The client named below retains Investment Performance Analysis, L.L.C. to provide an analysis of its investment portfolio and to pay for this analysis based on the fee schedule shown below upon delivery of the written analysis by Investment Performance Analysis, L.L.C. to the client.

Client named below can pay the fee directly or authorize Investment Performance Analysis, L.L.C. to bill the investment portfolio custodian directly for this service. Please indicate below the payment method you prefer:

 

 

                   ______     I will pay fee directly to Investment Performance Analysis, L.L.C.

 

                   ______     I authorize Investment Performance Analysis, L.L.C. to bill fund custodian.

 

 

Fee is based on market value of assets as shown on the client asset statement. Fee is 1/20 of 1% for the first $5 million of market value as shown on the client asset statement. Amounts above the first $5 million and below $15 million are billed at a rate of 1/40 of 1%. Amounts above $15 million are billed at a rate of 1/100 of 1%.  Minimum fee is $1000.00.

 

 

________________________________                            _________________________________

Name of Client                                                                   Authorized Signature and Date

 

 

________________________________                             _________________________________

Billing Address:          Street                                                             State and Zip

 

 

________________________________                          

Acceptance by:

Investment Performance Analysis, L.L.C.