Common use of AGREEMENTS OF BROKER/DEALER Clause in Contracts

AGREEMENTS OF BROKER/DEALER. 1. It is understood and agreed that Broker/Dealer is a registered Broker/Dealer under the 1934 Act and a member of the National Association of Securities Dealers, Inc. and that the agents or representatives of Broker/Dealer who will be soliciting applications for Annuity Contracts also will be duly registered representatives of Broker/Dealer. 2. Commencing at such times as Distributor and Broker/Dealer shall agree upon, Broker/Dealer agrees to use its best efforts to find purchasers for the Annuity Contracts acceptable to Golden American. In meeting its obligation to use its best efforts to solicit applications for the Annuity Contracts, Broker/Dealer shall, during the terms of this Agreement, engage in the following activities: a. Continuously utilize only such training, sales and other materials as have been approved by Golden American; b. Establish and implement reasonable procedures for periodic inspections and supervision of sales practices of its agents or representatives and submit periodic reports to Distributor as may be requested on the results of such inspections and the compliance with such procedures.

AGREEMENTS OF BROKER/DEALER. 1. It is understood and agreed that Broker/Dealer is a registered Broker/Dealer under the 1934 Act and a member of the National Association of Securities Dealers, Inc. and that the agents or representatives of Broker/Dealer who will be soliciting applications for Annuity Contracts also will be duly registered representatives of Broker/Dealer. 2. Commencing at such times as Distributor and Broker/Dealer shall agree upon, Broker/Dealer agrees to use its best efforts to find purchasers for the Annuity Contracts acceptable to Golden American. In meeting its obligation to use its best efforts to solicit applications for the Annuity Contracts, Broker/Dealer shall, during the terms of this Agreement, engage in the following activities: a. Continuously utilize only such training, sales and other materials as have been approved by Golden American; ; b. Establish and implement reasonable procedures for periodic inspections and supervision of sales practices of its agents or representatives and submit periodic reports to Distributor as may be requested on the results of such inspections and the compliance with such procedures.