Please call Schwab or visit our website for our current margin requirements. We reserve the right to charge interest on debit balances in the Cash Account. If you are unable to cover a short security position (either through delivery of the security or through our "buying in" the security) in enough time so we can deliver the security to its lender (to whom we're obligated), you agree to reimburse us for the losses we sustain as a result of your failure to deliver the security. If my Schwab Account is converted into another account at Schwab, whether by closing my Schwab Account and opening another account or otherwise, I agree to read and be bound by the terms of the agreement governing that other account as currently in effect at the time of conversion and as amended thereafter from time to time. You must notify us at once if you think a wire transfer shown on your Account statement or other notice is incorrect or unauthorized. A short position held overnight and purchased the next day, prior to any new sale of the same security. Schwab may execute fixed income orders for customers as agent or as principal for our own account. The daily interest charges are calculated by multiplying your "daily adjusted debit balance" by the "daily margin interest rate." We retain absolute discretion to determine whether, when and in what amounts we will require additional collateral. Charles Schwab & Co., its parent or affiliates, and/or its employees and/or directors may have positions in securities referenced herein, and may, as principal or agent, buy from or sell to clients. TD Ameritrade was evaluated against 14 other online brokers in the 2022 StockBrokers.com Online Broker Review. Our selection may differ from that indicated in your instructions. Arbitration Agreement. Securities listed on the New York Stock Exchange or the American Stock Exchange, or traded on NASDAQ, are generally eligible for the Schwab StockBuilder Plan, except for foreign securities, short positions (obligations to sell securities you did not own at the time the order was placed) and Over-the-Counter Bulletin Board securities. Any costs, fees or taxes involved in enforcing the award shall be fully assessed against and paid by the party resisting enforcement of said award. We can choose which Securities or Other Property to buy or sell, which transactions to close, and the sequence and timing of liquidation. You agree and understand that Schwab may lend, or have already lent, the security subject to the corporate action; however, this will not affect the fact that your account will be credited with your election when the corporate action has concluded. In particular, you agree that Schwab'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. By requesting Schwab to hold a Non-Publicly Traded Security, you represent that you have determined that such Non-Publicly Traded Security has been properly registered under federal and state law as a security or is exempt from such registration. The following Disclosure of Credit Terms and Policies is required by the Securities and Exchange Commission and is part of your Schwab Account Agreement. It is calculated for each day by dividing the applicable margin interest rate by 360. This arbitration agreement will be binding upon and inure to the benefit of the parties hereto and their respective representatives, attorneys-in-fact, heirs, successors, assigns and any other persons having or claiming to have a legal or beneficial interest in the Account, including court-appointed trustees and receivers. Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices in other concurrently operating extended hours trading systems dealing in the same securities. We can transfer Securities and Other Property from any non-retirement brokerage account in which you have an interest to any other non-retirement brokerage account in which you have an interest, regardless of whether there are other account holders on either account, in order to satisfy deficiencies in any such account or if we think your obligations in any such account are not adequately secured. Schwab offers a number of account types, service features and benefit packages, each of which is referred to as a "Service" for purposes of your Account Agreement. You also acknowledge that we may report any reasonable belief of financial exploitation, or in other circumstances we believe are necessary for your protection, to the applicable state securities administrator, to a state adult protective services agency, or to law enforcement agencies. We will combine cash distributions from your account with those from other customers requesting reinvestment in the same security and use these funds to purchase securities for both you and these other customers. Short sale proceeds are part of the collateral securing our loan of the security to you, and you may not withdraw these proceeds from your account. It is part of your brokerage account agreement. From time to time, we may make available services (referred to in this section as "the services") that allow you to place orders and obtain market data and other information via telephone, computer or other electronic means. A fund may also decline a purchase order, in its sole discretion, if the purchase order exceeds a certain size or for any other reason, and Schwab will not be liable for any losses, lost profits, or other damages that allegedly result from the fund's rejection of that purchase order. You agree to pay our commissions and transaction, processing, custody and other fees, and/or those of the entity to which your non-standard security is delivered, as they exist from time to time and apply to the transactions and services you receive in connection with these securities paid to you by the fund. You acknowledge that you have an affirmative duty to promptly review any and all trade confirmations and account statements for accuracy and completeness and to immediately notify us of any items you believe to be in error. This obligation will survive the termination of this Agreement. Please note that the use of a 360-day year results in a higher effective rate of interest than if a year of 365 days were used. 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. Our cutoff times are available upon request. However, we may provide you with general tax and estate planning information and principles. We may treat such fees as a debit to your Schwab Account and deduct the amount of these fees from any credit balance in your account. When your enrollment is activated, you agree to be bound by this Schwab StockBuilder PlanAgreement as well as any other agreements between you and us that apply to your account. In addition, if you place a market order in a Fast Market, there may be a significant difference in the quote you receive prior to or at the time you place the order and the execution price you receive. If you or Schwab designate a new Cash Feature after the close of business or on a non-Business Day, your Free Credit Balances will be invested or deposited into your new Cash Feature after the close of business on the next Business Day, and generally will begin earning dividends or interest on the Business Day following the next Business Day. You agree to indemnify and hold Schwab harmless from any claims, losses, damages, or expenses (including reasonable attorneys' fees) caused by or related to any restriction placed on your Account or any transaction placed by you which violates such restriction. You agree to use the services to enter your orders if time is of the essence. It is your responsibility to choose (or change) the appropriate cost basis accounting method for your tax situation. You understand and acknowledge that Schwab will make such quarterly payments on behalf of your account only if you direct us in writing to make these payments, and if you notify us of the amount you wish us to pay each quarter. In no event will we be liable for any special, indirect, or consequential damages (even if we have been informed of the possibility of such damages), including, without limitation, loss of profits or revenue, except as may be required by applicable law. Member SIPC. For more complete information about a SchwabSweep Money Fund, including charges and expenses, read the fund's prospectus carefully. If you know or suspect that you have received an overpayment of funds or securities, or if you know or suspect that Schwab has not yet collected from your account a fee you have incurred, you agree to notify Schwab, in writing, as soon as you learn of the overpayment or uncollected fee. Schwab's failure to deduct fees from your Account at the time you incur those fees does not waive Schwab's right to deduct those fees from your Account at a later time. You have the right to liquidate fractional shares anytime, regardless of whether or not a call has been announced. You agree that confirmation of your wire instruction by telephone, or online through our website or by wireless device (which consists of both electronically authenticating and authorizing the wire instruction through encrypted channels), or our reliance on any password or other security procedure that you and we agree upon, shall be deemed to be a commercially reasonable security procedure, in light of the anticipated size, type, and frequency of your wire transfers. There are no account minimums to open your account. Dividends are reinvested on all securities you have selected that you own on the record date for determining shareholders eligible to receive dividends, as long as you still own any whole shares of such securities on the dividend payable date. When transferring assets from another firm, please be advised that we will not accept or honor any oral or written instructions from you to purchase or sell securities prior to our actual receipt of your assets and the completion of the transfer process. Schwab requires identity verification on new accounts before allowing certain money movements. Automated investing, professional advice or trade on your own. No portion of these fees will reduce or offset the fees otherwise due to Schwab in connection with the Account unless required by law. You agree to be bound by any affirmance, assent or agreement you transmit through the Electronic Services you access by computer, including, but not limited to, any consent you give to receive communications from us solely through electronic transmission. Accounts managed by an advisor will not be assigned to an IBL. We reserve the right to reverse the transaction pending receipt of payment from the fund. The company averages 6 million trades per day across 34 million client accounts worth $7.1 trillion. You further acknowledge that you have read, understood and agreed to be bound by the terms of: (i)the user license agreement of any Electronic Services-related software; and (ii)the terms of Schwab's brokerage account agreement(s) and any other agreement with Schwab that applies to your account(s), all as currently in effect and amended from time to time. Attempting to cancel and replace or change a market order through the Electronic Services can result in the execution of duplicate orders, which ultimately are your responsibility. The information, news, research, quotations, and other content available to you during the extended hours trading session is also subject to the "Use Agreement." You agree to indemnify and hold harmless Schwab, its affiliates, and their directors, officers, employees, and agents from and against all claims, actions, costs, and liabilities, including attorney's fees, arising out of or relating to: Schwab contacting your TCP; Schwab putting a temporary hold on disbursements of funds and/or securities from your account; and Schwab not contacting your TCP or placing temporary holds on disbursements of funds and/or securities from your account. If your equity falls below the applicable maintenance requirement, we may (but are not obligated to) notify you, by mail, telegram, telephone, or electronic or other means, of a margin call for an amount sufficient to bring your account up to the equity level we require. If you wish to try to change or cancel your market order, you agree to call a Schwab representative to assist you. When Schwab receives a request for a distribution from your Account, Schwab generally processes the request within two or three Business Days (unless the distribution is in connection with an unusual event such as death or divorce, in which case it generally will take longer to process the request). Schwab has no responsibility for your advisor's handling of checks, including but not limited to (i)the security or safekeeping of checks, (ii)your advisor's creation of electronic images of checks, (iii)the forwarding or transmission of checks or check images to us, and (iv)any ambiguity, inaccuracy or omission in any check-related information provided to us. Schwab 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. Some fees may be charged to a debit or credit card. Most cash distributions on eligible securities selected for participation in our Schwab StockBuilder Planmay be reinvested, including most regular dividends, capital gains distributions, and the like. We may process check images electronically or convert them into paper substitute checks based on the information your advisor provides. Your purchase and sale of mutual fund shares can be subject to additional fees the fund imposes, such as sales loads and contingent redemption fees, that are separate from, and in addition to, the transaction and other fees charged to you by Schwab. We set the Base Rate at our discretion with reference to commercially recognized interest rates, industry conditions relating to the extension of margin credit, and general credit market conditions. You authorize us to liquidate shares of any security, including, but not limited to, shares of any mutual funds or other entities whose shares are in a continuous offering ("funds") held for you that are not transferred to the issuer for any reason. If this happens, we will not send you a separate notice; we will notify you of these credits and charges on your Account statement. The electronically stored copy of your (or your agent's) signature, any written instructions or authorizations, the Account Application and the Agreement and Disclosures is considered to be a true, complete, valid, authentic and enforceable record, admissible in judicial, administrative or arbitration proceedings to the same extent as if the documents and records were originally generated and maintained in printed form. Christopher Spriggs's Phone Number and Email Last Update. You cannot amend or cancel a payment order after we receive it. You agree that Schwab may combine communications such as account statements, confirmations and other written communications related to account activity for your accounts in a manner that reduces the number of envelopes mailed to you. With the exception of applications commonly known as web browser software, or other applications formally approved by Schwab in writing, you agree not to use any software, program, application or any other device to access or log on to Schwab's computer systems, website or proprietary software or to automate the process of obtaining, downloading, transferring or transmitting any content, information or quotes to or from Schwab's computer systems, website or proprietary software. If Schwab charges you a fee for Research Reports, Schwab may assign this Agreement only with your consent, to the extent allowed by applicable law. The beneficiary may be you or another person. Schwab's services that provide the means to place trades electronically should not be construed as an endorsement or promotion of Day Trading. You agree we may charge your Account a processing fee for processing any court order, garnishment, levy, subpoena, or other legal process Schwab receives in connection with your Account. We will credit your account with the number of SCHW shares equal to the amount reinvested on your behalf divided by your price per share. Some securities may become the subject of tender or exchange offers, which are limited in time. You further agree that to the extent funds are not available, Schwab is authorized to liquidate any investments in your account necessary to generate the funds needed to satisfy your tax obligation. (See Float Disclosure for more information.). Schwab is able to effect these transactions without charging a transaction fee/commission because we receive remuneration from the registered investment company, exchange-traded product, and/or their affiliate for services rendered by Schwab in connection with these shares. The path to your financial goals begins at your Schwab branch. In voluntary reorganizations, instructions you give us will only be applied to your whole shares. If the termination age selected is different from the state's default age, the Custodian agrees and acknowledges that he (she) is responsible under UGMA or UTMA for determining the proper termination age and that Schwab is not responsible for doing so. You agree to pay, and are solely responsible for payment of, all fees charged to you by Schwab and/or any fund. The amount of additional collateral we require usually is an amount sufficient to raise your equity to Schwab's minimum maintenance requirement. Become aware of any loss, theft or unauthorized use of your access number, password or account number; or any unauthorized use of the services or the market data. You agree that Schwab may rely, without question or verification, on the values provided by the issuers or sponsors of Non-Publicly Traded Securities. With respect to any election you make in a corporate action while the Securities or Other Property in your Margin Account are lent to another borrowing counterparty, you understand that the borrower may vote the shares differently and/or make a different election. Fail to receive an accurate written confirmation of an order or its execution. This affiliation does not limit the authority of our representatives to provide you with information about any available investment vehicles, including third-party mutual funds that are not affiliated with Schwab. Accounts with less than $100 in cash 30 days prior to the termination of the custodianship will be closed and a check for the value of the Account will be mailed to the Custodian. Charles Schwab is a discount broker with service, education, trading tools and research that put it in the top tier of investment firms.
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