Fill - Instructions to Open or Update a Schwab One (Charles Schwab)

COM31873-20

CLIENT COPY

CC1212940 (0817-7ZCA) REG78503-06 (07/17)

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:

A minimum deposit of $1,000 is required to open a Trust account. The minimum deposit is waived if you open a Schwab Bank

High Yield Investor Checking Trust account or if you establish a monthly transfer of at least $100 through either Direct Deposit or

Schwab MoneyLink®. If you are reregistering an existing Schwab account, the minimum deposit does not apply.

Notarization of Trustee(s) signature is required in Section 15 of the Schwab One Trust Account Application. Exception: Notarization is

not required for Revocable Trusts where all Grantor(s) (the individual(s) establishing and initially funding the Trust), current Trustee(s),

and current Beneﬁ ciary(ies) are the same individual(s), or if you are only adding Schwab One checks or Visa® Debit Cards to an

existing Trust Account.

For example, a husband and wife are the Grantors, current Trustees, and current Beneﬁ ciaries; therefore, no notarization is required.

However, when one spouse passes away, the surviving spouse, who is one of the original Grantors and is a current Trustee and

Beneﬁ ciary, will need to have his/her signature notarized.

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

Application. All pages of the Certiﬁ cation of Trust, Memorandum of Trust, Afﬁ davit of Trust, or Abstract of Trust may be submitted to

satisfy the trust documentation.

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

this Application.

For a Sub-Trust (e.g., Marital Trust, Bypass Trust, or Generation-Skipping Trust), in addition to the requested documentation listed

above, please provide copies of the page(s) of the original Trust document with the provision outlining the creation of the Sub-Trust.

For a Testamentary Trust, Schwab will require copies of the ﬁ rst page and signature page(s) of the Will and evidence that the Will has

been ﬁ led with the court. Schwab will need a copy of the provision within the Will that allows for the establishment of the Testamen-

tary Trust upon the death of the Grantor.

All Trustees must initial and sign the Trustee Certiﬁ cation page in Section 12, sign Section 14, and, if you are applying for a

Schwab Bank High Yield Investor Checking Trust Account, sign Section 5 of the attached application for that account.

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

laundering and other ﬁ nancial crimes. This Application therefore requests speciﬁ c information and documentation in order to verify the

identity of the entity and its Control Persons, Authorized Individuals, and Beneﬁ cial Owners.

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

methods:

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

1. Go to Schwab.com.

2. Log in to your account.

3. Click the Message Center link (under Accounts), and then click the Compose New Message link.

4. Upload your form as an attachment by clicking the Add File button.

5. When your message is complete, click Send.

• Mail to any of the following addresses:

Regular Mail

Charles Schwab & Co., Inc.

Attn: IS Document Control

P.O. Box 982600

El Paso, TX 79998-2600

Regular Mail

Charles Schwab & Co., Inc.

Attn: IS Document Control

P.O. Box 628291

Orlando, FL 32862-8291

Overnight Mail

Charles Schwab & Co., Inc.

Attn: IS Document Control

1945 Northwestern Drive

El Paso, TX 79912

Overnight Mail

Charles Schwab & Co., Inc.

Attn: IS Document Control

1958 Summit Park Drive, Ste. 200

Orlando, FL 32810

• Fax to 1-888-526-7252.

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

Please retain this page for your ﬁ les.

You do not need to send it back to Schwab.

Instructions to Open or Update a

Schwab One

Trust Account with Optional Schwab

Bank High Yield Investor Checking

Account

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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)

1. Establish Your Account(s) (Check one.)

Please review the documentation requirements listed on the previous page. Please follow these instructions precisely or the opening of your

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

Open a new Schwab One Trust account only. (This option must be selected for Testamentary Trusts new to Schwab and Trust accounts utilizing an

Entity Trustee.) (Please complete all sections of the Application. All Trustees must sign this Application and the attached Trustee Certiﬁ cation.)

Open a Schwab One Trust account and a Schwab Bank High Yield Investor Checking® Trust account. (Not available for Testamentary Trust

accounts or Trust accounts utilizing an Entity Trustee.) (Complete Sections 1–15 of the Schwab One Trust Account Application and Sections 1–4 of

the Schwab Bank High Yield Investor Checking Trust Account Application.)

Note: To open a Schwab Bank High Yield Investor Checking Account, all Trustees must be U.S. citizens or U.S. resident aliens and reside in the U.S.

or one of its territories (except Guam), or have a U.S. military address. All Trustees must be individuals and cannot be organizations, other trusts, or

business entities. High Yield Investor Checking Accounts, including Visa® Platinum debit card, are not available for trusts with Entity Trustees.

Convert an existing Schwab or Schwab One account to a Schwab One Trust account and keep the same account number. If the Tax ID number is

changing, a new account must be opened.

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

all sections of the Application, and have all Trustees initial or sign where indicated.

• If all of the parties on the existing account will not be acting as Trustees on the Trust account, the parties on the existing account must provide

Schwab with a Letter of Authorization (LOA) requesting the removal of the account holder(s) and the conversion to a Trust account. The LOA must

be signed by all parties on the existing account.

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

sign a new POA.

2. Add Cash Features to an Existing Schwab One Trust Account

Add Schwab One checks or Visa Platinum debit card(s) to an existing Schwab One Trust account. Please provide your account number below,

complete Section 11, sign and initial the Trustee Certiﬁ cation, and sign the Application. Return all pages of this Application to Schwab, including the

pages that do not apply to adding cash features to an existing Schwab One Trust account.

Notarization is not required if you are only adding the checking feature to an existing Trust account. (If you are only adding Schwab One checks or

Visa Platinum debit card(s) to an existing Schwab One Trust account, you must submit additional Living or Testamentary Trust documentation, e.g.,

title and signature pages of the Trust, as speciﬁ ed on the previous page.)

Existing Schwab or Schwab One

Account Number

3. 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 www.schwab.com/privacy.

Type of Trust (Select only one.)

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

Other Revocable Trust*

Irrevocable Trust*

†

Please specify the type of Irrevocable Trust:

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

Family Descendants Generational Remainder Other _______________________________________________________________________________________

Testamentary Trust (created by will or probate)*

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

Name (First) (Middle) (Last)

*Notarization of Trustees’ signatures is required. See Section 15.

†

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

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

Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but afﬁ liated companies and wholly owned subsidiaries of The Charles Schwab

Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services

are offered by Schwab Bank, member FDIC and Equal Housing Lender.

FOR CHARLES SCHWAB USE ONLY:

Branch Ofﬁ ce and

Account Number

Page 1 of 12

Schwab One

Trust Account Application

for Trusts Domiciled in the United States

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Full Legal Name of Trust

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

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

Is the Trust a 10% shareholder of a publicly traded company?

No Yes

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

Has the original Trust Agreement been amended or restated?

No Yes

Most Recent Amendment Date ______________________________________________________________ Most Recent Restatement Date ___________________________________________________________

Trust Annual Income:

Under $15,000 $15,000–$24,999 $25,000–$49,999 $50,000–$99,999 $100,000 or More

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

4. Trustee 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 www.schwab.com/privacy. As required by U.S. federal law, Schwab will use the information provided for each of

the individuals named below to verify the identity of the Trust and persons related to it.

If there are more than two Trustees, please complete and attach a separate photocopy of the Co-Trustee section on pages 3 and 4 for each additional

Trustee. All Trustees must sign the Trustee Certiﬁ cation (Section 12) and the Application (Section 14).

Primary Trustee

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

Section 5.

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

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

3. Trust Information (Continued)

Page 2 of 12Schwab 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)

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

Page 3 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |

4. Trustee Information (Continued)

Primary Trustee (Continued)

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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)

5. Entity Trustee (if applicable)

Complete this section if any one of the Trustee(s) is an entity (corporate trustee or other entity). Also complete and return the Supplemental Trust

Account Application for Entity Trustees. Schwab will use the entity’s address as the address for the account.

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

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

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

Country of Incorporation/Establishment State of Incorporation/Establishment

Entity Tax ID Number Business Telephone Number

( )

State or Federal Regulator (if applicable)

Required Information About Entity Agents

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

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

additional copies of this section.

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

Authorized Individual.

Entity Agent

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

Director President Vice President CFO Treasurer Secretary Other:

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

( )

4. Trustee Information (Continued)

Co-Trustee (Continued)

Page 4 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |

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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

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 TRUSTEE 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)

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

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

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

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

Grantor 1

Type of Grantor (Please select only one.)

Individual Organization Trust

Grantor First Name Middle Name Last Name/Entity Name

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

was established:

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

to Section 7:

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

Telephone Number Social Security/Tax ID Number

Page 5 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |

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.

5. Entity Trustee (Continued)

Entity Agent (Continued)

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

USA Other: ______________________________________ Other: ______________________________________

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

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 7:

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

Telephone Number Social Security/Tax ID Number

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

USA Other: ______________________________________ Other: ______________________________________

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 ______________________.)

Page 6 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |

6. 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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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)

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

additional Grantor.

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

The Cash Features Program is a service that offers the Bank Sweep feature (a “Cash Feature”) to permit your uninvested cash (the “Free Credit

Balance”) to earn income while you decide how those funds should be invested longer term.

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

Statement.

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

described in the Cash Features Disclosure Statement.

The Bank Sweep feature is designated as the Cash Feature for brokerage accounts of account holders residing in the U.S. Through the Bank Sweep

feature, Schwab automatically makes deposits to and withdrawals from deposit accounts at one or more Sweep Banks that are insured by the Federal

Deposit Insurance Corporation (FDIC) up to $250,000 (including principal and accrued interest) when aggregated with all other deposits held by you in

the same insurable capacity.

You understand and agree that Schwab may (1)make changes to the terms and conditions of the Cash Features Program; (2)make changes to the

terms and conditions of any Cash Feature; (3)change, add, or discontinue any Cash Feature; (4)change your investment from one Cash Feature to

another if you become ineligible for your current Cash Feature or your current Cash Feature is discontinued; and (5)make any other changes to the Cash

Features Program or Cash Feature as allowed by law. Schwab will notify you in writing of changes to the terms of the Cash Features, changes to the

Cash Features we make available, or changes to the Cash Features Program prior to the effective date of the proposed change.

8. Fund Your Schwab One Trust Account

A check or money order made payable to the name of the Trust is enclosed for $ _______________________________ .

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

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

Deposit funds using the Schwab Mobile application. Download the Schwab Mobile app and apply for Schwab Mobile Deposit

. (You must be

approved for this service. This option is not available for Testamentary Trusts.)

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

Account Application.

Page 7 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |

6. Grantor Information (Continued)

Grantor 2 (Continued)

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9. 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 4 or Section 5, as applicable. The completion of your enrollment will depend

on one of the following scenarios.

Scenario 1:

If you are the Primary Trustee or Authorized Entity Agent, as applicable, and already have an account enrolled in Paperless Documents using the email

address provided in Section 4 or Section 5, as applicable, have logged on to Schwab.com in the past six months, and agree to the following, your

paperless enrollment will be complete once your account is opened.

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

Scenario 2:

If you are the Primary Trustee or Authorized Entity Agent, as applicable, and do not have an existing account enrolled in Paperless Documents, are using

a different email address, or have not logged on to Schwab.com in the past six months, we will send you an email after the account is opened. To

complete enrollment, you will need to click the “I Consent” button in that email and/or follow the instructions to access Schwab.com. If you do not click

the “I Consent” button, this account will not be enrolled in Paperless Documents and we will send your account agreement and related disclosures, as

well as future regulatory documents, by postal mail.

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

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

10. Required Information About the Account

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

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

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

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

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

Margin

A margin account allows the Trustee to borrow against eligible securities. Margin loans can be used to purchase additional securities, to sell securities

short, to obtain short-term ﬁ nancing, or as a source of overdraft protection. If you select the margin feature, your Trust Agreement must speci cally

authorize the Trustee(s) to establish a margin account. Check below if you do not wish to have the margin feature or if the Trust Agreement does not

authorize margin borrowing.

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

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

Options Trading

If you are converting an existing Schwab One account to a Schwab One Trust account and your account has previously been approved for options trading

and you either have options in your existing account or would like to trade options, all Trustees must complete and sign a new Add Options Trading and

Margin to Your Account form.

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Source of Funds (Select all that apply.)

In this section, we’re collecting information about the categories (“sources”) of assets that will be held in your account. Please select all of the sources

of the assets that will be deposited or held in your account, including the original sources of any assets that will be transferred into the account from

a n o t h e r ﬁ r m .

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

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

Sale of Property or Business Gifts ___________________________________________________

Purpose of Account (Select all that apply.)

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

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

Other (please specify): __________________________________________________________________________________

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

If you are opening only a Schwab One brokerage account and would like the ability to write Schwab One brokerage checks and/or use a Visa® Platinum

debit card, please complete this section. By choosing to order Schwab One brokerage checks, you represent, warrant, and certify that the Trust permits

checkwriting and/or the use of a Visa debit card. If you do not want checks or a Visa debit card, skip this section and go to Section 12.

Select only one:

Checks only*

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

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

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

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

Note: Schwab Bank High Yield Investor Checking® accounts, including Visa® Platinum debit cards, are not available for accounts with Entity

Trustees or for trusts with trustees who are not U.S. citizens or U.S. resident aliens.

Anticipated Activity

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

Less than 5 times per month

5 to 10 times per month

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.

10. Required Information About the Account (Continued)

Page 9 of 12

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.

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

COM31873-20

Page 10 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |

12. 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, the Trustees represent, warrant and certify that either the Trust Agreement or applicable law grants the

Trustees the power to delegate to others (such as a ﬁ nancial advisor) the authority to give trading instructions with respect to the Trust’s Account with

Schwab and, if authorized by a Trustee on the Account Application, to authorize Schwab to: (1)execute trades in the Account at the direction of an Advisor

and/or Manager (as deﬁ ned in the Application); (2)disburse assets for investment purposes or to the Trustees personally, as instructed by an Advisor;

(3)remit checks, wire funds and make certain disbursements of funds held in the Account as regulations permit and as instructed by an Advisor (i)to

banks, broker-dealers, investment companies or other ﬁ nancial institutions for credit to an account of identical registration or (ii)to the Trustees

personally at their addresses of record; and (4)pay investment advisory and related fees from the Account in the amount of an Advisor’s instructions.

2. Each Trustee represents, warrants and certiﬁ es that either (1)the Trust expressly authorizes that each Trustee (if there is more than one) is authorized to

act individually, independently and without the consent of the other Trustees; or (2)the Trustees have consented to allow each Trustee to act individually,

independently and without the consent of the other Trustees with respect to the Account and that such delegation of authority is expressly authorized by

the Trust and by applicable law. Each Trustee agrees that any notice delivered to one Trustee shall constitute notice to all Trustees. Schwab, in its sole

discretion and for its sole protection, may require the written consent of any or all Trustees prior to acting upon the instructions of any Trustee.

3. If a Trustee applies for and utilizes the margin borrowing feature, each Trustee represents, warrants and certiﬁ es that the Trust expressly grants

them the power to trade securities on margin or otherwise (including the purchase and/or sale of option contracts) for and at the risk of the Trust and

to grant authority to a brokerage ﬁ rm, acting as principal or otherwise, to pledge, repledge, hypothecate or rehypothecate assets of the Trust. Each

Trustee agrees to decline the margin borrowing feature if such authorizations for borrowing are not contained in the Trust.

4. Each Trustee represents, warrants and certiﬁ es that the Trust expressly grants them the power to buy, sell (including short sales), exchange, and

convert, tender and redeem securities without restriction as to type. Each Trustee further represents, warrants and certiﬁ es that the Trust expressly

grants them the power to withdraw assets from the Account, including the delivery of assets to and from the Account and the delivery of assets to a

Trustee personally. Each Trustee agrees that Schwab shall have no duty of inquiry with respect to any trade, deposit or withdrawal from the Account,

and each Trustee afﬁ rms that all transactions effected and all instructions provided to Schwab will be in full compliance with the Trust.

5. By signing this Application, each Trustee represents, warrants and certiﬁ es that there are no currently acting Trustee(s) of the Trust other than those

signing below. Should only one person execute this Application, it is a representation that the signer is the sole current acting Trustee.

6. Each Trustee represents, warrants and certiﬁ es that neither they nor the Trust shall impose any obligation upon Schwab for determining the purpose

or propriety (1)of any instructions received from any Trustee or (2)of payments or deliveries to or among Trustees.

7. Each Trustee hereby, jointly and severally, in both their personal and representative capacities, agrees to indemnify Schwab, its afﬁ liates, ofﬁ cers,

directors, attorneys, employees and agents from, and to hold such persons harmless against, any claims, judgments, surcharges, settlements or other

liabilities or costs of defense or settlement (including investigative and attorneys’ fees) arising out of or related to any act or omission to act by any

Trustee with respect to the Account. Each Trustee also agrees, jointly and severally, to indemnify Schwab and hold Schwab harmless from any claim, loss,

expense, or other liability for effecting any transactions and for acting upon any investment or money movement instructions provided by any Trustee.

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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13. 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.

14. Authorization to Open Account

By signing this Application, you acknowledge that you have received and read a copy of the attached Application Agreement, which contains a predispute

arbitration provision. You acknowledge that your signature signiﬁ es and constitutes your agreement that this account and you and the Trust’s relationship

with Schwab will be governed by the Application Agreement and all incorporated agreements and disclosures, including the Schwab One International®

Account Agreement and the Charles Schwab Pricing Guide, each as amended from time to time (the “Agreement and Disclosures”). You understand there

are fees associated with establishing, maintaining, engaging in transactions in, and transferring assets out of this account. Unless you have declined

the margin feature, you acknowledge that securities securing loans from Schwab may be lent to Schwab and lent by Schwab to others. You also

acknowledge that if you trade “on margin,” you are borrowing money from Schwab and you understand the requirements and risks associated with

margin borrowing as summarized in the Margin Disclosure Statement included with this Application.

For purposes of this Account Application and the attached Application Agreement, the terms “I,” “me,” “my,” “you,” “your,” and “Account Holder” refer to

each person who signs this Account Application and apply with respect to both a person’s individual capacity and any applicable representative or

ﬁ duciary capacity when such a person is acting on behalf of a legal owner of assets in the account. When the legal owner of assets in the account is not

a natural person, the terms “you,” “your,” and “Account Holder” also refer to such legal owner. The terms “we,” “us,” “our,” and “Schwab” refer to Charles

Schwab & Co., Inc. All Trustees must sign and date this Application even if the Trustees will not conduct business in the account. Your signature(s)

below will also serve as a signature card for checks and Visa® debit cards. If there are more than two Trustees, please make a photocopy of Sections

12, 14, and 15 to be completed in full with attached notarizations.

Page 11 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |

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

I certify, under penalty of perjury, that (1)the number shown on this Application is the correct Taxpayer Identi cation Number for this Trust account;

(2)the Trust is not subject to backup withholding because (a)the Trust is exempt from backup withholding, or (b)the Trust is not subject to backup

withholding due to a failure to report interest and dividend income; (3)the Trust is a U.S. person (a domestic trust as de ned in federal regulations

section 301.7701-7); and (4)the Trust is exempt from Foreign Account Tax Compliance Act (FATCA) reporting. I understand that if I have been noti ed

by the IRS that the Trust is subject to backup withholding as a result of dividend or interest underreporting and I have not received a notice from the

IRS advising me that backup withholding is terminated, I must cross out item 2 above.

The Internal Revenue Service does not require your consent to any

provision of this document other than the certi cation required to avoid

backup withholding.

The Agreement with Schwab includes a predispute arbitration clause.

I acknowledge receipt of the predispute arbitration clause contained

in the Required Arbitration Disclosures and Arbitration Agreement

sections, on pages 2–3 of the attached Schwab One Trust Account

Application Agreement.

______________________________________________________________________________________________________ Date _______________________

Signature: Trustee

Print Name (mm/dd/yyyy)

______________________________________________________________________________________________________ Date _______________________

Signature: Co-Trustee

Print Name (mm/dd/yyyy)

15. Notarization of Trustee Signature(s)

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

(NOTARY SEAL)

Certi cate of Acknowledgment of Notary Public*

State of ________________________________________, in the County of ___________________________________________. On ______________________,

(mm/dd/yyyy)

the above-named individual(s) personally appeared before me and proved to me on the basis of satisfactory evidence to be the person(s) whose name(s)

is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and

that by his/her/their signature(s) on the instrument, the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY that the foregoing paragraph is true and correct.

______________________________________________________________________ ___________________________

Notary Signature Today’s Date (mm/dd/yyyy)

______________________________________________________________________ ___________________________

Print Notary Name My Commission Expires (mm/dd/yyyy)

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

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.

Notice to CA Residents: A notary public or other ofﬁ cer completing this certiﬁ cate veriﬁ es only the identity of the individual(s) who signed the document

to which this certiﬁ cate is attached, and not the truthfulness, accuracy, or validity of that document.

14. Authorization to Open Account (Continued)

COM31873-20

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

suitable for you. Your obligation includes an

afﬁ rmative duty to monitor proﬁ ts and stay

informed about your account and your invest-

ments and respond to changes as you deem

appropriate.

Unless Schwab otherwise agrees with you in

writing, Schwab does not have any discretionary

authority or obligation to review or make

recommendations for the investment of

securities or cash in your account.

You acknowledge that Schwab does not provide

tax or legal advice.

Section 6: Payment of Indebtedness. You agree

to make payment of any indebtedness related to

your account, including, but not limited to, any

such indebtedness that results from instructions

provided to Schwab by you, your agent or any

attorney-in-fact under a Power of Attorney or by an

Investment Advisor authorized to make transac-

tions in your account. We may elect anytime, with

or without notice, to make any debit balance or

other obligation related to your account immedi-

ately due and payable. We may report any

past-due account to a consumer and/or securities

credit reporting agency. We may also refer your

account to a collection agency.

Section 7: Granting a Lien on Your Accounts.

As security for the repayment of all present or

future indebtedness owed to us by each Account

Holder, each Account Holder grants to us a ﬁ rst,

perfected and prior lien on; a continuing security

interest in; and a right of set-off with respect to

all property that is, now or in the future, held,

carried or maintained for any purpose in or

through Schwab, and, to the extent of such

Account Holder’s interest in or through, any

present or future account with us or our

afﬁ liates in which the Account Holder has an

interest. In the event of a breach or default by

you under this Agreement, Schwab will have the

rights and remedies available to a secured credi-

tor under all applicable laws in addition to the

rights and remedies provided in this Agreement.

Section 8: Liquidations. Whenever it is

necessary for our protection or to satisfy a

margin deﬁ ciency, debit or other obligation owed

us, we may (but are not required to) sell, assign

and deliver all or any part of the property

securing your obligations, or close any or all

transactions in your account. We may choose

which property to buy or sell, which transactions

to close and the sequence and timing of

liquidation. We may take such actions on

whatever exchange or market and in whatever

manner (including public auction or private sale)

that we choose in the exercise of our business

judgment. You agree not to hold us liable for the

choice of which property to buy or sell, or which

transactions to close, or for the timing or

manner of liquidation.

In certain circumstances we may, at our sole

discretion, liquidate your entire margin loan

balance to satisfy a margin call. You agree not

to hold us liable for taking such action.

We may transfer property from any non-retirement

brokerage account in which you have an interest

to any other brokerage accounts in which you

have an interest, regardless of whether there

are other account holders on either account,

if we determine that your obligations are not

adequately secured or to satisfy a margin

deﬁ ciency or other obligation. You agree to

pay on demand any account deﬁ ciencies after

liquidation, whether liquidation is complete

or partial.

All of the above may be done without demand

for margin or notice of purchase, sale, transfer

or cancellation to you. No demand for margin or

notice shall impose on Schwab any obligation to

make such demand or provide such notice to

you in the future. Any such notice or demand is

hereby expressly waived, and no speciﬁ c

demand or notice shall invalidate this waiver.

Section 9: Interest on Debit Balances. We will

charge and compound interest on your debit

balances (whether in a Margin or Cash Account)

according to our Disclosure of Credit Terms and

Policies.

Section 10: Borrowing Money and Using

Margin. All margin transactions are subject to

our Disclosure of Credit Terms and Policies and

our Margin Borrowing at Schwab: Overview and

Disclosure Statement. You agree not to enter an

order for a margin transaction until you have

read and understood the Disclosure of Credit

Terms and Policies and the “Overview and

Disclosure Statement.”

Section 11: Loan Consent. You agree that

property held in your Margin Account, now or in

the future, may be borrowed (either separately

or together with the property of others) by us

(acting as principal) or by others. You agree that

Schwab may receive and retain certain beneﬁ ts

(including, but not limited to, interest on collateral

posted for such loans) to which you will not be

entitled. You acknowledge that, in certain

circumstances, such borrowings could limit your

ability to exercise voting rights or receive

dividends, in whole or in part, with respect to

the property lent. You understand that for

property that is lent by Schwab, the dividends

paid on such property will go to the borrower. No

compensation or other reimbursements will be

due to you in connection with such borrowings.

However, if you are allocated a substitute

payment in lieu of dividends, you understand

that such a payment may not be entitled to the

Page 1 of 3

Schwab One

Trust Account Application Agreement

for Trusts Domiciled in the United States

same tax treatment as may have been applied

to the receipt of a dividend. You agree that

Schwab is not required to compensate you for

any differential tax treatment between dividends

and payments in lieu of dividends. Schwab may

allocate payments in lieu of dividends by any

mechanism permitted by law, including by using

a lottery allocation system.

Section 12: Using the Check & Visa® Platinum

Debit Card Features. If you have requested

check or Visa Debit Card feature through your

account, you authorize checks and Visa Debit

Cards to be issued as indicated in your Account

Application. You agree that each Account Holder

is authorized to write checks and engage in Visa

Debit Card transactions, and you understand

that if the checking feature is terminated, your

Visa Debit Card will be automatically cancelled.

Section 13: Linking Your Account to a Schwab

Bank High Yield Investor Checking® Trust

Account at Schwab Bank. If you link your

account to a High Yield Investor Checking Trust

account held at Schwab Bank, you authorize

Schwab to accept and follow instructions

received from Schwab Bank to transfer funds

from your account to your High Yield Investor

Checking Trust account as set forth in your

Schwab Bank High Yield Investor Checking

Account Application and Schwab Bank Deposit

Account Agreement. The provisions of the

Agreement and Disclosures relating to checks

and debit cards will not apply to the services

received from Schwab Bank.

You authorize Schwab to act as your agent in

processing those instructions from Schwab

Bank. You understand and agree that Schwab

has sole discretion to accept or deny, in whole

or in part, any such instruction. You also agree

that Schwab is not responsible for any errors in

calculation or damages resulting from errors in

calculations or delays in transfers. In no event

will Schwab be liable for any special, indirect or

consequential damages, even if we have been

informed of the possibility of such damages.

You authorize Schwab to act upon your requests

for Real-Time Funds Transfers (as deﬁ ned in the

Schwab Bank Deposit Account Agreement) from

Schwab Bank. The maximum amount you may

transfer will be calculated the same way

Schwab calculates the Authorization Limit for

brokerage checkwriting privileges as set forth in

the Schwab One Account Agreement. By

requesting a Real-Time Funds Transfer, you

understand that you may create a margin loan

in your brokerage account that may be subject

to daily interest charges.

In order for transfers to occur, both your High

Yield Investor Checking Trust account and your

account must be open and active and linked

with each other. Target Balance Transfers will be

limited to your Authorization Limit (as described

in the Schwab One Account Agreement),

excluding your Available Margin Loan Value (as

deﬁ ned in the Schwab One Account Agreement).

Overdraft Transfers will be limited to your

Authorization Limit.

If you have a debit balance in your account,

Target Balance Transfers will not be made to

your High Yield Investor Checking Trust account.

Pending securities trades (including the

Automatic Investment Plan [AIP]), pending

debits to your account, and pending transfers of

funds from your account may not be considered

in determining whether funds are available for

transfer from your account to your High Yield

Investor Checking Trust account at Schwab

Bank.

Further, transfers of funds from your account

are subject to Schwab’s minimum deposit

requirements. You and your account may not

have any restrictions preventing Schwab from

using funds in your account to satisfy a transfer

instruction from Schwab Bank. If your account

becomes subject to a restriction, your eligibility

for this feature may be revoked and you

understand that Schwab Bank may close your

High Yield Investor Checking Trust account.

Transfers to Schwab Bank may result in debits

in your account. You acknowledge that you are

responsible for all debits (and interest on debits)

in your account, as described in further detail in

the Agreement and Disclosures. Your account

remains an obligation solely of Schwab. Likewise,

your High Yield Investor Checking Trust account

remains an obligation solely of Schwab Bank.

Section 14: Veriﬁ cation. You authorize Schwab

to inquire from any source, including a consumer

reporting agency, as to your identity (as required

by federal law), creditworthiness and ongoing

eligibility for the account (and that of your

spouse, if you live in a community property

state) at account opening, at any time through-

out the life of the account, and thereafter for

debt collection or investigative purposes.

Section 15: Required Arbitration Disclosures.

Regulatory authorities require that any brokerage

agreement containing a predispute arbitration

agreement must disclose that this agreement

contains a predispute arbitration clause. This

Agreement contains a predispute arbitration

clause. By signing an arbitration agreement, the

parties agree as follows:

• All parties to this Agreement are giving up the

right to sue each other in court, including the

right to a trial by jury, except as provided by the

rules of the arbitration forum in which a claim

i s  l e d .

• Arbitration awards are generally  nal and

binding; a party’s ability to have a court reverse

or modify an arbitration award is very limited.

• The ability of the parties to obtain documents,

witness statements and other discovery is

generally more limited in arbitration than in

court proceedings.

• The arbitrators do not have to explain the

reason(s) for their award unless, in an eligible

case, a joint request for an explained decision

has been submitted by all parties to the panel

at least 20 days prior to the  rst scheduled

hearing date.

• The panel of arbitrators will typically include

a minority of arbitrators who were or are

af liated with the securities industry.

• The rules of some arbitration forums may

impose time limits for bringing a claim in

arbitration. In some cases, a claim that is

ineligible for arbitration may be brought

in court.

• The rules of the arbitration forum in which the

claim is  led, and any amendments thereto,

shall be incorporated into this Agreement.

No person shall bring a putative or certi ed

class action to arbitration, nor seek to enforce

any predispute arbitration agreement against

any person who has initiated in court a putative

class action; or who is a member of a putative

class who has not opted out of the class with

respect to any claims encompassed by the

putative class action until:

1. the class certi cation is denied;

2. the class is decerti ed; or

3. the customer is excluded from the class

by the court.

Such forbearance to enforce an agreement to

arbitrate shall not constitute a waiver of any

rights under this Agreement except to the extent

stated herein.

Section 16: Arbitration Agreement. Any

controversy or claim arising out of or relating to

(i)this Agreement, any other agreement with

Schwab, an instruction or authorization provided

to Schwab or the breach of any such agree-

ments, instructions, or authorizations; (ii)the

Account, any other Schwab account or Services;

(iii)transactions in the Account or any other

Schwab account; (iv)or in any way arising from

the relationship with Schwab, its parent,

subsidiaries, af liates, of cers, directors,

employees, agents or service providers (“Related

Third Parties”), including any controversy over the

arbitrability of a dispute, will be settled by

arbitration.

This arbitration agreement will be binding upon

and inure to the bene t of the parties hereto and

their respective representatives, attorneys-in-fact,

heirs, successors, assigns and any other persons

having or claiming to have a legal or bene cial

interest in the Account, including court-appointed

trustees and receivers. This arbitration agree-

ment will also inure to the bene t of third-party

service providers that assist Schwab in providing

Services (“Third-Party Service Providers”) and

such Third-Party Service Providers are deemed

to be third-party bene ciaries of this arbitration

agreement.

The parties agree that this arbitration agreement

will apply even if the application to open the

Account is denied and will survive the closure of

your Account and/or the termination of services

rendered under this Agreement.

Such arbitration will be conducted by, and

according to the securities arbitration rules

and regulations then in effect of, the Financial

Industry Regulatory Authority (FINRA) or any

national securities exchange that provides a

forum for the arbitration of disputes, provided

that Schwab is a member of such national

securities exchange at the time the arbitration

is initiated. Any party may initiate arbitration by

 ling a written claim with FINRA or such eligible

national securities exchange. If arbitration before

FINRA or an eligible national securities exchange

is unavailable or impossible for any reason,

then such arbitration will be conducted by, and

according to the rules and regulations then in

effect of, the American Arbitration Association

(AAA). If arbitration before the AAA is unavail-

able or impossible for any reason, the parties

agree to have a court of competent jurisdiction

appoint three (3) arbitrators to resolve any and

all disputes or controversies between or among

the parties. Each party shall bear its own initial

Page 2 of 3

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

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

COM31873-20

Member FDIC. Equal Housing Lender.

CC1195435 (0717-7V5V) APP31826-13 (08/17)

APP31826-13

=01*

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 Identiﬁ cation 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 insufﬁ cient funds.* To discontinue this feature,

please contact a Schwab representative after your account is open.

*Overdraft protection using margin sources may create a margin loan in your brokerage account that may be subject to daily interest charges, margin

calls, or potential liquidation of securities. Refer to your Schwab Bank Deposit Agreement and your Schwab One Account Agreement for details.

FOR CHARLES SCHWAB USE ONLY:

High Yield Investor Checking

Trust Account Number

Page 1 of 3

Schwab Bank High Yield Investor Checking

Trust Account Application

CLEAR

COM31873-20

Member FDIC. Equal Housing Lender.

CC1195435 (0717-7V5V) APP31826-13 (08/17)

APP31826-13

=02*

Page 2 of 3

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);

for California residents only; (d) the Schwab

Bank Deposit Account Pricing Guide; and (e)

the Regulation E—Electronic Funds Transfer

Disclosure that is included as part of the

Schwab One Trust Account Application; I

acknowledge that Schwab Bank advises

me to read all documents and disclosures

Schwab Bank provides me prior to opening

or using my account;

(3) acknowledge that if the application is

approved, each Trustee will receive a Visa

Platinum Debit Card once the account is

opened and the Visa Debit Card Agreement,

which contains the terms and conditions

that apply to this card;

(4) acknowledge that, unless I speciﬁ cally stated

otherwise, I will be enrolled in the Schwab

Bank Bill Pay service;

(5) acknowledge that this High Yield Investor

Checking Trust account is linked with a

Schwab One Trust account maintained at

Charles Schwab & Co., Inc., a registered

broker-dealer, and I authorize Charles

Schwab & Co., Inc. to follow the instructions

set forth in this application, if applicable;

(6) authorize the Bank to initiate a one-time

debit entry (or credit entry in case of error)

to the institution and account speciﬁ ed by

the attached voided check or savings

account deposit slip, electronically or by

other commercially accepted method, to

initially fund the High Yield Investor Checking

Trust account; I certify that the information

provided on the voided check or savings

account deposit slip is correct and that I am

authorized to transfer funds from the

speciﬁ ed account;

(7) authorize the Bank to inquire from any

source, including a consumer reporting

agency, as to the identity (as required by

federal law), creditworthiness, and ongoing

eligibility for the account and other information

at account opening, at any time throughout

the life of the account, and thereafter, for

debt collection or investigative purposes,

of all Trustees and of the Trust itself; Schwab

Bank does not consider your marital status

when processing your application;

(8) certify that the information provided in this

application is true and complete and that

the Bank is authorized to open and maintain

the High Yield Investor Checking Trust

account on behalf of the Trust identiﬁ ed in

this application (the “Trust”) in accordance

with the account agreements applicable to

the High Yield Investor Checking Trust

account, including, without limitation, the

authority to accept, hold, and deliver assets

belonging to the Trust, as well as to accept

orders and other instructions relating to the

Trust from the Trustees;

(9) represent, warrant, and certify that the Trust

expressly grants me the power to perform

various functions in association with the

High Yield Investor Checking Trust account,

including, but not limited to, (a) opening

bank accounts, (b) writing checks and

otherwise withdrawing or transferring funds

out of the account, (c) viewing bank account

information, and (d) any other activity

authorized by the Trust and the bank

account agreements;

(10) represent, warrant, and certify that either

(a) the Trust expressly authorizes that each

Trustee, if more than one, is authorized to

act individually, independently, and without

the consent of the other Trustees; or (b) the

Trustees have consented to each Trustee

acting individually, independently, and

without the consent of the other Trustees

with respect to the High Yield Investor

Checking Trust account and that such

delegation of authority is expressly

authorized by the Trust and applicable law;

I agree that any notice sent to one Trustee

will constitute notice to all Trustees;

(11) acknowledge that the Bank, in its sole

discretion and for its sole protection, may

require the written consent of any or all

Trustees prior to acting upon the

instructions of any Trustee;

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

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

Card will be sent upon account opening.

Make a one-time electronic funds transfer (“ACH Transfer”) of $__________________ (maximum $100,000) from your checking or savings account at

another ﬁ nancial institution. The names of the owners of the account at the other ﬁ nancial institution must be the same as those on your High Yield

Investor Checking Trust account. Be sure to attach an original, preprinted, voided check with your name and address displayed on the check or a

preprinted savings account deposit slip if you select this option.

Make a one-time transfer of $__________________ from your linked Schwab One® Trust account. We recommend selecting this option only if you have

chosen to fund your Schwab One Trust account via check or money order, due to the additional time required to complete the transfer process.

Deposit funds using the Schwab Mobile application. Download the Schwab Mobile app and apply for Schwab Mobile Deposit

. (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.

COM31873-20

Member FDIC. Equal Housing Lender.

CC1195435 (0717-7V5V) APP31826-13 (08/17)

APP31826-13

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Page 3 of 3

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

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, modiﬁ ed, or

amended in any manner which would cause

the representations contained in this

agreement to be incorrect;

(14) agree to notify the Bank immediately in

writing of any change that would cause any

representation contained in this agreement

to become incorrect or incomplete;

(15) agree, jointly and severally, in both personal

and representative capacities, to indemnify

the Bank and its afﬁ liates, ofﬁ cers,

directors, employees, and agents from, and

hold such persons harmless against, any

claims, judgments, surcharges, settlements,

or other liabilities or costs of defense or

settlement (including investigative and

attorneys’ fees) arising out of or related to

any act, or omission to act, by the Trustee(s)

with respect to the High Yield Investor

Checking Trust account;

(16) acknowledge and agree that the represen-

tations included in the Trustee Certiﬁ cation

that is included as part of the Schwab One®

Trust Account Application are made to

both Charles Schwab & Co., Inc. and

Schwab Bank;

(17) acknowledge that the representations

and obligations stated in this application

and agreement will survive the termination

of the High Yield Investor Checking

Trust account;

(18) represent, warrant, and certify that all

Trustees and beneﬁ ciaries are individuals

and not organizations, corporations, or

other non-individual entities; and

(19) understand if no activity occurs in the

account within the time period speciﬁ ed

by applicable state law, the account may

be transferred to the appropriate state.

COM31873-20

(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);

for California residents only; (d) the Schwab

Bank Deposit Account Pricing Guide; and (e)

the Regulation E—Electronic Funds Transfer

Disclosure that is included as part of the

Schwab One® Trust Account Application; I

acknowledge that Schwab Bank advises

me to read all documents and disclosures

Schwab Bank provides me prior to opening

or using my account;

(3) acknowledge that if the application is

approved, each Trustee will receive a Visa®

Platinum Debit Card once the account is

opened and the Visa Debit Card Agreement,

which contains the terms and conditions

that apply to this card;

(4) acknowledge that, unless I speciﬁ cally stated

otherwise, I will be enrolled in the Schwab

Bank Bill Pay service;

(5) acknowledge that this High Yield Investor

Checking Trust account is linked with a

Schwab One Trust account maintained at

Charles Schwab & Co., Inc., a registered

broker-dealer, and I authorize Charles

Schwab & Co., Inc. to follow the instructions

set forth in this application, if applicable;

(6) authorize the Bank to initiate a one-time

debit entry (or credit entry in case of error)

to the institution and account speciﬁ ed by

the attached voided check or savings

account deposit slip, electronically or by

other commercially accepted method, to

initially fund the High Yield Investor Checking

Trust account; I certify that the information

provided on the voided check or savings

account deposit slip is correct and that I am

authorized to transfer funds from the

speciﬁ ed account;

(7) authorize the Bank to inquire from any

source, including a consumer reporting

agency, as to the identity (as required by

federal law), creditworthiness, and ongoing

eligibility for the account and other information

at account opening, at any time throughout

the life of the account, and thereafter, for

debt collection or investigative purposes,

of all Trustees and of the Trust itself; Schwab

Bank does not consider your marital status

when processing your application;

(8) certify that the information provided in this

application is true and complete and that

the Bank is authorized to open and maintain

the High Yield Investor Checking Trust

account on behalf of the Trust identiﬁ ed in

this application (the “Trust”) in accordance

with the account agreements applicable to

the High Yield Investor Checking Trust

account, including, without limitation, the

authority to accept, hold, and deliver assets

belonging to the Trust, as well as to accept

orders and other instructions relating to the

Trust from the Trustees;

(9) represent, warrant, and certify that the Trust

expressly grants me the power to perform

various functions in association with the

High Yield Investor Checking Trust account,

including, but not limited to, (a) opening

bank accounts, (b) writing checks and

otherwise withdrawing or transferring funds

out of the account, (c) viewing bank account

information, and (d) any other activity

authorized by the Trust and the bank

account agreements;

(10) represent, warrant, and certify that either

(a) the Trust expressly authorizes that each

Trustee, if more than one, is authorized to

act individually, independently, and without

the consent of the other Trustees; or (b) the

Trustees have consented to each Trustee

acting individually, independently, and

without the consent of the other Trustees

with respect to the High Yield Investor

Checking Trust account and that such

delegation of authority is expressly

authorized by the Trust and applicable law;

I agree that any notice sent to one Trustee

will constitute notice to all Trustees;

(11) acknowledge that the Bank, in its sole

discretion and for its sole protection, may

require the written consent of any or all

Trustees prior to acting upon the instruc-

tions of any Trustee;

(12) represent, warrant, and certify that neither

I nor the Trust impose any obligation upon

the Bank for determining the purpose or

suitability (a) of any instructions received

from any Trustee or (b) of payments or

deliveries to or among Trustees;

(13) represent, warrant, and certify that there are

no other currently acting Trustee(s) of the

Trust other than those signing this agree-

ment; should only one person execute this

agreement, it is a representation that the

signer is the sole current acting Trustee; I

further represent, warrant, and certify that

the Trust has not been revoked, modiﬁ ed, or

amended in any manner which would cause

the representations contained in this

agreement to be incorrect;

(14) agree to notify the Bank immediately in

writing of any change that would cause any

representation contained in this agreement

to become incorrect or incomplete;

(15) agree, jointly and severally, in both personal

and representative capacities, to indemnify

the Bank and its afﬁ liates, ofﬁ cers,

directors, employees, and agents from, and

hold such persons harmless against, any

claims, judgments, surcharges, settlements,

or other liabilities or costs of defense or

settlement (including investigative and

attorneys’ fees) arising out of or related to

any act, or omission to act, by the Trustee(s)

with respect to the High Yield Investor

Checking Trust account;

(16) acknowledge and agree that the represen-

tations included in the Trustee Certiﬁ ca-

tion that is included as part of the Schwab

One Trust Account Application are made to

both Charles Schwab & Co., Inc. and

Schwab Bank;

(17) acknowledge that the representations

and obligations stated in this application

and agreement will survive the termination

of the High Yield Investor Checking

Trust account;

(18) represent, warrant, and certify that all

Trustees and beneﬁ ciaries are individuals

and not organizations, corporations, or

other non-individual entities; and

(19) understand if no activity occurs in the

account within the time period speciﬁ ed

by applicable state law, the account may

be transferred to the appropriate state.

These terms relate to your account and are part of the Schwab Bank Deposit Account Agreement between each account

holder and Charles Schwab Bank (“the Bank”). Please read and retain for your  les.

This agreement is between the Bank and the account holder (the Trust listed on this application) for a High Yield Investor Checking Trust account, as

agreed to by the Trustee(s). “I,” “me,” and “my” refer to each Trustee. I:

00195447

Schwab Bank High Yield Investor Checking

Trust Account Application Agreement

COM31873-20

Item #

REG55434-05.indd

Job #

Page #

CC0012354

1 of 1

Spellcheck: Yes

Color Seps: No

Fold Dummy: No

Round

Last

Modiﬁ ed

6-5-2015 12:26 PM

TEAM

Studio

Prev. Studio

Fiorenza, Mark

Jorgensen, Doreen

SETUP

Bleed

None

CONTENT

Placed Graphics Inks

LOG-CSRtlPrf-BLK.eps (10.71%)

LOG-CSPrf-Bnk-55K.eps (10.8%)

Black

Trafﬁ c Mgr.

Maribeth McLaren

Trim

8.5” x 11”

Art Director

Live

None

Acct. Mgr.

Maribeth McLaren

Fonts

Charles Modern (Condensed Regu-

lar, Light, Regular, Bold; True Type)

Graphics

DETAILS

Job Type

PDF Only

Mech Scale

100%

Output Size

None

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 (“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

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

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 and

• the dollar amount of the suspected error.

If you tell us orally, we may require that you send us your complaint or

question in writing within 10 business days.

We will determine whether an error occurred within 10 business days after

we hear from you and will correct any error promptly. If we need more

time, however, we may take up to 45 days to investigate your complaint

or question. If we decide to do this, we will credit your account within 10

business days for the amount you think is in error, so that you will have the

use of the money during the time it takes us to complete our investigation.

If we ask you to put your complaint or question in writing and we do not

receive it within 10 business days, we may not credit your account.

For errors involving new accounts, point-of-sale or foreign-initiated

transactions, we may take up to 90 days to investigate your complaint

or question. For new accounts, we may take up to 20 business days to

credit your account for the amount you think is in error.

We will tell you the results within three business days after completing

our investigation. If we decide that there was no error, we will send you a

written explanation.

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

00142720

COM31873-20

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 may require you to provide additional funds to

Schwab in order to avoid the forced sale of those securities or other

securities in your account.

Your downside is not limited to the collateral value in your margin

account. When you buy securities on margin, you are borrowing money

from Schwab for part of your transactions. Securities and other assets

in your Schwab account(s) are pledged as collateral to secure this

loan. These margin transactions are riskier and involve the possibility

of greater loss than transactions where you are not borrowing money.

If the securities in your account decline in value, so does the value of

the collateral supporting your loan. When the value of the collateral

falls below the maintenance margin requirements, or Schwab’s higher

“house” requirements, Schwab can move to protect its position. In

order to cover margin deﬁ ciencies, Schwab may issue you a margin

call—a request for additional cash—or sell securities from your account.

If a sale does not cover the deﬁ ciency, you will be responsible for

any shortfall.

Schwab may initiate the sale of any securities in your account, without

contacting you, to meet a margin call. Schwab will attempt to involve

you in the case of margin deﬁ ciency; however, market conditions may

require the ﬁ rm to quickly sell any of your securities without your consent.

Because the securities are collateral for the margin loan, Schwab has the

right to decide which security to sell in order to protect its interests. Even

if Schwab has contacted you and provided a speciﬁ c date by which you

can meet a margin call, the ﬁ rm can still take necessary steps to protect

its ﬁ nancial interests, including immediately selling the securities without

prior notice to you.

Schwab’s “house” initial and maintenance margin requirements may

exceed those established by the Federal Reserve Board and/or the

Financial Industry Regulatory Authority, Inc. Please call Schwab for

current margin requirements.

Schwab may change its initial margin requirements at any time and

without prior notice. We may also impose anytime and without prior

notice more stringent requirements on positions that in our sole

discretion involve higher levels of risk; for example, higher limits

may apply for thinly traded, speculative or volatile securities, or

concentrated positions of securities.

Schwab may increase its “house” maintenance margin requirements

at any time and is not required to provide you with advance written

notice. Changes in Schwab’s policy regarding “house” maintenance

margin requirements often take effect immediately and may result in

the issuance of a maintenance margin call. Your failure to satisfy the

call may cause Schwab to liquidate or sell securities in your account.

Schwab retains absolute discretion to determine whether, when and in

what amounts we will require additional collateral. For example, we may

require additional collateral if an account contains only one security or

a large concentration of one or more securities; or low-priced, thinly

traded or volatile securities; or if some of your collateral is or becomes

restricted or non-negotiable or non-marginable. We may also consider

market conditions, your ﬁ nancial resources, or other factors deemed by

us to be relevant given the circumstances at the time.

You are not entitled to an extension of time on a margin call. While

an extension of time to meet margin requirements may be available to

customers under certain conditions, a customer does not have a right

to the extension.

Some accounts that carry a margin loan balance and hold dividend-

paying securities may receive a “substitute income payment in lieu of

a dividend” (PIL). This payment may be taxable as ordinary income.

Taxable accounts that receive a PIL instead of a qualiﬁ ed dividend may

also receive a supplemental credit from Schwab. This will be identiﬁ ed

on customer statements as a “Schwab substitute income credit.”

However, when Schwab can identify that a dividend is nonqualiﬁ ed,

we will not credit your account with this additional payment.

• This credit is NOT “payment in lieu,” and is unrelated to any payment

from either the security issuer or the borrower.

• It is a discretionary credit from Schwab which may be discontinued

in the future with or without notice.*

• It may be subject to tax at your ordinary income tax rate. Please

consult your tax advisor about your speciﬁ c tax situation.

• Because individual tax situations differ, Schwab cannot precisely

calculate the additional tax costs a client might incur. Therefore,

we do not intend, nor should clients expect, for this payment to be

an exact reimbursement of any excess tax cost.

*Please refer to the “Loan Consent” section of your Account Agreement

which states that no compensation is due in connection with such loans

and that Schwab “is not required to compensate you for any diff</

Fill Online, Printable, Fillable, Blank Instructions to Open or Update a Schwab One (Charles Schwab) Form

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Fillable Instructions to Open or Update a Schwab One (Charles Schwab)

Fill Online, Printable, Fillable, Blank Instructions to Open or Update a Schwab One (Charles Schwab) Form

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