Exhibit 99(e)(2)
THE MUNDER FUNDS, INC.
THE MUNDER FRAMLINGTON FUNDS TRUST
MUNDER SERIES TRUST
AMENDMENT #1 TO COMBINED DISTRIBUTION AGREEMENT
August 12, 2003
WHEREAS, each of The Munder Funds, Inc. ("MFI"), The Munder Framlington
Funds Trust ("MFFT") and Munder Series Trust ("MST") (collectively, "Fund
Groups") engages in business as an open-end investment company and is registered
with the Securities and Exchange Commission ("SEC") as such under the Investment
Company Act of 1940, as amended ("1940 Act");
WHEREAS, on August 12, 2003, the Boards of MST, MFI and MFFT approved the
creation of Class R shares as a new class of shares for certain Funds.
NOW, THEREFORE, the Combined Distribution Agreement is hereby amended as
follows:
1. Section 4 is hereby replaced in its entirety with the following:
Sales Commission and Other Compensation. You shall be entitled to collect a
sales commission on the sale of Shares in the amount, if any, set forth in the
Prospectus, which amount shall be mutually agreed upon by us. For Shares which
are subject to a front-end sales charge, you shall be entitled to collect, as
all or part of your commission, the difference, if any, between the net asset
value and the public offering price of the Shares (subject to any quantity or
other discounts or waivers of commission as set forth in the Prospectus). You
may reallow to sub-agents or dealers all or part of such commission, including
payments exceeding your total sales commission, as you shall deem advisable so
long as any such payments are set forth in the Prospectus to the extent required
by all applicable securities laws. For Shares that are subject to a CDSC, upon
redemption of such Shares, you shall be entitled to collect the CDSC in the
amount and on the terms set forth in the Prospectus. You shall also be entitled
to collect any amounts authorized for payment to you or any service organization
pursuant to the Combined Distribution Plan. With respect to those Funds and the
classes of Shares listed on Appendix B, the amount of the distribution-related
fees payable under the Combined Distribution Plan is hereby voluntarily limited
as specified in Appendix B, for an initial one-year period from the date of the
creation of the Fund and share class identified on such Appendix. The voluntary
limitation may be continued from year to year thereafter, subject to approval by
the Board of the applicable Fund Group. If Shares sold by you or your appointed
sub-agents or dealers are redeemed or repurchased by the Fund (or by you as
agent) within seven (7) business days after the confirmation of the original
Share purchase, you shall forfeit any amount above the net asset value collected
by you or your appointed sub-agent or dealer with respect to such Shares.
2. Appendix B is hereby replaced in its entirety with the attached
Appendix B.
If the foregoing meets with your approval, please acknowledge your
acceptance by signing below, whereupon this shall constitute a binding agreement
as of August 12, 2003.
The Munder Funds, Inc.
The Munder Framlington Funds Trust
Munder Series Trust
on behalf of the Funds set forth in Appendix A to the
Combined Distribution Agreement (as may be amended from
time to time)
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
Title: Vice President and Secretary
Accepted:
Funds Distributor, Inc.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Title: President
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August 12, ▇▇▇▇
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The distribution-related and service-related fees payable under the Combined
Distribution Plan are limited to the following amounts:
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Fund Class Y-2 Shares Class Y-3 Shares
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Distribution Service Distribution Service
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Munder Institutional Money Market Fund 0.195% 0.25% 0.445% 0.25%
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Munder Institutional Government Money Market Fund 0.195% 0.25% 0.445% 0.25%
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Class R Shares
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Distribution Service
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Munder Balanced Fund 0.25% 0.25%
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Munder Bond Fund 0.25% 0.25%
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Munder Cash Investment Fund 0.25% 0.25%
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Munder Emerging Markets Fund 0.25% 0.25%
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Munder Future Technology Fund 0.25% 0.25%
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Munder Healthcare Fund 0.25% 0.25%
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Munder Index 500 Fund 0.25% 0.25%
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Munder Intermediate Bond Fund 0.25% 0.25%
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Munder International Bond Fund 0.25% 0.25%
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Munder International Equity Fund 0.25% 0.25%
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Munder International Growth Fund 0.25% 0.25%
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Munder Large-Cap Value Fund 0.25% 0.25%
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Munder Michigan Tax-Free Bond Fund 0.25% 0.25%
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Munder Micro-Cap Equity Fund 0.25% 0.25%
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Munder MidCap Select Fund 0.25% 0.25%
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Munder Multi-Season Growth Fund 0.25% 0.25%
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Munder NetNet Fund 0.25% 0.25%
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Munder Power Plus Fund 0.25% 0.25%
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Munder Real Estate Equity Investment Fund 0.25% 0.25%
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Munder Small-Cap Value Fund 0.25% 0.25%
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Munder Small Company Growth Fund 0.25% 0.25%
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Munder Tax-Free Bond Fund 0.25% 0.25%
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Munder Tax-Free Money Market Fund 0.25% 0.25%
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Munder Tax-Free Short & Intermediate Bond Fund 0.25% 0.25%
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Munder U.S. Government Income Fund 0.25% 0.25%
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