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Investment Policy Committee

Policy
CIS, has created an Investment Policy Committee (IPC) to give guidance and perspective to Cornerstone’s Chief
Strategist. The IPC will not have control over the investment strategy. Rather, their role is as a sounding board and
alternative perspective for the Chief Strategist. At the Chief Strategist’s discretion, he may have the IPC vote on
issues he deems appropriate. Members of the IPC may suggest securities to be added or subtracted from
portfolios.

Practically, since the only 2 people on the committee at this point are John Riley and Michael Curtis, they speak
several times a week about the market, stock ideas, what to buy and what to sell, future buys and what needs
more research among other things. The meetings are an ongoing conversation rather than a formal meeting.

Responsibility
John Riley has the responsibility for organizing, setting the agenda and running the IPC meetings. Each member has
one vote.

Schedule
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To meet monthly in person, via teleconference or via conference call. The meeting will be no later than the 5 of
each month. John Riley may cancel the meeting if it is not needed. Since Michael Curtis and John Riley speak
several time s a week, there are no formally scheduled meetings at this point.

Notes
Meeting notes may be kept on the CRM. Formal meeting notes will not be kept. Only notes on important or unique
discussions

Updates
The Chief Strategist will send out updates via email and request input from the members of the IPC at various
times during the month.

Term
The membership will last 2 years and be comprised of 2 IARs (if possible) of CIS and the CIS Chief Strategist. The
Chief Strategist position on the IPC is permanent. Membership will be based on experience and investment
knowledge. Members may be asked to stay on an additional term.

Voting
Each member of the IPC will have 1 vote. On important matters such as a complete change in the direction of the
strategy of a portfolio, a unanimous vote will be required. The Chief Strategist will decide when a unanimous vote
is required. On matters of asset allocation shifts, no vote will be required. On all other matters, the vote will be at
the discretion of the Chief Strategist.

The IPC will not be involved in the day to day operation and trading of client portfolios. Nor will they be necessarily
involved in the selection of specific securities, unless the Chief Strategist requests their input.