0000922907-05-000420 Sample Contracts

INVESTMENT ADVISORY AGREEMENT MORAMERICA CAPITAL CORPORATION, An Iowa Corporation
Investment Advisory Agreement • July 21st, 2005 • Macc Private Equities Inc • Delaware

This INVESTMENT ADVISORY AGREEMENT dated as of July 21, 2005 (the “Agreement”) by MorAmerica Capital Corporation, a corporation organized under the laws of the State of Iowa (“MACC”), and InvestAmerica Investment Advisors, Inc., a corporation organized under the laws of the State of Delaware (“InvestAmerica”).

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INVESTMENT ADVISORY AGREEMENT MACC PRIVATE EQUITIES INC. A Delaware Corporation
Investment Advisory Agreement • July 21st, 2005 • Macc Private Equities Inc • Delaware

This INVESTMENT ADVISORY AGREEMENT dated as of July 21, 2005 (the “Agreement”) by MACC Private Equities Inc., a company organized under the laws of the State of Delaware (“the Company”), and InvestAmerica Investment Advisors, Inc., a corporation organized under the laws of the State of Delaware (“InvestAmerica”).

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