EXHIBIT (2)(j)(2)
SUPPLEMENTARY AGREEMENT TO THAI CUSTODY CONTRACT
This Supplementary Agreement is made on this 30th day of May, 1990 between:
(1) THE THAI FARMERS BANK LIMITED, 000 Xxxxxxxxxxxx Xxxx, Xxxxxxx 00000,
Xxxxxxxx (the "Custodian");
(2) THE MUTUAL FUND COMPANY LIMITED, 1770 IFCT Building, New Xxxxxxxxx Xxxx,
Xxxxxxx 00000, Xxxxxxxx (the "Manager"); and
(3) THE THAI FUND, INC., P.O. Box 1102 Vanguard Financial Center, Valley Forge,
Pennsylvania 19482, U.S.A. (the "Company").
Whereas the Custodian, the Manager and the Company have entered into a Thai
Custody Contract on February 17, 1988 under which the Custodian agreed to act as
custodian for the Thai securities and cash of The Thai Fund, Inc. held through
the Investment Plan, under the terms and conditions provided therein; and
Whereas the parties believe that it is appropriate to amend the Thai Custody
Contract in accordance with the terms and conditions set forth hereunder.
Now, therefore, the parties hereto agreed as follows:
1. Section 1.2 of the Thai Custody Contract shall be amend to read as follows
and Exhibit A of the Thai Custody Contract shall be deleted:
"1.2 COMPENSATION OF CUSTODIAN. During the period of June 1, 1990 through
December 31, 1990, the Custodian shall be entitled to compensation for
its services provided hereunder at the rate 1/52 of 0.075% per week of
the Net Asset Value of the Investment Plan as at each Valuation Day
accrued weekly and payable in arrears together with out of pocket
expenses relating to the services of the Custodian. The Custodian
shall be paid only upon receipt of Proper Instructions, after delivery
to the Fund of a monthly xxxx for its services hereunder as described
in Section 3.2(c) hereof; provided, however, that if Vanguard shall
deliver neither Proper Instruction nor objections to such monthly xxxx
to the Custodian within 5 business days after the due date for payment
thereof, the Custodian may debit the Plan Assets for the amount of
such xxxx.
After December 31, 1990 onwards, the rate of compensation for
Custodian's services hereunder shall be increased to 1/52 of 0.1% per
week of the Net Asset Value of the Investment Plan."
2. Apart from the above amendment, other terms and conditions of the Thai
Custody Contract shall remain the same.
3. This Supplementary Agreement shall become into force on the date above
written.
EXHIBIT (2)(j)(2)
IN WITNESS WHEREOF this Agreement has been entered into the day and year first
above written.
THE THAI FARMERS BANK LIMITED
Witness By
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THE MUTUAL FUND COMPANY LIMITED
Witness By
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THE THAI FUND, INC.
Witness By /s/ Xxxxxx Xxxxx
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