Common use of Investment Alternatives Clause in Contracts

Investment Alternatives. The Treasurer, the Plan Manager, the Investment Advisor, the Investment Manager, and the Custodian make no representations regarding the appropriateness of the Investment Options as an investment for any particular individual investor. Other types of investments may be more appropriate depending upon an individual’s residence, financial status, tax situation, risk tolerance, or age. The investments, fees, expenses, eligibility requirements, tax and other consequences, and features of these alternatives may differ from those of the Plan. Other types of investments, standing alone or used in combination with the Plan, may be a better alternative for certain Beneficiaries. Before investing in the Plan, you may wish to consult a tax advisor, investment advisor, or special needs planner. Investment in the Plan is not a Direct Investment in Mutual Funds or Registered Securities Although contributions to your STABLE Account will be invested in Investment Options that invest in Mutual Funds, none of the Plan’s Investment Options is a mutual fund. Units in the Investment Options are not registered with the SEC or any state, nor are the Plan or any of the Plan’s Investment Options registered as investment companies with the SEC or any state. TAX CONSIDERATIONS Any information contained in this Plan Disclosure Statement is not intended or written to be used, and cannot be used, by a person as tax advice for the purpose of avoiding any penalties that may be imposed under the IRC. In addition, the information contained in this Plan Disclosure Statement was written to support the promotion or marketing of the transaction(s) or matter(s) addressed in this Plan Disclosure Statement. The following discussion summarizes certain aspects of federal and state income, gift, estate, and GST tax consequences relating to the Plan and contributions to, earnings of, and withdrawals from STABLE Accounts. The summary is not exhaustive and is not intended as individual tax advice. In addition, there can be no assurance that the IRS will accept the statements made herein or, if challenged, that such statements would be sustained in court. The applicable tax rules are complex, and certain of the rules are at present uncertain, and their application to any particular person may vary according to facts and circumstances specific to that person. The IRC and regulations thereunder, and judicial and administrative interpretations thereof, are subject to change, retroactively and/or prospectively. This summary is based on the relevant provisions of the IRC, the Proposed Tax Regulations, and Ohio tax law and regulations. It is possible that Congress, the U.S. Treasury Department, the IRS, the State of Ohio, and other taxing authorities or the courts may take actions that will adversely affect the tax law consequences described and that such adverse effects may be retroactive. No final tax regulations or rulings concerning the Plan have been issued by the IRS and, when issued, such regulations or rulings may alter the tax consequences summarized herein or necessitate changes in the Plan to achieve the tax benefits described. The summary given here does not address the potential effects of the tax laws of any State other than Ohio. For information specific to Partner States, please see the Partner State Supplements at the end of this Plan Disclosure Statement. You should consult a qualified tax advisor about how the laws apply to your circumstances. Federal and state laws or regulations are subject to change and could affect the tax treatment of your STABLE Account. Qualified ABLE Program The Plan is designed to be a qualified ABLE program under Section 529A.

Investment Alternatives. The Treasurer, the Plan Manager, the Investment Advisor, the Investment Manager, and the Custodian make no representations regarding the appropriateness of the Investment Options as an investment for any particular individual investor. Other types of investments may be more appropriate depending upon an individual’s residence, financial status, tax situation, risk tolerance, or age. The investments, fees, expenses, eligibility requirements, tax and other consequences, and features of these alternatives may differ from those of the Plan. Other types of investments, standing alone or used in combination with the Plan, may be a better alternative for certain Beneficiaries. Before investing in the Plan, you may wish to consult a tax advisor, investment advisor, or special needs planner. Investment in the Plan is not a Direct Investment in Mutual Funds or Registered Securities Although contributions to your STABLE Account account will be invested in Investment Options that invest in Mutual Funds, none of the Plan’s Investment Options is a mutual fund. Units in the Investment Options are not registered with the SEC or any state, nor are the Plan or any of the Plan’s Investment Options registered as investment companies with the SEC or any state. TAX TAx CONSIDERATIONS Any information contained in this Plan Disclosure Statement is not intended or written to be used, and cannot be used, by a person as tax advice for the purpose of avoiding any penalties that may be imposed under the IRC. In addition, the information contained in this Plan Disclosure Statement was written to support the promotion or marketing of the transaction(s) or matter(s) addressed in this Plan Disclosure Statement. The following discussion summarizes certain aspects of federal and state income, gift, estate, and GST tax consequences relating to the Plan and contributions to, earnings of, and withdrawals from STABLE Accountsaccounts. The summary is not exhaustive and is not intended as individual tax advice. In addition, there can be no assurance that the IRS will accept the statements made herein or, if challenged, that such statements would be sustained in court. The applicable tax rules are complex, and certain of the rules are at present uncertain, and their application to any particular person may vary according to facts and circumstances specific to that person. The IRC and regulations thereunder, and judicial and administrative interpretations thereof, are subject to change, retroactively and/or prospectively. This summary is based on the relevant provisions of the IRC, the Proposed Tax Regulations, and Ohio tax law and regulations. It is possible that Congress, the U.S. Treasury Department, the IRS, the State of Ohio, and other taxing authorities or the courts may take actions that will adversely affect the tax law consequences described and that such adverse effects may be retroactive. No final tax regulations or rulings concerning the Plan have been issued by the IRS and, when issued, such regulations or rulings may alter the tax consequences summarized herein or necessitate changes in the Plan to achieve the tax benefits described. The summary given here does not address the potential effects on Beneficiaries of the tax laws of any State state other than Ohio. For information specific to Partner States, please see the Partner State Supplements at the end of this Plan Disclosure Statement. You should consult a qualified tax advisor about how the laws apply to your circumstances. Federal and state laws or regulations are subject to change and could affect the tax treatment of your STABLE Accountaccount. Qualified ABLE Program The Plan is designed to be a qualified ABLE program under Section 529A.

Investment Alternatives. The Treasurer, the Plan Manager, the Investment Advisor, the Investment Manager, and the Custodian make no representations regarding the appropriateness of the any Investment Options as an investment for any particular individual investor. Other types of investments may be more appropriate depending upon an individual’s residence, financial status, tax situation, risk tolerance, or age. The investments, fees, expenses, eligibility requirements, tax and other consequences, and features of these alternatives may differ from those of the Plan. Other types of investments, standing alone or used in combination with the Plan, may be a better alternative for certain Beneficiaries. Before investing in the Plan, you may wish to consult a tax advisor, investment advisor, or special needs planner. Investment in the Plan is not a Direct Investment in Mutual Funds or Registered Securities Although contributions to your STABLE Account will may be invested in Investment Options that invest in Mutual Funds, none of the Plan’s Investment Options is a mutual fund. Units in the Portfolios associated with the Investment Options are not registered with the SEC or any state, nor are the Plan or any of the Plan’s Investment Options registered as investment companies with the SEC or any state. TAX CONSIDERATIONS CONSIDERATIONS‌‌‌‌‌‌ Any information contained in this Plan Disclosure Statement is not intended or written to be used, and cannot be used, by a person as tax advice for the purpose of avoiding any penalties that may be imposed under the IRC. In addition, the information contained in this Plan Disclosure Statement was written to support the promotion or marketing of the transaction(s) or matter(s) addressed in this Plan Disclosure Statement. The following discussion summarizes certain aspects of federal and state income, gift, estate, and GST tax consequences relating to the Plan and contributions to, earnings of, and withdrawals from STABLE Accounts. The summary is not exhaustive and is not intended as individual tax advice. In addition, there can be no assurance that the IRS will accept the statements made herein or, if challenged, that such statements would be sustained in court. The applicable tax rules are complex, and certain of the rules are at present uncertain, and their application to any particular person may vary according to facts and circumstances specific to that person. The IRC and regulations thereunder, and judicial and administrative interpretations thereof, are subject to change, retroactively and/or prospectively. This summary is based on the relevant provisions of the IRC, the Proposed Tax Regulations, and Ohio tax law and regulations. It is possible that Congress, the U.S. Treasury Department, the IRS, the State of Ohio, and other taxing authorities or the courts may take actions that will adversely affect the tax law consequences described and that such adverse effects may be retroactive. No final tax regulations or rulings concerning the Plan have been issued by the IRS and, when issued, such regulations or rulings may alter the tax consequences summarized herein or necessitate changes in the Plan to achieve the tax benefits described. The summary given here does not address the potential effects of the tax laws of any State other than Ohio. For information specific to Partner States, please see the Partner State Supplements at the end of this Plan Disclosure Statement. You should consult a qualified tax advisor about how the laws apply to your circumstances. Federal and state laws or regulations are subject to change and could affect the tax treatment of your STABLE Account. Qualified ABLE Program The Plan is designed to be a qualified Qualified ABLE program Program. Eligible Individual In order to open a STABLE Account and to receive the tax benefits afforded a Beneficiary of a STABLE Account, you must be an Eligible Individual. See “Eligibility to Open a STABLE Account” under Section 529A.“Getting Started” for more information.