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CLIENT AGREEMENT FOR COMMERCIAL AUTOMATED INVESTMENT ACCOUNT CONCENTRATION - LIQUIDITY SHARES (c) In the event that Bank of America's aggregate purchase of Fund shares, including the Residual Amount and net of any redemptions, is insufficient to cover the aggregate of the Excess Funds Amounts for all clients investing in such Investment Option on such banking day, the amount of the difference will be proportionately allocated among clients by Bank of America as reductions in the amount of each client's purchase order that banking day. (If the Client has multiple Investments in such Investment Option, such allocation to the Client will then be allocated pro rata among its related Investment Accounts.) Any such deducted amount will not be invested in the Investment Option or earn dividends or interest that banking day. In t . event that the respective Residual Amount exceeds the amount necessary to cover all client purchases of Money Mark (Liquidity Class) Funds on any banking day, Bank of America will hold the remainder amount for its own account. (d) The Client understands and agrees that a Target Balance may be adjusted from time to time with the mutual consent of the Client and Bank of America. Bank of America will notify the Client of any Target Balance adjustment. (e) The Client may elect to have the Excess Funds Amount for any given Checking Account split between investments in a Fed Funds Investment and an Investment Option under a separate Client Agreement for Commercial Automated Investment Account with Bank of America covering Money Market (Market Class) Funds, Repurchase Agreements and Eurodollar Deposits ("Separate Agreemenr). The Client must designate such Checking Account on the Investment Selection Forms for both Investment Options and must complete a Secondary Investment Addendum to the Separate Agreement indicating the primary and secondary Investment Options. In the Form for the primary Investment Option, the designation must indicate that the Excess Funds Amount will first be invested in such Option but only up to a specified maximum amount. The amount of the Excess Funds Amount exceeding each specified maximum will be invested in the designated secondary Investment Option. Such a split investment will constitute two separate Investments, each with its separate investment confirmation. Investment of the Excess Funds Amount for a given Checking Account may not be split more than two ways. (f) The Client authorizes Bank of America to purchase and liquidate or redeem an Investment as provided in its respective Investment Selection Form and this Agreement and transfer the proceeds of any whole or partial liquidation or redemption of such Investment to its respective Checking Account. 4. Amendment Upon Notice. Bank of America has the right to amend this Agreement at any time, provided that any such amendment will take effect on the 10th day following the mailing by Bank of America by regular mail to the Client of a notice of the terms of such amendment. 5. Assignment. This Agreement may not be pledged, transferred or assigned by the Client, but may be assigned by Bank of America. Best Efforts to Invest and Liquidate. Bank of America will have no liability to the Client for lost income or otherwise if Bankl America is unable in its best efforts, to invest the Excess Funds Amount, to liquidate or redeem an Investment pursuant to t Agreement, or because of the unavailability of any Investment or for any other reason. For Money Market (Liquidity Class) Fu Investments, Bank of America will utilize such methodologies as it may deem necessary or appropriate in its sole discretion from time to time to estimate the amount of Anticipated Collected Balances. However, Bank of America shall have no liability for any under-investment of Client funds resulting from its estimation of Anticipated Collected Balances. 6. 7. Service Fee. The Client agrees to pay Bank of America a monthly fee in an amount as set forth in Bank of America's fee schedule as it may change from time to time 8. Termination. Either the Client or Bank of America may terminate this Agreement. Termination by the Client shall be effective two business days after written notice of termination is received by Bank of America. Termination by Bank of America shall be effective two business days after written notice is hand-delivered or mailed registered or certified mail, or by special courier, postage prepaid, to the Client's address contained at the end of this Agreement. 9. Authority. The Client represents and warrants to Bank of America that all necessary corporate or other action required to authorize the Client to enter into this Agreement has been taken, and is evidenced by the certificate attached to this Agreement, that the undersigned individual has full authority to execute this Agreement on behalf of the Client, and that the execution and performance of this Agreement does not contravene the Client's charter, bylaws, partnership agreement, or any agreement to which the Client is a party or by which it is bound. Bank of America represents and warrants to the Client that necessary corporate or other action has been taken to authorize this Agreement, the undersigned individual has full authority to execute this Agreement on Bank of America's behalf, and this Agreement does not contravene its charter or by-laws. 10. Client acknowledges that Client is not relying on any communications (written or oral) by Bank of America or any of Bank of America's officers, employees or agents as investment advice or as a recommendation to enter into an Investment, it being understood that information and explanations related to the terms and conditions of any Investment shall not be considered investment advice or a recommendation to purchase such Investment. No communication (written or oral) received from Bank of America shall be deemed to be an assurance or guarantee as to the expected results of the Investment. The Client's funds that are invested in an Investment are not a deposit and are not insured by the Federal oepol Insurance Corporation. The Investment is subject to investment risk, including possible loss of the principal amou invested. 11. 00-35- 2512NSBW 10-2004 2 @ 2004 Bank of America Corporation