Common use of Informal Trust or Nominee Account Agreement Clause in Contracts

Informal Trust or Nominee Account Agreement. If you are opening an informal trust or nominee Account in the name of a nominee, the informal trust or nominee Account and all Transactions are also governed by this Agreement as well as by the following terms: ● Your liability to the Firm under this Account shall be as the beneficial owner of the Account and not as a trustee. ● The Firm has no responsibility to observe the terms of any trust, whether written, verbal, implied, or constructive that may exist between the undersigned and the nominee. ● You agree to indemnify the Firm against loss, claim, damages, liability, and expense arising from instructions given by you, the trust or nominee including any legal costs if the nominee should make any legal claim against the Firm. ● You agree that the Firm shall receive instructions only from you or WSI to operate the Account including: ○ To receive instructions for the Account including the address for receipt of confirmations, statements and other communications; ○ To deposit any securities or monies; ○ To request payment or securities from the Account to be made or delivered to you, and to give a receipt for same; ○ To receive and acquiesce in the correctness of any and all notices of Transactions, statements of Account and other records and documents; ○ To settle, compromise, adjust, and give releases with respect to any and all claims, demands, disputes or controversies; and, ○ To receive requests and demands for payments or securities due, notices of intention to sell or purchase and other notices of demands. ● For the purposes of this section of this Agreement, this Agreement is binding on the Firm, its successors and assigns and on you and the nominee’s heirs, executors, administrators or legal representatives, in the event of your death, bankruptcy or mental incompetency. This Agreement shall continue to govern the Account in the event of death, bankruptcy, or mental incompetency of the nominee.

Informal Trust or Nominee Account Agreement. If you are opening an informal trust or nominee Account in the name of a nominee, the informal trust or nominee Account and all Transactions are also governed by this Agreement as well as by the following terms: ● Your liability to the Firm under this Account shall be as the beneficial owner of the Account and not as a trustee. ● The Firm has no responsibility to observe the terms of any trust, whether written, verbal, implied, or constructive that may exist between the undersigned and the nominee. ● You agree to indemnify the Firm against loss, claim, damages, liability, and expense arising from instructions given by you, the trust or nominee including any legal costs if the nominee should make any legal claim against the Firm. ● You agree that the Firm shall receive instructions only from you or WSI to operate the Account including: ○ To receive instructions for the Account including the address for receipt of confirmations, statements and other communications; ○ To deposit any securities or monies; ○ To request payment or securities from the Account to be made or delivered to you, and to give a receipt for same; ○ To receive and acquiesce in the correctness of any and all notices of Transactions, statements of Account and other records and documents; ○ To settle, compromise, adjust, and give releases with respect to any and all claims, demands, disputes or controversies; and, ○ To receive requests and demands for payments or securities due, notices of intention to sell or purchase and other notices of demands. ● For the purposes of this section Section of this Agreement, this Agreement is binding on the Firm, its successors and assigns and on you and the nominee’s heirs, executors, administrators or legal representatives, in the event of your death, bankruptcy or mental incompetency. This Agreement shall continue to govern the Account in the event of death, bankruptcy, or mental incompetency of the nominee.

Informal Trust or Nominee Account Agreement. If you are opening an informal trust or nominee Account in the name of a nominee, the informal trust or nominee Account and all Transactions are also governed by this Agreement as well as by the following terms: ● • Your liability to the Firm under this Account shall be as the beneficial owner of the Account and not as a trustee. ● • The Firm has no responsibility to observe the terms of any trust, whether written, verbal, implied, or constructive that may exist between the undersigned and the nominee. ● • You agree to indemnify the Firm against loss, claim, damages, liability, and expense arising from instructions given by you, the trust or nominee including any legal costs if the nominee should make any legal claim against the Firm. ● • You agree that the Firm shall receive instructions only from you or WSI to operate the Account including: ○ • To receive instructions for the Account including the address for receipt of confirmations, statements and other communications; ○ • To deposit any securities or monies; ○ • To request payment or securities from the Account to be made or delivered to you, and to give a receipt for same; ○ • To receive and acquiesce in the correctness of any and all notices of Transactions, statements of Account and other records and documents; ○ • To settle, compromise, adjust, and give releases with respect to any and all claims, demands, disputes or controversies; and, ○ • To receive requests and demands for payments or securities due, notices of intention to sell or purchase and other notices of demands. ● • For the purposes of this section Section of this Agreement, this Agreement is binding on the Firm, its successors and assigns and on you and the nominee’s 's heirs, executors, administrators or legal representatives, in the event of your death, bankruptcy or mental incompetency. This Agreement shall continue to govern the Account in the event of death, bankruptcy, or mental incompetency of the nominee.

Informal Trust or Nominee Account Agreement. If you are the Client is opening an informal trust Informal Trust or nominee Nominee Account in the name of a nomineethe Nominee, the informal trust Informal Trust or nominee Nominee Account and all Transactions are also governed by this Agreement as well as by the following terms: ● Your • The Client’s liability to the Firm ShareOwner under this Informal Trust or Nominee Account shall be as the beneficial owner of the Account account and not as a trustee. ● The Firm • ShareOwner has no responsibility to observe the terms of any trust, whether written, verbal, implied, or constructive that may exist between the undersigned and the nomineeNominee. ● You agree • The Client agrees to indemnify the Firm ShareOwner against loss, claim, damages, liability, and expense arising from instructions given by you, the trust or nominee me including any legal costs if the nominee Nominee should make any legal claim against ShareOwner and the FirmClient agrees that ShareOwner may rely on the Client’s investment knowledge and objectives in determining the suitability of any Transaction for the account. ● You agree • The Client agrees that the Firm ShareOwner shall receive instructions only from you the Client or WSI the Portfolio Manager to operate the Account including: ○ o To receive instructions for the Account including the address for receipt of confirmations, statements and other communicationsCommunications from ShareOwner; ○ o To deposit with ShareOwner any securities or monies; ○ o To request payment or securities from the Account to be made or delivered to youthe Client personally, or to the Client’s order, and to give a receipt for same; ○ o To receive and acquiesce in the correctness of any and all notices of Transactions, statements of Account account and other records and documents; ○ o To settle, compromise, adjust, and give releases with respect to any and all claims, demands, disputes or controversies; and, ○ o To receive requests and demands for payments or securities due, notices of intention to sell or purchase and other notices of demands. ● • For the purposes of this section Section of this Agreement, this Agreement is binding on the FirmShareOwner, its successors and assigns and on you the Client and the nomineeNominee and ShareOwner’s heirs, executors, administrators or legal representatives, in the event of your the Client’s death, bankruptcy or mental incompetency. This Agreement shall continue to govern the Account in the event of death, bankruptcy, or mental incompetency of the nomineeNominee.

Informal Trust or Nominee Account Agreement. If you are opening an informal trust or nominee Account account in the name of a nominee, the informal trust or nominee Account account and all Transactions are also governed by this Agreement as well as by the following terms: ● Your liability to the Firm under this Account shall be as the beneficial owner of the Account and not as a trustee. ● The Firm has no responsibility to observe the terms of any trust, whether written, verbal, implied, or constructive that may exist between the undersigned and the nominee. ● You agree to indemnify the Firm against loss, claim, damages, liability, and expense arising from instructions given by you, the trust or nominee including any legal costs if the nominee should make any legal claim against the Firm. ● You agree that the Firm shall receive instructions only from you or WSI to operate the Account including: ○ To receive instructions for the Account including the address for receipt of confirmations, statements and other communications; ○ To deposit any securities or monies; ○ To request payment or securities from the Account to be made or delivered to you, and to give a receipt for same; ○ To receive and acquiesce in the correctness of any and all notices of Transactions, statements of Account account and other records and documents; ○ To settle, compromise, adjust, and give releases with respect to any and all claims, demands, disputes or controversies; and, ○ To receive requests and demands for payments or securities due, notices of intention to sell or purchase and other notices of demands. ● For the purposes of this section Section of this Agreement, this Agreement is binding on the Firm, its successors and assigns and on you and the nominee’s heirs, executors, administrators or legal representatives, in the event of your death, bankruptcy or mental incompetency. This Agreement shall continue to govern the Account in the event of death, bankruptcy, or mental incompetency of the nominee.