Fill - Instructions to Open or Update a Schwab One

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www.schwab.com | 1-800-435-4000 (inside the U.S.) | +1-415-667-8400 (outside the U.S.) | 1-888-686-6916 (multilingual services)

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:

Notarization of Trustee(s) signature is required in Section 14 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 11, sign Section 13, 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 1–14 of this form, plus the title and all signature pages of the Trust documentation, using any of the following

methods:

Return Instructions

• Upload online with secure messaging (if you are an existing client and have online access to your account).

– Go to schwab.com/messagecenter, log in to your account, and then click Upload Document.

• 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 (West)

Charles Schwab & Co., Inc.

1945 Northwestern Dr.

El Paso, TX 79912

Overnight Mail (East)

Charles Schwab & Co., Inc.

1958 Summit Park Dr., Ste. 200

Orlando, FL 32810

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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For important disclosures about our relationship with you and the services we can provide, please visit schwab.com/transparency.

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 1–14 of the Schwab One Trust Account Application and Sections 1–5 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 Taxpayer Identiﬁ -

cation Number (TIN) is changing, a new account must be opened.

Existing Schwab or Schwab One

Account Number

• If all the current account holders are also the Trustees and the TIN 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. Trust Information

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 schwab.com/privacy.

Type of Trust (Please complete section A and, if applicable, Section B.)

A. Living or Testamentary Trusts

Type of Living Trusts (Select only one type below.)

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)*

Check here if this is a Testamentary Trust and enter the decedent’s name:

Name (First) (Middle) (Last)

B. Business Trust

Check here if this is a Business Trust. (Please complete the Trust Addendum.)

*Notarization of Trustees’ signatures is required. See Section 14.

†

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.

Page 1 of 14

Schwab One

®

Trust Account Application

for Trusts Domiciled in the United States

FOR CHARLES SCHWAB USE ONLY:

Branch Ofﬁ ce and

Account Number

— —

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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: __________________________________________________________________________________________________________________________________________

Please check the box if this is a tribe-governed Trust that is created by the tribe or tribal members on reservation land and under tribal laws. (Contact Schwab for additional document requirements.)

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: ______________________________

3. Trustee Information

Schwab 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 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 4–6 for each additional

Trustee. All Trustees must sign the Trustee Certiﬁ cation (Section 11) and the Application (Section 13).

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 4.

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

Name (First) (Middle) (Last)

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

2. Trust Information (Continued)

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

* By providing your email address, you consent to receiving email from Schwab. Information about opting out of certain email communications is

provided at schwab.com/privacy.

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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

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

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)

Trusted Contact Designation

A Trusted Contact Person (“Trusted Contact”)* is a resource Schwab, and your advisor (if you have one), may contact on your behalf, if necessary, to

attempt to address concerns regarding potential ﬁ nancial exploitation, or in communicating with you regarding issues related to your account(s). A

Trusted Contact will not be able to view your account information, execute transactions in your account(s), or inquire about account activity, unless that

person has that authority through another role on the account(s), such as a trustee or power of attorney. Providing Schwab with Trusted Contact

information is voluntary. We encourage you to provide two Trusted Contacts in the event that one is not reachable in the future.

• Schwab suggests that your Trusted Contact(s) be someone other than your ﬁ nancial consultant or investment advisor.

• You may name up to two Trusted Contacts.

• The person(s) you name as Trusted Contact(s) will be the Trusted Contact(s) on all of your Schwab accounts, as provided for in your account agreement.

• For multiple-party accounts, each party can name separate Trusted Contacts.

• The Trusted Contact(s) must be at least 18 years old.

Trusted Contact Information

Trusted Contact information provided on this form will replace all Trusted Contact information currently on ﬁ le.

Person 1

If you have no changes to your existing Trusted Contact, please skip this section.

Name (Title, First) (Middle Name) (Last Name, Sufﬁ x)

Relationship (Please select only one.)

Spouse Partner Child Parent Sibling Friend Other

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

3. Trustee Information (Continued)

Primary Trustee (Continued)

* If you provide a Trusted Contact Person(s) to Schwab, you understand that you have authorized Schwab and your advisor (if you have one) to contact

the Trusted Contact Person(s) at their discretion and to disclose information about your account to address possible activities that might indicate finan-

cial exploitation of you; to confirm the specifics of your current contact information, health status (including physical or mental capacity), or the identity

of any legal guardian, executor, trustee, or holder of a power of attorney on your account(s); or as otherwise permitted by FINRA rules or state law. For

more information, please see your Schwab Account Agreement, which is available at schwab.com/accountagreement.

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Please provide at least one method of contact for each Trusted Contact listed.

Mailing Address (No P.O. boxes) City

State or Province Country Postal or Zip Code

Home Phone

( )

Mobile Phone

( )

Email Address

Person 2

If you have no changes to your existing Trusted Contact, please skip this section.

Name (Title, First) (Middle Name) (Last Name, Sufﬁ x)

Relationship (Please select only one.)

Spouse Partner Child Parent Sibling Friend Other

Please provide at least one method of contact for each Trusted Contact listed.

Mailing Address (No P.O. boxes) City

State or Province Country Postal or Zip Code

Home Phone

( )

Mobile Phone

( )

Email Address

Co-Trustee (if applicable)

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

Name (First) (Middle) (Last)

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)

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

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

3. Trustee Information (Continued)

Person 1 (Continued)

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

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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

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

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 CO-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)

Trusted Contact Designation

A Trusted Contact Person (“Trusted Contact”)* is a resource Schwab, and your advisor (if you have one), may contact on your behalf, if necessary, to

attempt to address concerns regarding potential ﬁ nancial exploitation, or in communicating with you regarding issues related to your account(s). A

Trusted Contact will not be able to view your account information, execute transactions in your account(s), or inquire about account activity, unless that

person has that authority through another role on the account(s), such as a trustee or power of attorney. Providing Schwab with Trusted Contact

information is voluntary. We encourage you to provide two Trusted Contacts in the event that one is not reachable in the future.

• Schwab suggests that your Trusted Contact(s) be someone other than your ﬁ nancial consultant or investment advisor.

• You may name up to two Trusted Contacts.

• The person(s) you name as Trusted Contact(s) will be the Trusted Contact(s) on all of your Schwab accounts, as provided for in your account agreement.

• For multiple-party accounts, each party can name separate Trusted Contacts.

• The Trusted Contact(s) must be at least 18 years old.

Trusted Contact Information

Trusted Contact information provided on this form will replace all Trusted Contact information currently on ﬁ le.

Person 1

If you have no changes to your existing Trusted Contact, please skip this section.

Name (Title, First) (Middle Name) (Last Name, Sufﬁ x)

Relationship (Please select only one.)

Spouse Partner Child Parent Sibling Friend Other

Please provide at least one method of contact for each Trusted Contact listed.

Mailing Address (No P.O. boxes) City

State or Province Country Postal or Zip Code

Home Phone

( )

Mobile Phone

( )

Email Address

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

3. Trustee Information (Continued)

Co-Trustee (Continued)

* If you provide a Trusted Contact Person(s) to Schwab, you understand that you have authorized Schwab and your advisor (if you have one) to contact

the Trusted Contact Person(s) at their discretion and to disclose information about your account to address possible activities that might indicate finan-

cial exploitation of you; to confirm the specifics of your current contact information, health status (including physical or mental capacity), or the identity

of any legal guardian, executor, trustee, or holder of a power of attorney on your account(s); or as otherwise permitted by FINRA rules or state law. For

more information, please see your Schwab Account Agreement, which is available at schwab.com/accountagreement.

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Person 2

If you have no changes to your existing Trusted Contact, please skip this section.

Name (Title, First) (Middle Name) (Last Name, Sufﬁ x)

Relationship (Please select only one.)

Spouse Partner Child Parent Sibling Friend Other

Please provide at least one method of contact for each Trusted Contact listed.

Mailing Address (No P.O. boxes) City

State or Province Country Postal or Zip Code

Home Phone

( )

Mobile Phone

( )

Email Address

4. 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:

Name (First) (Middle) (Last)

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

Home Telephone Number Business Telephone Number Cellular Telephone Number

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

Employment Status (Select only one.)

Employed Self-Employed Retired Homemaker Student Not Employed

Employer Name/Business Name

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

3. Trustee Information (Continued)

Co-Trustee (Continued)

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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

Business Street Address 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,” 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 .)

Investment Knowledge (Select only one.)

None Limited Good Extensive

Email Address*

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

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

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

USA Other: Other:

Country of Legal Residence

USA Other:

ID Number and Type

Passport Driver’s License Gov’t-Issued ID

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

5. 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 6:

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: ______________________________________

Country of Legal Residence

USA Other: ______________________________________

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

4. Entity Trustee (Continued)

Entity Agent (Continued)

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.

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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 ___________________________________________________________________.)

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

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

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 GRANTOR 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)

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 6:

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: ______________________________________

Country of Legal Residence

USA Other: ______________________________________

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 ___________________________________________________________________.)

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

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

Marital Status

Single Married Divorced Widowed Number of Dependents: ______________________

Investment Knowledge (Select only one.)

None Limited Good Extensive

Page 8 of 14Schwab One®Trust Account Application for Trusts Domiciled in the United States |

5. Grantor Information (Continued)

Grantor 1 (Continued)

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.

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THIS SECTION TO BE COMPLETED BY A GRANTOR 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)

Note: If there are more than two Grantors, please complete and attach a separate photocopy of the Grantor 2 Section on pages 8 and 9 for each

additional Grantor.

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

The Cash Features Program is a service that we provide that permits the uninvested cash or “free credit balance” in your Account to earn income while

those funds remain uninvested. Additional information about the Cash Features Program and each Cash Feature is available in the Cash Features

Disclosure Statement.

The Bank Sweep feature is an available 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 banks afﬁ liated with Schwab (“Sweep Banks”). Your

deposits at each Sweep Bank 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 at that bank. Your funds may be placed in a Sweep Bank in excess

of the FDIC insurance limit. In certain limited circumstances, Schwab may place your funds in a sweep money market fund. Please see the Cash

Features Disclosure Statement for additional information.

By signing this Application, you consent to participate in Schwab’s Cash Features Program, as described in the Cash Features Disclosure Statement,

and you also consent to having the Bank Sweep feature as your designated Cash Feature.

You understand and agree that Schwab can (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 changes.

7. 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 Deposit

TM

. (You must be

approved for this service.)

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.

8. Paperless Document Enrollment

Here’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 3 or Section 4, 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 3 or Section 4, 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 this

application 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.

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

5. Grantor Information (Continued)

Grantor 2 (Continued)

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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.

9. 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

s

hort, 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 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.

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): __________________________________________________________________________________

8. Paperless Document Enrollment (Continued)

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Page 11 of 14Schwab One®Trust Account Application for Trusts Domiciled in the United States |

10. 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 11.

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.

Schwab One Trust accounts must have at least a $100 balance in order to receive a debit card or checks, unless the account is linked to a Schwab

Bank High Yield Investor Checking® 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

11 to 20 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.

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.

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Page 12 of 14Schwab One®Trust Account Application for Trusts Domiciled in the United States |

11. Trustee Certiﬁ cation

All 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.

Initial Here Initial Here

Section 3—Trustee Roles, Responsibilities and Indemniﬁ cation

1. If a Trustee hires an Advisor and/or Manager, each Trustee represents, warrants and certiﬁ es 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, if authorized by a Trustee on the Account Application, take the

following actions and instruct Schwab to permit such authorized person to: (1) place trades in the Account as provided under the Trading Authorization

heading in the attached Account Application Agreement; (2) remit checks to the Trust at its address of record; (3) journal cash and/or securities to a

Schwab brokerage account on which the Trust is a named account holder (known as a ﬁ rst-party transfer); 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.

Initial Here Initial Here

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

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.

13. Authorization to Open Account

By signing this Application, you certify, represent, and warrant that all of the information supplied in this application is complete, true, and correct. 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 associ-

ated 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

11, 13, and 14 to be completed 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 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)

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

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14. 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)

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.

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

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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 Agreement

Section 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 in your best interest. Your obligation

includes an afﬁ rmative duty to monitor proﬁ ts

and stay informed about your account and your

investments and respond to changes as you

deem appropriate.

Unless we otherwise agree with you in writing,

Schwab does not monitor your account(s) or

investments and has no obligation to update an

investment recommendation, ﬁ nancial advice, or

ﬁ nancial plan we may give you. Such recommen-

dation, ﬁ nancial advice, or ﬁ nancial plan only

applies at the point in time we provide it to you.

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 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 Margin

Disclosure Statement.

Section 11: Loan Consent. You agree that

property held in your Margin Account, now or in

the future, can 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

Page 1 of 3

Schwab One

®

Trust Account Application Agreement

for Trusts Domiciled in the United States

ST

COM31873-26

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.

Page 3 of 3

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

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www.schwab.com | 1-800-435-4000 (inside the U.S.) | +1-415-667-8400 (outside the U.S.) | 1-888-686-6916 (multilingual services)

• 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 (“Schwab

One Trust”) Application to open and service your High Yield Investor Checking Trust account, communicate with you, and provide information about

products and services. Read about our privacy policy in Schwab’s Facts: What Does The Charles Schwab Corporation Do With Your Personal

Information? (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 Identiﬁcation Number (Required)

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

Trust Tax

ID Number

2. Required Information About the Account

Purpose 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 Activity

On 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

15 to 30 times per month

31 to 45 times per month

More than 45 times per month

3. High Yield Investor Checking Trust Features

Schwab Bank Bill Pay

This 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 Protection

This 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 insuf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 Checking

Trust Account Number

Page 1 of 3

Schwab Bank High Yield Investor Checking

®

Trust Account Application

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

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”). 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 speci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 speci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

speci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 identi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 nancial institution. The names of the owners of the account at the other 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 Deposit

TM

. (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

X

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

X

Trustee 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, modi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 afliates, of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 Certi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 bene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 specied

by applicable state law, the account may

be transferred to the appropriate state.

ST

PRINT

COM31873-26

(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 speci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 speci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

speci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 identi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, modi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 afliates, of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 Certi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 bene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 speci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:

00195447

Schwab Bank High Yield Investor Checking

®

Trust Account Application Agreement

ST

Regulation E—Electronic Funds

Transfer 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, SSB (“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 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 Bank, SSB

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 Bank, SSB

P.O. Box 982605

El 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

• 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.

00244645

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Margin Disclosure Statement

www.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 can 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 can

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 retains the right to 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 can 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 can

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 might 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”).

00242197

COM31873-26

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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 the Cash Features Disclosure

Statement, the Cash Features Disclosure Statement 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:

• The free credit balance in your eligible account (the “Schwab One

®

Interest feature”), on

which Schwab pays interest;

• Interest-bearing deposit accounts at one or more of our afﬁ liated banks (the “Bank Sweep

feature” for most accounts and the “Bank Sweep for Beneﬁ t Plans feature” for retirement

plan accounts); 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. There is no

guarantee that the interest rate and yield on any particular cash feature will be or will remain

higher than the interest rate and yield on any other cash features over any period. 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/sweep. If your account is an Advisor

Services account, please contact your advisor, visit www.schwab.com/SA_sweep, or call

Schwab Alliance at 1-800-515-2157.

• The interest rate on the Schwab One Interest feature is set by Schwab. We have the option

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 free credit balance within

your account.

• The interest rate on the Bank Sweep feature is set by our afﬁ liated bank(s), which also

has the option to pay as low a rate as possible consistent with their views of competitive

necessities. Retirement accounts will be paid a reasonable rate consistent with applicable

legal and regulatory requirements. With certain exceptions, the rate will be tiered based upon

your account type and the combined amount of your account’s Bank Sweep deposits at our

afﬁ liated bank(s).

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

Cash Features Program

General Terms and Conditions

Page 1 of 2

COM31873-26

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

Interest Rates and

Yields

(Continued)

• The interest rate on the Bank Sweep for Beneﬁ t Plans feature is set by our afﬁ liated bank(s),

which intend to pay interest consistent with reasonable rate provisions of applicable legal

and regulatory requirements. This can be lower than some competitors’ rates. Interest rates

do not vary by tiers and do not vary based on your cash balances.

• 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, and yields on any of our cash

features can be lower than those of similar investments or deposit accounts offered outside

the Cash Features Program. 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 charge fees and receive certain beneﬁ ts under the different cash features. We share a

portion of these fees and beneﬁ ts with our investment professionals. 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 and Bank Sweep for Beneﬁ t Plans features are not subject to market risk

and value loss but are subject to the risk of the failure of one or more of our afﬁ liated banks.

In the unlikely event that one or more of our afﬁ liated banks fails, deposits at each 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 that bank outside of the Bank Sweep

and Bank Sweep for Beneﬁ t Plans features. You are responsible for monitoring your bank

balances in the Bank Sweep and Bank Sweep for Beneﬁ t Plans features and the balances

in any of your other bank accounts at each afﬁ liated bank to determine if these, in total,

exceed FDIC insurance limits. Monies held in both features 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.

00243317

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

COM31873-26

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The Purpose and Effect of Your Consent

This disclosure and informed consent applies to all communications for

those accounts, products and services offered in person or available via

Schwab.com, Schwaballiance.com, or via a Schwab mobile website or

mobile application used to access those accounts, products or services,

to the extent they are not otherwise governed by the terms of a separate

disclosure and informed consent.

We are required to provide to 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 af ﬁ rmative

consent, we can provide the documents to you electronically instead via

the Schwab Paperless Documents program (“Paperless Documents”).

The information below will help you understand the conditions and

requirements relating to Paperless Documents. You can always ﬁ nd the

most up-to-date version of this important information at schwab.com/

paperless_consent.

Paperless Documents categories include: tax forms, trade conﬁ rmations,

shareholder materials, statements and account documents (e.g., account

statements and other account-related documents associated with

the account, including account agreement amendments and program

disclosures, fund prospectuses, and investment advisory service

disclosures). Each of these document categories is described in detail

below. If you are opening an account, the account agreements and account

and program disclosures delivered to you as part of the account opening

process are also included in Paperless Documents. Electronic documents

speciﬁ c to your transactions and account will be available online for up to

10 years from the date of initial delivery. Your consent to receive documents

electronically is not limited in duration and does not expire.

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 document categories may apply to you. Certain

documents that are not currently included in Paperless Documents may

continue to be delivered to you via postal mail. In the future, some or all

of these documents may be added to Paperless Documents and made

available to you electronically in accordance with your informed consent

to this disclosure. 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 to Paperless Documents 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 Paperless Documents, 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 account holder.

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. These abilities demonstrate that you

can receive the 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.

We may, if necessary and at our discretion, end your participation in

Paperless Documents, or change the terms and conditions relating

to Paperless Documents and electronic communications. It is your

responsibility to review any updates in a timely manner. We will provide you

with notice of any discontinuation or update as required by law.

Our Contact Information to Request Paper or Ask Questions

To access the document and print a copy, log in to your Schwab or Schwab

Bank account, select the “Accounts” tab, then select “Statements.” To

request paper, ask questions about, or report problems concerning

Paperless Documents, you may contact us as follows:

To contact us by email, log in to Schwab.com, click “Contact Us,” and then

click “Send a Secure Message.” Advisor Services clients, please log 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 other countries: +1-415-667-8400.

• Advisor Services clients: Contact your independent advisor or call

1-800-515-2157.

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

• Institutional Intelligent Portfolios

®

clients: 1-877-805-3399.

To Withdraw Your Consent

When 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 delivery 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 can increase.

Important note for Schwab Intelligent Portfolios Solutions 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 Ready

We send you an email to let you know a document is available. For some

documents, the email itself will be the paperless document. For other

documents, the email will contain a link that will allow you to access or

download the document, and your login may be required prior to such

access.

Keeping Your Email Address Current and Actions Schwab or

Schwab Bank Will Take If There Is a Problem

Please note that after three consecutive months of unsuccessful electronic

delivery attempts of your tax forms, trade conﬁ rmations, or statements and

account documents, your account(s) will revert back to postal mail delivery.

This will cancel your enrollment in Paperless Documents and 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 >

My Proﬁ 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.

In certain circumstances, as may be required by law or regulation or

for other reasons, we may send you the tax form itself by postal mail

within the time period prescribed by the relevant legal or regulatory

requirements.

• Trade Conﬁ rmation—Send a paper copy of trade conﬁ rmation by postal

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.

Page 1 of 2

Important Information About Your Informed

Consent to Receive Paperless Documents

COM31873-26

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Informed Consent to Receive Paperless Documents | Page 2 of 2

• Statements and Account Documents—Send a letter by postal mail

informing you that we were unable to deliver your statement or account

document 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 Paperless Documents, and we will

begin to send you paper shareholder materials.

Hardware and Software Requirements

Paperless Documents requires you to have access to a device (computer

or 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.

• 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 device, 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 documents.

• Electronic storage connected to your device, if you wish to retain records

in electronic form. (If you are 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 Information

Unless 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 of your name

or your entire 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 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 complete

your tax returns. Much of the information we provide in tax documents

is also reported to the IRS. This includes any corrected tax documents

and accompanying notices. When a tax document is ready, we will send

an email notiﬁ cation with the subject line “IMPORTANT TAX RETURN

DOCUMENT AVAILABLE” and 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, 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 includes paperless delivery of prospectuses or other regulatory

information we provide to you at the time of your trade. Your consent to

receive paperless trade conﬁ rmations also covers paperless delivery of

Trade Conﬁ rmation Reports (TCRs) if you elect this alternative as part of

your Managed Account enrollment.

Statements and Account 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 Statement of Financial Condition, pricing changes, changes to

payment features, privacy policy, annual notices, amendments to your

account agreements, and any other documents, notices, and disclosures

required by law or regulatory rules to be provided to you. At account

opening and from time to time thereafter, we also send you notiﬁ cations

about your account. Collectively, we call these documents, notices, and

disclosures “account documents.” When you consent to paperless account

statements, you also consent to paperless account documents.

Investment Advisory Service Disclosures

(A Sub-Category of Account Documents)

Your consent to paperless Statements and Account 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 Solutions™, 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 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”)

Schwab Bank Paperless Documents categories include statements and

account documents and tax forms. The above information regarding

the purpose and effect of your consent, including how to request paper

delivery, how to ask questions, how to withdraw consent for paperless

delivery, electronic notiﬁ cation of ready statements, keeping a current

email address, hardware and software requirements, and security

and privacy information, are all applicable to Schwab Bank accounts.

Paperless Documents include account statements and tax forms. In

addition, 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.

Charles Schwab Bank, SSB 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, SSB and are subject to investment risk, including the possible loss of principal invested. Deposit and other lending products

and services are offered by Charles Schwab Bank, SSB, Member FDIC and an Equal Housing Lender. Charles Schwab Bank, SSB is not acting or registered as a securities broker-dealer or investment advisor.

00246018

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

00243743

COM31873-26

ST

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Fillable Instructions to Open or Update a Schwab One

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