EXHIBIT (k)(4)
ASSIGNMENT AND ASSUMPTION
Assignment and Assumption dated as of January 1, 2002, between
EquitiLink USA, Inc., a Delaware Corporation authorized to transact business
under the name Aberdeen Asset Management (the "Assignor") and Aberdeen Fund
Managers Inc., a Delaware Corporation authorized to transact business under the
name Aberdeen Asset Management, Inc. (the "Assignee").
Whereas, the Assignor entered into an Investor Relations Services
Agreement dated as of March 1, 2000 (the "Agreement") between the Assignor and
The First Commonwealth Fund, Inc., a closed-end management investment company
now known as Aberdeen Commonwealth Income Fund, Inc. (the "Fund"), and
Whereas, the Assignor desires to assign its rights under the Agreement
to the Assignee, in consideration of the assumption by the Assignee of all
obligations and liabilities of the Assignor under the Agreement, and
Whereas, the Assignor is a wholly-owned subsidiary of Aberdeen Asset
Managers (C.I.) Limited ("AAMCIL"), the Fund's Investment Manager, and the
Assignee is an affiliate of AAMCIL, and
Whereas, the Board of Directors of the Fund, at a Board meeting held on
March 14, 2002, approved the assignment by the Assignor of its rights under the
Agreement to the Assignee.
Now, therefore, the Assignor hereby assigns to the Assignee the entire
right, title and interest of the Assignor under the Agreement, and the Assignee
hereby undertakes, assumes and agrees to perform and discharge all obligations
and liabilities of the Assignor under the Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Assignment and
Assumption to be duly executed by their authorized officers as of the date first
set forth above.
EquitiLink USA, Inc.
By /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
-----------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Secretary
Aberdeen Fund Managers, Inc.
By /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Director, Chief Executive Officer
The undersigned hereby consents to this Assignment and Assumption.
Aberdeen Commonwealth Income Fund, Inc.
By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
-----------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Assistant Treasurer