Common use of Acceptance; Cumulative Effect Clause in Contracts

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any similar agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current selling agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN TXXXXXXXX DISTRIBUTORS, INC. By ----------------------------------- Pxxxx X. Xxxxx, President Oxx Xxxxxxxx Xxxxxxx Xxx Xxxxx, XX 00000-0000 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-0000 727/299-8712 To the Bank or Trust Company: If you have NOT previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: (Bank's name) By ------------------------------------ (Signature) Name: Title: Date:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any similar agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current selling agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN TXXXXXXXX XXXXXXXXX DISTRIBUTORS, INC. By ----------------------------------- Pxxxx Xxxxx X. Xxxxx, President Oxx Xxx Xxxxxxxx Xxxxxxx Xxx Xxxxx, XX 00000-0000 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 000 Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-0000 727/299-8712 To the Bank or Trust Company: If you have NOT previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: (Bank's name) By ------------------------------------ (Signature) Name: Title: Date:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any similar agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current selling agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN TXXXXXXXX XXXXXXXXX DISTRIBUTORS, INC. By ----------------------------------- Pxxxx ------------------------- Xxxxx X. Xxxxx, President Oxx Xxx Xxxxxxxx Xxxxxxx Xxx Xxxxx, XX 00000-0000 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 000 Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-0000 727/299-8712 To the Bank or Trust Company: If you have NOT previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: (Bank's name) By ------------------------------------ (Signature) Name: Title: Date:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any similar agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current selling agreement with FTDI, Bank's ’s first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's ’s acceptance of the terms of this Agreement. Otherwise, Bank's ’s signature below shall constitute Bank's ’s acceptance of these terms. FRANKLIN TXXXXXXXX XXXXXXXXX DISTRIBUTORS, INC. By ----------------------------------- Pxxxx Xxxxx X. Xxxxx, President Oxx Xxx Xxxxxxxx Xxxxxxx Xxx Xxxxx, XX 00000-0000 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 000 Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-0000 727/299-8712 To the Bank or Trust Company: If you have NOT previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: (Bank's ’s name) By ------------------------------------ (Signature) Name: Title: Date:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any similar agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current selling agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN TXXXXXXXX TEMPLETON DISTRIBUTORS, INC. By ----------------------------------- Pxxxx X. XxxxxPeter D. Jones, President Oxx Xxxxxxxx Xxxxxxx One Franklin Parkway Xxx Xxxxx, XX 00000-0000 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 Xxxxxxxx Xxxxxxx Fountain Parkway Xx. Xxxxxxxxxx, Xxxxxxx 00000-0000 727/299000/000-8712 To the Bank or 0000 Xx xxx Xxxx xx Trust Company: If you have NOT previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: (Bank's name) By ------------------------------------ (Signature) Name: Title: Date:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any similar agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current selling agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN TXXXXXXXX TEMPLETON DISTRIBUTORS, INC. By ----------------------------------- Pxxxx X. XxxxxPeter D. Jones, President Oxx Xxxxxxxx Xxxxxxx One Franklin Parkway Xxx Xxxxx, XX 00000-0000 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 Xxxxxxxx Xxxxxxx Fountain Parkway Xx. Xxxxxxxxxx, Xxxxxxx 00000-0000 727/299000/000-8712 To the Bank or 0000 Xx xxx Xxxx xx Trust Company: If you have NOT previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: (Bank's name) By ------------------------------------ (Signature) Name: Title: Date:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any similar agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current selling agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN TXXXXXXXX DISTRIBUTORS, INC. By ----------------------------------- Pxxxx X. Xxxxx, President Oxx Xxxxxxxx Xxxxxxx Xxx Xxxxx, XX 00000-0000 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-0000 727/299-8712 To the Bank or Trust Company: If you have NOT previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: (Bank's name) By ------------------------------------ (Signature) Name: Title: Date:: BANK SELLING AGREEMENT NOVEMBER 1, 2003