March 25, 1998
Bull & Bear Global Income Fund
00 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
ATTN: Xx. Xxxxxx Xxxxxxx
President
RE: Contract Agreement
Dear Xx. Xxxxxxx:
This agreement will confirm that Corporate Investor Communications,
Inc. has been retained to act as information agent in connection with the
upcoming rights offer to the shareholders of Bull & Bear Global Income
Fund. As information agent, CIC will conduct a broker/nominee inquiry to
ascertain the number of beneficial owners, provide for the distribution of
the offering documents to the reorganization departments of each
institution and forward additional materials as requested. CIC will
respond to the volume of shareholder inquiries regarding the terms of the
offer and proper execution of the documents and will monitor the response
rate for the duration of the offer. CIC can, if requested, pro-actively
contact registered shareholders and non-objecting beneficial owners (NOBOs)
to help promote a higher level of participation.
Our fee to act as information agent based on the distribution of
offering documents and the duration of the offer will be $3,500. Our fees
for contacting NOBOs and registered holders, if requested, will include a
unit fee of $3.00 per holder contacted, a $300 set-up fee and out-of-pocket
expenses related to telephone number lookups. CIC will be reimbursed for
all reasonable out-of-pocket disbursements including postage, telephone and
courier charges, data transmissions and other expenses approved by your
company. A retainer of $3,500 is required to cover initial expenses and
will be credited to your final service charges. The retainer must be
received prior to the mailing of materials.
The company above hereby agrees to indemnify Corporate Investor
Communications, Inc.'s officers and employees against any and all losses,
claims and expenses incurred by CIC in conjunction with the services
provided except to the extent any such loss, claim or expense is the result
of the negligence of any CIC officer or employee. Reimbursement will be
made to indemnified persons at the time such loss, claim or expense is
incurred. The company shall not be responsible for any losses, claims and
expenses incurred by CIC which result from CIC's gross negligence or
willful misconduct.
Please forward an executed agreement to our office and retain the
other copy.
BULL & BEAR GLOBAL INCOME FUND, INC.
Signed: _______________________________
Name:
Title:
Date:
CORPORATE INVESTOR COMMUNICATIONS, INC.
Signed: ________________________________
Name: Xxxx X Xxxxxxxx
Title: Vice President
Date: March 25, 1998
