SELLING AGREEMENT
East End Mutual Funds, Inc. located at 736 West End Avenue,
Suite 3A, New York, New York 10025, is a open end investment
management company registered under the Investment Company Act
of 1940, hereinafter referred to as the "Fund"
and
a registered dealer referred to as the "Dealer", for good and
valuable consideration do hereby agree that the "Dealer" will
act as a distributor of the "Funds" shares and to promote the
sale of the same under the following terms and conditions,
that:
The "Dealer" will solicit new orders of the "Funds" shares at
the prevailing net asset value as determined by the "Fund"
daily.
The "Fund" agrees to pay the "Dealer" for the services above, a
continuing 12-(b)1 fee of 50 basis points (one half of one
percent) annually, for the period - prorata in arrears, the
"Dealers" customer is invested in the "Fund", at the rate of 12-
1/2 basis points (one eighth of one percent) within 20 days of
the quarter's end in March, June, September and December. The
fee shall be based on the value of the customers shares at the
end of each month.
The shares of stock purchased will be issued by the "Fund" only
against receipt of the purchase price, collected New York
Clearing House funds. If payment of the shares is not received
within 7 days after the date of confirmation, the sale may be
cancelled immediately by the "Fund" or its agents, without any
responsibility or liability on the part of the "Fund" or its
agents as a result of the "Dealers" delay or failure to make
payment as agreed.
Initial investments shall be at least $1,000 and $250 for
subsequent investments, there shall be no other minimums.
In the purchase of shares of stock thru the "Fund", you must
rely only on the information contained in the offering
Prospectus. The "Dealer" may only publish advertisements and
distribute sales literature or other written material to the
public that is furnished by the "Fund" or has its prior written
approval.
This Agreement is in all respects subject to statements
regarding the sale and repurchase or redemption of shares of
stock made in the offering Prospectus and to the Rules of Fair
Practice of the National Association of Securities Dealers, Inc.
which shall control and override any provision to the contrary
in this Agreement.
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The terms and conditions of this "Agreement" are governed by
the rules and regulations of the appropriate federal and state
governing bodies the National Association of Securities Dealers,
Inc. and any other agencies having jurisdiction thereof.
The "Dealer" warrants that he and his sales representatives are
registered with the appropriate governing bodies and agencies
regulating distribution of shares of mutual funds, and the
National Association of Securities Dealers, Inc. and will
promptly notify the "Fund" if it ceases to be registered.
This agreement is not intended to constitute a partnership,
joint venture or affiliation between the "Fund" and the
"Dealer".
The "Fund" appoints the "Dealer" as one of its agents whose
authority and liability is limited to distribution of the
"Funds" shares - which shall be non-exclusive.
In the event of a dispute the parties will submit to binding
arbitration under Rule 3710 of the National Association of
Securities Dealers, the cost of arbitration shared equally
between the parties.
This appointment may be cancelled at will by either party on 90
days written notice for any reason whatsoever without penalty.
If any part or parts of this agreement become null and void by
any act of law, rule or regulation the remaining part of this
agreement shall remain in full force and effect as is practical.
Any notices shall be given by mail at the address above.
Accepted: this
day of , 199
_______________________ ______________________
By: Aristides Matsis, Pres. By:
East End Mutual Funds, Inc.
