Exhibit (e)(2) under Form N-1A Exhibit (1) under Item 601/Reg. S-K
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Exhibit
(e)(2) under Form N-1A
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Exhibit
(1) under Item 601/Reg. S-K
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FEDERATED GOVERNMENT INCOME
SECURITIES, INC.
DISTRIBUTOR'S
CONTRACT
AGREEMENT
made this 17th day of July, 1996 by and between Federated Government Income
Securities, Inc. (the "Corporation”), a Maryland Corporation, and FEDERATED
SECURITIES CORP. ("FSC"), a Pennsylvania Corporation.
In
consideration of the mutual covenants hereinafter contained, it is hereby agreed
by and between the parties hereto as follows:
1. The
Corporation hereby appoints FSC as its agent to sell and distribute shares of
the Corporation which may be offered in one or more series (the "Funds")
consisting of one or more classes (the "Classes") of shares (the "Shares"), as
described and set forth on one or more exhibits to this Agreement, at the
current offering price thereof as described and set forth in the current
Prospectuses of the Corporation. FSC hereby accepts such appointment
and agrees to provide such other services for the Corporation, if any, and
accept such compensation from the Corporation, if any, as set forth in the
applicable exhibits to this Agreement.
2. The
sale of any Shares may be suspended without prior notice whenever in the
judgment of the Corporation it is in its best interest to do so.
3. Neither
FSC nor any other person is authorized by the Corporation to give any
information or to make any representation relative to any Shares other than
those contained in the Registration Statement, Prospectuses, or Statements of
Additional Information ("SAIs") filed with the Securities and Exchange
Commission, as the same may be amended from time to time, or in any supplemental
information to said Prospectuses or SAIs approved by the
Corporation. FSC agrees that any other information or representations
other than those specified above which it or any dealer or other person who
purchases Shares through FSC may make in connection with the offer or sale of
Shares, shall be made entirely without liability on the part of the Corporation.
No person or dealer, other than FSC, is authorized to act as agent for the
Corporation for any purpose. FSC agrees that in offering or selling Shares as
agent of the Corporation, it will, in all respects, duly conform to all
applicable state and federal laws and the rules and regulations of the National
Association of Securities Dealers, Inc., including its Rules of Fair Practice.
FSC will submit to the Corporation copies of all sales literature before using
the same and will not use such sales literature if disapproved by the
Corporation.
4. This
Agreement is effective with respect to each Class as of the date of execution of
the applicable exhibit and shall continue in effect with respect to each Class
presently set forth on an exhibit and any subsequent Classes added pursuant to
an exhibit during the initial term of this Agreement for one year from the date
set forth above, and thereafter for successive periods of one year if such
continuance is approved at least annually by the Directors of the Corporation
including a majority of the members of the Board of Corporation of the
Corporation who are not interested persons of the Corporation and have no direct
or indirect financial interest in the operation of any Distribution Plan
relating to the Corporation or in any related documents to such Plan
("Disinterested Directors") cast in person at a meeting called for that purpose.
If a Class is added after the first annual approval by the Directors as
described above, this Agreement will be effective as to that Class upon
execution of the applicable exhibit and will continue in effect until the next
annual approval of this Agreement by the Directors and thereafter for successive
periods of one year, subject to approval as described above.
5. This
Agreement may be terminated with regard to a particular Fund or Class at any
time, without the payment of any penalty, by the vote of a majority of the
Disinterested Directors or by a majority of the outstanding voting securities of
the particular Fund or Class on not more than sixty (60) days' written notice to
any other party to this Agreement. This Agreement may be terminated with regard
to a particular Fund or Class by FSC on sixty (60) days' written notice to the
Corporation.
6. This
Agreement may not be assigned by FSC and shall automatically terminate in the
event of an assignment by FSC as defined in the Investment Company Act of 1940,
as amended, provided, however, that FSC may employ such other person, persons,
corporation or corporations as it shall determine in order to assist it in
carrying out its duties under this Agreement.
7. FSC
shall not be liable to the Corporation for anything done or omitted by it,
except acts or omissions involving willful misfeasance, bad faith, gross
negligence, or reckless disregard of the duties imposed by this
Agreement.
8. This
Agreement may be amended at any time by mutual agreement in writing of all the
parties hereto, provided that such amendment is approved by the Directors of the
Corporation including a majority of the Disinterested Directors of the
Corporation cast in person at a meeting called for that purpose.
9. This
Agreement shall be construed in accordance with and governed by the laws of the
Commonwealth of Pennsylvania.
10. (a) Subject
to the conditions set forth below, the Corporation agrees to indemnify and hold
harmless FSC and each person, if any, who controls FSC within the meaning of
Section 15 of the Securities Act of 1933 and Section 20 of the
Securities Act of 1934, as amended, against any and all loss, liability, claim,
damage and expense whatsoever (including but not limited to any and all expenses
whatsoever reasonably incurred in investigating, preparing or defending against
any litigation, commenced or threatened, or any claim whatsoever) arising out of
or based upon any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement, any Prospectuses or SAIs (as from
time to time amended and supplemented) or the omission or alleged omission
therefrom of a material fact required to be stated therein or necessary to make
the statements therein not misleading, unless such statement or omission was
made in reliance upon and in conformity with written information furnished to
the Corporation about FSC by or on behalf of FSC expressly for use in the
Registration Statement, any Prospectuses and SAIs or any amendment or supplement
thereof.
If any
action is brought against FSC or any controlling person thereof with respect to
which indemnity may be sought against the Corporation pursuant to the foregoing
paragraph, FSC shall promptly notify the Corporation in writing of the
institution of such action and the Corporation shall assume the defense of such
action, including the employment of counsel selected by the Corporation and
payment of expenses. FSC or any such controlling person thereof shall have the
right to employ separate counsel in any such case, but the fees and expenses of
such counsel shall be at the expense of FSC or such controlling person unless
the employment of such counsel shall have been authorized in writing by the
Corporation in connection with the defense of such action or the Corporation
shall not have employed counsel to have charge of the defense of such action, in
any of which events such fees and expenses shall be borne by the Corporation.
Anything in this paragraph to the contrary notwithstanding, the Corporation
shall not be liable for any settlement of any such claim of action effected
without its written consent. The Corporation agrees promptly to notify FSC of
the commencement of any litigation or proceedings against the Corporation or any
of its officers or Directors or controlling persons in connection with the issue
and sale of Shares or in connection with the Registration Statement,
Prospectuses, or SAIs.
(b) FSC
agrees to indemnify and hold harmless the Corporation, each of its Directors,
each of its officers who have signed the Registration Statement and each other
person, if any, who controls the Corporation within the meaning of
Section 15 of the Securities Act of 1933, but only with respect to
statements or omissions, if any, made in the Registration Statement or any
Prospectus, SAI, or any amendment or supplement thereof in reliance upon, and in
conformity with, information furnished to the Corporation about FSC by or on
behalf of FSC expressly for use in the Registration Statement or any Prospectus,
SAI, or any amendment or supplement thereof. In case any action shall be brought
against the Corporation or any other person so indemnified based on the
Registration Statement or any Prospectus, SAI, or any amendment or supplement
thereof, and with respect to which indemnity may be sought against FSC, FSC
shall have the rights and duties given to the Corporation, and the Corporation
and each other person so indemnified shall have the rights and duties given to
FSC by the provisions of subsection (a) above.
(c) Nothing
herein contained shall be deemed to protect any person against liability to the
Corporation or its shareholders to which such person would otherwise be subject
by reason of willful misfeasance, bad faith or gross negligence in the
performance of the duties of such person or by reason of the reckless disregard
by such person of the obligations and duties of such person under this
Agreement.
(d) Insofar
as indemnification for liabilities may be permitted pursuant to Section 17
of the Investment Company Act of 1940, as amended, for Directors, officers, FSC
and controlling persons of the Corporation by the Corporation pursuant to this
Agreement, the Corporation is aware of the position of the Securities and
Exchange Commission as set forth in the Investment Company Act Release
No. IC-11330. Therefore, the Corporation undertakes that in addition to
complying with the applicable provisions of this Agreement, in the absence of a
final decision on the merits by a court or other body before which the
proceeding was brought, that an indemnification payment will not be made unless
in the absence of such a decision, a reasonable determination based upon factual
review has been made (i) by a majority vote of a quorum of non-party
Disinterested Directors, or (ii) by independent legal counsel in a written
opinion that the indemnitee was not liable for an act of willful misfeasance,
bad faith, gross negligence or reckless disregard of duties. The Corporation
further undertakes that advancement of expenses incurred in the defense of a
proceeding (upon undertaking for repayment unless it is ultimately determined
that indemnification is appropriate) against an officer, Director, FSC or
controlling person of the Corporation will not be made absent the fulfillment of
at least one of the following conditions: (i) the indemnitee provides security
for his undertaking; (ii) the Corporation is insured against losses arising by
reason of any lawful advances; or (iii) a majority of a quorum of non-party
Disinterested Directors or independent legal counsel in a written opinion makes
a factual determination that there is reason to believe the indemnitee will be
entitled to indemnification.
12. If
at any time the Shares of any Fund are offered in two or more Classes, FSC
agrees to adopt compliance standards as to when a class of shares may be sold to
particular investors.
13. This
Agreement will become binding on the parties hereto upon the execution of the
attached exhibits to the Agreement.
Exhibit
A
to
the
Distributor's
Contract
Federated
Government Income Securities, Inc.
Class F
Shares
In
consideration of the mutual covenants set forth in the Distributor's Contract
dated July 17, 1996 between Federated Government Income Securities, Inc. and Federated Securities
Corp., Federated Government Income Securities, Inc. executes and delivers this
Exhibit on behalf of Federated Government Income Securities, Inc., and with
respect to the Class F Shares thereof, first set forth in this
Exhibit.
Witness
the due execution hereof this 17th day of July, 1996.
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ATTEST:
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FEDERATED
GOVERNMENT
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INCOME
SECURITIES, INC.
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/s/ Xxxx X. XxXxxxxxx
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By: /s/ Xxxxxxx X.
Xxxxxx
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Secretary
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President
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(SEAL)
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ATTEST:
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FEDERATED
SECURITIES CORP.
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/s/ Xxxxx X. Xxxxxx
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By: /s/ Xxxxxx X.
Xxxxxxxx
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Secretary
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Executive
Vice President
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(SEAL)
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See
Amendment #1 to Exhibit B – dated 12/1/07
Exhibit
B
to
the
Distributor's
Contract
FEDERATED
GOVERNMENT INCOME SECURITIES, INC.
Class A
Shares
The
following provisions are hereby incorporated and made part of the Distributor's
Contract dated July 17, 1996, between Federated Government Income Securities,
Inc. and Federated Securities Corp. with respect to the Class of shares set
forth above.
1. The
Corporation hereby appoints FSC to engage in activities principally intended to
result in the sale of shares of the above-listed Class ("Shares"). Pursuant to
this appointment, FSC is authorized to select a group of financial institutions
("Financial Institutions") to sell Shares at the current offering price thereof
as described and set forth in the respective prospectuses of the
Corporation.
2. During
the term of this Agreement, the Corporation will pay FSC for services pursuant
to this Agreement, a monthly fee computed at the annual rate of 0.25% of the
average aggregate net asset value of the Shares held during the month. For
the month in which this Agreement becomes effective or terminates, there shall
be an appropriate proration of any fee payable on the basis of the number of
days that the Agreement is in effect during the month.
3. FSC
may from time-to-time and for such periods as it deems appropriate reduce its
compensation to the extent any Class' expenses exceed such lower expense
limitation as FSC may, by notice to the Corporation, voluntarily declare to be
effective.
4. FSC
will enter into separate written agreements with various firms to provide
certain of the services set forth in Paragraph 1 herein. FSC, in its sole
discretion, may pay Financial Institutions a periodic fee in respect of Shares
owned from time to time by their clients or customers. The schedules of such
fees and the basis upon which such fees will be paid shall be determined from
time to time by FSC in its sole discretion.
5. FSC
will prepare reports to the Board of Directors of the Corporation on a
quarterly basis showing amounts expended hereunder including amounts paid to
Financial Institutions and the purpose for such expenditures.
In
consideration of the mutual covenants set forth in the Distributor's Contract
dated July 17, 1996 between Federated Government Income Securities, Inc. and
Federated Securities Corp., Federated Government Income Securities, Inc.
executes and delivers this Exhibit on behalf of the Class A Shares, first set
forth in this Exhibit.
Witness
the due execution hereof this 17th day of July, 1996.
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ATTEST:
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FEDERATED
GOVERNMENT
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INCOME
SECURITIES, INC.
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/s/ Xxxx X. XxXxxxxxx
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By: /s/ Xxxxxxx X.
Xxxxxx
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Secretary
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President
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(SEAL)
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ATTEST:
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FEDERATED
SECURITIES CORP.
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/s/ Xxxxx X. Xxxxxx
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By: /s/ Xxxxxx X.
Xxxxxxxx
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Secretary
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Executive
Vice President
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(SEAL)
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Amendment
#1 to Exhibit B
to
the
Distributor's
Contract
FEDERATED
GOVERNMENT INCOME SECURITIES, INC.
Class A
Shares
The
following provisions are hereby incorporated and made part of the Distributor's
Contract dated July 17, 1996, between Federated Government Income Securities,
Inc. and Federated Securities Corp. with respect to the Class of shares set
forth above.
1. The
Corporation hereby appoints FSC to engage in activities principally intended to
result in the sale of shares of the above-listed Class ("Shares"). Pursuant to
this appointment, FSC is authorized to select a group of financial institutions
("Financial Institutions") to sell Shares at the current offering price thereof
as described and set forth in the respective prospectuses of the
Corporation.
2. During
the term of this Agreement, the Corporation will pay FSC for services pursuant
to this Agreement, a monthly fee computed at the annual rate of 0.05% of the
average aggregate net asset value of the Shares held during the month. For
the month in which this Agreement becomes effective or terminates, there shall
be an appropriate proration of any fee payable on the basis of the number of
days that the Agreement is in effect during the month.
3. FSC
may from time-to-time and for such periods as it deems appropriate reduce its
compensation to the extent any Class' expenses exceed such lower expense
limitation as FSC may, by notice to the Corporation, voluntarily declare to be
effective.
4. FSC
will enter into separate written agreements with various firms to provide
certain of the services set forth in Paragraph 1 herein. FSC, in its sole
discretion, may pay Financial Institutions a periodic fee in respect of Shares
owned from time to time by their clients or customers. The schedules of such
fees and the basis upon which such fees will be paid shall be determined from
time to time by FSC in its sole discretion.
5. FSC
will prepare reports to the Board of Directors of the Corporation on a
quarterly basis showing amounts expended hereunder including amounts paid to
Financial Institutions and the purpose for such expenditures.
In
consideration of the mutual covenants set forth in the Distributor's Contract
dated July 17, 1996 between Federated Government Income Securities, Inc. and
Federated Securities Corp., Federated Government Income Securities, Inc.
executes and delivers this Exhibit on behalf of the Class A Shares, first set
forth in this Exhibit.
Witness
the due execution hereof this 1st day of
December, 2007.
FEDERATED
GOVERNMENT INCOME SECURITIES, INC.
By: /s/ J.
Xxxxxxxxxxx Xxxxxxx
Name: J.
Xxxxxxxxxxx Xxxxxxx
Title: President
FEDERATED
SECURITIES CORP.
By: /s/ Xxxxxx X.
Xxxxxx
Name: Xxxxxx
X. Xxxxxx
Title: President
Exhibit
is superseded by B Shares document - effective 10/24/97
Exhibit
C
to
the
Distributor's
Contract
Federated
Government Income Securities, Inc.
Class B
Shares
The
following provisions are hereby incorporated and made part of the Distributor's
Contract dated July 17, 1996, between Federated Government Income Securities,
Inc. and Federated Securities Corp. with respect to the Class of shares set
forth above.
1. The
Corporation hereby appoints FSC to engage in activities principally intended to
result in the sale of shares of the above-listed Class ("Shares"). Pursuant to
this appointment, FSC is authorized to select a group of financial institutions
("Financial Institutions") to sell Shares at the current offering price thereof
as described and set forth in the respective prospectuses of the
Corporation.
2. During
the term of this Agreement, the Corporation will pay FSC for services pursuant
to this Agreement, a monthly fee computed at the annual rate of 0.75% of the
average aggregate net asset value of the Shares held during the month. For
the month in which this Agreement becomes effective or terminates, there shall
be an appropriate proration of any fee payable on the basis of the number of
days that the Agreement is in effect during the month.
3. FSC
may from time-to-time and for such periods as it deems appropriate reduce its
compensation to the extent any Class' expenses exceed such lower expense
limitation as FSC may, by notice to the Corporation, voluntarily declare to be
effective.
4. FSC
will enter into separate written agreements with various firms to provide
certain of the services set forth in Paragraph 1 herein. FSC, in its sole
discretion, may pay Financial Institutions a periodic fee in respect of Shares
owned from time to time by their clients or customers. The schedules of such
fees and the basis upon which such fees will be paid shall be determined from
time to time by FSC in its sole discretion.
5. FSC
will prepare reports to the Board of Directors of the Corporation on a
quarterly basis showing amounts expended hereunder including amounts paid to
Financial Institutions and the purpose for such expenditures.
In
consideration of the mutual covenants set forth in the Distributor's Contract
dated July 17, 1996 between Federated Government Income Securities, Inc. and
Federated Securities Corp., Federated Government Income Securities, Inc.
executes and delivers this Exhibit on behalf of the Class B Shares, first set
forth in this Exhibit.
Witness
the due execution hereof this 17th day of July, 1996.
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ATTEST:
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FEDERATED
GOVERNMENT
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INCOME
SECURITIES, INC.
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/s/ Xxxx X. XxXxxxxxx
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By: /s/ Xxxxxxx X.
Xxxxxx
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Secretary
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President
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(SEAL)
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ATTEST:
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FEDERATED
SECURITIES CORP.
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/s/ Xxxxx X. Xxxxxx
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By: /s/ Xxxxxx X.
Xxxxxxxx
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Secretary
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Executive
Vice President
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(SEAL)
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Exhibit
D
to
the
Distributor's
Contract
FEDERATED
GOVERNMENT INCOME SECURITES, INC.
Class C
Shares
The
following provisions are hereby incorporated and made part of the Distributor's
Contract dated July 17, 1996, between Federated Government income Securities,
Inc. and Federated Securities Corp. with respect to the Class of shares set
forth above.
1. The
Corporation hereby appoints FSC to engage in activities principally intended to
result in the sale of shares of the above-listed Class ("Shares"). Pursuant to
this appointment, FSC is authorized to select a group of financial institutions
("Financial Institutions") to sell Shares at the current offering price thereof
as described and set forth in the respective prospectuses of the
Corporation.
2. During
the term of this Agreement, the Corporation will pay FSC for services pursuant
to this Agreement, a monthly fee computed at the annual rate of 0.75% of the
average aggregate net asset value of the Shares held during the month. For
the month in which this Agreement becomes effective or terminates, there shall
be an appropriate proration of any fee payable on the basis of the number of
days that the Agreement is in effect during the month.
3. FSC
may from time-to-time and for such periods as it deems appropriate reduce its
compensation to the extent any Class' expenses exceed such lower expense
limitation as FSC may, by notice to the Corporation, voluntarily declare to be
effective.
4. FSC
will enter into separate written agreements with various firms to provide
certain of the services set forth in Paragraph 1 herein. FSC, in its sole
discretion, may pay Financial Institutions a periodic fee in respect of Shares
owned from time to time by their clients or customers. The schedules of such
fees and the basis upon which such fees will be paid shall be determined from
time to time by FSC in its sole discretion.
5. FSC
will prepare reports to the Board of Directors of the Corporation on a
quarterly basis showing amounts expended hereunder including amounts paid to
Financial Institutions and the purpose for such expenditures.
In
consideration of the mutual covenants set forth in the Distributor's Contract
dated July 17, 1996 between Federated Government Income Securities, Inc. and
Federated Securities Corp., Federated Government Income Securities, Inc.
executes and delivers this Exhibit on behalf of the Class C Shares, first set
forth in this Exhibit.
Witness
the due execution hereof this 17th day of July, 1996.
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ATTEST:
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FEDERATED
GOVERNMENT
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INCOME
SECURITIES, INC.
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/s/ Xxxx X. XxXxxxxxx
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By: /s/ Xxxxxxx X.
Xxxxxx
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Secretary
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President
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(SEAL)
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||
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ATTEST:
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FEDERATED
SECURITIES CORP.
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/s/ Xxxxx X. Xxxxxx
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By: /s/ Xxxxxx X.
Xxxxxxxx
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Secretary
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Executive
Vice President
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(SEAL)
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Amendment
to
Distributor’s
Contract
between
Federated
Government Income Securities, Inc.
and
Federated
Securities Corp.
This Amendment to the Distributor’s
Contract (“Agreement”) dated July 17, 1996, between Federated Government Income
Securities, Inc. (“Fund”) and Federated Securities Corp. (“Service Provider”) is
made and entered into as of the 1st day of June, 2001.
WHEREAS, the Fund has entered into the
Agreement with the Service Provider;
WHEREAS, the Securities and Exchange
Commission has adopted Regulation S-P at 17 CFR Part 248 to protect the privacy
of individuals who obtain a financial product or service for personal, family or
household use;
WHEREAS,
Regulation S-P permits financial institutions, such as the Fund, to disclose
”nonpublic personal information” (“NPI”) of its “customers” and “consumers” (as
those terms are therein defined in Regulation S-P) to affiliated and
nonaffiliated third parties of the Fund, without giving such customers and
consumers the ability to opt out of such disclosure, for the limited purposes of
processing and servicing transactions (17 CFR § 248.14) (“Section 248.14 NPI”);
for specified law enforcement and miscellaneous purposes (17 CFR § 248.15)
(“Section 248.15 NPI”) ; and to service providers or in connection with joint
marketing arrangements (17 CFR § 248.13) (“Section 248.13 NPI”);
WHEREAS,
Regulation S-P provides that the right of a customer and consumer to opt out of
having his or her NPI disclosed pursuant to 17 CFR § 248.7 and 17 CFR § 248.10
does not apply when the NPI is disclosed to service providers or in connection
with joint marketing arrangements, provided the Fund and third party enter into
a contractual agreement that prohibits the third party from disclosing or using
the information other than to carry out the purposes for which the Fund
disclosed the information (17 CFR § 248.13);
NOW, THEREFORE, the parties intending
to be legally bound agree as follows:
1. The Fund
and the Service Provider hereby acknowledge that the Fund may disclose
shareholder NPI to the Service Provider as agent of the Fund and solely in
furtherance of fulfilling the Service Provider’s contractual obligations under
the Agreement in the ordinary course of business to support the Fund and its
shareholders.
2. The
Service Provider hereby agrees to be bound to use and redisclose such NPI only
for the limited purpose of fulfilling its duties and obligations under the
Agreement, for law enforcement and miscellaneous purposes as permitted in 17 CFR
§§ 248.15, or in connection with joint marketing arrangements that the Funds may
establish with the Service Provider in accordance with the limited exception set
forth in 17 CFR § 248.13.
3. The
Service Provider further represents and warrants that, in accordance with 17 CFR
§ 248.30, it has implemented, and will continue to carry out for the term of the
Agreement, policies and procedures reasonably designed to:
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·
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insure
the security and confidentiality of records and NPI of Fund
customers,
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·
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protect
against any anticipated threats or hazards to the security or integrity of
Fund customer records and NPI, and
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·
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protect
against unauthorized access to or use of such Fund customer records or NPI
that could result in substantial harm or inconvenience to any Fund
customer.
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4. The
Service Provider may redisclose Section 248.13 NPI only to: (a) the Funds and
affiliated persons of the Funds (“Fund Affiliates”); (b) affiliated persons of
the Service Provider (“Service Provider Affiliates”) (which in turn may disclose
or use the information only to the extent permitted under the original receipt);
(c) a third party not affiliated with the Service Provider of the Funds
(“Nonaffiliated Third Party”) under the service and processing (§248.14) or
miscellaneous (§248.15) exceptions, but only in the ordinary course of business
to carry out the activity covered by the exception under which the Service
Provider received the information in the first instance; and (d) a Nonaffiliated
Third Party under the service provider and joint marketing exception (§248.13),
provided the Service Provider enters into a written contract with the
Nonaffiliated Third Party that prohibits the Nonaffiliated Third Party from
disclosing or using the information other than to carry out the purposes for
which the Funds disclosed the information in the first instance.
5. The
Service Provider may redisclose Section 248.14 NPI and Section 248.15 NPI to:
(a) the Funds and Fund Affiliates; (b) Service Provider Affiliates (which in
turn may disclose the information to the same extent permitted under the
original receipt); and (c) a Nonaffiliated Third Party to whom the Funds might
lawfully have disclosed NPI directly.
6. The
Service Provider is obligated to maintain beyond the termination date of the
Agreement the confidentiality of any NPI it receives from the Fund in connection
with the Agreement or any joint marketing arrangement, and hereby agrees that
this Amendment shall survive such termination.
WITNESS
the due execution hereof this 1st day of June, 2001.
Federated
Government Income Securities, Inc.
By: /s/ Xxxxxxx X.
Xxxxxx
Name: Xxxxxxx
X. Xxxxxx
Title: President
Federated
Securities Corp.
By: /s/ Xxxxx X.
Xxxxxx
Name: Xxxxx
X. Xxxxxx
Title: Executive
Vice President
Amendment
to
Distributor’s
Contracts
between
the
Federated Funds
and
Federated
Securities Corp.
This
Amendment to the Distributor’s Contracts (each an “Agreement” and together, the
“Agreements”) between the Federated Funds listed on Exhibit A, (each a “Fund”
and collectively, the “Funds”) and Federated Securities Corp. (“Distributor”) is
made and entered into as of the 1st day of October,
2003.
WHEREAS, each Fund has entered into an
Agreement with the Distributor under and pursuant to which the Distributor is
the principal underwriter of the shares of the Fund;
WHEREAS, the Securities and Exchange
Commission and the United States Treasury Department (“Treasury Department”)
have adopted a series of rules and regulations arising out of the USA PATRIOT
Act (together with such rules and regulations, the “Applicable Law”),
specifically requiring certain financial institutions, including the Funds and
the Distributor, to establish a written anti-money laundering and customer
identification program (“Program”);
WHEREAS,
each of the Funds and the Distributor have established a Program and wish to
amend the Agreements to reflect the existence of such Programs and confirm the
allocation of responsibility for the performance of certain required
functions;
NOW, THEREFORE, the parties intending
to be legally bound agree and amend each Agreement as follows:
1. The Funds
and the Distributor each represent, warrant and certify that they have
established, and covenant that at all times during the existence of each
respective Agreement they will maintain, a Program in compliance with Applicable
Law.
2. The Funds
each represent and warrant that the Funds have entered into an amendment to the
agreement with the transfer agent of the Funds, pursuant to which the transfer
agent has agreed to perform all activities, including the establishment and
verification of customer identities as required by Applicable Law or its
Program, with respect to all customers on whose behalf Distributor maintains an
account with the Funds.
3. Distributor
covenants that it will enter into appropriate amendments to selling or other
agreements with financial institutions that establish and maintain accounts with
the Funds on behalf of their customers, pursuant to which such financial
institutions covenant to establish and maintain a Program with respect to those
customers in accordance with Applicable Law.
In all other respects, each Agreement
first referenced above shall remain in full force and effect.
WITNESS the due execution hereof as of
the 1st day of October, 2003.
FUNDS
By: /s/ Xxxx X.
XxXxxxxxx
Name: Xxxx
X. XxXxxxxxx
Title: Executive
Vice President
FEDERATED
SECURITIES CORP.
By: /s/ Xxxxx X.
Xxxx
Name: Xxxxx
X. Xxxx
Title: President
- Broker/Dealer
EXHIBIT
A
|
Funds
|
Distributor’s Contract
Date
|
|
Cash
Trust Series, Inc.
|
March
1, 1993
|
|
Cash
Trust Series II
|
January
25, 1991
|
|
Xxxxxx
Xxxxx Money Market Fund
|
April
1, 2001
|
|
Xxxxxx
Xxxxx Tax-Free Money Market Fund
|
March
1, 2001
|
|
Federated
Adjustable Rate Securities Fund
|
April
24, 1992
|
|
Federated
American Leaders Fund, Inc.
|
March
1, 1993
|
|
Federated
Equity Funds
|
June
1, 1995
|
|
Federated
Equity Income Fund, Inc.
|
March
1, 1993
|
|
Federated
Fixed Income Securities Fund, Inc.
|
December
24, 1991
|
|
Federated
GNMA Trust
|
May
29, 1992
|
|
Federated
Government Income Securities, Inc.
|
July
17, 1996
|
|
Federated
High Income Bond Fund, Inc.
|
March
1, 1993
|
|
Federated
High Yield Trust
|
August
1, 1989
|
|
Federated
Income Securities Trust
|
December
31, 1991
|
|
Federated
Income Trust
|
June
1, 1992
|
|
Federated
Index Trust
|
September
3, 1991
|
|
Federated
Institutional Trust
|
September
1, 1994
|
|
Federated
Insurance Series
|
December
1, 1993
|
|
Federated
International Series, Inc.
|
February
11, 1991
|
|
Federated
Investment Series Funds, Inc.
|
June
22, 1992
|
|
Federated
Limited Duration Government Fund, Inc.
|
July
22, 1991
|
|
Federated
Managed Allocation Portfolios
|
December
1, 1993
|
|
Federated
Municipal Opportunities Fund, Inc.
|
July
17, 1996
|
|
Federated
Municipal Securities Fund, Inc.
|
March
1, 1993
|
|
Federated
Municipal Securities Income Trust
|
September
9, 1991
|
|
Federated
Short-Term Municipal Trust
|
June
1, 1993
|
|
Federated
Stock and Bond Fund, Inc.
|
March
1, 1993
|
|
Federated
Stock Trust
|
August
1, 1989
|
|
Federated
Total Return Government Bond Fund
|
September
1, 1995
|
|
Federated
Total Return Series, Inc.
|
December
1, 1993
|
|
Federated
U.S. Government Bond Fund
|
August
1, 1989
|
|
Federated
U.S. Government Securities Fund: 1-3 Years
|
May
29, 1992
|
|
Federated
U.S. Government Securities Fund: 2-5 Years
|
May
29, 1992
|
|
Federated
World Investment Series, Inc.
|
March
1, 1994
|
|
Intermediate
Municipal Trust
|
June
1, 1993
|
|
Money
Market Obligations Trust
|
March
1,
1994
|
