NOT FOR USE BETWEEN MEMBERS OF
THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
FOREIGN SALES CONTRACT SALES CONTRACT
Between: G. T. GLOBAL FINANCIAL SERVICES, INC.
General Distributor of the
G.T. Global Group of Funds
00 Xxxxxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
and: ________________________________
________________________________
________________________________
Phone __________________________
Date ___________________________
As a general distributor of the G. T. Global Group of Funds (the
"Funds"), we agree to sell you, subject to the terms and conditions of this
Foreign Sales Contract, to any limitations imposed by any of the Funds and to
confirmation by us in each instance, shares issued by the Funds ("Shares").
The Funds shall also include any registered investment company with which we
have now or hereafter have signed an agreement.
1. YOU WARRANT AND REPRESENT TO US THAT SHARES OF THE FUNDS MAY,
PURSUANT TO ALL APPLICABLE LAWS AND GOVERNMENTAL RULES, REGULATIONS AND
ORDERS, BE OFFERED FOR SALE AND SOLD BY YOU IN THE COUNTRY OR COUNTRIES WHERE
YOU CONDUCT YOUR BUSINESS OPERATIONS, AND THAT YOU MAY LAWFULLY CONDUCT SUCH
BUSINESS OPERATIONS AND HAVE ALL REQUIRED LICENSES AND PERMITS TO DO SO AS
MAY BE REQUIRED BY SUCH LAWS AND GOVERNMENTAL RULES, REGULATIONS AND ORDERS.
YOU AGREE TO INDEMNIFY AND SAVE US AND THE FUNDS HARMLESS FROM ALL
LIABILITIES, LOSSES, DAMAGES, CLAIMS AND EXPENSES, INCLUDING COUNSEL FEES, IN
CONNECTION WITH THE FOREGOING WARRANTIES AND REPRESENTATIONS.
2. We will furnish you, without charge and on request, reasonable
quantities of the Funds' Prospectuses, shareholder reports and sales
material, all in the English language. You are solely responsible for
providing accurate translations of such documents with such additional
information as may be necessary as required by applicable laws and
governmental rule, regulations and order.
Broker/Dealer Sales Contract Sales Contract
Page 2
3. The price of Shares to you will be the net asset value as next
determined after we receive your order, together with our underwriting
commission. Your attention is called specifically to the fact that each
price is always subject to confirmation, and will be the price next computed
after an order and the payment therefore are received.
You will pay for Shares at the next quoted price in United States
dollars in New York Eastern Time Same Day Funds credited to our account at
the Connecticut Bank and Trust Co., N.A. during the hours that the New York
Stock Exchange is open (currently 8:30 a.m. to 4:00 p.m. Eastern Time). We
must receive payment before an order for Shares can be confirmed, and the
applicable price to you will be based upon the net asset value of Shares next
determined after we are advised that Same Day Funds are available to us.
We will also furnish you on request with public offering prices for
Shares (including sales charges) determined in accordance with the current
Prospectus of each Fund. You will advice us of the appropriate sales charge
to be included in the price of Shares shown in our confirmation to you or the
absence of such sales charge if you propose to sell such shares to your
customer at net asset value. Such sales charge must conform to one of the
stated rates in the current Prospectus of the Fund, but need not necessarily
be the same as would be charged to a U.S. investor for an order of like
amount.
4. We reserve the right to cancel this agreement at any time without
notice if any Shares shall be offered for sale by you at less than the then
net asset value determined by or for the respective Funds.
5. Under this agreement you act as principal and are not employed by
us as a broker, agent or employee; you are not authorized to act for us nor
to make any representations on our behalf; and in purchasing or selling
Shares hereunder you rely only upon the current Prospectus and Statement of
Additional Information and upon such written representations as may hereafter
be made by us to you over our signature. You also agree that every effort
shall be made by you to place Shares on an investment basis.
6. You agree that although you are not a member of the National
Association of Securities Dealers, Inc., you will abide by the Rules of Fair
Practice of such Association, including, without limitation, the following
provision:
(a) You shall not withhold placing customers' orders for any
Shares so as to profit yourself as a result of such respective Funds except
for the purpose of covering purchase orders already received, and you shall
not purchase any Shares from us other than for investment except for the
purpose of covering purchase orders already received; and
Broker/Dealer Sales Contract Sales Contract
Page 3
(b) Neither party to this agreement shall, as principal, purchase
any Shares from a record holder at a price lower than the net asset value
next computed by or for the issuer thereof. Nothing in this subparagraph
shall prevent you from selling Shares for the account of a record holder to
us or the issuer thereof at the net asset value then quoted by or for such
issuer and charging the investor a fair commission for handling the
transaction.
You further agree that in selling Shares to a U.S. national, you
will not charge a sales charge in excess of that stated in the Prospectus of
the applicable Fund.
7. Either party hereto may cancel this agreement upon ten days'
written notice.
8. This agreement shall be binding upon receipt by us in San
Francisco, California, of a counterpart hereof duly accepted and signed by
you, and shall be construed in accordance with the laws of California.
Accepted:_________________________ G. T. GLOBAL FINANCIAL
Company Name SERVICES, INC.
By: By: /s/
------------------------------- -------------------------------
Signature Xxxxx X. Xxxxxxx, President
_____________________________
Print Name and Date
