BROKER/DEALER 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 any limitations imposed by any of
the Funds and subject 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 now have or hereafter have signed an
agreement.
1. You will receive a discount from the public offering price on all
Shares purchased by you from us and may receive other compensation,
determined as outlined in the then current Prospectuses of the respective
Funds. The range of current dealer discounts and other compensation may be
obtained at any time upon request.
2. 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
current public offering price determined by or for the respective Funds.
3. We will furnish you, without charge and on request, reasonable
quantities of the Funds' Prospectuses, shareholder reports and sales material.
4. We will furnish you on request with public offering prices for the
Shares in accordance with the then current Prospectuses of the respective
Funds, and you agree to quote such prices subject to confirmation by us on
any Shares offered to you for sale. Your attention is called specifically to
the fact that each price is always subject to confirmation, and will be the
price next computed after receipt of an order.
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 representation 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.
Xxxxxx/Dealer Sales Contract Sales Contract
Page 2
6. Each party hereto represents that it is a member of the National
Association of Securities Dealers, Inc., and agrees to abide by all of its
Rules of Fair Practice, including, without limitation, the following
provisions:
(a) You shall not withhold placing customers' orders for any Shares so
as to profit yourself as a result of such withholding. We shall not purchase
any Shares from the 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.
(b) If any Shares purchased by you are repurchased by the Fund which
issued the same or by us for the account of such Fund, or are tendered for
redemption, within seven business days after confirmation by us of the
original purchase order for such Shares (1) you agree to forthwith refund to
us the full concession allowed to you on the original sale, such refund to be
paid by us to the Fund whose Shares have been so repurchased upon receipt and
(2) we shall forthwith pay to such Fund that part of the discount retained by
us on the original sale. Notice will be given to you of any such repurchase
or redemption within ten days of the date on which the certificate is
delivered to us or to such Fund.
(c) 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
to the Fund which issued such Shares at the net asset value then quoted by or
for such Fund and charging the investor a fair commission for handling the
transaction.
7. Either party hereto may cancel this agreement upon ten days'
notice. Furthermore, as a general distributor we reserve the priviledge of
revising the discount or other compensation referred to herein upon ten days'
written notice, which will be deemed given by supplementing or amending the
Prospectus or Statement of Additional Information of a Fund.
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/ Xxxxx X. Xxxxxxx
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Signature Xxxxx X. Xxxxxxx, President
_____________________________
Print Name and Date
