Custodial Trust Agreement

We have the right to change this agreement at any time. Any changes we make to comply with the Code and related rules do not require your consent. It is assumed that you have agreed to another change, unless you notify us in writing, within thirty (30) days from the date we send the change, that you do not agree. If section 8 is repealed and the brokerage account is considered to be strictly consistent with common law principles, the collection of brokerage accounts in the intermediate chain of deposit may be interpreted as a collection of agency-led nominal trusts. Under this legal theory, any securities position relating to a particular class of securities appearing in the brokerage`s omnibus filing is a trust for the benefit of clients who share interest in that position. However, if the assets are illiquid or their value is not easily identifiable on an established exchange or on a generally recognized market, valuation is not necessarily a true market value and is only an estimate of value in a wide range of securities and your accuracy should not be used for any other purpose. The accuracy with which a value is assigned is a factor in the nature of the asset and the cost-effectiveness of a more comprehensive valuation. In some cases where fair value is not easily identifiable and we do not have an up-to-date qualified and independent valuation, we may follow an internal protocol for assigning value based on the cost of the asset or we may rely on a recent independent valuation you have received. We make no warranty as to the value or suitability of the valuation techniques used in the development of a valuation, and we assume no responsibility for the accuracy of valuations of assets whose value is not readily identifiable either on an established exchange or in a generally recognized market. In the United Kingdom, the principles of the common law operate with more freedom with respect to the retention of titles. A securities intermediary is of course characterised as an agent[3] for the benefit of clients holding shares in these securities.

The account holder. The depositor is the person who will set up the deposit account. The depositor`s interest on the balance on the deposit account is not waived. Neither you nor any beneficiary may sell, transfer or mortgage any shares in your IRA unless provided by law or this Agreement.. . . .