Common use of Standard Fees Clause in Contracts

Standard Fees. (a) Per Account Fee: Open Accounts: $10.00 per open account monthly/daily dividend $9.00 per open account quarterly dividend $8.00 per open account annual dividend Closed Accounts: $1.80 per closed account Portfolio minimums*: $10,200 per Portfolio per year *The minimum fee per cusip will be reduced the first year to $5,500 per Portfolio At such time when combined per account fees exceed the $10,200 Portfolio minimum, all fees will convert to a per account fee status. (b) NSCC Transaction charges: None (c) Initial Portfolio Set-Up and Implementation Cost: $10,000 one time cost After the one year anniversary of the effective date of the Sub-Transfer Agency Agreement, Investor Services Group may adjust the above fees once per calendar year, upon thirty (30) days prior written notice in an amount not to exceed the cumulative percentage increase in the Customer Price Index for All Urban Customers (CPI-U) U.S. City Average, All items (unadjusted) - (1982-84=100), published by the U.S. Department of Labor since the last such adjustment in the Client's monthly fees (or the Effective Date absent a prior such adjustment). 1. Programming Costs (if requested in writing by Transfer Agent)