What type of Traditional IRA account would you like to open?

Insured By FDIC or aFederal Government Agency

Not a Deposit Of or GuaranteedBy Bank of the West

ValueLoseMay

Tradition IRA

Rollover IRA

A self-funded retirement plan where year-to-year contributions are generally tax deductible (If you also have an employer sponsored retirement plan, such as a 401(k), your tax deduction may be limited). Contributions and interest are generally tax-deferred until retirement.

An IRA account that allows for the holdings of one retirement plan to be transferred to another.

What type of Traditional IRA account would you like to open?

Primary Account Holder Information (Minor if a Custodial Account)

Title: MDMSirProfDrMsMrsMr

First Name

Middle Initial

Last Name

E-Mail Address

Address

City

Country

State/Territory

Zip

Permanent Address We cannot accept a P.O. Box as your Legal (Residence) address

Drivers License State Identification CardPassport

Address

City

Country

State/Territory

Zip

Mailing Address If different from Permanent Address

Contact Information

Home Phone

Work Phone

Cell Phone

Personal Information

Date of Birth MM/DD/YYYY

Country of Citizenship

Country of Residence

State of Residence

Social Security Number or ITIN

Government ID Type

Government ID Number

Government ID Country of Issue

Government ID State of Issue

Issue Date

Expiration Date

MM/DD/YYYY

MM/DD/YYYY

Marital Status

Number of Dependents

Single Domestic PartnerDivorcedWidowedMarried

XXX-XXX-XXXX

Employment Information

Employment Status Employed StudentHomemakerUnemployedRetiredSelf Employed

Employer

Address

City

Country

State/Territory

Zip

Phone

Occupation

Nature of Business

Financial InformationAnnual Income

$25,000 or less $25,001 - $50,0000 $50,001 - $100,000 $100,001 - $250,000 $250,001 - $500,000 $500,001 or more

Net Worth

$1,000,001 - $3,000,000 $3,000,001 or more

$25,000 or less $25,001 - $50,0000 $50,001 - $100,000 $100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

Liquid Net Worth

$1,000,001 - $3,000,000 $3,000,001 or more

$25,000 or less $25,001 - $50,0000 $50,001 - $100,000 $100,001 - $250,000 $250,001 - $500,000 $500,001 - $1,000,000

Source of Income

Income from Earnings

Insurance Proceeds Lottery/Gaming ProceedsSpouse/ParentPension/IRA/Retirement Savings

Legal Settlement Inheritance Sale of BusinessInvestment ProceedsGift

Tax Status

0 - 15% 50.1+32.1 - 50%15.1 - 32%

Investment Knowledge and Experience

Equities

Options

Fixed Income

Mutual Funds

ETFs

Year started Investing (YYYY) Level of Experience

None ExtensiveModerateLimited





Risk Exposure Low SpeculationHighMedium

Broker-Dealer Affiliations

Yes No

Yes No

Yes No

Yes No

Yes No

Yes No

Employee of this Broker-Dealer

Employee of ANOTHER Broker-Dealer

Related to an Employee of this Broker-Dealer

Related to an Employee of ANOTHER Broker-Dealer

Employee or related to employee of a Stock Exchange or FINRA

Senior Officer, Director or 10% Shareholder of a public company

USA Patriot Act Information

Yes No

Yes No

Yes No

Yes No

Is this a Private Banking Account as defined under the USA Patriot Act?

Is this account for a Foreign Financial Institution (e.g. a non-US bank, branch of a non-US bank, broker/dealer, futures merchant commodities introducing broker, mutual fund, money transmitter or currency exchanger0 as defined under the USA Patriot Act?

Is this a Foreign Bank Account as defined under the USA Patriot Act?

Are you or anyone with an interest in the account either (1) a senior military, governmental, or political official, or (2) closely associated with an immediate family member of such an official?

If Yes, Name of the official

Office held

Country

Investment Objective for this Account

Aggressive Growth

Total Income

Tax Advantaged Income

Growth, Income

Capital Preservation

How will you fund your account

Check Deposit, ACH Transfer or Wire Transfer

via E-mail

via Regular Mail

Transfer exsisting account or securities from a brokerage, mutual fund company, etc.

Account Document Delivery

How would you like your account statements, trade confirmations and tax documents delivered to you?

(Free)

(Charges may apply, see Fee Schedule for details)

Options Application

Options are contracts that give the buyer the right (but not the obligation) to buy or sell an underlying security at a specific price until a specific expiration date. An option writer (seller) is obligated if and when the buyer exercises the option, to perform according to the terms of the option. Options trading can involve a high degree of risk and is not suitable for all investors. Options trading can be speculative in nature and may result in severe financial loss, including a loss of funds greater than the amount you have deposited in your account. Before considering option trading, you must carefully read the Characteristics and Risks of Standardized Options and the Options Disclosure Statement. Options trading privileges and the trading levels of those privileges are subject to approval.

Yes No Apply for Options within this account? (Requires the Options document to be completed)

Beneficiary One


First Name Middle Initial

Last Name



Primary Beneficiary Contingent Beneficiary

% to be given Relationship

Beneficiary Two



Last Name




% to be given

Beneficiary Three



Last Name




% to be given

Beneficiary Four



Last Name




% to be given

Spousal Consent

This section should be reviewed if either the trust or the residence of the IRA holder is located in a community or marital property state and the IRA holder is married. Due to the important tax consequences of giving up one’s community property interest, individuals signing this section should consult with a competent tax or legal advisor.

Current Marital Status

Consent of Spouse

Signature of Spouse

I am the spouse of the above-named IRA holder. I acknowledge that I have received a fair and reasonable disclosure of my spouse’s property and financial obligations. Due to the important tax consequences of giving up my interest in this IRA, I have been advised to see a tax professional.

I hereby give the IRA holder any interest I have in the funds or property deposited in this IRA and consent to the beneficiary designation(s) indicated above. I assume full responsibility for any adverse consequences that may result. No tax or legal advice was given to me by the Custodian.

I am Not Married

I am Married

– I understand that if I become married in the future, I must complete a new IRA Designation Of Beneficiary form.

– I understand that if I choose to designate a primary beneficiary other than my spouse, my spouse must sign below.

Signature of Witness Date

Date

Relationship

Relationship

Relationship

Account Holder Attestation

Important: Please read before signing. I understand the eligibility requirements for the type of IRA deposit I am making and I state that I do qualify to make the deposit. I have received a copy of the Application, the 5305-A Plan Agreement, the Financial Disclosure and the Disclosure Statement. I understand that the terms and conditions which apply to this IRA are contained in this Application and the Plan Agreement. I agree to be bound by those terms and conditions. Within seven (7) days from the date I open this IRA I may revoke it without penalty by mailing or delivering a written notice to the Custodian.

I assume complete responsibility for: 1. Determining that I am eligible for an IRA each year I make a contribution. 2. Ensuring that all contributions I make are within the limits set forth by the tax laws. 3. The tax consequences of any contribution (including rollover contributions) and distributions.

Persons effecting transactions in securities offered through BWIS and/or held by Pershing or, persons who have securities held by Pershing are subject to a Pre-Dispute Arbitration Agreement and a New Account Agreement. I acknowledge receipt of the Pre-Dispute Arbitration Agreement, New Account Form and the New Account Agreement. Further, I certify that I was provided an opportunity to read the Pre-Dispute Arbitration Agreement, New Account Form and New Account Agreement, and received a copy of the BWIS Privacy Policy, BWIS Summary of its Business Continuity Plan, Pershing's Privacy Policy, the applicable Money Market Disclosure and BWIS disclosure of Potential Conflicts of Interest Regarding Cost-Sharing Arrangements with Annuity /Mutual Fund Providers. I agree to be bound by all terms and conditions of this Agreement, New Account Form and New Account Agreement applicable to this account. I certify that all the above information is true and correct.

Primary Account Holder Date

Promo Code:

The Depositor named on the Application is establishing a Traditional individual retirement account under section 408(a) to provide for his or her retirement and for the support of his or her beneficiaries after death. The Custodian named on the Application has given the Depositor the disclosure statement required by Regulations section 1.408-6. The Depositor has assigned the custodial account the sum indicated on the Application. The Depositor and the Custodian make the following agreement: ARTICLE I Except in the case of a rollover contribution described in section 402(c), 403(a)(4), 403(b)(8), 408(d)(3), or 457(e)(16), an employer contribution to a simplified employee pension plan as described in section 408(k), or a recharacterized contribution described in section 408A(d)(6), the Custodian will accept only cash contributions up to $3,000 per year for tax years 2002 through 2004. That contribution limit is increased to $4,000 for tax years 2005 through 2007 and $5,000 for 2008 and thereafter. For individuals who have reached the age of 50 before the close of the tax year, the contribution limit is increased to $3,500 per year for tax years 2002 through 2004, $4,500 for 2005, $5,000 for 2006 and 2007, and $6,000 for 2008 and thereafter. For tax years after 2008, the above limits will be increased to reflect a cost-of-living adjustment, if any. ARTICLE II The Depositor's interest in the balance in the custodial account is nonforfeitable. ARTICLE III 1. No part of the custodial account funds may be invested in life insurance contracts, nor may the assets of the custodial account be commingled with other property except in a common trust fund or common investment fund (within the meaning of section 408(a)(5)). 2. No part of the custodial account funds may be invested in collectibles (within the meaning of section 408(m)) except as otherwise permitted by section 408(m)(3), which provides an exception for certain gold, silver, and platinum coins, coins issued under the laws of any state, and certain bullion. ARTICLE IV 1. Notwithstanding any provision of this Agreement to the contrary, the distribution of the Depositor's interest in the custodial account shall be made in accordance with the following requirements and shall otherwise comply with section408(a)(6) and the regulations thereunder, the provisions of which are herein incorporated by reference. 2. The Depositor's entire interest in the custodial account must be, or begin to be, distributed not later than the Depositor's required beginning date, April 1 following the calendar year in which the Depositor reaches age 701.2. By that date, the Depositor may elect, in a manner acceptable to the Custodian, to have the balance in the custodial account distributed in: (a) A single sum or (b) Payments over a period not longer than the life of the Depositor or the joint lives of the Depositor and his or her designated beneficiary. 3. If the Depositor dies before his or her entire interest is distributed to him or her, the remaining interest will be distributed as follows: (a) If the Depositor dies on or after the required beginning date and: (i) the designated beneficiary is the Depositor's surviving spouse, theremaining interest will be distributed over the surviving spouse's life expectancy as determined each year until such spouse's death, or over the period in paragraph (a)(iii) below if longer. Any interest remaining after the spouse's death will be distributed over such spouse's remaining life expectancy as determined in the year of the spouse's death and reduced by 1 for each subsequent year, or, if distributions are being made over the period in paragraph (a)(iii) below, over such period. (ii) the designated beneficiary is not the Depositor's surviving spouse, the remaining interest will be distributed over the beneficiary's remaining life expectancy as determined in the year following the death of the Depositor and reduced by 1 for each subsequent year, or over the period in paragraph (a)(iii) below if longer. (iii) there is no designated beneficiary, the remaining interest will be distributed over the remaining life expectancy of the Depositor as determined in the year of the Depositor's death and reduced by 1 for each subsequent year. (b) If the Depositor dies before the required beginning date, the remaining interest will be distributed in accordance with (i) below or, if elected or there is no designated beneficiary, in accordance with (ii) below: (i) the remaining interest will be distributed in accordance with paragraphs (a)(i) and (a)(ii) above (but not over the period in paragraph (a)(iii), even if longer), starting by the end of the calendar year following the year of the Depositor's death. If, however, the designated beneficiary is the Depositor's surviving spouse, then this distribution is not required to begin before the end of the calendar year in which the Depositor would have reached age 701.2. But, in such case, if the Depositor's surviving spouse dies before distributions are required to begin, then the remaining interest will be distributed in accordance with (a)(ii) above (but not over the period in paragraph (a)(iii), even if longer), over such spouse's designated beneficiary's life expectancy, or in accordance with (ii) below if there is no such designated beneficiary. (ii) the remaining interest will be distributed by the end of the calendar year containing the fifth anniversary of the Depositor's death. 4. If the Depositor dies before his or her entire interest has been distributed and if the designated beneficiary is not the Depositor's surviving spouse, no additional contributions may be accepted in the account. 5. The minimum amount that must be distributed each year, beginning with the year containing the Depositor's required beginning date, is known as the “required minimum distribution” and is determined as follows: (a) the required minimum distribution under paragraph 2(b) for any year, beginning with the year the Depositor reaches age 701.2, is the Depositor's account value at the close of business on December 31 of the preceding year divided by the distribution period in the uniform lifetime table in Regulations section 1.401(a)(9)-9. However, if the Depositor's designated beneficiary is his or her surviving spouse, the required minimum distribution for a year shall not be more than the Depositor's account value at the close of business on December 31 of the preceding year divided by the number in the joint and last survivor table in Regulations section 1.401(a)(9)-9. The required minimum distribution for a year under this paragraph (a) is determined using the Depositor's (or, if applicable, the Depositor and spouse's) attained age (or ages) in the year. (b) the required minimum distribution under paragraphs 3(a) and 3(b)(i) for a year, beginning with the year following the year of the Depositor's death (or the year the Depositor would have reached age 701.2, if applicable under paragraph 3(b)(i)) is the account value at the close of business on December 31 of the preceding year divided by the life expectancy (in the single life table in Regulations section 1.401(a)(9)-9) of the individual specified in such paragraphs 3(a) and 3(b)(i). (c) the required minimum distribution for the year the Depositor reaches age 701.2 can be made as late as April 1 of the following year. The required minimum distribution for any other year must be made by the end of such year. 6. The owner of two or more Traditional IRAs may satisfy the minimum distribution requirements described above by taking from one Traditional IRA the amount required to satisfy the requirement for another in accordance with the Regulations under section 408(a)(6).

Traditional Individual Retirement Custodial Account Agreement

ARTICLE VI Notwithstanding any other articles which may be added or incorporated, the provisions of Articles I through III and this sentence will be controlling. Any additional articles inconsistent with section 408(a) and the related Regulations will be invalid. ARTICLE VII This Agreement will be amended as necessary to comply with the provisions of the Code and the related Regulations. Other amendments may be made with the consent of the persons whose signatures appear on the Application. ARTICLE VIII 8.01 Definitions: In this part of this Agreement (Article VIII), the words “you” and “your” mean the Depositor, the words “we,” “us” and “our” mean the Custodian, “Code” means the Internal Revenue Code, and “Regulations” means the Treasury Regulations. 8.02 Notices and Change of Address: Any required notice regarding this IRA will be considered effective when we send it to the intended recipient at the last address which we have in our records. Any notice to be given to us will be considered effective when we actually receive it. You, or the intended recipient, must notify us of any change of address. 8.03 Representations and Responsibilities: You represent and warrant to us that any information you have given or will give us with respect to this Agreement is complete and accurate. Further, you agree that any directions you give us, or action you take will be proper under this Agreement, and that we are entitled to rely upon any such information or directions. If we fail to receive directions from you regarding any transaction, or if we receive ambiguous directions regarding any transaction, or we, in good faith, believe that any transaction requested is in dispute, we reserve the right to take no action until further clarification acceptable to us is received from you or the appropriate government or judicial authority. We shall not be responsible for losses of any kind that may result from your directions to us or your actions or failures to act, and you agree to reimburse us for any loss we may incur as a result of such directions, actions or failures to act. We shall not be responsible for any penalties, taxes, judgments or expenses you incur in connection with your IRA. We have no duty to determine whether your contributions or distributions comply with the Code, Regulations, rulings or this Agreement. We may permit you to appoint, through written notice acceptable to us, an authorized agent to act on your behalf with respect to this Agreement (e.g., attorney-in-fact, executor, administrator, investment manager), however, we have no duty to determine the validity of such appointment or any instrument appointing such authorized agent. We shall not be responsible for losses of any kind that may result from directions, actions or failures to act by your authorized agent, and you agree to reimburse us for any loss we may incur as a result of such directions, actions or failures to act by your authorized agent. You will have sixty (60) days after you receive any documents, statements or other information from us to notify us in writing of any errors or inaccuracies reflected in these documents, statements or other information. If you do not notify us within 60 days, the documents, statements or other information shall be deemed correct and accurate, and we shall have no further liability or obligation for such documents, statements, other information or the transactions described therein. By performing services under this Agreement we are acting as your agent. You acknowledge and agree that nothing in this Agreement shall be construed as conferring fiduciary status upon us. We shall not be required to perform any additional services unless specifically agreed to under the terms and conditions of this Agreement, or as required under the Code and the Regulations promulgated thereunder with respect to IRAs. You agree to indemnify and hold us harmless for any and all claims, actions, proceedings, damages, judgments, liabilities, costs and expenses, including attorney's fees, arising from, or in connection with this Agreement. To the extent written instructions or notices are required under this Agreement, we may accept or provide such information in any other form permitted by the Code or applicable regulations. 8.04 Service Fees: We have the right to charge an annual service fee or other designated fees (e.g., a transfer, rollover or termination fee) for maintaining your IRA. In addition, we have the right to be reimbursed for all reasonable expenses, including legal expenses, we incur in connection with the administration of your IRA. We may charge you separately for any fees or expenses, or we may deduct the amount of the fees or expenses from the assets in your IRA at our discretion. We reserve the right to charge any additional fee upon 30 days notice to you that the fee will be effective. Any brokerage commissions attributable to the assets in your IRA will be charged to your IRA. You cannot reimburse your IRA for those commissions. 8.05 Investment of Amounts in the IRA: You have exclusive responsibility for and control over the investment of the assets of your IRA. All transactions shall be subject to any and all restrictions or limitations, direct or indirect, which are imposed by our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs and usages of any exchange, market or clearing house where the transaction is executed; our policies and practices; and this Agreement. After your death, your beneficiary(ies) shall have the right to direct the investment of your IRA assets, subject to the same conditions that applied to you during your lifetime under this Agreement (including, without limitation, Section 8.03 of this article). We shall have no discretion to direct any investment in your IRA. We assume no responsibility for rendering investment advice with respect to your IRA, nor will we offer any opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your IRA. In the absence of instructions from you, or if your instructions are not in a form acceptable to us, we shall have the right to hold any uninvested amounts in cash, and we shall have no responsibility to invest uninvested cash unless and until directed by you. We will not exercise the voting rights and other shareholder rights with respect to investments in your IRA unless you provide timely written directions acceptable to us. You will select the type of investment for your IRA assets, provided, however, that your selection of investments shall be limited to those types of investments that we are authorized by our charter, articles of incorporation, or bylaws to offer and do in fact offer for investment in IRAs. 8.06 Beneficiary(ies): If you die before you receive all of the amounts in your IRA, payments from your IRA will be made to your beneficiary(ies). You may designate one or more persons or entities as beneficiary of your IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Unless otherwise specified, each beneficiary designation you file with us will cancel all previous ones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent eneficiary(ies) shall acquire the designated share of your IRA. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your estate will be the beneficiary. A spouse beneficiary shall have all rights as granted under the Code or applicable Regulations to treat your IRA as his or her own. We may allow, if permitted by state law, an original IRA beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited IRA at the time of your death) to name a successor beneficiary(ies) for the inherited IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original IRA beneficiary's(ies') lifetime. Unless otherwise specified, each beneficiary designation form that the original IRA beneficiary(ies) files with us will cancel all previous ones. The consent of a successor beneficiary(ies) shall not be required for the original IRA beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original IRA beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original IRA beneficiary.

Purpose of Form Form 5305-A is a model custodial account agreement that meets the requirements of section 408(a) and has been pre-approved by the IRS. A traditional individual retirement account (Traditional IRA) is established after the form is fully executed by both the individual (Depositor) and the Custodian and must be completed no later than the due date (excluding extensions) of the individual's income tax return for the tax year. This account must be created in the United States for the exclusive benefit of the Depositor and his or her beneficiaries. Do not file Form 5305-A with the IRS. Instead, keep it with your records. For more information on IRAs, including the required disclosures the Custodian must give the Depositor, see Pub. 590, Individual Retirement Arrangements (IRAs). Definitions Custodian. The custodian must be a bank or savings and loan association, as defined in section 408(n), or any person who has the approval of the IRS to act as custodian. Depositor. The depositor is the person who establishes the custodial account. Identifying Number The Depositor's social security number will serve as the identification number of his or her IRA. An employer identification number (EIN) is required only for an IRA for which a return is filed to report unrelated business taxable income. An EIN is required for a common fund created for IRAs. Traditional IRA for Nonworking Spouse Form 5305-A may be used to establish the IRA custodial account for a nonworking spouse. Contributions to an IRA custodial account for a nonworking spouse must be made to a separate IRA custodial account established by the nonworking spouse.

Article IV. Distributions made under this article may be made in a single sum, periodic payment, or a combination of both. The distribution option should be reviewed in the year the Depositor reaches age 701⁄2 to ensure that the requirements of section 408(a)(6) have been met. Article VIII. Article VIII and any that follow it may incorporate additional provisions that are agreed to by the Depositor and Custodian to complete the agreement. They may include, for example, definitions, investment powers, voting rights, exculpatory provisions, amendment and termination, removal of the Custodian, Custodian's fees, state law requirements, beginning date of distributions, accepting only cash, treatment of excess contributions, prohibited transactions with the Depositor, etc. Attach additional pages if necessary.

General Instructions

Specific Instructions

8.07 Required Minimum Distributions: Your required minimum distribution is calculated using the uniform lifetime table in Regulations section 1.401(a)(9)- 9. However, if your spouse is your sole designated beneficiary and is more than 10 years younger than you, your required minimum distribution is calculated each year using the joint and last survivor table in Regulations section 1.401(a)(9)-9. If you fail to request your required minimum distribution by your required beginning date, we can, at our complete and sole discretion, do any one of the following: · make no distribution until you give us a proper withdrawal request; · distribute your entire IRA to you in a single sum payment; or · determine your required minimum distribution from your IRA each year based on your life expectancy, calculated using the uniform lifetime table in Regulations section 1.401(a)(9)-9, and pay those distributions to you until you direct otherwise. We will not be liable for any penalties or taxes related to your failure to take a required minimum distribution. 8.08 Termination of Agreement, Resignation, or Removal of Custodian: Either party may terminate this Agreement at any time by giving written notice to the other. We can resign as Custodian at any time effective 30 days after we mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your IRA to another financial organization. If you do not complete a transfer of your IRA within 30 days from the date we mail the notice to you, we have the right to transfer your IRA assets to a successor IRA custodian or trustee that we choose in our sole discretion, or we may pay your IRA to you in a single sum. We shall not be liable for any actions or failures to act on the part of any successor custodian or trustee, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this Agreement is terminated, we may charge to your IRA a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to, one or more of the following: · any fees, expenses or taxes chargeable against your IRA; · any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your IRA. If we are required to comply with Regulations section 1.408-2(e), and we fail to do so, or we are not keeping the records, making the returns or sending the statements as are required by forms or Regulations, the IRS may, after notifying you, require you to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your IRA to you in cash or property if the balance of your IRA drops below the minimum balance required under the applicable investment or policy established. 8.09 Successor Custodian: If our organization changes its name, reorganizes, merges with another organization (or comes under the control of any federal or state agency), or if our entire organization (or any portion which includes your IRA) is bought by another organization, that organization (or agency) shall automatically become the trustee or custodian of your IRA, but only if it is the type of organization authorized to serve as an IRA trustee or custodian. 8.10 Amendments: We have the right to amend this Agreement at any time. Any amendment we make to comply with the Code and related Regulations does not require your consent. You will be deemed to have consented to any other amendment unless, within 30 days from the date we mail the amendment, you notify us in writing that you do not consent. 8.11 Withdrawals or Transfers: All requests for withdrawal or transfer shall be in writing on a form provided by or acceptable to us. The method of distribution must be specified in writing. The tax identification number of the recipient must be provided to us before we are obligated to make a distribution. Withdrawals shall be subject to all applicable tax and other laws and regulations, including possible early withdrawal penalties or surrender charges and withholding requirements. 8.12 Transfers from Other Plans: We can receive amounts transferred to this IRA from the custodian or trustee of another IRA. In addition, we can accept direct rollovers of eligible rollover distributions from employer-sponsored retirement plans as permitted by the Code. We reserve the right not to accept any transfer or direct rollover. 8.13 Liquidation of Assets: We have the right to liquidate assets in your IRA if necessary to make distributions or to pay fees, expenses, taxes, penalties or surrender charges properly chargeable against your IRA. If you fail to direct us as to which assets to liquidate, we will decide, in our complete and sole discretion, and you agree not to hold us liable for any adverse consequences that result from our decision. 8.14 Restrictions on the Fund: Neither you nor any beneficiary may sell, transfer or pledge any interest in your IRA in any manner whatsoever, except as provided by law or this Agreement. The assets in your IRA shall not be responsible for the debts, contracts or torts of any person entitled to distributions under this Agreement. 8.15 What Law Applies: This Agreement is subject to all applicable federal and state laws and regulations. If it is necessary to apply any state law to interpret and administer this Agreement, the law of our domicile shall govern. If any part of this Agreement is held to be illegal or invalid, the remaining parts shall not be affected. Neither your nor our failure to enforce at any time or for any period of time any of the provisions of this Agreement shall be construed as a waiver of such provisions, or your right or our right thereafter to enforce each and every such provision.

RIGHT TO REVOKE YOUR IRA You have the right to revoke your IRA within seven (7) days of the receipt of the Disclosure Statement. If revoked, you are entitled to a full return of the contribution you made to your IRA. The amount returned to you would not include an adjustment for such items as sales commissions, administrative expenses, or fluctuation in market value. You may make this revocation only by mailing or delivering a written notice to the Custodian at the address listed on the Application. If you send your notice by first class mail, your revocation will be deemed mailed as of the postmark date. If you have any questions about the procedure for revoking your IRA, please call the Custodian at the telephone number listed on the Application. REQUIREMENTS OF AN IRA A. CASH CONTRIBUTIONS . Your contribution must be in cash, unless it is a rollover contribution. B. MAXIMUM CONTRIBUTION . The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $3,000 for years 2002-2004, $4,000 for years 2005-2007, and $5,000 for 2008, with possible cost-of-living adjustments in years 2009 and thereafter. If you also maintain a Roth IRA, the maximum contribution to your Traditional IRAs (i.e.,IRAs subject to Internal Revenue Code (Code) sections 408(a) or 408(b)) is reduced by any contributions you make to your Roth IRA. Your total annual contribution to all Traditional IRAs and Roth IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation. C. CONTRIBUTION ELIGIBILITY . You are eligible to make a regular contribution to your IRA if you have compensation and have not attained age 701.2 by the end of the taxable year for which the contribution is made. D. CATCH-UP CONTRIBUTIONS . If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your IRA. The maximum additional contribution is $500 for years 2002-2005 and $1,000 for years 2006 and beyond. E. CATCH-UP CONTRIBUTIONS ALLOWED IN CERTAIN EMPLOYER BANKRUPTCIES . You may be eligible to contribute an additional catch-up contribution of up to $3,000 each year in 2006 through 2009. To be eligible, the following conditions must be met: 1) you were a participant in a 401(k) plan in which the employer matched at least 50% of your contributions to the plan with employer stock, 2) the employer must have been a debtor in a bankruptcy case in an earlier year and must have been indicted or convicted as a result of the events leading up to the bankruptcy, and 3) you must have been a participant in the 401(k) plan at least six months before the bankruptcy case was filed. If you choose to make these special catch-up contributions, you will not be eligible for the normal catch-up contribution for individuals age 50 and older. F. NONFORFEITABILITY . Your interest in your IRA is nonforfeitable. G. ELIGIBLE CUSTODIANS . The Custodian of your IRA must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury. H. COMMINGLING ASSETS . The assets of your IRA cannot be commingled with other property except in a common trust fund or common investment fund. I. LIFE INSURANCE . No portion of your IRA may be invested in life insurance contracts. J. COLLECTIBLES . You may not invest the assets of your IRA in collectibles (within the meaning of Code section 408(m)). A collectible is defined as any work of art, rug or antique, metal or gem, stamp or coin, alcoholic beverage, or other tangible personal property specified by the Internal Revenue Service (IRS). However, specially minted United States gold and silver coins, and certain stateissued coins are permissible investments. Platinum coins and certain gold, silver, platinum or palladium bullion (as described in Code section 408(m)(3)) are also permitted as IRA investments. K. REQUIRED MINIMUM DISTRIBUTIONS . You are required to take minimum distributions from your IRA at certain times in accordance with Regulations section 1.408-8. Below is a summary of the IRA distribution rules. 1. You are required to take a minimum distribution from your IRA for the year in which you reach age 701.2 and for each year thereafter. You must take your first distribution by your required beginning date, which is April 1 of the year following the year you attain age 701.2. The minimum distribution for any taxable year is equal to the amount obtained by dividing the account balance at the end of the prior year by the applicable divisor. 2. The applicable divisor is generally determined using the uniform lifetime table provided by the IRS. The table assumes a designated beneficiary exactly 10 years younger than you, regardless of who is named as your beneficiary(ies), if any. If your spouse is your sole designated beneficiary, and is more than 10 years younger than you, the required minimum distribution is determined annually using the actual joint life expectancy of you and your spouse obtained from the joint and last survivor table provided by the IRS, rather than the life expectancy divisor from the uniform lifetime table. We reserve the right to do any one of the following by April 1 of the year following the year in which you turn age 701.2 : (a) make no distribution until you give us a proper withdrawal request, (b) distribute your entire IRA to you in a single sum payment, or (c) determine your required minimum distribution each year based on your life expectancy calculated using the uniform lifetime table, and pay those distributions to you until you direct otherwise. 3. Your designated beneficiary is determined based on the beneficiary(ies) designated as of the date of your death, who remains your beneficiary(ies) as of September 30 of the year following the year of your death. If you die, (a) on or after your required beginning date, distributions must be made to your beneficiary(ies) over the longer of the single life expectancy of your designated beneficiary(ies), or your remaining life expectancy. If a beneficiary other than an individual or qualified trust as defined in the Regulations is named, you will be treated as having no designated beneficiary of your IRA for purposes of determining the distribution period. If there is no designated beneficiary of your IRA, distributions will commence using your single life expectancy, reduced by one in each subsequent year. (b) before your required beginning date, the entire amount remaining in your account will, at the election of your designated beneficiary(ies), either (i) be distributed by December 31 of the year containing the fifth anniversary of your death, or (ii) be distributed over the remaining life expectancy of your designated beneficiary(ies). If your spouse is your sole designated beneficiary, he or she must elect either option (i) or (ii) by the earlier of December 31 of the year containing the fifth anniversary of your death, or December 31 of the year you would have attained age 701.2. Your designated beneficiary(ies), other than a spouse who is the sole designated beneficiary, must elect either option (i) or (ii) by December 31 of the year following the year of your death. If no election is made, distribution will be calculated in accordance with option (ii). In the case of distributions under option (ii), distributions must commence by December 31 of the year following the year of your death. Generally if your spouse is the designated beneficiary, distributions need not commence until December 31 of the year you would have attained age 701.2, if later. If a beneficiary(ies) other than an individual or qualified trust as defined in the Regulations is named, you will be treated as having no designated beneficiary(ies) of your IRA for purposes of determining the distribution period. If there is no designated beneficiary of your IRA, the entire IRA must be distributed by December 31 of the year containing the fifth anniversary of your death. A spouse who is the sole designated beneficiary of your entire IRA will be deemed to elect to treat your IRA as his or her own by either (1) making contributions to your IRA or (2) failing to timely remove a required minimum distribution from your IRA. Regardless of whether or not the spouse is the sole designated beneficiary of your IRA, a spouse beneficiary may roll over his or her share of the assets to his or her own IRA.

Disclosure Statement

L. WAIVER OF 2009 RMD . If you are an IRA holder age 701.2 or older, you are not required to remove an RMD for calendar year 2009. In addition, no beneficiary life expectancy payments are required for calendar year 2009. If the five year rule applies to an IRA with respect to any decedent, the five year period is determined without regard to calendar year 2009. For example, if an IRA owner died in 2007, the beneficiary's five year period ends in 2013 instead of 2012. INCOME TAX CONSEQUENCES OF ESTABLISHING AN IRA A. IRA DEDUCTIBILITY . If you are eligible to contribute to your IRA, the amount of the contribution for which you may take a tax deduction will depend upon whether you (or, in some cases, your spouse) are an active participant in an employer-maintained retirement plan. If you (and your spouse, if married) are not an active participant, your entire IRA contribution will be deductible. If you are an active participant (or are married to an active participant), the deductibility of your contribution will depend on your modified adjusted gross income (MAGI) and your tax filing status for the tax year for which the contribution was made. MAGI is determined on your income tax return using your adjusted gross income but disregarding any deductible IRA contribution. Definition of Active Participant . Generally, you will be an active participant if you are covered by one or more of the following employer-maintained retirement plans: 1. a qualified pension, profit sharing, 401(k), or stock bonus plan; 2. a qualified annuity plan of an employer; 3. a simplified employee pension (SEP) plan; 4. a retirement plan established by the federal government, a state, or a political subdivision (except certain unfunded deferred compensation plans under Code section 457); 5. a tax-sheltered annuity for employees of certain tax-exempt organizations or public schools; 6. a plan meeting the requirements of Code section 501(c)(18); 7. a qualified plan for self-employed individuals (H.R. 10 or Keogh Plan); and 8. a savings incentive match plan for employees of small employers (SIMPLE) IRA plan or a SIMPLE 401(k) plan. If you do not know whether your employer maintains one of these plans, or whether you are an active participant in it, check with your employer or your tax advisor. Also, the IRS Form W-2, Wage and Tax Statement, that you receive at the end of the year from your employer will indicate whether you are an active participant. If you are an active participant, are single, and have MAGI within the applicable phaseout range listed below, the deductible amount of your contribution is determined as follows: (1) begin with the appropriate phase-out range maximum for the applicable year (specified below), and subtract your MAGI; (2) divide this total by the difference between the phase-out maximum and minimum; (3) multiply this number by the maximum allowable contribution for the applicable year, including catch-up contributions if you are age 50 or older. The resulting figure will be the maximum IRA deduction you may take. For example, if you are age 30 with MAGI of $36,000 in 2002, your maximum deductible contribution is $2,400 (the 2002 phase-out range maximum of $44,000 minus your MAGI of $36,000, divided by the difference between the maximum and minimum phaseout range limits of $10,000 and multiplied by the contribution limit of $3,000.) If you are an active participant, are married and you file a joint income tax return, and have MAGI within the applicable phaseout range listed below, the deductible amount of your contribution is determined as follows: (1) begin with the appropriate phase-out maximum for the applicable year (specified below), and subtract your MAGI range; (2) divide this total by the difference between the phase-out range maximum and minimum; (3) multiply this number by the maximum allowable contribution for the applicable year, including catch-up contributions if you are age 50 or older. The resulting figure will be the maximum IRA deduction you may take. For example, if you are age 30 with MAGI of $56,000 in 2002, your maximum deductible contribution is $2,400 (the 2002 phase-out maximum of $64,000 minus your MAGI of $56,000, divided by the difference between the maximum and minimum phase-out limits of $10,000 and multiplied by the contribution limit of $3,000.) If you are an active participant, are married and you file a separate income tax return, your MAGI phase-out range is generally $0 -$10,000. However, if you lived apart for the entire tax year, you are treated as a single filer. Joint Filers Single Taxpayers Tax Year Phase-out Range* Phase-out Range* (minimum)(maximum) (minimum)(maximum) 2002 $54,000 - $64,000 $34,000 - $44,000 2003 $60,000 - $70,000 $40,000 - $50,000 2004 $65,000 - $75,000 $45,000 - $55,000 2005 $70,000 - $80,000 $50,000 - $60,000 2006 $75,000 - $85,000 $50,000 - $60,000 2007** $80,000 - $100,000 $50,000 - $60,000 *MAGI limits are subject to cost-of-living increases for tax years beginning after 2006. **The MAGI limits for 2007 listed above may be subject to additional increases. The MAGI phaseout range for an individual that is not an active participant, but is married to an active participant, is $150,000 -$160,000. This limit is also subject to cost-of-living increases for tax years beginning after 2006. If you are not an active participant in an employer-maintained retirement plan, are married to someone who is an active participant, and you file a joint income tax return with MAGI between the applicable phaseout range for the year, your maximum deductible contribution is determined as follows: (1) begin with the appropriate MAGI phase-out maximum for the year and subtract your MAGI from it; (2) divide this total by the difference between the phase-out range maximum and minimum; (3) multiply this number by the maximum allowable contribution for the applicable year, including catch-up contributions if you are age 50 or older. The resulting figure will be the maximum IRA deduction you may take. You must round the resulting deduction to the next highest $10 if the number is not a multiple of 10. If your resulting deduction is between $0 and $200 you may round up to $200. B. CONTRIBUTION DEADLINE - The deadline for making an IRA contribution is your tax return due date (not including extensions). You may designate a contribution as a contribution for the preceding taxable year in a manner acceptable to us. For example, if you are a calendar year taxpayer, and you make your IRA contribution on or before April 15, your contribution is considered to have been made for the previous tax year if you designate it as such. C. TAX CREDIT FOR CONTRIBUTIONS - You may be eligible to receive a tax credit for your Traditional IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are · age 18 or older as of the close of the taxable year, · not a dependent of another taxpayer, and · not a full-time student.

The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your Traditional IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. Adjusted Gross Income* Joint Return Head of a Household All Other Cases Applicable Percentage $1 - 30,000 $1 - 22,500 $1 - 15,000 50 30,001 - 32,500 22,501 - 24,375 15,001 - 16,250 20 32,501 - 50,000 24,376 - 37,500 16,251 - 25,000 10 Over 50,000 Over 37,500 Over 25,000 0 *Adjusted gross income includes foreign earned income and income from Guam, America Samoa, North Mariana Islands and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2006. D. TAX-DEFERRED EARNINGS - The investment earnings of your IRA are not subject to federal income tax until distributions are made (or, in certain instances, when distributions are deemed to be made). E. NONDEDUCTIBLE CONTRIBUTIONS - You may make nondeductible contributions to your IRA to the extent that deductible contributions are not allowed. The sum of your deductible and nondeductible IRA contributions cannot exceed your contribution limit (the lesser of the allowable contribution limit described previously, or 100 percent of compensation). You may elect to treat deductible IRA contributions as nondeductible contributions. If you make nondeductible contributions for a particular tax year, you must report the amount of the nondeductible contribution along with your income tax return using IRS Form 8606. Failure to file IRS Form 8606 will result in a $50 per failure penalty. If you overstate the amount of designated nondeductible contributions for any taxable year, you are subject to a $100 penalty unless reasonable cause for the overstatement can be shown. F. TAXATION OF DISTRIBUTIONS - The taxation of IRA distributions depends on whether or not you have ever made nondeductible IRA contributions. If you have only made deductible contributions, any IRA distribution will be fully included in income. If you have ever made nondeductible contributions to any IRA, the following formula must be used to determine the amount of any IRA distribution excluded from income. (Aggregate Nondeductible Contributions)

x (Amount Withdrawn) = Amount Excluded from Income Aggregate IRA Balance

NOTE: Aggregate nondeductible contributions include all nondeductible contributions made by you through the end of the year of the distribution (which have not previously been withdrawn and excluded from income). Also note that the aggregate IRA balance includes the total balance of all of your IRAs as of the end of the year of distribution and any distributions occurring during the year. G. ROLLOVERS AND CONVERSIONS - Your IRA may be rolled over to an IRA of yours, may receive rollover contributions, and may be converted to a Roth IRA, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a tax-free movement of cash or other property to your IRA from another IRA, or from your employer's qualified retirement plan, 403(a) annuity plan, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan. Conversion is a term used to describe the movement of Traditional IRA assets to a Roth IRA. A conversion is generally a taxable event. The rollover and conversion rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor. 1. Traditional IRA to Traditional IRA Rollovers - Funds distributed from your IRA may be rolled over to an IRA of yours if the requirements of Code section 408(d)(3) are met. A proper IRA to IRA rollover is completed if all or part of the distribution is rolled over not later than 60 days after the distribution is received. You may not have completed another IRA to IRA rollover from the distributing IRA during the 12 months preceding the date you receive the distribution. Further, you may roll over the same dollars or assets only once every 12 months. 2. SIMPLE IRA to Traditional IRA Rollovers - Funds may be distributed from your SIMPLE IRA and rolled over to your IRA without IRS penalty provided, two years have passed since you first participated in a SIMPLE IRA plan sponsored by your employer. As with Traditional IRA to Traditional IRA rollovers, the requirements of Code section 408(d)(3) must be met. A proper SIMPLE IRA to IRA rollover is completed if all orpart of the distribution is rolled over not later than 60 days after the distribution is received. You may not have completed another SIMPLE IRA to IRA or SIMPLE IRA to SIMPLE IRA rollover from the distributing SIMPLE IRA during the 12 months preceding the date you receive the distribution. Further, you may roll over the same dollars or assets only once every 12 months. 3. Employer-Sponsored Retirement Plan to Traditional IRA Rollovers - You may roll over, directly or indirectly, any eligible rollover distribution from an eligible employer-sponsored retirement plan. An eligible rollover distribution is defined generally as any distribution from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan (other than distributions to nonspouse beneficiaries), unless it is part of a certain series of substantially equal periodic payments, a required minimum distribution, a hardship distribution, or a distribution of Roth 401(k) or Roth 403(b) elective deferrals. If you elect to receive your rollover distribution prior to placing it in an IRA, thereby conducting an indirect rollover, your plan administrator will generally be required to withhold 20 percent of your distribution as a payment of income taxes. When completing the rollover, you may make up the amount withheld, out of pocket, and roll over the full amount distributed from your employersponsored retirement plan. To qualify as a rollover, your eligible rollover distribution must be rolled over to your IRA not later than 60 days after you receive it. Alternatively, you may claim the withheld amount as income, and pay the applicable income tax and, if you are under age 591⁄2, the 10 percent early distribution penalty (unless an exception to the penalty applies). As an alternative to the indirect rollover, your employer generally must give you the option to directly roll over your employer-sponsored retirement plan balance to an IRA. If you elect the direct rollover option, your eligible rollover distribution will be paid directly to the IRA (or other eligible employersponsored retirement plan) that you designate. The 20 percent withholding requirements do not apply to direct rollovers. 4. Beneficiary Rollovers from Employer-Sponsored Retirement Plans - If you are a spouse, nonspouse, or qualified trust beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

5. Traditional IRA to Employer-Sponsored Retirement Plans - You may roll over, directly or indirectly, any eligible rollover distribution from an IRA to an employer's qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan so long as the employer-sponsored retirement plan accepts such rollover contributions. An eligible rollover distribution is defined as any taxable distribution from an IRA that is not a part of a required minimum distribution. 6. Traditional IRA to Roth IRA Conversions - If your modified adjusted gross income is not more than $100,000 and you are not married filing a separate income tax return, you are eligible to convert all or any portion of your existing Traditional IRA(s) into your Roth IRA(s). Beginning in 2010, the $100,000 MAGI limit and the married filing separate tax filing restriction will be eliminated for conversion eligibility. If you are age 701⁄2 or older you must remove your required minimum distribution prior to converting your Traditional IRA. The amount of the conversion from your Traditional IRA to your Roth IRA shall be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount is generally included in income, the 10 percent early distribution penalty shall not apply to conversions from a Traditional IRA to a Roth IRA, regardless of whether you qualify for any exceptions to the 10 percent penalty. 7. Qualified HSA Funding Distribution - If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free HSA funding distribution from your IRA and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of high deductible health plan coverage (i.e., single or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. For further detailed information, you may wish to obtain IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. 8. Rollover of Exxon Valdez Settlement Payments - If you receive a qualified settlement payment from Exxon Valdez litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Valdez settlement income previously contributed to a Traditional or Roth IRA or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including tax extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at www.irs.gov. 9. Written Election - At the time you make a proper rollover to an IRA, you must designate in writing to us, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable. H. TRANSFER DUE TO DIVORCE - If all or any part of your IRA is awarded to your spouse or former spouse in a divorce or legal separation proceeding, the amount so awarded will be treated as the spouse's IRA (and may be transferred pursuant to a court-approved divorce decree or written legal separation agreement to another IRA of your spouse), and will not be considered a taxable distribution to you. A transfer is a tax-free direct movement of cash and/or property from one Traditional IRA to another. I. RECHARACTERIZATIONS - If you make a contribution to a Traditional IRA and later recharacterize either all or a portion of the original contribution to a Roth IRA along with net income attributable, you may elect to treat the original contribution as having been made to the Roth IRA. The same methodology applies when recharacterizing a contribution from a Roth IRA to a Traditional IRA. If you have converted from a Traditional IRA to a Roth IRA you may recharacterize the conversion along with net income attributable back to the Traditional IRA. The deadline for completing a recharacterization is your tax filing deadline (including any extensions), for the year for which the original contribution was made or conversion completed. LIMITATIONS AND RESTRICTIONS A. SEP PLANS - Under a simplified employee pension (SEP) plan that meets the requirements of Code section 408(k), your employer may make contributions to your IRA. Your employer is required to provide you with information which describes the terms of your employer's SEP plan. B. SPOUSAL IRA - If you are married and have compensation, you may contribute to an IRA established for the benefit of your spouse for any year prior to the year your spouse turns age 701⁄2, regardless of whether or not your spouse has compensation. You may make these spousal contributions even if you are age 701⁄2 or older. You must file a joint income tax return for the year for which the contribution is made. The amount you may contribute to your IRA and your spouse's IRA is the lesser of 100 percent of your combined compensation or $6,000 for 2002-2004, $8,000 for 2005-2007, and $10,000 for 2008. This amount may be increased with cost of- living adjustments in 2009 and beyond. However, you may not contribute more than the individual contribution limit to each IRA. If your spouse is age 50 or older by the close of the taxable year, and is otherwise eligible, you may make an additional contribution to your spouse's IRA. The maximum additional contribution is $500 for years 2002-2005, and $1,000 for years 2006 and beyond. C. DEDUCTION OF ROLLOVERS AND TRANSFERS - A deduction is not allowed for rollover contributions or transfers. D. GIFT TAX - Transfers of your IRA assets to a beneficiary made during your life and at your request may be subject to federal gift tax under Code section 2501. E. SPECIAL TAX TREATMENT - Capital gains treatment and 10-year forward income averaging authorized by Code section 402 do not apply to IRA distributions. F. INCOME TAX TREATMENT - Any withdrawal from your IRA is subject to federal income tax withholding. You may, however, elect not to have withholding apply to your IRA withdrawal. If withholding is applied to your withdrawal, not less than 10 percent of the amount withdrawn must be withheld G. PROHIBITED TRANSACTIONS - If you or your beneficiary engage in a prohibited transaction with your IRA, as described in Code section 4975, your IRA will lose its tax-deferred status, and you must include the value of your account in your gross income for the taxable year you engage in the prohibited transaction. The following transactions are examples of prohibited transactions with your IRA: (1) taking a loan from your IRA; (2) buying property for personal use (present or future) with IRA funds; or (3) receiving certain bonuses or premiums because of your IRA. H. PLEDGING - If you pledge any portion of your IRA as collateral for a loan, the amount so pledged will be treated as a distribution, and will be included in your gross income for the taxable year in which you pledge the assets. FEDERAL TAX PENALTIES A. EARLY DISTRIBUTION PENALTY - If you are under age 591⁄2 and receive an IRA distribution, an additional tax of 10 percent will apply, unless made on account of 1) death, 2) disability, 3) a qualifying rollover, 4) the timely withdrawal of an excess contribution, 5) a series of substantially equal periodic payments (at least annual payments) made over your life expectancy or the joint life expectancy of you and your beneficiary, 6) medical expenses which exceed 7.5 percent of your adjusted gross income, 7) health insurance payments if you are separated from employment and have received unemployment compensation under a federal or state program for at least 12 weeks, 8) certain qualified education expenses, 9) first-home purchases (up to a life-time maximum of $10,000), 10) a levy issued by the IRS, or 11) active military duty (see Qualified Reservist Distributions, below). This additional tax will apply only to the portion of a distribution which is includible in your taxable income. B. EXCESS CONTRIBUTION PENALTY - An additional tax of six percent is imposed upon any excess contribution you make to your IRA. This additional tax will apply each year in which an excess remains in your IRA. An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. C. EXCESS ACCUMULATION PENALTY - As previously described, you must take a required minimum distribution by your required beginning date for the year you attain age 701⁄2 and by the end of each year thereafter. Your beneficiary(ies) is required to take certain minimum distributions after your death. An additional tax of 50 percent is imposed on the amount of the required minimum distribution which should have been taken but was not. D. PENALTY REPORTING - You must file IRS Form 5329 along with your income tax return to the IRS to report and remit any additional taxes. OTHER A. IRS PLAN APPROVAL - The Agreement used to establish this IRA has been approved by the IRS. The IRS approval is a determination only as to form. It is not an endorsement of the plan in operation or of the investments offered. B. ADDITIONAL INFORMATION - You may obtain further information on IRAs from your District Office of the IRS. In particular, you may wish to obtain IRS Publication 590, Individual Retirement Arrangements, by calling 1-800-TAXFORM, or by visiting www.irs.gov on the Internet.

C. EXCESS ACCUMULATION PENALTY - As previously described, you must take a required minimum distribution by your required beginning date for the year you attain age 701⁄2 and by the end of each year thereafter. Your beneficiary(ies) is required to take certain minimum distributions after your death. An additional tax of 50 percent is imposed on the amount of the required minimum distribution which should have been taken but was not. D. PENALTY REPORTING - You must file IRS Form 5329 along with your income tax return to the IRS to report and remit any additional taxes. OTHER A. IRS PLAN APPROVAL - The Agreement used to establish this IRA has been approved by the IRS. The IRS approval is a determination only as to form. It is not an endorsement of the plan in operation or of the investments offered. B. ADDITIONAL INFORMATION - You may obtain further information on IRAs from your District Office of the IRS. In particular, you may wish to obtain IRS Publication 590, Individual Retirement Arrangements, by calling 1-800-TAXFORM, or by visiting www.irs.gov on the Internet. C. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING ANEW ACCOUNT - To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial organizations to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, you are required to provide your name, residential address, date of birth, and identification number. We may require other information that will allow us to identify you. D. HURRICANE-RELATED RELIEF - If you are an individual who sustained an economic loss due to, or are otherwise considered affected by, hurricane Katrina, Rita or Wilma, you may be eligible for favorable tax treatment on distributions and rollovers from your IRA. Qualified distributions include IRA distributions made on or after specified dates for each hurricane and before January 1, 2007 to a qualified individual. For a complete definition of what constitutes a qualified individual and a qualified hurricane distribution for purposes of hurricane relief, refer to IRS Publication 4492, Information for Taxpayers Affected by Hurricanes Katrina, Rita and Wilma. 1. 10 Percent Penalty Exception on Qualified Distributions - Qualified hurricane distributions are not subject to the 10 percent early distribution penalty tax. This penalty exception applies only to the first $100,000 of qualified distributions to each individual. 2. Taxation May be Spread Over Three Years - If you receive qualified hurricane distributions, you may elect to include the distribution in your gross income ratably over three years, beginning with the year of the distribution. 3. Repayment of Qualified Hurricane Distributions - You may roll over qualified hurricane distributions to an eligible retirement plan, and avoid federal income taxation, within three years of the date of receipt of the distribution. The 60-day rollover rule does not apply to these distributions. For further detailed information on tax relief granted for hurricanes Katrina, Rita and Wilma, and other exceptions which may be granted in the future by the IRS, you may wish to obtain IRS Publication 590, Individual Retirement Arrangements, by calling 1-800-TAXFORM, or by visiting www.irs.gov on the Internet.

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That if you want a paper version of any Electronic Communication, wish to withdraw your consent to receive Electronic Communications, or you wish to update the information needed to provide Electronic Communications to you, you must contact us by telephone at (800-338-3919) or by writing to BancWest Investment Services, 13220 California Street, Omaha, NE 68154.

In order to receive Electronic Communications and to optimize your use of the Online Service, you will need to use Internet Explorer®, Apple Safari, Google Chrome or Mozilla Firefox ®. To receive an Electronic Communication from us by mobile device, your Device must be web-enabled and/or capable of receiving text messages. For best performance we recommend using the newest release of either browser. In order to keep copies of Electronic Communications, you will need to have access to a printer or have the ability to download information.

Each Investment Services Account that is accessed through the Online Investing Service is subject to these Terms and Conditions, as amended from time to time.

NEW ACCOUNT AGREEMENT

1. PROVISION IN THE EVENT OF FAILURE TO PAY OR DELIVER

Whenever I do not, on or before the settlement date, pay in full for any security purchased in my account, or deliver any security sold for such account, you are authorized (subject to the provisions of any applicable statute, rule, or regulation): a. Until payment or delivery is made in full, to pledge, repledge, hypothecate, or rehypothecate, without notice, any or all securities which you or your clearing

agent may hold for the applicant (either individually or jointly with others), separately or in common with other securities or commodities or any other property, for the sum then due or for a greater or lesser sum and without retaining in your possession and control for delivery a like amount of similar securities.

b. To sell any or all securities which you or your clearing agent may hold for the applicant (either individually or jointly with others), to buy in any or all securities required to make delivery for the account of the applicant, or to cancel any or all outstanding orders or commitments for account of the applicant.

2. CANCELLATION PROVISIONS You are authorized, in your discretion, should the applicant die or should you for any reason whatever deem it necessary for your protection, without notice, to cancel any outstanding orders in order to close out the accounts of the applicant, in whole or in part, or to close out any of the commitment made on behalf of the applicant.

3. GENERAL PROVISIONS Any sale, purchase, or cancellation authorized hereby may be made according to your judgment and at your discretion on the exchange or other market where such business is then usually transacted, at public auction, or at private sale without advertising the same and without any notice, prior to tender, demand, or call, and you may purchase the whole or any part of such securities free from any right of redemption, and the applicant shall remain liable for any deficiency, It is further understood that any notice, prior to tender, demand, or call, from you shall not be considered a waiver of any provisions of this agreement. The applicant shall include any person executing this agreement.

4. SUCCESSORS This agreement and its provisions shall be continuous, and shall inure to the benefit of your present organization, and any successor organization or assigns, and shall be binding upon the applicant and/or the estate, executors, administrators, and assigns of the applicant.

5. AGE The applicant, if an individual, represents that he or she is of full age.

6. INTEREST IN ACCOUNT No one except the applicant has an interest in any of its accounts with you unless such interest is revealed in the title of such account, and in any case, the applicant has the interest indicated in such title.

7. ORDERS AND STATEMENTS The applicant agrees to review reports of the execution of orders (“Confirmation”), statements of the account, and other documents pertinent to applicants’ account in a timely manner. Additionally, applicant agrees to immediately identify and report discrepancies to BancWest Investment Services (“BWIS”). The applicant understands and agrees that losses could be exacerbated by any delay in providing BWIS with notification of errors or omissions in reports or statements and applicant will be responsible for any such losses.

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8. SWEEP OFFERINGS You may offer the opportunity to select certain sweep options for cash within my/our account, which may include money market options, banking deposit options, or other sweep options. You reserve the right to change the available sweep options or the eligibility requirements for any sweep option. If a sweep option I/we have elected is discontinued or if I/we become ineligible for the sweep option selected, I/we direct you to elect another sweep option on my/our behalf from among those for which I am/we are eligible.”

9. EXTRAORDINARY EVENTS You shall not be liable for loss or delay caused directly or indirectly by war, natural disaster, acts of terrorism, denial of service attacks, government restrictions, exchange or market rulings, and/or other conditions beyond your control.

10. FEES AND CHARGES In the normal course of business, there are fees and charges that may be associated with applicant's account, which applicant is responsible to pay. You may change the fee schedule from time to time. To obtain a copy of the Schedule of Fees applicant may request a copy by contacting applicant's BWIS representative or by writing to BWIS, Attn: Operations, 13220 California Street, Plaza West, Omaha NE. 68154 or call 1-800-338-3919.

11. INDEBTEDNESS AND LIQUIDATION I/we agree to pay any fees or charges due to BWIS as they relate to any Account in a timely manner in accordance with the fees and charges set forth in the fee schedule and that such fees may be deducted from available funds in my/our account. If timely remittance of a debit is not made, I/we authorize BWIS to liquidate investments within my/our account in order to make funds available to pay outstanding amounts owed without notice. In addition, I/we agree to grant BWIS a security interest in, lien on, and right of set-off on all property, including any funds or securities, maintained in any BWIS Account that I/we maintain or have an interest in, whether individually or jointly.

12. JOINT ACCOUNTS If this is a joint account, unless we notify you otherwise and provide such documentation as you require, the brokerage account(s) shall be held by us jointly with rights of survivorship (payable to either or the survivor of us). Each joint tenant irrevocably appoints and other as attorney-in-fact to take all action on his or her behalf and to represent him and her in all respects in connection with this Agreement. You shall be fully protected in acting, but shall not be required to act upon the instructions of either of us. Each of us shall be liable, jointly and individually, for any amounts due to you pursuant to this Agreement, whether incurred by either or both of us.

13. ADDRESS Communications may be sent to the applicant at the current address of the applicant which is on file at your office, or at such other address as the applicant may hereafter give you in writing. The applicant agrees to provide you with notice of any changes to applicant's address in a timely fashion. All communications so sent, whether by mail, telegraph, messenger, electronically, or otherwise, shall be deemed given to the applicant personally, whether actually received or not.

14. RECORDING CONVERSATIONS The applicant understands and agrees that for our mutual protection you may electronically record any of our telephone conversations.

15. ARBITRATION DISCLOSURES - THIS AGREEMENT CONTAINS A PREDISPUTE ARBITRATION CLAUSE. BY SIGNING AN ARBITRATION AGREEMENT THE PARTIES AGREE AS FOLLOWS:

ALL PARTIES TO THIS AGREEMENT ARE GIVING UP THE RIGHT TO SUE EACH OTHER IN COURT, INCLUDING THE RIGHT TO A TRIAL BY JURY, EXCEPT AS PROVIDED BY THE RULES OF THE ARBITRATION FORUM IN WHICH A CLAIM IS FILED.

ARBITRATION AWARDS ARE GENERALLY FINAL AND BINDING; A PARTY’S ABILITY TO HAVE A COURT REVERSE OR MODIFY AN ARBITRATION AWARD IS VERY LIMITED.

THE ABILITY OF THE PARTIES TO OBTAIN DOCUMENTS, WITNESS STATEMENTS AND OTHER DISCOVERY IS GENERALLY MORE LIMITED IN ARBITRATION THAN IN COURT PROCEEDINGS.

THE ARBITRATORS DO NOT HAVE TO EXPLAIN THE REASON(S) FOR THEIR AWARD UNLESS, IN AN ELIGIBLE CASE, A JOINT REQUEST FOR AN EXPLAINED DECISION HAS BEEN SUBMITTED BY ALL PARTIES TO THE PANEL AT LEAST 20 DAYS PRIOR TO THE FIRST SCHEDULED HEARING DATE.

THE PANEL OR ARBITRATORS WILL TYPICALLY INCLUDE A MINORITY OF ARBITRATORS WHO WERE OR ARE AFFILIATED WITH THE SECURITIES INDUSTRY.

THE RULES OF SOME ARBITRATION FORUMS MAY IMPOSE TIME LIMITS FOR BRINGING A CLAIM IN ARBITRATION. IN SOME CASES, A CLAIM THAT IS INELIGIBLE FOR ARBITRATION MAY BE BROUGHT IN COURT.

THE RULES OF THE ARBITRATION FORUM IN WHICH THE CLAIM IS FILED, AND ANY AMENDMENTS THERETO, SHALL BE INCORPORATED INTO THIS AGREEMENT.

16. ARBITRATION AGREEMENT ANY CONTROVERSY BETWEEN YOU AND US SHALL BE SUBMITTED TO ARBITRATION BEFORE THE FINANCIAL INDUSTRY REGULATORY AUTHORITY, INC. NO PERSON SHALL BRING A PUTATIVE OR CERTIFIED CLASS ACTION TO ARBITRATION, NOR SEEK TO ENFORCE ANY PREDISPUTE ARBITRATION AGREEMENT AGAINST ANY PERSON WHO HAS INITIATED IN COURT A PUTATIVE CLASS ACTION; OR WHO IS A MEMBER OF A PUTATIVE CLASS WHO HAS NOT OPTED OUT OF THE CLASS WITH RESPECT TO ANY CLAIMS ENCOMPASSED BY THE PUTATIVE CLASS ACTION UNTIL; (I) THE CLASS CERTIFICATION IS DENIED; (II) THE CLASS IS DECERTIFIED; OR (III) THE CUSTOMER IS EXCLUDED FROM THE CLASS BY THE COURT. SUCH FORBEARANCE TO ENFORCE AN AGREEMENT TO ARBITRATION SHALL NOT CONSTITUTE A WAIVER OF ANY RIGHTS UNDER THIS AGREEMENT EXCEPT TO THE EXTENT STATE HEREIN. THE LAWS OF THE STATE OF NEW YORK GOVERN.

I ACKNOWLEDGE THE FOLLOWING WHERE APPLICABLE:

1. BancWest Investment Services, Inc. (“BWIS”) is a wholly owned subsidiary of Bank of the West and an affiliate of First Hawaiian Bank. 2. BWIS is a Securities Broker/Dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory

Authority, Inc. (“FINRA”) and Securities Investor Protection Corporation (“SIPC”). 3. All single company stock purchases are made on an unsolicited basis. 4. In general, as interest rates rise the price of bonds and other debt securities may fall affecting the market value of the bond or debt security. Selling bonds that were

purchased at par or at a discount prior to call or maturity date may not return full principal invested. 5. Commissions on stock and bond transactions may vary depending on price and on number of shares of stocks or number of bonds that are traded. 6. Fixed annuities/insurance products are offered through BancWest Insurance Agency in CA, (License # 0C52321), through BancWest Insurance Agency in Utah and

through BWIS, Inc. in AZ, CO, IA, ID, KS, MN, MO, NC, ND, NE, NM, NV, OK, OR, SD, WA, WI, WY, HI, Guam and CNMI. 7. I understand that investing in a Fixed/Variable Annuity through a tax advantaged retirement plan (such as 401(k) plan or IRA) I will get no additional tax advantage. 8. I understand that BWIS representatives are prohibited from giving me legal or tax advice. Prior to making an investment decision to invest in a Roth IRA or convert a

Traditional IRA to a Roth IRA, I will consult with a tax advisor to determine my eligibility and determine which IRA is best suited to meet my needs. 9. I am responsible for carefully reviewing the account holder information, including the financial information sections. If any of the information is either missing, out-

of-date, or incorrect, I will indicate any corrections on my copy of the New Account Form or by letter and return to: BWIS, Attn: Compliance, 13220 California Street, Omaha NE 68154.

10. If I have a complaint, I can write to: BWIS, Attn: Compliance, 13220 California Street, Omaha NE 68154 or call 1-800-338-3919.

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11. Information on the Securities Investor Protection Corporation (SIPC) may be obtained at www.sipc.org or by calling (202) 371-8300. 12. Securities, insurance products, and annuities are not deposits with or obligations of, are not guaranteed or endorsed by Bank of the West, First Hawaiian Bank or any

of their subsidiaries. Securities, insurance products and annuities are not insured by FDIC, the Federal Reserve Board, or any other federal government agency. Securities are subject to investment risk, including possible loss of principal amount invested. Fixed annuities are subject to the loss of principal if the underwriting insurance company is unable to meet its obligation. In the case of an insurance product or annuity that involves an investment risk, there is an investment risk associated with the product, including the possible loss of principal.

I have received a copy of the BWIS Privacy Policy, BWIS Summary of its Business Continuity Plan, Pershing's Privacy Policy, the applicable Money Market Disclosure and BWIS disclosure of Potential Conflicts of Interest Regarding Cost-Sharing Arrangements with Annuity /Mutual Fund Providers, all of which are attached to this New Account Agreement. I have also received a copy of the Cash Sweep Disclosures and Terms and Conditions and the BancWest Investment Services Terms and Conditions for the Online Investing Service, both of which are attached to this New Account Agreement. I agree to be bound by all terms and conditions of this New Account Agreement, as well as the Cash Sweep Terms and Conditions and the BancWest Investment Services Terms and Conditions for the Online Investing Service, as applicable. I certify that all the above information is true and correct.

BANCWEST INVESTMENT SERVICES TERMS AND CONDITIONS FOR ONLINE INVESTING SERVICE

These BancWest Investment Services Terms and Conditions for the Online Investing Service (the "Terms and Conditions") and the Online Service Agreement govern your access to and use of any BancWest Online Investing Service (“Online Investing Service”). Terms used but not defined herein have the meanings provided in the Online Service Agreement. "We," "us" or "our" may refer to BWIS or Pershing LLC, our clearing broker. "You" or "your" refers to the individual or entity applying for, or maintaining, a BWIS Investment Services Account.

By enrolling in the Online Investing Service, you consent to receive Electronic Communications. “Electronic Communications” means (i) this Electronic Consent; (ii) the Online and Mobile Service Agreement; (iii) the BancWest Investment Services Terms and Conditions; and (iv) any disclosures, agreements or other communications which we provide to you electronically concerning the Online Investing Service and/or each Account enrolled in the Online Investing Service, including, without limitation, Electronic Fund Transfer disclosures, and any other disclosures required by law or regulation.

You further agree:

That access to and use of the Online Investing Service is available only if you accept this information electronically. You do not have the option to agree to this Electronic Consent or to the Online Investing Service by paper (non-electronic agreement) even though we agree to make a paper copy available to you.

That you may withdraw consent to receive Electronic Communications at any time; however doing so will terminate your ability to access or use the Online Investing Service.

That you may request a paper version of agreed upon Electronic Communications. You will not be charged a fee for the paper version.

To maintain a current and valid e-mail address for your Online Investing Service. To do so, log in to Online Banking and click on the "Services" tab on the top navigation bar. Click on "Change email address" under Account Preferences.

That if you want a paper version of any Electronic Communication, wish to withdraw your consent to receive Electronic Communications, or you wish to update the information needed to provide Electronic Communications to you, you must contact us by telephone at (800-338-3919) or by writing to BancWest Investment Services, 13220 California Street, Omaha, NE 68154.

In order to receive Electronic Communications and to optimize your use of the Online Service, you will need to use Internet Explorer®, Apple Safari, Google Chrome or Mozilla Firefox ®. To receive an Electronic Communication from us by mobile device, your Device must be web-enabled and/or capable of receiving text messages. For best performance we recommend using the newest release of either browser. In order to keep copies of Electronic Communications, you will need to have access to a printer or have the ability to download information.

Each Investment Services Account that is accessed through the Online Investing Service is subject to these Terms and Conditions, as amended from time to time.

Investment, annuities and insurance products offered through BancWest Investment Services are:

NOT FDIC INSURED

NOT BANK GUARANTEED

MAY LOSE VALUE

NOT A DEPOSIT

NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

If you do not access the Online Investing Service during any 90-day period, we reserve the right to terminate your ability to access the Online Investing Service without notice.

Before enrolling in the Online Investing Service, please also review the Online Service Agreement and the conditions set forth in such agreement, as they will also be applicable to you and your Account. We also encourage you to print and retain a copy of the Online Service Agreement and these Terms and Conditions.

I. Introduction

These Terms and Conditions are supplemental to the BWIS New Account Agreement and other related agreements (each, an "Account Agreement") that you previously entered into, or may in the future enter into, with Bank of the West or BWIS, each of which otherwise remains in full force and effect. You must assent to these Terms and Conditions electronically when you activate your Password for the Online Investing Service.

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BWIS reserves the right to add, delete or modify the Online Investing Service's functionality and to amend or supplement these Terms and Conditions upon notice, delivered by regular mail, by e-mail or by an on-screen notice. BWIS also reserves the right to terminate your access to the Online Investing Service at any time. You may use the Online Investing Service to do the following: • Open a self-directed Investment Services Account ("Self-Directed Account") to enter your own orders to buy and sell U.S. market traded equities, mutual funds, bonds and certificates of deposit, which are made available by BWIS as described in section X below.

• View current balance information for your Self-Directed Account; • View current balance information for your full service Investment Services Account ("Full Service Account");

• Transfer funds between and among your Self-Directed Account and your Bank of the West Accounts on a one-time or recurring basis; • Transfer funds externally to and from your Self-Directed Account via ACH; and/or • Engage in such other Online Investing Services as BWIS may offer from time to time.

II. Account Data Access The Online Investing Service permits you to view Account data for your Investment Services Accounts. By using the Online Investing Service, you represent on a continuing basis that you are authorized to have access to any Account for which you and other Account parties have requested access. Account data is provided online as a convenience and for your information, but it is not the official record of your Account activity with BWIS. Account data provided through the Online Investing Service, except as noted otherwise, is updated as of the prior business day's close of business, but is subject to adjustment and correction. Your trade confirmations, Account statements, and tax documents remain the official records of your Account activity.

III. No Legal or Tax Advice You acknowledge that BWIS is prohibited from giving you legal advice or tax advice. However, we may provide you with general tax and estate planning

information and principles, which you agree you will verify with your tax or legal adviser. You agree that these principles may not apply to your specific circumstances or take into account your comprehensive tax or estate planning situation. For that type of assistance, you agree to consult your own tax or legal advisor.

IV. Electronic Communications Investment transactions, funds transfers and all other financial transactions will only be effected by BWIS if you request, order or authorize them through the

appropriate web-based functionality provided by the Online Investing Service. You agree that you will not use email, voicemail or BWIS Secure Messaging (defined below in this section) to request, authorize, or affect the purchase or sale of any securities or other investments, to send funds transfers instructions or for any other financial transactions. All such requests, orders, or instructions that you send in contravention of the foregoing agreement will not be accepted and will not be processed by us. BWIS will not be responsible for any loss or damage that could result from your requests, orders, or instructions not being accepted or processed in accordance with the preceding sentences.

You agree to be bound by any affirmance, assents or agreement you transmit through the Online Investing Services by computer or mobile device, including

but not limited to any consent you give to receive communications from us solely through electronic transmission. You agree that when you click on an "I agree," "I consent" or other similarly worded "button" or entry field, your agreement or consent will be legally binding and enforceable and the legal equivalent of your handwritten signature The use of an electronic version of our documents fully satisfies any requirements that they be provided to you in writing. If you sign electronically, you represent that you have the ability to access and retain a record of the documents. You agree that you will carefully review any document or web page before making an electronic signature and will review the BWIS webpage periodically for changes or modifications.

Online Investing Service includes a secure, electronic messaging functionality that permits you and BWIS to communicate with each other ("BWIS Secure

Messaging"). This is provided solely as a convenience and to enhance secure communications between us. Usage of the website further represents acceptance of the terms and conditions in place at the time of usage. For specific terms and conditions, please refer to

the Online Service Agreement. V. Financial Market Information; No Warranty; Limitations of Liability Financial Information. BWIS, including through the Online Investing Service, may make available certain financial market data, quotes, news, research and

opinions (including Research Reports and Tools, each as defined below) or other financial information (collectively, "Financial Information") that has been independently obtained by certain financial market information services; financial publishers; various securities markets, including stock exchanges and their affiliates; investment bankers and other providers (collectively, the "Financial Information Providers") or has been obtained by BWIS. BWIS does not guarantee or certify the accuracy, completeness, timeliness or correct sequencing of the Financial Information made available through BWIS, the Financial Information Providers or any other third party transmitting the Financial Information (the "Financial Information Transmitters"). You agree that none of BWIS, the Financial Information Providers and the Financial Information Transmitters shall be liable in any way for the accuracy, completeness, timeliness or correct sequencing of the Financial Information, or for any decision made or action taken by you relying upon the Financial Information. You further agree that none of BWIS, the Financial Information Providers and the Financial Information Transmitters will be liable in any way for the interruption of any data, Financial Information or other aspect of the Online Investing Service. You agree that none of the Financial Information (including Research Reports) available through the Online Investing Service constitutes investment advice or a recommendation or solicitation that you should purchase or sell any particular security or a representation that any securities are suitable for you.

Research Reports. BWIS, including through the Online Investing Service, may make available analyst research and opinions ("Research Reports") that may

be prepared by BWIS or one of its affiliates, or by various third-party investment bankers or other entities providing analysis, research and opinions ("Third-Party Research Providers"). BWIS does not endorse or approve Research Reports prepared by Third-Party Research Providers and only makes such Research Reports available to you as a service and convenience. BWIS and the Third-Party Research Providers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the Research Reports, or (2) warrant any results from your use of the Research Reports. The Research Reports have been prepared as of the date indicated and may become unreliable for various reasons including, for example, changes in market or economic circumstances. BWIS and each Third Party Research Provider are not obligated to update any information or opinions contained in any Research Report or to continue to

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offer Financial Information or Research Reports regarding any company or security. You agree that recommendations in the Research Reports to buy, sell, hold or otherwise consider particular securities are not, and should not be construed as, recommendations or advice to you designed to meet your particular objectives or financial situation. From time to time, BWIS and/or a Research Third Party Research may be unable to provide Research Reports with respect to certain companies with which BWIS and/or a Third Party Research Provider, or their respective affiliates, have certain business relationships.

Financial Tools, Education and Calculators. The Online Investing Service may also provide you with financial planning tools, educational content,

calculators, performance screeners and hypothetical portfolio modeling ("Tools"). The Tools may allow you to model "what-if" scenarios for various financial goals or manage a hypothetical portfolio, the results of which are illustrative and are based on the information and assumptions identified. You may be able to view historical returns for particular securities or funds. There is no guarantee that the results shown will be achieved and changes in tax laws, financial markets or your financial situation may cause actual results to deviate substantially from those reflected in these Tools. In addition, these Tools are not part of any financial planning report for which you may have paid a fee, even if the Tools include information derived from or contained in the financial planning report. When you use a hypothetical portfolio modeling Tool, the stocks, bonds or other instruments managed by you are not owned or controlled by you and transactions directed by you do not represent real trades or transactions. These Tools do not provide investment advice or recommendations.

Disclosure of Potential Relationships. BWIS and/or its employees or directors, as well as consultants to BWIS, may have or may have clients with positions

in securities or companies referenced in Financial Information, including Research Reports, and may, as principal or agent, buy from or sell to customers. From time to time, BWIS may perform investment services for, or solicit such services from, companies mentioned in Financial Information.

Use of Financial Information. If you are a securities broker, dealer, investment banker, or other financial professional, by requesting or receiving any

Financial Information, you agree not to use any such Financial Information for any purpose related to your business. You agree not to contact any individual or analyst who is an author of, or who is named on, any Research Report, or any representative of any Financial Information Provider or Third Party Research Provider.

You agree to use the quotes only for your individual use in your business. You will not furnish the quotes to any person or entity other than an officer, partner

or employee of your business. If you are a securities professional, such as an investment advisor, you may occasionally furnish a limited number of quotes to your customers and clients, but solely in the regular course of your securities business. If you furnish quotes to your customers and clients who are not on your premises, you may do so solely: (i) in written advertisements, educational material, sales literature or similar written communications; or (ii) during telephonic voice communication not entailing the use of computerized voice synthesization or similar technology. You shall not permit any customer or client to take physical possession of "your equipment" (i.e., the equipment that you use to receive, display or otherwise use quotes). You shall abide by any additional limitations on use of quotes that BWIS may specify in the future.

The Financial Information provided is the property of BWIS, the Financial Information Providers or Third-Party Research Providers or their licensers and is

protected by applicable copyright law. You agree not to reproduce, retransmit, disseminate, sell, distribute, publish, broadcast, circulate or commercially exploit the Financial Information in any manner without the express written consent of BWIS, the Financial Information Providers or Third-Party Research Providers or any other person with the authority to give such consent. You will be responsible for any claims for lost profits, trading losses and damages that result from reproducing, retransmitting, disseminating, selling, distributing, publishing, broadcasting, circulating or commercially exploiting the Financial Information in any manner without this required consent. You agree that you will not use the Financial Information for any unlawful purpose. You further agree to comply with all reasonable written requests from BWIS intended to protect the Financial Information Providers' and Third-Party Research Providers' and BWIS's respective rights in the Financial Information and Electronic Services.

You agree to comply with any additional terms and conditions relating to the Financial Information that may imposed after the date hereof, which BWIS will

notify you of through its website, BWIS Secure Messaging or otherwise. Disclaimer of Warranties. THERE IS NO WARRANTY OF MERCHANTABILITY, NO WARRANTY OF FITNESS FOR A PARTICULAR USE AND

NO WARRANTY OF NON-INFRINGEMENT REGARDING THE INFORMATION, INCLUDING RESEARCH REPORTS, TOOLS OR ANY ASPECT OF THE ONLINE INVESTING SERVICE. THERE IS NO OTHER WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, REGARDING THE INFORMATION, INCLUDING RESEARCH REPORTS, TOOLS OR ANY ASPECT OF THE ONLINE INVESTING SERVICE (INCLUDING, BUT NOT LIMITED TO, INFORMATION ACCESS AND ORDER PLACEMENT OR EXECUTION).

Limitations of Liability. BWIS, THE INFORMATION PROVIDERS, INFORMATION TRANSMITTERS, THIRD-PARTY RESEARCH PROVIDERS

AND ANY OTHER PERSON INVOLVED IN TRANSMITTING INFORMATION WILL NOT BE LIABLE UNDER ANY CIRCUMSTANCES FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES EVEN IF YOU ADVISE THEM OF THE POSSIBILITY OF SUCH DAMAGES. THIS INCLUDES, BUT IS NOT LIMITED TO, CLAIMS FOR LOST PROFITS, TRADING LOSSES AND DAMAGES THAT MAY RESULT FROM THE USE, INCONVENIENCE, DELAY OR LOSS OF USE OF THE INFORMATION OR FOR OMISSIONS OR INACCURACIES IN THE INFORMATION. AS A CONDITION TO ACCESSING OR RECEIVING THE INFORMATION, YOU EXPRESSLY AGREE TO WAIVE ANY CLAIM YOU MAY HAVE AGAINST BWIS, ANY INFORMATION PROVIDER, RESEARCH PROVIDER OR ANY OTHER PERSONS INVOLVED IN TRANSMITTING ANY INFORMATION BWIS MAKES AVAILABLE TO YOU.

BY ACCESSING OR RECEIVING INFORMATION, YOU AGREE THAT THE LIABILITY OF BWIS, THE INFORMATION PROVIDERS, THE

THIRD-PARTY RESEARCH PROVIDERS OR ANY OTHER PERSONS INVOLVED IN TRANSMITTING INFORMATION ARISING OUT OF ANY LEGAL CLAIM (WHETHER IN CONTRACT, TORT OR OTHERWISE) IN ANY WAY CONNECTED WITH THE ONLINE INVESTING SERVICE OR INFORMATION WILL NOT EXCEED THE AMOUNT YOU ORIGINALLY PAID FOR THE ELECTRONIC SERVICES RELATED TO YOUR CLAIM.

SOME JURISDICTIONS DO NOT ALLOW LIMITATIONS ON HOW LONG IMPLIED WARRANTIES LAST, THE EXCLUSION OR LIMITATION

OF INCIDENTAL OR CONSEQUENTIAL DAMAGES OR THE EXCLUSION OF CERTAIN IMPLIED WARRANTIES, SO THAT THESE DISCLAIMERS AND LIMITATIONS MAY NOT APPLY TO YOU. THIS AGREEMENT GIVES YOU SPECIFIC LEGAL RIGHTS. YOU MAY ALSO HAVE OTHER RIGHTS WHICH VARY FROM JURISDICTION TO JURISDICTION.

No Liability for Events Outside of Direct Control. BWIS, the Financial Information Providers, Financial Information Transmitters, Third-Party Research

Providers and any other person involved in transmitting Financial Information will not be liable for any loss that results from a cause over which that entity does not have direct control. Such causes include, but are not limited to: (1) the failure of electronic or mechanical equipment or communication lines; (2) telephone or other interconnect problems; (3) bugs, errors, configuration problems or the incompatibility of computer hardware or software; (4) the failure or unavailability of Internet access; (5) problems with Internet service providers or other equipment or services relating to your computer or network; (6) problems with intermediate computer or communications networks or facilities; (7) problems with data transmission facilities or your telephone, cable or wireless service; or (8) unauthorized access, theft, operator errors, severe weather, earthquakes, other natural disasters or labor disputes. BWIS is also not

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responsible for any damage to your computer, software, modem, telephone, wireless device or other property resulting in any way from your use of the Online Investing Service.

VI. Hyperlinks BWIS may make available links from the Online Investing Service to other, third-party websites or electronic services providers that are not affiliated with

BWIS. BWIS does not control these other websites or services, and BWIS makes no representations or endorsements whatsoever concerning those websites or services. The fact the BWIS has provided a link to a website is not an endorsement, authorization, sponsorship, or affiliation with respect to such website, its owners, or its providers. There are risks in using any information, software, service or product found on the Internet, and BWIS cautions you to make sure you understand these risks before retrieving, using, or relying upon anything via the Internet. You agree that under no circumstances will you hold BWIS liable for any loss or damage caused by use of or reliance on any content, goods or services available on such other websites.

VII. ACH Transfers Functionality

Automated Clearing House Transfers (“ACH Transfers”) initiated through the Online Investing Service from your Investment Services Accounts to your Bank of the West Accounts or other US financial institution accounts will be governed by these Terms and Conditions. Transfers initiated from your Bank of the West Accounts to your Investment Services Accounts will be governed by the Online and Mobile Service Agreement.

ACH Transfers made using the Online Investing Service are subject to the following limitations: • Dollar limitations and verifications may apply to all ACH transfers. Please contact BWIS if you have any questions on a particular transfer transaction.

• All transfer limits are subject to temporary reductions to protect the security of the Accounts and/or the transfer system. • At our discretion, we may refuse to process any transaction that exceeds any designated limits. In this case, you are responsible for making alternate arrangements or rescheduling the transfer through the Online Investing Service. • ACH Transfers from an Investment Services Account to another account submitted on a business day and verified by BWIS before the cut-off time of 1:00 p.m. ET may be posted to the Investment Services Account on the same day. Transfers submitted on a business day and verified by BWIS after 1:00 p.m. ET will be treated on a best efforts basis to be processed the same day. • All transfers submitted on a non-business day as well as transfers verified by BWIS after the cut-off time and not processed same day are posted to your Investment Services Account as a pending transaction until the next Business Day. • The action of posting ACH Transfer transactions to your Investment Services Account is not a confirmation that the transfer of funds occurred. I understand that a transfer reject may occur and I will be responsible for any transactions within my account based on those funds. • I understand that funds transferred from my Investment Services Account via ACH transfer may be debited to my Investment Services Account same day and transferred through the ACH system. The ACH system is not a real-time transfer system and additional time may be required by the receiving financial institution to process and post funds. Transferred funds frequently post to the receiving financial institution the following business day. • Recurring transfers scheduled for a weekend or a non-Business Day will be processed on the prior Business Day. • Funds may NOT be drawn from or transferred to third-party accounts even if the account owner(s) name appears on the account (e.g. Business Account, Trust Accounts, etc.) or the account of a party whose name is not identified as an owner of the BWIS Investment Services Account. • An ACH Transfer may be drawn from a bank savings account or bank checking account titled the same as your BWIS Investment Services Account. • An ACH Transfer from a joint bank account may be deposited into either bank account owners’ BWIS Investment Services Account. • An ACH Transfer from an individual bank account may be deposited into a joint BWIS Investment Services Account if the individual is listed in the title of both accounts as an owner. • An ACH transfer from an individual or joint bank account may be deposited into a BWIS Investment Services IRA Account belonging to either account owner. However, such deposits must be accompanied by an IRA Contribution Form detailing the account number and contribution tax year in which the contribution applies. IRA contributions made without specifying the tax year may be rejected or applied to the current tax year in which the contribution was received. • The IRS imposes maximum allowable contributions within each tax year for IRAs and qualified plans. BWIS does not provide tax or legal advice so it is my responsibility to seek professional tax advice to determine the maximum allowable contribution for my IRA and qualified accounts. • BWIS imposes minimum holding periods for funds deposited using ACH Transfers which may include holding periods up to 60 days for ACH deposits used to open an account, ACH Transfers originated from a newly established or previously unused ACH Profile or other deposit scenarios at BWIS’ discretion. • Withdrawals from my Investment Services Account cannot exceed the cash available for withdrawal or the unsettled balance in cash accounts; cannot reduce the account balance to less than the minimum required equity in margin accounts if applicable; cannot be made if the account is in a margin call; cannot be made if the cash account is in a debit balance or the withdrawal will create a debit balance in the cash account; cannot be made if BWIS determines the ACH Transfer to be unacceptable.

For online transfers, our Business Days are Monday through Friday, excluding bank holidays and all stock exchange closures including observed holidays. You authorize BWIS, as applicable, to withdraw or debit the necessary funds from your designated Account in order to complete all of your designated

transfers. The completion of a transfer is subject to the availability of sufficient funds at the time the transfer is posted. If enough funds to complete the transfer are not available, we may refuse to complete the transfer. At our option, we may make a further attempt to process the transfer request.

BWIS is under no obligation to inform you if it does not complete a transfer because there are non-sufficient funds in your Account to process the transfer. In

this case, you are responsible for making alternate arrangements or rescheduling the transfer through the Online Investing Service. You cannot cancel a one-time immediate transfer after it has been submitted through the Online Investing Service and the information has been transmitted to

us. Future-dated and recurring transfers can be canceled prior to 11:59 pm ET on the Business Day prior to the date the transfer is scheduled to be made. If the transfer’s status is In Process or Completed, you can no longer cancel it. After you cancel a future-dated transfer, the status changes to Canceled. To cancel a transfer, you must call and speak with a BWIS Representative. You may also submit a request to cancel a scheduled or recurring payment or a future-dated transfer by calling BWIS. We must receive your request three Business Days or more before the transfer is scheduled. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.

If you attempt to cancel a transfer in accordance with the above instructions and we do not do so, we will not be liable for your losses or damages. If we do not complete a transfer to or from your Account on time or in the correct amount according to our agreement with you, we may be liable for your

losses or damages. However, there are some exceptions. For instance, we will not be liable: • If, through no fault of ours, you don't have enough available funds in your Account. • If any portion of the system used to access or use the Online Investing Service was not working properly, and you knew about the breakdown when you started the transfer.

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• If circumstances beyond our control (such as strikes, riots, flood, hurricane, power failure, equipment failure, government action, computer viruses, computer hackers, terrorist attacks, etc.) prevent the transfer, despite reasonable precautions we've taken. • If you violate any law or regulation in connection with your use of the Online Investing Service, including without limitation the sanctions laws administered by the U.S. Office of Foreign Assets Control. • If you did not properly follow these Terms and Conditions and/or online instructions about how to make the transfer. • If you did not give us complete, correct and current instructions regarding the transfer. • If your Computer, Device or associated telecommunications service malfunctioned for any reason. • If the transfer could not be completed because your access to the Online Investing Service or your Online and Mobile Banking Service had been suspended or was otherwise not available. • If we acted in good faith to protect your account from suspected fraudulent activity by requiring further documentation or verification. • If you or we terminate these Terms and Conditions or your BWIS New Account Agreement before the transfer is scheduled to occur.

• There may be other exceptions stated in these terms and conditions. In any case, we will not be responsible for any errors or failures due to any malfunction of your Computer, Device, or for any unsuitability or incompatibility

of your Computer or Device that may be associated with the use of an online service, regardless of the cause of the error or failure. VIII. External Transfers Functionality

Transfers between your Investment Services Accounts and your external bank accounts will be governed by these Terms and Conditions ("External Transfers"). Your external bank accounts must be with a bank operating in the United States ("External Bank Account").

An External Transfer may be scheduled through Online Investing Services up to 365 days in advance of the date the transfer is to be made. Recurring

external transfers may only be set up by contacting BWIS. You can cancel any External Transfers by using instructions provided on our Online Service Website.

Dollar limitations and verifications may apply to all transfers. Please contact BWIS if you have any questions on a particular transfer transaction. We reserve

the right to complete or to reject any attempted External Transfer that exceeds or is lower than the applicable limit, at our complete discretion. The external bank may also impose limitations, verifications and fees on the External Transfers. We will not be liable to you for any External Transfer that cannot be completed in accordance with your instructions due to limitations imposed by other financial institutions.

We are not responsible for detecting any errors in an External Transfer instruction requested by you through Online Investing Services. You are responsible

for the content of any External Transfer instruction and we may rely upon the information you provide to us when processing the External Transfer instruction. We may rely solely on the account numbers and bank identifying numbers that you provide to us for identifying your External Bank Account(s), any third party account(s), and financial institution(s) holding such accounts, regardless of whether you also provide the name of the account holder or the name of the financial institution. We and other financial institutions processing your funds transfers have no responsibility to identify or investigate any discrepancy between names and account numbers.

When you register for External Transfers through Online Investing Services, you authorize us to obtain information from any financial institutions holding

your External Bank Accounts in order to confirm your access to and/or ownership of the External Bank Accounts. You also authorize us to request information regarding you and your External Bank Accounts from other third party sources to verify your identity, account ownership, help to protect against fraud, confirm your pattern of use or exceptional use, comply with applicable law or otherwise as is reasonably necessary to provide External Transfers to you. We are under no obligation to you or any other person to verify or confirm your registration information or your ownership of the External Bank Accounts or to confirm that your Investment Services Account(s) and the External Bank Accounts are held in the same name and/or legal capacity. You agree to provide true, accurate, current and complete information about yourself and your External Bank Accounts and you agree to not misrepresent your identity or your Account information.

You authorize us to perform deposits and withdrawals of the same (less than $1.00) to the External Bank Accounts specified by you. You will thereafter

verify to us the amounts of each deposit and withdrawal made to the External Bank Account. In the event that we, at any time, incur a problem with your use of External Transfers, including without limitation, the inability to debit any of your External

Bank Account(s) or to collect funds with respect to any of your External Transfers, as described above, and without limiting any other right or remedy that we may have under these Terms and Conditions or otherwise, we reserve the right to suspend your right to make External Transfers, immediately and without prior notice to you. You understand and agree that such action is reasonable for us to take in order to protect BWIS and you from potential losses. In the event of such suspension, you may request reinstatement of External Transfers by contacting us.

We reserve the right in our sole discretion to grant or deny reinstatement of External Transfers. We further reserve the right to lower the applicable dollar

and/or frequency limitations at any time. External Transfer functionality remains in effect until it is terminated by either you or by us. You may cancel the External Transfer functionality at any time

by notifying us of your intent to cancel in writing, through the Online Investing Services or by calling us. The External Transfer functionality will be cancelled after we have had a reasonable opportunity to act upon your cancellation request. You agree to use External Transfer functionality only for bona fide and lawful purposes. We may suspend or terminate your External Transfer functionality for any reason, at any time. We will try to notify you in advance, but we are not obligated to do so. Any transfers we have already processed before the cancellation date will be completed. We recommend that you cancel any scheduled transfers prior to notifying us that you are canceling External Transfer functionality. You are responsible for any transfers scheduled by you prior to termination that you have not canceled. Termination will not affect your liability or obligations under these Terms and Conditions for transfers we have processed on your behalf.

We shall have no obligation to honor any instruction, in whole or in part, that (a) is, or that we reasonably believe is used for, any illegal or improper purpose

or activity; (b) exceeds the available funds in your Account; (c) we have reason to believe may not be authorized by you; (d) involves funds subject to a hold, dispute or legal process; (e) would violate any law, rule or regulation applicable to us, the External Transfer functionality, you or any other party that processes or receives the payment; (f) is not in accordance with any other requirement stated in these Terms and Conditions, or any other applicable agreement with us, or any of our policies, procedures or practices; or (g) for our protection or yours, we have reasonable cause not to honor. We reserve the right to refuse to honor an instruction or suspend or terminate the External Transfer functionality, in whole or in part, at any time, with or without cause and without notice, and may immediately do so including, without limitation, if: (i) we have reason to believe that your Account has been compromised or mismanaged in any way, such as by unauthorized or erroneous use of your password or other security features; or (ii) we believe the External Transfer functionality is not being used for its intended, bona fide and lawful purposes under this Agreement; (iii) you repeatedly overdraw your Account; (iv) your Account is closed, access to your Account is restricted for any reason, or (v) if you do not use the External Transfer functionality for more than 90 days. Any

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transfers we have already processed before the cancellation date will be completed. We recommend that you cancel any scheduled transfers prior to notifying us that you are canceling the External Transfer functionality. You are responsible for any transfers scheduled by you prior to termination that you have not canceled. Termination will not affect your liability or obligations under these terms and conditions for transfers we have processed on your behalf.

You are required to call us immediately to notify us of any unauthorized transactions or if you suspect that any Account or External Bank Account

has been compromised. Please remember that use of your External Bank Account is subject to that financial institution's rules and regulations governing your External Bank Account, and we are not liable or responsible for any cost or losses incurred as a result of your External Transfer requests from and/or into such External Bank Account.

IX. Contacting us with Errors/Questions/Concerns If you need to report errors or if you have questions or concerns about the transactions recorded on your statements, please contact BWIS immediately at

BWIS, Attn: Operations, 13220 California Street, Plaza West, Omaha NE. 68154 or call 1-800-338-3919 or contact your BWIS Financial Advisor. Contact us immediately if you think:

• Your statement or transaction record is wrong • You need more information about a transaction listed on your statement • An unauthorized person has discovered your Online Investing Service password • Someone has transferred or may transfer money from your Investment Services Account without your permission

We must hear from you no later than ten (10) days after we have sent the FIRST statement on which the problem or error appeared. If you tell us verbally, we

may require you to send us the error or question in writing or via email within five (5) business days. When you contact us, please provide the following information: • Your name and account number • The date and dollar amount of the transaction in question • The transaction number assigned by the Online Investing Service, if available • A description of the transaction about which you are unsure • Please explain as clearly as you can why you believe there is an error or why you need more information.

We will tell you the results of our investigation and we will promptly correct any error we have made. If we conclude there was no error, we will send you a written explanation after we complete our investigation. You may request copies of the documents that

we used in our investigation. X. Self-Directed Investing Terms and Conditions The following provisions apply when you use the Online Investing Service for purposes of managing your Self-Directed Account ("Self-Directed Investing").

When you open your Self-Directed Account, you are enrolling in Self-Directed Investing and you agree that these terms and conditions bind your activities in connection with your Self-Directed Account. BWIS may amend or supplement these terms and conditions upon written notice, delivered by regular mail, by e-mail, or by an on-screen notice. You agree that BWIS may modify the functionality and trading rules applicable to Self-Directed Accounts at any time. In particular, BWIS reserves the right upon notice to change its fees, to add fees for items for which it does not currently charge and to institute an inactivity fee for periods in which there is no fee-generating activity in your Self-Directed Account. BWIS also reserves the right to terminate your enrollment in Self-Directed Investing at any time for any reason without notice.

You agree that any investments you make in your Self-Directed Account, whether based on information obtained from BWIS or otherwise, will be solely

your own decisions and based on your own evaluation of your personal investment risk profile and your investment objectives. BWIS does not provide investment advice or recommendations with respect to your Self-Directed Account. In addition to retaining the sole responsibility for investment decisions, you understand and agree that you are responsible for knowing the rights and terms of all securities in your Self-Directed Account, specifically including valuable rights that expire unless the holder takes action. This includes, but is not limited to, warrants, stock rights, convertible securities, bonds, and securities subject to corporate actions including but not limited to a tender or exchange offer. You understand and agree that BWIS accepts no obligation to notify you of any upcoming expiration or redemption dates, or, except as required by applicable law or regulation, to take any action on your behalf without specific instructions from you. You also agree that all dividends and interest payments credited to your Self-Directed Account shall accumulate rather than be paid to you upon receipt, but shall be subject to your withdrawal from time to time upon request for a check or other funds transfer.

In the event you wish to seek investment advice from a BWIS financial advisor with respect to investment decisions in your Self-Directed Account, you will

be required to first provide such information as BWIS deems appropriate (including with respect to your financial condition, financial objectives, and risk tolerance), which may require the completion of additional documentation, so that BWIS will have sufficient information to provide appropriate advice. Please contact the BWIS Investment Center at 1-800-338-3919 for information on obtaining advice in your Self-Directed Account. Any orders placed in your Self-Directed Account through or with advice from a BWIS financial advisor may be subject to additional fees and charges. Please refer to the fee schedule for further information. Obtaining advice on a particular transaction shall not in any way affect the overall nature of the account as a Self-Directed Account or create any responsibility for BWIS to monitor or advise you with respect to the transactions you initiate in your Self-Directed Account.

Trading Rules Self-Directed Investing allows you to enter orders to buy and sell U.S. market traded equities, including exchange-listed and widely-held over-the-counter

stocks, a wide selection of mutual funds, and certain fixed income securities and certificates of deposit. Available investments will be those investments that BWIS makes available. BWIS has no obligation to offer or continue to offer any particular products through the Online Investing Service. Certain products that BWIS offers other customers may not be available for Self-Directed Investing. Not all Accounts are eligible for Self-Directed Investing.

Self-Directed Investing is intended to be available for order entry during regular U.S. market hours on Brokerage Business Days, except for brief maintenance

periods; however, BWIS does not warrant that the service will be uninterrupted. Orders sent outside of regular U.S. market hours will be held and entered during market hours on the next Brokerage Business Day.

You agree that you will not use the Online Investing Service or your Self-Directed Account or any Account-related services to conduct any activity that would violate applicable law. If we are uncertain regarding the legality of any transaction, we may refuse the transaction or freeze the Self-Directed Account in question while we investigate the matter.

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BWIS reserves the right to place restrictions on your Self-Directed Account in its sole discretion, and to cancel any order that we believe would violate federal credit regulations or other regulatory limitations; however, BWIS will have no responsibility or liability for failing to cancel any order.

BWIS does not promote directly or indirectly what is commonly referred to as “Day Trading.” Self-Directed Investing should not be construed as an

endorsement or promotion of Day Trading. Day Trading can be very risky and may not be suitable for all investors, especially investors with limited resources, limited investment or trading experience, or a low risk tolerance.

Certain orders may be blocked or subject to pre-review by BWIS, which may take up to several minutes to process. When you use the Online Investing

Service to place a trade order, you agree these orders may be sent directly to an exchange for execution without being viewed by a BWIS representative. By placing a trade order through the Online Investing Service, you voluntarily agree to assume any added risk that may result from the lack of human review of your order in exchange for the reduced commissions and potentially greater convenience of electronic trading. Additionally, you agree that you will not have the opportunity to ask questions or otherwise interact with a BWIS representative about your order.

If you open a Self-Directed Account, your current commission structure will differ from the commission structure applied to your Full Service Accounts. Fee

schedules for Online Investing Services will be posted on the BWIS website. Access to the Online Investing Service may be limited or unavailable during periods of peak demand, market volatility, systems upgrades or maintenance, or

for other reasons. If the Online Investing Service is unavailable or delayed at any time, you agree to call the BWIS call center at 1-800-338-3919 to place your orders. BWIS will not be liable to you if you are unable to access your Self-Directed Account or place an order through the Online Investing Service.

BWIS may post "Urgent Notification" on its website or send you a secure message to alert you to various Online Investing Service and market conditions issues. You agree that you will read any Urgent Notification before placing orders through the Online Investing Service and will be deemed to have knowledge of any such Urgent Notification that is posted when you place an order.

All orders entered through Self-Directed Investing shall be subject to the applicable rules, customs and usages of the exchange or market, and its

clearinghouse, on which such orders are transacted by BWIS or our affiliates, including cancellation of orders in certain circumstances. Whether or not funds are available in your Self-Directed Account on trade date, you agree to pay by settlement date for any trade for which you place an order through Self-Directed Investing.

You agree that it may not be possible to cancel a market or limit order once you have placed it, and you agree to exercise caution before placing all orders.

Any attempt you make to cancel an order is simply a request to cancel. BWIS processes your requests to change or cancel an order on a best-efforts basis only and will not be liable to you if BWIS is unable to change or cancel your order. Market orders (including marketable limit orders), in particular, are subject to immediate execution and as a general rule cannot be canceled once entered during market hours and shortly before market opening. If you wish to try to change or cancel your market order, you agree to call a BWIS representative to assist you. Attempting to cancel and replace or change a market order through the Online Investing Service can result in the execution of duplicate orders, which ultimately are your responsibility. If an order cannot be canceled or changed, you agree that you are bound by the results of the original order you placed.

Good-till-canceled ("GTC") orders will be automatically canceled only at the close of business on the 60th calendar day after the date the order was entered or

on the Brokerage Business Day thereafter if the 60th day is a weekend or holiday. You agree that if you do not cancel an open GTC order, the transaction may be completed based on your original instructions anytime until the close of business on the 60th calendar day or next Brokerage Business Day. For securities that pay cash dividends or that split, unless otherwise instructed, open GTC orders will be adjusted in accordance with stock exchange regulations.

Order Execution and Routing Disclosure Exchange-listed securities — When you buy or sell listed stocks, or when you buy or sell listed options, we handle your order so as to obtain a competitive

execution price in line with our regulatory obligations. Our electronic order-processing system automatically channels your order to an appropriate market center given the characteristics of the order, market data and trading statistics.

Over-the-counter markets — Securities that are not listed on an exchange may be traded in the over-the-counter markets. BWIS fully complies with SEC and

FINRA order handling requirements. We handle your order so as to obtain a competitive execution price. We regularly monitor the quality of our executions. In addition, we execute customer limit orders in NASDAQ securities at prices equal to the limit price or better than the limit price. We manually execute orders larger than these parameters, using discretion to seek best execution for our customers.

Mutual Fund shares - You agree that, in purchasing and redeeming shares of a mutual fund through BWIS, BWIS's policies and procedures will govern such

transactions and not those of the mutual fund as described in its prospectus, which may be either more or less beneficial to you as an investor. In particular, you agree that BWIS's policies and procedures on minimum investment requirements, exchange of fund shares, dividend accrual and date for payment of accrued dividends upon redemption of a daily dividend fund may vary from those applicable to direct fund shareholders. You may also be charged a fund’s redemption fee that would not be imposed by the fund on direct shareholders holding fund shares under the same circumstances.

Holding Non-Publicly Traded Securities at BWIS – We may, at our discretion, agree to accommodate requests from you to hold in your Self-Directed

Account certain securities, such as hedge funds, private equity funds, private placements, and other securities that do not trade on securities exchanges or over-the-counter markets (“Non-Publicly Traded Securities”). In consideration for our accepting these Non-Publicly Traded Securities into your Self-Directed Account from time to time, you agree that BWIS's sole obligation with respect to such Non-Publicly Traded Securities will be to (1) obtain and maintain possession or control of such securities in a manner as required by the SEC and (2) file and provide reports and information as required under the Internal Revenue Code, the regulations thereunder of the Internal Revenue Service. Additional terms and conditions will be presented to you at the time of your request.

Non-Exchange Listed Stocks – Securities traded in over-the-counter bulletin boards and pink sheet securities and other thinly traded securities present

particular trading risks in that they are often more volatile and generally less liquid than securities traded on exchanges. We reserve the right to place restrictions on the trading of such securities without prior notice, including requiring that trades in such securities be conducted through the BWIS call center rather than Online Investing Service.

The SEC adopted a rule requiring market centers to publicly disclose, on a monthly basis, uniform statistical measures of order execution quality. These

measures include, but are not limited to, how market orders of various sizes are executed relative to the public quotes and information about the spreads paid by investors. The SEC has also adopted a rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. In accordance with these rules, BWIS's execution reports and order routing statistics are available for public review by visiting the link provided in the Online

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Investing Service or by visiting www.orderroutingdisclosure.com/orderrouting/HOME. Under SEC rules, we are required to inform you that BWIS does not receive payment for order flow from other broker-dealers, any U.S. exchange or NASDAQ for routing your orders in securities quoted on U.S. exchanges or NASDAQ trading systems.

Electronic Delivery You hereby agree to the electronic delivery of trade confirmations, account statements, proxies, shareholder information, tax information and other

documents, both regulatory and non-regulatory in connection with your Self-Directed Account ("Account Communications"). Account Communications are provided to you when we post them on a secure password protected website. You will be notified by electronic mail (e-mail) when these documents are available to be viewed online. E-mail notification(s) will be sent to the e-mail address(es) you have provided to us and which are you are responsible for updating as needed. You affirm that you have a valid e-mail address on record with us, have access to the Internet and you are at least 18 years of age. You also affirm that you have installed Adobe Acrobat Reader version 4.0 or higher to view your Account Communications. You agree that electronic delivery of the Account Communications is deemed accepted, regardless of whether a particular document is accessed or viewed. You may print or save a copy of the Account Communications at any time. There is no charge from us for electronic delivery, but online access and usage charges by your Internet service or access provider may apply. You understand that you may incur an expense should you seek to request paper copies of one or more documents on a temporary or permanent basis in connection with your Self-Directed Account or if we terminate electronic delivery of Account Communications in the event of an email notification failure, as defined by us (until such time as your re-enrollment in electronic delivery of Account Communications). You agree to abide by the terms and conditions of electronic delivery of Account Communication as they may be amended from time to time. Your continued use of either website will constitute your acceptance of the then-current terms and conditions.

Limitation on Liability with respect to Self-Directed Investing YOU AGREE THAT NEITHER BWIS NOR ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS AND AFFILIATES NOR ANY THIRD PARTY

WORKING WITH BWIS TO PROVIDE SERVICES HEREUNDER (COLLECTIVELY, "OTHER PERSONS") SHALL BE RESPONSIBLE FOR ANY DAMAGES FROM ANY UNAUTHORIZED TRADING OR THEFT BY ANY THIRD PARTY WHO GAINS ACCESS TO YOUR ACCOUNT(S) BY USE OF YOUR USER ID AND PASSWORD AS A RESULT OF YOUR INTENTIONAL OR UNINTENTIONAL CONDUCT, INCLUDING NEGLIGENCE BY YOU IN PROTECTING YOUR USER ID AND PASSWORD. YOU AGREE THAT YOU WILL IMMEDIATELY NOTIFY US BY TELEPHONE AND CONFIRM THE SAME IN WRITING IF YOU BECOME AWARE OF ANY DISCREPANCY IN YOUR ACCOUNT BALANCE OR SECURITY POSITIONS OR IF YOU HAVE REASON TO BELIEVE THAT A THIRD PARTY IS USING YOUR USER ID AND PASSWORD WITHOUT YOUR AUTHORITY. YOU AGREE TO ACCEPT FULL RESPONSIBILITY FOR THE MONITORING OF YOUR ACCOUNT(S) WITH RESPECT TO ALL TRANSACTIONS ENTERED THROUGH SELF-DIRECTED INVESTING. YOU WILL BE RESPONSIBLE FOR ALL ORDERS ENTERED THROUGH AND UNDER YOUR USER ID AND PASSWORD AND ACCOUNT NUMBER, AND ANY ORDERS SO RECEIVED BY BWIS WILL BE DEEMED TO HAVE BEEN RECEIVED BY YOU.

NEITHER BWIS NOR ANY THIRD PARTY MAKE ANY REPRESENTATIONS OR WARRANTIES EXPRESS OR IMPLIED WITH RESPECT TO

SELF-DIRECTED INVESTING, INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. TO THE EXTENT PERMITTED BY LAW, UNDER NO CIRCUMSTANCES, INCLUDING NEGLIGENCE, WILL BWIS OR ANY OTHER PERSONS BE LIABLE OR HAVE ANY RESPONSIBILITY OF ANY KIND FOR ANY LOSS OR DAMAGE THAT YOU INCUR IN THE EVENT OF ANY FAILURE OR INTERRUPTION OF SELF-DIRECTED INVESTING, OR RESULTING FROM THE ACT OR OMISSION OF ANY OTHER PARTY INVOLVED IN MAKING SELF-DIRECTED INVESTING AVAILABLE TO YOU, OR FROM ANY OTHER CAUSE RELATING TO YOUR ACCESS TO OR USE OF SELF-DIRECTED INVESTING, WHETHER OR NOT THE CIRCUMSTANCES GIVING RISE TO SUCH CAUSE MAY HAVE BEEN WITHIN THE CONTROL OF BWIS OR ANY OTHER PERSONS. IN NO EVENT WILL BWIS OR ANY OTHER PERSONS BE LIABLE TO YOU FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL OR INCIDENTAL DAMAGES EVEN IF BWIS OR ANY OTHER PERSONS PARTY HAVE BEEN ADVISED OF THE POSSIBILITY THEREOF. ANY LIABILITY ARISING OUT OF ANY ACTION OR OMISSION BY BWIS OR ANY OTHER PERSONS SHALL BE LIMITED TO AN AMOUNT EQUAL TO THE BENEFIT WHICH THE TRANSACTION WOULD HAVE RESULTED IN DURING THE PERIOD BETWEEN THE DATE OF A TRADE AND THE APPLICABLE TIME FOR SETTLEMENT OF SUCH TRADE.

XI. Full Service Account Online Services The following provisions apply in addition to the terms and conditions set forth in the New Account Agreement when you use the Online Investing Service to

access your Full Service Account. You may use the Online Investing Service to access your Full Service Account balance and certain other information related to your Full Service Account. You understand that the Full Service Account you currently maintain with BWIS does not permit you to engage in on-line trading.

If you wish to engage in online Self-Directed Investing, you agree and understand that the provisions set forth in Section X governing Self-Directed Investing

will become applicable to your Account. (BWIS reserves the right to limit access to online trading in Full Service Accounts, and will make the trading functions available only upon customer request. BWIS reserves the right to require additional information or documentation in connection with activating online trading for customers who maintain a Full Service Account, and reserves the right to cease offering online trading at any time.) Among other things, you agree and understand that any online trades you may place shall be treated as trades made within a Self-Directed Account. For example, BWIS does not provide investment advice or recommendations with respect to any trades that you enter online or through an advisor on an unsolicited basis. Accordingly, any order you place that is self-directed, whether based on information obtained from BWIS or otherwise, will be solely your own decision and based on your own evaluation of your personal investment risk profile and your investment objectives, and would not constitute investment advice or a recommendation. Orders placed through Self-Directed Investing are subject to fees and charges that may be different from those related to Full Service Accounts. Please refer to the fee schedule for further information.

XII. ONLINE SECURITY You are responsible for reviewing all the terms of the Online Agreement, which as noted in above, govern the Online Investing Service along with these

Terms and Conditions, including without limitation section 3 (Equipment Requirements; Responsibilities), section 5 (Your Online and Mobile Service Responsibilities), and section 9 (Security Procedures) and any other similar or successor sections of the Online Service Agreement.

What follows below are reminders to you of your responsibilities in securing and protecting access to your Investment Services Accounts through the Online

Investing Service.

You are responsible for utilizing up-to-date web-browsers and access devices and the best commercially available encryption, antivirus, anti-spyware, and Internet security software to protect your Computer or Device from viruses, malware and other malicious applications.

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You acknowledge that you are responsible for the data security of the Computer or Device used to access the Online Investing Service, and for the transmission and receipt of information using the Computer or Device.

You agree to take every precaution to ensure the safety, security and integrity of your Account and transactions when using the Online Investing Service.

You agree not to store non-public personal information, Account, or personal data that might compromise the security of your financial relationship with the Company on your Device or, if stored, such information will be encrypted and secured with commercially reasonable security procedures. Such information includes, as an example, Account names, Account balances, user names and passwords, Social Security Number or Taxpayer Identification Number.

You agree not to leave your Computer or Device unattended while logged into the Online Investing Service and to log off immediately at the completion of each access of the Online Investing Service. You agree to close your browser after each Online Investing Service session.

You agree to exercise safeguards to protect your security login information, including without limitation, user name(s), passwords, and answers to security questions. Such safeguards include, without limitation, memorizing user names, passwords, and security questions; changing of passwords on a periodic basis; and selecting complex passwords with combinations of letters, numbers, characters and upper and lower case letter combinations. In addition, you agree not to use the same password for multiple services. You agree not to write down your password or provide your password or other access information to any other person. If you do, we will not be liable for any damage resulting to you.

You agree to notify us immediately if you believe that someone may have unauthorized access to your Online Investing Service, Accounts, or External Bank Accounts, or to your Computer or Device. If your Device is lost or stolen, you will contact us immediately. In the event of the theft of or compromise to your Device, we will take preventive measures, which could include canceling your Online Investing Service and requiring you to cancel the mobile service associated with the Device.

When you give someone your Online Investing Service username, password, personal identification number, or other secure information, you are authorizing

that person to use your service, and you are responsible for all transactions that person performs while using your service. All transfers that a person performs, even those transfers you did not intend or want performed, are authorized transactions. If you notify us that the person is no longer authorized, or if you change your ID and password without giving the other person the new information, then only transactions that person performs after the time you notify us or the ID and password were changed are considered unauthorized. Transactions that you or someone acting with you initiates with fraudulent intent are also authorized transactions.

With respect to your Investment Services Accounts, you assume the entire risk for fraudulent, unauthorized or otherwise improper use of the Online Investing

Service to access your Investment Services Accounts, including security credentials, user name or passwords to the fullest extent permitted by law. Any unauthorized access of your Bank of the West Accounts is governed by the Online Service Agreement, and your liability for unauthorized activities in your Bank of the West Accounts may be limited as described in that agreement.

XIII. Information Sharing In order for us to determine your initial eligibility for various pricing schedules that may apply to your account(s) held at BWIS or affiliates and to monitor

your continued eligibility for these pricing schedules, you consent to the sharing of information related to your at BancWest Investment Services, Bank of the West, Bank of the West Trust Services, or elsewhere, including your public and non-public personal information and financial information, including without limitation information related to your personal assets, trust assets, investments, liabilities, and balances maintained at the bank, among BWIS, Bank of the West, Bank of the West Trust services, and any of our affiliates. Should you at any time withdraw consent as to such sharing, the lack of information sharing may affect your eligibility for certain preferred pricing options.

IVX . Termination

BWIS reserves the right to terminate your access to the Online Investing Service or any portion of them (including, without limitation, the Financial Information and Self-Directed Investing) in its sole discretion, without notice and without limitation, for any reason whatsoever. BWIS may terminate your access to its Online Investing Service for reasons including, but not limited to, the unauthorized use of your Account access information, breach of these Terms and Conditions, discontinuance of BWIS's access to any Financial Information or any other data from any Financial Information Provider or Research Provider or termination of one or more agreements between BWIS and Financial Information Providers, Third-Party Research Providers or Financial Information Transmitters. BWIS, the Financial Information Providers, the Third-Party Research Providers and the Financial Information Transmitters shall have no liability to you for terminating your access to the Online Investing Service, provided, however, that if BWIS's termination is without cause, BWIS will refund the pro rata portion of any fee you may have paid for the portion of the Financial Information and/or Online Investing Service not furnished to you as of the date of termination.

CASH SWEEP DISCLOSURES AND TERMS AND CONDITIONS FOR BANCWEST INVESTMENT SERVICES, INC. CUSTOMERS

I. Introduction

The Bank of the West Sweep Account (“Sweep Account”) is a cash sweep option offered by BancWest Investment Services, Inc. (“BWIS”), and is intended for the investment of available cash balances from your brokerage account for transfer into a bank deposit account. By enrolling in the Online Investing Service, you agree to select the Sweep Account as your automatic cash investment option, and agree to appoint our fully disclosed clearing agent, Pershing LLC ("Pershing"), as your authorized agent to effect the sweep option pursuant to the terms and conditions set forth herein. There is no minimum amount required as an initial deposit or for subsequent deposits. This product is eligible for FDIC insurance subject to the terms and limitations of the FDIC. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. There are two Sweep Accounts offered: Bank of the West Insured Cash Reserves (BWIS) and Bank of the West Insured Cash Reserves Advantage (BICA). For further information on FDIC insurance, please refer to the FDIC website at www.fdic.gov or call 1.877.275.3342

II. Terms and Conditions

This portion of our cash sweep disclosure communication contains a summary of certain features of the Sweep Account. It is prepared for your convenience, and it must be read in conjunction with the more detailed disclosure below. These terms and conditions are supplemental to your existing account agreements which you executed to open and maintain your brokerage account with Pershing through BWIS.

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A Summary of the Program: Pershing operates the Sweep Account, which sweeps your excess cash balances in your brokerage account carried at Pershing to an interest-bearing bank deposit account at Bank of the West, San Francisco, California (“Bank”), and also sweeps your cash from the Bank to cover purchases of securities and other debits in your brokerage account carried at Pershing. If you would prefer to select a different sweep option, please contact your BWIS registered representative, or BWIS at (800) 338-3919. All withdrawals are subject to the Bank’s reserved right to require seven (7) days’ advance notice of withdrawal. You receive interest on your balances held at the Bank. Pershing earns fees based on the total amount of deposit balances in the Sweep Account, including your balance.

FDIC Insurance: This product is eligible for FDIC insurance subject to the terms and limitations of the FDIC. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. For further information on FDIC insurance, please refer to the FDIC website at www.fdic.gov or call 1.877.275.3342. Pershing has established standing instructions with the Bank to ensure that Pershing maintains control over your funds at all times. FDIC insurance protects you in the event of the failure of the Bank. However, any money you hold at the Bank outside of the Sweep Account may impact the insurance coverage available, as neither Pershing, nor BWIS, takes any responsibility for money you may have at the Bank outside of the Sweep Account. You are solely responsible for monitoring your deposits as they relate to FDIC Insurance. Securities Investor Protection Corporation (“SIPC”): SIPC insures customer assets up to $500,000 of which not more than $100,000 may be in cash held at broker-dealers, such as Pershing, in the event of the failure of the broker-dealer. However, assets covered under FDIC insurance (see above) are exempted from SIPC coverage. Therefore, SIPC coverage is not available for deposits in the Sweep Account.

Access to Funds: You will access your Sweep Account balance through your brokerage account by contacting your BWIS registered representative. In the event your BWIS registered representative is unavailable, you may access your funds by contacting BWIS at (800) 338-3919. In the event BWIS cannot assist you, you may access your funds by contacting Pershing at 1-201-413-3333. All withdrawals are subject to the Bank’s reserved right to require seven (7) days’ advance notice of withdrawal. Your brokerage account statement will identify the Bank as the deposit bank and your Sweep Account month end balance.

Determination of Interest Rates: Interest rates may fluctuate and are based on the current level of short term interest rates at the time as set from time to time by the Bank. The current interest rates, as well as other money market rates, will be available from your BWIS registered representative and our website.

III. Detailed Terms and Conditions

A. Account Eligibility The Sweep Account is available to the following types of accounts: individual, joint, IRAs, certain business entities, including corporations, eligible to maintain an interest-bearing account, and certain fiduciary and trusts provided the beneficiaries are individuals or otherwise eligible to maintain a bank deposit. Any Eligible account may have the BWIC option. Otherwise eligible accounts must also have available cash of $100,000 or more to be placed in the BICA sweep option. (BWIS reserves the right to remove accounts from the BICA sweep that do not maintain sweep cash balances of $100,000.)

B. Relationship with Pershing Pershing is acting as your agent in establishing and maintaining an interest-bearing deposit account at the Bank, including depositing your money to and withdrawing your money from the Bank through your brokerage account. Once you enroll in the Sweep Account, your cash sweep to the Bank will constitute your appointment of Pershing as your agent to effect deposits to and withdrawals from the Sweep Account.

C. Information about Pershing, BWIS and the Bank. Pershing is a wholly owned subsidiary of The Bank of New York Company, Inc., is a registered broker dealer in securities and is a member organization of the NYSE and FINRA. BWIS is a registered broker-dealer in securities and a registered investment adviser in the states where it conducts its advisory business, is a member of the FINRA and provides brokerage and advisory services to individual investors. BWIS is a wholly-owned subsidiary of the Bank, the deposit bank.

D. Deposits

Each business day, Pershing will cause to be deposited the excess cash balances in your brokerage account to a deposit account in its name as agent for its customers maintained at the Bank. Your Sweep Account deposit balance will be evidenced by an entry on records maintained by Pershing as record keeper for the Bank, and your brokerage account statement will reflect all deposits, withdrawals, deposit balance(s) and the applicable interest rate. You will not be issued any evidence of ownership of a Sweep Account balance, such as a passbook or certificate. Deposits are obligations of the Bank, not Pershing, BWIS, or any other organization.

E. Withdrawals As a participant in the Sweep Account, you consent to have your money on deposit in the Sweep Account automatically withdrawn by cash sweep in the event of a debit in your brokerage account carried at Pershing, or on a settlement date to pay for securities purchased. As needed, Pershing will sweep your cash from the Sweep Account. You may make withdrawals from your balance in any amount not exceeding your total Sweep Account balance, but only through your brokerage account. All withdrawals are subject to the Bank’s reserved right to require seven (7) days’ advance notice of withdrawal.

F. Interest and Fees The interest rate applicable to your Sweep Account balance will be stated on your brokerage account statement. Contact your BWIS registered representative to obtain the current interest rate being paid to customers, and your balances as of the most recent business day. Interest will be accrued daily and will be posted on a monthly basis to the Sweep Account. Interest will accrue on the Sweep Account balances from the day they are deposited at the Bank through the business day preceding the date of withdrawal from the Bank. The rate you earn from the Sweep Account may be higher or lower than the rates available to depositors from other deposit accounts at the Bank, from other types of accounts or investment alternatives at Pershing, including money market funds, or from comparable accounts in other depository institutions. You should compare the terms, rates of return, required minimum amounts, charges and other features of the Sweep Account with other accounts and investment alternatives. There is no minimum amount or period that your money must remain on deposit, and there is no penalty for withdrawal of your entire balance, or any part thereof, at any time. Pershing receives a fee from the Bank on the average daily net assets in the Bank Sweep Account. As affiliates; BWIS and Bank have profit sharing agreements from which BWIS receives compensation related to earnings by the Bank on sweep deposits.

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Pershing receives a fee from the Bank monthly based on the average daily net assets in the Sweep Account for its services with respect to the Sweep Account. BWIS receives from the Bank a percentage of the income earned by the Bank from your sweep deposits. The Bank’s payments to BWIS do not reduce the stated interest you earn on your deposits with the Bank. The BWIS registered representatives receive no fees for your participation in the Sweep Account.

G. Account Statements

You will receive a periodic brokerage account statement from Pershing. All activity with respect to your Sweep Account balance, including interest earned for the period covered, will appear on that statement. You will not receive a separate statement from the Bank or BWIS. You should notify your BWIS registered representative immediately of any discrepancies on your account statement.

H. Alternatives to the Sweep Account As a participant in the Sweep Account you agree to the terms provided herein. You understand that, at any time, you may withdraw your consent to participate in the Sweep Account. If you withdraw your consent, you will need to designate a replacement cash investment option for your brokerage account. In that event, contact your BWIS registered representative for other cash investment options then available. Information regarding interest rates and alternative sweep option is available on our website at https://www.bankofthewest.com/personal-banking/investment-services/about-bwis.html.

I. Tax Reporting

The interest that your receive from the Sweep Account is generally fully subject to state and federal tax, as is income that you may receive from money market funds. Pershing will send to you a tax information form for each year showing the amount of interest income you have earned.

J. Participation To participate in the Sweep Account, you must instruct your BWIS registered representative to direct your cash that is pending investment to the Sweep Account.

YOU ACKNOWLEDGE THAT YOU HAVE RECEIVED AND CAREFULLY READ THESE TERMS AND CONDITIONS AS WELL AS THE DISCLOSURE HEREIN WITH RESPECT TO INTEREST RATES IN CONNECTION WITH CHOOSING TO UTILIZE THE BANK SWEEP ACCOUNT. IF YOU HAVE ANY QUESTIONS ABOUT ANY OF THE PROVISIONS OF THESE TERMS AND CONDITIONS, PLEASE CALL YOUR BWIS REGISTERED REPRESENTATIVE.

INTEREST RATE DISCLOSURE

You may obtain information about the interest rate being paid on the Bank of the West Sweep Account via the BWIS web page or by contacting a BWIS Representative.

Potential Conflicts of Interest Regarding Cost-Sharing Arrangements with Annuity/ Mutual Fund Providers BancWest Investment Services, Inc. (“BWIS”) has selling agreements with dozens of companies that offer investment products to our customers. Our sales efforts focus upon a group of approved annuity and mutual fund companies’ products, as to which we have performed certain due diligence. A select group of these approved providers have formed agreements with BWIS to share the costs of offering investment products to our customers. These cost-sharing arrangements take the form of cash and non-cash payments that BWIS applies to the educational, training, recordkeeping and other costs associated with the sale of these products to our customers. Such payments are generally made by the advisors who manage the products, and they are typically based on percentages of sales. These payments are generally described in annuity contracts and/or prospectuses, which customers should review for further information regarding the fees and expenses of their investments. Further details regarding these payments and arrangements, including a list of the select providers that have made cost-sharing payments during the last 12 months can be found on the Investment Services page of Bank of the West’s website. You may also obtain a copy of this list by contacting us at (800) 338-3919.

BUSINESS CONTINUITY PLAN

BWIS clears through Pershing. Pershing’s disclosure statement for their Business Continuity Plan (“BCP”) is available on their website. We will also mail a BWIS BCP brochure to customers upon request. Our plan addresses the possibility of a future Significant Business Disruption (“SBD”) and how we plan to respond to events of varying scope. The disclosure is as follows: CONTACTING US If after a SBD you cannot contact us as you usually do by contacting your Financial Consultant, you should call our alternative number at 800-338-3919. If you cannot access us through either of those means, you should contact our clearing firm, Pershing, at 201-413-3635 or their website located at www.pershing.com. Pershing will provide prompt access to funds and security, enter orders and process other trade-related, cash and security transfer transactions for you. OUR BUSINESS CONTINUITY PLAN We plan to quickly recover and resume business operations after a SBD and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, our BCP is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the SBD.

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Our BCP addresses: data backup and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue our business. Our clearing firm, Pershing, backs up our important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firm that its objective is to restore its own operations and complete existing transactions and accept new transactions and payments no later than the next business day following a business disruption. Your orders and requests for funds and securities could be delayed during this period. VARYING DISRUPTIONS SBDs can vary in their scope, such as only our firm, a single building used by the firm, the business district where our firm is located, a specific city where our firm is located, or the whole region or country. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business as quickly as possible. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within 24 hours and as quickly as possible. In either situation, we plan to continue in business and transfer operations to our clearing firm if necessary, our customer emergency number 800-338-3919 or Pershing’s customer number at 201-413-3635. If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customer’s prompt access to their funds and securities through Pershing. For more information – If you have questions about our business continuity planning, you can contact us at BWIS and submit a written request. Securities and insurance products are not deposits with or obligations of, are not guaranteed or endorsed by Bank of the West or its affiliates, and are not insured by FDIC, the Federal Reserve Board or any other federal government agency. Securities are subject to investment risk, and an insurance product or annuity that involves an investment risk, there is an investment risk associated with the product, including possible loss of principal.

PORTFOLIO OBJECTIVES and DEFINITIONS

CAPITAL PRESERVATION - My primary objective is long term capital accumulation and the most conservative objective. Emphasis is placed

on the prevention of capital loss. INCOME - My primary investment objective is for the portfolio to generate income. While I understand that preservation of capital may not

always be consistent with this objective, and the portfolio will be subject to fluctuation, I specifically am not seeking long-term capital appreciation in the value of my portfolio.

TOTAL RETURN - My primary investment objective is to seek portfolio returns through the combination of current income vehicles as well as investments with a capital appreciation goal. I understand that the value of my portfolio may be more volatile than other conservative portfolios.

TAX ADVANTAGE INCOME - My investment objective is tax advantage income. I understand that the portfolio will be subject to fluctuation. GROWTH - My primary investment objective is to seek long term capital appreciation in the value of my portfolio. I understand that the value

of the investments within my portfolio, as well as the portfolio as a whole, will likely experience fluctuation in value. AGGRESSIVE GROWTH – My investment objective is to seek the highest gains in my portfolio. I understand the portfolio will likely

experience significant fluctuation in value.

PERSHING PRIVACY POLICY For the purpose of this document, the term “our customers” refers to you. Working on behalf of your financial organization, we, at Pershing LLC, recognize the importance of protecting the confidentiality of nonpublic personal information that we collect about our customers. The information is used to ensure accuracy in reporting and record keeping, to maintain our customers’ accounts, and to carry out requested transactions. Keeping this information secure is a top priority for us, and we are pleased to share with you our privacy policy. 1. We collect nonpublic personal information about our customers from the following sources:

Applications or other forms (such as name, address, social security number, assets, and income). Customers’ transactions with us, their financial organizations, or others. Consumer reporting agencies (such as credit worthiness and credit history).

2. Our internal data security policies restrict access to nonpublic personal information to authorized employees. We maintain physical, electronic, and procedural safeguards that are designed to comply with federal standards to guard our customers’ nonpublic personal information. Employees who violate our data security policies are subject to disciplinary action, up to and including termination.

3. We may disclose nonpublic personal information about our customers to our affiliates, such as banks, mortgage lenders, and securities broker-dealers, in order to provide our customers with access to product offerings and product upgrades, and in order for our affiliates to provide services to us, such as data processing and loan servicing. We may disclose to our affiliates all of the information that we collect, as described above.

4. We may disclose nonpublic personal information about our customers to nonaffiliated third-parties with whom we have contracted to perform services on

our behalf, such as, printing, mailing, fraud prevention, and data processing services, as well as, nonaffiliated financial organizations with which we have clearing agreements. We may disclose all of the information that we collect, as described above. We may also disclose nonpublic personal information about our customers as permitted or required by law.

5. We do not disclose nonpublic personal information about former customers, except as permitted or required by law.

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6. If our customers visit a Pershing internet web site, we may occasionally use a “cookie” in order to provide better service, to facilitate our customers’ use of the web site, to track usage of the web site, and to address security hazards. A cookie is a small piece of information that a web site stores on a personal computer and which it can later retrieve. We may use cookies for some administrative purposes, for example, to store our customers’ preferences for certain kinds of information. None will contain information that will enable anyone to contact our customers via telephone, e-mail, or any other means. If our customers are uncomfortable with the use of cookie technology, they can set their browsers to refuse cookies. Certain of our services, however, could be dependent on cookies and our customers may disable those services by refusing cookies.

BWIS INSURANCE PRIVACY POLICY ADDENDUM

Permitted Disclosures without Your Authorization BWIS is permitted under law to disclose information we collect about you to third parties in certain circumstances without authorizations, including the following: 1. To unaffiliated third parties:

When the disclosure is necessary to perform a business or insurance function; For determining your eligibility for an insurance payment; and For detecting or preventing fraud or criminal activity.

2. To an insurer or its affiliates: To detect or prevent fraud or criminal activity; and To process transactions or to provide services you have requested.

3. To a medical-care institution or doctor: To verify insurance coverage;

4. To an insurance regulatory authority. 5. To a law enforcement or other governmental authority pursuant to law. 6. To an affiliate whose only use of the information will be in connection with an audit of BWIS or its agent or the marketing of an insurance product or

service, provided the affiliate agrees not to disclose the information for any other purpose or to unaffiliated persons. 7. To a group policyholder for the purpose of reporting claims experience or conducting an audit of the insurance institution's or agent's operations or

services. 8. To a governmental professional licensing or regulatory board to review the service or conduct of a health care institution or health professional that

BWIS has reason to believe has violated its licensing act or engaged in the unlawful practice of a licensed professional. 9. To a representative of a party to a proposed or consummated sale, transfer, merger, or consolidation of all or part of the business of BWIS.

Your Rights with Respect to Accessing Recorded Personal Information: 1. Upon receipt of your written request for access to recorded personal information which is reasonably described and reasonably locatable and retrievable,

we will, within 30 business days from the date such request is received: Inform you of the nature and substance of such recorded personal information; Give a copy of the recorded personal information to you; Disclose to you the identity of those persons or institutions whom the insurer has disclosed such personal information within two years prior to such

request; and Provide you with a summary of the procedures by which you may request correction, amendment or deletion of recorded personal information.

2. We will also identify the source of the information if such source is an institutional source. 3. For any medical information, we will identify the doctor or the medical care institution which provided such information. We can send the information

directly to you or your doctor. If information is sent to a doctor, we will notify you at the time of the disclosure that it has been provided to the doctor. 4. We may charge a reasonable fee to cover the costs incurred in providing a copy of recorded personal information to you. 5. Information obtained from a report prepared by an insurance-support organization may be retained by the insurance-support organization and disclosed to

other persons.

Your Rights with Respect to Correcting, Amending, or Deleting Any Recorded Personal Information: 1. Upon receipt of your written request to correct, amend or delete any recorded personal information in our possession about you, we will, within 30

business days, either: Correct, amend or delete the portion of the recorded personal information in dispute; or Notify you if we cannot make such correction, amendment or deletion, the reasons for denying your request, and your right to file a statement as

provided below. 2. If we grant your request for correction, amendment or deletion of recorded personal information, we will notify you in writing and furnish such

correction, amendment or fact of deletion to: Any person specifically designated by you who may have, within the preceding two years, received such recorded personal information; Any insurance-support organization if the insurance-support organization has systematically received such recorded personal information from the

insurance institution within the preceding seven years; provided, however, that the correction, amendment or fact of deletion need not be furnished if the insurance-support organization no longer maintains recorded personal information about you; and

Any insurance-support organization that furnished the personal information that has been corrected, amended or deleted. 3. If you disagree with our refusal to correct, amend or delete recorded personal information, you are permitted to file with us:

A concise statement setting forth what you think is the correct, relevant or fair information; and A concise statement of the reasons why you disagree with our refusal to correct, amend or delete recorded personal information.

4. If you file a statement described above, we will: File the statement with the disputed personal information and provide a means by which anyone reviewing the disputed personal information will be

made aware of your statement and have access to it; In any subsequent disclosure we make of the recorded personal information that is the subject of disagreement, clearly identify the matter(s) in

dispute and provide your statement along with the recorded personal information being disclosed; and Furnish the statement to the same persons and in the same manner as described in Section B above.

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To limitour sharing

Questions?

FACTS

Reasons we can share your personal informationDoes BancWest

Investment Services share?

Can you limit this sharing?

For our everyday business purposes—such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Yes No

For our marketing purposes—to offer our products and services to you Yes No

For joint marketing with other financial companies Yes No

For our affiliates’ everyday business purposes—information about your transactions and experiences Yes No

For our affiliates’ everyday business purposes—information about your creditworthiness Yes Yes

For our affiliates to market to you Yes Yes

For nonaffiliates to market to you No We don’t share

WHAT DOES BANCWEST INVESTMENT SERVICES DO WITH YOUR PERSONAL INFORMATION?

Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

Rev. February 2010

What? The types of personal information we collect and share depend on the product or service you have with us. This information can include:n Social Security number and incomen account balances and assetsn investment experience and risk tolerance

How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons BancWest Investment Services chooses to share; and whether you can limit this sharing.

n Call 1-800-338-3919—our menu will prompt you through your choice(s)

Please note:

If you are a new customer, we can begin sharing your information 45 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.

However, you can contact us at any time to limit our sharing.

Call 1-800-338-3919

10.09.69

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DefinitionsAffiliates Companies related by common ownership or control.

They can be financial and nonfinancial companies.

n Our affiliates include companies with a BancWest Investment Services name and financial companies such as Bank of the West, and First Hawaiian Bank, and BNP Paribas.

Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.

n BancWest Investment Services does not share with nonaffiliates so they can market to you.

Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

n Our joint marketing partners include: BancWest Investment Services does not currently have any joint marketing partners but reserves the right to share with joint marketing partners in the future.

What we doHow does BancWest Investment Services protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

How does BancWest Investment Services collect my personal information?

We collect your personal information, for example, when you

n open an account or show your government-issued IDn buy securities from us or seek advice about your investmentsn tell us about your investment or retirement portfolioWe also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all sharing? Federal law gives you the right to limit only

n sharing for affiliates’ everyday business purposes— information about your creditworthiness

n affiliates from using your information to market to youn sharing for nonaffiliates to market to youState laws and individual companies may give you additional rights to limit sharing.

What happens when I limit sharing for an account I hold jointly with someone else?

Your choices will apply to everyone on your account.

Who we areWho is providing this notice? BancWest Investment Services

Page 2

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The following Page Entitled

“Important Privacy Choices for Consumers”

is for

California Residents Only

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You may make your privacy choice(s) at any time. Your choice(s) marked here will remain unless you state otherwise. However, if we do not hear from you we may share some of your information with affiliated companies and other companies with whom we have contracts to provide products and services.

Signature:

Important Privacy Choices for ConsumersYou have the right to control whether we share some of your personal information. Please read the following information carefully before you make your choices below.

Your RightsYou have the following rights to restrict the sharing of personal and financial information with our affiliates (companies we own or control) and outside companies that we do business with. Nothing in this form prohibits the sharing of information necessary for us to follow the law, as permitted by law, or to give you the best service on your accounts with us. This includes sending you information about some other products or services.

Your ChoicesRestrict Information Sharing With Companies We Own or Control (Affiliates): Unless you say “No,” we may share personal and financial information about you with our affiliated companies.

Restrict Information Sharing With Other Companies We Do Business With To Provide Financial Products And Services: Unless you say “No,” we may share personal and financial information about you with outside companies we contract with to provide financial products and services to you.

Time Sensitive Reply

To exercise your choices do one of the following: (1) Fill out, sign and send back this form to us using the envelope provided (you may want to make a copy for your records); (2) Call us toll-free at (800) 338-3919; or (3) Fill out, sign and send back this form using our toll-free fax number (877) 323-4540

NO, please do not share personal and financial information with outside companies you contract with to provide financial products and service.

NO, please do not share personal and financial information with your affiliated companies.

Print Name:

Account or Policy Number(s):

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What type of Traditional IRA account would you like to open?

Documents

Transcript of What type of Traditional IRA account would you like to open?