1. I/We confirm that the information given in this form is correct and complete. I/We authorize PEMI to confirm this information from any source it may choose

2. Having read and understood the contents of this form and the Fund's prospectus, I/we hereby agree to abide by the terms and conditions of opening this account and investing in mutual funds.

3. I/We understand that the opening of this account may be delayed if not all requirements and supporting documents are submitted

4. I/We hold PEMI, its officers and representatives, free and harmless from any and all claims, liabilities, damages and suits of whatever nature arising out of or in connection to the opening of this account.

1. I/we wish to send instructions regarding my account by

2. I/we understand that by enrolling my/our account in this facility, I/we am/are authorizing Philequity Management Inc (PEMI) to process and treat all fax instructions bearing the signatures of the authorized signatories as well as email instructions from the email address indicated above (if email facility selected) as original documents

3. I/we understand that this facility is applicable only for additional investments and redemptions

4. I/we understand that it is my/our responsibility to ensure that fax and/or email instructions are transmitted to PEMI in a timely manner and in a form that is legible and which clearly states all relevant transaction information. I/we understand that PEMI will only process fax and email instructions that conform to these said characteristics. I/we hereby indemnify PEMI for not executing any fax or email instructions that contain illegible or incomplete data.

5. I/we undertake to keep PEMI indemnified at all times against and to save PEMI harmless from all actions, proceedings, claims, loss, damage costs and expenses which may be brought against it or suffered or incurred by it and which shall have arisen either directly or indirectly out of or in connection with its acceptance of fax/email instructions bearing the signatures of the authorized signatories and acting thereon.

6. I/we undertake to send to PEMI the original documents and duly accomplished transaction forms within two (2) weeks from the date of the transaction

7. I understand that, prior to acting on any fax/email instructions, PEMI reserves the right to require additional documents and/or original letters of instruction for some transactions, as determined appropriate by its Operations Group or as required by legislation and/or regulatory bodies