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:
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Phone
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Date
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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.
Broker/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
--------------------- SERVICES, INC.
Company Name
By: By: /s/ Xxxxx X. Xxxxxxx
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Signature Xxxxx X. Xxxxxxx, President
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Print Name and Date
