Instructions to Open or Update a Schwab One Trust Account with Optional Schwab …content.schwab.com/MARS-files/LPM27474.pdf · 2018. 12. 27. · Charles Schwab & Co., Inc. Attn:

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©2017 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. ©2017 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC1212940 (0817-7ZCA) REG78503-06 (07/17)

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IMPORTANT: Please attach only a copy, not originals, of the title page or fi rst page and all signature pages of the Trust documentation along with this Application. (Schwab does not have the practice of returning original documents.) Please do not attach the entire Trust document or any additional pages unless requested by Schwab. Failure to comply with these instructions may delay the account opening process, as Schwab may require additional signatures and acknowledgment from the Trustee(s).

As you complete this application, please note:

A minimum deposit of $1,000 is required to open a Trust account. The minimum deposit is waived if you open a Schwab Bank High Yield Investor Checking Trust account or if you establish a monthly transfer of at least $100 through either Direct Deposit or Schwab MoneyLink®. If you are reregistering an existing Schwab account, the minimum deposit does not apply.

Notarization of Trustee(s) signature is required in Section 15 of the Schwab One Trust Account Application. Exception: Notarization is not required for Revocable Trusts where all Grantor(s) (the individual(s) establishing and initially funding the Trust), current Trustee(s), and current Benefi ciary(ies) are the same individual(s), or if you are only adding Schwab One checks or Visa® Debit Cards to an existing Trust Account.

For example, a husband and wife are the Grantors, current Trustees, and current Benefi ciaries; therefore, no notarization is required. However, when one spouse passes away, the surviving spouse, who is one of the original Grantors and is a current Trustee and Benefi ciary, will need to have his/her signature notarized.

For a Revocable Trust, attach a copy of the title page or fi rst page and all signature pages of the Trust documentation along with this Application. All pages of the Certifi cation of Trust, Memorandum of Trust, Affi davit of Trust, or Abstract of Trust may be submitted to satisfy the trust documentation.

For an Irrevocable Trust, attach a copy of the title page or fi rst page and all signature pages of the Trust documentation along with this Application.

For a Sub-Trust (e.g., Marital Trust, Bypass Trust, or Generation-Skipping Trust), in addition to the requested documentation listed above, please provide copies of the page(s) of the original Trust document with the provision outlining the creation of the Sub-Trust.

For a Testamentary Trust, Schwab will require copies of the fi rst page and signature page(s) of the Will and evidence that the Will has been fi led with the court. Schwab will need a copy of the provision within the Will that allows for the establishment of the Testamen-tary Trust upon the death of the Grantor.

All Trustees must initial and sign the Trustee Certifi cation page in Section 12, sign Section 14, and, if you are applying for a Schwab Bank High Yield Investor Checking Trust Account, sign Section 5 of the attached application for that account.

Schwab, like all U.S. fi nancial institutions, is required to follow federal regulations to assist the government in its efforts to combat money laundering and other fi nancial crimes. This Application therefore requests specifi c information and documentation in order to verify the identity of the entity and its Control Persons, Authorized Individuals, and Benefi cial Owners.

Please return pages 1–12 of this form, plus the title and all signature pages of the Trust documentation, using any of the following methods:

• Upload online with Secure Messaging (if you are an existing client and have online access to your account):

1. Go to Schwab.com.2. Log in to your account.3. Click the Message Center link (under Accounts), and then click the Compose New Message link.4. Upload your form as an attachment by clicking the Add File button.5. When your message is complete, click Send.

• Mail to any of the following addresses:

Regular MailCharles Schwab & Co., Inc.Attn: IS Document ControlP.O. Box 982600El Paso, TX 79998-2600

Regular MailCharles Schwab & Co., Inc.Attn: IS Document ControlP.O. Box 628291Orlando, FL 32862-8291

Overnight MailCharles Schwab & Co., Inc.Attn: IS Document Control1945 Northwestern DriveEl Paso, TX 79912

Overnight MailCharles Schwab & Co., Inc.Attn: IS Document Control1958 Summit Park Drive, Ste. 200Orlando, FL 32810

• Fax to 1-888-526-7252.

• Bring to your nearest Schwab branch. (Visit schwab.com/branch for locations.)

Please retain this page for your fi les. You do not need to send it back to Schwab.

Instructions to Open or Update a Schwab One® Trust Account with Optional Schwab Bank High Yield Investor Checking® Account

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1. Establish Your Account(s) (Check one.) Please review the documentation requirements listed on the previous page. Please follow these instructions precisely or the opening of your

account may be signifi cantly delayed. If you are submitting a handwritten form, please print in ALL CAPITAL LETTERS.

Open a new Schwab One Trust account only. (This option must be selected for Testamentary Trusts new to Schwab and Trust accounts utilizing an Entity Trustee.) (Please complete all sections of the Application. All Trustees must sign this Application and the attached Trustee Certifi cation.)

Open a Schwab One Trust account and a Schwab Bank High Yield Investor Checking® Trust account. (Not available for Testamentary Trust accounts or Trust accounts utilizing an Entity Trustee.) (Complete Sections 1–15 of the Schwab One Trust Account Application and Sections 1–4 of the Schwab Bank High Yield Investor Checking Trust Account Application.)

Note: To open a Schwab Bank High Yield Investor Checking Account, all Trustees must be U.S. citizens or U.S. resident aliens and reside in the U.S. or one of its territories (except Guam), or have a U.S. military address. All Trustees must be individuals and cannot be organizations, other trusts, or business entities. High Yield Investor Checking Accounts, including Visa® Platinum debit card, are not available for trusts with Entity Trustees.

Convert an existing Schwab or Schwab One account to a Schwab One Trust account and keep the same account number. If the Tax ID number is changing, a new account must be opened.

• If all the current account holders are also the Trustees and the Tax ID number is not changing, please write the account number below, complete all sections of the Application, and have all Trustees initial or sign where indicated.

• If all of the parties on the existing account will not be acting as Trustees on the Trust account, the parties on the existing account must provide Schwab with a Letter of Authorization (LOA) requesting the removal of the account holder(s) and the conversion to a Trust account. The LOA must be signed by all parties on the existing account.

• Important Note for POA: If your existing account has a Power of Attorney (POA) that you wish to retain, all Trustees of the Trust must complete and sign a new POA.

2. Add Cash Features to an Existing Schwab One Trust Account Add Schwab One checks or Visa Platinum debit card(s) to an existing Schwab One Trust account. Please provide your account number below, complete Section 11, sign and initial the Trustee Certifi cation, and sign the Application. Return all pages of this Application to Schwab, including the pages that do not apply to adding cash features to an existing Schwab One Trust account.

Notarization is not required if you are only adding the checking feature to an existing Trust account. (If you are only adding Schwab One checks or Visa Platinum debit card(s) to an existing Schwab One Trust account, you must submit additional Living or Testamentary Trust documentation, e.g., title and signature pages of the Trust, as specifi ed on the previous page.)

Existing Schwab or Schwab OneAccount Number

3. Trust InformationWe respect your privacy. Charles Schwab & Co., Inc. (“Schwab”) will use the information you provide to open and service your accounts, communicate with you, and provide information about products and services. Read about Schwab’s privacy policy at www.schwab.com/privacy.

Type of Trust (Select only one.)

Revocable Trust where all Grantor(s), current Trustee(s) and current Bene� ciary(ies) are all the same individual(s). (Notarization is not required.)

Other Revocable Trust*

Irrevocable Trust*† Please specify the type of Irrevocable Trust:

Grantor Retained Annuity Trust (GRAT) Charitable Remainder Unitrust (CRUT) Charitable Remainder Annuity Trust (CRAT)

Family Descendants Generational Remainder Other _______________________________________________________________________________________

Testamentary Trust (created by will or probate)*

If this is a Testamentary Trust, enter the decedent’s name:

Name (First) (Middle) (Last)

*Notarization of Trustees’ signatures is required. See Section 15. † Tax-exempt trusts must provide proof of exempt status, such as a Tax Declaration Letter.

Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value

Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affi liated companies and wholly owned subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services are offered by Schwab Bank, member FDIC and Equal Housing Lender.

FOR CHARLES SCHWAB USE ONLY:Branch Offi ce and Account Number

Page 1 of 12

Schwab One® Trust Account Applicationfor Trusts Domiciled in the United States

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Full Legal Name of Trust

Trust Tax ID Number (If a Trust Tax ID is not provided, then a Form W-9 will need to be completed and submitted with this form.) Date of Trust (mm/dd/yyyy)

Trust is governed by the laws of the state of: __________________________________________________________________________________________________________________________________________

Is the Trust a 10% shareholder of a publicly traded company? No Yes

(If “yes,” enter company name _______________________________________________________________________________ and trading symbol ______________________.)

Has the original Trust Agreement been amended or restated? No Yes

Most Recent Amendment Date ______________________________________________________________ Most Recent Restatement Date ___________________________________________________________

Trust Annual Income: Under $15,000 $15,000–$24,999 $25,000–$49,999 $50,000–$99,999 $100,000 or More

Trust Liquid Net Worth: Under $25,000 $25,000–$49,999 $50,000–$99,999 $100,000–$249,999 $250,000 or More Specify: ______________________________

4. Trustee InformationSchwab will use the information you provide to open and service accounts, communicate with you, and provide information about products and services. Read about Schwab’s privacy policy at www.schwab.com/privacy. As required by U.S. federal law, Schwab will use the information provided for each of the individuals named below to verify the identity of the Trust and persons related to it.

If there are more than two Trustees, please complete and attach a separate photocopy of the Co-Trustee section on pages 3 and 4 for each additional Trustee. All Trustees must sign the Trustee Certifi cation (Section 12) and the Application (Section 14).

Primary Trustee

Schwab will use the Trustee address listed in this section as the address for the account unless you are supplying information for an Entity Trustee in Section 5.

Is this Trustee also a Grantor of the Trust? No Yes


Are you known by another name? Specify: Mother’s Maiden Name

Home/Legal Street Address (no P.O. boxes, please) City State Zip Code

Mailing Address (if different from above; P.O. boxes may be used) City State Zip Code

Home Telephone Number

( )

Business Telephone Number

( )

Cellular Telephone Number

( )

Social Security/Tax ID Number Date of Birth (mm/dd/yyyy) Email Address*

Country(ies) of Citizenship (Must list all; if not a U.S. citizen, please complete identifi cation information below.)

USA Other: ______________________________________ Other: ______________________________________

Country of Legal Residence

USA Other: ______________________________________

Employment Status (Select only one.)

Employed Self-Employed Retired Homemaker Student Not Employed

Employer Name/Business Name

Occupation (If you selected “Employed” or “Self-Employed,” select one option that best describes your occupation.)

Business Owner/Self-Employed Financial Services/Banking Professional Military Consultant

Executive/Senior Management Information Technology Professional Educator Other (specify): _________________________________

Medical Professional Other Professional Clerical/Administrative Services

Legal Professional U.S. Government Employee (Federal/State/Local) Trade/Service (Labor/Manufacturing/Production)

Accounting Professional Foreign Government Employee (Non-U.S.) Sales/Marketing

3. Trust Information (Continued)

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Business Street Address (no P.O. boxes may be used) City State Zip Code

Are you affi liated with or employed by a stock exchange or member fi rm of an exchange or FINRA, or a municipal securities broker-dealer? No Yes

(If “yes,” you must attach a letter from your employer or affi liated broker-dealer approving the establishment of your account when submitting this Application.

List the company name ___________________________________________________________________.)

Are you a director, 10% shareholder or policy-making offi cer of a publicly held company? No Yes


Marital Status

Single Married Divorced Widowed Number of Dependents: ______________________

Investment Knowledge (Select only one.)

None Limited Good Extensive

THIS SECTION TO BE COMPLETED BY A PRIMARY TRUSTEE WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT.

Country of Birth (Required for foreign citizens and/or foreign residents only.)

Identifi cation Type

Passport U.S. Driver’s License U.S. Gov’t-Issued ID

Identifi cation Number

State or Country of Issuance Issue Date (mm/dd/yyyy) Expiration Date (mm/dd/yyyy)

Co-Trustee (if applicable)Is this Trustee also a Grantor of the Trust? No Yes


Are you known by another name? Specify: Mother’s Maiden Name

Home/Legal Street Address (no P.O. boxes, please) City State Zip Code

Mailing Address (if different from above; P.O. boxes may be used) City State Zip Code


( )


( )


( )

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

Country(ies) of Citizenship (Must list all; if not a U.S. citizen, please complete identifi cation information below.)

USA Other: ______________________________________ Other: ______________________________________


USA Other: ______________________________________










Business Street Address (no P.O. boxes may be used) City State Zip Code


4. Trustee Information (Continued)

Primary Trustee (Continued)

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Are you a director, 10% shareholder or policy-making offi cer of a publicly held company? No Yes


Marital Status




THIS SECTION TO BE COMPLETED BY A CO-TRUSTEE WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT.






5. Entity Trustee (if applicable)Complete this section if any one of the Trustee(s) is an entity (corporate trustee or other entity). Also complete and return the Supplemental Trust Account Application for Entity Trustees. Schwab will use the entity’s address as the address for the account.

Is this Trustee also a Grantor of the Trust? No Yes

Entity Name (please supply if your Trustee is not an individual)

Legal Street Address (no P.O. boxes, please) City State Zip Code

Country of Incorporation/Establishment State of Incorporation/Establishment

Entity Tax ID Number Business Telephone Number

( )

State or Federal Regulator (if applicable)

Required Information About Entity Agents

• Please complete this section for each individual who is authorized by the Entity Trustee to transact business with Schwab.

• If there is more than one individual who is authorized by the Entity Trustee to transact business with Schwab, please make, complete, and attach additional copies of this section.

• Schwab will have no obligation of inquiry with respect to the validity of, or authority with respect to, any transaction or instruction provided by an Authorized Individual.

Entity Agent

Title or Capacity of Individual (Select all that apply.)

Director President Vice President CFO Treasurer Secretary Other:


Home Street Address (no P.O. boxes, please) City State Zip Code


( )


( )


( )

4. Trustee Information (Continued)

Co-Trustee (Continued)


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










Business Street Address City State Zip Code


If “yes,” also enter company name . (You must attach a letter to this application that is from your employer, approving the establishment of this account.)

Are you a director, 10% shareholder, or policy-making offi cer of a publicly held company? No Yes

(If “yes,” also enter company name and trading symbol .)



Email Address*

* By providing your email address, you consent to receiving email from Schwab.

THIS SECTION TO BE COMPLETED BY ENTITY TRUSTEE WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT

Country(ies) of Citizenship (Must list all.)

USA Other: Other:


USA Other:

ID Number and Type

Passport Driver’s License Gov’t-Issued ID

Country or State of Issuance Expiration Date (mm/dd/yyyy)

6. Grantor Information (Required information about the Grantor(s) who is not a Trustee(s))

Information about each Grantor must be provided below unless any of the following apply:

A. The Trust is a Testamentary Trust and the decedent’s name was provided above.

B. The Grantor(s) is a Trustee(s) and completed the “Trustee Information” section above.

Grantor 1

Type of Grantor (Please select only one.)

Individual Organization Trust

Grantor First Name Middle Name Last Name/Entity Name

If the Grantor is an entity, please list the state or country in which the Grantor entity was established:

Date of Birth (mm/dd/yyyy) If the Grantor is deceased, please provide the date of death and proceed to Section 7:

Grantor Home/Legal (Physical) Street Address (no P.O. boxes, please) City State or Province Zip Code

Telephone Number Social Security/Tax ID Number



5. Entity Trustee (Continued)

Entity Agent (Continued)

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Country(ies) of Citizenship (Required) (Must list all; if not a U.S. citizen, please complete identifi cation information below.)

USA Other: ______________________________________ Other: ______________________________________


USA Other: ______________________________________




Is the Grantor a 10% shareholder or policy-making offi cer of a publicly held company? No Yes


Marital Status




THIS SECTION TO BE COMPLETED BY A GRANTOR WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT.






Grantor 2

Type of Grantor (Please select only one.)

Individual Organization Trust

Grantor First Name Middle Name Last Name/Entity Name

If the Grantor is an entity, please list the state or country in which the Grantor entity was established:

Date of Birth (mm/dd/yyyy) If the Grantor is deceased, please provide the date of death and proceed to Section 7:

Grantor Home/Legal (Physical) Street Address (no P.O. boxes, please) City State or Province Zip Code

Telephone Number Social Security/Tax ID Number

Country(ies) of Citizenship (Required) (Must list all; if not a U.S. citizen, please complete identifi cation information below.)

USA Other: ______________________________________ Other: ______________________________________


USA Other: ______________________________________




Is the Grantor a 10% shareholder or policy-making offi cer of a publicly held company? No Yes



6. Grantor Information (Continued)

Grantor 1 (Continued)



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Marital Status




THIS SECTION TO BE COMPLETED BY A GRANTOR WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT.






Note: If there are more than two Grantors, please complete and attach a separate photocopy of the Grantor 2 Section on pages 6 and 7 for each additional Grantor.

7. Your Consent to Enroll in Schwab’s Cash Features ProgramThe Cash Features Program is a service that offers the Bank Sweep feature (a “Cash Feature”) to permit your uninvested cash (the “Free Credit Balance”) to earn income while you decide how those funds should be invested longer term.

You understand that additional information about the Cash Features Program and each Cash Feature is available in the Cash Features Disclosure Statement.

By signing this Application, you consent to having the Free Credit Balance in your brokerage account included in the Cash Features Program, as described in the Cash Features Disclosure Statement.

The Bank Sweep feature is designated as the Cash Feature for brokerage accounts of account holders residing in the U.S. Through the Bank Sweep feature, Schwab automatically makes deposits to and withdrawals from deposit accounts at one or more Sweep Banks that are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 (including principal and accrued interest) when aggregated with all other deposits held by you in the same insurable capacity.

You understand and agree that Schwab may (1) make changes to the terms and conditions of the Cash Features Program; (2) make changes to the terms and conditions of any Cash Feature; (3) change, add, or discontinue any Cash Feature; (4) change your investment from one Cash Feature to another if you become ineligible for your current Cash Feature or your current Cash Feature is discontinued; and (5) make any other changes to the Cash Features Program or Cash Feature as allowed by law. Schwab will notify you in writing of changes to the terms of the Cash Features, changes to the Cash Features we make available, or changes to the Cash Features Program prior to the effective date of the proposed change.

8. Fund Your Schwab One Trust Account A check or money order made payable to the name of the Trust is enclosed for $ _______________________________ .

Transfer funds from another fi nancial institution. Please complete the Transfer Your Account form enclosed.

Electronic transfer via Schwab MoneyLink® (Schwab MoneyLink Electronic Funds Transfer Form enclosed.)

Deposit funds using the Schwab Mobile application. Download the Schwab Mobile app and apply for Schwab Mobile DepositTM. (You must be approved for this service. This option is not available for Testamentary Trusts.)

Note: To fund your High Yield Investor Checking Trust account, make a selection in Section 4 of the Schwab Bank High Yield Investor Checking® Trust Account Application.


6. Grantor Information (Continued)

Grantor 2 (Continued)

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9. Paperless Document EnrollmentHere’s how paperless works: The Primary Trustee or Authorized Entity Agent, as applicable, will receive account statements, trade confi rmations, shareholder materials, account agreements and related disclosures, and other regulatory documents, if available in paperless form, by email. For certain documents, including account statements, you will receive an email notifi cation with a link to log on to our secure website to access your documents. For complete information, please see Important Information About Your Informed Consent to Receive Paperless Documents in the Appendix to this application.

To opt for Paperless Documents, simply provide your email address in Section 4 or Section 5, as applicable. The completion of your enrollment will depend on one of the following scenarios.

Scenario 1:

If you are the Primary Trustee or Authorized Entity Agent, as applicable, and already have an account enrolled in Paperless Documents using the email address provided in Section 4 or Section 5, as applicable, have logged on to Schwab.com in the past six months, and agree to the following, your paperless enrollment will be complete once your account is opened.

• I have read and understood the Important Information About Your Informed Consent to Receive Paperless Documents in the Appendix to thisapplication and consent to enrolling this account in Paperless Documents.

• I understand that I will receive an email with my new account agreement and related disclosures.

Or

Scenario 2:

If you are the Primary Trustee or Authorized Entity Agent, as applicable, and do not have an existing account enrolled in Paperless Documents, are using a different email address, or have not logged on to Schwab.com in the past six months, we will send you an email after the account is opened. To complete enrollment, you will need to click the “I Consent” button in that email and/or follow the instructions to access Schwab.com. If you do not click the “I Consent” button, this account will not be enrolled in Paperless Documents and we will send your account agreement and related disclosures, as well as future regulatory documents, by postal mail.

If you do not want to participate in Paperless Documents, please check the box below.

No, do not enroll my account in Paperless Documents. Please send my regulatory documents via postal mail.

10. Required Information About the Account

Overall Investment Objective(s) of Your Schwab One Brokerage Account (Please select all boxes that apply.)

Capital Preservation. You are seeking to minimize the potential of losing your initial investment.

Income. You are seeking the continued receipt of current income while recognizing and accepting the risks of income-generating investments.

Growth. You are seeking to increase the value of your investments over time while accepting price fl uctuations and volatility.

Speculation. You are willing to assume a higher risk of loss in exchange for potentially higher returns.

Margin

A margin account allows the Trustee to borrow against eligible securities. Margin loans can be used to purchase additional securities, to sell securities short, to obtain short-term fi nancing, or as a source of overdraft protection. If you select the margin feature, your Trust Agreement must speci� cally authorize the Trustee(s) to establish a margin account. Check below if you do not wish to have the margin feature or if the Trust Agreement does not authorize margin borrowing.

To learn more about margin, we encourage you to use the educational materials available at www.schwab.com/margin_education.

Margin is automatically included unless you check this box. Do NOT add margin.

Options Trading

If you are converting an existing Schwab One account to a Schwab One Trust account and your account has previously been approved for options trading and you either have options in your existing account or would like to trade options, all Trustees must complete and sign a new Add Options Trading and Margin to Your Account form.


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Source of Funds (Select all that apply.)

In this section, we’re collecting information about the categories (“sources”) of assets that will be held in your account. Please select all of the sources of the assets that will be deposited or held in your account, including the original sources of any assets that will be transferred into the account from another fi rm.

Salary/Wages/Savings Family/Relatives/Inheritance Gambling/Lottery

Social Security Benefits Investment Capital Gains Other (please specify):

Sale of Property or Business Gifts ___________________________________________________

Purpose of Account (Select all that apply.)

Investing of Trust assets Payment of Trust expenses Payment of Trustee compensation

Distribution of Trust assets Investing of pooled assets Investing for tax benefi ts

Other (please specify): __________________________________________________________________________________

11. Checking Preferences (Select one of the following options if you want to access the cash in your Schwab One Trust account.)

If you are opening only a Schwab One brokerage account and would like the ability to write Schwab One brokerage checks and/or use a Visa® Platinum debit card, please complete this section. By choosing to order Schwab One brokerage checks, you represent, warrant, and certify that the Trust permits checkwriting and/or the use of a Visa debit card. If you do not want checks or a Visa debit card, skip this section and go to Section 12.

Select only one:

Checks only*

Checks and one Visa debit card (Visa debit cards are not available for Testamentary Trust accounts*)

Checks and two Visa debit cards (second Visa debit card available only for issuance in Co-Trustee’s name*)

Upon receipt of your Schwab One Trust starter checks, you may contact a Schwab representative to order additional standard checks at no cost.

You will receive your checks and/or debit card after you fund your account.

Note: Schwab Bank High Yield Investor Checking® accounts, including Visa® Platinum debit cards, are not available for accounts with Entity Trustees or for trusts with trustees who are not U.S. citizens or U.S. resident aliens.

Anticipated Activity

On average, how many times per month do you anticipate writing checks and/or making ATM withdrawals? (Check only one.)

Less than 5 times per month

5 to 10 times per month


More than 20 times per month

*Having the name of the Trust printed at the top of the checks, along with the names of the Trustees followed by the word “Trustee,” provides protection for the client. Under Uniform Commercial Code Section 3402(b)(2), if the check does not indicate that the maker of the check is signing in their representative capacity (that is, as Trustee of a Trust), the signer may be personally liable to a holder in due course who takes the check without notice that the Trustee was not intended to be liable on the instrument.

10. Required Information About the Account (Continued)

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Schwab One®Trust Account Application for Trusts Domiciled in the United States |

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12. Trustee Certifi cationAll Trustees must initial each section to confi rm acceptance of the terms and conditions of this Trustee Certifi cation (“Certifi cation”). All Trustees must also sign and date this Certifi cation. If there are more than two Trustees, please make a photocopy and complete in full and attach.

Section 1—Authority, Ownership and Control Over Trust Assets

1. Each Trustee certifi es that no other person or entity other than the Trustee(s) has the authority to control, manage or direct the Account. Each Trustee further certifi es that this Account has not pooled the holdings of more than one benefi cial owner whose identity has not yet been disclosed to Charles Schwab & Co., Inc. (“Schwab”) in which the benefi cial owner has the ability to effect transactions.

Initial Here Initial Here

Section 2—Authorization to Open and to Transact in Account

1. By signing the Account Application (the “Application”), each Trustee represents, warrants and certifi es that Schwab is authorized to open and maintain the Account on behalf of the Trust identifi ed in the Application (the “Trust”) in accordance with the applicable Account Agreements, including without limitation the authority to accept, hold and deliver assets belonging to the Trust and to accept orders and other instructions relating to the Trust from the Trustee(s).

2. Each Trustee represents, warrants and certifi es that the Trust has been established in accordance with the laws of the governing state; that the source of funds used to fund the Account were lawfully obtained; and that the Account will solely be used for legally permissible purposes.

3. Each Trustee represents, warrants and certifi es that the Trust is a valid existing trust and that all of the information provided to Schwab on the Application is accurate. Each Trustee agrees that they have provided Schwab with information on all parties who currently have control over the Trust funds and agrees to provide Schwab with information on all future parties who control the Trust funds while the Account is open.

4. Each Trustee represents, warrants and certifi es that the Trust has not been revoked, modifi ed or amended in any manner that would cause the representations contained in this Certifi cation to be incorrect. Each Trustee agrees to notify Schwab immediately in writing of any changes that would cause this Certifi cation to become incorrect or incomplete; of any changes in the composition of the Trustees; of any changes to the Trust structure or owners or control persons of the Trust; or of any other event that could alter this Certifi cation.

5. Each Trustee understands that Schwab may request additional information and/or documentation relating to the Trust, and each Trustee agrees to provide Schwab with all requested information and/or documentation.

6. The representations and obligations stated in this Certifi cation will survive the termination of the Account.


Section 3—Trustee Roles, Responsibilities and Indemnifi cation

1. If a Trustee hires an Advisor and/or Manager, the Trustees represent, warrant and certify that either the Trust Agreement or applicable law grants the Trustees the power to delegate to others (such as a fi nancial advisor) the authority to give trading instructions with respect to the Trust’s Account with Schwab and, if authorized by a Trustee on the Account Application, to authorize Schwab to: (1) execute trades in the Account at the direction of an Advisor and/or Manager (as defi ned in the Application); (2) disburse assets for investment purposes or to the Trustees personally, as instructed by an Advisor; (3) remit checks, wire funds and make certain disbursements of funds held in the Account as regulations permit and as instructed by an Advisor (i) to banks, broker-dealers, investment companies or other fi nancial institutions for credit to an account of identical registration or (ii) to the Trustees personally at their addresses of record; and (4) pay investment advisory and related fees from the Account in the amount of an Advisor’s instructions.

2. Each Trustee represents, warrants and certifi es that either (1) the Trust expressly authorizes that each Trustee (if there is more than one) is authorized to act individually, independently and without the consent of the other Trustees; or (2) the Trustees have consented to allow each Trustee to act individually, independently and without the consent of the other Trustees with respect to the Account and that such delegation of authority is expressly authorized by the Trust and by applicable law. Each Trustee agrees that any notice delivered to one Trustee shall constitute notice to all Trustees. Schwab, in its sole discretion and for its sole protection, may require the written consent of any or all Trustees prior to acting upon the instructions of any Trustee.

3. If a Trustee applies for and utilizes the margin borrowing feature, each Trustee represents, warrants and certifi es that the Trust expressly grants them the power to trade securities on margin or otherwise (including the purchase and/or sale of option contracts) for and at the risk of the Trust and to grant authority to a brokerage fi rm, acting as principal or otherwise, to pledge, repledge, hypothecate or rehypothecate assets of the Trust. Each Trustee agrees to decline the margin borrowing feature if such authorizations for borrowing are not contained in the Trust.

4. Each Trustee represents, warrants and certifi es that the Trust expressly grants them the power to buy, sell (including short sales), exchange, and convert, tender and redeem securities without restriction as to type. Each Trustee further represents, warrants and certifi es that the Trust expressly grants them the power to withdraw assets from the Account, including the delivery of assets to and from the Account and the delivery of assets to a Trustee personally. Each Trustee agrees that Schwab shall have no duty of inquiry with respect to any trade, deposit or withdrawal from the Account, and each Trustee affi rms that all transactions effected and all instructions provided to Schwab will be in full compliance with the Trust.

5. By signing this Application, each Trustee represents, warrants and certifi es that there are no currently acting Trustee(s) of the Trust other than those signing below. Should only one person execute this Application, it is a representation that the signer is the sole current acting Trustee.

6. Each Trustee represents, warrants and certifi es that neither they nor the Trust shall impose any obligation upon Schwab for determining the purpose or propriety (1) of any instructions received from any Trustee or (2) of payments or deliveries to or among Trustees.

7. Each Trustee hereby, jointly and severally, in both their personal and representative capacities, agrees to indemnify Schwab, its affi liates, offi cers, directors, attorneys, employees and agents from, and to hold such persons harmless against, any claims, judgments, surcharges, settlements or other liabilities or costs of defense or settlement (including investigative and attorneys’ fees) arising out of or related to any act or omission to act by any Trustee with respect to the Account. Each Trustee also agrees, jointly and severally, to indemnify Schwab and hold Schwab harmless from any claim, loss, expense, or other liability for effecting any transactions and for acting upon any investment or money movement instructions provided by any Trustee.


All Trustees must sign and date below.

______________________________________________________________________________________________________ Date _______________________ Signature: Trustee Print Name (mm/dd/yyyy)

______________________________________________________________________________________________________ Date _______________________ Signature: Co-Trustee Print Name (mm/dd/yyyy)

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13. Offer/Referral Code (Optional, up to three offer/referral code entries)

Offer/Referral Code

Offer/Referral Code

Offer/Referral Code

Terms and conditions may apply. Any taxes related to an offer are your responsibility. You should consult with your tax or legal advisor regarding any tax implications and the appropriate tax treatment of an offer. For more information regarding an offer, please call 1-866-469-7017.

14. Authorization to Open AccountBy signing this Application, you acknowledge that you have received and read a copy of the attached Application Agreement, which contains a predispute arbitration provision. You acknowledge that your signature signifi es and constitutes your agreement that this account and you and the Trust’s relationship with Schwab will be governed by the Application Agreement and all incorporated agreements and disclosures, including the Schwab One International® Account Agreement and the Charles Schwab Pricing Guide, each as amended from time to time (the “Agreement and Disclosures”). You understand there are fees associated with establishing, maintaining, engaging in transactions in, and transferring assets out of this account. Unless you have declined the margin feature, you acknowledge that securities securing loans from Schwab may be lent to Schwab and lent by Schwab to others. You also acknowledge that if you trade “on margin,” you are borrowing money from Schwab and you understand the requirements and risks associated with margin borrowing as summarized in the Margin Disclosure Statement included with this Application.

For purposes of this Account Application and the attached Application Agreement, the terms “I,” “me,” “my,” “you,” “your,” and “Account Holder” refer to each person who signs this Account Application and apply with respect to both a person’s individual capacity and any applicable representative or fi duciary capacity when such a person is acting on behalf of a legal owner of assets in the account. When the legal owner of assets in the account is not a natural person, the terms “you,” “your,” and “Account Holder” also refer to such legal owner. The terms “we,” “us,” “our,” and “Schwab” refer to Charles Schwab & Co., Inc. All Trustees must sign and date this Application even if the Trustees will not conduct business in the account. Your signature(s) below will also serve as a signature card for checks and Visa® debit cards. If there are more than two Trustees, please make a photocopy of Sections 12, 14, and 15 to be completed in full with attached notarizations.


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I certify, under penalty of perjury, that (1) the number shown on this Application is the correct Taxpayer Identi� cation Number for this Trust account; (2) the Trust is not subject to backup withholding because (a) the Trust is exempt from backup withholding, or (b) the Trust is not subject to backup withholding due to a failure to report interest and dividend income; (3) the Trust is a U.S. person (a domestic trust as de� ned in federal regulations section 301.7701-7); and (4) the Trust is exempt from Foreign Account Tax Compliance Act (FATCA) reporting. I understand that if I have been noti� ed by the IRS that the Trust is subject to backup withholding as a result of dividend or interest underreporting and I have not received a notice from the IRS advising me that backup withholding is terminated, I must cross out item 2 above.

The Internal Revenue Service does not require your consent to any provision of this document other than the certi� cation required to avoid backup withholding.

The Agreement with Schwab includes a predispute arbitration clause. I acknowledge receipt of the predispute arbitration clause contained in the Required Arbitration Disclosures and Arbitration Agreement sections, on pages 2–3 of the attached Schwab One Trust Account Application Agreement.

______________________________________________________________________________________________________ Date _______________________ Signature: Trustee Print Name (mm/dd/yyyy)

______________________________________________________________________________________________________ Date _______________________ Signature: Co-Trustee

Print Name (mm/dd/yyyy)

15. Notarization of Trustee Signature(s)Trustee signatures must be notarized unless the Trust is a Revocable Living Trust where the Grantor(s) and Trustee(s) are the same individual.

(NOTARY SEAL)

Certi� cate of Acknowledgment of Notary Public*

State of ________________________________________, in the County of ___________________________________________. On ______________________,(mm/dd/yyyy)

the above-named individual(s) personally appeared before me and proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument, the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY that the foregoing paragraph is true and correct.

______________________________________________________________________ ___________________________Notary Signature Today’s Date (mm/dd/yyyy)

______________________________________________________________________ ___________________________Print Notary Name My Commission Expires (mm/dd/yyyy)

*If your state law permits, notaries may attach the appropriate notarizing declaration in lieu of this notarization.

X

Notice to CA Residents: A notary public or other offi cer completing this certifi cate verifi es only the identity of the individual(s) who signed the document to which this certifi cate is attached, and not the truthfulness, accuracy, or validity of that document.

(NOTARY SEAL)

Certi� cate of Acknowledgment of Notary Public*

State of ________________________________________, in the County of ___________________________________________. On ______________________,(mm/dd/yyyy)


______________________________________________________________________ ___________________________Notary Signature Today’s Date (mm/dd/yyyy)

______________________________________________________________________ ___________________________Print Notary Name My Commission Expires (mm/dd/yyyy)


X

Notice to CA Residents: A notary public or other offi cer completing this certifi cate verifi es only the identity of the individual(s) who signed the document to which this certifi cate is attached, and not the truthfulness, accuracy, or validity of that document.

14. Authorization to Open Account (Continued)

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This agreement relates to your account and is part of the Account Agreement between each Trustee and Charles Schwab & Co., Inc. (“Schwab”). Please retain for your fi les.

Schwab One Trust Account Application AgreementSection 1: Scope of Agreement. Your agree-ment with Schwab consists of the terms set forth in this Application Agreement and the terms set forth in the Schwab One Account Agreement, which incorporates the Charles Schwab Pricing Guide and a number of other important disclosures. The Schwab One Account Agreement is provided with this application or at the opening of your account. You agree to contact Schwab if you do not receive the Schwab One Account Agreement.In addition, you may in the future receive from Schwab supplemental terms or disclosures that pertain to certain account types, service features and benefi t packages. These supple-mental terms and disclosures, this Application Agreement and the Schwab One Account Agreement are collectively referred to as the “Agreement and Disclosures.” You agree to read the Agreement and Disclosures carefully and retain copies for your records.Section 2: Acceptance of Agreement and Disclosures. You agree that the Agreement and Disclosures govern all aspects of your relation-ship with Schwab, including all transactions between Schwab and you, and all products and services now or in the future offered through Schwab. Schwab may rely on your use of Schwab’s products and services as evidence of your continued acceptance of the Agreement and Disclosures.Section 3: Your Representations and Warranties. You represent and warrant that: (a) you are of legal age in the state in which you live, and you are authorized to enter into this Agreement; (b) you have supplied accurate information in your Account Application; (c) no additional authorizations from third parties are required for you to open the account and effect transac-tions therein; (d) except as you have otherwise indicated on your Account Application or in writing to us, (i) you are not an employee of or affi liated with any securities exchange or member fi rm of any exchange, the Financial Industry Regulatory Authority (FINRA), or any securities fi rm, bank, trust company, or insurance company, and (ii) you are not a director, 10% benefi cial shareholder, policy-making offi cer, or otherwise an “affi liate” (as defi ned in Rule 144 under the Securities Act of 1933) of a publicly traded company; and (e) this Application Agreement, as amended from time to time, is a legal, valid and binding obligation, enforceable against you in accordance with its terms.Section 4: Account Handling. Schwab will automatically hold all of your securities purchased, sales proceeds, dividends and interest. Schwab will also release your name, address and securities positions to companies in which we hold securities for your account upon request, unless you notify us otherwise in writing. If you maintain more than one account at Schwab, you authorize Schwab to transfer assets between your accounts when no written authorization is requested.

Section 5: Responsibility for Investment Decisions. You agree that you and any agent under a Power of Attorney or Investment Advisor (if you have one) are solely responsible for investment decisions in your account, including whether to buy or sell a particular security. Unless required by law, or unless Schwab provides advice to you that is clearly identifi ed as an individualized recommendation for you, you understand that Schwab has no obligation to determine whether a particular transaction, strategy or purchase or sale of a security is suitable for you. Your obligation includes an affi rmative duty to monitor profi ts and stay informed about your account and your invest-ments and respond to changes as you deem appropriate.Unless Schwab otherwise agrees with you in writing, Schwab does not have any discretionary authority or obligation to review or make recommendations for the investment of securities or cash in your account.You acknowledge that Schwab does not provide tax or legal advice.Section 6: Payment of Indebtedness. You agree to make payment of any indebtedness related to your account, including, but not limited to, any such indebtedness that results from instructions provided to Schwab by you, your agent or any attorney-in-fact under a Power of Attorney or by an Investment Advisor authorized to make transac-tions in your account. We may elect anytime, with or without notice, to make any debit balance or other obligation related to your account immedi-ately due and payable. We may report any past-due account to a consumer and/or securities credit reporting agency. We may also refer your account to a collection agency.Section 7: Granting a Lien on Your Accounts. As security for the repayment of all present or future indebtedness owed to us by each Account Holder, each Account Holder grants to us a fi rst, perfected and prior lien on; a continuing security interest in; and a right of set-off with respect to all property that is, now or in the future, held, carried or maintained for any purpose in or through Schwab, and, to the extent of such Account Holder’s interest in or through, any present or future account with us or our affi liates in which the Account Holder has an interest. In the event of a breach or default by you under this Agreement, Schwab will have the rights and remedies available to a secured credi-tor under all applicable laws in addition to the rights and remedies provided in this Agreement.Section 8: Liquidations. Whenever it is necessary for our protection or to satisfy a margin defi ciency, debit or other obligation owed us, we may (but are not required to) sell, assign and deliver all or any part of the property securing your obligations, or close any or all transactions in your account. We may choose which property to buy or sell, which transactions to close and the sequence and timing of liquidation. We may take such actions on

whatever exchange or market and in whatever manner (including public auction or private sale) that we choose in the exercise of our business judgment. You agree not to hold us liable for the choice of which property to buy or sell, or which transactions to close, or for the timing or manner of liquidation. In certain circumstances we may, at our sole discretion, liquidate your entire margin loan balance to satisfy a margin call. You agree not to hold us liable for taking such action.We may transfer property from any non-retirement brokerage account in which you have an interest to any other brokerage accounts in which you have an interest, regardless of whether there are other account holders on either account, if we determine that your obligations are not adequately secured or to satisfy a margin defi ciency or other obligation. You agree to pay on demand any account defi ciencies after liquidation, whether liquidation is complete or partial.All of the above may be done without demand for margin or notice of purchase, sale, transfer or cancellation to you. No demand for margin or notice shall impose on Schwab any obligation to make such demand or provide such notice to you in the future. Any such notice or demand is hereby expressly waived, and no specifi c demand or notice shall invalidate this waiver.Section 9: Interest on Debit Balances. We will charge and compound interest on your debit balances (whether in a Margin or Cash Account) according to our Disclosure of Credit Terms and Policies. Section 10: Borrowing Money and Using Margin. All margin transactions are subject to our Disclosure of Credit Terms and Policies and our Margin Borrowing at Schwab: Overview and Disclosure Statement. You agree not to enter an order for a margin transaction until you have read and understood the Disclosure of Credit Terms and Policies and the “Overview and Disclosure Statement.”Section 11: Loan Consent. You agree that property held in your Margin Account, now or in the future, may be borrowed (either separately or together with the property of others) by us (acting as principal) or by others. You agree that Schwab may receive and retain certain benefi ts (including, but not limited to, interest on collateral posted for such loans) to which you will not be entitled. You acknowledge that, in certain circumstances, such borrowings could limit your ability to exercise voting rights or receive dividends, in whole or in part, with respect to the property lent. You understand that for property that is lent by Schwab, the dividends paid on such property will go to the borrower. No compensation or other reimbursements will be due to you in connection with such borrowings. However, if you are allocated a substitute payment in lieu of dividends, you understand that such a payment may not be entitled to the

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same tax treatment as may have been applied to the receipt of a dividend. You agree that Schwab is not required to compensate you for any differential tax treatment between dividends and payments in lieu of dividends. Schwab may allocate payments in lieu of dividends by any mechanism permitted by law, including by using a lottery allocation system.Section 12: Using the Check & Visa® Platinum Debit Card Features. If you have requested check or Visa Debit Card feature through your account, you authorize checks and Visa Debit Cards to be issued as indicated in your Account Application. You agree that each Account Holder is authorized to write checks and engage in Visa Debit Card transactions, and you understand that if the checking feature is terminated, your Visa Debit Card will be automatically cancelled. Section 13: Linking Your Account to a Schwab Bank High Yield Investor Checking® Trust Account at Schwab Bank. If you link your account to a High Yield Investor Checking Trust account held at Schwab Bank, you authorize Schwab to accept and follow instructions received from Schwab Bank to transfer funds from your account to your High Yield Investor Checking Trust account as set forth in your Schwab Bank High Yield Investor Checking Account Application and Schwab Bank Deposit Account Agreement. The provisions of the Agreement and Disclosures relating to checks and debit cards will not apply to the services received from Schwab Bank. You authorize Schwab to act as your agent in processing those instructions from Schwab Bank. You understand and agree that Schwab has sole discretion to accept or deny, in whole or in part, any such instruction. You also agree that Schwab is not responsible for any errors in calculation or damages resulting from errors in calculations or delays in transfers. In no event will Schwab be liable for any special, indirect or consequential damages, even if we have been informed of the possibility of such damages.You authorize Schwab to act upon your requests for Real-Time Funds Transfers (as defi ned in the Schwab Bank Deposit Account Agreement) from Schwab Bank. The maximum amount you may transfer will be calculated the same way Schwab calculates the Authorization Limit for brokerage checkwriting privileges as set forth in the Schwab One Account Agreement. By requesting a Real-Time Funds Transfer, you understand that you may create a margin loan in your brokerage account that may be subject to daily interest charges.In order for transfers to occur, both your High Yield Investor Checking Trust account and your account must be open and active and linked with each other. Target Balance Transfers will be limited to your Authorization Limit (as described in the Schwab One Account Agreement), excluding your Available Margin Loan Value (as defi ned in the Schwab One Account Agreement). Overdraft Transfers will be limited to your Authorization Limit.If you have a debit balance in your account, Target Balance Transfers will not be made to your High Yield Investor Checking Trust account. Pending securities trades (including the Automatic Investment Plan [AIP]), pending

debits to your account, and pending transfers of funds from your account may not be considered in determining whether funds are available for transfer from your account to your High Yield Investor Checking Trust account at Schwab Bank.Further, transfers of funds from your account are subject to Schwab’s minimum deposit requirements. You and your account may not have any restrictions preventing Schwab from using funds in your account to satisfy a transfer instruction from Schwab Bank. If your account becomes subject to a restriction, your eligibility for this feature may be revoked and you understand that Schwab Bank may close your High Yield Investor Checking Trust account.Transfers to Schwab Bank may result in debits in your account. You acknowledge that you are responsible for all debits (and interest on debits) in your account, as described in further detail in the Agreement and Disclosures. Your account remains an obligation solely of Schwab. Likewise, your High Yield Investor Checking Trust account remains an obligation solely of Schwab Bank.Section 14: Verifi cation. You authorize Schwab to inquire from any source, including a consumer reporting agency, as to your identity (as required by federal law), creditworthiness and ongoing eligibility for the account (and that of your spouse, if you live in a community property state) at account opening, at any time through-out the life of the account, and thereafter for debt collection or investigative purposes.Section 15: Required Arbitration Disclosures. Regulatory authorities require that any brokerage agreement containing a predispute arbitration agreement must disclose that this agreement contains a predispute arbitration clause. This Agreement contains a predispute arbitration clause. By signing an arbitration agreement, the parties agree as follows:• All parties to this Agreement are giving up the

right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is � led.

• Arbitration awards are generally � nal and binding; a party’s ability to have a court reverse or modify an arbitration award is very limited.

• The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings.

• The arbitrators do not have to explain the reason(s) for their award unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the � rst scheduled hearing date.

• The panel of arbitrators will typically include a minority of arbitrators who were or are af� liated with the securities industry.

• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.

• The rules of the arbitration forum in which the claim is � led, and any amendments thereto, shall be incorporated into this Agreement.

No person shall bring a putative or certi� ed class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action; or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until:1. the class certi� cation is denied;2. the class is decerti� ed; or3. the customer is excluded from the class

by the court.Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this Agreement except to the extent stated herein.Section 16: Arbitration Agreement. Any controversy or claim arising out of or relating to (i) this Agreement, any other agreement with Schwab, an instruction or authorization provided to Schwab or the breach of any such agree-ments, instructions, or authorizations; (ii) the Account, any other Schwab account or Services; (iii) transactions in the Account or any other Schwab account; (iv) or in any way arising from the relationship with Schwab, its parent, subsidiaries, af� liates, of� cers, directors, employees, agents or service providers (“Related Third Parties”), including any controversy over the arbitrability of a dispute, will be settled by arbitration. This arbitration agreement will be binding upon and inure to the bene� t of the parties hereto and their respective representatives, attorneys-in-fact, heirs, successors, assigns and any other persons having or claiming to have a legal or bene� cial interest in the Account, including court-appointed trustees and receivers. This arbitration agree-ment will also inure to the bene� t of third-party service providers that assist Schwab in providing Services (“Third-Party Service Providers”) and such Third-Party Service Providers are deemed to be third-party bene� ciaries of this arbitration agreement. The parties agree that this arbitration agreement will apply even if the application to open the Account is denied and will survive the closure of your Account and/or the termination of services rendered under this Agreement.Such arbitration will be conducted by, and according to the securities arbitration rules and regulations then in effect of, the Financial Industry Regulatory Authority (FINRA) or any national securities exchange that provides a forum for the arbitration of disputes, provided that Schwab is a member of such national securities exchange at the time the arbitration is initiated. Any party may initiate arbitration by � ling a written claim with FINRA or such eligible national securities exchange. If arbitration before FINRA or an eligible national securities exchange is unavailable or impossible for any reason, then such arbitration will be conducted by, and according to the rules and regulations then in effect of, the American Arbitration Association (AAA). If arbitration before the AAA is unavail-able or impossible for any reason, the parties agree to have a court of competent jurisdiction appoint three (3) arbitrators to resolve any and all disputes or controversies between or among the parties. Each party shall bear its own initial

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arbitration costs, which are determined by the rules and regulations of the arbitration forum. In the event of � nancial hardship, the arbitration forum may waive certain costs in accordance with such rules. At the conclusion of the hearing, the arbitrators will decide how to assess the costs of the arbitration among the parties.Any award the arbitrator makes shall be � nal and binding, and judgment on it may be entered in any court having jurisdiction. This arbitration agreement shall be enforced and interpreted exclusively in accordance with applicable federal laws of the United States, including the Federal Arbitration Act. Any costs, fees or taxes involved in enforcing the award shall be fully assessed against and paid by the party resisting enforce-ment of said award.For FINRA arbitrations, FINRA will appoint a single public arbitrator in customer cases decided by one arbitrator. In customer cases decided by three arbitrators, investors have the option of choosing an arbitration panel with two public arbitrators and one non-public arbitrator (Majority-Public Panel Rule) or a panel of all public arbitrators (Optional All-Public Panel Rule). If the customer declines to elect a panel selection method in writing by the applicable deadline, the Majority-Public Panel Rule for selecting arbitrators will apply.All notices from one party to the other involving arbitration shall be considered to have been fully given when so served, mailed by � rst-class, certi� ed or registered mail, or otherwise given by other commercially accepted medium of written noti� cation.In addition to the above provisions, if a party

to this Agreement is or becomes a non-U.S. resident at the time of any controversy subject to this arbitration agreement, such party acknowledges and agrees to the following additional provisions:(1) The rules of the organization administering

the arbitration speci� cally provide for the formal designation of the place at which the arbitration is to be held.

(2) Entering into this Agreement constitutes consent to submit to the personal jurisdiction of the courts of the state of California, U.S.A., to interpret or enforce any or all of these arbitration provisions. Judgment on any arbitration award may be entered in any court having jurisdiction, or application may be made to such court for judicial acceptance of the award and an order of enforcement, as the case may be.

(3) The exclusive language to be used by the parties and the arbitrators in the arbitration proceedings shall be English. Any party wishing an interpreter shall make all arrangements directly with the interpreter and shall assume all costs of the service.

(4) If a party is a foreign government or state, state-owned or state-operated enterprise or other instrumentality of a foreign government or state, such party waives all rights of sovereign immunity and neither the Federal Act of State doctrine nor the doctrine of sovereign immunity shall apply insofar as any enforcement in courts located in the U.S.A. is concerned.

Section 17: Electronic Copies. The electroni-cally stored copy of your (or your agent’s)

signature, any written instructions or authoriza-tions, the Account Application and the Agree-ment and Disclosures is considered to be the true, complete, valid, authentic and enforceable record, admissible in judicial, administrative or arbitration proceedings to the same extent as if the documents and records were originally generated and maintained in printed form. You agree to not contest the admissibility or enforceability of Schwab’s electronically stored copy of such documents in any proceeding between you and Schwab.Section 18: Unclaimed Property. If no activity occurs in the Account within the time period specifi ed by applicable state law, the Account may be transferred to the appropriate state.Section 19: Information About SIPC. To obtain information about Securities Investor Protection Corporation (SIPC), including an explanatory SIPC brochure, please contact SIPC at www.sipc.org or 1-202-371-8300.Section 20: Impartial Lottery for Securities Subject to Partial Call or Partial Redemption.If Schwab holds securities for you in street name, in Schwab’s name, or in bearer form that are subject to partial call or partial redemption, then in the case of a partial call or partial redemption Schwab will use an impartial lottery system to select the securities to be called or redeemed from among accounts holding those securities. For a description of Schwab’s lottery system, please visit www.schwab.com/PartialCalls. If you would like a printed descrip-tion of Schwab’s lottery system mailed to you, please contact a Schwab representative at 1-800-435-4000.

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©2017 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC1195435 (0717-7V5V) APP31826-13 (08/17)

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• To apply for your Schwab Bank High Yield Investor Checking Trust (“High Yield Investor Checking Trust”) account, complete all sections. All Trusts must be established in the U.S. All Trustees must be U.S. citizens or U.S. resident aliens, reside in the U.S. or one of its territories (excluding Guam), and provide a U.S. mailing address.

• We respect your privacy. Charles Schwab Bank (the “Bank”) will use the information you provide on the Schwab One® Trust Account (“SchwabOne Trust”) Application to open and service your High Yield Investor Checking Trust account, communicate with you, and provide information aboutproducts and services. Read about our privacy policy in Schwab’s Facts: What Does The Charles Schwab Corporation Do With Your PersonalInformation? (or any successor publication). As required by federal law, we will use the information you provide to verify your identity.

• Once your High Yield Investor Checking Trust account is approved and opened, you will receive Visa® Platinum Debit Card(s) from the Bank. Personalized checks will be sent once your High Yield Investor Checking Trust account is funded.

1. Trust Taxpayer Identifi cation Number (Required)

Use the Trust Tax ID number provided on the Schwab One Trust Account Application.

Trust TaxID Number

2. Required Information About the AccountPurpose of Account (Please select all that apply.)

General/Personal Expenses

Payment of Trust Expenses

Educational Expenses

Distribution of Trust Assets

Payment of Trustee Compensation

Large Asset Purchase (Home, Car, etc.)

Other (specify): _______________________________________

Anticipated ActivityOn average, how many times per month do you anticipate making deposits, withdrawals, and/or transfers? (Please select only one.)

Less than 15 times per month



More than 45 times per month

3. High Yield Investor Checking Trust FeaturesSchwab Bank Bill PayThis online electronic bill payment feature is provided unless you check the box below. The feature is provided at no additional charge and will be activated after you fund your account.

Do NOT add electronic bill payment.

Overdraft ProtectionThis feature automatically transfers funds from your linked Schwab One Trust account, up to your Authorization Limit, including Available Margin Loan Value, to your High Yield Investor Checking Trust account in order to provide you with coverage against insuffi cient funds.* To discontinue this feature, please contact a Schwab representative after your account is open.

*Overdraft protection using margin sources may create a margin loan in your brokerage account that may be subject to daily interest charges, margin calls, or potential liquidation of securities. Refer to your Schwab Bank Deposit Agreement and your Schwab One Account Agreement for details.

FOR CHARLES SCHWAB USE ONLY:

High Yield Investor CheckingTrust Account Number

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5. Schwab Bank High Yield Investor Checking® Trust Account Application AgreementThese terms relate to your account and are part of the Schwab Bank Deposit Account Agreement between each account holder and Charles Schwab Bank (“the Bank”). This agreement is between the Bank and the account holder (the Trust listed on this application) for a High Yield Investor Checking Trust account, as agreed to by the Trustee(s). “I,” “me,” and “my” refer to each Trustee. I:

(1) certify that I am of the age of majority in the state in which I live, that I am legally authorized to enter into this agreement, and that the personal information provided in this application, and during the account application process, is true and correct;

(2) acknowledge that the Bank will provide me with the following documents, the terms and conditions of which are hereby incorporated by reference, before account opening or before a service is provided: (a) the Schwab Bank Deposit Account Agreement, which contains an arbitration provision, and the Terms and Conditions for the Schwab Bank Bill Pay service; (b) Schwab’s Facts: What Does The Charles Schwab Corporation Do With Your Personal Information? (or any successor publication); (c) Important Privacy Choice for Consumers, for California residents only; (d) the Schwab Bank Deposit Account Pricing Guide; and (e) the Regulation E—Electronic Funds Transfer Disclosure that is included as part of the Schwab One Trust Account Application; I acknowledge that Schwab Bank advises me to read all documents and disclosures Schwab Bank provides me prior to opening or using my account;

(3) acknowledge that if the application is approved, each Trustee will receive a Visa Platinum Debit Card once the account is opened and the Visa Debit Card Agreement, which contains the terms and conditions that apply to this card;

(4) acknowledge that, unless I specifi cally stated otherwise, I will be enrolled in the Schwab Bank Bill Pay service;

(5) acknowledge that this High Yield Investor Checking Trust account is linked with a Schwab One Trust account maintained at Charles Schwab & Co., Inc., a registered broker-dealer, and I authorize Charles Schwab & Co., Inc. to follow the instructions set forth in this application, if applicable;

(6) authorize the Bank to initiate a one-time debit entry (or credit entry in case of error) to the institution and account specifi ed by the attached voided check or savings account deposit slip, electronically or by other commercially accepted method, to initially fund the High Yield Investor Checking Trust account; I certify that the information provided on the voided check or savings account deposit slip is correct and that I am authorized to transfer funds from the specifi ed account;

(7) authorize the Bank to inquire from any source, including a consumer reporting agency, as to the identity (as required by federal law), creditworthiness, and ongoing eligibility for the account and other information at account opening, at any time throughout the life of the account, and thereafter, for debt collection or investigative purposes,of all Trustees and of the Trust itself; Schwab Bank does not consider your marital status when processing your application;

(8) certify that the information provided in this application is true and complete and that the Bank is authorized to open and maintain the High Yield Investor Checking Trust account on behalf of the Trust identifi ed in this application (the “Trust”) in accordance with the account agreements applicable to

the High Yield Investor Checking Trust account, including, without limitation, the authority to accept, hold, and deliver assets belonging to the Trust, as well as to accept orders and other instructions relating to the Trust from the Trustees;

(9) represent, warrant, and certify that the Trust expressly grants me the power to perform various functions in association with the High Yield Investor Checking Trust account, including, but not limited to, (a) opening bank accounts, (b) writing checks and otherwise withdrawing or transferring funds out of the account, (c) viewing bank account information, and (d) any other activity authorized by the Trust and the bank account agreements;

(10) represent, warrant, and certify that either (a) the Trust expressly authorizes that each Trustee, if more than one, is authorized to act individually, independently, and without the consent of the other Trustees; or (b) the Trustees have consented to each Trustee acting individually, independently, and without the consent of the other Trustees with respect to the High Yield Investor Checking Trust account and that such delegation of authority is expressly authorized by the Trust and applicable law; I agree that any notice sent to one Trustee will constitute notice to all Trustees;

(11) acknowledge that the Bank, in its sole discretion and for its sole protection, may require the written consent of any or all Trustees prior to acting upon the instructions of any Trustee;

4. Fund Your High Yield Investor Checking Trust Account (Please select one.)

Schwab Bank Bill Pay will be activated, and checks will be sent, after you fund your High Yield Investor Checking Trust account. A Visa®Platinum Debit Card will be sent upon account opening.

Make a one-time electronic funds transfer (“ACH Transfer”) of $__________________ (maximum $100,000) from your checking or savings account at another fi nancial institution. The names of the owners of the account at the other fi nancial institution must be the same as those on your High Yield Investor Checking Trust account. Be sure to attach an original, preprinted, voided check with your name and address displayed on the check or a preprinted savings account deposit slip if you select this option.

Make a one-time transfer of $__________________ from your linked Schwab One® Trust account. We recommend selecting this option only if you have chosen to fund your Schwab One Trust account via check or money order, due to the additional time required to complete the transfer process.

Deposit funds using the Schwab Mobile application. Download the Schwab Mobile app and apply for Schwab Mobile DepositTM. (You must be approved for this service.)

Make a check or money order payable to the name of the Trust, and mail it to Charles Schwab Bank, P.O. Box 982600, El Paso, TX 79998-2600 or Charles Schwab Bank, P.O. Box 628291, Orlando, FL 32862-8291.

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5. Schwab Bank High Yield Investor Checking® Trust Account Application Agreement (Continued)

I certify, under penalty of perjury, that (1) the number shown on this application is the correct Taxpayer Identi� cation Number for this Trust account; (2) the Trust is not subject to backup withholding because (a) the Trust is exempt from backup withholding, or (b) the Trust is not subject to backup withholding due to a failure to report interest and dividend income; (3) the Trust is a U.S. person (a domestic trust as de� ned in federal regulations section 301.7701-7); and (4) the Trust is exempt from Foreign Account Tax Compliance Act (FATCA) reporting. I understand that if I have been noti� ed by the IRS that the Trust is subject to backup withholding as a result of dividend or interest underreporting and I have not received a notice from the IRS advising me that backup withholding is terminated, I must cross out item 2 above.

The Internal Revenue Service does not require your consent to any provision of this document other than the certi� cation required to avoid backup withholding.

Signature(s) and Date(s) Required

XTrustee Signature Print Name Date (mm/dd/yyyy)

XTrustee Signature Print Name Date (mm/dd/yyyy)

ALL TRUSTEES MUST SIGN AND DATE BELOW IN BLUE OR BLACK INK ONLY.

By signing below, I agree to the terms listed on this agreement.

(12) represent, warrant, and certify that neither I nor the Trust impose any obligation upon the Bank for determining the purpose or suitability (a) of any instructions received from any Trustee or (b) of payments or deliveries to or among Trustees;

(13) represent, warrant, and certify that there are no other currently acting Trustee(s) of the Trust other than those signing this agree-ment; should only one person execute this agreement, it is a representation that the signer is the sole current acting Trustee; I further represent, warrant, and certify that the Trust has not been revoked, modifi ed, or amended in any manner which would cause the representations contained in this agreement to be incorrect;

(14) agree to notify the Bank immediately in writing of any change that would cause any representation contained in this agreement to become incorrect or incomplete;

(15) agree, jointly and severally, in both personal and representative capacities, to indemnify the Bank and its affi liates, offi cers, directors, employees, and agents from, and hold such persons harmless against, any claims, judgments, surcharges, settlements, or other liabilities or costs of defense or settlement (including investigative and attorneys’ fees) arising out of or related to any act, or omission to act, by the Trustee(s) with respect to the High Yield Investor Checking Trust account;

(16) acknowledge and agree that the represen-tations included in the Trustee Certifi cation

that is included as part of the Schwab One® Trust Account Application are made to both Charles Schwab & Co., Inc. and Schwab Bank;

(17) acknowledge that the representations and obligations stated in this application and agreement will survive the termination of the High Yield Investor Checking Trust account;

(18) represent, warrant, and certify that all Trustees and benefi ciaries are individuals and not organizations, corporations, or other non-individual entities; and

(19) understand if no activity occurs in the account within the time period specifi ed by applicable state law, the account may be transferred to the appropriate state.

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(1) certify that I am of the age of majority in the state in which I live, that I am legally authorized to enter into this agreement, and that the personal information provided in this application, and during the account application process, is true and correct;

(2) acknowledge that the Bank will provide me with the following documents, the terms and conditions of which are hereby incorporated by reference, before account opening or before a service is provided: (a) the Schwab Bank Deposit Account Agreement, which contains an arbitration provision, and the Terms and Conditions for the Schwab Bank Bill Pay service; (b) Schwab’s Facts: What Does The Charles Schwab Corporation Do With Your Personal Information? (or any successor publication); (c) Important Privacy Choice for Consumers, for California residents only; (d) the Schwab Bank Deposit Account Pricing Guide; and (e) the Regulation E—Electronic Funds Transfer Disclosure that is included as part of the Schwab One® Trust Account Application; I acknowledge that Schwab Bank advises me to read all documents and disclosures Schwab Bank provides me prior to opening or using my account;

(3) acknowledge that if the application is approved, each Trustee will receive a Visa® Platinum Debit Card once the account is opened and the Visa Debit Card Agreement, which contains the terms and conditions that apply to this card;

(4) acknowledge that, unless I specifi cally stated otherwise, I will be enrolled in the Schwab Bank Bill Pay service;

(5) acknowledge that this High Yield Investor Checking Trust account is linked with a Schwab One Trust account maintained at Charles Schwab & Co., Inc., a registered broker-dealer, and I authorize Charles Schwab & Co., Inc. to follow the instructions set forth in this application, if applicable;

(6) authorize the Bank to initiate a one-time debit entry (or credit entry in case of error) to the institution and account specifi ed by the attached voided check or savings account deposit slip, electronically or by other commercially accepted method, to initially fund the High Yield Investor Checking Trust account; I certify that the information provided on the voided check or savings account deposit slip is correct and that I am authorized to transfer funds from the specifi ed account;

(7) authorize the Bank to inquire from any source, including a consumer reporting agency, as to the identity (as required by federal law), creditworthiness, and ongoing eligibility for the account and other information at account opening, at any time throughout the life of the account, and thereafter, for debt collection or investigative purposes,of all Trustees and of the Trust itself; Schwab Bank does not consider your marital status when processing your application;

(8) certify that the information provided in this application is true and complete and that the Bank is authorized to open and maintain the High Yield Investor Checking Trust account on behalf of the Trust identifi ed in this application (the “Trust”) in accordance with the account agreements applicable to the High Yield Investor Checking Trust account, including, without limitation, the authority to accept, hold, and deliver assets belonging to the Trust, as well as to accept orders and other instructions relating to the Trust from the Trustees;

(9) represent, warrant, and certify that the Trust expressly grants me the power to perform various functions in association with the High Yield Investor Checking Trust account, including, but not limited to, (a) opening bank accounts, (b) writing checks and otherwise withdrawing or transferring funds out of the account, (c) viewing bank account information, and (d) any other activity authorized by the Trust and the bank account agreements;

(10) represent, warrant, and certify that either (a) the Trust expressly authorizes that each Trustee, if more than one, is authorized to act individually, independently, and without the consent of the other Trustees; or (b) the Trustees have consented to each Trustee acting individually, independently, and without the consent of the other Trustees with respect to the High Yield Investor Checking Trust account and that such delegation of authority is expressly authorized by the Trust and applicable law; I agree that any notice sent to one Trustee will constitute notice to all Trustees;

(11) acknowledge that the Bank, in its sole discretion and for its sole protection, may require the written consent of any or all Trustees prior to acting upon the instruc-tions of any Trustee;

(12) represent, warrant, and certify that neither I nor the Trust impose any obligation upon the Bank for determining the purpose or suitability (a) of any instructions received from any Trustee or (b) of payments or deliveries to or among Trustees;

(13) represent, warrant, and certify that there are no other currently acting Trustee(s) of the Trust other than those signing this agree-ment; should only one person execute this agreement, it is a representation that the signer is the sole current acting Trustee; I further represent, warrant, and certify that the Trust has not been revoked, modifi ed, or amended in any manner which would cause the representations contained in this agreement to be incorrect;

(14) agree to notify the Bank immediately in writing of any change that would cause any representation contained in this agreement to become incorrect or incomplete;

(15) agree, jointly and severally, in both personal and representative capacities, to indemnify the Bank and its affi liates, offi cers, directors, employees, and agents from, and hold such persons harmless against, any claims, judgments, surcharges, settlements, or other liabilities or costs of defense or settlement (including investigative and attorneys’ fees) arising out of or related to any act, or omission to act, by the Trustee(s) with respect to the High Yield Investor Checking Trust account;

(16) acknowledge and agree that the represen-tations included in the Trustee Certifi ca-tion that is included as part of the Schwab One Trust Account Application are made to both Charles Schwab & Co., Inc. and Schwab Bank;

(17) acknowledge that the representations and obligations stated in this application and agreement will survive the termination of the High Yield Investor Checking Trust account;

(18) represent, warrant, and certify that all Trustees and benefi ciaries are individuals and not organizations, corporations, or other non-individual entities; and

(19) understand if no activity occurs in the account within the time period specifi ed by applicable state law, the account may be transferred to the appropriate state.

These terms relate to your account and are part of the Schwab Bank Deposit Account Agreement between each account holder and Charles Schwab Bank (“the Bank”). Please read and retain for your � les.

This agreement is between the Bank and the account holder (the Trust listed on this application) for a High Yield Investor Checking Trust account, as agreed to by the Trustee(s). “I,” “me,” and “my” refer to each Trustee. I:

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Trust Account Application Agreement

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©2015 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. / Charles Schwab Bank. Member FDIC. Equal Housing Lender. CC0012354 (0515-3677) REG55434-05 (05/15)

Regulation E—Electronic FundsTransfer Disclosure

This disclosure applies to your account if you elected to fund your Schwab One® account using Schwab MoneyLink® electronic funds transfer, or if you elected to fund your Schwab Bank High Yield Investor Checking® account using either a one-time electronic funds transfer from your checking or savings account at another fi nancial institution or a one-time transfer from your Schwab One brokerage account. A complete Electronic Funds Transfer Disclosure statement applicable to each account will be provided to you with your account agreements after account opening.

Unless otherwise noted, throughout this disclosure “we,” “us,” and “our” mean both Charles Schwab & Co., Inc. (“Schwab”) and Charles Schwab Bank (“Schwab Bank”).

Business Days. Schwab’s business days , applicable to your Schwab One brokerage account, are Monday through Friday, excluding U.S. stock exchange holidays and U.S. banking holidays.

Schwab Bank’s business days, applicable to your High Yield Investor Checking account, are Monday through Friday, excluding Federal Reserve Bank holidays.

If a funds transfer is scheduled for a day other than a business day, we will make it on the following business day.

Consumer’s Liability for Unauthorized Transfers. Tell us at once if you believe an unauthorized person has transferred or may transfer money from your account without your permission. You can notify us by calling or writing Customer Service:

For your Schwab One brokerage account:

Call: 1-800-421-4488

Write: Charles Schwab & Co., Inc.Attn: IS Document ControlP.O. Box 982600El Paso, TX 79998

For your Schwab Bank High Yield Investor Checking account:

Call: 1-888-403-9000

Write: Charles Schwab Bank P.O. Box 982605 El Paso, TX 79998

Telephoning immediately is the best way of minimizing your possible losses.

Losses could include the money in your account plus, in the case of your Schwab Bank High Yield Investor Checking account, any advances or transfers from an overdraft source linked to your account. If unauthorized activity occurs, you agree to cooperate during the investigation and to complete any report or affi davit we may request.

Also, if your statement shows transfers that you didn’t make or authorize, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason kept you from telling us (such as a long trip or hospital stay), we will extend the time periods.

Disclosure of Account Information. We may disclose your name and/or information about your account or your transactions to our agents and affi liates in order to facilitate your transfer requests. We may also disclose such information to third parties in certain circumstances, which may include: (a) to banks and other entities that are involved with the products or services we offer or arrange on behalf of customers; (b) when it’s requested by a third party to complete a transaction; (c) to verify the existence or condition of your account for a credit bureau or merchant; (d) to comply with a subpoena, court order or request from a government agency or law enforcement authority; (e) to evaluate your creditworthiness or our ability to collect any debt you owe us; or (f) if you give us your permission.

In addition, for your Schwab One brokerage account, Schwab may disclose such information (a) to mutual funds that are involved with the products or services we offer or arrange on behalf of customers and (b) pursuant to Rule 14b-1 under the Securities and Exchange Act of 1934, to companies in which you hold securities, unless we receive your written objection.

Periodic Statements. Schwab will send you a monthly account statement for your Schwab One brokerage account unless there are no transfers in a particular month. In any case, you will get the statement at least quarterly.

Schwab Bank will send you a monthly statement for your Schwab Bank High Yield Investor Checking account unless there is no account activity other than the posting of interest. We will send you a statement at least quarterly, even if there is no activity in your account.

All electronic funds transfers posted to your account during the month are listed on your statement.

Our Liability for Failure to Make Transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We are not liable, for instance, if:

• Through no fault of ours, you do not have enough money in your account to make the transfer.

• In the case of your Schwab Bank High Yield Investor Checking account, the transfer would exceed the funds available under your overdraft protection option, if any.

• Your account is restricted (because of a court order or similar reason), and we are not permitted to make the transaction.

• Circumstances beyond our control (such as fi re or fl ood) prevent the transfer, despite reasonable precautions that we have taken.

• Any Automated Clearing House network or other third-party communication system from which we require information to complete transactions was not working properly.

There may be other exceptions permitted by law.

In Case of Errors or Questions About Your Electronic Funds Transfers. If you think your statement is wrong or if you need more information about a transfer listed on the statement, call or write us as soon as you can:

For your Schwab One brokerage account:

Call: 1-800-421-4488

Write: Charles Schwab & Co., Inc. Attn: IS Document Control P.O. Box 982600 El Paso, TX 79998

For your Schwab Bank High Yield Investor Checking account:

Call: 1-888-403-9000

Write: Charles Schwab BankP.O. Box 982605El Paso, TX 79998

Fax: 1-877-524-3067

We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.

We need the following information:

• your name and account number

• a description of the error or the transfer you are unsure about

• a clear explanation of why you believe it is an error or why you need more information and

• the dollar amount of the suspected error.

If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days.

We will determine whether an error occurred within 10 business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account.

For errors involving new accounts, point-of-sale or foreign-initiated transactions, we may take up to 90 days to investigate your complaint or question. For new accounts, we may take up to 20 business days to credit your account for the amount you think is in error.

We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.

You may ask for copies of the documents that we used in our investigation.

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Margin Disclosure Statementwww.schwab.com | 1-800-435-4000 (inside the U.S.) international.schwab.com | +1-415-667-8400 (outside the U.S.)

• This is important information regarding margin borrowing, if you have requested the margin feature on your brokerage account.

• Please retain this document for your fi les.

• When using margin, please keep these important rules and conditions in mind.

• A complete list of terms and conditions pertaining to margin trading and short selling, including credit terms and policies, can be found in the Account Agreement. The Account Agreement will be provided to you after account opening or you can access it at any time on our website or by calling us. Please read this important document before opening a margin account.

• For questions regarding margin borrowing, please contact us at the numbers listed above. For clients of independent investment advisors, please call your advisor directly or call Schwab Alliance at 1-800-515-2157.

When considering a margin loan, you should determine how the use of margin fi ts your own investment philosophy. It is important that you fully understand the risks, rules, and requirements involved in trading securities on margin.

The following paragraphs highlight some of the critical aspects of margin trading:

Margin trading increases your level of market risk. Margin trading increases your buying power, allowing you to purchase a greater amount of securities with your investing dollar. Therefore, your exposure to market volatility increases—a declining market could result in even greater losses. A decline in the value of your securities that you purchase on margin may require you to provide additional funds to Schwab in order to avoid the forced sale of those securities or other securities in your account.

Your downside is not limited to the collateral value in your margin account. When you buy securities on margin, you are borrowing money from Schwab for part of your transactions. Securities and other assets in your Schwab account(s) are pledged as collateral to secure this loan. These margin transactions are riskier and involve the possibility of greater loss than transactions where you are not borrowing money. If the securities in your account decline in value, so does the value of the collateral supporting your loan. When the value of the collateral falls below the maintenance margin requirements, or Schwab’s higher “house” requirements, Schwab can move to protect its position. In order to cover margin defi ciencies, Schwab may issue you a margin call—a request for additional cash—or sell securities from your account. If a sale does not cover the defi ciency, you will be responsible forany shortfall.

Schwab may initiate the sale of any securities in your account, without contacting you, to meet a margin call. Schwab will attempt to involve you in the case of margin defi ciency; however, market conditions may require the fi rm to quickly sell any of your securities without your consent. Because the securities are collateral for the margin loan, Schwab has the right to decide which security to sell in order to protect its interests. Even if Schwab has contacted you and provided a specifi c date by which you can meet a margin call, the fi rm can still take necessary steps to protect its fi nancial interests, including immediately selling the securities without prior notice to you.

Schwab’s “house” initial and maintenance margin requirements may exceed those established by the Federal Reserve Board and/or the Financial Industry Regulatory Authority, Inc. Please call Schwab for current margin requirements.

Schwab may change its initial margin requirements at any time and without prior notice. We may also impose anytime and without prior notice more stringent requirements on positions that in our sole discretion involve higher levels of risk; for example, higher limits may apply for thinly traded, speculative or volatile securities, or concentrated positions of securities.

Schwab may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance written notice. Changes in Schwab’s policy regarding “house” maintenance margin requirements often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Schwab to liquidate or sell securities in your account.

Schwab retains absolute discretion to determine whether, when and in what amounts we will require additional collateral. For example, we may require additional collateral if an account contains only one security or a large concentration of one or more securities; or low-priced, thinly traded or volatile securities; or if some of your collateral is or becomes restricted or non-negotiable or non-marginable. We may also consider market conditions, your fi nancial resources, or other factors deemed by us to be relevant given the circumstances at the time.

You are not entitled to an extension of time on a margin call. While an extension of time to meet margin requirements may be available to customers under certain conditions, a customer does not have a rightto the extension.

Some accounts that carry a margin loan balance and hold dividend-paying securities may receive a “substitute income payment in lieu of a dividend” (PIL). This payment may be taxable as ordinary income. Taxable accounts that receive a PIL instead of a qualifi ed dividend may also receive a supplemental credit from Schwab. This will be identifi ed on customer statements as a “Schwab substitute income credit.” However, when Schwab can identify that a dividend is nonqualifi ed,we will not credit your account with this additional payment.

• This credit is NOT “payment in lieu,” and is unrelated to any payment from either the security issuer or the borrower.

• It is a discretionary credit from Schwab which may be discontinuedin the future with or without notice.*

• It may be subject to tax at your ordinary income tax rate. Please consult your tax advisor about your specifi c tax situation.

• Because individual tax situations differ, Schwab cannot precisely calculate the additional tax costs a client might incur. Therefore,we do not intend, nor should clients expect, for this payment to bean exact reimbursement of any excess tax cost.

*Please refer to the “Loan Consent” section of your Account Agreement which states that no compensation is due in connection with such loans and that Schwab “is not required to compensate you for any differential tax treatment between dividends and payments in lieu of dividends.”

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The automatic investment of your free credit balance, including the frequency and the amount of each sweep, is governed by the terms and conditions set forth in the Cash Features Disclosure Statement and in the Account Agreement applicable to your account. The material in this document is intended for informational purposes only. If there is any confl ict between the descriptions in this document and the terms of your Account Agreement, your Account Agreement will control.

How the Cash Features Program Works

Schwab’s Cash Features Program is the service (described in the Cash Features Disclosure Statement) that we provide to automatically invest, or “sweep,” the Free Credit Balance in your account into a liquid investment to earn interest. The program permits you to earn income while you decide how those funds should be invested longer term.

Available Cash Feature

The available cash features currently consist of:

• Interest payments by Schwab on the Free Credit Balance in your eligible account (the “Schwab One® Interest feature”);

• Interest-bearing Deposit Accounts at our affi liated bank, Schwab Bank (the “Bank Sweep feature,” which consists of the “Schwab Bank Sweep feature” and the “Schwab Bank Sweep for Benefi t Plans feature”); and

• For some accounts, one or more affi liated money market mutual funds (the “Money Fund Sweep feature”).

Eligibility Eligibility for each cash feature is based on the registered ownership and the type of account. Not all account registrations and account types will be eligible for all cash features. Some account registrations and account types will be eligible for only one cash feature. Please see your Account Application and the Cash Features Disclosure Statement for more complete eligibility details.

Duty to Monitor Eligibility for Cash Features

It is your responsibility to monitor your eligibility for the cash features and determine the best cash feature available to you. Schwab is not responsible for contacting you if you are, or later become, eligible for other higher-yielding cash features.

Interest Rates and Yields

The interest rates and yields for the different cash features vary over time. Current interest rates and yields can be obtained by contacting your independent investment advisor or your Financial Consultant, or by calling us at 1-800-435-4000. If you already have an account, you can visit our website at www.schwab.com/cash. If your account is an Advisor Services account, please contact your advisor, visit www.schwab.com/SA_cash, or call Schwab Alliance at 1-800-515-2157.

• The interest rate on the Schwab One Interest feature is set by Schwab. We may seek to pay as low a rate as possible consistent with our views of competitive necessities. With certain exceptions, the rate will be tiered based upon the overall Household Balance of your account(s).

• The interest rate on the Schwab Bank Sweep feature is set by Schwab Bank, which may seek to pay as low a rate as possible consistent with its views of competitive necessities. With certain exceptions, the rate will be tiered based upon account type and the overall household value of your account(s) with Schwab and Schwab Bank.

• The interest rate on the Schwab Bank Sweep for Benefi t Plans feature is set by Schwab Bank, which intends to pay interest consistent with reasonable rate provisions of applicable legal and regulatory authority. Interest rates do not vary by tiers and do not vary based on householding of assets.


Cash Features Program General Terms and Conditions Page 1 of 2

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Cash Features Program General Terms and Conditions | Page 2 of 2

Interest Rates and Yields

(Continued)

• Money market mutual funds offered through the Money Fund Sweep feature seek to achieve the highest yield (less fees and expenses) consistent with prudence and their investment objectives.

Cash features are not intended to be long-term investments. If you desire to maintain cash balances for other than a short-term period and/or are seeking the highest yields currently available in the market, please contact your Schwab representative or visit www.schwab.com/cash for investment options that may be available outside of the Cash Features Program to help maximize your return potential consistent with your investment objectives and risk tolerance. If your account is an Advisor Services account, please contact your advisor, visit www.schwab.com/SA_cash, or call Schwab Alliance at 1-800-515-2157.

Benefi ts to Schwab We may charge fees and receive certain benefi ts under the different cash features. A portion of these fees and benefi ts may be shared with your investment professional. Because of these fees and benefi ts, we have a fi nancial incentive to select the particular cash features included in the Cash Features Program.

Differing Risks and Account Protection

The different cash features are subject to different risks and account protection:

• The Schwab One® Interest feature is not subject to market risk and value loss but is subject to the risk of Schwab’s failure. In the unlikely event that Schwab fails, cash is eligible for SIPC coverage up to a limit of $250,000 (including principal and interest) per client in each insurable capacity (e.g., individual or joint). Free Credit Balances held at Schwab are not insured or guaranteed by the FDIC.

• The Bank Sweep feature, which includes the Schwab Bank Sweep feature and the Schwab Bank Sweep for Benefi t Plans feature, is not subject to market risk and value loss but is subject to the risk of Schwab Bank’s failure. In the unlikely event that Schwab Bank fails, deposits at Schwab Bank are eligible for FDIC insurance protection up to a limit of $250,000 (including principal and interest) per depositor in each insurable capacity (e.g., individual, joint, and plan participant). This limit includes any other deposits you may have at Schwab Bank outside of the Bank Sweep feature. You are responsible for monitoring your bank balances in the Bank Sweep feature and the balances in any of your other bank accounts at Schwab Bank to determine if these, in total, exceed FDIC insurance limits. Monies held in the Bank Sweep feature are not covered by SIPC.

• Money market mutual funds in the Money Fund Sweep feature invest in high-quality, short-term securities and seek to maintain a stable value, but are subject to market risks and potential value loss. They are not bank accounts and are not subject to FDIC insurance protection. They are instead covered by SIPC, which protects against the custodial risk (and not a decline in market value) when a brokerage fi rm fails by replacing missing securities and cash up to a limit of $500,000, of which $250,000 may be cash. Shares held through the Money Fund Sweep feature are not considered cash, but are treated as securities for SIPC coverage.

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The Purpose and Effect of Your ConsentWe are required to give you “in writing” certain records and disclosures about our relationship and transactions in your account. You are entitled to receive those documents on paper. With your affi rmative consent, we can provide the documents to you electronically instead (“Paperless Documents”). The information below will help you understand the conditions and requirements relating to the Schwab Paperless Documents program. You can always fi nd the most up-to-date version of this important information at schwab.com/paperless_consent.

Paperless Document categories include: tax forms, trade confi rmations, account statements, and other account-related documents delivered after account opening, including account agreement amendments and program disclosures, fund prospectuses, shareholder materials, and investment advisory service disclosures. Each of these document categories is described below. Paperless Documents specifi c to your transactions and account will be available online after you log in for up to 10 years from the date of initial delivery.

Depending on where you reside, the initial scope of your Paperless Documents enrollment, and whether you have made modifi cations to your enrollment, not all of the document categories may apply to you. If you are uncertain which documents are covered by your Paperless Documents enrollment, please check online at schwab.com/paperless_services or call or email Schwab or Schwab Bank using the contact information below.

For additional information about Schwab Bank account statements, see the “Addendum” on the following page.

You indicate your consent by providing an email address and signing an account agreement, or by clicking or touching an “I consent” or other button indicating assent to, or acceptance of, the conditions and requirements relating to the Schwab Paperless Documents program, and we record your consent. The method of consent may depend on whether you are opening an account or separately enrolling in Paperless Documents for an existing account. If you do not provide consent, Schwab or Schwab Bank will send you paper copies. Your consent will be effective until you cancel your enrollment in Paperless Documents or Schwab or Schwab Bank notifi es you that the program is discontinued. If you are a joint account holder, your consent binds the other holder on your account.

By providing consent, you confi rm that you have the ability to access Schwab on the web, and the ability to open, view, save, retain, and print PDF documents as described below. This demonstrates that you can receive the Paperless Documents we will deliver to you. You also confi rm that you have provided a valid email address as part of the account opening or Paperless Documents enrollment process. The email address that you provide shall be used to send Paperless Documents for all of your enrolled accounts and categories.

Our Contact Information to Request Paper Documents or Ask QuestionsAfter you provide your consent, you may still request paper documents.To access a document and print a copy, log in to your Schwab or Schwab Bank account, select the “Accounts” tab, and then select the “History & Statements” tab and click on “Statements & Reports.” To request paper documents, ask questions, or report problems about Paperless Documents, you may contact us as follows:

To contact us by email, log in to Schwab.com, click “Contact Us,” andthen click “Send a Secure Message.” Advisor Services clients, pleaselog in to schwaballiance.com. To contact us by phone:

• Investor Services clients: 1-800-435-4000.

• Schwab Bank High Yield Investor Checking® (or other Schwab Bank) clients: 1-888-403-9000.

• Clients in the U.K.: 00 800 0826-5001.

• Clients in Switzerland: 0800 56-3711.

• Advisor Services clients: Contact your independent advisor or call1-800-515-2157.

• Schwab Intelligent Portfolios™ clients: 1-855-694-5208.

• Institutional Intelligent Portfolios™ clients: 1-877-805-3399.

To Withdraw Your ConsentWhen you change your preference back to postal mail delivery, this cancels your enrollment in Paperless Documents and withdraws your consent for the document categories you indicate. You can do this by logging in to schwab.com/paperless_services, or by calling or emailing Schwab or Schwab Bank using the contact information above. Allow 48 hours for processing. Your consent will remain effective for other document categories for which you maintain a Paperless preference.

Important note for Schwab Advisor Services clients: Canceling or modifying your enrollment may make your account(s) ineligible for lower commission rates, and the commissions you pay may increase.

Important note for Schwab Intelligent Portfolios and Institutional Intelligent Portfolios clients: Intelligent Portfolios is an all-electronic service. If in the future you request paper documents, withdraw your consent, or are unable to receive Paperless Documents, Schwab may terminate your account.

Electronic Notifi cation When a Paperless Document Is ReadyWe deliver a Paperless Document to you by sending an email to letyou know it is available. For some documents, the email itself will be the Paperless Document. For all other documents, the email will contain alink to a website where you can access the document, usually after youlog in.

Keeping Your Email Address Current, and Actions Schwab or Schwab Bank Will Take If There Is a ProblemPlease note that after three consecutive months of unsuccessful electronic delivery attempts of your tax forms, trade confi rmations, account statements, or other account-related documents, your account(s) will revert back to postal mail delivery. This will cancel your enrollment in Paperless Documents and will withdraw your consent to receive Paperless Documents.

It is your responsibility to notify Schwab or Schwab Bank of any change in your email address by logging in to the Schwab site and going to Service > MyProfi le > Email Addresses or using the contact information above. In addition to the unenrollment process outlined above, if we receive any indication either that the email notifi cation did not reach you successfully or that there is a problem with your email address or service, we will take the following actions:

• Tax Forms—Send a letter by postal mail within two business days to inform you that we were unable to deliver your tax form electronically.

• Trade Confi rmations—Send a paper copy of trade confi rmation by regular mail within 24 hours. Also send a letter by postal mail to inform you that we were unable to deliver your trade confi rmation to you electronically.

• Account Statements and Other Account-Related Documents—Send a letter informing you that we were unable to deliver your statement electronically.

• Shareholder Materials—Send a paper copy of the shareholder materials via postal mail within 24 hours. We will send you a letter informing you that we were unable to deliver your shareholder materials electronically. The account will be unenrolled from the Paperless Delivery program and we will begin to send you paper shareholder materials.

Hardware and Software RequirementsTo receive Schwab’s Paperless Documents, you need access to a device (a computer or a smartphone) with Internet service and an active email account and address, along with the following:

• A current version of a common Internet browser, with JavaScript enabled.

Important Information About Your Informed Consent to Receive Paperless Documents

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• A current version of a program, such as Adobe® Reader®, that

accurately reads and displays PDF documents. If you do not have Adobe Acrobat installed on your computer, you can download the free software at adobe.com.

• An operating system on your device that supports the above.

• A printer that connects to your device if you wish to print and retain records on paper.

• Electronic storage connected to your device if you wish to retain records in electronic form (if using your computer, just save documents to your local hard drive).

If you use your smartphone, you must access the full Schwab website to view and print your documents. If you have questions relating to hardware and software requirements, please call or email Schwab using the contact information on the previous page.

Security and Privacy InformationUnless expressly stated, email notifi cations for Paperless Documents are not encrypted. For security and confi dentiality, unencrypted emails will not include your name, full account number, or any other personal identifi er. Be aware, however, that some email addresses may use part or all of your name. If you use a work email address, your employer or other employees may have access to your email. To help you identify your account, we may include some portion, but not all, of your account number. Schwab or Schwab Bank may use a vendor to deliver Paperless Documents.

Whether Schwab, Schwab Bank, or a vendor delivers the Paperless Documents, Schwab’s privacy policy applies.

Records and Disclosures Included in Schwab and Schwab Bank’s Paperless Documents Program Tax Forms (“eTax Documents”)A tax document provides important information you need to completeyour tax returns. Much of the information we provide in tax documentsis also reported to the IRS. This includes any corrected tax documents and accompanying notices. When your tax documents are ready, we will send an email notifi cation containing a web link to the document available after you log in.

Trade Confi rmations (“eConfi rms”)A trade confi rmation is an offi cial record of your securities transaction.It includes the price, the number of shares, and the commission we charge you, as well as disclosures required under federal law. If you choose to receive Paperless trade confi rmations, the terms and conditions of your transaction will appear in the email and on a web page you can link to from the email. Your consent to receive Paperless trade confi rmations also covers Paperless Delivery of prospectuses or other regulatory information we provide to you at the time of your online trade. Your consent to receive Paperless trade confi rmations also covers Paperless Delivery of Trade Confi rmation Reports if you elect this alternative as part of your Managed Account enrollment and Schwab makes this option available in the future.

Account Statements and Other Account-Related Documents(“eStatements”)An account statement provides important information about your account, including the price and quantity of securities you hold, the transactions conducted, other activity in your account, and terms and conditions governing your account. Account statements are sent at the end of each month in which you conducted activity in your account or at the end of each calendar quarter, regardless of any account activity. With your account statements, we often include accompanying account-related notices and other regulatory information including, but not limited to, Schwab’s Consolidated Statement of Financial Condition, pricing changes, privacy policy, annual notices and amendments to your account agreements, and any other required regulatory documents and disclosures. At account opening and from time to time thereafter,

we also send you notifi cations about your account. Collectively, we call these notices and documents “account-related documents.” When you consent to Paperless account statements, you also consent to Paperless account-related documents.

Investment Advisory Service Disclosures (A Sub-Category of Account-Related Documents)Your consent to account statements and other account-related documents includes investment advisory program disclosures, brochure supplements with information about individual Schwab representatives, and related materials such as periodic updates or annual summaries of any changes to those documents (“Form ADV Disclosures”), as Schwab makes these available in the future. The investment advisory programs may include Schwab Private Client™, Schwab Managed Portfolios™, Schwab Managed Account Services™, the Schwab Advisor Network®, Schwab Intelligent Portfolios®, and other similar advisory services, and fee-based Financial Planning Services. In addition to Schwab’s and its affi liates’ own Form ADV Disclosures, your consent also covers Form ADV Disclosures from third-party investment advisors whose services you select through Schwab. Paperless Form ADV Disclosures may accompany your account statements or be sent independently. If the third party does not make its Form ADV Disclosures available electronically, you will instead receive the standard printed materials by postal mail.

Shareholder Materials (“Electronic Delivery”)Shareholder materials include regulatory information such as prospectuses; prospectus supplements; quarterly, semi-annual, and annual reports; and proxy materials. You will receive an email notifi cation with a web link to shareholder materials if you have a position in an equity or mutual fund as of the record date for a particular shareholder distribution and the materials are made available electronically by the issuer or third party. If the issuer or third party does not make shareholder materials available electronically, you will instead receive the standard printed materials by postal mail. By providing your consent to receive electronic delivery of shareholder material, you also consent to electronic householding. This means that if you and someone else enroll in this Paperless service using the same email address, we may send one email announcement to this email address if each account holds securities of the same issuer. This avoids duplicate mailings of shareholder documents. If you no longer want electronic householding of your shareholder materials, you must modify your Paperless Documents enrollment as described above. Your shareholder materials may include electronic proxies. You may elect to vote your proxy online at proxyvote.com by entering the control number included in your email announcement and the last four digits of your Social Security number or Taxpayer Identifi cation Number as your PIN.

Addendum for Schwab Bank Paperless Statements (“eStatements”)The above information regarding the purpose and effect of your consent; how to request paper or ask questions; how to withdraw consent; electronic notifi cation when your statement is ready; keeping your email address current; hardware and software requirements; and security and privacy information are all applicable to Schwab Bank accounts. Paperless Documents include account statements and tax forms. Account statements for your Investor Checking account(s), Investor Savings account(s), and Pledged Asset Line® account(s) provide important information about your accounts, including the account balance, the transactions conducted, other activity in your accounts, and other information, terms, and conditions governing your accounts. With your Schwab Bank account statements, we often include accompanying account-related notices and other regulatory information including disclosures such as annual notices and amendments to your account agreements (collectively, “Account Statement Inserts”). By consenting to Paperless Delivery of account statements for your Bank account(s), you also consent to Paperless Delivery of Account Statement Inserts.


Charles Schwab Bank and Charles Schwab & Co., Inc. are separate but affi liated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products offered by Charles Schwab & Co., Inc.are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. Deposit and other lending productsand services are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender. Charles Schwab Bank is not acting or registered as a securities broker-dealer or investment advisor.

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*APP20247-24=01*

Add Options Trading and Margin to Your Account

As You’re Filling Out This Form, Please Remember To:

• Complete Sections 1 through 4. For Organization accounts, you must complete Section 5 as well.• See Section 6 for instructions on returning your completed form. (You do not need to return the disclosures that

follow this form.)• Have all account holders, agents or attorneys-in-fact, trustees, and authorized agents (print additional copies of

pages 2, 3, 4, and 5, as needed) complete and sign this form.• Complete a separate application for each account.• Attach your account application and any other new account documents for new accounts.• Attach the Trading Options Spreads in Your IRA Authorization Agreement if you are applying for Spread Trading

(Level 2) in an IRA account. Each individual who is authorized to trade in the IRA account must sign the Agreement.

Enter Your Account Information

Schwab Account Number

Trust/Organization Account Name

Select Your Investment Strategy

Margin

Add margin to my account. The following are not eligible for margin: retirement accounts such as IRAs and 401(k) s, accounts for charitable and nonprofit organizations, and Schwab Global Accounts.*

*Securities regulations require that options spreads occur in a margin account. For IRA accounts, the IRA marginfeature is to support Spread Trading (Level 2) only. You may apply for IRA margin and Spread Trading (Level 2) byreviewing and accepting the terms of the Trading Options Spreads in your IRA Authorization Agreement. Attach thecompleted Agreement with this form when you return it to Schwab. Each individual who is authorized to trade in theIRA account must sign the Agreement.

1

For new accounts, leave this field blank.

If applicable.

2

Check this box if you would like to add margin without

adding options trading.

Covered Options (Level 0)

Purchasing Options and Cash-Secured Puts (Level 1)

Spread Trading (Level 2)

Uncovered Options Writing (Level 3)

/ /Approved By Print Name of Approver Date Approved (mm/dd/yyyy)

Source of Background Information Concerning Customer Branch Office and Account Number

FOR CHARLES SCHWAB USE ONLY

Schwab.com

1-800-435-4000(inside the U.S.)

+1-317-596-4501(U.S. residents traveling

outside the U.S.)

1-888-686-6916(multilingual services)

1-415-667-8400(Global Services)

Page 1 of 6

ADA

http://schwab.com


*APP20247-24=02*

2. Select Your Investment Strategy (continued)

Options Trading

Select the strategy level below that best fits your investment objectives. If you do not qualify for the strategy level you request, you may be approved for the highest level that is appropriate for your account type,* experience, knowledge and financial situation. If your account is approved for options trading, each account holder, agent or attorney-in-fact, trustee, and/or authorized agent on the account will be able to engage in options trading.

Covered Options (Level 0). Capital Preservation, Income and Investment Hedge. Strategy level includes covered calls, covered puts, buy-writes, unwinds, covered rollouts, and protective puts.

Add margin.

Purchasing Options and Cash-Secured Puts (Level 1). Growth, Speculation and Income. Strategy level includes all of the above, plus long calls, long puts, long straddles, long combinations, long strangles, and cash-secured equity puts.

Add margin.

Spread Trading (Level 2). Speculation and Income. Strategy level includes all of the above, plus vertical spreads, calendar spreads, diagonal spreads, condors, butterflies, box spreads, and ratio spreads (long side heavy). For IRA accounts, attach and complete the Trading Options Spreads in Your IRA Authorization Agreement.

Uncovered Options Writing (Level 3). Speculation and Income. Strategy level includes all of the above, plus uncovered calls, uncovered puts, uncovered rollouts, short straddles, short combinations, short strangles, and uncovered ratio spreads.

*Covered Options is the only strategy level permitted in custodial, ESA, CRA, PCRA, QRP, and charitable and non-incorporated association accounts. Covered Options, Purchasing Options and Cash-Secured Puts, and Spread Trading are the only strategy levels permitted in IRAs.

†Securities regulations require that options spreads occur in a margin account. For IRA accounts, the IRA margin feature is needed to support Spread Trading (Level 2) only. You may apply for IRA margin and Spread Trading (Level 2) by reviewing and accepting the terms of the Trading Options Spreads in your IRA Authorization Agreement. Attach the completed Agreement with this form when you return it to Schwab. Each individual who is authorized to trade in the IRA account must sign the Agreement.

Tell Us About Yourself

We respect your privacy. Charles Schwab & Co., Inc. (“Schwab”) will use the information you provide to open and service your accounts, communicate with you, and provide information about products and services. Read about Schwab’s privacy policy at www.schwab.com/privacy.

Individual #1 Individual #2

Name Title, First Middle Name Title, First Middle

Name Last, Suffix Name Last, Suffix

Relationship to Account: Relationship to Account:

Account Holder Account Holder

Agent or Attorney-in-Fact Agent or Attorney-in-Fact

Trustee/Grantor Trustee/Grantor

Authorized Agent of Organization Authorized Agent of Organization

Spouse of Account Holder

Marital Status: Marital Status:

Single Single

Married Married

Divorced Divorced

Widowed Widowed

Number of Dependents Number of Dependents

Please select only one strategy level.

Margin is required and automatically added.†

3

Complete this section for each individual who is authorized to

trade in this account.

Please make sure you have filled out the Schwab Power of

Attorney form.

Please check only one box.

Securities industry regulations require that we

collect this information.

Add Options Trading and Margin to Your Account | Page 2 of 6

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http://www.schwab.com/privacy


*APP20247-24=03*

3. Tell Us About Yourself (continued)

Employment Information Employment Information

Individual #1 Individual #2

Employment Status: Employment Status:

Employed Employed

Self-Employed Self-Employed

Retired Retired

Homemaker Homemaker

Student Student

Not Employed Not Employed

Employer Name/Business Name Employer Name/Business Name

Business Street Address Business Street Address

City State Zip Code City State Zip Code

Occupation Occupation

Business Owner/Self-Employed Business Owner/Self-Employed

Executive/Senior Management Executive/Senior Management

Medical Professional Medical Professional

Legal Professional Legal Professional

Accounting Professional Accounting Professional

Financial Services/Banking Professional Financial Services/Banking Professional

Information Technology Professional Information Technology Professional

Other Professional Other Professional

U.S. Government Employee (Federal/State/Local) U.S. Government Employee (Federal/State/Local)

Foreign Government Employee (Non-U.S.) Foreign Government Employee (Non-U.S.)

Military Military

Educator Educator

Clerical/Administrative Services Clerical/Administrative Services

Trade/Service Career Trade/Service Career (Labor/Manufacturing/Production) (Labor/Manufacturing/Production)

Sales/Marketing Sales/Marketing

Consultant Consultant

Other Other

Please specify. Please specify.

Source of Income Source of Income

Please list your source of income.

If you selected “Employed” or “Self-Employed,” please check one option that best describes your occupation.

Please check only one.

Securities industry regulations require that we

collect this information.


ADA


*APP20247-24=04*

3. Tell Us About Yourself (continued)

The next two questions are required. The next two questions are required.

Are you a director, 10% shareholder or policy-making officer of a publicly held company?

Are you a director, 10% shareholder or policy-making officer of a publicly held company?

Yes Yes

No No

Company Name Trading Symbol Company Name Trading Symbol

Company Name Trading Symbol Company Name Trading Symbol

Are you affiliated with or employed by a stock exchange or member firm of an exchange or FINRA, or a municipal securities broker-dealer?

Are you affiliated with or employed by a stock exchange or member firm of an exchange or FINRA, or a municipal securities broker-dealer?

Yes Yes

No No

You Must Provide Specific Information Below. You Must Provide Specific Information Below.

Financial Information Financial Information

Annual Income (Specify.) Annual Income (Specify.)

Total Net Worth (Specify.) Total Net Worth (Specify.)

Liquid Net Worth (Specify.) Liquid Net Worth (Specify.)

Stock Trading Stock Trading

Knowledge Level: Knowledge Level:

None Limited Good Extensive None Limited Good Extensive

Investment Experience: Investment Experience:Individual #1 Individual #2

Number of Years Trading (Specify.) Number of Years Trading (Specify.)

Average Number of Trades per Year (Specify.) Average Number of Trades per Year (Specify.)

Average Dollar Amount per Transaction (Specify.) Average Dollar Amount per Transaction (Specify.)

Options Trading Options Trading

Knowledge Level: Knowledge Level:

None Limited Good Extensive None Limited Good Extensive

Investment Experience: Investment Experience:

Number of Years Trading (Specify.) Number of Years Trading (Specify.)

Average Number of Trades per Year (Specify.) Average Number of Trades per Year (Specify.)

Average Dollar Amount per Transaction (Specify.) Average Dollar Amount per Transaction (Specify.)

If yes, please list all companies below and,

if applicable, on a separate sheet.

You must answer this question, as Schwab

is required by industry regulations to determine if you or someone in your

household is associated with a financial services company

such as a broker-dealer. If you answer yes, you must attach

a letter from your employer approving your request to

establish a Schwab account.

Trust/Organization account information should be based

on Trust/Organization assets.

Your liquid net worth is the part of your net worth that

can be easily turned into cash. Liquid net worth includes

investments like stocks and mutual funds but not assets

like real estate. Your total net worth will include your liquid

net worth.

If you have no trading knowledge or experience,

please check “None.”


ADA


*APP20247-24=05*

Acceptance of Agreements, Certification of Trust and Signature(s)

Acceptance of Margin Application Agreement

If you have selected to add margin to your account, you are applying for authorization to borrow money from Schwab using your assets as collateral. By signing the Add Options Trading and Margin to Your Account application (the “Application”), you acknowledge that you have received and read a copy of the Margin Disclosure Statement. You further agree that you have received, read and agreed to be bound by the Margin Application Agreement in effect and as amended from time to time. The Margin Application Agreement contains two important sections: (1) Disclosure of Credit Terms and Policies and (2) Margin and Short Account Agreement Terms and Conditions. Finally, you agree that you have received, read, and agreed to be bound by the Schwab One® Account Agreement or the Schwab Account Agreement, whichever applies, as amended from time to time.

Please note that if you have a Power of Attorney (POA) on your account, your agent or attorney-in-fact will have access to your margin account. Additionally, if you hold a Schwab One brokerage account that is linked to a Schwab Bank High Yield Investor Checking® (“High Yield Investor Checking”) account, the overdraft protection feature on your High Yield Investor Checking account may create a margin loan in your Schwab One brokerage account.

Acceptance Of Options Application Agreement

If you have selected to add options trading to your account, you are applying for authorization to trade options. By applying for authorization to trade options

and signing this Application, you agree that you have received, read and agreed to be bound by the Options Application Agreement in effect and as amended from time to time. The Options Application Agreement contains two important sections: (1) Option Trading Rules and (2) Option Agreement. You also acknowledge that you have received, read, and agreed to be bound by the Schwab One Account Agreement or the Schwab Account Agreement, whichever applies, as amended from time to time.

You represent that you are aware of the inherent risks of options trading and that you are financially able to bear such risks and withstand options trading losses, including the loss of your entire investment. You understand that Schwab may periodically request new financial information and review your authorization to trade options.

The booklet “Characteristics and Risks of Standardized Options” will be sent to you when your account is approved for options trading. You agree to read the booklet prior to conducting any trades in your account. You understand that your account will be handled in accordance with the rules of the Options Clearing Corporation and the applicable exchange and/or regulatory agencies, and you agree to conduct activity in your account in accordance with such rules.

Certification of Trust

By signing this Application on behalf of a Trust, each trustee signing below (the “Trustee[s]”) certifies that the representations and warranties in the attached Certification of Trust are true and complete.

Holders of accounts with the margin feature further acknowledge that securities securing loans from Schwab may be lent to Schwab and lent by Schwab to others. I/we agree to the above terms and conditions:

Account Holder, Agent or Attorney-in-Fact, Trustee, or Authorized Agent Signature

Account Holder, Agent or Attorney-in-Fact, Trustee, or Authorized Agent Signature

Print Name Title, First Middle Print Name Title, First Middle

Print Name Last, Suffix Print Name Last, Suffix

/ / 2 0 / / 2 0Today’s Date (mm/dd/yyyy) Today’s Date (mm/dd/yyyy)

4

Please read and sign below.

All account holders (including additional account holders), agents or attorneys-in-fact,

trustees, and authorized agents must sign and date

using blue or black ink.

SIGN HERE


ADA


*APP20247-24=06*

Certificate of Authority (for Organization Accounts Only)

I, (name of certifying officer), the (title

of business entity), a (type of entity), duly organized or already existing under

the laws of the state (or country, if foreign entity) of (the “Account Holder”), hereby certify (1) that the person(s) whose signature(s) appear(s) in Section 4 is/are authorized to establish and maintain the requested margin borrowing authority or options trading authority (or both) with Schwab on behalf of the Account Holder and to bind the Account Holder to the Margin Application Agreement and Options Application Agreement (as applied for in this Application), pursuant to a duly adopted resolution of the board of directors or other applicable governing body; and (2) that the charter documents, agreements, and applicable laws governing the Account Holder permit the establishment and maintenance of the requested margin account and options trading authorization (as applicable).

/ / 2 0Certifying Officer Signature Today’s Date (mm/dd/yyyy)

Print Name of Certifying Officer Title of Certifying Officer

Next Steps

Did you remember to:

Print copies of pages 2, 3, 4, and 5, as needed for additional account holders, agents or attorneys-in-fact, trustees, or authorized agents?

Complete a separate application for each account?

Attach your account application and any other new account documents for new accounts?

Complete Section 5 for Organization accounts?

Attach the Trading Options Spreads in Your IRA Authorization Agreement if you are applying for Spread Trading (Level 2) on an IRA account? Note: Each individual who is authorized to trade in the IRA account must sign the Agreement.

Please return pages 1–6 by:

• Bringing them to your nearest Schwab branch (visit schwab.com/branch for locations).

• Faxing them to 1-888-526-7252.

• Uploading them online:

1. Go to Schwab.com.2. Log in to your account.3. Click the Message Center link (under Accounts), and then click the Compose New Message link.4. Upload your form as an attachment by clicking the Add File button.5. When your message is complete, click Send.

• Mailing them to any of the following addresses:

Regular Mail Charles Schwab & Co., Inc. Attn: IS Document Control P.O. Box 982600 El Paso, TX 79998-2600

Regular Mail Charles Schwab & Co., Inc. Attn: IS Document Control P.O. Box 628291 Orlando, FL 32862-8291

Overnight Mail Charles Schwab & Co., Inc. Attn: IS Document Control 1945 Northwestern Drive El Paso, TX 79912

Overnight Mail Charles Schwab & Co., Inc. Attn: IS Document Control 1958 Summit Park Dr., Ste. 200 Orlando, FL 32810

5

This section is required for, and applies to, Organization

accounts only:

S Corporations C Corporations

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Return instructions

If you are opening a new account, you will need to

submit this form with your other new account materials. Please confirm whether each of your forms can be sent via

fax or uploaded through Secure Messaging, because

not all forms are accepted using these methods. Adding

features (such as options trading) to a new account may take longer than adding them

to an existing account.


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Option Trading Rules

Calls.

1. Underlying stock for listed calls may have contracts written against it in multiples of one call option contract per hundred shares, unless otherwise specified.

2. Securities purchased for covered call writing must be paid for by the standard two-day settlement date. Proceeds from the option will be credited to the investor’s account, unless otherwise specified.

3. All underlying securities not already held in an account at Schwab must be delivered FREE AND IN GOOD DELIVERABLE FORM before covered calls may be written.

4. Covered call writing may be done against marginable securities held in an account, provided the account is in compliance with the Federal Reserve Board’s Regulation “T” and Schwab’s Margin and Short Account Rules.

5. Convertible or exchangeable securities may, in some cases, be available for covered call writing, at Schwab’s discretion. Contact your Investment Advisor or Schwab for specific information.

Puts.

1. A short put is considered covered when a put is written against stock sold short. Listed puts may be written against the underlying short stock in multiples of one put contract per hundred shares, unless otherwise specified.

2. A put is also covered when there is sufficient cash to cover the stock purchase if the put is assigned.

3. No additional margin will be required if a put is written against stock sold short if the margin requirements are met on the short stock.

Qualified Spreads. A “spread” involves being both the buyer and writer of the same type of options (puts or calls) on the same underlying interest, with the options having different exercise prices and/or expiration dates.

The purchased option is required to expire on the same or later expiration date than the option sold. When there is more than one possible way to pair available options in your Account, Schwab has the discretion to determine spread pairings. Schwab may pair options in a manner that does not produce the lowest possible margin requirements.

Straddles and Combination. A “straddle” is an equal number of calls and puts purchased (or written) on the same security with the same strike price and same expiration. If the strike prices and/or the expiration differ, the order or position is defined as a “combination.”

Writing Uncovered Options. Before placing an order to sell uncovered options on equities and narrow-based indexes, $25,000 in equity must be on deposit, and before placing an order to sell uncovered options on broad-based indexes, $25,000 in equity must be on deposit in your Schwab Account. In calculating equity, the market value of any security, bond or stock may be included and any existing debit balance must be subtracted. Premiums obtained from option writing will be applied against Schwab’s equity requirements. The total equity requirement must be in the Account prior to entering the order. Funds in your money market portfolio or Schwab One® Account qualify as money in your brokerage account and are considered good equity. In addition, if you write an uncovered call option contract and are allocated an exercise of the option, you may be required to borrow shares in order to satisfy the delivery requirement of the option contract. In that event, you will be treated as if you had sold the shares short and may be subject to margin fees and stock loan fees.

Payment and Settlement. Unless the amount required for an option trade is met by one of the following methods, we may, at our discretion, decline to accept your order.

1. Cleared funds in Account;2. Funds in our between-investment money market funds; 3. Making the trade versus executed market sell orders, or on the margin

loan value of securities held in your Account in an adequate amount.Funds may be wired to:

Citibank, NA, New York, NY 10043ABA #021-000-089FBO Charles Schwab & Co., Inc.Acct. #40553953

For the account of: (the full title on your Schwab Account)

Account #: (your Schwab Account number)

Funds in your Schwab money market portfolio or Schwab One Account qualify as “money in your Schwab Account” for purposes of entering or opening an option transaction. Deposits, interest distributions, withdrawals and payments for option trades (if sufficient funds are available) are all calculated automatically if you participate in our money market fund or Schwab One Account. (If you would like an application for our money market fund or Schwab One Account, contact Schwab.)

Option Contract Assignments. Short option contract assignments will be allocated among position holders on an automated random selection basis.

OCC Disclosure Document. Before trading options, read the booklet “Characteristics and Risks of Standardized Options” (the “OCC Disclosure Document”). A copy will be sent when your Account is approved for option trading.

Manipulation of Auto-Execution Prohibited. Most options exchanges have automated execution (Auto-ex) systems that provide rapid executions for retail-size market and marketable limit orders in listed options at the quoted bid or offer, up to a maximum number of contracts. This maximum number varies by options class and generally ranges between 20 and 100 contracts per order. Exchange rules prohibit investors from engaging in “order splitting,” i.e., dividing a large order that is ineligible for Auto-ex because of its size into two or more smaller orders to make them eligible for Auto-ex treatment. Orders placed within less than 15 seconds of each other will be aggregated for purposes of evaluating whether impermissible order splitting has occurred. For example, if the option ABCDE had a maximum Auto-ex size of 50 contracts, it would be impermissible to divide a 100-contract order and enter two 50-contract orders contemporaneously for the purpose of receiving Auto-ex treatment. Orders of this type should be entered either for the full, undivided amount or more than 15 seconds apart. Depending on the facts and circumstances, multiple orders placed more than 15 seconds apart may still be evaluated for order splitting if submitted for the purpose of obtaining Auto-ex treatment. SEC and Exchange rules regarding market manipulation and Auto-ex systems also prohibit investors from submitting orders into the limit-order book of an options exchange for the purpose of influencing the prices at which subsequent Auto-ex orders could be executed. (Typically, this is a limit order that improves the Exchange’s quoted market.) For example, it may be manipulative for an investor to enter a limit order to buy a small number of options contracts at a price above the prevailing inside bid, and enter a contemporaneous Auto-ex order to sell a larger number of those options (which could be executed at the new, higher bid price set by the investor’s own limit order). The order-splitting and manipulation prohibitions apply even when the orders are coming from multiple accounts if these accounts have a common beneficial owner. The prohibitions may also apply to orders in separate options series if these series are substantially similar. Violation of antimanipulation laws and Exchange Auto-ex rules could result in the imposition of criminal penalties, fines and other sanctions against you by regulatory agencies; the reversal of trades executed in violation of Exchange rules; and/or the removal of options trading privileges or closing of your Schwab Account(s).

Options Application Agreement Page 1 of 4

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Options Application Agreement | Page 2 of 4

Option Equity Requirements*

Underlying Securities

Long Purchase Uncovered Spread† Short Straddle

Equities & Narrow- Based Indexes

100% of cost, cash- up-front

20% of the underlying security’s market value, minus any out-of-the money amount, plus the current option premium (marked to the market). Minimum: The greater of $25,000 equity, or the option premium plus 10% of the underlying security’s market value (option premium plus 10% of the strike price for puts), or $100 per contract.

100% of the long contract premium, plus:

Call Spread—The value of the difference between the strike prices, if the exercise price of the long contract is greater than the exercise of the short contract. Minimum: $2,000 /$25,000.‡

Put Spread—The value of the difference between the strike prices, if the exercise price of the short contract is greater than the exercise of the long contract. Minimum: $2,000 /$25,000.‡

The greater of the two uncovered contract requirements, plus the current option premium of the other contract (marked to the market). Minimum: $25,000.

Broad- Based Indexes

100% of cost, cash- up-front

15% of the underlying index, minus any out-of-the-money amount, plus the current option premium (marked to the market). Minimum: The greater of $25,000 equity, or the option premium plus 10% of the underlying security’s market value (option premium plus 10% of the strike price for puts), or $100 per contract.

100% of the long contract premium, plus:

Call Spread—The value of the difference between the strike prices, if the exercise price of the long contract is greater than the exercise of the short contract. Minimum: $2,000 /$25,000.‡

Put Spread—The value of the difference between the strike prices, if the exercise price of the short contract is greater than the exercise of the long contract. Minimum: $2 ,000 /$25,000.‡

The greater of the two uncovered contract requirements, plus the current option premium of the other contract (marked to the market). Minimum: $25,000.

*Subject to change at any time by Schwab. To protect itself, Schwab may, at its discretion and without prior notice to you, revalue securities, reset requirements or adjust the inflated SMA (Special Memorandum Account) at any time.

† Schwab retains complete discretion to determine how to pair options that may constitute a qualified spread. See “Qualified Spreads.”‡ IRA account initial minimum requirement for spreads is $25,000; special minimums, when applicable under select offers, supersede published minimums.

Option Trading Rules (continued)

Option Agreement

Terms and Conditions. In consideration of our accepting your orders to trade option contracts for your Account referenced in Section 1 of the Add Options Trading and Margin to Your Account application (“Account”), you agree that the following terms and conditions apply to your Account, in addition to the other terms and conditions contained in the Schwab Account Agreement applicable to your Account.

1. Risks of Option Trading. The purchase or writing of option contracts involves a high degree of risk and is not suitable for all investors.

By applying to add the option trading feature to your Account, you represent that you:

• Understand the risks inherent in option trading;• Are financially able to withstand option trading losses, including the

loss of your entire investment; and• Have determined that option trading is suitable for you, considering

your financial situation and investment objectives. • Neither Schwab nor its officers, employees or agents is authorized

to give tax advice. You should consult a professional tax advisor regarding the tax effect of option transactions in your Account.

2. Special Statement for Uncovered Option Writers. There are special risks associated with uncovered option writing that expose the investor to potentially significant loss. Therefore, this type of strategy may not be suitable for all investors approved for options transactions.

• Potential loss of uncovered call writing is unlimited. The writer of an uncovered call is in an extremely risky position and may incur large losses if the value of the underlying instrument increases above the exercise price.

• As with writing uncovered calls, the risk of writing uncovered put options is substantial. The writer of an uncovered put option may incur large losses if the value of the underlying instrument declines below the exercise price.

• Uncovered option writing is thus suitable only for the knowledgeable investor who understands the risks, has the financial capacity and willingness to incur potentially substantial losses, and has sufficient liquid assets to meet applicable margin requirements. In this regard,

if the value of the underlying instrument moves against an uncovered writer, we may request significant additional margin payments. If you do not make such margin payments, we may liquidate stock or options positions in your Account, at our discretion without prior notice, in accordance with your margin agreement.

• For combination writing, where the investor writes both a put and a call on the same underlying instrument, the potential risk is unlimited.

• If a secondary market in options were to become unavailable, investors could not engage in closing transactions, and an option writer would remain obligated until expiration or option contract assignment.

• The writer of an American-style option is subject to being assigned at any time until the option expires. By contrast, the writer of a European-style option is subject to option contract assignment only at expiration.

NOTE: It is expected that you will read the booklet entitled “Characteristics and Risks of Standardized Options.” Direct your attention to the chapter entitled “Risks of Option Writers.” This Statement is not intended to enumerate all of the risks entailed in writing uncovered options.

3. OCC Disclosure Document. When we approve your Account for option trading, we will give you the booklet “Characteristics and Risks of Standardized Options,” published by the Options Clearing Corporation (the “OCC Disclosure Document”). You agree not to enter any orders for option transactions until you have read and understood the OCC Disclosure Document. Any information contained in the OCC Disclosure Document, including information regarding the federal income tax consequences of option transactions, is subject to change.

4. Importance of Accuracy on Your Application. You represent that the information you’ve provided on the Add Options Trading and Margin to Your Account application is accurate. You agree to notify Schwab if there are important changes in the investment objectives or financial situation you have described in your application.

5. Provision of Services. When we approve your Account for option trading, we will act as your broker to purchase, sell, assign, transfer, exercise, endorse, clear or otherwise handle puts, calls and other contracts relating to securities, securities-related indexes and

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Option Agreement (continued)

other underlying instruments. You agree that if you place orders for option trading in more than one market, we may use our discretion in selecting the market in which to enter your order in the absence of specific instructions from you. We may, at our discretion and without notice, restrict or prohibit option trading or certain types of option transactions or specific option transactions in your Account.

6. Payment. Option transactions are settled on the first business day after the day your order is executed. We may decline to accept your order to purchase option contracts if there are not sufficient cleared funds (that is, funds on which no holds or other restrictions are imposed) available in your Account to pay the purchase price, if you do not have sufficient equity in your Account to meet applicable margin requirements, or for other reasons subject to our discretion. In all cases, option transactions must be settled on the first business day after the day your order is executed, and it is your responsibility to deposit necessary funds and maintain sufficient equity in the Account.

7. Covered Option Transactions. If you are approved for covered options transactions only, you may only sell call option contracts or purchase put option contracts when you have the securities underlying the contracts sold or purchased on deposit in your Account.

8. Maintenance of Required Equity and Liquidation. If you write option contracts, you agree to maintain equity collateral in your Account in accordance with the terms of the Account Agreement. If you do not maintain enough equity in your Account to secure your option obligations adequately, or if you do not satisfy, in a timely manner, any money or collateral call (relating to settlement of a trade or otherwise), we may (but are not required to), without prior notice, take any action with respect to and for your Account that we, in the reasonable exercise of our discretion, consider necessary for our protection.

These actions may include:

• Buying or selling short; • Hedging existing security positions; • Risking any or all securities underlying options purchased, endorsed or

handled for your Account; and/or • Buying or selling for your Account any option contract we consider

necessary or appropriate. Our failure to take any of these actions in any particular instance will not be considered a waiver of our right to take such actions in later instances. You agree to reimburse us for all expenses, fees, commissions or losses (including taxes and transfer and other fees) we incur as a result of such actions.

9. Short Option Positions. If you write a call option contract, you agree to honor all option contract assignments by delivering to us the underlying securities in negotiable form or cash (in the case of index options) at the times prescribed by the securities exchanges and/or the Financial Industry Regulatory Authority. In the event that the call option is uncovered, we will attempt to borrow the securities on your behalf. If we borrow the securities, you agree to pay any fees imposed by us for lending you the securities. If we cannot borrow securities, we may act as your agent to buy in such securities at the current market price and deliver these securities or cash to fulfill your delivery commitment. We may exercise our discretion regarding the timing and manner of any such purchases. In case the following situations occur:

• You write a call option contract in a security that becomes subject to a reorganization transaction (such as a tender offer or other offer in which value is offered in exchange for or with respect to ownership of such security); and

• You are assigned an exercise notice on such contract; and • You are unable to cover your obligation to deliver, either through

delivery of the security to us, our borrowing the security on your behalf, or our buying in the position; then

• You agree to pay us the losses that we sustain as a result of your failure to deliver. If you write a put option contract, you agree to honor all option contract assignments in a timely manner. You agree to pay all expenses, fees, commissions and/or losses (including taxes) incurred as a result of the transactions described above.

In addition, at our discretion, we will pair options positions in the Account that constitute a spread position. You agree to accept the matching

logic employed by Schwab to determine spread pairings and you agree to maintain sufficient equity in your Account to meet the equity requirements that may result from such pairings as determined by Schwab in its discretion.

10. Exercises. If you exercise a long option contract, you agree to pay the full aggregate exercise price provided for by the option contract. We’ll accept exercise instructions for same-day execution on business days prior to 4:00 p.m. Eastern time for index option contracts, and prior to 5:00 p.m. Eastern time for equity option contracts. We will accept exercise instructions until 5:00 p.m. Eastern time on the last trading day of expiring options. The exercise of a put option is considered a short sale unless you have the underlying securities in your Account. You acknowledge that the Options Clearing Corporation (OCC) and the national securities exchanges have established cutoff times for delivering exercise instructions. Your long option contracts may expire worthless if you do not deliver your instructions by the expiration time noted in the OCC Disclosure Document. We are not obligated to give you prior notice of option expiration dates, and you will have sole responsibility for taking action to exercise an option contract before the option expires.

However, if you hold in your Account long equity option contracts that are greater than or equal to $0.01 in-the-money, and we do not receive exercise instructions from you on the last trading day of the option, we may, at our discretion (but are not required to), take action.

We may place a market order to sell the long option position at or before, in our discretion, market close on the last trading day of the expiring option. We may instruct the OCC not to exercise valuable options. Or we may exercise valuable option contracts for your Account, and in the absence of instructions from you, new positions we create in this way may be closed out at the opening of the next business day. In the case of long put options, we will only exercise those options if we are able to lend the securities to you for delivery, in which case you may be charged a fee that may change on a daily basis. By allowing us to exercise your put option on the last day of trading, you agree to pay any fees imposed for borrowing shares. An exercise of a put option will be considered a short sale of the underlying security. We may exercise for cash settlement long index option contracts that are any amount in-the-money. If you do not notify us to exercise a valuable option contract by the prescribed time and the right to exercise expires, you agree to waive, and to release us and our officers, employees and agents from, any and all claims of damage or loss, then or at a later time sustained, as a result of an option contract not being exercised.

11. Option Contract Assignments. We allocate option contract assignment notices among customer short positions according to an automated procedure. This procedure randomly selects from among all customer short option positions (including positions established on the date of option contract assignment) those contracts that are subject to exercise. All American-style short option positions are liable for option contract assignment at any time. You acknowledge that the option contract assignment process may result in multiple partial option contract assignments and/or multiple transactions to fulfill a single option contract assignment, and a separate commission charge will apply to each partial option contract assignment or transaction needed to complete an option contract assignment.

At your request, we will furnish you with a more detailed description of the automated option contract assignment process.

12. Position and Exercise Limits—Rules. You agree that you will not, acting either individually or together with others, directly or indirectly:

• Hold or control any number of option contracts that exceed the position limitations, or

• Exercise a long position in any option contract that exceeds the exercise limitations, all as set from time to time by the exchanges or markets where such option contracts are traded.

We may, at our discretion and without prior notice, impose house option position limitations. All option trading activity in your Account will be conducted according to the constitutions, rules, regulations and usages of the Options Clearing Corporation, the Financial Industry Regulatory Authority and any applicable exchange and/or regulatory agency.

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Option Agreement (continued)

13. Account Agreement. All option transactions will be conducted through your Account and are subject to the Account Agreement between you and Schwab. As used here, “Account Agreement” means: the terms and conditions stated in this Option Agreement; the applicable Schwab Account Application; the applicable Schwab Account Agreement; the Margin and Short Account Agreement; the Disclosure of Credit Terms and Policies; the Money Market Fund Agreement, if any; and any other written agreements between you and Schwab, all as amended from time to time.

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• This Certification sets forth the Trustees’ representations and warranties regarding their authority under the Trust.

• Please retain for your files.

By signing the Application, each Trustee represents and warrants that Charles Schwab & Co., Inc. (“Schwab”) is authorized, as a brokerage firm, to open and maintain the Account on behalf of the Trust identified in this Application (the “Trust”) in accordance with the account agreements applicable to this Account, including without limitation the authority to accept, hold and deliver assets belonging to the Trust, and to accept orders and other instructions relating to the Trust from the Trustees. The Trustees represent, warrant and certify that the Trust expressly grants them the power to buy, sell (including short sales), exchange, convert, tender, redeem and withdraw assets (including delivery of assets to and from the Account and delivery of assets to a Trustee personally), and, if the Margin Borrowing feature is not declined, to trade securities on margin or otherwise (including the purchase and/or sale of option contracts) for and at the risk of the Trust and to grant authority to a brokerage firm, acting as principal or otherwise, to pledge, repledge, hypothecate or rehypothecate assets of the Trust. The Trustees agree to decline the Margin Borrowing feature if such authorizations for borrowing are not contained in the Trust. Note: Additional documents are required to add someone as a Power of Attorney. In order to trade options in a Trust Account through Schwab, the Trust must meet certain financial requirements, and the Trustee(s) must meet certain investment experience requirements and complete a separate Add Options Trading and Margin to Your Account application.

The Trustee(s) represents, warrants and certifies that either (1) the Trust expressly authorizes that each Trustee, if more than one, is authorized to act individually, independently and without the consent of the other Trustees; or (2) the Trustees (if more than one) have consented to each Trustee acting individually, independently and without the consent of the other Trustees with respect to the Account and that such delegation of authority is expressly authorized by the Trust and applicable law. The Trustees agree that any notice sent to one Trustee will constitute notice to all Trustees. Schwab, in its sole discretion and for its sole protection, may require the written consent of any or all Trustees prior to acting upon the instructions of any Trustee.

The Trustees represent, warrant and certify that neither they nor the Trust impose any obligation upon Schwab for determining the purpose or propriety (i) of any instructions received from any Trustee or (ii) of payments or deliveries to or among Trustees.

By signing this Application, each Trustee further represents, warrants and certifies that there are no other currently acting Trustee(s) of the Trust other than those signing below. Should only one person execute this Application, it is a representation that the signer is the sole current acting Trustee. Finally, the Trustees represent, warrant and certify that the Trust has not been revoked, modified or amended in any manner which would cause the representations contained in this Certification to be incorrect. Each Trustee agrees to notify Schwab immediately in writing of any change that would cause this Certification to become incorrect or incomplete.

Each Trustee hereby, jointly and severally, in both personal and representative capacities, agrees to indemnify Schwab, its affiliates, officers, directors, employees and agents from, and to hold such persons harmless against, any claims, judgments, surcharges, settlements or other liabilities or costs of defense or settlement (including investigative and attorneys’ fees) arising out of or related to any act or omission to act by any Trustee with respect to the Account.

The representations and obligations stated in this Certification will survive the termination of the Account.

Certification of Trust

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Disclosure of Credit Terms and Policies

The following Disclosure of Credit Terms and Policies is required by the Securities and Exchange Commission and is part of your Schwab Account Agreement. It describes the terms under which we extend credit and charge interest and how your obligations are secured by property in your Schwab Account.

1. Interest Charges. We will charge interest on a daily basis on the credit we extend to you. The daily interest charges are calculated by multiplying your “daily adjusted debit balance” by the “daily margin interest rate.” Generally speaking, your daily adjusted debit balance is the actual settled debit balance in your Margin and Short Account, increased by the value of securities held short and reduced by the amount of any settled credit balance carried in your Cash Account.

We calculate your daily adjusted debit balance each day by adjusting your previous day’s balance by any debits and credits to your Account and by changes in the value of short positions. If your daily adjusted debit balance is reduced because you deposit a check or other item that is later returned to us unpaid, we may adjust your Account to reflect interest charges you have incurred.

We reserve the right to charge interest on debit balances in the Cash Account. Periodically, we will send you a comprehensive statement showing the activity in your Account, including applicable interest charges, interest rates and adjusted daily debit balances.

2. Daily Margin Interest Rate. The “daily margin interest rate” is based on a 360-day year. It is calculated for each day by dividing the applicable margin interest rate by 360. Note that the use of a 360-day year results in a higher effective rate of interest than if a year of 365 days were used. The applicable margin interest rate is set at an offset from Schwab’s Base Rate according to a tiered interest schedule based on your margin debit balance. We set the Base Rate at our discretion with reference to commercially recognized interest rates, industry conditions relating to the extension of margin credit, and general credit market conditions. To obtain the interest schedule, refer to your Account Agreement, or call us toll-free at 1-800-435-4000. The current Base Rate is also available by calling 1-877-870-7317.

Your margin interest rate will be adjusted automatically and without notice to reflect any change in the Base Rate. If your interest rate increases for any reason other than a change in the Base Rate, we will give you written notice at least 30 days prior to that change.

3. Compounding Interest Charges. We compound interest on a daily basis. Interest charges will accrue to your Account each day. We will include the charges in the next day’s opening debit balance and charge interest accordingly. The interest rates described in Section 2 above do not reflect compounding of unpaid interest charges; the effective interest rate, taking into effect such compounding, will be higher.

4. Initial Margin Requirements. The Federal Reserve Board and various stock exchanges determine margin loan rules and regulations. We will not extend credit unless your equity in the Securities and Other Property in your Margin and Short Account is at least $2,000, or such greater amount as may be required by applicable rules or regulations or by our house policies.

The maximum amount we currently may loan for common stock (equity) securities is 50% of the value of marginable securities purchased in your Margin and Short Account; different requirements apply to nonequity securities, such as bonds or options. If the market value of stock held as collateral increases after you have met the initial margin requirements, your available credit may increase proportionately. Conversely, if the market value decreases, your available credit may proportionately decrease.

Initial margin requirements may change without prior notice. We may impose anytime and without prior notice more stringent requirements on positions that in our sole discretion involve higher levels of risk; for

example, higher limits may apply for thinly traded, speculative or volatile securities, or for concentrated positions of securities.

You may purchase only certain securities on margin or use them as collateral in your Margin and Short Account. Most stocks traded on national securities exchanges, and some over-the-counter (OTC) securities, are marginable. At our discretion, we reserve the right not to extend credit on any security.

If the market value of a security drops below Schwab’s per-share minimum, the margin maintenance requirement will be 100%. Please contact your Investment Advisor or call us at 1-877-870-7317 for Schwab’s current margin requirements.

5. Margin Maintenance Requirements. You must maintain a minimum amount of equity in your Account to collateralize your outstanding loans and other obligations. Margin maintenance requirements are set:

• By the rules and regulations of FINRA and other regulatory agencies under whose jurisdiction we are subject; and

• According to our sole discretion and judgment. Margin maintenance requirements may change without prior notice.

We may issue a “margin call” (that is, a notification to deposit additional collateral) if your Account equity falls below the margin maintenance requirement. This can happen for various reasons. The most common reason is a decrease in the value of long securities held as collateral or an increase in the value of securities held short.

As a general guideline and when it is practicable to do so, we may (but are not required to) issue a margin call when the equity in your Margin and Short Account falls below Schwab’s minimum maintenance requirement. The amount of additional collateral we require usually is an amount sufficient to raise your equity to Schwab’s minimum maintenance requirement.

Please contact your Investment Advisor or call us at 1-877-870-7317 for Schwab’s current margin requirements.

We retain absolute discretion to determine whether, when and in what amounts we will require additional collateral. In some situations, we may find it necessary to require a higher level of equity in your Account. For example, we may require additional collateral if an Account contains:

• Only one security or a large concentration of one or more securities; or • Low-priced, thinly traded or volatile securities; or • Low minimum liquidating account net worth; or if • Some of your collateral is or becomes restricted or non-negotiable or

non-marginable. We also may consider market conditions and your financial resources.

6. Short Option Positions. If you hold put or call option contracts deemed by us to be uncovered, your Account is subject to both initial margin and margin maintenance requirements. For more detailed information on how Schwab calculates these equity requirements, contact us at 1-877-870-7317.

7. Day Trading Requirements. Day trading is buying and selling the same security on the same day, excluding:

• A long position held overnight and sold prior to any new purchase of the same security, or

• A short position held overnight and purchased the next day prior to any new sale of the same security.

Day traders are subject to a number of stricter requirements. These include a minimum deposit of $25,000 before any day trades can be made in a margin account, and a different calculation of margin buying power. If you have questions about Day Trader Margin requirements, please call your Schwab Services Specialist or margin specialist.

Margin Application Agreement Page 1 of 3

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Margin Application Agreement | Page 2 of 3

8. Short Sales. A short sale is a margin transaction subject to initial margin and margin maintenance requirements. In most cases, the initial equity requirement for the short sale of an equity security is 150% of the sales proceeds of the security, plus commissions. Proceeds obtained from the short sale will be applied against the initial margin equity requirement and posted as collateral with the lender of the securities. Equity securities selling for $5.00 or less and odd lots usually may not be sold short. Different requirements apply to nonequity securities. In addition to margin, you may be charged fees for borrowing securities that are delivered in connection with the short sale.

Generally, current margin maintenance rules require you to maintain equity in your Account equal to at least Schwab’s minimum maintenance requirement for the market value of each stock “short” in your Account. Please contact your Investment Advisor for Schwab’s current margin requirements. The value of securities held short in your Account is “marked to the market” each day.

Increases in the market value will increase your daily adjusted debit balance (on which interest is charged) by the same amount, while decreases in the market value will decrease your daily adjusted debit balance by the same amount.

As a result of increases in your daily adjusted debit balance, the collateral held in your Account may become insufficient. Short sale proceeds are part of the collateral securing our loan of the security to you, and you may not withdraw these proceeds from your Account. You are liable for all dividends paid on securities you have borrowed for the purpose of short sales.

For our protection, we may, at our discretion and without notice, immediately cover your short security positions by purchasing for your Account securities to replace those sold short.

We may cover your position because:

• The lender of the securities recalls them; • We anticipate an inability to borrow or reborrow these securities; or • For any other reason. If several Accounts hold short positions in a security and not all of the positions are to be covered, we may select the positions to be covered on a random basis.

In covering a short position, we may, at our discretion, purchase securities for your Account either on a normal settlement, or next-day or cash settlement basis. The price of securities purchased on a next-day or cash settlement basis is usually higher than that of those purchased on a normal settlement basis. The price of covering the short position may be higher than the price at which you sold short; therefore, you may sustain a loss on that transaction.

You are liable for commissions and other costs of short sale transactions and for any debit balance that remains after we cover or close out a short position.

When we borrow securities for your Account, we are obligated to return the securities to the lender on demand. If you are unable to cover a short position (either through delivery of the security or through our “buying in” your position) in enough time for us to deliver the security to its lender, you agree to pay us for the losses we sustain as a result of the failure to deliver. For instance, if you have a short position in a security that is subject to a tender offer and you are unable to cover the position in time for us to deliver the security to its lender, we may hold you responsible for the economic value of the tender offer.

9. Liens and Liquidation. At our election, all debit balances in your Account, including those resulting from extensions of margin credit, will be immediately due and payable. In the Account Agreement, you granted us a lien on all Securities and Other Property held or maintained for any purpose, including safekeeping, in your Schwab Account or in any other present or future non-retirement Schwab Account in which you have an interest, regardless of whether there are other Account Holders on any of the accounts. This lien secures the full performance of obligations owed to us by you or any Additional Account

Holder of your Schwab Account, whether those obligations are incurred in connection with your Schwab Account or any other non-retirement account with us, and extends to property that may not be acceptable as margin collateral under Federal Reserve Board regulations.

If your equity falls below the applicable maintenance requirement, we may (but are not obligated to) notify you by mail, telegram, telephone, or electronic or other means of a margin call for an amount sufficient to bring your Account up to the equity level we require. Margin calls require prompt delivery according to our instructions of either additional funds or acceptable securities. Failure to make a required deposit may result in the liquidation of part or all of the Securities and Other Property in your Account.

Notwithstanding any oral communications between you and us, we reserve the right to liquidate anytime if the equity in your Account falls below Schwab’s minimum requirements.

You will continue to be held liable on demand for any debit balance remaining after liquidation of assets in your Account. It may not be possible to notify you of a margin call or allow any time to deposit additional collateral. Therefore, we reserve the right to initiate immediate liquidation procedures without notice.

You are responsible for monitoring the status of your Account, for ensuring that sufficient collateral is maintained in the Account and for liquidating positions to minimize losses. Any action we take or do not take to issue a margin call or liquidate collateral is undertaken solely to protect our interest as a creditor. You agree that we do not have any responsibility to issue a margin call, to liquidate positions in your Account, or to select the securities to be liquidated or the manner or timing of the liquidation in order to prevent or minimize losses to you.

10. Verification. I authorize Schwab to inquire from any source, including a consumer reporting agency, as to my identity (as required by federal law), creditworthiness and ongoing eligibility for the Account (and that of my spouse, if I live in a community-property state) at account opening, at any time throughout the life of the Account, and thereafter for debt collection or investigative purposes.

Margin and Short Account Agreement Terms and Conditions

When you buy securities on margin, or enter into short sales or short options, you are borrowing money from Schwab for part of your transactions. All securities and other assets in your Schwab Accounts are pledged as collateral to secure this loan. These margin transactions are riskier and involve the possibility of greater loss than transactions in which you are not borrowing money. If the value of your securities and other assets falls, you may be required to deposit more assets (a “margin call”) to secure your loan or your securities, and other assets may be sold to pay down or pay off your loan without prior notice and at a loss or at lower prices than under other circumstances.

You agree to carefully consider your own financial condition, tolerance for risk and investment objectives, as well as market conditions, before you decide to use margin credit or short account features. By applying for a Margin and Short Account and/or placing an order on margin, you acknowledge that you have carefully considered all of these factors, along with the terms of the margin agreement, and have decided that margin financing is appropriate for you.

1. Payment for Transactions. You agree that you are responsible for paying for all transactions you make and all authorized transactions in your Margin and Short Account. When you purchase securities on margin, you agree to deposit the required initial equity by the settlement date and to maintain your equity at the required levels. However, Schwab reserves the right to liquidate at any time (including on or before settlement date) depending on market conditions. In addition, you agree to pay any debit remaining in your Account if your positions are liquidated to satisfy a margin call. We may extend credit to you according to applicable laws and regulations and our Disclosure

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of Credit Terms and Policies. You agree to use this credit primarily for business and investment purposes.

2. Disclosure of Credit Terms and Policies. All transactions in the Margin and Short Account are subject to our Disclosure of Credit Termsand Policies. You agree not to enter an order in your Margin and ShortAccount until you have read and understood the Disclosure of CreditTerms and Policies.

3. Maintenance of Collateral. You agree to maintain in your Margin andShort Account collateral of the type and amount required by:

• Applicable Exchange rules and federal regulations,• Our Disclosure of Credit Terms and Policies, or• Schwab, at our discretion.4. Liquidation. Whenever it is necessary for our protection or to satisfya margin call, deficiency, debit or other obligation owed us, we may(but are not required to) sell, assign and deliver all or any part of theSecurities and Other Property securing your obligations, or close any orall transactions in your Schwab Account.

It is our policy to attempt to contact you, when practicable, before taking any action described in this section. However, we reserve the right to take any such action without prior notice or demand for additional collateral, and free of any right of redemption. Any prior demand, call or notice will not be considered a waiver of our right to sell or buy without demand, call or notice.

We may choose which Securities or Other Property to buy or sell, which transactions to close, and the sequence and timing of liquidation. We may take such actions on whatever exchange or market and in whatever manner (including public auction or private sale) that we choose in the exercise of our business judgment. You agree not to hold us liable for the choice of which Securities or Other Property to buy or sell, or of which transactions to close, or for the timing or manner of the liquidation.

We may transfer Securities and Other Property from any brokerage account in which you have an interest to any other brokerage account in which you have an interest, regardless of whether there are other Account Holders on either account, if we determine that your obligations are not adequately secured or to satisfy a margin deficiency or other obligation. You agree to pay on demand any account deficiencies after liquidation, whether liquidation is complete or partial.

We are entitled to exercise the rights described in this section in our sole discretion, including whenever any of the following occurs:

• The equity level in your Account falls below required minimums;• A petition of bankruptcy or for the appointment of a receiver is filed

by or against you;• An attachment is levied against any of your brokerage accounts

with us;• You die or become incapacitated or incompetent; or• Your Schwab Account is closed.5. Short Sales. You agree to designate a sell order as a short sale if, atthe time you place the order, you either do not own the security beingsold or are unable to deliver the security in a timely manner. You agreethat short sale transactions are subject to certain regulatory rulesand cannot be executed under certain market conditions. In addition,depending on market conditions, Schwab cannot guarantee that it willhave shares available to facilitate a short sale. Schwab may charge youa fee for borrowing securities that may change daily. Before you submita short sale order, you will be notified of the current cost of borrowingthose shares. By submitting the order, you will have agreed to pay thecharge for borrowing the shares, as it may change on a daily basis for aslong as you hold the short position.

You agree that we may, at our discretion and without notice, “buy in” securities to cover any short security position in your Account at your expense. We may take this action on either a normal settlement, cash or next-day settlement basis.

If you are unable to cover a short security position (either through delivery of the security or through our “buying-in” the security) in enough time so we can deliver the security to its lender (to whom we’re obligated), you agree to reimburse us for the losses we sustain as a result of your failure to deliver the security.

6. Interest on Debit Balances. We will charge interest on your debitbalance according to our Disclosure of Credit Terms and Policies. Wepost accrued but unpaid interest charges to your Account each month.We compound the interest as described in our Disclosure of CreditTerms and Policies.

7. Pledge of Securities and Other Property. We may pledge, repledge,hypothecate or rehypothecate, either separately or together withSecurities of other customers, all Securities and Other Property thatyou, now or in the future, carry, hold or maintain in your Margin andShort Account. The value of the Securities and Other Property wepledge or repledge may be greater than the amount you owe us, and weare not obligated to retain in our possession and control for delivery thesame amount of similar Securities and Other Property.

8. Loan Consent. You agree that Securities and Other Property heldin your margin account, now or in the future, may be borrowed (eitherseparately or together with the property of others) by us (actingas principal) or by others. You agree that Schwab may receive andretain certain benefits (including, but not limited to, interest oncollateral posted for such loans) to which you will not be entitled. Youacknowledge that in certain circumstances, such borrowings could limit your ability to exercise voting rights or receive dividends, in wholeor in part, with respect to the Securities and Other Property lent. Youunderstand that for Securities and Other Property that are lent bySchwab, the dividends paid on such Securities and Other Propertywill go to the borrower. No compensation or other reimbursements willbe due to you in connection with such borrowings. However, if you areallocated a substitute payment in lieu of dividends, you understand thatsuch a payment may not be entitled to the same tax treatment as mayhave been applied to the receipt of a dividend. You agree that Schwabis not required to compensate you for any differential tax treatmentbetween dividends and payments in lieu of dividends. Schwab mayallocate payments in lieu of dividends by any mechanism permitted bylaw, including by using a lottery allocation system.

9. Account Agreement. All transactions in your Margin and ShortAccount are subject to the Account Agreement in its entirety and anyother written agreements between you and Schwab, all as amendedfrom time to time.

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©2017 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC0969705 (0414-2124) REG95795-00 (02/17)

Margin Disclosure Statementwww.schwab.com | 1-800-435-4000 (inside the U.S.) international.schwab.com | +1-415-667-8400 (outside the U.S.)

• This is important information regarding margin borrowing, if you have requested the margin feature on your brokerage account.

• Please retain this document for your files.

• When using margin, please keep these important rules and conditions in mind.

• A complete list of terms and conditions pertaining to margin trading and short selling, including credit terms and policies, can befound in the Account Agreement. The Account Agreement will be provided to you after account opening or you can access it at anytime on our website or by calling us. Please read this important document before opening a margin account.

• For questions regarding margin borrowing, please contact us at the numbers listed above. For clients of independent investmentadvisors, please call your advisor directly or call Schwab Alliance at 1-800-515-2157.

When considering a margin loan, you should determine how the use of margin fits your own investment philosophy. It is important that you fully understand the risks, rules, and requirements involved in trading securities on margin.

The following paragraphs highlight some of the critical aspects of margin trading:

Margin trading increases your level of market risk. Margin trading increases your buying power, allowing you to purchase a greater amount of securities with your investing dollar. Therefore, your exposure to market volatility increases—a declining market could result in even greater losses. A decline in the value of your securities that you purchase on margin may require you to provide additional funds to Schwab in order to avoid the forced sale of those securities or other securities in your account.

Your downside is not limited to the collateral value in your margin account. When you buy securities on margin, you are borrowing money from Schwab for part of your transactions. Securities and other assets in your Schwab account(s) are pledged as collateral to secure this loan. These margin transactions are riskier and involve the possibility of greater loss than transactions where you are not borrowing money. If the securities in your account decline in value, so does the value of the collateral supporting your loan. When the value of the collateral falls below the maintenance margin requirements, or Schwab’s higher “house” requirements, Schwab can move to protect its position. In order to cover margin deficiencies, Schwab may issue you a margin call—a request for additional cash—or sell securities from your account. If a sale does not cover the deficiency, you will be responsible for any shortfall.

Schwab may initiate the sale of any securities in your account, without contacting you, to meet a margin call. Schwab will attempt to involve you in the case of margin deficiency; however, market conditions may require the firm to quickly sell any of your securities without your consent. Because the securities are collateral for the margin loan, Schwab has the right to decide which security to sell in order to protect its interests. Even if Schwab has contacted you and provided a specific date by which you can meet a margin call, the firm can still take necessary steps to protect its financial interests, including immediately selling the securities without prior notice to you.

Schwab’s “house” initial and maintenance margin requirements may exceed those established by the Federal Reserve Board and/or the Financial Industry Regulatory Authority, Inc. Please call Schwab for current margin requirements.

Schwab may change its initial margin requirements at any time and without prior notice. We may also impose anytime and without prior notice more stringent requirements on positions that in our sole discretion involve higher levels of risk; for example, higher limits may apply for thinly traded, speculative or volatile securities, or concentrated positions of securities.

Schwab may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance written notice. Changes in Schwab’s policy regarding “house” maintenance margin requirements often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Schwab to liquidate or sell securities in your account.

Schwab retains absolute discretion to determine whether, when and in what amounts we will require additional collateral. For example, we may require additional collateral if an account contains only one security or a large concentration of one or more securities; or low-priced, thinly traded or volatile securities; or if some of your collateral is or becomes restricted or non-negotiable or non-marginable. We may also consider market conditions, your financial resources, or other factors deemed by us to be relevant given the circumstances at the time.

You are not entitled to an extension of time on a margin call. While an extension of time to meet margin requirements may be available to customers under certain conditions, a customer does not have a right to the extension.

Some accounts that carry a margin loan balance and hold dividend-paying securities may receive a “substitute income payment in lieu of a dividend” (PIL). This payment may be taxable as ordinary income. Taxable accounts that receive a PIL instead of a qualified dividend may also receive a supplemental credit from Schwab. This will be identified on customer statements as a “Schwab substitute income credit.” However, when Schwab can identify that a dividend is nonqualified, we will not credit your account with this additional payment.

• This credit is NOT “payment in lieu,” and is unrelated to any payment from either the security issuer or the borrower.

• It is a discretionary credit from Schwab which may be discontinuedin the future with or without notice.*

• It may be subject to tax at your ordinary income tax rate. Pleaseconsult your tax advisor about your specific tax situation.

• Because individual tax situations differ, Schwab cannot precisely calculate the additional tax costs a client might incur. Therefore,we do not intend, nor should clients expect, for this payment to bean exact reimbursement of any excess tax cost.

*Please refer to the “Loan Consent” section of your Account Agreement which states that no compensation is due in connection with such loansand that Schwab “is not required to compensate you for any differential tax treatment between dividends and payments in lieu of dividends.”

Independent investment advisors are not owned by, affiliated with, or supervised by Charles Schwab & Co., Inc. (“Schwab”). ADA

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©2016 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC0818868 (1116-PPUL) APP13017-26 (11/16)

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Transfer Your Account to SchwabWhen to use this form:

• Use this form to transfer securities and/or funds from another financial institution (e.g., brokerage firm, mutual fund company, bank or insurance company) into your Charles Schwab & Co., Inc. (“Schwab”) account.

• To see if your account is eligible for online transfers, go to schwab.com/transfer and log in.

• To roll over assets from a 401(k) or other qualified employer-sponsored retirement plan, please call a Schwab Rollover Consultant at 1-877-412-6116.

• If you want to open a new Schwab account, please attach a completed Open a Schwab One® Account application to this form.

• International transfers can be initiated by visiting international.schwab.com.

Please Remember:

• The names on the account you’re transferring should be identical to those on your Schwab account. If they do not match, you may need to provide one or more of the additional documents listed in Section 2.

• You must attach a copy of your most recent account statement (dated within 90 days) for the account you wish to transfer.

• For Sections 3–6, please complete only one section and continue to Section 7. • A separate Transfer Your Account to Schwab form must be used for each account you are transferring. • Return instructions are found on page 5.

Tell Us About Your Schwab Account (Required)

Name(s) (Please list all names as they appear on your account.)

Account Type/Registration Schwab Account Number Social Security/Tax ID Number

Tell Us About the Account You’re Transferring (Required)

- - Name of Firm, Mutual Fund Company or Insurance Company Delivering Firm Telephone Number

Name and Title of Account (as shown on your account) Account Number Account Type/Registration

Additional DocumentsIf the name(s) on your Schwab account differs from the name(s) on the account that you wish to transfer, you may need to provide additional documentation. Trust discrepancies may require additional documentation not listed below.

Last name changed. Please provide a certified marriage certificate, certified divorce decree or other certified court document.

First/middle name changed or listed differently. Please provide a court document or second-name letter.

1

If you are opening a new Schwab account, you can

leave the Schwab account number field blank.

2

If the names listed here do not match those listed on

your Schwab account, you may need to attach additional

documentation and/or have those signatures notarized.

Schwab.com

1-800-464-6093 (inside the U.S.)

+1-415-667-8400 (outside the U.S.)

1-888-686-6916 (multilingual services)

We’re here to help.

Page 1 of 5

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Transfer Your Account to Schwab | Page 2 of 5

For Sections 3–6, complete only one section and continue to Section 7.

Credit Union, Bank, Brokerage, Trust Company, and/or Dividend Reinvestment Transfers (If Applicable)

Do not complete this section if you have a CD or annuity transfer. Complete Section 4 or 5.

Amount of Transfer:

Full. Transfer my entire account in kind. (Includes cash and/or money market balances.)

Partial Transfer. Transfer $ (cash amount) and/or the assets listed below.

Name, Symbol, or CUSIP # (stocks, bonds, money market, etc.) (partial transfers only) Number of Shares or “ALL”




Liquidate Certificate of Deposit (CD) and Transfer Cash (If Applicable)

I am aware of and acknowledge any penalty I will incur from early withdrawal. It is my decision to proceed with this request. I understand that all bank-held and credit union–held CD requests should be submitted two to three weeks before maturity date and that requests should not be submitted earlier than 30 days before maturity.

Liquidate my CD immediately and transfer cash:

All. Transfer my entire CD proceeds: $ (expected value of my CD proceeds).

Partial. Transfer only $ of my CD proceeds.

Liquidate my CD at maturity / / and transfer cash: (mm/dd/yyyy)

All. Transfer my entire CD proceeds: $ (expected value of my CD proceeds).

Partial. Transfer only $ of my CD proceeds.

Surrender or Liquidate Annuity and Transfer Cash (If Applicable)

All annuities must be surrendered or liquidated and the proceeds transferred to Schwab, which could result in negative tax consequences, penalties and fees. Before signing this form and liquidating your existing annuity, you should discuss the implications with your own tax or estate planning professional. You may still proceed with the annuity surrender if you have determined to direct us to process the transaction, but it will be without the recommendation of Charles Schwab & Co., Inc. If you elect to proceed with the annuity surrender, please sign and return this form. If you have any questions, please contact your Schwab Representative.

Liquidate my annuity immediately and transfer cash:

All. Transfer my entire annuity proceeds: $ (expected value of my annuity proceeds).

Partial. Transfer only $ of my annuity proceeds.

Liquidate my annuity at maturity / / and transfer cash: (mm/dd/yyyy)

All. Transfer my entire annuity proceeds: $ (expected value of my annuity proceeds).

Partial. Transfer only $ of my annuity proceeds.

Important Annuity Information: Before signing this form and requesting that your annuity be liquidated and the proceeds transferred to Schwab, please contact your own tax professional. To transfer your annuity assets, a surrender or liquidation of your annuity contract assets must generally occur. This may result in the following consequences: surrender charges, loss of vested living or death benefits, potential impact to your estate plan, taxable earnings and

3

If your cash is held in a checking and/or savings

account, please deposit a check instead of completing

this form.

Attach additional pages if needed.

4

You may only select one choice.

You may be charged a penalty for early withdrawal.

5

For annuities not held in an IRA account, Section 1035

of the Internal Revenue Code may allow you to make a tax-free exchange of one

annuity contract for another annuity contract. Contact your tax or estate

planning professional before liquidating.

Do not complete this section if you are making a 1035

annuity exchange. For all 1035 annuity exchanges, call

1-888-311-4887.

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*APP13017-26=03*


possible tax penalties. Some annuities require the submission of the original policy to complete a transfer; please consult with your insurance company and submit the original policy if needed. By signing this form, I hereby direct Schwab to process the surrender indicated above and indemnify and hold harmless Schwab and its representatives from and against any and all claims, losses, taxes, penalties and costs (including reasonable attorney fees and expenses) arising from or related to my decision to direct Schwab to process this surrender.

Mutual Fund Company Transfers (If Applicable)

Type of Transfer

Full. Transfer my entire account. (List below all mutual fund account numbers being transferred.)

Partial. Transfer only certain funds. (Complete entire section below.)

Name of Fund, CUSIP and/or Symbol

Fund Account Number Quantity (Indicate

# of shares or “ALL.”)

Handling (Check one.)

Future Dividends and Capital Gains*

In Kind Liquidate Pay Cash Reinvest Pay/ Reinvest

*If you do not select a future dividend and capital gains option, Schwab will transfer all shares requested in kind and reinvest your dividends and capital gains distributions. If dividend reinvestment is not available at Schwab, Schwab will automatically pay all future dividends and capital gains distributions in cash.

Authorization to Transfer and Account Holder Signature(s)

To Delivering Firm: Unless otherwise indicated in the instructions in Sections 3–6, please transfer all assets in my account to Charles Schwab & Co., Inc. (“Schwab”).

I understand that to the extent any assets in my account are not readily transferable, with or without penalties, such assets may not be transferred within the time frames required by FINRA Rule 11870 or a similar rule of another designated examining authority. Unless otherwise indicated in the instructions in Sections 3–6, I authorize you to liquidate any nontransferable proprietary money market fund assets that are part of my account, and transfer the resulting credit balance to the successor custodian.

I understand that you will contact me with respect to the disposition of any other assets in my securities account that are non-transferable. I authorize you to deduct any outstanding fees due you from the credit balance in my account. If my account does not contain a credit balance, or if the credit balance in the account is insufficient to satisfy any outstanding fees due you, I authorize you to liquidate the assets in my account to the extent necessary to satisfy that obligation. If certificates or other instruments in my account are in your physical possession, I instruct you to transfer them in good deliverable form, including affixing any necessary tax waivers, to enable the successor custodian to transfer them in their name for the purpose of sale, when and as directed by me. I understand that upon receiving a copy of this transfer instruction, you will cancel all open orders for my account on your books.

I affirm that I have destroyed or returned to you credit/debit cards and/or unused checks issued to me in connection with my securities account.

For Retirement Accounts: If this transfer of account is for a qualified retirement account, I have amended the applicable plan so that it names Schwab as successor custodian. If this transfer of account is for an IRA, I hereby adopt or reaffirm my adoption of the Charles Schwab & Co., Inc. Individual Retirement Plan. If I am transferring an IRA and the IRA type indicated on my statement is different from the IRA I currently maintain at Schwab (e.g., Traditional IRA vs. Rollover IRA), I hereby authorize Schwab to commingle my IRA assets.

Fees: If the assets I am transferring are considered nonstandard assets at Schwab (such as limited partnerships), I understand that I will be charged set-up and maintenance fees.

I understand that fractional shares of stock are nontransferable, and I agree that any fractional shares will be liquidated by the delivering firm upon the transfer of the whole shares. The delivering firm may or may not charge a fee for this liquidation.

I understand that the delivering firm may or may not assess account fees for the transfer and/or termination of my account with them.

Please select only one box.

6

Please list all mutual fund accounts and include a

current statement dated within 90 days.

Use a separate transfer form for each mutual

fund company.

Attach additional pages if needed.

7

Please read and sign on the following page.

5. Surrender or Liquidate Annuity and Transfer Cash (If Applicable) (Continued)

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*APP13017-26=04*


Mutual Fund Dividends and Capital Gains (Account Transfers Via ACAT Only): I understand that my delivering broker may provide Schwab with mutual fund dividends and capital gains distribution instructions for each mutual fund position so that Schwab may implement these instructions. If the same position is already held in my Schwab account, the dividend instructions will default to the current Schwab choice. In the event that the instructions are not provided by the delivering broker or the dividend and/or capital gains distribution option requested is not available at Schwab, the instructions will default to reinvest (unless reinvestment isn’t available, in which case dividends and capital gains will be paid in cash).

Liquidations: I understand that buying and selling securities during the account transfer process may complicate and delay my transfer. Some firms may even “freeze” an account that is in the process of being transferred, meaning that no trades will be permitted until the transfer is complete. As a result, I should avoid trading during the transfer process. If I am concerned about not being able to sell my stock during the transfer process, I should consider selling my stock and waiting until I have received the proceeds before entering the transfer request.

Cost Basis: I understand that Schwab will update my account with the cost basis information provided on a transfer statement by a delivering firm. Because the accuracy of cost basis data depends upon these third-party statements, Schwab is not able to guarantee the availability, accuracy, or completeness of such cost basis data. It is my obligation to confirm the accuracy of the information Schwab receives from the delivering firm by visiting Schwab.com or calling Schwab. Cost basis information is intended for residents of the U.S. It may not be available or appropriate for customers who reside outside the U.S.

Name Discrepancies: All account holders or authorized signers of the account(s) listed in Sections 1 and 2 of this form must sign below. If an account holder’s name appears differently on either account, the owner must sign the form using all name variations (e.g., maiden name and married name). If there is a name variation, Schwab may require additional documentation before accepting the account, such as a marriage certificate or a divorce decree.

Registration Discrepancies: All account holders or authorized signers of the account(s) listed in Sections 1 and 2 of this form must sign below. By signing below, I/we acknowledge the existence of any differences in account owners and/or account type between the account being transferred into Schwab and the Schwab account. Each individual who signs below is aware of these discrepancies and authorizes Schwab to accept the transfer of assets as indicated on this form. Schwab or the delivering firm may require additional documentation to effect transfers of assets between unlike accounts.

By signing below, I/we acknowledge that I/we have read and I/we understand this form in its entirety. I/we hereby authorize the transfer of my/our account as listed in Section 2 to the Schwab account listed in Section 1. By signing below, I/we also authorize any name or account discrepancy during the transfer.

Account Holder/Trustee Signature Account Holder/Trustee Signature




Account Holder/Trustee Signature Account Holder/Trustee Signature




Important disclosures regarding account

discrepancies.

Use blue or black ink.

All non-Schwab account holders signing this transfer

form must have their signatures notarized.

SIGN HERE

7. Authorization to Transfer and Account Holder Signature(s) (Continued)

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Next Steps

Did you remember to:

Attach a copy of your most recent statement for the account you are transferring?

Attach any necessary additional documents listed in Section 2?

For Clients Residing in the United States:

Please return pages 1–5 of this form to your nearest Schwab branch or mail to Charles Schwab & Co., Inc.

Regular MailCharles Schwab & Co., Inc.Attn: IS Document Control P.O. Box 982600El Paso, TX 79998-2600

Regular MailCharles Schwab & Co., Inc.Attn: IS Document ControlP.O. Box 628291Orlando, FL 32862-8291

Overnight MailCharles Schwab & Co., Inc.Attn: IS Document Control1945 Northwestern DriveEl Paso, TX 79912

Overnight MailCharles Schwab & Co., Inc.Attn: IS Document Control1958 Summit Park, Ste. 200Orlando, FL 32810

For International Clients

Please return pages 1–5 of this form by mail to Charles Schwab & Co., Inc.

Standard U.S. MailAttn: International Account SolutionsCharles Schwab & Co., Inc.P.O. Box 982601El Paso, TX 79998-2601USA

International Mail/Overnight DeliveryAttn: International Account SolutionsCharles Schwab & Co., Inc.1945 Northwestern DriveEl Paso, TX 79912-1108USA

Be sure to enclose any accompanying materials with your form (such as a check for an initial deposit to open a new account). Should you have any questions or need help, just call 1-877-686-1937 (inside the U.S.) or +1-415-667-8400 (outside the U.S.).

8

Return instructions

FOR DELIVERING FIRM USE ONLY

RECEIVING FIRM INFORMATIONName and AddressCharles Schwab & Co., Inc. IS Document Control P.O. Box 982600 El Paso, TX 79998-2600

Tax ID Number94-1737782

Overnight Mailing AddressCharles Schwab & Co., Inc. IS Document Control 1945 Northwestern Drive El Paso, TX 79912

Schwab Clearing Number0164

FOR DELIVERING FIRM USE ONLYAll DTC-Eligible Securities: All deliveries MUST include client name and Schwab account number.

Delivery to DTC Clearing 0164, Code 40.

Dividend Reinvestment or Closed-End Mutual Funds: All deliveries MUST reference client name and Schwab account number. The client’s Schwab account number must not be included in the mailing address.

Do not establish an account in the name of Charles Schwab & Co., Inc. FBO (for benefit of) the client.

Issue a certificate for all whole shares, liquidate all fractional shares and discontinue dividend reinvestment.

Physical Delivery of Checks and/or Securities: All deliveries MUST reference client name and Schwab account number.

Name and Address Charles Schwab & Co., Inc. IS Document Control P.O. Box 982600 El Paso, TX 79998-2600

Overnight Mailing Address Charles Schwab & Co., Inc. IS Document Control 1945 Northwestern Drive El Paso, TX 79912

Fed Book-Entry Securities (e.g., Treasury Notes): All deliveries MUST include client name and Schwab account number.

Bank of New York Mellon ABA #: 021000018 BK OF NYC/CSCHWAB FBO: 8-digit customer A/C # and name.

Liquidate Money Fund and transfer cash according to instructions listed below.

Fedwire® Monies: All deliveries MUST include client name and Schwab account number.

Wire to: Citibank NA, 111 Wall Street, New York, NY 10005

ABA #: 021000089 FBO: Charles Schwab & Co., Inc. A/C #: 40553953 For further credit to Schwab Client Account #:

Foreign Securities: All deliveries MUST include client name and Schwab account number.

Call 1-602-355-9003 for delivery instructions.

ADA


• Visit Schwab.com for a status update on your transfer or to initiate your transfer online.

• To transfer funds from one Schwab account to another, go to the Transfer and Payments tab on Schwab.com or use the Letter of Authorization (LOA) Transfer Assets Between Schwab Accounts form.

• To obtain additional forms, visit Schwab.com or call 1-800-435-4000.

GENERAL INFORMATIONSchwab will not accept or honor any oral or written instructions from you to purchase or sell securities with the proceeds of the cash and/or transferred securities before we have actual receipt of your assets and the transfer process is complete.

If you want dividend reinvestment on your stocks, you will need to call 1-800-435-4000 after your transfer is complete.

If dividend reinvestment is not available for your mutual fund shares, Schwab will automatically pay all future dividends and capital gains distributions in cash. Requests to sell mutual fund positions are dependent upon the delivering firm receiving and processing the request and may take several weeks to complete.

If your fund is not transferable as shares, you may consider initiating a redemption at the fund company and request that they deliver cash to your Schwab account for a faster transfer.

If the account you are transferring holds pooled investments such as hedge funds, funds of funds, private equity, limited partnerships, REITs, or any other Alternative Investments, please contact our AI Service team at 1-877-201-2985.

FREQUENTLY ASKED QUESTIONSHow long will it take?

Depending on the type of securities, a typical transfer will take approximately three weeks. However, some may take up to six weeks or even longer.

Please remember that while we make every effort to ensure a swift transfer, the actual transfer time depends on how quickly securities are liquidated and released or transferred by the financial institution currently holding your investments.

Will I be charged a fee?

An exit fee may be charged by your previous financial institution upon receiving your transfer request. A wire fee may also be charged by your previous financial institution to transfer to Schwab.

Fractional shares of stock are nontransferable, and any fractional shares will be liquidated by the delivering firm upon the transfer of the whole shares. The delivering firm may or may not charge a fee for this liquidation.

If the assets you are transferring are considered nonstandard assets at Schwab (such as limited partnerships), there will be set-up and maintenance fees.

Are my funds transferable?

Schwab can transfer over 6,000 different mutual funds. Some financial firms issue their own (proprietary) mutual funds, and these funds typically cannot be transferred to any firm. Also, there are some mutual fund companies with whom Schwab has not established an agreement with the fund issuer to hold a particular mutual fund. If the mutual fund cannot be transferred, then you may be notified by mail.

How do I sell assets prior to transfer?

If there are assets that need to be sold before being transferred to Schwab, please instruct the delivering firm to sell assets in your brokerage or trust company account and cancel dividend reinvestment prior

to sending this form to Schwab. This helps ensure that liquidations proceed efficiently, because many brokerage or trust companies will not accept instructions from Schwab to sell assets.

On a mutual fund transfer where the fund is held directly with the mutual fund company, you may utilize Section 6 of the Transfer Your Account form to facilitate the liquidation (sell).

Can I liquidate my securities during the account transfer?

Buying and selling securities during the account transfer process may complicate and delay your transfer. Some firms may even “freeze” an account that is in the process of being transferred, meaning that no trades will be permitted until the transfer is complete. As a result, you should avoid trading during the transfer process. If you are concerned about not being able to sell your stock during the transfer process, please consider selling and waiting until you have received the proceeds before entering the transfer request.

How do I transfer an annuity?

We recommend that you contact your existing insurer to verify the status of any charges or benefits before you proceed with your transfer/exchange request. Please also note that, in order to process your request, additional documentation and information may be required by Schwab or the current insurer.

To transfer your annuity assets, a surrender or liquidation of your annuity contract assets must generally occur. This may result in the following consequences: surrender charges, loss of vested living or death benefits, taxable earnings and possible tax penalties. For annuities not held in an IRA account, Section 1035 of the Internal Revenue Code allows you to make a tax-free exchange of one annuity contract for another annuity contract. Some annuities require the submission of the original policy to complete a transfer; please consult with your Insurance Company and submit the original policy if needed.

How do I transfer my company retirement plans?

Please consult with your plan administrator before initiating a transfer request. Then, to roll over your 401(k) or another employer-sponsored retirement plan, call a Schwab Rollover Consultant at 1-877-412-6116. From filling out paperwork to answering your questions and helping you work with your plan administrator, a dedicated Rollover Consultant will personally manage the process for you from start to finish, making it easy to roll over to a new IRA.

What about cost basis?

Schwab will update your account with the cost basis information provided on a transfer statement by a delivering firm. Because the accuracy of cost basis data depends upon these third-party statements, Schwab is not able to guarantee the availability, accuracy or completeness of such cost basis data. It is your obligation to confirm the accuracy of the information Schwab receives from the delivering firm by visiting Schwab.com or calling Schwab. Cost basis information is intended for residents of the U.S. It may not be available or appropriate for customers who reside outside the U.S.

Questions? Call 1-800-435-4000. Thank you for investing with Charles Schwab.

Transfer Your Account: Additional Information

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http://schwab.com

http://schwab.com

http://schwab.com

http://schwab.com

Item # REG27258SBFM-13.indd Job # Page #

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Important Privacy Choice for ConsumersYou have the right to control whether we share some of your personal information. Please read the following information

carefully before you make your choice below.

Your Rights

You have the following right to restrict the sharing of personal and financial information with Schwab Affiliates (the family of financial services companies that The Charles Schwab Corporation owns or controls) and outside companies that we do business with. Nothing in this form prohibits the sharing of information necessary for us to follow the law, as permitted by law, or to give you the best service on your accounts with us. This includes sending you information about some other products or services.

Your Choice

Restrict Information Sharing With Schwab Affiliates And Other Companies We Do Business With To Provide Financial Products And Services: Unless you say “No,” we may share personal and financial information about you with Schwab Affiliates and outside companies we contract with to provide financial products and services to you.

NO, please do not share personal and financial information with Schwab Affiliates and outside companies you contract with to provide financial products and services.

Time-Sensitive Reply

You may make your privacy choice at any time. Your choice marked here will remain unless you state otherwise. However, if we do not hear from you, we may share some of your information with affiliated companies and other companies with which we have contracts to provide products and services. Your choice will apply to everyone on your account.

Name: ____________________________________________________________________________

Account Number: ______________________ Last 4 Digits of Social Security Number: _______ Zip Code: _________

Signature: _________________________________________________________________________ Date: _____________

Name: ____________________________________________________________________________

Account Number: ______________________ Last 4 Digits of Social Security Number: _______ Zip Code: _________

Signature: _________________________________________________________________________ Date: _____________

This Notice is being provided by Charles Schwab Bank as required by California law. You will also be receiving separately The Charles Schwab Corporation’s full Privacy Policy.

To exercise your choice, do one of the following:

1. Call this toll-free number: 1-877-812-1817; OR

2. Fill out, sign and fax this form to us at the following toll-free number: 1-877-242-2681; OR

3. Fill out, sign and send back this form to Charles Schwab Bank, P.O. Box 982600, El Paso, TX 79998-2600 (you may want to make a copy for your records).

©2016 Charles Schwab Bank. All rights reserved. Equal Housing Lender. Member FDIC. CC00492948 REG27258SBFM-13 (07/16)

©2018 Charles Schwab & Co., Inc. All rights reserved. MemberSIPC. AFTIA (1216-PA87) APP13049-24 (07/18)

Power of Attorney Page 1 of 7

Schwab.com

1-800-435-4000 (inside the U.S.)

+1-415-667-8400 (outside the U.S.)

1-888-686-6916 (multilingual services)

• Use this form to authorize a third party (referred to as your “Agent” or “Attorney-in-Fact”) to act on your behalf in connection with your Individual Retirement Account (IRA), your Schwab One® brokerage account and, if applicable, your linked Schwab Bank High Yield Investor Checking® account.

• Power of Attorney (POA) authority does not apply to custodial accounts unless you are an Investment Advisor acting in the capacity of a Limited Power of Attorney (LPOA).

• POA on fiduciary accounts (e.g., estates, guardianships and conservatorships) may be restricted by state laws or other standards.

• Agents must be U.S. citizens or U.S. resident aliens with a U.S. mailing address.

• If you are seeking to add an Agent to a trust account or a business account, Schwab may require additional documentation.

• This is a nondurable POA, meaning it will terminate when Schwab receives notice of the death or incapacity of the Account Holder(s). If Schwab is notified that you become incapacitated and can no longer make your own decisions or manage your own affairs, the authority granted to your Agent will end. If there is anything about this POA that you do not understand, please consult with an attorney.

• If you have a Schwab Global Account™ and wish to add a POA, you will need to complete a Power of Attorney for Schwab One Brokerage Account and Associated Schwab Global Account form.

• This is an important legal document that gives another person authority(ies) over your account. Please review it carefully with a trusted legal professional before you sign it.

Please Remember to:

• Choose your Agent’s type of authority in Section 2.

• If a new Account Holder is being added to an account with an existing POA, the new Account Holder and POA must complete this form.

• Obtain all Agent and Account Holder signatures in Sections 6 and 7 and obtain notarization for the Account Holder signature(s) in Section 8.

• If the powers granted to an individual who is currently a POA are changing, all account holders and the POA are required to complete this form.

• Have your Agent complete the Add Options Trading and Margin to Your Account form if the account is approved for options trading.

1 Tell Us About Yourself (Account Holder[s])

We respect your privacy. Schwab and Schwab Bank may use the information you provide to communicate with you and provide information about products and services. Read about the privacy policy of Schwab and Schwab Bank at www.schwab.com/privacy.

This Power of Attorney applies only to the following

account.Account Number

Account Holder or Trust/Organization

As required by federal law, Schwab and Schwab Bank will

use this information to verify your identity.

Name Title, First Middle Name Last Name, Suffix

Name Trust/Organization

Additional Account Holder or Trust/Organization

As required by federal law, Schwab and Schwab Bank will

use this information to verify your identity.


Name Trust/Organization

Investment Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value

www.schwab.com

www.schwab.com/privacy



2 Choose Your Agent’s Type of Authority (Select A or B)

Please choose the type of authority you wish to grant

your Agent: Limited Power of Attorney or Full Power of

Attorney.

Granting Power of Attorney gives your Agent a broad range of authority over your accounts, whether you grant your Agent trading authority (Limited Power of Attorney, or LPOA) or trading and withdrawal authority (Full Power of Attorney, or FPOA).

Please select only ONE type of authority you wish to grant your Agent below.

A. Trading Authority

You can select only ONE type of authority.

Trading Authority (LPOA) gives your Agent the authority to:

• Trade in your account in the same manner and extent that you are permitted to do.

• View your account online.

• Incur additional margin debt, if your account is approved for margin.

Please review the attached Power of Attorney Authorization and Agreement for more information about the powers, roles and responsibilities of all parties. LPOA does not allow your Agent to make withdrawals, transfer funds or securities out of your account, close your account, change the mailing address on your account or activate a Schwab One® Visa® Platinum Debit Card.

B. Trading and Withdrawal Authority

This grant of authority is not available to Investment

Advisors.

Trading and Withdrawal Authority (FPOA) gives your Agent trading authority as described in A above, plus the authority to:

• Withdraw funds from your account, including requesting that a check, electronic funds transfer (EFT) or wire transfer be sent to someone other than you, including a withdrawal made payable to the Agent.

• Request that assets in your account be transferred to another Schwab account in the name of a third party, including a transfer to the Agent’s separate Schwab account.

• Execute or change a beneficiary designation on your behalf on your eligible Schwab accounts (your Agent may not execute a beneficiary designation in favor of himself or herself).

Write checks on your account, including checks made payable to any third party and the Agent.

Please review the attached Power of Attorney Authorization and Agreement for more information about the powers, roles and responsibilities of all parties. An FPOA does not allow your Agent to add margin or options trading features to your account. With FPOA, your Agent cannot transfer securities out of your Schwab account to another brokerage firm unless the Agent also has a separate Durable Power of Attorney. With FPOA, your Agent can change his or her own password to access your account but cannot change your password, close your account or change the mailing address on your account.

For a trust account (other than a revocable living trust account, in which the Trustor[s], Trustee[s] and current beneficiary[ies] are all the same individuals), before granting FPOA, Schwab will require photocopies of the following pages from the trust document:

Please remember to include these materials for a trust

document.

• Title pages containing the name and date of the trust, Trustor(s) and Trustee(s)

• Signature page(s)

• Pages setting forth the Trustee(s)’ authority to delegate powers and appoint Agents

3 Authorize Duplicate Materials for Your Agent

Please select which materials should be sent to your Agent.

Your selection will apply to either authority chosen in

Section 2.

If you would like your Agent to receive copies of account statements or trade confirmations, check the appropriate box(es) below. If you do not make a selection, your Agent will not receive duplicate materials.

Mail duplicate account statements.

Mail duplicate trade confirmations.

Duplicate statement mailings apply only to Schwab One Brokerage accounts.



4 Provide Agent Information

Agent’s General Information

Please provide information on the Agent (“Attorney-in-Fact”) and/or Authorized

Check User being granted POA.


Are you (the Agent) known by another name? Please specify.

Social Security Number Date of Birth mm/dd/yyyy

Securities industry regulations require that we collect this

information.Home/Legal Street Address No P.O. Boxes City State Zip Code

Include mailing address if different from your

home/legal address. Mailing Address P.O. Boxes may be used City State Zip Code

If you want to add more than one Agent, please complete a

Power of Attorney form for each additional Agent.

Home Phone Mobile Phone Work Phone Extension

Email Address Mother's Maiden Name

Country(ies) of Citizenship Please list all.

USA Other(s)Country of Citizenship 1 Country of Citizenship 2, if applicable

Country of Legal Residence Please select only one box.

Agents must be U.S. citizens or U.S. resident aliens with a

U.S. mailing address.

USA OtherOther Country of Legal Residence

ID Type and Number Please select only one box and provide the relevant information below.

Agents with authority on Schwab Bank accounts,

including a Schwab Bank High Yield Investor Checking®

account linked to a Schwab One® brokerage account, must also be living in the

United States. Choose only one ID type and

provide the requested information.

Driver's License Passport U.S. Government-Issued ID

ID Number Country/State of ID Issuance ID Expiration Date mm/dd/yyyy

Marital Status

Single Married Divorced Widowed Number of Dependents

Securities industry regulations require that we collect this information.

Agent’s Employment Information

Please select only one box. Employed Self-Employed Retired Homemaker Student Not Employed


Business Street Address City State Zip Code



Occupation

If you selected “Employed” or “Self-Employed,” please

select one option that best describes your occupation.

Business Owner/Self-Employed Executive/Senior Management

Medical Professional Legal Professional

Accounting Professional Financial Services/Banking Professional

Information Technology Professional Other Professional

U.S. Government Employee (Federal/State/Local) Foreign Government Employee (Non-U.S.)

Military Educator

Clerical/Administrative Services Trade/Service Career (Labor/Manufacturing/Production)

Sales/Marketing Consultant

Other Please Specify:

Agent’s Financial Information

Securities industry regulations require that we collect this information.

Investment Experience

Please select only one box in each section.


Annual Income

Under $15,000 $15,000-$24,999 $25,000-$49,999 $50,000-$99,999 $100,000 or more

Liquid Net Worth

Liquid net worth is the part of net worth that can be easily turned into cash. Liquid net worth includes investments like stocks and mutual funds, but not assets like real estate or cars that are difficult to convert quickly.

Under $25,000 $25,000-$49,999 $50,000-$99,999 $100,000-$249,999 $250,000 or more

$

Specify dollar amount if $250,000 or more

The next seven questions are required.

1. Are you affiliated with or employed by a stock exchange or member firm of an exchange or FINRA, or a municipal securities broker-dealer?

Yes Please attach a letter from your employer approving your role as POA on this account.

No

2. Are you a director, 10% shareholder or policy-making officer of a publicly held company?

No Yes If yes, please list all companies below.

Company Name Trading Symbol

Company Name Trading Symbol



3. Are you being paid for providing investment advice on this account?

These questions are required. If you do not complete these

questions, we will not be able to process this form.

If you select yes for any of these questions and are not registered as an Investment

Advisor, you must also complete Section 5.

Yes, I am. No, I am not.

Please note: If a POA is receiving compensation for providing investment advice, that person may need to be registered as an Investment Advisor with the Securities and Exchange Commission (SEC) or the applicable state securities regulator. Registration laws and exemptions from registration vary by state. Many states require registration if a POA is receiving compensation for investment advice from just one client. The POA should consult with legal counsel and/or publicly available resources at www.nasaa.org and/or www.sec.gov to understand the Investment Advisor registration requirements. It is the legal responsibility of the POA to ensure he/she is complying with the Investment Advisor registration laws that apply to him/her.

4. Are you being paid for providing investment advice on any other Schwab account?

Yes, I am. No, I am not.

5. Are you a Registered Investment Advisor (Federal or State)?

Yes, I am. Please complete the fields below. No, I am not.

Firm Name or DBA Firm Tax Identification Number (TIN)

State or Federal Investment Advisor Registration Number

6. Is your employer being paid for providing investment advice on this account?

Yes, my employer is. No, my employer is not.

7. Is your employer a Registered Investment Advisor (Federal or State)?

Yes, my employer is. Please complete the fields below. No, my employer is not.

Firm Name or DBA Firm Tax Identification Number (TIN)

State or Federal Investment Advisor Registration Number

5 Provide Supplemental Agent Information (Only If Agent Is Compensated and Not Registered)

If your Agent is receiving compensation in connection with this account but is not registered as an Investment

Advisor, your Agent must complete these questions. Otherwise, continue to the

next section.

Do you or your employer qualify as a “family office” under the Investment Advisers Act, meaning that you provide advice to clients of a single family only, the family clients own the office, and you do not hold yourself out to the public as an Investment Advisor?

Yes No

Are you a lawyer, accountant, engineer or teacher (“professional”), and is any investment advice you provide incidental to the practice of your profession?

Yes No

If yes, please provide Schwab with a letter from your

attorney and/or supporting documentation for your

Agent’s claim of exemption from registration under the

Investment Advisers Act.

Are you legally exempt from registration as an Investment Advisor under federal or state law or for some other reason?

Yes No

Basis for Exemption

www.nasaa.org

www.sec.gov



6 Provide Agent Signature

Please make sure your Agent (“Attorney-in-Fact”) signs and

dates this section.

By signing this Power of Attorney form, I acknowledge that I have received and read the attached Schwab Power of Attorney Authorization and Agreement and retained a copy for my records. I acknowledge that my signature signifies and constitutes my agreement to the terms and conditions set forth in the attached Schwab Power of Attorney Authorization and Agreement, including the Agent’s Terms and Conditions in Section 3 and, if applicable, the Schwab Bank Agent’s Terms and Conditions in Section 7.

The Agent’s signature DOES NOT need to be notarized.

The Schwab Power of Attorney Authorization and Agreement contains a predispute arbitration clause. I acknowledge receipt of the predispute arbitration clause contained in Section 4, pages 3 and 4, of the Schwab Power of Attorney Authorization and Agreement.

Today’s Date mm/dd/yyyy

printName1

Print Name Title

signer1_SignHere signer1_DateSigned

7 Authorization Agreement and Account Holder Signature(s)

Please read, sign and obtain notarization for Account

Holder signature(s) below and on the following page.

By signing this Power of Attorney form, I certify that I have carefully read the provisions of this document, including the attached Power of Attorney Authorization and Agreement, and I understand that it authorizes my Agent, herein named, to exercise all rights and powers set forth above with respect to my brokerage account and, if appropriate, my Schwab Bank High Yield Investor Checking® account, and I understand that anything my Agent may do in the exercise of such rights and powers is fully binding upon me. I authorize Schwab (and Schwab Bank, if applicable) and other persons to whom Schwab (or Schwab Bank) has given instructions in order to implement my Agent’s instructions; to rely on my Agent’s instructions without obtaining my approval, countersignature or co-signature; and to take other actions necessary or incidental to the execution of such instructions. If I have named more than one Agent, I agree that each Agent may act independently and without the consent of any other Agent. I understand that this is not a durable POA and that all authority granted to my Agent shall cease automatically upon Schwab (or Schwab Bank, if applicable) receiving written notification from a licensed physician of my mental disability, incompetence, incapacity or death. If this POA relates to a trust account, each Trustee certifies that the trust instrument authorizes the delegation of authorities as indicated within this Power of Attorney form and such delegation is not prohibited by the laws that govern the trust. FURTHERMORE, BY SIGNING THIS FORM, I ACKNOWLEDGE THAT THE ATTACHED POWER OF ATTORNEY AUTHORIZATION AND AGREEMENT RELATES TO MY ACCOUNT(S) AND IS PART OF (A) THE ACCOUNT AGREEMENT BETWEEN SCHWAB AND ME FOR MY BROKERAGE ACCOUNT AND, IF APPLICABLE, (B) THE ACCOUNT AGREEMENT BETWEEN SCHWAB BANK AND ME FOR MY SCHWAB BANK HIGH YIELD INVESTOR CHECKING ACCOUNT. I ACKNOWLEDGE THAT I HAVE RECEIVED AND READ THE ATTACHED POWER OF ATTORNEY AUTHORIZATION AND AGREEMENT AND RETAINED A COPY FOR MY RECORDS AND THAT IT IS MY RESPONSIBILITY TO PROVIDE A COPY TO MY AGENT(S) IF I SO DESIRE. I understand that I am responsible for providing my Agent(s) with all agreements, disclosures and notices regarding my account(s) and this POA. I understand that I have the right to revoke or terminate this POA at any time by providing written notice to Schwab or Schwab Bank. I understand that if I have a Schwab Bank High Yield Investor Checking account, I may contact or be contacted by Schwab or Schwab Bank regarding this POA. The Schwab Power of Attorney Authorization and Agreement includes a predispute arbitration clause. I acknowledge receipt of the predispute arbitration clause contained in Section 4, pages 3 and 4, of the Schwab Power of Attorney Authorization and Agreement.


printName1

Print Name Title

signer1_SignHere signer1_DateSigned


Print Name Title



8 Obtain Notarization for Account Holder Signature(s)

All Account Holder signatures must be notarized.

The Agent’s signature DOES NOT need to be notarized.

Notice to CA Residents: A notary public or other officer completing this certificate verifies only the identity of the individual(s) who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

Certificate of Acknowledgment of Notary Public*

State of in the County of On mm/dd/yyyy


Notary Signature Today’s Date mm/dd/yyyy

Print Notary Name My Commission Expires mm/dd/yyyy

(NOTARY SEAL)


9 Return Instructions

• Upload online with secure messaging (if you are an existing client and have online access to your account).

1. Go to Schwab.com and log in to your account.

2. Click the Message Center link (under Service), and then click the Upload Document link.

3. Upload your form as an attachment by clicking the Add File button.

4. When your message is complete, click Send.

• Fax to 1-888-526-7252.

• Bring to your nearest Schwab branch (visit Schwab.com/branch for locations).

• Mail to any of the following addresses:

Regular Mail (West) Charles Schwab & Co., Inc. P.O. Box 982600 El Paso, TX 79998-2600

Regular Mail (East) Charles Schwab & Co., Inc. P.O. Box 628291 Orlando, FL 32862-8291

Overnight Mail (East) Charles Schwab & Co., Inc. 1958 Summit Park Dr., Ste. 200 Orlando, FL 32810

Overnight Mail (West) Charles Schwab & Co., Inc. 1945 Northwestern Drive El Paso, TX 79912


Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products and services are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.

www.schwab.com

www.schwab.com/branch

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Power of Attorney Authorization and Agreement Page 1 of 6

• Please read and retain for your files. - Client Copy • Sections 1–4 relate to your brokerage account and are part of the Account Agreement between each Account Holder

and Schwab. Sections 5–7 relate to your Schwab Bank High Yield Investor Checking® account and are part of the Account Agreement between each Account Holder and Schwab Bank, if applicable. The terms “I,” “me” and “my” refer to each Schwab or Schwab Bank Account Holder.

• Please note that for the purposes of this Power of Attorney (POA), the term “brokerage account” refers to your account with Charles Schwab & Co., Inc. (“Schwab”), a registered broker-dealer, and the term “Schwab Bank High Yield Investor Checking account” (“High Yield Investor Checking account”) refers to your account with Charles Schwab Bank (“Schwab Bank”), an Equal Housing Lender and Member FDIC.

Section 1: Account Holder’s Authorization of Agent’s PowersI authorize Schwab to take such actions as Schwab deems necessary to carry out instructions Schwab receives from me and/or Agent. I further authorize Schwab, in its sole discretion and for whatever reason, to request additional documentation from me prior to executing any transaction requested by my Agent. If I have appointed two or more Agents, both Agents will have identical powers as indicated in Section 2 of the Power of Attorney form, and I hereby authorize them to act alone and without the consent of the other Agent or Agents, with respect to the powers granted. In addition, I hereby authorize Schwab, in its sole discretion, to restrict my Account from further activity in the event the Agents enter conflicting or inconsistent instructions.

I authorize Schwab to mail duplicate copies of account statements and/or trade confirmations to the Agent(s), if I have so indicated by checking the boxes in Section 3. If Agent is associated with a securities firm of the Financial Industry Regulatory Authority (“FINRA”), Schwab is authorized to deliver information concerning my Account, including duplicate confirmations and account statements, to such firm upon written request.

For both FPOA and LPOA, the Agent’s authority will include, without limitation, the authority in the same manner and to the same extent as any Account Holder:

• to give instructions for transactions in securities and financial instruments, including the buying and selling of stocks, bonds, debentures, notes, subscription warrants, stock purchase warrants, options, mutual fund shares, evidences of indebtedness, and any other securities, instruments or contracts relating to securities; and

• (where necessary to complete any transaction) to transfer, convert, endorse, sell, assign, set over and deliver any assets held in the Account (the “Account Assets”) and to make, execute and deliver any and all written instruments of assignment and transfer; and

• to update certain account information, but not to change the account mailing address.

At its discretion, Schwab may, but is not obligated to, decline to accept certain updated account information from the Agent. The Agent under an LPOA is not authorized to withdraw or direct the disbursement of Account Assets from the Account. If my Account has a Margin and Short Account feature approved by Schwab, Agent is authorized to trade on margin, to sell short, to borrow securities, to otherwise cause credit to be extended through the Account, and to secure the performance of obligations in the Account with Account Assets. If my Account is authorized for options trading, after an options trading application is completed by the Agent and approved by Schwab, Agent is authorized to place options orders. Whenever this Power of Attorney is attached to any instrument of assignment or transfer, all persons shall be entitled, without further inquiry or investigation and regardless of the date of such Power of Attorney, to act in reliance upon the assumption that the Account Assets named in such instrument were duly and properly transferred, endorsed, sold, assigned, set over and delivered, and that with respect to such Account Assets the authority conferred herein is still in full force and effect. And, for FPOA only, the authority in the same manner and to the same extent as any Account Holder:

• to withdraw or direct the disbursement of money held in the Account in or into the name of any person or entity, including the Account Holder, the Agent or upon Agent’s instructions (but not to change or create joint or multiple-party accounts); and

• on my behalf, to enter into further agreements with Schwab regarding my Account, and generally take all actions necessary in connection with the Account, or which are considered desirable by the Agent.

Notwithstanding the aforementioned, if this trading authorization applies to an IRA, QRP, 403(b)(7) or Keogh account (“Retirement Account”) for which Schwab or its affiliate and/or any successor acts as trustee or custodian, this authorization shall allow the Agent to provide trading instructions to Schwab. However, such instructions shall be limited to purchase, exchange and sell orders in any investment permitted by the terms of the Retirement Account and pursuant to Schwab

policy, and other incidental transactions subject to the limitations described herein.

And, for FPOA on a Retirement Account only, the authority in the same manner and to the same extent as any Account Holder:

• to direct distributions from the Retirement Account (other than to the Agent) and to make any elections in connection therewith (including, without limitation, elections relating to tax withholding); and

• (if authorized) to execute any beneficiary designation for any Retirement Account held for my benefit at Schwab in favor of any party other than the Agent himself or herself. And, for Authorized Check User only, the Agent’s authority will include, without limitation, the authority in the same manner and to the same extent as any Account Holder to write checks to any person or entity. I agree that until this Power of Attorney is revoked by written notice to Schwab and all checks delivered to the Agent are returned, Schwab may continue to honor all checks written against the Account by the Agent.

Section 2: Account Holder’s Terms and ConditionsAll orders and transactions will be governed by the terms and conditions of all account agreements as applicable to my Account.

Role of Charles Schwab & Co., Inc. I acknowledge and agree that:

• Schwab will merely effect trades as directed by Agent (LPOA and FPOA only);

• Schwab will not give legal or tax advice;

• Agent and I are responsible for determining the nature, potential value and suitability for me of any particular investment strategy, transaction (including futures transactions) or security (including equities and options); I will not rely on Schwab for this purpose and, unless (1) required by applicable law, or (2) a Schwab representative gives advice directly to me or Agent that is clearly identified as a Schwab recommendation for me to enter into a particular transaction or to buy or sell a particular security, Schwab has no responsibility for any such determination;

• Schwab is not acting as a fiduciary;


Power of Attorney Authorization and Agreement - Client Copy Page 2 of 6

• I (and not Schwab) am responsible for investigating and selecting Agent;

• Agent is not affiliated with or controlled or employed by Schwab, and Schwab has not approved, recommended or endorsed Agent;

• Agent, and not Schwab, is solely responsible for determining if Agent is required to be registered as an Investment Advisor with a state agency or the Securities and Exchange Commission (SEC). Registration rules vary by state. I agree that it is Agent’s responsibility, and not Schwab’s, to check his/her state’s applicable rules;

• Unless required by applicable law, Schwab has no duty to review, supervise or monitor any investment decision, trading activity or transaction by Agent in my Account; and

• Schwab reserves the right, in its sole discretion, to no longer honor instructions for Agent and will notify me if it chooses to do so.

In addition, I have investigated the business experience, qualifications and reputation of my Agent and am satisfied with the experience, qualifications and reputation of my Agent.

I understand that Schwab has not provided any advice to me regarding this Power of Attorney, and if there is anything about this Power of Attorney that I do not understand, I should consult with my attorney for an explanation. Indemnification. I hereby ratify and confirm any and all transactions, trades or dealings effected in and for my Schwab Account by my Agent, and I agree to indemnify and hold harmless Schwab, its affiliates, and their directors, officers, employees and agents from and against all claims, actions, judgments, settlement amounts, costs and liabilities, including attorneys’ fees, arising out of or relating to:

• their reliance on this Power of Attorney;

• Schwab’s execution of Agent’s instructions; and

• Schwab’s execution of disbursement instructions received from Agent (FPOA and Authorized Check User only).

Furthermore, I agree to indemnify and hold Schwab harmless from, and to pay Schwab promptly upon demand for, any and all losses or financial obligations which may arise from the acts or omissions of the Agent with respect to my Account. I also agree that since Schwab will not review, supervise or monitor trading by the Agent in my Account, Schwab will not be liable and I will not attempt to hold Schwab liable for any trade or decision made by the Agent whom I have selected, regardless of whether or not any such trade or decision was specifically authorized by me. Termination of Authority. This Power of Attorney, authorization and indemnification will remain in effect until Schwab is notified in writing of my death, mental disability, incompetence or incapacity or until I have revoked it by written notification, and such notification is received by Schwab. Such

revocation will not affect my obligations resulting from transactions initiated prior to Schwab’s receipt of notice of revocation.Transfer Agent (LPOA and FPOA only). To induce any transfer agent or other third party to act hereunder, I hereby agree that any transfer agent or other third party receiving a duly executed copy or facsimile of this Power of Attorney may act upon it, and that revocation or termination hereof shall be ineffective as to such transfer agent or other third party unless and until actual notice or knowledge of such revocation or termination shall have been received by such transfer agent or other third party, and I, for myself and for my heirs, executors, legal representatives and assigns, hereby agree to indemnify and hold harmless any such transfer agent or third party from and against any and all claims that may arise against such transfer agent or other third party by reason of such transfer agent or third party having relied on this instrument.Assignment. This Power of Attorney supplements and in no way limits or restricts rights which Schwab may have under existing law or any other agreement with me. This Power of Attorney will bind my heirs, executors, administrators, successors and assigns, and will benefit Schwab’s successors, affiliates and assigns.Governing Law. The laws of the state of California (but not the choice of law doctrines), as applied to agreements signed and performed in California, shall apply and bind the parties in any and all questions arising under this Power of Attorney, including questions of validity, interpretation and performance, except that the arbitration agreement in Section 4 shall be governed by the Federal Arbitration Act.Arbitration. I agree to the arbitration provisions in Section 4, which also includes required arbitration disclosures.

Section 3: Agent’s Terms and ConditionsThe undersigned Agent and Charles Schwab & Co., Inc. (“Schwab”) agree that the authority conferred on the Agent by the Power of Attorney executed by the Account Holder (“Customer”) shall be exercised in accordance with the following terms and conditions (“Agreement”):Authorization to Make Transactions in the Customer’s Account. Agent may give instructions and take actions with respect to the Account pursuant to the Power of Attorney. Customer may revoke the Power of Attorney at any time by giving written notice to Schwab. Customer will have concurrent full authority at all times to take actions and place orders for the Account. Agent agrees not to take any actions that exceed the authority under the Power of Attorney or any other agreement between the Agent and the Customer.Role of Charles Schwab & Co., Inc. Unless required by applicable law, Schwab will not make or review trading or investment decisions or offer legal or tax advice and is not in any way

responsible for reviewing, supervising or monitoring any investment decision or trading activity in a Customer’s account. Customer and Agent are responsible for determining the nature, potential value and suitability for Customer of any particular investment strategy, transaction (including futures transactions) or security (including equities and options); Agent will not rely on Schwab for this purpose and, unless (1) required by applicable law, or (2) a Schwab representative gives advice directly to Agent that is clearly identified as a Schwab recommendation for Agent to enter into a particular transaction or to buy or sell a particular security, Schwab has no responsibility for any such determination.Trade Confirmations and Account Statements. Unless the Customer directs otherwise, Schwab will not automatically send duplicate trade confirmations and account statements to the Agent.Agent’s Relationship to Schwab. If appointed FPOA or LPOA, Agent hereby represents that he/she is familiar with and has reviewed the investment goals, guidelines and objectives of the Customer and will invest in a way that is consistent with the Customer’s stated goals and objectives. Such Agent will not represent to Customer that Schwab and Agent are affiliated or have any relationship other than that described in this Agreement; that Schwab endorses or recommends the Agent; that Schwab provides any advice other than that described in this Agreement; that Schwab participates in or reviews Agent’s trading decisions; or that Schwab manages, supervises or monitors trading in the Account.

Any Agent agrees to immediately notify Schwab of the Customer’s death or any termination or revocation of the Power of Attorney and/or modification of the Power of Attorney; Agent also agrees to notify Schwab of any incapacity, incompetence or mental disability of the Customer that would render the Power of Attorney void.Compliance with Applicable Law. Agent will comply with all applicable state and federal laws (including the Investment Advisers Act of 1940 and comparable state laws), rules and regulations as they may be amended from time to time, including, without limitation, making such disclosure as may be required by applicable law, rule or regulation.

Agent further agrees that Agent, and not Schwab, is solely responsible for determining if Agent is required to be registered as an Investment Advisor with a state agency or the Securities and Exchange Commission (SEC).

Registration rules vary by state. Agent agrees to check his/her state’s applicable rules.Compliance with FINRA Rules of Fair Practice. Agent represents and warrants that, unless the Agent has given Schwab written notice to the contrary, Agent is not “associated” with a member of the Financial Industry Regulatory Authority, within the meaning of Article I(Q) of the FINRA bylaws. Agent agrees to give Schwab



prompt and written notice if Agent later becomes so associated in accordance with FINRA’s Conduct Rule 3050 (formerly Section 28 of the Rules of Fair Practice).Information. Agent will provide promptly any information reasonably requested by Schwab concerning the management of the Account or compliance with this Agreement. If questions arise concerning compliance with any law, whether federal or state, Agent will take any action believed by Schwab to be necessary to ensure compliance with applicable law. This provision shall not be read to imply that Schwab has any duty to supervise or monitor Agent’s management of Customer’s accounts or compliance with applicable law. Agent represents and warrants that all information Agent provides to Schwab in this Agreement, or otherwise at any time, is true, accurate and complete. If any information Agent furnishes to Schwab becomes materially inaccurate, false, or otherwise misleading, Agent agrees to notify Schwab promptly and take such action as is necessary to revise such information.Verification. Agent authorizes Schwab to inquire from any source, including a consumer reporting agency, as to Customer’s identity (as required by federal law), creditworthiness and ongoing eligibility for the Account (and that of Customer’s spouse, if Customer lives in a community property state) at account opening, at any time throughout the life of the Account, and thereafter for debt collection or investigative purposes.Monitoring of Conversations. Agent agrees that Schwab may, but is not obligated to, record telephone calls to monitor the quality of service Agent or Customer receives, to verify securities transaction information or for any other valid purpose. Agent acknowledges that Schwab may not be able to locate a tape recording unless Schwab is provided the date and time of the conversation and the full name of the Schwab representative involved in the conversation. Agent agrees that Schwab has the sole right to determine how long tape recordings will be retained.Sale and Control of Restricted Securities (LPOA and FPOA only). Before instructing Schwab to sell securities that are:

• “restricted securities” or securities of an issuer of which Agent or the Customer is an “affiliate” (as those terms are defined in Rule 144 under the Securities Act of 1933), or

• securities that are being sold in reliance on Rule 701 or Rule 145 under such Act, or

• securities of which the Customer or the Agent and the issuer or its underwriter have entered into an agreement restricting the transferability of such securities,

Agent agrees to tell Schwab the status of such securities and promptly furnish whatever information and documents (including opinions of legal counsel, if requested) that Schwab requests in order to comply with its regulatory duties.

Agent agrees not to hold Schwab liable for delays in the sale or settlement of such securities, or the release of proceeds from such sale resulting from the failure of the issuer’s counsel to issue in a timely manner or to approve any necessary legal opinion, or any other action or failure to act of any person or entity other than Schwab.

Agent agrees not to tender any such securities as collateral for an obligation the Customer owes Schwab, unless Agent first obtains Schwab’s prior written consent.Indemnification. Agent agrees to indemnify and hold harmless Schwab, its affiliates and their directors, officers, employees and Agents from and against all claims, actions, judgments, settlement amounts, cost and liabilities, including attorneys’ fees, arising out of or relating to:

• any breach by Agent of any provision of this Agreement;

• the performance or non-performance of the Agent’s services; and

• any dispute involving Agent and Customer.Entire Agreement. This Agreement contains all of the agreements, representations and understandings made between Agent and Schwab. All modifications and amendments must be in writing and signed by Schwab.

Schwab may amend the Agreement with advance notice to Agent.Assignment. Schwab may assign its rights and obligations under this Agreement to any subsidiary, affiliate or successor by merger or consolidation without notice to the Agent, or to any other entity after 30 days’ written notice to Agent. Agent may not assign this Agreement without Schwab’s prior written consent. This Agreement is binding upon and will inure to the benefit of each party’s successors, heirs, legal representative and permitted assigns.Waivers. The failure of either party at any time to require performance by the other party of any provision of this Agreement will not affect in any way the right to require such performance at any time thereafter. The waiver by either party of a breach of any provision hereof will not be taken or held to be a waiver of the provision itself.Governing Law. The laws of the state of California (but not the choice of law doctrines), as applied to agreements signed and performed in California, shall apply and bind the parties in any and all questions arising under this Power of Attorney, including questions of validity, interpretation and performance, except that the arbitration agreement in Section 4 below shall be governed by the Federal Arbitration Act.Arbitration. Agent agrees to the arbitration provisions in Section 4, which also includes required arbitration disclosures.

Section 4: Account Holder and Agent Agree to ArbitrationRequired Arbitration Disclosures. Regulatory authorities require that any brokerage

agreement containing a predispute arbitration agreement must disclose that this agreement contains a predispute arbitration clause. This Agreement contains a predispute arbitration clause. By signing an arbitration agreement, the parties agree as follows:

• All parties to this Agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed.

• Arbitration awards are generally final and binding; a party’s ability to have a court reverse or modify an arbitration award is very limited.

• The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings.

• The arbitrators do not have to explain the reason(s) for their award unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date.

• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.

• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.

• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this Agreement.

No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action; or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until:

1. the class certification is denied;

2. the class is decertified; or

3. the customer is excluded from the class by the court.

Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this Agreement except to the extent stated herein.Arbitration Agreement. Any controversy or claim arising out of or relating to (i) this Agreement, any other agreement with Schwab, an instruction or authorization provided to Schwab or the breach of any such agreements, instructions, or authorizations; (ii) the Account, any other Schwab account or Services; (iii) transactions in the Account or any other Schwab account; (iv) or in any way arising from the relationship with Schwab, its parent, subsidiaries, affiliates, officers, directors, employees, agents or service



providers (“Related Third Parties”), including any controversy over the arbitrability of a dispute, will be settled by arbitration.

This arbitration agreement will be binding upon and inure to the benefit of the parties hereto and their respective representatives, attorneys-in-fact, heirs, successors, assigns and any other persons having or claiming to have a legal or beneficial interest in the Account, including court-appointed trustees and receivers. This arbitration agreement will also inure to the benefit of third-party service providers that assist Schwab in providing Services (“Third-Party Service Providers”) and such Third-Party Service Providers are deemed to be third-party beneficiaries of this arbitration agreement.

The parties agree that this arbitration agreement will apply even if the application to open the Account is denied and will survive the closure of your Account and/or the termination of services rendered under this Agreement.

Such arbitration will be conducted by, and according to the securities arbitration rules and regulations then in effect of, the Financial Industry Regulatory Authority (FINRA) or any national securities exchange that provides a forum for the arbitration of disputes, provided that Schwab is a member of such national securities exchange at the time the arbitration is initiated. Any party may initiate arbitration by filing a written claim with FINRA or such eligible national securities exchange. If arbitration before FINRA or an eligible national securities exchange is unavailable or impossible for any reason, then such arbitration will be conducted by, and according to the rules and regulations then in effect of, the American Arbitration Association (AAA). If arbitration before the AAA is unavailable or impossible for any reason, the parties agree to have a court of competent jurisdiction appoint three (3) arbitrators to resolve any and all disputes or controversies between or among the parties. Each party shall bear its own initial arbitration costs, which are determined by the rules and regulations of the arbitration forum. In the event of financial hardship, the arbitration forum may waive certain costs in accordance with such rules. At the conclusion of the hearing, the arbitrators will decide how to assess the costs of the arbitration among the parties.

Any award the arbitrator makes shall be final and binding, and judgment on it may be entered in any court having jurisdiction. This arbitration agreement shall be enforced and interpreted exclusively in accordance with applicable federal laws of the United States, including the Federal Arbitration Act. Any costs, fees or taxes involved in enforcing the award shall be fully assessed against and paid by the party resisting enforcement of said award. For FINRA arbitrations, FINRA will appoint a

single public arbitrator in customer cases decided by one arbitrator. In customer cases decided by three arbitrators, investors have the option of choosing an arbitration panel with two public arbitrators and one non-public arbitrator (Majority-Public Panel Rule) or a panel of all public arbitrators (Optional All-Public Panel Rule). If the customer declines to elect a panel selection method in writing by the applicable deadline, the Majority-Public Panel Rule for selecting arbitrators will apply.

All notices from one party to the other involving arbitration shall be considered to have been fully given when so served, mailed by first-class, certified or registered mail, or otherwise given by other commercially accepted medium of written notification.

In addition to the above provisions, if a party to this Agreement is or becomes a non-U.S. resident at the time of any controversy subject to this arbitration agreement, such party acknowledges and agrees to the following additional provisions:

(1) The rules of the organization administering the arbitration specifically provide for the formal designation of the place at which the arbitration is to be held.

(2) Entering into this Agreement constitutes consent to submit to the personal jurisdiction of the courts of the state of California, U.S.A., to interpret or enforce any or all of these arbitration provisions. Judgment on any arbitration award may be entered in any court having jurisdiction, or application may be made to such court for judicial acceptance of the award and an order of enforcement, as the case may be.

(3) The exclusive language to be used by the parties and the arbitrators in the arbitration proceedings shall be English. Any party wishing an interpreter shall make all arrangements directly with the interpreter and shall assume all costs of the service.

(4) If a party is a foreign government or state, state-owned or state-operated enterprise or other instrumentality of a foreign government or state, such party waives all rights of sovereign immunity and neither the Federal Act of State doctrine nor the doctrine of sovereign immunity shall apply insofar as any enforcement in courts located in the U.S.A. is concerned.

Section 5: Schwab Bank Account Holder’s Authorization of Agent’s PowersI authorize Charles Schwab Bank (“Schwab Bank”) to take such actions as Schwab Bank deems necessary to carry out instructions Schwab Bank receives from me and/or Agent. I further authorize Schwab Bank, in its sole discretion and for whatever reason, to request additional documentation from me prior to executing any transaction requested by my Agent. If I have appointed two or more Agents, both Agents will have identical powers as indicated in Section 2 of the Power of Attorney

form, and I hereby authorize them to act alone and without the consent of the other Agent or Agents with respect to the powers granted. In addition, I hereby authorize Schwab Bank, in its sole discretion, to restrict my Schwab Bank High Yield Investor Checking® account from further activity in the event the Agents enter conflicting or inconsistent instructions.

For LPOA, my Agent’s authority consists of the authority to view account information, balances and transactions, but not to make withdrawals or transfer funds. My Agent may also request copies of specific account statements upon my request.

For FPOA, my Agent’s authority consists of unlimited authority to view account information, balances and transactions, transfer or withdraw money from my Account, including into the name of the Agent, to write checks against my Account, obtain stop payments and generally take any other actions with respect to my Account in the same manner and to the same extent as I am permitted to do. My Agent may also request copies of specific account statements upon my request. I understand that certain access devices may not be made available to my Agent. My Agent is authorized to update certain account information, but not to change the High Yield Investor Checking account mailing address nor to change or create joint accounts. At its discretion, Schwab Bank may, but is not obligated to, decline to accept certain updated account information from the Agent. My Agent is authorized on my behalf to enter into further agreements with Schwab Bank regarding my High Yield Investor Checking account and generally to take all actions necessary in connection with the Account, or which are considered desirable by the Agent.

Whenever this Power of Attorney is attached to any instrument of assignment or transfer, all persons shall be entitled, without further inquiry or investigation and regardless of the date of such Power of Attorney, to act in reliance upon the assumption that the Account Assets named in such instrument were duly and properly transferred, endorsed, sold, assigned, set over and delivered, and that with respect to such Account Assets the authority conferred herein is still in full force and effect.

Section 6: Schwab Bank Account Holder’s Terms and ConditionsAll transactions will be governed by the terms and conditions of all account agreements as applicable to my High Yield Investor Checking account.

Role of Schwab Bank. I acknowledge and agree that:

• Schwab Bank will merely effect transactions as directed by Agent (LPOA and FPOA);

• Schwab Bank will not give legal or tax advice;

• Schwab Bank is not acting as a fiduciary;

• I (and not Schwab Bank) am responsible for investigating and selecting Agent;



• Agent is not affiliated with or controlled or employed by Schwab Bank, and Schwab Bank has not approved, recommended or endorsed Agent;

• Unless required by applicable law, Schwab Bank has no duty to review, supervise or monitor any transaction by Agent in my High Yield Investor Checking account; and

• Schwab Bank reserves the right, in its sole discretion, to no longer honor instructions for Agent and will notify me if it chooses to do so.

I understand that Schwab Bank has not provided any advice to me regarding this Power of Attorney, and if there is anything about this Power of Attorney that I do not understand, I should consult with my personal attorney for an explanation.

Indemnification. I hereby ratify and confirm any and all transactions or dealings effected in and for my High Yield Investor Checking account by my Agent, and I agree to indemnify and hold harmless Schwab Bank, its affiliates, and their directors, officers, employees and agents from and against all claims, actions, judgments, settlement amounts, costs and liabilities, including attorneys’ fees, arising out of or relating to:

• their reliance on this Power of Attorney;

• Schwab Bank’s execution of Agent’s instructions; and

• Schwab Bank’s execution of disbursement instructions received from Agent (FPOA only).

Furthermore, I agree to indemnify and hold Schwab Bank harmless from, and to pay Schwab Bank promptly upon demand for, any and all losses or financial obligations which may arise from the acts or omissions of the Agent with respect to my High Yield Investor Checking account. I also agree that Schwab Bank will not be liable and I will not attempt to hold Schwab Bank liable for any transaction or decision made by the Agent whom I have selected, regardless of whether or not any such transaction or decision was specifically authorized by me. Termination of Authority. This Power of Attorney, authorization and indemnification will remain in effect until Schwab Bank or Schwab is notified in writing of my death, mental disability, incompetence or incapacity or until I have revoked it by written notification, and such notification is received by Schwab Bank or Schwab. Such revocation will not affect my obligations resulting from transactions initiated prior to Schwab Bank’s or Schwab’s receipt of notice of revocation.

Assignment. This Power of Attorney supplements and in no way limits or restricts rights which Schwab Bank may have under existing law or any other agreement with me. This Power of Attorney will bind my heirs, executors, administrators, successors and assigns, and will benefit Schwab Bank’s successors, affiliates and assigns.

Governing Law. The laws of the state of

Nevada (but not the choice of law doctrines), as applied to Schwab Bank agreements signed and/or performed by Schwab Bank, shall apply and bind the Account Holder(s) and Agent(s) in any and all questions arising under Sections 5 through 7 of this Power of Attorney Authorization and Agreement, including questions of validity, interpretation and performance. All other questions arising out of any other section of this Power of Attorney Application and Agreement shall be governed by California law.

Arbitration. The arbitration provision in the Schwab Bank Deposit Account Agreement applies to this Power of Attorney with respect to the Account Holder’s agreement with Schwab Bank.

Section 7: Schwab Bank Agent’s Terms and ConditionsThe Agent signing in Section 6 of the Power of Attorney form and Schwab Bank agree that the authority conferred on the Agent by the Power of Attorney executed by the Schwab Bank High Yield Investor Checking® Account Holder (“Customer”) shall be exercised in accordance with the following terms and conditions:

Authorization to Make Transactions in the Customer’s Account. Agent may give instructions and take actions with respect to the Account pursuant to the Power of Attorney. Customer may revoke the Power of Attorney at any time by giving written notice to Schwab Bank or Schwab.

Customer will have concurrent full authority at all times to take actions for the Account. Agent agrees not to take any actions that exceed the authority under the Power of Attorney or any other agreement between the Agent and the Customer.

Role of Schwab Bank. Unless required by applicable law, Schwab Bank will not make or review transactions or investment decisions or offer legal or tax advice and is not in any way responsible for reviewing, supervising or monitoring any transactions in a Customer’s account.

Account Statements. Unless the Customer makes a specific request, Schwab Bank will not send duplicate account statements to the Agent.

Agent’s Relationship to Schwab Bank. Such Agent will not represent to Customer that Schwab Bank and Agent are affiliated or have any relationship other than that described in this Power of Attorney; that Schwab Bank endorses or recommends the Agent; that Schwab Bank provides any advice other than that described in this Power of Attorney; that Schwab Bank participates in or reviews Agent’s decisions; or that Schwab Bank manages, supervises or monitors transactions in the Account.

Any Agent agrees to immediately notify Schwab Bank of the Customer’s death or any termination or revocation of the Power of Attorney and/or modification of the Power of

Attorney; Agent also agrees to notify Schwab Bank of any incapacity, incompetence or mental disability of the Customer that would render the Power of Attorney void.

Compliance with Applicable Laws. Agent will comply with all applicable state and federal laws, rules and regulations as they may be amended from time to time, including, without limitation, making such disclosure as may be required by applicable law, rule or regulation.

Information. Agent will provide promptly any information reasonably requested by Schwab Bank concerning the management of the Account or compliance with this Power of Attorney. If questions arise concerning compliance with any law, whether federal or state, Agent will take any action believed by Schwab Bank to be necessary to ensure compliance with applicable law. This provision shall not be read to imply that Schwab Bank has any duty to supervise or monitor Agent’s management of Customer’s accounts or compliance with applicable law.

Agent represents and warrants that all information Agent provides to Schwab Bank in this Power of Attorney, or otherwise at any time, is true, accurate and complete. If any information Agent furnishes to Schwab Bank becomes materially inaccurate, false, or otherwise misleading, Agent agrees to notify Schwab Bank promptly and take such action as is necessary to revise such information.

Verification. Agent authorizes Schwab Bank to inquire from any source, including a consumer reporting agency, as to Agent’s identity (as required by federal law), creditworthiness and ongoing eligibility for the High Yield Investor Checking account at account opening, at any time throughout the life of the Account, and thereafter for debt collection or investigative purposes.

Recording and Monitoring Telephone Calls. Schwab Bank may record or monitor telephone calls between Agent and Schwab Bank. Schwab Bank need not remind Agent of such recording or monitoring before each call unless required to do so by law.

Indemnification. Agent agrees to indemnify and hold harmless Schwab Bank, its affiliates and their directors, officers, employees and Agent from and against all claims, actions, judgments, settlement amounts, cost and liabilities, including attorneys’ fees, arising out of or relating to:

• any breach by Agent of any provision of this Power of Attorney;

• the performance or non-performance of the Agent’s services; and

• any dispute involving Agent and Customer. Entire Agreement. This Power of Attorney and the Schwab Bank High Yield Investor Checking Account Agreement contain all of the agreements, representations and understandings made between Agent and Schwab Bank. All modifications and amendments must be in writing and signed by



Schwab Bank. Schwab Bank may amend this Power of Attorney with advance notice to Agent.

Assignment. Schwab Bank may assign its rights and obligations under this Power of Attorney to any subsidiary, affiliate or successor by merger or consolidation without notice to the Agent, or to any other entity after 30 days’ written notice to Agent.

Agent may not assign this Power of Attorney without Schwab Bank’s prior written consent. This Power of Attorney is binding upon and will inure to the benefit of each party’s successors, heirs, legal representative and permitted assigns.

Waivers. The failure of either party at any time to require performance by the other party of any provision of this Power of Attorney will not affect in any way the right to require such performance at any time thereafter. The waiver by either party of a breach of any provision hereof will not be taken or held to be a waiver of the provision itself.

Governing Law. The laws of the state of Nevada (but not the choice of law doctrines), as applied to Schwab Bank agreements signed and/or performed by Schwab Bank, shall apply and bind the Customer(s) and Agent(s) in any and all questions arising under Sections 5 through 7 of this Power of Attorney Authorization and Agreement, including questions of validity, interpretation and performance. All other questions arising out of any other section of this Power of Attorney Authorization and Agreement shall be governed by California law.

Arbitration. With respect to its relationship with Schwab Bank, Agent agrees to the arbitration provision located in the Schwab Bank Deposit Account Agreement.

Trustee Services

Managing a trust can be complex. The trustee plays a crucial role in implementing any estate plan involving trusts. Schwab provides knowledgeable assistance and support to help trustees with this responsibility.

The role of the trustee Asset management. The trustee takes custody of and protects and manages trust assets. This includes financial assets, such as stocks, bonds, and mutual funds, as well as nonfinancial assets, such as certain real estate and business interests.

Administrative duties. In addition to asset management, the trustee is responsible for:

• Collecting trust income and paying trust expenses, including taxes

• Making appropriate distributions to beneficiaries

• Keeping accurate records, including principal and income accounting

• Filing all required tax reporting documents

• Carrying out the terms of the trust

Selecting a trustee You may choose between an individual and the professional services of an institution to manage a trust. Here are some of the factors to consider when selecting a trustee.

Individual Trustee Professional Trustee

Availability Personal health and other circumstances could prevent an individual from serving when needed.

An institution is available when needed and can provide continuity from generation to generation.

Expertise While any given individual might not be able to perform each and every function required of a trustee, he or she can generally hire the expertise needed.

A professional trustee can usually perform all of the functions with in-house resources. If not, the institution can also hire outside experts.

Objectivity If family conflicts arise, will the individual trustee be able to remain objective?

Using a professional trustee can help defuse potential family conflicts.

Practicality While there are no absolute minimum or maximum amounts an individual trustee can manage, some clients might be uncomfortable with this arrangement when the trust is very large.

Professional trustees are generally capable of and comfortable handling very large trusts. Also, they typically have minimum asset requirements.

Individual trustee services from Schwab

Schwab can provide a wide range of resources to support individual trustees in carrying out their investment duties. From tools for the completely self-directed trustee to ongoing portfolio management by an independent professional, Schwab has investment solutions to fit each situation.

Trustee Services

1 Schwab Advisor Network advisors are independent and are not employees or agents of Charles Schwab & Co., Inc. (“Schwab”). Schwab prescreens advisors and checks their experience and credentials against criteria Schwab sets, such as years of experience managing investments, amount of assets managed, professional education, regulatory licensing, and business relationship as a client of Schwab. Advisors pay fees to Schwab in connection with referrals. Schwab does not supervise advisors and does not prepare, verify, or endorse information distributed by advisors. Investors must decide whether to hire an advisor and what authority to give him or her. Investors, not Schwab, are responsible for monitoring and evaluating an advisor’s service, performance, and account transactions. Services may vary depending on which advisor an investor chooses.

For clients of independent investment advisors. Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.

2 Administrative Trustee Services are provided by the Personal Trust Services Division of Charles Schwab Bank. Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and wholly owned subsidiaries of The Charles Schwab Corporation. Schwab Advisor Services™ is a business segment of The Charles Schwab Corporation serving independent investment advisors and includes the custody, trading, and support services of Charles Schwab & Co., Inc. Charles Schwab Bank Personal Trust Services Division serves as administrative trustee of trusts whose investments are managed by independent investment advisory firms and are selected solely by the trust’s grantor or beneficiaries to provide investment

advisory services for the trust. These advisory firms are not affiliated with The Charles Schwab Corporation, Charles Schwab Bank, Charles Schwab & Co., Inc., or any of their affiliates or subsidiaries. Schwab Advisor Services also provides custody, securities brokerage, trust accounting, and related back-office services to the administrative trusts for which Charles Schwab Bank serves as an administrative trustee.

Limitations of Services—The Charles Schwab Bank Personal Trust Services Division does not draft wills or trust documents; provide tax, legal, or planning advice; act as a personal representative or executor; perform estate settlement, or provide asset management or investment advice.

This material is for general informational purposes only and is not intended, nor should it be construed as, tax or legal advice. Schwab Bank does not offer tax or legal advice. Please consult your tax advisor and legal counsel.

Access to electronic services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade or maintenance, or for other reasons.

Important Trust and Estate Planning Information The information provided here is general and educational in nature. It is not intended to be, and should not be construed as, legal or tax advice. Schwab does not provide legal or tax advice. Federal and state laws applicable to trusts and estates are complex and are subject to change. Consult an attorney or tax advisor regarding your specific legal or tax situation.

This communication is not a solicitation or offer of fiduciary services in any state where it would be prohibited by law. Asset minimums for these services may vary by state. Please call for details.

Just as each investor’s personal goals are unique, trustees have specific needs as well. Whether a trustee prefers little or no investment help, wants some level of assistance, or wishes to delegate investment management to a third-party advisor, Schwab has appropriate alternatives.

• For trustees who want to invest on their own, Schwab offers convenient account access, a diverse range of investment choices, timely research, educational resources, and online investing tools—all to help self-directed trustees invest with insight and ease.

• For trustees who would like customized investment advice, Schwab can help. Whether a trustee wants occasional advice or full-time management, and if the portfolio is straightforward or complex, Schwab has a solution.

Trust account services

Regardless of the individual trustee’s needs, Schwab has products and services that can simplify trust administration, including:

• Schwab One® Trust Account with full investment and cash management features, such as checkwriting and 24/7 service and support

• Schwab BillPay® and Schwab MoneyLink®

• Titling of stock certificates and accounts at Schwab to the name of the trust to help ensure that these assets are distributed according to the terms of the trust

• Making distributions to the accounts of beneficiaries at Schwab

Professional trustee services

Professional trustee services are available to you through the Schwab Advisor Network.®1

Schwab Advisor Network. If your needs are more complex and you want an institution to fulfill the role of trustee, we can refer you to an independent investment advisor who works with firms (such as Charles Schwab Bank®2) that provide administrative trustee duties. The investment advisor would handle the investment management of the assets in your trust.

Asset requirements. Schwab Advisor Network referrals are made for clients who have investment assets of $500,000 or more.

Next steps Call Schwab’s Trust and Estate helpline at 1-800-742-6262.

Schedule an appointment at a Schwab branch near you at schwab.com/branch.

Access our estate planning tools and information at schwab.com/estateplanning.

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