Common use of Account Fee Type Clause in Contracts

Account Fee Type. Manager offers the Program in a Wrap and Non-Wrap Account fee type. In a Wrap Account fee type, Client pays one Account fee that covers investment advisory, administrative and trading services. In a Non- Wrap Account fee type, Client pays an Account fee that covers investment advisory and administrative services and pays additional fees for each trade (“Transaction Charges”). In the Wrap Account format, Client’s Transaction Charges may be paid by Manager or Advisory Representative. The Account fee type is provided in the SIS and a schedule of Transaction Charges is included in ADV Part 2A – Appendix 1 Program Brochure (“Appendix 1”) that will be provided to you. Also disclosed within Appendix 1 is the maximum Account fee that may be charged. Client acknowledges and agrees that the fee schedule set forth within the SIS and Transaction Charges set forth in Appendix 1 are in effect for Client's Account and will continue until thirty (30) days after Royal Alliance has notified Client in writing of any change in the amount of the fees or charges applicable to Client's Account, at which time the new fees or charges will become effective unless Client notifies Royal Alliance in writing that the Account is to be closed. Account Fee Billing Cycle The Account fee will be payable quarterly in advance and upon deposit of any additional funds or securities in the Account. The initial account fee is due upon execution of this Agreement. Subsequent account fee payments are due and will be assessed at the beginning of each quarter based on the value of the Account assets (securities, cash and cash equivalents) under management as of the close of business on the last business day of the preceding quarter as valued by an independent pricing service, where available, or otherwise in good faith. Additional deposits of funds and/or securities will be subject to the same billing procedures. In the event that additions to, or withdrawals from, the Account are made in excess of $10,000 during any given quarter, the Account fee will be adjusted on a pro-rata basis to the account from which the charge was debited. Adjustments are calculated as follows:

Account Fee Type. Manager offers the Program in a Wrap and Non-Wrap Account fee type. In a Wrap Account fee type, Client pays one Account fee that covers investment advisory, administrative and trading services. In a Non- Non-Wrap Account fee type, Client pays an Account fee that covers investment advisory and administrative services and pays additional fees for each trade (“Transaction Charges”). In the Wrap Account format, Client’s Transaction Charges may be paid by Manager or Advisory Representative. The Account fee type is provided in the SIS and a schedule of Transaction Charges is included in ADV Part 2A – Appendix 1 Program Brochure (“Appendix 1”) that will be provided to you. Also disclosed within Appendix 1 is the maximum Account fee that may be charged. Client acknowledges and agrees that the fee schedule set forth within the SIS and Transaction Charges set forth in Appendix 1 are in effect for Client's Account and will continue until thirty (30) days after Royal Alliance Advisor has notified Client in writing of any change in the amount of the fees or charges applicable to Client's Account, at which time the new fees or charges will become effective unless Client notifies Royal Alliance Advisor in writing that the Account is to be closed. Account Fee Billing Cycle The Account fee will billing cycle is provided in the SIS, and may be charged quarterly in arrears or quarterly in advance. For an Account fee payable quarterly in advance and advance, the Account fee is charged upon deposit of any additional funds or securities in the Account. The initial account Account fee is due upon execution of this Agreement. Subsequent account fee payments are due and will be assessed at the beginning of each quarter based on the value of the Account assets (securities, cash and cash equivalents) under management as of the close of business on the last business day of the preceding quarter as valued by an independent pricing service, where available, or otherwise in good faith. Additional deposits of funds and/or securities will be subject to the same billing procedures. In the event that additions to, or withdrawals from, the Account are made in excess of $10,000 during any given quarter, the Account fee will be adjusted on a pro-rata basis to the account from which the charge was debited. Adjustments are calculated as follows:

Account Fee Type. Manager offers the Program in a Wrap and Non-Wrap Account fee type. In a Wrap Account fee type, Client pays one Account fee that covers investment advisory, administrative and trading services. In a Non- Wrap Account fee type, Client pays an Account fee that covers investment advisory and administrative services and pays additional fees for each trade (“Transaction Charges”). In the Wrap Account format, Client’s Transaction Charges may be paid by Manager or Advisory Representative. The Account fee type is provided in the SIS and a schedule of Transaction Charges is included in ADV Part 2A – Appendix 1 Program Brochure (“Appendix 1”) that will be provided to you. Also disclosed within Appendix 1 is the maximum Account fee that may be charged. Client acknowledges and agrees that the fee schedule set forth within the SIS and Transaction Charges set forth in Appendix 1 are in effect for Client's Account and will continue until thirty (30) days after Royal Alliance Woodbury has notified Client in writing of any change in the amount of the fees or charges applicable to Client's Account, at which time the new fees or charges will become effective unless Client notifies Royal Alliance Woodbury in writing that the Account is to be closed. Account Fee Billing Cycle The Account fee will be payable quarterly in advance and upon deposit of any additional funds or securities in the Account. The initial account fee is due upon execution of this Agreement. Subsequent account fee payments are due and will be assessed at the beginning of each quarter based on the value of the Account assets (securities, cash and cash equivalents) under management as of the close of business on the last business day of the preceding quarter as valued by an independent pricing service, where available, or otherwise in good faith. Additional deposits of funds and/or securities will be subject to the same billing procedures. In the event that additions to, or withdrawals from, the Account are made in excess of $10,000 during any given quarter, the Account fee will be adjusted on a pro-rata basis to the account from which the charge was debited. Adjustments are calculated as follows: