WIXLIB

TRANSFER ON DEATH (TOD)ACCOUNT AGREEMENT ANDDISCLOSURE STATEMENT Wealth ManagementU.S. Bancorp InvestmentsTo: U.S. Bancorp Investments, Inc.In consideration of your opening and continuing a U.S. BancorpInvestments, Inc. TOD Security Account for us, I (“I”, “me”, “we”, “us”or “client” means the individuals signing this Agreement at the clientsignature line. “You” and “Your” means U.S. Bancorp Investments, Inc.)agree as follows:1. Establishment of Transfer on Death Account. We desire toestablish a Transfer on Death (TOD) Security Account pursuant tothe provisions of the Minnesota Uniform TOD Security RegistrationAct (Minnesota Statutes, Sections 524.6-301 to 524.6-311). Uponthe death of the last surviving account owner, you will transfer theassets in the TOD Account which are eligible for TOD distribution,according to the terms and conditions of this Agreement, to thebenefciaries and in the proportions designated in this Agreementor in the attached exhibit.2. Governing Law. This Agreement shall be governed by thelaws of the State of Minnesota and shall inure to the beneft ofU.S. Bancorp Investments and its successors and assignsand shall be binding on all account owners, heirs, executors,administrators, assigns and benefciaries.3. U.S. Bancorp Investments, Inc., TOD Disclosure Statement toApply. We understand that this TOD Account Agreement shall besubject to the U.S. Bancorp Investments TOD Disclosure Statement, acopy of which we have received, and the provisions of the MinnesotaUniform TOD Security Registration Act. We understand that theterms defned in the U.S. Bancorp Investments TOD DisclosureStatement shall have the same meaning in this Agreement. We furtherunderstand that this TOD Disclosure Statement may be amendedfrom time to time by U.S. Bancorp Investments.6. Changes of Benefciaries. We acknowledge and agree that thisAgreement shall not be effective until it is received and acceptedat your principal offce. We understand that any changes in theDesignated Benefciaries or the Contingent Benefciaries may bemade only by completing a new U.S. Bancorp Investments Transferon Death Account Agreement signed by us and that no such changeshall be effective until it is received and accepted by you at yourprincipal offce. I understand that, pursuant to Minnesota statutesgoverning this TOD Account, I may revoke all designations ofBenefciaries by specifc reference to this TOD Account in my Will.7. Right to Change Benefciaries. We understand and acknowledgethat no agent, attorney-in-fact, conservator, guardian orother person acting on the behalf of any of us may changethe Benefciaries except by court order or power of attorneydocumentation. This provision shall not prohibit the sale, pledge orother transfer of the securities in the TOD Account by any agent,attorney-in-fact, conservator or guardian.8. Distribution to Descendants by Right of Representation. Assetsdistributable to the descendants of a deceased person “by rightof representation” shall frst be divided into as many shares asthere are surviving children and deceased children of the deceasedperson. Each surviving child shall receive one share and the share ofeach deceased child will be distributed to that child’s descendants,proceeding through each generation until surviving issue exists.4. Effect of Other State Laws. We acknowledge and agree that ifTransfer on Death Registration is not permitted under the lawsof the jurisdiction where each of us is domiciled at the time ofestablishing the TOD Account or at the time of the death of thelast surviving account owner, you may, absent notice from anyduly appointed executor or administrator of the estate of the lastsurviving account owner or any person having or claiming to havean interest in said estate or any claim to the Eligible Securitiesin the TOD Account on behalf of said estate, transfer the EligibleSecurities pursuant to the benefciary designations set forth. Weagree that you shall have all the protections of the MinnesotaUniform TOD Security Registration Act in the event of any suchtransfer and we, on behalf of said estate and successors ininterest, further agree to indemnify and hold you harmless from anyclaims against said estate or any person acting on behalf of saidestate for any such transfer.5. Allocation of Account Assets If the TOD Account Agreement designates percentages thatequal more than one hundred percent (100%), the share ofeach benefciary shall be reduced proportionately until thetotal equals 100%.“Issue” is defned as any child born to or legally adopted by the person.Example:Generation 1 Albert, age 86, and his spouse Alice were originalJTWROS owners of this TOD Account.After Alice passed away, Albert became sole ownerwith the same TOD in effect as previously.Albert and Alice were the parents of Barbara andBurton.Generation 2 Burton, age 58, father of Chaz and ChaseBarbara, age 54, Burton’s sister who has no childrenGeneration 3 Chaz, age 28, and Chase, age 26; Burton’s sonsGeneration 4 Dustin and Derek, age 1; Chaz’s twin sonsScenario:1. Burton and his son Chaz are killed in the same accident.2. Burton’s dad Albert dies two years later. Since Albert had twochildren, two equal shares are created: 50% for Barbara and 50%for Burton’s issue.3. Because Burton is deceased, his share passes down onegeneration to his two sons Chaz and Chase “by right ofrepresentation.” Chase inherits 50% of Burton’s share. (This equals 25% ofAlbert and Alice’s assets.) Because Chaz is deceased, his share passes down onegeneration to his little boys “by right of representation.” (Thisequals 12.5% of Albert and Alice’s assets to each little boy.) If the TOD Account Agreement designates percentages thatequal less than 100%, the share of each benefciary shall beincreased proportionately until the total equals 100%.Page 3 of 6PERSONAL30424 (07/19)

TRANSFER ON DEATH (TOD)ACCOUNT AGREEMENT ANDDISCLOSURE STATEMENT Wealth ManagementU.S. Bancorp Investments9. Benefciary Designations Not Subject to Probate Rules. TODaccounts may not be subject to the laws of probate in the state ofresidence. We have been advised to seek legal counsel regardingprovisions of Transfer on Death Accounts as they apply in ourstate(s) of residence.OR3. a. If no Primary Benefciary survives the last Account Owner(and no descendant survives any Primary Benefciaryto engage rights of representation if so indicated onpage 1): Account assets will transfer to listed ContingentBenefciaries in the percentages specifed.10. Other Agreements Not Revoked. This TOD Account Agreementshall be subject to the terms of all other Agreement which we haveexecuted with regard to this TOD Account.11. Account Fees. The annual fee, if any, will be charged on an annualbasis as determined by U.S. Bancorp Investments. Any fees owedto U.S. Bancorp Investments and remaining unpaid, shall bededucted from the TOD Account or paid from the proceeds of thesale of Eligible Securities in the TOD Account as selected byU.S. Bancorp Investments prior to transfer.b. If no Contingent Benefciary is listed or if none of theContingent Benefciaries (or descendants if applicableand selected on page 1) survives the last Account Owner:Account assets will transfer to the last Account Owner’sestate.B. CONTINGENT BENEFICIARIES12. Designated Benefciaries If no Primary Benefciay survives the last Account Owner and if aContingent Benefciary does not survive the last Account Owner,one of the following scenarios will apply:1. That Contingent Benefciary’s share shall be distributedto that Contingent Benefciary’s descendants by rights ofrepresentation if that option has been selected on page 1.A. PRIMARY BENEFICIARIES The assets subject to this benefciary designation shall beallocated among the Primary Benefciaries who survive thelast Account Owner in the percentages specifed.OR If a Primary Benefciary does not survive the last AccountOwner, one of three scenarios will apply:1. That Primary Benefciary’s share shall be distributedto that Primary Benefciary’s descendants by right ofrepresentation if that option has been selected on page 1.OR2. If that option has not been selected:That Primary Benefciary’s share shall be allocatedproportionately among the surviving Primary Benefciaries(or their respective descendants by right of representation,if applicable and so indicated on page 1.)Page 4 of 62. If that option has not been selected: That ContingentBenefciary’s share shall be allocated proportionately amongthe surviving Contingent Benefciaries (or their respectivedescendants by right of representation, if applicable and soindicated on page 1).OR3. If none of the Contingent Benefciaries (nor any of theirrespective descendants, if applicable) survives the lastAccount Owner: Account assets shall be distributed to thelast Account Owner’s estate.PERSONAL30424 (07/19)

TRANSFER ON DEATH (TOD)ACCOUNT AGREEMENT ANDDISCLOSURE STATEMENT Wealth ManagementU.S. Bancorp InvestmentsThe following Transfer on Death Disclosure Statement shall govern any Transferof Death (“TOD”) account established at U.S. Bancorp Investments, Inc.1.by the Account Owner (or by all Account Owners) individually. No attorneyin-fact, guardian, conservator or other representative of an AccountOwner shall be authorized to establish a TOD Account or to change theBenefciary on any TOD Account except by court order or power of attorneydocumentation. No TOD Account Agreement shall be effective until it isaccepted by U.S. Bancorp Investments in its principal offce.Defnitions. In this TOD Disclosure Statement and the TOD AccountAgreement, the following terms shall have the defnitions set forth below:a. “TOD Account” shall mean a Transfer on Death Security Accountestablished at U.S. Bancorp Investments.b. “Account Owner” shall mean the one or more persons whose names areidentifed as the owner of the account.5.a. Any individual or entity may be designated as a Benefciary.b. The TOD Account Agreement shall designate the Benefciary orBenefciaries to whom the Eligible Securities in the TOD Account shall betransferred upon the death of the Account Owner.c. “Death of the Account Owner” shall mean the death of the sole AccountOwner or the death of the last survivor of multiple Account Owners.d. “Minnesota Uniform TOD Security Registration Act” shall meanMinnesota Statutes, Sections 524.6-301 to 524.6-311.c. Owners of joint accounts will always name their Primary Benefciaries andContingent Benefciaries and may also select right of representation forany benefciary. If selecting right of representation for any benefciary, theAccount Owners must also indicate how many children that benefciaryhas as of the date of signing this document. Benefciaries will receive theaccount assets upon the death of the last surviving Account Owner.e. “Eligible Security” shall mean any security for which transfer on deathregistration is allowed under the provision of the Minnesota UniformTOD Security Registration Act and which has been approved for suchregistration by U.S. Bancorp Investments.f.“Designated Benefciary” shall mean the one or more persons orentities designated to receive the Eligible Securities in the TOD Accountupon the Death of the Account Owner or the last to die of all multipleAccount Owners.d. The allocation of assets among the Primary Benefciaries and ContingentBenefciaries shall be governed by the terms of the TOD AccountAgreement, as supplemented by the terms and defnitions set forth in thisTOD Disclosure Statement.g. “Contingent Benefciary” shall mean the one or more persons or entitiesdesignated in the TOD Account Agreement to receive the Eligible Securitiesin the TOD Account if none of the Primary Benefciaries (nor any of theirdescendants, if applicable) survives the Account Owner or the last to die of allmultiple Account Owners.e. If the TOD Account Agreement designates percentages that equal morethan one hundred percent (100%), the shares of each Benefciary shallbe reduced proportionately until the total equals one hundred percent(100%). Similarly, if the percentages equal less than one hundred percent(100%), the shares of each Benefciary shall be increased proportionatelyuntil the total equals one hundred percent (100%).h. “Benefciary” shall refer to any individual or entity designated in the TODAccount Agreement to receive the Eligible Securities and shall includePrimary Benefciaries, Contingent Benefciaries, and their respectivedescendants if applicable.i.“TOD Account Agreement” shall refer to the U.S. Bancorp InvestmentsTOD Account Agreement.j.“Estate of the Account Owner” shall mean the duly appointed domiciliaryexecutor, administrator, or personal representative of the sole Account Owneror the last survivor of multiple Account Owners.k. “TOD Disclosure Statement” shall mean this Transfer on DeathDisclosure Statement.l.“Descendants” shall mean the children (including legally adoptedchildren) and more remote lineal descendants of the person whosedescendants are referred to, with the relationship of parent and childdetermined at each generation.f.Account Owners. A TOD Account may be established only by an individualor individuals. If more than one individual is named as the Account Owner,the Account Owners shall hold the Account as joint tenants with rights ofsurvivorship; multiple Account Owners may not hold the TOD Account astenants in common or community property without rights of survivorship.3.Account Registration. A TOD Account shall be registered in the name of theAccount Owner followed by the letters “TOD.” If multiple benefciaries it shallbe designated “TOD et al.”4.Account Agreement. This TOD Agreement shall be subject to the terms ofany of your Customer Agreements with U.S. Bancorp Investments.If no Benefciary is designated (or if none of the designated benefciariessurvives the last surviving Account Owner), the Eligible Securities inthe TOD Account shall be distributed to the estate of the last survivingAccount Owner.6.Designation of Benefciaries. The designation of any Benefciary shallinclude the full legal name of the Benefciary. A designation of the trustee of atrust as a Benefciary shall be deemed to include the successor or successorsto the designated trustee.7.Change of Benefciaries. Any change in the Benefciaries shall bemade by all Account Owners or by court order executing and delivering toU.S. Bancorp Investments a new TOD Account Agreement setting forth thenew Benefciaries. No such change shall be effective until it is received andaccepted by U.S. Bancorp Investments at its principal offce.8.Revocation by Will. The last surviving Account Owner may revoke a Benefciarydesignation, effective upon the Death of the Account Owner, by specifcallydescribing the revocation in such Account Owner’s valid Last Will and Testament.However, the terms of the revocation are not binding on U.S. BancorpInvestments unless, prior to transfer, it has received written notice at its principaloffce from any claimant to an interest in the security objecting to distribution byU.S. Bancorp Investments of securities pursuant to the terms of the TOD AccountAgreement and the TOD Disclosure Statement. If a Benefciary designationis revoked, the percentage of the TOD Account for which no Benefciary isdesignated shall be transferred to the Estate of the Account Owner.9.Transfer Upon Death of Account Owner. Subject to Paragraph 8, upon the deathof the last surviving Account Owner, the Eligible Securities in the TOD Account shallbe transferred to the Benefciaries in the manner designated in the most recentTOD Account Agreement. The allocation of assets among the Benefciaries shallbe governed by the terms of the TOD Account Agreement as supplemented by theterms and defnitions set forth in this TOD Disclosure Statement. Notwithstandingany other term of this Agreement, if an Account is pledged to secure a loanbalance, then when the last surviving Account Owner dies, the outstanding loanbalance must be paid in full prior to any distributions to any of the Benefciaries.USBI may, in its sole discretion, sell any and all securities or other assets in theAccount to satisfy any outstanding balance on such a secured loan. Neither anyrepresentative of the last surviving Account Owner nor any of the Benefciaries shallbe entitled to choose which securities or other assets are sold.m. “By Right of Representation.” Assets distributable to the descendants of adeceased person “by right of representation” shall be divided into as manyshares as there are surviving children of the deceased person and deceasedchildren who left descendants who survive the deceased person. Eachsurviving child shall receive one share and the share of each deceased childshall be divided among that child’s descendants in the same manner.2.BenefciariesA TOD Account shall be established only upon the execution of a TODAccount Agreement in such form as may be required by U.S. BancorpInvestments from time to time. The TOD Account Agreement shall be executedPage 5 of 6PERSONAL30424 (07/19)

TRANSFER ON DEATH (TOD)ACCOUNT AGREEMENT ANDDISCLOSURE STATEMENT Wealth ManagementU.S. Bancorp Investments10. Interest of Benefciaries. The designation of Benefciaries in the TODAccount Agreement has no effect in ownership of the TOD Account or theEligible Securities until the Death of the last surviving Account Owner. TheBenefciaries have no rights in the TOD Account or the Eligible Securitiesuntil such Death of the last surviving Account Owner. During the time periodbetween the Death of the last surviving Account Owner and transfer ofthe Eligible Securities, all then living Benefciaries hold their interests astenants in common. U.S. Bancorp Investments shall not have any liability inconnection with any interest, dividends or other amounts paid in respect ofthe Eligible Securities after the Death of the last surviving Account Owner butprior to the receipt of all information required pursuant to Paragraph 12.11. Distribution to Minors, Incapacitated Persons, Custodians and Guardians.If no custodian or custodial trustee has been nominated for any minor orincapacitated adult, or if the nominated custodian or custodial trustee isunable or unwilling to accept the distribution, U.S. Bancorp Investments maytransfer to any duly appointed and acting custodian for such minor under theUniform Transfers to Minors Act of any state or any duly appointed conservatoror guardian for such minor or incapacitated adult, and the receipt of suchcustodian, custodial trustee, conservator or guardian shall be full release ofU.S. Bancorp Investments for such transfer. If within a reasonable time afterthe Death of the last surviving Account Owner there is no custodian, custodialtrustee, or conservator or guardian to accept transfer for a minor or anincapacitated adult, U.S. Bancorp Investments may transfer assets to the Estateof the last surviving Account Owner and U.S. Bancorp Investments’ obligationsto such minor or incapacitated adult shall be fully discharged.12. Proof of Death and Eligibility. Prior to transferring the Eligible Securities,U.S. Bancorp Investments must receive the following:a. Proof of Death of the Account Owner or all Account Owners in the caseof a joint account.14. Protection of Transfer on Death Statute to Apply. All protection of theMinnesota Uniform TOD Security Registration Act shall apply to U.S. BancorpInvestments in regard to any TOD Account.15. Procedure in the Event of Disputesa. All TOD Accounts shall be subject to the requirement that disputesbetween Account Owner(s) and U.S. Bancorp Investments be settled byarbitration, as shall be set forth in the Customer Agreement.b. In the event of any dispute among the Benefciaries as to the entitlementto the Eligible Securities, or in the event of any claims to any portion ofthe TOD Account by the Estate of the Account Owner, creditors, survivingspouse, personal representative, heirs or any other person claiming aninterest in the TOD Account other than by virtue of the designation ofBenefciary, U.S. Bancorp Investments may require full resolution of suchclaims and disputes by adjudication, arbitration, or any other methodacceptable to U.S. Bancorp Investments prior to transfer.16. Satisfaction of Account Debts. In the event there is any debit balance inthe TOD Account at the Death of the last surviving Account Owner, EligibleSecurities selected by U.S. Bancorp Investments in its sole discretion shall besold and the proceeds from the sale thereof used to satisfy such debit balanceprior to any transfer.17. No Duty to Notify Benefciaries. U.S. Bancorp Investments shall have no dutyto determine whether the Account Owner(s) are still alive. Upon learning of theDeath of the last surviving Account Owner, U.S. Bancorp Investments shall notbe obligated to notify any of the Benefciaries of the fact of their designationand the Death of the last surviving Account Owner. U.S. Bancorp Investmentsshall have no liability to any Benefciary for any loss that may occur in the TODAccount after the Death of the Account Owner(s) and pending receipt of theproof of death and eligibility of the Benefciary.18. No Representations as to Effectiveness or Taxation. In accepting the TODAccount Agreement, U.S. Bancorp Investments makes no representations asto the effectiveness of the Benefciary designations or the tax consequences ofholding the TOD Account and transferring the Eligible Securities. The AccountOwner(s) are encouraged to seek legal or other counsel as the Account Owner(s)deem appropriate regarding all legal and tax issues relating in any way to theTOD Account Agreement, the TOD Account, and the Eligible Securities.b. An Affdavit and Action Request executed under oath in such formas U.S. Bancorp Investments may require by each Benefciary orthe personal representative of the Estate of the Account Owneraccompanied by a copy of the personal representative’s letters ofadministration certifed to a date not more than sixty (60) days prior tothe date of the affdavit. Such affdavit shall declare:(1) That the person executing the affdavit is a Benefciary or thepersonal representative of the Estate of the Account Owner.19. Amendments. This TOD Disclosure Statement may be amended from time totime by U.S. Bancorp Investments.(2) That the Account Owner is now deceased.(3) The name and address of the person who is to receive a transferunder the TOD Account Agreement then in force for TOD Account.20. Assignment. The TOD Account Agreement and any TOD Accounts may beassigned by U.S. Bancorp Investments to any affliated entity without the priorconsent of the Account Owner(s).(4) That there are no known disputes as to the persons entitled to a transferof the TOD Account or as to the amount to be transferred to each personand that there are no known claims that would affect the transfer.21. Customer Agreement to Arbitrate. All TOD Accounts shall be subject to therequirement that disputes be settled by arbitration, as shall be set forth in theCustomer Agreement.c. A waiver of inheritance taxes, if required.d. In the event any Benefciary does not survive the last surviving AccountOwner, proof of death of the Benefciary.13. Transfer of Eligible Securities. Upon receipt of proof of Death of theAc

Wealth Management U.S. Bancorp Investments TRANSFER ON DEATH (TOD) ACCOUNT AGREEMENT CLIENT INSTRUCTIONS g You are strongly advised to read pages 3 and 4 of the form for important information regarding Transfer on Death before completing pages 1 and 2 of the form. g For assistance completing this form, please call our service line at 1.800.888 .