Common use of SECURE Act Clause in Contracts

SECURE Act. Effective January 1, 2020, for IRA account owners who die after December 31, 2019, the SECURE Act requires the entire balance of the participant’s account to be distributed within ten years. There is an exception for distributions made to an eligible designated beneficiary including a surviving spouse, a child who is still a minor, a disabled or chronically ill person or a person not more than ten years younger than the IRA account owner. The new ten-year rule applies regardless of whether the participant dies before, on or after the required beginning date, which effective January 1, 2020 is the day the account owner turns age 72. Please consult your tax advisor for assistance. Rev. 07/2020 Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: ■ Social Security number and income ■ Account balances and payment history ■ Transaction and transactions histories When you are no longer our customer, we continue to share your information as described in this notice. All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons State Street chooses to share; and whether you can limit this sharing. For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Yes No For our marketing purposes — to offer our products and services to you No We don’t share For joint marketing with other financial companies No We don’t share For our affiliates’ everyday business purposes — information about your transactions and experiences No We don’t share For our affiliates’ everyday business purposes — information about your creditworthiness No We don’t share For our affiliates to market to you No We don’t share For nonaffiliates to market to you No We don’t share Email: XxxxxxxXxxxxx@XxxxxXxxxxx.xxx You cannot limit sharing your information for our everyday business purposes. •‌‌ USISRETSER2020 Who is providing this notice? State Street Bank & Trust Company, its subsidiaries, affiliates or assigns (“State Street”). What we do? How does State Street protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. How does State Street collect my personal information? We collect your personal information, for example, when you ■ Open an account ■ Pay us by check ■ Make deposits and withdrawals from your account ■ Provide your account information ■ Provide your contact information Why can’t I limit all sharing? Federal law gives you the right to limit only ■ sharing for affiliates’ everyday business purposes—information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates to market to you What happens when I limit sharing for an account I hold jointly with someone else? You cannot limit sharing your information for our everyday business purposes.

SECURE Act. Effective January 1, 2020, for IRA account owners who die after December 31, 2019, the SECURE Act requires the entire balance of the participant’s account to be distributed within ten years. There is an exception for distributions made to an eligible designated beneficiary including a surviving spouse, a child who is still a minor, a disabled or chronically ill person or a person not more than ten years younger than the IRA account owner. The new ten-year rule applies regardless of whether the participant dies before, on or after the required beginning date, which effective January 1, 2020 is the day the account owner turns age 72. Please consult your tax advisor for assistance. • Rev. 07/2020 Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: ■ Social Security number and income ■ Account balances and payment history ■ Transaction and transactions histories When you are no longer our customer, we continue to share your information as described in this notice. All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons State Street chooses to share; and whether you can limit this sharing. For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Yes No For our marketing purposes — to offer our products and services to you No We don’t share For joint marketing with other financial companies No We don’t share For our affiliates’ everyday business purposes — information about your transactions and experiences No We don’t share For our affiliates’ everyday business purposes — information about your creditworthiness No We don’t share For our affiliates to market to you No We don’t share For nonaffiliates to market to you No We don’t share Email: XxxxxxxXxxxxx@XxxxxXxxxxx.xxx You cannot limit sharing your information for our everyday business purposes. •‌‌ USISRETSER2020 • ‌‌ Who is providing this notice? State Street Bank & Trust Company, its subsidiaries, affiliates or assigns (“State Street”). What we do? How does State Street protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. How does State Street collect my personal information? We collect your personal information, for example, when you ■ Open an account ■ Pay us by check ■ Make deposits and withdrawals from your account ■ Provide your account information ■ Provide your contact information Why can’t I limit all sharing? Federal law gives you the right to limit only ■ sharing for affiliates’ everyday business purposes—information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates to market to you What happens when I limit sharing for an account I hold jointly with someone else? You cannot limit sharing your information for our everyday business purposes.

SECURE Act. Effective January 1, 2020, for IRA account owners who die after December 31, 2019, the SECURE Act requires the entire balance of the participant’s account to be distributed within ten years. There is an exception for distributions made to an eligible designated beneficiary including a surviving spouse, a child who is still a minor, a disabled or chronically ill person or a person not more than ten years younger than the IRA account owner. The new ten-year rule applies regardless of whether the participant dies before, on or after the required beginning date, which effective January 1, 2020 is the day the account owner turns age 72. Please consult your tax advisor for assistance. Rev. 07/2020 • Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: ■ Social Security number and income ■ Account balances and payment history ■ Transaction and account balances ■ transaction history ■ account transactions histories ■ retirement assets When you are no longer our customer, we continue to share your information as described in this notice. All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons State Street chooses to share; share and whether you can limit this sharing. For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Yes No For our marketing purposes — to offer our products and services to you No We don’t share For joint marketing with other financial companies No We don’t share For our affiliates’ everyday business purposes — information about your transactions and experiences No We don’t share For our affiliates’ everyday business purposes — information about your creditworthiness No We don’t share For our non-affiliates to market to you No We don’t share For nonaffiliates to market to you No We don’t share Email: XxxxxxxXxxxxx@XxxxxXxxxxx.xxx You cannot limit sharing your information for our everyday business purposes. •‌‌ USISRETSER2020 Who is providing this notice? State Street Bank & Trust Company, its subsidiaries, affiliates or assigns (“State Street”). What we do? Call 000 000 0000 • ‌‌ How does State Street protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. How does State Street collect my personal information? We collect your personal information, for example, when you ■ Open open an account ■ Pay pay us by check ■ Make make deposits and withdrawals from your account ■ Provide your provide account information ■ Provide give us your contact information information. Why can’t I limit all sharing? Federal law gives you the right to limit only ■ sharing for affiliates’ everyday business purposes—information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates non-affiliates to market to you. State laws and individual companies may give you What happens when I additional rights to limit sharing for an account I hold jointly with someone else? You cannot limit sharing your information for our everyday business purposessharing.