Common use of TRADING AND DISBURSEMENT AUTHORIZATION Clause in Contracts

TRADING AND DISBURSEMENT AUTHORIZATION. You have entered into an investment advisory agreement with the investment advisor named in Section V of the Account Application (and any subsequent investment adviser pursuant to assignment, merger, Acquisition or transfer) (“Advisor”), pursuant to which you have granted Advisor trading and other authority with respect to your Account. You acknowledge that you (and not LPL) are solely responsible for selecting Advisor and for the authority you grant to Advisor. You have authorized Advisor to be your agent and attorney-in-fact with respect to the Account. You authorize LPL to accept from Advisor trading instructions and other instructions related to your Account, including the disbursement of assets to you but subject to the limitations on the authority to instruct on withdrawals, transfers and disbursements set forth below. Trading instructions include but are not limited to instructions with respect to buying, selling, assigning, transferring, and trading in securities and commodities and/or contracts relating to the same on margin or otherwise, and stock option transactions, as well as with respect to all other things necessary or incidental to the furtherance of such instructions. You authorize LPL to accept from Advisor instructions relating to the reinvestment of dividends and capital gain distributions in the Account. You authorize LPL to disburse assets from Account for investment purposes and to you at the direction of Advisor. LPL will take instructions from you or Advisor regarding the termination of the advisory relationship between Advisor and you. Such instructions from you may take the form of a request to transfer all assets to another financial institution or another account at LPL. Advisor is hereby authorized to direct LPL to transfer money, securities or any other assets between the Account and (1) your other accounts (both current and future) at LPL, and (2) your accounts at external custodians (e.g., your bank) provided, that, the transferred money, securities or other assets are only sent to accounts registered in your name and you have provided us with necessary information related to your accounts at external custodians. All other transfers, withdrawals or disbursement requests delivered by Advisor to LPL may only be acted upon by LPL if such instruction includes your consent, in any form and which may be satisfied with reasonable notice to you and an opportunity to reject. You hereby ratify and confirm any and all transactions with LPL made by Advisor or for your Account. You agree that LPL will not be liable for any loss, liability, cost or expense for acting upon instructions from Advisor and agree to indemnify and hold LPL harmless from any such loss, liability, cost or expense.

TRADING AND DISBURSEMENT AUTHORIZATION. You have entered into an investment advisory agreement with the investment advisor (Advisor) named in Section V of the Account Application (and any subsequent investment adviser pursuant to assignment, merger, Acquisition or transfer) (“Advisor”)Application, pursuant to which you have granted Advisor trading and other authority with respect to your Account. You acknowledge that you (and not LPL) are solely responsible for selecting Advisor and for the authority you grant to Advisor. You have authorized Advisor to be your agent and attorney-in-fact with respect to the Account. You authorize LPL to accept from Advisor trading instructions and other instructions related to your Account, including the disbursement of assets to you but subject to the limitations on the authority to instruct on withdrawals, transfers and disbursements set forth below. Trading instructions include but are not limited to instructions with respect to buying, selling, assigning, transferring, and trading in securities and commodities and/or contracts relating to the same on margin or otherwise, and stock option transactions, as well as with respect to all other things necessary or incidental to the furtherance of such instructions. You authorize LPL to accept from Advisor instructions relating to the reinvestment of dividends and capital gain distributions in the Account. You authorize LPL to disburse assets from Account for investment purposes and to you at the direction of Advisor. LPL will take instructions from you or Advisor regarding the termination of the advisory relationship between Advisor and you. Such instructions from you may take the form of a request to transfer all assets to another financial institution or another account at LPL. Advisor is hereby authorized to direct LPL to transfer money, securities or any other assets between the Account and (1) your other accounts (both current and future) at LPL, and (2) your accounts at external custodians (e.g., your bank) provided, that, the transferred money, securities or other assets are only sent to accounts registered in your name and you have provided us with necessary information related to your accounts at external custodians. All other transfers, withdrawals or disbursement requests delivered by Advisor to LPL may only be acted upon by LPL if such instruction includes your express written consent, in any form and which may be satisfied with reasonable notice to you and an opportunity to reject. You hereby ratify and confirm any and all transactions with LPL made by Advisor or for your Account. You agree that LPL will not be liable for any loss, liability, cost or expense for acting upon instructions from Advisor and agree to indemnify and hold LPL harmless from any such loss, liability, cost or expense.

TRADING AND DISBURSEMENT AUTHORIZATION. You have entered into an investment advisory agreement with the investment advisor named in Section V of the Account Application (and any subsequent investment adviser pursuant to assignment, merger, Acquisition or transfer) (“Advisor”), pursuant to which you have granted Advisor trading and other authority with respect to your Account. You acknowledge that you (and not LPL) are solely responsible for selecting Advisor and for the authority you grant to Advisor. You have authorized each of Portfolio Manager and Advisor to be your agent and attorney-in-fact with respect to the Account. You authorize LPL to accept from Advisor Portfolio Manager trading instructions and other instructions related to your Account, including the disbursement of assets to you but subject to the limitations on the authority to instruct on withdrawals, transfers and disbursements set forth below. Trading instructions include but are not limited to instructions with respect to buying, selling (including short selling), assigning, transferring, and trading in securities and commodities and/or contracts relating to the same on margin or otherwise, and stock option transactions, as well as with respect to all other things necessary or incidental to the furtherance of such instructions. You authorize LPL to accept from Advisor instructions relating to the reinvestment of dividends and capital gain distributions in the Account. You authorize LPL to disburse accept from Portfolio Manager and Advisor other instructions related to your Account, including the disbursement of assets from Account for investment purposes and to you at but subject to the direction of Advisorlimitations on the authority to instruct on withdrawals, transfers and disbursements set forth below. LPL will take instructions from you you, Portfolio Manager or Advisor regarding the termination of the advisory relationship relationships between Portfolio Manager and you and Advisor and you. Such instructions from you may take the form of a request to transfer all assets to another financial institution or another account at LPL. Advisor is hereby authorized to direct LPL to transfer money, securities or any other assets between the Account and (1) your other accounts (both current and future) at LPL, and (2) your accounts at external custodians (e.g., your bank) provided, that, the transferred money, securities or other assets are only sent to accounts registered in your name and you have provided us with necessary information related to your accounts at external custodians. All other transfers, withdrawals or disbursement requests delivered by Advisor to LPL may only be acted upon by LPL if such instruction includes your express written consent, in any form and which may be satisfied with reasonable notice to you and an opportunity to reject. You hereby ratify and confirm any and all transactions with LPL made or instructed by Portfolio Manager or Advisor or for your Account. You agree that LPL will not be liable for any loss, liability, cost or expense for acting upon instructions from Advisor or Portfolio Manager and agree to indemnify and hold LPL harmless from any such loss, liability, cost or expense.