Common use of Investment of Amounts in the IRA Clause in Contracts

Investment of Amounts in the IRA. The IRA Owner has exclusive responsibility for and control over the investment of the assets of his or her IRA. All transactions shall be subject to any and all restrictions or limitations, direct or indirect, which are imposed by the Custodian’s charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, and usages of any exchange, market, or clearing house where the transaction is executed; the Custodian’s policies and practices; and this Agreement. After the IRA Owner’s death, his or her Beneficiary(ies) shall have the right to direct the investment of the IRA assets, subject to the same conditions that applied to the IRA Owner during his or her lifetime under this Agreement (including, without limitation, Section 5.02 of this Agreement). The Custodian shall have no discretion to direct any investment in the IRA. The Custodian assumes no responsibility for rendering investment advice with respect to the IRA, nor will the Custodian offer any opinion or judgment to the IRA Owner on matters concerning the value or suitability of any investment or proposed investment for the IRA. In the absence of instructions from the IRA Owner or if the instructions are not in an acceptable form, the Custodian shall have the right to hold any uninvested amounts in cash, and shall have no responsibility to invest uninvested cash unless and until directed by the IRA Owner. The Custodian will not exercise the voting rights and other shareholder rights with respect to investments in the IRA unless the IRA Owner provides timely written directions acceptable to the Custodian. The IRA Owner will select the type of investment for his or her IRA assets, provided, however, that the selection of investments shall be limited to those types of investments that the Custodian is authorized by its charter, articles of incorporation, or bylaws to offer and do in fact offer for investment in IRAs.

Investment of Amounts in the IRA. The IRA Owner has You have exclusive responsibility for and control over the investment of the assets of his or her your IRA. All transactions shall will be subject to any and all restrictions or limitations, direct or indirect, which that are imposed by the Custodian’s our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, customs and usages of any exchange, market, market or clearing house where the transaction is executed; the Custodian’s our policies and practices; and this Agreementagreement. After the IRA Owner’s your death, his or her Beneficiary(ies) shall your beneficiaries will have the right to direct the investment of the your IRA assets, subject to the same conditions that applied to the IRA Owner you during his or her your lifetime under this Agreement agreement (including, without limitation, Section 5.02 8.03 of this Agreementarticle). The Custodian shall We will have no discretion to direct any investment in the your IRA. The Custodian assumes We assume no responsibility for rendering investment advice with respect to the your IRA, nor will the Custodian we offer any opinion or judgment to the IRA Owner you on matters concerning the value or suitability of any investment or proposed investment for the your IRA. In the absence of instructions from the IRA Owner you, or if the your instructions are not in an a form acceptable formto us, the Custodian shall we will have the right to hold any uninvested amounts in cash, and shall we will have no responsibility to invest uninvested cash unless and until directed by the IRA Owneryou. The Custodian We will not exercise the voting rights and other shareholder rights with respect to investments in the IRA unless the IRA Owner provides timely written directions acceptable to the Custodianyour IRA. The IRA Owner You will select the type of investment for his or her your IRA assets, provided, however, that the selection of investments shall be limited to assets from those types of investments that the Custodian is we are authorized by its our charter, articles of incorporation, or bylaws to offer and do in fact offer for IRAs (e.g., term share accounts, passbook accounts, certificates of deposit, money market accounts.) We may in our sole discretion make available to you additional investment offerings, which will be limited to publicly traded securities, mutual funds, money market instruments, and other investments that are obtainable by us and that we are capable of holding in IRAsthe ordinary course of our business. We shall retain in cash so much of the custodial account as you or your Investment Advisor directs or until other instructions are received and we are authorized to place such cash held in the custodial account in an interest-bearing instrument or money market fund as determined appropriate in our sole discretion.

Investment of Amounts in the IRA. The IRA Owner has You have exclusive responsibility for and control over the investment of the assets of his or her your IRA. All transactions shall be subject to any and all restrictions or limitations, direct or indirect, which are imposed by the Custodian’s our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, and usages of any exchange, market, or clearing house where the transaction is executed; the Custodian’s our policies and practices; and this Agreement. After the IRA Owner’s your death, his or her Beneficiary(iesyour beneficiary(ies) shall have the right to direct the investment of the your IRA assets, subject to the same conditions that applied to the IRA Owner you during his or her your lifetime under this Agreement (including, without with- out limitation, Section 5.02 8.03 of this Agreementarticle). The Custodian We shall have no discretion to direct any investment in the your IRA. The Custodian assumes We assume no responsibility for rendering investment advice with respect to the your IRA, nor will the Custodian we offer any opinion or judgment to the IRA Owner you on matters concerning the value or suitability of any investment invest- ment or proposed investment for the your IRA. In the absence of instructions from the IRA Owner you, or if the your instructions are not in an a form acceptable formto us, the Custodian we shall have the right to hold any uninvested amounts in cash, and we shall have no responsibility to invest uninvested cash unless and until directed by the IRA Owneryou. The Custodian We will not exercise the voting rights and other shareholder rights with respect to investments in the your IRA unless the IRA Owner provides you provide timely written directions acceptable to the Custodianus. The IRA Owner You will select the type of investment for his or her your IRA assets, provided, however, that the your selection of investments shall be limited to those types of investments that the Custodian is we are authorized by its our charter, articles of incorporation, or bylaws to offer and do in fact offer for investment in IRAs. We may, in our sole discretion, make available to you, additional investment offerings, which shall be limited to publicly traded securities, mutual funds, money market instruments, and other invest- ments that are obtainable by us and that we are capable of holding in the ordinary course of our business. You authorize the deposit or investment of cash balances in the account in CDs and other deposits issued by Stifel Bank & Trust, Stifel Bank, Stifel Trust Company, N.A., or any other Stifel-affiliated Bank available, which will bear a reasonable rate of interest as required by 29 C.F.R. Section 2550.408b-4(b)(2).

Investment of Amounts in the IRA. The IRA Owner has You have exclusive responsibility for and control over the investment of the assets of his or her your IRA. All transactions shall will be subject to any and all restrictions or limitations, direct or indirect, which that are imposed by the Custodian’s our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, customs and usages of any exchange, market, market or clearing house where the transaction is executed; the Custodian’s our policies and practices; and this Agreementagreement. After the IRA Owner’s your death, his or her Beneficiary(ies) shall your beneficiaries will have the right to direct the investment of the your IRA assets, subject to the same conditions that applied to the IRA Owner you during his or her your lifetime under this Agreement agreement (including, without limitation, Section 5.02 8.038.3 of this Agreementarticle). The Custodian shall right to direct investment of assets may be restricted, however, as provided herein. We will have no discretion to direct any investment in the your IRA. The Custodian assumes We assume no responsibility for rendering investment advice with respect to the your IRA, nor will the Custodian we offer any opinion or judgment to the IRA Owner you on matters concerning the value or suitability of any investment or proposed investment for the your IRA. In the absence of instructions from the IRA Owner you, or if the your instructions are not in an a form acceptable formto us, the Custodian shall we will have the right to hold any uninvested amounts in cash, and shall we will have no responsibility to invest uninvested cash unless and until directed by the IRA Owneryou. The Custodian We will not exercise the voting rights and other shareholder rights with respect to investments in the your IRA unless the IRA Owner provides you provide timely written directions acceptable to the Custodianus. The IRA Owner You will select the type of investment for his or her your IRA assets, provided, however, that the your selection of investments shall be limited to those types of investments any investment vehicle obtainable by us, that the Custodian is we are authorized by its our charter, articles of incorporation, or bylaws to offer and do in fact fact, in our sole discretion offer for IRAs For example, investments may include but shall not be limited to common stocks, government and corporate bonds, mutual funds, the purchase of put options on existing positions and writing of covered listed call options and such other options strategies that we may, from time to time, in our sole discretion make available for IRAs and which strategies are approved for your account by your broker and/or investment advisor. Investments not generating confirmations must be accompanied by additional written instructions and such other documentation as we may, in IRAs.our sole discretion, require. We shall act as a stockbroker or dealer whenever such services are required. We may in our sole discretion make available to you additional investment offerings, which will be limited to publicly traded securities, mutual funds, money market instruments, and other investments that are obtainable by us and that we, in our sole discretion, determine that we are capable of holding in the ordinary course of our business. We shall have the power and authority in the administration of this Agreement to do all acts, including by way of illustration but not in limitation of the powers conferred by law, the following: a) Pursuant to your or your agent’s direction, to invest and reinvest all or any part of the assets in securities obtainable through us and to invest in any lawful investment which is administratively acceptable to us without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction for investment by us b) Pursuant to your or your agent’s direction, to hold part or all of the uninvested assets or to place the same in a savings account approved by you or purchase a Certificate of Deposit with an institution approved by you c) To employ suitable agents and counsel and to pay them reasonable expenses and compensation d) Pursuant to your or your agent’s direction, to vote in person or by proxy with respect to securities held by us and to delegate our discretionary power e) Pursuant to your or your agent’s direction (and subject to approval of a custodial account for option trading privileges), to write covered listed call options against existing positions, to liquidate or close such option contracts, and to purchase put options on existing long positions (the same securities cannot be used to simultaneously cover more than one position) f) Pursuant to your or your agent’s direction, to consent to or participate in dissolutions, reorganizations, consolidations, mergers, sales, leases, mortgages, and transfers or other changes affecting securities held by us g) To leave any securities or cash for safekeeping or on deposit, with or without interest, with such banks, brokers and other custodians as we may select, and to hold any securities in bearer form or in the name of these banks, brokers and any other custodians or in the name of the custodian without qualification or description or in the name of any nominee; and h) Prior to the entry of any orders to purchase or sell securities in your account, you or your agent shall approve beforehand all such orders and direct us to implement such instructions. Selling short and executing purchases in an amount greater than available cash are prohibited. All investments outside of the cash account shall be accompanied by additional written instructions

Investment of Amounts in the IRA. The IRA Owner has You have exclusive responsibility for and control over the investment of the assets of his or her your IRA. All transactions shall will be subject to any and all restrictions or limitations, direct or indirect, which that are imposed by the Custodian’s our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, customs and usages of any exchange, market, market or clearing house where the transaction is executed; the Custodian’s our policies and practices; and this Agreementagreement. After the IRA Owner’s your death, his or her Beneficiary(ies) shall your beneficiaries will have the right to direct the investment of the your IRA assets, subject to the same conditions that applied to the IRA Owner you during his or her your lifetime under this Agreement agreement (including, without limitation, Section 5.02 8.03 of this Agreementarticle). The Custodian shall We will have no discretion to direct any investment in the your IRA. The Custodian assumes We assume no responsibility for rendering investment advice with respect to the your IRA, nor will the Custodian we offer any opinion or judgment to the IRA Owner you on matters concerning the value or suitability of any investment or proposed investment for the your IRA. In the absence of instructions from the IRA Owner you, or if the your instructions are not in an a form acceptable formto us, the Custodian shall we will have the right to hold any uninvested amounts in cash, and shall we will have no responsibility to invest uninvested cash unless and until directed by the IRA Owneryou. The Custodian We will not exercise the voting rights and other shareholder rights with respect to investments in the your IRA unless the IRA Owner provides you provide timely written directions acceptable to the Custodianus. The IRA Owner You will select the type of investment for his or her your IRA assets, provided, however, that the selection of investments shall be limited to assets from those types of investments that the Custodian is we are authorized by its our charter, articles of incorporation, or bylaws to offer and do in fact offer for IRAs (e.g., term share accounts, passbook accounts, certificates of deposit, money market accounts.) We may in our sole discretion make available to you additional investment offerings, which will be limited to publicly traded securities, mutual funds, money market instruments, and other investments that are obtainable by us and that we are capable of holding in IRAsthe ordinary course of our business.