<SEC-DOCUMENT>0001113169-18-000025.txt : 20181226
<SEC-HEADER>0001113169-18-000025.hdr.sgml : 20181226
<ACCEPTANCE-DATETIME>20181221174211
ACCESSION NUMBER:		0001113169-18-000025
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181220
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181224
DATE AS OF CHANGE:		20181221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRICE T ROWE GROUP INC
		CENTRAL INDEX KEY:			0001113169
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]
		IRS NUMBER:				522264646
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-32191
		FILM NUMBER:		181250692

	BUSINESS ADDRESS:	
		STREET 1:		100 EAST PRATT STREET
		STREET 2:		P.O. BOX 89000
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21289-0320
		BUSINESS PHONE:		4103452000

	MAIL ADDRESS:	
		STREET 1:		100 EAST PRATT STREET
		STREET 2:		P.O. BOX 89000
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21289-0320
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-kxxitem502bernardagr.htm
<DESCRIPTION>8-K
<TEXT>
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<div><a name="see6706612a7a406ca6198acdfcc2d21a"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Washington, D.C. 20549</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">___________________________</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;font-weight:bold;">FORM 8-K</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">CURRENT REPORT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Pursuant to Section 13 of the Securities Exchange Act of 1934</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Date of Report (Date of earliest event reported):</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;text-decoration:underline;">December 20, 2018</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:22pt;"><font style="font-family:Arial;font-size:22pt;font-weight:bold;text-decoration:underline;">T. Rowe Price Group, Inc.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(Exact name of registrant as specified in its charter)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.9921875%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:40%;"></td><td style="width:28%;"></td><td style="width:32%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Maryland</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">000-32191</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">52-2264646</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State of  </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">incorporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Commission </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">File Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(IRS Employer </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Identification No.)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:24px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;text-decoration:underline;">100 East Pratt Street, Baltimore, Maryland 21202</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:64.6484375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:74%;"></td><td style="width:26%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Address of principal executive offices)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Zip Code)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:10pt;">Registrant's telephone number, including area code:</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;&#32;</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;text-decoration:underline;">(410) 345-2000</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">[ ]&#160;&#160;&#160;&#160;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">[ ]&#160;&#160;&#160;&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">[ ]&#160;&#160;&#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">[ ]&#160;&#160;&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12-2 of this chapter). </font></div><div style="line-height:120%;text-align:left;text-indent:480px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Emerging growth company </font><font style="font-family:Wingdings;font-size:10pt;">&#168;</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </font><font style="font-family:Wingdings;font-size:10pt;">&#168;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sb4862b24d2104a9aa6eebe85534d6dd8"></a></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Section 5 - Corporate Governance and Management.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">I</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">tem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">(e) </font><font style="font-family:Arial;font-size:11pt;">As previously announced, Edward C. Bernard, Vice Chairman, will retire from T. Rowe Price Group, Inc. (the &#8220;Company&#8221;) on December 31, 2018. Mr. Bernard will remain a member of the Board of Directors of the Company until the Annual Meeting on April 25, 2019, at which he will not stand for reelection. On December 20, 2018, we entered into a consulting agreement with Mr. Bernard pursuant to which he will provide strategic and other consulting services to us and continue to serve as a </font><font style="font-family:Arial;font-size:11pt;color:#2d2d2d;">board member of UTI Asset Management Company Limited</font><font style="font-family:Arial;font-size:11pt;">, </font><font style="font-family:Arial;font-size:11pt;color:#4f4f4f;">for a period of one year</font><font style="font-family:Arial;font-size:11pt;">. The consulting agreement is effective as of January 1, 2019, and thereafter is automatically renewed on January 1 of each year. It can be terminated by either party for any reason at the end of any year or upon at least 30 days prior written notice. The agreement provides for payments to Mr. Bernard of $350,000 per year, plus reimbursement for reasonable out-of-pocket expenses.  In addition, while traveling for the Company we will provide insurance and </font><font style="font-family:Arial;font-size:11pt;color:#1c1d1d;">emergency travel assistance </font><font style="font-family:Arial;font-size:11pt;">coverage to Mr. Bernard. </font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#32;The foregoing description is qualified in its entirety by reference to the consulting agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><a name="sc911d99826834fb1b99115a3f820c9f8"></a></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;-sec-extract:summary;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Section 9 - Financial Statements and Exhibits. </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:82.421875%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:23%;"></td><td style="width:77%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Item 9.01.</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Financial Statements and Exhibits.</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(d) Exhibits. </font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.96875%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:7%;"></td><td style="width:93%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">10.1</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit101consultingagreem.htm"><font style="font-family:Arial;font-size:11pt;">Consulting Agreement dated December 20, 2018.</font></a></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><a name="s34dc7e51940b4c6dbab10514b8f68ca4"></a></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">SIGNATURES </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div><div style="line-height:120%;padding-bottom:40px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">T. Rowe Price Group, Inc.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">By:  </font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">/s/ David Oestreicher</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;David Oestreicher</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;Vice President, Chief Legal Counsel and Corporate Secretary</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;Date: December 21, 2018</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101consultingagreem.htm
<DESCRIPTION>CONSULTING AGREEMENT
<TEXT>
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<div><a name="s8b82c17cd0dd44219e300cdc0b3b6d14"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:384px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 20, 2018</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Edward C. Bernard</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Dear Ed:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">I would like you to act as a consultant to me and others at T. Rowe Price</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;(the &#8220;Company&#8221;)</font><font style="font-family:inherit;font-size:12pt;">&#32;beginning as of January 1, 2019, in accordance with the following terms and conditions of this consulting agreement </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">(&#8220;this Agreement&#8221;)</font><font style="font-family:inherit;font-size:12pt;">: </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Services.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">During </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">the </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">term </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">of </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">thi</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">s e</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">n</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">gage</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ment</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">, I would like you to</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">&#32;be available to provide advice and counsel to me and other senior leaders of the Company.  I would like to have periodic meetings with you to discuss various topics and to hear about your discussions with the other senior leaders</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">.  One specific assignment will be to advise David Oestreicher in his new role with the Mutual Fund Board.  It is expected that these services will be provided telephonically and through in-p</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">r</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">son meetings </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">as </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">we </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">determine t</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">o </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">be appropriate. </font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">In </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">n</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">o eve</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">nt </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">will yo</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">u </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">be engaged fo</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">r </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">such co</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">n</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">s</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">ultin</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">g </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">a</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ss</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ignm</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">nt</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">s </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">w</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">hi</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">c</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">h </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">would </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">require </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ac</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ti</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">v</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">it</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">y </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">b</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">y you that would subject you to the T. Rowe Price Code of Ethics.</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">&#32;&#32;In </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">add</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">it</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">ion, </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">you </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">wi</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">ll continue to </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">perform </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">services as a board member of UTI Asset Management Company Limited ("UTI") (which may include services as a board member of UTI affiliate entities) on behalf of the Company (or for one or more of the Company's affiliates). You will not receive separate compensation from UTI for such services. </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Compensation.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">Y</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">o</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ur </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">co</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">mp</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">n</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">sat</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">i</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">o</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">n </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">for </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">t</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">he</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">se se</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">rvic</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">es </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">w</font><font style="font-family:inherit;font-size:12pt;color:#070707;">i</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">ll </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">b</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">e </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">$350,000</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">&#32;</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">for </font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">t</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">he </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">period </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">from </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">J</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">a</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">nu</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ary 1,</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">&#32;</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">20</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">1</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">9 </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">un</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ti</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">l D</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ece</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">mber </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">3</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">1</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">, </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">2019. You </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">w</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">i</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ll be paid </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">quarterly. </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">Y</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">o</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">u </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">w</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">ill </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">b</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e </font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">r</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">imbur</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">sed </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">fo</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">r </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">yo</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ur </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">reaso</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">n</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">a</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">bl</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e o</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ut-of</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">-pocke</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">t </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">expe</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">n</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ses, </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">includ</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ing any req</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">uir</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">d </font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">t</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">rave</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">l </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">to </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">the </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">Co</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">mp</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">a</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ny </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">or </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">l</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">sew</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">h</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ere</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">.</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">&#32;&#32;In addition, while traveling for business at the authorization, direction and expense of the Company, the Company will provide coverage through its Global Medical and Business Travel Accident policies placed with Ace American Insurance Company (&#8220;Chubb&#8221;) which also provides emergency travel assistance services through Chubb&#8217;s partner, AXA.</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">&#32;</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">For </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">purp</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">oses of </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">thi</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">s </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">engagement, </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">yo</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">u 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style="font-family:inherit;font-size:12pt;color:#2d2d2d;">n</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">y</font><font style="font-family:inherit;font-size:12pt;color:#747b7e;">&#32;and</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">&#32;wil</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">l </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">not b</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e e</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">nti</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">t</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">l</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">d t</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">o any </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">benefits </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">or ot</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">h</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">er </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">compensat</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">i</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">o</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">n be</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">yo</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">nd </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">the consult</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">in</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">g </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">p</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ay</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">m</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">nts </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">se</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">t </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">fort</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">h </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">i</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">n t</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">hi</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">s </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">para</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">gra</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ph</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">. You w</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ill </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">a</font><font style="font-family:inherit;font-size:12pt;color:#070707;">l</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">so </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">be </font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">r</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">espo</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">n</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">s</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">ibl</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">e for </font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">payment </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">of a</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">ll </font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">taxes associa</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">t</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">ed w</font><font style="font-family:inherit;font-size:12pt;color:#1c1d1d;">i</font><font style="font-family:inherit;font-size:12pt;color:#3d3d3d;">th such</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">&#32;</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">compensat</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">i</font><font style="font-family:inherit;font-size:12pt;color:#4f4f4f;">on</font><font style="font-family:inherit;font-size:12pt;color:#2d2d2d;">.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Term.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;</font><font style="font-family:inherit;font-size:12pt;color:#343434;">T</font><font style="font-family:inherit;font-size:12pt;color:#151515;">hi</font><font style="font-family:inherit;font-size:12pt;color:#464646;">s </font><font style="font-family:inherit;font-size:12pt;color:#343434;">arrangement </font><font style="font-family:inherit;font-size:12pt;color:#464646;">s</font><font style="font-family:inherit;font-size:12pt;color:#151515;">h</font><font style="font-family:inherit;font-size:12pt;color:#343434;">a</font><font style="font-family:inherit;font-size:12pt;color:#151515;">ll </font><font style="font-family:inherit;font-size:12pt;color:#343434;">be automatica</font><font style="font-family:inherit;font-size:12pt;color:#151515;">ll</font><font style="font-family:inherit;font-size:12pt;color:#343434;">y renewed on January 1</font><font style="font-family:inherit;font-size:12pt;color:#232323;">&#32;</font><font style="font-family:inherit;font-size:12pt;color:#464646;">of </font><font style="font-family:inherit;font-size:12pt;color:#343434;">eac</font><font style="font-family:inherit;font-size:12pt;color:#151515;">h </font><font style="font-family:inherit;font-size:12pt;color:#464646;">y</font><font style="font-family:inherit;font-size:12pt;color:#232323;">e</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ar for a</font><font style="font-family:inherit;font-size:12pt;color:#232323;">n </font><font style="font-family:inherit;font-size:12pt;color:#343434;">additiona</font><font style="font-family:inherit;font-size:12pt;color:#151515;">l </font><font style="font-family:inherit;font-size:12pt;color:#464646;">one-yea</font><font style="font-family:inherit;font-size:12pt;color:#232323;">r </font><font style="font-family:inherit;font-size:12pt;color:#343434;">period unless </font><font style="font-family:inherit;font-size:12pt;color:#464646;">e</font><font style="font-family:inherit;font-size:12pt;color:#232323;">ith</font><font style="font-family:inherit;font-size:12pt;color:#464646;">er </font><font style="font-family:inherit;font-size:12pt;color:#343434;">party provides </font><font style="font-family:inherit;font-size:12pt;color:#464646;">p</font><font style="font-family:inherit;font-size:12pt;color:#232323;">ri</font><font style="font-family:inherit;font-size:12pt;color:#464646;">or wr</font><font style="font-family:inherit;font-size:12pt;color:#232323;">i</font><font style="font-family:inherit;font-size:12pt;color:#464646;">tten </font><font style="font-family:inherit;font-size:12pt;color:#343434;">notice </font><font style="font-family:inherit;font-size:12pt;color:#464646;">to </font><font style="font-family:inherit;font-size:12pt;color:#343434;">the other party that it wishes </font><font style="font-family:inherit;font-size:12pt;color:#232323;">t</font><font style="font-family:inherit;font-size:12pt;color:#464646;">o </font><font style="font-family:inherit;font-size:12pt;color:#232323;">termin</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ate </font><font style="font-family:inherit;font-size:12pt;color:#151515;">t</font><font style="font-family:inherit;font-size:12pt;color:#343434;">his arrangement </font><font style="font-family:inherit;font-size:12pt;color:#464646;">at any </font><font style="font-family:inherit;font-size:12pt;color:#232323;">tim</font><font style="font-family:inherit;font-size:12pt;color:#5d5d5d;">e </font><font style="font-family:inherit;font-size:12pt;color:#343434;">prio</font><font style="font-family:inherit;font-size:12pt;color:#151515;">r </font><font style="font-family:inherit;font-size:12pt;color:#464646;">to such </font><font style="font-family:inherit;font-size:12pt;color:#343434;">Janua</font><font style="font-family:inherit;font-size:12pt;color:#151515;">r</font><font style="font-family:inherit;font-size:12pt;color:#343434;">y </font><font style="font-family:inherit;font-size:12pt;color:#232323;">1. </font><font style="font-family:inherit;font-size:12pt;color:#151515;">In </font><font style="font-family:inherit;font-size:12pt;color:#464646;">add</font><font style="font-family:inherit;font-size:12pt;color:#232323;">ition</font><font style="font-family:inherit;font-size:12pt;color:#464646;">, </font><font style="font-family:inherit;font-size:12pt;color:#343434;">t</font><font style="font-family:inherit;font-size:12pt;color:#151515;">hi</font><font style="font-family:inherit;font-size:12pt;color:#464646;">s arra</font><font style="font-family:inherit;font-size:12pt;color:#232323;">ngem</font><font style="font-family:inherit;font-size:12pt;color:#464646;">e</font><font style="font-family:inherit;font-size:12pt;color:#232323;">n</font><font style="font-family:inherit;font-size:12pt;color:#464646;">t </font><font style="font-family:inherit;font-size:12pt;color:#343434;">may be </font><font style="font-family:inherit;font-size:12pt;color:#464646;">te</font><font style="font-family:inherit;font-size:12pt;color:#232323;">r</font><font style="font-family:inherit;font-size:12pt;color:#464646;">mi</font><font style="font-family:inherit;font-size:12pt;color:#232323;">n</font><font style="font-family:inherit;font-size:12pt;color:#464646;">a</font><font style="font-family:inherit;font-size:12pt;color:#232323;">t</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ed </font><font style="font-family:inherit;font-size:12pt;color:#343434;">by </font><font style="font-family:inherit;font-size:12pt;color:#464646;">e</font><font style="font-family:inherit;font-size:12pt;color:#232323;">i</font><font style="font-family:inherit;font-size:12pt;color:#464646;">t</font><font style="font-family:inherit;font-size:12pt;color:#232323;">h</font><font style="font-family:inherit;font-size:12pt;color:#464646;">e</font><font style="font-family:inherit;font-size:12pt;color:#232323;">r </font><font style="font-family:inherit;font-size:12pt;color:#343434;">party </font><font style="font-family:inherit;font-size:12pt;color:#464646;">at </font><font style="font-family:inherit;font-size:12pt;color:#343434;">any </font><font style="font-family:inherit;font-size:12pt;color:#464646;">t</font><font style="font-family:inherit;font-size:12pt;color:#232323;">ime </font><font style="font-family:inherit;font-size:12pt;color:#343434;">for </font><font style="font-family:inherit;font-size:12pt;color:#464646;">any </font><font style="font-family:inherit;font-size:12pt;color:#232323;">r</font><font style="font-family:inherit;font-size:12pt;color:#464646;">eason </font><font style="font-family:inherit;font-size:12pt;color:#343434;">upon at </font><font style="font-family:inherit;font-size:12pt;color:#232323;">l</font><font style="font-family:inherit;font-size:12pt;color:#464646;">east </font><font style="font-family:inherit;font-size:12pt;color:#343434;">thirty </font><font style="font-family:inherit;font-size:12pt;color:#464646;">(30) </font><font style="font-family:inherit;font-size:12pt;color:#343434;">days </font><font style="font-family:inherit;font-size:12pt;color:#464646;">prior written not</font><font style="font-family:inherit;font-size:12pt;color:#232323;">i</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ce to the ot</font><font style="font-family:inherit;font-size:12pt;color:#232323;">her </font><font style="font-family:inherit;font-size:12pt;color:#464646;">pa</font><font style="font-family:inherit;font-size:12pt;color:#232323;">rty.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">4.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Confidentiality.</font><font style="font-family:inherit;font-size:12pt;">&#32;As always, Ed, we will expect you to</font><font style="font-family:inherit;font-size:12pt;color:#464646;">&#32;</font><font style="font-family:inherit;font-size:12pt;color:#343434;">maintain </font><font style="font-family:inherit;font-size:12pt;color:#464646;">the </font><font style="font-family:inherit;font-size:12pt;color:#343434;">confiden</font><font style="font-family:inherit;font-size:12pt;color:#151515;">ti</font><font style="font-family:inherit;font-size:12pt;color:#464646;">a</font><font style="font-family:inherit;font-size:12pt;color:#151515;">l</font><font style="font-family:inherit;font-size:12pt;color:#343434;">i</font><font style="font-family:inherit;font-size:12pt;color:#151515;">t</font><font style="font-family:inherit;font-size:12pt;color:#343434;">y </font><font style="font-family:inherit;font-size:12pt;color:#464646;">of </font><font style="font-family:inherit;font-size:12pt;color:#343434;">a</font><font style="font-family:inherit;font-size:12pt;color:#151515;">n</font><font style="font-family:inherit;font-size:12pt;color:#343434;">y </font><font style="font-family:inherit;font-size:12pt;color:#232323;">n</font><font style="font-family:inherit;font-size:12pt;color:#464646;">on</font><font style="font-family:inherit;font-size:12pt;color:#151515;">-</font><font style="font-family:inherit;font-size:12pt;color:#343434;">pub</font><font style="font-family:inherit;font-size:12pt;color:#151515;">li</font><font style="font-family:inherit;font-size:12pt;color:#464646;">c </font><font style="font-family:inherit;font-size:12pt;color:#232323;">inform</font><font style="font-family:inherit;font-size:12pt;color:#464646;">a</font><font style="font-family:inherit;font-size:12pt;color:#232323;">tion r</font><font style="font-family:inherit;font-size:12pt;color:#464646;">e</font><font style="font-family:inherit;font-size:12pt;color:#151515;">l</font><font style="font-family:inherit;font-size:12pt;color:#343434;">ating </font><font style="font-family:inherit;font-size:12pt;color:#464646;">to </font><font style="font-family:inherit;font-size:12pt;color:#5d5d5d;">t</font><font style="font-family:inherit;font-size:12pt;color:#232323;">h</font><font style="font-family:inherit;font-size:12pt;color:#464646;">e Company or </font><font style="font-family:inherit;font-size:12pt;color:#343434;">UTI that </font><font style="font-family:inherit;font-size:12pt;color:#464646;">yo</font><font style="font-family:inherit;font-size:12pt;color:#232323;">u </font><font style="font-family:inherit;font-size:12pt;color:#343434;">obtain </font><font style="font-family:inherit;font-size:12pt;color:#464646;">as a </font><font style="font-family:inherit;font-size:12pt;color:#343434;">resu</font><font 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style="font-family:inherit;font-size:12pt;color:#464646;">vities. </font><font style="font-family:inherit;font-size:12pt;color:#343434;">In </font><font style="font-family:inherit;font-size:12pt;color:#464646;">addition, </font><font style="font-family:inherit;font-size:12pt;color:#232323;">unle</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ss otherwise ag</font><font style="font-family:inherit;font-size:12pt;color:#232323;">re</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ed </font><font style="font-family:inherit;font-size:12pt;color:#232323;">in </font><font style="font-family:inherit;font-size:12pt;color:#464646;">w</font><font style="font-family:inherit;font-size:12pt;color:#232323;">ritin</font><font style="font-family:inherit;font-size:12pt;color:#464646;">g </font><font style="font-family:inherit;font-size:12pt;color:#232323;">by th</font><font style="font-family:inherit;font-size:12pt;color:#464646;">e </font><font 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style="font-family:inherit;font-size:12pt;color:#151515;">h</font><font style="font-family:inherit;font-size:12pt;color:#464646;">e </font><font style="font-family:inherit;font-size:12pt;color:#343434;">tradi</font><font style="font-family:inherit;font-size:12pt;color:#151515;">n</font><font style="font-family:inherit;font-size:12pt;color:#464646;">g in Company stock, </font><font style="font-family:inherit;font-size:12pt;color:#232323;">in</font><font style="font-family:inherit;font-size:12pt;color:#464646;">cluding </font><font style="font-family:inherit;font-size:12pt;color:#343434;">its prior c</font><font style="font-family:inherit;font-size:12pt;color:#151515;">l</font><font style="font-family:inherit;font-size:12pt;color:#464646;">earance and repor</font><font style="font-family:inherit;font-size:12pt;color:#757575;">t</font><font style="font-family:inherit;font-size:12pt;color:#232323;">in</font><font style="font-family:inherit;font-size:12pt;color:#464646;">g procedures fo</font><font style="font-family:inherit;font-size:12pt;color:#232323;">r </font><font style="font-family:inherit;font-size:12pt;color:#464646;">e</font><font style="font-family:inherit;font-size:12pt;color:#232323;">mploy</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ees</font><font style="font-family:inherit;font-size:12pt;color:#232323;">. </font><font style="font-family:inherit;font-size:12pt;color:#343434;">Provided </font><font style="font-family:inherit;font-size:12pt;color:#232323;">that </font><font style="font-family:inherit;font-size:12pt;color:#464646;">yo</font><font style="font-family:inherit;font-size:12pt;color:#232323;">u do not </font><font style="font-family:inherit;font-size:12pt;color:#343434;">obtain </font><font style="font-family:inherit;font-size:12pt;color:#151515;">in</font><font style="font-family:inherit;font-size:12pt;color:#464646;">formatio</font><font style="font-family:inherit;font-size:12pt;color:#232323;">n </font><font style="font-family:inherit;font-size:12pt;color:#464646;">about </font><font style="font-family:inherit;font-size:12pt;color:#151515;">t</font><font style="font-family:inherit;font-size:12pt;color:#464646;">he </font><font style="font-family:inherit;font-size:12pt;color:#343434;">Company's investment </font><font style="font-family:inherit;font-size:12pt;color:#464646;">researc</font><font style="font-family:inherit;font-size:12pt;color:#232323;">h</font><font style="font-family:inherit;font-size:12pt;color:#464646;">, </font><font style="font-family:inherit;font-size:12pt;color:#232323;">r</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ecommendations, o</font><font style="font-family:inherit;font-size:12pt;color:#232323;">r </font><font style="font-family:inherit;font-size:12pt;color:#464646;">transac</font><font style="font-family:inherit;font-size:12pt;color:#151515;">t</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ions</font><font style="font-family:inherit;font-size:12pt;color:#757575;">, </font><font style="font-family:inherit;font-size:12pt;color:#464646;">you wi</font><font style="font-family:inherit;font-size:12pt;color:#232323;">ll </font><font style="font-family:inherit;font-size:12pt;color:#343434;">not be </font><font style="font-family:inherit;font-size:12pt;color:#464646;">subject </font><font style="font-family:inherit;font-size:12pt;color:#343434;">to </font><font style="font-family:inherit;font-size:12pt;color:#464646;">the </font><font style="font-family:inherit;font-size:12pt;color:#343434;">Company's </font><font style="font-family:inherit;font-size:12pt;color:#232323;">p</font><font style="font-family:inherit;font-size:12pt;color:#464646;">o</font><font style="font-family:inherit;font-size:12pt;color:#151515;">l</font><font style="font-family:inherit;font-size:12pt;color:#343434;">icies with </font><font style="font-family:inherit;font-size:12pt;color:#464646;">res</font><font style="font-family:inherit;font-size:12pt;color:#232323;">pec</font><font style="font-family:inherit;font-size:12pt;color:#464646;">t </font><font style="font-family:inherit;font-size:12pt;color:#343434;">to </font><font style="font-family:inherit;font-size:12pt;color:#232323;">the </font><font style="font-family:inherit;font-size:12pt;color:#343434;">prior </font><font style="font-family:inherit;font-size:12pt;color:#232323;">cl</font><font style="font-family:inherit;font-size:12pt;color:#5d5d5d;">earan</font><font style="font-family:inherit;font-size:12pt;color:#343434;">ce </font><font style="font-family:inherit;font-size:12pt;color:#5d5d5d;">a</font><font style="font-family:inherit;font-size:12pt;color:#343434;">nd repor</font><font style="font-family:inherit;font-size:12pt;color:#5d5d5d;">t</font><font style="font-family:inherit;font-size:12pt;color:#232323;">in</font><font style="font-family:inherit;font-size:12pt;color:#464646;">g of your perso</font><font style="font-family:inherit;font-size:12pt;color:#232323;">nal </font><font style="font-family:inherit;font-size:12pt;color:#464646;">sec</font><font style="font-family:inherit;font-size:12pt;color:#232323;">uri</font><font style="font-family:inherit;font-size:12pt;color:#464646;">t</font><font style="font-family:inherit;font-size:12pt;color:#232323;">i</font><font style="font-family:inherit;font-size:12pt;color:#464646;">es </font><font style="font-family:inherit;font-size:12pt;color:#343434;">tran</font><font style="font-family:inherit;font-size:12pt;color:#5d5d5d;">s</font><font style="font-family:inherit;font-size:12pt;color:#343434;">action</font><font style="font-family:inherit;font-size:12pt;color:#5d5d5d;">s </font><font style="font-family:inherit;font-size:12pt;color:#232323;">in</font><font style="font-family:inherit;font-size:12pt;color:#464646;">vo</font><font style="font-family:inherit;font-size:12pt;color:#151515;">l</font><font style="font-family:inherit;font-size:12pt;color:#464646;">v</font><font style="font-family:inherit;font-size:12pt;color:#232323;">ing </font><font style="font-family:inherit;font-size:12pt;color:#464646;">sec</font><font style="font-family:inherit;font-size:12pt;color:#232323;">uriti</font><font style="font-family:inherit;font-size:12pt;color:#464646;">es ot</font><font style="font-family:inherit;font-size:12pt;color:#232323;">h</font><font style="font-family:inherit;font-size:12pt;color:#464646;">er tha</font><font style="font-family:inherit;font-size:12pt;color:#232323;">n </font><font style="font-family:inherit;font-size:12pt;color:#464646;">s</font><font style="font-family:inherit;font-size:12pt;color:#232323;">t</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ock </font><font style="font-family:inherit;font-size:12pt;color:#5d5d5d;">of </font><font style="font-family:inherit;font-size:12pt;color:#464646;">the Company.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Office Space.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;</font><font style="font-family:inherit;font-size:12pt;color:#464646;">The Company w</font><font style="font-family:inherit;font-size:12pt;color:#232323;">ill p</font><font style="font-family:inherit;font-size:12pt;color:#464646;">rov</font><font style="font-family:inherit;font-size:12pt;color:#232323;">id</font><font style="font-family:inherit;font-size:12pt;color:#464646;">e you wit</font><font style="font-family:inherit;font-size:12pt;color:#151515;">h </font><font style="font-family:inherit;font-size:12pt;color:#464646;">appropriate office </font><font style="font-family:inherit;font-size:12pt;color:#5d5d5d;">space </font><font style="font-family:inherit;font-size:12pt;color:#464646;">and equipment, sec</font><font style="font-family:inherit;font-size:12pt;color:#151515;">r</font><font style="font-family:inherit;font-size:12pt;color:#464646;">e</font><font style="font-family:inherit;font-size:12pt;color:#232323;">t</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ar</font><font style="font-family:inherit;font-size:12pt;color:#232323;">i</font><font style="font-family:inherit;font-size:12pt;color:#464646;">al ass</font><font style="font-family:inherit;font-size:12pt;color:#232323;">i</font><font style="font-family:inherit;font-size:12pt;color:#464646;">stance a</font><font style="font-family:inherit;font-size:12pt;color:#232323;">nd </font><font style="font-family:inherit;font-size:12pt;color:#343434;">computer </font><font style="font-family:inherit;font-size:12pt;color:#464646;">access and s</font><font style="font-family:inherit;font-size:12pt;color:#232323;">u</font><font style="font-family:inherit;font-size:12pt;color:#464646;">pport.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Other Employment</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">.</font><font style="font-family:inherit;font-size:12pt;">&#32;&#32;&#32;</font><font style="font-family:inherit;font-size:12pt;color:#464646;">Should you accept a position as an employee, officer, director or  consultant, or an appointment to the board of a federally registered investment  adviser, registered investment company, broker-dealer, bank, or publicly traded company, you will provide written notice of such employment or appointment to the Chief Executive Officer of the Company and recognize that we may need to modify this relationship or establish protocols or procedures relating to such position to avoid any potential conflicts, or appearance of conflicts that may arise from such relationship.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">7.</font></div></td><td 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style="font-family:inherit;font-size:12pt;color:#232323;">be </font><font style="font-family:inherit;font-size:12pt;color:#464646;">governed </font><font style="font-family:inherit;font-size:12pt;color:#232323;">b</font><font style="font-family:inherit;font-size:12pt;color:#464646;">y a</font><font style="font-family:inherit;font-size:12pt;color:#151515;">n</font><font style="font-family:inherit;font-size:12pt;color:#464646;">d co</font><font style="font-family:inherit;font-size:12pt;color:#151515;">n</font><font style="font-family:inherit;font-size:12pt;color:#464646;">struc</font><font style="font-family:inherit;font-size:12pt;color:#232323;">t</font><font style="font-family:inherit;font-size:12pt;color:#464646;">ed </font><font style="font-family:inherit;font-size:12pt;color:#343434;">in accordance </font><font style="font-family:inherit;font-size:12pt;color:#464646;">wit</font><font style="font-family:inherit;font-size:12pt;color:#232323;">h </font><font style="font-family:inherit;font-size:12pt;color:#151515;">t</font><font style="font-family:inherit;font-size:12pt;color:#343434;">he </font><font style="font-family:inherit;font-size:12pt;color:#464646;">laws of the State of Mary</font><font style="font-family:inherit;font-size:12pt;color:#232323;">l</font><font style="font-family:inherit;font-size:12pt;color:#464646;">and.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:-24px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">Ed, if the foregoing accurately reflects our agreement, please acknowledge by signing and returning the enclosed copy of this letter.  I look forward to working with you in this capacity. </font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:240px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:336px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">Very truly yours, </font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:288px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">/s/ William J. Stromberg</font></div><div style="line-height:120%;text-align:left;text-indent:336px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">&#32;William J. Stromberg</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">/s/ Edward C. Bernard</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Edward C. Bernard</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
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