LIBERTY-▇▇▇▇▇ ▇▇▇ FUNDS INVESMENT TRUST
Assumption And Release Agreement
AGREEMENT, made as of December 31, 2000, among LIBERTY-▇▇▇▇▇ ▇▇▇ FUNDS
INVESTMENT TRUST, a business trust organized under the laws of The Commonwealth
of Massachusetts (the "Trust"), ▇▇▇▇▇ ▇▇▇ & ▇▇▇▇▇▇▇ INCORPORATED, a Delaware
corporation ("Old SRF"), ▇▇▇▇▇ ▇▇▇ HOLDINGS LIMITED, a Delaware corporation
("▇▇▇▇▇ ▇▇▇ Holdings"), and NEWPORT PACIFIC MANAGEMENT, INC., a California
corporation ("Newport").
WHEREAS, Old SRF provides various services to various series of the
Trust pursuant to the agreements listed on Appendix I;
WHEREAS, in connection with a reorganization of its subsidiaries,
Liberty Financial Companies, Inc., the indirect parent of both Old SRF and ▇▇▇▇▇
▇▇▇ Holdings, has created ▇▇▇▇▇ ▇▇▇ Holdings to succeed to the business of Old
SRF, which will be merged out of existence in the reorganization;
WHEREAS, upon the above mentioned merger, ▇▇▇▇▇ ▇▇▇ Holdings will be
renamed "▇▇▇▇▇ ▇▇▇ & ▇▇▇▇▇▇▇ Incorporated" ("New SRF"); and
WHEREAS, the parties desire that New SRF assume the obligations and
benefits of Old SRF under each agreement listed on Appendix I.
NOW, THEREFORE, in consideration of the mutual covenants and agreements
of the parties hereto as herein set forth, the parties covenant and agree as
follows:
That, from and after the close of business on the date hereof, (i) New
SRF shall become a party to each agreement listed on Appendix I in place and
stead of Old SRF, and (ii) Old SRF shall be released from its obligations under
each agreement listed on Appendix I for all periods following the date of this
Agreement.
IN WITNESS WHEREOF, the parties hereto, intending to be legally bound
hereby, have executed and delivered this Agreement as of the date first written
above.
LIBERTY-▇▇▇▇▇ ▇▇▇ FUNDS INVESTMENT TRUST
By:
/s/▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: President
▇▇▇▇▇ ▇▇▇ & FARNHAM INCORPORATED
By:
/s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Executive Vice President
▇▇▇▇▇ ▇▇▇ HOLDINGS LIMITED
By:
/s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Executive Vice President
NEWPORT PACIFIC MANAGEMENT, INC.
By:
/s/▇▇▇▇▇ ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Chief Operating Officer
Appendix I
Liberty-▇▇▇▇▇ ▇▇▇ Funds Investment Trust
List of Agreements with ▇▇▇▇▇ ▇▇▇ & ▇▇▇▇▇▇▇ Incorporated
1. Management Agreement between Liberty-▇▇▇▇▇ ▇▇▇ Funds Investment Trust
and ▇▇▇▇▇ ▇▇▇ & ▇▇▇▇▇▇▇ Incorporated, dated August 15, 1995 (as
amended).
2. Administrative Agreement between Liberty-▇▇▇▇▇ ▇▇▇ Funds Investment
Trust and ▇▇▇▇▇ ▇▇▇ & ▇▇▇▇▇▇▇ Incorporated, dated August 15, 1995 (as
amended).
3. Amended and Restated Accounting and Bookkeeping Agreement between
Liberty-▇▇▇▇▇ ▇▇▇ Funds Investment Trust and ▇▇▇▇▇ ▇▇▇ & ▇▇▇▇▇▇▇
Incorporated, dated August 3, 1999 (as amended).
4. Sub-Advisory Agreement among Liberty-▇▇▇▇▇ ▇▇▇ Funds Investment Trust,
with respect to ▇▇▇▇▇ ▇▇▇ Asia Pacific Fund, ▇▇▇▇▇ ▇▇▇ & Farnham
Incorporated, and Newport Pacific Management, Inc., dated August 3,
1999 (as amended).
