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<br />FEE SCHEDULE <br /> <br />In consideration for the services rendered by RBC CM, the Issuer agrees that our fee for each issue of <br />Obligations will be as follows: <br /> <br /> STANDARD FEE SCHEDULE <br /> More And Not <br /> Than More Than The Fee Is <br />$ -0- $ 50D,OOO $ 5,000 (minimum fee) <br />$ 500,000 $ 1,000,000 $ 5,000 plus $5.00 per $1,000 for all <br /> over $500,000 <br />$ 1,000,000 $ 5,000,000 $ 7,500 plus $2.50 per $1,000 for all <br /> over $1,000,000 <br />$ 5,000,000 $10,000,000 $ 17,500 plus $1.25 per $1,000 <br /> for all over $5,000,000 <br />$10,000,000 $20,000,000 $ 23,500 plus $1.00 per $1,000 <br /> for all over $10,000,000 <br />$20,000,000 No Limit $ 33,500 plus $0.40 per $1,000 <br /> for all over $20,000,000 <br /> <br />* Fees for refunding bonds are 125% of the fee quote above. <br /> <br />Fees for refunding Obligations andlor other Obligations involving escrow Agreements, will be the fee schedule <br />set out above plus 25%, and, in addition to our Financial Advisory fee, we will charge a structuring fee to be <br />negotiated on a case-by-case basis. <br /> <br />RBC eM will bill the Issuer at Closing for each issue of Obligations a net amount which will include a fee <br />calculated on the above schedule as well as any "out-of-pocket" expenses incurred on behalf of the Issuer. <br /> <br />FA Agreement (Combined) <br /> <br />03/03/08 <br />