Document:

Amended and Restated Retirement Trust

 Exhibit 10.2 
 AMERICAN BAR ASSOCIATION 
 MEMBERS RETIREMENT TRUST 
 AMENDED AND RESTATED 
 May 1,
2009 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	 ARTICLE I.
	 	 CONTINUATION, PURPOSE AND INTENT OF TRUST
	  	1
	 1.01
	 	Continuation of Trust	  	1
	 1.02
	 	Purpose of the Trust	  	1
	 1.03
	 	Governing Documents	  	1
	 1.04
	 	Meaning of Words, Terms and Phrases	  	1
	 1.05
	 	Intent to Qualify	  	2
	 1.06
	 	Program Recordkeeper	  	2
			
	 ARTICLE II.
	 	 DEFINITIONS
	  	2
	 2.01
	 	“ABA Members Collective Trust”	  	2
	 2.02
	 	“ABA Members Pension Plan”	  	2
	 2.03
	 	“ABA Members Plans”	  	2
	 2.04
	 	“ABA Members Retirement Plan”	  	2
	 2.05
	 	“ABA RF”	  	2
	 2.06
	 	“Administrative and Investment Services Agreement”	  	2
	 2.07
	 	“Affiliate”	  	2
	 2.08
	 	“Business Day”	  	3
	 2.09
	 	“Closed Option”	  	3
	 2.10
	 	“Code”	  	3
	 2.11
	 	“Effective Date”	  	3
	 2.12
	 	“Employer”	  	3
	 2.13
	 	“Employer Plan”	  	3
	 2.14
	 	“ERISA”	  	3
	 2.15
	 	“Fund”	  	3
	 2.16
	 	“Investment Option”	  	3
	 2.17
	 	“Non-Unitized Investment Option”	  	3
	 2.18
	 	“Participant”	  	3
	 2.19
	 	“Participation Agreement”	  	3
	 2.20
	 	“Preexisting Plan”	  	4
	 2.21
	 	“Prior Plan Account”	  	4
	 2.22
	 	“Program”	  	4
	 2.23
	 	“Program Interface Agreement”	  	4
	 2.24
	 	“Program Recordkeeper”	  	4
	 2.25
	 	“Qualified Bar Association”	  	4
	 2.26
	 	“Qualified Employer”	  	4
	 2.27
	 	“Self-Managed Option”	  	4
	 2.28
	 	“State Street”	  	4
	 2.29
	 	“Transaction Date”	  	4
	 2.30
	 	“Trust”	  	5
	 2.31
	 	“Trust Accounts”	  	5
	 2.32
	 	“Trustee”	  	5
	 2.33
	 	“Trust Fund”	  	5
	 2.34
	 	“Unitized Investment Option”	  	5

  

 (i) 

					
	 2.35
	 	“Valuation Date”	  	5
			
	 ARTICLE III.
	 	 ADOPTION OF TRUST
	  	5
			
	 ARTICLE IV.
	 	 PAYMENTS TO AND INVESTMENT OF TRUST FUND
	  	5
	 4.01
	 	Payments to Trustee	  	5
	 4.02
	 	Form of Payment	  	6
	 4.03
	 	Investment Directions Furnished to Trustee	  	6
	 4.04
	 	Application of ERISA Section 404(c)	  	7
	 4.05
	 	Limitation on Liability if Employer Directs Investment	  	7
	 4.06
	 	Timing of Payments to Investment Options	  	7
			
	 ARTICLE V.
	 	 VALUATION OF INVESTMENT OPTIONS
	  	8
	 5.01
	 	Value of Non-Unitized Investment Options	  	8
	 5.02
	 	Value of Unitized Investment Options	  	8
			
	 ARTICLE VI.
	 	 MAINTENANCE OF RECORDS
	  	8
	 6.01
	 	Recordkeeping Accounts	  	8
	 6.02
	 	Maintenance and Valuation of Recordkeeping Accounts For Non-Unitized Investment Options	  	8
	 6.03
	 	Maintenance and Valuation of Recordkeeping Accounts For Unitized Investment Options	  	8
	 6.04
	 	No Right to Trust Fund Assets	  	9
	 6.05
	 	Records of Trustee	  	9
	 6.06
	 	Reports to Employers	  	9
	 6.07
	 	Reports to ABA RF	  	10
	 6.08
	 	Governmental Filings	  	10
			
	 ARTICLE VII.
	 	 TRANSFER BETWEEN INVESTMENT OPTIONS
	  	10
			
	 ARTICLE VIII.
	 	 PAYMENTS FROM THE TRUST FUND
	  	11
	 8.01
	 	Withdrawals and Benefit Payments	  	11
	 8.02
	 	Protection of Trustee	  	11
	 8.03
	 	Reliance on Written, Telephonic or Other Directions	  	11
	 8.04
	 	Transfers Between Investment Options Upon Death	  	12
	 8.05
	 	Investment of Forfeitures	  	12
			
	 ARTICLE IX.
	 	 DISQUALIFICATION OF EMPLOYER PLANS
	  	12
			
	 ARTICLE X.
	 	 THE TRUSTEE
	  	13
	 10.01
	 	Powers of Trustee	  	13
	 10.02
	 	Ownership of Trust Fund	  	16
	 10.03
	 	Appointment and Removal or Resignation of Trustee	  	16
	 10.04
	 	Appointment of Successor Trustee	  	17
	 10.05
	 	Treatment of Trust Fund Upon Appointment of Successor Trustee	  	17
	 10.06
	 	Duties of Trustee	  	17
	 10.07
	 	Prohibited Transactions	  	17
	 10.08
	 	Protection of Trustee	  	17

  

 (ii) 

					
	 10.09
	 	Bonding	  	18
	 10.10
	 	Suspension of Valuations and Withdrawal Rights	  	18
			
	 ARTICLE XI.
	 	 PAYMENT OF FEES AND EXPENSES
	  	18
			
	 ARTICLE XII.
	 	 SPENDTHRIFT PROVISION
	  	19
			
	 ARTICLE XIII.
	 	 TERMINATION OF SPONSORSHIP
	  	19
			
	 ARTICLE XIV.
	 	 AMENDMENTS
	  	19
			
	 ARTICLE XV.
	 	 ARBITRATION OF DISPUTES.
	  	19
			
	 ARTICLE XVI.
	 	 MISCELLANEOUS
	  	20
	 16.01
	 	Exclusive Benefit Rule	  	20
	 16.02
	 	Advice of Counsel	  	20
	 16.03
	 	Necessary Parties	  	20
	 16.04
	 	Controlling Law	  	20
	 16.05
	 	Acceptance by ABA RF	  	20
	 16.06
	 	Notices, Accountings and Reports of Trustee to Employers	  	20
	 16.07
	 	Communications Between ABA RF and Trustee	  	21
	 16.08
	 	Trust Fund Governed by Agreement	  	21
	 16.09
	 	Notices, Designations and Elections Filed with Trustee	  	22
	 16.10
	 	Construction of Agreement	  	22
	 16.11
	 	Construction of Terms	  	22
	 16.12
	 	References	  	22
	 16.13
	 	Waiver	  	22
	 16.14
	 	Good Faith	  	22
	 16.15
	 	Actions by Trustee	  	22
	 16.16
	 	Successors and Assigns	  	22
	 16.17
	 	Execution of Agreement	  	22
	 16.18
	 	Authority	  	23

  

 (iii) 

 AMERICAN BAR ASSOCIATION 
 MEMBERS RETIREMENT TRUST 
 THIS TRUST AGREEMENT (the “Agreement”) is
amended and restated effective as of the first day of May, 2009, by and between the ABA Retirement Funds, an Illinois not-for-profit corporation (“ABA RF”), and State Street Bank and Trust Company, a trust company organized and existing
under the laws of The Commonwealth of Massachusetts (the “Trustee”). 
 W I T N E S S E T H: 
 WHEREAS, ABA RF established the American Bar Association Members Retirement Trust (the “Trust”) effective as of January 1, 1984 as a
continuation and restatement of both the American Bar Retirement Association Master Retirement Trust and the American Bar Retirement Association Master Pooled Trust for Corporate Retirement Plans; 
 WHEREAS, this Agreement was amended and restated effective as of January 1, 1992 (the “1992 Restatement”) to reflect, among other things,
the appointment of State Street Bank and Trust Company (“State Street”) as Trustee of the Trust, effective as of such date; and 
 WHEREAS, ABA RF and the Trustee desire to modify their relationship pursuant to this Agreement as an amendment and restatement of the 1992 Restatement, effective as of May 1, 2009, whereby the Trustee no longer will be responsible for
plan and participant level recordkeeping services; 
 NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties
and undertakings, and subject to the terms and conditions, hereinafter set forth, the parties hereto agree as follows: 
 ARTICLE I. Continuation, Purpose
and Intent of Trust 
 1.01 Continuation of Trust. ABA RF and the Trustee hereby continue the American Bar Association Members
Retirement Trust. 
 1.02 Purpose of the Trust. The purpose of the Trust is to implement employee pension and profit sharing plans
that are qualified under Section 401(a) and related provisions of the Code and ERISA and that are established pursuant to an Employer’s adoption of either or both of the ABA Members Plans. 
 1.03 Governing Documents. The rights, powers, titles, duties, discretions, immunities and obligations of the Trustee shall be governed by this
Agreement, the ABA Members Plans, the ABA Members Collective Trust, the Administrative and Investment Services Agreement, the Program Interface Agreement and the terms of any supplementary agreement entered into between ABA RF and the Trustee.

 1.04 Meaning of Words, Terms and Phrases. Words, terms or phrases which are defined in the ABA Members Plans or this Agreement are
similarly defined for purposes of the other document unless the meaning thereof is otherwise qualified by the context of the language in which such words, terms or phrases are used. 

 1.05 Intent to Qualify. The Trust continued hereby is designated as a part of each Employer Plan
that is a plan intended to meet the requirements of Sections 401(a) and related provisions of the Code and ERISA and is intended to qualify as a tax-exempt trust under Section 501(a) of the Code. 
 1.06 Program Recordkeeper. Notwithstanding any other provision of this Agreement, the parties intend that all instructions, directions, notices,
reports, elections and other information that is expressly or implicitly required or permitted under this Agreement between Participants and Employers, on the one hand, and the Trustee, on the other hand will be effected through the Program
Recordkeeper in accordance with procedures contained in the Program Interface Agreement or otherwise agreed to by State Street and the Program Recordkeeper (and any reference in this Agreement to “procedures contained in the Program Interface
Agreement” or similar language shall be deemed to mean and include any other procedures agreed upon by State Street and the Program Recordkeeper). In the event any Employer or Participant or any agent of an Employer Plan communicates or
attempts to communicate with the Trustee directly, subject to applicable law, the Trustee shall have no obligation to review, respond to or otherwise deal with such communication and shall have no responsibility for its action or failure to act with
respect to such communication; provided, that State Street shall refer such communication to the Program Recordkeeper. 
 ARTICLE II. Definitions

 2.01 “ABA Members Collective Trust” means the American Bar Association Members/State Street Collective Trust, a group
trust established pursuant to a Declaration of Trust dated as of August 8, 1991, as amended and in effect from time to time, and maintained by State Street (or its Affiliates), for the purpose of providing certain Investment Options under this
Trust. 
 2.02 “ABA Members Pension Plan” means the American Bar Association Members Defined Benefit Pension Plan, as
amended and in effect from time to time. 
 2.03 “ABA Members Plans” means the ABA Members Retirement Plan and the ABA
Members Pension Plan, collectively. 
 2.04 “ABA Members Retirement Plan” means the American Bar Association Members
Retirement Plan, as amended and in effect from time to time. 
 2.05 “ABA RF” means the ABA Retirement Funds, an Illinois
not-for-profit corporation, and any successor through which qualified retirement plans are offered to Qualified Employers. 
 2.06
“Administrative and Investment Services Agreement” means the agreement effective as of the Effective Date between State Street and ABA RF, and as amended and in effect from time to time. 
 2.07 “Affiliate” means any person or entity, including any general partnership, limited partnership, corporation, joint venture,
business trust or similar organization, that controls, is controlled by, or is under common control with, the Trustee. 
  

 2 

 2.08 “Business Day” means any day on which the New York Stock Exchange is open for
trading and on which the Trustee’s principal office is open for business. Any other reference in this Trust to a “day,” “week,” “quarter,” or “year” shall mean, respectively, a calendar day, a calendar
week, a calendar quarter or a calendar year. 
 2.09 “Closed Option” means any investment to which Participants and/or
Employer Plans are no longer permitted to make contributions or transfers (by agreement between ABA RF and the Trustee), but which continues to represent an investment under the Trust. 
 2.10 “Code” means the Internal Revenue Code of 1986, as amended and in effect from time to time, and any regulations promulgated
thereunder. 
 2.11 “Effective Date” means May 1, 2009, which is the effective date of this amended and restated Trust.

 2.12 “Employer” means (a) any Qualified Employer that adopts an ABA Members Plan, and (b) any successor to any
such Qualified Employer that agrees to continue the Employer Plan. 
 2.13 “Employer Plan” means any employee pension or
profit sharing plan intended to be qualified under Section 401(a) of the Code and established and maintained by an Employer pursuant to either of the ABA Members Plans. 
 2.14 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended and in effect from time to time, and any regulations
promulgated thereunder. 
 2.15 “Fund” means any collective investment fund that is established from time to time under the
ABA Members Collective Trust. 
 2.16 “Investment Option” means any investment offered to or obtained for Participants and
Employer Plans under the Trust in accordance with the Administrative and Investment Services Agreement, including the Funds, the Self-Managed Option and any Closed Option. 
 2.17 “Non-Unitized Investment Option” means an Investment Option valued pursuant to Section 5.01. 
 2.18 “Participant” means any person for whom benefits under an Employer Plan are provided under the Trust including, where the context
so requires, (a) a beneficiary designated under the terms of the ABA Members Plans to receive a benefit after the death of a Participant and (b) an alternate payee of any Participant with respect to whom an Employer gives written notice to
the Trustee of such person’s status as an alternate payee entitled to benefits under the Trust in accordance with a qualified domestic relations order as defined in Section 414(p) of the Code. 
 2.19 “Participation Agreement” means an agreement under which an Employer has adopted an ABA Members Plan and the Trust. 
  

 3 

 2.20 “Preexisting Plan” means an employee pension or profit sharing plan for which
either the ABA Members Pension Plan or the ABA Members Retirement Plan has been substituted in accordance with Article I of the respective ABA Members Plan. 
 2.21 “Prior Plan Account” means any account established and maintained for amounts attributable to Employer contributions under another qualified plan and transferred to the Trustee in accordance with
the applicable provisions of the ABA Members Pension Plan. 
 2.22 “Program” means the program sponsored by ABA RF for
Qualified Employers, known as of the Effective Date as the ABA Retirement Funds Program, as amended from time to time. 
 2.23
“Program Interface Agreement” means the agreement between the Trustee and the Program Recordkeeper, as in effect from time to time, regarding, among other things, the procedures for making payments to the Trust, providing investment
direction to the Trustee, transferring amounts between Investment Options, maintaining Trust Accounts and other records, making payments from the Trust and for providing notice to and from the Trustee. 
 2.24 “Program Recordkeeper” means the organization or entity engaged by ABA RF to provide recordkeeping, administrative, marketing and
communications services for the Program. As of the date hereof, the Program Recordkeeper is ING Institutional Plan Services, LLC, acting on behalf of its affiliate, ING Life Insurance and Annuity Company. 
 2.25 “Qualified Bar Association” means an organization of lawyers that is represented in the House of Delegates of the American Bar
Association. 
 2.26 “Qualified Employer” means (a) any sole practitioner, partnership, corporation or association
engaged in the practice of law, provided that the sole practitioner or at least one partner of the partnership or one shareholder of the corporation is a member or associate of the American Bar Association or of a Qualified Bar Association,
(b) the American Bar Association, (c) any Qualified Bar Association, and (d) any organization that does not engage in the practice of law but is closely associated with the legal profession, which receives the approval of ABA RF, and
which has as an owner or a member of its governing board a member or associate of the American Bar Association. 
 2.27 “Self-Managed
Option” means an Investment Option made available under the Trust and established by the agreement of ABA RF and the Trustee pursuant to which Employer Plans and/or Participants may designate the investment of the assets of the Employer
Plans or of the Participants’ accounts, as the case may be, in investments selected by such Employer or the Participant, in accordance with such terms and conditions as may be adopted pursuant to Section 3.02 of the Administrative and
Investment Services Agreement. 
 2.28 “State Street” means State Street Bank and Trust Company, a trust company organized
and existing under the laws of The Commonwealth of Massachusetts. 
 2.29 “Transaction Date” means any Business Day on which
an addition or withdrawal is made to or from one of the Trust Accounts. 
  

 4 

 2.30 “Trust” means this American Bar Association Members Retirement Trust, as amended
and in effect from time to time. 
 2.31 “Trust Accounts” means the accounts maintained by the Trustee for each Investment
Option pursuant to Section 6.01. 
 2.32 “Trustee” means State Street, or any successor trustee appointed pursuant to
Section 10.04. 
 2.33 “Trust Fund” means the assets held in trust under this Agreement, consisting of the
contributions received by the Trustee, together with the earnings and increments thereon, less disbursements and losses therefrom. 
 2.34
“Unitized Investment Option” means an Investment Option valued pursuant to Section 5.02. 
 2.35 “Valuation
Date” means each Business Day of the year. 
 ARTICLE III. Adoption of Trust 
 Any Employer that adopts an ABA Members Plan shall also adopt the Trust as part of the ABA Members Plan. Such adoption is accomplished by the Employer
duly authorizing, executing and forwarding to the Trustee the appropriate form of Participation Agreement and will become effective upon execution of such Participation Agreement by the Employer, or upon such other effective date as is specified in
such Participation Agreement. 
 By adopting the ABA Members Plans and the Trust, and by continuing its Employer Plan hereunder, the Employer
is the named fiduciary for the selection of the Investment Options as the investments to be made available under the Employer Plan of such Employer. Neither the Trustee nor ABA RF shall be liable for any loss that results from the Employer’s
decision to adopt the Trust, to continue to participate in the Trust and to make the Investment Options available as the investments under its Employer Plan. 
 ARTICLE IV. Payments to and Investment of Trust Fund 
 4.01 Payments to Trustee. An Employer, on behalf of itself and
its employees who are Participants, may from time to time remit contributions under its Employer Plan, or transfer funds from any trust under a Preexisting Plan of the Employer, to the Trustee pursuant to procedures contained in the Program
Interface Agreement. Such contributions and funds, together with any income thereon, shall be held in trust for the exclusive benefit of Participants. No one other than an Employer or the trustee of a trust under a Preexisting Plan may remit
contributions or transfer funds to the Trustee to be held as part of the Trust Fund. The Trustee shall be accountable to the Employer for the amounts so remitted or funds so transferred, and shall administer such amounts for the exclusive benefit of
the Participants with respect to whom such amounts were received. The Trustee shall have no right or duty to verify that the contributions received by it comply with the provisions of the relevant Employer Plan or to enforce collection of any
contributions from the Employer or any Participant. In the event that the Trustee receives contributions which the Trustee believes to be incorrect, upon receipt of 

  

 5 

 
such contributions the Trustee shall, pursuant to procedures contained in the Program Interface Agreement, attempt to contact the Employer in order to
clarify or correct such contributions. The Trustee shall be relieved of any liability for interest or income if it refuses in the exercise of its reasonable fiduciary judgment to deposit such contributions in the Trust until the issue is resolved.

 4.02 Form of Payment. All payments to the Trust Fund shall be remitted by check or other instrument payable in United States
currency to the Trustee at the address specified by it pursuant to procedures contained in the Program Interface Agreement. Payments may be made by any other method requested by the Employer and acceptable to the Trustee and may be made at such time
or times as shall be reasonably acceptable to the Trustee. 
 4.03 Investment Directions Furnished to Trustee. The Trustee shall,
pursuant to procedures contained in the Program Interface Agreement, invest the assets of the Trust which are attributable to any Employer Plan in the Investment Options in accordance with the direction of the Participants or Employer, as the case
may be, as described under (a) or (b) below. Each Employer shall, pursuant to procedures contained in the Program Interface Agreement, furnish or cause to be furnished to the Trustee in a form acceptable to the Trustee such information as
may be required by the Trustee for purposes of administering and investing the assets of the Trust, including the following: 
 (a) If the Employer has adopted the ABA Members Retirement Plan, with each contribution remitted or transfer made to the Trustee pursuant to Section 4.01, the Employer shall provide a statement, in writing or pursuant to the Program
Recordkeeper’s telephonic response system, showing the amount and the type of each contribution or transfer made on behalf of each of its employees who is a Participant. The Employer shall furnish (or cause to be furnished) to the Trustee
election forms (in the form prescribed from time to time by the Trustee), or Participants shall provide recorded telephonic directions, as the case may be, designating the portion of the contributions or transfers made on behalf of each Participant
to be invested in each Investment Option. To the extent that no investment direction is provided by the Employer or a Participant, such amount shall be invested in the Stable Asset Return Fund established under the ABA Members Collective Trust or
such other Fund as is designated by the Employer in its Participation Agreement for such purpose. If an Employer selected a Fund in its Participation Agreement for such purpose that is being eliminated or closed and the Employer received notice
thereof and did not provide affirmative investment direction as requested by such notice, then such amount shall be invested in the Fund designated in such notice as a successor to such eliminated or closed Fund. 
 (b) If the Employer has adopted the ABA Members Pension Plan, with each contribution remitted or transfer made to the Trustee pursuant to
Section 4.01, the Employer shall provide a statement, in writing or pursuant to the Program Recordkeeper’s telephonic response system and indicating the amount and type of each transfer for each employee who is a Participant. The Employer
shall furnish to the Trustee an election form (in the form prescribed from time to time by the Trustee), or shall provide a recorded telephonic direction, as the case may be, designating the portion of the contributions or transfers to be invested
in each Investment Option. To the extent 

  

 6 

 
that no investment direction is provided by the Employer, such amount shall be invested in the Stable Asset Return Fund established under the ABA Members
Collective Trust or such other Fund as is designated by the Employer in its Participation Agreement for such purpose. If an Employer selected a Fund in its Participation Agreement for such purpose that is being eliminated or closed and the Employer
received notice thereof and did not provide affirmative investment direction as requested by such notice, then such amount shall be invested in the Fund designated in such notice as a successor to such eliminated or closed Fund. 
 4.04 Application of ERISA Section 404(c). To the extent that the Participants direct investment of their accounts under the ABA Members
Retirement Plan (or Prior Plan Accounts under the ABA Members Pension Plan), Section 404(c) of ERISA is intended to apply and, to the extent applicable, shall apply, and neither the Trustee nor ABA RF shall be liable for any loss that results
from the Participants’ exercise of such investment control. 
 4.05 Limitation on Liability if Employer Directs Investment. To
the extent that the Employer directs investment under the ABA Members Pension Plan, the Employer shall be deemed to be a named fiduciary with respect to all such investment decisions, and neither the Trustee nor ABA RF shall be liable for any loss
that results from the Employer’s exercise of control over the allocation of the assets of the Trust attributable to such Employer’s Plan among the Investment Options. 
 4.06 Timing of Payments to Investment Options. The Trustee shall, pursuant to procedures contained in the Program Interface Agreement, remit
promptly all amounts received by it as follows: 
 (a) amounts to be invested in the Funds shall be deposited in the appropriate Fund as of
the next Valuation Date; and 
 (b) amounts to be invested in any other Investment Option shall be remitted promptly to the appropriate
entity as required by the terms of the applicable instruments or documents establishing such Investment Option and until the amounts are remitted shall be invested in the Stable Asset Return Fund. 
 The time by which contributions must be received by the Trustee in order to be deposited in the Trust on the same Business Day shall be established under
rules adopted by the Trustee consistent with (y) the terms of the instruments and documents pursuant to which the respective Investment Options are established and (z) any applicable requirements of Section 404(c) of ERISA and any
regulations promulgated thereunder. The Trustee shall furnish to ABA RF thirty (30) days prior written notice of the establishment of any such rules, or any changes therein; provided, however, that the Trustee may establish, or make changes in,
any such rules upon five (5) Business Days’ notice to ABA RF if the Trustee reasonably determines such establishment or amendment is necessary or appropriate and may make such amendments with concurrent notice to ABA RF if it reasonably
determines that such urgent action is necessary. The Trustee shall furnish reasonable notice of the establishment of any such rules, or any changes therein, to Employers. 
  

 7 

 ARTICLE V. Valuation of Investment Options 
 5.01 Value of Non-Unitized Investment Options. The value of any portion of a Trust Account invested in an Investment Option that is not maintained
on the basis of units reflecting interests therein at any time shall be equal to the amount of contributions and investment income or losses attributable to such contributions, and minus expenses and withdrawals, allocated to such Investment Option,
all as provided for in the applicable instruments or documents establishing such Investment Option. 
 5.02 Value of Unitized Investment
Options. The value of any portion of a Trust Account in an Investment Option that is maintained on the basis of units reflecting interests therein at any time shall be equal to the number of units of such Investment Option held by the Trust
multiplied by the applicable unit value for that day. Whenever any amount is allocated to or withdrawn from a Unitized Investment Option, the Investment Option shall be charged or credited, as the case may be, with Investment Option units. The
number of Investment Option units with respect to any transaction shall be determined by dividing the amount of the transaction by the Investment Option unit value for that day. The Investment Option unit value for any day is determined under the
applicable rules set forth in the instruments or documents governing such Investment Option. 
 ARTICLE VI. Maintenance of Records 
 6.01 Recordkeeping Accounts. The Trustee shall, pursuant to procedures contained in the Program Interface Agreement, maintain Trust Accounts and
such other accounts and information as the Trustee determines to be necessary, including, without limitation, records for each Investment Option as shall be necessary or appropriate to allow the Program Recordkeeper to reconcile on an aggregate
basis its records of the amount of each Employer Plan in each Investment Option. 
 6.02 Maintenance and Valuation of Recordkeeping
Accounts For Non-Unitized Investment Options. The value on any Valuation Date of any Trust Account maintained pursuant to Section 6.01 reflecting an investment in any Non-Unitized Investment Option shall be equal to the value of that Trust
Account as of the last preceding Transaction Date plus investment income and minus fees, expense charges and, if applicable, investment losses or interest rate adjustments, if any, for the period since such preceding Transaction Date, plus the
amount of any addition and less the amount of any withdrawal on such Valuation Date. In the event that any such Investment Option does not provide for daily valuations, the interest of a Trust Account in any such Investment Option shall be valued
using the Investment Option valuation date coincident with or next preceding the Valuation Date. 
 6.03 Maintenance and Valuation of
Recordkeeping Accounts For Unitized Investment Options. The value on any Valuation Date of any Trust Account maintained pursuant to Section 6.01 reflecting an investment in any Unitized Investment Option shall be equal to the number of
Investment Option units allocable to that Trust Account multiplied by the Investment Option unit value for that Valuation Date. The number of Investment Option units allocable to that Trust Account as of any Valuation Date shall be equal to the
number of Investment Option units allocable to that Trust Account as of the last preceding Transaction Date plus the number of any 

  

 8 

 
additional units allocated to, and minus the number of any units withdrawn from, that Trust Account on such Valuation Date. In the event that any such
Investment Option does not provide for daily valuations, the interest of a Trust Account in any such Investment Option shall be valued using the Investment Option valuation date coincident with or next preceding the Valuation Date. 
 6.04 No Right to Trust Fund Assets. The designation or maintenance of any Trust Account under an Employer Plan or this Agreement shall not give
any Employer or Participant or any other person any severable right or interest in any individual assets of the Trust Fund or of any Investment Options, except as otherwise provided herein. 
 6.05 Records of Trustee. The Trustee shall maintain records of all receipts, disbursements, allocations to Trust Accounts and of other
transactions hereunder. All accounts, books and records relating to an Employer Plan shall be available for inspection by such Employer, and by any person such Employer may designate for such purpose, at the Trustee’s principal office in
Boston, Massachusetts (or such other office as the Trustee may designate) during normal business hours. All accounts, books and records relating to the ABA Members Plans shall be available for inspection by ABA RF, and by any person ABA RF may
designate for such purpose, at the Trustee’s principal office in Boston, Massachusetts (or such other office as the Trustee may designate) during normal business hours. ABA RF may request from the Trustee copies of such accounts, books and
records, provided that such request is reasonable, taking into consideration both the timing and scope of such request. 
 6.06 Reports to
Employers. The Trustee shall furnish annual reports to each Employer showing the value of the Trust Accounts maintained under its Employer Plan pursuant to Section 6.01 as of the close of the period covered by that report, the amount of
contributions made during such period under its Employer Plan and such other information as the Trustee deems appropriate. Such reports shall be furnished within one hundred twenty (120) days of the close of the period covered by the report.
Such annual reports shall also be available for inspection by ABA RF, or any person ABA RF may designate for that purpose, at the Trustee’s principal office in Boston, Massachusetts (or such other office as the Trustee may designate) during
normal business hours. The Employer may approve such report by an instrument in writing delivered to the Trustee or by failure to file written objection within one hundred twenty (120) days from the date of mailing such report to the Employer.
If an objection to specific items in such account are filed with the Trustee within such one hundred twenty (120) day period and the Trustee believes such objections to be valid, the Trustee shall adjust the account in such manner as it deems
equitable under the circumstances. The objecting Employer shall be notified by the Trustee of any adjustments so made. If 
 (a) the Employer
approves such account, or 
 (b) no objections to specific items in such account are filed with the Trustee by the Employer within one
hundred twenty (120) days after the account has been furnished, or 
 (c) the Trustee shall give notice of an adjustment of the account
to the Employer and if legal proceedings are not commenced against the Trustee within sixty (60) days after notice of such adjustment has been furnished, 
  

 9 

 then, to the extent permitted by applicable law, the account of the Trustee, with respect to all matters contained
therein (as originally furnished if no adjustment was made, or as adjusted if an adjustment was made), shall be deemed to have been approved with the same effect as though judicially approved by a court of competent jurisdiction in a proceeding in
which all persons interested were made parties and were properly represented before such court. The Trustee, nevertheless, shall have the right to have its accounts settled by judicial proceeding if it so elects, in which case the only necessary
parties shall be the Trustee and ABA RF. 
 6.07 Reports to ABA RF. The Trustee shall furnish a written account of the operation of
the Trust for the preceding fiscal year of the Trust to ABA RF within one hundred twenty (120) days of the close of the period covered by the report. ABA RF may approve such account by an instrument in writing delivered to the Trustee or by
failure to file written objection within one hundred twenty (120) days. If objections to specific items in such account are filed with the Trustee within such one hundred twenty (120) day period and the Trustee believes such objections to
be valid, the Trustee shall adjust the account in such manner as it deems equitable under the circumstances. ABA RF shall be notified by the Trustee of any adjustments so made. If 
 (a) ABA RF approves such account, or 
 (b)
no objections to specific items in such account are filed with the Trustee by ABA RF within one hundred twenty (120) days after the account has been furnished, or 
 (c) the Trustee shall give notice of an adjustment of the account to ABA RF and if legal proceedings are not commenced against the Trustee within sixty (60) days after notice of such adjustment has been
furnished, 
 then, to the extent permitted by applicable law, the account of the Trustee, with respect to all matters contained therein (as originally
furnished if no adjustment was made, or as adjusted if an adjustment was made), shall be deemed to have been approved with the same effect as though judicially approved by a court of competent jurisdiction in a proceeding in which all persons
interested were made parties and were properly represented before such court. The Trustee, nevertheless, shall have the right to have its accounts settled by judicial proceeding if it so elects, in which case the only necessary parties shall be the
Trustee and ABA RF. 
 6.08 Governmental Filings. The Trustee shall file such governmental filings as are required of it under ERISA
as the Trustee of the Trust. 
 ARTICLE VII. Transfer Between Investment Options 
 Under each Employer Plan, all or any portion of amounts in any Investment Option (other than any amount applied to provide benefits under the Employer
Plan) may be transferred, pursuant to procedures contained in the Program Interface Agreement, from any such Investment Option to another such Investment Option by notice (either written or in such other form as may be authorized by the Trustee) to
the Trustee by (a) the Participant (i) in the case of an Employer Plan established pursuant to the ABA Members Retirement Plan and (ii) in the case of a Prior Plan Account in an Employer Plan established pursuant to the ABA Members
Pension Plan and (b) by the Employer in the case of an Employer Plan established pursuant to the ABA Members 

  

 10 

 
Pension Plan, subject to the terms of the instruments or documents pursuant to which such Investment Options are established. Such transfer shall become
effective on the first Business Day which is a Valuation Date for the Investment Option from which the transfer is made on or after the later of (u) receipt by the Trustee of such notice or (v) the date specified in such notice. In the
event a transfer is requested to or from an Investment Option that does not provide for valuation on each Business Day, such transfer shall become effective on the first Business Day which is a Valuation Date for both Investment Options. 

The time by which a transfer instruction must be made in order to become effective on the same Business Day, the number of such transfers which may be
made in any one calendar year and the rules as to the effective date of transfers between two Investment Options both of which do not provide for valuation on each Business Day shall be established under rules adopted by the Trustee consistent with
(x) the terms of the instruments and documents pursuant to which the respective Investment Options are established, (y) any applicable requirements of Section 404(c) of ERISA and any regulations promulgated thereunder and
(z) procedures contained in the Program Interface Agreement. The Trustee shall furnish to ABA RF thirty (30) days prior written notice of the establishment of any such rules, or any changes therein; provided however that the Trustee may
establish or make changes in any such rules upon five (5) Business Day’s notice to ABA RF if the Trustee reasonably determines such establishment or amendment is necessary or appropriate and may make such amendments with concurrent notice
to ABA RF if it reasonably determines that such urgent action is necessary. The Trustee shall furnish reasonable notice of the establishment of any such rules, or any changes therein, to Employers. 
 ARTICLE VIII. Payments From the Trust Fund 
 8.01
Withdrawals and Benefit Payments. A Participant may elect to make withdrawals and to receive benefits pursuant to the terms of the ABA Members Plans. The Trustee shall make payments pursuant to procedures contained in the Program Interface
Agreement, by its check to the order of the payee, who shall be the Participant, or by any other requested method acceptable to the Trustee. Payments or other distributions hereunder may be mailed to the Participant at the address of such
Participant maintained on the records of the Trustee, or if no such address is available, the address determined pursuant to Section 16.06 hereof. 
 8.02 Protection of Trustee. The Trustee (a) shall be fully protected from all claims of a Participant or Employer or any other agent of an Employer Plan in making payments under Section 8.01 pursuant
to procedures contained in the Program Interface Agreement, and (b) shall not be liable for any payments made without knowledge of the changed condition or status of any person receiving payments thereunder, except to the extent that the
Trustee breaches its fiduciary duty regarding, or is negligent in, the implementation of the directions of the Participant or Employer. 
 8.03 Reliance on Written, Telephonic or Other Directions. Except as otherwise authorized by the Trustee, any action by an Employer or a Participant pursuant to any of the provisions hereof shall be evidenced by an instrument in
writing, a recorded telephonic direction or by other electronic means, as the case may be, or as otherwise required or permitted by the Program Recordkeeper and agreed to by the Trustee. The Trustee shall be fully protected in acting in accordance
with any such instrument or telephonic or other electronic direction or any 

  

 11 

 
other direction permitted hereunder which does not appear to the Trustee to be invalid on its face. 
 8.04 Transfers Between Investment Options Upon Death. Upon the death of a Participant in an Employer Plan under the ABA Members Plans, the Trustee
shall transfer all amounts held in the Trust Fund on behalf of the Participant, and which are invested in any other Unitized Investment Option to the Stable Asset Return Fund established under the ABA Members Collective Trust or such other fund as
is designated by the Employer in its Participation Agreement for such purpose, unless the Participant has duly elected before death not to have such transfer made, in which case no change shall be made following the Participant’s death in the
manner in which the Participant’s Trust Account is invested. If an Employer selected a Fund in its Participation Agreement for such purpose that is being eliminated or closed and the Employer received notice thereof and did not provide
affirmative investment direction as requested by such notice, then such amount shall be invested in the Fund designated in such notice as a successor to such eliminated or closed Fund. In either event, a Participant’s Trust Account shall
continue to be invested in accordance with the preceding sentences until instructions to the contrary are received from the Participant’s beneficiary pursuant to procedures contained in the Program Interface Agreement. This Section 8.04
shall apply to an Employer Plan established and maintained under the ABA Members Pension Plan only with respect to the Prior Plan Accounts, if any, of a deceased Participant in such Employer Plan. 
 8.05 Investment of Forfeitures. Forfeitures of Participant Accounts which occur pursuant to Section 4.2(e) or 6.1(b) of the ABA Members
Retirement Plan shall be withdrawn from the Investment Option in which such amounts were invested at the time of forfeiture (to the extent permitted by the terms of the Investment Option), and shall be invested in the Stable Asset Return Fund
established under the ABA Members Collective Trust or such other fund as is designated by the Employer in its Participation Agreement for such purpose, until reallocated or otherwise utilized in accordance with Section 6.1(b) or 8.3(b) of the
ABA Members Retirement Plan. If an Employer selected a Fund in its Participation Agreement for such purpose that is being eliminated or closed and the Employer received notice thereof and did not provide affirmative investment direction as requested
by such notice, then such amount shall be invested in the Fund designated in such notice as a successor to such eliminated or closed Fund. 
 ARTICLE IX.
Disqualification of Employer Plans 
 If the Trustee receives evidence satisfactory to it that any Employer Plan has failed at any time
to meet the requirements for qualification under Section 401(a) and related provisions of the Code, the amounts in the Trust which are attributable to that Employer Plan (except for fully paid annuity contracts for Participants who are in pay
status) shall be removed from the Trust by the Trustee as soon as administratively feasible. The Trustee shall provide written notice to ABA RF within a reasonable period of time following its receipt of the evidence referred to in the preceding
sentence. The Employer Plan shall no longer participate in the applicable ABA Members Plan and such Employer Plan shall be considered to be an individually-designed employee pension or profit sharing plan. The eventual disposition of amounts removed
from the Trust under this Article with respect to such Employer Plan shall be for the exclusive benefit of 

  

 12 

 
the Participants, except as otherwise provided by Section 14.2 of the ABA Members Pension Plan. 
 ARTICLE X. The Trustee 
 10.01 Powers of
Trustee. Subject to the provisions of this Agreement regarding the establishment of Investment Options and the direction of investments by Employers and Participants among such Investment Options, the Trustee shall have exclusive authority and
discretion to hold, manage, care for and protect the Trust Fund and shall have the following powers and discretions in addition to those conferred by law, but only insofar as such powers and discretions are consistent with the investment objectives,
restrictions and guidelines established with respect to each of the Investment Options by agreement of ABA RF and the Trustee, and the provisions of ERISA: 
 (a) to hold, manage, and control all money and other property at any time forming part of the Trust Fund and, consistent with the investment objectives, restrictions and guidelines for any Investment Option, to invest
and reinvest any or all of the assets of the Trust Fund in any property, real, personal or mixed, tangible or intangible, wherever situated, whether or not productive of income, or consisting of wasting assets, as the Trustee deems proper,
including, without limitation the following: 
 (i) such stocks, common or preferred, bonds, debentures, notes, mortgages and
other evidences of indebtedness or ownership, trust and participation certificates, certificates of deposit, demand or time deposits (including any such deposits bearing a reasonable rate of interest in the Trustee or any Affiliate), bankers’
acceptances, variable and indexed interest notes and investment contracts, repurchase agreements, interests in investment companies, leaseholds, fee titles, beneficial interests in any trusts, equipment trust certificates, contracts for the
immediate or future delivery of financial instruments and other property, foreign currencies, currency contracts for the immediate or future delivery of foreign currency, obligations issued by the United States Government and the agencies and
instrumentalities thereof, irrespective of whether such securities or such property are of the character authorized by any state law from time to time for trust investments. To the extent that the Trustee invests assets allocated to an Investment
Option in deposits of the Trustee or any Affiliate and subject to applicable law and the prohibitions of Section 10.07, the Trustee’s fees payable with respect to such Investment Option shall be reduced by the amount of any fee received by
the Trustee on account of the investment of any assets in any such deposits in the Trustee or an Affiliate; 
 (ii) interests
in or shares of mutual funds or other investment companies (whether or not incorporated and whether or not registered under the Investment Company Act of 1940, as amended, including any such mutual funds or investment companies managed or sponsored
by the Trustee or any of its Affiliates), interests in collective investment trusts, which are exempt from tax under applicable Internal Revenue Service rulings and regulations (including, without limitation, the ABA Members Collective Trust) and
any other collective investment trust maintained by the Trustee or any of its Affiliates for the collective investment of the assets of tax-exempt pension and profit-sharing trusts and while the assets of the Trust Fund are so invested, 

  

 13 

 
such collective investment trusts (and the instruments pursuant to which such trusts are established) shall constitute a part of this Agreement. To the
extent that the Trustee invests assets allocated to an Investment Option in any collective investment fund maintained by the Trustee or any Affiliate and subject to applicable law and the prohibitions of Section 10.07, the Trustee’s fees
payable with respect to such Investment Option shall be reduced by the amount of any management fee received by the Trustee on account of the investment of any assets in any such collective investment fund maintained by the Trustee or an Affiliate;

 (b) to enter into any annuity contract with an insurance company and, subject to the provisions of the Trust, to remit payments to the
insurance company under such contract; 
 (c) to trade in financial options and futures, including index options and options on futures, for
purposes of hedging and similar purposes, but not for speculation, and to execute in connection therewith such account agreements and other agreements in such form and upon such terms as the Trustee deems appropriate; provided, however, that ABA RF
hereby consents to the investment by the Trustee in collective investment trusts which permit trading by the trustee of such collective investment trust in such financial options and futures; 
 (d) to retain any property, real or personal, tangible or intangible, at any time received by it; 
 (e) to sell, convey, transfer, exchange, pledge, grant options on or otherwise dispose of the property of the Trust Fund from time to time in such
manner, for such consideration and upon such terms and conditions as the Trustee, in its discretion, shall reasonably determine; 
 (f)
subject to Section 10.05 of the Administrative and Investment Services Agreement, to employ such brokers, agents, consultants, custodians, depositories, advisers, and legal counsel as may be reasonably necessary or desirable in the
Trustee’s judgment in managing and protecting the Trust including, but not limited to, Affiliates and, subject to applicable law and the prohibitions of Section 10.07, to pay their reasonable expenses and compensation out of the Trust Fund
and to enter into agreements including investment manager agreements, with such persons and entities; 
 (g) to settle, compromise, abandon
or submit to arbitration all claims and demands in favor of or against the Trust and to establish reserves in connection therewith; to commence or defend suits or legal proceedings whenever, in its judgment, any interest of the Trust requires it;
and to represent the Trust in all suits or legal proceedings in any court or before any other body or tribunal; 
 (h) to borrow money, with
or without security, for the Trust; to encumber property of the Trust by mortgages or deeds of trust to secure repayment of indebtedness; to assume existing mortgages or deeds of trust on properties acquired by the Trust; and to acquire properties
subject to existing mortgages or deeds of trust; 
 (i) to vote any security forming part of the Trust either in person or by proxy for any
purpose; to exercise any conversion privilege or subscription right given to the Trustee as the owner of any security forming part of the Trust; to consent to take any action in connection with, 

  

 14 

 
and receive and retain any securities resulting from, any reorganization, consolidation, merger, readjustment of the financial structure, sale, lease or
other disposition of the assets of any corporation or other organization, the securities of which may constitute a portion of the Trust; 
 (j) to cause any securities or other property which may at any time form a part of the Trust to be issued, held or registered in the individual name of the Trustee, or in the name of its nominee or agent (including any custodian employed by
the Trustee, any nominee of such a custodian, and any depository, clearing corporation or other similar system), or in such form that title will pass by delivery, provided that if held in the name of any such nominee or agent, the records of the
Trustee shall reflect ownership by the Trust; 
 (k) to enter into stand-by agreements for future investment either with or without a
stand-by fee; 
 (l) to lend any securities and to secure the same in any manner, and during the term of such loan to permit the securities
so lent to be transferred in the name of and voted by the borrower, or others, provided that in lending securities of the Trust the Trustee shall comply with ERISA Prohibited Transaction Class Exemption 2006-16 to the extent applicable; 

(m) to collect and receive any and all money and other property due to the Trust and to give full discharge thereof; 
 (n) to maintain the indicia of ownership of assets outside the United States to the extent permitted by applicable Federal regulations; 
 (o) to organize corporations or partnerships or trusts for the purpose of acquiring and holding title to any property which the Trustee is authorized to
acquire under Subsection 10.01(a); 
 (p) to manage, improve, repair, mortgage, lease for any term and control all property, real or
personal, tangible or intangible, at any time forming part of the Trust upon such terms and conditions as the Trustee, in its discretion, shall determine; 
 (q) to enter into custodian and sub-custodian agreements with one or more banks, including any Affiliate of the Trustee, located outside the United States to the extent permitted by ERISA pursuant to which such
foreign banks will, in addition to acting as custodian, provide brokerage services with respect to Trust Fund assets held in custody, but only if the Trustee has determined that the total compensation paid to such foreign bank is reasonable in light
of all the services being rendered, and, subject to applicable law and the prohibitions of Section 10.07, to pay their reasonable expenses and compensation out of the Trust Fund; 
 (r) pending the selection and purchase of suitable investments, or the payment of expenses or other anticipated distributions, the Trustee may retain in
cash, with liability for interest, such portion of the assets of the Trust Fund as it shall deem reasonable under the circumstances in light of the investment objectives, guidelines and restrictions applicable to the Trust and in light of
anticipated expenses of and distributions from the Trust; provided, however, that the Trustee will not have any such liability for interest if in the reasonable exercise of its fiduciary judgment it determines it is necessary to hold any cash or
assets uninvested pending 

  

 15 

 
such selection and purchase of suitable investments or the payment of expenses or other anticipated distributions. For the purposes of this subsection (r),
the Trustee in the reasonable exercise of its fiduciary judgment may hold a portion of the Trust Fund in accounts bearing a reasonable rate of interest (which shall in no event be less than the interest payable with respect to similar accounts) or
checking or demand deposit accounts, including any such account in a bank acting as a fiduciary hereunder (including the Trustee and its Affiliates); 
 (s) to begin, maintain, or defend any litigation necessary in connection with the administration of the Trust, except that the Trustee shall not be obligated or required to do so unless it has been indemnified to its
satisfaction against all expenses and liabilities sustained or anticipated by reason thereof; 
 (t) upon direction by the Employer, to pay
any and all taxes of any and all kinds, including without limitation property taxes and income taxes levied or assessed under existing or future laws upon or in respect of any property forming a part of an Employer Plan out of the appropriate
property subject to the terms of any agreements or contracts made with respect to Trust investments which make other provision for such tax payments. The Trustee may assume that any taxes assessed on or in respect of the Trust Fund or its income are
lawfully assessed unless the Employer in writing advises the Trustee that in the opinion of counsel for the Employer such taxes are or may be unlawfully assessed. In the event that the Employer shall so advise the Trustee, the Employer may contest
the validity of any such taxes at its expense in the name of the Trustee; and the Trustee agrees to execute all documents, instruments, claims and petitions necessary or advisable in the written opinion of the Employer or its counsel for the refund,
abatement reduction or elimination of any such taxes; 
 (u) to the extent reasonably necessary in the exercise of the fiduciary judgment of
the Trustee, to retain any funds or property subject to any dispute without liability for payment of interest, or to decline to make payment or delivery thereof until final adjudication is made by a court of competent jurisdiction; 
 (v) to lend to Participants in any Employer Plan such amounts and upon such terms and conditions as the Employer may direct provided such loan is in
accordance with the ABA Members Retirement Plan. Any such direction shall be deemed to include a certification by the Employer that such lending is in accordance with the provisions of ERISA and its Employer Plan; and 
 (w) to perform any and all other acts necessary or appropriate for the proper administration of the Trust Fund and, in the exercise of any power or
discretion, to execute and deliver all proper and necessary instruments and give full receipts and discharges. 
 10.02 Ownership of Trust
Fund. All right, title and interest in and to the Trust Fund shall at all times be vested exclusively in the Trustee. 
 10.03
Appointment and Removal or Resignation of Trustee. The Trustee shall be appointed by the Board of Directors of ABA RF, and shall hold office until its successor has been duly appointed. The Board of Directors of ABA RF may remove the Trustee
by mailing or delivering written notice of such removal to the Trustee. Such removal shall take effect on the 

  

 16 

 
thirtieth (30th) day following the date such notice is deemed to be given in accordance with Section 16.07. The Trustee may resign by giving like
notice. In either case, the notice may be wholly or partially waived by the party to whom it is due. 
 10.04 Appointment of Successor
Trustee. Upon the resignation or removal of the Trustee, the Board of Directors of ABA RF may appoint a successor Trustee by delivering to the removed or resigning Trustee: (a) an instrument in writing, executed by the Board of Directors of
ABA RF, appointing such successor Trustee; and (b) an acceptance in writing executed by the successor Trustee so appointed. All of the provisions of this Agreement shall apply to such successor Trustee(s) as though it were originally named
herein as Trustee. If ABA RF does not designate a successor as aforesaid, the Trustee may petition any court of competent jurisdiction for appointment of its successor. 
 10.05 Treatment of Trust Fund Upon Appointment of Successor Trustee. Upon the appointment of a successor Trustee, the removed or resigning Trustee shall transfer and deliver the assets in the Trust Fund to such
successor Trustee after reserving such reasonable amount as it deems necessary to provide for any liabilities, expenses or taxes chargeable against the Trust Fund. ABA RF shall have the right to review and approve the amount reserved, which approval
shall not be unreasonably withheld or delayed. The receipt by the successor Trustee and the approval by ABA RF of the final accounting of the removed or resigning Trustee, including its approval of a final accounting with respect to any amounts
reserved under the previous sentence, shall release and discharge the removed or resigning Trustee, except as otherwise provided in ERISA. ABA RF shall have the right to audit, at its own expense, any final accounting rendered by the removed or
resigning Trustee. Any successor Trustee shall be entitled to rely upon any such final accounting and shall have no personal liability whatsoever for the acts or omissions of the predecessor Trustee and the removed or resigning Trustee shall have no
liability whatsoever for the acts or omissions of any successor Trustee. 
 10.06 Duties of Trustee. In exercising the powers
hereinbefore granted to it, the Trustee shall perform all acts within its authority for the exclusive purpose of providing benefits for Participants and shall perform such acts with the care, skill, prudence and diligence under the circumstances
then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. Except as otherwise provided by applicable law, the Trustee shall not be
liable for any act or omission of any person or entity (other than an Affiliate) that either acts as a fiduciary or a service provider for an Employer Plan or trust pursuant to the delegation of responsibility under that plan or trust or under this
Agreement, the ABA Members Collective Trust or the Program Interface Agreement, or has acted as a fiduciary or a service provider to a plan or a trust. 
 10.07 Prohibited Transactions. Neither the Trustee, nor any of its agents in the performance of its duties on behalf of the Trustee, shall cause the Trust to engage in any transaction if such party knows or
should know that such transaction is prohibited under Section 406 of ERISA, unless such transaction is covered by an exemption under Section 408 of ERISA. 
 10.08 Protection of Trustee. Except as otherwise provided by applicable law, the Trustee shall not be liable for any act or omission regarding its obligations under this Agreement made in good faith, without
negligence, and in accordance with any instruction, direction, notice, 

  

 17 

 
report, election or other information delivered to it by the Program Recordkeeper pursuant to the Program Interface Agreement. The Trustee shall be fully
protected in, and shall not incur any liability by reason of its, acting upon any instruction, direction, notice, report, election or other information delivered by ABA RF or the Program Recordkeeper, any Employer, Participant or beneficiary,
pursuant to procedures contained in the Program Interface Agreement, and reasonably believed by the Trustee to be genuine and to be signed or presented by the proper person or persons. 
 10.09 Bonding. The Trustee is exempt from the bonding requirements of Section 412 of ERISA pursuant to Section 412(a)(2) thereof.

 10.10 Suspension of Valuations and Withdrawal Rights. Notwithstanding anything to the contrary in this Agreement, to the extent
reasonably necessary in the exercise of the Trustee’s fiduciary judgment, the Trustee may suspend the valuation of the assets in the Trust, or in any Investment Option, pursuant to Articles V and VI and/or the right of an Employer to remit any
contributions under its Employer Plan, or transfer funds under a Preexisting Plan of the Employer, pursuant to Article IV, the right to make transfers between Investment Options pursuant to Article VII, the right to receive distributions or make
withdrawals from the Trust in accordance with Article VIII, for the whole or any part of any period when (a) any market or stock exchange on which a significant portion of the investments of the Trust or any Investment Option are quoted is
closed (other than for ordinary holidays) or during which dealings therein are restricted or suspended; (b) there exists any state of affairs which, in the opinion of the Trustee, constitutes an emergency as a result of which disposition of the
assets of the Trust or any Investment Option would not be reasonably practicable or would be seriously prejudicial to the Participants; (c) there has been a breakdown in the means of communication normally employed in determining the price or
value of any of the investments of the Trust or any Investment Option, or of current prices on any stock exchange on which a significant portion of the investments of the Trust or any Investment Option are quoted, or when for any reason the prices
or values of any investments owned by the Trust or any Investment Option cannot reasonably be promptly and accurately ascertained; or (d) the transfer of funds involved in the realization or acquisition of any investment cannot, in the
reasonable opinion of the Trustee, be effected at normal rates of exchange. 
 ARTICLE XI. Payment of Fees and Expenses 
 The Trustee may pay out of the assets of the Trust all reasonable expenses and fees of the Trust that may be lawfully charged to the Trust under
applicable laws and regulations and are payable in accordance with the terms of the Administrative and Investment Services Agreement. The expenses payable out of the Trust shall include expenses of litigation and attorneys’ fees, judgments,
fines and amounts paid in settlement if, but only if, (a) the gravamen of the action, suit, proceeding or claim is principally the result of the Trustee, the Trust or the Plans being a stakeholder or (b) the gravamen of the complaint is
not an alleged breach of duty by the Trustee. To the extent appropriate, expenses charged to the Trust in accordance with the preceding sentence may be charged by the Trustee to the particular Employer Plan involved in the action, suit, proceeding
or claim. The Trustee shall be entitled to receive a reasonable fee for its services in accordance with the Administrative and Investment Services Agreement. Such fee 

  

 18 

 
may be charged against the Trust or an Investment Option (as long as the fee charged is uniform for or may be paid directly by the Trust). 
 ARTICLE XII. Spendthrift Provision 
 Except to the
extent required by applicable law, the interests of Participants in the Trust Fund and in the income allocable thereto may not be assigned or used as collateral for a loan except for a loan to a Participant under the provisions of an Employer’s
Plan and shall not be subject to garnishment, attachment, levy or execution of any kind for the debts or defaults of the Trustee, or of any person, natural or legal, having an interest in the Trust Fund. No Participant shall have any right of any
kind whatsoever with respect to the Trust Fund, or any estate or interest therein, other than the right to receive such distributions as are lawfully made out of the Trust Fund, such as when the distributions are due and payable, under the terms of
this Agreement or pursuant to the terms of a qualified domestic relations order (as described in Section 414(p) of the Code and Section 206(d) of ERISA) that the Employer designates as such and files with the Trustee. The Trustee shall not
recognize any attempted alienation or encumbrance of the right or interest hereunder of any Participant. Neither the Trust Fund nor any Trust Accounts shall be liable for or subject to the debts, contracts, liabilities, engagements, or torts of any
person to whom such benefits or funds are payable, nor shall the Trust Fund or any Trust Accounts hereunder be considered an asset of any individual in the event of his bankruptcy. 
 ARTICLE XIII. Termination of Sponsorship 
 If the Board of Directors of ABA RF shall determine that it
is no longer desirable for ABA RF to sponsor an ABA Members Plan as funded by the Trust, it may withdraw such sponsorship and discontinue all or part of the Trust, as applicable, under conditions, established by the Trustee, that will permit each
Employer to continue a separate plan without termination. Notwithstanding the foregoing, the rights and obligations of the parties may be modified by the terms of any separate written agreement between ABA RF and the Trustee, including, without
limitation, the Administrative and Investment Services Agreement in which event the terms of such separate agreement shall control. 
 ARTICLE XIV.
Amendments 
 This Agreement may be amended from time to time by agreement in writing between ABA RF and the Trustee. 
 ARTICLE XV. Arbitration of Disputes. 
 Any dispute or
controversy between ABA RF and the Trustee arising under, out of, in connection with or in relation to this Agreement or the Trust, and any amendments hereof, or the breach hereof, shall be determined and settled by arbitration to be held in a
location agreeable to the Trustee and ABA RF (or, if no location is agreed upon, in Chicago, Illinois) in accordance with the rules then in effect for commercial disputes according to the commercial rules of the American Arbitration Association;
provided, however, that in the discretion of the arbitrator, hearings may be held at such locations as are convenient for the witnesses. In connection with any such arbitration, if the Trustee and ABA RF are unable to agree on a single arbitrator,
then 

  

 19 

 
the Trustee and ABA RF shall each appoint one arbitrator and the two arbitrators so appointed shall appoint a third arbitrator. If either party fails to
appoint an arbitrator, or if the two arbitrators fail to appoint a third arbitrator, the American Arbitration Association, or a similar organization agreeable to ABA RF and the Trustee, shall appoint such arbitrator or arbitrators. Any award
rendered by such arbitrator or arbitrators may include an assessment of expenses (including attorney’s fees and arbitration fees) and shall be conclusive and binding on each and all of the parties, and judgment may be entered thereon by a court
of competent jurisdiction. 
 ARTICLE XVI. Miscellaneous 
 16.01 Exclusive Benefit Rule. At no time prior to the satisfaction of all liabilities with respect to Participants shall any part of the principal or income of the Trust Fund ever be used for, or diverted to,
purposes other than the exclusive benefit of Participants. 
 16.02 Advice of Counsel. The Trustee may consult with counsel, who may
be counsel for ABA RF, in respect of any of its duties and obligations hereunder and may act or refrain from acting in accordance with the written advice of such counsel. 
 16.03 Necessary Parties. In all judicial proceedings affecting the Trust, the Trustee shall be the only necessary party and shall represent ABA RF and all persons, natural or legal, having interests in the
Trust Fund; provided, however, that the Trustee shall give ABA RF prompt written notice of any judicial proceeding affecting the Trust and that ABA RF shall be entitled to retain counsel in connection with any judicial proceeding affecting the
Trust. 
 16.04 Controlling Law. To the extent not superseded by federal law, the laws of The Commonwealth of Massachusetts shall be
controlling on all matters relating to the Trust, and this Agreement, as amended from time to time, shall be administered, construed and enforced in courts situated in that state. 
 16.05 Acceptance by ABA RF. By executing this Agreement, ABA RF shall be deemed to have accepted all powers granted and duties assigned to it
under the ABA Members Plans. 
 16.06 Notices, Accountings and Reports of Trustee to Employers. Notices, accountings and reports
required to be given or furnished by the Trustee to Employers may be given, pursuant to procedures contained in the Program Interface Agreement, by (a) personal delivery (b) delivery by overnight courier (c) facsimile (confirmed by
telephone by the Trustee) or (d) mailing by first class mail, postage prepaid, in all cases addressed to the party involved at the last address or facsimile number of such party recorded in the general files of the Trustee. The date of delivery
in the case of (a) and (b), the date of confirmed facsimile transmittal in the case of (c) or the date of such mailing in the case of (d) for all purposes hereunder shall be deemed to be the date as of which such notice was given or
furnished to the addressee. Any notice required under the Trust may be waived by means of a written instrument executed by the person entitled to notice. 
 16.07 Communications Between ABA RF and Trustee. All notices, requests or other communications to be given by ABA RF or State Street to the other under this Agreement shall be considered as properly given if
(a) delivered in person, (b) delivered by overnight courier 

  

 20 

 
(with signed acknowledgment or receipt) or (c) sent by facsimile, confirmed by telephone by the sender, at the following addresses: 
  

	
	 State Street:

	
	 State Street Bank and Trust Company

	 One Lincoln Street

	 Boston, Massachusetts 02111

	 Attention: Monet T. Ewing

	 Facsimile: (617) 946-9434

	
	 With a copy to:

	
	 State Street Bank and Trust Company

	 1200 Crown Colony Drive

	 Quincy, Massachusetts 02169

	 Attention: Robert E. Fullam, CFA

	 Facsimile: (617) 946-9452

	
	 ABA RF:

	
	 ABA Retirement Funds

	 321 N. Clark Street, 16th Floor

	 Chicago, Illinois 60654-7598

	 Attention: Executive Director

	 Facsimile: (312) 988-5367

 or mailed by first-class United States mail, postage prepaid, registered or certified with return receipt
requested to ABA RF at the above address or to the Trustee at the following address: 
  

	
	 State Street Bank and Trust Company

	 One Lincoln Street

	 Boston, Massachusetts 02111

	 Attention: Monet T. Ewing

 All notices, requests or communications shall be deemed given (y) upon the expiration of five
(5) Business Days after deposit if mailed or (z) upon receipt by the addressee if given in person, by courier or by facsimile. If any communication is tendered to a party and the delivery thereof is refused by such party, such
communication shall be effective upon the tender. Either party may change the address to which notices are to be delivered by written notice to the other party as provided in this Section 16.07. 
 16.08 Trust Fund Governed by Agreement. All interests in the Trust Fund, and all other aspects of the administration, management and investment of
the Trust Fund, shall be governed by this Agreement, the Administrative and Investment Services Agreement, the Program Interface Agreement and by the requirements of applicable laws and regulations. 
  

 21 

 16.09 Notices, Designations and Elections Filed with Trustee. All notices, designations and
elections of Participants of an Employer Plan shall be submitted to the Employer for transmittal to the Trustee pursuant to procedures contained in the Program Interface Agreement, and shall be effective upon actual receipt by the Trustee of
properly completed forms in accordance with the ABA Members Plans; except that the Trustee may in its discretion accept notices, designations and elections directly from Participants in those cases where it is impractical or impossible for the
Employer to submit them and the Employer so notifies the Trustee pursuant to procedures contained in the Program Interface Agreement. All notices, designations, and elections to be transmitted to the Trustee shall be on forms and to the address
specified by the Trustee. 
 16.10 Construction of Agreement. In case any provisions of this Agreement shall be held unlawful or
invalid for any reason, said illegality or invalidity shall not affect the remaining provisions of this Agreement, but shall be fully severable, and the Agreement shall be construed and enforced as if said unlawful or invalid provisions had never
been inserted herein. 
 16.11 Construction of Terms. The singular may include the plural and vice versa, unless the context clearly
indicates to the contrary. The words “hereof,” “herein” and other similar compounds of the word “here” shall mean and refer to the entire Agreement, and not to any particular Section or Article. 
 16.12 References. Unless otherwise stated, all references to Sections and Articles are to Sections and Articles in this Agreement. 
 16.13 Waiver. Any agreement by ABA RF or the Trustee to an extension or waiver of any provision of this Trust shall be valid only if set forth in
an instrument in writing signed by such party, but such waiver or failure to insist on strict compliance with such provision shall not operate as a waiver or estoppel with respect to any subsequent or other failure. 
 16.14 Good Faith. With respect to each provision of this Agreement under which either ABA RF or the Trustee has a duty to the other, both ABA RF
and the Trustee shall have an obligation to consent, respond, agree, provide notice, give and consider comments, negotiate, approve, cooperate and otherwise act in good faith and on a reasonably timely basis. 
 16.15 Actions by Trustee. In the event it should become impossible for the Trustee to perform any act provided for herein, such act shall be
performed which in the judgment of the Trustee will most nearly carry out the intent and purposes hereof, and all parties having an interest therein shall be bound by such act. 
 16.16 Successors and Assigns. The Trustee may not assign its rights and obligations under this Agreement without the prior written consent of ABA
RF. For purposes of this Section 16.16, a merger, reorganization, or transfer of substantially all of the assets of the Trustee to a successor organization shall not constitute an “assignment,” provided that the Trustee is the
survivor in any such transaction. 
 16.17 Execution of Agreement. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, and all of such counterparts shall constitute one and the same instrument, to be sufficiently evidenced by any one such counterpart. 
  

 22 

 16.18 Authority. The parties to this Agreement represent, respectively, that they have duly
authorized the execution, delivery and performance of this Agreement and that neither such execution and delivery nor the performance of their obligations hereunder conflict with or violate any provision of law, rule or regulation, or any instrument
to which either is a party or to which any of their respective properties are subject and that this Agreement is a valid and binding obligation. 
 [SPACE INTENTIONALLY LEFT BLANK] 
  

 23 

 IN WITNESS WHEREOF, the ABA RETIREMENT FUNDS and the Trustee have caused this amended and restated trust
agreement to be signed by their duly authorized officers this 29th day of June, 2009, effective as of the date first above written. 
  

			
	ABA RETIREMENT FUNDS
		
	By:	 	 /s/ Harry L. Hathaway

		 	President
	
	STATE STREET BANK AND TRUST COMPANY
		
	By:	 	 /s/ Nancy E. Grady

		 	Senior Vice President

  

 24Amended and Restated Administrative and Investment Services Agreement

 Exhibit 10.5 
 ADMINISTRATIVE AND INVESTMENT SERVICES AGREEMENT 
 between 
 State Street Bank and Trust Company 
 and the

 ABA Retirement Funds 
 (As
Amended and Restated Effective May 1, 2009) 

 TABLE OF CONTENTS 
  

					
	ARTICLE 1	    	DEFINITIONS	  	2
	1.01	    	“ABA”	  	2
	1.02	    	“ABA Members Collective Trust”	  	2
	1.03	    	“ABA Members Pension Plan”	  	2
	1.04	    	“ABA Members Plans”	  	2
	1.05	    	“ABA Members Retirement Plan”	  	2
	1.06	    	“Amendment Date”	  	2
	1.07	    	“ABA RF”	  	2
	1.08	    	“ABA RF Program Services Unit”	  	2
	1.09	    	“Affiliate”	  	2
	1.10	    	“Board”	  	2
	1.11	    	“Business Day”	  	2
	1.12	    	“Cause”	  	2
	1.13	    	“Closed Option”	  	3
	1.14	    	“Code”	  	3
	1.15	    	“Effective Date”	  	3
	1.16	    	“Employer”	  	3
	1.17	    	“Employer Plan”	  	3
	1.18	    	“Equitable”	  	3
	1.19	    	“ERISA”	  	3
	1.20	    	“Fund”	  	3
	1.21	    	“Fund Declaration”	  	3
	1.22	    	“Indemnified Person”	  	3
	1.23	    	“Individually Designed Plans”	  	3
	1.24	    	“Investment Advisor”	  	3
	1.25	    	“Investment Advisor Agreement”	  	3
	1.26	    	“Investment Advisor Recommendation”	  	3
	1.27	    	“Investment Fiduciary”	  	4
	1.28	    	“Investment Advisor Removal Recommendation”	  	4
	1.29	    	“Investment Option”	  	4
	1.30	    	“Investment Option Termination Notice”	  	4
	1.31	    	“Investor”	  	4
	1.32	    	“Major Vendor”	  	4
	1.33	    	“Master Trust”	  	4
	1.34	    	“New Investment Option”	  	4
	1.35	    	“New Investment Option Notice”	  	4
	1.36	    	“Northern”	  	4
	1.37	    	“Notice of Termination”	  	4
	1.38	    	“Participant”	  	5
	1.39	    	“Plan”	  	5
	1.40	    	“Pooled Trust”	  	5
	1.41	    	“Program”	  	5
	1.42	    	“Program Data and Records”	  	5
	1.43	    	“Program Interface Agreement”	  	5
	1.44	    	“Program Recordkeeper”	  	5

					
	1.45	    	“Program Services Agreement”	  	5
	1.46	    	“Prospectus”	  	5
	1.47	    	“Qualified Bar Association”	  	6
	1.48	    	“Qualified Employer”	  	6
	1.49	    	“Self-Managed Option”	  	6
	1.50	    	“Service Standards”	  	6
	1.51	    	“State Street”	  	6
	1.52	    	“State Street NH”	  	6
	1.53	    	“Succession Agreement”	  	6
	1.54	    	“Successor Trustee”	  	6
	1.55	    	“Transfer Completion Date”	  	6
	1.56	    	“Transition Event”	  	6
	1.57	    	“Trustee”	  	6
	1.58	    	“Trustee Services”	  	6
	1.59	    	“Trust”	  	7
			
	ARTICLE 2	    	THE ABA MEMBERS COLLECTIVE TRUST AND INVESTMENT OPTIONS UNDER THE ABA MEMBERS COLLECTIVE TRUST	  	7
	2.01	    	Establishment and Maintenance	  	7
	2.02	    	Investment Advisors	  	7
	2.03	    	Monitoring of Investment Advisors	  	7
	2.04	    	Investment Advisor Recommendation	  	7
	2.05	    	Investment Advisor Removal Recommendation	  	8
	2.06	    	Investment Advisor Removal by State Street	  	8
	2.07	    	Amendments to or Mergers Under ABA Members Collective Trust	  	8
	2.08	    	Amendments to the ABA Members Collective Trust and the Trusts as of the Amendment Date	  	9
	2.09	    	Considerations of State Street Regarding Funds	  	9
	2.10	    	Notice to Program Recordkeeper	  	9
			
	ARTICLE 3	    	THE TRUSTS AND THE SELF-MANAGED OPTION UNDER THE TRUSTS	  	10
	3.01	    	Trustee of Trusts	  	10
	3.02	    	Self-Managed Options	  	10
			
	ARTICLE 4	    	ALL INVESTMENT OPTIONS	  	10
	4.01	    	New Investment Options	  	10
	4.02	    	Investment Fiduciary	  	11
	4.03	    	Compliance with Laws	  	11
	4.04	    	Termination of Investment Options	  	11
	4.05	    	General Considerations of State Street	  	12
	4.06	    	Notice to Program Recordkeeper	  	12
			
	ARTICLE 5	    	MAINTENANCE OF TRUSTS AND PLANS	  	12
	5.01	    	Necessary Amendments to Trusts and ABA Members Plans and Trusts	  	12
	5.02	    	Other Amendments to the Trusts and ABA Members Plans	  	13
	5.03	    	Plan Interpretation	  	13

  

 2 

					
	ARTICLE 6	    	SERVICES WITH RESPECT TO INVESTMENT OPTIONS	  	13
	6.01	    	Investment Records	  	13
	6.02	    	Contributions	  	13
	6.03	    	Transfers	  	14
	6.04	    	Distributions and Withdrawals	  	14
	6.05	    	Fiduciary Duties	  	14
			
	ARTICLE 7	    	SERVICES WITH RESPECT TO TRUSTS AND PLANS	  	14
	7.01	    	Program Recordkeeper	  	14
	7.02	    	State Street as Payor	  	14
			
	ARTICLE 8	    	REPORTS TO ABA RF	  	15
	8.01	    	Investment Fiduciary Reports	  	15
	8.02	    	Fee Reports	  	15
	8.03	    	Expense Reports	  	15
	8.04	    	Annual Reports	  	15
	8.05	    	Timing of Reports	  	16
			
	ARTICLE 9	    	REVIEW OF COMMUNICATIONS MATERIAL AND COMMUNICATIONS BY ABA RF	  	16
	9.01	    	Communications Matters	  	16
			
	ARTICLE 10	    	ADDITIONAL AGREEMENTS AND COVENANTS OF STATE STREET	  	16
	10.01	    	ABA RF Program Services Unit	  	16
	10.02	    	Program Recordkeeper Interface; Succession Agreement	  	16
	10.03	    	Financial Condition and Organization	  	17
	10.04	    	Insurance Certification	  	17
	10.05	    	Approval of Major Vendors	  	17
	10.06	    	Indemnification of ABA RF by Major Vendors	  	18
	10.07	    	Non-Competition	  	18
	10.08	    	Confidentiality	  	18
	10.09	    	Copyright of Trusts and ABA Members Plans	  	19
	10.10	    	Maintenance and Disposition of Program Data and Records	  	19
	10.11	    	Investment Advisor Agreements	  	20
	10.12	    	Notice of Change in Status or Regulatory Action	  	20
	10.13	    	Performance by Affiliates	  	20
	10.14	    	Transition Management	  	20
			
	ARTICLE 11	    	FEES AND EXPENSES	  	20
	11.01	    	State Street’s Fees	  	20
	11.02	    	ABA RF’s Fees	  	21
	11.03	    	Additional Services	  	21
	11.04	    	Expenses	  	21
			
	ARTICLE 12	    	LIMITATION OF LIABILITY AND INDEMNIFICATION	  	23

  

 3 

					
	12.01	    	Limitation of Liability for Instructions from Participants, Employers, Investors, or the Program Recordkeeper Pursuant to the Program Interface Agreement	  	23
	12.02	    	Limitation of Liability For Instructions From ABA RF	  	23
	12.03	    	Limitation of Liability for Acts of Third Parties	  	23
	12.04	    	Indemnification	  	23
	12.05	    	Counsel for Indemnified Persons	  	24
	12.06	    	Contribution	  	24
	12.07	    	Enforcement of Rights	  	24
	12.08	    	Supplemental Indemnification	  	24
	12.09	    	Interests of ABA Members Collective Trust, Trusts and ABA Members Plans	  	25
	12.10	    	Payment of Expenses	  	25
			
	ARTICLE 13	    	TERMINATION OF AGREEMENT	  	25
	13.01	    	Termination as of the Effective Date (as defined in the Succession Agreement)	  	25
	13.02	    	Termination by State Street	  	25
	13.03	    	Termination For Cause	  	26
	13.04	    	Termination by ABA RF	  	26
	13.05	    	Consent to Termination	  	26
	13.06	    	Transfer of Program Assets	  	26
			
	ARTICLE 14	    	MISCELLANEOUS	  	26
	14.01	    	Service Standards	  	26
	14.02	    	Plan Disqualification	  	27
	14.03	    	Agents of ABA RF	  	27
	14.04	    	Good Faith	  	27
	14.05	    	Compliance with Laws	  	27
	14.06	    	Audits	  	27
	14.07	    	Amendment	  	28
	14.08	    	Assignment; Change of Control	  	28
	14.09	    	Choice of Law	  	29
	14.10	    	Resolution of Disputes	  	29
	14.11	    	Arbitration of Disputes	  	29
	14.12	    	Notice	  	29
	14.13	    	Severability of Provisions	  	31
	14.14	    	Waiver	  	31
	14.15	    	Captions	  	31
	14.16	    	Action by ABA RF	  	31
	14.17	    	Construction of Terms	  	31
	14.18	    	Execution in Counterparts	  	31
	14.19	    	Entire Agreement	  	31
	14.20	    	Authority	  	31
	14.21	    	FISA Amendments	  	31

  

 4 

 THIS ADMINISTRATIVE AND INVESTMENT SERVICES AGREEMENT (the “Agreement”) is effective as of the
first day of May, 2009, between STATE STREET BANK AND TRUST COMPANY (“State Street”) and the ABA RETIREMENT FUNDS (“ABA RF”) as an amendment and restatement of the Administrative and Investment Services Agreement (the
“Original Agreement”) dated January 1, 1992 between State Street and ABA RF, as amended and restated effective as of January 1, 1999 and as amended and restated effective January 1, 2003 and as subsequently amended (the
“Existing Agreement”). 
 W I T N E S S E T H: 
 WHEREAS, ABA RF sponsors the ABA Retirement Funds Program (the “Program”) under which it has established the American Bar Association Members Defined Benefit Pension Plan (the “ABA Members Pension
Plan”), the American Bar Association Members Retirement Plan (the “ABA Members Retirement Plan”), the American Bar Association Members Retirement Trust (the “Master Trust”) and the American Bar Association Members Pooled
Trust for Retirement Plans (the “Pooled Trust”); 
 WHEREAS, the Program has been marketed and administered pursuant to the
Original Agreement as subsequently amended and restated; 
 WHEREAS, pursuant to the Original Agreement, effective as of January 1,
1992, ABA RF amended the ABA Members Pension Plan and the ABA Members Retirement Plan and amended and restated the Master Trust and the Pooled Trust to reflect, among other changes, the appointment of State Street as sole trustee; 
 WHEREAS, pursuant to the Original Agreement as subsequently amended and restated, State Street has established and maintains the American Bar Association
Members/State Street Collective Trust (“ABA Members Collective Trust”), consisting of certain Investment Options; 
 WHEREAS, since
the date of the Existing Agreement, State Street (or an Affiliate) sold all its interest in CitiStreet, LLC to an affiliate of ING Group, N.V. and as a result thereof, State Street desires to be released from its obligations under the Existing
Agreement to provide “Administrative Services” as defined therein. 
 WHEREAS, since the date of the Existing Agreement, ABA RF has
entered into a Program Services Agreement (the “Program Services Agreement”) with ING Life Insurance and Annuity company and ING Institutional Plan Services, Ltd. (formerly called CitiStreet, LLC); 
 WHEREAS, pursuant to Section 13.01 of the Existing Agreement, ABA RF and State Street each have the right to terminate the Existing Agreement by
notice to the other party as specified therein and have already done so such that such Agreement is to terminate on or before September 30, 2010; 
 WHEREAS, ABA RF and State Street desire to modify their relationship pursuant to this Agreement as an amendment and restatement of the Existing Agreement, effective as of May 1, 2009 except that (i) Appendix
B shall be effective as of June 18, 2009 and (ii) nothing herein shall be interpreted as relieving State Street of any liability or obligation arising under the Existing Agreement prior to May 1, 2009; 

 NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and undertakings,
and subject to the terms and conditions, hereinafter set forth, the parties hereto agree as follows: 
 ARTICLE 1 DEFINITIONS 
 1.01 “ABA” means the American Bar Association and any successor. 
 1.02 “ABA Members Collective Trust” means the American Bar Association Members/State Street Collective Trust, a group trust established
pursuant to a Declaration of Trust dated as of August 8, 1991, as amended and restated October 17, 1991 and November 18, 1991, as further amended and in effect from time to time, and maintained by State Street (or its Affiliates) for
the purpose of providing certain Investment Options to Investors under the Program. 
 1.03 “ABA Members Pension Plan” means
the American Bar Association Members Defined Benefit Pension Plan, as amended and in effect from time to time. 
 1.04 “ABA Members
Plans” means the ABA Members Pension Plan and the ABA Members Retirement Plan, collectively. 
 1.05 “ABA Members Retirement
Plan” means the American Bar Association Members Retirement Plan, as amended and in effect from time to time. 
 1.06
“Amendment Date” means May 1, 2009. 
 1.07 “ABA RF” means the ABA Retirement Funds, an Illinois
not-for-profit corporation, and any successor through which qualified retirement plans are offered to Qualified Employers. 
 1.08
“ABA RF Program Services Unit” means the program services unit of State Street described in Section 10.01. 
 1.09
“Affiliate” means any person or entity, including any general partnership, limited partnership, corporation, joint venture, business trust, limited liability partnership, limited liability company or similar organization, that,
directly or indirectly, controls, is controlled by, or is under common control with State Street. 
 1.10 “Board” means the
Board of Directors of ABA RF, or the comparable governing body of any successor thereto. 
 1.11 “Business Day” means any
day on which the New York Stock Exchange is open for trading. Any other reference in this Agreement to a “day,” “week,” “quarter,” or “year” shall mean, respectively, a calendar day, a calendar week, a
calendar quarter or a calendar year. 
 1.12 “Cause” means behavior by either party to this Agreement that is described in
Section 13.03 which gives the other party certain rights with respect to this Agreement. 
  

 2 

 1.13 “Closed Option” means any investment to which Investors are no longer permitted to
make contributions to or transfers (by agreement between ABA RF and State Street), but which continues to constitute an investment under the Program. 
 1.14 “Code” means the Internal Revenue Code of 1986, as amended and in effect from time to time. 
 1.15 “Effective Date” means January 1, 1992. 
 1.16 “Employer” means (a) any Qualified
Employer that maintains a Plan and (b) any successor to any such Qualified Employer that agrees, or is required by operation of law, to continue the Plan. 
 1.17 “Employer Plan” means any employee benefit plan established and maintained by a Qualified Employer pursuant to either of the ABA Members Plans. 
 1.18 “Equitable” means The Equitable Life Assurance Society of The United States, which was as of January 1, 1992, a New York life
insurance company, and any successor thereto. 
 1.19 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended and in effect from time to time. 
 1.20 “Fund” means any Investment Option that is a collective investment fund
established from time to time under the ABA Members Collective Trust. 
 1.21 “Fund Declaration” means any separate
declaration executed by the Trustee, pursuant to Section 3.01 of the ABA Members Collective Trust, for the purpose of establishing a Fund thereunder. 
 1.22 “Indemnified Person” means any person or entity entitled to indemnification pursuant to Sections 10.06 and 12.04. 
 1.23 “Individually Designed Plans” means any employee benefit plan (other than an Employer Plan) that is established and maintained by a Qualified Employer, and with respect to which the Pooled Trust
has been adopted. 
 1.24 “Investment Advisor” means any person or entity (other than State Street) engaged by State Street
pursuant to Section 2.02 to make recommendations to State Street regarding the acquisition or disposition of assets held in a Fund. 
 1.25 “Investment Advisor Agreement” means any agreement entered into pursuant to Section 2.02 between State Street, as trustee of the ABA Members Collective Trust, and an Investment Advisor. 
 1.26 “Investment Advisor Recommendation” means any written notice delivered by the Investment Fiduciary pursuant to Section 2.04
recommending a new Investment Advisor, or a reallocation of assets among existing Investment Advisors, with respect to a Fund. 
  

 3 

 1.27 “Investment Fiduciary” means the person or entity engaged by ABA RF pursuant to
Section 4.02 to make Investment Advisor Recommendations, Investment Advisor Removal Recommendations, Investment Option Termination Notices and other recommendations to the Trustee as provided herein. 
 1.28 “Investment Advisor Removal Recommendation” means any written notice delivered by the Investment Fiduciary pursuant to
Section 2.05 recommending the removal of an Investment Advisor. 
 1.29 “Investment Option” means any investment
offered to, or obtained for Investors under the Program, including, without limitation, the Self-Managed Option established from time to time pursuant to Section 3.02. 
 1.30 “Investment Option Termination Notice” means a written notice delivered by the Investment Fiduciary or State Street pursuant to
Section 4.04 recommending that (a) an Investment Option or Closed Option cease to be available under the Program or (b) an Investment Option become a Closed Option. 
 1.31 “Investor” means (a) the Participant, in the case of a Plan for which the Participant is authorized to direct the investment
in, and allocation among, Investment Options of the amounts attributable to such Participant’s accounts in the Plan (or applicable portion thereof) and (b) in the case of a Plan (or portion thereof) not described in subsection (a) of
this Section, the person or entity having investment discretion with respect to the investment in, and allocation among, Investment Options of the assets of such Plan (or applicable portion thereof). 
 1.32 “Major Vendor” means any person or entity providing material services to the Program that State Street has engaged for the benefit
of the Program to provide customer services, marketing services, Plan or Participant recordkeeping services, communications services, auditing or accounting services, legal services or actuarial services. For the avoidance of doubt, the term
“Major Vendor” shall not include the Program Recordkeeper. 
 1.33 “Master Trust” means the trust maintained under
the ABA Members Plans, known as of the Amendment Date as the American Bar Association Members Retirement Trust, as amended and in effect from time to time. 
 1.34 “New Investment Option” means any Investment Option that is not available under the Program as of July 6, 2009. 
 1.35 “New Investment Option Notice” means a written notice delivered by the Investment Fiduciary or State Street pursuant to Section 4.01 proposing that a New Investment Option be provided as an
additional Fund established under the ABA Members Collective Trust. 
 1.36 “Northern” means The Northern Trust Company, a
banking corporation organized and existing under the laws of the State of Illinois. 
 1.37 “Notice of Termination” means a
written notice delivered by State Street or by ABA RF pursuant to Section 13.02 declaring an intent to terminate this Agreement for Cause. 
  

 4 

 1.38 “Participant” means any person for whom benefits under a Plan are provided under
the Trusts including, where the context so requires, (a) a beneficiary designated under the terms of a Plan to receive a benefit after the death of a Participant and (b) a person designated by an Employer in writing to the Trustee as
having been determined by the Employer to be an alternate payee entitled to benefits under the Trust in accordance with a qualified domestic relations order as defined in Section 414(p) of the Code. 
 1.39 “Plan” means an Employer Plan, an Individually Designed Plan, or both, as the case may be. 
 1.40 “Pooled Trust” means the trust maintained under the Program to hold assets of Individually Designed Plans, known as of the
Amendment Date as the American Bar Association Members Pooled Trust for Retirement Plans, as amended and in effect from time to time. 
 1.41
“Program” means the program sponsored by ABA RF for Qualified Employers that provides for administrative, recordkeeping, custodial and investment services and includes the ABA Members Plans, the Trusts, the Investment Options and
the Closed Options, known as of the Amendment Date as the American Bar Association Members Retirement Program, as amended from time to time. 
 1.42 “Program Data and Records” means (a) all Participant, Plan, Employer, Investor and Trust records acquired by, provided to, created by or maintained by State Street pursuant to this Agreement, (b) all data
collected or compiled by State Street (or any person engaged by State Street) under the “Annual Marketing Plan” as defined in the Existing Agreement (including any extrapolations or interpretations thereof), (c) all information made
available to State Street (or any person engaged by State Street) pursuant to Article 9 (d) all reports compiled by State Street (or any person engaged by State Street) pursuant to, or otherwise in the course of performing its obligations
under, this Agreement, (e) all reports or other information made available to State Street by any party engaged to provide services to the Program (including the consultant engaged pursuant to Section 4.03) and (f) all data, records
and other information derived from any of the foregoing. 
 1.43 “Program Interface Agreement” means the agreement between
State Street and the Program Recordkeeper described in Section 10.02(a) hereof. 
 1.44 “Program Recordkeeper” means
the organization or entity engaged by ABA RF to provide recordkeeping, administrative, marketing and communications services for the Program. As of the Amendment Date, the Program Recordkeeper is ING Institutional Plan Services, LLC, formerly called
CitiStreet, LLC. 
 1.45 “Program Services Agreement” shall have the meaning set forth in the recitals of this Agreement.

 1.46 “Prospectus” means the prospectus included within the most recent registration statement, as amended from time to
time, filed by the ABA Members Collective Trust with the Securities and Exchange Commission. 
  

 5 

 1.47 “Qualified Bar Association” means an organization that is represented in the House
of Delegates of the ABA. 
 1.48 “Qualified Employer” means (a) any sole practitioner, partnership, corporation,
limited liability partnership, limited liability company or association engaged in the practice of law, provided that the sole practitioner or at least one partner of the partnership, one shareholder of the corporation or one member of the limited
liability partnership or company is a member or associate of the ABA or of a Qualified Bar Association, (b) the ABA, (c) any Qualified Bar Association, and (d) any organization that does not engage in the practice of law but is
closely associated with the legal profession, which receives the approval of ABA RF, and which has as an owner or a member of its governing board a member or associate of the ABA. 
 1.49 “Self-Managed Option” means the Investment Option available under the Trusts and maintained in accordance with Section 3.02,
pursuant to which an Investor may designate the investment of assets of a Plan or of a Participant’s account, as the case may be, in securities selected by such Investor. 
 1.50 “Service Standards” means any minimum performance standards that may be established by agreement between State Street and ABA RF or
as contained in the Program Interface Agreement. 
 1.51 “State Street” means State Street Bank and Trust Company, a trust
company organized and existing under the laws of The Commonwealth of Massachusetts and any entity that succeeds to State Street’s obligations under this Agreement by operation of law or to which such obligations are otherwise assigned with the
consent of ABA RF. 
 1.52 “State Street NH” means State Street Bank and Trust Company of New Hampshire, a trust company
organized and existing under the laws of the State of New Hampshire. 
 1.53 “Succession Agreement” means the agreement of
even date herewith entered into between State Street, State Street NH, Northern and the Successor Trustee pursuant to Section 10.02(b). 
 1.54 “Successor Trustee” means Northern Trust Investments, N.A., a national banking organization. 
 1.55
“Transfer Completion Date” means the date as of which the transfer of assets described in Section 10.02(d) or 13.06 shall have occurred. 
 1.56 “Transition Event” has the meaning set forth in Section 10.14 
 1.57
“Trustee” means the trustee of the Master Trust and the Pooled Trust from time to time. 
 1.58 “Trustee
Services” means all services required of State Street hereunder. 
  

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 1.59 “Trust” means the Master Trust, the Pooled Trust, and “Trusts” means both
the Master Trust and the Pooled Trust. 
 ARTICLE 2 THE ABA MEMBERS COLLECTIVE TRUST AND INVESTMENT OPTIONS UNDER THE ABA MEMBERS COLLECTIVE TRUST

 2.01 Establishment and Maintenance. State Street has established and shall maintain in accordance with this Agreement the ABA
Members Collective Trust with exclusive management and control over the assets thereof. 
 2.02 Investment Advisors. State Street may
engage one or more Investment Advisors only in accordance with the following procedures and subject to the provisions of Sections 2.04, 2.05, 2.06 and 2.09 and subject to Section 4.02: 
 (a) Each Investment Advisor, if any, shall be identified in the appropriate Fund Declaration or attachment thereto. 
 (b) State Street shall enter into an Investment Advisor Agreement with each such Investment Advisor, which Investment Advisor Agreement
shall include, among other things (1) representations that the Investment Advisor is registered, or exempt under, or excluded from, the Investment Advisers Act of 1940, as amended, and is in the business of acting as a fiduciary with respect to
assets of various retirement plans and trusts and (2) an acknowledgement in writing that the Investment Advisor is a fiduciary as defined in ERISA with respect to the applicable assets of the Plans and the Trusts, and each such agreement may
include supplemental guidelines governing the Investment Advisor’s activities. 
 (c) Such an Investment Advisor shall
not be permitted to take any action with respect to any Fund that, in the reasonable opinion of State Street, would cause the Fund to cease to qualify as a fund maintained by a bank within the meaning of (1) Section 3(c)(11) of the
Investment Company Act of 1940, as amended, and successor provision thereto, and (2) Section 3(a)(2) of the Securities Act of 1933, as amended, and any successor provision thereto. 
 2.03 Monitoring of Investment Advisors. On behalf of Participants, Employers and Investors, the Investment Fiduciary shall be entitled to monitor
the performance of each Investment Advisor and the relationship between State Street and each Investment Advisor. 
 2.04 Investment
Advisor Recommendation. On behalf of Participants, Employers and Investors, the Investment Fiduciary may, at any time and from time to time, deliver to State Street an Investment Advisor Recommendation recommending that (a) the assets in a
Fund be reallocated among existing Investment Advisors or (b) subject to Section 4.02, an additional Investment Advisor or Advisors be appointed with respect to a Fund (in which case, such Investment Advisor Recommendation shall also
indicate the suggested allocation of assets among the Investment Advisors to such Fund). State Street shall give full consideration to each Investment Advisor Recommendation of the Investment Fiduciary and shall respond to the Investment Fiduciary
as soon as reasonably practicable thereafter as consistent with fiduciary obligations, but no later than thirty (30) days after the date of State Street’s receipt of such Investment Advisor Recommendation, as to whether, in what manner,
and on what time frame such action will be taken with respect to such Investment Advisor and the reasons therefor. 
  

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 2.05 Investment Advisor Removal Recommendation. On behalf of Participants, Employers and
Investors, the Investment Fiduciary may, at any time and from time to time, deliver to State Street an Investment Advisor Removal Recommendation with respect to an Investment Advisor. State Street shall give full consideration to each Investment
Advisor Removal Recommendation from the Investment Fiduciary and shall respond to the Investment Fiduciary as soon as reasonably practicable thereafter as consistent with fiduciary obligations, but no later than thirty (30) days after the date
of State Street’s receipt of such Investment Advisor Removal Recommendation, indicating whether, in what manner and during what time frame such action will be taken with respect to such Investment Advisor and the reasons therefor. If the
Investment Fiduciary indicates in such Investment Advisor Removal Recommendation that the Investment Fiduciary believes such Investment Advisor has engaged in willful misconduct, gross negligence or a continuing pattern of negligence, then State
Street’s response pursuant to the preceding sentence shall be given to the Investment Fiduciary and ABA RF as soon as reasonably practicable as consistent with fiduciary obligations but within five (5) Business Days. 
 2.06 Investment Advisor Removal by State Street. Subject to applicable laws and regulations, to its reasonable administrative capabilities and
other responsibilities under the Program, and to the provisions of the respective Investment Advisor Agreement, in the absence of an Investment Advisor Removal Recommendation from the Investment Fiduciary, State Street may remove any Investment
Advisor thirty (30) days after written notice is received by the Investment Fiduciary with a written copy to ABA RF explaining the reasons for the removal; provided, however, that 
 (a) State Street may remove an Investment Advisor with concurrent notice to the Investment Fiduciary with a copy to ABA RF, if State
Street reasonably determines that such urgent action is necessary; 
 (b) State Street may not remove an Investment Advisor
without engaging a new Investment Advisor or allocating such assets to an existing Investment Advisor; and 
 (c) Upon receipt
of notice pursuant to this Section, the Investment Fiduciary may make suggestions or comments regarding State Street’s action or proposed action, and State Street will give full consideration thereto. 
 2.07 Amendments to or Mergers Under ABA Members Collective Trust. 
 (a) State Street shall make all amendments to the ABA Members Collective Trust and agreements thereunder that are necessary to
(i) comply with State Street’s reasonable administrative requirements, (ii) permit Funds to be offered, made available, maintained, merged, divided or terminated, (iii) comply with changes in the ABA Members Plans, the Trusts and
applicable laws and regulations and (iv) enable State Street to manage and control the ABA Members Collective Trust and the Funds established thereunder in accordance with the terms of this Agreement and the ABA Members Collective Trust. In
making any amendment to the ABA Members Collective Trust, State Street shall exercise its reasonable judgment as to the content and timing of such amendment. 
  

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 (b) State Street shall furnish to the Investment Fiduciary and ABA RF thirty
(30) days prior to adoption of any amendment made pursuant to Section 7.01 of the ABA Members Collective Trust or any amendment to a Fund Declaration made pursuant to Section 3.03(a) of the ABA Members Collective Trust,
(i) written notice of the reasons for any such amendment and (ii) copies of any such amendment; provided, however, that State Street may make any such amendment, with concurrent notice to the Investment Fiduciary and ABA RF if State Street
reasonably determines that such urgent amendment is necessary or appropriate. ABA RF may make comments and suggestions in connection with any such amendment, and State Street shall give full consideration thereto. State Street shall, to the extent
necessary, submit such amendments to the Internal Revenue Service and other governmental agencies for approval and shall provide the Investment Fiduciary and ABA RF with copies of the submissions at least thirty (30) days prior to submission
and copies of such approvals and other responses promptly after receipt thereof. ABA RF shall offer timely assistance to State Street in making such submissions and obtaining such approvals and may make comments or suggestions regarding such
submissions, and State Street shall give full consideration thereto. 
 (c) In the event that State Street exercises its
authority to terminate a Fund, to divide a Fund into multiple Funds or to merge two Funds pursuant to Sections 7.02 and 7.03, respectively, of the ABA Members Collective Trust, State Street shall notify the Investment Fiduciary thereof with a copy
to ABA RF pursuant to the notice procedures in Section 2.07(b) for amendments; provided, however, that sixty (60) days notice shall be substituted for thirty (30) days notice; and provided, further, that New Investment Options may be
made available, and Investment Options may be terminated, only in accordance with Article 4. 
 2.08 Amendments to the ABA Members
Collective Trust and the Trusts as of the Amendment Date. ABA RF hereby acknowledges that the ABA Members Collective Trust and the Trusts are being amended and restated as of the Amendment Date. ABA RF hereby consents to such amendments and
waives any notice requirements with respect to such amendments. 
 2.09 Considerations of State Street Regarding Funds. In considering
an Investment Advisor Recommendation under Section 2.04, an Investment Advisor Removal Recommendation under Section 2.05 or suggestions or comments under Section 2.07, or in considering or taking any other action contemplated by
Article 2 or otherwise with respect to an Investment Advisor, State Street, in the exercise of its discretion with respect to such action, shall consult with the Investment Fiduciary and shall give full consideration to any recommendation delivered
pursuant to Article 2, as well as to opinions, information, questions and concerns presented by the Investment Fiduciary. State Street may also give consideration to, among other factors, (a) the requirements of the ABA Members Collective
Trust, (b) legal and regulatory matters, (c) State Street’s other responsibilities under the Program in its capacity as trustee of the ABA Members Collective Trust and as Trustee and (d) State Street’s reasonable
administrative capabilities. 
 2.10 Notice to Program Recordkeeper. In the event that State Street delivers a notice regarding any
Investment Advisor, any Fund, or any Investment Option pursuant to Article 2 to the Investment Fiduciary or to ABA RF, State Street shall concurrently deliver a copy thereof to the Program Recordkeeper. 
  

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 ARTICLE 3 THE TRUSTS AND THE SELF-MANAGED OPTION UNDER THE TRUSTS 
 3.01 Trustee of Trusts. ABA RF shall retain State Street, and State Street shall serve, as sole Trustee until the Transfer Completion Date.

 3.02 Self-Managed Options. State Street shall maintain the Self-Managed Options which shall constitute an Investment Option under
the Program, under the applicable provisions of the Trusts. The Self-Managed Option may be made available to any Investor, except that, with respect to any Plan maintained under the ABA Members Retirement Plan, each adopting Employer may elect not
to have the Self-Managed Option available with respect to its Plan. The terms and conditions of the Self-Managed Option, including without limitation the classes of assets that an Investor may select under the Self-Managed Option and an appropriate
fee schedule, shall be determined by agreement between State Street or an Affiliate and ABA RF. The Self-Managed Option shall meet the reasonable objectives established by ABA RF, and State Street shall use all reasonable efforts to administer the
Self-Managed Option consistent with (i) the provisions of this Section 3.02, (ii) the requirements of the Trusts and legal and regulatory considerations, (iii) State Street’s responsibilities under the Program in its
capacity as Trustee, and (iv) the reasonable costs and expenses of administering the Self-Managed Option. The Self-Managed Option shall, to the extent available under a Plan and to the extent practicable and consistent with applicable law,
permit any Investor with an account thereunder to authorize a third party that is an investment manager within the meaning of ERISA to direct transactions for such account, and, subject to applicable law, any fee (but not commissions) payable to
such third party may, if so designated by the Investor, be charged to the Trust for the account of such Investor. 
 ARTICLE 4 ALL INVESTMENT OPTIONS

 4.01 New Investment Options. The Investment Fiduciary and State Street shall each have the right, at any time and from time to time,
to deliver to the other a New Investment Option Notice. 
 (a) With respect to a New Investment Option Notice delivered by the
Investment Fiduciary, State Street shall respond to the Investment Fiduciary (with a copy to ABA RF) as follows: 
 (i) If the
proposed New Investment Option is to be established as a Fund, State Street’s response to the Investment Fiduciary shall indicate whether, upon consideration pursuant to Section 2.09, State Street will establish the New Investment Option
proposed in such New Investment Option Notice as a Fund, 
 (A) If State Street determines to establish such New Investment
Option as a Fund, its response to the Investment Fiduciary shall include a proposed fee schedule for the Fund and state the date by which such option is to be established; or 
 (B) if State Street determines not to establish such new Investment Option as a Fund, its response to the Investment Fiduciary shall
include the reasons for such determination. 
 (ii) State Street’s response to an Investment Fiduciary’s New
Investment Option Notice under this Section 4.01(a) shall be delivered to the Investment Fiduciary (with a copy to ABA RF) within thirty (30) days after receipt thereof. 
  

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 (b) With respect to a New Investment Option Notice delivered by State Street (which shall
include a proposed fee schedule), no later than thirty (30) days after the date of the Investment Fiduciary’s receipt of such New Investment Option Notice, the Investment Fiduciary shall either accept or reject the proposal. 
 4.02 Investment Fiduciary. ABA RF shall, with State Street’s consent, designate an Investment Fiduciary with the duty and authority to
(a) make recommendations to State Street regarding the appointment of Investment Advisors, (b) monitor the performance of Investment Advisors and (c) monitor the relationship between State Street and the Investment Advisors. ABA RF
shall direct such Investment Fiduciary to meet with, make presentations to, provide information to and otherwise be available to State Street pursuant to State Street’s reasonable request. Beginning July 1, 2009, the Investment Fiduciary
shall prepare (and ABA RF shall cause it to prepare) quarterly reports summarizing the investment performance for each Investment Option offered by the ABA Members Collective Trust and the performance of each of the Investment Advisors engaged by
State Street in connection therewith for each calendar quarter. Such quarterly reports shall include the Investment Fiduciary’s analysis of the current market environment, including a summary of the most recent events in the financial markets
and a review of the performance of the major market indices; the Investment Fiduciary’s analysis of the assets invested in the ABA Members Collective Trust among its Investment Options; a complete investment return analysis; a review of the
investment results of all the Investment Options offered under the ABA Members Collective Trust in the context of their objectives and benchmarks; and such other investment information as ABA RF or State Street may from time to time reasonably
request. The report for the specific calendar quarter will be delivered by the Investment Fiduciary to State Street at least two weeks prior to the next regularly scheduled meeting of the Board. Nothing in this Section 4.02 shall prevent ABA RF
or State Street from hiring for its own exclusive benefit and at its own expense one or more additional consultants to perform the services enumerated in this Section 4.02. 
 4.03 Compliance with Laws. State Street shall be responsible for determining that, and shall take any and all action as shall be necessary so
that, the offering, providing and maintaining of all Investment Options and Closed Options at all times prior to the Transfer Completion Date shall comply with all applicable employee benefit, securities, banking and insurance laws and regulations.
Any person or entity that provides investment advisory, investment management or other services under the Trusts or the ABA Members Collective Trust shall be required (a) to conform to State Street’s reasonable administrative standards
regarding frequency of valuation, transfer of funds, withdrawals, payment of benefits and other similar matters and (b) to comply with all applicable employee benefit, securities, banking and insurance laws and regulations. 
 4.04 Termination of Investment Options. The Investment Fiduciary and State Street shall each have the right, at any time and from time to time, to
deliver to the other an Investment Option Termination Notice with respect to any Investment Option or Closed Option. An Investment Option Termination Notice shall specify an effective date for the proposed action and may request that an Investment
Option be terminated, an Investment Option be designated a Closed Option, or a Closed Option be terminated; provided, however, that, with respect to an Investment Option Termination Notice delivered by the Investment Fiduciary to State Street
regarding a Closed Option, State Street shall respond to the Investment Fiduciary no later than thirty (30) days after State Street’s receipt of such Investment Option Termination Notice to 

  

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indicate (i) whether, (ii) in what manner and (iii) on what time frame such Investment Option or Closed Option will be terminated or closed,
in the reasonable discretion of State Street, in accordance with the ABA Members Collective Trust. State Street may terminate or close an Investment Option or Closed Option without the consent of the Investment Fiduciary or ABA RF, subject to the
considerations set forth in Section 2.09, upon sixty (60) days’ prior written notice to the Investment Fiduciary, or if State Street reasonably believes urgent action is necessary, upon concurrent notice to the Investment Fiduciary.

 4.05 General Considerations of State Street. In conducting its role under Article 4 with respect to (a) a Fund, (b) a New
Investment Option proposed to be a Fund or c) a Closed Option that had been a Fund when it was closed, State Street shall act in accordance with Section 2.09. 
 4.06 Notice to Program Recordkeeper. In the event that State Street or the Investment Fiduciary delivers a New Investment Option Notice or an Investment Option Termination Notice to the other pursuant to
Article 4, State Street or the Investment Fiduciary shall concurrently deliver a copy thereof to the Program Recordkeeper. 
 ARTICLE 5 MAINTENANCE OF
TRUSTS AND PLANS 
 5.01 Necessary Amendments to Trusts and ABA Members Plans and Trusts. ABA RF, as sponsor of the ABA Members Plans,
shall make all amendments to the ABA Members Plans and any form of participation agreement or other agreements thereunder and to the Trusts that are necessary to comply with State Street’s reasonable administrative requirements, to permit
Investment Options and Closed Options to be offered, made available, maintained or terminated under the Program, or to comply with applicable laws, regulations, revenue rulings, revenue procedures, advisory opinions or other governmental
pronouncements. All such amendments shall be made in accordance with the following procedures: 
 (a) If ABA RF has prepared a
necessary amendment to the ABA Members Plans or any form of participation agreement or other agreement thereunder or to the Trusts, it shall provide such amendment to State Street for review; and State Street shall be entitled to make comments and
suggestions with respect thereto (to which ABA RF shall give full consideration), and shall conduct its reviews under this Section in accordance with a reasonable schedule specified by ABA RF or, if none is specified, within a reasonable period of
time. 
 (b) ABA RF shall, to the extent necessary, submit such necessary amendments to the Internal Revenue Service for
approval. ABA RF shall provide copies of such submissions to State Street for review prior to submission and State Street shall (i) be entitled to make comments and suggestions (to which ABA RF shall give full consideration), (ii) conduct
such reviews in accordance with a reasonable schedule specified by ABA RF or, if none is specified, within a reasonable period of time, and (iii) offer timely assistance to ABA RF in making such submissions and obtaining approvals thereof.

 (c) Outside legal expenses incurred by either ABA RF or State Street pursuant to this Section shall be paid by such party
incurring such expense, but may be reimbursed by the Trusts or the ABA Members Collective Trust to the extent permitted by Section 11.04. 
  

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 5.02 Other Amendments to the Trusts and ABA Members Plans. From time to time, ABA RF and State
Street may each notify the other of proposed amendments or changes to the Trusts, the ABA Members Plans and any form of participation agreement or other agreement thereunder that such party believes are appropriate or desirable in connection with
the Program, but not required under Section 5.01, in accordance with the following procedures: 
 (a) ABA RF, as sponsor
of the ABA Members Plans, shall be responsible for making any amendment to the ABA Members Plans and any form of participation agreement or other agreement thereunder and to the Trusts; provided that State Street, together with ABA RF, may make
amendments to the Trusts. 
 (b) Each party shall cooperate with the other to make such amendments as both parties agree are
reasonable and practicable, subject to the terms of this Agreement. 
 (c) Each party shall be entitled to make comments and
suggestions on such amendments, to which the other party shall give full consideration. 
 (d) ABA RF shall, to the extent
necessary, submit such amendments to the Internal Revenue Service and other governmental agencies for approval and shall provide State Street with copies of the submissions prior to submission for review. 
 (e) State Street shall offer timely assistance to ABA RF in making such submissions and obtaining such approvals as may be necessary or
advisable, including by conducting its reviews under this Section in accordance with a reasonable schedule specified by ABA RF or, if none is specified, within a reasonable period of time. 
 (f) Outside legal expenses incurred by either ABA RF or State Street pursuant to this Section shall be paid by such party incurring such
expense, but may be reimbursed by the Trusts or the ABA Members Collective Trust to the extent permitted by Section 11.04. 
 5.03
Plan Interpretation. ABA RF, as sponsor of the Program, may provide any legal or other technical assistance as it may, from time to time, determine is necessary or appropriate to assist with the proper interpretation and operation of the
Employer Plans with respect to issues brought to ABA RF’s attention by State Street or otherwise. Outside legal and other expenses incurred by ABA RF pursuant to this Section shall be paid by ABA RF, but may be reimbursed by the Trusts or the
ABA Members Collective Trust to the extent permitted by Section 11.04. 
 ARTICLE 6 SERVICES WITH RESPECT TO INVESTMENT OPTIONS 
 6.01 Investment Records. State Street shall maintain records pursuant to the terms of the Program Interface Agreement. 
 6.02 Contributions. State Street shall allocate all contributions among the Investment Options in accordance with the instructions from the
Program Recordkeeper pursuant to the Program Interface Agreement. In the event that State Street has received a contribution that State Street believes to be incorrect or invalid or instructions from the Program Recordkeeper that State Street
believes are incorrect or invalid, it shall use commercially reasonable efforts to contact the Program Recordkeeper to clarify or correct such contribution amount or instructions. 

  

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State Street shall establish standard procedures (with reasonable notice to ABA RF) regarding the action to be taken by State Street in the interim, in
accordance with the applicable Service Standards. 
 6.03 Transfers. State Street shall transfer amounts among Investment Options in
accordance with instructions from the Program Recordkeeper pursuant to the Program Interface Agreement. To the extent that State Street has received no instructions or it believes that such instructions are incorrect or invalid, State Street shall
use commercially reasonable efforts to contact the Program Recordkeeper in order to obtain, clarify or correct such instructions. If State Street receives instructions that it believes are invalid, the affected assets shall not be transferred until
valid instructions are received; provided that if State Street receives invalid instructions or no instructions where instructions are required because assets must be transferred, the transfer shall be promptly made to the Stable Asset Return Fund.

 6.04 Distributions and Withdrawals. Subject to applicable laws and regulations and upon the direction of the Program Recordkeeper
pursuant to the Program Interface Agreement, State Street shall make payments out of the Trusts in such amounts to such persons, including any disbursing agent appointed by the Program Recordkeeper, as shall be specified by the Program Recordkeeper
in such directions (any such person the “Disbursing Agent”). Immediately prior to the time when a distribution is to be made pursuant to this Section 6.04, State Street shall transfer the amount thereof to a demand deposit account
maintained by the Disbursing Agent for this purpose. Upon such transfer, the appropriate Trust shall be relieved of, and the Disbursing Agent (in the case of State Street, acting in its institutional capacity and not as a trustee) shall assume the
liability to pay such distribution. 
 6.05 Fiduciary Duties. State Street hereby acknowledges, represents, warrants and agrees that
as trustee of the ABA Members Collective Trust, State Street NH shall have exclusive discretion and control over the assets thereof as required by Section 403 of ERISA, including, without limitation, responsibility for the engagement,
monitoring, retention and removal of the Investment Advisors. It is the express intention of ABA RF and State Street that none of ABA RF or its officers, directors or agents shall have any discretion or fiduciary duty with respect to such assets
except as provided in Sections 4.02 and 10.05(b) or to the extent ABA RF may provide any consent pursuant to Section 408 of ERISA and any regulations issued thereunder. 
 ARTICLE 7 SERVICES WITH RESPECT TO TRUSTS AND PLANS 
 7.01 Program Recordkeeper. ABA RF has
retained the Program Recordkeeper to provide administrative services with respect to the Program as described herein and in other agreements between the Program Recordkeeper and ABA RF and/or the Investment Fiduciary. ABA RF acknowledges and agrees
that State Street is not responsible for the selection, retention or oversight of the Program Recordkeeper from and after May 1, 2009. 
 7.02 State Street as Payor. 
 (a) Federal Tax Requirements. For as long as it is the Disbursing Agent,
State Street shall be the “payor” (within the meaning of such term as used in Section 3405 of the 

  

 14 

 
Code) of benefits under the Plans except as otherwise provided in this Section. As payor, State Street shall perform any required withholding of income tax
from distributions and withdrawals. Prior to the distribution of each Participant’s benefits and in accordance with the applicable Service Standards, the Program Recordkeeper shall provide appropriate notice of withholding and any applicable
withholding election forms to such Participant. The Program Recordkeeper shall provide to the Participant copies of any notice required by Section 402(f) of the Code in connection with the payment of all amounts as to which State Street is the
payor. Notwithstanding the foregoing, State Street shall not be the payor of benefits under a Plan to the extent that such benefits are paid by the issuer of an annuity contract that is purchased by the Trustee in accordance with a
Participant’s election pursuant to the applicable Plan. In such event, the issuer of such annuity contract shall be the payor (within the meaning of the Code). 
 (b) Distribution Procedures. Immediately prior to the time when a distribution is to be made pursuant to Section 6.04, State
Street shall transfer the amount thereof to a demand deposit account maintained by the Disbursing Agent for this purpose. Upon such transfer, the appropriate Trust shall be relieved of, and the Disbursing Agent shall assume, the liability to pay
such distribution. 
 ARTICLE 8 REPORTS TO ABA RF 
 8.01 Investment Fiduciary Reports. State Street shall provide ABA RF and the Investment Fiduciary with quarterly reports (including year-to-date information) setting forth (a) the aggregate account balances in each Investment
Option at the beginning of the calendar quarter, (b) a summary of the aggregate transactions affecting those account balances during the calendar quarter, including the aggregate amount contributed and transferred to, and withdrawn and
transferred from, each Investment Option and (c) the aggregate account balances in each Investment Option at the end of the calendar quarter. State Street shall provide such other aggregate reports with respect to the Investment Options as are
reasonably requested by ABA RF or the Investment Fiduciary. State Street shall provide ABA RF and the Investment Fiduciary with online access to the holdings, transactions, and fair market values of the assets held in each Investment Option and
State Street shall make available to ABA RF and the Investment Fiduciary online daily custody and reporting with respect to each Fund. 
 8.02 Fee Reports. State Street shall provide ABA RF with quarterly reports (including year-to-date information) setting forth the fees paid to State Street by Participants, Employers and Investors (including trusts) under the
Program. 
 8.03 Expense Reports. Quarterly, State Street shall provide ABA RF and the Investment Fiduciary with a report setting
forth the amount and a description of the various categories of expenses assessed or charged pursuant to Section 11.04. 
 8.04
Annual Reports. State Street shall provide or make available to ABA RF and the Investment Fiduciary such annual reports as are required by Section 6.02 of the ABA Members Collective Trust, Sections 6.06 and 6.07 of the Master Trust and
Sections 6.06 and 6.07 of the Pooled Trust. 
  

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 8.05 Timing of Reports. Unless otherwise provided in this Article, all reports pursuant to this
Article shall be delivered within such time frame as is set forth in the applicable Service Standards. 
 ARTICLE 9 REVIEW OF COMMUNICATIONS MATERIAL
AND COMMUNICATIONS BY ABA RF 
 9.01 Communications Matters. ABA RF shall cause the Program Recordkeeper to prepare and provide to the
applicable recipients all Program communications, other than the Prospectus and other filings required by federal and state securities laws. ABA RF shall direct the Program Recordkeeper to provide State Street with copies of all such communications
as State Street may reasonably request. In addition, ABA RF shall direct the Program Recordkeeper to make a good faith effort to deliver to State Street for its reasonable review, at least ten (10) calendar days prior to their production date,
any communications (including revisions to previously provided communications that are materially inconsistent with comments previously provided by State Street) to be used in marketing the Program or otherwise reporting Fund performance or that
contain references to State Street NH or State Street as trustee of the ABA Members Collective Trust or the Trusts, as applicable, which references are not contained in Program communications previously approved by State Street pursuant to this
Section. State Street shall make a good faith effort to provide comments on such communications to ABA RF and the Program Recordkeeper within five (5) Business Days but in no event later than seven (7) Business Days after its receipt
thereof. To the extent State Street comments are received in a timely manner as provided herein, ABA RF shall make a good faith effort to provide sufficient and timely direction to the Program Recordkeeper to incorporate such changes therein as may
be reasonably requested by State Street. 
 ARTICLE 10 ADDITIONAL AGREEMENTS AND COVENANTS OF STATE STREET 
 10.01 ABA RF Program Services Unit. 
 (a) State Street has established and shall maintain, as long as it is obligated to provide services hereunder, or cause an Affiliate to maintain the ABA RF Program Services Unit. The ABA RF Program Services Unit shall
be a separate client services unit within State Street exclusively dedicated to and having capabilities sufficient to provide the functions necessary for State Street to carry out its duties hereunder. 
 (b) The expenses incurred by State Street for the ABA RF Program Services Unit shall not be charged to the Trusts or the ABA Members
Collective Trust. 
 (c) State Street shall not implement any material changes to the ABA RF Program Services Unit without the
prior written consent of ABA RF. 
 10.02 Program Recordkeeper Interface; Succession Agreement. 
 (a) State Street shall enter into a Program Interface Agreement of even date herewith with the Program Recordkeeper. ABA RF shall not be a
party to the Program Interface Agreement, but such agreement shall name ABA RF as a third-party beneficiary thereof with a right to enforce the Program Interface Agreement on behalf of the Program. In no event shall the 

  

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Program Interface Agreement be executed or amended unless the form thereof has been approved in writing by ABA RF. 
 (b) State Street shall, contemporaneously with the execution and delivery of this Agreement, enter into the Succession Agreement with
State Street NH, the Successor Trustee and Northern. The Succession Agreement shall contain such terms and conditions as the parties thereto shall agree, with the consent of ABA RF, are necessary and appropriate to effect the transfer of Program
assets described in Section 10.02(d) to the Successor Trustee and Northern. 
 (c) Notwithstanding any provision of this
Agreement to the contrary, this Agreement shall not become effective unless and until the Program Interface Agreement and the Succession Agreement have been executed and delivered by the respective parties thereto. 
 (d) State Street shall arrange for the transfer on the Effective Date (as defined in the Succession Agreement) of the assets of the Trusts
and the ABA Members Collective Trust, in accordance with the terms of the Trusts, the ABA Members Collective Trust and the ABA Members Plans, subject to applicable laws and regulations. Such transfer shall be effected pursuant to the terms of the
Succession Agreement and any amendments to the Trusts and the ABA Members Collective Trust as State Street, State Street NH and the Successor Trustee shall, with ABA RF’s consent, determine are necessary or appropriate. Notwithstanding such
transfer, State Street shall be entitled to receive from the Successor Trustee or the ABA Members Collective Trust any amounts determined under Section 11.01 or 11.04 attributable to periods prior to the Effective Date (as defined in the
Succession Agreement) but not yet paid, and if any outstanding adjustments required by Appendix A shall exceed any amount due to State Street, it shall pay such excess to the Successor Trustee. 
 10.03 Financial Condition and Organization. As promptly as practicable after such information either becomes legally available for dissemination
or is released to the public, State Street shall notify ABA RF of any change or pending change to the ownership, legal structure or organization of State Street or any Affiliate or division thereof that provides any services to or in connection with
the Program. 
 10.04 Insurance Certification. State Street has previously provided ABA RF with a certificate of coverage with respect
to all insurance policies (including fiduciary and errors and omissions) of State Street that could reasonably cover or relate to the Trusts, the ABA Members Collective Trust or the Program, and will notify ABA RF of any changes in such coverage
within thirty (30) days after the earlier of when the change is made or when it becomes effective. From time to time ABA RF may reasonably request that State Street provide a copy of the applicable insurance policy. State Street, its officers,
directors and employees are exempt from the fidelity bond requirements of Section 412 of ERISA, and nothing in this Agreement shall be construed to require State Street to maintain such a fidelity bond for itself, its officers, directors or
employees. 
 10.05 Approval of Major Vendors. 
 (a) Within a reasonable period of time, not less than fifteen (15) Business Days, prior to the hiring of a Major Vendor, State Street
shall submit to ABA RF for ABA RF’s 

  

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approval a summary of the proposed terms for the hiring of such Major Vendor; provided, however, that if ABA RF does not approve such Major Vendor or the
proposed terms of the arrangement, State Street may engage such Major Vendor to provide services for the benefit of any other client of State Street regardless of whether such Major Vendor will continue to be available to provide services to the
Program on the proposed terms. The terms of State Street’s contracts with Major Vendors shall be consistent with State Street’s responsibilities, duties and obligations under, and not in conflict with the terms and conditions of, this
Agreement, the Trusts and the ABA Members Collective Trust, including, without limitation, Section 10.08. State Street shall provide to ABA RF copies of such contracts when executed. Notwithstanding the foregoing, ABA RF’s approval under
this Section shall not be required for the renewal or reengagement of a Major Vendor previously approved by ABA RF, provided that the terms of such renewal or reengagement (other than fees) are not materially different than those previously approved
by ABA RF. 
 (b) ABA RF acknowledges that it has consented to the engagement of State Street Bank and Trust Company as a
securities lending fiduciary and the payment of certain fees in connection therewith pursuant to a Securities Lending Authorization Agreement dated as of January 1, 2004 which contemplates the participation of the Funds (either directly or
indirectly) in State Street Bank and Trust Company’s securities lending program. 
 10.06 Indemnification of ABA RF by Major
Vendors. State Street shall use its best efforts to obtain from Major Vendors engaged primarily for the benefit of the Program indemnification of the Indemnified Persons (as defined in Section 12.04) for any act or omission of such Major
Vendors, with provisions similar to the provisions of Article 12. 
 10.07 Non-Competition. During the term of this Agreement or any
successor agreement hereto and for two years following the Transfer Completion Date, State Street shall not either directly or indirectly, alone or with others, knowingly interfere with ABA RF’s relationships with Qualified Employers including,
but not limited to, contacting past, present or prospective Employers for the purpose of offering them competing or alternative investment opportunities as part of a marketing effort focused primarily on a sector of or the entire legal community.
ABA RF hereby acknowledges that State Street is currently and may in the future be engaged in marketing activities involving competing or alternative investment opportunities for qualified retirement plans of the type maintained under the Program
that may reach sectors of the legal community in a coincidental manner and that such activities are not prohibited by this Section, provided that State Street has used commercially reasonable efforts to mitigate inclusion of Qualified Employers in
such activities. This Section shall survive termination of this Agreement. 
 10.08 Confidentiality. Except as provided below, State
Street shall hold in strict confidence all Program Data and Records and shall use such Program Data and Records only to perform its obligations under this Agreement and to fulfill its obligations in connection with the Program. State Street
acknowledges that State Street has no right or title in or to (including without limitation copyright rights in) the Program Data and Records and collections or compilations of such Program Data and Records. To the extent State Street would have any
right or title in or to the Program Data and Records and collections or compilations of such Program Data and Records, it hereby assigns to ABA RF all of such rights (including without limitation 

  

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copyright rights). State Street may disclose Program Data and Records as necessary for State Street to perform its obligations under this Agreement, but
wherever possible, State Street shall disclose Program Data and Records only to ABA RF, the Investment Fiduciary, individuals within the State Street organization and third parties engaged by State Street who have a need to know such information in
order for State Street to perform its obligations under this Agreement and to fulfill its obligations in connection with the Program; provided, however, that State Street shall use its best efforts to cause third parties who have access to Program
Data and Records to enter into a confidentiality agreement with respect to such Program Data and Records. State Street acknowledges that the foregoing obligations include the obligation of State Street not to reveal (a) any such Program Data
and Records regarding individual Participants, Employers or Investors or (b) any Program Data or Records that could be used directly or indirectly to identify an individual Participant, Employer or Investor except when the Participant, Employer
or Investor so requests. The foregoing obligations shall not apply to any of the following: (w) information rightfully known to State Street, without continuing restrictions on disclosure, prior to being supplied to State Street as part of the
Program Data and Records, (x) information that is or becomes generally known to the public or in the trade other than through a failure on the part of State Street to observe its obligations hereunder, (y) information that is independently
developed or rightfully obtained without continuing restrictions on disclosures from third parties by State street otherwise than under the Program or (z) information that State Street must disclose to comply with federal or state statutory or
regulatory requirements or pursuant to a judicial or administrative order; provided that State Street shall consult with ABA RF prior to making any such disclosure to the extent possible and shall provide ABA RF reasonable notice to enable ABA RF to
resist any disclosure pursuant to 10.08(z). This Section shall survive termination of this Agreement. If requested by ABA RF, State Street shall include a copyright notice or other proprietary rights legend on all human and machine readable copies
of the Program Data and Records, including any electronic data files containing the Program Data and Records and the media for such data files. The form and content of any such notice or legend shall be determined by ABA RF. 
 10.09 Copyright of Trusts and ABA Members Plans. State Street shall not interfere with or otherwise impede ABA RF’s efforts to protect the
Trusts and the ABA Members Plans by copyright and State Street shall not infringe on any such copyrights. 
 10.10 Maintenance and
Disposition of Program Data and Records. For one year following the Transfer Completion Date, State Street shall maintain one copy of all Program Data and Records that are maintained electronically on magnetic tape for the last accounting period
for which State Street was responsible under this Agreement and that are Participant, Plan, Employer or Investor records. At the end of such one year period, to the extent permitted by applicable law and the customary practices of State Street with
respect to such matters, State Street shall destroy all copies of Program Data and Records in its possession and control, unless ABA RF and State Street shall otherwise agree in writing. This Section shall survive termination of the Agreement. Prior
to any such destruction, State Street shall provide to ABA RF a copy of any such Program Data and Records to be destroyed by State Street. The copy shall be in electronic or such other form as may be reasonably requested by ABA RF; provided,
however, that ABA RF shall pay the reasonable expenses associated with making such copy if the format requested is not the standard format in which State Street maintains such Program Data and 

  

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Records. Upon request by ABA RF, State Street shall provide a description or samples of such standard format. 
 10.11 Investment Advisor Agreements. State Street shall provide ABA RF and the Investment Fiduciary with copies of all (a) Investment Advisor
Agreements, (b) notices required under the Investment Advisor Agreements, and (c) reports required under the Investment Advisor Agreements. 
 10.12 Notice of Change in Status or Regulatory Action. Subject to applicable laws and regulations, State Street shall promptly notify ABA RF of (a) any change in its status as a bank, (b) any notice
by any governmental agency of the intent to place material limitation on the activities of State Street that relate to or affect the Program, or (c) the receipt of formal notice of the commencement of any proceedings by any governmental agency
to take any action that would change State Street’s status or the status of the Program under the Investment Company Act of 1940, as amended. State Street shall notify ABA RF of such information as soon as such information is available for
public disclosure. 
 10.13 Performance by Affiliates. The parties acknowledge that State Street may cause one or more of its
Affiliates, including SSGM to perform services in satisfaction of State Street’s obligations under this Agreement. State Street hereby guarantees the performance of such Affiliates and shall be liable therefor to the same extent as if State
Street had directly performed such obligations. State Street further agrees, and it shall take any and all action as shall be necessary to require, that any obligation imposed on it hereunder shall also be assumed by any Affiliate it designates to
perform any activity hereunder, and to the extent of such designation, ABA RF shall have the same rights with respect to such Affiliate as ABA RF has with respect to State Street. In furtherance thereof, but not as a limitation, State Street agrees
each such Affiliate shall be subject to, and that it shall take any and all action as shall be necessary to cause each such Affiliate to be subject to all the provisions of this Article 10 and Sections 12.04, 12.05, 12.06, 12.07, 12.10, 14.06, 14.08
and 14.09, as if such Affiliate were a party to this Agreement. 
 10.14 Transition Management. State Street NH may from time to time
determine, with the input of the Investment Fiduciary, to terminate and/or retain Investment Advisors of any Fund and/or to reposition or restructure the assets of any Fund (each a “Transition Event”). With respect to any Transition Event,
State Street may, solely to the extent authorized by ABA RF, be responsible for providing, either directly or indirectly through its affiliates, transition management and brokerage services necessary or appropriate to effect the Transition Event. If
State Street is selected by ABA RF as the transition manager with respect to a Transition Event, State Street shall charge a fee of a fixed amount to effect such Transition Event, which amount will be separately presented to, and subject to the
approval of, ABA RF. State Street shall enter into an agreement with State Street NH in form and substance reasonably acceptable to ABA RF setting forth the rights and obligations of State Street and the ABA Members Collective Trust with
respect to each such Transition Event. 
 ARTICLE 11 FEES AND EXPENSES 
 11.01 State Street’s Fees. State Street shall be compensated under the Program by payment of the trust, management and administration fee, investment management fees related to 

  

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index funds and the index portions of other relevant Funds (the “Index Management Fee”), a retirement date funds management fee, fees for managing
the Real Asset Return Fund, the Target Risk Funds and a fee for managing the Stable Asset Return Fund (“SARF”) in accordance with the terms contained in Appendix A hereto. The trust management and administration fee shall be in
consideration of Trustee Services (not including any services performed by the Program Recordkeeper) other than management of (i) the index funds and the index portions of other relevant Funds, (ii) retirement date funds described in the
Prospectus and (iii) SARF. The Index Management Fee shall be in consideration of State Street’s investment management services relating to the assets in the index funds and the indexed portions of the other relevant Funds. Appendix A shall
set forth all of the fees payable to State Street in connection with the Program, including, without limitation, any amounts payable under Section 10.14, and no provision of the Recordkeeping Agreement, the ABA Members Collective Trust or the
Trusts shall entitle State Street to additional compensation. Nothing in this Section shall preclude the payment of expenses of the Program or Plans to the extent permitted by Section 11.04. 
 11.02 ABA RF’s Fees. ABA RF shall be compensated under the Program in accordance with the terms contained in Appendix B hereto, which fees as
of June 18, 2009 shall relate only to the Investment Options and Closed Options, services and obligations of ABA RF under the Employer Plans and under this Agreement. The fee schedule set forth in Appendix B may be increased only by written
notification of such increase to all Employers, and shall not be effective less than sixty (60) days after such notification. 
 11.03
Additional Services. State Street’s obligations to perform services not required or agreed to under this Agreement shall be conditioned on ABA RF’s agreement to allow State Street to charge a reasonable fee for such services. If the
cost to State Street to provide additional services is minimal both individually and in the aggregate (from the Amendment Date through the date such services are contemplated) then State Street shall be deemed to have waived its right to an
additional reasonable fee pursuant to this Section. If ABA RF and State Street are unable to reach agreement under this Section within ninety (90) days of commencing negotiations, they shall submit the fee for such services to arbitration in
accordance with Section 14.11 and State Street shall provide such services, pending the results of arbitration, for the last fee it proposed for such services prior to submitting to arbitration, subject to retroactive adjustments based upon the
fee as determined by arbitration. 
 11.04 Expenses. 
 (a) General. Expenses of operation of the Program, the Plans, the Trusts and the ABA Members Collective Trust, as are permitted by
applicable laws and regulations and this Agreement, shall be charged to and paid from the assets of the Trusts or the ABA Members Collective Trust (and charged to each Investment Option), for which such expenses are incurred. Except as otherwise
provided in this Agreement, such expenses shall include but are not limited to (i) brokers’ fees and commissions, (ii) transfer and other taxes, (iii) custodians’ fees (including without limitation custodians’ fees paid
to State Street and its Affiliates, to the extent permitted by applicable law, including without limitation, the prohibitions of Part 4 of Title I of ERISA), (iv) Securities and Exchange Commission fees, (v) state securities registration
fees, (vi) Internal Revenue Service user fees, (vii) fees and expenses paid pursuant to any Investment Advisor Agreement, (viii) fees and expenses paid to the Investment Fiduciary engaged pursuant to the 

  

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first sentence of Section 4.02, (ix) fees and expenses payable to the Program Recordkeeper pursuant to the Program Services Agreement
(x) transition management expenses, (xi) other reasonable independent legal, independent auditing, printing and mailing expenses incurred in the preparation of Securities and Exchange Commission and state securities filings, no-action
letters or reports, (xii) printing and mailing costs incurred in connection with providing the Prospectus and related materials to Investors and prospective Investors who have communicated indications of interest in the Program, and
(xiii) expenses as permitted under Section 12.10. To the extent that State Street pays any expenses with respect to a particular Investment Option or Closed Option which are properly chargeable pursuant to this Section to a Trust or the
ABA Members Collective Trust, as the case may be, it shall be entitled to reimbursement therefrom. 
 (b) Budgets. Not
later than the meeting of the Board held in the fourth quarter of the preceding year, State Street shall present ABA RF a detailed budget of each of the categories of expenses, including without limitation, the categories listed in subsection
(a) above, to be charged to the ABA Members Collective Trust or the Trusts for the next calendar year. At each meeting of the Board during such calendar year, State Street shall deliver a status report listing the categories of expense and
expenses incurred to date as compared to such budget. ABA RF may make comments and recommendations with respect to such budgets and status reports, and State Street shall give full consideration thereto. Any item of expense properly chargeable to
the Trusts or the ABA Members Collective Trust under Section 11.04 may be so charged even if State Street fails to include an item of expense in such Budget or if such expense items exceed such budget; provided that such expenses are approved
by ABA RF in accordance with Section 11.04(d) below. 
 (c) Amortization Schedules. If State Street shall
determine that any expenses otherwise chargeable to the ABA Members Collective Trust or the Trusts are to be amortized over a period of months or years, State Street shall prior to the commencement of such amortization provide to ABA RF a detailed
schedule of such expenses, the period of amortization and the reasons therefor. ABA RF may make comments and suggestions with respect to the need for and the structure of any such amortization schedule, and State Street shall give full consideration
thereto. If an unknown item of expense or an adjustment of any expense is uncovered after such amortization schedule has been approved by ABA RF, then State Street shall provide ABA RF with a detailed schedule of such expenses and adjustments and
the period of amortization and the reasons therefor. 
 (d) Notice of Certain Expenses. State Street shall not charge
any item of expense in excess of $25,000 against the Trusts or the ABA Members Collective Trust not described in clauses (i) through (xiii) of Section 11.04(a) above (or seek reimbursement thereof) without providing to ABA RF written
notice thereof setting forth a description of such expense and the reason State Street believes such expense should be paid by the Trusts or the ABA Members Collective Trust, as the case may be, unless such expense is included in and not in excess
of the appropriate amount budgeted pursuant to Section 11.04(b) above. 
 (e) Certain Expenses not Chargeable. For
purposes of this Section 11.04, expenses of operation of the Program, the Plans, the Trusts and the ABA Members Collective Trust shall not include salaries, fringe benefits, taxes and overhead attributable to the ABA RF 

  

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Program Services Unit or other personnel or operations of State Street or its Affiliates, or travel expenses of any such personnel. 
 ARTICLE 12 LIMITATION OF LIABILITY AND INDEMNIFICATION 
 12.01 Limitation of Liability for Instructions from Participants, Employers, Investors, or the Program Recordkeeper Pursuant to the Program Interface Agreement. Except as otherwise provided by laws or regulations, neither ABA RF nor
State Street (in each of its various capacities under the Program) shall be liable for any act or omission made in accordance with its obligations under this Agreement, the ABA Members Collective Trust, the ABA Members Plans, the Trusts or the
Program Interface Agreement to the extent that such act or omission was made in good faith, without negligence, and in accordance with an instruction or information provided by a Participant, Employer, Investor, or the Program Recordkeeper pursuant
to the Program Interface Agreement, where the party in question had no reason to believe that such instruction or such information was unauthorized or incorrect. 
 12.02 Limitation of Liability For Instructions From ABA RF. Except as otherwise provided by laws or regulations, State Street (in each of its various capacities under the Program) shall not be liable to ABA RF
(or other Indemnified Persons) for any act or omission made in good faith, without negligence, and in accordance with the express advance written approval or instructions of ABA RF under this Agreement. 
 12.03 Limitation of Liability for Acts of Third Parties. Except as otherwise provided by laws or regulations, neither ABA RF nor State Street (in
each of its various capacities under the Program) shall be liable for any act or omission of any person or entity (other than an affiliate of ABA RF, in the case of ABA RF, or an Affiliate, in the case of State Street), that acts or has acted as a
fiduciary or service provider to a Plan, a Trust or the ABA Members Collective Trust pursuant to delegation of fiduciary responsibility under such Plan or trust, this Agreement or the Investment Manager Agreements. State Street shall not be liable
for any act or omission of Equitable or the Program Recordkeeper, except to the extent that the Program Recordkeeper’s act or omission was based on any act or omission of State Street as to which State Street is not entitled to the limitation
of liability set forth in Section 12.01 hereof; provided, however, that nothing in this Agreement shall relieve State Street for any liability incurred under the Existing Agreement before the date hereof. 
 12.04 Indemnification. State Street agrees to defend, indemnify and hold harmless ABA RF, its then-present and former officers, directors,
advisory directors, employees, the ABA, and its then present and former officers, and the Board of Governors (the “Indemnified Persons”) against any and all expenses (including attorneys’ fees, subject to Section 12.05),
judgments, fines, penalties (including any civil penalties assessed under Section 502(1) of ERISA) and amounts paid in settlement, actually and reasonably incurred in connection with any threatened, pending or current action, suit, proceeding
or claim, whether civil, criminal, administrative or otherwise, and the amount of any adverse judgment entered against any of them and reasonable expenses attendant thereto by reason of any of State Street’s acts or omissions in connection with
the Program, subject to the limitations of Sections 12.01, 12.02 and 12.03. For the above defense, indemnity and hold harmless provision to apply (a) the Indemnified Persons shall inform State Street promptly of any claims threatened or made
against any Indemnified Person, 

  

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(b) the Indemnified Persons shall cooperate fully with State Street in responding to such threatened or actual claims, and (c) any settlement agreement
shall require the written approval of State Street, which consent shall not be unreasonably withheld or delayed. This Section shall survive termination of this Agreement. 
 12.05 Counsel for Indemnified Persons. State Street agrees to cooperate fully with the Indemnified Persons in responding to any threatened or actual claims. Each Indemnified Person shall have the right to
employ counsel in its, his or her sole discretion. However, none of State Street, the Trusts nor the ABA Members Collective Trust shall be liable (a) for any legal or other expenses incurred in connection with any such threatened, pending or
current action, suit, proceeding or claim (whether civil, criminal, administrative or otherwise), or defense to any of the foregoing, that were not specifically authorized by State Street or (b) for reasonable attorneys’ fees for the
Indemnified Persons unless State Street shall have received a written opinion reasonably acceptable in form and substance to State Street of counsel reasonably acceptable to State Street (and which counsel shall not represent or otherwise be
affiliated with any of the Indemnified Persons) that there exists a material conflict of interest either (y) between (i) such Indemnified Persons and (ii) State Street or (z) among such Indemnified Persons, each in the conduct of
the response to a threatened claim or in the conduct of the defense of an actual claim in which event State Street shall be liable for the reasonable legal expenses of each counsel whose appointment is necessary to resolve such conflict; provided,
however, that if any threatened, pending or current action, suit, proceeding or claim, or defense to any of the foregoing is civil in nature, State Street, the Trusts and the ABA Members Trusts, collectively, shall not be responsible for the
reasonable attorneys’ fees with respect to more than one (1) counsel for all Indemnified Persons, collectively. 
 12.06
Contribution. In order to provide for just and equitable contribution in circumstances in which the terms of Section 12.04 are applicable, but the indemnification provided for therein is held for any reason to be unavailable or
unenforceable, the Indemnified Persons shall contribute to the aggregate expenses (including attorneys’ fees, subject to Section 12.05), judgments, fines, penalties (including any civil penalties assessed under Section 502(1) of
ERISA) and amounts paid in settlement, actually and reasonably incurred in connection with any threatened, pending or current action, suit, proceeding or claim, whether civil, criminal, administrative or otherwise, which such Indemnified Persons and
State Street may be subject to or liable for, in the following proportions: the Indemnified Persons collectively shall contribute one-one thousandth of one percent (0.001%) of such losses, claims, damages, expenses and liabilities, and State Street
shall contribute the balance thereof. State Street shall have no other right of contribution from any of the Indemnified Persons. 
 12.07
Enforcement of Rights. If an Indemnified Person is reasonably required to bring any action to enforce rights or collect monies due under this Article and is successful in such action, State Street shall reimburse such Indemnified Person or
its subrogee for reasonable fees (including attorneys’ fees in accordance with Section 12.05) and expenses incurred in bringing and pursuing such action. 
 12.08 Supplemental Indemnification. Indemnification pursuant to this Article is intended to be supplemental to any other rights to indemnification available to the Indemnified 

  

 24 

 
Persons. Nothing herein shall be deemed to diminish or otherwise restrict the Indemnified Persons’ rights to indemnification under applicable laws.

 12.09 Interests of ABA Members Collective Trust, Trusts and ABA Members Plans. In accordance with the ABA Members Collective Trust
and the Trusts, State Street shall, whenever in its judgment any interest of the Program so requires, acting on behalf of the ABA Members Collective Trust or the Trusts, (a) settle, compromise, abandon or submit to arbitration any claim or
demand, or (b) commence or defend any suit or legal proceeding. State Street shall represent the ABA Members Collective Trust and the Trusts in any arbitration, suit or legal proceeding in any court or before any other body or tribunal. ABA RF,
as sponsor of the ABA Members Plans, shall represent the ABA Members Plans in any arbitration, suit or legal proceeding in any court or before any other body or tribunal; provided, however, that if State Street, the Trusts or the ABA Members
Collective Trust is also involved in such arbitration, suit, or legal proceeding, State Street shall control the arbitration, suit or legal proceeding on behalf of the Program (except to the extent provided in 12.04 and 12.05), including but not
limited to selecting counsel, determining the appropriate litigation strategy, and determining (to the extent possible) the forum for such arbitration, suit or proceeding, provided that State Street shall from time to time (not less than quarterly)
inform ABA RF of the progress of such litigation and ABA RF shall have the right to make suggestions and comments regarding State Street’s control of such litigation. 
 12.10 Payment of Expenses. Expenses (including attorneys’ fees) specifically authorized by State Street pursuant to Section 12.05 and
actually and reasonably incurred by the Indemnified Persons in defending against or responding to such threatened or actual claims shall be paid by State Street as they are incurred. State Street may charge such expenses and any expenses pursuant to
Section 12.09, each to the extent appropriate, as expenses of the Trusts and the ABA Members Collective Trust (to the extent provided in Section 11.04); provided, however, that State Street may do so only (a) if the gravamen of the
action, suit, proceeding or claim is principally the result of State Street, the Program, the Trusts, the Plans or the Collective Trust being a stakeholder or (b) in any other case in which a gravamen of the complaint is not an alleged breach
of this Agreement or duty by State Street; provided, further, that to the extent appropriate, such expenses shall be charged to the particular Plan or affected Participant’s account involved in the action, suit, proceeding or claim.
Notwithstanding the foregoing, expenses resulting from any threatened, pending or current action, suit, proceeding or claim, or defense to any of the foregoing, relating principally to an act or omission of Equitable, to the extent that they are not
covered by and paid under the Administrative Services Agreement between Equitable and ABA RF dated October 4, 1985, shall be charged as expenses of the Trusts and the ABA Collective Trust. 
 ARTICLE 13 TERMINATION OF AGREEMENT 
 13.01
Termination as of the Effective Date (as defined in the Succession Agreement). This Agreement shall terminate immediately upon the Effective Date (as defined in the Succession Agreement). 
 13.02 Termination by State Street. State Street may terminate this Agreement at or after the earlier to occur of (a) the close of business on
September 30, 2011 (provided, that if on such date any “Transfer Event” as defined in the Succession Agreement has occurred and is then continuing, then such date shall be extended to March 31, 2012) or (b) the date on or
after 

  

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September 30, 2010 on which Northern or ABA RF delivers a Notice of Termination (as defined in the Fiduciary Investment Services Agreement among
Northern, the Successor Trustee and ABA RF, dated as of August 15, 2008, and as amended effective July 1, 2009 (“FISA”)); provided, however, that if on or prior to the date on which such a Notice of Termination (as defined in
FISA) is delivered under FISA the obligations of Northern and the Successor Trustee under the Succession Agreement are assumed by another party that is, and upon terms and conditions that are, reasonably acceptable to State Street, the provisions of
this clause (b) shall apply with respect to such new party’s arrangements with ABA RF. Any such termination shall be effected by written notice (which may be delivered in advance of the dates specified above) to ABA RF at least six
(6) months in advance of the termination date. In addition, State Street may terminate this Agreement for Cause at any time, upon six (6) months prior delivery of a Notice of Termination, which Notice may be delivered only at or after the
end of any correction or cure period provided in Section 13.03. 
 13.03 Termination For Cause. The following behavior shall
constitute Cause under this Agreement: any material violation of this Agreement or the Trusts that ABA RF fails, within thirty (30) days of receipt of written notice thereof from State Street to correct, or as to which ABA RF fails to reach a
written agreement with State Street, as to an appropriate time frame for correction or other resolution and which is not corrected or otherwise resolved within such appropriate time frame. 
 13.04 Termination by ABA RF. ABA RF may terminate this Agreement at any time by delivery to State Street of a written notice of termination at
least six (6) months prior to the date of termination specified therein. 
 13.05 Consent to Termination. All Participants,
Investors and Employers shall be deemed to have consented to any termination of this Agreement and shall have no right to withhold such consent. 
 13.06 Transfer of Program Assets. In the event of a termination of this Agreement, State Street shall arrange for the transfer of the assets of the Trusts and the ABA Members Collective Trust, in accordance with the terms of the
Trusts, the ABA Members Collective Trust and the ABA Members Plans to the successor trustee, subject to applicable laws and regulations. 
 ARTICLE 14
MISCELLANEOUS 
 14.01 Service Standards. State Street shall perform each and every of its duties and responsibilities hereunder in
accordance with the highest standard of care applicable to persons performing services of the type required hereunder and shall always apply the best practices reasonably available to it when carrying out such duties and responsibilities. State
Street and ABA RF may identify certain of the services to be performed by State Street pursuant to this Agreement, the performance of which shall be governed by the Service Standards as may be agreed to by State Street and ABA RF. If State Street
shall in any agreement with another client of comparable size (as measured by assets or number of participants) agree to comply with a higher standard of performance than that required by the applicable Service Standards, State Street shall promptly
notify ABA RF of such event, the applicable Service Standards shall be deemed to have been automatically amended to include such higher standard of performance. 
  

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 14.02 Plan Disqualification. If it is determined that a Plan does not meet the requirements for
qualification under the Code, State Street may withdraw from the Funds any or all amounts attributable to that Plan and pay such amounts as directed by the Program Recordkeeper and as required by the Plans and Trusts and in accordance with
applicable law. 
 14.03 Agents of ABA RF. With respect to any provision of this Agreement, but subject to applicable laws and
regulations, the Board may designate in writing to State Street one or more authorized representatives to act on behalf of ABA RF, in which case State Street shall be entitled to communicate with such representatives, until such time as ABA RF
provides written notice to the contrary, and actions by such representatives shall be binding on all parties. 
 14.04 Good Faith.
Both ABA RF and State Street shall have an obligation to consent, respond, agree, provide notice, give and consider comments or recommendations, negotiate, approve, cooperate and otherwise act in good faith and on a reasonably timely basis with
respect to each provision of this Agreement, the ABA Members Collective Trust and the Trusts. Even if not expressly stated herein, no consent, approval or endorsement of ABA RF or State Street under this Agreement shall be unreasonably withheld or
delayed. 
 14.05 Compliance with Laws. State Street shall comply, shall cause the ABA Members Collective Trust and the Trusts to
comply and shall cooperate in assisting ABA RF and any other person or entity providing such services in complying with all applicable employee benefit, securities, banking and insurance laws and regulations. ABA RF shall comply, shall cause the ABA
Members Plans and the Trusts to comply and shall cooperate in assisting State Street and any other person or entity providing such services in complying with all applicable employee benefit, securities, banking and insurance laws and regulations,
including without limitation by providing any information reasonably available to ABA RF that is reasonably requested by State Street and by assisting State Street in obtaining such other information as may be reasonably requested by State Street,
each in connection with action taken by State Street under this Agreement or to obtain any opinion letter, ruling, no-action letter or interpretive request filed with or requested from the Internal Revenue Service, the Department of Labor, the
Securities and Exchange Commission or any similar state securities regulatory authority. 
 14.06 Audits. As sponsor of the ABA
Members Plans and on behalf of Participants, Employers and Investors, ABA RF may, for the purpose of providing assurance that State Street is fulfilling its obligations under this Agreement, the ABA Members Collective Trust and the Trusts, at any
time and from time to time, audit (either by itself or through auditors it may appoint), the facilities, operations and Plan records of State Street that relate to State Street’s fulfillment of its duties, responsibilities and obligations under
this Agreement, the ABA Members Collective Trust and the Trusts. State Street shall cooperate with ABA RF or auditors appointed by ABA RF for such purpose. The cost of such audit shall be paid from ABA RF’s own funds unless such audit discloses
an error in Program accounting or records that requires an adjustment to Participants’ accounts, a change in State Street’s internal accounting procedures or discloses State Street’s failure to comply with Service Standards, in which
case State Street shall pay such cost. Nothing in this Section shall give ABA RF the right to a financial audit of State Street. 
  

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 14.07 Amendment. This Agreement and Section 6.08 of the ABA Members Collective Trust may be
amended only by a written instrument executed by ABA RF and State Street. All Participants, Employers and Investors shall be deemed to have consented to any such amendment and shall have no right to withhold such consent. 
 14.08 Assignment; Change of Control. Subject to the terms and conditions of this Section 14.08, neither ABA RF nor State Street may assign
its rights or obligations under this Agreement, any Investment Advisor Agreement or any Investment Manager Agreement without the other’s prior written consent. For purposes of this Section, a merger, reorganization or transfer of substantially
all of the assets of ABA RF to a successor organization shall not constitute an “assignment” of this Agreement, but any “Change of Control”, as defined in this Section 14.08, of State Street, or State Street Corporation,
shall constitute an “assignment” of this Agreement and entitle ABA RF to terminate this Agreement pursuant to Section 13.04, but with such notice period as ABA RF shall determine in its sole discretion. For purposes of this Section:

 (a) a Change of Control of State Street shall be deemed to occur if and when: 
 (i) a merger, consolidation or reorganization of State Street or the transfer of substantially all its assets to a successor organization
occurs, unless State Street is the survivor in any such transaction, and after such transaction, State Street is controlled by State Street Corporation; or 
 (ii) any plan or proposal for the liquidation of State Street is adopted by its stockholders; 
 (b) a Change of Control of State Street Corporation shall be deemed to occur if and when: 
 (i) a merger,
consolidation or reorganization of State Street Corporation or the transfer of substantially all its assets to a successor organization occurs, unless State Street Corporation is the survivor in any such transaction and (A) it is not controlled
by another organization and (B) persons who were shareholders of State Street Corporation immediately before such transaction own more than 50% of the combined voting power of State Street Corporation immediately after such transaction;

 (ii) any person, including a “person” as such term is used in Section 14(d)(2) of the Securities Exchange
Act of 1934, as amended (the “1934 Act”), is or becomes a beneficial owner (as such term is defined in rule 13-d(3) under the 1934 Act), directly or indirectly, of securities of State Street Corporation, representing more than 50% of the
combined voting power of State Street Corporation’s outstanding securities; 
 (iii) any plan or proposal for the
liquidation of State Street Corporation is adopted by the stockholders of State Street Corporation; or 
 (iv) all or
substantially all of the assets of State Street Corporation are sold, liquidated or distributed. 
  

 28 

 14.09 Choice of Law. This Agreement shall be governed by and construed in accordance with the laws
of the State of Illinois applicable to agreements to be performed in that state; provided, however, that (a) the ABA Members Collective Trust and the Trusts shall be governed by and construed in accordance with the applicable laws of The
Commonwealth of Massachusetts, (b) the ABA Members Plans shall be governed by and construed in accordance with the applicable laws of the State of Illinois and (c) in the event of a conflict of laws in any dispute between (i) this
Agreement and (ii) any of the ABA Members Collective Trust, the Trusts or the ABA Members Plans, the laws of The Commonwealth of Massachusetts shall govern (without regard to choice of law principles thereunder). 
 14.10 Resolution of Disputes. The parties agree to address disagreements and disputes arising out of or related to this Agreement or the breach
thereof through the procedures set forth in this paragraph before resorting to arbitration. Each party shall designate an employee who will be the initial contact for resolving disputes. Each party shall raise any questions, disagreements or
disputes falling within the scope of this Section with the designated employee of the other party. The designated employees will work together to resolve the relevant issue in a manner that meets the interests of both parties, or until the issue is
referred to designated officers of the parties as set forth below. Each party shall also designate an officer or director who will review disagreements or disputes that the designated employees are unable to resolve. These officers will work
together to resolve the disputes so referred in a manner that meets the interests of both parties, either until such agreement is reached, or until an impasse is declared by either party. 
 14.11 Arbitration of Disputes. Any dispute or controversy between ABA RF and State Street arising under, out of, in connection with or in relation
to this Agreement (whether or not arising under provisions specifically referring to this Section), the ABA Members Collective Trust, the Trusts or the ABA Members Plans, and any amendments thereof, other than any such dispute or controversy arising
in connection with any third party claim, or the breach thereof, shall be determined and settled by arbitration to be held in a location agreeable to State Street and ABA RF (or, if no location is agreed upon, in Chicago, Illinois) in accordance
with the rules then in effect for commercial disputes according to the commercial rules of the American Arbitration Association; provided, however, that in the discretion of the arbitrator, hearings may be held at such locations as are convenient
for the witnesses. In connection with any such arbitration, if State Street and ABA RF are unable to agree on a single arbitrator, then State Street and ABA RF shall each appoint one arbitrator and the two arbitrators so appointed shall appoint a
third arbitrator. If either State Street or ABA RF fails to appoint an arbitrator, or if the two arbitrators fail to appoint a third arbitrator, then the American Arbitration Association (or a similar organization agreeable to ABA RF and State
Street) shall appoint such arbitrator or arbitrators. Any award rendered by such arbitration or arbitrators may include an assessment of expenses (including attorneys’ fees and arbitration fees) and shall be conclusive and binding on each and
all of the parties, and judgment may be entered thereon by a court of competent jurisdiction. Nothing herein shall preclude either party from obtaining injunctive relief in appropriate circumstances, provided that after any grant of such relief, the
dispute shall be resolved in accordance with the procedures set forth in this Section. 
 14.12 Notice. All notices, requests or other
communications to be given by ABA RF or State Street to the other under this Agreement shall be considered properly given if (a) delivered 

  

 29 

 
in person, (b) delivered by overnight courier (with signed acknowledgment or receipt) or (c) sent by facsimile, confirmed by telephone by the
sender, each at the following address: 
 State Street: 
 State Street Bank and Trust Company 
 One Lincoln Street 
 Boston, Massachusetts 02111 
 Attention: Monet
T. Ewing 
 Facsimile: (617) 946-9434 
 State Street Bank and Trust Company of New Hampshire 
 20 Trafalgar Square, Suite 449 
 Nashua, New Hampshire 03063 
 Attention:
President 
 Facsimile: 603-882-8707 
 With a copy to: 
 State Street Bank and Trust Company 
 1200 Crown Colony Drive 
 Quincy,
Massachusetts 02169 
 Attention: Robert E. Fullam, CFA 
 Facsimile: (617) 946-9452 
 ABA RF: 
 ABA Retirement Funds 
 321 N. Clark Street,
16th Floor 
 Chicago, Illinois 60654-7598 
 Attention: Executive Director 
 Facsimile: (312) 988-5367 
 or mailed by first-class United States mail, postage prepaid, registered or certified with return receipt requested to ABA RF at the above address or to State Street at
the following address: 
 State Street Bank and Trust Company 
 One Lincoln Street 
 Boston, Massachusetts 02111 
 Attention: Monet T. Ewing 
 Address for Program
Recordkeeper: For notices from ABA RF, pursuant to the Program Services Agreement. For notices from State Street, pursuant to the Program Interface Agreement. 
 Address for Investment Fiduciary: For notices from ABA RF, pursuant to Fiduciary Investment Services Agreement. For notices from State Street, pursuant to the Succession Agreement. 
  

 30 

 All notices, requests or communications shall be deemed given (y) upon the expiration of five
(5) Business Days after deposit if mailed or (z) upon receipt by the addressee if given in person, by courier or by facsimile. If any communication is tendered to a party and the delivery thereof is refused by such party, such
communication shall be effective upon the tender. Either State Street or ABA RF may change the address to which notices are to be delivered by written notice to the other party as provided in this Section. 
 14.13 Severability of Provisions. If any provision of this Agreement is found to be unenforceable, the other provisions shall remain in effect.

 14.14 Waiver. Any agreement by ABA RF or State Street to an extension or waiver of any provision of this Agreement shall be valid
only if set forth in an instrument in writing signed by such party, but such waiver or failure to insist on strict compliance with such provision shall not operate as a waiver or estoppel with respect to any subsequent or other failure. 

14.15 Captions. The captions or headings in this Agreement are for convenience only and in no way define, limit or describe the scope or intent
of any provisions or sections of this Agreement. 
 14.16 Action by ABA RF. Any action required or permitted to be taken hereunder by
ABA RF may be taken by resolution of the Board, by resolution of any duly authorized committee of, or appointed by the Board or by any officer or agent duly authorized to take such action by the Board or such a committee. 
 14.17 Construction of Terms. The singular may include the plural and vice versa, unless the context clearly indicates to the contrary. Unless
otherwise stated, all references to Sections and Articles are to Sections and Articles of this Agreement. 
 14.18 Execution in
Counterparts. This Agreement may be executed in counterparts, and all the counterparts together shall be considered an original. 
 14.19
Entire Agreement. This Agreement (including the Appendices hereto), together with the Trusts and the ABA Members Collective Trust and, to the extent applicable, the ABA Members Plans, contains the entire agreement between the parties, and
supersedes all prior agreements, arrangements and understandings between State Street and ABA RF, relating to the subject matter contained herein. 
 14.20 Authority. The parties to this Agreement represent, respectively, that they have duly authorized the execution, delivery and performance of this Agreement and that neither such execution and delivery nor the performance of
their obligations hereunder conflict with or violate any provision of law, rule or regulation, or any instrument to which either is a party or to which any of their respective properties are subject and that this Agreement is a valid and binding
obligation. 
 14.21 FISA Amendments. ABA RF hereby acknowledges and agrees that it shall not agree to any amendment of FISA that
would adversely affect State Street’s rights without obtaining State Street’s prior written consent, which consent shall not be unreasonably withheld. 
  

 31 

 IN WITNESS WHEREOF, this Agreement has been signed on behalf of each of the parties hereto on this 29th
day of June, 2009 with an effective date as of May 1, 2009 (except to the extent the parties are obligated hereunder to take any action prior to such date). 
  

			
	STATE STREET BANK AND TRUST COMPANY
		
	By:	 	/s/ Nancy E. Grady
		
	Name:	 	Nancy E. Grady
		
	Title:	 	Senior Vice President
	
	THE ABA RETIREMENT FUNDS
		
	By:	 	/s/ Harry L. Hathaway
		 	President

 APPENDIX A 
 FEES PAID TO STATE STREET 
  

	I.	Trust, Management and Administration: 

 The
trust, management and administration fee shall be calculated according to the following schedule as applied to the aggregate value of assets held by the Funds described in Section 2.01. 
  

			
	 First $1 Billion
	  	.202%
	 Next $1.8 Billion
	  	.067%
	 Over $2.8 Billion
	  	.029%

 Such fee shall accrue daily and be paid to State Street at the end of each month. Such fee is
based upon the current Fund line up and specific construction of each Fund relative to its advisor composition, custody as of July 6, 2009 and other Fund administration requirements. ARF and State Street reserve the right to change such fee should
the Fund line up or construction of a Fund change in the future in a manner which changes State Street’s costs of administering any such Fund or Funds. 
 The investment management fee relating to the Stable Asset Return Fund (“SARF”) is included in the trustee, management and administration fee. 
  

	II.	Retirement Date Funds Management Fee. 

 (a)
The Retirement Date Fund Management Fee shall be .10% as applied to the aggregate value of assets held by the Funds described in Section 2.01 and designated in the Prospectus as the “Retirement Date Funds.” 
 (b) Such fee shall be accrued on a daily basis and will be paid monthly. 
  

	III.	Real Asset Return Fund Management Fee (effective as of July 6, 2009). 

 State Street shall be entitled to receive with respect to the assets of the Real Asset Return Fund an investment management fee at the annual rate of .09%, which will accrue on a daily basis and will be paid monthly.

  

	IV.	Target Risk Funds Management Fee (effective as of July 6, 2009). 

 State Street shall be entitled to receive with respect to the assets of the Target Risk Funds an investment management fee at the annual rate of .06% of the respective Target Risk Funds, which will accrue on a daily
basis and will be paid monthly. 

	V.	Index Management Fee 

 For investment
management services rendered to the index funds listed below, State Street shall be entitled to receive with respect to the assets of the index fund an investment management fee, charged at the following annual rates, which will accrue on a daily
basis and will be paid monthly from the relevant assets of the index fund or such other respective Funds: 
  

			
	 Aggregate Value of Assets in the Index Fund
	  	Rate:
	 Bond Index Fund
	  	.04%
	 Large-Cap Index Equity Fund
	  	.02%
	 All Cap Index Equity Fund
	  	.05%
	 Mid Cap Index Equity Fund
	  	.05%
	 Small Cap Index Equity Fund
	  	.05%
	 International Index Equity Fund
	  	.10%

 For investment management services rendered to the indexed portion of the Large Cap Equity Fund,
the Small-Mid Cap Equity Fund and the International All Cap Equity Fund, State Street shall be entitled to receive with respect to the assets of such indexed portion of such Fund an investment management fee, charged at the following annual rates,
which will accrue on a daily basis and will be paid monthly from the relevant assets of the respective Fund: 
  

			
	 Aggregate Value of the Indexed Portion of the Fund
	  	Rate:
	 Large Cap Equity Fund
	  	.05%
	 Small-Mid Cap Equity Fund
	  	.05%
	 International All Cap Equity Fund
	  	.12%

 APPENDIX B 
 FEES PAID TO ARF 
 Effective as of June 18, 2009, ARF’s fee shall be calculated according to the
following schedule based on the aggregate value of assets held in the Program as of the end of the last Business Day of the preceding month. 
  

				
	 First $3.0 Billion
	  	.075	% 
	 Next $1.0 Billion
	  	.065	% 
	 Next $1.0 Billion
	  	.035	% 
	 Next $1.0 Billion
	  	.025	% 
	 Over $6.0 Billion
	  	.015	% 

 Fees will be charged pro rata against all Program assets other than those held under
Self-Managed Option accounts and paid to ARF within ten (10) Business Days following the end of each month.

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