INST DEFINING RIGHTS 5 NCEN_6770038341947062.txt EX-99.G.1.b.ii MFS CALIFORNIA MUNICIPAL FUND FIRST AMENDMENT TO STATEMENT ESTABLISHING AND FIXING THE RIGHTS AND PREFERENCES OF VARIABLE RATE MUNICIPAL TERM PREFERRED SHARES WHEREAS, MFS California Municipal Fund (the "Trust") established a Series of Variable Rate Municipal Term Preferred Shares designated as the "Variable Rate Municipal Term Preferred Shares, Series 2019/3" (the "Series 2019/3 VMTP Shares") pursuant to the Statement Establishing and Fixing the Rights and Preferences of Variable Rate Municipal Term Preferred Shares, initially dated as of September 17, 2012 and amended and restated as of March 24, 2016 (the "VMTP Statement"), together with that certain Appendix B thereto dated March 24, 2016 (the "Appendix"); WHEREAS, the Series 2019/3 VMTP Shares have a Term Redemption Date of April 1, 2019; and WHEREAS, the Board of Trustees of the Trust has approved, and the sole Designated Owner of the Series 2019/3 VMTP Shares has consented to, the amendment of the Appendix to extend the term of the Series 2019/3 VMTP Shares and the amendment of the VMTP Statement, each as provided herein. Capitalized terms used but not defined herein have the respective meanings therefor set forth in the VMTP Statement. Section 1. Amendments. Section 2.11(b) of the VMTP Statement is hereby amended by deleting such section in its entirety and replacing it with the following new Section 2.11(b): (b) The Market Value of the Deposit Securities held in the Term Redemption Liquidity Account for a Series of VMTP Shares, from and after the day (or, if such day is not a Business Day, the next succeeding Business Day) that is the number of calendar days preceding the Term Redemption Date for such Series, in each case as specified in the table set forth below, shall not be less than the percentage of the Term Redemption Amount for such Series set forth below opposite such number of days (the "Liquidity Requirement"), but in all cases subject to the provisions of Section 2.11(c) below: Number of Calendar Days Preceding the Term Redemption Date Market Value of Deposit Securities as a Percentage of Term Redemption Amount 45 33% 30 66% 15 100% Section 5 of the Appendix is hereby amended by deleting such section in its entirety and replacing it with the following new Section 5: "Section 5. Term Redemption Date Applicable to Series. The Term Redemption Date is October 31, 2021, subject to extension pursuant to Section 2.5(a) of the VMTP Statement." Section 7 of the Appendix is hereby amended by deleting such section in its entirety and replacing it with the following new Section 7: "Section 7. Liquidity Account Initial Date Applicable to Series. The Liquidity Account Initial Date is August 31, 2021 or, if applicable, the date that is two months prior to the Term Redemption Date as extended pursuant to Section 2.5(a) of the VMTP Statement or, if such date is not a Business Day, the Business Day immediately preceding such date." Section 2. Additional Provisions. Except as specifically set forth in Section 1 hereof, the Appendix and the VMTP Statement remain unmodified and continue in full force and effect. This Amendment shall be effective as of October 9, 2018. IN WITNESS WHEREOF, MFS California Municipal Fund has caused this Amendment to be signed on October 9, 2018 in its name and on its behalf by a duly authorized officer. The Declaration of Trust of the Trust is on file with the Secretary of the Commonwealth of Massachusetts, and the said officer of the Trust has executed this Amendment as an officer and not individually, and the obligations and rights set forth in this Amendment are not binding upon any such officer, or the trustees of the Trust or any shareholder of the Trust, individually, but are binding only upon the assets and property of the Trust. MFS CALIFORNIA MUNICIPAL FUND By: /s/James Yost Name: James Yost Title: Treasurer