BROKERAGE PORTFOLIO /BROKERAGE ACCESS SM

Transcription

1 BROKERAGE PORTFOLIO /BROKERAGE ACCESS SM Account Establishment and Maintenance Instructions Complete this Brokerage Portfolio/Brokerage Access Account Establishment and Maintenance Instructions form together with the Brokerage Account Application. Both forms MUST be completed and properly submitted in order to establish a Brokerage Access or Brokerage Portfolio account. If you already have a brokerage account and are upgrading to a Brokerage Access or Brokerage Portfolio account (adding checkwriting and/or debit card features to your account), you do not need to complete the Brokerage Account Application. The enclosed Account Establishment and Maintenance Instructions and Customer Agreement (the Agreement ) describe the terms and conditions that govern the Brokerage Portfolio and Brokerage Access accounts ( Account ). Complete the enclosed form in order to: 1. Upgrade a brokerage account to a Brokerage Access or Brokerage Portfolio account. 2. Upgrade a Brokerage Access account to a Brokerage Portfolio account. 3. Add or Remove checkwriting privileges to/from a Brokerage Access or Brokerage Portfolio account. 4. Add or Remove a Visa Debit Card to/from a Brokerage Access or Brokerage Portfolio account. 5. Downgrade a Brokerage Portfolio or a Brokerage Access Account to a brokerage account. 6. Upgrade a Visa Classic or Visa Gold Debit Card to a Visa Platinum Debit Card with Rewards. Account Definitions BROKERAGE PORTFOLIO This account combines the following services in one convenient account. For a minimum total initial investment of $15,000, Brokerage Portfolio offers: Unlimited Checkwriting provided by PFPC Trust Company ( PFPC ), a subsidiary of PNC Financial Services Group, Inc. ( PNC ). Visa Gold Debit Card with access to over 600,000 Visa ATMs in the United States and 133 countries around the world. Debit card services are also provided by PFPC. Optional Visa Platinum Debit Card With Rewards and Platinum Cash Back, including all the benefits of the Visa Gold Debit Card (additional fee applies). Margin Borrowing Privileges* subject to the minimum equity and maintenance requirements outlined in the Margin Account Information section of the Agreement. Five No-Fee ATM Cash Withdrawals Each Month (additional ATM surcharges may apply). Other features may be available; talk with your Investment Representative. BROKERAGE ACCESS This account combines the following services in one account. For a minimum initial investment of $5,000, Brokerage Access offers: Limited Checkwriting provided by PFPC, a subsidiary of PNC. Minimum check amount of $500 (minimal fee may apply for checks written for less than $500). Fee for checkbook re-orders applies. Visa Classic Debit Card with access to over 600,000 Visa ATMs in the United States and 133 countries around the world. Annual fee applies. Debit card services are provided by PFPC. Margin Borrowing Privileges* subject to the minimum equity and maintenance requirements outlined in the Margin Account Information section of the Agreement. *NOTE: The margin feature is available only to those account registrations eligible and approved for margin trading. By completing the attached application, you will automatically be considered for margin privileges UNLESS you elect not to apply for margin in Section 4 of the application. 1

2 Instructions 1. ACCOUNT HOLDER INFORMATION Please complete this section for each account holder as appropriate. If there are more than 2 account holders, please complete the Account Information Addendum for Additional Account Holders on page UPGRADE/DOWNGRADE MY ACCOUNT Upgrading My Account If you are upgrading your brokerage account to a Brokerage Access or Brokerage Portfolio account, please indicate in Section 3 which services you would like to add to your account. Please note: It will take 7 to 10 calendar days for delivery of your checks and/or debit card. If you are upgrading from a Brokerage Access to a Brokerage Portfolio account, your checking account number will remain the same. If you have selected to upgrade your debit card in Section 3, your Brokerage Access Visa Classic Debit Card will be deactivated and a new Visa Gold or Platinum Debit Card (additional fee applies) will be ordered for you. Please note: It will take approximately 7 to 10 calendar days for delivery of your new debit card. Downgrading My Account If you are downgrading to a brokerage account, any Visa debit card as well as the checkwriting feature will be cancelled automatically upon receipt of this form by your Broker/Dealer. Any outstanding checks written against the account will be honored for a 30-day period after the feature is cancelled. After the 30-day period has ended, checks will be returned and not paid. You will be responsible for destroying your debit card and any remaining checks. Any existing margin privileges will remain on the account. If you are downgrading your Brokerage Portfolio account to a Brokerage Access account, your checking account number will remain the same. Additionally, you may need to select a new Core Money Market Mutual Fund or any other option that your Broker/Dealer makes available to you in Section 5, and your Visa Platinum Debit Card or Visa Gold Debit Card will be deactivated and a new Visa Classic Debit Card will be ordered for you. Please note: It will take approximately 7 to 10 calendar days for delivery of your new debit card. Please note: Any Visa Platinum Extras reward points will be forfeited upon deactivation of your Visa Platinum Debit Card. Therefore, you should consider spending all reward points prior to cancelling your Visa Platinum Debit Card, selecting a new debit card or downgrading your Brokerage Portfolio account. 3. ADD/REMOVE SERVICES Note: Certain services will be added/removed automatically as described in Section 2 above and do not need to be selected in this Section. Add Services Complete this section to add checkwriting or a debit card to your Brokerage Portfolio or Brokerage Access account. There are three types of debit cards available to Brokerage Access and/or Brokerage Portfolio account holders: Visa Classic Debit Card, Visa Gold Debit Card and Visa Platinum Debit Card. If you have already been issued a debit card and are requesting a different type of debit card, your existing card will be deactivated and a new debit card will be ordered for you, as specified in Sections 2 and 3. It will take approximately 7 to 10 calendar days for delivery of your new debit card. Remove Services Complete this section to remove checkwriting or a debit card from your account. If you have already been issued a debit card and would like to remove this service from your account (without selecting a new one), check the box in this section. 4. MARGIN PRIVILEGES You will automatically be considered for margin privileges UNLESS you elect not to apply for margin by checking the box in Section 4 of the application. NOTE: In order to remove margin privileges from an account, you need to submit written instructions stating your intentions to remove the feature. Once the feature is removed from your account, you will be required to submit a new margin application if you wish to reinstate the margin feature. 5. CORE ACCOUNT FUNDING OPTIONS This section allows you to select/change your core money market mutual fund, taxable interest-bearing credit option or any other options that are available. Consult with your Broker/Dealer about what options are available to you. This application must be preceded or accompanied by a prospectus of the selected money market mutual fund option. 6. SIGNATURES Before signing the Brokerage Portfolio/Brokerage Access Account Establishment and Maintenance Instructions form, please carefully read the Brokerage Portfolio/Brokerage Access Account Agreement. If you have selected to change your core fund in Section 5, please carefully read the accompanying prospectus. 2

3 ACCOUNT NUMBER BROKERAGE PORTFOLIO /BROKERAGE ACCESS SM Account Establishment and Maintenance Instructions Important Information To help the government fight the funding of terrorism and money-laundering activities, Federal law and contractual obligations to National Financial Services LLC ( NFS ) require that your Broker/Dealer verify your identity by obtaining your name, date of birth, address, and a government-issued identification number before opening your account. In certain circumstances, your Broker/Dealer may obtain and verify this information with respect to any person(s) authorized to effect transactions in an account. For certain entities, such as trusts, estates, corporations, partnerships, or other organizations, identifying documentation is also required. Your account may be restricted and/or closed if your Broker/Dealer cannot verify this information. Neither your Broker/Dealer nor NFS will be responsible for any losses or damages (including, but not limited to, lost opportunities) resulting from any failure to provide this information, or from any restriction placed upon, or closing of, your account. All items marked with this symbol are required. Applications that are missing required information will not be processed. The Brokerage Portfolio/Brokerage Access Account Establishment and Maintenance Instructions form allows you to upgrade a brokerage account to a Brokerage Portfolio/Brokerage Access account. It also allows you to add or remove checkwriting and debit card privileges to/from Brokerage Portfolio/Brokerage Access. You may also upgrade a Brokerage Access account to a Brokerage Portfolio account, upgrade a Visa Gold Debit Card to a Visa Platinum Debit Card, or downgrade a Brokerage Portfolio account to a Brokerage Access account with this form. By selecting to upgrade to a Brokerage Portfolio or Brokerage Access account, you will automatically be considered for margin trading privileges unless you indicate otherwise in Section 4. Please use one form per account. 1. GENERAL INFORMATION: ACCOUNT HOLDER Personal Information Account Holder 1 Please note: Account Holder information must match the existing account information. FULL LEGAL NAME first, middle, last DATE OF BIRTH mm/dd/yyyy OF CITIZENSHIP DAY PHONE EVENING PHONE SOCIAL SECURITY NO. TAPAYER ID NO. OF TA RESIDENCE TYPE OF GOVERNMENT-ISSUED ID ID NUMBER Single/Divorced/Widowed Married No. of Dependents: Legal Address No P.O. boxes STATE/ OF ID ISSUANCE ID ISSUANCE DATE ID EPIRATION DATE Mailing Address Same as Legal Address Employer Information and Affiliations Attach additional sheet if needed. Employment Status Employed Retired Not Employed OCCUPATION INCOME SOURCE If retired or not employed I am I am not a control person or affiliate of a public company under SEC Rule 144 (such as a director, 10% shareholder, or policy-making officer) or an immediate family or household member of such a person. If yes, provide name of company: EMPLOYER NAME CITY STATE ZIP I am I am not a senior foreign political figure, or a family member or close relative of a senior foreign political figure. I am I am not affiliated with, or employed by, a stock exchange or member firm of either an exchange, the NASD, or a municipal securities Broker/Dealer. If yes, provide name of entity: Same as My Employer. AFFILIATED ENTITY NAME CITY STATE ZIP

4 PRIMARY GENERAL ACCOUNT INFORMATION: HOLDER ACCOUNT continued HOLDER continued ACCOUNT NUMBER Personal Information Account Holder 2 Please note: Account Holder information must match the existing account information. FULL LEGAL NAME first, middle, last DATE OF BIRTH mm/dd/yyyy OF CITIZENSHIP DAY PHONE EVENING PHONE SOCIAL SECURITY NO. TAPAYER ID NO. OF TA RESIDENCE TYPE OF GOVERNMENT-ISSUED ID ID NUMBER Single/Divorced/Widowed Married No. of Dependents: Legal Address No P.O. boxes STATE/ OF ID ISSUANCE ID ISSUANCE DATE ID EPIRATION DATE Mailing Address Same as Legal Address Employer Information and Affiliations Attach additional sheet if needed. Employment Status Employed Retired Not Employed OCCUPATION INCOME SOURCE If retired or not employed I am I am not a control person or affiliate of a public company under SEC Rule 144 (such as a director, 10% shareholder, or policy-making officer) or an immediate family or household member of such a person. If yes, provide name of company: EMPLOYER NAME CITY STATE ZIP I am I am not a senior foreign political figure, or a family member or close relative of a senior foreign political figure. List additional Account Holders on page 7. I am I am not affiliated with, or employed by, a stock exchange or member firm of either an exchange, the NASD, or a municipal securities Broker/Dealer. If yes, provide name of entity: Same as My Employer. AFFILIATED ENTITY NAME CITY STATE ZIP 2. UPGRADE/DOWNGRADE MY ACCOUNT Upgrade my Account Downgrade my Account Upgrade my brokerage account to a Brokerage Portfolio account. Upgrade my Brokerage Access account to a Brokerage Portfolio account. Upgrade my brokerage account to a Brokerage Access account. Downgrade my Brokerage Portfolio account to a Brokerage Access account. Downgrade my Brokerage Portfolio or Brokerage Access account to a brokerage account. 3. ADD/REMOVE SERVICES TO MY ACCOUNT These services are only available to Brokerage Portfolio and Brokerage Access accounts. You will automatically be considered for margin privileges UNLESS you elect not to apply for margin in Section 4. ADD to my Account Debit Card Checkwriting Brokerage Portfolio Visa Gold Debit Card Brokerage Portfolio Visa Platinum Debit Card with Rewards (for U.S. residents only) Please note: Any Visa Platinum Extras reward points will be forfeited upon deactivation of your Visa Platinum Debit Card. Brokerage Access Visa Classic Debit Card Debit Card ONLY Do not order checks. Please indicate your card preference above. Please indicate how you want the information printed on your debit cards: Account Holder (One card issued to primary Account Holder with name as it appears on account registration) Account Holder and Joint Account Holder(s) (One card issued to each account holder with names as they appear on account registration) Please indicate how you want the information printed on your checks: Name(s) only as it appears on the account registration Name(s) and mailing address as they appear on the account registration Please sign the signature card(s) included with this application in order to receive your checks and/or debit card(s). REMOVE from my Account Debit Card Checkwriting 4

5 PRIMARY ACCOUNT HOLDER continued ACCOUNT NUMBER 4. MARGIN PRIVILEGES You will automatically be considered for margin privileges UNLESS you elect not to apply for margin by checking the box below. I DO NOT WANT TO BE APPROVED FOR MARGIN PRIVILEGES. 5. CORE ACCOUNT FUNDING OPTIONS Please contact your Broker/Dealer for a selection of available core account options. If you do not choose a fund for your Core Account, your Broker/Dealer may invest your credit balances in a taxable interest-bearing credit account or its default fund choice while awaiting reinvestment. CORE FUND SYMBOL 6. SIGNATURES To: My Broker/Dealer and National Financial Services LLC ( NFS, together with my Broker/Dealer, You ) I ACKNOWLEDGE THAT I HAVE READ, UNDERSTOOD, AND AGREE TO THE TERMS SET FORTH IN THE BROKERAGE PORTFOLIO/BROKERAGE ACCESS CUSTOMER AGREEMENT AND REQUEST THAT YOU ACCEPT ONE OR MORE ACCOUNTS IN MY NAME. I am at least 18 years of age and of full legal age in the state in which I reside, and I am authorized to enter into this agreement. I understand that, upon issuer s request in accordance with applicable rules and regulations, you will supply my name to issuers of any securities held in my account so I might receive any important information regarding them, unless I notify you in writing not to do so (you may not be able to object to this disclosure for certain securities issued by investment companies that are registered under the Investment Company Act of 1940 or as required by applicable law). I understand that telephone calls to you may be recorded, and I consent to such recording. I have indicated on the signature card the account holder(s) to whom checks and/or a debit card should be issued (names will appear as they appear on the account registration). Checks and/or debit cards will be mailed to the account holder s legal address. I hereby select the core funding option listed in Section 5 as my core account for automatic trade settlement and hereby acknowledge that I have received and read the prospectus for this fund. I UNDERSTAND THAT IF I ELECT TO CHANGE MY CORE FUNDING OPTION, MY EISTING CORE FUND SHARES WILL BE LIQUIDATED AND SHARES OF THE NEWLY SELECTED CORE FUND WILL BE PURCHASED. The following clause referring to lending of securities applies only to those accounts eligible and approved for margin: YOU ARE HEREBY AUTHORIZED TO LEND, HYPOTHECATE OR REHYPOTHECATE SEPARATELY, OR WITH THE PROPERTY OF OTHERS, EITHER TO YOURSELVES OR TO OTHERS, ANY PROPERTY YOU MAY BE CARRYING FOR ME ON MARGIN. THIS AUTHORIZATION SHALL APPLY TO ALL MY BROKERAGE ACCOUNTS YOU CARRY AND SHALL REMAIN IN FULL FORCE UNTIL YOU RECEIVE FROM MY BROKER/DEALER WRITTEN NOTICE OF MY REVOCATION AT YOUR PRINCIPAL OFFICES. Please check which of the following applies: I certify under penalties of perjury that: (1) I am a U.S. person (including a U.S. resident alien) and the Taxpayer Identification Number provided above is correct (or I am waiting for one to be issued to me), and (2) I am not subject to backup withholding because (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding for failure to report all interest or dividends, or (c) I have been notified by the IRS that I am no longer subject to backup withholding. (Cross out item 2 if it does not apply to you.) I am not a U.S. person and am submitting IRS Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding, with this form to certify my foreign status and, if applicable, claim tax treaty benefits. To obtain a Form W-8BEN, please consult your tax advisor or go to the IRS web site at I REPRESENT THAT I HAVE READ THE TERMS AND CONDITIONS CONCERNING THIS ACCOUNT AND AGREE TO BE BOUND BY SUCH TERMS AND CONDITIONS AS CURRENTLY IN EFFECT AND AS MAY BE AMENDED FROM TIME TO TIME. I ACKNOWLEDGE RECEIPT OF THE MARGIN DISCLOSURE STATEMENT AND THE DISCLOSURE OF CREDIT TERMS ON TRANSACTIONS. THIS ACCOUNT IS GOVERNED BY A PRE-DISPUTE ARBITRATION CLAUSE, WHICH IS FOUND ON PAGE 11 OF THE CUSTOMER AGREEMENT. I ACKNOWLEDGE RECEIPT OF THE PRE-DISPUTE ARBITRATION CLAUSE. The Internal Revenue Service does not require your consent to any provision of this document other than the certifications required to avoid backup withholding. SIGNATURES 1. ACCOUNT HOLDER/CUSTODIAN SIGNATURE DATE mm/dd/yyyy 2. ACCOUNT HOLDER SIGNATURE DATE mm/dd/yyyy 3. ACCOUNT HOLDER SIGNATURE DATE mm/dd/yyyy 4. ACCOUNT HOLDER SIGNATURE DATE mm/dd/yyyy 5. ACCOUNT HOLDER SIGNATURE DATE mm/dd/yyyy 6. ACCOUNT HOLDER SIGNATURE DATE mm/dd/yyyy For Branch Use Only PRINCIPAL APPROVAL NAME SIGNATURE DATE mm/dd/yyyy REGISTERED REPRESENTATIVE NAME SIGNATURE DATE mm/dd/yyyy National Financial Services LLC, Member NYSE, SIPC (05/06) 5

6 *NOTE: Account Establishment Qualifications For Authorized Signers For Individual and Joint accounts, to qualify as an authorized signer, each signer must be an account holder as indicated on the account registration and sign the signature card. For Trusts, Corporations, and all other account types, to qualify as an authorized signer, each signer must be an authorized individual as listed on the account registration and also on all required supplemental documentation (e.g., Trust Certification of Investment Powers, Corporate Resolution). For Custodial accounts, the only permissible authorized signer is the Custodian as indicated on the account registration. Account Maintenance Modifying Authorized Signers For Individual and Joint accounts, complete the Brokerage Access or Brokerage Portfolio Checkwriting and/or Debit Card Delegation Form ( ) to add authorized signer(s) or delegate checkwriting and/or debit card authority to a third party. This form includes the required Signature Card. For Trusts, Corporations and other account types, all required supplemental documentation (e.g., Trust Certification of Investment Powers, Corporate Resolution) must be updated and submitted with a new Signature Card and Letter of Instruction to your Broker/Dealer. For Custodial accounts, an authorized signer CANNOT be added to the account. Please sign the signature card(s) included with this application in order to receive your checks and/or debit card(s). Signature Card Please use blue or black ink when preparing and signing the signature card. All account holders authorized to write checks must sign the signature card. Name and Address (as they appear on your account registration) NAME Indicate the number of signatures required on all checks. If neither box is checked, only one signature will be required. One Must Sign Indicate if this is a: Two Must Sign New Account Change to an Existing Account Authorized Signatures (See NOTE above) 1. SIGNATURE DATE mm/dd/yyyy 2. SIGNATURE DATE mm/dd/yyyy 3. SIGNATURE DATE mm/dd/yyyy 4. SIGNATURE DATE mm/dd/yyyy 5. SIGNATURE DATE mm/dd/yyyy 6. SIGNATURE DATE mm/dd/yyyy For Branch Use Only BROKERAGE ACCOUNT NUMBER (TO BE COMPLETED BY BROKER) CHECKING ACCOUNT NUMBER (TO BE COMPLETED BY NEW ACCOUNTS) 6

7 GENERAL INFORMATION: ACCOUNT HOLDER continued Primary ACCOUNT HOLDER continued ACCOUNT NUMBER ACCOUNT INFORMATION: ADDENDUM FOR ADDITIONAL ACCOUNT HOLDERS Personal Information Account Holder 3 FULL LEGAL NAME first, middle, last SOCIAL SECURITY NO. TAPAYER ID NO. DATE OF BIRTH mm/dd/yyyy I am I am not a control person or affiliate of a public company under SEC Rule 144 (such as a director, 10% shareholder, or policy-making officer) or an immediate family or household member of such a person. If yes, provide name of company: Personal Information Account Holder 4 FULL LEGAL NAME first, middle, last SOCIAL SECURITY NO. TAPAYER ID NO. DATE OF BIRTH mm/dd/yyyy I am I am not a control person or affiliate of a public company under SEC Rule 144 (such as a director, 10% shareholder, or policy-making officer) or an immediate family or household member of such a person. If yes, provide name of company: Personal Information Account Holder 5 FULL LEGAL NAME first, middle, last SOCIAL SECURITY NO. TAPAYER ID NO. DATE OF BIRTH mm/dd/yyyy I am I am not a control person or affiliate of a public company under SEC Rule 144 (such as a director, 10% shareholder, or policy-making officer) or an immediate family or household member of such a person. If yes, provide name of company: Personal Information Account Holder 6 FULL LEGAL NAME first, middle, last SOCIAL SECURITY NO. TAPAYER ID NO. DATE OF BIRTH mm/dd/yyyy I am I am not a control person or affiliate of a public company under SEC Rule 144 (such as a director, 10% shareholder, or policy-making officer) or an immediate family or household member of such a person. If yes, provide name of company: National Financial Services LLC, Member NYSE, SIPC (05/06) 7

8 Brokerage Portfolio/Brokerage Access Account Customer Agreement Customer Agreement To: My Broker/Dealer and National Financial Services LLC ( NFS, together with my Broker/Dealer, You ) ACCOUNT FEATURES Securities Account Upon application and approval, I understand that my Securities Account will be a margin account with NFS maintained for the primary purpose of purchasing, selling, or holding securities and other investments. Any margin credit is extended by NFS in accordance with its then-prevailing margin credit policies. I have carefully reviewed the margin sections of this Agreement and determined that margin financing, should I choose to use it, is appropriate for me. If I do not currently have margin privileges in my Brokerage Portfolio/Brokerage Access account (or brokerage account) listed on page 3, I understand I will automatically be considered for margin privileges. I also understand that margin trading is not required and that I may choose not to apply for margin in Section 4 of the application. My Securities Account is designed to enable me to actively engage in securities investment activity. While there is no current minimum balance requirement other than industry regulation, I understand that my Broker/Dealer will periodically review my account activity, and reserves the right to charge reasonable inactivity fees or to close or transfer my account to a different brokerage account with different fees and services. My Broker/Dealer will notify me before any changes or charges are imposed. Core Account Any new deposits or proceeds from transactions are promptly credited to my core account subject to prior payment by you and on my behalf of any outstanding margin loan balances, card overdrafts, or other debit items arising from card usage or obligation in my account including, but not limited to, Securities Account settlements. The core account may be a money market fund, a taxable interest-bearing credit account, or any other option my Broker/Dealer makes available to me. All core account fund investments must meet the investment minimums as described in the fund s prospectus. If I do not choose a money market fund as the investment vehicle for my core account, at the discretion of my Broker/Dealer, my credit balances will either be invested in a default money market fund that my Broker/Dealer determines, or held in a taxable interest-bearing credit account also chosen by my Broker/Dealer. If I have chosen a money market fund for my core account, credits are automatically swept into that fund. Amounts of $1.00 or more are swept daily; amounts under $1.00 are swept weekly. My account statement details all activity in the core account money market funds. This is provided in lieu of a confirmation that might otherwise be provided to me with respect to those transactions. Core money market fund dividends are paid as described in the fund s prospectus. If I choose a different money market fund for my core account in the future, these provisions will still apply. I agree that I will obtain and read the prospectus before investing any money in a core money market fund. An investment in any money market fund is not guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of my investment at $1 per share, it is possible to lose money by investing in the fund. Investments by check to the core money market fund will also be credited, daily for amounts over a $1.00 and weekly for amounts less than a $1.00, and will earn dividends as described in the fund s prospectus prior to the final collection of the checks. Note that with check deposits, money held in a taxable interest-bearing account and proceeds of the sale of core fund shares purchased by check may not be available for use for up to four business days. Such withholding may result in dishonor of checks or rejection of card transactions or other debit items if monies are not otherwise available within the brokerage account or Brokerage Access account. Shares of the core money market fund will be redeemed at their net asset value, and I agree that such shares shall be automatically redeemed to satisfy debit balances in the Securities Account, debit card or check usage, electronic funds transfers, overdrafts, and other authorized debit items. Credits held in a taxable interest-bearing credit account may earn interest at the discretion of my Broker/Dealer. If interest is paid, minimum balances may apply and rates may change either at the discretion of my Broker/Dealer or NFS without prior notice to me. To learn more about interest rates and calculations for credits held in a taxable interestbearing credit account, I understand that NFS suggests that I speak to my Broker/Dealer representative. I understand that credits held in an interest-bearing credit account are cash balances awaiting reinvestment. If I so elect, and upon my telephoned instructions, monies representing the redemption of Core Fund shares may be transferred to a bank account designated by me. Such monies shall be submitted, at my election, via the Federal Reserve Wire System or an automated clearinghouse system. Except as otherwise limited by federal or state law, I hereby ratify any such actions and agree that neither you nor a fund s transfer agent will be liable for any loss, liability, cost, or expense (i) so long as they have acted in accordance with the procedures set forth herein or in the applicable fund prospectus, or (ii) for acting upon instructions with respect to money transfers given by any person if believed to be genuine, provided monies are transferred to the bank account designated by me. I have received and read a copy of the prospectus of the Core Fund selected by me, containing a more complete description of it and its operations. Additionally, I hereby ratify any instructions given on this account and any account into or from which I exchange, and agree that neither you nor the fund s transfer agent will be liable for any loss, cost or expense for acting upon such instructions (by telephone or writing) believed by them to be genuine and in accordance with the procedures described in the fund prospectus. I understand that it is my responsibility to read the prospectus of any other fund into which I exchange. Written instructions should be signed by all account holders. Account Fee I understand that I will be charged an account service fee for each month in which I maintain my Brokerage Portfolio account or Brokerage Access account with Visa Classic Debit Card, that the amount of the fee may be changed, and that the Core Fund will assume various charges in connection with the Brokerage Portfolio account or Brokerage Access account with Visa Classic Debit Card. I further understand that for any special services that are not part of the regular Brokerage Portfolio or Brokerage Access account and that are requested by me and performed by my Broker/Dealer, I will pay any customary service charges. Payment of Items I understand that all debit items, including checks, debit card transactions, Securities Account transactions, other account charges, and other transactions will be accumulated daily, and that NFS will make payment of these items on my behalf to the extent sufficient funds are available. I will 8 maintain sufficient assets in my account to satisfy all obligations as they become due. As used in this Agreement, the total of cash, Core Fund balances, and margin loan value shall be the Collected Balance. I understand that payment of any debit item in my account will be made, first, from any cash balance available that day (defined as cash available to me on demand without giving rise to margin interest charges), and second, when I have no remaining cash balance, from shares available in my Core Fund, and third, from any available margin loan value of my marginable securities. In the event margin credit is extended by NFS, interest will accrue beginning on the date credit is extended and is subject to the terms of the Margin Account Agreement portion of this Agreement. Payments for debit items will be made on my behalf in the following order as they become due: First, securities transactions (including margin calls if applicable) and other account fees; Second, debit card transactions; and Third, my brokerage account, Brokerage Access account, or Brokerage Portfolio account checks. NFS and my Broker/Dealer shall not be responsible for the dishonor of any transaction due to an insufficient Collected Balance. Other transactions that I initiate or to which I have consented, including debit card authorizations, may also reduce the Collected Balance in my account. Due to the transmission time of certain data between financial institutions, debit card transactions may be limited even if funds were contributed or released to the account the previous business day. I understand that in the event any liability arises in my account that remains unpaid after payment is requested of me, NFS and my Broker/Dealer shall have the right to sell, liquidate, transfer, redeem, or otherwise apply any asset, money, property, security, or shares that I may now or ever have an interest in for the purpose of satisfying that obligation. No further demand or notice shall be required prior to taking such an action. Termination of Features Obligations arising under this Agreement shall survive the termination of this account as described in the Termination of Account section. OPTIONAL FEATURES Checkwriting Privileges I understand that by electing the checkwriting privilege for my account, I may write checks on the checking account established on my behalf at PNC Bank, N.A., a subsidiary of PNC, which shall be governed by the rules of the bank and applicable state and federal law. I also understand that I may be charged a nominal fee for check reorders, and I will be charged customary fees for events or services such as stop payment requests, dishonored checks, copies of checks, or excessive checkwriting activity. I understand that checks will be dishonored if the Collected Balance in my account is insufficient to honor a check in full, and NFS, my Broker/Dealer and PNC Bank, N.A. are not liable to me for any consequences of such dishonor. Debit Card I understand that if I apply for the debit card feature, and upon receipt of my application, PNC Bank, Delaware, a subsidiary of PNC, will issue a card to me and I am responsible for all card usage. I authorize NFS to debit my account to satisfy card transactions upon notice from PFPC. I understand that regardless of the Collected Balance in my account on a particular day, total debit card

9 transactions (including merchant transactions, authorizations, and ATM withdrawals) may not exceed $30,000 per day and may be lower in some cases (additional rules such as single transaction limits and total daily transactions may be imposed by PFPC). Maximum ATM cash daily withdrawal amount is limited to $1,500 (some ATMs may impose lower daily limits). I also understand that debit card authorizations will reduce my Collected Balance but may not result in a completed debit card transaction. I further understand that my usage of the debit card will be governed by the Debit Card Agreement and Disclosure Statement for this service and applicable state and federal law. This agreement will be mailed to me with my debit card. Platinum Cash Back Program The Platinum Cash Back Program ( Cash Back Program ) pays me interest on eligible debit card transactions posted to my account. Eligible debit card transactions are debit card purchases made on the Brokerage Portfolio Visa Platinum Debit Card on or after July 1, Debit card cash advances and cash withdrawals, as well as debit card purchases posted to an account that has been downgraded or closed, are not eligible to earn interest. The Cash Back Program is automatically available only to Brokerage Portfolio Visa Platinum Debit Card users. Non-resident Aliens (NRAs) are not eligible for the Brokerage Portfolio Visa Platinum Debit Card or the Cash Back Program. Interest calculations begin at the time purchase amounts post to my Core account and end on the last business day of the month or on the date that the account is downgraded or closed. Purchase amounts are captured as they post to the Core Account and a daily NF Credit Rate is applied. The NF Credit Rate, set at the discretion of NFS, is based on the Fed Funds rate and can change without notice to me. Interest on purchase amounts is calculated and stored for every day of the week (including weekends). Friday's NF Credit Rate is used to determine Saturday and Sunday's interest amount. On the last business day of the month, all interest earned is totaled and credited to my account. Standard tax withholding on interest earned will apply. I understand that I should consult my tax advisor. If withholding applies, interest credits will be taxed as "Other Income" and will appear on tax form 1099 MISC. The "Platinum Cash Back" section of my monthly statement will summarize interest credits applied to my account for the current statement period and year-to-date. Actual interest credit transaction will display in the Other Additions and Withdrawals section of the statement. If I have questions regarding the way interest payments are reflected on my statement, I understand that I should consult with my investment representative. NFS reserves the right to terminate or amend the terms and conditions of the Cash Back Program at any time. Prior to the effective date of any such amendment or termination, NFS shall provide notice to me. Lost Debit Cards or Checks I agree to notify PNC Bank, Delaware or its designee, PFPC, immediately upon the loss or theft of debit cards or checks associated with my account. SECURITIES ACCOUNT References to the margin feature of the account in the following sections apply only to those accounts which are eligible and approved for margin. All other provisions apply to all accounts. Nature of Services Provided Upon acceptance of my application(s), I understand my Broker/Dealer will maintain an account for me at NFS, and my Broker/Dealer may buy or sell securities or other products according to my instructions. All decisions relating to my investment or trading activity shall be made by me, my Broker/Dealer or my duly authorized representative. To help the government fight the funding of terrorism and money-laundering activities, Federal law and contractual obligations to National Financial Services LLC ( NFS ) require that my Broker/Dealer obtain my name, date of birth, address and a government-issued identification number before opening my account to verify my identity. In certain circumstances, my Broker/Dealer may obtain and verify this information with respect to any person(s) authorized to effect transactions in an account. For certain entities, such as trusts, estates, corporations, partnerships or other organizations, identifying documentation is also required. My account may be restricted and/or closed if my Broker/Dealer and/or NFS cannot verify this information. Neither my Broker/Dealer nor NFS will be responsible for any losses or damages (including, but not limited to, lost opportunity) resulting from any failure to provide this information, or from any restriction placed upon, or closing of, my account. Any information I provide to my Broker/Dealer may be shared by my Broker/ Dealer and/or NFS with third parties for the purpose of validating my identity and may be shared for other purposes in accordance with any applicable privacy policy of my Broker/Dealer and the National Financial Services LLC Privacy Policy. Any information I give to my Broker/Dealer may be subject to verification, and I authorize my Broker/Dealer and/or NFS to obtain a credit report about me at any time. Upon written request, I will be provided the name and address of the credit reporting agency used. My Broker/Dealer and/or NFS also may monitor or tape-record conversations with me in order to verify data about any transactions I request, and I consent to such monitoring or recording. Upon written request, NFS or my Broker/Dealer will provide the name and address of the credit reporting agency used. I authorize NFS, my Broker/Dealer, and PNC to exchange credit information about me. You also may tape-record conversations with me in order to verify data concerning any transactions I request, and I consent to such recording. I also understand that my account(s) is (are) carried by NFS, and I agree that all terms of this agreement also apply between me and NFS. I understand that all Brokerage Portfolio/Brokerage Access accounts include a margin account application. Although I will automatically be considered for margin privileges, I understand that margin trading is not required and that I may choose not to apply for margin in Section 4 of the application. I understand that margin trading is not for everyone, and I will examine my financial resources, investment objectives and tolerance for risk to determine whether margin trading is appropriate for me. Accordingly, I may choose not to apply for this margin privilege. I understand that investing on margin involves the extension of credit to me and that my financial exposure could exceed the value of securities in my account. I agree to notify my Broker/Dealer in writing of any material changes in my financial circumstances or investment objectives. If I do not want to purchase securities on margin but instead prefer to pay for my transactions in full, I must make payment by the settlement date shown on the transaction confirmation. Applicable Rules and Regulations All transactions are subject to the constitution, rules, regulations, customs, and usages of the exchange, market or clearinghouse where executed, as well as to any applicable federal or state laws, rules and regulations. 9 Account Protection Securities in accounts carried by National Financial Services LLC ( NFS ), a Fidelity Investments company, are protected in accordance with the Securities Investor Protection Corporation ( SIPC ) up to $500,000 (including cash claims limited to $100,000). For details, please see NFS has arranged for additional protection for cash and covered securities to supplement its SIPC coverage. This additional protection covers total account net equity in excess of the $500,000/$100,000 coverage provided by SIPC. Neither coverage protects against a decline in the market value of securities. Joint Accounts If this is a joint account, I refers to all account holders, and each of the account holders jointly and severally agrees that any account holder has authority on behalf of the joint account to: Buy, sell (including short sales) and otherwise deal in stocks, bonds, options, and other eligible securities or other investments on margin or otherwise; Receive demands, notices, confirmations, reports, statements of account, and communications of every kind on behalf of the joint account; Receive money, securities, and property of every kind and dispose of the same on behalf of the joint account; Make agreements relating to any of the foregoing matters and to terminate, modify, or waive any of the provisions of the agreement on behalf of the joint account; and Deal with my Broker/Dealer as fully and completely as if he (she) alone were interested in this account and without notice to the other account participants. All obligations and liabilities arising under this account are joint and several and may be enforced by my Broker/Dealer or NFS against any or all account holders. My Broker/Dealer is authorized to follow the instructions of any joint account holder, without notice to any other account holder, in every respect and to deliver any or all monies, securities or other property to any joint account holder upon the instructions of any joint account holder, or to any other person upon such instructions, even if such delivery or payment is to that joint account holder personally and not to the other(s). My Broker/Dealer will be under no obligation to inquire into the purpose or propriety of such delivery or payment and is not bound to inquire into the disposition or application of such delivery or payment. This authority remains in force until written notice to the contrary is addressed to my Broker/Dealer and delivered to its office. My Broker/Dealer or NFS, in their sole discretion and for their sole protection, may terminate the account upon receipt of such notice and may require the written consent of all account holders before acting upon the instructions of any account holder. Settlement of Transactions I agree to make available to my Broker/Dealer collected funds in an amount sufficient to cover the amount due on all transactions by 2 p.m. Eastern Time on settlement date, and I agree to deliver my securities I have in my possession in sufficient time to be received by my Broker/Dealer one day before settlement date. My Broker/Dealer and NFS reserve the right to cancel or liquidate at my risk any transaction not timely settled. Payment for Order Flow My Broker/Dealer or NFS transmits customer orders for execution to various exchanges or market centers based on a number of factors. These include: size of order, trading characteristics of the security, favorable execution prices (including the opportunity for price improvement), access to reliable market data, availability of efficient automated transaction processing and reduced execution costs through

10 price concessions from the market centers. Certain of the market centers may execute orders at prices superior to the publicly quoted market in accordance with their rules or practices. While a customer may specify that an order be directed to a particular market center for execution, the order-routing policies, taking into consideration all of the factors listed above, are designed to result in favorable transaction processing for customers. My Broker/Dealer and/or NFS receives remuneration, compensation or other consideration for directing customer orders for equity securities to particular Broker/Dealers or market centers for execution. Such consideration, if any, takes the form of financial credits, monetary payments or reciprocal business. Please Note: Orders placed through any telephone, electronic, or online trading systems cannot specify a particular market center for execution. Purchase of Precious Metals If I direct my Broker/Dealer to purchase precious metals for me, I understand: a) the Securities Investor Protection Corporation (SIPC) does not provide protection for precious metals, but if stored through NFS, they are insured by the depository at market value; b) precious metals are not marginable; c) precious metal investments can involve substantial risk due to rapid and abrupt price changes and, therefore, my Broker/Dealer and NFS cannot guarantee an advantageous purchase or liquidation price; and d) if I take delivery of my metals, I am subject to delivery charges and applicable sales and use taxes. Choice of Marketplace When securities may be traded in more than one marketplace, NFS may use its discretion in selecting the market in which to place my order. MARGIN ACCOUNT AGREEMENT Margin Requirements; Liquidation I will maintain such margins as you require in your discretion at any time and will pay on demand any debit balance owing on any of my accounts. If any account is liquidated in whole or in part by you or me to satisfy the debt, I will be liable to you for any deficiency and shall make payment of such deficiency upon demand. Margin calls are due on the date indicated regardless of the settlement date of the transaction. For most stocks and bonds, the settlement date is the third business day following the trade date. Settlement dates for U.S. government issues vary. Options settle on the next business day. Interest will be charged on any debit balance that remains in my account past the settlement date as explained in the attached Disclosure of Credit Terms on Transactions. Whenever in your discretion you deem it desirable for your protection (and without the necessity of a margin call), including, but not limited to: extreme market volatility or trading volumes; an instance where a petition in bankruptcy or for the appointment of a receiver is filed by or against me; an attachment is levied against my account; in the event of notice of my death or incapacity; or in compliance with the orders of any exchange, market or clearinghouse, you may, without prior demand, tender, and without any notice of the time and place of sale, all of which are expressly waived, sell any or all securities or related contracts that may be in your possession, and at your selection, or which you may be carrying for me, or buy any securities or related contracts of which my account or accounts may be short, in order to close out in whole or in part any commitment on my behalf. You also may place stop orders with respect to such securities, and such sale or purchase may be made at your discretion on any exchange or other markets during regular or extended trading sessions where such business is then transacted, or at public auction or private sale, with or without advertising, and neither any demands, calls, tenders or notices which you may make or give in any one or more instances nor any prior course of conduct or dealings between us shall invalidate the aforesaid waivers on my part. You shall have the right to purchase for your own account any or all of the aforesaid property at such sale, discharged of any right of redemption which is hereby waived. Additional Collateral You may request additional collateral in the form of marginable securities or cash whenever you deem it necessary or advisable at your sole discretion, or if there is a decline in the market value of securities in the margin account. All securities in any of my accounts are collateral for debit balances in this account, and a lien is created by these debits to secure the amount owed you. This means securities in these accounts can be sold by you to redeem or liquidate any debit balances in these accounts. Rate of Interest I agree to be charged interest on any credit NFS extends to, or maintains for, me for purchasing, trading, or carrying securities. The annual rate of interest which will be charged on average debit balances will be calculated by a formula as disclosed in the attached Disclosure of Credit Terms on Transactions and, therefore, is subject to change without notice in accordance with changes in the base rate. Calculated by computer, the interest on combined balances from all cash and margin accounts is arrived at by multiplying the average debit balance by the effective rate of interest divided by 360, times the number of days a daily debit balance was maintained during the interest period. Interest is computed monthly on the average debit balances during the month. If rates change during the month, separate charges will be shown for each interest period under the different rate. With the exception of credit balances in the Short Account and Income Account, all other balances in all of my accounts are combined to determine the daily balance, and interest is charged to the margin account based on the average of any resulting daily debit balances. I agree that, in giving orders to sell, all short sale orders will be designated as short and all long sales orders will be designated as long, and that the designation of a sell order as long is a representation on my part that I own the security and that I have delivered or will deliver by settlement date such security to you. GENERAL ACCOUNT INFORMATION Security Interest: Loan of Margin Securities Any credit balances, securities, assets or related contracts, and all other property in which I may have an interest held by NFS or carried for my accounts shall be subject to a general lien for the discharge of my obligations to you (including unmatured and contingent obligations), and you may sell, transfer, or assign any such assets or property to satisfy a margin deficiency or other obligation whether or not you have made advances with respect to such property. Without notice to me, such property may be carried in your general loans, and all securities may be pledged, repledged, hypothecated, or rehypothecated separately or in common with other securities or any other property for the sum due to you, or for a greater sum, and without retaining in your possession and control for delivery a like amount of similar securities or other property. At any time in your discretion, you may, without notice to me, apply and/or transfer any securities, related contracts, cash or any other property interchangeably between my accounts, whether individual or joint, from any of my accounts to any account guaranteed by me. You are specifically authorized to transfer to my cash account, on the settlement day following a purchase made in that account, excess funds available in any of my accounts, including, but not limited to, any free balances in any margin account sufficient to make full 10 payment of this cash purchase. I agree that any debit occurring in any of my accounts may be transferred by you at your option to my margin account. In return for your extension or maintenance of credit in connection with my account, I acknowledge that the securities in my margin account, together with all attendant rights of ownership, may be lent to you or lent by you to others. In connection with such loans and in connection with securities loans made to me to facilitate short sales, you may receive and retain certain benefits to which I will not be entitled. Such loans may limit, in whole or in part, my ability to exercise voting rights and/or my entitlement to interest, dividends, and/or other distributions with respect to the securities lent. I understand that, while a security in my account is lent to you or to others, the borrower or the party to whom the borrower has sold the security may be entitled to interest, dividends, and/or other distributions, and I may be allocated and receive substitute payments in lieu of such interest, dividends, and/or other distributions. I understand that substitute payments may not be afforded the same tax treatment as actual interest, dividends, and/or other distributions, and that I may incur additional tax liability for substitute payments that I receive. NFS may allocate substitute payments in any manner permitted by law, rule, or regulation, including, but not limited to, means of a lottery allocation method. I acknowledge that I am not entitled to any compensation in connection with securities lent from my account or for additional taxes I may be required to pay as a result of any tax treatment differential between substitute payments and actual interest, dividends, and/or other distributions. I will not buy or sell any securities of a corporation of which I am an affiliate or sell any restricted securities except in compliance with applicable laws and regulations and upon notice to my Broker/Dealer that the securities are restricted. Payment Upon Demand I am liable for payment upon demand of any debit balance or other obligation owed in any of my accounts or any deficiencies following a whole or partial liquidation, and I agree to satisfy any such demand or obligation. Interest will accrue on any such deficiency at prevailing margin rates until paid. I agree to reimburse my Broker/Dealer and NFS for all reasonable costs and expenses incurred in the collection of any debit balance or unpaid deficiency in any of my accounts, including, but not limited to, attorneys fees. By signing this Agreement, I hereby grant to NFS and its affiliates, to secure the payment and performance in full of all of the Obligations (as hereinafter defined), a security interest in and pledge and assign to NFS and its affiliates the following properties, assets and rights, whether now owned or hereafter acquired or arising, whether individually or jointly owned and/or held by me with others, and all proceeds and products thereof (all of the same being hereinafter called the Property ): any and all securities and other investment property (including investment company securities and securities accounts), monies, credit balances, assets or related contracts and deposit accounts, to the extent any of the foregoing may now or hereafter be (i) held, carried and/or maintained by NFS and/or any of its affiliates, (ii) held, carried or maintained by NFS and/or any of its affiliates through any correspondent Broker/Dealer of NFS ( Broker/Dealer ), (iii) in the possession or control of NFS or any of its affiliates for any purpose, including for safekeeping, or (iv) held, carried or maintained or in the possession or control of the Fidelity Group of Funds or any sub transfer agent of the Fidelity Group of Funds. All terms defined in the Uniform Commercial Code of the Commonwealth of Massachusetts and used herein shall have the same definitions herein as specified therein; however, if a term is defined in Article 9 of the Uniform Commercial Code of the Commonwealth of Massachusetts differently than in another Article of the Uniform Commercial Code of the Commonwealth of Massachusetts, the term has the meaning specified in Article 9. For purposes