EXHIBIT 10.3
Amendment Number 6
to the
Managed Operations Services Agreement
This Amendment Number 6 to the Managed Operations Services Agreement (this “Amendment”), is made by and between
Franklin Templeton Companies, LLC, a Delaware Limited Liability Company, having a place of business at One Franklin
Parkway, San Mateo, CA, 94403 (“Franklin”) and International Business Machines Corporation, having place of business at
Route 100, Somers, NY, 10589 (“IBM”) (collectively referred to herein as the “Parties”). This Amendment is entered into on this
6 th day of March, 2006. This Amendment amends the Managed Operations Services Agreement, dated February 6, 2001,
between Franklin and IBM as modified or amended prior to the date hereof including any schedules, supplements, exhibits and
attachments thereto (the “Agreement”). Capitalized terms used but not defined herein shall have their respective meanings as
defined in the Agreement. In the event of any inconsistency between the terms of the Agreement and the terms of this
Amendment, the terms of this Amendment shall prevail. All terms and conditions of the Agreement not specifically amended or
supplemented herein, shall remain unchanged and in full force and effect.
Unless otherwise stated herein, this Amendment shall be effective July 1, 2003 (the “Amendment 6 Effective Date”) and shall
run concurrently with the Term of the Agreement.
The affected and changed sections and Schedules of the Agreement are as indicated below.
A.) The table in Section 27.k is hereby deleted in its entirety and replaced with the following:
A.) Revision 1 to Schedule A (Services) is hereby amended as follows:
I.
The Agreement:
To IBM:
International Business Machines Corporation
425 Market Street, 20th Floor
San Francisco, CA 94105
Attention: IBM Project Executive (Shirley Reilich)
To Franklin:
Franklin Templeton Companies, LLC
One Franklin Parkway
San Mateo, CA, 94403
Attention: Jennifer J. Bolt, Executive Vice P