EXHIBIT 10.13

To: Fiduciary Trust Company International

INVESTMENT MANAGEMENT WITH CUSTODY AGREEMENT

FOR ACCOUNT ENTITLED

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1. Investment Management Account. I appoint you to be the agent for the
undersigned (referred to as “I” or “me”) to act as investment manager of an
Investment Management with Custody Account (“Account”) in the name specified
above to manage all assets and cash, including but not limited to the proceeds
from the sale of such assets, and the income attributable to such assets, that
are delivered to you for the Account (“Account Assets”). I will deliver to you
only assets owned solely by me, and will advise you of the cost, date and manner
of acquisition of any additional assets contributed to the Account. I will
promptly notify you in writing of any reduction in the amount of the Account
Assets subject to your investment management direction.

 

2. Investment of Account Assets. Subject to my right to give instructions with
respect to the Account as described in Section 4 of this Investment Management
with Custody Agreement (the “Agreement”), I authorize you, in your discretion,
to:

 

  (a) invest, reinvest and/or hold cash uninvested, at the Account’s risk, at
such times and in such manner as you determine. You may buy, sell, exchange,
convert and otherwise invest or trade in any stocks, bonds, units and other
instruments, whether the issuer is organized in or outside the United States,
including but not limited to:

 

  (1) deposit accounts, including your own or those of any of your Affiliated or
Subsidiary Companies, as defined in Section 12;

 

  (2) shares of any mutual fund (including any money market mutual fund),
including, without limiting the generality of this discretion, any mutual fund
for which you and/or any of your Affiliated or Subsidiary Companies, acts as
sponsor, distributor, administrator, adviser, or in any other capacity, or
receives investment advisory or other fees (collectively, “Affiliated Funds”);
provided, however, that if you invest in any Affiliated Fund, to the extent
required by any applicable law, rule or regulation, this Agreement or any other
governing document, you will exclude the value of any Account Assets so
invested, from the calculation of your fee under Section 11 of this Investment
Management Agreement; and

 

  (3) securities acquired pursuant to any public, private and direct placement,
including, without limiting the generality of this discretion, any fund not
registered under the Investment Company Act of 1940, as amended (a
“Non-Registered Fund”), for which you and/or any of your Affiliated or
Subsidiary Companies acts sponsor, distributor, administrator, adviser, or in
any other capacity, or receives investment advisory or other fees; provided,
however, that if you invest in any Non-Registered Fund, to the extent required
by any applicable law, rule or regulation, this Agreement or any other governing
document, you will exclude the value of any Account Assets so invested, from the
calculation of your fee under Section 11 of this Investment Management
Agreement.

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  (b) execute any documentation as the Account’s agent and attorney-in-fact as
you may deem necessary to facilitate any such investment or reinvestment,
including but not limited to signing the Account’s or my name, as the case may
be, (1) on any securities registered in the Account’s or my name, respectively,
in order to sell them or enable them to be deposited as authorized above, (2) on
any documents necessary to establish your security interest under Section 8, and
(3) on all necessary certificates of ownership or other instruments required by
an issuer, depository or governmental authority under applicable law or
regulation, and authorize your sub-custodians to do likewise;

 

  (c) place Account trades with any issuers or with any brokers or dealers, as
you may select, including any of your Affiliated or Subsidiary Companies, which
brokers or dealers are entitled to receive compensation out of my Account Assets
for their services; and

 

  (d) purchase, sell, exchange, convert and otherwise execute non-US currency
transactions in the spot or forward market as agent or as principal, at the
market rate, as determined by you at your discretion.

 

3. Custody of Account Assets. Subject to Sections 4 and 5(a), I authorize you,
in your discretion:

 

  (a) to hold cash and hold any issue of securities in the Account with
securities of the same issue of your other clients, and deposit Account Assets
(whether in “book entry” or physical form) with any domestic or non-US bank,
broker or dealer, or securities depository, as your sub-custodian, in nominee
name or otherwise;

 

  (b) with respect to trades reported on the Account’s behalf through Depository
Trust Company (“DTC”), to accept instructions from DTC (whether in a DTC report
or otherwise) as though they were given by me; and

 

  (c) in those cases in which securities that have been purchased at varying
prices are being sold, to use the “specific identification method” for
allocating tax lots to a particular sale of securities, unless I specifically
request you to use another method of tax lot selection.

 

4. Special Instructions. I authorize you to record telephone conversations
related to the Account, and to rely on my oral or written instructions or
notices when you receive them. I agree to confirm in writing any oral
instruction given to you as soon thereafter as possible. You shall be under no
duty to make any investigation or inquiry as to any statement contained in any
oral or written instruction given and, unless and until specifically advised
otherwise, you may accept the same as conclusive evidence of the truth and
accuracy of the statements contained therein. You agree to comply with the
following special instructions:

                                       
                                         
                                         
                                         
                                               

                                       
                                         
                                         
                                         
                                               

Notwithstanding the foregoing, I agree that these special instructions shall
continue to be effective until canceled or modified by me in a subsequent
writing delivered to you.

 

5. Administrative Provisions.

 

  (a) Income. Please remit income as follows:
                                         
                                         
                                               

                                       
                                         
                                         
                                         
                                               

 

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  (b) Statements. You agree to send me statements of principal and income
transactions and appraisals of Account Assets at least quarterly, in written
form or in any other form that you choose to make available, and provide an
annual statement of income classified for federal income tax purposes, and a
schedule of security transactions for the calendar year showing gains and
losses, if the income tax costs and dates of acquisition are available. For
purposes of all reports made by you, any non-US securities denominated in non-US
currencies will be valued in the Account’s base currency, which will be in
United States dollars unless you and I agree otherwise. I agree to accept any
form of communication transmitting such information.

 

  (c) Preparation of Income Tax Returns. You are ¨ are not ¨ authorized to
prepare my income tax returns. If I have requested this service, you are
authorized to charge the Account based on the amount of work involved.

 

  (d) Shareholder Disclosure. You may disclose the Account’s or my name, address
and security position when requested to do so by any issuer of securities held
in the Account, unless I indicate that you may not (unless required by law) by
checking the box  ¨.

 

6. Representations and Warranties. I hereby acknowledge, represent and warrant
to, and agree with you, as follows:

 

  (a) Client Assets. I am the sole owner of all Account Assets and (1) there are
no restrictions on the transfer, sale or public distribution of any such Account
Assets and (2) no option, lien, charge, security or encumbrance exists over such
Account Assets, except as described to you in writing.

 

  (b) Authority. All authority given to you under this Agreement will remain in
effect until changed or terminated by me in writing. You may give a copy of this
Agreement to any broker, dealer or other party to a transaction, as evidence of
your authority to act on the Account’s behalf.

 

  (c) Understanding of Terms. I have reviewed, either alone or with my
independent agent, and understand the matters set forth in this Agreement. I
have received all information that I deem necessary or desirable in connection
with my decision to enter into this Agreement.

 

  (d) Compliance with Anti-Money Laundering Laws. To comply with United States
anti-money laundering laws and regulations, I represent as follows:

 

  (1) The Account Assets were not, and are not, directly or indirectly derived
from activities that may contravene United States federal, state or
international anti-money laundering laws or regulations to the extent that any
such laws or regulations may be applicable to me.

 

  (2) I am not:

 

  (A) a current or former senior official in the executive, legislative,
administrative, military, or judicial branches of a non-US government (whether
elected or not), or

 

  (B) a senior official of a major non-US political party, or

 

  (C) a senior executive of a non-US government-owned commercial enterprise, or

 

  (D) an immediate family member of any of the individuals described in
subsections (A) through (C) above, or a person known to maintain a close
personal or professional relationship with any such individuals.

 

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For purposes of this representation, “senior official or executive” means an
individual with substantial authority over policy, operations, or the use of
government-owned resources; “immediate family” includes a spouse, parents,
siblings, children, and a spouse’s parents or siblings.

 

  (3) I acknowledge that Federal law requires that you obtain, verify and record
information and documents to identify the persons opening new accounts. For
natural persons, this may include, without limitation, name, address, date of
birth, and social security numbers, as well as government-issued photo
identification, and for clients, other than natural persons, tax identification
numbers and documents evidencing formation (e.g., Articles of Incorporation). I
further acknowledge that you may also screen such names against various
databases to verify identity.

 

  (4) I agree to provide you with information and documentation evidencing my
identity and the source of the Account’s funds, upon your request, or if no
request has been made, promptly upon the occurrence of any change thereto.

 

  (e) Changes to Account, Circumstances or Representations in Agreement. I will
promptly notify you in writing of: (1) any change to the Account of which you
would not otherwise have knowledge; (2) any bankruptcy; (3) any event that might
affect the validity of, or your authority under, this Agreement; and/or (4) any
other occurrence that results, or threatens to result, in any of my
representations contained in this Agreement becoming false, misleading or
incomplete.

 

  (f) Past Performance Not Indicative of Future Results. I acknowledge that past
performance results achieved by accounts supervised and/or managed by you may
not be indicative of the future performance of the Account.

I agree to notify you promptly in writing of any change in the information
specified above.

 

7. Repayment of Debts; Payment of Interest. I agree to repay you whether or not
demand is made (a) the amount of any overdraft or other amounts (including but
not limited to fees) owed by me, or charges or liabilities advanced or incurred
by you, a sub-custodian, or nominee in connection with the Account (including
but not limited to attorneys’ fees), or any other account that I maintain with
you and (b) interest thereon at the rate then charged by you to your investment
management clients on demand notes, as that rate may change from time to time
(collectively “Debts”). You may charge the Account, or any other account that I
may then have with you, for any Debts.

 

8. Grant of Security Interest. To collateralize my obligations to repay any
Debts, by signing this Agreement I grant you a continuing security interest in
the Account Assets and the assets in any other account (including, but not
limited to cash, certificated and uncertificated securities and other financial
assets) that I maintain with you in the same legal capacity at any time that any
Debts are outstanding (“Collateral”). You may apply any cash, or sell any other
Collateral and apply the proceeds to repayment of the Debts and related
expenses. I agree that you will have all the rights of a secured creditor that
are provided by New York law and that you may assign any such rights.

 

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9. Your Responsibilities. Your responsibilities are solely as stated in this
Agreement. Specifically, I agree that, except as may otherwise be provided by
law, you shall not be liable for:

 

  (a) any loss that the Account may suffer by reason of any investment decision
made or other action taken or omitted in good faith and with that degree of
care, skill, prudence and diligence under the circumstances then prevailing that
a prudent person acting in a like capacity would use in the conduct of an
enterprise of a like character and with like aims;

 

  (b) any loss, expense or other liability (including but not limited to
attorneys’ fees) arising or incurred as a result of your compliance with my
instructions, reasonably and in good faith believed by you to be genuine;

 

  (c) any act or failure to act by any broker or other person with whom you or
the Account may deal in connection with the subject matter of this Agreement; or

 

  (d) any failure or delay in performance of any obligation under this Agreement
arising out of or caused, directly or indirectly, by circumstances beyond your
reasonable control, including without limitation, acts of God; earthquakes;
fires; floods; wars; terrorism; civil or military disturbances; sabotages;
epidemics; riots; interruptions, loss or malfunctions of utility, transportation
or communication service; accidents; labor disputes; acts of civil or military
authority; governmental actions and inability to obtain labor, material,
equipment or transportation.

I understand that the value of investments made for the Account may go down as
well as up, and may be subject to various market, economic and/or business risks
(and if the Account is invested in international markets, currency and political
risks, including but not limited to the risks of nationalization, confiscatory
taxation and exchange restrictions), as well as the risk that the investment
decisions made may not always be profitable or prove to have been wise. I also
understand that there is no guarantee as to the value of the Account’s
investments or the specific performance level of the Account.

I understand that securities, mutual funds and other non-deposit investments are
not deposits or other obligations of, or guaranteed by you or any other bank,
are not insured by the Federal Deposit Insurance Corporation (“FDIC”) or any
other government agency, and are subject to investment risk, including possible
loss of principal amounts invested.

 

10. General Indemnification. I agree to indemnify you to the fullest extent
permitted by law for any expense or liability (including, without limitation,
attorneys’ fees and related charges and expenses) incurred by you with respect
to the Account when acting in accordance with this Agreement or to enforce this
Agreement or any part thereof, including, without limitation, this Section 10.

 

11. Compensation. For your services under this Agreement, I authorize you to
charge the fees and charges as set forth in Schedule 1 attached to this
Agreement, as that schedule may be amended from time to time by agreement by
both parties to this Agreement. You may charge         % against income and
        % against principal; or to the extent that the income is insufficient to
cover the percentage of fees and charges indicated, then the balance thereof is
to be charged against principal.

 

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12. Conflicts. Nothing in this Agreement shall be deemed to limit or restrict
your right, or the right of any of your officers, directors or employees, to
engage in any other business or to render investment management services or
services of any kind to any other client. I understand that you provide
investment management services to numerous other accounts. I understand that you
may give advice and take action with respect to any of your other clients and
their accounts that may differ from the timing or nature of action taken by you
with respect to the Account. Nothing in this Agreement shall impose upon you any
obligation to purchase or sell or to recommend for purchase or sale, with
respect to the Account, any security (including long and short positions) that
you, or your Affiliated or Subsidiary Companies, or your or their directors,
officers, employees or family members of any of them may purchase or sell for
its or their own account(s) or for the account of any other client. For purposes
of this Agreement, “Affiliated or Subsidiary Companies” are those operating
companies and investment entities, directly or indirectly controlled by, or
under common control with, you or your parent company, Franklin Resources, Inc.,
and whether using the name Fiduciary, Templeton, Franklin, FTI or any other
name.

I acknowledge that your ability and that of your Affiliated and Subsidiary
Companies to effect and/or recommend transactions may be restricted by
applicable regulatory requirements in the United States and elsewhere and/or
your or their internal policies designed to comply with such requirements.
Consequently, there may be periods when you may not initiate or recommend
certain types of transactions in certain investments when you or your Affiliated
or Subsidiary Companies are performing services or when aggregated position
limits have been reached, and I will not be advised of that fact.

I acknowledge that you or your Affiliated or Subsidiary Companies may obtain and
keep profits, commissions and fees in connection with activities for other
clients and from their own accounts. I also acknowledge that you may receive
compensation from distributors of mutual funds, including money market funds,
for performing shareholder servicing functions that such distributors would
otherwise have to perform themselves. If any Account Assets are invested in such
funds, you are authorized to receive this compensation.

 

13. Proxies and Other Legal Notices. Decisions on proxy voting will be made by
you unless such decisions are expressly reserved by me. You shall not be
expected or required to take any action other than the rendering of
investment-related advice with respect to lawsuits involving securities
presently or formerly held in the Account, or the issuers thereof. However, you
will use commercially reasonable efforts to file proofs of claim on behalf of
the Account in class-action suits and, in that connection, you may, without
prior permission or consent, include information about the Account. I
acknowledge that by filing a proof of claim on my behalf, you may waive my right
to pursue separate litigation against the issuer with respect to the subject
matter of the lawsuit. Should you determine to undertake litigation against an
issuer on behalf of one or more clients, you shall obtain my prior written
consent to undertake such litigation before I am included in any such
litigation. If I consent to such litigation, I agree to pay the portion of any
reasonable legal fees associated with my claim or I will forfeit any claim to
any assets that you may recover on behalf of the Account, up to the amount of
such legal fees owed by me to you. If I do not consent to such litigation, I
agree to hold you harmless for excluding the Account from such action and agree
to indemnify you against any claims the Account may have against you resulting
from the Account exclusion.

 

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14. Brokerage. In selecting brokers or dealers to execute trades, you are
expressly authorized to consider the fact that a broker or dealer has furnished
statistical, research or other information or services which enhance your
investment research and portfolio management capability, generally, even if the
commission exceeds the commission which another broker would have charged for
effecting the transaction; provided that you determine in good faith that the
amount of commission charged was reasonable in relation to the value of
brokerage and/or research services provided by such broker, either in respect of
the Account or your overall responsibilities to your discretionary accounts.

Nothing herein shall preclude the “bunching” of orders for the sale or purchase
of portfolio securities in the Account with other accounts managed by you. In
some cases, prevailing trading activity may cause you to receive various
execution prices on the entire volume of any security sold for the accounts of
your clients. When this happens you may average the various prices and charge or
credit the Account with the average price, even though the effect of this
aggregation of price may sometimes work to the disadvantage of the Account. I
also understand and acknowledge that you or your affiliates may, based upon
factors that you deem to be important, such as the relative size, investment
objectives and/or investment restrictions of client accounts, restrict to
certain accounts purchases and sales of securities acquired in initial public
offerings, including those that trade or are expected to trade at a premium in
the secondary market.

 

15. Confidential Relationships. All information and recommendations furnished by
either party to the other shall at all times be treated in strictest confidence
and shall not be disclosed to third persons, except as may be permitted by law
or regulation, or except upon the prior written approval of the other party to
this Agreement.

 

16. Communications. All Account documents and other instructions or notices, as
applicable, required to be in writing shall be deemed duly given when delivered
in person or sent by first-class mail, postage prepaid, overnight courier, or
confirmed facsimile, with original to follow, to me at my address below, or to
you addressed as follows:

Fiduciary Trust Company International

600 Fifth Avenue

New York, New York 10020

Either party may, by written notice given at any time, designate a different
address for the receipt of Account documents, instructions or notices due under
this Agreement.

 

17. Use of Affiliated or Subsidiary Companies. You may delegate all or part of
your duties under this Agreement to any Affiliated or Subsidiary Company.

 

18. Governing Law. This Agreement will be governed by the laws of the State of
New York without regard to any laws that might otherwise apply under principles
of choice of law or conflicts of law.

 

19.

Entire Agreement; Amendment; Termination. This Agreement sets forth and restates
the entire understanding of the parties with respect to the Account, and
replaces all previous agreements, understandings and communications, oral or
written. It can only be amended by both parties in writing, except that, if you
send me notice of an amendment, it will become effective thirty days later
unless I object in writing within that time. I may terminate this

 

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Agreement at any time by written notice to you. You may terminate it on thirty
days’ written notice to me. Sections 6, 7, 8, 9, 10, 11, 15, 16, 18 and 19 shall
survive the termination of this Agreement. This Agreement will not be terminated
automatically or otherwise affected by any subsequent disability or legal
incompetence on my part. Upon termination you will have no further obligations
hereunder, provided that any liability under this Agreement of either party to
the other shall survive and remain in full force and effect with respect to
transactions that have been initiated, but not completed, and with respect to
any other claim or matter on which either of the parties has given the other
written notice prior to such termination, until such liability has been finally
settled (except that you will be entitled to your fees, prorated to the date of
termination). If liquidation of any part of the Account is necessary or desired
by me, you will do so in an orderly manner and, after settlement of all amounts
outstanding from the Account, you will transfer such liquidated assets and any
other remaining Account Assets to me or in accordance with my instructions.

 

20. Severability. The provisions of this Agreement are severable. If any
provision, or part thereof, is determined to be void, voidable, illegal or
invalid, the remaining provisions of this Agreement, and parts thereof, shall
continue to be valid and enforceable.

 

AGREED:    

 

Signature

FIDUCIARY TRUST COMPANY INTERNATIONAL    

 

Name (Please Print)

By:  

 

   

 

 

Signature

 

   

Address

 

 

 

Name and Title (Please Print)

   

 

City                                       
State                                 Zip Code

Date:  

 

   

 

      Telephone

 

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