March 20, 2007Hawaiian Electric Industries Inc • March 28th, 2007 • Electric services
This letter will confirm the terms and conditions of a trust agreement pursuant to which you have agreed to continue to act as Trustee for the Hawaiian Electric Industries, Inc. (“HEI”) Dividend Reinvestment and Stock Purchase Plan (“the Plan”). You have previously acted in that capacity as successor to Bank of Hawaii (a successor by merger to Hawaiian Trust Company, Limited) under the operative terms of the trust agreement embodied in that certain letter from HEI to Hawaiian Trust Company dated October 6, 1989. This letter agreement maintains the substance of the trust agreement currently in effect but amends in certain respects, updates and restates the trust agreement.
