Common use of Rights of Accumulation Clause in Contracts

Rights of Accumulation. The face amounts of two or more Plans purchased at one time by "any person," as defined in the Prospectus under "Rights of Accumulation," along with the then current net asset value of AIM open-end mutual fund accounts (including current and completed AIM Summit Investors Plans I accounts) owned by the person as provided to Custodian by Sponsor or its designee, may be combined to take advantage of the lower Creation and Sales Charges available on large purchases. To qualify for the reduced Creation and Sales Charges, all of the applications for the Plans involved must be submitted to the Custodian at the same time together with a letter requesting that the face amounts of such Plans (and, if applicable, other AIM open-end mutual fund accounts including current and completed AIM Summit Investors Plans I accounts) be cumulated for the purpose of determining the applicable Creation and Sales Charge. In the event payments on one or more of these Plans is discontinued, the remaining Creation and Sales Charge will be changed to reflect the charges applicable to the Plan that is still in effect. The face amount of any Plans which have been completed (and not liquidated) or on which payments are "current" (as defined in the Prospectus under "Rights of Accumulation") may be aggregated with the face amount of a Plan being purchased by any person to ascertain the Creation and Sales Charge applicable to the Plan being purchased but not to reduce the custodial fees applicable to each such Plan. To qualify for a reduced Creation and Sales Charge, the Custodian must be notified by the dealer or the purchaser at the time of placing the order that the purchaser qualifies for the reduced Creation and Sales Charges.