Investment Authority Document

INVESTMENT AUTHORITY DOCUMENT

Parties and Account Identification

Client Name:

Effective Date:

Recitals

This Investment Authority Document (the "Agreement") is entered into between the Client identified above and the Investment Manager identified below for the purpose of granting authority to manage, direct, and effect transactions in the Client's investment account in accordance with the terms, limitations, and objectives set forth herein.

Grant of Authority

The Client hereby grants to the Investment Manager the authority to make investment decisions and to execute transactions for the Client's account. The scope of authority is selected below:

Discretionary authority: Investment Manager may buy, sell, or otherwise trade in securities and instruments without prior consent for each transaction.

Non-discretionary authority: Investment Manager shall obtain prior approval from Client for each transaction.

Scope, Limits and Transaction Types

Authorized transaction types include: public equities, fixed income, mutual funds, exchange-traded funds, cash equivalents, and other instruments mutually agreed in writing. The Investment Manager is not authorized to engage in the following without express written consent:

Client authorizes use of margin or borrowing in the account within limits specified by the custodian and applicable law.

If margin or leverage is authorized, describe maximum leverage ratio or special conditions:

Investment Objectives and Risk Tolerance

Fees, Expenses and Compensation

The Client agrees to pay the Investment Manager fees as set forth below. Fees are exclusive of custodian charges, third-party fees, taxes, and transaction expenses unless stated.

Reporting and Records

The Investment Manager shall provide periodic statements and performance reports in accordance with the schedule below. Reports shall detail holdings, transactions, fees charged, and realized/unrealized gains and losses.

Term, Amendment and Termination

This Agreement shall continue in effect until terminated by either party upon written notice. Termination shall not affect obligations incurred prior to termination, including payment of fees and completion of pending transactions. Amendments must be in writing and signed by both parties.

Representations, Warranties, and Acknowledgments

The Client represents and warrants that the information provided herein is true and complete, that the Client has full authority to enter into this Agreement and to grant the authorities set forth, and that no other person or entity's consent is required. The Investment Manager represents that it will act in good faith, with reasonable care, and in a manner consistent with the Client's stated objectives and applicable law.

Indemnification and Liability

The Client agrees to indemnify and hold harmless the Investment Manager, its employees and agents from and against claims, losses, damages, liabilities, and expenses (including reasonable attorneys' fees) arising out of the Client's breach of this Agreement, the Client's misrepresentations, or the actions taken pursuant to the authority granted herein, except to the extent resulting from the Investment Manager's gross negligence, willful misconduct, or material breach of law.

Confidentiality

Both parties shall maintain the confidentiality of nonpublic information obtained in connection with this Agreement, except as required by law, regulation, or a competent regulatory or judicial authority. Confidential information may be shared with service providers of the Investment Manager as necessary to perform duties under this Agreement.

Governing Law and Notices

This Agreement shall be governed by and construed in accordance with the laws of the state or jurisdiction indicated below, without regard to conflict of law principles. Notices shall be delivered in writing to the addresses specified above or to such other address as either party may designate by written notice.

Special Instructions and Additional Terms

Client Certifications

By signing below, the Client certifies that the Client has provided true, correct, and complete information, has read and understands the terms of this Agreement, and authorizes the Investment Manager to act in accordance with the authorities granted. The Client acknowledges receipt of any required disclosures and acknowledges the risks of investing, including possible loss of principal.

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