SEP Application and Forms (PDF) - Invesco · SEP IRA Account Type (Select only one. If no account type is selected, a SEP IRA will be established.) SEP IRA SARSEP IRA (Plan must have

Invesco SEP PlanApplication and Forms

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How to Set Up your Invesco SEP Plan

Instructions for business owners:

• Step1 Complete the Simplified Employee Pension Plan Adoption Agreement (pages 15 and 16) and save it in your files.

• Step2 Distribute this booklet, the Invesco SEP Plan Employee Guide, and a copy of the completed adoption agreement to each employee. Instruct employees to read and retain each document.

• Step3 Have each employee complete a SEP IRA Application (pages 1 to 7) and return it to you.

• Step4 Complete the SEP IRA Transmittal Form (pages 9 and 10) or create a spreadsheet that contains the same information. Make a copy for your files. Please note that you must resubmit a copy of the transmittal form with all future contributions.

• Step5 Send the transmittal form or spreadsheet, all completed SEP IRA applications and a check made payable to INTC (Invesco National Trust Company) to:

(Direct Mail) (Overnight Mail)Invesco Investment Services, Inc. Invesco Investment Services, Inc.P.O. Box 219078 c/o DST Systems, Inc.Kansas City, MO 64121-9078 430 W. 7th Street Kansas City, MO 64105-1407

For assistance, call Invesco Client Services at 800 959 4246.

Instructions for employees:

• Step1 Read and retain the plan document (pages 17 to 20), custodial agreement (pages 21 to 23) and disclosure statement (pages 25 to 27).

• Step2 Read and retain the Invesco SEP Plan Employee Guide and Simplified Employee Pension Plan Adoption Agreement provided by your employer.

• Step3 Complete the SEP IRA Application (pages 1 to 7). Make a copy for your files and return the original to your employer.

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SEP IRA ApplicationUse this form to establish a SEP IRA with Invesco Investment Services (IIS). Minors may not open an Invesco IRA.

IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT: Federal law mandates that all financial institutions obtain, verifyand record information identifying each person who opens a new account. Please verify the following information is accurate:name, Social Security number, date of birth and physical residential address. If you fail to provide the requested informationand/or if any of the information cannot be confirmed, Invesco reserves the right to redeem the account. All information providedis kept confidential as detailed in the Invesco Privacy Policy, which is printed on page 2.

PLEASE USE BLUE OR BLACK INK PLEASE PRINT CLEARLY IN BLOCK CAPITAL LETTERS

SEP IRA Account Type (Select only one. If no account type is selected, a SEP IRA will be established.)

� SEP IRA � SARSEP IRA (Plan must have been established prior to 1997.)

Participant Information

Participant’s Full Name

Social Security Number (Required) Date of Birth (Required) (mm/dd/yyyy)

Mailing Address (Account statements and confirmations will be mailed to this address.)

City State ZIP

Daytime Phone Number Evening Phone Number

Residential Address (Required if different than your mailing address or if a P.O. Box was given above.)

City State ZIP

Employer Information

Employer Name Existing Invesco Plan ID (If applicable)

Contact’s Full Name

Employer’s Street Address

City State ZIP

Employer’s Phone Number Employer’s Tax Identification Number

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PLEASE PRINT CLEARLY IN BLOCK CAPITAL LETTERS

Investment Selection (Please refer to the list of funds in section 13.)PLEASE INDICATE FUND(S) AND INVESTMENT AMOUNT(S). PLEASE MAKE CHECK PAYABLE TO INTC (INVESCO NATIONAL TRUST COMPANY). Invesco does NOTaccept the following types of payments: cash, credit card checks and third party checks. We also reserve the right to reject at our sole discretion payment by temporary/starter checks.PLEASE SELECT ONE SHARE CLASS PER FUND. (If no fund is selected, Cash Reserve Shares of Invesco Money Market Fund will be purchased. If no class of shares is selected,Class A shares will be purchased.)

� I am transferring or rolling over assets from another custodian. � I am transferring or rolling over assets from another retirement plan held at Invesco (For employersponsored plans please contact your employer to verify if additional signatures are required.)

� I have enclosed a check in the amount listed below. � I purchased shares through my financial advisor (As detailed in section 6.)Please include confirmation numbers for each purchase below on separate cover.

� I will wire money from my bank account to IIS. Please call me at to confirm my account number.

Fund Number Fund Name Class of Shares Amount

____________________________________________ $ ______________________________________________

____________________________________________ $ ______________________________________________

____________________________________________ $ ______________________________________________

____________________________________________ $ ______________________________________________

____________________________________________ $ ______________________________________________

____________________________________________ $ ______________________________________________

____________________________________________ $ ______________________________________________

Initial Purchase Total* $ ______________________________________________*Your initial purchase should equal the amount enclosed

� Please use these allocations for all future investments until further notice.

Invesco Privacy Policy

We are always aware that when you invest in a fund advised by Invesco, you entrust us with more than your money.

You also share personal and financial information with us that is necessary for your transactions and your account records. We take very seriouslythe obligation to keep that information confidential and private.

Invesco collects nonpublic personal information about you from account applications or other forms you complete and from your transactions withus or our affiliates. We do not disclose information about you or our former customers to service providers or other third parties except to theextent necessary to service your account and in other limited circumstances as permitted by law. For example, we use this information to facilitatethe delivery of transaction confirmations, financial reports, prospectuses and tax forms.

Even within Invesco, only people involved in the servicing of your accounts and compliance monitoring have access to your information.

To ensure the highest level of confidentiality and security, Invesco maintains physical, electronic and procedural safeguards that meet or exceed federal standards. Special measures, such as data encryption and authentication, apply to your communications with us on our website —invesco.com/us. More detail is available to you at that site.

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Telephone Transaction Options (Automatically applies unless declined below.)

TELEPHONE EXCHANGE � I DO NOT authorize telephone exchange.

TELEPHONE REDEMPTION � I DO NOT authorize telephone redemption.

Bank Name

Name(s) on Bank Account

Account Type: � Checking � Savings

Important: A voided check taped above is required to establish bank account information. A checking account deposit slip or temporary check is not acceptable.

Financial Advisor/Dealer Information (To be completed by your financial advisor.)We hereby authorize Invesco Investment Services, Inc. to act as our agent in connection with transactions authorized by this account application and agree to notify IIS of any purchasemade under a letter of intent or rights of accumulation. If the account application includes a telephone exchange privilege authorization or a telephone redemption privilege authorization,we guarantee the signature on this account application.

Name of Broker / Dealer Firm Invesco Dealer Number (If known)

Financial Advisor’s Name Financial Advisor’s Number

Financial Advisor’s Branch Address Branch Number

City State ZIP

Financial Advisor’s Phone Number

Authorized Signature of Dealer

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Name_________________________

_________________________

$

Please tape your voided check here.

Pay to the order of

Routing Number Account Number


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Beneficiary Information

Please read the information below prior to completing this section. The total percentage for primary designations must equal 100%. The total percentage for contingent beneficiary designa-tions, if any, must equal 100%. We recommend that you speak to a tax or financial advisor prior to designating or modifying your beneficiary(ies) for your account.• I hereby designate the following beneficiary(ies) to receive any assets remaining in my account upon my death, based on the percentage allocations provided below.• If no primary beneficiary(ies) survives me, any remaining assets in my account shall be distributed to the contingent beneficiary(ies).• If no indication is made as to whether the beneficiary is primary or contingent, such beneficiary will be deemed as primary beneficiary(ies).• If no percentage allocation is provided for the primary beneficiary(ies) listed below, any remaining assets in my account shall be distributed to the primary beneficiary(ies) in equal amounts.• If no percentage allocation is provided for the contingent beneficiary(ies) listed below and no primary beneficiary(ies) survives me, any remaining assets in my account shall be distrib-

uted to the contingent beneficiary(ies) in equal amounts.• If no primary or contingent beneficiary designation is in effect at the time of my death, or if all primary or contingent beneficiary(ies) have pre-deceased me, then my beneficiary shall

be my surviving spouse, provided; however, that if I am unmarried at the time of my death, my beneficiary shall be my estate. • The last designation received by IIS prior to my death shall be controlling, and, whether or not it fully disposes the account, shall revoke all such other designations previously made by

me and received by IIS.• This designation of beneficiary(ies) and any subsequent change in designation must be received by IIS prior to my death in order to be effective.

1. Primary Beneficiary’s Full Name Percentage

%

� SSN or � TIN (Required)

2. Beneficiary’s Full Name � Primary or � Contingent Percentage

%



%



%



%


(If you have additional beneficiaries, please attach a separate page including all of the information requested in section 7.)

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Rights of Accumulation (Cumulative Discount)

� Please aggregate the following Invesco accounts to reduce sales charge.

Account Numbers _____________________________________ _____________________________________ _____________________________________

Letter of Intent Pursuant to the fund’s current prospectus, it is my intention to invest the following amount over a 13-month period:(This option is not available for SARSEP plans.)

� $50,000 � $100,000 � $250,000 � $500,000 � $1,000,000

eDelivery ConsentSign-up to receive email notification when shareholder and fund information becomes available online instead of receiving it via U.S. mail.

Email address

Depending on when you request eDelivery of statements, you may receive your next statement via U.S. mail. You will receive email notification for all subsequent statements. If othershareholders in your household do not sign up for eDelivery, you may continue to receive these materials via U.S. mail. You may update your email address, change your eDelivery selections, or cancel this service at any time by visiting our website or calling Invesco.

By providing your email address you consent to be signed up for all Invesco's eDelivery options. If there are materials you wish to continue to receive in paper format viamail, please check the applicable boxes below to indicate which items you would not like to receive by electronic delivery:

� I DO NOT want to receive quarterly and annual statements

� I DO NOT want to receive daily transaction statements

� I DO NOT want to receive regulatory documents (prospectuses, annual and semiannual reports)

� I DO NOT want to receive tax forms

� I DO NOT want to receive news and updates

Authorization and Signature (Please sign and date below.)I hereby establish an Invesco Distributors, Inc. Individual Retirement Account appointing Invesco National Trust Company as custodian, pursuant to the terms of the applicable custodialagreement and disclosure statement and the prospectus for each of the mutual funds that I have selected as investment choices. I understand and agree that the custodian may amend thecustodial agreement by providing me written notice of any such amendment and that the mutual funds in which I invest may and will amend their prospectuses from time to time by givingme written notice of such amendments. I consent to the custodial fees specified, and I understand that a $15 maintenance fee will be deducted annually from my account if the balance ofmy account i s less than $50,000. I understand that the fee will not be deducted if the balance of my account is $50,000 or greater on the day the fee is assessed.

By selecting the box below I am certifying that I am NOT a U.S. citizen.

� I am a resident alien

REQUEST FOR TAXPAYER IDENTIFICATION NUMBER (Substitute Form W-9)Under penalties of perjury, I certify that:1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am

subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, and3. I am a U.S. person (including a U.S. resident alien).Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to reportall interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellationof debt, contributions to an individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the Certification.

MY SIGNATURE BELOW INDICATES I HAVE RECEIVED AND READ THE FUND PROSPECTUS(ES) AND AGREE TO THE TERMS THEREIN AND HEREIN.I have read and understand the foregoing Account application. In addition, I certify that the information which I have provided and the information which is included within the applicationis accurate. I have read and agree to the information listed in section 7, Beneficiary Information, and I hereby designate the beneficiary(ies) to receive any assets remaining in my account.

Unclaimed Property Notice: Please note that your property may be transferred to the appropriate state’s unclaimed property administrator if no activity occurs in the account within the time period specified by state law.

For corporations or partnerships: I hereby certify that each of the persons listed below has been duly elected, and is now legally holding the office set forth opposite his/her name and hasthe authority to make this authorization. Please print titles below if signing on behalf of a corporation or partnership to establish this account.The IRS does not require your consent to any provision of this document other than the certifications required to avoid backup withholding.

Signature (Required) Title Date (mm/dd/yyyy)

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Mailing InstructionsPlease make check payable to INTC (Invesco National Trust Company). Invesco does NOT accept the following types of payments: cash, credit card checks, and third party checks. We also reserve the right to reject at our sole discretion payment by temporary/starter checks.

Please send completed form to the address below:(Direct Mail) (Overnight Mail)Invesco Investment Services, Inc. Invesco Investment Services, Inc.P.O. Box 219078 c/o DST Systems, Inc.Kansas City, MO 64121-9078 430 W. 7th Street

Kansas City, MO 64105-1407

For additional assistance please contact an Invesco Client Services representative at 800 959 4246, weekdays, 7 a.m. to 6 p.m. Central Time.

Visit our website at invesco.com/us

The Invesco website gives you 24-hour access to your mutual fund account. By using the website, you can obtain the most up-to-date information about your account.

• Check daily and quarterly account balance • Check the current fund price, yield and total return on any fund• Confirm your account transaction history • Process transactions• View account statements and tax forms • Retrieve account forms and investor education materials• Sign up for eDelivery of quarterly statements, daily transaction statements,

prospectuses, reports and tax forms

Invesco 24-Hour Automated Investor Line 800 246 5463

The Invesco Investor Line gives you 24-hour toll-free access to your mutual fund account. By calling the Invesco Investor Line any day of the week, 24 hours a day,you can obtain the most up-to-date information about your account.

Simply dial 800 246 5463. To use the system, please have your account numbers and Social Security number handy.

• Obtain fund prices • Verify your account balance• Confirm your last three transactions • Process transactions• Order a recent account statement(s) • And more

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Share ClassA C Investor1

Target Date Fund No.Invesco Balanced-Risk Retirement Now Fund .........................1625 3625 —Invesco Balanced-Risk Retirement 2020 Fund ........................1628 3628 —Invesco Balanced-Risk Retirement 2030 Fund ........................1630 3630 —Invesco Balanced-Risk Retirement 2040 Fund ........................1632 3632 —Invesco Balanced-Risk Retirement 2050 Fund ........................1634 3634 —


Target Risk Fund No.Invesco Conservative Allocation Fund2 ........................... ........1603 3603 —Invesco Growth Allocation Fund..............................................1602 3602 —Invesco Moderate Allocation Fund ..........................................1601 3601 —


Hybrid Fund No. Invesco Balanced-Risk Allocation Fund...................................1607 3607 —Invesco Convertible Securities Fund ........................................1704 3704 —Invesco Equity and Income Fund3 ...........................................1743 3743 —


Diversified Portfolios Fund No. Invesco Income Allocation Fund .............................................1606 3606 —Invesco International Allocation Fund .....................................1605 3605 —Invesco Leaders Fund3.............................................................1761 3761 —Invesco Premium Income Fund ..............................................1644 3644 —


Domestic EquityCore Fund No.

Invesco Charter Fund ..............................................................1510 3510 —Invesco Diversified Dividend Fund ..........................................1586 3586 286Invesco Endeavor Fund ...........................................................1598 3598 ––Invesco Equally-Weighted S&P 500 Fund ................................1706 3706 —Invesco Mid Cap Core Equity Fund..........................................1546 3546 —Invesco S&P 500 Index Fund ..................................................1722 3722 —Invesco Small Cap Equity Fund................................................1532 3532 —Invesco U.S. Quantitative Core Fund4 .......................................1556 3556 256

Growth Invesco American Franchise Fund3..........................................1733 3733 —Invesco Constellation Fund......................................................1502 3502 —Invesco Dynamics Fund...........................................................1020 3020 20Invesco Mid Cap Growth Fund3 ...............................................1763 3763 —Invesco Small Cap Discovery Fund5 .........................................1769 3769 —Invesco Summit Fund..............................................................1591 3591 —

Value Invesco American Value Fund3 ................................................1734 3734 —Invesco Comstock Fund3 .........................................................1737 3737 —Invesco Growth and Income Fund3..........................................1752 3752 —Invesco Value Opportunities Fund3 ..........................................1776 3776 —


Sector Equity Fund No. Invesco Balanced-Risk Commodity Strategy Fund....................1611 3611 —Invesco Energy Fund ...............................................................1050 3050 50Invesco Global Health Care Fund ............................................1551 3551 251Invesco Global Real Estate Fund..............................................1621 3621 —Invesco Global Real Estate Income Fund.................................1540 3540 —Invesco Gold & Precious Metals Fund .....................................1051 3051 51Invesco Leisure Fund ..............................................................1053 3053 53Invesco Real Estate Fund.........................................................1525 3525 225Invesco Technology Fund ........................................................1055 3055 55Invesco Utilities Fund ..............................................................1058 3058 58


International/Global/Regional Equity Fund No. Invesco Asia Pacific Growth Fund............................................1531 3531 —Invesco China Fund.................................................................1554 3554 —Invesco Emerging Markets Equity Fund...................................1627 3627 —Invesco European Growth Fund ..............................................1530 3530 230Invesco European Small Company Fund..................................1527 3527 —Invesco Global Core Equity Fund.............................................1513 3513 —Invesco Global Growth Fund ...................................................1582 3582 —Invesco Global Opportunities Fund .........................................1645 3645 —Invesco Global Quantitative Core Fund4 ...................................1584 3584 —Invesco Global Small & Mid Cap Growth Fund ........................1581 3581 —Invesco International Core Equity Fund...................................1009 3009 9Invesco International Growth Fund .........................................1516 3516 —Invesco Pacific Growth Fund ...................................................1720 3720 —Invesco Select Opportunities Fund ..........................................1646 3646 —


Fixed Income Fund No.Invesco Core Plus Bond Fund .................................................1541 3541 —Invesco Corporate Bond Fund3................................................1740 3740 —Invesco Emerging Market Local Currency Debt Fund..............1544 3544 —Invesco Floating Rate Fund......................................................1595 3595 —Invesco High Yield Fund..........................................................1575 3575 275Invesco High Yield Securities Fund .........................................1713 3713 —Invesco International Total Return Fund .................................1552 3552 —Invesco Limited Maturity Treasury Fund..................................4923 — —Invesco Short Term Bond Fund...............................................1524 3524 —Invesco U.S. Government Fund................................................1560 3560 260Invesco U.S. Mortgage Fund3 ...................................................1774 3774 —


Money Market Fund No.Invesco Cash Reserve Shares6..................................................1521 — —Invesco Money Market Fund .....................................................— 3521 221

List of Available Investments

1Investor Class shares are closed to most investors. Investors should contact their financial advisor about other share classes. 2On Dec. 14, 2011, Invesco Moderately ConservativeAllocation Fund became Invesco Conservative Allocation Fund. 3On Sept. 24, 2012, Van Kampen was removed from these fund names. 4On March 1, 2012, Invesco Global EquityFund was renamed Invesco Global Quantitative Core Fund and Invesco Structured Core Fund was renamed Invesco U.S. Quantitative Core Fund. 5On Sept. 24, 2012, Invesco VanKampen Small Cap Growth Fund was renamed Invesco Small Cap Discovery Fund. 6Special class of Invesco Money Market Fund.

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SEP IRA Transmittal FormUse this to submit SEP contributions.• Additional copies may be obtained at invesco.com/us.• For employer use only.• For each participant, please list each fund and the dollar amount to be invested in that fund separately.• Please include a SEP IRA application for each new participant.


Employer Information

Employer’s Name

Contact’s Full Name

Employer’s Street Address

City State ZIP

Phone Number Group Number

Employer’s Authorization

We hereby authorize Invesco National Trust Company to invest contributions in accordance with the instructions below.

Name of SEP IRAParticipant Account Number Fund Contribution

1. ______________________________________ ________________________ 1 ________________________ $ _____________________

2 ________________________ $ _____________________

3 ________________________ $ _____________________

4 ________________________ $ _____________________

2. ______________________________________ ________________________ 1 ________________________ $ _____________________

2 ________________________ $ _____________________

3 ________________________ $ _____________________

4 ________________________ $ _____________________

3. ______________________________________ ________________________ 1 ________________________ $ _____________________

2 ________________________ $ _____________________

3 ________________________ $ _____________________

4 ________________________ $ _____________________

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Name of SEP IRAParticipant Account Number Fund Contribution

4. ______________________________________ ________________________ 1 ________________________ $ _____________________

2 ________________________ $ _____________________

3 ________________________ $ _____________________

4 ________________________ $ _____________________

5. ______________________________________ ________________________ 1 ________________________ $ _____________________

2 ________________________ $ _____________________

3 ________________________ $ _____________________

4 ________________________ $ _____________________

6. ______________________________________ ________________________ 1 ________________________ $ _____________________

2 ________________________ $ _____________________

3 ________________________ $ _____________________

4 ________________________ $ _____________________

Total Employer Contributions $ _____________________

� Please use these allocations for all future investments until further notice.

Mailing InstructionsPlease make check payable to INTC (Invesco National Trust Company). Invesco does NOT accept the following types of payments: cash, credit card checks and third party checks. We also reserve the right to reject at our sole discretion payment by temporary/starter checks.









The Invesco Investor Line gives you 24-hour toll-free access to your mutual fund account. By calling the Invesco Investor Line any day of the week, 24 hours a day, you canobtain the most up-to-date information about your account.



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Retirement Account Transfer/Rollover FormUse this form to transfer or roll over retirement assets to an Invesco Traditional IRA, Invesco Rollover IRA, Invesco Roth IRA, Invesco SIMPLE IRA, Invesco SEP IRA or Invesco SARSEP IRA.This form may also be used to:• Transfer assets from an existing Decedent/Beneficiary IRA to an Invesco Decedent/Beneficiary IRA.• Roll over assets from a designated Roth account of a retirement plan to an Invesco Roth IRA.• Roll over assets from a qualified plan or 403(b) to an Invesco Roth IRA.Do not use this form to:• Transfer assets to an Invesco 403(b)(7) account or qualified plan.• Transfer assets to a Coverdell Education Savings Account. • Convert or recharacterize IRA assets. Remember to:• Include a copy of your most recent account statement from the current trustee or custodian.• Contact current trustee, custodian, or employer to ensure all necessary forms are submitted.• Sign and mail completed form along with any current trustee’s, custodian’s or employer’s required forms and a new Invesco IRA application

(if you do not already have an Invesco IRA account established) to the appropriate location as indicated in section 7.


Depositor Information

Depositor’s Full Name

Social Security Number Date of Birth (mm/dd/yyyy)

Mailing Address

City State ZIP

Daytime Phone Number Evening Phone Number

� Please also update the address on my existing account.

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ORIGINAL SIGNATURE REQUIRED

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Assets Are Moving From This Account (Required. Please attach a copy of your most recent statement.)

Name of Current Trustee/Custodian/Employer

Account Number of Current Trustee/Custodian/Employer

Street Address of Current Trustee/Custodian/Employer

City State ZIP

Attention Trustee/Custodian/Employer Phone Number

Note: Some trustees/custodians require completion of their own forms in addition to or in lieu of this form before they will transfer/roll over your assets toInvesco. To expedite the request, please contact your current trustee/custodian before submitting any paperwork to Invesco. Some trustees/custodians will requirea fee paid before transferring the assets.

� Yes, I have. � No, I have not filed the necessary completed forms with the current trustee/custodian.

Instructions to Delivering Trustee/Custodian (Please complete options A, B and C.)

A. TRANSFER/ROLLOVER ASSETS FROM MY:

� Traditional IRA � Rollover IRA � Roth IRA � SEP IRA � SARSEP IRA � SIMPLE IRA � Roth 401(k) � 401(k) � Roth 403(b) � 403(b)

� Other employer retirement plan � Decedent/Beneficiary IRA - Deceased’s Name ________________________________________________________________________

In accordance with my custodial agreement or plan document, I hereby authorize my current trustee/custodian to deduct from my account at the time of transferany outstanding fees due.

B. DISTRIBUTION REASON FOR ROLLOVER FROM QUALIFIED PLAN:

� Termination of employment � Death � Attainment of retirement age (typically 591⁄2) � Plan termination

C. DISTRIBUTIONS INSTRUCTIONS (Please select only one option.)

� OPTION 1: Transfer “in kind”—A transfer “in kind” is the movement of currently owned Invesco funds from one custodian to IIS without liquidating.PLEASE NOTE: If you do not currently own Invesco funds, then this option is not available to you. R shares cannot be held in an IRA. For shareholders of Rshares: the shares will be exchanged to A shares of the same funds at NAV to complete the rollover transaction from the qualified retirement plan to the IRA.

Please transfer “in kind” existing Invesco funds held in the account(s) listed in section 2.Amount to transfer/rollover “in kind” immediately:

� All � Transfer “in kind” ___________________ shares of Invesco ______________________________________________________________ Fund.

� OPTION 2: Liquidate—Please liquidate the account(s) listed in section 2 and issue a check payable to INTC (Invesco National Trust Company)

Amount to liquidate: � All � Partial liquidation of $ ___________________________

When to liquidate: � Immediately � At maturity (mm/dd/yyyy)*

*Please send completed paperwork to Invesco 30 days prior to maturity date. This option is not available for Transfer “in kind”.

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4 Assets Are Moving To The Following Invesco IRA Account

� Traditional � Rollover � Roth � SEP � SARSEP � SIMPLE � Decedent/Beneficiary IRA*

*If transferring assets from an existing decedent/beneficiary IRA to an existing Invesco decedent/beneficiary IRA, the inherited assets must be from the same deceased depositor.

� New Invesco Account OR � Existing Invesco Account or Plan ID

INVESTMENT ALLOCATION:Please indicate fund(s) and investment percentages, rounded to whole percentages. Total percentages MUST equal to 100%.

PLEASE NOTE: If option 1 (transfer “in kind”) in section 3 was selected, then your fund selection will remain the same. You may request an exchange separately.For SIMPLE IRA: If no fund is selected, shares of the plan's default fund will be purchased. For other IRAs: If no fund is selected, Cash Reserve Shares of Invesco Money Market Fund willbe purchased. If no class of shares is selected, Class A shares will be purchased.

Class Whole Fund Number Fund Name of Shares Percent

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

TOTAL 1 0 0Please attach an extra sheet if further allocations are necessary.

Authorization and Signature (Please sign and date below.)

To the current trustee/custodian: I have established an Individual Retirement Account with Invesco Distributors, Inc. and have appointed Invesco National Trust Company as the custodian.Please accept this as your authorization and instruction to liquidate and/or transfer “in kind” the assets noted above, which your company holds for me.

To Invesco Investment Services, Inc.: If I am 701/2 years of age or older and have begun taking my minimum required distributions from the account which is being transferred to Invesco,I understand and acknowledge that I am responsible for notifying Invesco of the existence and birth date of any spouse beneficiary which existed on my account as of my required begin-ning date, as that term is defined in Treasury Regulation 1.401(a)(9), as well as the method of calculation which I elected for determining the life expectancy over which required distri-butions are to be made from the account. Should I fail to provide this information, I understand that future calculations of my minimum required distribution amounts may result inunderpayments, which would subject me to a 50% excess accumulations penalty tax.

Signature (Required) Title Date (mm/dd/yyyy)

Note: The current trustee/custodian may require signature to be guaranteed. Call that institution for their requirements.

(Please place signature guarantee stamp here)

Signature Guarantee: Each signature must be guaranteed by a bank, broker-dealer, savings and loanassociation, credit union, national securities exchange or other “eligible guarantorinstitution” as defined in rules adopted by the Securities and ExchangeCommission. Signatures may also be guaranteed with a medallion stamp of theSTAMP program or the NYSE Medallion Signature Program, provided that theamount of the transaction does not exceed the relevant surety coverage ofthe medallion. A signature guarantee may NOT be obtained through a notary public.

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Custodian Acceptance (This section to be completed by Invesco.)

This is to advise you that Invesco National Trust Company will accept the account identified in section 2.

This transfer of assets/direct rollover is to be executed from fiduciary to fiduciary and will not place the participant in actual receipt of all or any of the plan assets. No federal income taxis to be withheld from this transfer of assets or direct rollover.

Authorized Signature

On behalf of Invesco National Trust Company

Mailing InstructionsPlease make check payable to INTC (Invesco National Trust Company). Invesco does NOT accept the following types of payments: cash, credit card checks and third party checks. We also reserve the right to reject at our sole discretion payment by temporary/starter checks.









The Invesco Investor Line gives you 24-hour toll-free access to your mutual fund account. By calling the Invesco Investor Line any day of the week, 24 hours a day,you can obtain the most up-to-date information about your account.



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AIM-FRM-22-E 09/12


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Simplified Employee Pension Plan Adoption AgreementSponsored by Invesco Distributors, Inc.Complete this form and retain with your company records.

The undersigned Employer hereby establishes a Simplified Employee Pension Plan (SEP) for the exclusive benefit of eligible Employees. The terms of the Planare set forth in this Adoption Agreement and the accompanying SEP Prototype Plan document which is incorporated herein by reference. An Employer mayadopt this Plan even if such Employer maintains another qualified defined benefit or defined contribution plan, provided that contributions are limited inaccordance with Section 415 of the Code.

Employer and Plan InformationEmployer Name: _______________________________________________________________________________________________________________

Address:_____________________________________________________________________________________________________________________Street City State ZIP Code

Tax ID Number: __________________________________________

Plan Year:The 12-consecutive month period commencing on ______________________________ and ending on ______________________________.

If applicable, the first Plan Year shall be the short period commencing on ______________________________ and ending on ______________________________.Thereafter, the Plan Year shall be the 12-month period described above. The Plan Year is limited to either the calendar year or the Employer’s tax year.

Effective Dates

(A) New Plans:This is a new Plan which is effective as of ______________________________.

(B) Amended Plans:This is an amended or restated Plan. The initial effective date of the Plan was ______________________________.

The effective date of this amended or restated Plan is ______________________________.

Eligibility Requirements

Age:

� No age requirement.

� Minimum age: _________ (Not over 21).

Service:Employees who have performed services for the Employer during at least ____________________________ of the immediately preceding 5 Plan Years.

Number of years (maximum 3)

Excluded Employees: (Check all that apply.)

� Employees whose Compensation is less than $_________________ (Cannot exceed $500, as adjusted for cost of living increases in accordance with Code§408(k)(8)) during the Plan Year.

� Employees covered by a collective bargaining agreement under which retirement plan benefits have been the subject of good faith bargaining.

� Employees who are nonresident aliens with no U.S. source earned income from the Employer which constitutes income from sources within the United States.

Employer Allocation Formula

The Employer’s contribution shall be allocated according to the following paragraph:

� Proportionate Compensation Formula: The Employer’s contribution for each Plan Year shall be allocated to the IRA of each Participant in the same proportion as suchParticipant’s Compensation bears to all Participants’ Compensation for that year.

� Integrated Contribution Formula: The Integration Level shall be equal to the Taxable Wage Base or such lesser amount elected by the Employer below. The Taxable WageBase is the contribution and benefit base in effect under §230 of the Social Security Act at the beginning of the year. The Integration Level is equal to:

� the Taxable Wage Base.

� ____________% of the Taxable Wage Base (Not to exceed 100%).

The Employer may not adopt the integrated formula if it maintains any other plan that is integrated with Social Security.

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Sponsor Information and Acceptance

This Plan may not be used and shall not be deemed to be a Prototype Plan unless an authorized representative of the Sponsor has acknowledged the use of the Plan. Suchacknowledgment that the Employer is using the Plan does not represent that the Adoption Agreement (as completed) and Plan document have been reviewed by a representativeof the Sponsor or constitute a qualified Simplified Employee Pension Plan.

Acknowledged and accepted by the Sponsor this ________ day of _____________________________, __________.

Name: ____________________________________________________________________________

Title: _____________________________________________________________________________

Signature:__________________________________________________________________________

In the event that the Sponsor amends, discontinues or abandons this Prototype Plan, notification will be provided to the Employer’s address provided on the first page of thisAdoption Agreement.

Signature (Please sign and date below and retain with your records.)

NOTE: DUE TO THE SIGNIFICANT TAX RAMIFICATIONS, THE SPONSOR RECOMMENDS THAT BEFORE AN EMPLOYER EXECUTES THIS ADOPTION AGREEMENT, AN ATTORNEY OR TAX ADVISOR SHOULD BE CONSULTED.

This Agreement and the corresponding provisions of the Plan document were adopted by the Employer the __________ day of ______________________________,

____________.

Executed for the Employer by:

Name: ____________________________________________________________________________

Title: _____________________________________________________________________________

Signature:__________________________________________________________________________

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11th October 2012

Peter S. Gallagher

Director and President, Invesco Distributors, Inc.

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Simplified Employee Pension Plan

The Sponsor hereby establishes a Prototype Plan for use, in conjunction with an InternalRevenue Service approved IRA, by Employers who wish to establish a Simplified EmployeePension Plan, commonly referred to as a “SEP”. When the Employer executes theAdoption Agreement which incorporates this document by reference, upon acceptance,the Sponsor may act as Custodian or Trustee of some or all of the IRA Accounts estab-lished by eligible Employees to receive contributions under the terms of this Plan. ThisPrototype document may not be used if the Employer has ever maintained a defined bene-fit pension plan which is now terminated. If, subsequent to adopting this Plan, any definedbenefit plan of the Employer terminates, the Employer will no longer participate in thisPrototype Plan and will be considered to have an individually designed SEP plan.

ARTICLE IDEFINITIONS

1.1 Adoption Agreement The document attached hereto by which the Employerelects to establish a Simplified Employee Pension Plan under the terms of this PrototypePlan document.

1.2 Code The Internal Revenue Code of 1986, including any amendments thereto.1.3 Compensation Compensation for the purposes of the de minimis limit of Code

§408(k)(2)(C), as adjusted pursuant to Code §415(d), shall be defined as Code§414(q)(4) compensation. For all other purposes, Compensation is defined as wages,salaries, and fees for professional services and other amounts received (without regard towhether or not an amount is paid in cash) for personal services actually rendered in thecourse of employment with the Employer maintaining the Plan to the extent that theamounts are includible in gross income [including but not limited to, commissions paidsalesmen, compensation for services on the basis of a percentage of profits, commissionson insurance premiums, tips, bonuses, fringe benefits, and reimbursements, or otherexpense allowances under a non-accountable plan, as described in income tax Regulation§1.61-2(c)].

Except where specifically stated otherwise in this SEP Plan, Compensation includes anyelective deferral described in Code §402(g)(3) made to a plan of deferred compensationwhich are not includible in the Employee’s gross income under Code §125, 132(f)(4) or457 for the taxable year in which contributed. Compensation shall exclude the following:

(a) amounts realized from the exercise of a non-qualified stock option, or whenrestricted stock (or property) held by the Employee either becomes freely trans-ferable or is no longer subject to a substantial risk of forfeiture;

(b) amounts realized from the sale, exchange or other disposition of stock acquiredunder a qualified stock option; and

(c) other amounts which received special tax benefits, such as premiums for group-term life insurance (but only to the extent the premiums are not includible in thegross income of the Employee); or contributions made by the Employer (whetheror not under a salary reduction agreement) towards the purchase of an annuitycontract described in Code §403(b) (whether or not the contributions are actuallyexcludable from the gross income of the Employee).

For any Self-Employed Individual covered under the Plan, Compensation shall meanEarned Income.

Compensation shall include only that Compensation which is actually paid or madeavailable to the Participant during the Plan Year. The annual Compensation of eachParticipant taken into account under the Plan for any year shall not exceed $200,000, asadjusted pursuant to Code §401(a)(17)(B). The dollar increase in effect on January 1 ofany calendar year is effective for Plan Years beginning in such calendar year. If a Plandetermines Compensation on a period of time that contains fewer than 12 calendarmonths, then the annual Compensation limit is an amount equal to the annualCompensation limit for the calendar year in which the Compensation period begins multiplied by the ratio obtained by dividing the number of full months in the period by 12.

1.4 Custodian An institution approved by the Internal Revenue Service named by aParticipant to hold his or her IRA Account.

1.5 Earned Income Net earnings from self-employment in the trade or business withrespect to which the Plan is established, determined without regard to items not includedin gross income and the deductions allocable to such items, provided that personal serv-ices of the individual are a material income-producing factor. Earned Income shall bereduced by contributions made by an Employer to a qualified plan to the extentdeductible under Code §404. For tax years beginning after 1989, net earnings shall bedetermined by taking into account the deduction for one-half of self-employment taxesallowed to the taxpayer under Code §164(f) to the extent deductible. Earned income mayalso be applied to Individuals, described in Code §1402(c)(6), that are members of areligious faith or sect that cannot accept public or private insurance such as SocialSecurity benefits.

1.6 Effective Date The date on which the Employer’s SEP Plan commences or anamendment becomes effective.

1.7 Employee Any person employed by the Employer (including Self-Employed

Individuals and partners), all Employees of a member of an affiliated service group [as defined in Code §414(m)], Employees of a controlled group of corporations [as defined in Code §414(b)], all Employees of any incorporated or unincorporatedtrade or business which is under common control [as defined in Code §414(c)] andleased Employees [as defined in Code §414(n)]. All such Employees shall be treated as employed by a single Employer.

1.8 Employer Any corporation, partnership, or proprietorship which adopts thisPrototype SEP Plan, including any entity which succeeds the Employer and adopts thisPlan. For the purpose of this SEP Plan, Employer shall mean the Employer that adopts thisPlan and all members of a controlled group of corporations [as defined in Code§414(b), as modified by Code §415(h)], all commonly controlled trades or businesses[as defined in Code §414(c), as modified by Code §415(h)], affiliated service groups [as defined in Code §414(m)] of which the adopting Employer is a part, or any other entityrequired to be aggregated with the Employer pursuant to regulations under Code §414(o).

1.9 Integration Level The Taxable Wage Base or such lesser amount set by theEmployer in the SEP Adoption Agreement.

1.10 IRA An Individual Retirement Account (“IRA”) must be used in conjunction witha Simplified Employee Pension Plan as the recipient of an Employer’s contribution for thebenefit of a participating Employee. This Plan must be used with an Internal RevenueService model traditional Individual Retirement Account or an Internal Revenue Serviceapproved master or prototype traditional IRA document.

1.11 Key Employee Any Employee, former Employee and the beneficiaries of theseEmployees who at any time during the preceding Plan Year, was:

(a) an officer of the Employer with Compensation in excess of $130,000 [as adjustedunder Code §416(i)(1)(A)(i)];

(b) a 5% owner of the Employer as defined in Code §416(i)(1)(B)(i)(ii); or(c) a 1% owner of the Employer as defined in Code §416(i)(1)(B)(ii)(iii) with

Compensation in excess of $150,000.Employees failing to meet any of the criteria above shall be deemed to be Non-Key

Employees.1.12 Owner-Employee A sole proprietor or partner owning more than 10% of either

the capital or profits interest of the partnership.1.13 Participant Any Employee of the Employer who is eligible to participate in the

Plan, or on whose behalf contributions are made to the Plan.1.14 Plan The Simplified Employee Pension Plan as contained in this document.1.15 Plan Administrator The Employer or its appointee is the Plan’s named fiduciary

and Plan Administrator.1.16 Plan Year The 12-consecutive month period designated by the Employer in the

Adoption Agreement.1.17 Self-Employed Individual An individual who has Earned Income for the taxable

year from the trade or business for which the Plan is established including an individualwho would have had Earned Income but for the fact that the trade or business had no netprofits for the Taxable Year.

1.18 Sponsor The institution and any successor thereto, including by merger oracquisition, who makes available this document to adopting Employers.

1.19 Taxable Wage Base The maximum amount of earnings which may be consid-ered wages at the beginning of the Plan Year under Section 230 of the Social Security Act.

1.20 Tax Year The tax year of a Participant for Federal income tax purposes.1.21 Traditional IRA An Individual Retirement Account, or Individual Retirement

Annuity described in Code §408(a) or (b) respectively.1.22 Trustee An approved institution named by a Participant to hold his or her IRA

Account.

ARTICLE IIELIGIBILITY REQUIREMENTS

2.1 Eligibility To Participate Each Employee of the Employer shall become aParticipant under the Plan as of the first day of the Plan Year during which such Employeesatisfies the eligibility requirements selected by the Employer in the Adoption Agreement.A former Participant shall again become a Participant immediately upon returning to theemploy of the Employer.

2.2 Maximum Age The Plan shall not exclude Employees who have attained age 701⁄2,provided such Employees meet the eligibility requirements elected in the AdoptionAgreement.

2.3 Service Service is any work performed for the Employer for any period of time,however short.

2.4 Employment Rights Participation in the Plan shall not confer upon a Participantany employment rights, nor shall it interfere with the Employer’s right to terminate theemployment of any Employee at any time.

2.5 Withdrawal Of Contributions Participation in the Plan shall not be terminated,suspended, or in any way affected, if a Participant withdraws all or any part of his or her

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Employer contributions from their IRA. Any amount withdrawn from a Participant’s IRA isincludible in income unless rolled over into an IRA. If withdrawals occur prior to theParticipant attaining age 591⁄2, they may be subject to a tax on early withdrawal. This Planshall not impose any prohibition on a Participant’s right to make withdrawals from his orher IRA. The Employer shall not condition any contribution pursuant to paragraph 3.3 ofthis Plan on an Employee’s maintenance of any percentage of the contributions in theEmployee’s IRA(s).

2.6 Rollover Or Transfer To Another IRA A Participant may withdraw or receivefunds from their SEP-IRA if within 60 days of receipt, these funds are placed in anotherIRA or SEP-IRA. This is called a “rollover” and can be done without penalty only once inany 1-year period.

There are no restrictions on the number of times a Participant may make “transfers”so long as the funds are arranged to be transferred between trustees or custodians so thatthe Participant never has possession or constructive receipt of the IRA funds.

2.7 Leased Employees Any leased Employee shall be treated as an Employee of therecipient Employer. However, contributions or benefits provided by the leasing organiza-tion which are attributable to services performed for the recipient Employer shall be treat-ed as provided by the recipient Employer. The first sentence shall not apply to any LeasedEmployee if such Employee is covered by a money purchase pension plan providing:

(a) a non-integrated Employer contribution rate of at least 10% of Compensation,(b) immediate participation, and(c) full and immediate vesting.For the purpose of this paragraph, the term “Leased Employee” means any person

(other than an Employee of the recipient) who, pursuant to an agreement between therecipient and any other person (“leasing organization”), has performed services for therecipient [or for the Employer and related persons determined in accordance with Code§414(n)(6)] on a substantially full-time basis for a period of at least one year and suchservices are of a type historically performed by Employees in the business field of therecipient Employer. The exemption from this provision does not apply if the Employerleases more than 20% of its Non-Highly Compensated Employees as defined in Code§414(n)(5)(A)(ii) and the Regulations thereunder.

2.8 SEP Participation The Employer must require all eligible Employees to partici-pate as a condition of employment. If any Participant does not participate, all otherEmployees of the Employer may be prohibited from participating. If one or more eligibleEmployees do not participate and the Employer tries to establish a SEP for the remainingEmployees, it may cause adverse tax consequences for the participating Employees.

ARTICLE IIICONTRIBUTIONS

3.1 Amount The Employer shall determine the amount of its contribution, if any, foreach Plan Year and advise the Participants in writing of the contribution, if any, by thelater of January 31 following the end of the Plan Year or 30 days after the contribution ismade. The actual contribution for a Plan Year shall be made during the Plan Year or afterthe close of the Plan Year but not later than the due date for filing the Employer’s incometax return, including extensions. The Employer’s contribution shall be discretionary andthe Employer shall be under no obligation to contribute on an annual basis.

3.2 Limitations On Allocations The Employer’s contribution when allocated to eligible Participants for any Plan Year shall not exceed the lesser of 25% of eachParticipant’s Compensation up to the Compensation limit established in Code§401(a)(17) or $40,000, as adjusted pursuant to Code §415(d).

For purposes of the 25% limitation described in the preceding sentence, aParticipant’s Compensation does not include any elective deferrals described in Code§402(g)(3) or any amount that is contributed by the Employer at the election of theEmployee and that is not includible in the gross income of the Employee under Code§§125, 132(f)(4) or 457.

3.3 Allocation Formulas The Employer’s contribution shall be allocated to the IRA ofeach eligible Participant in accordance with one of the formulas set forth below and as elect-ed on the Adoption Agreement. Employees and former Employees employed by the Employerat any time during the Plan Year, who met the eligibility requirements at any time during thePlan Year, shall share in the Employer’s contribution for such Plan Year, even though nolonger employed. The Employer’s contribution shall automatically be allocated in accordancewith paragraph (a) below unless paragraph (b) is selected in the Adoption Agreement.

(a) Proportionate Compensation Formula The Employer’s contribution for eachPlan Year shall be allocated to the IRA of each Participant in the same proportionas such Participant’s Compensation bears to all Participants’ Compensation for thatyear. Such contribution will be subject to the limitations described at paragraph3.2 above.

(b) Discretionary Integrated Contribution Formula Employer contributions forthe Plan Year will be allocated to each Participant’s account under the followingformula:

STEP ONE: To the extent that contributions are sufficient, contributions will be allocat-ed to each Participant’s account in the ratio that each Participant’s total Compensationbears to all Participants’ total Compensation, but not in excess of 3% of each Participant’sCompensation.

STEP TWO: Any contributions remaining after the allocation in Step One will be allocatedto each Participant’s account in the ratio that each Participant’s Compensation for the PlanYear in excess of the Integration Level (commonly referred to as Excess Compensation)bears to the Excess Compensation of all Participants, but not in excess of 3%. Participants

who have not received Excess Compensation during the Plan Year are not considered in thispart of the allocation.

STEP THREE: Any contributions remaining after the allocation in Step Two will be allocated to each Participant’s account in the ratio that the sum of each Participant’s totalCompensation plus Excess Compensation bears to the sum of all Participants totalCompensation plus Excess Compensation, but not in excess of the Integration Level.

The Integration Level shall be equal to the Taxable Wage Base or such lesser amountelected by the Employer in the Adoption Agreement. The Taxable Wage Base is the contri-bution and benefit base in effect under §230 of the Social Security Act at the beginning ofthe Plan Year.

The Integration Level is equal to the lesser of:(a) 2.7%, or(b) The applicable percentage determined in accordance with the table below;If the Integration Level:

the applicableis more than but not more than percentage is:

$0 X* 2.7%X* 80% of TWB 1.3%

80% of TWB Y** 2.4%

*X = the greater of $10,000 or 20% of the TWB.**Y = any amount more than 80% of the TWB but less than 100% of the TWB.If the Integration Level used is equal to the Taxable Wage Base, the applicablepercentage is 2.7%.

STEP FOUR: Any remaining Employer contributions will be allocated to eachParticipant’s account in the ratio that each Participant’s total Compensation for the PlanYear bears to all Participants’ total Compensation for that Year.NOTE: For purposes of the above allocation, only the amount as set forth at paragraph1.3 of an eligible Employee’s Compensation can be used. In no event can the amountallocated to each eligible Employee’s IRA exceed the lesser of 25% of Compensation or$40,000, as adjusted pursuant to Code §415(d). For purposes of the 25% limitationdescribed in the preceding sentence, a Participant’s Compensation does not include anyelective deferral described in Code §402(g)(3) or any amount that is contributed by theEmployer at the election of the Employee and that is not includible in the gross income ofthe Employee under Code §125, 132(f)(4) or 457.NOTE : If the Plan is not Top-Heavy or if the Top-Heavy minimum contribution or benefitis provided under another Plan covering the same Employees, STEPS ONE and TWOabove may be disregarded and 5.7%, 5.4% and 4.3% may be substituted for 2.7%, 2.4%or 1.3% where it appears in STEP THREE above.

3.4 Responsibility For Contributions The Sponsor, Custodian and/or Trustee shallnot be required to determine if the Employer has made a contribution or if the amountcontributed is in accordance with the Adoption Agreement or the Code. The Employershall have sole responsibility in this regard.

3.5 IRA Contributions In addition to any SEP contributions made on their behalf, aParticipant may contribute the lesser of Maximum Annual Contribution or 100% of theirCompensation to an IRA. The amount of any Participant’s contribution that may bededucted on their income tax return is subject to various income limitations.

ARTICLE IVPARTICIPANT ACCOUNTS

4.1 Individual Retirement Account Each Employee, upon becoming a Participantunder the Plan, shall establish a Traditional IRA in accordance with rules and regulationsestablished by agreement between the Sponsor and the Employer. If the Sponsor is not theCustodian or Trustee, the Employee shall furnish an account number(s) to the Employer certifying the existence of such traditional IRA.

4.2 Determination Of Deposit When making a contribution under the Plan, theEmployer shall calculate each Participant’s proportionate share of the Employer’s contri-bution as determined in the Adoption Agreement. The Employer shall then deliver thecontribution to each Custodian/Trustee indicating the amount to be credited to eachParticipant’s Traditional IRA account.

4.3 Control Of Account All contributions made under the Plan by the Employershall be irrevocable. After allocation to a Participant’s traditional IRA, the Employer shallhave no further control of such contribution and the terms of the Participant’s TraditionalIRA shall be fully effective.

4.4 Disclosure Requirements The financial institution where the Participant’sTraditional IRA is maintained must provide the Participant with a disclosure statementthat contains the following information in plain, nontechnical language:

(a) The law that relates to the Traditional IRA.(b) The tax consequences of various options under the Traditional IRA.(c) Participation eligibility rules, and rules on the deductibility of retirement savings.(d) Situations for revoking the traditional IRA; including the name, address and tele-

phone number of the person designated to receive notice of revocation. This infor-mation must be clearly displayed at the beginning of the disclosure statement.

(e) A discussion of the penalties that may be assessed because of prohibited activitiesconcerning the Participant’s traditional IRA.

(f) If guaranteed investments are made available by the financial institution where theParticipant’s Traditional IRA is maintained, financial disclosure will be providedincluding the following information:

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(1) A projection of the value growth rates of the Participant’s traditional IRAunder various contribution and retirement schedules, or a description of themethod of determining annual earnings and charges that may be assessed.

(2) A description of whether and for when, the growth projections are guaran-teed, or a statement of the earnings rate and the terms on which the projec-tions are based.

(3) A statement of the sales commission for each year expressed as a percentageof $1,000.

The financial institution must provide the Participant with a financial statement eachyear. The Participant should be advised to retain these statements to evaluate the IRA’sinvestment performance and to report IRA distributions for tax purposes.

ARTICLE VTOP-HEAVY RULES

5.1 Top-Heavy Minimum Contribution For each Plan Year for which the Plan isTop Heavy under Code §416, each Non-Key Employee shall receive an allocation ofEmployer contributions equal to the lesser of 3% of Compensation or a percentage ofsuch Compensation equal to the percentage of Compensation at which Employer contri-butions are allocated to the Key Employee receiving the highest percentage allocation.The Top-Heavy minimum contribution shall be satisfied under this Plan unless theEmployer designates another plan in the Adoption Agreement.

5.2 Top-Heavy Determination This Plan is Top-Heavy for a Plan Year if, as of thelast day of the preceding Plan Year (or current Plan Year if this is the first year of thePlan) the total contributions made on behalf of Key Employees for all years this Plan hasbeen in existence exceeds 60% of such contributions for all Employees who were eligibleto participate. If the Employer maintains (or maintained within the preceding Plan Year)any other SEP or plan in which a Key Employee participates (or participated), the contri-butions, account balances or accrued benefits, whichever is applicable, must be aggregat-ed with the contributions made to this Plan. The contributions (and account balances andpresent value of accrued benefits, if applicable) of an Employee who ceases to be a KeyEmployee or of an individual who has not performed services for the Employer in thepreceding Plan Year shall be disregarded. The identification of Key Employees and theTop-Heavy calculation shall be determined in accordance with Code §416 and any guid-ance issued thereunder.

ARTICLE VIADMINISTRATION

6.1 Plan Administrator The Employer shall be the Plan’s named fiduciary and shallserve as Plan Administrator. As Plan Administrator, the Employer shall:

(a) carry out the provisions of the Plan including determining eligibility of Employees,allocating contributions, and interpreting the Plan when necessary,

(b) deliver all contributions to each Custodian/Trustee showing the amount to be allocated to each Participant’s IRA,

(c) communicate with Employees regarding their participation and benefits under thePlan,

(d) advise Employees in writing of all Employer contributions to their IRA, (e) perform any other duties required of the Plan Administrator, and(f) insure that no contribution is greater than the lesser of the fixed dollar limitation

of Code §415(c)(1)(A) or 25% of Compensation limited by Code §401(a)(17),as adjusted pursuant to Code §415(d).

6.2 Custodian/Trustee A Custodian/Trustee shall be depository for the individual’straditional IRA established by Plan Participants. As depository, each Custodian/Trusteeshall:

(a) accept contributions transmitted by the Employer. A Custodian/Trustee need notverify the amount of the Employer’s contribution or the amounts allocated to individual’s Traditional IRA; and

(b) administer each individual Traditional IRA in accordance with the provisions ofthe Custodian’s/Trustee’s Traditional IRA document.

(c) preparing any reports that may be required of the Custodian/Trustee by theInternal Revenue Service or by any governmental unit or agency having authorityto request reports.

6.3 Tax Credit For Retirement Plan Expenses Any qualified employer that adoptsa new SEP Plan in tax years beginning after December 31, 2001, can generally claim anincome tax credit for fifty percent (50%) of the first $1,000 in administrative and retire-ment education expenses for the first three years of the SEP Plan. The credit is availableonly to employers that did not have more than one hundred (100) employees with com-pensation in excess of $5,000 during the previous tax year. The Employer must have had atleast one non-highly compensated employee. The credit is taken as a general businesscredit on the employer’s tax return. The other fifty percent (50%) of the expenses may betaken as a business deduction. The expenses must be paid or incurred in taxable yearsbeginning after 2001 and with respect to SEP plans established after 2001.

6.4 Resignation And Removal Of Custodian/Trustee Upon thirty (30) days writtennotice to the Custodian/Trustee, the Employer or Participant (and after his or her’s death,such Participant’s Beneficiary) may remove the Custodian/Trustee from the Plan or IRA (orsuch Beneficiary’s account) as the case may be at anytime. The Custodian/Trustee mayresign from the Plan or any IRA or any share thereof at any time by thirty (30) day’s priorwritten notice to the Employer or Participant, or if the Participant is not then living, to theBeneficiary of the Participant’s IRA account. In the event that the Employer, Participant or

Beneficiary fails to name a successor Trustee or Custodian the Trustee/Custodian in its discretion, may distribute all or a portion of the account or name a successorCustodian/Trustee. Any successor Custodian/Trustee shall be a bank as defined in Code §408(n) or a entity who has pursuant to Code §408(a)(2), demonstrated to the commissioner of the Internal Revenue Service that such entity is qualified to act asCustodian of IRAs.

6.5 Appointment Of Successor Custodian/Trustee In the event of the removal(including the removal as may be required by the Commissioner of the Internal Revenue)or resignation of the Custodian/Trustee of the Plan or any IRA Custodian or Trustee of anyParticipant’s IRA of a written instrument appointing the successor and a written instru-ment of acceptance executed by such successor. The Custodian shall appoint a successorCustodian or Trustee of the Plan or IRA(s) if the Custodian receives notice from theCommissioner of the Internal Revenue that such substitution is required because theCustodian has failed to comply with the requirements of Regulation §1.408-2(e) and theEmployer or the Participant or if applicable his or her Beneficiary or such share thereofshall be appointed by the Employer or Participant if living has not appointed a successorCustodian/Trustee of the Plan or IRA Account as applicable. Any successor Custodianshall be a bank as defined in Code §408(n) or an entity who has, pursuant to Code§408(a)(2), demonstrated to the Commissioner of the Internal Revenue that such entityis qualified to act as a Custodian of Individual Retirement Accounts.

6.6 Powers Of Successor Custodian/Trustee Each successor Custodian/Trusteeshall have the same rights, titles, powers, duties, discretion and immunities and otherwisebe in the same position as an originally named Custodian/Trustee. No successorCustodian/Trustee shall be personally liable for any act or failure to act of a predecessorCustodian/Trustee, with the approval of the party appointing a successorCustodian/Trustee, the latter may accept the Participant’s account furnished and the prop-erty delivered by or for a predecessor Custodian/Trustee without liability for so doing andsuch acceptance shall be a full and complete discharge to the predecessorCustodian/Trustee.

ARTICLE VIIAMENDMENT AND TERMINATION

7.1 Amendment By Sponsor The Sponsor may amend or terminate any or all provi-sions of this Prototype Plan at any time without obtaining the approval or consent of anyEmployer or Participant, provided that no amendment shall authorize or permit any partof an Employer’s contribution to be used for or diverted to purposes other than for theexclusive benefit of Participants. The Sponsor will inform each adopting Employer of anyamendments to or termination of the Prototype SEP.

7.2 Qualification Of Prototype The Sponsor intends that this Plan will meet therequirements of Code §408(k) and the Regulations thereunder as a qualified SimplifiedEmployee Pension Plan. Should the Commissioner of Internal Revenue or any delegate ofthe Commissioner at any time determine that the Plan fails to meet the requirements ofsaid Code §408(k), the Sponsor will amend the Plan so as to maintain its qualified status.

7.3 Amendment By Employer The Employer may amend any provision selected inthe Adoption Agreement provided that no amendment shall authorize or permit any partof the Employer’s contribution to be used for or diverted to purposes other than for theexclusive benefit of Participants. If the Employer amends the Adoption Agreement otherthan within the available provisions, the Employer may no longer participate in thisPrototype Plan.

7.4 Termination The Employer may terminate its Plan at any time by filing writtennotice with the Sponsor. In such event, the Custodian/Trustee shall continue to administerthe individual account as provided under the IRA document(s). The Sponsor may alsoterminate this SEP Prototype upon sixty (60) days written notice to the Employer.

7.5 Sunset Provisions Plan amendments made to comply with the EconomicGrowth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), including, without limita-tion, amendments made to the contribution limits and rollover rules, are subject to thesunset provisions of EGTRRA §901. Under the sunset provision, the provisions of EGTRRAshall not apply to taxable or plan years beginning after December 31, 2010. With respectto taxable and plan years beginning after December 31, 2010, the Code shall be appliedand administered as if EGTRRA had never been enacted. In such cases, the terms andconditions of the Plan shall revert to those terms and conditions that would have been ineffect had the Plan not been amended as January 1, 2002.

ARTICLE VIIIGOVERNING LAW

The Employer’s Plan shall be administered in accordance with this document and theaccompanying Adoption Agreement. The general rules and regulations governingIndividual Retirement Accounts are governed by the Internal Revenue Code and theRegulations issued thereunder. The construction, validity and administration of the SEPPrototype Plan, and any Employer Plan as embodied in this document and accompanyingAdoption Agreement, shall be governed by the Code and the Regulations issued thereun-der. Where there are no applicable Federal rules, the laws of the State or Commonwealthin which the principal office of the Sponsor is located shall apply.

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Invesco Distributors, Inc.11 Greenway Plaza, Suite 100Houston, TX 77046

21

The Depositor is establishing a traditional individual retirement account (the “Account”)under section 408(a) of the Internal Revenue Code of 1986, as amended (the “Code”), to provide for his or her retirement and for the support of his or her beneficiaries afterdeath. Invesco National Trust Company (the “Custodian”) has given the Depositor the disclosure statement required by Regulations section 1.408-6. The Depositor and theCustodian make the following agreement (this “Agreement”):

ARTICLE IExcept in the case of a rollover contribution described in section 402(c), 403(a)(4),403(b)(8), 408(d)(3), or 457(e)(16) of the Code, an employer contribution to a simplified employee pension plan as described in section 408(k), or a recharacterizedcontribution described in section 408A(d)(6), the Custodian will accept only cash contributions up to $4,000 for tax years 2005 through 2007 and $5,000 for 2008 andthereafter. For individuals who have reached the age of 50 before the close of the tax year, the contribution limit is increased to $5,000 for 2007, and $6,000 for 2008 andthereafter. For tax years after 2008, the above limits will be increased to reflect a cost-of-living adjustment, if any.

ARTICLE IIThe Depositor’s interest in the balance in the Account is nonforfeitable.

ARTICLE III1. No part of the Account may be invested in life insurance contracts, nor may the assets

of the Account be commingled with other property except in a common trust fund orcommon investment fund (within the meaning of section 408(a)(5)).

2. No part of the Account may be invested in collectibles (within the meaning of section408(m)) except as otherwise permitted by section 408(m)(3), which provides anexception for certain gold, silver, and platinum coins, coins issued under the laws ofany state, and certain bullion.

ARTICLE IV1. Notwithstanding any provision of this Agreement to the contrary, the distribution of the

Depositor’s interest in the Account shall be made in accordance with the followingrequirements and shall otherwise comply with section 408(a)(6) and the regulationsthereunder, the provisions of which are herein incorporated by reference.

2. The Depositor’s entire interest in the Account must be, or begin to be, distributed notlater than the Depositor’s required beginning date, April 1 following the calendar yearin which the Depositor reaches age 701⁄2 (the Depositor’s “required beginning date”).By that date, the Depositor may elect, in a form and manner acceptable to theCustodian, to have the balance in the Account distributed in:(a) A single sum or(b) Payments over a period not longer than the life of the Depositor or the joint lives

of the Depositor and his or her designated beneficiary.3. If the Depositor dies before his or her entire interest is distributed to him or her, the

remaining interest will be distributed as follows:(a) If the Depositor dies on or after the required beginning date and:

(i) the designated beneficiary is the Depositor’s surviving spouse, the remaininginterest will be distributed over the surviving spouse’s life expectancy as deter-mined each year until such spouse’s death, or over the period in paragraph(a)(iii) below if longer. Any interest remaining after the spouse’s death willbe distributed over such spouse’s remaining life expectancy as determined inthe year of the spouse’s death and reduced by 1 for each subsequent year, or,if distributions are being made over the period in paragraph (a)(iii) below,over such period.

(ii) the designated beneficiary is not the Depositor’s surviving spouse, the remain-ing interest will be distributed over the beneficiary’s remaining life expectancyas determined in the year following the death of the Depositor and reduced by1 for each subsequent year, or over the period in paragraph (a)(iii) below iflonger.

(iii) there is no designated beneficiary, the remaining interest will be distributedover the remaining life expectancy of the Depositor as determined in the yearof the Depositor’s death and reduced by 1 for each subsequent year.

(b) If the Depositor dies before the required beginning date, the remaining interestwill be distributed in accordance with (i) below or, if elected or there is no designated beneficiary, in accordance with (ii) below:(i) The remaining interest will be distributed in accordance with paragraphs

(a)(i) and (a)(ii) above (but not over the period in paragraph (a)(iii), evenif longer), starting by the end of the calendar year following the year of theDepositor’s death. If, however, the designated beneficiary is the Depositor’ssurviving spouse, then this distribution is not required to begin before the endof the calendar year in which the Depositor would have reached age 701⁄2.But, in such case, if the Depositor’s surviving spouse dies before distributionsare required to begin, then the remaining interest will be distributed in accor-dance with (a)(ii) above (but not over the period in paragraph (a)(iii), evenif longer), over such spouse’s designated beneficiary’s life expectancy, or in accordance with (ii) below if there is no such designated beneficiary.

(ii) The remaining interest will be distributed by the end of the calendar year con-taining the fifth anniversary of the Depositor’s death.

4. If the Depositor dies before his or her entire interest has been distributed and if thedesignated beneficiary is not the Depositor’s surviving spouse, no additional contribu-tions may be accepted in the Account.

5. The minimum amount that must be distributed each year, beginning with the year con-taining the Depositor’s required beginning date, is known as the “required minimumdistribution” and is determined as follows:(a) The required minimum distribution under paragraph 2(b) for any year, beginning

with the year the Depositor reaches age 701⁄2, is the Depositor’s Account value atthe close of business on December 31 of the preceding year divided by the distri-bution period in the uniform lifetime table in Regulations section 1.401(a)(9)-9.However, if the Depositor’s designated beneficiary is his or her surviving spouse,the required minimum distribution for a year shall not be more than theDepositor’s Account value at the close of business on December 31 of the preced-ing year divided by the number in the joint and last survivor table in Regulationssection 1.401(a)(9)-9. The required minimum distribution for a year under thisparagraph (a) is determined using the Depositor’s (or, if applicable, the Depositorand spouse’s) attained age (or ages) in the year.

(b) The required minimum distribution under paragraphs 3(a) and 3(b)(i) for ayear, beginning with the year following the year of the Depositor’s death (or theyear the Depositor would have reached age 701⁄2, if applicable under paragraph3(b)(i)) is the Account value at the close of business on December 31 of the pre-ceding year divided by the life expectancy (in the single life table in Regulationssection 1.401(a)(9)-9) of the individual specified in such paragraphs 3(a) and3(b)(i).

(c) The required minimum distribution for the year the Depositor reaches age 701⁄2can be made as late as April 1 of the following year. The required minimum distri-bution for any other year must be made by the end of such year.

6. The owner of two or more traditional IRAs may satisfy the minimum distributionrequirements described above by taking from one traditional IRA the amount requiredto satisfy the requirement for another in accordance with the regulations under section 408(a)(6).

ARTICLE V1. The Depositor agrees to provide the Custodian with all information necessary to prepare

any reports required by section 408(i) and Regulations sections 1.408-5 and 1.408-6.2. The Custodian agrees to submit to the Internal Revenue Service (“IRS”) and Depositor

the reports prescribed by the IRS.

ARTICLE VINotwithstanding any other articles which may be added or incorporated, the provisions ofArticles I through III and this sentence will be controlling. Any additional articles incon-sistent with section 408(a) and the related regulations will be invalid.

ARTICLE VIIThis Agreement will be amended as necessary to comply with the provisions of the Codeand any related regulations. Other amendments may be made as provided below.

The Invesco Traditional IRA Custodial AgreementFor Traditional, Rollover and SEP IRAs

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ARTICLE VIII1. Contributions.

(a) All contributions made under this Agreement, other than rollover contributions(which may include, in the case of a Roth IRA, conversions of other individualretirement plans, as permitted by the Code to be made in kind), shall be deposit-ed in the form of cash and shall be made to the Custodian in accordance withsuch rules as the Custodian may establish. Any contribution so made with respectto a tax year of the Depositor shall be made prior to the due date of theDepositor’s tax return (not including extensions) and unless otherwise indicatedin writing by the Depositor, be credited to the tax year in which it is received bythe Custodian.

(b) The Custodian shall have the right to receive rollover contributions as describedin the Code (which may include, in the case of a Roth IRA, conversions of otherindividual retirement plans as described in section 408A(d)(3) of the Code andas permitted by section 408A(c)(3) of the Code). If any property is so trans-ferred to it as a rollover contribution (including, in the case of a Roth IRA, as aconversion), the Custodian may, in its discretion, sell such property, and if it doesso, shall reinvest the proceeds, less any expenses, fees or commissions, as pro-vided below. The Custodian reserves the right to refuse to accept any propertywhich is not in the form of cash. Any amounts received by the Custodian underthis paragraph shall be accompanied by such records and other documents asthe Custodian deems necessary to establish the nature, value and extent of theassets, and of the various interests therein.

2. Investment Instructions.

(a) All assets in the Account shall be invested in accordance with the Depositor’sinstructions in the shares of one or more Designated Investment Companies (asdefined below), as the Depositor may specify from time to time. These instruc-tions may relate to current contributions or to amounts previously contributed(including earnings thereon) or to both. In the event that the Custodian receivesa contribution from the Depositor with respect to which no investment directionis specifically applicable, or if any such investment direction is, in the opinion ofthe Custodian, unclear, the Custodian may hold such amounts uninvested orreturn any such contributions without liability for any loss, including any loss ofincome or appreciation, and without liability for interest or any tax liabilityincurred by Depositor pending receipt of instructions or clarification. For allpurposes under this Agreement, the term “Designated Investment Company” shallmean any investment company registered with and regulated by the U.S.Securities and Exchange Commission under the Investment Company Act of 1940,as amended, which is advised by subsidiaries of Invesco Management Group, Inc.and which is designated by Invesco Distributors, Inc. (the “Sponsor”), in its solediscretion, as eligible for investment hereunder.

(b) Upon receipt of instructions from the Depositor in a form and manner acceptableto the Custodian, the Custodian may exchange or cause to be exchanged sharesof a Designated Investment Company held in the Account for the shares of anyother Designated Investment Company, subject to and in accordance with theterms and conditions of the current prospectuses of such Designated InvestmentCompanies and as may be agreed upon from time to time between the Custodianand the Sponsor. All dividends and capital gains distributions received on sharesof a Designated Investment Company held in the Account shall, unless received inadditional shares, be reinvested in shares of the Designated Investment Companypaying such dividends. If any distributions on the shares of a DesignatedInvestment Company may be received at the election of the Depositor in addition-al shares or in cash or other property, the Custodian shall elect to receive addi-tional shares.

(c) The Custodian shall deliver, or cause to be delivered to the Depositor all notices,prospectuses, financial statements, proxies and proxy soliciting materials relatingto Designated Investment Companies’ shares. The Custodian shall not vote any ofthe shares held hereunder except in accordance with the written instructions ofthe Depositor, except that the Custodian may vote present for the purpose ofestablishing the presence of a quorum.

3. Distributions. The Custodian shall, from time to time, in accordance with instruc-tions received from the Depositor (or the beneficiary) in a form and manner accept-able to the Custodian, make distributions out of the Account in the manner andamounts specified in such instructions. All such instructions shall be deemed to constitute a certification by the Depositor (or the beneficiary) that the distributiondirected is one that the Depositor (or the beneficiary) is permitted to receive.Notwithstanding any other provisions of this Agreement, the Custodian assumes (and shall have) no responsibility to make any distribution to the Depositor (or the

beneficiary) unless and until such instructions specify the occasion for such distribution, the elected manner of distribution, and any other required declarationor election. Prior to making any such distribution from the Account, the Custodianshall be furnished with any and all applications, certificates, tax waivers, signatureguarantees, and other documents (including proof of any legal representative’sauthority) deemed necessary or advisable by the Custodian. Upon receipt of properinstructions as required above, the Custodian shall cause the assets of the Accountto be distributed in cash and/or in kind, as specified in such instructions.

4. Transfers. Upon direction of the Depositor in a form and manner acceptable to theCustodian, the Custodian shall transfer the assets held in the Account (reduced by anyapplicable transfer fees) to a successor individual retirement account, or individualretirement annuity (other than an endowment contract) for the Depositor’s benefit.

5. Alienation and Assignment. The assets held in the Account shall not be subject toalienation, assignment, garnishment, attachment, execution or levy of any kind, andany attempt to cause such benefits to be so subjected shall not be recognized, exceptto the extent required by law. Any pledging of assets in the Account by the Depositoras security for a loan or any loan or other extension of credit from the Account to theDepositor shall be prohibited.

6. Beneficiaries.

(a) The Depositor shall have the right to designate (or to change), by notice to theCustodian in a form and manner acceptable to the Custodian, a beneficiary or ben-eficiaries (collectively referred to throughout as “beneficiary”) to receive any assetsremaining in the Account following the Depositor’s death. If no such designation isin effect at the time of the Depositor’s death, or if all designated beneficiaries havepre-deceased the Depositor, the Depositor’s beneficiary shall be his or her survivingspouse; provided, however, that if the Depositor is unmarried at the time of his orher death, the Depositor’s beneficiary shall be his or her estate. The last designa-tion received by the Custodian prior to the Depositor’s death shall be controlling,and, whether or not it fully disposes the Account, shall revoke all such other desig-nation previously made by the Depositor and received by the Custodian.

(b) Following the Depositor’s death, the beneficiary shall have all rights and privi-leges conferred on the Depositor by this Agreement to deal with and dispose ofthe assets remaining in the Account, limited by any applicable provisions of theCode or the rules and regulations of the Internal Revenue Service promulgatedthereunder, and shall be bound by all terms and conditions of this Agreement, as if he or she were the Depositor, upon the exercise or attempted exercise ofany control over the Account or the assets remaining therein.

(c) The Custodian’s sole responsibility with regard to the administration of such ben-eficiary designations shall be to act in accordance with the instructions of naturalpersons identified by name in the Depositor’s notice. The Custodian shall not becharged with any responsibility to administer any trust or to determine the mem-bers of any class of natural persons designated in such a notice. If the Depositorsubmits and the Custodian accepts any notice of beneficiary designation whichnames a trust or a class of natural persons as beneficiaries to the Account, thenthe Custodian shall take instructions and certifications from the duly-appointedexecutor or administrator of the Depositor’s estate in order to determine theproper disposition of assets remaining in the Account. The Custodian andSponsor shall be discharged from any liability arising from their administrationof beneficiary designations hereunder to the extent that assets remaining in theAccount following the Depositor’s death are paid out (i) to natural persons designated by name in the Depositor’s notice or (ii) to natural persons or entitiesidentified by the duly-appointed executor or administrator of the Depositor’sestate as trustees of designated trusts or, for natural persons only, members ofdesignated classes. In the event of any conflict or inconsistency between thisAgreement and the notice of beneficiary designation or any instruction given pursuant to this Section 6, the terms of this Agreement shall govern.

7. Limitation of Liability.

(a) Neither the Custodian nor the Sponsor shall be responsible for the collection of con-tributions, the deductibility of any contribution, or the propriety of any contributionsreceived by it under this Agreement; the selection of any shares of any DesignatedInvestment Company; or the purpose or propriety of any distribution ordered, whichmatters are the sole responsibility of the Depositor or the beneficiary.

(b) Neither the Custodian nor the Sponsor shall be responsible for any losses, penaltiesor any other consequences to the Depositor or to any other person arising out ofthe making of any contribution to, investment for, or distribution from the Account.

(c) Neither the Custodian nor the Sponsor shall be liable for complying with instruc-tions which appear to be genuine on their face, or for refusing to comply if not

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satisfied such instructions are genuine, and neither party assumes (and neitherparty shall have) any duty of further inquiry.

8. Account Statements. In addition to any other required reports, the Custodian shallcause to be mailed to the Depositor (or the beneficiary) periodic statements and, inrespect of each tax year, a statement accounting for all transactions affecting theAccount during such year and a statement showing the positions in the Account as ofthe end of such year. If, within sixty (60) days after the mailing of any such periodicor year-end statement, the Depositor (or the beneficiary) has not given the Custodianor the Sponsor written notice of any exception or objection thereto, the accountingfor all transactions reflected thereon shall be deemed to have been approved, and insuch case, or upon the written approval of the Depositor (or the beneficiary), theCustodian and the Sponsor shall be released, relieved and discharged with respect toall matters set forth in such statement as though the Account had been settled byjudgment or decree of a court of competent jurisdiction.

9. Indemnification. The Custodian shall have the right to rely upon any informationfurnished by the Depositor (or the beneficiary). The Depositor and the Depositor’slegal representatives or the beneficiary, as appropriate, shall always fully indemnifythe Custodian, the Sponsor, the Designated Investment Companies, and each of theirrespective directors, officers, employees, and/or agents, and hold each of themharmless from any and all liability whatsoever which may arise in connection with theestablishment and maintenance of the Account and the performance of their obliga-tions under this Agreement (including that which arises out of their own negligenceor the negligence of their agents), except that which arises due to their gross negli-gence, willful misconduct or lack of good faith. The Custodian shall not be obligatedor expected to commence or defend any legal action or proceeding in connectionwith this Agreement or such matters unless agreed upon by the Custodian and theDepositor or said legal representatives (or beneficiary) and unless fully indemnifiedfor so doing to the Custodian’s satisfaction.

10. Choice of Law and Venue. This Agreement shall be construed in accordance withthe laws of the State of Georgia. All parties to this Agreement hereby waive and agreeto waive the right to trial by jury in any action or proceeding instituted in respect tothe establishment or maintenance of the Account. The Depositor further agrees thatthe venue of any litigation between the Depositor and the Custodian or the Sponsorwith respect to the establishment or maintenance of the Account shall be in the Stateof Georgia.

11. Amendments. The Depositor and the Custodian hereby delegates to the Sponsor thepower to amend at any time and from time to time the terms and provisions of thisAgreement. The Depositor and Custodian hereby consent to such amendments, pro-vided such amendments comply with all applicable provisions of the Code, the regu-lations thereunder and with any other governmental law, regulation or ruling. Anysuch amendments shall be effective as of the date specified in a written notice sent byfirst-class mail to the address of the Depositor (or the beneficiary) indicated by theCustodian’s records, except that no amendment which increases the burdens of theCustodian shall take effect without the Custodian’s prior written consent.

12. Notices.

(a) Any notice from the Custodian to the Depositor (or the beneficiary) provided forin this Agreement shall be effective if sent by regular mail to the Depositor (orbeneficiary) at his or her last address of record.

(b) The Custodian shall not be bound by any certificate, notice, order, information orother communication unless and until it shall have been received in the form andmanner prescribed by the Custodian at its place of business.

13. Custodian to Act as Agent. The Custodian shall be an agent for the Depositor toperform the duties conferred on it by the Depositor. The parties do not intend toconfer any fiduciary duties on the Custodian, and none shall be implied.

14. Custodian to Employ Agents. The Custodian may perform any of its administrativeduties through such other persons or entities as may be designated by the Custodianfrom time to time with the prior approval of the Sponsor, except that the DesignatedInvestment Company shares held in the Account must be registered in the name ofthe Custodian or its nominee. No such delegation or subsequent change herein shallbe considered an amendment to this Agreement.

15. Resignation of Custodian. The Custodian may at any time, upon thirty (30) days’notice in writing to the Depositor, assign its responsibilities under this Agreement toa successor custodian, which successor custodian shall be a “bank” as defined insection 408(n) of the Code or another person found qualified to act as a custodianof an Individual Retirement Account by the Secretary of the Treasury or his delegate.

16. Fees.

(a) The Custodian may charge the Depositor (or the beneficiary) reasonable fees,including an annual maintenance fee, for services rendered hereunder accordingto standard schedules of rates which may be in effect from time to time. Initially,the fees payable to the Custodian shall be those set forth in the Account applica-tion. Upon thirty (30) days’ prior written notice, the Custodian may substitute afee schedule differing from that schedule initially provided.

(b) Custodian’s fees, any income including unrelated business income tax, gift, stateand inheritance taxes and other taxes of any kind whatsoever, including transfertaxes incurred in connection with the investment or reinvestment of the assets ofthe Account, that may be levied on or incurred by the Custodian in the perform-ance of its duties hereunder may be charged to the assets held in the Account,with the right to liquidate shares of any Designated Investment Company or anyother securities for this purpose, or (at Custodian’s option) may be chargeddirectly to the Depositor (or the beneficiary).

17. Role of the Employer. The Depositor understands, acknowledges and agrees thatby participating in a SEP or SARSEP plan, his or her employer will be given (i) accessto information regarding his or her IRA and (ii) the ability to instruct the Custodianwith regard to the investment of contributions made on behalf and/or for the benefitof the Depositor.

18. General Instructions. Section references are to the Internal Revenue Code unlessotherwise noted.

(a) Purpose of Form. Form 5305-A is a model custodial account agreement thatmeets the requirements of section 408(a) and has been pre-approved by the IRS.A traditional individual retirement account (traditional IRA) is established afterthe form is fully executed by both the individual (depositor) and the custodianand must be completed no later than the due date of the individual’s income taxreturn for the tax year (excluding extensions). This account must be created inthe United States for the exclusive benefit of the depositor and his or her benefici-aries.

Do not file Form 5305-A with the IRS. Instead, keep it with your records.For more information on IRAs, including the required disclosures the custodian must

give the depositor, see Pub. 590, Individual Retirement Arrangements (IRAs).

(b) Definitions. Custodian. The custodian must be a bank or savings and loan association, asdefined in section 408(n), or any person who has the approval of the IRS to actas a custodian. Depositor. The depositor is the person who establishes the custodial account.

(c) Identifying Number. The depositor’s social security number will serve as theidentification number of his or her IRA. An employer identification number (EIN)is required only for an IRA for which a return is filed to report unrelated busi-ness taxable income. An EIN is required for a common fund created by IRAs.

(d) Traditional IRA for Nonworking Spouse. Form 5305-A may be used toestablish the IRA custodial account for a nonworking spouse.

Contributions to an IRA custodial account for a nonworking spouse must be made to aseparate IRA custodial account established by the nonworking spouse.

19. Specific Instructions

Article IV. Distributions made under this article may be made in a single sum, peri-odic payment, or a combination of both. The distribution option should be reviewed inthe year the depositor reaches age 701⁄2 to ensure that the requirements of section408(a)(6) have been met.

Article VIII. Article VIII and any that follow it may incorporate additional provisionsthat are agreed to by the depositor and custodian to complete the agreement. They mayinclude, for example, definitions, investment powers, voting rights, exculpatory provi-sions, amendment and termination, removal of the custodian, custodian’s fees, state lawrequirements, beginning date of excess contributions, prohibited transactions with thedepositor, etc. Attach additional pages if necessary.

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Under applicable federal regulations, a custodian of an individual retirement account (an “IRA”) is required to furnish each depositor who has established or is establishing anaccount with a statement which discloses certain information regarding the IRA. InvescoNational Trust Company, the Custodian of your Invesco Traditional IRA, is providing thisDisclosure Statement to you in accordance with th at requirement. This DisclosureStatement should be reviewed in conjunction with The Invesco Traditional IRA CustodialAgreement, which governs the maintenance of your IRA (the “Custodial Agreement”). You should review each of these documents with your attorney or tax advisor. The Custodiancannot give tax advice or determine whether or not the IRA is appropriate for you.

A. Seven-Day Right to Revoke Your IRA.You may revoke your IRA at any time within seven days after the date the IRA is

established, by giving proper notice to Invesco Investment Services, Inc., (“IIS”) agentfor the Custodian. For purposes of revocation, it will be assumed that you received thisDisclosure Statement no later than the date of the check or wire transfer with which youopened your IRA. Notice of revocation must be in writing and given to: InvescoInvestment Services, Inc., 11 Greenway Plaza, Suite 763, P.O. Box 4739, Houston, Texas77210-4739, Attention: Shareholder Services Department. If you revoke your IRA, youare entitled to a refund of your entire contribution to the IRA, without adjustment forsuch items as sales commissions, administrative expenses or fluctuation in market value.If you do not deliver notice of revocation within the seven-day period after the establish-ment of the IRA (or on the next succeeding business day if that period ends on aSaturday, Sunday or legal holiday), you will be deemed to have accepted the terms andconditions of the Custodial Agreement and cannot later revoke the IRA. If you have anyquestions concerning your right of revocation, please call IIS at 800 959 4246.

B. Statutory Requirements.An IRA is a trust or custodial account created or organized under state law for your

exclusive benefit or that of your beneficiaries, as described in Section 408 of the InternalRevenue Code of 1986, as amended (the “Code”). The Invesco Traditional IRA is organ-ized as a custodial account under Georgia law using the terms set forth in IRS Form5305-A and has the following basic attributes:

(1) Except for rollover contributions (as described in Part F below), no contributionwill be accepted unless it is in cash or cash equivalent, including, but not by wayof limitation, personal checks, cashier’s checks, and wire transfers.

(2) Except for rollovers and simplified employee pension (“SEP”) contributions, contributions of more than the Annual Dollar Limit for the applicable tax year (as described in Part D below) may not be made.

(3) You will have a nonforfeitable interest in your IRA.(4) No part of the trust or custodial funds may be invested in life insurance contracts,

nor may the assets be commingled with other property except in a common trustfund or common investment fund. Furthermore, as provided in section 408(m) of the Code, your IRA may not be invested in “collectibles,” such as art works,rugs, antiques, metals, gems, stamps, coins (with an exception for certain gold,silver and platinum coins and coins issued under state law and certain bullion),alcoholic beverages, and certain other types of tangible personal property. Aninvestment in a collectible would be treated as a distribution from your IRA whichwould be includable in your gross income, and, if you had not attained the age of591⁄2, the distribution could also be subject to the premature distribution penaltyas discussed in Part E(4) below.

(5) Your entire interest in the IRA must be, or begin to be, distributed on or beforeApril 1 of the calendar year following the calendar year in which you reach age701⁄2. The distribution may be made in a single sum, or you may receive periodicdistributions, so long as the amount distributed each year meets the minimum distribution requirements as described in Part B(6) below, or you will incur apenalty as described in Part E(7) below.

(6) The amount required to be distributed to you upon attainment of age 701⁄2 and foreach year thereafter, or to your beneficiaries following your death is determinedby dividing your IRA balance as of the prior December 31st by a life expectancyfactor determined from (i) a uniform table published by the Internal RevenueService or, (ii) if your spouse is your Designated Beneficiary and your spouse ismore than 10 years younger than you, an alternative table based upon the recal-culated joint life expectancy of you and your spouse. The required minimum dis-tribution for the year you attain age 701⁄2 must be made by April 1 of the followingyear. Distributions for each subsequent year must be made by December 31 ofthat (your “Required Beginning Date”) year. If you die on or after your RequiredBeginning Date, then (i) your IRA must be distributed over your remaining lifeexpectancy at your death if you do not have a Designated Beneficiary, (ii) yourIRA must be distributed over the longer of your remaining life expectancy at deathor your Designated Beneficiary’s non-recalculated life expectancy at your death ifyou have a non-spouse Designated Beneficiary, or (iii) your IRA must be distrib-

uted over your spouse’s recalculated life expectancy at your death if your spouseis your Designated Beneficiary. If you die prior to your Required Beginning Date,then (i) your IRA must be distributed by December 31st of the calendar year con-taining the fifth anniversary of your death if you do not have a DesignatedBeneficiary, (ii) your IRA must be distributed over your Designated Beneficiary’snon-recalculated life expectancy at your death if you have a non-spouseDesignated Beneficiary, and (iii) your IRA must be distributed over your spouse’sannually recalculated life expectancy, with distributions beginning no later thanDecember 31st of the year in which you would have attained age 701⁄2 if yourspouse is your Designated Beneficiary. Your Designated Beneficiary is the individ-ual (or individuals) designated by you and, for purposes of post-death distribu-tions, is determined on the September 30th of the year following the year of yourdeath. In some circumstances, a trust benefiting one or more individuals may bea Designated Beneficiary. You can name or change your Designated Beneficiary atany time prior to your death. Your Designated Beneficiaries can change followingyour death if there is a distribution to or disclaimer by a Designated Beneficiaryfollowing your death.

The foregoing distribution rules do not apply if you established your IRA as an “inher-ited IRA” by rollover from an employer’s tax-qualified retirement plan as the beneficiaryof a deceased plan participant. In this case, and if you are not the participant’s survivingspouse, distributions from your inherited IRA will be required in minimum amounts, asset forth in the employer’s plan, except that if the participant died before he or she wasrequired to begin receiving minimum distributions under the employer plan and if youcomplete the rollover to your inherited IRA by the end of the calendar year following theyear in which the participant died, you may receive required minimum distributions fromyour inherited IRA over your life expectancy. The balance, if any, remaining in yourinherited IRA at your death will be distributed in accordance with the terms of theemployer plan or, as applicable, over your life expectancy at the time of the participant’sdeath (or, if you are the participant’s surviving spouse, over your life expectancy on thedate the participant would have reached age 701⁄2).

You should consult your attorney or tax advisor regarding the minimum required distributions from your IRA.

C. Investment of Your IRA.Under the terms of the Custodial Agreement, your contributions will be invested by the

Custodian in full and fractional shares of the investment company or companies that youselect. As provided in the Custodial Agreement, you may only invest your IRA funds inshares of investment companies which are managed or advised by subsidiaries of InvescoManagement Group, Inc. You will be provided with a list of the investment companiesfrom which you may choose to invest. Subject to the foregoing and to any additionalrestrictions described in the Custodial Agreement, you have complete control over theinvestment of your IRA assets. The Custodian will not provide any form of investmentadvice or make investment recommendations of any type, so you will make all investmentdecisions. When you make a decision on how you wish to invest assets held in your IRA,you should provide the Custodian with specific instructions, detailing your investmentdecision so that the Custodian can effectuate such investments as provided in yourCustodial Agreement. If you fail to direct the Custodian as to the investment of all or anyportion of your IRA assets, the Custodian shall invest such assets in Invesco MoneyMarket Fund Cash Reserve Shares. All dividends and capital gain distributions receivedon shares of an investment company held in your IRA will be reinvested in shares of thatinvestment company. Detailed information about the shares of the mutual fund(s) youselect must be furnished to you in the form of prospectuses governed by rules of the U.S. Securities and Exchange Commission.

D. Limitations and Restrictions on IRA Contributions and Deductions.Except in the case of rollover contributions (see Part F below), generally you may

contribute, with respect to a taxable year, up to the lesser of the Annual Dollar Limitapplicable to you for such taxable year or 100% of your compensation (earned income)for such taxable year to any combination of your Traditional and Roth IRAs. Marriedindividuals who file joint tax returns may, with respect to a taxable year, contribute up tothe Annual Dollar Limit to separate IRAs for the husband and the wife, provided that thetotal contributions to the two IRAs for such taxable year do not exceed the couple’s com-bined compensation for such taxable year. As a result, contributions may be made to theIRA of a non-working spouse within the foregoing limits.

For individuals who have not attained age 50 by the last day of the calendar year forwhich a contribution is made, the Annual Dollar Limit is $4,000 for the 2007 calendaryear and $5,000 for the 2008 tax year. For later calendar years, the Annual Dollar Limitwill be indexed to inflation. For individuals who have attained age 50 by the last day ofthe calendar year for which a contribution is made, the Annual Dollar Limit also allows aCatch-Up Contribution. The maximum Catch-Up Contribution is $1,000 for the 2007 and2008 calendar years. The Catch-Up Contribution is not indexed to inflation.

The Invesco Traditional IRA Disclosure StatementFor Traditional, SEP, SARSEP and Rollover IRAs

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If you receive a distribution from your IRA during a period of active military dutydescribed in Part E(4), you may repay the distribution during the two-year period begin-ning on the day after the end of your active military duty (or August 17, 2008, if later). Suchrepayment will not count against your annual contribution limit for the year of repayment.

No contribution may be made for the taxable year during which you attain age 701⁄2 orfor any subsequent year.

Section 219 of the Code contains special provisions governing whether amounts con-tributed to your IRA will be deductible from gross income for federal income tax purposes.To the extent you are not eligible or elect not to make deductible IRA contributions, youmay make nondeductible IRA contributions within the aforementioned limits which arereduced by the amount of any deductible contributions. The following is a summary ofthe rules regarding the deductibility of contributions to your IRA. You should consultyour tax advisor to determine the specific application of such rules to your IRA contribu-tions for any particular taxable year.

(1) If neither you nor your spouse is an “active participant” (as determined undersection 219(g) of the Code and any regulations or rulings thereunder) in a retire-ment plan during any part of the taxable year, you may take a deduction for con-tributions to your IRA for such taxable year in an amount equal to the lesser ofthe Annual Dollar Limit or 100% of your compensation (earned income) for suchtaxable year.

(2) If you are considered an “active participant” in a retirement plan for any part ofthe taxable year, the extent, if any, to which contributions to your IRA will bedeductible depends on the amount of your modified adjusted gross income(“MAGI”). If you are single (or if you are married, file separately and do not livewith your spouse at any time during the year), you may take a deduction for themaximum contribution if your MAGI is $52,000 or less for 2007 or $53,000 orless for 2008. The maximum deduction phases out ratably if you MAGI is between$52,000 and $62,000 for 2007 or $53,000 and $63,000 for 2008. And, you will beentitled to no deduction if your MAGI is $62,000 or more for 2007 or $63,000 ormore for 2008. If you are married and file a joint income tax return, you may takea deduction for the maximum contribution if your joint MAGI is $83,000 or lessfor 2007 or $85,000 or less for 2008. The maximum deduction phases out ratablyif your joint MAGI is between $83,000 and $103,000 for 2007 or $85,000 and$105,000 for 2008. And, you will be entitled to no deduction if your joint MAGI is$103,000 or more for 2007 or $105,000 or more for 2008. Figures for 2008 areindexed to the cost of living after 2008. If you are married, file separately and livewith your spouse at any time during the year, the maximum deduction phases outratably if your MAGI is less than $10,000, and you will be entitled to no deductionif your MAGI is $10,000 or more.

You will be considered an “active participant” for any particular taxable year if youare covered by a retirement plan for any part of such year. Generally, you will be consid-ered covered by a retirement plan for a year if your employer or union has a retirementplan under which money is added to your account or you are eligible to earn retirementcredits for such year. For example, if you are covered under a profit-sharing plan, certaingovernment plans, a salary reduction arrangement (such as a tax-sheltered annuityarrangement or a 401(k) plan), a SEP or a plan which promises you a retirement benefitwhich is based upon the number of years of service you have with the employer, you arelikely to be an active participant. Your Form W-2 for the year should indicate your partici-pation status. You are an active participant for a year even if you are not yet vested inyour retirement benefit. Also, if you make required contributions or voluntary employeecontributions to a retirement plan, you are an active participant. In certain plans you maybe an active participant even if you were only with the employer for part of the year. For2007, if you are married and you and your spouse file a joint return (or file separatelyand live together any time during the year), your spouse’s status as an active participantwill not cause you to be treated as an active participant if your combined MAGI is$156,000 or less for 2007 or $159,000 or less for 2008. The maximum deduction phas-es out ratably if your joint MAGI is between $156,000 and $166,000 for 2007 or$159,000 and $169,000 for 2008. And, you will be entitled to no deduction if your jointMAGI is $166,000 or more for 2007 or $169,000 or more for 2008. Figures for 2008are indexed to the cost of living after 2008. You should note that if you are married butfile a separate tax return, and you did not live with your spouse at any time during thetaxable year, your spouse’s active participation does not affect your ability to makedeductible contributions.

You are permitted to contribute and deduct up to two times the Annual Dollar Limit forcontributions to your IRA and a spousal IRA (plus any Catch-Up Contributions for whichyou and/or your spouse may be eligible), subject to the provisions of (1) and (2) above,but not in excess of 100% of your combined earned income. However, in no event shallthe contribution to either IRA exceed the Annual Dollar Limit (including any applicableCatch-Up Contribution).

The maximum SEP contribution is generally limited to the lesser of $45,000 or 25% ofyour total compensation from your employer for 2007 or $46,000 or 25% of your total com-

pensation from your employer for 2008. The $46,000 figure will be indexed to inflation forthe years after 2008.

If contributions to your IRA are deductible as outlined above, you may claim suchdeduction even if you do not itemize your deductions on your federal income tax return.You must make contributions to your IRA during the taxable year for which you claim thededuction or by the deadline for filing your federal income tax return for such year (with-out regard to any filing deadline extension). For example, if you are a calendar-year taxpay-er, you must make contributions no later than April 15th (or, if April 15th is not a businessday, the first business day thereafter) in order to take a deduction for the previous year.

If any portion of a contribution to your IRA is nondeductible as outlined above, youmust so designate on your federal income tax return, as required under section408(o)(4) of the Code and file Form 8606 with your tax return.

You are eligible for a federal income tax credit in an amount equal to a percentage ofyour annual “Qualified Retirement Plan Contributions” not exceeding $2,000. The per-centage varies from 10% to 50% depending upon your tax filing status and annual adjust-ed gross income. For 2007, joint filers with AGI over $52,000, heads of household withAGI over $39,000 and all other filers with AGI over $26,000 are not eligible for tax cred-it. For 2008, joint filers with AGI over $53,000, heads of household with AGI over$39,750 and all other filers with AGI over $26,500 are not eligible for tax credit. Thesefigures are indexed to the cost of living after 2008. For this purpose, your QualifiedRetirement Plan Contributions include all contributions to a Traditional or Roth IRA aswell as all elective deferral contributions under a 401(k) plan, a 403(b) plan, a govern-ment deferred compensation plan under section 457 of the Code, a SIMPLE IRA, or aSEP-IRA, and all voluntary after-tax contributions to a qualified plan, net of certain retire-ment plan distributions. The tax credit is in addition to any deductions available to youfor your IRA contributions.

E. Federal Income Tax Status of the IRA and Certain Distributions.(1) In General. Except as described below, your IRA and earnings thereon are exempt

from federal income tax until distributions are made.(2) Tax Treatment of Distributions. If all contributions to your IRA (other than

rollover contributions) have been deductible for federal income tax purposes, (or have been employer SEP contributions) then all distributions from your IRAwill be taxable as ordinary income. However, if you have made any nondeductibleIRA contributions, distributions from your IRA will be treated as partially a returnof deductible and SEP contributions, if any (taxable), partially a return of nonde-ductible contributions (nontaxable), and partially a distribution of earnings (tax-able). The portion of an IRA distribution which will be excludable from incomewill be determined by multiplying the total amount distributed by a fraction, thenumerator of which is the aggregate of all your remaining nondeductible IRA con-tributions, and the denominator of which is the aggregate balance of all of yourIRAs (including rollover IRAs and SEPs). For purposes of the foregoing, (a) all ofyour IRAs will be treated as a single IRA, (b) all distributions during a taxableyear will be treated as a single distribution, and (c) the aggregate balance of yourIRAs (including your remaining non-deductible contributions) will be determinedas of the end of the calendar year with or within which your taxable year ends,after adding back any distributions for such year.

Distributions from your IRA are not eligible for any special tax treatment suchas five- or ten-year averaging or capital gains treatment.

(3) Excess Contributions. If contributions to your IRA are in excess of the limits statedin Part D above, you will be assessed a 6% nondeductible excise tax on the excessamounts. This tax is payable for each year the excess is permitted to remain inyour IRA. However, if the excess contribution has not been taken as a deduction,and if the excess and all earnings thereon are returned before the due date for filing your income tax return for the year in which the excess contribution wasmade, the 6% excise tax will not be assessed. The earnings on such excess contri-bution that are returned to you will be taxable as ordinary income and will bedeemed to have been earned and taxable in the tax year during which the excesscontribution was made. In addition, unless you are disabled, have reached age591⁄2 or another exception applies, the earnings will be subject to the 10% pre-mature withdrawal penalty discussed below. The 6% excess contribution tax maybe eliminated for future tax years by withdrawing the excess contribution fromyour IRA before the due date for filing your tax return for that year or by under-contributing for a subsequent year by an amount equal to the excess contribution.

If less than the maximum amount of contributions has been made in yearsbefore the year you make an excess contribution, the prior year’s difference maynot be used to reduce the excess contribution. Qualified rollover contributions, asdescribed in Part F below, are not considered excess contributions.

(4) Premature Distributions. In addition to any regular income tax that may be payable,distributions from your IRA that occur before you reach age 591⁄2 will be assessedan additional 10% penalty tax on the amount distributed which is includable in

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your gross income unless the distribution is taken (i) due to your death, (ii) dueto your becoming totally and permanently disabled, (iii) to pay medical expenseswhich exceed 7.5% of your adjusted gross income for the year, (iv) to pay medicalinsurance premiums during a period of unemployment, (v) to pay for qualifiedhigher education expenses, (vi) to pay for up to $10,000 in costs associated with afirst-time home purchase, (vii) in a series of substantially equal periodic paymentsover your life or life expectancy or the joint lives or joint life expectancies of youand a designated beneficiary, or (viii) during a period of active military duty thatbegan after September 11, 2001 and before December 31, 2007 and that is ofindefinite duration or for a period of 180 days or longer. Amounts tre ated as distri-butions from the IRA because of pledging the IRA as described below, or prohibit-ed transactions as described below, will also be considered premature distribu-tions if they occur before you reach age 591⁄2 (assuming you are not disabled).

(5) Pledging the IRA. If you pledge your IRA as security for a loan, the portion sopledged is treated as being distributed to you in that year. In addition to any regu-lar income tax that may be payable on the distribution, the premature distributionpenalty as discussed above may also be applicable.

(6) Prohibited Transactions. If you or your beneficiary engages in a prohibited trans-action, as described in section 4975 of the Code, with respect to your IRA, yourIRA will lose its exemption from tax, and you must include the fair market valueof your IRA in your gross income for the year during which the prohibited trans-action occurred. In addition to any regular income tax that may be payable, thepremature distribution penalty as discussed above may also be applicable.

(7) Insufficient or Late Distributions. In addition to the regular income tax that maybe payable on distributions from your IRA, you will be assessed penalties on cer-tain accumulations if funds in your IRA are not distributed in accordance with therules described in Part B (5) and B (6) above. If the amount distributed fromyour IRA during the year is less than the minimum amount required to be distrib-uted during such year, an excise tax will be imposed. The tax imposed is equal to50% of the amount by which the minimum required distribution exceeds theamount actually distributed during the year.

(8) Estate and Gift Tax Status of Distributions. Generally, for estate tax purposes, thevalue of your IRA will be fully includable in your gross estate in the event of yourdeath. For gift tax purposes, beneficiary designations will not be treated as gifts.Also, contributions to an IRA on behalf of a spouse who has no earned income orelects to be treated as having no earned income will qualify for the annual presentinterest gift exclusion. You should consult your tax advisor with respect to theapplication of community property laws on estate and gift tax issues relating toyour IRA.

(9) IRAs Continuing for Beneficiaries. How your IRA will be treated after your deathdepends on the beneficiary’s relationship to you. If your IRA is acquired by a ben-eficiary who is not your surviving spouse, the IRA may not be rolled over to anemployer’s plan or to another IRA, nor may the IRA accept any regular or rolloverdeposits. Only a beneficiary who is your surviving spouse will be allowed to rollover the IRA funds into his or her own IRA or elect to treat the IRA as his or herown, except that, if your IRA is an inherited IRA as described in Part B above,your surviving spouse will not have these special rights.

(11) Federal Income Tax Withholding. The taxable portion of distributions from yourIRA is subject to federal income tax withholding unless you elect not to have with-holding applied. If you elect not to have withholding applied to taxable distribu-tions from your IRA, or if insufficient federal income tax is withheld from any dis-tribution, you may be responsible for payment of estimated taxes, as well as forpenalties under the estimated tax rules, if withholding and estimated tax paymentswere not sufficient. Additional information regarding withholding and the necessaryelection forms will be provided no later than at the time a distribution is requested.

F. Rollover Contributions.A rollover is a tax-free distribution of cash or other assets from one retirement pro-

gram that is contributed to another. There are two kinds of rollover contributions to anIRA. With one, you contribute amounts distributed to you from one IRA to another IRA.With the other, you contribute amounts distributed to you from an employer’s qualifiedplan, 403(b) plan or government-sponsored 457 plan to an IRA. A rollover is an allow-able IRA contribution which is not subject to the limits on regular contributions dis-cussed in Part D above. However, you may not deduct a rollover contribution to your IRAon your tax return.

If you receive a distribution from an employer’s or former employer’s qualified plan,403(b) plan or government-sponsored 457 plan, the distribution must be an “eligiblerollover distribution” in order for you to be able to roll all or part of the distribution overto your IRA. The taxable portion you contribute to your IRA will not be taxable to you untilyou withdraw it from the IRA. The employer or former employer will give you the opportu-

nity to roll over the distribution directly from the plan to the IRA. If you elect, instead, toreceive the distribution, you must deposit it into the IRA within 60 days after you receive it.

An “eligible rollover distribution” is any distribution from a plan that would be taxableother than (1) a distribution that is one of a series of periodic payments for an employee’slife or over a period of 10 years or more, (2) a required distribution to a plan participantafter attainment of age 701⁄2 or to a beneficiary following the death of a plan participant, (3) afinancial hardship distribution, and (4) certain corrective distributions.

If you are the beneficiary of a deceased participant in an employer-sponsored retirementplan and you roll over a distribution from that plan to an IRA, the IRA must be a separateIRA for you as beneficiary of the plan participant and you may not make regular contribu-tions to the IRA.

G. Amendments.The Custodian or Sponsor of your IRA may amend the Custodial Agreement at any

time. The Custodian or Sponsor will comply with the amendment procedures set forth inthe Custodial Agreement.

H. Financial Disclosure.Because the value of assets held in your IRA is subject to market fluctuation, the value

of your IRA can neither be guaranteed nor projected. There is no assurance of growth inthe value of your IRA or guarantee of investment results. You will, however, be providedwith periodic statements of your IRA, including current market values of investments.

Certain fees will be charged by the Custodian in connection with your IRA. Such feesare disclosed on the Account Application. Upon thirty days’ prior written notice, theCustodian may substitute a new fee schedule. Any fees or other expenses incurred in con-nection with your IRA will be deducted from your IRA (with liquidation of Fund Shares, if necessary), or at the Custodian’s option, such fees or expenses may be billed to youdirectly. Potential investors should obtain a copy of the current prospectus relating toeach mutual fund selected for investment prior to making an investment. Also, copies ofthe statement of additional information relating to such fund(s) will be provided uponyour request to Invesco Investment Services, Inc.

I. Miscellaneous.Each year, you will be provided a statement(s) of account which will give the total

amount of contributions to the IRA, the year to which each contribution relates, and thetotal value of the IRA as of the end of the year. For each year, the Custodian will notify youand will report to the Internal Revenue Service if you must take a required minimum dis-tribution from your IRA in that year. Information relating to contributions to, and distri-butions from, the IRA must be reported annually to the Internal Revenue Service and toyou. You must also file Form 5329 (Return for Individual Retirement SavingsArrangement) with the Internal Revenue Service for each taxable year during which youare assessed any penalty or tax as discussed in Part E above.

Your IRA has been approved by the Internal Revenue Service. Such approval is adetermination as to the form of the IRA, and does not represent a determination of theIRA’s merits as an investment.

Further information about IRAs can be obtained from any district office of the InternalRevenue Service or from the Custodian.

All provisions in this Disclosure Statement are subject to the Code and to the regula-tions promulgated thereunder. This Disclosure Statement constitutes a nontechnicalrestatement and summary of certain provisions of the Code which may affect your IRA.Your legal rights and obligations are governed by the federal tax laws and regulations and the Custodial Agreement.

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NOTES

SEP-APP-1 10/12

Documents

SEP Application and Forms (PDF) - Invesco · SEP IRA Account Type (Select only one. If no account type is selected, a SEP IRA will be established.) SEP IRA SARSEP IRA (Plan must have