Schwab One Account Application - ICON Advisers

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Schwab One®Account Application

for Personal and Trust Accounts

Page 1 of 6

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

IA Firm Name (please print): _I_C__O__N__A__D__V__IS__E__R_S___IN__C__________________________________________________________________________________
IA Master Account Number:____________________________________________________________________ Service Team:_ _6_______________________

Is your firm (or a principal, employee or related person* of your firm) an owner, trustee, executor, guardian, conservator or custodian of this account?
 Yes  No
If “Yes,” and this is a Trust, Estate, Guardianship, Conservatorship or Custodial account, please also submit a completed Investment Advisor Account
Supplemental Information Form.
*A “related person” is defined as any advisory affiliate or any person that is under common control with your firm. See Form ADV for additional information.

1._ Type of Account (Select only one.)
 Schwab One  Schwab One with Margin

2._ Registration (Select only one.)

 Individual  Trust  Estate§_____________________________________________________________

 Joint Tenants with Rights (Complete Section 11.) Decedent’s Full Name________________________________________________

of Survivorship  Custodial (Section 10, optional) Decedent’s Social Security Number_____________________________________

 Tenants in Common Under Laws of (State)‡_________ Tax ID Number of the Estate __________________________________________

 Tenants by the Entirety† Age of Termination‡____________  Conservatorship§

 Community Property†  Guardianship§

 Community Property with Rights of Survivorship†

† This type of registration may not be available in your state.
‡ Required for minors who are residents of states governed by the Uniform Transfers to Minors Act or by the Uniform Gifts to Minors Act. The age of
custodianship termination varies by state, although many states set the maximum age for termination at 21. If you do not indicate an age or governing
state law here, the account will be set up using the custodian’s state of residence and that state’s default age of custodianship termination (either 18
or 21). If neither the minor nor the custodian is a U.S. resident, the custodian must indicate the governing state law in the Governing State Law field above.
I understand that electing to extend custodianship to age 25, if applicable, may cause me to lose my annual exclusion from federal gift tax and that I
should consult with an attorney or tax advisor before making this election. (Note: Only certain states allow the custodianship to be extended to the
minor’s 25th birthday. This election may be exercised only in those states that specifically provide for it.)
§ Additional documents are required to open these accounts.

Non-Deposit Investment Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
For Charles Schwab Use Only

Account Number Date Approved (mm/dd/yyyy)

Print Name of Approver Signature

WB
©2008 Charles Schwab & Co., Inc. (“Schwab”).  All rights reserved.  Member SIPC.
Schwab Institutional®is a division of Schwab.  FTA 06603 (0408-0343)  APP13582-20 (12/08)

Page 2 of 6

3._ Account Holder Information (For information about Schwab’s privacy policy, see the attached Schwab One®Account Application Agreement.)
As required by federal law, Schwab will use the information provided below to verify your identity.

Entity Trustee (for Trust Accounts only): If your Trustee is an entity, please enter the name and tax identification number below.

____________________________________________________________ ______________________________

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

Individual Trustee: If your Trustee is an entity, please enter the entity agent information in the Account Holder section(s) below.

Account Holder/Trustee/Minor/Executor

First Name Middle Last Are you known by another name? (Specify.)

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

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

Date of Birth (mm/dd/yyyy) Home Telephone Number Business Telephone Number Cellular Telephone Number

Social Security/Tax ID Number  USA   Other

 USA   Other  Other Country of Legal Residence

Country(ies) of Citizenship (Must list all. If not a U.S. citizen, please complete identification information below.)

 Passport   U.S. Driver’s License   U.S. Gov’t Issued ID Identification Number Place of Issuance Issue Date Expiration Date

Identification Type (Complete only if not a U.S. citizen.)

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

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

I am employed by, affiliated with, or am either a director or owner of one or I am a director, 10% shareholder or policy-making officer of one or more

more securities firms.  Yes*  No If yes, list ____________________ publicly traded companies.  Yes  No If yes, list ____________________
(Company Symbol, e.g., SCHW,
(Company Symbol, e.g., SCHW)
or Company Name)

*Attach a written consent from your employer if employed by a securities firm.

Additional Account Holder/Co-Trustee/Custodian/Co-Executor

First Name Middle Last Are you known by another name? (Specify.)

Home Street Address (no P.O. boxes, please) City State Zip Code
Home Telephone Number
Date of Birth (mm/dd/yyyy) Business Telephone Number Cellular Telephone Number

Social Security/Tax ID Number

 USA   Other  Other  USA   Other

Country(ies) of Citizenship (Must list all. If not a U.S. citizen, please complete identification information below.) Country of Legal Residence

 Passport   U.S. Driver’s License   U.S. Gov’t Issued ID Identification Number Place of Issuance Issue Date Expiration Date

Identification Type (Complete only if not a U.S. citizen.)

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

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

I am employed by, affiliated with, or am either a director or owner of one or I am a director, 10% shareholder or policy-making officer of one or more

more securities firms.  Yes*  No If yes, list ____________________ publicly traded companies.  Yes  No If yes, list ___________________
(Company Symbol, e.g., SCHW,
(Company Symbol, e.g., SCHW)

or Company Name)

*Attach a written consent from your employer if employed by a securities firm.

WB
©2008 Charles Schwab & Co., Inc. (“Schwab”).  All rights reserved.  Member SIPC.
Schwab Institutional®is a division of Schwab.  FTA 06603 (0408-0343)  APP13582-20 (12/08)

Page 3 of 6

4._ Choose Your Cash Feature

Please select below one eligible Cash Feature that may allow you to earn income on the free credit balances in your brokerage account (each, a “Cash
Feature”). Eligibility for each Cash Feature is indicated below. For additional information on the eligibility rules for, and important disclosures about, the
various alternatives to earn income on your cash, please see the Cash Features Disclosure Statement for Schwab Institutional®. If you do not select a
Cash Feature, select more than one Cash Feature, or select a Cash Feature for which you are not eligible, you instruct Schwab to use the following rules
to designate a Cash Feature on your account: If your account is eligible, Schwab will designate the Bank Sweep feature as the Cash Feature for your
account; if your account is not eligible for the Bank Sweep feature, Schwab will designate the Schwab One®Interest feature as the Cash Feature for your
account. Schwab may make these designations without providing any advance notice to you.

Select only one of the following: Available to:
Individuals Only†
 Bank Sweep feature* All Clients
 Schwab One Interest‡ All Clients
 Schwab Municipal Money Fund–Sweep Shares™ (SWXXX) All Clients
 Schwab AMT Tax-Free Money Fund™–Sweep Shares (SWFXX) All Clients
 Schwab State-Specific Municipal Money Funds (CA—SWCXX, PA—SWEXX) and AMT
Clients with Household Balance§ >$100,000
Tax-Free Money Funds (MA—SWDXX, NJ—SWJXX, NY—SWNXX)—Sweep Shares Clients with Household Balance >$500,000
Indicate State __________ (default is state of domicile on account) Clients with Household Balance >$1,000,000
 Schwab Government Money Fund™ (SWGXX)
 Schwab Advisor Cash Reserves®–Sweep Shares (SWQXX)
 Schwab Advisor Cash Reserves–Premier Sweep Shares (SWZXX)

* The Bank Sweep feature automatically makes deposits to and withdrawals from deposit accounts held at Charles Schwab Bank, an FDIC-insured deposi-
tory institution affiliated with Schwab. Please see Schwab’s cash feature disclosure statement for more information about FDIC insurance. We recom-
mend that you assume that coverage of deposit accounts established under the Bank Sweep feature will be limited to FDIC insurance and that you not
expect coverage from SIPC.

† The Bank Sweep feature is available only to individuals. Trusts are not eligible.
‡ The Schwab One Interest feature allows you to receive interest from Schwab on the free credit balances in your brokerage account. Credit balances

held at Schwab ARE NOT FDIC-INSURED AND ARE NOT BANK-GUARANTEED. The Schwab One Interest feature is currently not available for a brokerage
account linked to a Schwab Bank High Yield Investor Checking™ account.
§ Your Household Balance includes all of your accounts at Schwab that have been linked in accordance with Schwab’s householding guidelines.

If you select a Sweep Money Fund, your selection is considered a request for a prospectus. It is an indication of interest only, and you are not obligated
to buy any shares. Please read the prospectus carefully. Although money funds seek to preserve the value of your investments at $1 per share, it is
possible to lose money. Money funds ARE NOT FDIC-INSURED, MAY LOSE VALUE AND ARE NOT BANK-GUARANTEED.

Municipal money funds are designed for taxpayers who are seeking income that is exempt from federal income tax. Each of the state-specific funds
generally provides income that is exempt from that respective state’s personal income tax as well. With the exception of the Schwab AMT Tax-Free
Money Fund, a portion of each of these funds’ income may be subject to the federal alternative minimum tax (AMT). These funds are not appropriate for
inclusion in an IRA or other retirement account, or for any investor with tax-exempt status.

5._ Electronic Delivery (eDelivery) Enrollment
Schwab Institutional®offers electronic delivery of your account statements and trade confirmations. Once enrolled, you will receive notifications via
email that your statements and confirmations are available via Schwab’s secure website, schwaballiance.com. Enrolling in eDelivery may also qualify you
for lower online equity trades. Please consult with your Investment Advisor and/or the Charles Schwab Institutional Pricing Guide for more pricing details.
To begin enrollment in eDelivery, provide your email address below and Schwab Institutional will send you an email providing instructions on how to
complete your enrollment and electronically consent to eDelivery via schwaballiance.com.

Email address: __________________________________________________________

6._ Checking Preferences
Please select one of the following:
A.  Schwab One Brokerage Checks and Visa® Platinum check cards. (Complete ONLY if you have NOT applied for High Yield Investor Checking.)
Checking. If you would like to order personal checks, indicate how the name(s) and address should read.

Account Holder Additional Account Holder

Address City State Zip Code

Special Information (if any)

Visa. If you would like to order a Schwab One Visa Platinum check card, indicate the names that should appear on the card. Schwab One Visa Platinum
check card privileges are not available for Custodial, Estate, Conservatorship, Guardianship or Testamentary Trust accounts.

Account Holder Additional Account Holder

Number of Visa cards desired for Account Holder:    1    2     Number of Visa cards desired for Additional Account Holder:    0    1

For Charles Schwab Use Only

Account Number

WB
©2008 Charles Schwab & Co., Inc. (“Schwab”).  All rights reserved.  Member SIPC.
Schwab Institutional®is a division of Schwab.  FTA 06603 (0408-0343)  APP13582-20 (12/08)

Page 4 of 6

6._ Checking Preferences (Continued)

B.  S chwab Bank High Yield Investor Checking™ account.* Complete and attach the Add High Yield Investor Checking to Your Schwab One®Brokerage
Account A­ pplication. This full-featured Schwab Bank checking account links to your Schwab One brokerage account and includes unlimited
checkwriting, free Schwab Bank Bill Pay™, a Visa®Platinum check card with ATM rebates,† downloads to Microsoft®Money or Quicken®, and interest on
your cash balances.‡

* You must be a U.S. resident or resident alien and have a U.S. mailing address to open a High Yield Investor Checking account.
† Refer to the Schwab Bank Deposit Account Pricing Guide for details.
‡ Schwab Bank is an FDIC-insured depository institution affiliated with Schwab. Funds deposited at Schwab Bank are insured by the Federal Deposit

Insurance Corporation (FDIC) up to $100,000 when aggregated with all other deposits held by you in the same capacity at Schwab Bank.

7._ Authorizations (Please initial all areas that apply to this account.)

Any of these authorizations may be revoked by providing notice to Schwab. Schwab may require that such notice be provided in writing. If more than one
person is listed on the account, each Account Holder must initial the authorizations granted below. (An X is not sufficient.)

X Add’l Account Holder/ Add’l Account Holder/ Trading and Disbursement Authorization. I authorize Schwab (1) to execute trades in
Account Holder/ Co-Trustee Co-Trustee my account at the direction of IA as provided under the Trading Authorization heading
Trustee/Custodian in the attached Schwab One Account Application Agreement; (2) to disburse assets
for investment purposes or to me personally, as instructed by IA; (3) to remit checks,
wire funds and otherwise make disbursements of funds held in the account (i) to banks,
broker-dealers, investment companies or other financial institutions for credit to an ac-
count of identical registration, or (ii) to me at my address of record. (Note: This option

is not available for Estate, Guardianship or Conservatorship accounts.)

X Add’l Account Holder/ Add’l Account Holder/ Trading Authorization. I authorize Schwab to execute trades in my account at the
Co-Trustee/Co-Executor Co-Trustee/Co-Executor
Account Holder/Trustee/ direction of IA as provided under the Trading Authorization heading in the attached
Custodian/Executor Schwab One Account Application Agreement.

Account Holder/Trustee/ Add’l Account Holder/ Add’l Account Holder/ Fee Payment Authorization. I authorize Schwab to pay investment advisory and related
Custodian/Executor Co-Trustee/Co-Executor Co-Trustee/Co-Executor
fees to IA from my account in the amount of IA’s instructions.

8._ Issuer Communications and Related Actions

If you have granted your IA trading authority over your account, and your IA exercises investment discretion for you pursuant to an advisory contract, you
can appoint your IA to be sent certain issuer and issuer-related communications (proxies, tender offers, proposed mergers, rights offerings, exchange
offers and warrants, among other things) that may require a voting decision or other action regarding investments held in your account.

If you appoint your IA below, your IA will, regarding only those voting decisions or other action communications sent to your IA: (i) be requested to vote
proxy ballots; (ii) be requested to provide instructions regarding corporate reorganizations and other corporate actions; and (iii) be sent certain prospec-
tuses and annual reports and other communications. In these cases, you will be authorizing your IA to make all voting decisions and take all actions on
your behalf. You will not be sent informational copies of these communications.

Even if you appoint your IA below, you may still be sent certain other issuer and issuer-related communications regarding investments held in your account.
You agree that you will be responsible for providing Schwab any applicable instructions or directions on those items.

Please select only one:

 Yes. I appoint my IA, and I will fulfill my responsibilities, as described above. I instruct Schwab not to disclose my name, address and securities
positions to any issuer of securities held in my account.

 No. I do not appoint my IA as described above. I wish to be sent all issuer and issuer-related communications, make all voting decisions and take all
actions described above. I understand that any issuer of securities held in my account may request that Schwab disclose to it my name, address and
securities positions in that issuer.

If you selected “No” above, please select one:
My IA    should  /   should not   be sent informational copies of any issuer or issuer-related communications.

If you do not select either “Yes” or “No” above, Schwab will deem you to have indicated “No,” but informational copies of issuer and issuer-related
communications may be sent to your IA.

9._ Authorization to Open Account Institutional®Pricing Guide, each as amended the requirements and risks associated with
By signing this Application, you acknowledge from time to time (the “Agreement and margin borrowing as summarized in the Margin
that you have received and read a copy of the Disclosures”). You understand there are fees Disclosure Statement included with this
attached Application Agreement, which con- associated with establishing, maintaining and Application.
tains a predispute arbitration provision. You engaging in transactions. For purposes of this Account Application and
acknowledge that your signature signifies and If you have selected the margin feature, you the attached Application Agreement, the
constitutes your agreement that this account acknowledge that securities securing loans terms “you,” “your” and “Account Holder”
and your relationship with Schwab will be from Schwab may be lent to Schwab and lent refer to each person who signs this Account
governed by the Application Agreement and by Schwab to others. You also acknowledge Application. The terms “we,” “us,” “our” and
all incorporated agreements and disclosures, that if you trade “on margin,” you are borrowing “Schwab” refer to Charles Schwab & Co., Inc.
including, but not limited to, the Schwab One® money from Schwab and that you understand
Account Agreement and the Charles Schwab

WB
©2008 Charles Schwab & Co., Inc. (“Schwab”).  All rights reserved.  Member SIPC.
Schwab Institutional®is a division of Schwab.  FTA 06603 (0408-0343)  APP13582-20 (12/08)

Page 5 of 6
9._ Authorization to Open Account (Continued)

I certify under penalty of perjury that (1) the number shown on this Application is my correct taxpayer number; (2) I am not subject to back-up with-
holding because (a) I am exempt from back-up withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to
back-up 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 back-up
withholding; and (3) I am a U.S. person (including a U.S. resident alien). (I understand that if I have been notified by the IRS that I am subject to back-
up withholding as a result of dividend or interest underreporting and I have not received a notice from the IRS advising me that back-up withholding is
terminated, I must strike or cross out the information contained in item 2 above.) The IRS does not require my consent to any provision of this docu-
ment other than the certification required to avoid back-up withholding.

The Agreement with Schwab includes a predispute arbitration clause. I acknowledge receipt of the predispute arbitration clause contained in the Required
Arbitration Disclosures and Arbitration Agreement sections, on page 1, of the Schwab One® Account Application Agreement.

All Account Holders must sign. Your signature(s) below will also serve as a signature card for checks and Visa®check card(s).

_______________________________________________________________________________________________________ Date________________________
Signature: Account Holder/Trustee/Custodian/Executor Print Name (mm/dd/yyyy)

_______________________________________________________________________________________________________ Date________________________
Signature: Additional Account Holder/Trustee/Custodian/Executor Print Name (mm/dd/yyyy)

_______________________________________________________________________________________________________ Date________________________
Signature: Additional Account Holder/Trustee/Custodian/Executor Print Name (mm/dd/yyyy)

10. Nominate a Successor Custodian—Custodial Accounts Only

Use this section to designate a successor custodian to act on this account in the event of your incapacity, death, resignation or removal as custodian.
This is a nomination only. To activate the role of a successor custodian, the account registration must be changed.

Name of Successor Custodian Social Security Number of Successor Custodian

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

This designation shall take effect as to this account in the event of my incapacity, death, resignation or removal as custodian.

IN WITNESS THEREOF, I have executed this Designation of Successor Custodian Form.

Print Name

_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Date__________________________________________________________________

Signature: Current Custodian (mm/dd/yyyy)

Witness (The witness may NOT be the individual designated as the successor custodian.)

Print Name

_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Date__________________________________________________________________

Signature: Witness (mm/dd/yyyy)

11. Certification of Trustee—Trust Accounts Only
A. Trust Information (Select only one.)

 Revocable Living Trust where the Trustor(s), Trustee(s) and current Beneficiary(ies) are all the same individual(s). (Notarization not required.)
 Other Revocable Living Trust     Irrevocable Living Trust     Testamentary Trust (Created through probated will only.)
 Business Trust     Foreign Trust (non-U.S. Trustors only)     Fiduciary Trust

Trust Name (Decedent’s Name if a Testamentary Trust) Date of Trust

Trust Tax ID Number (If Revocable Living Trust, you may use Trustor’s Social Security/Tax ID number.) By Whom Is It Revocable and Amendable?

Trustor/Grantor/Settlor Name This Trust Is Governed by the Laws of the State of
 USA  Other (please specify):  USA  Other (please specify):
Trustor/Grantor/Settlor Country of Citizenship Trustor/Grantor/Settlor Country of Legal Residence

Only if the Trust Beneficiaries are to be listed in the account registration, please list them here:

Trust Beneficiary Additional Trust Beneficiary

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

Date(s) of Amendment(s)/Date(s) of Restatement(s)

For Charles Schwab Use Only

Account Number

WB
©2008 Charles Schwab & Co., Inc. (“Schwab”).  All rights reserved.  Member SIPC.
Schwab Institutional®is a division of Schwab.  FTA 06603 (0408-0343)  APP13582-20 (12/08)

Page 6 of 6

11. Certification of Trustee—Trust Accounts Only (Continued)
B. Certification of Trust
By signing this Application, each Trustee signing below (the “Trustees”) certifies that the representations and warranties in the attached Certification of
Trust are true and complete.

All Trustees must sign here.

_______________________________________________________________________________________________________ Date________________________
Signature: Trustee (if applicable) Print Name (mm/dd/yyyy)

_______________________________________________________________________________________________________ Date________________________
Signature: Co-Trustee (if applicable) Print Name (mm/dd/yyyy)

_______________________________________________________________________________________________________ Date________________________
Signature: Co-Trustee (if applicable) Print Name (mm/dd/yyyy)

State of ____________________________________ , County of ___________________________________________ (NOTARY SEAL)

Subscribed and sworn to (or affirmed) before me on this ___________ day of___________________ , 20______ ,

by ___________________________________________ , proved to me on the basis of satisfactory evidence to be
the person(s) who appeared before me.*

WITNESS my hand and official seal.

Notary Public _ _________________________________________ Expiration Date____________________________
(Signature of Notarizing Officer) (mm/dd/yyyy)

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

State of ____________________________________ , County of ___________________________________________ (NOTARY SEAL)

Subscribed and sworn to (or affirmed) before me on this ___________ day of___________________ , 20______ ,

by ___________________________________________ , proved to me on the basis of satisfactory evidence to be
the person(s) who appeared before me.*

WITNESS my hand and official seal.

Notary Public _ _________________________________________ Expiration Date____________________________
(Signature of Notarizing Officer) (mm/dd/yyyy)

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

State of ____________________________________ , County of ___________________________________________ (NOTARY SEAL)

Subscribed and sworn to (or affirmed) before me on this ___________ day of___________________ , 20______ ,

by ___________________________________________ , proved to me on the basis of satisfactory evidence to be
the person(s) who appeared before me.*

WITNESS my hand and official seal.

Notary Public _ _________________________________________ Expiration Date____________________________
(Signature of Notarizing Officer) (mm/dd/yyyy)

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

WB
©2008 Charles Schwab & Co., Inc. (“Schwab”).  All rights reserved.  Member SIPC.
Schwab Institutional®is a division of Schwab.  FTA 06603 (0408-0343)  APP13582-20 (12/08)

-ARGIN

Schwab One®Account Application Agreement

for Personal and Trust Accounts

Page 1 of 4

These terms relate to your account and are part of the Account Agreement between each Account Holder and Schwab.
Please retain for your files.

I hereby request that Charles Schwab & Co., No person shall bring a putative or certified (AAA). If arbitration before the AAA is unavail-
Inc. (“Schwab”) open a brokerage account (the class action to arbitration, nor seek to enforce able or impossible for any reason, the parties
“Account”) in the names listed as Account any predispute arbitration agreement against agree to have a court of competent jurisdiction
Holders on this Schwab One Account Applica- any person who has initiated in court a putative appoint three (3) arbitrators to resolve any and
tion (“AA”). I agree to read and be bound by the class action; or who is a member of a putative all disputes or controversies between or among
terms of the Account Agreement (which class who has not opted out of the class with the parties. Each party shall bear its own initial
includes information on the Cash Account and, respect to any claims encompassed by the arbitration costs, which are determined by the
if applicable, the Schwab Sweep Funds, the putative class action until: rules and regulations of the arbitration forum.
Margin and Short Account, Disclosure of Credit 1. the class certification is denied; In the event of financial hardship, the arbitration
Terms and Policies, the Schwab StockBuilder 2. the class is decertified; or forum may waive certain costs in accordance
Plan®and other written agreements between 3. the customer is excluded from the class with such rules. At the conclusion of the hearing,
me and Schwab that apply to my brokerage the arbitrators will decide how to assess the
account) as currently in effect and as amended by the court. costs of the arbitration among the parties.
Such forbearance to enforce an agreement to Any award the arbitrator makes shall be final
yfrom time to time. If, in the future, I add arbitrate shall not constitute a waiver of any and binding, and judgment on it may be entered
rights under this Agreement except to the extent in any court having jurisdiction. This arbitration
features to this Account governed by the stated herein. agreement shall be enforced and interpreted
foregoing agreements (e.g., a money fund or Arbitration Agreement. Any controversy or claim exclusively in accordance with applicable federal
arising out of or relating to (i) this Agreement, laws of the United States, including the Federal
pmargin trading), I agree to be bound by their any other agreement with Schwab, an instruction Arbitration Act. Any costs, fees or taxes involved
or authorization provided to Schwab or the in enforcing the award shall be fully assessed
terms and conditions. If I do not receive or breach of any such agreements, instructions, against and paid by the party resisting enforce-
understand the Account Agreement, I will notify or authorizations; (ii) the Account, any other ment of said award.
Schwab account or Services; (iii) transactions All notices from one party to the other involving
oSchwab. in the Account or any other Schwab account; arbitration shall be considered to have been
(iv) or in any way arising from the relationship fully given when so served, mailed by first-class,
In accordance with Section 7 of Brokerage with Schwab, its parent, subsidiaries, affiliates, certified or registered mail, or otherwise given
Services in the Schwab One Account Agree- officers, directors, employees, agents or service by other commercially accepted medium of
providers, including any controversy over the written notification.
Cment, I agree that all debts and other obliga- arbitrability of a dispute, will be settled by In addition to the above provisions, if a party
arbitration. to this Agreement is or becomes a non-U.S.
tions owed to Schwab by any party to the This arbitration agreement will be binding upon resident at the time of any controversy subject
Account Agreement will be secured by a lien on and inure to the benefit of the parties hereto to this arbitration agreement, such party
all Securities and Other Property now or and their respective representatives, attorneys-in- acknowledges and agrees to the following
fact, successors, assigns and any other persons additional provisions:
thereafter held, carried or maintained in any of having or claiming to have a legal or beneficial (1) The rules of the organization administering
interest in the Account, including court-appointed
my present or future brokerage accounts with trustees and receivers. This arbitration agree- the arbitration specifically provide for the
Schwab, whether individually or jointly held with ment will also inure to the benefit of third-party formal designation of the place at which the
service providers that assist Schwab in providing arbitration is to be held.
nothers, or in any brokerage account at Schwab Services (“Third-Party Service Providers”) and (2) Entering into this Agreement constitutes
such Third-Party Service Providers are deemed consent to submit to the personal jurisdiction
in which I have an interest. to be third-party beneficiaries of this arbitration of the courts of the state of California, U.S.A.,
agreement. to interpret or enforce any or all of these
eRequired Arbitration Disclosures. Regulatory The parties agree that this arbitration agreement arbitration provisions. Judgment on any
will apply even if the application to open the arbitration award may be entered in any
authorities require that any brokerage agree- Account is denied and will survive the closure of court having jurisdiction, or application may
your Account and/or the termination of services be made to such court for judicial acceptance
iment containing a predispute arbitration rendered under this Agreement. of the award and an order of enforcement,
Such arbitration will be conducted by, and as the case may be.
agreement must disclose that this agreement according to the securities arbitration rules (3) The exclusive language to be used by the
contains a predispute arbitration clause. This and regulations then in effect of, the Financial parties and the arbitrators in the arbitration
Industry Regulatory Authority (FINRA) or any proceedings shall be English. Any party
lAgreement contains a predispute arbitration national securities exchange that provides a wishing an interpreter shall make all
forum for the arbitration of disputes, provided arrangements directly with the interpreter
clause. By signing an arbitration agreement, the that Schwab is a member of such national and shall assume all costs of the service.
parties agree as follows:

C• 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.
• The panel of arbitrators will typically include
a minority of arbitrators who were or are
affiliated with the securities industry. (4) If a party is a foreign government or state,
• The rules of some arbitration forums may securities exchange at the time the arbitration state-owned or state-operated enterprise or
is initiated. Any party may initiate arbitration by other instrumentality of a foreign government
impose time limits for bringing a claim in filing a written claim with FINRA or such eligible or state, such party waives all rights of
arbitration. In some cases, a claim that is national securities exchange. If arbitration before sovereign immunity and neither the Federal
ineligible for arbitration may be brought FINRA or an eligible national securities exchange Act of State doctrine nor the doctrine of
in court. is unavailable or impossible for any reason, sovereign immunity shall apply insofar as any
then such arbitration will be conducted by, and enforcement in courts located in the U.S.A.
• The rules of the arbitration forum in which the according to the rules and regulations then in is concerned.
claim is filed, and any amendments thereto, effect of, the American Arbitration Association
shall be incorporated into this Agreement.

WB
©2008 Charles Schwab & Co., Inc. (“Schwab”).  All rights reserved.  Member SIPC.
Schwab Institutional®is a division of Schwab.  FTA 06603 (0408-0343)  APP13582-20 (12/08)

Page 2 of 4

Schwab One®Accounts. I further request PNC Pending securities trades (including the more other accounts over which IA has trading
Bank to issue checks and Visa®Platinum check Automatic Investment Plan [AIP]), pending authorization or to accept or deliver assets in
card(s) as indicated on this AA. I authorize debits to your Account, and pending transfers of transactions executed by other broker-dealers
Schwab to make inquiries for the purpose of funds from your Account may not be considered where IA has so aggregated orders. I agree
verifying my creditworthiness and the credit- in determining whether funds are available for that if any such aggregated order is executed
worthiness of my spouse if I am married and transfer from your Account to your High Yield in more than one transaction, my portion of
live in a community property state. Such Investor Checking account at Schwab Bank. such order may be deemed to have been
inquiries may include verifying information I executed at the weighted average of the prices
have given in my AA, contacting my employer Further, transfers of funds from your Account at which all of such transactions were
are subject to Schwab’s minimum deposit
and obtaining credit reports. I further authorize requirements. You and your Account may not executed.
Schwab to disclose information to others about
me and my Accounts when it is necessary for have any restrictions preventing Schwab from Fee Payment Authorization. If I have indicated
using funds in your Account to satisfy a on this Application that my IA will have fee
completing transactions; to comply with a transfer instruction from Schwab Bank. If your payment authority over my Account, I authorize
government agency request or court order,
such as the IRS or the SEC; to v­ erify the Account becomes subject to a restriction, your Schwab to pay investment advisory and related
eligibility for this feature may be revoked and fees from my Account to my IA in the amount of
existence and condition of my Account for a you understand that Schwab Bank may close my IA’s instructions. I have authorized my IA in
third party, such as a credit bureau or your High Yield Investor Checking account. writing to receive fee payments directly from
merchant; and as otherwise authorized by the Transfers to Schwab Bank may result in debits my Account. Schwab may rely on the instruc-
Schwab One Account Agreement. in your Account. You acknowledge that you are tions submitted by my IA, and will have no
For account holders with more than one responsible for all debits (and interest on responsibility to confirm those instructions with
account at Schwab: This authorization further debits) in your Account, as described in further me or verify the fees. Schwab may redeem
detail in the Agreement and Disclosures. Your money market fund shares in my Account to
yauthorizes Schwab to direct transfers between Account remains an obligation solely of the extent necessary to pay these fees. My IA’s
Schwab. Likewise, your High Yield Investor fees debited from my Account will appear on
your accounts at Schwab when no written Checking account remains an obligation solely Schwab’s statements of my Account.
authorization is requested. of Schwab Bank. Disbursement Authorization. If I have indicated
Trading Authorization. If I have indicated on on this Application that my IA will have trading
pLinking Your Account to a Schwab Bank High this AA that the Investment Advisor (“IA”) and disbursement authority over my Account, I
named above, which I understand may be authorize Schwab to disburse assets from my
Yield Investor Checking™ Account. If you link referred to as “Investment Manager” or “IM” in Account for investment purposes, and funds to
your Account to a High Yield Investor Checking other documentation relating to my Account, me personally, as instructed by my IA. On my
will have the authority to direct Schwab to IA’s instruction, Schwab is authorized to remit
oaccount held at Schwab Bank, you authorize execute trades in my Account, I authorize checks, wire funds, and otherwise make
Schwab to accept instructions from IA disbursements of funds held in my Account to:
Schwab to accept and follow instructions regarding my Account, and to take all other (1) banks, other broker-dealers, investment
received from Schwab Bank to transfer funds actions necessary or incidental to the companies or financial institutions to or for
execution of such instructions, as IA shall credit to an account of identical registration; or
Cfrom your Account to your High Yield Investor direct. If my Account has a margin feature, (2) to me at my address of record.
Schwab is authorized to accept instructions Role of Charles Schwab & Co., Inc.
Checking account as set forth in your Schwab from IA to trade on margin, to sell short, to I acknowledge and agree that: Schwab will
Bank High Yield Investor Checking account borrow securities, to otherwise cause credit to merely carry out transactions as directed by
Application and Schwab Bank Deposit Account be extended through the Account, and to me and/or IA as the case may be; I (and not
secure the performance of obligations in the Schwab) am responsible for investigating and
tAgreement. The provisions of the Agreement Account with any assets held in the Account selecting IA; IA is not affiliated with, or
(the “Account Assets”). If my Account is controlled or employed by, Schwab; and
and Disclosures relating to checks and debit authorized for option trading, Schwab is Schwab has no duty to supervise or monitor
cards will not apply to the services received authorized to accept instructions from IA to trading by me or by IA in my Account. Schwab

nfrom Schwab Bank.

You authorize Schwab to act as your agent in

eprocessing those instructions from Schwab

Bank. You understand and agree that Schwab

ihas sole discretion to accept or deny, in whole

or in part, any such instruction. You also agree
that Schwab is not responsible for any errors in

lcalculation or damages resulting from errors in

calculation or delays in transfers. In no event

Cwill Schwab be liable for any special, indirect or
consequential damages, even if we have been purchase and sell (write) index participation will send me written confirmations of my trades
informed of the possibility of such damages. contracts and covered and uncovered option executed through Schwab and monthly
contracts on securities and securities-related statements of all activity in my Account. If my
You authorize Schwab to act upon your indexes, up to my approved level of options IA and/or I direct Schwab to act as custodian
requests for Real-Time Funds Transfers (as trading strategy. Schwab, and other people to of nonpublicly traded assets, I acknowledge
defined in the Schwab Bank Deposit Account whom Schwab has given instructions in order and agree: (1) that nonpublicly traded assets
Agreement) from Schwab Bank. The maximum to implement the IA’s instructions, may rely on generally lack a liquid market and that the
amount you may transfer will be calculated in IA’s instructions without obtaining my approval, value of such assets may be difficult to
the same way that Schwab calculates the counter-signature or co-signature. IA’s authority ascertain; (2) that any estimated value
Authorization Limit for brokerage check writing will include, without limitation: the authority to reflected on my account statement or other
privileges as set forth in the Schwab One give instructions for transactions in securities communication from Schwab is for informa-
Account Agreement. By requesting a Real-Time and financial instruments, including the buying tional purposes only and may be significantly
Funds Transfer, you understand that you may and selling of stocks, bonds, debentures, different from the actual market value or the
create a margin loan in your brokerage account notes, subscription warrants, stock purchase liquidation value of such assets; (3) that
that may be subject to daily interest charges. warrants, covered and uncovered options (if I Schwab has no responsibility for, nor does
In order for transfers to occur, both your High have authorized trading covered and uncovered Schwab guarantee the accuracy of, any such
Yield Investor Checking account and your options, and only up to my approved level of valuation of assets, even if the assets have
Account must be open and active and linked option trading strategy), mutual fund shares, been valued by a pricing service selected by
with each other. Target Balance Transfers will evidences of indebtedness and any other Schwab; and (4) that Schwab may require that I
be limited to your Authorization Limit (as securities, instruments or contracts relating to sign an addendum to my Account Agreement if
described in the Schwab One Account securities. Schwab agrees, in the exercise of its discre-
Agreement), excluding your Available Margin I authorize Schwab to take such actions as tion, to accept custody of any nonpublicly
Loan Value (as defined in the Schwab One Schwab deems reasonably necessary to carry traded assets in my Account. I authorize
Account Agreement). Overdraft Transfers will out instructions Schwab receives from me and/ Schwab to obtain from IA, and IA to provide to
be limited to your Authorization Limit. or IA. I further authorize Schwab, acting upon Schwab, information regarding my Account as
If you have a debit balance in your Account, IA’s instructions, to aggregate transaction Schwab may reasonably request. If any of IA’s
Target Balance Transfers will not be made to orders for my Account with orders for one or employees is associated with a member of
your High Yield Investor Checking account.

WB
©2008 Charles Schwab & Co., Inc. (“Schwab”).  All rights reserved.  Member SIPC.
Schwab Institutional®is a division of Schwab.  FTA 06603 (0408-0343)  APP13582-20 (12/08)



Page 4 of 4

Certification of Trust—Trust Accounts Only

This Certification sets forth the Trustee(s)’ • The Trustee(s) have the power under the Trust Trustee(s) further acknowledge and agree that
representations and warranties regarding their Agreement to enter into transactions for the the Account will remain subject to any prior
authority under the Trust. Please retain it for purchase and sale of securities and other agreements (including any addenda, and/or
your files. investments, including, without limitation, amendments thereto) as may currently be
stocks (preferred or common), bonds, mutual applicable to the Account(s), including but not
In consideration of Charles Schwab & Co., Inc. funds and certificates of deposit. limited to, the terms and conditions of any
(“Schwab”) opening and/or maintaining
Account(s) for the Trust named above (the • If the Margin Borrowing feature is not or has Account Agreement(s) and Disclosures relating
to the Trust, as each may be amended from
“Trust”), the undersigned Trustee(s) of the not been declined with respect to any of the time to time. The Trustee(s) agree to assume
Trust represent, warrant and certify the Account(s), the Trust Agreement specifically
following: authorizes the Trustee(s) to maintain a by way of assignment from any prior trustee(s)
all trustee obligations and liabilities set forth in
• The representations made herein are true, Margin and Short Account and through such any of the applicable Trust Agreement(s),
complete and accurate. Account to purchase securities on margin, to whether or not each Trustee personally
sell securities that the Trust does not own executed such applications or agreement(s) on
• The undersigned Trustee(s) are all of the (i.e., short sales) and to borrow securities in behalf of the Trust.
Trustee(s) of the Trust. connection therewith, to borrow money, to Schwab will rely on this Certification and upon
secure the performance of the Trust’s the representations made herein unless and
• The Trust is in full force and effect. obligations to the Account(s) and to grant until it receives written notice of changed
• The Trust Agreement (as defined above) has authority to the brokerage firm, acting as Trustee(s) or written notice of any events
principal or otherwise, to pledge, repledge, affecting the representations of the Trustee(s)’
not been revoked, modified or amended in hypothecate or rehypothecate assets of powers made in this Certification. The
any manner that would cause the representa- the Trust. undersigned Trustee(s) agree to send written
tions contained in this Certification to be • If options are traded with respect to any of notice promptly to Schwab of any change in
the Account(s), the Trust Agreement Trustee(s), of any amendment or modification
yinaccurate or incorrect. specifically authorizes the Trustee(s) to trade to the Trust Agreement that would cause the
in all types of options, including, without representations contained in this Certification
• It is the responsibility of the Trustee(s) to limitation, the purchase of puts and calls and to be or become inaccurate or incorrect, or of
consult with all other Trustee(s) before giving the writing (sale) of covered and uncovered the occurrence of any event that would affect
puts and calls. the Trust’s revocability, the Trustee(s)’ powers or
pSchwab any instructions regarding the • If the Trustee(s) pledge Trust assets any representations made in this Certification.
(including securities owned by the Trust) to The undersigned Trustee(s) hereby jointly and
Account(s). Any notice sent to one Trustee secure obligations owed to Schwab, the Trust severally indemnify Schwab and each of its
shall constitute notice to all Trustee(s). Agreement expressly authorizes the officers, directors, employees and agents from,
Trustee(s) to enter into such pledges. and hold such persons harmless against, any
o• If there is more than one Trustee, Schwab is • If the Trustee(s) pledge assets of the Trust to claims, judgments, surcharges, settlement
authorized to follow the instructions of any secure obligations owing from the Trust to amounts or other liabilities or costs of defense
Trustee and to deliver funds, securities or any third parties, the Trust Agreement specifically or settlement (including attorneys’ fees) arising
Cother assets in the Account(s) to any Trustee authorizes the Trustee(s) to enter into such out of, or related to, any actual or alleged
or on any Trustee’s instructions on the pledges. improper or unsuitable actions taken at such
presumption that the Trustee so acting is so • The Trust Agreement authorizes the Trustee(s)’ instructions in connection with the
authorized because either (1) the Trust Trustee(s) to grant a lien and right of setoff in Account(s). This indemnification is made by the
tAgreement expressly provides that each favor of Schwab to secure the repayment of undersigned Trustee(s) both in their capacities
Trustee is authorized to act individually, all present or future indebtedness. as Trustee(s) and in their individual capacities,
nindependently and without the consent of the • The Trustee(s) agree to decline the Margin and shall not be limited by the Trustee(s)’
other Trustee(s) for all purposes related to the Borrowing feature if such authorizations for provision to Schwab of independent documen-
eAccount(s), or (2) if the Trust does not contain borrowing are not contained in the Trust. Note: tation concerning the representations made
such an express provision, the Trustee so Additional documents are required to add herein.
acting has obtained the requisite consent of someone with Power of Attorney. In order to All names and terms that are not specifically
ithe other Trustee(s) in accordance with the trade options in a Trust Account through defined in this form (including this Certification)
requirements of the Trust Agreement. Schwab, the Trust must meet certain financial have the same meanings as in the Application
requirements, and the Trustee(s) must meet (as defined above). In addition, all terms and
l• Schwab is not responsible for determining the certain investment experience requirements conditions specified in the Application apply to
purpose or propriety of any instructions and complete a separate Schwab Option, this form. When completed, signed and
received from any Trustee or for the disposition Margin and Short Account Application. accepted by Schwab, this form (including this
Cof payments or deliveries among Trustee(s). The Trustee(s) acknowledge and agree that all Certification) will be part of the Application.
• Either the Trust Agreement or applicable law prior designations, consents and authoriza- The representations and obligations stated
tions which may have previously been agreed herein shall survive termination of the Trust
grants the Trustee(s) the power to (1) delegate to by any prior trustee(s) acting on behalf of the Agreement and the Account Agreement relating
to others (such as Advisor or Managers, as Account(s) shall continue to apply both with to the Account(s).
each are defined in the Trust’s Account respect to the Trust and to the Trustee(s). The
Application [“Application”]) the authority to
give trading instructions (and, if applicable,
other instructions) with respect to the
Account(s), including, without limitation, the
Investment Advisor and Manager authoriza-
tions that are described and/or indicated in
the Application relating to the Trust’s
Account(s), and (2) pay advisory and related
fees to Advisor and, if applicable, Managers,
from the Account(s).

WB
©2008 Charles Schwab & Co., Inc. (“Schwab”).  All rights reserved.  Member SIPC.
Schwab Institutional®is a division of Schwab.  FTA 06603 (0408-0343)  APP13582-20 (12/08)