TRANSFER AGENCY SERVICES AGREEMENT

THIS AGREEMENT is made as of February 1, 2001 by and between PFPC INC., a Massachusetts corporation (“PFPC”), and The AAL Mutual Funds, a multi-class series fund, organized as a Massachusetts Business Trust (the “Fund”).

W I T N E S S E T H:

WHEREAS, the Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (including the regulations promulgated thereunder, referred to herein as the "1940 Act"); and

WHEREAS, the Fund wishes to retain PFPC to serve as transfer agent, registrar, dividend disbursing agent and shareholder servicing agent to its Funds listed on Schedule A attached hereto and made a part hereof and PFPC wishes to furnish such services. Schedule A may be amended from time to time for the addition of new Funds.

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, and intending to be legally bound hereby, the parties hereto agree as follows:

Definitions. As Used in this Agreement:
1. "1933 Act" means the Securities Act of 1933, as amended, and the regulations promulgated thereunder.
2. "1934 Act" means the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder.
3. “Authorized Person” means any officer of the Fund and any other person duly authorized by the Fund’s Board of Directors or Trustees to give Oral Instructions and Written Instructions on behalf of the Fund. An Authorized Person’s scope of authority may be limited by setting forth such limitation in a written document signed by both parties hereto.
4. "CEA" means the Commodities Exchange Act, as amended, and the regulations promulgated thereunder.
5. “Change of Control” means a change in ownership or control (not including transactions between wholly-owned direct or indirect subsidiaries of a common parent) of 25% or more of the beneficial ownership of the shares of common stock or shares of beneficial interest of an entity or its parents(s).
6. “Oral Instructions” mean oral instructions received by PFPC from an Authorized Person or from a person reasonably believed by PFPC to be an Authorized Person. PFPC may, in its sole discretion in each separate instance, consider and rely upon instructions it receives from an Authorized Person via electronic mail as Oral Instructions.
7. "SEC" means the Securities and Exchange Commission.
8. "Securities Laws" mean the 1933 Act, the 1934 Act, the 1940 Act and the CEA.
9. "Shares" mean the shares of beneficial interest of any series or class of the Fund.
10. “Written Instructions” mean (i) written instructions signed by an Authorized Person and received by PFPC or (ii) trade instructions transmitted (and received by PFPC) by means of an electronic transaction reporting system access to which requires use of a password or other authorized identifier. The instructions may be delivered by hand, mail, e-mail, tested telegram, cable, telex or facsimile sending device.
Appointment. The Fund hereby appoints PFPC to serve as transfer agent, registrar, dividend disbursing agent and shareholder servicing agent to the Fund in accordance with the terms set forth in this Agreement. PFPC accepts such appointment and agrees to furnish such services.
Delivery of Documents. The Fund has provided or, where applicable, will provide PFPC with the following:
1. At PFPC's request, certified or authenticated copies of the resolutions of the Fund's Board of Directors or Trustees, approving the appointment of PFPC or its affiliates to provide services to the Fund and approving this Agreement;
2. A copy of the Fund's most recent effective registration statement;
3. A copy of the advisory agreement with respect to each investment Portfolio of the Fund;
4. A copy of the distribution/underwriting agreement with respect to each class of Shares of the Fund;
5. A copy of the Fund's organizational documents, as filed with the state in which the Fund is organized; and
6. Copies (certified or authenticated where applicable) of any and all amendments or supplements to the foregoing.
Compliance with Rules and Regulations. PFPC undertakes to comply with all applicable requirements of the Securities Laws and any laws, rules and regulations of governmental authorities having jurisdiction with respect to the duties to be performed by PFPC hereunder. Except as specifically set forth herein, PFPC assumes no responsibility for such compliance by the Fund or any other entity.
Instructions.
1. Unless otherwise provided in this Agreement, PFPC shall act only upon Oral Instructions or Written Instructions.
2. PFPC shall be entitled to rely upon any Oral Instruction or Written Instruction it receives from an Authorized Person (or from a person reasonably believed by PFPC to be an Authorized Person) pursuant to this Agreement. PFPC may assume that any Oral Instruction or Written Instruction received hereunder is not in any way inconsistent with the provisions of organizational documents or this Agreement or of any vote, resolution or proceeding of the Fund’s Board of Directors or Trustees or of the Fund’s shareholders, unless and until PFPC receives Written Instructions to the contrary.
3. The Fund agrees to forward to PFPC Written Instructions confirming Oral Instructions so that PFPC receives the Written Instructions by the close of business on the same day that such Oral Instructions are received. The fact that such confirming Written Instructions are not received by PFPC or differ from the Oral Instructions shall in no way invalidate the transactions or enforceability of the transactions authorized by the Oral Instructions or PFPC’s ability to rely upon such Oral Instructions. Where Oral Instructions or Written Instructions reasonably appear to have been received from an Authorized Person, PFPC shall incur no liability to the Fund in acting upon such Oral Instructions or Written Instructions provided that PFPC’s actions comply with the other provisions of this Agreement.
Right to Receive Advice.
1. Advice of the Fund. If PFPC is in doubt as to any action it should or should not take, PFPC may request directions or advice, including Oral Instructions or Written Instructions, from the Fund.
2. Advice of Counsel. If PFPC shall be in doubt as to any question of law pertaining to any action it should or should not take, PFPC may request advice from counsel of its own choosing (who may be counsel for the Fund, the Fund’s investment adviser or PFPC, at the option of PFPC).
3. Conflicting Advice. In the event of a conflict between directions or advice or Oral Instructions or Written Instructions PFPC receives from the Fund, and the advice it receives from counsel, PFPC may rely upon and follow the advice of counsel.
4. Protection of PFPC. PFPC shall be protected in any action it takes or does not take in reliance upon directions or advice or Oral Instructions or Written Instructions it receives from the Fund or from counsel and which PFPC believes, in good faith, to be consistent with those directions or advice or Oral Instructions or Written Instructions. Nothing in this section shall be construed so as to impose an obligation upon PFPC (i) to seek such directions or advice or Oral Instructions or Written Instructions, or (ii) to act in accordance with such directions or advice or Oral Instructions or Written Instructions unless, under the terms of other provisions of this Agreement, the same is a condition of PFPC’s properly taking or not taking such action.
Records; Visits. The books and records pertaining to the Fund, which are in the possession or under the control of PFPC, shall be the property of the Fund. Such books and records shall be prepared and maintained as required by the 1940 Act (including without limitation Section 31(a) thereunder) and other applicable securities laws, rules and regulations. The Fund and Authorized Persons shall have access to such books and records at all times during PFPC’s normal business hours. Upon the reasonable request of the Fund, copies of any such books and records shall be provided by PFPC to the Fund or to an Authorized Person, at the Fund’s expense.
Confidentiality. Each party shall keep confidential any information relating to the other party’s business (“Confidential Information”). Confidential Information shall include (a) any data or information that is competitively sensitive material, and not generally known to the public, including, but not limited to, information about product plans, marketing strategies, finances, operations, customer relationships, customer profiles, customer lists, sales estimates, business plans, and internal performance results relating to the past, present or future business activities of the Fund or PFPC, their respective subsidiaries and affiliated companies and the customers, clients and suppliers of any of them; (b) any scientific or technical information, design, process, procedure, formula, or improvement that is commercially valuable and secret in the sense that its confidentiality affords the Fund or PFPC a competitive advantage over its competitors; (c) all confidential or proprietary concepts, documentation, reports, data, specifications, computer software, source code, object code, flow charts, databases, inventions, know-how, and trade secrets, whether or not patentable or copyrightable; (d) all personal identifying information relating to the Fund’s shareholders; and (e) anything designated as confidential.

>
Notwithstanding the foregoing, information shall not be subject to such confidentiality obligations if it: (a) is already known to the receiving party at the time it is obtained; (b) is or becomes publicly known or available through no wrongful act of the receiving party; (c) is rightfully received from a third party who, to the best of the receiving party’s knowledge, is not under a duty of confidentiality; (d) is released by the protected party to a third party without restriction; (e) is required to be disclosed by the receiving party pursuant to a requirement of a court order, subpoena, governmental or regulatory agency or law (provided the receiving party will provide the other party written notice of such requirement, to the extent such notice is permitted); (f) is relevant to the defense of any claim or cause of action asserted against the receiving party brought by the disclosing party; or (g) has been or is independently developed or obtained by the receiving party, provided the receiving party is able to establish such independent development with sufficient documentation.
Cooperation with Accountants. PFPC shall cooperate with the Fund’s independent public accountants and shall take all reasonable actions in the performance of its obligations under this Agreement to ensure that the necessary information is made available to such accountants for the expression of their opinion, as required by the Fund.
PFPC System. PFPC shall retain title to and ownership of any and all data bases, computer programs, screen formats, report formats, interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise, patents, copyrights, trade secrets, and other related legal rights utilized by PFPC in connection with the services provided by PFPC to the Fund.
Disaster Recovery. PFPC shall enter into and shall maintain in effect with appropriate parties one or more agreements making reasonable provisions for emergency use of electronic data processing equipment. In the event of equipment failures, PFPC shall, at no additional expense to the Fund, take reasonable steps to minimize service interruptions. PFPC shall have no liability with respect to the loss of data or service interruptions caused by equipment failure, provided such loss or interruption is not caused by PFPC’s own willful misfeasance, bad faith, negligence or reckless disregard of its duties or obligations under this Agreement. Notwithstanding the foregoing, upon the cure of any such equipment failure, PFPC shall reprocess all data necessary to correct or replace all reports and other results which were lost or corrupted as a result of such failure.
Compensation. As compensation for services rendered by PFPC during the term of this Agreement, the Fund will pay to PFPC a fee or fees as set forth in the Fee Letter executed by the parties simultaneously with this Agreement and as may otherwise be agreed to from time to time in writing by the Fund and PFPC. The Fund acknowledges that PFPC may receive float benefits and/or investment earnings in connection with maintaining certain accounts required to provide services under this Agreement.
Indemnification.
1. The Fund agrees to indemnify and hold harmless PFPC and its affiliates from all taxes (other than income taxes imposed on PFPC’s taxable income or property or similar taxes imposed on PFPC’s real or personal property), charges, expenses, assessments, claims and liabilities (including, without limitation, attorneys’ fees and disbursements and liabilities arising under the Securities Laws and any state and foreign securities and blue sky laws) arising directly or indirectly from any action or omission to act which PFPC takes in connection with the provision of services to the Fund. Neither PFPC, nor any of its affiliates, shall be indemnified against any liability (or any expenses incident to such liability) caused by PFPC’s or its affiliates’ own willful misfeasance, bad faith, negligence or reckless disregard of its duties and obligations under this Agreement, provided that in the absence of a finding to the contrary the acceptance, processing and/or negotiation of a fraudulent payment for the purchase of Shares shall be presumed not to have been the result of PFPC’s or its affiliates own willful malfeasance, bad faith, negligence or reckless disregard of such duties and obligations.
2. PFPC agrees to indemnify and hold harmless the Fund and its affiliates from all expenses, claims and liabilities (including without limitation attorney’s fees and disbursements and liabilities arising under Securities Laws and any state and foreign securities and blue-sky laws) caused by PFPC’s or its affiliates willful malfeasance, bad faith, negligence or reckless disregard of its duties and obligations under this Agreement.
Responsibility of PFPC.
1. PFPC shall be under no duty to take any action hereunder on behalf of the Fund except as specifically set forth herein or as may be specifically agreed to by PFPC and the Fund in a written amendment hereto. PFPC shall be obligated to exercise care and diligence in the performance of its duties hereunder and to act in good faith in performing services provided for under this Agreement. PFPC shall be liable only for any damages arising out of PFPC’s failure to perform its duties under this Agreement to the extent such damages arise out of PFPC’s willful malfeasance, bad faith, negligence or reckless disregard of its duties and obligations under this Agreement.
2. Without limiting the generality of the foregoing or of any other provision of this Agreement, (i) PFPC shall not be liable for losses beyond its control, including without limitation (subject to Section 11), delays or errors or loss of data occurring by reason of circumstances beyond PFPC’s control, provided that PFPC has acted in accordance with the standard set forth in Section 14(a) above; and (ii) PFPC shall not be under any duty or obligation to inquire into and shall not be liable for the validity or invalidity or authority or lack thereof of any Oral Instruction or Written Instruction, notice or other instrument which conforms to the applicable requirements of this Agreement, and which PFPC reasonably believes to be genuine.
3. Notwithstanding anything in this Agreement to the contrary, neither PFPC nor its affiliates shall be liable for any consequential, special or indirect losses or damages, whether or not the likelihood of such losses or damages was known by PFPC or its affiliates.
4. No party may assert a cause of action against PFPC or any of its affiliates allegedly occurred more than 24 months after the expiration or termination of this Agreement.
5. Each party shall have a duty to mitigate damages for which the other party may become responsible.
Description of Services.
1. Services Provided on an Ongoing Basis, If Applicable.
  1. Calculate 12b-1 payments;
  2. Maintain shareholder registrations;
  3. Review new applications and correspond with shareholders and AAL CMC to complete or correct information;
  4. Direct payment processing of checks or wires;
  5. Prepare and certify stockholder lists in conjunction with proxy solicitations;
  6. Countersign share certificates;
  7. Mail duplicate confirmations to broker-dealers of their clients’ activity, whether executed through the broker-dealer or directly with PFPC;
  8. Provide periodic shareholder lists and statistics to the Fund;
  9. Provide detailed data for underwriter/broker confirmations;
  10. Prepare periodic year-end tax information;
  11. Notify on a timely basis the investment adviser, accounting agent, and custodian of fund activity; and
  12. Perform other participating broker-dealer shareholder services as may be agreed upon from time to time.
1. Services Provided by PFPC Under Oral Instructions or Written Instructions.
  1. Accept and post daily Share purchases and redemptions;
  2. Accept, post and perform shareholder transfers and exchanges;
  3. Pay dividends and other distributions;
  4. Issue and cancel certificates (when requested in writing by the shareholder).
1. Purchase of Shares. PFPC shall issue and credit an account of an investor, in the manner described in the Fund's prospectus, once it receives:
  1. A purchase order;
  2. Proper information to establish a shareholder account; and
  3. Confirmation of receipt or crediting of funds for such order to the Fund's custodian.
1. Redemption of Shares. PFPC shall redeem Shares only if that function is properly authorized by the certificate of incorporation or resolution of the Fund’s Board of Directors or Trustees. Shares shall be redeemed and payment therefor shall be made in accordance with the Fund’s prospectus, when the recordholder tenders Shares in proper form and directs the method of redemption. If Shares are received in proper form, Shares shall be redeemed before the funds are provided to PFPC from the Fund’s custodian (the “Custodian”). If the recordholder has not directed that redemption proceeds be wired, when the Custodian provides PFPC with funds, the redemption check shall be sent to and made payable to the recordholder, unless:
  1. the surrendered certificate is drawn to the order of an assignee or holder and transfer authorization is signed by the recordholder; or
  2. transfer authorizations are signed by the recordholder when Shares are held in book-entry form.
When a broker-dealer notifies PFPC of a redemption desired by a customer, and the Custodian provides PFPC with funds, PFPC shall prepare and send the redemption check to the broker-dealer and made payable to the broker-dealer on behalf of its customer.
1. Dividends and Distributions. Upon receipt of a resolution of the Fund’s Board of Directors or Trustees authorizing the declaration and payment of dividends and distributions, PFPC shall issue dividends and distributions declared by the Fund in Shares, or, upon shareholder election, pay such dividends and distributions in cash, if provided for in the Fund’s prospectus. Such issuance or payment, as well as payments upon redemption as described above, shall be made after deduction and payment of the required amount of funds to be withheld in accordance with any applicable tax laws or other laws, rules or regulations. PFPC shall mail to the Fund’s shareholders such tax forms and other information, or permissible substitute notice, relating to dividends and distributions paid by the Fund as are required to be filed and mailed by applicable law, rule or regulation. PFPC shall prepare, maintain and file with the IRS and other appropriate taxing authorities reports relating to all dividends above a stipulated amount paid by the Fund to its shareholders as required by tax or other law, rule or regulation.
2. Shareholder Account Services.
  1. PFPC may arrange, in accordance with the prospectus, for issuance of Shares obtained through:
    - Any pre-authorized check plan; and
    - Direct purchases through broker wire orders, checks and applications.
  1. PFPC may arrange, in accordance with the prospectus, for a shareholder's:
    - Exchange of Shares for shares of another fund with which the Fund has exchange privileges; - Automatic redemption from an account where that shareholder participates in a automatic redemption plan; and/or
    - Redemption of Shares from an account with a checkwriting privilege.
1. Records. PFPC shall maintain records of the accounts for each shareholder showing the following information:
  1. Name, address and United States Tax Identification or Social Security number;
  2. Number and class of Shares held and number and class of Shares for which certificates, if any, have been issued, including certificate numbers and denominations;
  3. Historical information regarding the account of each shareholder, including dividends and distributions paid and the date and price for all transactions on a shareholder’s account;
  4. Any stop or restraining order placed against a shareholder's account;
  5. Any correspondence relating to the current maintenance of a shareholder's account;
  6. Information with respect to withholdings; and
  7. Any information required in order for PFPC to perform any calculations required by this Agreement.
1. Lost or Stolen Certificates. PFPC shall place a stop notice against any certificate reported to be lost or stolen and comply with all applicable federal regulatory requirements for reporting such loss or alleged misappropriation. A new certificate shall be registered and issued only upon:
  1. The shareholder's pledge of a lost instrument bond or such other appropriate indemnity bond issued by a surety company approved by PFPC; and
  2. Completion of a release and indemnification agreement signed by the shareholder to protect PFPC and its affiliates.
1. Shareholder Inspection of Stock Records. Upon a request from any Fund shareholder to inspect stock records, PFPC will notify the Fund and the Fund will issue instructions granting or denying each such request. Unless PFPC has acted contrary to the Fund’s instructions, the Fund agrees to and does hereby release PFPC from any liability for refusal of permission for a particular shareholder to inspect the Fund’s stock records.
2. Withdrawal of Shares and Cancellation of Certificates. Upon receipt of Written Instructions, PFPC shall cancel outstanding certificates surrendered by the Fund to reduce the total amount of outstanding shares by the number of shares surrendered by the Fund.
3. Lost Shareholders. PFPC shall perform such services as are required in order to comply with Rules 17a-24 and 17Ad-17 of the 1934 Act (the “Lost Shareholder Rules”), including, but not limited to, those set forth below. PFPC may, in its sole discretion, use the services of a third party to perform some of or all such services.
  1. documentation of search policies and procedures;
  2. execution of required searches;
  3. tracking results and maintaining data sufficient to comply with the Lost Shareholder Rules; and
  4. preparation and submission of data required under the Lost Shareholder Rules.
    
    Except as set forth above, PFPC shall have no responsibility for any escheatment services.
1. Operational and Workflow Structure. The parties acknowledge that in addition to PFPC, AAL Capital Management Corporation (“AAL CMC”) will continue to provide certain services on behalf of the Funds; in connection therewith, Schedule B, attached hereto and incorporated herein by reference sets forth the delineation of services provided by PFPC and AAL CMC.
2. Performance Standards. The parties will perform their duties under this Agreement in accordance with the performance standards set forth in Schedule C to this Agreement. Should PFPC fail to meet these standards, PFPC will reimburse the Fund for all reasonable expenses incurred by the Fund.

Duration and Termination.
1. This Agreement shall be effective on the date first written above and shall continue for a period of five (5) years from the date hereof (the “Initial Term”).
2. Upon the expiration of the Initial Term, this Agreement shall automatically renew for successive terms of one (1) year (“Renewal Terms”) each, unless the Fund or PFPC provides written notice to the other of its intent not to renew. Such notice must be received not less than sixty (60) days prior to the expiration of the Initial Term or the then current Renewal Term.
3. In the event the Fund gives notice of termination, all reasonable expenses associated with movement (or duplication) of records and materials and conversion thereof to a successor transfer agent or other service provider, and all trailing expenses incurred by PFPC, will be borne by the Fund.
4. If a party hereto is guilty of a material failure to perform its duties and obligations hereunder (a “Defaulting Party”) the other party (the “Non-Defaulting Party”) may give written notice thereof to the Defaulting Party, and if such material breach shall not have been remedied to the reasonable satisfaction of the Non-defaulting Party within thirty (30) days after such written notice is given, then the Non-Defaulting Party may terminate this Agreement. In all cases, termination by the Non-Defaulting Party shall not constitute a waiver by the Non-Defaulting Party of any other rights it might have under this Agreement or otherwise against the Defaulting Party.
Change of Control. Notwithstanding anything contained in this Agreement to the contrary, should there be a change of control with respect to the Fund which results in the Fund’s desire to move any of the services provided by PFPC hereunder to a successor service provider prior to the expiration of the then current Initial or Renewal Term, or without the required notice period, PFPC shall make a good faith effort to facilitate the conversion on such prior date, however, there can be no guarantee that PFPC will be able to facilitate a conversion of services on such prior date. In connection with the foregoing, should services be converted to a successor service provider, or if the Fund is liquidated or its assets merged or purchased or the like with another entity which does not utilize the services of PFPC, the payment of fees to PFPC as set forth herein shall be accelerated to a date prior to the conversion or termination of services and calculated as if the services had remained with PFPC until the expiration of the then current Initial or Renewal Term and calculated at the asset and/or Shareholder account levels, as the case may be, on the date notice of termination was given to PFPC.
Notices. Notices shall be addressed (a) if to PFPC, at 000 Xxxxxxxx Xxxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000, Attention: President; (b) if to the Fund, at 000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxxx, XX 00000-0000, Attention: President or (c) if to neither of the foregoing, at such other address as shall have been given by like notice to the sender of any such notice or other communication by the other party. If notice is sent by confirming telegram, cable, telex or facsimile sending device, it shall be deemed to have been given immediately. If notice is sent by first-class mail, it shall be deemed to have been given three days after it has been mailed. If notice is sent by messenger, it shall be deemed to have been given on the day it is delivered.
Amendments. This Agreement, or any term thereof, may be changed or waived only by a written amendment, signed by the party against whom enforcement of such change or waiver is sought.
Delegation; Assignment. PFPC may assign its rights and delegate its duties hereunder to any majority-owned direct or indirect subsidiary of PFPC or of The PNC Financial Services Group, Inc., provided:
1. that PFPC gives the Fund 30 days prior written notice of such assignment or delegation;
2. that such assignment or delegation does not materially affect the systems, operations, personnel or other resources utilized by PFPC to provide the services contemplated under this Agreement or otherwise have a material adverse affect on the quality of such services; and
3. Noting in the foregoing limits the Fund’s right to terminate this Agreement when an assignment is required, or occurs, due to the merger or acquisition of PFPC.

Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Further Actions. Each party agrees to perform such further acts and execute such further documents as are necessary to effectuate the purposes hereof.
Conversion from PAR.The Funds reserve the right to terminate this Agreement in the event that a conversion from the PAR system is required to maintain the rights and obligations of the parties under this Agreement.
Miscellaneous.
1. Entire Agreement. This Agreement embodies the entire agreement and understanding between the parties and supersedes all prior agreements and understandings relating to the subject matter hereof, provided that the parties may embody in one or more separate documents their agreement, if any, with respect to delegated duties.
2. No Changes that Materially Affect Obligations. Notwithstanding anything in this Agreement to the contrary, the Fund agrees not to make any modifications to its registration statement or adopt any policies which would affect materially the obligations or responsibilities of PFPC except upon at least thirty (30) days prior written notice to PFPC.
3. Captions. The captions in this Agreement are included for convenience of reference only and in no way define or delimit any of the provisions hereof or otherwise affect their construction or effect.
4. Governing Law. This Agreement shall be deemed to be a contract made in Delaware and governed by Delaware law, without regard to principles of conflicts of law.
5. Partial Invalidity. If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby.
6. Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns.
7. No Representations or Warranties. Except as expressly provided in this Agreement, PFPC hereby disclaims all representations and warranties, express or implied, made to the Fund or any other person, including, without limitation, any warranties regarding quality, suitability, merchantability, fitness for a particular purpose or otherwise (irrespective of any course of dealing, custom or usage of trade), of any services or any goods provided incidental to services provided under this Agreement. PFPC disclaims any warranty of title or non-infringement except as otherwise set forth in this Agreement.
8. Facsimile Signatures. The facsimile signature of any party to this Agreement shall constitute the valid and binding execution hereof by such party.
9. Relationship of Parties. The performance by PFPC of its duties and obligations under this Agreement shall be that of an independent contractor and, except as explicitly provided otherwise herein, this Agreement shall not create or imply an agency relationship between the Fund and PFPC, nor shall this Agreement be deemed to constitute a joint venture or partnership between PFPC and the Fund.
10. Agreement Binding Only on Fund Property. PFPC understands that the obligations of this Agreement are not binding upon any shareholder of the Fund, personally, but bind only the Fund’s property; PFPC represents that it has notice of the Fund’s Declaration of Trust disclaiming shareholder liabilities for acts and obligations of the Fund.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first above written.

                                            PFPC INC.


                                            By:      /s/ Xxxxxxx Xxxxxxx
                                                     -------------------
                                            Title:   Chairman




                                            THE AAL MUTUAL FUNDS


                                            By:      /s/ Xxxxxx X. Same
                                                     ------------------
                                            Title:   President

SCHEDULE A

List of Funds

Effective February 10, 2001

The AAL Technology Stock Fund
The AAL Aggressive Growth Fund
The AAL Small Cap Stock Fund
The AAL Small Cap Index Fund II
The AAL Mid Cap Stock Fund
The AAL Mid Cap Index Fund
The AAL Mid Cap Index Fund II
The AAL International Fund
The AAL Capital Growth Fund
The AAL Large Company Index Fund
The AAL Large Company Index Fund II
The AAL Equity Income Fund
The AAL Balanced Fund
The AAL High Yield Bond Fund
The AAL Municipal Bond Fund
The AAL Bond Fund
The AAL Bond Index Fund
The AAL Money Market Fund
The AAL U.S. Government Zero Coupon Target Fund, Series 2001
The AAL U.S. Government Zero Coupon Target Fund, Series 2006

Document Metadata

Table of Contents

TRANSFER AGENCY SERVICES AGREEMENT

Document Metadata