Common use of Acceptance; Cumulative Effect Clause in Contracts

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN/TEMPLETON DISTRIBUTORS, INC. By: /s/ Greg Johnson ----------------------- Greg Johnson, President 777 Mariners Island Blvd. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 Fountain Parkway Xx. Xxxxxxxxxx, Xxxxxxx 00000 813/299-8712 -------------------------------------------------------------------------------- To the Bank or Trust Company: If you have not previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: ____________________________________ (Bank's name) By: ____________________________________ (Signature) Name: _________________________________ Title: _________________________________ Franklin Templeton Distributors, Inc. 777 Mariners Island Boulevard Xxx Xxxxx, XX 00000-0000 Xxx 00, 0000 Xx: Xxxxxxxxx of Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Paragraph 7(h) Dear Bank or Trust Company: This letter constitutes notice of amendment of the current Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Templeton Distributors, Inc. ("FTXX") xxx the bank or trust company ("the Bank") pursuant to Paragraph 7(h) of the Agreement. The Agreement is hereby amended as follows:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN/TEMPLETON TXXXXXXXX DISTRIBUTORS, INC. By: /s/ Greg Johnson Gxxx Xxxxxxx ----------------------- Greg JohnsonGxxx Xxxxxxx, President 777 Mariners Island Blvd700 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 Fountain Parkway Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000 813/299-8712 -------------------------------------------------------------------------------- To the Bank or Trust Company: If you have not previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: ____________________________________ (Bank's name) By: ____________________________________ (Signature) Name: _________________________________ Title: _________________________________ Franklin Templeton Txxxxxxxx Distributors, Inc. 777 Mariners Island Boulevard 700 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 Xxx 00May 15, 0000 Xx1998 Re: Xxxxxxxxx Amendment of Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Paragraph 7(h) Dear Bank or Trust Company: This letter constitutes notice of amendment of the current Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Templeton Txxxxxxxx Distributors, Inc. ("FTXXFTDI") xxx and the bank or trust company ("the Bank") pursuant to Paragraph 7(h) of the Agreement. The Agreement is hereby amended as follows:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN/TEMPLETON XXXXXXXXX DISTRIBUTORS, INC. By: /s/ Greg Johnson Xxxx Xxxxxxx ----------------------- Greg JohnsonXxxx Xxxxxxx, President 777 Mariners Island Blvd000 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 Fountain Parkway 000 Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000 813/299-8712 -------------------------------------------------------------------------------- To the Bank or Trust Company: If you have not previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: ____________________________________ ------------------------------------ (Bank's name) By: ____________________________________ (Signature) Name: _________________________________ Title: _________________________________ Franklin Templeton Xxxxxxxxx Distributors, Inc. 777 Mariners Island Boulevard 000 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 Xxx 00May 15, 0000 Xx1998 Re: Xxxxxxxxx Amendment of Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Paragraph 7(h) Dear Bank or Trust Company: This letter constitutes notice of amendment of the current Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Templeton Xxxxxxxxx Distributors, Inc. ("FTXXFTDI") xxx and the bank or trust company ("the Bank") pursuant to Paragraph 7(h) of the Agreement. The Agreement is hereby amended as follows:

Acceptance; Cumulative Effect. This Agreement is cumulative and supersedes any agreement previously in effect. It shall be binding upon the parties hereto when signed by FTDI and accepted by Bank. If Bank has a current agreement with FTDI, Bank's first trade or acceptance of payments from FTDI after receipt of this Agreement, as it may be amended pursuant to paragraph 7(h), above, shall constitute Bank's acceptance of the terms of this Agreement. Otherwise, Bank's signature below shall constitute Bank's acceptance of these terms. FRANKLIN/TEMPLETON DISTRIBUTORS, INC. By: /s/ Greg Johnson ----------------------- By _______________________________________ Greg Johnson, President 777 Mariners Island Blvd. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 650/312-2000 100 Fountain Parkway Xx. Xxxxxxxxxx, Xxxxxxx 00000 813/299-8712 -------------------------------------------------------------------------------- To the Bank or Trust Company: If you have not previously signed an agreement with FTDI for the sale of mutual fund shares to your customers, please complete and sign this section and return the original to us. BANK OR TRUST COMPANY: _____________________________________________ (Bank's name) By: ___________________________________________ (Signature) Name: _________________________________ Title: _________________________________ Franklin Templeton DistributorsMay 15, Inc. 777 Mariners Island Boulevard Xxx Xxxxx, XX 00000-0000 Xxx 00, 0000 Xx1998 Re: Xxxxxxxxx Amendment of Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Paragraph 7(h) Dear Bank or Trust Company: This letter constitutes notice of amendment of the current Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Templeton Distributors, Inc. ("FTXX") xxx the bank or trust company ("the Bank") pursuant to Paragraph 7(h) of the Agreement. The Agreement is hereby amended as follows: