Exhibit (e)(3)
SUPPLEMENT TO DISTRIBUTION CONTRACT
PIMCO Funds: Multi-Manager Series
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, XX 00000
October __, 2003
PIMCO Funds Distributors LLC
0000 Xxxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxxx 00000
Re: PIMCO Multi-Discipline Portfolio
Ladies and Gentlemen:
This will confirm the agreement between the undersigned (the "Trust") and
PIMCO Advisors Distributors LLC (the "Distributor") as follows:
1. The Trust is an open-end management investment company organized as a
Massachusetts business trust and consisting of such separate investment
portfolios as have been or may be established by the Trustees of the Trust from
time to time. Up to seven separate classes of shares of beneficial interest in
the Trust are offered to investors with respect to each investment portfolio.
PIMCO Multi-Discipline Portfolio (the "New Fund") is a separate investment
portfolio of the Trust.
2. The Trust and the Distributor have entered into an Amended and Restated
Distribution Contract (the "Contract") dated December 16, 2002, pursuant to
which the Distributor has agreed to be the distributor of shares of beneficial
interest in the Trust.
3. In accordance with paragraph 1 of the Contract, the Trust and the
Distributor hereby designate the New Fund as an additional investment portfolio
to which the Contract pertains and adopt the Contract with respect to the New
Fund, the terms and conditions of the Contract being hereby incorporated herein
by reference.
4. This Supplement and the Contract shall become effective with respect to
the Fund on the date hereof and shall remain in full force and effect
continuously as to the Fund and a class of shares thereof (unless terminated
automatically as set forth in Section 17 of the Contract) until terminated:
(a) Either by the Fund or such class or the Distributor by not more than
sixty (60) days' nor less than thirty (30) days' written notice delivered or
mailed by registered mail, postage prepaid, to the other party; or
(b) Automatically as to the Fund or class thereof at the close of business
one year from the date hereof, or upon the expiration of one year from the
effective date of the last continuance of the Contract, whichever is later, if
the continuance of the Contract is not specifically approved at least annually
by the Trustees of the Trust or the shareholders of the Fund or such class by
the affirmative vote of a majority of the outstanding shares of the Fund or such
class, and by a majority of the Trustees of the Trust who are not interested
persons of the Trust and who have no direct or indirect financial interest in
the operation of the Plans (as defined in the Contract) or the Contract by vote
cast in person at a meeting called for the purpose of voting on such approval.
Action by the Fund or a class thereof under (a) above may be taken either
(i) by vote of the Trustees of the Trust, or (ii) by the affirmative vote of a
majority of the outstanding shares of the Fund or such class. The requirement
under (b) above that the continuance of this Contract be "specifically approved
at least annually" shall be construed in a manner consistent with the 1940 Act
and the rules and regulations thereunder.
Termination of this Addendum and the Contract pursuant to this section
shall be without the payment of any penalty.
If the Contract is terminated or not renewed with respect to the Fund or
any other investment portfolio of
the Trust or class of shares thereof, it may continue in effect with respect to
any investment portfolio (including the Fund) or any class thereof as to which
it has not been terminated (or has been renewed).
If the foregoing correctly sets forth the agreement between the Trust
and the Distributor, please so indicate by signing and returning to the Trust
the enclosed copy hereof.
Very truly yours,
PIMCO Funds: Multi-Manager Series
By:______________________________
Title:
ACCEPTED:
PIMCO Advisors Distributors LLC
By:___________________________
Title:
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