Common use of PROSPECTUS AND PROXY MATERIALS Clause in Contracts

PROSPECTUS AND PROXY MATERIALS. (a) Investors Research shall provide to the shareholder of record copies of the Issuer's proxy materials, periodic reports to shareholders and other materials that are required by law to be sent to the Issuer's shareholders. In addition, Investors Research shall provide the Company copies of the Fund's prospectuses and periodic reports to shareholders in sufficient quantity to distribute to each Contract owner, together with such additional copies of the Fund's prospectuses as may be reasonably requested by Company. If the Company provides for pass-through voting by the Contract owners, Investors Research will provide the Company with a sufficient quantity of proxy materials for each Contract owner. (b) The cost of preparing, typesetting, printing and shipping to the Company the Fund's separate prospectuses, proxy materials, periodic reports to shareholders and other materials shall be paid by Investors Research or its agents or affiliates. (c) The cost of mailing prospectuses, proxy materials, periodic fund reports and other materials of the Issuer to the Contract owners and prospective Contract owners shall be paid by the Company and shall not be the responsibility of Investors Research or the Issuer.