Common use of Securities Lending Clause in Contracts

Securities Lending. For any securities held by Axos Clearing as property on margin under this Margin Agreement or as collateral for your obligations under this Margin Agreement, you authorize Axos Clearing to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account are registered in Axos Clearing’s name and are collateral for any margin loan. You still receive credit for all dividends or interest payments on these shares and your account will be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan or other circumstances where, in Axos Clearing’s and/or your Broker’s judgment, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing and/or your Broker may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance notice. These changes in Axos Clearing’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing to liquidate or sell securities in your account(s). Until written revocation confirmation is received by Axos Clearing or your Broker, this Margin Agreement constitutes your continuing consent to effect securities lending transactions. Upon such written revocation, and payment for all balances due to Axos Clearing, Axos Clearing will deliver such securities to you if so requested. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledged, and hypothecated or re- hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances. You further represent that you are not controlled by or in control of any issuer of any security you have provided as collateral to Axos Clearing.

Securities Lending. For any securities held by Axos Clearing COR as property on margin under this Margin Agreement or as collateral for your obligations under this Margin Agreement, you authorize Axos Clearing COR to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account are registered in Axos ClearingCOR’s name and are collateral for any margin loan. You still receive credit for all dividends or interest payments on these shares and your account will be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan or other circumstances where, in Axos ClearingCOR’s and/or your Broker’s judgment, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing and/or COR and / or your Broker may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance notice. These changes in Axos ClearingCOR’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing COR to liquidate or sell securities in your account(s). Until written revocation confirmation is received by Axos Clearing COR or your Broker, Broker this Margin Agreement constitutes your continuing consent to effect securities lending transactions. Upon such written revocation, and payment for all balances due to Axos ClearingCOR, Axos Clearing COR will deliver such securities to you if so requested. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledged, and hypothecated or re- hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances. You further represent that you are not controlled by or in control of any issuer of any security you have provided as collateral to Axos ClearingCOR.

Securities Lending. For any securities held by Axos Clearing as property on margin under this Margin Agreement or as collateral for your obligations under this Margin Agreement, you authorize Axos Clearing to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account are registered in Axos Clearing’s name and are collateral for any margin loan. You still receive credit for all dividends or interest payments on these shares and your account will be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan or other circumstances where, in Axos Clearing’s and/or andƒor your Broker’s judgment, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing and/or andƒor your Broker may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance notice. These changes in Axos Clearing’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing to liquidate or sell securities in your account(s). Until written revocation confirmation is received by Axos Clearing or your Broker, this Margin Agreement constitutes your continuing consent to effect securities lending transactions. Upon such written revocation, and payment for all balances due to Axos Clearing, Axos Clearing will deliver such securities to you if so requested. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledgedre−pledged, and hypothecated or re- re− hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances. You further represent that you are not controlled by or in control of any issuer of any security you have provided as collateral to Axos Clearing.

Securities Lending. For any securities held by Axos Clearing RQD as property on margin under this Margin Supplement Agreement or as collateral for your obligations under this Margin Supplement Agreement, you authorize Axos Clearing RQD to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account Margin Account are registered in Axos ClearingRQD’s name and are collateral for any margin loan. You still may not receive credit for all dividends or and interest payments on these shares and your account will be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan Securities or other circumstances whereproperty loaned, however, you may receive substitute payments which may not receive the same tax treatment as actual interest and dividends, therefore, you may incur additional tax liability for these substitute payments. Further, you understand that you may not be eligible to exercise voting rights, in Axos Clearing’s and/or your Broker’s judgmentwhole or in part, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing and/or your Broker may increase its “house” maintenance margin requirements at any time and is not required to provide you associated with advance notice. These changes in Axos Clearing’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing to liquidate Securities or sell securities in your account(s)other property loaned. Until written revocation confirmation is received by Axos Clearing or your BrokerRQD, this Margin Supplement Agreement constitutes your continuing consent to effect securities lending transactions. Upon such written revocation, and payment for all balances due to Axos ClearingRQD, Axos Clearing RQD will deliver such securities to you if so requested. Hypothecation of Securities. For any amount due on your accountAs a reminder, you authorize agreed to the following provision in the Customer Agreement; All of your Securities and other property now and hereafter maintained by RQD for any purpose, in or for any of your Accounts, now or hereafter opened, including any Account, margin or cash, in which you have an interest, or which at any time are in your possession or under your control, shall be subject to a first lien and security interest for the payment discharge of, and a right of set off for, any and all indebtedness or any other obligations you may have to RQD. You agree that RQD holds all your securities Securities and other property as security for the payment of any such liability or indebtedness to RQD in any said account. RQD, in its sole discretion, without prior notice to you, may use, credit, apply or transfer interchangeably between any of your Accounts at RQD whenever RQD considers such a transaction necessary for its protection. In enforcing this lien and security interest, RQD, in its sole discretion, may determine which Securities and other property are to be sold and/or which contracts are to be closed in order to satisfy any indebtedness or obligation you have to RQD. You irrevocably appoint RQD as your attorney-in-fact with power of substitution to execute any documents for the perfection or registration of such general lien and security interest. You further agree that any Securities and other property held now or hereafter in any Account in which you may have an interest may be loaned, pledged, re-pledged, and hypothecated or re- re-hypothecated, without notice to you, either separately or with securities of other bona fide clientscustomers, for any amount due in your Margin Account or for a greater sum. You also represent that you will not allow any securities in any of your accounts Account to become subject to other liens, security interests or other encumbrances. You further , and also represent that you are not controlled by or in control of any issuer of any security you have provided as collateral to Axos ClearingRQD.

Securities Lending. For any securities held by Axos Clearing as property on margin under this Margin Agreement or as collateral for your obligations under this Margin Agreement, you authorize Axos Clearing to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account are registered in Axos Clearing’s name and are collateral for any margin loan. You still receive credit for all dividends or interest payments on these shares and your account will be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan or other circumstances where, in Axos Clearing’s and/or your Broker’s judgment, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing and/or your Broker may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance notice. These changes in Axos Clearing’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing to liquidate or sell securities in your account(s). Until written revocation confirmation confirmation is received by Axos Clearing or your Broker, this Margin Agreement constitutes your continuing consent to effect securities lending transactions. Upon such written revocation, and payment for all balances due to Axos Clearing, Axos Clearing will deliver such securities to you if so requested. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledged, and hypothecated or re- hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances. You further represent that you are not controlled by or in control of any issuer of any security you have provided as collateral to Axos Clearing.

Securities Lending. For any securities held by Axos Clearing as property on margin under this Margin Agreement or as collateral for your obligations under this Margin Agreement, you authorize Axos Clearing to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account are registered in Axos Clearing’s name and are collateral for any margin loan. You still receive credit for all dividends or interest payments on these shares and your account will be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan or other circumstances where, in Axos Clearing’s and/or your Broker’s judgment, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing and/or your Broker may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance notice. These changes in Axos Clearing’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing to liquidate or sell securities in your account(s). Until written revocation confirmation is received by Axos Clearing or your BrokerAdviser which then communicates the same to Axos Clearing, this Margin Agreement constitutes your continuing consent to effect securities lending transactions. Upon such written revocation, and payment for all balances due to Axos Clearing, Axos Clearing will deliver such securities to you if so requested. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledged, and hypothecated or re- hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances. You further represent that you are not controlled by or in control of any issuer of any security you have provided as collateral to Axos Clearing.

Securities Lending. For any securities held by Axos Clearing as property on margin under this Margin Agreement or as collateral for your obligations under this Margin Agreement, you authorize Axos Clearing to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account are registered in Axos Clearing’s name and are collateral for any margin loan. You still receive credit for all dividends or interest payments on these shares and your account will be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan or other circumstances where, in Axos Clearing’s and/or your Broker’s judgment, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing and/or your Broker may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance notice. These changes in Axos Clearing’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing to liquidate or sell securities in your account(s). Until written revocation confirmation is received by Axos Clearing or your BrokerAdvisor which then communicates the same to Axos Clearing, this Margin Agreement constitutes your continuing consent to effect securities lending transactions. Upon such written revocation, and payment for all balances due to Axos Clearing, Axos Clearing will deliver such securities to you if so requested. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledged, and hypothecated or re- re-hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances. You further represent that you are not controlled by or in control of any issuer of any security you have provided as collateral to Axos Clearing.will

Securities Lending. For any securities held by Axos Clearing COR as property on margin under this Margin Agreement or as collateral for your obligations under this Margin Agreement, you authorize Axos Clearing COR to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account are registered in Axos ClearingCOR’s name and are collateral for any margin loan. You still receive credit for all dividends or interest payments on these shares and your account will be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan or other circumstances where, in Axos ClearingCOR’s and/or your Broker’s judgment, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing COR and/or your Broker may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance notice. These changes in Axos ClearingCOR’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing COR to liquidate or sell securities in your account(s). Until written revocation confirmation is received by Axos Clearing COR or your Broker, this Margin Agreement constitutes your continuing consent to effect securities lending transactions. Upon such written revocation, and payment for all balances due to Axos ClearingCOR, Axos Clearing COR will deliver such securities to you if so requested. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledged, and hypothecated or re- hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances. You further represent that you are not controlled by or in control of any issuer of any security you have provided as collateral to Axos ClearingCOR.

Securities Lending. For any During your Freetrade Account opening process or at a point thereafter, you will have provided your express consent to Freetrade lending securities held by Axos Clearing as property on margin under this Margin Agreement or as collateral for your obligations under this Margin Agreement, you authorize Axos Clearing to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account are registered Freetrade GIA or Freetrade SIPP (the "Lendable Securities") on the terms set out in Axos Clearing’s name and are collateral for any margin loanthis section ("Securities Lending"). You still receive credit for all dividends or interest payments on these shares and your account All customers must provide us with express consent to Securities Lending. Without such consent, we will not be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan or other circumstances where, in Axos Clearing’s and/or your Broker’s judgment, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing and/or your Broker may increase its “house” maintenance margin requirements at any time and is not required able to provide you with advance noticethe Services under this Agreement and any existing Freetrade Account(s) you hold will be terminated in accordance with section 33 of this Agreement. These changes in Axos Clearing’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing to liquidate or sell Any securities held in your account(s)Freetrade ISA will not be eligible for Securities Lending. Until written revocation confirmation is received by Axos Clearing or By providing us with your Broker, this Margin Agreement constitutes your continuing explicit consent to effect Securities Lending, you acknowledge that you have granted Freetrade the right to use your Lendable Securities for securities lending transactions. Upon Until such written revocationtime as we may exercise our right to use your Lendable Securities, those Lendable Securities will be treated as client assets and payment will be held by a Custodian in accordance with section 23 of this Agreement. If Freetrade exercises its right to use the Lendable Securities, we will ensure that we have received liquid collateral of greater value in return for all balances due to Axos Clearing, Axos Clearing will deliver such the securities to you if so requested. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledged, and hypothecated or re- hypothecated, without notice to you, either separately or with securities of other bona fide clientslent. You represent will therefore become the beneficial owner of the collateral, as set out below. This means that during this time: (a) you will no longer have ownership of the lent securities; (b) section 23 of this Agreement will not apply to the lent securities; and (c) you will not allow be able to exercise any shareholder rights (including any voting rights) in respect of the lent securities. When the relevant securities lending transaction(s) are complete, Freetrade shall be obligated to return the lent securities to you. It is not possible for you to select securities for participation in any Securities Lending. Freetrade will lend the Lendable Securities to a third party counterparty (the "Borrower"). In exchange for the Lendable Securities, an appointed third party lending agent will receive collateral from the Borrower for an amount greater than that of the loaned security value. Such collateral will be held on your accounts behalf and monitored on an ongoing basis during the time period that the securities are lent. Until such time as the securities lending transaction(s) are complete, the collateral will be designated as safe custody assets under the applicable part of the CASS sourcebook of the FCA Handbook and held by a third party manager in a segregated account on your behalf, together with collateral held on behalf of other Freetrade customers whose securities are being lent under this section 24.2. In the unlikely event that the Borrower defaults on their obligation to become subject return the securities, Freetrade will take all reasonable measures to liensreturn to you equivalent securities. The collateral received under this paragraph will be in the form of (a) High Quality Liquid Assets, security interests which are designed to be liquidated easily and immediately into cash, with minimal or other encumbrances. You further represent that you are not controlled by no loss of value, such as government bonds; or in control of any issuer of any security you have provided as collateral to Axos Clearing(b) cash.

Securities Lending. For any securities held by Axos Clearing as property on margin under this Margin Agreement or as collateral for your obligations under this Margin Agreement, you authorize Axos Clearing to lend such securities, either separately or with other securities, to itself or to other entities. Securities in your margin account are registered in Axos Clearing’s name and are collateral for any margin loan. You still receive credit for all dividends or interest payments on these shares and your account will be charged for any dividends or interest on short positions. If there is a decline in the market value or liquidity of securities that are the collateral for your loan or other circumstances where, in Axos Clearing’s and/or your Broker’s judgment, adequate collateral does not exist, it may be necessary to request additional collateral for your margin account. Axos Clearing and/or your Broker may increase its “house” maintenance margin requirements at any time and is not required to provide you with advance notice. These changes in Axos Clearing’s policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause Axos Clearing to liquidate or sell securities in your account(s). Until written revocation confirmation is received by Axos Clearing or your Broker, this Margin Agreement constitutes your continuing consent to effect securities lending transactions. Upon such written revocation, and payment for all balances due to Axos Clearing, Axos Clearing will deliver such securities to you if so requested. Hypothecation of Securities. For any amount due on your account, you authorize that your securities may be pledged, re-pledgedre−pledged, and hypothecated or re- re− hypothecated, without notice to you, either separately or with securities of other bona fide clients. You represent that you will not allow any securities in any of your accounts to become subject to liens, security interests or other encumbrances. You further represent that you are not controlled by or in control of any issuer of any security you have provided as collateral to Axos Clearing.