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 us and accepted by you. If you have a current dealer agreement with us, your first trade or acceptance of payments from us after your receipt of this Agreement, as it may be amended pursuant to Section 16, above, shall constitute your acceptance of its terms. Otherwise, your signature below shall constitute your acceptance of its terms. FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC. By /s/ Xxxx Xxxxxxx ------------------------ Xxxx Xxxxxxx, President 000 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 415/312-2000 000 Xxxxxxx Xxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-3628 813/823-8712 -------------------------------------------------------------------------------- Dealer: If you have NOT previously signed a Dealer Agreement with us, please complete and sign this section and return the original to us. __________________________________ DEALER NAME: By _______________________________ (Signature) Name:_____________________________ Title: ___________________________ Address: ______________________________ _______________________________________ _______________________________________ Telephone: _______________________ NASD CRD # _______________________ -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxxxx Dealer # ______________________ (Internal Use Only) -------------------------------------------------------------------------------- Version 12/31/97 232567.4 Franklin Xxxxxxxxx Distributors, Inc. 000 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 May 15, 1998 Re: Amendment of Dealer Agreement - Notice Pursuant to Section 16 Dear Securities Dealer: This letter constitutes notice of amendment of the current Dealer Agreement (the "Agreement") between Franklin/Xxxxxxxxx Distributors, Inc. ("we" or "us") and you pursuant to Section 16 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 us FTDI and accepted by youBank. If you have Bank has a current dealer agreement with usFTDI, your Bank's first trade or acceptance of payments from us FTDI after your receipt of this Agreement, as it may be amended pursuant to Section 16paragraph 7(h), above, shall constitute your Bank's acceptance of its termsthe terms of this Agreement. Otherwise, your Bank's signature below shall constitute your Bank's acceptance of its these terms. FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC. By By: /s/ Xxxx Xxxxxxx ------------------------ ----------------------- Xxxx Xxxxxxx, President 000 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 415/312650/312-2000 000 Xxxxxxxx Xxxxxxx Xxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-3628 813/82300000 813/299-8712 -------------------------------------------------------------------------------- DealerTo the Bank or Trust Company: If you have NOT not previously signed a Dealer Agreement an agreement with usFTDI 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: ____________________________________ DEALER NAME(Bank's name) By: By ____________________________________ (Signature) Name:: _________________________________ Title: ___________________________ Address: ______________________________ _______________________________________ _______________________________________ Telephone: _______________________ NASD CRD # _______________________ -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxxxx Dealer # ______________________ (Internal Use Only) -------------------------------------------------------------------------------- Version 12/31/97 232567.4 Franklin Xxxxxxxxx Distributors, Inc. 000 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 May 15, 1998 Re: Amendment of Dealer Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers - Notice Pursuant to Section 16 Paragraph 7(h) Dear Securities DealerBank or Trust Company: This letter constitutes notice of amendment of the current Dealer Mutual Fund Purchase and Sales Agreement for Accounts of Bank and Trust Company Customers (the "Agreement") between Franklin/Xxxxxxxxx Distributors, Inc. ("we" or "usFTDI") and you the bank or trust company ("the Bank") pursuant to Section 16 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 us and accepted by you. If you have a current dealer agreement with us, your first trade or acceptance of payments from us after your receipt of this Agreement, as it may be amended pursuant to Section 16, above, shall constitute your acceptance of its terms. Otherwise, your signature below shall constitute your acceptance of its terms. FRANKLIN/XXXXXXXXX TEMPLETON DISTRIBUTORS, INC. By /s/ Xxxx Xxxxxxx /x/ Xxxg Johnson ------------------------ Xxxx XxxxxxxGreg Johnson, President 000 Xxxxxxxx 777 Marxxxxx Xxxxxx XxxxBlvd. San MateoMatxx, CA 94404 AttentionXX 00000 Xxxxxxxxx: Chief Xhief Legal Officer (for legal notices only) 415/312-2000 000 Xxxxxxx Xxxxxx Xx. Xxxxxxxxxx700 Central Avenue St. Petersburg, Xxxxxxx 00000-3628 813/8230000 000/000-8712 0000 -------------------------------------------------------------------------------- Dealer: If you have NOT previously signed a Dealer Agreement with us, please complete and sign this section and return the original to us. __________________________________ DEALER NAME: By _______________________________ (Signature) Name:_____________________________ Title: ___________________________ Address: ______________________________ _______________________________________ _______________________________________ Telephone: _______________________ NASD CRD # _______________________ -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxxxx Franklin Templeton Dealer # ______________________ (Internal Use Only) -------------------------------------------------------------------------------- Version 12/31/97 232567.4 Franklin Xxxxxxxxx Templeton Distributors, Inc. 000 Xxxxxxxx Xxxxxx Xxxxxxxxx 777 Mariners Island Boulevard Xxx Xxxxx, XX 00000-0000 May 15Xxx 00, 1998 Re0000 Xx: Amendment Xxxxxxxxx of Dealer Agreement - Notice Pursuant to Section 16 Dear Securities Dealer: This letter constitutes notice of amendment of the current Dealer Agreement (the "Agreement") between Franklin/Xxxxxxxxx Templeton Distributors, Inc. ("wexx" or xx "usxs") and you pursuant to Section 16 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 us and accepted by you. If you have a current dealer agreement with us, your first trade or acceptance of payments from us after your receipt of this Agreement, as it may be amended pursuant to Section 16, above, shall constitute your acceptance of its terms. Otherwise, your signature below shall constitute your acceptance of its terms. FRANKLIN/XXXXXXXXX TXXXXXXXX DISTRIBUTORS, INC. By /s/ Xxxx Gxxx Xxxxxxx ------------------------ Xxxx Gxxx Xxxxxxx, President 000 700 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 415/312-2000 000 700 Xxxxxxx Xxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-3628 813/823-8712 -------------------------------------------------------------------------------- Dealer: If you have NOT previously signed a Dealer Agreement with us, please complete and sign this section and return the original to us. __________________________________ DEALER NAME: By _______________________________ (Signature) Name:_____________________________ Title: ___________________________ Address: ______________________________ _______________________________________ _______________________________________ Telephone: _______________________ NASD CRD # _______________________ -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxxxx Fxxxxxxx Txxxxxxxx Dealer # ______________________ (Internal Use Only) -------------------------------------------------------------------------------- Version 12/31/97 232567.4 Franklin Xxxxxxxxx Txxxxxxxx Distributors, Inc. 000 700 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 May 15, 1998 Re: Amendment of Dealer Agreement - Notice Pursuant to Section 16 Dear Securities Dealer: This letter constitutes notice of amendment of the current Dealer Agreement (the "Agreement") between Franklin/Xxxxxxxxx Txxxxxxxx Distributors, Inc. ("we" or "us") and you pursuant to Section 16 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 us and accepted by you. If you have a current dealer agreement with us, your first trade or acceptance of payments from us after your receipt of this Agreement, as it may be amended pursuant to Section 16, above, shall constitute your acceptance of its terms. Otherwise, your signature below shall constitute your acceptance of its terms. FRANKLIN/XXXXXXXXX DISTRIBUTORS, INC. By /s/ Xxxx Xxxxxxx ------------------------ Xxxx Xxxxxxx, President 000 Xxxxxxxx Xxxxxx Xxxx. San Mateo, CA 94404 Attention: Chief Legal Officer (for legal notices only) 415/312-2000 000 Xxxxxxx Xxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-3628 813/823-8712 -------------------------------------------------------------------------------- Dealer: If you have NOT previously signed a Dealer Agreement with us, please complete and sign this section and return the original to us. __________________________________ ---------------------------------- DEALER NAME: By _______________________________ (Signature) Name:_____________________________ Title: ___________________________ Address: ______________________________ _______________________________________ _______________________________________ ======================================= Telephone: _______________________ NASD CRD # _______________________ -------------------------------------------------------------------------------- Xxxxxxxx Xxxxxxxxx Dealer # ______________________ (Internal Use Only) -------------------------------------------------------------------------------- Version 12/31/97 232567.4 Franklin Xxxxxxxxx Distributors, Inc. 000 Xxxxxxxx Xxxxxx Xxxxxxxxx Xxx Xxxxx, XX 00000-0000 May 15, 1998 Re: Amendment of Dealer Agreement - Notice Pursuant to Section 16 Dear Securities Dealer: This letter constitutes notice of amendment of the current Dealer Agreement (the "Agreement") between Franklin/Xxxxxxxxx Distributors, Inc. ("we" or "us") and you pursuant to Section 16 of the Agreement. The Agreement is hereby amended as follows: