EXHIBIT 99.1C
FREEDOM INVESTMENT TRUST III
000 Xxxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
AMENDMENT NO. 3 TO MASTER TRUST AGREEMENT
AS AMENDED AND RESTATED
Amendment No. 3, dated March 6, 1995 ("Amendment No. 3"), to the Master
Trust Agreement dated June 16, 1989, as amended and restated dated May 14, 1991,
as further amended from time to time (the "Agreement"), of Freedom Investment
Trust III, a Massachusetts business trust (the "Trust").
W I T N E S S E T H:
WHEREAS, Section 7.3 of the Agreement provides that the Agreement may
be amended by an instrument, signed by a majority of the Trustees of the Trust,
to adversely affect the rights of shareholders provided that the amendment is
approved by a majority of the outstanding shares of beneficial interest of the
Trust entitled to vote thereon; and
WHEREAS, the termination of Xxxx Xxxxxxx Freedom Environmental Fund as
a series of the Trust was approved by at least a majority of the outstanding
shares of beneficial interest of Xxxx Xxxxxxx Freedom Environmental Fund at a
meeting duly called and held on November 30, 1994 at which a quorum was present
and acting throughout.
NOW, THEREFORE, the Trustees hereby state:
1. That all other references to Xxxx Xxxxxxx Freedom Environmental Fund
in the Agreement and Amendment Nos. 1 and 2, each dated June 25, 1992, thereto
are hereby deleted and Xxxx Xxxxxxx Freedom Environmental Fund is hereby
terminated as a series of the Trust. The initial paragraph of Section 4.2 of the
Agreement as heretofore in effect is hereby amended and restated to read as
follows:
"Section 4.2 Establishment and Designation of Sub-Trusts. Without
limiting the authority of the Trustees set forth in Section 4.1 to
establish and designate any further Sub-Trusts, the Trustees hereby
establish and designate one Sub-Trust: "Xxxx Xxxxxxx Discovery Fund."
The Shares of such Sub-Trusts and any Shares of any further Sub-Trust
that may from time to time be established and designated by the
Trustees shall (unless the Trustees otherwise determine with respect to
some further Sub-Trust at the time of establishing and designating the
same) have the following relative rights and preferences:"
2. This Amendment No. 3 shall become effective upon filing with the
Secretary of State of The Commonwealth of Massachusetts.
IN WITNESS WHEREOF, the undersigned, being at least a majority of the
Trustees of the Trust, have executed this Amendment No. 3 as of the 6th day of
March , 1995.
/s/ Xxxxxx X. Xxxxxxxx, Xx. /s/Xxxxxxx X. Xxxxxx, III
--------------------------- -------------------------
Xxxxxx X. Xxxxxxxx, Xx., as Xxxxxxx X. Xxxxxx, III, as
Trustee and not individually Trustee and not individually
000 Xxxxxxxxxx Xxxxxx RR 1, 000 Xxx Xxxxxxx Xxxx
Xxxxxx, XX 00000 Xxxxxxxx, XX 00000
/s/Xxxxxxx X. Xxxxxx /s/ Xxxx X. Xxxxxx, Xx.
--------------------------- -------------------------
Xxxxxxx X. Xxxxxx, as Xxxx X. Xxxxxx, as Trustee and
Trustee and not individually not individually
XX 0, Xxx 000 000 Xxxxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000 Xxxxxx, XX 00000
/s/ Xxxxxx X. Xxxxxx /s/Xxxxxxx X. Xxxxxxx
--------------------------- -------------------------
Xxxxxx X. Xxxxxx, as Trustee Xxxxxxx X Xxxxxxx, as Trustee
and not individually and not individually
000 Xxxxxx Xxxxxxxx 000 Xxxxxxx Xxxxxx
Xxxxxxxx, XX 00000 Xxxxxx, XX 00000
/s/Xxxxxxx X. Xxxxxx /s/Xxxxxxx Xxxxx
--------------------------- -------------------------
Xxxxxxx X. Xxxxxx , as Trustee Xxxxxxx Xxxxx, as Trustee and
and not individually not individually
Babson College 0 Xxxxx Xxxxxx
Xxxxxx Xxxx, XX 00000 Xxxxxx, XX 00000
/s/ Xxxxx Xxxxxx, Xx. /s/Xxxx X Xxxxx
--------------------------- -------------------------
Xxxxx Xxxxxx, Xx. as Trustee Xxxx X. Xxxxx, as Trustee and
and not individually not individually
00 Xxxxxxx Xxxx Xxxx 0000 Xxxxxxx Xxxxxx
Xxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
/s/ Xxxxx XxXxxx Xxxxxxxx /s/Xxxx X. Xxxxx
--------------------------- -------------------------
Xxxxx XxXxxx Xxxxxxxx, as Xxxx X. Xxxxx, as Trustee and
Trustee and not individually not individually
St. Xxxxxxxx University Soldiers Field Road
Canton , NY 13617 Xxxxxx, XX 00000
corpsec/xxxxx/fit3/amend2
