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The undersigned, on behalf of the Agency) acknowledge and agree that: <br /> 1. Triangle Community Foundation may at any time, at its sole and absolute discretion, change the asset <br /> allocation or asset manager(s) of the investment portfolios. <br /> 2. The investments will be administered in accordance with the investment policy statement of Triangle <br /> Community Foundation. <br /> 3. Investments are subject to normal market and interest rate fluctuation risks, and any gain or loss <br /> generated by the investments will be credited or charged to the Fund. <br /> 4. All Funds are subject to the policies of Triangle Community Foundation. <br /> To indicate investment preference, authorized persons of the Agency must sign below. <br /> Agency <br /> <4�> i/11113 <br /> Chair:, rd of C ommi 'oners Date <br /> Print name: B <br /> 2 <br />