0001169232-07-003530 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 29th, 2007 • Naic Growth Fund Inc • Michigan

This Agreement made this 16th day of February, 2007, but effective as of May 1, 2007 (subject to shareholder approval as set forth below) between NAIC Growth Fund, Inc. a Maryland corporation ("Investment Company"), and Sims Capital Management LLC, a Wisconsin limited liability company ("Adviser").

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