AQUILA DISTRIBUTORS, INC.
AGREEMENT FOR GROUP PURCHASES
AT REDUCED PRICES
FROM:
TO: Aquila Distributors, Inc.
000 Xxxxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, N.Y. 10017
(000) 000-0000
Gentlemen:
We desire to enter into an agreement with you for the purchase of
the shares of ____________________________ (name of Trust/Fund).
Upon acceptance of this Agreement by you, we understand that shares
of the Trust/Fund may be purchased by members of _________________
(name of Qualified Group), at a reduced price, subject however to
all of the terms and conditions hereof and to your right, without
notice, to suspend or terminate the sale of the shares.
1. We understand that the shares will be offered at a reduced price
to certain Qualified Groups as set forth in the Trust's/Fund's then
current Prospectus (which term as used herein includes any related
applications submitted on behalf of this Qualified Group are
subject to acceptance or rejection as set forth in the
Trust's/Fund's then current Prospectus.
2. Shares of the Trust/Fund will be offered only in accordance with
the terms and conditions of its then current Prospectus and no
representations will be made which are not included in said
Prospectus or in any authorized supplemental material supplied by
you.
3. We understand and agree that the sales charge relative to any
purchases at reduced prices of shares by _____________________
(Name of Qualified Group) will be ____% and that the dealer
reallowance will be ____%.
4. We represent that __________________ (name of Qualified Group)
is a Qualified Group whose members are eligible to purchase shares
at the reduced price. A Qualified Group is (i) a group,
association, or category of purchasers who are represented by a
fiduciary, professional, or other representative (other than a
registered broker-dealer), (ii) which satisfies uniform criteria
which enable you to realize economies of scale in your costs of
distributing shares, (iii) gives its endorsement or authorization
to an investment program to facilitate solicitation of its
membership by a broker or dealer, and (iv) complies with the
conditions of purchase that are set forth in any agreement entered
into between the Trust/Fund and the group, representative, broker,
or dealer.
5. We understand that at the time of purchase the investor, either
directly or through us, must furnish you, on behalf of the Transfer
Agent for the Trust/Fund, with information sufficient to permit
verification that his/her purchase qualifies for the reduced sales
charge.
6. Your obligations to us under this Agreement are subject to all
the provisions of any agreement entered into between you and the
Trust/Fund. We understand and agree that in performing our services
covered by this Agreement we are acting as principal, and you are
in no way responsible for the manner of our performance or for any
of our acts or omissions in connection therewith. Nothing in this
Agreement shall be construed to constitute us or any of our agents,
employees, or representatives as your agent, partner, or employee,
or the agent or employee of the Trust/Fund.
7. This Agreement is dependent upon the continued effectiveness of
a Sales Agreement by which you have agreed with us for distribution
of shares of the Trust/Fund. This Agreement is subject to all terms
of such Sales Agreement.
8. This Agreement may be terminated by either party on 30 days'
notice. All notices hereunder shall be in writing addressed to the
respective parties at the addresses listed hereon, unless changed
by notice given in accordance with this Agreement.
9. This Agreement shall become effective as of the date when it is
executed and dated by you. This Agreement is not assignable or
transferable.
BROKER OR DEALER FIRM (Name) _______________________
Address ____________________________________________
By (Signature) _____________________________________
Name and Title _____________________________________
Telephone Number ___________________________________
Accepted:
AQUILA DISTRIBUTORS, INC.
By ____________________________
Date __________________________
