Fillable Self-Directed Estate MerrillEdge Cash Management Account (Merrill Lynch)

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Self-Directed Estate MerrillEdge Cash Management Account (Merrill Lynch)

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MerrillLynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided

by companies that are affiliates of BankofAmerica Corporation (“BofACorp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned

subsidiary of BofACorp.

MerrillEdge® Self-Directed is available through MLPF&S.

Investment products:

MerrillEdge

Self-Directed Estate

Cash Management Account

(CMA

Account)

Account Application Booklet and Agreements

Return your completed application form along with the additional documents.

You may return via standard or express delivery or via fax.

By Standard Mail:

Merrill

New Account Support

MSC NJ2-140 -02-15

P.O. Box 1501

Pennington, NJ 08534

By Express Delivery:

Merrill

New Account Support

MSC NJ2-140 -02-15

1400 American Boulevard

Pennington, NJ 08534

By Fax:

New Account Support

866.214.1649

Thank you for your interest in a MerrillEdge® Self-Directed Estate Cash Management Account®. An investment account for

estates that lets you trade and research mutual funds, stocks, fixed income and other securities.

Only U.S. residents and U.S.-based estates can apply for a MerrillEdge Self-Directed investing account.

To avoid delays in establishing your account, please be sure to:

Review the application to make sure all required fields/questions have been completed/answered.

Sign and date application (all executors/administrators must sign).

Include the following documentation with your application:

• Letters of Testamentary/Letters of Appointment

• Affidavit of Domicile

• Death Certificate

• Tax waiver may be required in some states

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Page 2 | MerrillEdge Self-Directed CMA — Estate Account Application 471905PM–1121

MerrillEdge

Self-Directed Estate

Cash Management Account

(CMA

Account)

Customer Information and Due Diligence

Merrill, like all U.S. financial institutions, is required to follow federal regulations to assist the government in its efforts to fight money laundering and other financial crimes, and to

counter terrorist financing efforts in the U.S. and globally. Merrillobtains specific personal information from you in order to verify your identity, and you may be required to present

documentary evidence of your identity in the form of government-issued identification. Merrill also uses third-party vendors to verify customer information. Foreign nationals who

are permanent legal residents of the U.S. may be required to present a Permanent Resident Card (i.e., “green card”) and a Social Security number to open an account in a U.S.-based

Merrilloffice. Non-individuals (e.g., a business, trust or estate) must submit sufficient evidence of legal status.

In addition to verifying the identity of our customers, Merrill captures personal information on all customers and related authorized parties who have the ability to transact, control,

influence or managean account, whether directly or indirectly. Merrill, at its discretion, may elect not to accept an account or to terminate the account agreement and the account

agreements of any related parties.

Instructions

Please provide/complete the following:

• Tell us about the Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

• Estate Executor/Administrator Information . . . . . . . . . . . . . . . . . 3–5

• Additional Estate Executor/Administrator Information . . . . . . . 6–7

• Banking Features . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

• Tax Certification and Acknowledgment. . . . . . . . . . . . . . . . . . . . . . . 8

Additional Required Documents

• Letters of Testamentary/Letters of Appointment

• Affidavit of Domicile (enclosed)

• Tax waiver may be required in some states

• Death Certificate

Depending on services requested, or if a non-U.S. client, additional

documents may be required.

Table of Contents

Account Application

I. Tell us about the Estate. . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Estate Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Estate Address. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Decedent’s Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Other Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

II. Estate Executor/Administrator Information. . . . . . . . 3–5

Personal Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Residential Address. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Mailing Address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Citizenship. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Employment Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Investment Experience. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Affiliation Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

III. Additional Estate Executor/Administrator

Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6–7

Personal Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Residential Address. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Mailing Address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Citizenship. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Employment Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Investment Experience. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Affiliation Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

IV. Banking Features . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Check Writing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

V. Tax Certification and Acknowledgment . . . . . . . . . . . . . 8

Agreements and Disclosures

• MerrillEdge Self-Directed Investing Client

RelationshipAgreement

• MerrillEdge Self-Directed Investing Terms of Service

• MerrillEdge Self-Directed Investing Cash Management

AccountAgreement

• MerrillEdge Self-Directed Investing Cash Management

AccountProgram Description

• Bank Deposit Account Fact Sheet

• Margin Lending Program Client Agreement

All of which are incorporated herein by reference, as applicable.

Under penalties of perjury, I certify: 1. that the taxpayer identification number I have shown on this form is the correct taxpayer identification

number (or I am waiting for a number to be issued to me), and 2. that I am not subject to backup withholding because (a) I am exempt from backup

withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to

report all interest and dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, and 3. that I am a U.S. person

(including a U.S. resident alien), and 4. The Foreign Account Tax Compliance Act (FATCA) code entered on this form (if any) indicating that I am

exempt from FATCA reporting is correct. You must cross out item (2.) above if you have been notified by the IRS that you are subject to backup

withholding because you have failed to report all interest and dividends on your tax return.

BY SIGNING BELOW, I AGREE TO THE MERRILLEDGE SELF DIRECTED CASH MANAGEMENT ACCOUNT DISCLOSURES AND ACCOUNT

AGREEMENT, THE TERMS OF THE MERRILLEDGE SELF-DIRECTED INVESTING CLIENT RELATIONSHIP AGREEMENT AND MERRILLEDGE SELF-

DIRECTED INVESTING TERMS OF SERVICE AND:

1. THAT, IN ACCORDANCE WITH SECTION 12, PAGE 5 OF THE MERRILLEDGE SELF-DIRECTED INVESTING CLIENT RELATIONSHIP AGREEMENT, I

AM AGREEING IN ADVANCE TO ARBITRATE ALL CONTROVERSIES THAT MAY ARISE BETWEEN ME AND MERRILL;

2. THAT I HEREBY ACKNOWLEDGE THAT I AM OF LEGAL AGE UNDER THE LAWS OF MY PLACE OF RESIDENCE; AND

3. THAT I ACKNOWLEDGE AND UNDERSTAND THAT NON-DEPOSIT INVESTMENT PRODUCTS ARE PROVIDED BY MERRILLLYNCH, PIERCE,

FENNER & SMITH INCORPORATED (“MLPF&S”), A REGISTERED BROKER-DEALER AND WHOLLY OWNED SUBSIDIARY OF BANKOFAMERICA

CORPORATION, AND THAT INVESTMENT PRODUCTS OFFERED THROUGH MLPF&S AND INSURANCE AND ANNUITY PRODUCTS OFFERED

THROUGH ITS SUBSIDIARY, MERRILLLYNCH LIFE AGENCY INC. (I) ARE NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY,

(II) ARE NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, ISSUED OR UNDERWRITTEN BY BANKOFAMERICA, N.A. OR ANY

OF ITS BANK AFFILIATES, (III) ARE SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED,

AND (IV) ARE NOT ACONDITION TO ANY BANKING SERVICE ORACTIVITY;

4. THAT I AFFIRMATIVELY CONSENT TO HAVING MY AVAILABLE CASH BALANCES DEPOSITED OR INVESTED THROUGH THE SWEEP PROGRAM,

IN ACCORDANCE WITH SECTION 14 OF THE MERRILLEDGE SELF-DIRECTED INVESTING CLIENT RELATIONSHIP AGREEMENT AND THAT I

UNDERSTAND THAT I MAY DISCUSS WITH THE INVESTMENT CENTER OTHER OPTIONS THAT ARE AVAILABLE FOR ME TO INVEST CASH,

INCLUDING OTHER CASH MANAGEMENT PRODUCTS.; AND

5. VERMONT LAW REQUIRES THE FOLLOWING: I AUTHORIZE MERRILLAND ITS AFFILIATES TO REQUEST A CONSUMER REPORT OR CREDIT

REPORT ABOUT ME FROM ONE OR MORE CONSUMER REPORTING AGENCIES TO VERIFY THE INFORMATION PROVIDED IN THIS CMA ENTITY

ACCOUNT APPLICATION AND FOR ANY OTHER LEGITIMATE BUSINESS PURPOSES.

6. THAT I ACKNOWLEDGE THAT I HAVE RECEIVED THE FORM CLIENT RELATIONSHIP SUMMARY.

To learn about BankofAmerica’s environmental goals and initiatives, go to bankofamerica.com/environment.

Leaf icon is a registered trademark of BankofAmerica Corporation.

Page 8 | MerrillEdge Self-Directed CMA — Estate Account Application 471905PM–1121

IV. Banking Features

Check Writing

Checks will be mailed to the

primary address of record.

Would you like to receive new checks?

Yes No

Note: 100 checks are allowed per order if no start number is

selected, a default start number of 101 will be used.

Start Number:

V. Tax Certification and Acknowledgement

THE INTERNAL REVENUE SERVICE DOES NOT REQUIRE MY CONSENT TO ANY PROVISION OF THIS DOCUMENT OTHER THAN THE

CERTIFICATIONS REQUIRED TO AVOID BACKUP WITHHOLDING.

FOR MerrillUSE ONLY: FA/PC Code: 1001

ALL EXECUTORS/ADMINISTRATORS MUST SIGN IN THEIR EXECUTOR/ADMINISTRATOR CAPACITY AND DATE. If this account has more than two

executors/administrators, please make a copy of this page.

Executor/Administrator SignatureExecutor/Administrator Signature

Manager Signature

DateDate

Date

Affidavit of Domicile

Merrill Account Number –

All the fields provided below are required.

Declarant (your name, or if a corporate fiduciary, show name and title of individual signing, and name and address of corporation)

being duly sworn, depose and state as follows:

I reside at:

Address

City State Zip Code

I am (please check one):

Executor/Executrix

Personal Representative

Administrator/Administratrix

Survivor of Joint Tenancy

Heir at law

Other (please specify)

of , who died on / / .

(Name of Decedent) (MM) (DD) (YYYY)

At the time of death, the decedent’s domicile (legal residence) was:

Address

City State Zip Code

Number of Years the Decedent Resided at This

Address Prior to Death

If the decedent resided in any other state during the three years prior to his or her death, I have listed those

states below.

State State State

This affidavit is made for the purpose of securing the transfer or delivery of property owned by the decedent

at the time of his or her death to a purchaser or persons legally entitled thereto under the laws of the

decedent’s domicile.

Merrill Account Number

Office Use Only

Code 0088 Rev. 0521

2 Code 0088 Rev. 0521

FOR USE IN ALL STATES EXCEPT CA AND FL

Must be signed in the Presence of Notary. Please note that all fields, including the boxes below, must be

completed by the Notary Public or the document will be returned.

X / /

Signature of Declarant Signature Date (MM/DD/YYYY)

THIS JURAT MAY NOT BE USED BY CALIFORNIA NOTARIES. CALIFORNIA NOTARIES ARE TO USE THE

ATTACHED JURAT FOR CALIFORNIA BELOW OR THE JURAT AVAILABLE ON THE CALIFORNIA SECRETARY

OF STATE WEBSITE.

Notarization is Required

State of

County of ,

Subscribed and sworn to (or affirmed) before me on / / ,

(MM) (DD) (YYYY)

by, , proved to me on the basis of satisfactory

(Insert Signor’s Name, NOT Notary’s Name)

evidence to be the person who appeared before me.

Signature of Notary Public (Affix Seal or Stamp)

Print Name of Notary Public

Please check one of the following (required): Personally Known OR Produced Identification

Type of Identification Produced

JURAT FOR CALIFORNIA

X / /

Signature of Declarant Signature Date (MM/DD/YYYY)

CALIFORNIA NOTARIES MUST USE THIS JURAT OR THE JURAT AVAILABLE ON THE CALIFORNIA

SECRETARY OF STATE WEBSITE.

A notary public or other officer completing this certificate verifies only the identity of the individual

who signed the document to which this certificate is attached, and not the truthfulness, accuracy,

or validity of that document.

Notarization is Required

State of California County of

Subscribed and sworn to (or affirmed) before me on

/ / ,

(MM) (DD) (YYYY)

by, , proved to me on the basis of

(Insert Signor’s Name, NOT Notary’s Name)

satisfactory

evidence to be the person who appeared before me.

Signature of Notary Public (Affix Seal or Stamp)

Print Name of Notary Public

Please check one of the following (required):

Personally Known OR Produced Identification

Type of Identification Produced

To learn more about BankofAmerica’s environmental goals and initiatives, go to bankofamerica.com/environment.

Leaf icon is a registered trademark of BankofAmerica Corporation. Code 0088 Rev. 0521

MerrillLynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or

provided by companies that are affiliates of BankofAmerica Corporation (“BofACorp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a

wholly owned subsidiary of BofACorp.

Investment products:

JURAT FOR FLORIDA

Must be signed in the Presence of Notary. Please note that all fields, including the boxes below, must be

completed by the Notary Public or the document will be returned. This jurat must be used by notaries in Florida.

X / /

Signature of Declarant Signature Date (MM/DD/YYYY)

Notarization is Required

State of Florida County of

Sworn to (or affirmed) and subscribed before me by means of physical presence or online notarization,

this day of , 20 ,

by,

(Insert Signor’s Name, NOT Notary’s Name)

Signature of Notary Public (Affix Seal or Stamp)

Print Name of Notary Public

Please check one of the following (required): Personally Known OR Produced Identification

Type of Identification Produced

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Client Relaonship Summary

Eecve March 21, 2022

Access supplemental materials by clicking on the links below or visiting ml.com/relationship s and merrilledge.com/relationships.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill or we) is registered with the Securities and Exchange Commission

(SEC) as both a broker-dealer and an investment adviser. We are a member of the Financial Industry Regulatory Authority (FINRA)

and the Securities Investor Protection Corporation (www.sipc.org). Our subsidiary Managed Account Advisors LLC (MAA) is also

an -registered investment adviser. SEC

You can access free and simple tools to research firms and financial professionals at investor.gov/CRS. It provides educational

materials about broker-dealers, investment advisers and investing. Brokerage and investment advisory services and fees differ

and it is important for you to understand these differences.

We offer both brokerage and investment advisory services. You choose how you want to work with us:

Work with your dedicated Advisor or

your Merrill Financial Solutions Advisor

Based on who you work with, you

can receive brokerage services for a

per trade charge and/or enroll in a

Merrill investment advisory program to

access managed investment strategies

and other investment solutions and

fiduciary services for an annual asset-

based fee.

Work with a Financial

Solutions Advisor

You can access certain brokerage

services, if eligible, for a per trade charge

and/or enroll in a Merrill investment

advisory program to access, with FSA

assistance and advice, selected managed

investment strategies and related

fiduciary services for an annual asset-

based fee.

Work on a Self-Directed Basis

You can utilize our self-directed

investing brokerage platform ( )

to enter and manage your own

trades for a per trade charge and/or

enroll in Merrill investment advisory

program to access on a self-guided

basis certain managed investment

strategies and related fiduciary

services for an annual asset-

based fee.

MESD

This Client Relationship Summary (CRS) and the Summary of Programs and Services provide an overview of our primary

programs, the types of services we provide and how you pay.

What investment services and advice can you provide me?

BROKERAGE SERVICES

In a Merrill brokerage account (Account), you pay commissions

and other sales fees on a per transaction basis. We may

recommend investments to you, but you make the final decision

to buy, sell or hold them.

From time to time, we may voluntarily review the holdings in your

Account; however, for purposes of Regulation Best Interest, we

do not provide an ongoing monitoring service or monitor your

Account and Regulation Best Interest does not require us to do so.

Depending on the qualifications of your financial advisor and how

you want to work with us, our brokerage services provide you:

•

Investment recommendations and responses to your trade

instructions and other requests.

•

Access to investments, research, financial tools, investment

guidance and market education.

•

Trade execution for purchases and sales of securities and

custody of Account assets.

•

Margin lending (borrowing against eligible Account assets).

• Access to various account types, including the CMA account.

• Access to our Cash Sweep Program where uninvested

cash in your Account is “swept” into bank deposit

accounts affiliated with us or into money market

mutual funds.

• Cash management services, including direct deposit,

checkwriting, debit cards, and electronic funds transfer.

Our Advisors can provide you access to a wide range of

investment products. Our Merrill Financial Solutions Advisors

(MFSAs) are eligible under our policies to offer a limited set of

investment products to you.

We have Financial Solutions Advisors (FSAs) who provide

brokerage services to existing clients via a call center or in

certain wealth management centers. Enrollment into an

FSA-assisted Account is restricted. You can obtain brokerage

services on a self-directed basis through our Merrill Edge

Self Directed program (MESD), where you will not receive

recommendations.

Our Best Interest Disclosure Statement provides material facts

about a brokerage Account, including fees, material limitations

we place on our offerings and conflicts of interest.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed, or provided by companies that

are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Merrill Lynch Life

Agency (“MLLA”) is a licensed insurance agency and a wholly owned subsidiary of BofA Inc.

Corp.

Corp. Banking products are provided by Bank of America, N.A., Member FDIC and a wholly owned subsidiary of BofA

Corp. Investment products offered through MLPF&S, and insurance and annuity products offered through : MLLA

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Are Not Deposits Are Not Insured By Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity

Page 1

What investment services and advice can you provide me? (continued)

INVESTMENT ADVISORY SERVICES

Merrill offers a variety of investment advisory programs

(IA Programs). Each IA Program is described in an IA Program

brochure available at ml.com/relationships and

merrilledge.com/relationships. The IA Program brochures

provide material facts about the program, including fiduciary

services, pr ogram fees and conflicts of interest.

When you enroll in one of our IA Programs, we act as your

investment adviser in providing you the services described

in that IA Program's client agreement and brochure. These

services include advice and guidance, access to investment

strategies and certain brokerage and custody services,

among others. We provide ongoing monitoring for an

account enrolled in an IA Program as described in its brochure.

You pay an asset-based fee and not on a per trade basis.

MAA provides discretionary services in certain IA Programs. It

invests assets by implementing investment strategies of Merrill

and/or third-party managers selected for your IA Program

account. It also processes contributions and withdrawals and

provides other services.

In certain IA Programs, you can choose to make investment

decisions yourself and/or to grant us or a manager discretion

or authority to make investment and trading decisions for your

account on your behalf. Discretion is triggered when you grant

it and remains in effect until you revoke it.

The range of investment solutions that you can access depends

on the IA Program you select and whether you are working

with an Advisor or MFSA whom you have selected, working

with one of our FSAs, or working on a self-guided basis. Our

IA Programs for retail investors are:

Merrill Lynch Investment Advisory Program (IAP). You receive

investment advice and guidance from your Advisor or your

MFSA, as the case may be. Depending on their qualifications, you

will have the ability to choose among third-party managed and

Merrill-managed investment strategies. In addition, if you work

with an Advisor, you have access to invest in individual securities,

including equities, debt and fund securities. In addition, you

can choose to delegate investment and trading discretion to

your Advisor for your Account or retain investment discretion.

Strategic Portfolio Advisor Service (SPA). By enrolling in ,

you have access to investment advice from your Advisor and

the ability to access investment strategies offered by third-

party managers under a separate contract.

SPA

Managed Account Service (MAS). MAS provides you with the

ability to select under a separate contract certain investment

strategies of third-party managers not offered in our other

IA Programs. We do not provide advice or recommendations

about this selection.

Merrill Guided Investing with Advisor (MGI with Advisor). This

IA Program offers you access to invest in certain investment

strategies managed by Merrill. You select Merrill-managed

strategies through an online, interactive website with the

advice and guidance from your MFSA or from an FSA.

Merrill Edge Advisory Account (MEAA). is a legacy program

that offers existing and certain new clients access to certain

Merrill-managed investment strategies with advice and guidance

from your MFSA or an FSA. It is very similar to MGI with Advisor.

MEAA

Merrill Guided Investing (MGI). MGI provides access to a set of

Merrill-managed investment strategies through an online, self-

guided interactive website.

Institutional Investment Consulting (IIC). This program provides

specified investment portfolio services to the investment

portfolios of -eligible clients. IIC

All of these IA Programs have differing service and relationship

approaches and requirements. Certain of the same managed

investment strategies are available in several of our IA Programs.

You should evaluate which IA Program is right for you

considering the following: your investment profile; your

preferences on working either with a dedicated Advisor

or MFSA whom you select, with an FSA, or on a self-guided

basis; the scope of the capabilities of your Advisor, MFSA or

FSA, as

the case may be, and the limitations, if any, on their

services; the nature of the IA Program services; the types of

IA Program services you want; the investment solutions

available in each IA Program; and the IA Program fees.

FOR BOTH BROKERAGE AND INVESTMENT ADVISORY SERVICES

We make a wide variety of investment products and

investment solutions available to you for investment based on

factors such as account limitations, eligibility and our product

approval process. In addition, not all of our financial advisors

can offer all available products, particularly MFSAs.

The investment options available to brokerage and IA Program-

enrolled accounts include products that are sponsored or

managed by product providers unrelated to us. There are a

limited number of products in which we or our affiliates have

an interest. For certain products, we require that the product

provider or sponsor enter into distribution agreements with

us and, in certain cases, they must agree to make payments

to us for revenue sharing, sub-accounting services and for

compensation purposes. These material limitations are further

described in the Best Interest Disclosure Statement.

Merrill utilizes its own broker-dealer capabilities and those

of Bank of America Securities, (BofAS) and other related

entities to provide you with certain investment products and

services, including trade execution, access to research and cash

management services.

Inc.

For a CMA Account, there is a minimum funding of $20,000 in

cash and/or securities (with a $2,000 minimum for a subaccount).

This does not apply to an account enrolled in MGI, MGI with

Advisor, or an account. Certain investment products

and IA Programs are subject to minimum investment amounts

detailed in offering materials and IA Program brochures.

MESDMEAA

Not all account type options provide the services described in

this CRS.

Page 2

Certain products have built-in fees and expenses (described in

their offering materials) that the product manager or sponsor

charges for services, portions of which may be paid to us.

Questions you can ask us about our services: • Given

my financial situation, should I choose an investment

advisory service? Should I choose a brokerage service or

both types of services? Why or why not? • How will you

choose investments to recommend? • What is your relevant

experience, including your licenses, education and other

qualifications and what do they mean?

What fees will I pay?

FEES IN A BROKERAGE ACCOUNT

You will pay a fee for each transaction in a brokerage

account. The types of fees you pay are known as, for example,

commissions, mark-ups, mark-downs or sales charges.

These fees can be a direct payment from you. For certain

investment pr oducts, the product sponsor or the manager

will pay the fees and costs to us based on the value of your

investment.

Brokerage transaction fees vary from product to product.

The Best Interest Disclosure Statement includes an overview

of brokerage fees and other Account charges. Certain fee

information is also found by accessing the materials listed on

page 4 of this CRS. An overview of the MESD brokerage fees

and charges is available at merrilledge.com/pricing.

The trade confirmation you receive will provide the amount

of the fees charged for the transaction. The offering materials

available for certain types of investment products provide

information about the fees and costs of those products.

The more trades that you make in your brokerage

account, the more we and/or your financial advisor get paid,

giving us a financial incentive to encourage transactions in

your Account.

FEES IN AN IA PROGRAM-ENROLLED ACCOUNT

You pay us an IA Program fee that covers investment advisory

services, trade execution and custody at Merrill. The IA

Program fee is based on the value of the assets in your

account at the annualized fee rates listed below:

IAP: If you work with an Advisor: a Merrill fee rate agreed to

with your Advisor (max 1.75% effective May 1, 2022) and an

IAP strategy manager fee rate (if applicable). If you work with

an MFSA: a Merrill fee rate (max 1.10%) and an IAP strategy

manager fee rate (if applicable).

SPA:

A Merrill SPA rate agreed to with your Advisor (max

1.50%) and a SPA manager fee rate.

MAS: A MAS rate agreed to with your Advisor (max 1.80%) for

Merrill services and a MAS manager fee rate.

MGI with Advisor and MEAA:

A fee rate of 0.85%.

MGI: A fee rate of 0.45%.

IIC: A rate agreed with your Advisor (max 0.45%).

The IA Program fee for IAP, SPA, MAS and are negotiable.

Depending on the IA Program, the fee is paid monthly or

quarterly. The relevant IA Program brochure available at

IIC

ml.com/relationships provides more detail about the fees and

costs you may incur.

The more assets there are in your IA Program-enrolled

account, the more you will pay in fees, giving us a

financial

incentive to encourage you to increase the assets

in y our account.

ADDITIONAL FEE INFORMATION

We (through your Advisor or your MFSA, but not FSAs) may

discount or waive certain transaction fees and charges based

on our discount or waiver requirements. You may also qualify

for a discount or waiver according to applicable reward and

rebate programs.

Certain brokerage and IA Program services, as well as

investment products, may only be provided by Advisors,

MFSAs and FSAs who meet qualifications and training

requirements.

You will pay fees and costs whether you make or lose money

on your investments. Fees and costs will reduce any amount

of money you make on your investments over time. Please

make sure you understand what fees and costs you’re paying.

What are your legal obligations to me when

providing recommendations as my broker-dealer or

when acting as my investment adviser?

How else does your firm make money and what

conflicts of interest do you have?

STANDARD OF CONDUCT AND CONFLICTS OF INTEREST

When we provide you with a recommendation as your

broker-dealer or act as your investment adviser, we have to

act in your best interest and not put our interest ahead of

yours. At the same time, the ways we and our affiliates make

money create some conflicts with your interests. You should

understand and ask us about these conflicts because they

can affect the recommendations and investment advice we

provide you. Here are some examples of conflicts to help you

understand what this means:

Affiliate benefits. Our affiliates receive compensation and/or

economic benefits in connection with certain of the services

provided and certain investment products that we recommend

or make available to you.

Third-party payments for services. We receive compensation

from certain product sponsors for the sub-accounting

and shareholder services we provide them. We also have

agreements with certain product sponsors to pay us marketing

support and other revenue sharing payments under certain

circumstances. Product sponsors share in the costs of certain

educational meetings for clients and our employees, including

Advisors, MFSAs and FSAs.

Principal trading. Some of your securities transactions will

be executed with our affiliate BofAS. BofAS makes money

when executing your securities transactions as well as when

acting as an underwriter for new issue offerings of securities

offerings for corporate issuers.

Page 3

For other conflict information, please review our Best Interest

Disclosure Statement and/or our IA Program brochures at

ml.com/relationships and merrilledge.com/relationships.

Questions you can ask us about fees and conflicts:

• Help me understand how these fees and costs might

affect my investments. If I give you $10,000 to invest,

how much will go to fees and costs, and how much will be

invested for me? • How might your conflicts of interest

affect me and how will you address them?

How do your financial professionals make money?

We determine Advisor, MFSA and FSA compensation and

the eligibility rules for the offering of brokerage services,

IA Program services and certain investment products. This

determination is based on the experience of the person,

the time and complexity required to meet a client’s needs,

the products sold andproduct sales commissions, and other

factors such as client and asset acquisition and the revenue

we earn.

Compensation payments present a conflict of interest. For

brokerage services, the conflict arises based on the type and

frequency of transactions in your Account. For IA Programs,

the conflict arises based on the compensation we make due to

your enrollment in a fee-based program and the fee that you

agree to or are charged.

BROKERAGE COMPENSATION

Advisors are primarily compensated based on commissions

and other types of transaction fees and service charges

related to transactions in your brokerage Account. Advisor

compensation is based on what we charge you for executing

your trade and what we receive from product sponsors for the

sale of their products, where applicable.

Certain products have higher transaction fees and service

charges than other products. An Advisor will receive more

compensation for selling certain products over other products

and this is a conflict of interest.

MFSAs and FSAs who provide brokerage services are

compensated through a salary and performance-based

incentive compensation.

INVESTMENT ADVISORY COMPENSATION (IA Programs)

Advisors who are qualified to offer IAP, SPA and MAS receive

a portion of the particular IA Program fee as compensation,

subject to certain policy requirements. MFSAs (who may offer

IAP as to certain managed strategies and MGI with Advisor

or MEAA) and FSAs (who offer MGI with Advisor or MEAA)

receive compensation in the form of salary and incentive

compensation that is not based on the IA Program fees

associated with IA Program-enrolled Accounts.

OTHER COMPENSATION INFORMATION

Advisors, MFSAs and FSAs may receive awards for asset

gathering efforts and meeting performance goals during the

year and share in fees charged for services provided to you by

us and companies related to us as referral payments. Advisors

who join Merrill from other firms are eligible to receive

additional payments based on the revenues generated from

accounts they manage at particular points in time.

Do you or your financial professionals have

legal or disciplinary history?

Yes. Please visit Investor.gov for a free and simple tool to

search us and our financial professionals.

Additional Information

For the latest copy of this disclosure, go to ml.com/CRS. To

receive a paper copy free of charge, you may call your Advisor,

MFSA or FSA, as the case may be, or call us at 800.637.7455.

For a copy of Best Interest Disclosure Statement, go to ml.com/

bestinterestdisclosure or obtain a paper copy from your Advisor,

MFSA or an FSA free of charge or call us at the number above.

We provide you with additional transaction information

through other documents such as trade confirmations,

prospectuses, offering materials and account statements.

Certain client agreement forms and the materials listed below

are available by clicking the blue highlighted words or by going

to ml.com/relationships and merrilledqe.com/relationships.

● Summary of Programs and Services

• Best Interest Disclosure Statement

• IA Program Brochures

• List of Account Types

• Merrill Explanation of Fees

• Merrill Edge Explanation of Fees

• Merrill Schedule of Miscellaneous Account and

Service Fees

• Merrill Edge Schedule of Miscellaneous Account and

Service Fees

• Sweep Program Guide

• Mutual Fund Investing

• Offshore Mutual Fund Investing

Questions you can ask us: • As a financial professional,

do you have any disciplinary history? For what type of

conduct? • Who is my primary contact person? Is he

or she a representative of an investment adviser or a

broker-dealer? • Who can I talk to if I have concerns

about how this person is treating me?

Page 4

 Merrill Edge

Self-Directed Investing

Client Relationship Agreement

Terms and Conditions

1. Introduction

We have prepared the MerrillEdge® Self-Directed Investing Client Relationship

Agreement (hereinafter referred to as the “MerrillEdge Self-Directed CRA” or

“thisAgreement”) in order to help you understand your relationship with

MerrillEdge Self-Directed Investing. This Client Relationship Agreement

("Agreement"), and the agreements for the various products and services

offered by MerrillEdge Self-Directed Investing, details the nature of the mutual

obligations for services you are about to use and those services you may

choose to use in the future.

MerrillEdge Self-Directed Investing (also referred to herein as “MESD”)

isthe marketing name for certain brokerage services offered to clients

on aself-directed basis through MerrillLynch, Pierce, Fenner & Smith

Incorporated (“Merrill”).

We have provided you with a copy of the Client Relationship Summary (“Form

CRS“) either online via the Online Account Opening process or as part of the

MESD application packet.

You should review the Form CRS to understand the scope of services that

we can provide you at Merrill and key information about our brokerage and

investment advisory programs.

Merrill offers its products, accounts and services through different service

models (e.g., self-directed or full-service). Based on the service model, the

same or similar products, accounts and services may vary in their prices or fees

charged to a client. The Summary of Programs and Services, as well as the

Form CRS, outline these different programs and are included during the Online

Account Opening process or as part of the MESD Application Packet.

Future account disclosures may be delivered to you via the internet, including

as a message at the Secure Message Center. In certain cases, future account

Disclosures may be delivered via statement message, statement insert or

stand-alone letter.

When you agree to the terms of this Agreement, you are agreeing that its

terms will apply to all of your MESD accounts, transactions and services.

If you have any concerns about the services you receive under these terms and

conditions, please contact MerrillEdge Self-Directed Investing at 877.653.4732.

What to do if you have a problem

We sincerely hope to service your account in such a manner that problems

will never occur. However, errors, misunderstandings or disputes can occur,

and we want to resolve them promptly and fairly.

Reviewing your confirmations and statements —Please review your

confirmations and account statements promptly and let us know if there is

any discrepancy in terms of transactions or deposits or withdrawals of either

funds or securities.

Whom to contact — If your concerns cannot be resolved or have not been

properly addressed, you may contact Merrill Compliance at 609.274.4040,

orin writing at P.O. Box 1520, Pennington, NJ 08534-1520.

2. Overview of MerrillEdge Self-Directed Investing

MerrillEdge Self-Directed Investing is designed for U.S.-based investors

who wish to make their own investment choices in a MerrillLynch, Pierce,

Fenner&Smith Incorporated brokerage account.

Neither Merrill, nor MESD, nor any Merrill or MESD representative, will provide

you with investment advice, including any recommendations, or offer any

opinion regarding the suitability of any security, order, transaction, or strategy

in a MerrillEdge Self-Directed Investing Account, or monitor your investment

or the appropriateness of your account or service level, or alert you to any

recommended change to your investments, investment accounts, or services.

Neither Merrill nor MESD, nor any Merrill or MESD representative, will provide

any tax or legal advice.

No Merrill Research opinion, Independent Research opinion, the inclusion

of a security on any list, or any information provided to you either on

the MerrillEdge website or by mail or any other means constitutes a

recommendation to you to purchase, hold or sell any investment.

By entering into this Agreement, you agree that any transactions executed

through your MerrillEdge Self-Directed Investing Account, whether based on

information obtained from Merrill or elsewhere, will be solely your own decision

and based on your own evaluation of your personal financial situation, needs,

and investment objective(s).

In addition to retaining the sole responsibility for investment decisions, you

understand and agree that you are responsible for knowing the rights and

terms of all securities in your account, specifically including valuable rights

that expire unless the holder takes action. This includes, but is not limited to,

warrants, stock rights, convertible securities, bonds, and securities subject

toa tender or exchange offer. You understand and agree that Merrill accepts

no obligation to notify you of any upcoming expiration or redemption dates, or,

except as required by applicable law or regulation, to take any action on your

behalf without specific instructions from you. You also agree that all dividends

and interest payments credited to your account shall accumulate rather than

be paid to you upon receipt, but shall be subject to your withdrawal from time

to time upon request for a check or other funds transfer.

Notwithstanding the foregoing, in its capacity as an investment adviser Merrill may

provide investment advice or recommend securities transactions or investment

strategies to you within certain investment advisory programs. To enroll in

such an investment advisory program, such as the Merrill Guided Investing

Program, you may be required to establish and maintain a MerrillEdge Self-

Directed Investing Account. Merrill acts as an investment adviser and not

a broker-dealer for the investment advisory services provided within these

investment advisory programs. To the extent that Merrill provides investment

advice or recommends any securities transactions or investment strategies

to you within any such investment advisory program, you understand and

agree that Merrill does so in its capacity as an investment adviser and not as a

broker-dealer. You will be required to enter into a separate agreement with Merrill

and its affiliates to participate in an investment advisory program. Pursuant to

Section 5a of this MerrillEdge Self-Directed CRA, the terms governing any such

investment advisory program will control if there are any inconsistencies with

the terms of this MerrillEdge Self-Directed CRA. If your account serves as the

securities account for a Merrill investment advisory program, certain features

of MerrillEdge Self-Directed Investing, such as the Margin Lending Program,

check writing, and Visa cards, may not be available to you. If your account serves

Page 1 | MerrillEdge Self-Directed Investing Client Relationship Agreement Code 422000PM-1220

as the securities account for a Merrill investment advisory program and if,

for any reason, you terminate from the investment advisory program without

transferring the securities and assets out of your account, your account will be

a MerrillEdge Self-Directed Investing Account without any investment advisory

relationship. As such, and as explained more fully in the preceding paragraphs,

neither Merrill, nor any Merrill representative, will provide any investment advice

or give any advice or offer any opinion regarding the suitability of any security,

order or transaction in a MerrillEdge Self-Directed Investing Account.

Additionally, to the extent that you maintain other accounts or relationships

with Merrill or its affiliates under which you do receive investment advice or

management from us or our affiliate, you agree not to implement such advice

in the account.

If you do not feel comfortable with self-directing your retirement assets or

would otherwise like to learn more about the benefits of our management

and advisory services and programs for Retirement Investors, please contact

MerrillEdge Self-Directed Investing at 877.653.4732.

3. Definitions

For the purpose of this Agreement, “you” and “your” refers to each person who

has agreed to the terms in this Agreement. “Merrill,” “we,” “our” and “us” refer

to MerrillLynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer

and a wholly owned subsidiary of BankofAmerica Corporation. “Account” refers

to any securities account you open with Merrill.

In the case of an entity, “you” and “your” refers to the entity, and by enrolling

the entity agrees that access to MerrillEdge Self-Directed Investing shall be

restricted to Authorized Representatives (as defined in the account agreement)

for such entity and that the entity will be liable for all acts or omissions of such

Authorized Representatives.

For the purpose of this Agreement, MerrillEdge Self-Directed Investing

(“MESD”), which is made available through MerrillLynch, Pierce, Fenner & Smith

Incorporated (“MLPF&S”), refers to certain brokerage services offered to clients

on a self-directed basis through MerrillLynch, Pierce, Fenner & Smith Incorporated

(“Merrill”) and which are the subject of this Agreement.

For purposes of the Margin Lending Program and Liens sections described

below, “securities and other properties” means, without limitation, money,

securities, financial instruments and commodities of every kind and nature and

related contracts and options held in any of your accounts carried or maintained

by Merrill or any of its affiliates in which you may have an interest.

4. How the MerrillEdge CRA works

This Agreement provides you with access to a range of accounts, Products and

Services. When you agree to the terms of this Agreement, you’re agreeing that

its terms will apply to all of your MESD accounts, transactions and services

while you are an MESD client.

In particular, you agree:

•You will resolve any controversies with us through arbitration.

•We have a lien on your non-retirement accounts and assets in those

accounts for the payment of any obligation you have with us.

•New York law governs your agreements and transactions, unless we

indicateotherwise.

•Merrill has the right to amend this Agreement at any time with advance

notice in writing. Any amendments will be effective on the date specified in

the notice.

•Merrill may in its sole discretion and without notice to you, to the extent

permissible under applicable law and other governing documents applicable

to your account, decline, cancel or reverse your orders or instructions, or

place trading, disbursement and other restrictions on any of your accounts.

•If you’re enrolled in the Margin Lending Program, you agree and

understandthat:

− You may borrow money from Merrill secured by a pledge of your eligible

securities and other property in your account.

− You will be charged interest on debit balances at a rate permitted by the

laws of the state of New York.

− Certain securities in your account may be loaned to Merrill or others to the

extent not prohibited by applicable laws, rules or regulations.

•Limits may be placed on your ability to buy, sell, transfer and hold certain

securities, like low-priced securities, as identified by Merrill.

•If you’ve requested a Visa® Card, you agree that:

− Merrill is authorized to issue you the Visa® Card you requested for use with

eligible accounts, and you understand that Merrill or an affiliate may obtain

a credit report due to your request.

•If you’re establishing your relationship in a joint capacity, you agree that:

− Any joint accounts you open in the future held by the same owners will

have the same ownership designation you establish on this Agreement,

unless you notify us otherwise in writing.

If you are the custodian of an account opened under the Uniform Transfers to

Minors Act (UTMA) or the Uniform Gifts to Minors Act (UGMA) as adopted by

any jurisdiction, you agree to comply with all requirements of the applicable

UTMA or UGMA law, including but not limited to the requirements that you

(i) expend the UTMA or UGMA account assets only for the use and benefit of

the minor named on the account (the “Minor”), and (ii) upon the earlier of the

Minor’s attainment of the applicable termination age or the Minor’s death,

transfer the UTMA or UGMA account assets to the Minor or to the Minor’s

estate. Merrill shall not have any responsibility to make sure that you properly

perform your duties as custodian.

You agree that once Merrill has reason to believe that the Minor has reached

the termination age under applicable law, Merrill may, but is not obligated to,

take any or all of the following actions with respect to the UTMA or UGMA

account without further consent from you:

•limit trading in the UTMA or UGMA account to liquidating orders;

•prohibit further deposits into the UTMA or UGMA account;

•restrict withdrawals or transfers from the UTMA or UGMA account other

than to the Minor;

•communicate with the Minor or the Minor’s legal representative regarding

the UTMA or UGMA account including, but not limited to, providing periodic

account statements and tax statements to the Minor or Minor’s legal

representative;

•accept liquidating orders from the Minor; and

•deliver the UTMA or UGMA account assets to the Minor.

Attention Guardians and Conservators for Minors

If you are a fiduciary such as a guardian or conservator of an account opened

for a minor, you agree that you shall (i) expend the account assets only for the

use and benefit of the minor named on the account (the “Minor”), as directed

by the Court or as provided pursuant to applicable state law, and (ii) within a

reasonable time after the Minor’s attainment of the age of majority or other

age specified by state law or court order, deliver the account assets to the

Minor, or as directed by court order. Merrill shall not have any responsibility

to ensure that you properly perform your duties as fiduciary, but may request

copies of any applicable court orders.

You agree that once Merrill has reason to believe that the Minor has reached

the age of majority or other age specified by state law or court order, Merrill

may, but is not obligated to, take any or all of the following actions with respect

to the account without further consent from you:

•limit trading in the account to liquidating orders;

•prohibit further deposits into the account;

•restrict withdrawals or transfers from the account other than to the Minor;

•seek clarification and/or direction from the appointing court at your expense

or the Minor’s expense;

•communicate with the Minor or the Minor’s legal representative regarding

the account including, but not limited to, providing periodic account

statements and tax statements to the Minor or Minor’s legal representative;

•accept liquidating orders from the Minor; or

•deliver the account assets to the Minor.

Page 2 | MerrillEdge Self-Directed Investing Client Relationship Agreement Code 422000PM-1220



Further, if the Minor dies prior to attaining the age of majority, you agree to

deliver the account assets as set forth pursuant to applicable state law or as

directed pursuant to court order.

The specific provisions on these topics are set forth in detail below. If you

trade and hold non-U.S. issued securities, you agree and acknowledge that:

•Merrill or its affiliates may be required to disclose customer names and other

identifying information, including but not limited to Social Security number

or tax identification number, to regulators (including taxing authorities) and/

or issuers to comply with local law and/or customs and practice. For example,

we may be required to provide personal information in order to meet local

regulations that require the submission of investor names to the local stock

exchange, or an issuer may request residence and taxpayer identification

information in order to obtain favorable tax treatment, such as lower

withholding rates, for shareholders.

•For clients who trade and hold shares of Italian companies whose equity

securities are traded in any regulated market:

− If you hold shares of Italian companies whose equity securities are

traded in any regulated market, you hereby represent that you only hold

“Non-Qualified Equity Investments” (Partecipazioni Non Qualificate).

You agree, and acknowledge that it is your responsibility, to immediately

inform Merrill if this representation is inaccurate or untrue or if it becomes

inaccurate or untrue.

a) Read and understand English

You acknowledge that (i) you can read and fully understand English; (ii) that

written documents, agreements, and information (collectively referred to

as “Materials”) concerning your relationship with Merrill, including but not

limited to products, services, transactions, and other account details, will

typically be provided to you in English; and (iii) on occasion we may provide

certain Materials to you in Chinese, Spanish, or Portuguese, asapplicable.

關注客戶

變化的通知在其自己的與MLPF ＆S的關係

您承认（i）

，

你可以阅读并完全理解英语

;

（ii）有关与美林（Merrill Lynch）

的关系的书面文件

，

协议

，

以及信息（统称为“材料”）

，

包括但不限于产

品

，

服务

，

交易

，

和其他帐户细节

，

通常会以英语向您提供

，

（iii）有时出

于尊重

，

我们可能会向您提供某些非英文的翻译材料

。

Atención a Nuestros Clientes:

Notificación de cambios en la relación de su cuenta con MLPF&S

Ud. reconoce que (i) puede leer y entender el idioma inglés a cabalidad;

(ii) que, en general, todos los documentos escritos, contratos y demás

información (denominada, en conjunto, como “Materiales”), que tengan que

ver con la relación que sostiene con Merrill, incluyendo pero sin limitarse a

los productos, servicios, transacciones y demás detalles relacionados con su

cuenta le serán entregados en el idioma inglés; y (iii) en ocasiones, podremos

entregarle traducciones de ciertos materiales a otros idiomas distintos al

inglés, como un gesto de cortesía hacia Ud.

Atenção, todos os clientes: Notificação das mudanças realizadas nos

contratos de suas contas com MLPF&S:

Você declara que (i) pode ler e compreender o idioma inglês perfeitamente;

(ii) que aceita que, em geral, todos os documentos escritos, os contratos e as

outras informações (juntamente designados “Materiais”), que tenham a ver

com a relação que você mantém com a Merrill, inclusive, mas sem se limitar

a, os produtos, serviços, transações e outros detalhes relacionados a sua

conta sejam entregues em idioma inglês; e que (iii), em ocasiões, poderemos

entregar traduções de alguns materiais em outros idiomas diferentes do

inglês, como gesto de cortesia para você.

b) New accounts and services

When you open a new account or enroll in a service, or convert all or part of

an existing Merrill account to MESD, we will provide you with the agreement

and any disclosures for that account or service and confirm your enrollment

in that account or service in writing. Those agreements and disclosures

are incorporated by reference. This means that your initial signature acts

as your agreement to the terms of the new account or service. As a result,

in many cases, you will not need to sign an additional account agreement

orotherform.

For example, if you enroll in the MerrillEdge® Self-Directed Investing Cash

Management Account® (CMA® account) financial service, the disclosures and

account agreement for that service are incorporated in this Agreement. We will

provide those documents to you when you enroll.

The terms governing a specific account or service will control if there are any

inconsistencies with the terms of this MerrillEdge CRA. If you are establishing

a joint account with this Agreement, you must designate how the account is to

be held by the owners of the account.

Eligible joint account designations include:

•JTWROS— Joint Tenancy With Right of Survivorship;

•TIC — Joint Tenancy Without Right of Survivorship, also known as Tenants

in Common;

•ATBE —As Tenants by Entirety (for married persons, only in states where

applicable);

•COMMPROP — Community Property for married persons, only in states

where applicable;

•CPWROS - Community Property With Right of Survivorship for married

persons, only in states where applicable;

•WI MAR PROP —Wisconsin Marital Property, for married residents of

Wisconsin only; and

•WI SURV MAR PROP — Wisconsin Survivorship Marital Property, for married

residents of Wisconsin only.

You hereby agree that, unless you notify us otherwise in writing, all subsequent

joint accounts opened with Merrill by the same owners shall be held by such

owners with the same ownership designation. All joint accounts are subject to

the specific provisions pertaining to joint accounts contained in the applicable

account agreements. Joint ownership of property is an important element

of estate planning and entails important legal and tax consequences. Joint

ownership laws vary from state to state. You are responsible for verifying that

the joint registration that you select for your account(s) is valid in your state.

In addition, state laws regarding community property vary. Please consult your

attorney if you have any questions regarding the joint ownership or community

property laws that may be applicable to your account(s).

c) Additional signatures

You may need to sign more than one MerrillEdge Self-Directed CRA. Thiswill

be required if you want to open an account in a capacity other than as an

“individual,” including as a:

•Trustee of a trust;

•Personal representative or executor of an estate; or

•Guardian.

We may also require you to sign additional agreements or other documents

forcertain services or instructions, including:

•Selecting beneficiaries for an individual retirement account;

•Selecting the ownership of a joint account;

•Selecting beneficiaries of an account with the transfer on death service;

•Options trading;

•Financial planning;

•Managed money services; and

•Services involving the transfers of money or securities.

d) Retirement account beneficiaries

Your signature is required to designate or change beneficiaries to receive the

balance of your account upon your death. If you do not do so, your account

balance will be paid to your spouse, if he or she survives or, if not, to your estate.

e) Amendments

You agree that Merrill has the right to amend this MerrillEdge Self-Directed

CRA at any time by providing notice of the amendment to you. The amendment

will be effective on the date contained in the notice.

Page 3 | MerrillEdge Self-Directed Investing Client Relationship Agreement Code 422000PM-1220

5. Customer information and due diligence

Merrill, like all U.S. financial institutions, is required to follow federal regulations

to assist the government in its efforts to fight money laundering and other

financial crimes, and to counter terrorist financing efforts in the U.S. and

globally. Merrill obtains specific personal information from you in order to

verify your identity; and you may be required to present documentary evidence

of your identity in the form of government-issued identification. Merrill also

uses third-party vendors to verify customer information. Foreign nationals

who are permanent legal residents of the U.S. may be required to present a

Permanent Resident Card (i.e., “green card”) anda SocialSecurity number to

open an account in a U.S.-based Merrill office. Non-individuals (e.g.,a business,

trust or estate) must submit sufficient evidence of legalstatus.

In addition to verifying the identity of our customers, Merrill captures personal

information on all customers and related authorized parties who have the

ability to transact, control, influence or manage an account, whether directly

or indirectly. Merrill, at its discretion, may elect not to accept an account,

or to terminate the account agreement and the account agreements of any

relatedparties.

6. Margin lending

If any account is established with the Margin Lending Program, you understand

and agree that:

•You may borrow money from Merrill secured by a pledge of your eligible

securities and other property in your account;

•You will be charged interest on debit balances at a rate permitted by the laws

of the state of New York;

•Certain of your securities may be loaned to Merrill or loaned out to others;

and

•You are bound by the terms of the agreement for the Margin Lending service.

Further, in return for extending credit to you under the Margin Lending

Program, you acknowledge and agree that we may lend, either to Merrill

or to others, the securities in your account (along with all attendant rights

of ownership), to the extent not prohibited by applicable laws, rules and

regulations. Please refer to the terms for the Margin Lending Program in the

MerrillEdge Self-Directed Cash Management Account Disclosures and Account

Agreement for more detail.

7. Liens

All of your securities and other property in any account — margin or cash —

inwhich you have an interest, or which at any time are in your possession

or under your control other than retirement accounts, such as IRAs, shall be

subject to a lien for the discharge of any and all indebtedness or any other

obligations you may have to Merrill. Securities and other property held in

retirement accounts, such as IRAs, are not subject to this lien, and are not used

as security for the payment of your obligations or indebtedness for other

non-retirement accounts — cash or margin — you maintain with Merrill. You

agree that Merrill holds all of your securities and other property in margin or

cash accounts, other than retirement accounts, as security for the payment

of any such obligations or indebtedness to Merrill in any account in which

you have an interest. Merrill, subject to applicable laws, may at any time

and without giving you prior notice, use and/or transfer any or all securities

and other property in any account in which you have an interest other than

retirement accounts, without regard to Merrill having made any advances in

connection with such securities and other property and without regard to the

number of accounts you may have with Merrill. Inenforcing the lien, Merrill, at

its sole discretion, may determine which securities and other property are to be

sold or which contracts are to be closed.

8. Governing law

Unless otherwise specified, your agreements and transactions with Merrill will

be governed by and interpreted under the laws of the State of New York.

You may not use your account or relationship to the firm to process transactions

that are prohibited by law, including, but not limited to, restricted transactions

prohibited by the Unlawful Internet Gambling Enforcement Act of2006.

9. Compliance with applicable laws

You represent that you and any beneficial owner(s), if acting in a representative

capacity, have complied, and you agree that you and any such beneficial

owner(s) will comply for so long as your account(s) remain(s) open, with all

applicable laws (including obligations related to tax payments and reporting

and to currency exchange controls) related to (i) the assets deposited, acquired

or otherwise held in any securities account held at Merrill now or in the future,

or (ii) any other transaction you enter into with Merrill or its affiliates. You

further agree and acknowledge that you and any beneficial owner(s) if acting

in a representative capacity are responsible for timely paying any taxes owed

to any tax authority, and for timely filing all relevant tax returns in relation to

assets held in any securities account held at Merrill nowor in the future, or any

other transaction you enter into with Merrill oritsaffiliates.

10. Special Provisions for FDIC Deposit Insurance Coverage

If you have opened a Merrill account that holds bank deposits on your behalf

or on behalf of the beneficial owners of the assets in the account, you, as

the account holder or representative, must be able to provide information, in

the event of adverse circumstances, about your ownership of the deposits or

information regarding the interests of the beneficial owner(s) or beneficiaries

to Merrill in accordance with the FDIC’s requirements.

In the event of adverse circumstances, you agree to:

•Cooperate fully with us and the FDIC in connection with determining the

insured status of funds in such accounts at any time;

•Provide promptly the necessary data in the required format.

In the event of bank failure, the FDIC would be appointed as receiver and a hold

would be placed on your account so that the FDIC can conduct the deposit

insurance determination; that hold will not be released until the FDIC obtains

the necessary data to enable the FDIC to calculate the deposit insurance. You

understand and agree if you do not provide the necessary data to Merrill in

a timely manner, it may result in a delay in receipt of insured funds and your

ability to transact with these funds.

11. Fees

You agree to pay your account fees, service fees, processing and other fees for

the transactions and other services you receive from Merrill. You understand

that these fees will be charged to your accounts. Current information about

the fees that apply to your account is available under the “Online investing

and trading” tab at: www.merrilledge.com/pricing. You agree that Merrill

may satisfy any amounts you owe to Merrill from available free credit

balances and assets in your account. If necessary, Merrill is permitted to sell

assets in your accounts to pay those amounts due. You agree that you have

reviewed the schedule of fees applicable to your MESD Account, including

account fees, service fees, processing and other fees for the transactions

and services applicable to your account, and believe them, in addition to any

third-party compensation that we may receive with respect to your account

or transactions engaged in by your account discussed more fully below, to

be reasonable compensation to us in light of the totality of services we may

provide with respect to the account.

a) Securities transactions

When you purchase or sell securities, you may pay for each securities transaction

on a per trade basis. This is called transaction-based pricing. Under this type

of pricing, you are charged a commission or other compensation for each

transaction. This compensation varies based on a number of factors, such as

your relationship with Merrill and BankofAmerica, the type of security and

how often you trade. Commission rates are subject to change. Our current

standard commission schedule is available under the “Online investing and

trading” tab at: www.merrilledge.com/pricing.

The amount of commissions you may pay varies from product to product.

Where commissions apply, the more transactions you enter into, the more

compensation we receive. When you pay commissions with respect to

particular investments, we benefit from you buying and selling more frequently,

rather than holding investments, and from you purchasing investments that

result in higher commissions and compensation to us and our affiliates.

Merrill and its affiliates also receive compensation from third parties (including

from the investment products in which you invest, and their manufacturers,

distributors, managers, and their respective affiliates) in connection with

your investment transactions. The amount of this third-party compensation

Page 4 | MerrillEdge Self-Directed Investing Client Relationship Agreement Code 422000PM-1220

generally varies from product to product. Merrill has an incentive for you to

engage in investment transactions that result in more compensation from third

parties to Merrill and its affiliates. The costs of this third-party compensation

generally represent an expense embedded in the investment that is ultimately

borne by investors such as you. The specific types of third-party compensation

we may receive with respect to a particular investment are typically disclosed

in the relevant investment product prospectus or other offering document.

Examples of the types of third-party compensation we can receive are listed

hereafter, but note that not all types of compensation apply to all investments,

and we may receive other compensation that is not listed here. The examples

of third-party compensation include: Rule 12b-1 and other distribution and

servicing fees; revenue sharing payments; exchange-traded fund index

licensing fees; event payments; gifts, gratuities, and other non-monetary

compensation; payment for order flow; securities lending fees; valuation fees;

redemption fees; and underwriting fees.

b) Visa® cards issued by BankofAmerica, N.A.

There is no annual fee for the Merrill CMA Access® Visa® card. However,

transaction charges apply with respect to particular transactions as disclosed

in the Merrill CMA Access Visa card terms and conditions.

This information is subject to change. You may call MerrillEdge Self-Directed

at 877.653.4732 to verify current fees.

You authorize Merrill to issue the Visa card that you have requested for use

with eligible accounts, and you understand that Merrill or an affiliate may

obtain a credit report in connection with your request.

12. Agreement to arbitrate controversies

This Agreement contains a predispute arbitration clause. By signing

anarbitration agreement the parties agree as follows:

•All parties to this Agreement are giving up the right to sue each other

in court, including the right to a trial by jury, except as provided by

the rules of the arbitration forum in which a claim is filed.

•Arbitration awards are generally final and binding; a party’s ability to

have a court reverse or modify an arbitration award is very limited.

•The ability of the parties to obtain documents, witness statements

and other discovery is generally more limited in arbitration than in

court proceedings.

•The arbitrators do not have to explain the reason(s) for their award

unless, in an eligible case, a joint request for an explained decision

has been submitted by all parties to the panel at least 20 days prior

tothe first scheduled hearing date.

•The panel of arbitrators may include a minority of arbitrators who

were or are affiliated with the securities industry.

•The rules of some arbitration forums may impose time limits for

bringing a claim in arbitration. In some cases, a claim that is ineligible

for arbitration may be brought in court.

•The rules of the arbitration forum in which the claim is filed, and any

amendments thereto, shall be incorporated into this Agreement.

You agree that all controversies that may arise between us shall be

determined by arbitration. Such controversies include, but are not

limited to, those involving any transaction in any of your accounts with

Merrill, or the construction, performance or breach of any agreement

between us, whether entered into or occurring prior, on or subsequent

to the date hereof.

Any arbitration pursuant to this provision shall be conducted only

before the Financial Industry Regulatory Authority Inc. (“FINRA”) or an

arbitration facility provided by any other exchange of which Merrill is a

member, and in accordance with the respective arbitration rules then in

effect at FINRA or such other exchange.

You may elect in the first instance whether arbitration shall be

conducted before FINRA or another exchange of which Merrill is a

member, but if you fail to make such election by registered letter

addressed to Merrill at the office where you maintain your account

before the expiration of five (5) days after receipt of a written request

from Merrill to make such election, then Merrill may make such election.

Judgment upon the award of the arbitrators may be entered in any

court, state or federal, having jurisdiction.

No person shall bring a putative or certified class action to arbitration,

nor seek to enforce any pre-dispute 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: (i)the class certification is denied; or (ii)the class is decertified;

or (iii)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.

13. Important disclosures

Merrill is a registered broker-dealer and a wholly owned subsidiary of

BankofAmerica Corporation. Unless otherwise disclosed, investments through

Merrill are not FDIC Insured, and are not Bank guaranteed, and may lose value.

Investing in securities involves the risk of loss, and you should be prepared to

bear this risk.

Merrill offers its products, accounts and services through different service

models (e.g., self-directed, full-service). Based on the service model, the

same or similar products, accounts and services may vary in their price or fee

charged to a client.

A Merrill financial advisor, Merrill Financial Solutions Advisor or other Merrill

employee (collectively referred to herein as an “Associate”) is eligible to

receive compensation if the Associate informs you about MESD and you

thereafter open an MESD account and/or add more assets to your existing

MESD account. The details of the compensation will depend on the Associate’s

employment agreements and arrangements with Merrill, and the types of

compensation for which the Associate is eligible. In general, the compensation

the Associate receives will vary based on the amount of assets you invest in an

MESD account at a specific time or over a specific period (e.g., upon account

opening or during a given quarter). The Associate’s activity with respect to

other Merrill clients and the amount of assets other clients invest in MESD

accounts or other accounts with Merrill or its affiliates will also affect the

compensation for which the Associate may be eligible. Merrill’s compensation

arrangements with Associates generally include thresholds regarding the

amount of compensation to be paid to Associates. Associate compensation

varies and is based on, among other things, the amount clients invest in

accounts, the number of accounts clients open and/or close, and qualitative

factors such as client satisfaction. A Merrill financial advisor is eligible to

receive ongoing compensation for a limited period of time if the total amount

invested in an MESD account exceeds a certain threshold.

You can research Merrill and our representatives using FINRA’s BrokerCheck

database.

Vesting age for UTMA (Uniform Transfer to Minor account) and UGMA

accounts (Uniform Gift to Minor account) defaults to the minimum age

definedby individual state laws.

14. Sweep Program

The deposit of checks, the sale of securities, and other activity will

periodically generate cash in your account. You have the option to have cash

balances in your account automatically deposited in a bank deposit program

(“SweepProgram”). Alternatively, you may elect that cash balances do not

sweep. Ifyou choose to not sweep your cash balances, they will not earn

interest. Thesebalances will be covered by the Securities Investor Protection

Corporation (“SIPC”) up to $250,000 per customer and by our excess-SIPC

coverage, as described in your account agreement, but they are not insured

by the FDIC. Fordetails contact MerrillEdge Self-Directed Investing at

877.653.4732, or view your account agreement. Please note that if your

account is enrolled in a Merrill investment advisory program, such as Merrill

Guided Investing, and you choose to not sweep your cash balances, you

should understand that Merrill may charge an asset-based advisory fee on the

cash in the account even though you are not earning any interest or dividends

onthatcash.

Deposits held at BankofAmerica, N.A. and/or BankofAmerica California,

N.A. (the “Merrill Affiliated Banks”) are financially beneficial to Merrill and its

affiliates. Interest rates paid on deposits are determined at the discretion

of the Merrill Affiliated Bank based on economic and business conditions.

Page 5 | MerrillEdge Self-Directed Investing Client Relationship Agreement Code 422000PM-1220

Rates may change daily. The current yield on any deposits held under the

MerrillLynch Direct Deposit Program (the “MLDD Program”) or Retirement

Asset Savings Program (the “RASP Program”) will be included on your account

statement. Note: The MLDD Program is the Sweep Program available to MESD

Cash Management Accounts (CMAs), and the RASP Program is the Sweep Program

available to Traditional IRAs, Roth IRAs, Rollover IRAs, BASIC, SEP and SIMPLE

accounts. You can also access current yield information on our website (see

the "Deposit Account & Money Fund Rates" link at the bottom of each page

of merrilledge.com), or by contacting MerrillEdge Self-Directed Investing at

877.653.4732. The interest paid on retirement account assets will be at no

less than a reasonable rate.

Your cash in the MLDD Program and the RASP Program is insured by the

Federal Deposit Insurance Corporation (“FDIC”) up to a total of the Standard

Maximum Deposit Insurance Amount (“SMDIA”) per depositor at the Merrill

Affiliated Bank. The SMDIA is $250,000 per depositor, per ownership category.

Each individual depositor receives up to the SMDIA of FDIC insurance and

each joint account with two depositors up to two times the SMDIA of FDIC

insurance. It is your responsibility to monitor the total amount of your deposits

with the Merrill Affiliated Bank to determine the extent of insurance coverage

available on your deposits. It is important to note that uninvested cash held

in more than one Merrill account (such as a CMA) may be deposited to the

same Merrill Affiliated Bank. Also, amounts in excess of the applicable FDIC

insurance limit may be deposited to the Merrill Affiliated Bank from the same

Merrill account. Any certificates of deposit that you own issued by a Merrill

Affiliated Bank will also count towards the FDIC insurance limits.

The Securities Investor Protection Corporation (“SIPC”) does not cover cash on

deposit at the Merrill Affiliated Bank. You may obtain further information about

SIPC, including the SIPC Brochure, via SIPC’s website at www.sipc.org or by

calling SIPC at 202.371.8300.

Merrill reserves the right to offer different Sweep Programs for different

accounts or clients. Merrill, may, with 30 days prior written notice, (i)make

changes to the terms and conditions of our Sweep Program; (ii)make changes

to the terms and conditions of any money account; (iii)change, add or remove

the money account available as sweep product; (iv)transfer your money

account from one sweep product to another. Available cash balances are

automatically swept into the primary money account. You affirmatively consent

to having your available cash balances sweep to MLDDP and/or RASP.

Additional Money accounts

Under the Sweep Program, you may only establish one primary money account

for the automatic deposit of cash balances in your account. However, you

may establish multiple additional money accounts and make deposits at any

time by speaking to your financial advisor. If you have established money

accounts in addition to your primary money account, and you do not have

sufficient balances in your primary money account, your additional money

account balances will be withdrawn to satisfy securities and cash management

transactions, including check writing and Visa® Card activity, in or through your

account. Ask for the applicable deposit account program disclosures for details

on deposits.

Various deposit accounts are available as additional money accounts based

on account type. Please contact MerrillEdge Self-Directed Investing at

877.653.4732 to determine if a particular option is available to you to

determine applicable rules and minimums (if any).

Confirmations and statements

In general, when we execute a transaction, we will send you a confirmation

summarizing the details. We will not send you a confirmation for certain

pre-authorized transactions in securities, including mutual funds, Sweep

Program transactions (whether for your primary money market account or any

additional money accounts) and any transaction in a money market mutual

fund (“ExemptTransactions”). We will send you an account statement (monthly

or quarterly, based in part on account type and/or activity) as a record of the

securities, cash and other assets held by us and the activity in your account

for the time period covered by the statement. Your statement will serve as a

confirmation of any Exempt Transactions. The statement will also give you

year-to-date information on dividends and interest received, as well as market

prices of the securities in your account, if available.

Automatic Liquidation of Additional Money accounts

If you have a retirement account and the funds within your primary money

account are depleted, we will automatically liquidate your Additional Money

accounts in the following order to satisfy obligations to your account(s):

Retirement Reserves I, Retirement Reserves II, Ready Asset Trust.

If you have a CMA Account and the funds within your primary money account

are depleted, you may select the order in which your Additional Money accounts

are automatically liquidated to satisfy obligations to your account(s) by speaking

with MerrillEdge Self-Directed Investing at 877.653.4732, or view your

account agreement.

15. Representations as to account ownership and capacity

toenter into agreement

You represent that no one except the person(s) signing this Agreement, or the

beneficial owner(s) if signed in a representative capacity, has an interest in this

account or any additional accounts opened in the future for you or for such

beneficial owner(s). If this account is beneficially owned by any person who is

U.S. Securities and Exchange Act Section 16 reporting person of a U.S. public

company, you represent that no funds or assets belonging to such U.S. public

company, or any entity affiliate of such U.S. public company, will be invested

through this account. If this is an individual account, you represent that you are

of legal age to contract in your jurisdiction of residence and that you are not

employed by a broker-dealer or other employer whose consent is required to

open and maintain this account by regulation or otherwise, unless such consent

has been provided to you. If any of the foregoing representations is inaccurate

or becomes inaccurate, you will promptly so advise.

You acknowledge that you fully understand English and that written

documents, agreements and information concerning your relationship with

Merrill, including but not limited to products, services, transactions and your

accounts will be provided to you in English.

16. Electronic fund transfers

If you maintain more than one account with Merrill with the same ownership

type, you may transfer funds to and from each account through Merrill’s

electronic funds transfer services.

You authorize Merrill to accept your telephonic or electronic instructions for

those transfers.

If you open any account as the trustee for a grantor revocable living trust,

yourepresent and warrant to Merrill that:

•The trust permits the funds transfers you are authorizing; or

•If applicable, such funds transfers represent valid partial or total revocations

by you and Merrill may conclusively rely on this representation.

17. Third-party research

Merrill may offer you access to third-party research on certain U.S. and

non-U.S. equity and fixed income securities. You agree that neither Merrill nor

any of its affiliates bears any responsibility or liability for third-party research

or its content that may be made available to you.

You assume full responsibility for any trading decision you make based

on third-party research. Access to third-party research is provided for

informational purposes only and does not constitute investment advice. Merrill

does not endorse or otherwise adopt third-party research reports or ratings.

18. Custody of securities

Merrill will hold all securities for the Securities account in a control location

acceptable to the Securities and Exchange Commission, which may include,

but is not limited to: (i)a securities depository, such as the federally regulated

Depository Trust Company for U.S. issuers and Euroclear for European issuers,

(ii)a Federal Reserve member bank, or (iii)a mutual fund’s Transfer Agent.

Securities are commingled in a Merrill book-entry account, generally held in

nominee name at the control location, along with securities belonging to other

Merrill customers. Your securities will at all times be separately identified

on the books and records of Merrill as belonging to you, and Merrill will

provide you with account statements that reflect your holdings. This method

of custody, which has significantly increased efficiencies and reduced the

risks associated with holding customer securities, is used by all major banks,

trust companies and brokerage firms and has been recognized as providing

unsurpassed safety for holders of securities. With regard to the custody of your

securities, Merrill acts as your agent and transmits your instructions through

the appropriate control location.

Page 6 | MerrillEdge Self-Directed Investing Client Relationship Agreement Code 422000PM-1220

Where securities are not held in nominee name, the issuer or control location,

as appropriate, recognizes Merrill as your agent and honors instructions

provided by Merrill on your behalf.

19. Referral Policy

MerrillLynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) is an

affiliate of BankofAmerica, N.A. and other subsidiaries of BankofAmerica

Corporation (collectively, “Merrill”). Merrill is one of the world’s largest

financial institutions, serving individual consumers, small- and middle-market

businesses, institutional investors, large corporations and governments with a

full range of banking, investing, asset management and other financial and risk

management products and services. In the event Merrill refers your business

among its affiliates to provide you with certain products or services, Merrill

(orits employees or representatives) may receive financial or other benefits

forsuch referrals.

20. Freezing Accounts

If at any time Merrill believes that your account may be subject to irregular,

unauthorized, fraudulent or illegal activity, we may, in our discretion, freeze

the assets in the account and in other accounts you maintain with us until

such time as we are able to complete our investigation of the account and

transactions. If we do freeze your account assets, we will provide notice to

you as soon as reasonably possible. Notice may be made by mail or verbally

orprovided by other means such as via www.merrilledge.com, where

applicable. We may not provide this notice to you prior to freezing the account

if we believe that such notice could result in a security risk to us or to the

owner ofthe funds in the account.

21. Unclaimed property —accounts presumed abandoned

State and federal law and Merrill policy govern when accounts are considered

abandoned. The applicable state law is generally the state listed as the primary

mailing address for your account. Your account could be considered abandoned

after one piece of mail is returned to us by the U.S. Postal Service. For

accounts with electronic statement delivery preferences, if the Firm attempts

to deliver your correspondence electronically and we receive notice that your

email address is no longer valid, Merrill will mail via U.S. Postal Service a

notice to the primary mailing address on your account asking that you update

your email address. If your mailing address is invalid and the mailed notice is

returned by the post office, your account may be considered abandoned. Also,

your account may be considered abandoned if there has not been any client-

initiated activity for a period of three to five years. Client-initiated activity

includes, but is not limited to, reviewing account activity online, calling a Merrill

call center, transacting in your account, or voting proxies.

Merrill is required by the unclaimed property laws to turn over accounts

considered abandoned to the applicable state. Before Merrill turns over an

abandoned account, the Firm may send a notice to the primary mailing address

on the account. Merrill may also utilize a third-party search vendor to locate a

better address to notify you of your abandoned account prior to turning your

account over to the state of last known address. After Merrill turns the funds

over to the state, Merrill has no further liability to you for the funds and/or

securities. You must apply to the appropriate state agency to claim your funds.

The state may liquidate any securities once your shares are remitted to them.

If Merrill considers your account abandoned, then (unless prohibited by federal

or state law) we may:

•Stop sending correspondence.

•Refuse to pay items drawn on or payable out of the account.

•Charge regular account fees according to the type of account you maintain

with us.

If you re-establish contact with Merrill, we do not have to reimburse you

forthese fees.

22. Account owners with Texas mailing address

Clients with a mailing address in the state of Texas may appoint a designee

who can respond to abandoned property notifications on the client’s behalf

and prevent an account from being classified as abandoned and turned over

to the state of Texas. Please contact MerrillEdge Self-Directed Investing at

877.653.4732 or the Abandoned Property Department at 800.581.5858 for

additional information.

MerrillLynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided

bycompanies that are affiliates of BankofAmerica Corporation (“BofACorp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned

subsidiary of BofACorp.

Banking products are provided by BankofAmerica, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of BankofAmerica Corporation.

Merrill, its affiliates and financial advisors do not provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

Unless otherwise noted, all registered trademarks and trademarks are the property of BankofAmerica Corporation.

Visa is a registered trademark of Visa International Service Association and is used by the issuer pursuant to license from Visa U.S.A. Inc.

Investment products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

To learn about BankofAmerica’s environmental goals and initiatives, go to bankofamerica.com/environment. Leaf icon is a registered trademark of BankofAmerica Corporation.

Page 7 | MerrillEdge Self-Directed Investing Client Relationship Agreement Code 422000PM-1220

 Merrill Edge

Self-Directed Investing

These MerrillEdge® Self-Directed Investing Terms of Service (the “Terms of

Service”) are made between MerrillLynch, Pierce, Fenner & Smith Incorporated

(“Merrill”) and you and govern your MerrillEdge Self-Directed Investing Account

Relationship. “You” and “your” refers to each MerrillEdge Self-Directed

Investing Account owner.

In the case of an entity, “you” and “your” refers to the entity, and by enrolling,

the entity agrees that access to MerrillEdge Self-Directed Investing shall be

restricted to Authorized Representatives (as defined in the Account Agreement)

for such entity and that the entity will be liable for all acts or omissions of such

Authorized Representatives in violation of these Terms of Service.

MerrillEdge Self-Directed Investing (also referred to herein as “MESD”) is

the marketing name for certain brokerage services offered to clients on a

self-directed basis through MerrillLynch, Pierce, Fenner & Smith Incorporated

(“Merrill”). For the purpose of the MerrillEdge Self-Directed Terms of Service,

Merrill and MESD, which are made available through MerrillLynch, Pierce,

Fenner & Smith Incorporated (“MLPF&S”), refer to certain brokerage services

offered to clients on a self-directed basis through MerrillLynch, Pierce, Fenner

& Smith Incorporated (“Merrill”) and which are the subject of these Terms.

When you agree to these Terms of Service, you are agreeing that such terms

will apply to all of your MESD Accounts, transactions and services.

These Terms of Service incorporate all disclosures displayed on the

MerrillEdge Self-Directed Investing website from time to time, including our

fees and commissions, and they supplement the MerrillEdge Self-Directed

Client Relationship Agreement which you are required to sign as well as your

MerrillEdge Self-Directed Investing Cash Management Account Agreement

and/or your Merrill traditional IRA or IRA Rollover Custodial Agreement or

Roth Individual Retirement Account Agreement and/or your MerrillEdge

Self-Directed Investing Business Investor Account Financial Service Account

Agreement and/or your Merrill Retirement Cash Management Financial

Service Account Agreement and/or your Merrill Simple Retirement Account

Custodial Agreement and/or your Merrill Simplified Employee Pension Program

Agreements, as applicable, which otherwise remain in full force (and all such

account types, and any account types that may be introduced by MESD from

time to time, will herein be referred to as “Account”). By using MerrillEdge

Self-Directed Investing, you are representing to Merrill and its licensors and

Information Providers that you are at least eighteen years old (or the minimum

legal age in your jurisdiction).

Merrill reserves the right to add, delete or modify MESD functionality and

trading rules and to amend or supplement these Terms of Service or any other

agreement among or between the parties upon notice, such notice delivered

by regular mail, by email, by an on-screen alert or via the Merrill websites. In

particular, Merrill reserves the right upon notice to change its fees, to add fees

for items for which it does not currently charge and to institute an inactivity

fee for periods in which there is no fee-generating activity in your Account.

Merrill also reserves the right to terminate your enrollment in MerrillEdge Self-

Directed Investing at any time for any reason without notice.

MerrillLynch, Pierce, Fenner & Smith Incorporated offers its products,

accounts and services through different service models (e.g., self-directed,

full-service). Based on the service model, the same or similar products,

accounts and services may vary in their price or fee charged to a client.

1. Nature of the MerrillEdge Self-Directed Investing Service

MerrillEdge Self-Directed Investing is designed for U.S.-based investors who

wish to make their own investment choices in a MerrillLynch, Pierce, Fenner &

Smith Incorporated brokerage account.

Neither Merrill, nor MESD, nor any Merrill or MESD representative will provide

you with investment advice, including any recommendations, or offer any

opinion regarding the suitability of any security, order, transaction, or strategy

in a MerrillEdge Self-Directed Investing Account, or monitor your investment

or the appropriateness of your account or service level, or alert you to any

recommended change to your investments, investment accounts, or services.

Neither Merrill nor MESD, nor any Merrill or MESD representative, will provide

any tax or legal advice.

No Merrill Research opinion, Independent Research opinion, the inclusion of

a security on any list, or any information provided to you either on the Merrill

website or by mail or any other means constitutes a recommendation to you

to purchase, hold or sell any investment. By entering into this Agreement, you

agree that any transactions executed through your MerrillEdge Self-Directed

Investing Account, whether based on information obtained from Merrill or

elsewhere, will be solely your own decision and based on your own evaluation

of your personal financial situation, needs, and investment objective(s).

In addition to retaining the sole responsibility for investment decisions, you

understand and agree that you are responsible for knowing the rights and

terms of all securities in your account, specifically including valuable rights

that expire unless the holder takes action. This includes, but is not limited to,

warrants, stock rights, convertible securities, bonds, and securities subject to

a tender or exchange offer. You understand and agree that Merrill accepts no

obligation to notify you of any upcoming expiration or redemption dates, or,

except as required by applicable law or regulation, to take any action on your

behalf without specific instructions from you. You also agree that all dividends

and interest payments credited to your account shall accumulate rather than

be paid to you upon receipt, but shall be subject to your withdrawal from time

to time upon request for a check or other funds transfer.

Notwithstanding the foregoing, in its capacity as an investment adviser

Merrill may provide investment advice or recommend securities transactions

or investment strategies to you within certain investment advisory programs.

To enroll in such an investment advisory program, such as the Merrill

Guided Investing Program, you may be required to establish and maintain a

MerrillEdge Self-Directed Investing Account. Merrill acts as an investment

adviser and not a broker-dealer for the investment advisory services provided

within these investment advisory programs. To the extent that Merrill provides

investment advice or recommends any securities transactions or investment

strategies to you within any such investment advisory program, you understand

and agree that Merrill does so in its capacity as an investment adviser and not

as a broker-dealer. You will be required to enter into a separate agreement with

Merrill and its affiliates to participate in an investment advisory program. The

terms governing any such investment advisory program will control if there are

any inconsistencies with the terms of these Terms of Service. If your account

serves as the securities account for a Merrill investment advisory program,

certain features of MerrillEdge Self-Directed Investing, such as the Margin

Lending Program, check writing, and Visa cards, may not be available to you. If

your account serves as the securities account for a Merrill investment advisory

program and if, for any reason, you terminate from the investment advisory

Page 1 | MerrillEdge Self-Directed Investing Terms of Service Code 422001PM-0321

program without transferring the securities and assets out of your account,

your account will be a MerrillEdge Self-Directed Investing Account without

any investment advisory relationship. As such, and as explained more fully in

the preceding paragraphs, neither Merrill, nor any Merrill representative, will

provide any investment advice or give any advice or offer any opinion regarding

the suitability of any security, order or transaction in a MerrillEdge Self-

Directed Investing Account.

2. Account Data Access; User ID and Password;

Safeguarding Credentials

MerrillEdge Self-Directed Investing is intended to be delivered to you via the

Internet using commercially available third-party web browsers. MerrillEdge

Self-Directed Investing permits you to view account data for your primary Merrill

Account and any other accounts that are linked to such primary Account from

time to time. By using MerrillEdge Self-Directed Investing, you represent

on a continuing basis that you are authorized to have viewing access to any

Account for which you and other linked account parties have requested linking

of Accounts. Merrill allows each account holder to create a separate User ID

and Password for each MerrillEdge Self-Directed Investing Account. You agree

that each account holder shall be responsible at all times for maintaining the

confidentiality of their personal information and their User ID and Password

and will not make them available to other account holders or any third parties. If

you do allow other account holders or third parties to access MerrillEdge Self-

Directed Investing (including your accounts) using your personal information

or your User ID and Password, you agree to hold Merrill, its directors, officers,

employees, agents and affiliates (collectively, “Other Persons”) harmless and to

indemnify Merrill and all Other Persons against any liability, costs or damages

arising out of claims or suits by any account holder, including yourself, or such third

parties based upon or relating to such access. If you believe that someone has

used your credentials, such as your User ID and Password, to access MerrillEdge

Self-Directed Investing without your authorization, you agree to contact our

MerrillEdge Self-Directed Investment Center immediately at 877.653.4732.

All daily Account data is provided as a convenience and for your information,

but it is not the official record of your Account activity with Merrill; your Merrill

Account statement provided to you online each month (or by mail quarterly

or monthly as required) is such official record. Account data provided through

MerrillEdge Self-Directed Investing is generally updated as of the prior

business day’s close of business, but is subject to adjustment and correction.

Merrill may also collect and/or use certain information from or through your

browser or device. Most browsers and/or devices (including your computer, tablet

and mobile phone) collect certain information, including but not limited to your

Media Access Control (MAC) address, device type, screen resolution, operating

system version, internet browser type and version, local date and time, and the

prior web page visited leading you to our websites. Merrill uses this information

to ensure our websites function properly, for fraud detection and prevention, and

security purposes. For more information about our privacy and security practices

and a link to our Privacy Notice for U.S. Consumer Customers and U.S. Online

Privacy Notice, go to our website at www.ml.com/privacy.

3. Account Application Process and Delivery of Communications

You may be able to apply for an Account by completing the Account application

process (1) via the internet; (2) via a hardcopy paper application; or (3) via an

iPad or other device that is owned and provided by BankofAmerica and/or

Merrill in a BankofAmerica, N.A. Financial Center. You must have a valid email

address to open any MerrillEdge Self-Directed Investing Account. You agree

that you will provide us with a valid email and postal mailing address, and that

you will immediately notify us of any changes to your email or mailing addresses.

With the exception of Small Business 401(k) accounts (which are discussed in more

detail below), if you complete the Account application process via the internet, you

must consent to the Electronic Communications Disclosure (“eCommunications

Disclosure”). Your consent to the eCommunications Disclosure allows us to

provide communications to you electronically. The eCommunications Disclosure

also provides important information about paperless delivery, such as, among

other things, the types of communications you can receive electronically and the

hardware and software required to receive communications electronically. As

discussed in Section 4 of the eCommunications Disclosure, we may, at times and

in our sole discretion, mail you a paper copy of certain communications even if you

agree to electronic delivery by consenting to the eCommunications Disclosure.

If you complete the Account application process via a hardcopy paper

application or via the iPad or other device that is provided by BankofAmerica

and/or Merrill in a BankofAmerica, N.A. Financial Center, you agree to receive

all notices, statements, disclosures and other information regarding your

Account in paper form, delivered to your last-designated postal mailing address

unless and until you elect to change the method of delivery for documents

and other written communications to electronic delivery. In order to make that

change, you will be required to (1) enroll in www.merrilledge.com, which is an

internet-based service that provides 24-hour access to Account information,

Merrill research and investment information, market data, and news; (2)

demonstrate access to the information available via www.merrilledge.com;

and (3) affirmatively consent to the eCommunications Disclosure.

Note regarding Small Business 401(k) accounts: You must complete the

application process via the internet, but you will not be required to consent

to the eCommunications Disclosure as you do not have the option to

exclusively receive communications related to this Account electronically.

Some communications, such as Account statements, may be retrieved via

the internet, but all communications will be delivered in paper.

4. Corporate Actions

It is important to understand corporate actions (such as stock splits, tender

offers, rights issues, etc.) and how they can affect your investments. In certain

instances outside of our control, issuers may provide late notice on voluntary

corporate action events which, in turn, delays notices from being delivered to

you. Merrill will make best efforts to notify you as soon as practically possible

of a corporate action, but due to printing and mailing timelines, some notices

may be delivered late, even past the deadline. Enrolling in Online Delivery of

Service Notices will help ensure the timeliest delivery possible of corporate

action notices and also give enhanced flexibility, convenience, and visibility

on your accounts. Merrill may also provide corporate action notices to you

on voluntary events where eligibility restrictions apply. We will ensure that

all shareholders are notified of these type of events, although it is your

responsibility to determine whether you are eligible to participate in an event

based on the terms of the notification.

5. Hyperlinks

Merrill may make available links from its websites to other third-party websites

or electronic services providers that are not affiliated with Merrill. Merrill does

not control these other websites or services, and Merrill has not adopted and

makes no representations or endorsements whatsoever concerning those

websites or services. The fact that Merrill has provided a link to a website is not

an endorsement, authorization, sponsorship, or affiliation with respect to such

website, its owners, or its providers. There are risks in using any information,

software, service or product found on the Internet and Merrill cautions you

to make sure you understand these risks before retrieving, using, or relying

upon anything via the Internet. You agree that under no circumstances will you

hold Merrill liable for any loss or damage caused by use of or reliance on any

content, goods or services available on such other websites.

6. Quotes, News and Research; Use of Data and Information

Quotes, news, research, ratings and other information provided through

MerrillEdge Self-Directed Investing are obtained from sources we believe to be

reliable, but we cannot guarantee the accuracy, timeliness or completeness of

such information for any particular purpose. Such data and information and any

Merrill Research or independent research opinions provided do not constitute

investment advice, or a solicitation by Merrill for the purchase or sale of any

securities, or a representation that any securities are suitable for you.

All such data and information is protected by copyright and other intellectual

property laws and may only be used for personal and non-commercial use, and not

for providing professional investment advice or for providing securities processing

services or other similar back office functions. If you download any information

from MerrillEdge Self-Directed Investing for your personal reference, you agree

that you will not remove or obscure any copyright or other notices contained

in any such information. Except as provided in the preceding sentence, you

agree not to copy, reproduce, modify, sell, distribute, transmit, display, perform,

circulate, transfer, broadcast, create derivative works from, publish, or use for any

commercial or unlawful purpose any quotes, news, research, text images, audio,

video or other information you receive through MerrillEdge Self-Directed Investing.

Page 2 | MerrillEdge Self-Directed Investing Terms of Service Code 422001PM-0321

Merrill and its licensors and Information Providers (as defined in Section 14 below)

may change or discontinue any quotes news, research or other information at any

time provided within MerrillEdge Self-Directed Investing at any time.

Merrill offers you access to Independent Research on all domestic and

selected international stocks covered by Merrill Research under the terms of

an agreement with regulators. The providers of this independent Research

are chosen by an Independent Consultant, not by Merrill. You agree that

Merrill will not be responsible or liable for (i) the procurement decisions of the

Independent Consultant with respect to the Independent Research, (ii) the

Independent Research or its content (iii) customer transactions, to the extent

based on the Independent Research, or (iv) claims arising from or in connection

with the inclusion of Independent Research ratings in confirmations and

Account statements, to the extent such claims are based on those ratings. You

also agree that Merrill will not be required to supervise the production of the

Independent Research procured by the Independent Consultant and will have

no responsibility to comment on the content of the Independent Research.

7. Financial Tools, Education and Calculators

MerrillEdge Self-Directed Investing may also provide you with financial tools

and education, including calculators. The tools and calculators may allow you

to model “what-if” scenarios for various financial goals, the results of which are

illustrative and are based on the information and assumptions identified. There

is no guarantee that the results shown will be achieved, and changes in tax laws,

financial markets or your financial situation may cause actual results to deviate

substantially from those reflected in these tools. In addition, these tools and

calculators are not part of any financial report for which you may have paid a fee,

even if the tools and calculators include information derived from or contained in

the financial report. In addition, no tools, education or calculators are intended to

provide individual product recommendations or investment strategies.

8. Phone Service

MerrillEdge Self-Directed Investing phone-based representatives are available

24 hours per day, 7 days per week. These representatives are available to assist

you with various administrative functions related to applying for and opening

Accounts and providing you with access to www.merrilledge.com. They can also

assist with various requests related to your Account, such as address changes,

name changes, changes to the beneficiaries designated on your Account (if

applicable), and money movement requests, among other things.

MerrillEdge Self-Directed Investing phone-based representatives are also

available to you for technical support between the hours of 7:30 a.m. and

6:00 p.m. Eastern, Monday through Friday. You understand and agree that

the services described above are only examples of the types of services that

the phone-based representatives may be able to perform, and that Merrill

reserves the right to change the services and functions that the phone-based

representatives may perform from time to time.

MerrillEdge Self-Directed Investing phone-based representatives will not

provide investment advice or investment recommendations or offer any

opinion regarding the suitability of any security, order, transaction or strategy

in a MerrillEdge Self-Directed Investing Account. MerrillEdge Self-Directed

Investing phone-based representatives will not provide any tax or legal advice.

MerrillEdge Self-Directed also provides an automated phone service referred to as

the MESD IVR. Through the MESD IVR, you are able to request security quotes and

review account information, such as balances, account holdings, and recent activity.

9. Email

Two email or electronic mail options are available via www.merrilledge.com,

unsecured email and electronic mail via the Secure Message Center. You agree that

neither unsecured email nor the Secure Message Center is to be used to request,

authorize or effect the purchase or sale of any securities or other investments, to

send funds transfer instructions, or for any other financial transactions that require

real-time communication or more formal written authorization in accordance with

applicable law or Merrill policies. Any such requests, orders, or instructions that you

send via email in contravention of the foregoing agreement will not be accepted

and will not be processed by Merrill. Merrill will not be responsible for any loss or

damage that could result from your supplying us with personal information via

email or your requests, orders or instructions not being accepted or processed in

accordance with the preceding sentence.

Unsecured Email

Unsecured email is available via the Help & Support link prior to client login.

Unsecured email provides individuals with the opportunity to send messages

concerning Merrill procedures and general Merrill questions. No Account-

specific information will be provided in response to a message received via

unsecured email. Additionally, Merrill will not open any documents or files that

are attached to or submitted via unsecured email.

Secure Message Center

The Secure Message Center is available to you after logging in to

www.merrilledge.com as a secure email tool to contact Merrill representatives.

Through the Secure Message Center, you can submit Account-specific inquiries

to Merrill. You can also submit documents to Merrill via the Secure Message

Center and perform or request certain administrative functions. You understand

and agree that Merrill may change the functionality of the Secure Message

Center from time to time.

10. Order Entry Security

Merrill allows each Account holder to create a separate User ID and Password

for each MerrillEdge Self-Directed Investing Account. You agree that each

Account holder shall be responsible for all orders entered through MerrillEdge

Self-Directed Investing using the User ID and Password initially created or

changed by the Account holder regardless of who enters such orders. You

agree that each account holder shall be responsible at all times for maintaining

the confidentiality of their personal information and their User ID and

Password and will not make them available to other account holders or any

third parties. If you do allow other account holders or third parties to access

MerrillEdge Self-Directed Investing (including your accounts) using your

personal information or your User ID and Password, you agree to hold Merrill,

its directors, officers, employees, agents and affiliates (collectively, “Other

Persons”) harmless and to indemnify Merrill and all Other Persons against any

liability, costs or damages arising out of claims or suits by any account holder,

including yourself, or such third parties based upon or relating to such access.

11. Order Entry Trading Rules

MerrillEdge Self-Directed Investing allows you to enter orders to buy and sell

U.S. market traded equities, including exchange-listed and widely-held over-

the-counter stocks, a wide selection of mutual funds, and certain bonds and

certificates of deposit. MerrillEdge Self-Directed Investing is not designed

to be a brokerage service for investors who trade in low-priced securities or

foreign securities. Merrill intends to maintain an order entry policy for low-

priced stocks and other trading rules, which will be subject to change from

time to time upon posting on the MerrillEdge Self-Directed Investing site

or the optional Merrill Mobile Brokerage service. MerrillEdge Self-Directed

Investing is intended to be available for order entry seven (7) days a week,

twenty four (24) hours a day, except for brief maintenance periods; however,

Merrill does not warrant that the service will be uninterrupted. Orders sent

outside of regular U.S. Market hours will be held and entered on the primary

market during market hours on the next trading day. Certain orders may be

blocked or subject to pre-review by Merrill, which may take up to several

minutes to process. Merrill reserves the right to place restrictions on your

Account in its sole discretion, and to cancel any order that we believe would

violate federal credit regulations or other regulatory limitations; however,

Merrill will have no responsibility or liability for failing to cancel any order.

12. Your Responsibilities Regarding Order Entry

All orders entered through MerrillEdge Self-Directed Investing shall be subject

to the applicable rules, customs and usages of the exchange or market, and

its clearinghouse, on which such orders are transacted by Merrill, including our

affiliates, including cancellation of orders in certain circumstances. Whether or not

funds are available in your Account on trade date, you agree to pay by settlement

date for any trade for which you place an order through MerrillEdge Self-Directed

Investing. You agree that you will immediately notify Merrill by telephone and

confirm the same in writing if you become aware of any discrepancy in your

Account balance or security positions or if you have reason to believe that a third

party is using your User ID and Password without your authority. If you fail to

notify Merrill when any of the above conditions occur, neither Merrill nor any Other

Persons shall have any responsibility or liability to any account holder or any other

person claiming through any account holder for any claims with respect to the

handling, mishandling or loss of any order. You agree to accept full responsibility for

the monitoring of your Account with respect to all transactions entered.

Page 3 | MerrillEdge Self-Directed Investing Terms of Service Code 422001PM-0321

13. Limitation on Merrill’s Responsibilities and Liability

You agree that Merrill will not be responsible for the accuracy, completeness

or use of any market data news or research information provided through

MerrillEdge Self-Directed and Merrill does not make any warranty concerning

such information. You further agree that all orders placed through MerrillEdge

Self-Directed Investing are at your sole risk and responsibility based on your

own evaluation of your financial circumstances and investment objectives.

MerrillEdge Self-Directed Investing may display on the order entry screen

Merrill Research’s quality rating and investment opinion on companies, if

available, as well as Independent Research opinions; however, such information

and opinions by themselves do not constitute investment advice, or a solicitation

or recommendation by us for the purchase or sale of any securities, or a

representation that any securities are suitable for you.

You understand and agree that MerrillEdge Self-Directed Investing utilizes

the Internet to transport data and communications. Merrill will take reasonable

security precautions to safeguard data and communications; however,

Merrill disclaims any liability for interception and/or use of any such data or

communications. You agree that neither Merrill nor any third party working

with Merrill to provide services hereunder shall be responsible for any damages

caused by communications line failure, systems failure, and other occurrences

beyond their control, or from any unauthorized trading or theft by any third

party who gains access to your Account by use of your User ID and Password

as a result of your intentional or unintentional conduct, including negligence by

you. Merrill will not be responsible for any access costs you incur to connect to

MerrillEdge Self-Directed Investing.

Neither Merrill nor any third party makes any representations or warranties

expressed or implied with respect to MerrillEdge Self-Directed Investing,

including without limitation, any implied warranties of merchantability

or fitness for a particular purpose. To the extent permitted by law, under

no circumstances, including negligence, will Merrill or any of its affiliates,

directors, officers or employees, or any third party vendor be liable or have any

responsibility of any kind for any loss or damage that you incur in the event of

any failure or interruption of MerrillEdge Self-Directed Investing, or resulting

from the act or omission of any other party involved in making MerrillEdge

Self-Directed Investing available to you, or from any other cause relating

to your access to or use of MerrillEdge Self-Directed Investing, whether or

not the circumstances giving rise to such cause may have been within the

control of Merrill or of any vendor providing software or services support for

MerrillEdge Self-Directed Investing. In no event will Merrill or any such parties

be liable to you for any special, indirect, consequential or incidental damages

even if Merrill or any other party have been advised of the possibility thereof.

Any liability arising out of any action or omission by Merrill or any such parties

shall be limited to an amount equal to the benefit which the transaction

would have resulted in during the period between the date of a trade and

the applicable time for settlement of such trade.

14. Executing Your Order

We do business with our clients in two ways: as an agent or as a principal.

As an agent — We act as an agent in many listed and unlisted securities,

obtaining a buyer or seller for you. Depending on your service model and

account type, we may add a commission to the execution price.

As a principal— We or our affiliates act as a principal in many listed and

unlisted securities, buying from sellers and selling to buyers. There may appear

on your confirmations from time to time the words, “We or our affiliate may

act as principal.” This means that Merrill or its affiliates are buying or selling

that particular security, acting as a dealer, and maintaining their own inventory

for that purpose. To the execution price (with the exception of underwriting

transactions), we add a charge on the buy side called a “markup” and we

subtract a “markdown” on the sell side.

Our role as agent or principal, and the marketplace in which your transaction

was effected, is disclosed on your confirmation. In either role, our objective is

to find a competitive execution price for you.

15. Order Execution and Routing Disclosures

Exchange-listed securities —When you buy or sell round lots (usually 100

shares) of listed stocks, or when you buy or sell listed options, we generally

route your order through a routing system to what are expected to be the

best execution venues for the order. We handle your order so as to obtain

a competitive execution price in line with our regulatory obligations. Our

electronic order-processing system automatically channels your order to an

appropriate market center given the characteristics of the order, market data

and trading statistics. Our trading desks, or the trading desks of one or more

of our affiliates, may be one of these market centers or venues where the

execution may occur. If that is the case, your confirmation will indicate that

we acted as principal in connection with the purchase or sale transaction.

We have in place effective internal controls, including information barriers,

to prevent the inappropriate sharing of order information among our equity

trading desks. In this regard, each of our equity trading desks independently

conducts its trading activities. To the extent permitted by rule or law, when a

Merrill equity trading desk or unit (including a market-making desk or unit that

engages in block positioning and provides firm bid/offer quotes) handles your

equity orders, other equity trading desks or units of Merrill or its affiliates may

separately transact — without knowledge of your orders — for their principal

accounts at prices that would satisfy your orders. Conversely, if your orders

are handled by an equity trading desk or unit of Merrill or its affiliates, and no

attempt is made to obtain liquidity for your orders from our market-making

desk or the market-making desk of one of our affiliates, you should understand

that the market-making desk may separately transact —without knowledge of

your orders — for its principal at prices that would satisfy your orders. In either

case, the execution prices of any trading desk or unit that did not handle your

order, transacting for its principal accounts, could be better, the same, or worse

than the prices you receive for the same security.

Over-the-counter markets— Securities that are not listed on an exchange

may be traded in the over-the-counter markets. Merrill and its affiliates may be

participants in an over-the-counter market and execute your orders as principal.

Merrill fully complies with SEC and FINRA order handling requirements. We

handle your order so as to obtain a competitive execution price. We regularly

monitor the quality of our executions. This includes reviewing the order

flow sent to Merrill affiliates who may support or provide order routing and/

or execution services on our behalf, as well as to certain third-party broker-

dealers or counterparties who we authorize as our liquidity providers. We

take into account many factors in determining the quality of executions and

to inform our routing decisions for retail-sized held orders. This includes, for

National Market System equity securities, certain industry metrics, including

but not limited to execution prices in relation to the publicly quoted spread

at the time (referred to as “effective over quoted” or E/Q), to the extent such

reference data is available.

Under FINRA rules, we are required to disclose to you descriptions of stop

quote and stop quote limit orders. Depending on your Merrill service channel,

you may have the option to place one or both of these order types. Merrill may

execute any of these orders itself or through one or more of its affiliates.

A stop quote order is a market order to buy or sell when the bid quote or

offer quote, as applicable, reaches a specified price.

Equity sell stop quote orders are placed at a stop price below the current

market price and will trigger if the national best bid quote is at or lower than

the specified stop price.

Equity buy stop quote orders are placed at a stop price above the current

market price and will trigger if the national best offer quote is at or higher than

the specified stop price.

Option sell stop orders are placed at a stop price below the current market

price and will trigger if the national best offer is at or lower than the specified

stop price.

Page 4 | MerrillEdge Self-Directed Investing Terms of Service Code 422001PM-0321

Option buy stop orders are placed at a stop price above the current market

price and will trigger if the option trades or has a prevailing bid quote at or higher

than the specified stop price on the exchange to which the order is routed. Once

triggered, a stop quote order becomes a market order (buy or sell, as applicable), and

execution prices can deviate significantly from the specific stop price. For equities,

a stop quote order is not guaranteed to execute as the order will not be triggered

unless the stop price is reached. For listed options, a stop order is not guaranteed to

execute as the order will not be triggered unless the stop price is reached and, even

if triggered, your order may not be executed if there is no prevailing bid quote (in the

case of a sell stop order) or a prevailing offer quote (in the case of a buy stop order)

available on the exchange to which your order is routed.

A stop quote limit order combines the features of a stop quote order and a

limit order.

Equity sell stop quote limit orders are placed at a stop price below the current

market price and will trigger if the national best bid quote is at or lower than the

specified stop price.

Equity buy stop quote limit orders are placed at a stop price above the current

market price and will trigger if the national best offer quote is at or higher than the

specified stop price above the current market price and will trigger if the option

trades or has a prevailing bid quote at or higher than the specified stop price on

the exchange to which the order is routed. Once triggered, a stop quote limit order

becomes a limit order (buy or sell, as applicable) at a specified limit price, and

execution may not occur as the market price can move away from the specified

limit price. For equities, a stop quote limit order is not guaranteed to execute as the

order will not be triggered unless the stop price is reached and, even if triggered,

your order may not be executed as the market price can move away from the

specified limit price. For listed options, a stop limit order is not guaranteed to

execute as the order will not be triggered unless the stop price is reached and, even

if triggered, your order may not be executed if there is no prevailing bid quote (in

the case of a sell stop limit order) or a prevailing offer quote (in the case of a buy

stop limit order) available on the exchange to which your order is routed or if the

market price moves away from the specified limit price.

Option sell stop limit orders are placed at a stop price below the current market

price and will trigger if the option trades or has a prevailing offer quote at or lower

than the specified stop price on the exchange to which the order is routed.

Option buy stop limit orders are placed at a stop price above the current market

price and will trigger if the option trades or has a prevailing bid quote at or higher

than the specified stop price on the exchange to which the order is routed. Once

triggered, a stop quote limit order becomes a limit order (buy or sell, as applicable)

at a specified limit price, and execution may not occur as the market price can

move away from the specified limit price. For equities, a stop quote limit order is

not guaranteed to execute as the order will not be triggered unless the stop price is

reached and, even if triggered, your order may not be executed as the market price

can move away from the specified limit price. For listed options, a stop limit order

is not guaranteed to execute as the order will not be triggered unless the stop price

is reached and, even if triggered, your order may not be executed if there is no

prevailing bid quote (in the case of a sell stop limit order) or a prevailing offer quote

(in the case of a buy stop limit order) available on the exchange to which your order

is routed or if the market price moves away from the specified limit price.

Often for those securities in which Merrill or one of its affiliates makes a market,

we will use best efforts to execute larger-sized client orders by testing whether,

and how much, stock can be bought at currently displayed quotes, in addition

to what is reflected in the quote of Merrill or its affiliate. We may then manually

execute client orders based on the liquidity we are able to access, which may

involve the simultaneous execution of one or more client orders received over a

period of time. Those orders may receive executions at prices that approximate

the volume-weighted average price during that period. MerrillLynch routes orders

in securities in which we do not make a market to other market makers, which can

include one or more of its affiliates or other unaffiliated third-party market makers.

The Securities and Exchange Commission (“SEC”) adopted a rule requiring market

centers to publicly disclose, on a monthly basis, uniform statistical measures of

order execution quality. These measures include, but are not limited to, how market

orders of various sizes are executed relative to the public quotes and information

about the spreads paid by investors. The SEC has also adopted a rule requiring all

brokerage firms to make publicly available quarterly reports on their order routing

practices. In accordance with these rules, Merrill’s order routing statistics are

available for public review by visiting https://www.ml.com/legal.html and clicking

through the link provided in the “Routing Disclosures Made Pursuant to Rule 606

of SEC Regulation NMS” section. Merrill affiliates may maintain trading desks

engaged in market making or other trading functions to which your orders may be

routed for execution or from whom an execution price for the transaction may be

obtained. The execution disclosures of BofA Securities, Inc., a Merrill affiliate and

market center, are available for public review by visiting https://www.bofaml.com/

en-us/content/best_execution.html.

Note: Under SEC rules, we are required to inform you that Merrill does not receive

payment for order flow from liquidity providers to which Merrill routes its customer

orders in equity securities. Merrill may receive rebates from and pays fees to

certain registered securities exchanges for providing or taking liquidity on those

exchanges, according to those exchanges’ published fee schedules approved by

the SEC. In some cases, the rebates received by Merrill from an exchange may,

over a period of time, exceed the fees paid to the exchange. Merrill may also

participate in the options order flow programs sponsored by the NYSE American

Options, the NYSE Arca Options, the Cboe options exchanges, and the Nasdaq

options exchanges. These exchange sponsored programs offer payments for listed

option orders that are directed to such options markets. In addition, in some cases

involving large equity securities trades where you direct that a Merrill affiliate

execute your order as principal, Merrill may share in the compensation paid to its

affiliate for the affiliate’s services.

16. Agreement With Information Providers Regarding MarketData

The securities prices, quotations, research, ratings, news and other information

provided on MerrillEdge Self-Directed Investing are provided by various third

party sources that include, but are not limited to, the New York Stock Exchange,

Inc., American Stock Exchange Inc., NASDAQ Stock Market, Inc., The Options

Price Reporting Authority, and its participant exchanges, Dow Jones & Company,

Inc., Standard & Poor’s Financial Services, LLC, Moody’s Investor Services, Inc.,

Morningstar Inc., and their respective affiliates, agents and others, including persons

or entities that act as data processors on behalf of the foregoing (collectively,

“Information Providers”). By using the MerrillEdge Self-Directed Investing website,

you acknowledge and agree that: (1) securities prices, quotations research, ratings,

news and other information received from Information Providers (“Market Data”)

are solely for your individual use and you will not retransmit or furnish Market

Data to any other person or entity, except to other officers, partners or employees

if you are an entity; (2) the Market Data is and shall remain the property of the

respective Information Providers or of the market on which a reported transaction

took place or a reported quotation was entered; (3) at any time, Information

Providers may discontinue disseminating any category of Market Data, may change

or eliminate any transmission method and may change transmission speeds or

signal characteristics, and you shall not hold the Information Providers liable for

any resulting liability, loss or damages that may arise there from; and (4) your

agreements set forth herein and the disclaimers of warrant, and disclaimers of

liability set forth below are for the express benefit of the Information Providers as

third party beneficiaries and they may enforce these provisions against you.

Notwithstanding any provisions to the contrary contained herein, with respect to

Dow Jones & Company, Inc. only: (1) you may, on an occasional and irregular basis,

reproduce, distribute, display or transmit an insubstantial portion of the Market

Data provided by Dow Jones & Company, Inc. (the “Dow Jones information”), for a

non-commercial purpose and without charge, to a limited number of individuals,

provided you include all copyright and other proprietary rights notices with such

portion of the Dow Jones Information in the same form in which the notices appear

on the Dow Jones Information, the original source attribution, and the phrase

“Used with permission from Dow Jones& Company”; (2) if you are an entity, you

may only retransmit or furnish the DowJones information to officers, partners or

employees in accordance with the foregoing sentence.

Notwithstanding any provisions to the contrary contained herein, the following

additional provisions apply to Market Data provided by Moody’s Investor

Services, Inc. (“Moody’s”): The credit ratings if any, constituting part of the

Market Data are, and must be construed solely as, statements of opinion and

not statements of fact or recommendations to purchase, sell or hold securities.

Each rating or other opinion must be weighted solely as one factor in any

investment decision made by or on behalf of any user of the Market Data, and

each user must make its own study and evaluation of each security and of

each issuer and guarantor of, or of each provider of credit support for, each

security that it may consider purchasing, holding, or selling. Moody’s hereby

discloses that most issuers of debt securities and rated by Moody’s have, prior

to assignment of any rating, agreed to pay Moody’s for the appraisal and rating

services rendered by its fees ranging from $1,500 to $1,500,000.

Page 5 | MerrillEdge Self-Directed Investing Terms of Service Code 422001PM-0321

These Terms of Service shall remain in effect as to the Information Providers

for so long as you have the ability to receive Market Data through the

MerrillEdge Self-Directed Investing website as contemplated hereby. In

addition, either you or Merrill may terminate your access to Market Data at

any time. You understand that Merrill is obligated to terminate access to

this site as to the provision of any or all of the Market Data pursuant to this

paragraph upon notice to that effect from any of the Information Providers.

The foregoing provisions regarding the proprietary nature of Market Data, third

party beneficiary enforcement by the Information Providers, and the disclaimer

of liability and disclaimer of warranty by the information Providers survive

termination of your access to Market Data. These Terms of Service supersede

each previous agreement between you and the Information Providers insofar

as the superseded agreement pertains to Market Data provided to you through

the MerrillEdge Self-Directed Investing website.

Disclaimer of Warranties and Liability Regarding Information Providers

and Market Data

THE MARKET DATA ACCESSIBLE THROUGH the MerrillEdge Self-Directed

Investing website IS PROVIDED “AS IS” AND THERE MAY BE DELAYS,

OMISSIONS OR INACCURACIES IN SUCH DATA. MERRILL, THE INFORMATION

PROVIDERS, AND THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES,

AFFILIATES AND AGENTS CANNOT AND DO NOT GUARANTEE THE

ACCURACY, SEQUENCE, COMPLETENESS, CURRENTNESS, TIMELINESS,

MERCHANT-ABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE OR

NONINFRINGEMENT Of THE MARKET DATA MADE AVAILABLE THROUGH

the MerrillEdge Self-Directed Investing website AND HEREBY DISCLAIM

ANY SUCH EXPRESS OR IMPLIED WARRANTIES. NEITHER MERRILL,

THE INFORMATION PROVIDERS, NOR THEIR RESPECTIVE DIRECTORS,

OFFICERS, EMPLOYEES, AFFILIATES AND AGENTS SHALL BE LIABLE TO

YOU OR TO ANYONE ELSE FOR ANY LOSS OR INJURY WHETHER OR NOT

CAUSED IN WHOLE OR IN PART BY THEIR NEGLIGENCE OR OMISSION IN

PROCURING, COMPILING, INTERPRETING, EDITING, WRITING, REPORTING,

OR DELIVERING ANY MARKET DATA THROUGH the MerrillEdge Self-

Directed Investing website OR BY ANY FORCE MAJEURE OR ANY CAUSE

BEYOND THEIR REASONABLE CONTROL. IN NO EVENT WILL MERRILL, THE

INFORMATION PROVIDERS, OR THEIR RESPECTIVE DIRECTORS, OFFICERS,

EMPLOYEES, AFFILIATES OR AGENTS BE LIABLE TO YOU OR ANYONE ELSE

FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON

SUCH MARKET DATA OR FOR ANY CONSEQUENTIAL, INDIRECT, SPECIAL

OR SIMILAR DAMAGES, INCLUDING BUT NOT LIMITED TO LOST PROFITS,

TRADING LOSSES, DAMAGES RESULTING FROM INCONVENIENCE, OR LOSS

OF USE OF the MerrillEdge Self-Directed Investing website, EVEN If ADVISED

OF THE POSSIBILITY Of SUCH DAMAGES.

Incorporation of Market Data Agreements With Exchanges

BY ACKNOWLEDGING THESE TERMS OF SERVICE, YOU AGREE (A) THAT

YOU UNDERSTAND, AND AGREE TO BE BOUND BY, THE AGREEMENT FOR

MARKET DATA DISPLAY SERVICES (THE “EXCHANGE AGREEMENT”), THE

MATERIAL TERMS AND CONDITIONS OF WHICH ARE INCORPORATED

HEREIN; (B) THAT MERRILL IS NOT AN AGENT OF ANY OF THE EXCHANGES

OR OF NASDAQ AND IS NOT AUTHORIZED TO DEPART FROM THE

EXCHANGE AGREEMENT; AND (C) THAT NO PROVISION MAY BE ADDED

TO OR DELETED FROM THE EXCHANGE AGREEMENT AND THAT NO

MODIFICATIONS HAVE BEEN MADE TO IT ON YOUR BEHALF. YOU WARRANT

THAT YOU ARE LEGALLY ABLE TO UNDERTAKE THE OBLIGATIONS SET

FORTH IN, AND THE SIGNATORY IS DULY AUTHORIZED TO BIND YOU TO,

THE EXCHANGE AGREEMENT.

THE NASDAQ STOCK MARKET, INC. IS A THIRD PARTY BENEFICIARY TO THE

TERMS AND CONDITIONS OF THIS AGREEMENT. TO THE EXTENT THAT YOU

HAVE ANY CLAIMS AGAINST NASDAQ ARISING OUT OF THIS AGREEMENT

OR THE NASDAQ SUBSCRIBER AGREEMENT, THOSE CLAIMS SHALL BE

GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH

THE STATE OF MARYLAND WITHOUT REFERENCE TO PRINCIPLES Of

CONFLICTS OF LAW, AND YOU CONSENT TO SUBMIT TO THE JURISDICTION

Of THE COURTS OF OR FOR THE STATE Of MARYLAND IN CONNECTION

WITH ANY SUCH CLAIM.

BY ACKNOWLEDGING THESE TERMS OF SERVICE, YOU CERTIFY TO THE

INFORMATION PROVIDERS, AND TO MERRILL, THAT YOU HAVE READ,

UNDERSTAND AND INTEND TO BE BOUND BY THESE TERMS OF SERVICE.

Note: The Funds Transfer Service and Bill Payment Services are governed

by separate enrollment terms and conditions, which are available in the

Documents & Forms Library, and are not governed by the above MerrillEdge

Self-Directed Investing Terms of Service.

17. Callable Securities/ Procedures for a partial redemption

If you hold securities with us that may be redeemed or called prior to maturity

and a partial call occurs, a fair and impartial approach will be used among

impacted clients to allocate the securities selected to be called.

For Merrill’s allocation procedures, please go to the following link or you may

request a hard copy by contacting the Investment Center at 1.877.653.4732.

https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/

PartialCallProcessNotice.pdf

18. Extended Hours Trading Agreement

IMPORTANT INFORMATION ABOUT EXTENDED HOURS TRADING

THROUGH ELECTRONIC COMMUNICATION NETWORKS.

Due to the nature of the extended hours trading market, trading in the

pre-market and after hours through an ECN may pose certain risks which

are greater than those present during normal market hours.

Risk of Lower Liquidity

Liquidity refers to the ability of market participants to buy and sell securities.

Generally, the more orders that are available in a market, the greater the

liquidity. Liquidity is important because with greater liquidity it is easier for

investors to buy or sell securities, and as a result, investors are more likely to

pay or receive a competitive price for securities purchased or sold. There may

be lower liquidity in extended hours trading as compared to regular trading

hours. As a result, your order may only be partially executed, or not at all.

Risk of Higher Volatility

Volatility refers to the changes in price that securities undergo when trading.

Generally, the higher the volatility of a security, the greater its price swings.

There may be greater volatility in extended hours trading than in regular

trading hours. As a result, your order may only be partially executed, or not

at all, or you may receive an inferior price when engaging in extended hours

trading than you would during regular trading hours.

Risk of Changing Prices

The prices of securities traded in extended hours trading may not reflect the

prices either at the end of regular trading hours, or upon the opening the next

morning. As a result, you may receive an inferior price when engaging in

extended hours trading than you would during regular trading hours.

Risk of Unlinked Markets

Depending on the extended hours trading system or the time of day, the prices

displayed on a particular extended hours trading system may not reflect the

prices in other concurrently operating extended hours trading systems dealing

in the same securities. Accordingly, you may receive an inferior price in one

extended hours trading system than you would in another extended hours

trading system.

Risk of News Announcements

Normally, issuers make news announcements that may affect the price of their

securities after regular trading hours. Similarly, important financial information

is frequently announced outside of regular trading hours. In extended hours

trading, these announcements may occur during trading, and if combined

with lower liquidity and higher volatility, may cause an exaggerated and

unsustainable effect on the price of a security.

Risk of Wider Spreads

The spread refers to the difference in price between what you can buy a

security for and what you can sell it for. Lower liquidity and higher volatility in

extended hours trading may result in wider than normal spreads for a particular

security.

Page 6 | MerrillEdge Self-Directed Investing Terms of Service Code 422001PM-0321

Time and Price Priority of Orders

Orders entered into the extended hours session are generally handled in

the order in which they were received at each price level. Therefore, orders

transmitted to the ECN by other investors before your order may match an

existing order that you were attempting to match, thereby removing that order

from the ECN order book. Similarly, your order may not be first in line to be

executed if a matching order comes into the ECN. This may prevent your order

from being executed, in whole or in part, or from receiving as favorable a price

as you might receive during normal market hours.

Communication Delays

Delays or failure in communications due to a high volume of orders or

communications, or other computer system problems, may cause delays

in, or prevent execution of your order.

Terms and Conditions

Trading through ECN Extended Hours session on the ECN is subject to the

terms and conditions (“Terms”) and policies set forth by Merrill and subject to

change without notice. Trading in the pre-market session may not be available

to all users. Users of the extended hours trading session should contact an

investment specialist to determine the availability of pre-market trading.

By using the ECN Extended Hours trading facility, you acknowledge your

understanding of the risks set forth above and your agreement to the Terms

set forth below.

We reserve the right not to accept an order for the ECN Extended Hours session

at their discretion and will attempt to notify you if your order is not accepted.

We will only accept limit orders for ECN Extended Hours trading. You must

indicate a specific price at which you are willing to buy or sell the security you

are interested in. You may not trade against an order entered by you. In other

words, you may not buy securities you offered for sale in the ECN, and vice versa.

The maximum order size is 100,000 shares.

Prices must be entered in decimals.

Only certain securities will be eligible for trading through the ECN Extended

Hours session, so all orders must be for securities traded on the ECN. If a stock

normally traded on the ECN closes on a trading halt in its primary market, or

trading is later halted by its primary exchange or a regulatory authority, trading

of that stock will be suspended on the ECN.

ECN pre-market orders can be placed from 7:00 to 9:30 a.m. Eastern. Pre-market

Orders we receive will be sent to the ECN for execution in the order in which they

are received. We will continue to send ECN pre-market orders as they are received

until 9:30 a.m. Eastern unless trading is halted prior to 9:30 a.m. Eastern.

ECN after-hours orders can be placed from 4:01 to 8:00 p.m. Eastern (After

Hours Orders). After Hours Orders we receive will be sent to the ECN for

execution in the order in which they are received. We will continue to send

After Hours Orders to the ECN until 8:00 p.m. Eastern unless trading is halted

prior to 8:00 p.m. Eastern.

If ECN pre-market trading is available, orders not filled during the ECN pre-

market session are automatically canceled if they are not filled by the end of

the session (i.e., 9:30 a.m. Eastern) during which they were placed. You must

re-enter these orders during normal market hours if you still wish to have the

trades executed.

Orders not filled during the ECN after hours session are automatically canceled

if they are not filled by the end of the session (i.e., 8:00 p.m. Eastern) during

which they were placed. You must re-enter these orders during normal market

hours if you still wish to have the trades executed.

Merrill is not liable for delays in the transmission of orders due to a breakdown

or failure of transmission, communication or data processing facilities, or for

any other cause beyond our reasonable control.

Transactions are subject to the applicable rules and regulations of the self-

regulatory organizations and governmental authorities.

Transactions are subject to all other agreements applicable to your account(s).

MerrillLynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or

provided by companies that are affiliates of BankofAmerica Corporation (BofACorp.). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a

whollyowned subsidiary of BofACorp.

MerrillEdge® Self-Directed is available through MLPF&S.

Banking products are provided by BankofAmerica, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofACorp.

Investment products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

To learn about BankofAmerica’s environmental goals and initiatives, go to bankofamerica.com/environment. Leaf icon is a registered trademark of BankofAmerica Corporation.

Page 7 | MerrillEdge Self-Directed Investing Terms of Service Code 422001PM-0321

MerrillLynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies

that are affiliates of BankofAmerica Corporation (“BofACorp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofACorp.

MerrillEdge® Self-Directed is available through MLPF&S.

Investment products:

MerrillEdge

Self-Directed

Cash Management Account

(CMA

Account)

Disclosures and Account Agreement

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Page 2 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

Table of Contents

About Your Accounts ...........................................page 2

Opening an Account ................................................ page 3

Investing .......................................................... page 3

Cash Management .................................................page 3

MerrillCMA Access® Visa® Deferred Debit and Checks .................page 4

Account Information ................................................page 6

About Optional Services ....................................... page 6

Historical Pricing and Valuation Service ...............................page 6

Account Statement Linking .......................................... page 6

Account Linking to BankofAmerica Debit Card ........................page 6

Automated Investing ................................................page 6

Electronic Bill Payment ..............................................page 6

Direct Deposit ..................................................... page 6

Direct Reinvestment ................................................page 7

Funds Transfer Service ..............................................page 7

merrilledge.com ....................................................page 7

Inter-Company Transfer of Funds ....................................page 7

Additional Notes on Electronic Transfers .....................page 7

Remittance Transfers .......................................... page 8

About Margin Lending ......................................... page 8

About Fees .....................................................page 12

Annual Account and Visa Card Fees ..................................page 12

Other Fees and Charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . page 12

Account Agreement ...........................................page 13

Securities-Based Loans Disclosure Statement ..............page 17

About the MerrillLynch Direct Deposit Program ............page 18

The following pages contain the disclosures and agreement governing your

MerrillEdge Self-Directed CMA Account, including disclosures required by

federal law.

About Your Accounts

1) A Merrill Edge Self-Directed CMA account is a securities account

that offers you (hereafter referred to as “you” or “account holder”

or “each person named on the account”) access to a full range of

investment products and services.

2) A Merrill Edge Self-Directed CMA account is an investment account that

lets you trade and research mutual funds, stocks, fixed income and other

securities, while providing check-writing, online bill payment and a Visa card.

3) Merrill Lynch, Pierce, Fenner & Smith Incorporated (hereafter referred

to as “Merrill” or “we” or “our” or “us”) is a registered broker-dealer

and a wholly owned subsidiary of Bank of America Corporation.

Merrill is not a bank and is separate from its FDIC-insured affiliates,

which include Bank of America California, N.A., Bank of America,

N.A. (hereafter referred to as the “Merrill Affiliated Banks”) or other

depository institutions. Banking services available through the

MerrillEdge Self-Directed CMA Account are provided by or through

licensed banks.

4) Merrill Edge Self-Directed CMA Accounts are governed by the rules and

regulations of the Securities and Exchange Commission (SEC), the Federal

Reserve System, the State of New York, and the Financial Industry Regulatory

Authority (FINRA), as well as Merrill’s own policies and procedures.

5) Except where disclosed, securities sold, offered or recommended by Merrill

are not insured by the Federal Deposit Insurance Corporation (FDIC), may

fluctuate in value, and are not obligations of, or endorsed or guaranteed in

any way by, any bank. Merrill is solely responsible for its own contractual

obligations and commitments.

6) Merrill will hold all securities in your CMA account in a control location

acceptable to the SEC Commission, which may include, but is not limited

to: (i) a securities depository, such as the federally-regulated Depository

Trust Company for U.S. issuers and Euroclear for European issuers, (ii)

a Federal Reserve member bank, or (iii) a mutual fund’s transfer agent.

Securities are commingled in a Merrill book-entry account, generally held

in nominee name at the control location, along with securities belonging

to other Merrill customers. Your securities will at all times be separately

identified on the books and records of Merrill as belonging to you, and

Merrill will provide you with account statements that reflect your holdings.

This method of custody, which has significantly increased efficiencies

and reduced the risks associated with holding customer securities, is used

by all major banks, trust companies and brokerage firms and has been

recognized as providing unsurpassed safety for holders of securities. With

regard to the custody of your securities, Merrill acts as your agent and

transmits your instructions through the appropriate control location.

7) Where securities are not held in nominee name, the issuer or control

location, as appropriate, recognizes Merrill as your agent and honors

instructions provided by Merrill on your behalf.

MerrillEdge

Self-Directed

Cash Management Account

(CMA

Account)

Disclosures and Account Agreement

Page 3 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

Opening an Account

8) To open an account you must provide certain information about yourself

and other account holders.

9) Merrill, like all U.S. financial institutions, is required to follow federal regulations

to assist the government in its efforts to fight money laundering and other

financial crimes, and to counter terrorist financing efforts in the U.S. and

globally. Merrill obtains specific personal information from you in order to

verify your identity; and you may be required to present documentary evidence

of your identity in the form of government-issued identification. Merrill also

uses third-party vendors to verify customer information. Foreign nationals

whoare permanent legal residents of the U.S. may be required to present

aPermanent Resident Card (i.e., “green card”) and a Social Security number

toopen an account in a U.S.-based Merrill office. Non-individuals (e.g., a

business, trust or estate) must submit sufficient evidence of legal status.

10) In addition to verifying the identity of our customers, Merrill captures

personal information on all customers and related authorized parties

who have the ability to transact, control, influence or manage an account,

whether directly or indirectly. Merrill, at its discretion, may elect not

to accept an account, or to terminate the account agreement and the

account agreements of any related parties.

Investing

11) Your account is used to buy, sell and hold securities and other property.

12) Please note that your account is debited on the settlement date of a

securities transaction and not on the trade date.

13) Unless you are enrolled in our Margin Lending Program, trades must be

conducted on a “fully paid basis,” meaning they must be paid in full on the

settlement date. If you wish to trade on margin, your account must be

opened as a margin account (see “About Margin Lending,” page 8).

SIPC and “excess-SIPC” coverage

14) The securities and cash that Merrill holds in your CMA Account are

protected by the SIPC. If a U.S. broker-dealer fails, SIPC funds are available

to make up for any shortfall of clients’ assets that the broker-dealer was

required to maintain — up to a maximum of $500,000 per client for

securities, inclusive of up to $250,000 per client for cash.

15) In addition, Merrill has obtained “excess-SIPC” coverage from a Lloyd’s

of London syndicate. This policy provides further protection for each

customer (including up to $1.9 million for cash), subject to an aggregate

loss limit of $1 billion for all customer claims.

16) SIPC and the excess-SIPC coverage do not protect against investment

losses from market action.

17) Accounts in the MLDD Program are assigned to either the standard tier

or Tier 6 for purposes of determining the interest rate. Accounts enrolled

in an investment advisory program (such as Merrill Guided Investing),

irrevocable trusts and certain fiduciary accounts will be assigned to Tier 6.

All other accounts will be assigned to the standard tier. Accounts assigned

to Tier 6 generally receive a higher yield on their bank deposits.

18) Each account held by a separate customer (as defined by applicable law) is

treated separately for purposes of SIPC protection.

19) You may obtain further information about the SIPC, including the SIPC

brochure, via the SIPC’s website at http://www.sipc.org or by calling

the SIPC at 202.371.8300.

Cash Management

20) Cash balances in your CMA account automatically deposit into the

MerrillLynch Direct Deposit Program. The deposit of checks, the sale

of securities and other activity generate cash in your account. Available

cash balances are automatically swept into bank deposit accounts with

BankofAmerica, N.A. (under the Merrill Lynch Direct Deposit Program).

Until that time, your cash balances will not earn interest.

21) No Sweep Option - You may elect that any cash balances do not sweep

to MerrillLynch Direct Deposit Program. Cash balances (known as “free

credit balances”) will not earn interest. These balances will be part of

assets held in your CMA account which are protected by SIPC coverage up

to $500,000 for securities and cash per customer, of which no more than

$250,000 may be cash and excess-SIPC coverage, as described in this

agreement, but will not be covered by FDIC insurance.

22) Your Merrill statement will indicate where your cash balances are

deposited or invested.

23) At any time, you may withdraw available cash balances held in your

account or access your money accounts using checks or Visa cards issued

for use with your account or through electronic transfers. Cash balances

will be used and money account balances will automatically be withdrawn to

pay for securities purchases or to meet margin calls or other obligations that

arise in connection with your account (see “When and how your account is

debited,” page 5).

24) Deposited funds typically post to the account within two days of receipt,

but can be held from investment and withdrawal for up to eight days.

However, funds from electronic fund transfers, other than debits to third-

party bank accounts originated through Merrill, and funds from deposits

of many types of checks frequently can be withdrawn the next business

day following their receipt by Merrill. Longer delays generally apply, among

other things, to larger dollar deposits and deposits to new accounts. You

can request more specific information about availability by calling the

Investment Center at 877.653.4732. A business day is defined as one in

which both the New York Stock Exchange and New York banks are open

for business.

25) If we cease to offer a particular money account, we are authorized (but

not obligated) to place cash balances automatically in another comparable

money account.

26) Merrill may change the money account options at any time.

MerrillLynch Direct Deposit Program

27) In your Merrill Edge Self-Directed CMA Account, provided you do not choose

the No Sweep option, cash balances of $1 or more are automatically

swept into MerrillLynch Direct Deposit Program on the business day

after the funds are received, provided the funds are received before our

cashiering deadline.

28) If you have pending transactions in your Merrill Edge Self-Directed CMA

Account, on the business day funds are to be swept into MLDDP, the

amount of those transactions may be deducted from the sweep amount.

29) Only whole dollar amounts are swept into MLDDP.

30) The Merrill Lynch Direct Deposit Program sweeps available cash balances

to a separate bank deposit account at BankofAmerica, N.A. (member

FDIC). Funds held in this account are protected by FDIC insurance for up

to $250,000 per depositor, per ownership category, perbank.

31) Interest rates for the Merrill Lynch Direct Deposit Program are determined

at the discretion of BANA based on economic and business conditions and

are subject to change. A Merrill Representative will be available to discuss

alternatives for your cash or bank deposit account balances. However, Merrill

does not undertake any obligation to ensure you receive any particular rate

of interest, or to advise you to invest your cash or bank deposit balances

in higher-yielding cash alternatives. The interest rates for the bank deposit

accounts may be different from yields on money market mutual funds and

other cash alternatives. For current yields on bank deposit balances, call

the Investment Center at 877.653.4732 or visit merrilledge.com (see the

“Deposit Account & Money Fund Rates” link at the bottom of each page).

32) Interest on bank deposit accounts maintained through the Merrill Lynch

Direct Deposit Program will be compounded on a daily basis and

creditedmonthly.

33) CMA Accounts enrolled in an investment advisory program (such

as Merrill Guided Investing), irrevocable trusts and certain fiduciary

accounts will be assigned to Tier 6 in the MerrillLynch Direct Deposit

Program for the purposes of determining the interest rate. All other

accounts will be assigned to the standard tier with the MerrillLynch

Direct Deposit Program.

34) Newly opened accounts that are eligible for Tier 6 will be assigned

to Tier 6 upon enrolling in the MerrillLynch Direct Deposit Program.

Existing accounts that become eligible for Tier 6 (e.g., through enrolling

in an investment advisory program) will not be assigned to Tier 6 until

the beginning of the next calendar month. If an existing account loses

eligibility for Tier 6 (e.g., by terminating its enrollment in an investment

advisory program),the account will continue to be assigned to Tier 6 until

the end of the current calendar month, at which time it will be re-assigned

back to the standard tier within the MerrillLynch Direct Deposit Program.

Page 4 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

35) As explained above, the tier assignment for accounts in the MerrillLynch

Direct Deposit Program may change on the first Business Day of each

calendar month due to account changes. If an account’s tier assignment

changes, the new tier assignment will generally affect the interest earned

for the MerrillLynch Direct Deposit Program.

36) For additional information about the Merrill Lynch Direct Deposit Program,

including information about FDIC insurance and the way bank deposits

benefit Merrill and BANA, see “About the Merrill Lynch Direct Deposit

Program,” page 18.

Right to change/suspend Money Accounts

37) Merrill may change the Money Accounts available under the Sweep

Program at any time. If a particular Money Account is no longer generally

available in the Service or is no longer available, you authorize Merrill

to transfer, exchange and/or convert any existing shares/balances in

such Money Account into another Money Account. If the offering of

any particular Money Account is suspended for any reason, Merrill is

authorized, but not obligated, to cause available Cash Balances in the

CMAAccount to be invested/deposited in another Money Account.

Merrill, may, with 30 days prior written notice, (i) make changes to the

terms and conditions of our Sweep Program; (ii) make changes to the

terms and conditions of any Money Account; (iii) change, add or remove

the Money Account available as sweep product; (iv) transfer your Money

Account from one sweep product to another.

Merrill CMA Access® Visa® Deferred Debit and Checks

38) Checks may be issued for use with the Merrill Edge Self-Directed

CMA Account.

39) You may also be issued one or more Visa cards for use with your

Merrill Edge Self-Directed CMA Account. Visa cards may be used to make

purchases at Visa participating establishments or to obtain cash and cash

advances from ATMs and Visa participating banks or branches.

40) The Visa cards are issued to you by BANA, and may only be issued to

account holders with an official address located in the United States.

Checks are drawn on BANA, or such other bank as selected from time

to time by Merrill. Check transactions are processed through an account

established by Merrill, BANA, or such other banks as selected from time to

time by Merrill.

41) ATM withdrawals and Visa card cash advances are debited against your

Merrill Edge Self-Directed CMA Account when the charge is presented to

us. Visa card purchases are debited from your account once a month.

Purchasing power

42) The amount available for Visa card, check and other transactions is called

your “purchasing power.” Since your purchasing power is dependent upon

a variety of factors, such as Visa card usage and, if you participate in the

Margin Lending Program, the price of the securities held in your account,

your purchasing power will fluctuate from day to day.

43) Purchasing power equals the total of any available cash balances in your

account, your available money account balances and available credit

through margin lending (if applicable).

44) Your purchasing power is adjusted at the following times:

• When the Visa card issuer is notified of a charge, not when charges

are paid;

• On the trade date of securities transactions, not the settlement date;

• When you request a next-day fund transfer through the FTS, provided

there is a sufficient balance in your account; and

• Two days prior to any future or recurring transfers through FTS, again

provided there is a sufficient balance.

45) Cash deposited at any Bank of America ATM will be immediately reflected

in your purchasing power. You should allow up to eight days for a check

credited to your account to be reflected in your purchasing power. All

checks delivered to us (via a Bank of America ATM or otherwise) for credit

to your account must be in U.S. funds and drawn on a U.S. bank or other

financial institution, and are subject to final collection. You should also

allow up to six days for an electronic fund transfer to be reflected in your

purchasing power. However, electronic fund transfers, other than debits

to third-party bank accounts originated through Merrill, and deposits of

many types of checks frequently will be reflected in your purchasing power

on the next business day following their receipt by Merrill. Longer delays

generally apply, among other things, to larger dollar deposits and deposits

to new accounts. You can request detailed information about availability by

calling the Investment Center at 877.653.4732.

Exceeding your purchasing power

46) If you exceed your purchasing power in your Merrill Edge Self-Directed

CMA Account, you will be in default, which may result in, among other

things, termination of your subscription to the Merrill Edge Self-Directed

CMA Account.

47) If a transaction in your Merrill Edge Self-Directed CMA Account causes you

to be in default, BANA may, but is not obligated to, accept the transaction

amount exceeding your purchasing power as an overdraft and make

unsecured advances of funds on your behalf. If BANA does so, you will be

notified and you agree to pay immediately the amount of the overdraft

together with any applicable finance charges. BANA overdraft loans incur

finance charges on the average daily balance at an annual rate specified in

the account agreement.

ATM transactions

48) In order to access an ATM using your Visa card, you will need a personal

identification number (PIN). Upon receipt of your card, you will need to

call Merrill to obtain a PIN. You should safeguard your PIN: Do not write it

on your card or keep it in any place where it may be found with your card.

Once a PIN is established, you will have the ability to change the PIN at most

Bank of America ATMs. If you lose or forget your PIN, call the Investment

Center at 877.653.4732.

49) Cash withdrawals: You may withdraw up to $2,500 a day with your

Visa card. Please note, some ATM operators may have different limits on

withdrawals. In addition, cash advances may be limited by banks to $5,000

per account per day.

50) There are no fixed limits on your Visa card transactions. You are only limited

by your purchasing power or spending limit (see “Purchasing power,”

page 4).

51) Deposits: You may deposit checks and cash at any deposit-taking

Bank of America ATM. Checks may also be deposited at any Merrill branch

office, but cash can only be deposited at a Bank of America ATM—it

cannot be accepted at any Merrill branch office.

Deposit

type

BankofAmerica

deposit-taking ATM

Merrill branch office

(Cashier)

Checks YES YES

Cash YES NO

Deposits to brokerage accounts are not accepted by Bank of America

financial center tellers.

52) Purchasing power (available balance) inquiry: You may view your account’s

purchasing power at most Bank of America ATMs by choosing to check

your “Available Balance” on the ATM screen. Your purchasing power will be

reflected at the ATM as follows:

• Total Available Funds:

This is the total amount of funds available to

you at the time of your ATM balance inquiry.

Total Available Funds is not your account value; it’s the amount available for purchases and/or

transactions in your account at a particular point in time.

Mobile deposits

53) You may make check deposits to your Merrill Edge Self-Directed CMA

Account by using the MerrillEdge Mobile Investing application with your

mobile device. Deposited funds typically post to the account within two

days of receipt, but can be held from investment and withdrawal for up to

eight days. There is no fee to download and to use the MerrillEdge Mobile

Investing, but you may be charged fees by your wireless service provider.

Please contact your service provider for details on specific fees. For more

information regarding this application, please call the Investment Center at

877.653.4732 or visit merrilledge.com.

Page 5 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

Checkwriting

54) Checks should be written in U.S. dollars only.

55) You may not use checks for your Merrill Edge Self-Directed CMA

Account to:

• Purchase securities

• Purchase shares of the money funds

• Make deposits through the Merrill Lynch Direct Deposit Program

• Make payments on outstanding loans from, or overdraft advances

extended by, BANA

56) You can view, download or print copies of your cancelled checks through

merrilledge.com, or you can request copies by calling the Investment

Center at 877.653.4732. Original checks will not be returned to you,

although you can obtain an original check by calling the Investment Center

at 877.653.4732.

57) The bank through which your checks are processed and Merrill reserve the

right to pay post-dated checks, although it and we are not obligated to do

so. The bank and we also reserve the right not to pay checks that it or we

determine, in our sole discretion, are incomplete or improperly completed.

Any checks that exceed your purchasing power or spending limit may also

not be honored.

58) If you request checks be signed with a signature stamp or signature plate,

you agree that such requirements are for your internal purposes only, and

neither Merrill nor the bank through which your checks are processed will

have any responsibility or liability for the payment of any check signed

with a signature stamp/plate.

59) You may request a stop payment on a check. To stop payment, call the

Investment Center at 877.653.4732 and provide details of the check,

including the number, date, payee and exact amount. There may be a fee

for this service (see “Other Fees and Charges,” page 11).

60) If you provide information that is incorrect or untimely, or you do not comply

promptly with a request for other reasonable information, neither Merrill nor

the bank through which checks are processed will be responsible if payment

cannot be stopped. If, for any reason, Merrill fails to stop payment on a check,

we may, without liability, delay re-crediting your account while we determine

the rights of parties involved. In addition, neither Merrill nor the bank

processing your checks will be liable if, through inadvertent payment contrary

to a request to stop payment, other items are returned unpaid.

When and how your account is debited

61) You agree to pay BANA for the Visa card purchases (including direct debits)

posted to your Visa card account. You authorize Merrill to pay BANA from the

assets in your Merrill Edge Self-Directed CMA Account, including, if applicable,

by making loans to you. Merrill will not debit your Merrill Edge Self-Directed

CMA Account until the Wednesday before the last Friday of the month for all

purchases posted to your Visa card account for that monthly period (“Delayed

Debit”). If purchases exceed $100,000 in a monthly cycle, you must execute a

Statement of Purpose (Federal Reserve Form U-1) for BANA. If the Form U-1

is not on file, the entire amount of outstanding purchases will be immediately

debited from your Merrill Edge Self-Directed CMA Account. Any subsequent

charges not exceeding $100,000 clearing the account during the same

monthly cycle will be debited on the Wednesday before the last Friday of the

month. Cash advances and ATM transactions obtained with your Visa card(s)

at participating financial institutions or at ATMs will not be delayed and will be

paid from the Merrill Edge Self-Directed CMA Account on the date that the

notice of the transaction is received by Merrill.

62) We will make payments for debits in the following order of priority:

• Available cash balances in your account

• Available balances in money accounts

• Available credit through margin lending (if enrolled)

63) This system avoids cost of a margin loan until available cash balances and

funds in money accounts (excluding automated minimums) are fullyused.

64) Please note, if you expect to charge more than $100,000 to your Visa card in

any monthly cycle, you must complete a Statement of Purpose form (Federal

Reserve Form FR U-1) for the bank that issued your Visa card. If this form is

not completed, the entire amount of your outstanding card purchases will be

immediately debited from your account. Subsequent charges, provided they

total less than $100,000, will continue to be debited on a monthly basis.

65) If for any reason your participation in the Merrill CMA Access® Visa®

Deferred Debit is cancelled, you must cease using your card(s). Current

charges will be debited to your account on the next business day, and new

items will be debited on receipt instead of at the end of the monthly cycle.

Charges made abroad

66) An international transaction fee equal to 2% applies to the U.S. dollar

amount of all transactions that occur outside the U.S., including purchases,

credits, ATM withdrawals and cash advance transactions. This fee will

only apply to transactions submitted to Visa in a currency other than U.S.

dollars and will be in addition to any other applicable transaction fees.

67) Visa transactions in a foreign currency are converted by Visa into a

U.S. dollar amount in accordance with Visa’s operating regulations and

conversion procedures in effect at the time the transaction is processed.

Visa’s regulations and procedures currently provide that the currency

conversion rate used is a rate selected by Visa from the range of rates

available in wholesale currency markets, which rate may vary from the

rate Visa itself receives, or a government-mandated rate. The method of

currency conversion is subject to change by Visa without notice.

68) The currency conversion rate in effect on the processing date may also

differ from the rate in effect on the transaction date or posting date.

Transactions made in a foreign currency that are submitted to Visa in U.S.

dollars will be posted to your account in that U.S. dollar amount.

Billing rights and overdrafts

69) YOUR BILLING RIGHTS

KEEP THIS NOTICE FOR FUTURE USE

70) This notice contains important information about your rights and our

responsibilities under the Fair Credit Billing Act.

Notify us in case of errors or questions

71) If you think any transaction on your account statement or a BANA overdraft

notice is wrong, or if you need more information about a transaction, you

should write to Bank of America, N.A. (BANA), as soon as possible at:

Merrill

Attn: CMA Operations

NJ2-800-01-03

P.O. Box 1501

Pennington, NJ 08534-0671

72) In your letter, provide the following information:

• Your name, address and account number;

• The dollar amount of the suspected error;

• A description of the item in question; and

• Why you believe there is an error.

73) BANA must hear from you no later than 60 days after we send you the

first account statement or overdraft notice on which the error or problem

appeared. You may also call us at 877.653.4732, but doing so will not

preserve your rights. Outside the U.S., call collect 609.818.8000.

Your rights and our responsibilities after we receive your written notice

74) BANA must acknowledge your letter within 30 days unless it has corrected

the error by then. Within 90 days, it must either correct the error or explain

why it believes the statement or overdraft notice was correct.

75) After BANA receives your letter, it cannot try to collect an amount you

question or report you as delinquent. It can continue to bill you for the

amount, including finance charges, and can apply any unpaid amount

against your purchasing power. You do not have to pay any questioned

amount while BANA is investigating, but you are still obligated to pay any

amount that is not in question.

76) If it is found that a mistake was made on your overdraft notice, you will

not have to pay any related finance charges. If the bank finds that a

mistake was not made on your statement or overdraft notice, you will have

to pay the questioned amount, including any overdraft finance charges.

The bank will notify you through us in writing of the amount owed and due

date for payment.

77) If you fail to pay the amount that Bank of America, N.A., thinks that you

owe, it may report you as delinquent. However, if Bank of America, N.A.’s

explanation does not satisfy you, and you write to it within 10 days telling

it that you still refuse to pay, it must tell anyone it reports you to that you

Page 6 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

have a question about your monthly transaction statement or overdraft

notice. And, BANA must tell you the name of anyone it reported you to.

Bank of America, N.A., must tell anyone it reports you to that the matter

has been settled with you when it finally is.

78) If the bank does not follow these rules, it cannot collect the first $50 of

the questioned amount, even if your statement or overdraft notice is correct.

Account Information

79) You can obtain account information in three ways: through our Investment

Center at 877.653.4732; on your account statements; and through

merrilledge.com (once activated).

80) For more information on merrilledge.com, see page 7.

Monthly transaction statements

81) Merrill Edge Self-Directed CMA Account statements are sent each month.

82) Your statement(s) will include details of:

• Securities bought, sold and held in your account

• Other types of transactions in your account, including credit interest

charges, if any

• Money account transactions

• Interest received on money account balances

• Visa card purchases and cash advances

• Checks drawn on your account

• Pre-authorized electronic transfers

• Other fund transfers

• Electronic bill payments

• ATM withdrawals and deposits

• Mobile check deposits

About Optional Services

83) To enhance the capabilities of the Merrill Edge Self-Directed CMA

Account, Merrill offers several optional services. Optional services may

entail additional fees or charges (see “About Fees,” page 11).

84) You may enroll in these services when you open your account. Once you

have established an account and we have your signature on file, you may

be eligible to enroll in these services at a later date.

Historical Pricing and Valuation Service

85) You can request a report showing the securities held in your Merrill Edge

Self-Directed CMA Account as of a specific date. For an additional fee,

you may also request that we provide historical values for publicly traded

securities for gift, estate tax or other planning purposes.

86) Call the Investment Center at 877.653.4732 for more information

aboutthis service.

Account Statement Linking

87) The Statement Link Service allows certain Merrill accounts to be “linked”

so that account statements for all linked accounts are mailed in a single

package.

88) Statements for linked accounts are sent to one of the account holders,

who has been appointed as the other account holders’ “agent” to receive

their monthly statements and related notices or communications. Please

note, all account holders remain responsible for verifying the accuracy of

their individual statements, reading notices and directing activity in their

individualaccounts.

89) The assets of linked accounts are not commingled, and each account

holder retains control over his or her individual account.

Account Linking to BankofAmerica Debit Card

90) Certain Merrill brokerage accounts can be linked to a Bank of America

debit card. Linking your brokerage account to your Bank of America

debit card allows you to access your brokerage account at most

Bank of America ATMs. If you choose to link your brokerage account

to your Bank of America debit card and you also have a Merrill-branded

deferred debit Visa card for your brokerage account, both cards will

remain active with their respective PINs; however, your Merrill card

will not be able to access your Bank of America deposit accounts.

Please note though that any limitations applicable to the card being

used (such as daily cash withdrawal limits) will apply when that card is

used—regardless of the account being accessed. Linking of a brokerage

account to a Bank of America debit card will allow you to transfer funds

between your brokerage accounts at Merrill and your deposit accounts at

Bank of America when using your Bank of America debit card.

91) Point of sale transactions with your Merrill deferred debit card will

continue to clear against your brokerage account, and point of sale

transactions with your Bank of America debit card will continue to clear

against your primary bank account linked to that card.

92) Certain accounts may not have this ability. Please contact the Investment

Center at 877.653.4732 if you have any questions.

Automated Investing

93) When you enroll in automated investing, we will automatically buy shares

on your behalf in a mutual fund according to a predetermined schedule.

You may enroll to invest through your accounts or transfer funds from

your accounts for investment through another Merrill account. All mutual

fund purchases are subject to the eligibility terms in the mutual fund’s

prospectus or statement of additional information. The availability of

certain mutual funds and/or share classes offered by a mutual fund may

be limited at Merrill to specific service models.

94) A Merrill Representative can provide you with further information about

this service.

Electronic Bill Payment

95) You can pay your monthly bills with ease using our electronic bill payment

service (also referred to as Bill Pay). The service allows you to make

one-time or recurring payments from your Merrill Edge Self-Directed

CMA Account to third parties using your Web-connected home or office

computer.

96) Bill payments are debited to your account electronically or by drafts that

clear like Merrill Edge Self-Directed CMA Account checks. Bill payments

are clearly indicated on your monthly statements.

97) For fees applicable to this service, see “About Fees,” page 11.

98) In the event of erroneous bill payments, we are authorized to credit or debit

your account to correct such transactions, subject to applicable laws, rules

and regulations. Payments will not be cleared if they exceed your purchasing

power or spending limit (see “Merrill CMA Access® Visa® Deferred Debit and

Checks,” page 4), and BANA is not obligated to provide you with funds as

anoverdraft.

99) For more information on electronic bill payment, refer to Bill Pay service at

merrilledge.com or call the Investment Center at 877.653.4732.

Direct Deposit

100) Through the direct deposit service, you can have payroll, pension, Social

Security and other recurring payments sent electronically into your

account on your payroll date or on the effective date of the payment, and

those payments will be swept into your primary money account on the

business day after the funds and data necessary to identify your account

are received.

101) Go to merrilledge.com for more information about enrolling in this service.

Page 7 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

Direct Reinvestment

102) By enrolling in the direct reinvestment service, you can have dividends

from all New York Stock Exchange, American Stock Exchange and

Nasdaq Stock Market-listed stocks and most mutual funds automatically

reinvested into more shares of the same stock or fund without

commission charges.

103) Call the Investment Center at 877.653.4732 for more information on

this service.

Funds Transfer Service

104) You can transfer funds electronically to accounts outside Merrill or to other

central asset accounts at Merrill by enrolling in the Funds Transfer Service

(FTS). There is a $100 minimum for electronic fund transfers.

105) You can arrange a funds transfer online at merrilledge.com or by calling

877.653.4732. Transfers will be completed as soon as the next business

day (or the same day if between Merrill accounts). You can also set up

recurring transfers.

106) Your accounts will be debited in the same order of priority described under

“Merrill CMA Access® Visa® Deferred Debit and Checks,” page 4, and the

transfer will not be completed if it exceeds your purchasing power or spending

limit. Fund transfers to your account will not be reflected in your purchasing

power or spending limit for up to 6 days, subject to applicablelaws.

107) Restrictions apply on fund transfers from certain fiduciary accounts.

Call 877.653.4732 for details.

108) Please note that you will be prompted to call us to set up a password for use

in initiating transfers. You should safeguard this password and not share it

with anyone.

109) In the event of erroneous fund transfers, we are authorized to credit or debit

your account to correct such transactions, subject to applicable laws, rules

and regulations.

merrilledge.com

110) All account holders may enroll in merrilledge.com. This Internet-based

service provides 24-hour access to your account information, Merrill

research and investment information, market data, news and e-mail.

111) To activate this service, a User ID and password are required. It is

important to safeguard this information.

112) If you have not created a User ID and password or have forgotten either

of them, you can request this information online at merrilledge.com or by

calling 877.653.4732.

Inter-Company Transfer of Funds

113) If you have both a Bank of America checking or savings account and a

Merrill brokerage account, you may be able to transfer funds between

these accounts using bankofamerica.com or merrilledge.com. In order

to transfer funds, your online profiles must be linked. To link your online

profiles, log on to either bankofamerica.com or merrilledge.com and follow

the instructions to link your accounts. If you have any questions, please call

877.653.4732.

Additional Notes on Electronic Transfers

114) Your account may be subject to the federal law on electronic fund

transfers if you maintain the account as a natural person (as opposed to a

trustee or in another capacity) and have established your account primarily

for personal, household or family purposes. Your rights and responsibilities

will depend on the type of electronic transfer. From time to time, these rights

and responsibilities may change. You will be notified of any changes as

required by applicable law. If the change is necessary for security reasons, you

do not have to be notified in advance.

115) Electronic transfers include:

• Visa card cash advances

• Visa point of sale transactions

• ATM withdrawals

• Transfers through a direct deposit service

• Transfers through the FTS

• Transfers through an ATM

• Pre-authorized debits through a program offered by a third party orus

• Transfers to and from your account under a bank deposit program

• Payments through our Bill Pay service or Merrill standing letters of

authorization.

Your liability

116) You are liable for no more than $50 for unauthorized use of your FTS

password. You are not liable for unauthorized purchases using your Visa

card or for the unauthorized use of your Visa card PIN. You are also

not liable for any amount for the loss, theft or possible unauthorized

transaction once you have notified us or the issuer of the card.

117) Call immediately if a Visa card is lost or stolen, or if you think someone has

transferred or may transfer funds from your account without permission:

• 800.262.LOST (800.262.5678) Toll-free

• 609.818.8000 From outside U.S.

(collect calls accepted)

118) Telephoning is the best way of minimizing your losses, but you may also

notify us in writing at:

Merrill

Bankcard Processing

P.O. Box 1519

Pennington, NJ 08534-1519

119) Any funds that are redeemed or withdrawn in connection with a

transaction for which you are not liable will be credited back to you

or your account.

Limits on electronic transfers

120) You are limited to $2,500 a day in ATM withdrawals using your Visa

card. Some ATM transactions that exceed this limit may be completed.

In general, you may make an unlimited number of withdrawals, although

some transactions may be limited or not completed for security reasons.

Some ATM owners and operators may have limits on the frequency of

transactions and the amount of cash withdrawals permitted.

Transaction information

121) You will be sent a monthly statement listing all electronic transfers for the

preceding month. In addition, you will receive a receipt for all electronic

transfers made with a Visa card at ATMs or other electronic terminals in

the U.S.

122) You may also check on the status of transfers at any time by calling the

Investment Center at 877.653.4732. Information about transfers is also

available online at merrilledge.com.

Recurring transfers

123) To stop recurring electronic payments or transfers, call the Investment

Center at 877.653.4732. If you prefer, you may write to us at:

Merrill

Attn: CMA Operations

NJ2-800-01-03

P.O. Box 1501

Pennington, NJ 08534-0671

124) Your notice to cease payments should be timed to arrive at least three

business days before the payment is due to be made. If you have been

asked to put a stop payment request in writing, you must write to us at

the above address within 14 days of your telephone call.

125) Once stopped, recurring payments will not resume until we receive notice

from you. Any request to change the title of an account will be treated as

a request to stop payment of electronic transfers.

126) If you request that we stop a regular payment at least three business days

before the electronic payment is scheduled and we do not do so, we will

be liable for your losses or damages.

127) You may be charged a fee for stop payment requests. See “Other Fees and

Charges,” page 11, for current fee information.

Page 8 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

128) If you have arranged with a third party for recurring transfers from your

account of variable amounts, the third party will notify you 10 days before

each electronic payment of the amount and date of payment. If you prefer,

you may choose to get this notice only when the amount falls outside

certain limits.

129) If you have a Visa card, you will receive advance notice of the varying

amounts of the monthly debit if the amount of the debit exceeds $500,000.

Our liability for failure to make transfers

130) If an electronic transfer is not completed on time or in the correct amount

according to agreements governing the Merrill Edge Self-Directed CMA

Account, we or the Visa card issuer may be liable for the resulting losses

or damages.

131) There are some exceptions. Merrill and the Visa card issuer will not be

liable, for instance, if:

• Through no fault on our or its part, the transfer amount will exceed

your purchasing power or spending limit;

• Circumstances beyond our or its control (such as fire or flood) prevent

the transfer, despite reasonable precautions that were taken;

• The ATM, electronic terminal or electronic system was not working

properly and you knew about the breakdown when the transfer started;

• The ATM where you obtained cash did not have enough cash.

132) There may be other exceptions stated in the agreement governing the

Merrill Edge Self-Directed CMA Account or provided by applicable law.

Reporting errors or questions

133) If you see an error or have a question about an electronic transfer,

including electronic bill payments, call the Investment Center at

877.653.4732 or write to us at the address below. We must receive notice

of problems or errors within 60 days after the first statement or receipt was

sent on which the problem or error appeared.

134) If you call us, we may ask you to report the error or problem in writing

within 10 business days.

135) Report errors or problems in writing to:

Merrill

Attn: CMA Operations

NJ2-800-01-03

P.O. Box 1501

Pennington, NJ 08534-0671

136) Include the following information:

• Your name, address and account number

• A description of the error or the electronic transfer you are

unsureabout

• The amount of the suspected error

137) If the electronic transfer in question involved obtaining cash at an

ATM or financial institution or was a pre-authorized electronic transfer,

the question or complaint will be resolved promptly but no more than

45 calendar days after the notice is received. If the electronic transfer

in question took place in a foreign country or involved a point-of-sale

transfer made with a Visa card, the question or complaint will be resolved

promptly but no later than 90 calendar days after notice is received.

138) If it is decided that no error occurred, you will be sent a written

explanation within three business days after the investigation is finished.

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

Disclosure of account information

139) Subject to applicable law, we, the Visa card issuer or banks holding your

deposit accounts will disclose information to third parties about your

Merrill Edge Self-Directed CMA Account and Visa card only:

• Where it is necessary to complete a transaction;

• To third parties, including our affiliates, who have a business purpose

for requesting information regarding the account or card;

• To credit bureaus and other consumer-reporting agencies;

• To comply with a government agency or court orders;

• If you have given written permission; or

• If you authorize a merchant to automatically initiate recurring

payments.

Remittance Transfers

140) A Remittance Transfer is a wire transfer initiated by a natural person (as

opposed to a trustee or in another capacity) from an account based in the

United States primarily for personal, family or household purposes to a

designated recipient outside of the United States. Your rights with respect

to Remittance Transfers, including error resolution and cancellation rights,

will be explained to you in oral or written disclosures provided to you

contemporaneously with each Remittance Transfer transaction you initiate.

141) Federal law provides certain rights and obligations related to Remittance

Transfers that may differ from rights and obligations that apply to

other types of electronic transfers, including disclosure, cancellation and

error resolution rights. To the extent the provisions of this agreement

are inconsistent with the oral or written disclosures provided to you

for a Remittance Transfer governed by section 919 of the Electronic

Fund Transfer Act (EFTA), 15 U.S.C. Section 1693o-1, the terms of

such disclosures shall govern. Notwithstanding anything to the contrary

contained herein, rights and obligations that apply to Remittance Transfers

are as set forth in EFTA, and as applicable, as set forth in NewYork law.

142) Wire transfers to your account or funded from your account or otherwise

funded by you may involve one or more funds transfer systems, including

without limitation, Fedwire or Clearing House Interbank Payments System

(CHIPS). Accordingly, notwithstanding any choice of law that may be

provided elsewhere in this agreement, such wire transfers will be governed

by the rules of any funds transfer system through which the transfers

are made, as amended from time to time, including without limitation,

Fedwire, the National Automated Clearing House Association, any regional

association (each an “ACH”) and CHIPS. Funds transfers through Fedwire

will be governed by and subject to, Regulation J, Subpart B, and Uniform

Commercial Code Article 4A incorporated by reference hereunder. Wire

transfers through CHIPS are governed by, and subject to, CHIPS Rules

and Administrative Procedures and by the laws of the State of New

York, including Article 4-A of the New York Uniform Commercial Code,

regardless of whether the payment message is part of a wire transfer

that is a Remittance Transfer, except that in the case of an inconsistency

between New York law and EFTA, EFTA shall govern.

About Margin Lending

143) Our Margin Lending Program allows you to borrow against the value of

eligible securities in your Merrill Edge Self-Directed CMA Account. Merrill

maintains the right, in our sole discretion at any time and without prior

notice to you, to determine which securities are eligible to borrow against.

We may refer to the program as the Margin Lending Program. You can use

a margin loan to buy securities or sell securities “short,” or as a source of

credit for purchases using your CMA Visa card or checks.

144) Currently, you can borrow up to 50% of the market value of most

exchange-listed stocks in your Merrill Edge Self-Directed CMA Account.

A greater or lesser percentage of the value of bonds and other types of

investments is available.

145) With margin lending, you pay interest only on the amount you borrow.

Payments are not required as long as your account meets minimum equity

requirements. There are no filing fees, application fees or points.

146) You must keep a minimum of $2,000 in equity in your Merrill Edge

Self-Directed CMA Account to remain eligible for margin lending. In

general, you may enroll only one account. Certain fiduciary accounts, such

as custodial accounts, are not eligible for this program.

Page 9 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

147) Margin requirements are subject to change and may vary depending

upon factors such as security type, market price and concentration.

Certain Internet-related and other volatile securities and holders of

controlled and restricted securities may be subject to higher initial equity

and maintenance requirements. Merrill may change initial equity and

maintenance requirements at any time without notice.

148) Borrowing against tax-exempt bonds, tax-exempt municipal funds and

tax-exempt unit investment trusts may involve the loss of the interest

deduction from taxable income. You should check with your tax advisor

before borrowing against tax-exempt investments or having them priced

in your account.

Margin interest rates

149) Interest will be charged for any loan extended to you, whether for the

purpose of buying, trading or carrying securities or for other purposes.

150) Your interest rate will be the current Merrill base lending rate (BLR) plus

a supplementary percentage based on your average daily loan balance.

The BLR is adjusted from time to time with reference to commercial

interest rates and market conditions. To obtain the current BLR, call the

Investment Center at 877.653.4732 or visit merrilledge.com/pricing.

On average daily

balances of: Rate

Less than $25,000 ML BLR + 3.375%

$25,000–$99,999 ML BLR + 2.250%

$100,000–$499,999 ML BLR + 0.875%

$500,000–$999,999 ML BLR + 0.625%

$1,000,000–$4,999,999 ML BLR – 0.000%

$5,000,000–$9,999,999 ML BLR – 0.500%

More than $10,000,000 ML BLR – 0.750%

Rates effective as of June 18, 2018.

151) The rates shown may vary in individual situations at Merrill’s discretion.

152) Your total interest rate is subject to change without notice in accordance with

changes in the BLR and your average daily loan balance. If there is a change

in the BLR during a charge period, you will be charged the new interest rate

for the remainder of the charge period or until another change in the BLR

occurs. If your rate is changed for any other reason, you will receive a written

notice at least 30 days before the change.

153) Your account statement will show the interest rate applied, the average

daily loan balance, the number of days the loan was outstanding, and the

actual interest charged to your account for the charge period. If there was

a change in the BLR during the charge period, your account statement will

itemize that information for each rate applied during the charge period.

Margin Interest Rates Effective February 22, 2022

154) Interest will be charged for any loan extended to you, whether for the

purpose of buying, trading or carrying securities or for other purposes.

Your interest rate will be the current MerrillLynch Base Lending Rate

(BLR) plus a supplementary percentage or “spread” based on (1) your

average daily loan or debit balance; and (2) the value of the assets and

liabilities in your “Relationship Group” at the time that your account is

approved for the Margin Lending Program or when your Relationship

Group is reset, which can be done at your request. Your “Relationship

Group” is defined as: (i) your accounts at Merrill, and (ii) in Merrill’s

discretion, your accounts and eligible accounts of others in your

household at Merrill and Merrill’s affiliates, such as BankofAmerica,

N.A. be The BLR is adjusted weekly from time to time with reference

to commercial interest rates and market conditions. Please note that

your spread will not automatically be updated to reflect changes in the

value of the assets and liabilities in your Relationship Group over time.

To obtain the current BLR, understand what accounts are currently in

your Relationship Group, or request that other accounts be added to

or removed from your Relationship Group, or to have the value of your

Relationship Group reset, call the Investment Center at 877.653.4732 or

visit merrilledge.com/pricing.

Eligible securities, borrowing limits and maintenance requirements

Security Initial Equity Borrowing Power Maintenance Requirement

At least Up to At least

Common stock 50% of purchase cost 50% of long-market value 30% of long-market value

State and municipal bonds 20% of purchase cost or 7% of

principal, whichever is greater

80% of long-market value or

any amount over 7% of principal,

whichever is less

15% of long-market value

or 7% of principal, whichever

is greater

Most Merrill-sponsored

unit investment trusts

100% of purchase cost 50% of long-market value once

fund has been owned for 31 days

30% of long-market value, regardless

of share price

Other approved unit investment 100% of purchase cost 50% of long-market value once

fund has been owned for 31 days

30% of long-market value, trusts

regardless of share price

Approved open-end mutual funds 100% of purchase cost 50% of long-market value once

fund has been owned for 31 days

30% of long-market value, regardless

of share price

Convertible bonds 50% of purchase cost 50% of long-market value or any

amount over 7% of principal,

whichever is less

30% of long-market value

or 7% of principal, whichever

is greater

Non-convertible bonds 30% of purchase cost or 7% of

principal, whichever is greater

70% of long-market value or any

amount over 7% of principal,

whichever is less

30% of long-market value

or 7% of principal, whichever

is greater

U.S. Treasury notes and bills 5% of purchase cost

95% of long-market value 5% of long-market value

U.S. Treasury bonds 8% of purchase cost

92% of long-market value 6% of long-market value

Other government agency issues 10%–15% of purchase cost

90% of long-market value 6%–10% of long-market value

This chart is only intended as a general guide. Please call the Investment Center at 877.653.4732 for more complete information on margin eligibility, initial equity and maintenance requirements.

Minimum requirement is 3% of principal amount.

Page 10 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

The following table shows the supplementary percentage or spread that

will be added to the BLR based on different average daily loan or debit

balances and Relationship Group values. The spreads depicted in this

table are as of February 22, 2022, and are subject to change in Merrill’s

discretion.

Debit Balance

Tiers <$100MM $100M – $999M $1MM – $4.00MM ≥$5MM

Relationship Group Value

<$100M 8.500 7.750 6.750 5.500

$100M – $249M 8.250 7.500 6.500 5.250

$250M – $499M 8.000 7. 250 6.250 5.000

$500M – $749M 7.750 7.000 6.000 4.750

$750M – $999M 7.5 00 6.750 5.750 4.500

$1.0MM – $2.49MM 7.250 6.500 5.500 4.250

$2.5MM – $4.99MM 7.000 6.250 5.250 4.000

$5.0MM – $7.49MM 6.875 6.125 5.125 3.875

$7.5MM – $9.99MM 6.875 6.125 5.125 3.875

$10MM – $14.99MM 6.750 6.000 5.000 3.750

$15MM – $24.99MM 6.750 6.000 5.000 3.750

$25MM – $99.99MM 6.500 5.750 4.750 3.500

$50MM – $99.99MM 6.500 5.750 4.750 3.500

≥$100MM 6.250 5.500 4.500 3.250

155) Your account statement will show the interest rate applied, the average

daily loan balance, the number of days the loan was outstanding, and

the actual interest charged to your CMA Account for the charge period.

If there was a change in the BLR during the charge period, your account

statement will itemize that information for each rate applied during the

charge period.

156) Your total interest rate is subject to change without notice in accordance

with changes in the BLR, your average daily loan balance, or the value of

the accounts in your Relationship Group if or when that information is

reset. If there is a change in the BLR during a charge period, you will be

charged the new interest rate for the remainder of the charge period or

until another change in the BLR occurs. If your rate is changed for any

reason other than those described in this paragraph or in the case of

concessions granted at the discretion of Merrill, you will receive a written

notice at least 30 days before the change.

Charge period

157) The period for which interest charges are made runs from the last Friday

of each month up to and including the last Thursday of the following

month. There are three variations to this: (1) if the last Friday of the month

is a holiday, then the interest charge period will end one business day

earlier; (2) in December, the interest charge period will end on the next-to-

last business day of the year (and the interest charge period for January

of the following year will begin on the last business day of the year); and

(3) for accounts that receive calendar month-end statements, the interest

charge period runs from the last business day of the calendar month up to

and including the next-to-last business day of the calendar month.

158) The interest charge period parallels the monthly statement period, except

that interest for the final day of the statement period will be carried

over and reflected on the next month’s statement. The final day of the

statement period is the last Friday of the month, except (1) if that Friday

is a holiday, the final day of the statement period is the prior business day;

(2) in December, when the final day of the statement period is the last

business day of the year; and (3) for accounts that receive calendar month-

end statements, the final day of the statement period is the last business

day of the calendar month.

159) The average daily debit-balance entry which will appear on your statement

is calculated based upon the number of days on which there was a debit

balance in your account and not on the total number of days in either the

charge period or the statement period.

Calculation of charges

160) The interest charge is determined at the close of the charge period by

multiplying the average daily loan balance by the applicable interest rate

and the number of days a loan was outstanding, then dividing by 360.

161) If the base lending rate was changed during the charge period, interest

charges are calculated separately for the appropriate number of days at

each rate and itemized on your statement.

162) Interest charges are due and payable at the close of the charge period.

The exact amount due may be obtained by contacting the Investment

Center at 877.653.4732. If you do not pay the interest charge at the

close of the charge period, the interest will be added to the opening loan

balance for the next charge period.

Short sales

163) The market values of securities you sell “short” are adjusted daily for interest

calculation purposes by a process called “marking to market.” “Short sales

against the box” are treated in exactly the same way as short sales.

164) The market value of all securities sold short in your account, including

securities sold “short against the box,” are treated as a debit for the

purpose of calculating interest charges. The closing market value of the

securities which were sold short is determined each business day and is

either added to the net debit balance or subtracted from the net credit

balance in order to calculate interest charges.

165) If the total market value of the securities sold short increases, then the

debit adjustment to the net balance will increase by the same amount

for the calculation of interest charges. Conversely, if the total market

value of the securities sold short decreases, then the debit adjustment to

the net balance will also decrease by a like amount for the calculation of

interest charges. The market value of “long” securities held in your account

against which a short sale is made is not included in the computation of

interestcharges.

166) Please note that upward or downward adjustments of balances are for

interest calculation purposes only.

A note on selling securities not in your account

167) If you sell securities through us that you own but have not yet placed into

your account, they must be delivered to Merrill by the settlement date

of the transaction. Proceeds of such sales will not be used as an offset

in calculating interest charges until the securities are received into your

account in good deliverable form. Similarly, credits resulting from the

exercise of employee stock options and sale of the underlying stock will

not be used as an offset until the securities are actually received into your

account in good deliverable form.

The exercise of an employee stock option may include either (1) a loan to you

by Merrill for the amount of the exercise price, together with any additional tax

withholding, up to the maximum amount that may be obtained under federal

law, currently 50% of the value of most equity securities; or (2) an advance of

funds for the amount of the exercise price, together with any additional tax

withholding up to the net sales proceeds to be received if you are exercising

an option and concurrently selling the securities. In computing interest charges,

any credit resulting from the proceeds of such a sale will not be used as an

offset until the securities to be obtained on the exercise of your employee

stock option are actually received into your account in good deliverable form.

Option trading

168) Options can be traded through your Merrill Edge Self-Directed CMA

Account and may be used to hedge a leveraged position. However, options

themselves cannot be bought or sold on credit or borrowed against for

purchases of any kind.

169) Please note that option trading must be approved in advance by Merrill and

additional documents are necessary. Option transactions involve certain risks

and are not appropriate for every investor. Contact the Investment Center at

877.653.4732 for specific information.

170) Writers of options, other than certain covered call writers and certain

writers of cash-secured puts, must comply with the applicable initial equity

and maintenance requirements that are set by Merrill, subject to minimum

requirements imposed by the Federal Reserve Board, by securities and

options exchanges, and by other self-regulatory organizations. These

requirements vary depending on the underlying interest and the number

of option contracts sold, and may be increased at any time by any of the

above-mentioned organizations.

171) In addition, we may impose certain position limits, and additional initial

equity and maintenance requirements may be imposed from time to time

without notice. If these limits and requirements are not met, Merrill may close

sufficient option contracts to bring the account into compliance with them.

Page 11 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

Liens and additional collateral

172) Any securities or other property in any of your accounts with us are

collateral for any debit balances in any of your accounts. A lien is created

by these debits to secure the amount owed to us. We retain the right

to require additional collateral any time we deem it necessary for our

protection. These maintenance calls can be met by the prompt delivery

of either additional acceptable securities or cash.

173) In accordance with the terms of our Client Agreement, should the equity

in your account(s) fall below our minimum maintenance requirements

for margin, securities in your account(s) may be sold to reduce or satisfy

your debit balance. At present our minimum maintenance requirement for

equity stocks eligible for margin is 30% of their current market value or $3

a share, whichever is greater. As to our minimum requirements for other

types of securities or transactions, contact the MerrillEdge Self-Directed

Investment Center. Minimum maintenance requirement as well as initial

requirements are subject to change without notice.

You agree that to the extent permitted by New York law, Merrill shall

collect from you reasonable costs and expenses of collection of any such

debit balance(s) and any unpaid deficiency in your account, including but

not limited to attorneys’ fees that Merrill incurs or pays in connection with

such efforts.

Stock borrow charges

174) Effective August 7, 2017, if you short a stock that is in limited supply

(i.e., “in demand”), you may be charged an SB Charge for borrowing that

security. Whether there is an SB Charge for a particular security, and the

relevant rate for the SB Charge, depend on various factors, including, but

not limited to, the availability of that stock based on supply and demand in

the lending market at that time, the size of the transaction, rates charged

by counterparty lenders, days to cover/short-interest ratio of the stock,

the percentage of the issuer’s float that is held short and the number of

days that the position is held short (i.e., borrowed). Securities that are “in

demand”, and any corresponding SB Charges, are determined by market

participants, and may fluctuate on a daily basis. It is important to note

that the SB Charges may be substantial. In some instances, where

the demand for the security borrowed is extremely high, the SB

Charge, on an annualized basis, may exceed the principal value of

the security. It is also important to note that, even if a security is

not “in demand” at the time of your short sale, it may become “in

demand” at any time based on market factors, and at that point, it

would be subject to an SB Charge. The SB Charge rate can fluctuate

daily without priornotice.

SB charges assessed

175) If you short “in demand” securities, Merrill may charge you all SB Charges

assessed in connection with your short sales with us on a daily basis

starting on the settlement date of the trade. The charges may reflect work

done by Merrill on your behalf in connection with these transactions to

establish and maintain a short position in your account, which may result

in a profit to Merrill. Short stock positions opened and closed intraday (not

held overnight) will not be subject to an SB Charge.

Please note that you may obtain updated information with respect to

the status of your short positions (including any applicable SB Charges)

by contacting the Investment Center at 877.653.4732, a Merrill Financial

Solutions Advisor or an Investment Center representative at any time.

In addition, all applicable SB Charges assessed will be displayed under

a “SB CHARGE” debit entry on your monthly account statement, including

those positions that incurred charges after the initial settlement date as

described in the prior paragraph. This will show, on an aggregated basis,

the charges for all shorted securities that incurred an SB Charge during

the applicable period (described below), as well as a detailed breakdown

of each SB Charge, including the applicable borrowing rate for each

“in demand” position for the applicable period. A daily breakdown can

also be provided upon request by contacting your financial advisor, a

Merrill Financial Solutions Advisor or an Investment Centerrepresentative.

Any SB Charge entry on your account statement represents the debit of

such charges, which are made one Business Day after each applicable

SB Charge is incurred. Applicable SB Charges in your account will then

be posted online one Business Day after the charge is debited. Thus, if

you incur SB Charges on weekend days, such charges will be debited on

the next Business Day (i.e., Monday, unless Monday is a holiday), and the

charges will be visible in your account online on Tuesday (or Wednesday,

if Monday is a holiday).

Your account statement will include all SB Charges debited in your account

in a calendar month, except that any SB Charge debits that occur on the

last Business Day of a month will be reflected on the following month’s

account statement.

Calculation of SB charge

176) SB Charges are calculated on an annualized basis based on the value of a

short position and the SB rate for that position. SB Charges for a particular

position are charged daily on a pro-rated basis depending on how many

calendar days you hold the position short.

In the next column is an example of the calculation of an SB Charge. Please

note that the example in the next column is for illustrative purposes only and

does not reflect the actual SB Charges that you may incur on any given short

position, which may be significantly higher than the charges reflected in the

example in the next column. Please also note that in addition to SB Charges you

may also be charged commissions and incur other expenses in connection with

a short sale of securities that are not captured in the following example. Please

note, the SB Charge amount for a given day is determined by multiplying the

trade value of the stock borrowed by the applicable SB Charge rate, divided by

360. Therefore, the effective SB Charge rate for a given day can be obtained by

multiplying the SB Charge amount by the number of days in a given year (e.g.,

365 days) and dividing by the trade value of the stock borrowed.

• current price of stock = $11.00

number of shares sold short = 10,000

SB Charge rate = 20%

• (market price of stock) x (share quantity) = trade value

of stock borrowed

$11.00 x 10,000 = $110,000

• (trade value of stock borrowed) x (SB Charge rate) = annual

SB Charge amount

$110,000 x 0.20 = $22,000

• (annual SB Charge) / (360 days) = daily SB Charge amount

$22,000 / 360 = $61.11

• ((daily SB Charge amount) x (365 days)) / (trade value

of stock borrowed) = effective SB Charge rate

($61.11 x 365) / $110,000 = 20.28%

Page 12 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

About Fees

177) Unless otherwise indicated, all fees are nonrefundable and are

subjectto change upon notice. Please visit merrilledge.com/pricing

forallMerrillEdge Self Direct Fee information.

Other Fees and Charges

178) You will be charged brokerage fees for securities transactions made

through your account. Visit merrilledge.com for more information.

179) The following miscellaneous fees may apply to Merrill Edge Self-Directed

CMA Accounts. Please visit merrilledge.com/pricing for more details.

Account maintenance fees MerrillEdge Self-Directed CMA account

Transfer and termination fees

Full Account Transfer Fee $49.95

Cash management services

ATM Transaction Fee

Cash Advance Fee (non-ATM) .25% of principal; $2.50 minimum fee

Check Retrieval/Check Copies/Canceled Check Fee $3

CMA Visa International Transaction Fee 2% of the U.S. dollar amount of all transactions occurring outside the U.S. that are

submitted to Visa® in a currency other than U.S. dollars

Fund Transfer Services Returns $10

Non-Sufficient Funds Fee: includes returned debit items,

checks and ACH

$30

Return Deposit Fee: includes returned credit items, checks and ACH $20

Stop Payment Fee $25

USD FED Wire Transfer $24.95

Domestic or international

Non-BankofAmerica ATMs may charge a fee for using their ATMs.

Investment specific

MerrillEdge Fees

Bond Coupon Deposit Fee $5

Security Reorganization: Mandatory Exchange $0

Security Reorganization: Voluntary Exchange $30

Past Due Exchanges for Physical Securities $50

Third-Party Fees

Delivery of Non-Government Securities — Direct Registration

System (DRS

) Eligible

$25

Delivery of Non-Government Securities — Direct Registration

System (DRS

) Non-Eligible or Non-Participating

$500

Legal Transfer Fee — Depository Trust Company $75

Government Security Transfer Fee $125

DRS eligibility is determined by the issuer of the stock.

180) Charges may also be imposed for transfers through the FTS that are

rejected due to insufficient or uncollected funds, and for providing

originals or copies of checks that have been processed.

181) We receive a distribution fee and an affiliate receives a management fee

from the money market mutual funds. In addition, other affiliates of ours

may receive fees for providing services, such as management and transfer

agency services, to the money market mutual funds. We also receive a

recordkeeping and services fee from BankofAmerica, N.A., with respect

to deposits in the Merrill Lynch Direct Deposit Program. In connection

with Visa cards, our affiliates may receive fees from sources other than

Merrillclients.

182) Merrill and the Merrill Affiliated Banks reserve the right to change any fees

or charges, or to implement additional fees or charges at any time, subject

to the applicable law.

Page 13 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

Account Agreement

183) By maintaining your Merrill Edge Self-Directed CMA Account, you

acknowledge that you have received and read this agreement, the

Merrill Edge Self-Directed CMA Account disclosures, any applicable

money market mutual fund prospectuses and the Merrill Lynch Direct

Deposit Program disclosures, and that you are agreeing to the terms

and conditions in these documents.

184) You certify that all information you provide in connection with the

establishment of your accounts, including in reference to checks and Visa

cards, is true and correct and that Merrill or Merrill Affiliated Banks may

rely on and verify such information.

Securities and other property

185) In this agreement, the term “securities and other property” means money,

securities, securities entitlements, financial assets, investment property,

financial instruments and commodities of every kind and nature and

related contracts and options relating thereto, whether for present or

future delivery. This includes securities and other property currently or in

the future held, carried or maintained by us or by any of our affiliates, in

our possession or control (or the possession or control of our affiliates)

for any purpose, for any of your accounts now or in the future opened,

including any accounts in which you may have aninterest.

MerrillEdge Self-Directed CMA Account

186) The Merrill Edge Self-Directed CMA Account consists of:

• A Merrill Edge Self-Directed CMA Account;

• A money account for each such account (see “MerrillLynch Direct

Deposit Program,”);

• Visa cards and a checkwriting facility; and

• An optional Margin Lending Program.

187) You agree that available cash balances in your account will automatically

be deposited at least once a week into Merrill Lynch Direct Deposit Program.

188) You agree that Merrill may reasonably withhold access to money account

balances until we are satisfied that amounts credited to your accounts

have been collected. We may satisfy amounts you owe in connection with

your accounts (including debit balances in your accounts, Visa card debits

or charges, checks presented, or investments or deposits later reversed)

from your assets, including money account balances, or through margin

lending (if applicable).

189) You accept that certain fees, which are subject to change, will be charged

to your accounts for financial services we provide (see “About Fees” on

page 11).

Extraordinary events

190) You agree that Merrill, its affiliates, and Merrill Affiliated Banks will not

be liable for loss caused directly or indirectly by government restrictions,

exchange or market rulings, suspension of trading, war, strikes or other

conditions beyond theircontrol.

Account documents

191) You agree that Merrill and Merrill Affiliated Banks have the right, subject to

applicable law, to amend any agreements and disclosures relating to your

accounts, including this account agreement, by notifying you in writing.

You agree that any such amendments shall be effective as of any date we

and the Merrill Affiliated Banks establish, subject to applicable law. Unless

the context otherwise requires, the term “agreement” shall include the

agreements and disclosures relating to your account, as amended from

time to time.

192) You accept there may be additional documentation required from you by

applicable law or by the policies and procedures of Merrill or the Merrill

Affiliated Banks. You agree to comply promptly with any such requests for

additional documentation.

Credit information

193) You authorize Merrill and its affiliates (including the Merrill Affiliated

Banks) to request a consumer report about you from one or more

consumer reporting agencies for the purposes of:

• Evaluating your application for the CMA financial service or related

program or service;

• Reviewing or collecting any customer information for accounts opened

by you; or

• Any other legitimate business purpose.

194) At your request, we will supply you with the name and address of each

consumer-reporting agency from which we obtained a consumer report,

if any, in connection with your accounts or application.

195) You understand that Merrill shares information with its affiliates, the

Merrill Affiliated Banks in accordance with our privacy policies. For more

information on how and why we can share information, please read our

“U.S. Consumer Privacy Notice” by visiting ml.com/privacy.

Account notices and communications

196) You agree that communications, including monthly statements and other

notices, may be sent to your address or to such other address as you

provide in writing.

197) All communications so sent, whether by mail, messenger or otherwise, will

be considered to have been given to you personally upon such sending,

whether or not you actually receive them.

198) Reports of the execution of orders (confirmations) and statements

of account shall be conclusive if not objected to by written notice

delivered to us within 10 business days after delivery of or

communication of the reports or statements to you by us.

Joint accounts and joint and several liability

199) If there is more than one account holder, their obligations are “joint and

several.” The legal ownership of the account shall be in such form as you

designate and as confirmed by Merrill, as reflected in the account title. If

no designation is made, Merrill is authorized to deal with account holders

as tenants in common (without rights of survivorship).

200) If you are a U.S. citizen, legal ownership of the account will be governed

by the internal laws of your state of permanent residence. If you are a

nonresident alien, you agree that the form of joint ownership designated

for the account shall be governed by the internal laws of the State of New

York (notwithstanding the laws of any other jurisdiction to the contrary).

You also agree to submit to the jurisdiction of the courts of New York and

the federal courts in the Southern District of New York for purposes of

determining all matters with regard to the account and consent to service

of process by certified mail to the account’s address of record.

201) All account holders agree that each account holder has authority to

transact any business on behalf of the account as fully and completely

as if he or she were sole owner of the account.

202) Merrill is authorized, subject to our policies and procedures, to accept

written or oral orders and instructions with respect to the account from

each account holder, without notice to any other account holder, for

the receipt or transfer and withdrawal of funds by check, wire transfer

or otherwise, and for the purchase, sale, exchange, transfer or other

disposition of securities and other property (with or without consideration),

including, but not limited to, checks drawn to, or transfers made directly to,

the account holder requesting the check or transfer and/or to third parties.

203) Merrill reserves the right to require joint instructions by all account

holders or a court order at any time with regard to the transfer of funds

or securities.

204) If the account holders have enrolled in the Margin Lending Program, all

account holders further agree that all securities and other property that

Merrill may be holding for any of them, either in this account or otherwise,

shall be subject to a lien for the discharge of obligations of this account

to Merrill. Such lien is in addition to any rights and remedies Merrill may

otherwise have.

205) All statements, notices or other communications sent or given to one

account holder by Merrill shall be considered notice to all account holders.

Page 14 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

Ownership changes on joint accounts

206) On the death of an account holder, the divorce of married account holders,

the assignment of an account holder’s interest or other event that causes

a change in ownership, all account holders or the surviving account

holder(s), as applicable, shall immediately give Merrill written notice

thereof. In such event, Merrill may take such action, including requiring

such documents or imposing such restrictions on the account, as we deem

necessary in the circumstances.

207) The estate of a deceased account holder and a departing account holder

by assignment or divorce shall remain liable, jointly and severally, with the

remaining or surviving account holder(s) for any obligations of the account

arising before Merrill receives such notice, or incurred in liquidation of the

account or the adjustment of the interests of the account holders.

208) In the event of any such change of ownership of the account, Merrill is

authorized to divide or retitle the account in accordance with the form

of legal ownership of the account as reflected on our records or by

written instructions of the remaining or surviving account holder(s), or by

obtaining a court order, as we may reasonably determine is appropriate in

the circumstances.

209) Unless agreed otherwise among account holders in writing provided

to Merrill, joint accounts designated “with right of survivorship” (e.g.,

JTWROS) shall vest the interest of a deceased account holder in the

surviving account holder(s). Accounts designated “without right of

survivorship” (e.g., TIC) shall entitle the estate of a deceased account

holder and the surviving account holder(s) to equal shares of the account.

210) All account holders agree to indemnify Merrill against any liability, loss or

expense incurred from acting in accordance with this agreement in the

event of a change of ownership of the account.

Visa cards and checks

211) You agree that Visa cards issued to you remain the property of the issuing

bank and may be cancelled by the issuing bank at any time without

priornotice.

212) You agree that you will be liable for all authorized transactions arising

through the use of Visa cards and checks. You will be responsible, on a

continuing basis, for the safekeeping of your cards and checks and shall

not permit an unauthorized person to have access to them.

213) In addition, you will be responsible for reviewing your monthly statement

in order to discover and report to Merrill any possible unauthorized

use of your Visa cards and checks. You agree to notify us immediately

if you believe or have reason to believe there may be or has been an

unauthorized use of your Visa cards or checks.

214) Unless limited by law, you agree you are liable for any losses and damages

arising from any breach of these undertakings to safeguard your Visa

cards or checks, to review your statements and to promptly report any

unauthorized activity.

215) You also agree to pay the reasonable costs and expenses of collecting any

unpaid balance due, including any accrued finance charges, as a result of

any overdraft(s), including attorneys’ fees, to the extent allowed by law,

involved in such collection.

216) You understand that, under this agreement, the Merrill Affiliated Banks

have not taken a security interest in any of the assets in your account or

money accounts.

217) You agree to pay Bank of America, N.A. (BANA), for all purchases made

using your Visa cards. You authorize Merrill to pay BANA from the cash

balances in your account, through a margin loan (if you have enrolled in

the margin lending service) or by withdrawing or redeeming your money

account balances. Payments will be made in the order described on

page5. Payments will be made on the Wednesday before the last Friday

of each month for all purchases made in that monthly period.

218) If at any time, however, your total purchases exceed $100,000 during any

monthly cycle, the entire amount will immediately be debited from your

account, unless BANA has received a signed statement of purpose form

(Federal Reserve Form FR U-1) from you. Further charges (provided they

are less than $100,000) will be debited at the normal time. You agree to

waive your right under federal law to be notified in advance of variable

debits provided the amount does not exceed $500,000.

219) You may make payments by other means, provided they are compatible

with our operations and procedures, and you agree to notify Merrill of your

intention to do so.

220) You agree that you will not dispose of assets in your Merrill Edge Self-

Directed CMA Account or any other account with Merrill or its affiliates

if such disposal will negatively affect your ability to pay BANA for card

transactions. You may continue, however, to trade securities in your

Merrill Edge Self-Directed CMA Accoun

221) Cards for your CMA Account may only be issued to you if you reside in the

U.S. and you use an official U.S. address for your place of residence.

Purchasing power

222) You agree that you will not incur charges with your checks and cards that

exceed your purchasing power, which is defined as the total cash or free

credit balance in your account, your available money account balances

and, if applicable, available credit under the Margin Lending Program. You

understand that your purchasing power may fluctuate from time to time

and day to day.

223) If a charge exceeds your purchasing power, you will be in default, and

Merrill may, among other things, terminate your subscription to the

Merrill Edge Self-Directed CMA Account.

Overdrafts

224) If you exceed your purchasing power, Bank of America, N.A. (BANA), may

accept the transaction as an overdraft and advance you funds for the

amount exceeding your purchasing power. If this happens, you will be

notified and you agree that you will immediately pay the amount of the

overdraft and any applicable finance charge.

225) Finance charges will be imposed for overdrafts at an 18% annual

percentage rate. The daily periodic rate is 0.049315%.

226) We figure the finance charge by applying the periodic rate to the

“average daily balance” of your overdrafts. To get the “average daily

balance,” we take the beginning balance of your overdrafts each day, add

any new overdrafts, and subtract any payments or credits, and unpaid

finance charges. This gives us the daily balance. Then we add up all the

daily balances for the billing cycle and divide the total by the number of

days in the billing cycle. This gives us the “average daily balance.”

227) Finance charges accrue from the date BANA accepts an overdraft until the

date on which payment is made. Any payments you make will be applied

on the date of receipt, first to any accrued and unpaid finance charges

and then to the balance of overdrafts in the order they were incurred.

228) You will be notified in writing if you have been provided with an overdraft.

229) You may remit payment for your overdraft in one of the following manners:

1) Transfer funds from another Merrill account at merrilledge.com

(if applicable).

2) Send a check or money order, payable to Merrill, to:

CMA Deposit Operations

P.O. Box 43247

Jacksonville, FL 32231-3247

Include your account number on your check or money order to ensure

proper credit to your account. You may not use a Merrill check drawn on

the same account that has the debit balance.

3) Make a deposit at any Merrill branch office or Bank of America

deposit-taking ATM.

4) Wire funds from an external account at another institution to your

Merrill account.

5) Liquidate securities held in the account.

6) Consider upgrading to a margin account and transfer the debit for an

interest rate lower than the overdraft. Current margin rates can be

viewed on merrilledge.com or by contacting a Merrill Representative at

877.653.4732.

230) Please note that in the event there has been any non-related debit activity

in your account since the overdraft occurred, any deposits made to your

account will be used to satisfy that activity before being credited to the

overdraft.

Page 15 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

Pledging and lending assets

231) If you enroll in the Margin Lending Program, you agree that we have the

right, subject to limitations under applicable laws, rules and regulations, to

pledge or repledge securities and other property in your accounts, either

separately or in common with other such securities or property, and for

any amount due in your account, or a greater amount. We may do so

without notice to you and without retaining in our possession or under our

control for delivery a like amount of similar securities or otherproperty.

232) In return for extending credit to you under the Margin Lending Program, you

acknowledge and agree that we may lend, either to Merrill or to others, the

securities in your account (along with all attendant rights of ownership), to

the extent not prohibited by applicable laws, rules and regulations. You

understand that we may receive and retain certain benefits to which you

will not be entitled in connection with such loans. You agree that, in certain

circumstances, such loans could limit your ability to exercise voting rights,

in whole or in part, with respect to the securities lent. In addition, you

acknowledge that, in using certain securities in your account for, among

other things, settling short sales and lending the securities for short sales,

we may receive compensation in connection therewith.

Exercising employee stock options

233) In order to sell shares under your company’s stock option plan, you hereby

constitute and appoint Merrill as your agent and attorney-in-fact for the

purpose of:

• Determining and selling the number of shares of stock required to pay

the amounts due upon exercise of the options;

• Making such payments; and

• Taking such further actions as shall be necessary to implement your

employee stock option exercises.

234) You authorize and instruct your employer to deliver the stock issued

pursuant to your stock option exercises to you. You agree that this

authorization is irrevocable and will continue in full force and effect

and will apply to each stock option exercise.

235) All company stock held or carried in your Merrill Edge Self-Directed CMA

Account shall be subject to a lien for the discharge of any debt resulting

from funds advanced to you for payment of the stock option exercise,

applicable taxes, interest, and fees or commission.

Margin Lending Program

236) If enrolled in the Margin Lending Program, you agree to maintain such

securities and other property in your account as required by Merrill.

237) In this agreement, the term “securities and other property” means money,

securities, securities entitlements, financial assets, investment property,

financial instruments and commodities of every kind and nature and

related contracts and options relating thereto, whether for present or

future delivery. This includes securities and other property currently or in

the future held, carried or maintained by us or by any of our affiliates, in

our possession or control (or the possession or control of our affiliates)

for any purpose, for any of your accounts now or in the future opened,

including any accounts in which you may have aninterest.

238) You understand and agree that any credit extended to you in connection

with your Merrill Edge Self-Directed CMA Account is primarily for

investment or business purposes.

239) You agree that your monthly margin loan balance shall be charged interest

at a rate permitted by the laws of the State of New York. If interest

charges are not paid at the close of a charge period, they will be added

to the opening balance for the next charge period. Interest will then be

charged upon the entire opening balance of that next chargeperiod.

240) Merrill has the right to make a margin or maintenance call and

require additional collateral:

1) In accordance with our general policies on maintenance

requirements for margin lending, which may be modified,

amended or supplemented from time to time;

2) If in our discretion we consider it necessary for our protection at

an earlier or later time than called for in the general policies;

3) In the event that a petition in bankruptcy or for appointment of

a receiver is filed by or against you;

4) If an attachment is levied against your accounts; or

5) In the event of your death.

241) If you do not provide additional collateral as we may require for 1

and 2 above, or should an event described in 3, 4 or 5 above occur

(whether or not Merrill elects to require additional collateral), you

agree that Merrill may:

• Sell any or all securities and other property in your accounts

with us or any of our affiliates, whether carried individually or

jointly with others;

• Buy any or all securities and other property which may be short

in such accounts; and

• Cancel any open orders and close any or all outstanding contracts.

242) We may exercise any or all of these rights without further demand

for additional collateral, or notice of sale or purchase, or other

notice or advertisement.

243) Any such sales or purchases may be made at our discretion on any

exchange or other market where such business is usually transacted,

or at public auction or private sale; and we may be the purchaser

for our own account. You agree that our giving of any prior demand

or call or prior notice of the time and place of such sale or purchase

shall not be considered a waiver of our right to sell or buy without

any such demand, call or notice as provided in this agreement.

Security interest in favor of Merrill

244) Whether you enroll in the Margin Lending Program or not, the following

additional provisions will apply to your account.

245) You agree that at all times you are liable for the payment of, and agree

to pay on demand, any debit balance or other obligations owing in any of

your accounts at Merrill. You are liable for any deficiency remaining in such

accounts in the event of the liquidation thereof, in whole or in part, by us

or by you.

246) You agree that to the extent permitted by New York law, Merrill shall

collect from you reasonable costs and expenses of collection of any such

debit balance(s) and any unpaid deficiency in your account, including but

not limited to attorneys’ fees, that Merrill incurs or pays in connection with

such efforts.

247) You agree that all securities and other property in any account—margin

or cash—in which you have an interest, or which at any time are in your

possession or under your control, other than retirement accounts, such as

IRAs, shall be subject to a lien for the discharge of all your indebtedness

and any other obligations that you may owe to Merrill and are held by us

or our affiliates as security for payment of any indebtedness or obligations

to Merrill in any of your accounts with us, including accounts in which you

have an interest. Securities and other property held in retirement accounts,

such as IRAs, are not subject to this lien and are not used as security for

the payment of your obligations or indebtedness for other accounts, cash

or margin you maintain with Merrill.

248) Merrill, subject to applicable laws, without giving you prior notice, shall

have the right to use and/or transfer securities and other property so

held by Merrill from or to any of the accounts of yours whenever, in its

judgment, Merrill considers such a transaction necessary for its protection.

249) In enforcing our lien, we shall have the discretion to determine which

securities and property are to be sold and which contracts are to be closed.

250) All securities and other property will be treated as financial assets under

Article 8 of the New York Commercial Codes.

Liability for costs of collection

251) To the extent permitted by the laws of the State of New York, you agree

to pay Merrill the reasonable costs and expenses of collection, including

attorneys’ fees, for any debit balance and any unpaid deficiency that youowe.

Termination

252) Merrill, BANA or you may terminate or suspend the Merrill Edge

Self-Directed CMA Account and close your account(s) at any time and

for any reason. You agree that you will remain responsible for authorized

charges and any debit balances that arise before or after termination.

253) Merrill requires that you provide transfer instructions to transfer your

account to another financial institution or liquidation instructions within

30days of receiving written notification from Merrill and BANA informing

you that we are terminating your account. If such instructions are not

submitted by you within 30 days, cash, money market mutual funds and

Page 16 | MerrillEdge Self-Directed CMA Agreement Code 470819PM-1121

bank deposits will be liquidated or withdrawn, and the proceeds will be

sent to you in the form of a check; equity securities eligible for Direct

Registration will be issued to you in statement form; equity and fixed

income securities eligible for certificate delivery will be issued to you in

that form; and equity and fixed income securities ineligible for certificate

delivery will be liquidated. Any non-transferable securities, including but

not limited to mutual fund positions and option contracts, will be

liquidated at current market prices. Sale proceeds will also be issued to

you in the form of a check. Any outstanding obligations and/or debit

balance(s) you may owe in your account(s), including any annual and

closing fees, will be paid prior to any checks being issued. Liquidation of

any security will likely be a taxable event and may incur fees, including

mutual fund contingent deferred sales charges, or other applicable

liquidation fees. Merrill recommends that you consult a tax advisor to

determine what result, if any, liquidation may have on your tax situation.

254) Upon termination, you agree to promptly return all Visa cards and unused

checks to us and discontinue use of any other means of access to your

account. Failure to do so may result in a delay in complying with your

instructions as to the disposition of your assets.

Low balance donation

255) If Merrill terminates your account and your CMA account contains a

balance of less than $15.00, the balance may be donated to charity.

Ifyou choose, you have the right have your account balance transferred

to another financial institution or to direct Merrill to mail you a check for

the balance. However, if you fail to provide such instructions, Merrill will

donate this balance to charity. By not directing us to send you a check or

otherwise transfer your remaining balance, you are deemed to expressly

consent to this charitable donation.

Applicable laws and rules

256) This agreement, with respect to all portions of the Merrill Edge

Self-Directed CMA Account, including interest charges on loans

made to you, will be governed by and interpreted under the laws

of the State of New York. The terms of the agreement with

Bank of America, N.A., are governed by federal and North Carolina

law. Your rights and obligations for Remittance Transfers will be

governed by and interpreted as described in the section titled

“Remittance Transfers.”

257) All transactions in your account shall be subject to the constitution, rules,

regulations, customs and usages of the exchange or market and its

clearinghouse, if any, on which such transactions are executed by us or

our agents, including our subsidiaries and affiliates.

258) You may not use your account or relationship to the firm to process

transactions that are prohibited by law, including, but not limited to,

restricted transactions prohibited by the Unlawful Internet Gambling

Enforcement Act of 2006.

259) Wire transfers to your account or funded from your account or otherwise