Fill - Free fillable Instructions to Open a Schwab One Trust Account (Charles Schwab) PDF form

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IMPORTANT: Please attach only a copy, not originals, of the 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

non-signature pages unless requested by Schwab. Failure to comply with these instructions may delay the account opening process.

As you ll out this form, please note:

All Trusts must be established in the U.S. or a U.S. Territory. If the Trust was established outside of the U.S., do not use this Application; use the

Schwab One International®Trust Account Application. Schwab may require additional information and/or documentation from you.

Notarization of Trustees’ signatures is required in Section 12 of the Schwab One Account Application for Trust Accounts.

To add or remove Trustees on your Schwab One Trust account, contact your Advisor for the appropriate form.

All Trustees must complete and sign the Application and also initial and sign the Trustee Certiﬁcation page. Please note that there are two

separate sections within this Application that require all Trustee signatures: Sections 10 and 11.

Trust name must correspond to Trust documents, including the type of Trust and Taxpayer Identication Number or Social Security number.

Schwab, like all U.S. ﬁnancial institutions, is required to follow federal regulations to assist the government in its efforts to combat money laundering and

other ﬁnancial crimes. This Application therefore requests speciﬁc information and documentation in order to verify the identity of the entity and its Control

Persons, Authorized Individuals, and Beneﬁcial Owners.

Please retain this page for your ﬁles.

You do not need to send it back to Schwab.

Instructions to Open a Schwab One

Trust Account

This document is a form guide and should be used for informational purposes only. Highlighted areas denote sections that are

commonly missed during the completion process. Please reference the Service Guide for additional account opening instructions.

DO NOT send the full trust document (or additional pages) to Schwab unless requested to do so by your service team.

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Investment Advisor (“IA”) Information (This portion to be completed by IA.)

IA Firm Name (please print): _________________________________________________________________________________________________________

IA Master Account Number: __________________________________________________________________ Service Team: ________________________

Advisor Contact Information (if follow-up is required): ___________________________________________________________________________________

Is your rm (or a principal, employee or related person* of your rm) an owner or Trustee of this account?

 Yes  No

If “yes,” is it intended that this account will hold assets belonging to persons or entities other than your rm, your rm employees or yourself, or

relatives of you or your rm members?  Yes  No

* A “related person” is defined as any advisory affiliate or any person that is under common control with your firm. See Form ADV for additional information.

IMPORTANT: Please attach only a copy, not originals, of the ﬁrst 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 non-signature

pages unless requested by Schwab. Failure to comply with these instructions may delay the account opening process.

Establish Your Account(s) or Brokerage Features (Select only one.)

 Open a new Schwab One Trust account. (Complete all sections of the Schwab One Account Application for Trust Accounts. All Trustees must sign this

Application, including the Trustee Certication.)

 Convert your existing Schwab or Schwab One account to a Schwab One Trust account and keep the same account number if all the current account

holders are also the Trustees. (Write the account number below and complete all sections of the Schwab One Account Application for Trust Accounts.)

• If all the current account holders are also the Trustees and the Tax ID number is not changing, please write the account number below and

complete all sections of the Application. All Trustees must sign this Application as well as the attached Trustee Certication. If the Tax ID number

is changing, a new account must be opened.

• 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 and Options Trading: If your existing account has a Power of Attorney (POA) that you wish to retain on your Trust account,

all Trustees of the Trust must complete and sign a new POA form. If your account has been approved for options trading and you would like to

trade options, or if there are options in your existing account, all Trustees must complete and sign a new Add Options Trading and Margin to Your

Account form.

 Add Schwab One checks or Visa®debit cards on an existing Trust account. Please provide your account number and complete Sections 7, 10, 11,

and 12 only. (Notarization is required even if you are only adding the checking feature, unless the Trust is a Revocable Living Trust where the

Grantor[s], Trustee[s], and Current Beneciary[ies] are all the same individual[s].)

Existing Account Number: ________________________________________

1. Type of Account (Select only one.)

 Schwab One

 Schwab One with 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 nancing, or as a source of overdraft protection. By selecting the margin feature, you are

certifying that the Trust explicitly grants power to the Trustee[s] to engage in margin trading and margin borrowing.)

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

For Charles Schwab Use Only

Account Number

Schwab One

Account Application

for Trust Accounts

Missing Investment Advisor information may delay account opening.

Name of Your Firm

Master number to which this account will be linked

Service Team Name

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2. Required Information About the Trust

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.

Type of Trust (Select only one.)

 Revocable Trust where the Grantor(s), Trustee(s) and Current Beneciary(ies) are all the same individual(s). (Notarization not required.)

 Other Revocable Trust*

 Irrevocable Trust*† Please specify if the Irrevocable Trust is one of the following: GRAT CRUT CRAT

 Testamentary Trust* (created through probate or a will only)

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

Name (First) (Middle) (Last)

Full Legal Name of Trust exactly as it appears on your Trust document Date of Trust (mm/dd/yyyy)

Trust Tax ID Number (If Revocable Living Trust, you may use Grantor’s Social Security/Tax ID number.) Trust is governed by the laws of the state of:

Is the Trust, or any Trust Grantor, a 10% shareholder of a publicly traded company?

No Yes

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

Required Information About the Grantor(s)

Note: If there is more than one Grantor, please complete and attach a separate photocopy of this page for each additional Grantor.

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 3:

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 (Must list all.)

USA Other: ______________________________________ Other: ______________________________________

Country of Legal Residence

USA Other: ______________________________________

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

Country of Birth

Identication Type

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

Identication Number

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

* Notarization of Trustees signatures is required. See Section 12.

†

Tax-exempt trusts must provide proof of exempt status, such as a Tax Declaration Letter.

Schwab One

Account Application for Trust Accounts |

Testamentary Trusts require the decedent's full name

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3. Trustee Information (For information about Schwab’s privacy policy, see the attached Schwab One Account Application Agreement for Trust

Accounts. If there are more than two Trustees, please complete and attach a separate photocopy of the Co-Trustee section on page 4 for each additional

Trustee. All Trustees must sign this Application and the Trustee Certication.)

As required by U.S. federal law, Schwab will use the information provided below to verify the identity of the Trust and persons and/or entity related to it.

Entity Trustee: If the Trustee is an entity, please supply the information requested immediately below. Then enter agent information in the Individual

Trustee section(s) below. All Trustees who are to conduct business in the account must provide this information. The Organization Account Agreement

form must be submitted with this Application; please complete only Section 4, Organizational Authorization to Transfer. If your Trustee is an entity,

please enter the entity agent information in the Primary Trustee section below.

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

Legal Street Address (no P.O. boxes, please) Line 1 Line 2

City State Zip Code

Entity Tax ID Number Business Telephone Number

( )

State or Federal Regulator (if applicable)

Country of Incorporation/Establishment State of Incorporation/Establishment

Individual Trustee/Entity Agent: If your Trustee is an entity, please enter the entity agent information in this section.

Primary Trustee (Schwab will use the Primary Trustee address in this section as the address for the account.)

Name (First) (Middle) (Last)

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

Home/Legal Street Address (no P.O. boxes, please) Line 1 Line 2

City State Zip Code

Mailing Address (if different from above; P.O. boxes may be used) Line 1 Line 2

City State Zip Code

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

__________ /___________ /_________________

Email Address

Home Telephone Number

( )

Business Telephone Number

( )

Cellular Telephone Number

( )

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

USA Other: ______________________________________ Other: ______________________________________

Country of Legal Residence

USA Other: ______________________________________

Employer Name/Industry (If self-employed, indicate nature of business.) Occupation/Position Employment Status

Employed Retired Self-Employed Non-Employed

Business Street Address (no P.O. boxes may be used) Line 1 Line 2

City State Zip Code

Are you afliated with or employed by a stock exchange or member 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 af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 ofcer of a publicly held company? No Yes

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

Please complete the next table if the Primary Trustee

is a non-U.S. citizen and/or non-U.S. resident.

Schwab One

Account Application for Trust Accounts |

Provide email for eDelivery enrollment

Please include at least one direct contact number

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

Country of Birth

Identication Type

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

Identication Number

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

Co-Trustee (If there is more than one Co-Trustee, please complete and attach copies of this section and include them with your application.)

Name (First) (Middle) (Last)

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

Home/Legal Street Address (no P.O. boxes, please) Line 1 Line 2

City State Zip Code

Mailing Address (if different from above; P.O. boxes may be used) Line 1 Line 2

City State Zip Code

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

__________ /___________ /_________________

Home Telephone Number

( )

Business Telephone Number

( )

Cellular Telephone Number

( )

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

USA Other: ______________________________________ Other: ______________________________________

Country of Legal Residence

USA Other: ______________________________________

Employer Name/Industry (If self-employed, indicate nature of business.) Occupation/Position Employment Status

Employed Retired Self-Employed Non-Employed

Business Street Address (no P.O. boxes may be used) Line 1 Line 2

City State Zip Code

Are you afliated with or employed by a stock exchange or member 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 af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 ofcer of a publicly held company?

No Yes

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

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

Country of Birth

Identication Type

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

Identication Number

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

3. Trustee Information (Continued)

Schwab One

Account Application for Trust Accounts |

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4. Your Consent to Enroll in Schwab’s Cash Features Program

The Cash Features Program is the service that we provide that permits the uninvested cash or “free credit balance” in your brokerage account to earn

income while you decide how those funds should be invested. The attached Cash Features Program General Terms and Conditions will inform you of the

general terms and conditions of the products available through our Cash Features Program.

By signing this Application, you consent to having the free credit balances in your brokerage account included in the Cash Features Program. You

understand that the Schwab Bank Sweep feature will be automatically included on accounts of account holders residing in the U.S. and that the Schwab

One Interest feature will be automatically included on accounts of account holders who reside outside the U.S. You also understand that if you or your

Independent Investment Advisor would prefer the Schwab One Interest or Money Fund Sweep feature, and your account is eligible for your preferred

feature, you or your Independent Investment Advisor may change your cash feature selection by contacting Schwab after your account is opened.

You acknowledge receipt of the Cash Features Program General Terms and Conditions that is attached to this Application. You understand that the Cash

Features Program and the individual products are governed by the Schwab One Account Agreement and acknowledge that additional information is available

within the Cash Features Disclosure Statement applicable to your account. You understand and agree that Schwab may upon 30 days’ advance written notice

(1) make changes to the terms and conditions of the Cash Features Program; (2) make changes to the terms and conditions of a product currently available

through the Cash Features Program; or (3) move your free credit balances from one product to another product available under the Cash Features Program.

5. Electronic Delivery (eDelivery) Enrollment

We will send information to the email address for the Primary Trustee as listed in Section 3, providing instructions on how to complete enrollment and

electronically consent to eDelivery via Schwab’s secure website, www.schwaballiance.com. Enrollment may also qualify you for lower online equity

trades—consult your IA or the applicable Charles Schwab Pricing Guide for additional details. Once enrolled, the Primary Trustee will receive email

notications when account statements and trade conrmations are available via www.schwaballiance.com. If you do not wish to enroll in eDelivery,

ignore the email that Schwab sends to the Primary Trustee.

6. Required Information About the Account

Source of Trust Funds (Check all that apply.)

Please provide the source of assets that will be deposited or held in the account. If the source is a transfer from another rm, please indicate the

source of funds that were used to purchase the assets.

Salary, wages, savings Investment capital gains

Sale of real estate Family, relatives, inheritance Other (please specify): _____________________________________________________

Purpose of Account (Check all that apply.)

Investing of Trust assets Investing of pooled assets

Distribution of Trust assets Payment of Trustee compensation

Payment of Trust expenses Investing for tax benets Other (please specify): ____________________________________________________

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Schwab One

Account Application for Trust Accounts |

Check all that apply.

If selecting Other, you must provide a description.

Check all that apply.

If selecting Other, you must provide a description.

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7. Checking Preferences (Optional)

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, skip this section and go to Section 8.

Schwab One brokerage checks and Visa Platinum debit cards.

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 additional Trustee’s name*)

Schwab Bank High Yield Investor Checking® account.

†

Complete and attach the Add Schwab Bank High Yield Investor Checking to Your Schwab One

Brokerage Account form. This full-featured Schwab Bank checking account links to your Schwab One brokerage account and includes unlimited

checkwriting, free Schwab Bank Bill Pay ™, a Visa Platinum debit card with ATM rebates,

‡

downloads to Microsoft® Money or Quicken®, and interest

on your cash balances.

Checkwriting Activity

Please provide the anticipated uses for Schwab One checks. (Check all that apply.)

Payment of Trustee expenses Distribution of Trust assets Trustee compensation Other (please specify): ___________________________

* Printing the name of the Trust 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.

†

All applicants must be U.S. citizens or U.S. resident aliens residing in the U.S. or one of its territories and have a U.S. mailing address to open

a High Yield Investor Checking account.

‡

Refer to the Schwab Bank Deposit Account Pricing Guide for details.

Schwab Bank is an FDIC-insured depository institution affiliated with Schwab. Funds deposited at Schwab Bank are insured by the Federal Deposit

Insurance Corporation (FDIC) up to $250,000 when aggregated with all other deposits held by you in the same capacity at Schwab Bank.

8. Authorizations (Optional—please select all that apply.)

You may change or revoke these Authorizations at any time by providing written notice to Schwab.

Trading and Disbursement Authorization. By checking the circle and signing this Application, I authorize Schwab (1) to execute trades in my account

at the direction of IA as provided under the Trading Authorization heading in the attached Schwab One Account Application Agreement; (2) to disburse

assets for investment purposes or to me personally, as instructed by IA; (3) to remit checks, wire funds and make certain disbursements of funds held

in the account as regulations permit (i) to banks, broker-dealers, investment companies or other nancial institutions for credit to an account of identical

registration, or (ii) to me at my address of record. This disbursement authorization does not apply to Schwab MoneyLink® distributions or direct, ongoing

electronic payments of dividends, interest and money market income. I acknowledge and agree that Schwab cannot conrm the account registration at

the receiving nancial institution and will rely solely on the representations of my IA as to the identical registration of the receiving accounts.

Trading Authorization. By checking the circle and signing this Application, I authorize Schwab to execute trades in my account at the direction of IA as

provided under the Trading Authorization heading in the attached Schwab One Account Application Agreement.

Fee Payment Authorization. By checking the circle and signing this Application, I authorize Schwab to pay investment advisory and related fees to IA

from my account in the amount of IA’s instructions.

Page 6 of 10

Schwab One

Account Application for Trust Accounts |

Required if adding Checkwriting

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9. Issuer Communications and Related Actions

If you have granted your IA trading authority over your account, and your IA exercises investment discretion for you pursuant to an advisory contract, you

can appoint your IA to be sent certain issuer and issuer-related communications (proxies, tender offers, proposed mergers, rights offerings, exchange

offers and warrants, among other things) that may require a voting decision or other action regarding investments held in your account.

If you appoint your IA below, your IA will, regarding only those voting decisions or other action communications sent to your IA: (i) be requested to vote

proxy ballots; (ii) be requested to provide instructions regarding corporate reorganizations and other corporate actions; and (iii) be sent certain prospec-

tuses and annual reports and other communications. In these cases, you will be authorizing your IA to make all voting decisions and take all actions on

your behalf. You will not be sent informational copies of these communications.

Even if you appoint your IA below, you may still be sent certain other issuer and issuer-related communications regarding investments held in your account.

You agree that you will be responsible for providing Schwab any applicable instructions or directions on those items.

Please select only one:

Yes. I appoint my IA, and I will fulll my responsibilities, as described above. I instruct Schwab not to disclose my name, address and securities

positions to any issuer of securities held in my account.

No. I do not appoint my IA as described above. I wish to be sent all issuer and issuer-related communications, make all voting decisions and take all

actions described above. I understand that any issuer of securities held in my account may request that Schwab disclose to it my name, address and

securities positions in that issuer.

If you selected “No” above, please select one:

My IA should / should not be sent informational copies of any issuer or issuer-related communications.

If you do not select either “Yes” or “No” above, Schwab will deem you to have indicated “No,” but informational copies of issuer and issuer-related

communications may be sent to your IA.

Page 7 of 10

Schwab One

Account Application for Trust Accounts |

If no selection is made, the account holder will receive all action forms. The advisor may receive copies.

Page 8 of 10

Schwab One

Account Application for Trust Accounts |

10. Trustee Certiﬁcation

All Trustees must initial each section to conﬁrm acceptance of the terms and conditions of this Trustee Certiﬁcation (“Certiﬁcation”). All Trustees

must also sign and date this Certiﬁcation. 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 certi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 certies that this Account has not pooled the holdings of more than one benecial owner whose identity has not yet been disclosed

to Charles Schwab & Co., Inc. (“Schwab”) in which the benecial owner has the ability to effect transactions.

Section 2—Authorization to Open and to Transact in Account

1. By signing the attached Account Application (the “Application”), each Trustee represents, warrants and certies that Schwab is authorized to open

and maintain the Account on behalf of the Trust identi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 certi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 certi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 certies that the Trust has not been revoked, modied or amended in any manner that would cause the

representations contained in this Certication to be incorrect. Each Trustee agrees to notify Schwab immediately in writing of any changes that would

cause this Certi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 Certi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 Certication will survive the termination of the Account.

Section 3—Trustee Roles, Responsibilities and Indemniﬁcation

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 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 de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 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 certi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 certi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 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 certi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 certi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 af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 certi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 certi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 afliates, of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 initial above, sign and date below.

______________________________________________________________________________________________________ Date _______________________

Signature: Trustee

Print Name (mm/dd/yyyy)

______________________________________________________________________________________________________ Date _______________________

Signature: Co-Trustee

Print Name (mm/dd/yyyy)

Initial Here Initial Here

To avoid processing delays, please ensure that each trustee initials above, signs, prints their full name, and lists the complete signature date.

#1214-8077

*APP35101-01=09*

Page 9 of 10

11. Authorization to Open Account

By signing this Application, you acknowledge

that you have received and read a copy of the

attached Schwab One Application Agreement for

Trust Accounts, which contains a predispute

arbitration provision. You acknowledge that your

signature signies and constitutes your

agreement that this account and your relation-

ship with Schwab will be governed by the

Application Agreement and all incorporated

agreements and disclosures, including, but not

limited to, the Schwab One Account Agreement

and the applicable Charles Schwab Pricing

Guide, each as amended from time to time (the

“Agreement and Disclosures”). You understand

there are fees associated with establishing,

maintaining and engaging in transactions.

If you have selected 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 that you understand the

requirements and risks associated with margin

borrowing as summarized in the Margin Disclo-

sure Statement included with this Application.

For purposes of this Account Application and

the attached Application Agreement, the terms

“you,” “your” and “Account Holder” refer both to

the Trustee(s) who sign this Account Application

as well as the underlying Trust. The terms “we,”

“us,” “our” and “Schwab” refer to Charles

Schwab & Co., Inc.

All Trustees must sign and date this Application even if you will not conduct business on 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 this page and complete it in full with

attached notarizations.

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 1 and 2 of the attached Schwab One Account Application

Agreement for Trust Accounts.

______________________________________________________________________________________________________ Date _______________________

Signature: Trustee

Print Name (mm/dd/yyyy)

______________________________________________________________________________________________________ Date _______________________

Signature: Co-Trustee

Print Name (mm/dd/yyyy)

12. Notarization of Trustee Signatures

Signatures of Trustee(s) must be notarized unless the Trust is a Revocable Living Trust where the Grantor(s), Trustee(s) and Current Beneciary(ies) are

the same individual. The notary date and Application date must match one another. If it is necessary to notarize more than two Trustee signatures,

please use and attach photocopies of this page.

State of ___________________________________ , County of __________________________________________

Subscribed and sworn to (or afrmed) before me on this __________ day of __________________ , 20 _____ ,

by __________________________________________ , proved to me on the basis of satisfactory evidence to be

(Name of Person Appearing Before Notary)

the person(s) who appeared before me.*

WITNESS my hand and ofcial seal.

Notary Public _________________________________________ Expiration Date ___________________________

(Signature of Notarizing Ofcer) (mm/dd/yyyy)

*Notaries outside of California may attach the appropriate notarizing declaration in lieu of the above.

(NOTARY SEAL)

Note: Please see the following page for an additional signature notarization box.

Schwab One

Account Application for Trust Accounts |

To avoid processing delays, please ensure that each trustee signs, prints their full name, and lists the complete signature date.

Original (hardcopy) application is required if the form is notarized.

#1214-8077

*APP35101-01=10*

Page 10 of 10

12. Notarization of Trustee Signatures (Continued)

State of ___________________________________ , County of __________________________________________

Subscribed and sworn to (or afrmed) before me on this __________ day of __________________ , 20 _____ ,

by __________________________________________ , proved to me on the basis of satisfactory evidence to be

(Name of Person Appearing Before Notary)

the person(s) who appeared before me.*

WITNESS my hand and ofcial seal.

Notary Public _________________________________________ Expiration Date ___________________________

(Signature of Notarizing Ofcer) (mm/dd/yyyy)

*Notaries outside of California may attach the appropriate notarizing declaration in lieu of the above.

(NOTARY SEAL)

Schwab One

Account Application for Trust Accounts |

#1214-8077

These terms relate to the Trust account and are part of the Account Agreement between the Trust, including all of its Trustees, and Schwab. Please retain

for your les.

For purposes of this Schwab One Application

Agreement, the term “I” is dened as the trust

entity that has opened the Account, as well as

all of the Trustees who have signed the

Application.

As a Trustee duly authorized by the Trust, I

hereby request that Charles Schwab & Co., Inc.

(“Schwab”) open a brokerage account (the

“Account”) in the name of the Trust listed on

this Schwab One Account Application (“AA”). I

agree to read and be bound by the terms of the

Account Agreement (which includes information

on the Cash Account and, if applicable, the

Schwab Sweep Funds, the Margin and Short

Account, the Disclosure of Credit Terms and

Policies, the Schwab StockBuilder Plan® and

other written agreements between me and

Schwab that apply to my brokerage account) as

currently in effect and as amended from time to

time. If, in the future, I add features to this

Account governed by the foregoing agreements

(e.g., a money fund or margin trading), I agree

to be bound by their terms and conditions. If I

do not receive or understand the Account

Agreement, I will notify Schwab.

In accordance with the Schwab One Account

Agreement, I agree that all debts and other

obligations owed to Schwab by any party to the

Account Agreement will be secured by a lien on

all Securities and Other Property now or

hereafter held, carried or maintained in any of

my present or future brokerage accounts with

Schwab, whether individually or jointly held with

others, or in any brokerage account at Schwab

in which I have an interest.

Required Arbitration Disclosures. Regulatory

authorities require that any brokerage agree-

ment 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; 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, 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 agreement

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

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

Page 1 of 4

Schwab One

Account Application Agreement

for Trust Accounts

#1214-8077

Page 2 of 4

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.

Schwab One® Accounts. I further request Bank

of New York Mellon Investment Servicing Trust

Company (BNY IST) to issue checks and Visa®

Platinum debit card(s) as indicated on this AA.

I authorize Schwab to make inquiries for the

purpose of verifying my creditworthiness and the

creditworthiness of my spouse if I am married

and live in a community property state. Such

inquiries may include verifying information I have

given in my AA, contacting my employer and

obtaining credit reports. I further authorize

Schwab to disclose information to others about

me and my Accounts when it is necessary for

completing transactions; to comply with a

government agency request or court order, such

as the IRS or the SEC; to verify the existence

and condition of my Account for a third party,

such as a credit bureau or merchant; and as

otherwise authorized by the Schwab One

Account Agreement.

For account holders with more than one account

at Schwab: This authorization further authorizes

Schwab to direct transfers between your

accounts at Schwab when no written authoriza-

tion is requested.

Linking Your Account to a Schwab Bank High

Yield Investor Checking® Account. If you link

your Account to a High Yield Investor Checking

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 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

calculation 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 dened in the

Schwab Bank Deposit Account Agreement) from

Schwab Bank. The maximum amount you may

transfer will be calculated in the same way that

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 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

de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 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 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 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 account

remains an obligation solely of Schwab Bank.

Trading Authorization. If I have indicated on this

AA that the Investment Advisor (“IA”) named

above, which I understand may be referred to as

“Investment Manager” or “IM” in other

documentation relating to my Account, will have

the authority to direct Schwab to execute trades

in my Account, I authorize Schwab to accept

instructions from IA regarding my Account, and

to take all other actions necessary or incidental

to the execution of such instructions, as IA shall

direct. If my Account has a margin feature,

Schwab is authorized to accept instructions

from IA 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 any assets held in the Account (the

“Account Assets”). If my Account is authorized

for option trading, Schwab is authorized to

accept instructions from IA to purchase and sell

(write) index participation contracts and covered

and uncovered option contracts on securities

and securities-related indexes, up to my

approved level of options trading strategy.

Schwab, and other people to whom Schwab has

given instructions in order to implement the IA’s

instructions, may rely on IA’s instructions

without obtaining my approval, counter-signature

or co-signature. IA’s authority will include,

without limitation: the authority to give instruc-

tions for transactions in securities and nancial

instruments, including the buying and selling of

stocks, bonds, debentures, notes, subscription

warrants, stock purchase warrants, covered and

uncovered options (if I have authorized trading

covered and uncovered options, and only up to

my approved level of option trading strategy),

mutual fund shares, evidences of indebtedness

and any other securities, instruments or

contracts relating to securities.

I authorize Schwab to take such actions as

Schwab deems reasonably necessary to carry

out instructions Schwab receives from me

and/or IA. I further authorize Schwab, acting

upon IA’s instructions, to aggregate transaction

orders for my Account with orders for one or

more other accounts over which IA has trading

authorization or to accept or deliver assets in

transactions executed by other broker-dealers

where IA has so aggregated orders. I agree that

if any such aggregated order is executed in more

than one transaction, my portion of such order

may be deemed to have been executed at the

weighted average of the prices at which all of

such transactions were executed.

Fee Payment Authorization. If I have indicated

on this Application that my IA will have fee

payment authority over my Account, I authorize

Schwab to pay investment advisory and related

fees from my Account to my IA in the amount of

my IA’s instructions. I have authorized my IA in

writing to receive fee payments directly from my

Account. Schwab may rely on the instructions

submitted by my IA, and will have no responsibil-

ity to conrm those instructions with me or

verify the fees. Schwab may redeem money

market fund shares in my Account to the extent

necessary to pay these fees. My IA’s fees

debited from my Account will appear on

Schwab’s statements of my Account.

Disbursement Authorization. If I have indicated

on this Application that my IA will have trading

and disbursement authority over my Account, I

authorize Schwab to disburse assets from my

Account for investment purposes, and funds to

me personally, as instructed by my IA. On my

IA’s instruction, Schwab is authorized to remit

checks, wire funds, and make certain disburse-

ments of funds held in the account as regula-

tions permit (i) to banks, broker-dealers,

investment companies or other nancial

institutions for credit to an account of identical

registration, or (ii) to me at my address of

record. This disbursement authorization does

not apply to Schwab MoneyLink® distributions or

direct, ongoing electronic payments of divi-

dends, interest and money market income.

Note: I acknowledge and agree that Schwab

cannot conrm the account registration at the

receiving nancial institution and will rely solely

on the representations of my IA as to the

identical registration of the receiving accounts.

Role of Charles Schwab & Co., Inc. I acknowl-

edge and agree that: Schwab will merely carry

out transactions as directed by me and/or IA as

the case may be; I (and not Schwab) am

responsible for investigating and selecting IA;

except in the case of Schwab’s afliated IAs,

Windhaven Investment Management, Inc.

(“Windhaven®”) and ThomasPartners, Inc.

(“ThomasPartners®”), IAs are not afliated with,

#1214-8077

Page 3 of 4

or controlled or employed by, Schwab; and

Schwab has no duty to supervise or monitor

trading by me or by IA, including Windhaven®

and ThomasPartners®, in my Account. Schwab

will send me written conrmations of my trades

executed through Schwab and monthly

statements of all activity in my Account. If my IA

and/or I direct Schwab to act as custodian of

non-publicly traded assets, I acknowledge and

agree: (1) that non-publicly traded assets

generally lack a liquid market and that the value

of such assets may be difcult to ascertain;

(2) that any estimated value reected on my

account statement or other communication from

Schwab is for informational purposes only and

may be signicantly different from the actual

market value or the liquidation value of such

assets; (3) that Schwab has no responsibility

for, nor does Schwab guarantee the accuracy of,

any such valuation of assets, even if the assets

have been valued by a pricing service selected

by Schwab; and (4) that Schwab may require that

I sign an addendum to my Account Agreement if

Schwab agrees, in the exercise of its discretion,

to accept custody of any non-publicly traded

assets in my Account. I authorize Schwab to

obtain from IA, and IA to provide to Schwab,

information regarding my Account as Schwab

may reasonably request. If any of IA’s

employees is associated with a member of

FINRA or afliate, Schwab is authorized to

deliver information concerning my Account to

such member upon request.

I acknowledge, understand and agree that

(1) Schwab Advisor Network® member advisors

(“Network member advisors”) pay Schwab fees

to be members; (2) Network member advisors,

including IA, are independent and not employees

or agents of Schwab; (3) Schwab prescreens

Network member advisors and checks their

experience and credentials against criteria

Schwab sets; (4) neither an IA’s membership

in Schwab Advisor Network nor the afliation

of Schwab with Windhaven or ThomasPartners

changes that (A) I am solely responsible for

(i) the decision to hire IA, (ii) what authority

to give IA and (iii) evaluating IA’s services and

performance; and (B) Schwab (i) does not

supervise IA and (ii) takes no responsibility

to monitor IA’s performance or transactions

in the Account; and (5) if I was referred to

IA through the Schwab Advisor Network or

referred to Windhaven or ThomasPartners,

I received, read and under stood the Schwab

Advisor Network Disclosure Document and

the Windhaven Disclosure Brochure or the

ThomasPartners Disclosure Brochure.

Products and Services Provided to IA. Schwab

may provide IA, at no fee or at a discounted fee,

with research, software and other technology,

information and consulting services, and other

products and services that benet IA.

Schwab’s provision of these products and

services to IA may be based upon clients of IA

placing a certain amount of assets in their

brokerage accounts at Schwab (i.e., custodying

assets at Schwab) within a certain period of

time. IA may be inuenced by this commitment

in recommending or requiring that its clients

establish brokerage accounts at Schwab. These

products and services may not necessarily

benet my Account.

Pricing. Schwab and IA may agree to pricing

(including commissions and transaction account

and service fees) for my Account and IA’s other

clients’ accounts at Schwab based upon the

nature and scope of business that IA transacts

with Schwab, including the current and future

expected amount of IA’s clients’ assets custodied

at Schwab, the types of securities managed by IA

and/or expected frequency of IA’s trading. Schwab

may change this pricing if the nature and scope of

business that IA transacts with Schwab changes

or does not reach agreed-upon levels, in which

case pricing for IA’s clients’ accounts, including

my Account, may increase to an amount

determined by Schwab not to exceed Schwab’s

standard pricing as published in the applicable

Charles Schwab Pricing Guide.

Accounts with Margin Features. I understand

that when I buy securities on margin or enter

into short sales or short options, or when my IA,

if I have granted this authority to my IA, does so

for my Account, I am borrowing money from

Schwab for part of that transaction(s).

All securities and other assets in my Schwab

Account(s) are pledged as collateral to secure

this loan. I acknowledge that margin transac-

tions are riskier and involve the possibility of

greater loss than transactions where I am not

borrowing money. If the value of my securities

and other assets falls, I acknowledge that I may

be required to deposit more assets (a margin

call) to secure this loan or that securities and

other assets held in my Account may be sold to

pay down or pay off my loan without prior notice

and at a loss or at lower prices than under other

circumstances. I agree to carefully consider my

own nancial condition, tolerance for risk and

investment objectives, as well as market

conditions, before I decide to use margin credit

or grant this authority to my IA. By placing an

order on margin, or by granting this authority to

my IA, I acknowledge that I have considered all

of these factors and have decided that margin

nancing is appropriate for me.

All securities and other assets now or hereafter

held in this Account may be pledged, repledged

or otherwise used as collateral, separately or

together with securities of other customers, for

the amount I owe Charles Schwab & Co., Inc., or

for a larger amount.

Interest on debit balances will be charged and

compounded in accordance with the Account

Agreement and as permitted under the laws of

the state of California.

Termination of Authorizations. The authoriza-

tions I have granted in this AA will remain

effective until I or IA have revoked or terminated

any of them by giving notice to Schwab, either by

mail, telephone, facsimile, telegraph, messen-

ger, electronic mail, voice mail or otherwise:

provided, however, that Schwab reserves the

right to require written notice or conrmation

that such authorization has been terminated or

revoked. I understand that I may revoke or

terminate all authorizations or designations

conferred herein at any time. Unless revoked

or terminated by me, all authorizations and

designations conferred herein to IA shall

continue to apply to IA’s successors or assigns.

Such revocation will not affect my obligation

resulting from transactions initiated prior to

Schwab’s receipt of such notice. I understand

that if Schwab terminates its Investment

Manager Service Agreement with IA, Schwab will

not be obligated to honor any further instruc-

tions from IA; I will have exclusive control over,

and responsibility for, my Account; and unless

Schwab noties me otherwise, my Account will

become a Schwab retail brokerage account

subject to all terms and conditions applicable

thereto, including fees and commissions,

investment products and other services

available to Schwab retail customers. Schwab

will notify me as soon as reasonably possible

after any such termination.

Indemniﬁcation. I agree to indemnify and hold

harmless Schwab, its afliates and their

directors, ofcers, employees and agents from

and against all claims, actions, costs and

liabilities, including attorneys’ fees, arising out

of or relating to: (1) their reliance on this AA, and

(2) Schwab’s execution of IA’s instructions.

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.

Suitability. From time to time, Schwab may

make available investment research and

information (“Schwab Research”). I agree and

acknowledge that my IA and I are responsible

for the transactions in my Account, including

assessing the suitability of transactions for

my Account, even if Schwab Research was

used in making the investment decisions for

my Account.

Unclaimed Property. If no activity occurs in

the Account within the time period specied

by applicable state law, the Account may be

transferred to the appropriate state.

Account Handling Instructions. Schwab will

automatically hold all securities purchased,

as well as all sale proceeds, dividends and

interest, unless you specify otherwise.

Schwab’s Privacy Policy and Disclosure of

Information. Schwab respects your privacy.

Schwab will use the information you provide to

open and service your Account, to communicate

with you when necessary, to provide you with

additional information about products and

services, and to provide to your IA, and certain

third parties as your IA directs Schwab,

information as provided in this AA. Pursuant to

your Account Agreement, Schwab may disclose

information about you and your Account to

certain other third parties. Please call Schwab

at 1-800-515-2157 for a copy of Schwab’s

I consent to Schwab: (i) sending, by mail,

electronic delivery and/or other means,

duplicate copies of account trade conrma-

tions, account statements and any other

information relating to me and my Accounts

to my IA and MM, if and in such manner as

requested by my IA and MM; (ii) sending such

information about me and my Accounts to third

parties as my IA or MM shall direct Schwab;

and (iii) disclosing information about me and my

Accounts to other third parties as provided in

#1214-8077

Page 4 of 4

Schwab’s privacy policy, this Account Application

and the Account Agreement.

Information About SIPC. To obtain information

about the Securities Investor Protection

Corporation (SIPC), including an explanatory

SIPC brochure, please contact SIPC at

www.sipc.org or 1-202-371-8300.

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 description of Schwab’s

lottery system mailed to you, please contact

Schwab Alliance at 1-800-515-2157.

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Cash Features Program

General Terms and Conditions

Page 1 of 2

For detailed information, please see the Account Agreement and

the Cash Features Disclosure Statement applicable to your account.

How the Cash

Features Program

Works

Our Cash Features Program allows you to earn a return on the uninvested cash balances

in your account by automatically placing (“sweeping”) cash balances into a sweep vehicle

until such balances are invested by you or otherwise needed to satisfy obligations arising in

connection with your account or by paying interest on the eligible free credit balances in your

eligible account.

Available Cash

Feature Products

The available cash feature products for clients of independent investment advisors currently

consist of (1) interest payments by Schwab on the eligible free credit balances in your eligible

account (the “Schwab One

Interest” feature); (2) one or more afﬁ liated money market mutual

funds (the “Money Fund Sweep” feature); or (3) interest-bearing Deposit Accounts at our

afﬁ liated bank, Schwab Bank (the “Bank Sweep” feature).

Eligibility Eligibility for these cash features is based on the registered ownership of the account (for example,

individual accounts are eligible for some cash features that IRA and retirement accounts are

not). Some cash features also require a minimum Household Balance as determined by the

value of eligible assets in your accounts and the accounts of other members of your household.

A description of how we determine the Household Balance is contained in the Charles Schwab

Pricing Guide applicable to your account. For details on eligibility, please see the Cash Features

Disclosure Statement applicable to your account.

Rate of Return The rates of return for the different cash feature products vary over time. Current rates

can be obtained by contacting your independent investment advisor or by calling

Schwab Alliance at 1-800-515-2157. If you already have an account, you can visit our

website at www.schwab.com/SA_cash.

• The rate of return on the Schwab One Interest feature is set by us. 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 account type and the overall household value

of your account(s) with Schwab.

• Money market mutual funds in the Money Fund Sweep feature seek to achieve the highest

rate of return (less fees and expenses) consistent with prudence and their investment objectives.

• The rate of return on the 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.

• There is no guarantee that the yield on any particular cash feature will remain higher than

others over any given period. The rate of return on any cash feature may be lower than that of

similar investments offered outside of the Cash Features Program.

Please note: The automatic investment of your free credit balances, including the frequency and the amount of each

sweep, is governed by the terms and conditions set forth in the Account Agreement applicable to your account.

The material in this document is intended for informational purposes. If there is any conﬂ ict between the descriptions

in this document and the terms of your Account Agreement, your Account Agreement will control.

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

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

Rate of Return

(Continued)

The Cash Features Program should not be viewed as a long-term investment option. 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 independent investment

advisor to discuss 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.

Duty to Monitor • You and your independent investment advisor must monitor and determine the best option for

your cash.

• For purposes of FDIC insurance of deposits held under the Bank Sweep feature: You are

responsible for monitoring the total amount of deposits that you hold with Schwab Bank,

directly or through an intermediary, in order for you to determine the extent of deposit

insurance coverage available to you on your deposits, including the Deposit Accounts.

Schwab is not responsible for any insured or uninsured portion of the Deposit Accounts or

any other deposits.

Bene ts to Schwab We may charge fees and receive certain beneﬁ ts under the different cash features. Because of

these fees and beneﬁ ts, we have a ﬁ nancial incentive to select the particular sweep vehicles

included in our 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 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).

• 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.

• The Bank Sweep 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 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 or joint). This limit includes

any other deposits you may have at Schwab Bank outside of this program. You are responsible

for monitoring your bank balances in this program 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.

Changes and

Amendments to

the Cash Features

Program

• Schwab may change the terms of the Cash Features Program, including the products and

investment options available or eligibility rules for cash feature products, upon 30 days’

advance written notice.

• Schwab may move your balances to an eligible cash features product in the event you

become ineligible for an existing cash feature upon 30 days’ advance written notice.

Please note: The automatic investment of your free credit balances, including the frequency and the amount of each

sweep, is governed by the terms and conditions set forth in the Account Agreement applicable to your account.

The material in this document is intended for informational purposes. If there is any conﬂ ict between the descriptions

in this document and the terms of your Account Agreement, your Account Agreement will control.

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

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CLIENT COPY

Margin Disclosure Statement

• 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.

• If you have any questions, please call 1-800-515-2157 or contact your Investment Advisor.

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 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 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

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 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 discontinued in

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 be an

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.”

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

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