EXHIBIT G
TAIWAN RIDER
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This Rider ("Rider") is incorporated on this ______ day of 1998 by
reference into that certain Global Custody Agreement, dated as of 16th
December, 1991 between The Chase Manhattan Bank, N.A. (the "Bank") and The
Govett Funds, Inc. (the "Customer") (the "Master Agreement") and shall
constitute an amendment, modification and supplement thereto with respect to
custody services carried out thereunder by the Bank's Taipei Branch in the
Republic of China ("R.O.C.") ("R.O.C. Services"). All defined terms used in
this Riders shall, unless otherwise defined herein, have the meanings ascribed
thereto in the Master Agreement. Save as expressly provided in this Rider, all
terms of the Master Agreement shall apply to the R.O.C. Services; provided,
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that, as regards the R.O.C. Services, in the event of any conflict between this
Rider and the Master Agreement, this Rider shall prevail.
The parties agree as follows as regards the R.O.C. Services:
1. Investment Regulations; Filing of Reports.
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The Customer acknowledges that the services rendered hereunder are being
rendered in connection with the Customer's investments in the R.O.C. (the
"R.O.C. Investments") under the Regulations Governing Securities Investment by
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Overseas Chinese and Foreign Investors and Procedures for Remittances and
related laws, regulations, guidelines, orders and policies (collectively, as
amended and supplements from time to time, the "R.O.C. Investment Regulations")
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and represents and warrants to, and agrees with, the Bank as follows with
respect thereto:
(i) The Customer is permitted under the R.O.C. Investment Regulations to
make the investments contemplated herein and as a condition to the
performance of the Bank's obligations hereunder, the Customer shall
obtain or complete, as applicable, and provide evidence to the Bank
that it has obtained or completed, as applicable, all required
R.O.C. government approvals or procedures necessary for the making
of the R.O.C. Investments.
(ii) Notwithstanding anything to the contrary contained in the Master
Agreement, (a) the Bank shall not be obligated to do any act which
would, in the Bank's judgment violate the R.O.C. Investment
Regulations including, but not limited to, any advance of funds with
respect to the R.O.C. Investments and (b) the Customer authorizes
the Bank to do all acts, including disclosure of information, filing
of reports and countersigning of broker confirmations as required by
the R.O.C. Investment Regulations includes, if section 3(ii), below,
applies, the relevant Agency Functions (defined below).
(iii) If legally required, the Customer shall duly appoint a tax guarantor
as contemplated by the R.O.C. Investment Regulations
("Tax Guarantor") and in such case, shall at all times during
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the term hereof continue to have a Tax Guarantor, which the Customer
acknowledges is not the Bank's Taipei Branch.
2. Trade Settlement
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Notwithstanding anything to the contrary contained in the Master
Agreement, the Customer acknowledges that, under applicable laws and
regulations in the R.O.C., settlement must be completed on a "Trade date
plus one" basis and agrees that shall be the Customers sole responsibility
to assure that Instructions are timely received by the Bank and that the
Bank shall have no responsibility in the event that Instructions are not so
timely received.
3. Agency Functions
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(i) The Customer Acknowledges that the R.O.C. Investment Regulations
require the Customer to appoint an agent or agents to carry out the
agency functions contemplated thereby ("Agency Functions").
(ii) If the Customer elects or is required to appoint the Bank to perform
any of such Agency Functions, the Customer shall execute all such
powers of attorney and other documents as the Bank may reasonably
require to perform such functions and the provisions of the Master
Agreement shall apply thereto .
(iii) If the Customer does not so appoint the Bank, the Bank shall not,
notwithstanding anything to the contrary contained in the Master
Agreement, be required to perform the Agency Functions and the
agent(s) so appointed by the Customer shall be Authorized Persons,
THE GOVETT FUNDS, INC.
By: /s/ Colin Kreidewolf
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Name: Colin Kreidewolf
Title: Treasurer
Address for Notices:
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THE CHASE MANHATTAN BANK ____
By: /s/ ▇▇▇▇▇ ▇▇▇▇
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Name: ▇▇▇▇▇ ▇▇▇▇
Title: Vice President
Address for Notices:
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