Document:

Exhibit 10.29

2005 Form 10-K Exhibits for Printer

 

Compensation
Arrangements for Non-Employee Directors

 

Revised Compensation Structure.   On February 21, 2006, the
Governance Committee of the Board approved a revised compensation structure for
non-employee directors effective as of January 1, 2006.  The changes
in directors’ compensation are to increase the annual Board retainer from
$35,000 to $40,000, and to increase the annual Board Committee chair retainers
from $5,000 to $7,500. Retainer fees are payable quarterly in arrears.

 

The other elements of non-employee directors’
compensation structure are summarized as follows:

 

•                  The meeting fees for board and committee
meetings are $1,500 per meeting.

 

•                  Annual grant at the conclusion of the annual
shareholders meeting 3,000 deferred shares of Company common stock with
restrictions that lapse upon the earlier of the first anniversary of grant, the
director’s death, disability, retirement or a change in control of the Company.
Directors were previously granted 7,000 stock options per year.

 

•                  New directors receive a one-time grant of
4,000 deferred shares of Company common stock upon their election to the Board,
to assist in attracting and retaining qualified new directors. All directors
serving at the conclusion of the first Board meeting in 2005 received a
one-time grant of 4,000 deferred shares of Company common stock. The
restrictions will lapse upon the earlier of the third anniversary of grant, the
director’s death, disability, retirement or a change in control of the Company,
as such terms are defined in the 2000 Stock Incentive Plan.

 

Amendments to 2000 Stock Incentive
Plan.   On
October 28, 2004 and November 1, 2004, respectively, the Compensation
Committee and the Governance Committee of the Board approved amendments to the
Equifax Inc. 2000 Stock Incentive Plan (the “2000 Plan”) to permit the issuance
of deferred shares of Company common stock to non-employee directors of the
Company as part of its overall stock compensation plan for directors.

 

Expense Reimbursement.   Directors are also entitled to
reimbursement of reasonable travel expenses associated with Board and Committee
meetings as well as costs and expenses incurred in attending director education
programs and other Company-related seminars and conferences.

 

Stock Ownership Guidelines for
Directors.  
On November 1, 2004, the Governance Committee of the Board approved
guidelines that require non-employee directors to own Company stock having a
value of at least four times the annual cash retainer (currently $140,000).
These guidelines are to be achieved by the fourth anniversary of the director’s
initial election to the Board.Exhibit 10.34

 

AMENDED AND
RESTATED TRUST 3000 SERVICE AGREEMENT

 

SEI
Investments Company (formerly SEI Corporation) (“SEIIC”), a
Pennsylvania corporation, currently having its principal place of business at
One Freedom Valley Drive, Oaks, Pennsylvania 19456 and Investors Bank & Trust Company (“Customer”),
a Massachusetts corporation having its principal place of business at 200
Clarendon Street, Boston, Massachusetts 02110, entered into a certain Trust
3000 Service Agreement, dated the 1ST day of July, 1991 (as amended
to date, most recently on November 21, 2003, the “Original Agreement”),
pursuant to which, among other things, SEIIC agreed to provide certain trust
processing and reporting services for Customer and its customers through the
TRUST 3000 System.

 

SEIIC previously assigned to SEI Global
Services, Inc. (“SEI”) all of SEIIC’s rights and obligations under the
Original Agreement (such assignment did not relieve SEIIC from any of such
obligations).

 

SEI and Customer (collectively the “Parties”,
individually, a “Party”) now desire to amend and restate the Original Agreement
in its entirety effective as of July 1, 2004 (the “Designated Date”).  However, notwithstanding such amendment and
restatement, the provisions of the Original Agreement shall continue to govern
the respective rights and obligations of the SEIIC and Customer that arose or
accrued prior to the Designated Date; and the provisions of this Agreement
shall govern the respective rights and obligations of the Parties that arise
and accrue from and after the Designated Date.

 

  NOW
THEREFORE, in consideration of the premises, and the covenants, representations
and warranties contained herein, and intending to be legally bound hereby, SEI
and Customer agree as follows:

 

SECTION 1. 
SERVICES PROVIDED AND EQUIPMENT SPECIFICATION 

 

1.01. TRUST 3000 Service. Subject to the terms
and conditions of this Agreement, SEI agrees to provide Customer and Customer
agrees to purchase the use of the TRUST 3000 Service for its trust department
and custody department accounts existing on the date hereof and for future
trust department and custody department accounts to the extent permitted by Section 4.01.
As used herein, TRUST 3000 Service shall mean the products and services offered
by SEI and purchased by Customer hereunder, for managing and processing trust
accounts of financial institutions, as specified in Exhibit A attached hereto and as described in the User
Manuals for the functions specified on such Exhibit, some of which products and
services are currently provided through the operation of SEI’s TRUST 3000
System.  The SEI Trust 3000 System means
the proprietary computer systems and components utilized by SEI from time to
time to provide certain of the SEI Trust 3000 Service hereunder.  SEI shall provide the TRUST 3000 Service in
accordance with the Performance Standards set forth

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

in Exhibit B except as otherwise provided in this Agreement.

 

If Customer requires applications or
processing outside of the levels specified, SEI shall make reasonable efforts
to provide such processing service upon agreement by SEI and Customer of the
additional fees due for such increased levels, such fees not to exceed SEI’s
prevailing rates  for such services,
which shall not exceed the fees generally charged by SEI to similarly situated
customers, determined by relative size (based on number of accounts on the
Trust 3000 System) and usage of the Trust3000 Service.

 

It is understood and agreed that SEI shall have the
right to engage other persons or entities to provide any portion of the
Trust3000 Service.  Customer understands
and agrees that SEI has sole responsibility and liability, subject to the
limitations of liability set forth in this Agreement, for furnishing the Trust
3000 Service, and agrees that Customer shall look solely to SEI for the
provision of the Trust 3000 Service; and that persons or entities providing any
of the Trust 3000 Service, whether as supplier agent or subcontractor, shall
have no liability to Customer for Trust3000 Service.

 

1.02. Equipment. Customer shall be responsible
for obtaining and maintaining network-compatible terminal, print and
telecommunication equipment for use in conjunction with the TRUST 3000 Service.

 

1.03 License Grant to the Trust 3000 System.
SEI hereby grants to Customer during the Term of this Agreement a
non-exclusive, personal and limited license to use the Trust 3000 System solely
in connection with the accounts as contemplated by this Agreement.  Customer shall not sublicense, assign, lease,
distribute, or otherwise transfer the Trust 3000 System or Customer’s right to
use the Trust 3000 System to any other person or entity.

 

SECTION 2. TERM OF AGREEMENT

 

 2.01. Basic
Term.  The Basic Term of this
Agreement shall begin as of the Designated Date and shall conclude on December 31,
2009.  Thereafter, the Agreement shall
automatically renew as provided in Section 2.02 of the Agreement.  As of the Designated Date, this Agreement
amends and restates the Original Agreement in its entirety and supersedes the
Original Agreement, in all respects, notwithstanding any provisions to the
contrary.

 

2.02. Renewal Term. This Agreement shall
automatically remain in full force and effect for a three (3) year Renewal
Term, and for three (3) year Renewal Terms thereafter, unless terminated
as provided in Section 2.03 of the Agreement.

 

2.03. Termination. Customer or SEI may elect to
terminate this Agreement on the last day of the Basic Term or any Renewal Term
by notifying the other Party hereto in writing, not less than one hundred and
eighty (180) calendar days prior to the expiration date.

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

2.04. Early Termination.

 

(A) Early Termination During the
Basic Term/Renewal Term – Notice and Buyout Amount to be Paid.  In the event Customer desires to terminate
this Agreement at any time during the Basic Term or any Renewal Term, Customer
may terminate this Agreement provided:  (1) Customer
is not in material breach of this Agreement at the time such notice of
termination is given; (2) Customer gives SEI no less than [/*/
CONFIDENTIAL TREATMENT REQUESTED] calendar days prior written notice of such
termination (such notice may be referred to as the “Termination Notice”); and (3) Customer
pays the Buyout Amount defined below, at the time such Termination Notice is
given.  In addition, Customer agrees to
pay all other amounts set forth in Section 9.01.2. The “Buyout Amount”
means the dollar amount achieved through the calculations set forth in (1) through
(5) below:

 

(1)          the Minimum Monthly TRUST 3000 Core Fee in effect at the time
the Termination Notice is given, plus

 

(2) all other monthly
Subsystem fees in effect at the time the Termination Notice is given; the sum
of (1) and (2) shall be multiplied by

 

(3) the number of
months remaining on the Basic Term or the Renewal Term, as applicable; the
product of such multiplication shall be present value discounted (“PVD”) by the
amount set forth in (4) below;

 

(4) the PVD shall equal
the time value of money for the period of time commencing when Customer pays
the Buyout Amount, continuing until the end of the Basic Term or Renewal Term,
as applicable, (without taking into consideration any additional Renewal Terms
of this Agreement), at an interest rate equal to the short term Fed Funds rate
in effect, in the Wall Street Journal, on the date such Termination Notice is
given.

 

(5) Finally, the amount
determined under paragraph (4) shall be multiplied by the applicable
percentage (“Applicable Percentage”) as follows:

 

If
the date of the Termination Notice is prior to December 31, 2006, the
Applicable Percentage shall be [/*/ CONFIDENTIAL TREATMENT REQUESTED];

 

If
the date of the Termination Notice is between January 1, 2007  and December 31, 2008, the Applicable
Percentage shall be [/*/ CONFIDENTIAL TREATMENT REQUESTED]; and

 

If
the date of the Termination Notice is after December 31, 2008 (including
during any Renewal Term), the Applicable Percentage shall be [/*/ CONFIDENTIAL
TREATMENT REQUESTED].

 

An
example of the calculation of the Buyout Amount is provided below:

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

Notwithstanding
anything in this Agreement to the contrary, Customer may terminate certain
Subsystems (as specifically identified in Exhibit A)
without terminating the Agreement and without payment of any early termination
fee or Buyout Amount.

 

Payment
of the Buyout Amount, and the other amounts specified in Section 9.01.2,
shall be SEI’s sole and exclusive remuneration in connection with Customer’s
exercise of Customer’s termination of the Agreement under this Section 2.04.  The foregoing is not intended to limit any
rights or remedies that SEI may have for enforcement of Customer’s obligations
hereunder.

 

(B) Payment of Buyout Amount if Customer Continues TRUST 3000
System Retrieval. Notwithstanding anything contained to the contrary in Section (A) above,
in the event Customer terminates this Agreement as provided in Section (A) above,
but Customer desires to continue to use the TRUST 3000 System for retrieval
purposes for a period of time which is equal to, or less than, [/*/
CONFIDENTIAL TREATMENT REQUESTED] from the effective date of termination,
Customer may pay the Buyout Amount as calculated in Section (A) above,
in monthly installments.  The monthly
installments will commence on the effective date of termination, and continue
for each month Customer uses the TRUST 3000 System for retrieval purposes. Each
installment shall equal the Buyout Amount divided by the number of months which
Customer desires to continue to use the TRUST 3000 System for retrieval. In no
event shall the Buyout Amount be prorated for a period of time greater than
[/*/ CONFIDENTIAL TREATMENT REQUESTED] from the effective date of termination.

 

2.05. Other Grounds for Termination.
In addition to termination rights specified above, the Parties shall have the
right to terminate this Agreement as specified below:

 

(A) Termination for Insolvency. A Party
may terminate this Agreement if the other Party (a) files a voluntary
petition in bankruptcy (b) becomes, the subject of any involuntary
petition in bankruptcy or proceedings related to its liquidation, insolvency,
or the appointment of a receiver or similar officer for it, which proceedings,
if involuntary, are not dismissed within ninety (90) calendar days.

 

(B) Termination for Cause.

 

1)              In the event
SEI fails to achieve the Performance Standards set forth in Exhibit B for [/*/ CONFIDENTIAL
TREATMENT REQUESTED] consecutive months or [/*/ CONFIDENTIAL TREATMENT
REQUESTED] months (non-consecutive) in any [/*/ CONFIDENTIAL TREATMENT
REQUESTED] month period, Customer shall have the right to terminate the
Agreement provided that Customer shall have given notice to SEI of its failure

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

to
comply with the Performance Standards within thirty (30) calendar days after
any month for which the Performance Standards are not achieved.

 

2)              Customer shall
have the right to terminate the Agreement in the event that the SEI data center
is inoperative and SEI is unable to provide the Trust 3000 Service for [/*/
CONFIDENTIAL TREATMENT REQUESTED] consecutive hours during any consecutive
business days other than due to an event or circumstance subject to Section 10.05
of this Agreement; provided, however, that SEI will be deemed to be providing
the Trust 3000 Service for purposes hereof if 
it has implemented its then current SEI Disaster Recovery Plan (the
current version (as of the Designated Date) is attached as Exhibit D) in accordance with its
terms.  The foregoing shall not be
intended to limit or otherwise affect SEI’s obligation to provide normal
recovery procedures or any other disaster recovery services as described SEI’s
Disaster Recovery Plan.

 

3)              Either SEI or
Customer may terminate this Agreement if a Default of the other Party is not
cured during the applicable cure period set forth below in this Section 2.05
(B)(3). “Default” shall mean a breach by a Party (the “Breaching Party”) which
results in the other Party experiencing a substantial deprivation of the
benefit of this Agreement, provided that such breach, if curable, is: (i) not
cured by the Breaching Party within thirty (30) calendar days after the
Breaching Party has received written notice of such material breach; or (ii) if
the material breach is one that could not reasonably be cured within thirty
(30) calendar days; (y) the failure by the Breaching Party to adopt, within
thirty (30) calendar days after receiving notice of such breach, a plan to cure
such breach within a time period not longer than sixty (60) calendar days after
receipt of such notice of the breach, or (z) the failure by the Breaching Party
to cure such breach within such sixty (60) calendar day period. The provisions
of this Section 2.05 (B)(3)are not intended to limit Customer’s right to
dispute any Fees in accordance with Section 3.03 of this Agreement.

 

4)              Exercise of Section 2.05
Termination. In order to exercise its right of termination
under this Section 2.05 (hereinafter a “Section 2.05 Termination”),
the terminating Party must, within 60 calendar days after the date that such
Party first became aware or reasonably should have become aware of its right of
termination under this Section 2.05, provide the other Party with written
notice (a “Section 2.05 Notice”) specifying the scheduled date on which
the termination of this Agreement is to occur, which date shall not be less
than one hundred eighty (180) calendar days after the date of the Section 2.05
Notice nor more than one (1) year after the date of the Section 2.05
Notice; and the terminating Party must not be in material breach of this
Agreement at the time it provides such Section 2.05 Notice.

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

If
Customer terminates this Agreement under Section 2.05(B) Customer
shall have no obligation to pay SEI the Buyout Amount, but Customer shall be
obligated to pay the other amounts specified in Section 9.01.2.  If SEI terminates this Agreement under Section 2.05(B) Customer
shall have to pay SEI the Buyout Amount and the other amounts specified in Section 9.01.2.

 

SECTION 3. 
PAYMENT OF FEES AND OTHER EXPENSES

 

3.01. Fees. Customer agrees to pay to SEI the
fees specified in Exhibit A,
as such fees may be adjusted from time to time hereunder pursuant to this
Agreement (collectively, the “Fees”). Upon Customer’s request, SEI will provide
Customer with reasonable back-up support for the invoices.

 

3.02. Terms. Customer agrees to pay SEI the
Fees in advance for each month commencing on the first day of the Basic Term
(except that activity based fees will be billed in arrears), each such payment
to be due thirty (30) calendar days after the date of Customer’s receipt of the
invoice.  Customer agrees to pay interest
on all amounts past due at the rate of one percent (1%) per month, if such rate
is permitted by law, or otherwise at the highest rate permitted by law,
provided, however, that no interest will be due on amounts disputed by Customer
in good faith and on reasonable grounds.

 

3.03. Disputed Amounts. In the event Customer
in good faith disputes all or any portion of any SEI invoice, Customer shall
promptly notify SEI thereof and shall include in such written notice the amount
that Customer so disputes and its reason for such dispute. Customer shall also
pay that portion of any such invoice that it does not dispute and shall do so
within thirty (30) calendar days after receipt of invoice.  Upon receipt of Customer’s dispute notice,
SEI and Customer will work together in good faith to resolve such dispute in a
prompt and mutually acceptable manner. 
Customer will pay any disputed amounts no later than thirty (30)
calendar days after the dispute relative to such amounts have been resolved.

 

3.04. Taxes. 
Customer agrees to pay all state and local sales, use, property or other
taxes (except for any personal property taxes on property SEI’s owns or leases,
for franchise and privilege taxes on SEI’s business, gross receipts taxes to
which SEI is subject, and for income taxes based on SEI’s income), which may be
accessed against SEI or Customer or Customer’s customers with respect
specifically to this Agreement, the Trust 3000 Service or any equipment
provided by SEI hereunder.  At its
option, SEI may include such taxes in its invoices in which event Customer
shall pay to SEI the taxes so invoiced.

 

3.05. Adjustment of Fees. At any time after December 31,
2004, SEI may increase the Fees set forth in Exhibit A hereto, provided
that SEI provides Customer no less than sixty (60) calendar days advance
written notice of such increase (“Fee Increase Notification”), in an amount not
to exceed the lesser of: (i) [/*/ CONFIDENTIAL TREATMENT REQUESTED]
percent ([/*/ CONFIDENTIAL TREATMENT

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

REQUESTED]%); or (ii) the percentage increase in the CPI
since the Designated Date, with respect to the first increase, and since the
date of the last increase, with respect to the second and any subsequent
increases (the “CPI Percentage Increase”); provided, however, in the event the
CPI Percentage Increase is greater than [/*/ CONFIDENTIAL TREATMENT REQUESTED]
percent ([/*/ CONFIDENTIAL TREATMENT REQUESTED]%), the amount of the excess of
the CPI Percentage Increase over [/*/ CONFIDENTIAL TREATMENT REQUESTED] percent
([/*/ CONFIDENTIAL TREATMENT REQUESTED]%) may be applied to increase the fees
payable hereunder in any subsequent year to the extent the CPI Percentage
Increase in such year is less than [/*/ CONFIDENTIAL TREATMENT REQUESTED]
percent ([/*/ CONFIDENTIAL TREATMENT REQUESTED]%).  In no event shall there be more than one
increase in any [/*/ CONFIDENTIAL TREATMENT REQUESTED] period.  As used herein, the term “CPI” means the
Unadjusted Consumer Price Index, as published in the Summary Data from the
Consumer Price Index News Release by the Bureau of Labor Statistics, U.S.
Department of Labor, For All Urban Consumers (CPI-U).  In the event the Bureau of Labor Statistics
stops publishing the CPI or substantially changes its content and format,
Customer and SEI will substitute another comparable index published at least
annually by a mutually agreeable source.

 

Notwithstanding the foregoing, SEI will not increase
the Fees, as set forth above, during the period from [/*/ CONFIDENTIAL
TREATMENT REQUESTED] through [/*/ CONFIDENTIAL TREATMENT REQUESTED].  However, during this period, SEI may send out
a Fee Increase Notification that may provide for an increase in the Fees which
will take effect after [/*/ CONFIDENTIAL TREATMENT REQUESTED].  Further, with respect to the first adjustment
effective after [/*/ CONFIDENTIAL TREATMENT REQUESTED], such adjustment shall
not exceed the lesser of: (i) [/*/ CONFIDENTIAL TREATMENT REQUESTED]
percent ([/*/ CONFIDENTIAL TREATMENT REQUESTED]%); or (ii) the percentage
increase in the CPI since [/*/ CONFIDENTIAL TREATMENT REQUESTED].

 

Notwithstanding the above, SEI may at any time upon
no less than sixty (60) calendar days written notice increase the Fees
applicable to telecommunication services and other Third Party Services
indicated on Exhibit A
attached hereto provided, however,
that (1) such increases shall not exceed the corresponding percentage fee
increase to SEI from the applicable Third Party Vendors; and (2) Customer
will be permitted to terminate a Third Party Service, without payment of any
early termination fees related to such terminated Third Party Service(s) , if
the increase for such Third Party Service exceeds [/*/ CONFIDENTIAL TREATMENT
REQUESTED] percent ([/*/ CONFIDENTIAL TREATMENT REQUESTED]%) in any calendar
year.  In order to so terminate a Third
Party Service, Customer must provide written notice to SEI of its intent to
terminate the applicable Third Party Service within ninety (90) calendar days
after receiving notice of the Third Party Service price increase from SEI that
caused the increase to exceed such [/*/ CONFIDENTIAL TREATMENT REQUESTED]%
threshold.

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

3.06. Renegotiation of Fees upon Significant Loss
of Trust Accounts. In the event during the term of this Agreement, Customer’s
trust accounts shall decline in an amount equal to or greater than [/*/
CONFIDENTIAL TREATMENT REQUESTED] percent ([/*/ CONFIDENTIAL TREATMENT
REQUESTED]%) less than those trust accounts levels existing as of the
Designated Date, and providing such decline in accounts is not due to a sale or
other transfer of accounts, then in such event, upon written request of
Customer, SEI agrees to discuss in good faith with Customer an adjustment of
the Fees payable pursuant to Exhibit A attached
hereto.  It is understood that such
discussion shall not be intended as an obligation for SEI to reduce the Fees
(and that any such reduction in accounts could actually result in the increase
in certain Fees and the decrease of other Fees), but rather an obligation to
engage in good faith discussions.  In no
event shall SEI have any to engage in any such negotiations more than one (1) time
during the term of this Agreement.  The
foregoing shall not be construed to permit Customer to circumvent or reduce
Customer’s obligations with respect to a Termination for Convenience.

 

SECTION 4. 
COVENANTS OF CUSTOMER 

 

4.01
Limitations on Use of TRUST 3000 Service.

 

4.01.01            Customer agrees
that it shall not permit the Trust 3000 Service to be used by or for any person
or entity, or for the accounts of any person or entity, except for Customer,
its Affiliates (domiciled in the United States or Canada only) or custody
clients of Customer (domiciled in the United States or Canada) (collectively,
the Affiliates and custody clients of Customer may be referred to as “Customer
Customers”).  In connection with its
receipt of Services, each of the Customer Customers shall observe and comply
with, and Customer shall be responsible for such observance and compliance, all
of the applicable provisions of this Agreement to be observed and performed by
Customer in connection with the receipt of services hereunder (other than the obligation
to pay Fees and indemnification obligations, which shall remain the obligations
of Customer), and each of Customer Customers shall be deemed to have accepted
this obligation by its receipt of services hereunder.

 

4.01.02            In the event
that Customer or any Customer Customers acquire additional accounts, as a
result of a merger, stock acquisition, purchase or other transaction, Customer
may use the Trust 3000 Service for such acquired accounts, further provided
such acquired accounts have substantially similar processing characteristics as
the accounts being processed under this Agreement at the time of such
acquisition and that such acquired accounts will be processed on the same
database as Customer’s

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

other
Accounts, it being understood that to the extent that conversion services are
required to be performed by SEI, Customer shall pay SEI for such services. If
such acquired accounts do not have substantially similar processing
characteristics as the accounts being processed under this Agreement at the
time of such acquisition, Customer and/or Customer Customers may use the Trust
3000 Service in connection with such accounts; provided, however, appropriate
adjustments are made to the provisions of this Agreement, to reflect, among
other things, the conversion of such acquired accounts to the TRUST 3000
System, the conversion fee associated with the conversion of such accounts, and
any significant differences between the processing characteristics of such
acquired accounts and the previously existing Accounts.  “Affiliate” is any company which controls, is
controlled by, or under common control with, a Party, and “control” is defined
as owning 50% or more of such entity. 
The parties agree to discuss in good faith and make mutually agreed upon
modifications to the Performance Standards to reflect any adverse impact to the
Performance Standards caused, or anticipated to be caused, by the addition of
such acquired accounts.

 

4.02. Customer represents and warrants to SEIIC and
SEI that after reasonable inquiry, it (i) is not aware of any default by
either SEIIC or Customer of any the terms, conditions or provisions of the
Original Agreement and (ii) has no claim against SEIIC and SEI under the
Original Agreement.

 

4.03. INTENTIONALLY OMITTED

 

4.04. INTENTIONALLY OMITTED

 

4.05. Limitation of Use of Materials. Customer
shall not copy or reproduce or furnish to others, in any manner, any manuals,
user documentation or other materials provided by SEI to Customer under this
Agreement except for copies made by Customer solely for its internal use and
the use by Customer’s Customers to the extent permitted by Section 4.01.

 

4.06. Customer Data.  Customer shall be solely responsible for the
accuracy and completeness of any data or other information provided by or on
behalf of Customer to SEI pursuant to this Agreement, and for the correctness
of the format in which the data or other information is presented.

 

4.07. Copyright Notices.  Customer agrees to preserve any copyright and
trade secret notices of SEI on materials where such notices appear.

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

4.08. Proprietary Rights. Customer agrees and
acknowledges that:  the TRUST 3000
System, the TRUST 3000 Service and related documentation, together with all
other data and materials, all software codes, trade secrets, design concepts,
discoveries, ideas, enhancements, improvements and inventions related thereto (“Proprietary
Information”) supplied by SEI to Customer pursuant to this Agreement:  (i) are the exclusive property of SEI
and shall remain so; (ii) are confidential and proprietary trade secrets
of SEI, protected by law, and of substantial value to SEI, and may not  be used or disclosed without the written
consent of SEI, except as contemplated by the terms of this Agreement.

 

SECTION 5. 
COVENANTS OF SEI 

 

5.01
Confidentiality of Customer Data.

 

SEI shall have access to Customer Data solely to the
extent SEI requires such access to such data to provide the Trust 3000 Service.
“Customer Data” shall mean, in or on any media or form of any kind: (i) all
data and summarized data related to Customer and Customer’s Customers that is
entered into software or equipment on behalf of Customer and Customer’s
Customers and all data derived from such data (regardless of whether or not
owned by Customer, generated or compiled by Customer, and including any such
data on any deconversion tapes provided to Customer), and (ii) all other
Customer-owned records, data, data files, input materials, reports, forms, and
other such items that may be received, computed, processed, or stored by SEI,
or by any of its subcontractors, in the performance of the Trust 3000 Service
under this Agreement.  SEI may only
access and process Customer Data in connection herewith or as directed by
Customer in writing and may not otherwise modify Customer Data, merge it with
other data, commercially exploit it, or otherwise use such data, other than as
specified herein or as directed by Customer in writing.  SEI understands and agrees that nothing
contained in this Agreement shall affect any ownership right, title, or
interest in Customer Data and Customer owns all copyright, trademark, trade
secrets, and other proprietary rights in the Customer Data.

 

SEI agrees that all copyrightable aspects of such
Customer Data shall be considered “work made for hire” within the meaning of
the Copyright Act of 1976, as amended. 
SEI hereby assigns to Customer exclusively all right, title, and
interest in and to the Customer Data and to all copyright or other proprietary
rights therein that it may obtain, without further consideration, free from any
claim, lien for balance due, or rights of retention thereto on the part of
SEI.  SEI also acknowledges that the
Parties do not intend SEI to be a joint author of the Customer Data within the
meaning of the Copyright Act of 1976, as amended, and that in no event shall
SEI be deemed a joint author thereof.

 

SEI agrees to keep the Customer Data free and clear
of all liens and encumbrances.  SEI shall
notify Customer promptly of the unauthorized possession, use or knowledge of
Customer’s Data, or any other Confidential Information of Customer.

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

5.02. Security Precautions.

 

5.02.1 SEI agrees to provide and take security
precautions so that access to the data stored in the TRUST 3000 System by
Customer is available only to persons utilizing the user numbers and passwords
assigned to Customer.

 

5.02.2 SEI further agrees to follow file, safekeeping,
and backup procedures that may be required of SEI by law or rule or
regulation of the Federal Deposit Insurance Corporation or the Comptroller of
the Currency, or that are standard in the data processing industry for services
similar to those provided by SEI.

 

5.03. Access by Customer.  SEI agrees to grant the internal auditors of
Customer and other personnel authorized by Customer reasonable access to SEI’s
facilities, and to books and records related to the provision of services
contemplated by this Agreement.  SEI
agrees to grant federal and other governmental and banking agencies, when
required by law or authorized by Customer, access to records of Customer held
by SEI.

 

5.04. SEI’s Right to Make Changes. In order to
improve the quality of service to Customer, SEI reserves the right to make changes
at any time in rules of operation, Customer identification procedures, and
type of terminal equipment used or to be used in the TRUST 3000 System,
provided that no such changes shall reduce the functionality of the system or
shall conflict with or make inconsistent any of the terms or provisions of this
Agreement.  SEI will give Customer
reasonable advance notice of any such change.

 

5.05. Save of Customer Data. SEI will prepare
and preserve magnetic tapes containing Customer’s complete data base (the “Save
Tapes”) to protect Customer from the loss of data in event of fire or other
event which destroys data kept at SEI’s data center.  The Save Tapes will include daily tapes, end
of month tapes and end of year tapes, as set forth on Exhibit C. SEI shall deliver the Save
Tapes to a location other than SEI’s data center.  SEI will have no responsibility for
furnishing Customer Save Tapes in addition to those so made.  SEI shall have no obligation to retain any
Save Tape whose data has been incorporated into a later Save Tape.

 

In addition, SEI shall perform back-ups of
Customer’s complete data bases at least daily to facilitate efficient recovery
of Customer’s data should processing problems occur at SEI’s Data Center.  These daily backups shall be stored in a
manner as SEI determines is appropriate to provide timely recovery of data lost
at the data center.

 

5.06. Legislative Enhancements. Modifications
required to be made to the TRUST 3000 Service in order to comply with changes
in federal banking laws or regulations will be made available to Customer.  Each such change shall be made and
implemented as soon as practicable, and in any event by such time as the change
may be necessary as required by law.  The
development of new software modules or major changes to existing software
modules required to comply with federal laws or regulations will be made
available to Customer at a price equal to the total time and materials

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

required to implement such additions prorated on an equitable
basis among all affected TRUST 3000 customers. 
SEI shall charge Customer a pro-rata portion of the costs incurred by
SEI for the development and implementation of such additions based on the
number of accounts subject to this Agreement, relative to the total number of
accounts processed by SEI for other customers of SEI that are affected by such
additions.  To the extent modifications
are required to comply with Securities and Exchange Commission Regulations that
do not apply to SEI’s Customer base in general, SEI will use reasonable efforts
in good faith to make such modifications by such time as they may be required
by law or regulation provided Customer shall have given SEI prompt notification
of the need for such modification and provided Customer shall have agreed to
pay the cost thereof.

 

5.07. Third Party Services. SEI agrees to
provide to Customer services from external third party sources (“Third Party
Services”).  Such Third Party Services,
if any, are referenced in Exhibit A.
SEI warrants and represents that it has obtained from such third party vendors
(“Third Party Vendors”) the rights to provide such Third Party Services to
Customer.  To the extent that any such
Third Party Services are provided to Customer hereunder, Customer agrees that
such Third Party Services are proprietary to the Third Party Vendors; such
Third Party Services are provided by the Third Party Vendors on an “AS IS WITH
ALL FAULTS” basis for Customer’s internal use and as normally required on
statements, reports, screens and other documents necessary to support Customer’s
Customers and shall not be redistributed to other third parties; the Third
Party Vendors MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO THE
MERCHANTABILITY, FITNESS, OR ANY OTHER MATTER with respect to such Third Party
Services; and the Third Party Vendors shall not be liable for any damages
suffered by Customer in the use of such Third Party Services, including
liability for any incidental, consequential or similar damages.  Notwithstanding the foregoing, if any Third
Party Vendor fails to provide the Third Party Services to be provided by such
Third Party Vendor, SEI shall (1) assert any claims that it may have
against such Third Party Vendor under SEI’s agreement with such Third Party
Vendor with respect to such failure (and any recovery related to such claim
shall inure to Customer), and (2) use commercially reasonable efforts to
cause such Third Party Vendor to perform the applicable Third Party Services.

 

SEI shall indemnify, defend, and hold the Customer harmless
from and against any and all claims, losses and liabilities that are related to
any claim by any Third Party Vendor that is based upon an alleged breach by SEI
of any agreement with that Third Party Vendor, except to the extent such breach
arises out of Customer’s breach of this Agreement.  Customer shall indemnify, defend, and hold
SEI harmless from and against any and all claims, losses and liabilities that
are related to any such claim to the extent such breach arises out of Customer’s
breach of this Agreement.  Each of the
Parties shall comply with the indemnification procedures set forth in Section 10.13
of this Agreement.

 

It is further understood and agreed that access to
any Third Party Service may be withdrawn by SEI upon termination of SEI’s right
to redistribute specific product

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION PURSUANT
TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED.

 

 

offerings by such Third Party Vendors.  SEI shall promptly notify Customer of any
product offerings to be withdrawn or any significant change in any product once
such withdrawal or change is known by SEI, and SEI shall make an appropriate
adjustment to the Fees to reflect any such withdrawal of any Third Party
Service by SEI.

 

5.08. Insurance. SEI shall carry an
employee fidelity bond and EDP errors and omissions insurance and miscellaneous
professional liability insurance at levels not less than [/*/ CONFIDENTIAL
TREATMENT REQUESTED] per incident with reasonable deductibles. SEI shall
procure the commercial general liability insurance that provides limits of not less
than [/*/ CONFIDENTIAL TREATMENT REQUESTED] ($[/*/ CONFIDENTIAL TREATMENT
REQUESTED]).  The commercial general
liability policy shall include the following coverage: (i) premises and
operations; (ii) products/completed operations; (iii) contractual
liability; (iv) personal injury and advertising injury liability; and (v) severability
of interest clause.

 

SEI
shall maintain a policy of workers’ compensation coverage for no less than the
minimum statutory amount required for the State or States in which SEI
employees are performing Trust 3000 Service on Customer’s behalf, and employers’
liability coverage for not less than [/*/ CONFIDENTIAL TREATMENT REQUESTED]
Dollars ($[/*/ CONFIDENTIAL TREATMENT REQUESTED]) per occurrence for all
employees of SEI engaged in the performance of Services under this Agreement.

 

5.09. Disaster Recovery. SEI agrees to provide
disaster recover service to enable Customer to resume processing capabilities
in the event of a disaster at SEI’s data processing facility.  The timeframe for recovery, the processing
levels and the other disaster recovery services provided by SEI will be in
accordance with the then current SEI Disaster Recovery Plan.  A copy of the current version of the Client’s
Copy of the SEI Disaster Recovery Plan is attached as Exhibit D. SEI shall provide
Customer with an updated copy of the Client’s Copy of the SEI Disaster Recovery
Plan promptly after any material changes to the Disaster Recovery Plan or upon
Customer’s request.  SEI shall not modify
the Disaster Recovery Plan so as to reduce in any significant way, the benefits
and protections provided to Customer under such Disaster Recovery Plan as of
the Designated Date.   SEI shall provide
such disaster recovery services at all times without regard to any Force Majeure
Event (except to the extent and only to the extent that a Force Majeure Event
also impacts the disaster recovery plan).

 

5.10 Client’s Customers. In addition to SEI’s
obligations with respect to the treatment of Customer’s Confidential
Information contained in Section 6 of this Agreement, SEI agrees that it
shall not use any of Customer Data or any Confidential Information of Customer
to solicit as direct customers of SEI any of Customer’s customers.

 

SECTION 6.  CONFIDENTIALITY/PROPRIETARY INFORMATION

 

6.01 Confidential Information. “Confidential
Information” means (i) with respect to

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

Customer, all Customer Data; (ii) with respect to SEI,
the Proprietary Information and the provisions of this Agreement; and (iii) with
respect to each Party, any of the Disclosing Party’s proprietary or
confidential information including, without limitation, technical data; trade
secrets; know-how; business processes; product plans; product designs; service
plans; services; customer lists and customers; markets; software; developments;
inventions; processes; formulas; technology; designs; drawings; and marketing,
distribution or sales methods and SEI Systems; sales and profit figures or
other financial information that is disclosed, directly or indirectly, to a
Party (in such capacity the “Recipient”) by or on behalf of the other Party (in
such capacity, the “Disclosing Party”), whether in writing, orally or by other
means and whether or not such information is marked as confidential.  However, “Confidential Information” does not
include any of the information that: (i) prior to disclosure hereunder by
the Disclosing Party, was generally known to the public; (ii) after
disclosure hereunder by the Disclosing Party, becomes known to the public
through no act or omission of the Recipient or any of its representatives (iii) the
Recipient can demonstrate by written records was previously known by it or was
independently developed by or for it without use of the Confidential
Information; or (iv) is, or becomes available to the Recipient on a
non-confidential basis from another Person that, to the Recipient’s knowledge,
is not prohibited from disclosing such information to the Recipient by a legal,
contractual or fiduciary obligation to the Disclosing Party.

 

6.02 Non-Disclosure Obligations. All Confidential
Information of a Disclosing Party shall be held in confidence by the Recipient,
to the same extent, and in at least the same manner, as the Recipient protects
its own confidential and proprietary information of a similar nature, which
shall in no event be less than a commercially reasonable standard of care.  Except as specifically permitted by this
Agreement the Recipient shall not disclose, publish, release, transfer, or
otherwise make available, any Confidential Information of the Disclosing Party,
in any form to, or for the use or benefit of, any Person, without the
Disclosing Party’s consent.

 

6.03 Permitted Use and Disclosure.
Notwithstanding the foregoing, the Recipient shall be permitted to use and to
disclose the Disclosing Party’s Confidential Information to its officers,
agents, subcontractors and employees (collectively, the “Permitted Employees
and Consultants” who have agreed in writing to maintain the confidentiality of
the Confidential Information, to the extent that such use and disclosure is
necessary or appropriate for the performance of the Recipient’s obligations
under this Agreement and/or as needed to conduct Recipient’s business.  The obligations contained in this Section 6
shall not restrict any disclosure by any Recipient as required by any
applicable law, or by order of any court or government agency; provided that to
the extent reasonably possible (and so long as not prohibited by law) such
Recipient gives prompt notice to the Disclosing Party of such order, such that
the Disclosing Party may (i) interpose an objection to such disclosure, (ii) take
action to assure confidential handling of the Confidential Information, or (iii) take
such other action as it deems appropriate to protect the Confidential
Information.

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION PURSUANT
TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED.

 

 

6.04 Additional Obligations of Customer.

 

Customer
shall not use any of SEI’s Confidential Information to create or attempt to
create, nor permit others to create or attempt to create, in whole or in part,
the Trust 3000 System. In addition, Customer agrees to preserve any copyright
and trade secret notices of SEI on materials where such notices appear.  Customer shall immediately notify SEI of the
unauthorized possession, use or knowledge of any item supplied to Customer
pursuant to this Agreement.

 

Customer
shall not copy or reproduce in any manner any manuals, user documentation or
other materials provided by SEI to Customer under this Agreement except for
copies made by Customer solely for its internal use by Permitted Employees and
Consultants.

 

6.05 Compliance with Gramm-Leach-Bliley Act. In
connection with the activities contemplated by this Agreement, each Party shall
comply with all applicable provisions of the Gramm-Leach-Bliley Act (as such
Act may be amended from time to time), including, without limitation,
applicable provisions regarding the sharing or disclosure of Nonpublic Personal
Information (as such term is defined in the Gramm-Leach-Bliley Act).

 

6.06 Unauthorized Acts.  In the event of any unauthorized use or
disclosure by the Recipient of any Confidential Information of the Disclosing
Party, the Recipient shall promptly (i) notify the Disclosing Party of the
unauthorized use or disclosure; (ii) take all reasonable actions to limit
the adverse effect on the Disclosing Party of such unauthorized use or
disclosure; and (iii) take all reasonable action to protect against a
recurrence of the unauthorized use or disclosure.

 

6.07 Return of Confidential Information. Upon the
written request of the Disclosing Party after the termination of this
Agreement, the Recipient shall, at the option of the Recipient, return or
destroy all Confidential Information of the Disclosing Party that is then in
the possession or control of the Disclosing Party, provided, however, the
Recipient may retain such Confidential Information of the Disclosing Party as
may be necessary or appropriate for the Recipient to comply with reasonable
legal, accounting, regulatory and archival concerns.  Notwithstanding the foregoing, SEI shall have
no obligation to return or destroy Confidential Information of

 

Customer that resides on the Trust3000 System or in
save tapes of SEI.  Upon the Disclosing
Party’s written request, the Recipient shall promptly certify in writing its
compliance with this Section 6.07.

 

6.08 Equitable Relief. Each Party acknowledges that
the unauthorized disclosure of the Disclosing Party’s Confidential Information
may cause irreparable injury to the Disclosing Party and that, in the event of
a violation or threatened violation of any

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

obligations of the Recipient regarding such Confidential
Information, the Disclosing Party may have no adequate remedy at law. In such
event, the Disclosing Party shall be entitled to seek enforcement of each such
obligation by temporary or permanent injunctive, or mandatory relief obtained
in any court of competent jurisdiction, without the necessity of the posting of
any bond or other security, and without prejudice to any other rights and
remedies which may be available to the Disclosing Party at law or in equity.

 

SECTION 7. 
WARRANTY

 

7.01. Warranty. SEI hereby warrants that it
owns the TRUST 3000 System and has all the necessary authority to enter into this
Agreement and provide the Trust 3000 Service described herein.  SEI also warrants that the TRUST 3000 System
will perform substantially as described in the Users Manuals for the functions
specified on Exhibit A.

 

Except as expressly stated herein, SEI MAKES
NO OTHER WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE TRUST 3000 SYSTEM
OR THE TRUST 3000 SERVICE OR ANY SERVICE PROVIDED HEREUNDER, ITS
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

 

7.02 Remedy for Breach. SEI hereby
indemnifies and agrees to hold harmless and defend Customer from any claims
brought against Customer based upon a defect in SEI’s title to, or power to
grant Customer the use of, the Trust 3000 Service or any trademark, copyright,
or patent infringement with respect to the Trust 3000 Service except to the
extent such breach arises out of Customer’s breach of this Agreement.  Customer shall indemnify, defend, and hold
SEI harmless from and against any and all claims, losses and liabilities that
are related to any such claim to the extent such breach arises out of Customer’s
breach of this Agreement.  Each of the
Parties shall comply with the indemnification procedures set forth in Section 10.13
of this Agreement.

 

7.03
Custom Enhancements or Modifications to
the Trust 3000 Service.

 

7.03.1                  Subject to the
limitations set forth below and the notice, control, cooperation and
limitations contained in Section 10.13, SEI will indemnify and hold
harmless Customer and defend at SEI’s sole expense, and, at its option, may
contest and/or settle, any claim, suit, or proceeding brought against Customer
to the extent that it is based on an assertion that any custom enhancements or
modifications to the TRUST 3000 Service performed by SEI (or SEI’s delegate) on
behalf of Customer (collectively such enhancements and modifications may be
referred to as “Custom Enhancement/Work”) infringes any United States patent,
or copyright, or infringes on any trade secret or proprietary right, of any
third party.  Should any Custom
Enhancement/Work become the subject of any such claim, suit, or proceeding, SEI
shall have

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

the
right, at SEI’s option and expense (i) promptly procure for Customer the
right to continue using the Custom Enhancement/Work; or (ii) promptly replace
or modify the Custom Enhancement/Work with a non-infringing version of Custom
Enhancement/Work with substantially equivalent function and performance. If
neither such option is available to SEI on commercially reasonable terms, then
SEI may terminate the services that are the subject of such claim, suit, or
proceeding and make an appropriate reduction in Fees payable hereunder. The
remedies set forth in this Section 7.03.1, together with SEI’s
indemnification obligations under this Section 7.03.1, shall be Customer’s
sole and exclusive remedies with respect to any claims that any Custom
Enhancement/Work, infringes or misappropriates any third-party intellectual
property right.

 

7.03.2                  Notwithstanding
the provisions of Section 7.03.1, and subject to the notice, control,
cooperation and limitations contained in Section 10.13, Customer will
indemnify and hold harmless SEI, and defend at Customer’s sole expense, and, at
its option, may contest and/or settle, any claim, suit, or proceeding brought
against SEI or Customer (and SEI will not be obligated to defend or settle and
will not be liable for any related expenses or costs) to the extent any suit or
proceeding results from: (i) SEI’s compliance with Customer’s design,
content, specifications or instructions; (ii) modification of the Custom
Enhancement/Work by a party other than SEI who is not working at or under SEI’s
direction; or (iii) the use of the Custom Enhancement/Work or any part
thereof furnished hereunder in combination with any other software or product,
other than the Trust3000 Service, where the infringement would not have
occurred but for such combination.

 

7.03.3                  Each
of the Parties shall comply with the indemnification procedures set forth in Section 10.13
of this Agreement.

 

7.03.4                  All
references to the “Trust 3000 Services Agreement” in any Work Authorization(s)
executed after the date of this Agreement, shall mean this Agreement, as this
Agreement may be amended from time to time.

 

7.03.5                  With
respect to suspension or termination of any project covered by a Work
Authorization, notwithstanding anything contained in any Work Authorization to
the contrary, it is understood that SEI shall have the right to re-estimate the
costs associated with the project covered by such Work Authorization, if work
on such project is

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

resumed after 60 days from the date Customer made the
election to suspend the work (unless a shorter period of time is indicated in
the applicable Work Authorization).  In
addition, it is understood that if work is terminated under any Work
Authorization, SEI will only bill Customer for work that has actually been
performed through the date that work was terminated, plus any applicable travel
and living expenses (if applicable).

 

7.03.6                  In the event
that Customer terminates work on a project covered by a Work Authorization due
solely to SEI’s uncured material breach of this Agreement or the applicable
Work Authorization, Customer reserves the right to dispute payment of SEI’s
fees due under such Work Authorization.

 

SECTION 8. 
LIMITATION OF LIABILITY 

 

8.01         Except as
otherwise provided below in this Section 8, the cumulative liability of
each Party hereunder for all claims relating to this Agreement, shall be
limited to (a) monetary damages not to exceed the amount of [/*/
CONFIDENTIAL TREATMENT REQUESTED] payable hereunder, and, in addition, with
respect to SEI, the correction, re-creation, or restoration of any incorrect,
missing, incomplete, or unreadable reports.

 

8.02         SEI shall
have no liability for errors, omissions or malfunctions in SOUCE 3000, the
transmission of SOURCE 3000 and any user manuals and documentation associated
with SOURCE 3000 other than its obligation, upon receipt of notice from
Customer, to endeavor to correct any such errors, omissions or
malfunctions.  SEI shall have no
liability for temporary delays, breakdowns or interruptions in SOURCE 3000,
howsoever caused.  Customer’s exclusive
remedy, and SEI’s entire liability, for direct damages incurred by Customer for
any and all causes relating to Source 3000, whether for breach of this
Agreement, negligence, or otherwise, shall in the aggregate not exceed [/*/
CONFIDENTIAL TREATMENT REQUESTED] average billing to Customer over the [/*/
CONFIDENTIAL TREATMENT REQUESTED] months preceding the month in which the
damage or injury is alleged to have occurred, but if Customer has not utilized
SOURCE 3000 for [/*/ CONFIDENTIAL TREATMENT REQUESTED] months preceding such
date, then over such fewer number of preceding months that Customer has
utilized SOURCE 3000.

 

8.03         THE
FOREGOING LIMITATIONS SHALL NOT APPLY TO: (A) LOSSES SUBJECT TO
INDEMNIFICATION UNDER THIS AGREEMENT, (B) LIABILITY ARISING AS A RESULT OF
A FAILURE TO COMPLY WITH THE CONFIDENTIALITY OBLIGATIONS CONTAINED IN THIS
AGREEMENT, (C) CUSTOMER’S FAILURE TO PAY ANY AMOUNTS DUE OR OWING UNDER

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

THIS AGREEMENT, (D) ANY DAMAGES FOR BODILY INJURY
(INCLUDING DEATH) AND DAMAGES TO REAL PROPERTY FOR WHICH A PARTY IS LEGALLY
LIABLE, (E) LOSSES ARISING FROM A PARTY’S WILLFUL MISCONDUCT.

 

8.04 IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY
INCIDENTAL, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR SIMILAR DAMAGES OF
ANY KIND, INCLUDING, WITHOUT LIMITATION, LOSS OF PROFITS, LOSS OF BUSINESS OR
INTERRUPTION OF BUSINESS, WHETHER SUCH LIABILITY IS PREDICATED ON CONTRACT,
STRICT LIABILITY OR ANY OTHER THEORY.

 

Notwithstanding anything in this Agreement to the
contrary, the following shall be considered direct damages and neither Party
shall assert that they are indirect, incidental, special, or consequential
damages or lost profits: [/*/ CONFIDENTIAL TREATMENT REQUESTED].  The intention of the foregoing is to avoid
any doubt on how those types of damages should be classified under this
Agreement.  However, the foregoing is not
intended to be exclusive or exhaustive.

 

SECTION 9. 
TERMINATION 

 

9.01
Obligations Upon Expiration or Termination of Agreement.

 

9.01.1 Deconversion Services.

 

Upon
Customer’s request in connection with the expiration or termination of this
Agreement under Section 2, SEI will provide Customer with the deconversion
services described on Exhibit E
and Customer will pay to SEI the fees for such services as set forth on Exhibit E. All such amounts to be due
thirty (30) calendar days after the date of Customer’s receipt of the
invoice.  Customer agrees to pay interest
on all amounts past due at the rate of one percent (1%) per month, if such rate
is permitted by law, or otherwise at the highest rate permitted by law, provided,
however, that no interest will be due on amounts disputed by Customer in good
faith and on reasonable grounds.

 

9.01.2 Payment of Fees.

 

In addition to any Buyout Amount that may be payable to SEI under this
Agreement, Customer shall pay SEI (A) the Fees for products and services
provided prior to the effective date of expiration or termination; (B) any
termination fees imposed on SEI by third parties to the extent directly
relating to such termination (except in the event of a termination under Section 2.03
or a termination by Customer under 2.05, in which case

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

Customer shall not have to pay for any termination fees imposed on SEI
by Third Party Vendors to the extent directly relating to such termination);
and (C) any fees for deconversion or other post-termination services which
Customer may request and SEI may provide including those specified in Section 2.04
B (post termination TRUST 3000 System Retrieval), this Section 9, and Exhibit E. All such amounts to be due
thirty (30) calendar days after the date of Customer’s receipt of the invoice.

 

Customer
agrees to pay interest on all amounts past due at the rate of one percent (1%)
per month, if such rate is permitted by law, or otherwise at the highest rate
permitted by law, provided, however, that no interest will be due on amounts
disputed by Customer in good faith and on reasonable grounds.

 

In
addition, Customer will be obligated to reimburse SEI for any charges for
telecommunication services and other third-party provided services as
referenced in Exhibit A
incurred by SEI on Customer’s behalf with respect to services provided prior to
the termination of this Agreement.  
Customer acknowledges that there is a time lag between the time that
certain services are provided until the time that SEI bills for such services,
and that SEI invoices certain of such services up to ninety (90) calendar days
after the date services are provided.

 

9.01.3 Return of Confidential Information.

 

The
Parties shall comply with the provisions of Section 6.07 of this Agreement
in connection with the return of Confidential Information of the other Party.

 

SECTION 10. 
GENERAL PROVISIONS 

 

10.01 Notice. Except as expressly otherwise stated herein, all
notices, requests, consents, approvals, or other communications provided for,
or given under, this Agreement, shall be in writing and shall be deemed to have
been duly given and received (a) when delivered personally, or (b) if
delivered by a reputable commercial overnight carrier (e.g., Federal Express),
one business day after delivery to such carrier, or (c) if delivered by
certified or registered U.S. mail, postage prepaid and return receipt
requested, seven business days after mailing; in each case sent to the Party to
be notified at the address for such Party set forth below, or at such other
address of which such Party has provided notice in accordance with the
provisions of this Section:

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

Notices to Customer shall be addressed as follows:

 

Investors
Bank & Trust Company 

200 Clarendon Street 

Boston, MA 02117 

Attention: Senior Director, Institutional Custody

 

with
a copy to the attention of Customer’s General Counsel addressed as follows:

 

Investors
Bank & Trust Company 

200 Clarendon Street 

Boston, MA 02117 

Attention: General Counsel

 

Notices to SEI shall be addressed as follows:

 

SEI Global Services, Inc.

One
Freedom Valley Drive

Oaks, PA 19456 

Attention: Vice President, National Bank Marketing

 

with
a copy to the attention of Customer’s General Counsel addressed as follows:

 

SEI
Global Services, Inc. 

One Freedom Valley Drive

Oaks, PA 19456 

Attention: General Counsel

 

10.02. Counterparts. This Agreement may be
executed in any number of counterparts and any Party hereto may execute any
such counterpart, each of which when executed and delivered shall be deemed to
be an original and all of which counterparts taken together shall constitute
but one and the same instrument.  This
Agreement shall become binding when one or more counterparts taken together
shall have been executed and delivered by the parties.  It shall not be necessary in making proof of
this Agreement or any other counterparts hereof to product or account for any
of the other counterparts.

 

10.03. Agreement for Sole Benefit of SEI and
Customer. This Agreement is for the sole and exclusive benefit of SEI and
Customer and shall not be deemed to be for the direct or indirect benefit of
the clients or customers of Customer. 
The clients or customers of Customer shall not be deemed to be third
party beneficiaries of this Agreement or have any other contractual
relationship with SEI by reason of this

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

Agreement, and each Party hereto agrees to indemnify and hold
harmless the other Party from any claims of its customers against the other
Party including any attendant expenses and reasonable attorneys’ fees, based on
this Agreement or the services provided hereunder.

 

10.04. Assignment. Customer
shall have the right to assign or delegate all or part of its rights,
responsibilities or duties hereunder to any wholly-owned direct or indirect
subsidiary of Investors Financial Services Corp. upon the provision of notice
to SEI, but no such assignment shall relieve Customer of its obligations under
this Agreement.  Such assignment shall be
valid only so long as the assignee or delegatee remains a wholly-owned
subsidiary of Investors Financial Services Corp.  In addition to its rights under Sections 1.01
and 5.07, SEI shall have the right to assign or delegate all or part of its
rights, responsibilities, or duties hereunder to SEI Investments Company or any
wholly-owned direct or indirect subsidiary of SEI Investments Company, upon the
provision of prior written notice to Customer, but no such assignment shall
relieve SEI of its obligations under this Agreement.  Such assignment or delegation will be valid
only so long as the assignee or delegatee remains a wholly-owned direct or
indirect subsidiary of SEI Investments Company. 
Any other assignment or delegation (including, without limitation, any
assignment, transfer, or delegation by operation of law in connection with a
merger or otherwise) by either Party hereto shall require the prior written
approval of the other Party hereto (which shall not be unreasonably withheld or
delayed), other than an assignment by SEI of the contract rights to receive
payments for collateral security.

 

10.05. Force Majeure. If a Force Majeure Event
is the material contributing cause of a Party’s failure to perform any of its
obligations hereunder (other than the obligation to pay for any amounts owed),
such obligations, after notification by such Party to the other Party, shall be
deemed suspended to the extent such obligations are directly affected by such
Force Majeure Event, until the Force Majeure Event has ended and a reasonable
period of time for overcoming the effects thereof has passed; provided,
however, that if a Force Majeure Event results in SEI being unable to perform
during any extended period any or all of the Trust 3000 Service in accordance
with the terms hereof Customer shall be entitled to a share of SEI’s resources
devoted to returning SEI to full performance of all Trust 3000 Service
hereunder, that is equal to or greater than that of SEI’s similarly-situated
customers.  Both Parties shall use
commercially reasonable efforts to minimize delays that occur due to a Force
Majeure Event.  Other than as set forth
above, neither Party shall be excused from those obligations not affected by a
Force Majeure Event (including disaster recovery services unless also affected
by such Force Majeure Event), and if the Force Majeure Event is predominantly
caused by either Party’s failure to comply with any of its obligations under
this Agreement or by either Party’s negligence or omission, there shall be no
relief from any of that Party’s obligations under this Agreement.

 

“Force Majeure Event shall mean a catastrophic act
of God, act of governmental body or military authority, epidemic, riot or civil
disturbance, war, sabotage, or accidents beyond

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

the reasonable control of the non-performing
Party.  Notwithstanding the foregoing, “Force
Majeure Event” expressly excludes the following: any event that non-performing
Party could reasonably have prevented by testing by the non-performing Party
either required to be performed pursuant to the Trust 3000 Service or necessary
to provide the Trust 3000 Service, work-around, or other exercise of
commercially reasonable diligence; any event resulting from any strike,
walkout, or other labor shortage of the non-performing Party; and any failure
of any systems, facilities, or hardware that could have been prevented by
testing either required to be performed pursuant to the Trust 3000 Service or
necessary to provide the Trust 3000 Service. The occurrence of a Force Majeure
Event does not limit or otherwise affect SEI’s obligation to provide normal
recovery procedures or any other disaster recovery services as described in SEI’s
Disaster Recovery Plan.

 

10.06. Governing Law. This Agreement will be governed in
accordance with the laws of the Commonwealth of Massachusetts without regard to
its conflict of law principles or laws.

 

10.07. Heading. 
All section headings contained in this Agreement are for
convenience of reference only, do not form a part of this Agreement and shall
not affect in any way the meaning of interpretation of this Agreement.  Words used herein, regardless of the number
and gender specifically used, shall be deemed and construed to include any
other number, singular or plural, and any other gender, masculine, feminine or
neuter, as the contract requires.

 

10.08. Contents of Agreement. This Agreement
and its Exhibit(s) set forth the entire understanding of the parties hereto
with respect to the transactions contemplated hereby.  It shall not be amended or modified except by
written instrument duly execute by each of the parties hereto.  Any and all previous agreements and
understandings between the parties regarding the subject matter hereof, whether
written or oral, are superseded by this Agreement.

 

10.09. Waiver. Any term or provision of this
Agreement may be waived at any time by the Party entitled to the benefit
thereof by written instrument executed by such Party.  No failure of either Party hereto to exercise
any power or right granted hereunder, or to insist upon strict compliance with
any obligation hereunder, and no custom or practice of the parties with regard
to the terms of performance hereof, shall constitute a waiver of the rights of
such Party to demand full and exact compliance with the terms of this
Agreement.

 

10.10. Severability. In the event that any
provision of this Agreement shall be found in violation of public policy or
illegal or unenforceable in law or equity, such finding shall in no event
invalidate any other provision of this Agreement.

 

10.11. Dispute Resolution. Any dispute about a
significant problem arising under this Agreement that may have a material
adverse impact on a Party (a “Problem”) shall

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

be resolved using procedures described in this Section.  As soon as a Problem is recognized by the
Party that may be materially and adversely affected, such Party shall provide
notice of the Problem to the other Party’s Representative.  The Representatives of the Parties shall
attempt to promptly resolve the Problem. 
The Representatives for each Party are:

 

For SEI: SEI Senior Relationship Manger (as of the
Designated Date, the SEI Senior 

Relationship Manger is [/*/ CONFIDENTIAL TREATMENT REQUESTED])

 

For Customer: [/*/ CONFIDENTIAL
TREATMENT REQUESTED]

 

The
Parties may change the Representatives by giving written notice of any change
in

Representatives.

 

The
Issue Notification should, at a minimum, contain the following information, (i) description
of the Problem, (ii) its impact on quality and schedule of any
deliverables, (iii) suggested resolutions, and, (iv) time frame for
issue resolution. Once a Problem has been raised, Representatives should
attempt in good faith to reach a resolution within two (2) weeks.

 

If
despite the Parties good faith efforts, a dispute cannot be resolved through
the procedure provided in Section, either Party shall have the right to
commence any legal proceeding as permitted by law.  Nothing in this Section shall prohibit a
Party from pursuing injunctive or other relief if such relief is required to
protect the interests of such Party.

 

10.12. Substitution of Party. As of
the Designated Date, SEI Global Services, Inc. shall for all purposes with
respect to this Agreement replace SEI Investments Company as a party to this
Agreement and SEI Global Services, Inc. (and not SEI Investments Company)
shall, from the Designated Date forward, have all of the rights and obligations
of SEI Investments Company under this Agreement.  As of the Designated Date, the term “SEI” as
used in this Agreement shall mean SEI Global Services, Inc.  Notwithstanding the foregoing, such
substitution does not relieve SEI Investments Company from any obligations
hereunder.

 

10.13 Indemnification Procedures.  If any claim is commenced against a Party
entitled to indemnification under this Agreement (the “Indemnified Party”),
notice thereof will be given to the Party that is obligated to provide
indemnification (the “Indemnifying Party”) as promptly as practicable.  If, after such notice, the Indemnifying Party
acknowledges that this Agreement applies with respect to such claim, then the
Indemnifying Party will be entitled, if it so elects, in a notice promptly
delivered to the Indemnified Party, but in no event less than ten (10) calendar
days prior to the date on which a response to such claim is due, to immediately
take control of the defense and

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

investigation of such claim and to employ and engage
attorneys reasonably acceptable to the Indemnified Party to handle and defend
the same, at the Indemnifying Party’s sole cost and expense.  The Indemnified Party will cooperate, at the
cost of the Indemnifying Party, in all reasonable respects with the
Indemnifying Party and its attorneys in the investigation, trial and defense of
such claim and any appeal arising therefrom; provided, however, that the
Indemnified Party may, at its own cost and expense, participate, through its
attorneys or otherwise, in such investigation, trial and defense of such claim
and any appeal arising therefrom. No settlement of a claim that involves a
remedy other than the payment of money by the Indemnifying Party will be
entered into without the consent of the Indemnified Party.  After notice by the Indemnifying Party to the
Indemnified Party of its election to assume full control of the defense of any
such claim, the Indemnifying Party will not be liable to the Indemnified Party
for any legal expenses incurred thereafter by such Indemnified Party in
connection with the defense of that claim. 
If the Indemnifying Party does not assume full control over the defense
of a claim subject to such defense, the Indemnifying Party may participate in
such defense, at its sole cost and expense, and the Indemnified Party will have
the right to defend the claim in such manner as it may deem appropriate, at the
cost and expense of the Indemnifying Party.

 

10.14. Survival. The following shall survive the
expiration or termination of this Agreement: (i) the provisions of Sections
6, 8, 9 and 10 in their entirety, and Sections 3.03, 3.04, 4.01.01, 4.02, 4.05,
4.07, 4.08, 5.01, 5.02.1, 5.07, 5.10, 7.01, 7.02, 7.03.1, 7.03.2 and 7.03.3.

 

SECTION 11. 
EXHIBITS

 

11.01. Exhibits.  The following additional exhibits listed
below and attached hereto are also incorporated herein by reference:

 

Exhibit A             Trust3000
Service/Fees

Exhibit B              Performance
Standards

Exhibit C              Record
Retention

Exhibit D              Client’s
Copy of the SEI Disaster Recovery Plan

Exhibit E              Deconversion
Services

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES
MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION
PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.

 

 

EACH PARTY HERETO ACKNOWLEDGES THAT EACH
PARTY RESPECTIVELY HAS READ THIS AGREEMENT, UNDERSTANDS ITS TERMS, AND AGREES
TO BE LEGALLY BOUND HEREBY.

 

IN WITNESS WHEREOF, the Parties hereto have
caused this Agreement to be executed in their respective names by their duly
authorized representatives as of the Designated Date.

 

 

	
   

  	
  SEI GLOBAL
  SERVICES, INC.

  
	
   

  	
   

  
	
   

  	
  BY:

  	
   

  
	
   

  	
   

  
	
   

  	
  TITLE:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  INVESTORS
  BANK & TRUST COMPANY

  
	
   

  	
   

  
	
   

  	
  BY:

  	
   

  
	
   

  	
   

  
	
   

  	
  TITLE

  	
   

  
				

 

[/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES MATERIAL
THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED.
ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION PURSUANT TO RULE
24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

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