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This document is a Trading and Withdrawal Authorization form that allows an account holder to designate a third party as an Agent to manage their Schwab accounts, including the ability to trade and withdraw funds. The form outlines the types of authority that can be granted to the Agent, the necessary identification and employment information required, and the legal responsibilities of both the account holder and the Agent. It also includes sections for signatures and certifications related to organizational and trust accounts.
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0% found this document useful (0 votes)
4 views12 pages

Document 3

This document is a Trading and Withdrawal Authorization form that allows an account holder to designate a third party as an Agent to manage their Schwab accounts, including the ability to trade and withdraw funds. The form outlines the types of authority that can be granted to the Agent, the necessary identification and employment information required, and the legal responsibilities of both the account holder and the Agent. It also includes sections for signatures and certifications related to organizational and trust accounts.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 12

CLEAR PRINT

Trading and Withdrawal Authorization Page 1 of 5

• Use this form to authorize a third party (referred to as your "Agent") to act on your behalf in connection with your Individual Retirement Account (IRA),
your Schwab One® brokerage account and, if applicable, your linked Schwab Bank Investor Checking™ account and/or your associated Schwab
Global Account™.
• If you are seeking to add an Agent to a Trust account or a business account, Schwab may require additional documentation.
• Depending on the authority designation chosen in Section 2, this form may authorize an Agent to withdraw money and securities from an account
and/or write checks against an account.
• If options trading is enabled on the account(s), the Agent must also complete an Options Trading and Margin Application.
• If your account has a linked Futures and/or Forex Account, a Futures and Forex Trading Authorization form is also required.
• For a Schwab One International® account, use the Trading and Withdrawal Authorization for Schwab One International Accounts form.
• Trading and Withdrawal Authorization is not permitted on fiduciary accounts (including guardianships, conservatorships and estates). Please consult
legal counsel.
• Please note: If an Agent is receiving compensation for providing investment advice, that person may need to be registered as an Investment Advisor
with the Securities and Exchange Commission (SEC) or the applicable state securities regulator. Registration laws, and exemptions from registration,
vary by state. Many states require registration if an Agent is receiving compensation for investment advice from just one client. The Agent should
consult with legal counsel and/or publicly available resources (www.nasaa.org,and www.sec.gov) to understand the Investment Advisor registration
requirements. It is the legal responsibility of the Agent to ensure he or she is complying with the Investment Advisor registration laws that apply to
him or her.

1. Account Holder Information and Authorization


To: Charles Schwab & Co., Inc.—Authorization. The terms "I," "me" and "my," as used throughout this form, refer to the Schwab Account Holder(s).
I hereby authorize the Agent named in Section 3 to be my Agent and in such capacity to give instructions to Charles Schwab & Co., Inc. ("Schwab") in
connection with my Schwab account(s) (the "Account"), including my associated Schwab Global Account, and to take other actions necessary or
incidental to the execution of such instructions. If any Account listed in this section is linked to a Schwab Bank Investor Checking account ("Investor
Checking account") with Charles Schwab Bank, SSB ("Schwab Bank"), I hereby authorize the Agent named in Section 3 to be my Agent and in such
capacity to give instructions to Schwab Bank in connection with my Investor Checking account and to take other actions necessary or incidental to
the execution of such instructions. I authorize Schwab, with respect to any Account and Associated Global Account, and Schwab Bank, with respect
to any Investor Checking account, and other persons to whom Schwab or Schwab Bank has given instructions in order to implement the Agent's
instructions, to rely on the Agent's instructions without obtaining my approval, countersignature or cosignature. I understand that all authority
granted to my Agent shall cease automatically upon Schwab or Schwab Bank receiving written notification from a licensed physician of my
mental disability, incompetence, or incapacity or upon notification of my death. I understand that if an Account has a linked Investor Checking
account, the authorization granted hereunder will apply to both the Account and linked Investor Checking account; and revocation of either such
authorization will apply to both the Account and linked Investor Checking account. I understand that the Account and Investor Checking account are
maintained with two separate but affiliated companies: Charles Schwab & Co., Inc. and Charles Schwab Bank, SSB.

Schwab Account Number*

*If Account is linked to an Investor Checking account, any authorization granted hereunder will apply to both the Account and linked Investor
Checking account.

Account Holder's Name First Middle Last Suffix

Additional Account Holder's Name First Middle Last Suffix

Trust/Organization's Name

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2. Authority Designation
Appoint your Agent(s) to act in one of the following capacities (select only one):
Limited Trading Authority (LTA) gives your Agent the authority to:
• Trade in your Account.
• Place options trades, if your Account is authorized for options trading and your Agent is also approved for options trading by Schwab.
• View your Account or Investor Checking account, if applicable, online.
• Incur additional margin debt, if your Account is approved for margin.
Full Trading Authority (FTA) gives your Agent the authority to:
• Act with all the authorities of an LTA on Account or Investor Checking account, if applicable, including trading in your Account.
• Withdraw funds from your Account or your Investor Checking account, if applicable, including requesting a check, electronic funds transfer (EFT),
or wire transfer be sent to you or someone other than you, including the Agent.
• Transfer funds and securities to another Schwab account in your name or in the name of a third party, including to the Agent's separate Schwab
account.
• Direct distributions from an IRA or QRP.
Full Trading Authority is not available for custodial accounts.
For a trust account (other than a revocable living trust account, in which the Trustor[s], Trustee[s] and current beneficiary[ies] are all the same
individuals), before granting Full Trading Authority, Schwab and Schwab Bank will require photocopies of the following pages from the trust document:
• Title pages containing the name and date of the trust, Trustor(s) and Trustee(s)
• Signature page(s)
• Pages setting forth the Trustee(s)' authority to delegate powers and appoint Agents
Note: A Durable Power of Attorney (DPOA) is needed to grant any additional authorities to your Agent.

3. Agent Information
Each Acting Agent with linked Schwab One® and Schwab Bank Investor Checking™ accounts must be a U.S. resident or U.S. resident alien, reside in
the U.S. or one of its territories, and have a U.S. mailing address. For all other account types, each non-U.S. resident acting as Agent must provide a
clear photocopy of the inside pages of a current passport, including photo, signature, and personal information.
Agent
As required by federal law, Schwab and Schwab Bank will use the information provided to verify your identity.

Name First Middle Last Suffix

Social Security/Tax ID Number Date of Birth (mm/dd/yyyy) Preferred Name or Alias

Regulations require that you provide us with your legal address.

Home/Legal Street Address (no P.O. boxes)

City State or Province Country Zip or Postal Code

Mailing Address (Include mailing address if different from home/legal address. P.O. boxes may be used.)

City State or Province Country Zip or Postal Code

Telephone Number Mobile Number Work Number Extension

Email Address* Mother's Maiden Name


*By providing your email address, you consent to receiving email from Schwab and Schwab Bank. Information about opting out of certain email
communications is provided at www.schwab.com/privacy.
Country(ies) of Citizenship Country of Legal Residence (Select only one.)
USA Other: USA Other:

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ID Number and Type (Please select only one box and provide the relevant information below.)
Passport Driver's License Gov't-Issued ID

Identification Number Country of Issuance State of Issuance (if applicable) Issue Date (mm/dd/yyyy) Expiration Date (mm/dd/yyyy)

Securities industry regulations require that we collect the following information.


Employment Information (Please select only one box.)
Employed Self-Employed Retired Homemaker Student Not Employed
Occupation (If you selected "Employed" or "Self-Employed," please select one option that best describes your occupation.)
Business Owner/Self-Employed Financial Services/Banking Professional Military Consultant
Executive/Senior Management Information Technology Professional Educator Other (specify):
Medical Professional Other Professional Sales/Marketing
Legal Professional Clerical/Administrative Services U.S. Government Employee (federal/state/local)
Accounting Professional Foreign Government Employee (non-U.S.) Trade/Service (labor/manufacturing/production)

Employer Name/Business Name Business Street Address (no P.O. boxes)

City State or Province Zip or Postal Code Country


The Next Two Questions Are Required by Industry Regulations
Are you or an immediate family member associated with or employed by a stock exchange or member firm of an exchange or FINRA, or a municipal
securities broker-dealer?
No Yes (If "Yes," you must attach a letter from your or your immediate family member's employer or affiliated broker-dealer approving
the establishment of your Account when submitting this Application. List the company name .)
Are you a director, 10% shareholder or policy-making officer of a publicly held U.S. company?
No Yes (If "Yes," enter company name and trading symbol .)

Required Agent Information


Relationship to Account Holder:
Family/Significant other Friend Investment advisor Attorney and/or CPA
Are you being paid for providing investment advice on this account?
No Yes
Please note: If an Agent is receiving compensation for providing investment advice, that person may need to be registered as an Investment
Advisor with the Securities and Exchange Commission (SEC) or the applicable state securities regulator. Registration laws and exemptions from
registration vary by state. Many states require registration if an Agent is receiving compensation for investment advice from just one client. The
Agent should consult with legal counsel and/or publicly available resources at www.nasaa.org and/or www.sec.gov to understand the Investment
Advisor registration requirements. It is the legal responsibility of the Agent to ensure he/she is complying with the Investment Advisor registration
laws that apply to him/her.
Are you being paid for providing investment advice on any other Schwab account?
No Yes
Are you a Registered Investment Advisor (Federal or State)?
No Yes

Firm Name or DBA Firm Tax Identification Number (TIN)

State or Federal Investment Advisor Registration Number


Is your employer being paid for providing investment advice on this account?
No Yes

APP115615-01
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©2024 Charles Schwab Bank, SSB ("Schwab Bank"). All rights reserved. Member FDIC. Equal Housing Lender.
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Is your employer a Registered Investment Advisor (Federal or State)?


No Yes

Firm Name or DBA Firm Tax Identification Number (TIN)

State or Federal Investment Advisor Registration Number

Provide Supplemental Agent Information


If you answered "yes" to any of the questions in the Required Agent Information Section above, these questions are required. If you do not
complete these questions, we will not be able to process this form.
Do you or your employer qualify as a "family office" under the Investment Advisers Act, meaning that you provide advice to clients of a single family
only, the family clients own the office, and you do not hold yourself out to the public as an Investment Advisor?
No Yes
Are you a lawyer, accountant, engineer or teacher ("professional"), and is any investment advice you provide incidental to the practice of your
profession?
No Yes
Are you legally exempt from registration as an Investment Advisor under federal or state law or for some other reason?
No Yes
If yes, please provide Schwab with a letter from your attorney and/or supporting documentation for your Agent's claim of exemption from registration
under the Investment Advisers Act.

4. Agent Signatures
By signing below, the Agent certifies that he/she has carefully read and understands the provisions of this Trading and Withdrawal Authorization,
including the Trading and Withdrawal Authorization and Agreement ("Agreement"), and agrees to the terms therein. The Agent understands that
he/she has the right to resign as Agent at any time by providing written notice to Schwab or Schwab Bank, and that Agent's resignation with respect
to any linked Account and Investor Checking account will apply to both accounts. The Agent agrees to indemnify and hold Schwab and its
predecessors, successors, officers, directors, employees, agents, representatives, parent companies, affiliates, assigns, and attorneys harmless
from and against any and all claims, judgments, taxes, fines, penalties, damages, liabilities, costs, and expenses (including but not limited to
attorneys' and expert witness fees) incurred by Schwab or Schwab Bank as a result of any claim, judgment, or proceeding arising out of or
connected in any manner whatsoever to Schwab or Schwab Bank's reliance on this Trading and Withdrawal Authorization and Agreement and the
representations and warranties contained herein.
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, page 4, of the Trading and Withdrawal Authorization and Agreement.

✘ signer1_SignHere signer1_DocuSignFullName signer1_DateSigned


Signature: Agent Print Name Today's Date (mm/dd/yyyy)

5. Certification of Organization—Organizational Accounts Only


By signing this Trading and Withdrawal Authorization form on behalf of your Organization, each Authorized Person signing in Section 7 certifies that
the Organization authorizes this delegation of authority.

6. Certification of Trust—Trust Accounts Only


By signing this Trading and Withdrawal Authorization form on behalf of a Trust, each Trustee signing below (the "Trustee") certifies that the Trust
instrument authorizes the delegation of authorities as indicated within this Trading and Withdrawal Authorization form and such delegation is not
prohibited by the laws that govern the Trust.

7. Account Holder Signature(s)


I have read carefully the provisions of this Trading and Withdrawal Authorization, including the Trading and Withdrawal Authorization and Agreement
("Agreement"), and I agree to the terms therein. I understand that it authorizes my Agent, herein named, to exercise all rights and authorities set forth
above with respect to my Schwab account(s) and Investor Checking account(s), if applicable, and I understand that anything my Agent may do in the
exercise of such rights and authorities is fully binding upon me.
I acknowledge and agree that, depending on the authority designation I choose in Section 2, I may be authorizing my Agent to withdraw securities
from my Account(s), and to withdraw money from my Account(s) or Investor Checking account, if applicable, and/or write checks against my Account(s)
or Investor Checking account, if applicable. I also acknowledge and agree that neither Schwab nor Schwab Bank is responsible for unauthorized

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©2024 Charles Schwab Bank, SSB ("Schwab Bank"). All rights reserved. Member FDIC. Equal Housing Lender.
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actions, including money movements, my Agent may take with respect to my Account(s) or Investor Checking account, if applicable. If I have questions
about actions taken by my Agent, I will discuss my concerns with my Agent.
I authorize Schwab (and Schwab Bank, if applicable), and other persons to whom Schwab (or Schwab Bank) has given instructions in order to
implement my Agent's instructions, to rely on my Agent's instructions without obtaining my approval, countersignature or co-signature and to take
other actions necessary or incidental to the execution of such instructions. If I have named more than one Agent, I agree that each Agent may act
independently and without the consent of any other Agent. I understand that all authority granted to my Agent shall cease automatically upon Schwab
(or Schwab Bank, if applicable) receiving written notification from a licensed physician of my mental disability, incompetence, incapacity or death.
I agree to indemnify and hold Schwab and its predecessors, successors, officers, directors, employees, agents, representatives, parent companies,
affiliates, assigns, and attorneys harmless from and against any and all claims, judgments, taxes, fines, penalties, damages, liabilities, costs, and
expenses (including but not limited to attorneys' and expert witness fees) incurred by Schwab or Schwab Bank as a result of any claim, judgment, or
proceeding arising out of or connected in any manner whatsoever to Schwab or Schwab Bank's reliance on this Agreement and the representations
and warranties contained herein.
If this Trading and Withdrawal Authorization relates to a Trust account, each Trustee certifies that the Trust instrument authorizes the delegation of
authorities as indicated within this Trading and Withdrawal Authorization form and such delegation is not prohibited by the laws that govern the Trust.
FURTHERMORE, BY SIGNING THIS FORM, I ACKNOWLEDGE THAT THE ATTACHED TRADING AND WITHDRAWAL AUTHORIZATION AND
AGREEMENT RELATES TO MY ACCOUNT(S) AND IS PART OF (A) THE ACCOUNT AGREEMENT BETWEEN SCHWAB AND ME FOR MY BROKERAGE
ACCOUNT AND, IF APPLICABLE, (B) THE ACCOUNT AGREEMENT BETWEEN SCHWAB BANK AND ME FOR MY SCHWAB BANK INVESTOR
CHECKINGTM ACCOUNT. I ACKNOWLEDGE THAT I HAVE RECEIVED AND READ THE ATTACHED TRADING AND WITHDRAWAL AUTHORIZATION AND
AGREEMENT AND RETAINED A COPY FOR MY RECORDS AND THAT IT IS MY RESPONSIBILITY TO PROVIDE A COPY TO MY AGENT(S) IF I SO
DESIRE.
I understand that I am responsible for providing my Agent(s) with all agreements, disclosures and notices regarding my Account(s) and Investor
Checking account, if applicable, and this Trading and Withdrawal Authorization. I understand that I have the right to revoke or terminate this Trading
and Withdrawal Authorization at any time by providing written notice to Schwab or Schwab Bank, and that any revocation or termination of an
authorization with respect to a linked Account or Investor Checking account will apply to both the Account and linked Investor Checking account. I
understand that if I have a Schwab Bank Investor Checking account, I may contact or be contacted by Schwab or Schwab Bank regarding this Trading
and Withdrawal Authorization.
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, page 4, of the Trading and Withdrawal Authorization and Agreement.

✘ signer1_SignHere signer1_DocuSignFullName signer1_DateSigned


Signature: Account Holder or Trustee/Authorized Person Print Name Today's Date (mm/dd/yyyy)


Signature: Additional Account Holder or Co-Trustee/Authorized Person Print Name Today's Date (mm/dd/yyyy)


Signature: Additional Account Holder or Co-Trustee/Authorized Person Print Name Today's Date (mm/dd/yyyy)

8. Return Instructions
• Upload online with secure messaging (if you are an existing client and have online access to your Account).
1. Go to Schwab.com and log in to your Account.
2. Click the envelope icon to access Message Center, and then click Upload Document.
• Fax to 1-888-526-7252.
• Bring to your nearest Schwab branch (visit schwab.com/branch for locations).

Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value

Charles Schwab & Co., Inc. ("Schwab") and Charles Schwab Bank, SSB ("Schwab Bank") are separate but affiliated companies and subsidiaries of The
Charles Schwab Corporation. Brokerage products offered by Charles Schwab & Co., Inc., Member SIPC, are not insured by the FDIC, are not deposits
or obligations of Charles Schwab Bank, SSB, and are subject to investment risk, including possible loss of principal invested. Deposit and lending
products and services are offered by Charles Schwab Bank, SSB, Member FDIC and an Equal Housing Lender.

APP115615-01
©2024 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. 5 of 5
©2024 Charles Schwab Bank, SSB ("Schwab Bank"). All rights reserved. Member FDIC. Equal Housing Lender. PRINT
AEM11584322 (0323-2CL2) APP115615-01 (11/24)
Trading and Withdrawal Authorization
and Agreement Page 1 of 7

Please read and retain for your files.


Sections 1–4 relate to your brokerage account and are part of the Account Agreement between each Account Holder and Schwab.
Sections 5–7 relate to your Schwab Bank Investor Checking™ account and are part of the Account Agreement between each Account Holder and
Schwab Bank, if applicable. The terms "I," "me" and "my" refer to each Schwab or Schwab Bank Account Holder.
Please note that for the purposes of this Trading and Withdrawal Authorization, the term "brokerage account" refers to your account with
Charles Schwab & Co., Inc. ("Schwab"), a registered broker-dealer, and the term "Schwab Bank Investor Checking account" ("Investor Checking
account") refers to your account with Charles Schwab Bank, SSB ("Schwab Bank"), an Equal Housing Lender and Member FDIC.
Section 1. Account Holder's Authorization of Agent's Authorities
I authorize Schwab to take such actions as (the "Account Assets") and to make, execute Notwithstanding the aforementioned, if this
Schwab deems necessary to carry out and deliver any and all written instruments of Trading and Withdrawal Authorization applies to
instructions Schwab receives from me and/or assignment and transfer. an IRA, QRP, 403(b)(7) or Keogh account
Agent. I further authorize Schwab, in its sole Notwithstanding the above, Agents cannot ("Retirement Account") for which Schwab or its
discretion and for whatever reason, to request transfer securities into or out of the Account affiliate and/or any successor acts as trustee or
additional documentation from me prior to Holder's account to or from another brokerage custodian, this authorization shall allow the
executing any transaction requested by my firm or close the Account Holder's account. Agent to provide trading instructions to Schwab.
Agent. If I have appointed two or more Agents,
The Agent under a LTA is not authorized to However, such instructions shall be limited to
both Agents will have identical authorities as
withdraw or direct the disbursement of Account purchase, exchange and sell orders in any
indicated in Section 2 of the Trading and
Assets from the Account. investment permitted by the terms of the
Withdrawal Authorization form, and I hereby
Retirement Account and pursuant to Schwab
authorize them to act alone and without the If my Account has a Margin and Short Account
policy, and other incidental transactions subject
consent of the other Agent or Agents, with feature approved by Schwab, Agent is
to the limitations described herein.
respect to the authorities granted. In addition, I authorized to trade on margin, to sell short, to
hereby authorize Schwab, in its sole discretion, borrow securities, to otherwise cause credit to And, for FTA on a Retirement Account only, the
to restrict my Account from further activity in the be extended through the Account, and to secure authority in the same manner and to the same
event the Agents enter conflicting or inconsistent the performance of obligations in the Account extent as any Account Holder:
instructions. with Account Assets. If my Account is authorized
• to direct distributions from the Retirement
If Agent is associated with a securities firm of for options trading, after an options trading
Account and to make any elections in
the Financial Industry Regulatory Authority application is completed by the Agent and
connection therewith (including, without
("FINRA"), Schwab is authorized to deliver approved by Schwab, Agent is authorized to
limitation, elections relating to tax withholding).
information concerning my Account, including place options orders. Whenever this Trading and
duplicate confirmations and account statements, Withdrawal Authorization is attached to any
to such firm upon written request. instrument of assignment or transfer, all persons
shall be entitled, without further inquiry or
For both FTA and LTA, the Agent's authority will
investigation and regardless of the date of such
include, without limitation, the authority in the
Trading and Withdrawal Authorization, to act in
same manner and to the same extent as any
reliance upon the assumption that the Account
Account Holder:
Assets named in such instrument were duly and
• to give instructions for transactions in properly transferred, endorsed, sold, assigned,
securities and financial instruments, including set over and delivered, and that with respect to
the buying and selling of stocks, bonds, such Account Assets the authority conferred
debentures, notes, subscription warrants, herein is still in full force and effect.
stock purchase warrants, options, mutual fund And, for FTA only, the authority in the same
shares, evidences of indebtedness, and any manner and to the same extent as any
other securities, instruments or contracts Account Holder:
relating to securities; and
• to withdraw or direct the disbursement of
• (where necessary to complete any transaction) money held in the Account in or into the name
to transfer, convert, endorse, sell, assign, set of any person or entity, including the Account
over and deliver any assets held in the Account Holder or the Agent.

Section 2. Account Holder's Terms and Conditions


All orders and transactions will be governed by Role of Charles Schwab & Co., Inc. • Schwab will not give legal or tax advice;
the terms and conditions of all account I acknowledge and agree that: • Agent and I are responsible for determining the
agreements as applicable to my Account. • Schwab will merely effect trades as directed by nature, potential value and suitability for me of
Agent (LTA and FTA only); any particular investment strategy, transaction
(including futures transactions) or security

©2024 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
©2024 Charles Schwab Bank, SSB ("Schwab Bank"). All rights reserved. Member FDIC. Equal Housing Lender.
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(including equities and options); I will not rely Indemnification. I hereby ratify and confirm any Transfer Agent (LTA and FTA only). To induce
on Schwab for this purpose and, unless and all transactions, trades or dealings effected any transfer agent or other third party to act
(1) required by applicable law, or (2) a Schwab in and for my Schwab account by my Agent, and hereunder, I hereby agree that any transfer agent
representative gives advice directly to me or I agree to indemnify and hold harmless Schwab, or other third party receiving a duly executed
Agent that is clearly identified as a Schwab its affiliates, and their directors, officers, copy or facsimile of this Trading and Withdrawal
recommendation for me to enter into a employees and agents from and against all Authorization may act upon it, and that
particular transaction or to buy or sell a claims, actions, judgments, settlement amounts, revocation or termination hereof shall be
particular security, Schwab has no costs and liabilities, including attorneys' fees, ineffective as to such transfer agent or other
responsibility for any such determination; arising out of or relating to: third party unless and until actual notice or
• Schwab is not acting as a fiduciary; knowledge of such revocation or termination
• their reliance on this Trading and
shall have been received by such transfer agent
• I (and not Schwab) am responsible for Withdrawal Authorization;
or other third party, and I, for myself and for my
investigating and selecting Agent;
• Schwab's execution of Agent's instructions; and heirs, executors, legal representatives and
• Agent is not affiliated with or controlled or assigns, hereby agree to indemnify and hold
employed by Schwab, and Schwab has not • Schwab's execution of disbursement
harmless any such transfer agent or third party
approved, recommended or endorsed Agent; instructions received from Agent (FTA and
from and against any and all claims that may
Authorized Check User only).
• Agent, and not Schwab, is solely responsible arise against such transfer agent or other third
for determining if Agent is required to be Furthermore, I agree to indemnify and hold party by reason of such transfer agent or third
registered as an Investment Advisor with a Schwab harmless from, and to pay Schwab party having relied on this instrument.
state agency or the Securities and Exchange promptly upon demand for, any and all losses or
Assignment. This Trading and Withdrawal
Commission (SEC). Registration rules vary by financial obligations which may arise from the
Authorization supplements and in no way limits
state. I agree that it is Agent's responsibility, acts or omissions of the Agent with respect to
or restricts rights which Schwab may have under
and not Schwab's, to check his/her state's my Account. I also agree that since Schwab will
existing law or any other agreement with me.
applicable rules; not review, supervise or monitor trading by the
This Trading and Withdrawal Authorization will
• Unless required by applicable law, Schwab has Agent in my Account, Schwab will not be liable
bind my heirs, executors, administrators,
no duty to review, supervise or monitor any and I will not attempt to hold Schwab liable for
successors and assigns, and will benefit
investment decision, trading activity or any trade or decision made by the Agent whom I
Schwab's successors, affiliates and assigns.
transaction by Agent in my Account; and have selected, regardless of whether or not any
such trade or decision was specifically Governing Law. The laws of the state of
• Schwab reserves the right, in its sole
authorized by me. California (but not the choice of law doctrines),
discretion, to no longer honor instructions for
as applied to agreements signed and performed
Agent and will notify me if it chooses to do so. Termination of Authority. This Trading and
in California, shall apply and bind the parties in
In addition, I have investigated the business Withdrawal Authorization and indemnification
any and all questions arising under this Trading
experience, qualifications and reputation of my will remain in effect until Schwab is notified in
and Withdrawal Authorization, including
Agent and am satisfied with the experience, writing of my death, mental disability,
questions of validity, interpretation and
qualifications and reputation of my Agent. incompetence or incapacity; until I have revoked
performance, except that the arbitration
it by written notification; or until my Agent has
I understand that Schwab has not provided any agreement in Section 4 shall be governed by the
resigned by written notification and such
advice to me regarding this Trading and Federal Arbitration Act.
notification is received by Schwab. Such
Withdrawal Authorization, and if there is revocation will not affect my obligations resulting Arbitration. I agree to the arbitration provisions
anything about this Trading and Withdrawal from transactions initiated prior to Schwab's in Section 4, which also includes required
Authorization that I do not understand, I should receipt of notice of revocation. arbitration disclosures.
consult with my attorney for an explanation.
Section 3. Agent's Terms and Conditions
The undersigned Agent and Charles Schwab & or offer legal or tax advice and is not in any way Agent's Relationship to Schwab. If appointed
Co., Inc. ("Schwab") agree that the authority responsible for reviewing, supervising or FTA or LTA, Agent hereby represents that he/she
conferred on the Agent by the Trading and monitoring any investment decision or trading is familiar with and has reviewed the investment
Withdrawal Authorization executed by the activity in a Account Holder's account. Account goals, guidelines and objectives of the Account
Account Holder shall be exercised in accordance Holder and Agent are responsible for Holder and will invest in a way that is consistent
with the following terms and determining the nature, potential value and with the Account Holder's stated goals and
conditions ("Agreement"): suitability for Account Holder of any particular objectives. Such Agent will not represent to
Authorization to Make Transactions in the investment strategy, transaction (including Account Holder that Schwab and Agent are
Account Holder's Account. Agent may give futures transactions) or security (including affiliated or have any relationship other than that
instructions and take actions with respect to the equities and options); Agent will not rely on described in this Agreement; that Schwab
Account pursuant to the Trading and Withdrawal Schwab for this purpose and, unless (1) required endorses or recommends the Agent; that
Authorization. Account Holder may revoke the by applicable law, or (2) a Schwab Schwab provides any advice other than that
Trading and Withdrawal Authorization at any time representative gives advice directly to Agent that described in this Agreement; that Schwab
by giving written notice to Schwab. Account is clearly identified as a Schwab participates in or reviews Agent's trading
Holder will have concurrent full authority at all recommendation for Agent to enter into a decisions; or that Schwab manages, supervises
times to take actions and place orders for the particular transaction or to buy or sell a or monitors trading in the Account.
Account. Agent agrees not to take any actions that particular security, Schwab has no responsibility
Any Agent agrees to immediately notify Schwab
exceed the authority under the Trading and for any such determination.
of the Account Holder's death or any termination
Withdrawal Authorization or any other agreement Trade Confirmations and Account Statements. or revocation of the Trading and Withdrawal
between the Agent and the Account Holder. Unless the Account Holder directs otherwise, Authorization and/or modification of the Trading
Role of Charles Schwab & Co., Inc. Unless Schwab will not automatically send duplicate and Withdrawal Authorization; Agent also agrees
required by applicable law, Schwab will not trade confirmations and account statements to to notify Schwab of any incapacity,
make or review trading or investment decisions the Agent.

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Trading and Withdrawal Authorization and Agreement Page 3 of 7

incompetence or mental disability of the Account eligibility for the Account (and that of Account Indemnification. Agent agrees to indemnify and
Holder that would render the Trading and Holder's spouse, if Account Holder lives in a hold harmless Schwab, its affiliates and their
Withdrawal Authorization void. community property state) at account opening, directors, officers, employees and agents from
at any time throughout the life of the Account, and against all claims, actions, judgments,
Compliance with Applicable Law. Agent will
and thereafter for debt collection or settlement amounts, cost and liabilities,
comply with all applicable state and federal laws
investigative purposes. including attorneys' fees, arising out of or
(including the Investment Advisers Act of 1940
relating to:
and comparable state laws), rules and Monitoring of Conversations. Agent agrees that
regulations as they may be amended from time Schwab may, but is not obligated to, record • any breach by Agent of any provision of
to time, including, without limitation, making telephone calls to monitor the quality of service this Agreement;
such disclosure as may be required by Agent or Account Holder receives, to verify
• the performance or non-performance of the
applicable law, rule or regulation. securities transaction information or for any
Agent's services; and
other valid purpose. Agent acknowledges that
Agent further agrees that Agent, and not
Schwab may not be able to locate a tape • any dispute involving Agent and
Schwab, is solely responsible for determining if
recording unless Schwab is provided the date Account Holder.
Agent is required to be registered as an
and time of the conversation and the full name
Investment Advisor with a state agency or the Entire Agreement. This Agreement contains all
of the Schwab representative involved in the
Securities and Exchange Commission (SEC). of the agreements, representations and
conversation. Agent agrees that Schwab has the
sole right to determine how long tape recordings understandings made between Agent and
Registration rules vary by state. Agent agrees to
will be retained. Schwab. Schwab may amend the Agreement
check his/her state's applicable rules.
with advance notice to Agent.
Compliance with FINRA Rules of Fair Practice. Sale and Control of Restricted Securities (LTA
and FTA only). Assignment. Schwab may assign its rights and
Agent represents and warrants that, unless the
obligations under this Agreement to any
Agent has given Schwab written notice to the Before instructing Schwab to sell securities
subsidiary, affiliate or successor by merger or
contrary, Agent is not "associated" with a that are:
consolidation without notice to the Agent, or to
member of the Financial Industry Regulatory
• "restricted securities" or securities of an issuer any other entity after 30 days' written notice to
Authority, within the meaning of Article I(Q) of
of which Agent or the Account Holder is an Agent. Agent may not assign this Agreement
the FINRA bylaws. Agent agrees to give Schwab
"affiliate" (as those terms are defined in Rule without Schwab's prior written consent. This
prompt and written notice if Agent later
144 under the Securities Act of 1933), or Agreement is binding upon and will inure to the
becomes so associated in accordance with
benefit of each party's successors, heirs, legal
FINRA's Conduct Rule 3050 (formerly Section 28 • securities that are being sold in reliance on representative and permitted assigns.
of the Rules of Fair Practice). Rule 701 or Rule 145 under such Act, or
Waivers. The failure of either party at any time to
Information. Agent will provide promptly any • securities of which the Account Holder or the require performance by the other party of any
information reasonably requested by Schwab Agent and the issuer or its underwriter have provision of this Agreement will not affect in any
concerning the management of the Account or entered into an agreement restricting the way the right to require such performance at any
compliance with this Agreement. If questions transferability of such securities, time thereafter. The waiver by either party of a
arise concerning compliance with any law,
Agent agrees to tell Schwab the status of such breach of any provision hereof will not be taken
whether federal or state, Agent will take any
securities and promptly furnish whatever or held to be a waiver of the provision itself.
action believed by Schwab to be necessary to
ensure compliance with applicable law. This information and documents (including opinions Governing Law. The laws of the state of
provision shall not be read to imply that Schwab of legal counsel, if requested) that Schwab California (but not the choice of law doctrines),
has any duty to supervise or monitor Agent's requests in order to comply with its as applied to agreements signed and performed
management of Account Holder's accounts or regulatory duties. in California, shall apply and bind the parties in
compliance with applicable law. Agent Agent agrees not to hold Schwab liable for any and all questions arising under this Trading
represents and warrants that all information delays in the sale or settlement of such and Withdrawal Authorization, including
Agent provides to Schwab in this Agreement, or securities, or the release of proceeds from such questions of validity, interpretation and
otherwise at any time, is true, accurate and sale resulting from the failure of the issuer's performance, except that the arbitration
complete. If any information Agent furnishes to counsel to issue in a timely manner or to agreement in Section 4 below shall be governed
Schwab becomes materially inaccurate, false, or approve any necessary legal opinion, or any by the Federal Arbitration Act.
otherwise misleading, Agent agrees to notify other action or failure to act of any person or
Schwab promptly and take such action as is Arbitration. Agent agrees to the arbitration
entity other than Schwab. provisions in Section 4, which also includes
necessary to revise such information.
Agent agrees not to tender any such securities required arbitration disclosures.
Verification. Agent authorizes Schwab to inquire as collateral for an obligation the Account
from any source, including a consumer reporting Holder owes Schwab, unless Agent first obtains
agency, as to Agent's identity (as required by Schwab's prior written consent.
federal law), creditworthiness and ongoing

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Trading and Withdrawal Authorization and Agreement Page 4 of 7

Section 4. Account Holder and Agent Agree to Arbitration


Required Arbitration Disclosures. Regulatory instructions, or authorizations; (ii) the Account, including the Federal Arbitration Act. Any costs,
authorities require that any brokerage any other Schwab account or Services; fees or taxes involved in enforcing the award
agreement containing a predispute arbitration (iii) transactions in the Account or any other shall be fully assessed against and paid by the
agreement must disclose that this agreement Schwab account; (iv) or in any way arising from party resisting enforcement of said award.
contains a predispute arbitration clause. This the relationship with Schwab, its parent,
For FINRA arbitrations, FINRA will appoint a
Agreement contains a predispute arbitration subsidiaries, affiliates, officers, directors,
single public arbitrator in customer cases
clause. By signing an arbitration agreement, the employees, agents or service providers
decided by one arbitrator. In customer cases
parties agree as follows: ("Related Third Parties"), including any
decided by three arbitrators, investors have the
controversy over the arbitrability of a dispute,
• All parties to this Agreement are giving up the option of choosing an arbitration panel with
will be settled by arbitration.
right to sue each other in court, including the two public arbitrators and one non-public
right to a trial by jury, except as provided by This arbitration agreement will be binding upon arbitrator (Majority-Public Panel Rule) or a
the rules of the arbitration forum in which a and inure to the benefit of the parties hereto panel of all public arbitrators (Optional All-
claim is filed. and their respective representatives, attorneys- Public Panel Rule). If the customer declines to
in-fact, heirs, successors, assigns and any elect a panel selection method in writing by the
• Arbitration awards are generally final and
other persons having or claiming to have a legal applicable deadline, the Majority-Public Panel
binding; a party's ability to have a court
or beneficial interest in the Account, including Rule for selecting arbitrators will apply.
reverse or modify an arbitration award is
court-appointed trustees and receivers. This
very limited. All notices from one party to the other involving
arbitration agreement will also inure to the
arbitration shall be considered to have been
• The ability of the parties to obtain benefit of third-party service providers that
fully given when so served, mailed by first-
documents, witness statements and other assist Schwab in providing Services ("Third-
class, certified or registered mail, or otherwise
discovery is generally more limited in Party Service Providers") and such Third-Party
given by other commercially accepted medium
arbitration than in court proceedings. Service Providers are deemed to be third-party
of written notification.
beneficiaries of this arbitration agreement.
• The arbitrators do not have to explain the
In addition to the above provisions, if a party to
reason(s) for their award unless, in an eligible The parties agree that this arbitration
this Agreement is or becomes a non-U.S.
case, a joint request for an explained decision agreement will apply even if the application to
resident at the time of any controversy subject
has been submitted by all parties to the panel open the Account is denied and will survive the
to this arbitration agreement, such party
at least 20 days prior to the first scheduled closure of your Account and/or the termination
acknowledges and agrees to the following
hearing date. of services rendered under this Agreement.
additional provisions:
• The panel of arbitrators will typically include a Such arbitration will be conducted by, and
(1) The rules of the organization administering
minority of arbitrators who were or are according to the securities arbitration rules and
the arbitration specifically provide for the
affiliated with the securities industry. regulations then in effect of, the Financial
formal designation of the place at which the
Industry Regulatory Authority (FINRA) or any
• The rules of some arbitration forums may arbitration is to be held.
national securities exchange that provides a
impose time limits for bringing a claim in forum for the arbitration of disputes, provided (2) Entering into this Agreement constitutes
arbitration. In some cases, a claim that is that Schwab is a member of such national consent to submit to the personal
ineligible for arbitration may be brought securities exchange at the time the arbitration jurisdiction of the courts of the state of
in court. is initiated. Any party may initiate arbitration by California, U.S.A., to interpret or enforce any
• The rules of the arbitration forum in which the filing a written claim with FINRA or such eligible or all of these arbitration provisions.
claim is filed, and any amendments thereto, national securities exchange. If arbitration Judgment on any arbitration award may be
shall be incorporated into this Agreement. before FINRA or an eligible national securities entered in any court having jurisdiction, or
exchange is unavailable or impossible for any application may be made to such court for
No person shall bring a putative or certified reason, then such arbitration will be conducted judicial acceptance of the award and an
class action to arbitration, nor seek to enforce by, and according to the rules and regulations order of enforcement, as the case may be.
any predispute arbitration agreement against then in effect of, the American Arbitration
any person who has initiated in court a putative Association (AAA). If arbitration before the AAA (3) The exclusive language to be used by the
class action or who is a member of a putative is unavailable or impossible for any reason, the parties and the arbitrators in the arbitration
class who has not opted out of the class with parties agree to have a court of competent proceedings shall be English. Any party
respect to any claims encompassed by the jurisdiction appoint three (3) arbitrators to wishing an interpreter shall make all
putative class action until: resolve any and all disputes or controversies arrangements directly with the interpreter
between or among the parties. Each party shall and shall assume all costs of the service.
1. the class certification is denied;
bear its own initial arbitration costs, which are (4) If a party is a foreign government or state,
2. the class is decertified; or determined by the rules and regulations of the state-owned or state-operated enterprise or
3. the customer is excluded from the class by arbitration forum. In the event of financial other instrumentality of a foreign
the court. hardship, the arbitration forum may waive government or state, such party waives all
certain costs in accordance with such rules. At rights of sovereign immunity and neither the
Such forbearance to enforce an agreement to the conclusion of the hearing, the arbitrators Federal Act of State doctrine nor the
arbitrate shall not constitute a waiver of any will decide how to assess the costs of the doctrine of sovereign immunity shall apply
rights under this Agreement except to the arbitration among the parties. insofar as any enforcement in courts
extent stated herein.
Any award the arbitrator makes shall be final located in the U.S.A. is concerned.
Arbitration Agreement. Any controversy or and binding, and judgment on it may be
claim arising out of or relating to (i) this entered in any court having jurisdiction. This
Agreement, any other agreement with Schwab, arbitration agreement shall be enforced and
an instruction or authorization provided to interpreted exclusively in accordance with
Schwab or the breach of any such agreements, applicable federal laws of the United States,

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Trading and Withdrawal Authorization and Agreement Page 5 of 7

Section 5. Schwab Bank Account Holder's Authorization of Agent's Authorities


I authorize Charles Schwab Bank, SSB ("Schwab withdrawals or transfer funds. My Agent may properly transferred, endorsed, sold, assigned,
Bank") to take such actions as Schwab Bank also request copies of specific account set over and delivered, and that with respect to
deems necessary to carry out instructions statements upon my request. such Investor Checking account assets the
Schwab Bank receives from me and/or Agent authority conferred herein is still in full force
For FTA, my Agent's authority consists of
with respect to my Investor Checking account. I and effect.
unlimited authority to view my Investor Checking
further authorize Schwab Bank, in its sole
account information, balances and transactions,
discretion and for whatever reason, to request
transfer or withdraw money from my Investor
additional documentation from me prior to
Checking account, including into the name of the
executing any transaction requested by my
Agent, to write checks against my Investor
Agent. If I have appointed two or more Agents,
Checking account, and obtain stop payments.
both Agents will have identical authorities as
My Agent may also request copies of specific
indicated in Section 2 of the Trading and
Investor Checking account statements upon my
Withdrawal Authorization form, and I hereby
request. I understand that certain access
authorize them to act alone and without the
devices may not be made available to my Agent.
consent of the other Agent or Agents with
respect to the authorities granted. In addition, I Whenever this Trading and Withdrawal
hereby authorize Schwab Bank, in its sole Authorization is attached to any instrument of
discretion, to restrict my Schwab Bank Investor assignment or transfer, all persons shall be
Checking™ account from further activity in the entitled, without further inquiry or investigation
event the Agents enter conflicting or and regardless of the date of such Trading and
inconsistent instructions. Withdrawal Authorization, to act in reliance upon
the assumption that the Investor Checking
For LTA, my Agent's authority consists of the
account assets named in such instrument were
authority to view my Investor Checking account
duly and
information, balances and transactions, but not
to make

Section 6. Schwab Bank Account Holder's Terms and Conditions


All transactions will be governed by the terms Indemnification. I hereby ratify and confirm any incompetence or incapacity or until I have
and conditions of all account agreements as and all transactions or dealings effected in and revoked it by written notification, and such
applicable to my Investor Checking account. for my Investor Checking account by my Agent, notification is received by Schwab Bank or
and I agree to indemnify and hold harmless Schwab. Such revocation will not affect my
Role of Schwab Bank. I acknowledge and
Schwab Bank, its affiliates, and their directors, obligations resulting from transactions initiated
agree that:
officers, employees and agents from and against prior to Schwab Bank's or Schwab's receipt of
• Schwab Bank will merely effect transactions as all claims, actions, judgments, settlement notice of revocation. I understand that any
directed by Agent (LTA and FTA); amounts, costs and liabilities, including revocation of authorizations on the linked
attorneys' fees, arising out of or relating to: Schwab Account will be deemed to apply to the
• Schwab Bank will not give legal or tax advice; linked Investor Checking account.
• their reliance on this Trading and
• Schwab Bank is not acting as a fiduciary;
Withdrawal Authorization; Assignment. This Trading and Withdrawal
• I (and not Schwab Bank) am responsible for Authorization supplements and in no way limits
investigating and selecting Agent; • Schwab Bank's execution of Agent's
or restricts rights which Schwab Bank may have
instructions; and
under existing law or any other agreement with
• Agent is not affiliated with or controlled or
• Schwab Bank's execution of disbursement me. This Trading and Withdrawal Authorization
employed by Schwab Bank, and Schwab Bank
instructions received from Agent (FTA only). will bind my heirs, executors, administrators,
has not approved, recommended or
successors and assigns, and will benefit Schwab
endorsed Agent; Furthermore, I agree to indemnify and hold Bank's successors, affiliates and assigns.
• Unless required by applicable law, Schwab Schwab Bank harmless from, and to pay
Schwab Bank promptly upon demand for, any Governing Law. The laws of the state of Nevada
Bank has no duty to review, supervise or
and all losses or financial obligations which may (but not the choice of law doctrines), as applied
monitor any transaction by Agent in my
arise from the acts or omissions of the Agent to Schwab Bank agreements signed and/or
Investor Checking account; and
with respect to my Investor Checking account. I performed by Schwab Bank, shall apply and
• Schwab Bank reserves the right, in its sole also agree that Schwab Bank will not be liable bind the Account Holder(s) and Agent(s) in any
discretion, to no longer honor instructions for and I will not attempt to hold Schwab Bank and all questions arising under Sections 5
Agent and will notify me if it chooses to do so. liable for any transaction or decision made by through 7 of this Trading and Withdrawal
the Agent whom I have selected, regardless of Authorization and Agreement, including
I understand that Schwab Bank has not provided questions of validity, interpretation and
whether or not any such transaction or decision
any advice to me regarding this Trading and performance. All other questions arising out of
was specifically authorized by me.
Withdrawal Authorization, and if there is any other section of this Trading and Withdrawal
anything about this Trading and Withdrawal Termination of Authority. This Trading and Authorization and Agreement shall be governed
Authorization that I do not understand, I should Withdrawal Authorization and indemnification by California law.
consult with my personal attorney for will remain in effect until Schwab Bank or
an explanation. Schwab is notified in writing of my death, Arbitration. The arbitration provision in the
mental disability, Schwab Bank Deposit Account Agreement
applies to this Trading and Withdrawal
Authorization with respect to the Account
Holder's agreement with Schwab Bank.

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AEM11584322 (0323-2CL2) APP115615-01 (11/24)
Trading and Withdrawal Authorization and Agreement Page 6 of 7

Section 7. Schwab Bank Agent's Terms and Conditions


The Agent signing in Section 4 of the Trading and Compliance with Applicable Laws. Agent will • any dispute involving Agent and
Withdrawal Authorization form and Charles comply with all applicable state and federal Account Holder.
Schwab Bank, SSB ("Schwab Bank") agree that laws, rules and regulations as they may be
Entire Agreement. This Trading and Withdrawal
the authority conferred on the Agent by the amended from time to time, including, without
Authorization and the Schwab Bank Investor
Trading and Withdrawal Authorization executed limitation, making such disclosure as may be
Checking Account Agreement contain all of the
by the Schwab Bank Investor Checking™ required by applicable law, rule or regulation.
agreements, representations and
Account Holder shall be exercised in accordance
Information. Agent will provide promptly any understandings made between Agent and
with the following terms and conditions:
information reasonably requested by Schwab Schwab Bank. All modifications and
Authorization to Make Transactions in the Bank concerning the management of the amendments must be in writing and signed by
Account Holder's Investor Checking account. Investor Checking account or compliance with Schwab Bank. Schwab Bank may amend this
Agent may give instructions and take actions this Trading and Withdrawal Authorization. If Trading and Withdrawal Authorization with
with respect to the Investor Checking account questions arise concerning compliance with any advance notice to Agent.
pursuant to the Trading and Withdrawal law, whether federal or state, Agent will take any
Assignment. Schwab Bank may assign its rights
Authorization. Account Holder may revoke the action believed by Schwab Bank to be necessary
and obligations under this Trading and
Trading and Withdrawal Authorization at any to ensure compliance with applicable law. This
Withdrawal Authorization to any subsidiary,
time by giving written notice to Schwab Bank provision shall not be read to imply that Schwab
affiliate or successor by merger or consolidation
or Schwab. Bank has any duty to supervise or monitor
without notice to the Agent, or to any other
Agent's management of Account Holder's
Account Holder will have concurrent full entity after 30 days' written notice to Agent.
accounts or compliance with applicable law.
authority at all times to take actions for the
Agent may not assign this Trading and
Investor Checking account. Agent agrees not to Agent represents and warrants that all
Withdrawal Authorization without Schwab
take any actions that exceed the authority under information Agent provides to Schwab Bank in
Bank's prior written consent. This Trading and
the Trading and Withdrawal Authorization or any this Trading and Withdrawal Authorization, or
Withdrawal Authorization is binding upon and
other agreement between the Agent and the otherwise at any time, is true, accurate and
will inure to the benefit of each party's
Account Holder. complete. If any information Agent furnishes to
successors, heirs, legal representative and
Schwab Bank becomes materially inaccurate,
Role of Schwab Bank. Unless required by permitted assigns.
false, or otherwise misleading, Agent agrees to
applicable law, Schwab Bank will not make or
notify Schwab Bank promptly and take such Waivers. The failure of either party at any time to
review transactions or investment decisions or
action as is necessary to revise require performance by the other party of any
offer legal or tax advice and is not in any way
such information. provision of this Trading and Withdrawal
responsible for reviewing, supervising or
Authorization will not affect in any way the right
monitoring any transactions in a Account Verification. Agent authorizes Schwab Bank to
to require such performance at any time
Holder's account. inquire from any source, including a consumer
thereafter. The waiver by either party of a breach
reporting agency, as to Agent's identity (as
Account Statements. Unless the Account of any provision hereof will not be taken or held
required by federal law), creditworthiness and
Holder makes a specific request, Schwab Bank to be a waiver of the provision itself.
ongoing eligibility for the Investor Checking
will not send duplicate account statements to
account at account opening, at any time Governing Law. The laws of the state of Nevada
the Agent.
throughout the life of the Investor Checking (but not the choice of law doctrines), as applied
Agent's Relationship to Schwab Bank. Agent account, and thereafter for debt collection or to Schwab Bank agreements signed and/or
will not represent to Account Holder that investigative purposes. performed by Schwab Bank, shall apply and
Schwab Bank and Agent are affiliated or have bind the Account Holder(s) and Agent(s) in any
Recording and Monitoring Telephone Calls.
any relationship other than that described in this and all questions arising under Sections 5
Schwab Bank may record or monitor telephone
Trading and Withdrawal Authorization; that through 7 of this Trading and Withdrawal
calls between Agent and Schwab Bank. Schwab
Schwab Bank endorses or recommends the Authorization and Agreement, including
Bank need not remind Agent of such recording
Agent; that Schwab Bank provides any advice questions of validity, interpretation and
or monitoring before each call unless required to
other than that described in this Trading and performance. All other questions arising out of
do so by law.
Withdrawal Authorization; that Schwab Bank any other section of this Trading and Withdrawal
participates in or reviews Agent's decisions; or Indemnification. Agent agrees to indemnify and Authorization and Agreement shall be governed
that Schwab Bank manages, supervises or hold harmless Schwab Bank, its affiliates and by California law.
monitors transactions in the Investor their directors, officers, employees and agents
Arbitration. With respect to its relationship with
Checking account. from and against all claims, actions, judgments,
Schwab Bank, Agent agrees to the arbitration
settlement amounts, cost and liabilities,
Agent agrees to immediately notify Schwab Bank provision located in the Schwab Bank Deposit
including attorneys' fees, arising out of or
of the Account Holder's death or any termination Account Agreement.
relating to:
or revocation of the Trading and Withdrawal
Authorization and/or modification of the Trading • any breach by Agent of any provision of this
and Withdrawal Authorization; Agent also agrees Trading and Withdrawal Authorization;
to notify Schwab Bank of any incapacity,
incompetence or mental disability of the • the performance or non-performance of the
Account Holder that would render the Trading Agent's services; and
and Withdrawal Authorization void.

Investment and Insurance Products: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • No Bank Guarantee • May Lose Value

Charles Schwab & Co., Inc. and Charles Schwab Bank, SSB are separate but affiliated companies and subsidiaries of The Charles Schwab
Corporation. Brokerage products are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products and services are offered by
Charles Schwab Bank, SSB, Member FDIC and an Equal Housing Lender.

©2024 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
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AEM11584322 (0323-2CL2) APP115615-01 (11/24)
Trading and Withdrawal Authorization and Agreement Page 7 of 7

Certification of Trust—Trust Accounts Only


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

©2024 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
©2024 Charles Schwab Bank, SSB ("Schwab Bank"). All rights reserved. Member FDIC. Equal Housing Lender.
AEM11584322 (0323-2CL2) APP115615-01 (11/24)

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