EXHIBIT 4(bbbbb)
AMENDMENT NO. 1 TO
DISTRIBUTION AGREEMENT
Amendment No.1, dated January ___, 1998 (the "Amendment"), to the
Distribution Agreement, dated October 4, 1993 (the "Distribution Agreement"), by
and between Xxxxxxx Xxxxx & Co., a Delaware corporation (the "Company") and
Xxxxxxx Xxxxx & Co., Inc., Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated
(the "Agent").
WHEREAS, the Company and the Agent desire to amend the Distribution
Agreement to provide for a revised commission schedule.
NOW THEREFORE, the parties hereto agree as follows:
1. Capitalized terms used herein that are not otherwise defined herein
have the meanings ascribed thereto in the Distribution Agreement.
2. Schedule A to the Distribution Agreement shall be deleted and replaced
in its entirety by Schedule A hereto. Henceforth, all references to Schedule A
in the Distribution Agreement shall be deemed to Schedule A, as so amended.
3. Except as amended above, the Distribution Agreement shall continue in
full force and effect.
IN WITNESS WHEREOF, the parties to this Amendment have executed this
Amendment as of the date first written above.
XXXXXXX XXXXX & CO., INC.
By:_____________________________________
Name:
Title:
XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX
INCORPORATED
By:_____________________________________
Name:
Title:
SCHEDULE A
As compensation for the services of the Agent hereunder, the Company shall
pay it on a discount basis, a commission for the sale of each Note equal to the
principal amount of such Note multiplied by the appropriate percentage set forth
below:
PERCENT OF
MATURITY RANGES PRINCIPAL AMOUNT
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From 9 months to less than 1 year.... .050%
From 1 year to less than 18 months... .075
From 18 months to less than 2 years.. .125
From 2 years to less than 3 years.... .175
From 3 years to less than 4 years.... .250
From 4 years to less than 5 years.... .300
From 5 years to less than 6 years.... .350
From 6 years to less than 7 years.... .375
From 7 years to less than 8 years.... .400
From 8 years to less than 9 years.... .425
From 9 years to less than 10 years... .450
From 10 years to less than 15 years.. .475
From 15 years to less than 20 years.. .550
From 20 years to 30 years............ .600
Beyond 30 years...................... *
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* To be negotiated by the Company and the Agent at the time of sale.
