BNY MELLON INVESTMENT SERVICING TRUST COMPANY

Supplement to the SIMPLE Individual Retirement Account (SIMPLE IRA)

Disclosure Statement For Tax Year 2018 2018 SIMPLE IRA CONTRIBUTION LIMITS:

The maximum allowable contribution to your SIMPLE IRA for tax year 2018 is 100% of your salary up to $12,500 as deferred compensation. This limit is in addition to your employer’s matching or non-elective contributions. In the case of an eligible employee who will be age 50 or older before the end of the calendar year, the above limitation is $15,500 for 2018. For tax years after 2018, the above limits may be subject to Internal Revenue Service (“IRS”) cost-of-living adjustments, if any. Please read the SIMPLE Individual Retirement Account Disclosure Statement carefully or consult IRS Publications 560 or consult a professional tax advisor for more information about eligibility requirements and contribution restrictions. RECHARACTERIZATION OF ROTH IRA CONVERSION IS NOW PROHIBITED (Correction Process):

Effective January 1, 2018, a Roth IRA conversion cannot be recharacterized back to a traditional IRA, SEP or SIMPLE IRA. In addition, amounts contributed to an employer sponsored qualified plan that were converted to a Roth IRA cannot be recharacterized back to an employer plan. A Roth IRA conversion is now deemed an irrevocable election and cannot be “reversed” or “corrected”. Prior to January 1, 2018, you could correct a Roth IRA conversion made in error by recharacterizing the conversion back to a traditional IRA, SEP or SIMPLE IRA. The recharacterization had to take place prior to the due date, including extensions, for filing your federal income tax return for the tax year in which the conversion was originally made. According to the IRS, you can recharacterize a Roth IRA conversion that took place in tax year 2017, provided that the recharacterization is completed by October 15, 2018. For more information, please visit the IRS web site www.irs.gov using the search term “IRA FAQs – Recharacterization of Roth Rollovers and Conversions”. PENALTY TAX WAIVER FOR MEDICAL EXPENSES:

Your receipt or use of any portion of your account (excluding any amount representing a return of non-deducted contributions) before you attain age 59½ is considered an early or premature distribution. The premature distribution is subject to a penalty tax equal to 10% of the distribution amount unless an exception applies. One such exception is a distribution used to pay medical expenses in excess of a certain percentage of your adjusted gross income. Effective immediately, the threshold for medical expenses has been reduced from 10% to 7.5% for tax years 2017 and 2018. QUALIFIED HURRICANE DISTRIBUTIONS:

If you sustained an economic loss due to Hurricanes Harvey, Irma or Maria, and your primary residence was located in one of the federally declared disaster areas, you may be eligible to request a qualified hurricane distribution from your traditional, Roth, SEP or SIMPLE IRA. A qualified hurricane distribution cannot not exceed $100,000 (in aggregate across all retirement accounts), and is subject to certain deadlines. Temporary tax relief includes:

• If you are under age 59½, the distribution will not be subject to a 10% early withdrawal penalty.

• The distribution may be repaid over a period of three years in the form of a rollover without being subject to the one rollover per 365 days rule or the 60-day rollover requirement.

• Amounts required to be included in taxable income may be spread over a three year period, if you so elect.

• Amounts withdrawn for a home purchase that was subsequently cancelled due to the hurricane can be recontributed without penalty.

For more information on qualified hurricane distributions and other tax relief provisions applicable to individuals affected by Hurricanes Harvey, Irma and Maria, please visit the IRS web site www.irs.gov using the search term “Tax Relief in Disaster Situations”. 2016 PRESIDENTIALLY DECLARED DISASTER AREAS – SPECIAL RELIEF:

If you sustained an economic loss due to a presidentially declared disaster (including severe storms, flooding, tornados, straight line winds, wildfires, and such), and your primary residence was located in one of the federally declared disaster areas, you may be eligible to request a qualified disaster distribution from your traditional IRA, Roth, SEP or SIMPLE IRA. A qualified disaster distribution cannot not exceed $100,000 (in aggregate across all retirement accounts), and is subject to certain deadlines.

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Temporary tax relief includes:

• If you are under age 59½, the distribution will not be subject to a 10% early withdrawal penalty.

• The distribution may be repaid over a period of three years in the form of a rollover without being subject to the one rollover per 365 days rule or the 60-day rollover requirement.

• Amounts required to be included in taxable income may be spread over a three year period, if you so elect.

• The distribution must be made on or after January 1, 2016 and before January 1, 2018. LATE ROLLOVER CONTRIBUTIONS:

The Internal Revenue Service (IRS) will permit you to deposit a late rollover contribution (exceeding the 60-day time limit), if you meet certain qualifications. All late rollover contribution deposits must be accompanied by a late rollover self-certification form. It is important to know that self-certification does not constitute an automatic waiver of the 60-day time limit. The IRS may, during the course of an examination, determine that your contribution does not meet the requirements for a waiver. If it is determined that you do not meet the requirements, you could be subject to additional income, income taxes and penalties. The IRA custodian is required to report all late rollover contribution deposits on IRS Form 5498. For more information and a list of qualifying events, please visit the Internal Revenue Service’s web site www.irs.gov using the search term “Revenue Procedure 2016-47”.

BNYMELLONINVESTMENTSERVICINGTRUSTCOMPANY

SupplementtotheSIMPLEIndividualRetirementAccount(SIMPLEIRA)DisclosureStatement

2017SIMPLEIRACONTRIBUTIONLIMITS:

ThemaximumallowablecontributiontoyourSIMPLEIRAfortaxyear2017is100%ofyoursalaryupto$12,500asdeferredcompensation.Thislimitisinadditiontoyouremployer’smatchingornon-electivecontributions.Inthecaseofaneligibleemployeewhowillbeage50orolderbeforetheendofthecalendaryear,theabovelimitationis$15,500for2017.Fortaxyearsafter2017,theabovelimitsmaybesubjecttoInternalRevenueService(“IRS”)cost-of-livingadjustments,ifany.PleasereadtheSIMPLEIndividualRetirementAccountDisclosureStatementcarefullyorconsultIRSPublications560or590orconsultaprofessionaltaxadvisorformoreinformationabouteligibilityrequirementsandcontributionrestrictions.LATEROLLOVERCONTRIBUTIONS:TheInternalRevenueService(IRS)willpermityoutodepositalaterollovercontribution(exceedingthe60-daytimelimit),ifyoumeetcertainqualifications.Alllaterollovercontributiondepositsmustbeaccompaniedbyalaterolloverself-certificationform.Itisimportanttoknowthatself-certificationdoesnotconstituteanautomaticwaiverofthe60-daytimelimit.TheIRSmay,duringthecourseofanexamination,determinethatyourcontributiondoesnotmeettherequirementsforawaiver.Ifitisdeterminedthatyoudonotmeettherequirementsyoucouldbesubjecttoadditionalincome,incometaxesandpenalties.TheIRAcustodianisrequiredtoreportalllaterollovercontributiondepositsonIRSForm5498.FormoreinformationandalistofqualifyingeventspleasevisittheInternalRevenueService’swebsitewww.irs.govusingthesearchterm“RevenueProcedure2016-47”.

DominiImpactInvestmentsSIMPLEIRA

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TABLEOFCONTENTS

SIMPLEINDIVIDUALRETIREMENTACCOUNT(IRA)DISCLOSURESTATEMENT 3

SIMPLEINDIVIDUALRETIREMENTCUSTODIALACCOUNTAGREEMENT 8

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Referencestothe"Custodian"meanBNYMellonInvestmentServicingTrustCompany.

SIMPLEINDIVIDUALRETIREMENTACCOUNT(IRA) DISCLOSURESTATEMENT

The following information is thedisclosure statement requiredby federal tax regulations.You should read thisDisclosureStatement, theCustodialAccountAgreementandprospectusesforthemutualfundsinwhichyourSavingsIncentiveMatchPlanforEmployeesofSmallEmployersIndividualRetirementAccount(“SIMPLEIRA”)contributionswillbeinvested.TherulesgoverningIRAsaresubjecttochange.YoushouldconsultInternalRevenueService(“IRS”)Publications560and590ortheIRSwebsitewww.irs.govforupdatedrulesandrequirements.

IMPORTANTINFORMATIONABOUTU.S.GOVERNMENTREQUIREMENTSTHATMAYAFFECTYOURACCOUNT

BNYMellonInvestmentServicingTrustCompany(“BNYMellon”,“we”,or“us”),providescustodialandadministrativeservicesforyourretirementorsavingsaccount.Asaresultofthisrole,personswhoopenaretirementorsavingsaccountareconsidered‘customers’ofBNYMellon(“you”or“your”).

TohelptheU.S.Governmentfightthefundingofterrorismandmoneylaunderingactivities,FederallawrequiresBNYMellon,asafinancialinstitution,toobtain,verify,andrecordinformationthatidentifieseachpersonwhoopensanaccount.Allaccountsweopenareopenedonaconditionalbasis–conditionedonourabilitytoverifyyouridentityinaccordancewithFederallaw.

Whenestablishinganaccount,youarerequiredtoprovideyourfulllegalname,address,governmentissuedidentificationnumber(e.g.socialsecuritynumber),dateofbirth,andotherinformationwithinyouraccount-openingapplicationthatwillallowustoidentifyyou.Wemayalsorequestacopyofyourdriver’slicenseorotheridentifyingdocumentsandmayconsultthird-partydatabasestohelpverifyyouridentity.Iftheaccountyouareopeningwillberegisteredinthenameofabeneficiary,trust,orestateorcharity,wemayrequireadditionalidentifyingdocumentation.

Ifyoufailtoprovideanyrequestedidentifyinginformationordocumentationwhenopeningyouraccount,yournewaccountapplicationmayberejected.

Ifweopenyouraccount,andyousubsequentlyfailtoprovideallidentificationmaterialswerequestorifwearesubsequentlyunabletoadequatelyverifyyouridentityasrequiredbyU.S.Governmentregulations,wereservetherighttotakeanyoneormoreofthefollowingactions:

Ø WemayplacerestrictionsonyouraccountwhichblockallpurchasetransactionsandwemayplaceadditionalrestrictionsonyouraccountblockingothertransactionalactivitiesifwedeterminesuchadditionalrestrictionsareappropriateunderFederallaworregulation.

Ø Wemaycloseyouraccount,sell(i.e.,"liquidate")theassetsinyouraccountintheprevailingmarketatthetime,andsendyouacheckrepresentingthecashproceedsofyouraccount.ThisdistributionwillbereportedtotheInternalRevenueServiceandmayresultinunfavorableconsequencestoyouunderFederalandstatetaxlaws.

YouMayIncurLosses.Despitebeingopenedasaconditionalaccount,youraccountwillbeinvestedasyouinstructandyouwillbesubjecttoallmarketrisksduringtheperiodbetweenaccountopeningandanyliquidationnecessitatedbyyourfailuretofurnishrequestedidentifyinginformationorbyaninabilitytoadequatelyverifyyouridentity.Youmayalsobesubjecttoadditionalmarketrisksiftheadditionaltransactionalrestrictionsdiscussedaboveareplacedonyouraccount.Inaddition,theclosingofyouraccountmaysubjectyoutofeesandchargesimposedbyasponsor,issuer,depositoryorotherpersonorentityassociatedwithoneormoreoftheassetsinwhichyouareinvested,andanysaleschargesyoumayhavepaidinconnectionwithyourpurchaseswillnotberefunded.

YouAssumeAllResponsibilityForTheseLosses.BNYMellonexpresslydisclaimsanyresponsibilityorliabilityforlossesyouincurasaresultofyourfailuretofurnishidentificationmaterialswerequest,includinginvestmentlossesandanyotherlossordamage(includingbutnotlimitedtolostopportunitiesandadversetaxconsequences).Ifyouproceedwiththeaccountopeningprocess,youacceptallrisksoflossresultingfromanyfailureofyourstofurnishtheidentificationmaterialswerequestorfromasubsequentinabilitytoadequatelyverifyyouridentityinaccordancewithFederallaworregulation.

STATEUNCLAIMEDPROPERTYLAWDISCLOSURE

Theassetsinyourcustodialaccountaresubjecttostateunclaimedpropertylawswhichprovidethatifnoactivityoccursinyouraccountwithinthetimeperiodspecifiedbytheparticularstatelaw,yourassetsmustbetransferredtotheappropriatestate.Wearerequiredbylawtoadviseyouthatyourassetsmaybetransferredtoanappropriatestateincompliancewiththesestatelaws.

REVOCATIONOFYOURSIMPLEIRA

YouhavetherighttorevokeyourSIMPLEIRAandreceivetheentireamountofyourinitialinvestmentbynotifyingtheCustodianinwritingwithinseven(7)daysof establishing your SIMPLE IRA (account open date). If you revoke your SIMPLE IRAwithin seven days, you are entitled to a return of the entire amountcontributed,withoutadjustment forsuch itemsassalescommissions,administrativeexpenses,or fluctuations inmarketvalue. IfyoudecidetorevokeyourSIMPLEIRA,noticeshouldbedeliveredormailedtotheaddresslistedintheapplicationinstructions.

Thisnoticeshouldbesignedbyyouandincludethefollowing:

1. Thedate.2. AstatementthatyouelecttorevokeyourSIMPLEIRA.3. YourSIMPLEIRAaccountnumber.4. ThedateyourSIMPLEIRAwasestablished.5. Yoursignatureandyournameprintedortyped.

Mailednoticewillbedeemedgivenonthedatethatitispostmarked,ifitisproperlyaddressedanddepositedeitherintheUnitedStatesmail,firstclasspostageprepaid,orwithanIRSapprovedovernightservice.Thismeansthatwhenyoumailyournotice,itmustbepostmarkedonorbeforetheseventhdayafteryourSIMPLEIRAwasopened.ArevokedIRAwillbereportedtotheIRSandtheparticipantonIRSForms1099-Rand5498.

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YOURSIMPLEIRAACCOUNT

YouhaveopenedaSIMPLEIRA,whichisanIRAfortheexclusivebenefitofyouandyourbeneficiaries,createdbyawritteninstrument(theCustodialAccountAgreement).

ThefollowingrequirementsapplytoyourSIMPLEIRA:

1. Contributions,transfersandrolloversmaybemadeonlyin"cash"bycheck,draft,orotherformacceptabletotheCustodian.2. TheCustodianmustbeabank,trustcompany,savingsandloanassociation,creditunionorapersonwhoisapprovedtoactinsuchacapacitybythe

SecretaryoftheTreasury.3. Nopartmaybeinvestedinlifeinsurancecontracts.4. Yourinterestmustbenonforfeitable.5. Theassetsofthecustodialaccountmaynotbemixedwithotherpropertyexceptinacommoninvestmentfund.6. YoumustbeginreceivingdistributionsfromyouraccountnolaterthanApril1oftheyearfollowingtheyearinwhichyouattainage70½;anddistributions

mustbecompletedoveraperiodthatisnotlongerthanthejointlifeexpectancyofyouandyourbeneficiary.CONTRIBUTIONS

For2017,theelectivedeferralcontributionlimitis$12,500or100%ofyoursalary,whicheverisless.Inthecaseofaneligibleemployeewhowillbeage50orolderbeforetheendofthecalendaryear,theabovelimitationis$15,500for2017.Fortaxyearsafter2017,theabovelimitsmaybesubjecttoIRScost-of-livingadjustments,ifany.PleasereadtheSIMPLEIndividualRetirementAccount(IRA)DisclosureStatementcarefullyorconsultIRSPublication560oraprofessionaltaxadvisorformoreinformationabouteligibilityrequirementsandcontributionrestrictions.

TAXTREATMENTOFCONTRIBUTIONS

SalaryreductioncontributionstoaSIMPLEIRAareexcludablefromfederalincometaxandarenotsubjecttofederalincometaxwithholdinguntildistributedtoyou.SalaryreductioncontributionstoaSIMPLEIRAaresubjecttotaxundertheFederalInsuranceContributionsAct(“FICA”),theFederalUnemploymentTaxAct(“FUTA”),andtheRailroadRetirementTaxAct(“RRTA”),andshouldbereportedaccordinglybyyouremployeronFormW-2,WageandTaxStatement.Youremployer’smatchingandnon-electivecontributionstoyourSIMPLEIRAarenotsubjecttoFICA,FUTA,orRRTAtaxes,andarenotrequiredtobereportedonFormW-2.CheckwithyourprofessionaltaxadvisorortheIRSwebsitewww.irs.govformoreinformation.

DESCRIPTIONOFAVAILABLEOPTIONSFORYOURCONTRIBUTIONS

Theassetsinyourcustodialaccountwillbeinvestedinaccordancewithinstructionscommunicatedbyyou(orfollowingyourdeath,byyourbeneficiary)orbyyour(orfollowingyourdeath,yourbeneficiary’s)authorizedagent.AccountcontributionsmaybeinvestedinsharesofoneormoremutualfundsmadeavailabletoyouinconnectionwiththisSIMPLEIRAaccount(the“MutualFunds”),or inotherinvestmentsthatareeligiblefor investmentundersection408(a)oftheInternalRevenueCodeandthatareacceptabletotheCustodianasinvestmentsundertheSIMPLEIndividualRetirementAccount(IRA)ApplicationandAdoptionAgreement.

MutualFundOption:AninvestmentinoneormoreMutualFundsinvolvesinvestmentrisks,includingpossiblelossofprincipal.Inaddition,growthinthevalueofyourMutualFundsisneitherguaranteednorprotectedduetothecharacteristicsofamutualfundinvestment.DetailedinformationaboutthesharesofeachMutualFundavailabletoyouforinvestmentofyourSIMPLEIRAcontributionsmustbefurnishedtoyouintheformofaprospectus.Themethodforcomputingandallocatingannualearningsissetforthintheprospectus.(Seethesectionofeachprospectusentitled"Dividends.")TheprospectusalsosetsforththecostsandexpensesyouincurbybeinginvestedinaparticularMutualFund;suchcostsandexpensesreduceanyyieldyoumightobtainfromtheMutualFunds.(Seethe section of the prospectus entitled "Expense Table" and the sections referred to therein.) For further information regarding expenses, earnings, anddistributionsofaparticularMutualFund,seethatMutualFund'sfinancialstatements,prospectusand/orstatementofadditionalinformation.

InArticleVIII,Section23oftheSIMPLEIRARETIREMENTCUSTODIALACCOUNTAGREEMENT("Section23"),whichconstitutesanimportantpartofthisSIMPLEIRAAPPLICATIONandADOPTIONAGREEMENT,youauthorizetheCustodiantoactinitsdiscretionforyourbenefitinsituationswhereassetsinyourcustodialaccountareliquidatedandtheCustodianhasnotreceivedinstructionsfromyouinatimelymannerregardingthedispositionofsuchproceedsorwheretheonlyinstructionsreceivedfromyoucannotreasonablyorpracticablybecarriedout.Forexample,aMutualFundmaytakeactionswhichresultinthatMutualFund,orinyourinvestmentinthatMutualFund,beinginvoluntarilyliquidated.TheMutualFundortheprospectusforthatMutualFundmaydirectthattheproceedsoftheliquidationbeplacedinanassetnotavailabletoyouunderthisSIMPLEIRAorprovidesolelythatthecashorotherpropertyresultingfromtheliquidationbedistributeddirectlytoshareholders.IftheCustodiandoesnotreceivetimelyinstructionsfromyouthatitcanreasonablyandpracticablycarryout(forexample,in-kindpropertydistributedbytheMutualFundmaynotbeapermissibleassetforaSIMPLEIRA),theninSection23youauthorizetheCustodiantoexerciseitsdiscretioninactingonyourbehalf, includingtakingsuchactionsasplacingtheproceedsinamoneymarketmutualfundoranFDIC-insuredbankaccountormoney market account, distributing the proceeds to you or holding the proceeds uninvested. Other examples may exist involving different liquidationcircumstancesanddifferentrestrictionsor limitationsregardingthedispositionoftheproceeds.TheCustodianexpresslydisclaimsanyliabilityforanyactiontakenoromittedundertheauthorityofSection23,unlesstheInternalRevenueCodeorregulationsimplementingtheInternalRevenueCoderequireotherwise.

EXCESSDEFERRALS

Important:Pleaseconsultwithyouremployertodiscusstheappropriatestepstocorrectexcesscontributions.

AmountsdeferredtoyourSIMPLEIRAinexcessoftheallowablelimitmaybesubjecttoanon-deductibleexcisetaxof6%foreachyearuntiltheexcessisremoved.The6%excisetaxwillnotapply iftheexcesscontributionandearningsallocableto itaredistributedbyApril15thoftheyearfollowingtheannualdeferral.AmountsdistributedafterApril15thmayincuradditionaladversetaxconsequences.YoushouldconsultaprofessionaltaxadvisorifdistributinganexcessafterApril15th.EarningswillberemovedwiththeexcesscontributionpursuanttoInternalRevenueCodeSection408(d)(4)andIRSPublication590.Forthepurposeoftheexcesscontribution,wewillcalculatethenetincomeattributable(“NIA”)tothecontributionusingthemethodprovidedforintheIRSFinalRegulationsforEarningsCalculationforReturnedorRecharacterizedContributions.ThismethodcalculatestheNIAbasedontheactualearningsandlossesoftheSIMPLEIRAduringthetimeitheldtheexcesscontribution.PleasenotethatanegativeNIAispermittedand,ifapplicable,willbedeductedfromtheamountoftheexcesscontribution.AnIRSForm1099-Rwillbeissuedintheyearthedistributiontakesplace.YoumustfileIRSForm5329toreportexcisetax.

Consultaprofessionaltaxadvisor,IRSPublications560and590ortheIRSwebsitewww.irs.govformoreinformationpertainingtoexcesscontributions.

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IMPORTANTCHANGESTOTHERULESGOVERNINGINDIRECT(60-DAY)ROLLOVERS

Effective January1, 2015, there is anew restrictionon indirect (60-day) IRA-to-IRA rollovers.An IRAparticipant is allowedonlyone rollover across all IRAs(Traditional,Rollover,Roth,SEP,SARSEPandSIMPLEIRAs)inaggregatethatataxpayerownsinany12-monthor365-dayperiod.Asanalternative,aparticipantcanmakeanunlimitednumberoftrustee-to-trusteetransferswheretheproceedsaredelivereddirectlytothereceivingfinancialinstitution,successorcustodianortrustee.Youmustcontactthereceivinginstitutiontoinitiateatrustee-to-trusteetransfer.FormoreinformationpleasevisittheInternalRevenueService’swebsitewww.irs.govusingthesearchterm“IRAOne-Rollover-Per-YearRule”. TRANSFERSANDROLLOVERSINTOYOURSIMPLEIRA

SIMPLEIRAsarenowpermittedtoacceptrolloveramountsfromotherIRAs(excludingRothIRAs),qualifiedretirementplans,403(b)plansandgovernmental457(b)plans,providedtherolloveroccurstwoyearsaftertheSIMPLEIRAisestablished.Previously,onlySIMPLEIRAassetscouldberolledoverintoaSIMPLEIRA.

TRANSFERSANDROLLOVERSBETWEENSIMPLEIRAS

Ingeneral,youmaytransfertheassetsofoneSIMPLEIRAtoanotherSIMPLEIRAwithouttaxconsequencesifyou1)transfertheassetsbywayofadirecttrustee-to-trusteetransfer,or2)“rollover”adistribution.Anontaxable"rollover"occurswhenyoudepositmoneyreceivedintoaSIMPLEIRAwithin60calendardays.TheIRSstrictlyenforcesthe60-daytimelimit.Ifyourolloveronlyaportionofadistribution,theportionthatisnotrolledoverwillbesubjecttotaxationandapplicablepenalties,ifany.[See“ImportantChangestotheRulesGoverningIndirect(60-day)Rollovers”above.]

LATEROLLOVERCONTRIBUTIONS:

TheInternalRevenueService(IRS)willpermityoutodepositalaterollovercontribution(exceedingthe60-daytimelimit),ifyoumeetcertainqualifications.Alllaterollovercontributiondepositsmustbeaccompaniedbyalaterolloverself-certificationform.Itisimportanttoknowthatself-certificationdoesnotconstituteanautomaticwaiverofthe60-daytimelimit.TheIRSmay,duringthecourseofanexamination,determinethatyourcontributiondoesnotmeettherequirementsforawaiver.Ifitisdeterminedthatyoudonotmeettherequirementsyoucouldbesubjecttoadditionalincome,incometaxesandpenalties.TheIRAcustodianisrequiredtoreportalllaterollovercontributiondepositsonIRSForm5498.FormoreinformationandalistofqualifyingeventspleasevisittheInternalRevenueService’swebsitewww.irs.govusingthesearchterm“RevenueProcedure2016-47”.

TRANSFERSANDROLLOVERSINTOOTHERTYPESOFRETIREMENTACCOUNTS-REQUIREDTWOYEARHOLDINGPERIOD

Onceyouhaveparticipatedinyouremployer’sSIMPLEIRAPlanfortwoyears,youmaytransferorrollovertheassetsinyourSIMPLEIRAtoanotherSIMPLEIRA,ortoaTraditionalorSEPIRAoranemployerplanwithouttaxconsequencesbymeansofadirecttrustee-to-trusteetransferora60-dayrollover.AnytransferorrolloveroutofaSIMPLEIRAintoanothertypeofIRAoremployerplanpriortosatisfyingtherequiredtwoyearholdingperiod(twoyearsfromthedateonwhichyoufirstparticipatedinaSIMPLEIRAmaintainedbyyouremployer)istreatedasadistributionfromyourSIMPLEIRA,whichissubjecttotaxationandmaybesubjecttoearlydistributionpenalties(see“TaxationofSIMPLEIRADistributions”below).

TAXATIONOFSIMPLEIRADISTRIBUTIONS

TheincomeofyourSIMPLEIRAisnottaxeduntilthemoneyisdistributedtoyou.Distributionsaretaxableasordinaryincomewhenreceived.Adistributionreceivedbeforeyouattainage59½isconsideredaprematuredistributionandissubjecttoapenaltytaxequalto10%ofthedistributionunlessanexceptionapplies(see“EarlyDistributionsfromaSIMPLEIRA”below).Iftheprematuredistributionismadepriortosatisfyingtherequiredtwoyearholdingperiod(twoyearsfromthedateonwhichyoufirstparticipatedinaSIMPLEIRAmaintainedbyyouremployer)andnoexceptionapplies,thenthepenaltytaxisincreasedto25%.

EARLYDISTRIBUTIONSFROMASIMPLEIRA

YourreceiptoruseofanyportionofyourSIMPLEIRAbeforeyouattainage59½isconsideredanearlyorprematuredistribution.Thedistributionissubjecttoapenaltytaxequalto10%ofthedistribution(thepenaltytaxisincreasedto25%ifthedistributionoccurspriortosatisfyingtherequiredtwoyearholdingperiod)unlessoneofthefollowingexceptionsappliestothedistribution:

1. duetoyourdeath,or2. madebecauseyouaredisabled,or3. usedspecificallyfordeductiblemedicalexpenseswhichexceed7.5%ofyouradjustedgrossincome,or4. usedforhealthinsurancecostduetoyourunemployment,or5. usedforhighereducationexpensesdefinedinsection529(e)(3)oftheInternalRevenueCode,or6. usedtowardtheexpensesofafirsttimehomepurchaseuptoalifetimelimitof$10,000,or

7. partofascheduledseriesofsubstantiallyequalperiodicpaymentsoveryourlife,oroverthejointlifeexpectancyofyouandabeneficiary.Ifyourequestadistributionintheformofaseriesofsubstantiallyequalperiodicpayments,andyoumodifythepaymentsbefore5yearshaveelapsedandbeforeattainingage59½,thepenaltytaxwillapplyretroactivelytotheyearpaymentsbeganthroughtheyearofsuchmodification,or

8. requiredbecauseofanIRSlevy,or9. thedistributionisaQualifiedReservistDistribution.

Thepenaltytaxisinadditiontoanyfederalincometaxthatisowedatthetimeofdistribution.Formoreinformationonthepenaltytaxandtheexceptionslistedabove,consultIRSPublications560and590.Ifyouaresubjecttoafederalpenaltytaxduetoaprematuredistribution,youmustfileIRSForm5329.

REQUIREDDISTRIBUTIONSFROMASIMPLEIRA

YouarerequiredtobeginreceivingminimumdistributionsfromyourSIMPLEIRAbyyourrequiredbeginningdate(April1oftheyearfollowingtheyearyouattainage70½).Theyearyouattainage70½isreferredtoasyour"firstdistributioncalendaryear".Yourrequiredminimumdistributionforeachyear,beginningwiththecalendaryearyouattainage70½,isgenerallybaseduponthevalueofyouraccountattheendoftheprioryeardividedbythefactorforyourage(derivedfrom the IRSUniform LifetimeDistribution Period Table). This table assumes youhave a designated spousebeneficiary exactly 10 years younger than you.However,ifyourspouseisyoursolebeneficiaryandismorethan10yearsyoungerthanyou,yourrequiredminimumdistributionforeachyearisbaseduponthejointlifeexpectanciesofyouandyourspouse.Theaccountbalancethatisusedtodetermineeachyear'srequiredminimumdistributionamountistheprioryearend fairmarketvalue (valueasofDecember31st),adjusted foroutstanding rollovers, transfersandrecharacterizations (that relate toaconversionor failedconversionmadeintheprioryear).YouareresponsiblefornotifyingtheCustodianofanyoutstandingamounts.

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Iftheamountdistributedduringataxableyearislessthantheminimumamountrequiredtobedistributed,youwillbesubjecttoapenaltytaxequalto50%ofthedifferencebetweentheamountdistributedandtheamountrequiredtobedistributed.Youareresponsibleformonitoringthisschedulefromyeartoyeartomakesurethatyouarewithdrawingtherequiredminimumamount.Ifyouaresubjecttoafederalpenaltytaxduetoamissedrequiredminimumdistribution,youmustfileIRSForm5329.

However,nopaymentwillbemadefromthisSIMPLEIRAuntilyouprovidetheCustodianwithaproperdistributionrequestacceptablebytheCustodian.Uponreceiptofsuchdistributionrequest,youmayswitchtoajointlifeexpectancyindeterminingtherequiredminimumdistributionifyourspousewasyoursolebeneficiary,asoftheJanuary1stofthecalendaryearthatcontainsyourrequiredbeginningdate,andsuchspouseismorethan10yearsyoungerthanyou.TherequiredminimumdistributionfortheseconddistributioncalendaryearandforeachsubsequentdistributioncalendaryearmustbemadebyDecember31stofeachsuchyear.ASIMPLEIRArequiredminimumdistributionelectionformisavailablefromtheCustodian.

BENEFICIARYDESIGNATIONS

PerStirpesBeneficiaryDesignations:TheCustodianshallacceptascompleteandaccurateallwritteninstructionsprovidedingoodorderbytheestate/executorwithregardtotheidentificationofthebeneficiariesandtheallocationsthereto.

Intheeventofyourdeath,thebalanceofyourcustodialaccountshallbepaidtotheprimarybeneficiarieswhosurviveyouinequalshares(orinthespecifiedshares,ifindicated).Ifnoneoftheprimarybeneficiariessurviveyou,thebalanceofyouraccountshallbepaidtothecontingentbeneficiarieswhosurviveyouinequalshares(orinthespecifiedshares,ifindicated).Ifyounamemultipleprimarybeneficiariesandabeneficiarydoesnotsurviveyou,suchinterestisterminatedandthatpercentagewillbedividedproportionatelyamongtheremainingprimarybeneficiaries.Similarly,unlessyouhavespecifiedotherwise, ifnoprimarybeneficiary survivesyouandyouhavenamedmultiplecontingentbeneficiariesandabeneficiarydoesnot surviveyou, such interest is terminatedand thatpercentagewillbedividedproportionatelyamongtheremainingcontingentbeneficiaries.

YoumaychangeyourbeneficiariesatanytimebygivingwrittennoticetotheCustodian.Ifyoudonotdesignateabeneficiary,orifalldesignatedbeneficiariespredeceaseyou,yoursurvivingspousewillbecomethebeneficiaryofyourIRA.Ifyoudonothaveasurvivingspouseatthetimeofyourdeath,yourestatewillbecomethebeneficiaryofyourIRA.Ifatrustisdesignatedasabeneficiary,youmustprovideboththedateofthetrustandthename(s)ofthetrustee(s).

SPOUSALBENEFICIARYDESIGNATIONINTHEEVENTOFDIVORCE

In the event of a divorce or legal separation, the Custodianwill not automatically remove the former spouse as the designated beneficiarywithout courtappointment.Ifyourlifecircumstanceshavechanged,wesuggestyousubmitanIRABeneficiaryDesignationForm.ThecurrentbeneficiarydesignationonfilewiththeCustodianwillbedeemedvalidandinfullforceuntilsuchdateastheCustodianreceivesasignedIRABeneficiaryDesignationForm,ingoodorder.

SPOUSALPROVISIONSFORSAMESEXCOUPLES

Inaccordancewith federal regulations,wherean individual is lawfullymarriedtoanother individual, regardlessofsex,both individualsshallbetreatedasa“spouse”forfederaltaxpurposes.Individualsinacivilunionordomesticpartnershipwillnotbetreatedasspousesforfederaltaxpurposes.

SIMPLEIRADISTRIBUTIONSDUETODEATH

If,priortoyourdeath,youhavenotstartedtotakeyourrequireddistributionsandyouproperlydesignatedabeneficiary(ies),theentirevalueofyourSIMPLEIRAmustbedistributedtoyourbeneficiarieswithinfiveyearsafteryourdeath,unlessthedesignatedbeneficiaryelectsinwriting,nolaterthanSeptember30thoftheyearfollowingtheyearinwhichyoudie,totakedistributionsovertheirlifeexpectancy.ThesedistributionsmustcommencenolaterthanDecember31stofthecalendaryearfollowingthecalendaryearofyourdeath.However,ifyourspouseisyoursolebeneficiary,thesedistributionsarenotrequiredtocommenceuntiltheDecember31stofthecalendaryearyouwouldhaveattainedage70½,ifthatdateislaterthantherequiredcommencementdateintheprevioussentence.Ifyoudiebeforeyourrequiredbeginningdateandyoudonothaveadesignatedbeneficiary,thebalanceinyourSIMPLEIRAmustbedistributednolaterthantheDecember31stofthecalendaryearthatcontainsthefifthanniversaryofyourdeath.

Ifyoudieonorafteryourrequiredbeginningdateandyouhaveadesignatedbeneficiary,thebalanceinyourSIMPLEIRAwillbedistributedtoyourbeneficiaryoverthebeneficiary'ssinglelifeexpectancy.ThesedistributionsmustcommencenolaterthanDecember31stofthecalendaryearfollowingthecalendaryearofyourdeath.Ifyoudieonorafteryourrequiredbeginningdateandyoudonothaveadesignatedbeneficiary,thebalanceinyourSIMPLEIRAmustbedistributedoveraperiodthatdoesnotexceedyourremainingsinglelifeexpectancydeterminedintheyearofyourdeath.However,therequiredminimumdistributionforthecalendaryearthatcontainsthedateofyourdeathisstillrequiredtobedistributed.Suchamountisdeterminedasifyouwerestillalivethroughoutthatyear.

Ifyourspouseisyoursolebeneficiary,yourspousemayelecttotreatyourSIMPLEIRAastheirownSIMPLEIRA,whetheryoudiebeforeorafteryourrequiredbeginningdate.IfyoudieafteryourrequiredbeginningdateandyourspouseelectstotreatyourSIMPLEIRAashisorherownSIMPLEIRA,anyrequiredminimumthathasnotbeendistributedfortheyearofyourdeathmuststillbedistributedtoyoursurvivingspouseandthentheremainingbalancecanbetreatedasyourspouse'sownSIMPLEIRA.Afteryourdeath,yourdesignatedbeneficiarymaynameasubsequentbeneficiary.Anysubsequentbeneficiariesmusttakedistributionsatleastasfrequentlyastheoriginaldesignatedbeneficiary.

Ifyoudonotproperlydesignateabeneficiary,oralldesignatedbeneficiarieshavepredeceasedyou,yourspouseshallbecomethebeneficiaryor,ifnosurvivingspouseorunmarried,thedistributionwillbemadetoyourestate.ConsultIRSPublication590foracompletediscussionofrulesgoverningdistributionsduetodeath.

CONVERTINGTOAROTHIRA

Youmayalso“convert”alloraportionofyourSIMPLEIRA(aftersatisfyingtherequiredtwoyearholdingperiod)toaRothIRA.Youmaynotconvertanyportionofarequiredminimumdistribution(RMD).Aconversionisatypeofdistributionandisnottax-free.Distributionsaretaxableasordinaryincomewhenreceived,excepttheamountofanydistributionrepresentingthereturnofnon-deductedcontributionsisnottaxed.The10%penaltytaxonearlydistributionsdoesnotapplytoconversionamountsunlessanamountattributabletoaconversionisdistributedfromtheRothIRApriortofiveyearsfromthedateoftheconversion.YourSIMPLEIRAmaybeconvertedtoaRothIRAbymeansofanin-housedirecttransfer(withinthesamefinancialinstitution)orasadirecttransferbetweentwodifferentfinancialinstitutions.

AconversionisreportedasadistributionfromyourSIMPLEIRA(IRSForm1099-R)andaconversioncontributiontoyourRothIRA(IRSForm5498).TherulesregardingconversionstoRothIRAsarecomplexandyoushouldconsultaprofessionaltaxadvisorpriortoaconversion.

RECHARACTERIZATIONOFAROTHIRACONVERSION(CorrectionProcess)

Youmaycorrecta conversionmade inerrorby recharacterizing theconversion.Aconversion is recharacterizedby transferring theconversionamountplusallocableearningsbacktoaSIMPLEIRA.Thecorrectionmusttakeplacepriortotheduedate,includingextensions,forfilingyourfederalincometaxreturnfor

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thetaxyearinwhichtheconversionwasoriginallymade.ArecharacterizedconversionmaybeconvertedbacktoaRothIRA,howeverlimitationsmayapply.AssetsthathavebeenrecharacterizedbacktoaSIMPLEIRAcannotbereconvertedtoaRothIRAinthesametaxyearorwithinthirtydaysoftherecharacterization.ArecharacterizedconversionisreportedasadistributionfromtheRothIRA(IRSForm1099-R)andarecharacterizationcontributiontotheSIMPLEIRA(IRSForm5498)forthetaxyearinwhichtherecharacterizationoccurs.Therulesregardingrecharacterizationarecomplexandyoushouldconsultaprofessionaltaxadvisorpriortoanyrecharacterizationorreconversion.ArecharacterizationformisavailablefromtheCustodianandshouldbeusedforallrecharacterizationrequests.

FEESANDCHARGES

ThereisanannualcustodialmaintenancefeeforyourSIMPLEIRAaccountassetforthontheApplication.TheCustodianmayalsochargeaservicefeeinconnectionwithanydistributionfromyourSIMPLEIRA.

SAVER’STAXCREDIT:

TheSaver’sTaxCreditrewardslowtomoderateincometaxpayerswhocontributetowardtheirretirementsavingswithanon-refundabledollarfordollartaxcreditthatcouldreducetheirfederalincometaxliability.Eligibilitytoparticipateintheprogramisbasedonyourfilingstatusandadjustedgrossincome.FormoreinformationabouttheSaver’sCredit,checktheIRSwebsitewww.irs.govundertheterm“RetirementSavingsContributionsCredit”or“Saver’sCredit”.

QUALIFIEDRESERVISTDISTRIBUTIONS

EarlydistributionspaidtocertainmilitaryreservistscalledtoactivedutyafterSeptember11,2001(“QualifiedReservistDistributions”)areeligibletoberepaidtoanIRAwithinatwo-yearperiodaftertheendofactiveduty.ThisprovisionappliestodistributionsmadeafterSeptember11,2001.Repaymentscannotexceedthe amount of yourQualified Reservist Distributions. Repayment cannot bemade after the date that is two years after your active duty period ends. Therepaymentsarenottreatedasrollovers.

PROHIBITEDTRANSACTIONS

IfyouoryourbeneficiaryengagesinanyprohibitedtransactionasdescribedinInternalRevenueCodeSection4975(c)(suchasanysale,exchange,borrowing,orleasingofanypropertybetweenyouandyourSIMPLE IRA;oranyother interferencewith the independent statusof theaccount), theaccountwill lose itsexemptionfromtaxandbetreatedashavingbeendistributedtoyouinthetaxyearinwhichyouoryourbeneficiaryengagedintheprohibitedtransaction.Thedistributionmayalsobesubjecttoadditionalpenalties includingapossiblepenaltytax ifyouhavenotattainedage59½.SeeIRSPublication590forfurtherinstructionsoncalculatingtaxablegain,reportingamountsinincomeandprohibitedtransactionpenaltytaxes.

Inaddition, ifyouoryourbeneficiaryuse(pledge)alloranypartofyourSIMPLE IRAassecurityfora loan,thentheportionsopledgedwillbetreatedas ifdistributedtoyou,andwillbetaxabletoyou.Yourdistributionmayalsobesubjecttoapenaltytaxifyouhavenotattainedage59½duringtheyearwhichyoumakesuchapledge.

ESTATETAX

Amountspayabletoyourspouse,asyournamedbeneficiary,mayqualifyforamaritaltaxdeductionforfederalestatetaxpurposes.

INCOMETAXWITHHOLDING

TheCustodianisrequiredtowithholdfederalincometaxfromanydistributionfromyourSIMPLEIRAtoyouattherateof10%unlessyouchoosenottohavetaxwithheld.YoumayelectoutofwithholdingbyadvisingtheCustodianinwriting,priortothedistribution,thatyoudonotwanttaxwithheldfromthedistribution.ThiselectionmaybemadeonanydistributionrequestformprovidedbytheCustodian.Ifyoudonotelectoutoftaxwithholding,youmaydirecttheCustodiantowithholdanadditionalamountoftaxinexcessof10%.

StateincometaxwithholdingmayalsoapplytodistributionsfromyourSIMPLEIRAwhenfederalincometaxiswithheld.Pleasecontactyourtaxadvisororstatetaxauthorityforinformationaboutyourstate’sincometaxwithholdingrequirements.

ADDITIONALINFORMATION

Distributionsunder$10willnotbereportedonIRSForm1099-R(asallowedunderIRSregulations).However,youmuststillreportthesedistributionstotheIRSonyourForm1040(aswellasotherformsthatmayberequiredtoproperlyfileyourtaxreturn).

For more detailed information, you may obtain IRS Publication 560-Retirement Plans for Small Business and IRS Publication 590-Individual RetirementArrangements (IRAs) from any district office of the Internal Revenue Service or by calling 1-800-TAX-FORM. Any SIMPLE IRA transaction may have taxconsequences;consultyourprofessionaltaxadvisortoobtaininformationaboutthetaxconsequencesinconnectionwithyourparticularcircumstances.

IRSAPPROVEDFORM

YourSIMPLEIRAistheInternalRevenueService'smodelcustodialaccountcontainedinIRSForm5305-SA.CertainadditionshavebeenmadeinArticleVIIIoftheform.By following this form,yourSIMPLE IRAmeets the requirementsof the InternalRevenueCode.However, the IRShasnotendorsed themeritsof theinvestmentsallowedundertheSIMPLEIRA.ThisformcannotbeusedwithCoverdellESAs,Roth,SEP,orTraditionalIRAs.

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SIMPLEINDIVIDUALRETIREMENTCUSTODIALACCOUNTAGREEMENT(Form5305-SAMarch2002)

TheparticipantisestablishingaSavingsIncentiveMatchPlanforEmployeesofSmallEmployersIndividualRetirementAccount(“SIMPLEIRA”)undersections408(a)and408(p)oftheInternalRevenueCodetoprovideforhisorherretirementandforthesupportofhisorherbeneficiariesafterdeath.TheCustodianhasgiventheparticipantthedisclosurestatementrequiredunderRegulationssection1.408-6.

TheparticipantandtheCustodianmakethefollowingagreement:

ARTICLEI

TheCustodianwillacceptcashcontributionsmadeonbehalfoftheparticipantbytheparticipant’semployerunderthetermsofaSIMPLEIRAplandescribedinsection408(p). Inaddition, theCustodianwillaccepttransfersorrollovers fromotherSIMPLE IRAsof theparticipant.NoothercontributionswillbeacceptedbytheCustodian.

ARTICLEII

Theparticipant’sinterestinthebalanceinthecustodialaccountisnonforfeitable.

ARTICLEIII

1. Nopartofthecustodialaccountfundsmaybeinvestedinlifeinsurancecontracts,normaytheassetsofthecustodialaccountbecommingledwithotherpropertyexceptinacommontrustfundorcommoninvestmentfund(withinthemeaningofsection408(a)(5)).

2. Nopartofthecustodialaccountfundsmaybeinvestedincollectibles(withinthemeaningofsection408(m))exceptasotherwisepermittedbysection408(m)(3),whichprovidesanexceptionforcertaingold,silver,andplatinumcoins,coinsissuedunderthelawsofanystate,andcertainbullion.

ARTICLEIV

1. Notwithstandinganyprovisionofthisagreementtothecontrary,thedistributionoftheparticipant’sinterestinthecustodialaccountshallbemadeinaccordancewiththefollowingrequirementsandshallotherwisecomplywithsection408(a)(6)andtheregulationsthereunder,theprovisionsofwhichareincorporatedbyreference.

2. Theparticipant’sentireinterestinthecustodialaccountmustbe,orbegintobe,distributednotlaterthantheparticipant’srequiredbeginningdate,April1followingthecalendaryearinwhichtheparticipantreachesage70½.Bythatdate,theparticipantmayelect,inamanneracceptabletotheCustodian,tohavethebalanceinthecustodialaccountdistributedin:

(a) Asinglesum,or

(b) Paymentsoveraperiodnotlongerthanthelifeoftheparticipantorthejointlivesoftheparticipantandhisorherdesignatedbeneficiary.

3. Iftheparticipantdiesbeforehisorherentireinterestisdistributedtohimorher,theremaininginterestwillbedistributedasfollows:

(a) Iftheparticipantdiesonoraftertherequiredbeginningdateand:

(i) thedesignatedbeneficiary istheparticipant’ssurvivingspouse,theremaining interestwillbedistributedoverthesurvivingspouse’s lifeexpectancyasdeterminedeachyearuntilsuchspouse’sdeath,orovertheperiodinparagraph(a)(iii)belowiflonger.Anyinterestremainingafterthespouse’sdeathwillbedistributedoversuchspouse’sremaininglifeexpectancyasdeterminedintheyearofthespouse’sdeathandreducedby1foreachsubsequentyear,or,ifdistributionsarebeingmadeovertheperiodinparagraph(a)(iii)below,oversuchperiod.

(ii) thedesignatedbeneficiaryisnottheparticipant’ssurvivingspouse,theremaininginterestwillbedistributedoverthebeneficiary’sremaininglifeexpectancyasdeterminedintheyearfollowingthedeathoftheparticipantandreducedby1foreachsubsequentyear,orovertheperiodinparagraph(a)(iii)belowiflonger.

(iii) there is no designated beneficiary; the remaining interest will be distributed over the remaining life expectancy of the participant asdeterminedintheyearoftheparticipant’sdeathandreducedby1foreachsubsequentyear.

(b) Iftheparticipantdiesbeforetherequiredbeginningdate,theremaininginterestwillbedistributedinaccordancewith(i)belowor,ifelectedorthereisnodesignatedbeneficiary,inaccordancewith(ii)below:

(i) Theremaininginterestwillbedistributedinaccordancewithparagraphs(a)(i)and(a)(ii)above(butnotovertheperiodinparagraph(a)(iii),eveniflonger),startingbytheendofthecalendaryearfollowingtheyearoftheparticipant’sdeath.If,however,thedesignatedbeneficiaryistheparticipant’ssurvivingspouse,thenthisdistributionisnotrequiredtobeginbeforetheendofthecalendaryearinwhichtheparticipantwouldhavereachedage70½.But,insuchcase,iftheparticipant’ssurvivingspousediesbeforedistributionsarerequiredtobegin,thentheremaininginterestwillbedistributedinaccordancewith(a)(ii)above(butnotovertheperiodinparagraph(a)(iii),eveniflonger),oversuchspouse’sdesignatedbeneficiary’slifeexpectancy,orinaccordancewith(ii)belowifthereisnosuchdesignatedbeneficiary.

(ii) Theremaininginterestwillbedistributedbytheendofthecalendaryearcontainingthefifthanniversaryoftheparticipant’sdeath.

4. Iftheparticipantdiesbeforehisorherentireinteresthasbeendistributedandifthedesignatedbeneficiaryisnottheparticipant’ssurvivingspouse,noadditionalcontributionsmaybeacceptedintheaccount.

5. Theminimumamountthatmustbedistributedeachyear,beginningwiththeyearcontainingtheparticipant’srequiredbeginningdate,isknownasthe“requiredminimumdistribution”andisdeterminedasfollows:

(a) Therequiredminimumdistributionunderparagraph2(b)foranyyear,beginningwiththeyeartheparticipantreachesage70½,istheparticipant’saccountvalueatthecloseofbusinessonDecember31oftheprecedingyeardividedbythedistributionperiodintheuniformlifetimetableinRegulations section1.401(a)(9)-9.However, if theparticipant’s designatedbeneficiary is his or her surviving spouse, the requiredminimumdistributionforayearshallnotbemorethantheparticipant’saccountvalueatthecloseofbusinessonDecember31oftheprecedingyeardividedbythenumberinthejointandlastsurvivortableinRegulationssection1.401(a)(9)-9.Therequiredminimumdistributionforayearunderthisparagraph(a)isdeterminedusingtheparticipant’s(or,ifapplicable,theparticipantandspouse’s)attainedage(orages)intheyear.

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(b) Therequiredminimumdistributionunderparagraphs3(a)and3(b)(i)forayear,beginningwiththeyearfollowingtheyearoftheparticipant’sdeath(ortheyeartheparticipantwouldhavereachedage70½,ifapplicableunderparagraph3(b)(i))istheaccountvalueatthecloseofbusinessonDecember31oftheprecedingyeardividedbythelifeexpectancy(inthesinglelifetableinRegulationssection1.401(a)(9)-9)oftheindividualspecifiedinsuchparagraphs3(a)and3(b)(i).

(c) Therequiredminimumdistributionfortheyeartheparticipantreachesage70½canbemadeaslateasApril1ofthefollowingyear.Therequiredminimumdistributionforanyotheryearmustbemadebytheendofsuchyear.

6. TheowneroftwoormoreIRAs(otherthanRothIRAs),maysatisfytheminimumdistributionrequirementdescribedabove,bytakingfromoneIRAtheamountrequiredtosatisfytherequirementforanotherinaccordancewiththeregulationsunder408(a)(6).

ARTICLEV

1. TheparticipantagreestoprovidetheCustodianwithallinformationnecessarytoprepareanyreportsrequiredbysections408(i)and408(I)(2)andRegulationssections1.408-5and1.408-6.

2. TheCustodianagreestosubmittotheInternalRevenueService(IRS)andparticipantthereportsprescribedbytheIRS.

3. TheCustodianalsoagreestoprovidetheparticipant’semployerthesummarydescriptiondescribedinsection408(l)(2)unlessthisSIMPLEIRAisatransferSIMPLEIRA.

ARTICLEVI

Notwithstandinganyotherarticles,whichmaybeaddedorincorporated,theprovisionsofArticlesIthroughIIIandthissentencewillbecontrolling.Anyadditionalarticlesthatarenotconsistentwithsections408(a)and408(p)andtherelatedregulationswillbeinvalid.

ARTICLEVII

ThisagreementwillbeamendedfromtimetotimetocomplywiththeprovisionsoftheCodeandrelatedregulations.OtheramendmentsmaybemadewiththeconsentofthepersonswhosesignatureappearsontheSIMPLEIRAAccountApplicationandAdoptionAgreement.

ARTICLEVIII

1. All funds in thecustodialaccount (includingearnings) shallbe invested inassetspermissibleunder theCodewhichhavebeendesignatedby theCustodianaseligibleforinvestment("EligibleAssets")asdirectedbytheparticipantincompliancewiththisAgreement.EligibleAssetswillbepurchasedatthepricesdeterminedinaccordancewiththemarketapplicabletoparticularEligibleAssets.

2. TheCustodianmayholdallEligibleAssetsinaccountsregisteredtotheCustodianoritsnominee.ParticipantshallbethebeneficialownerofallEligibleAssetsheldinthecustodialaccountnotwithstandingsuchregistration.

3. Theparticipantshall,fromtimetotime,directtheCustodiantoinvestfundsreceivedbytheCustodianunderthisAgreement.AnyfundsreceivedbytheCustodianunderthisAgreementforwhichtheCustodiandoesnotreceiveinvestmentdirectionsmay,atthesolediscretionoftheCustodian,bereturned to the participant or held uninvested until direction is received from the participant, in either casewithout such funds being deemedcontributedtothecustodialaccount.TheparticipantshallbethebeneficialownerofallEligibleAssetsheldinthecustodialaccount,andtheCustodianshallnotvoteanysuchsharesexceptuponwrittendirectionoftheparticipant.

4. TheCustodianagreestoforward,ortocausetobeforwarded,toparticipant(i)thethen-currentprospectus,ifany,applicabletoeachEligibleAssetheldinthecustodialaccount,and(ii)anynotices,proxiesandproxysolicitingmaterialsreceivedbyitwithrespecttoEligibleAssetsheldinthecustodialaccount.

5. TheparticipantshallhavetherightbywrittennoticetotheCustodian(i)todesignateoneormorebeneficiariestoreceiveanybenefittowhichtheparticipantmaybeentitledintheeventoftheparticipant'sdeathpriortothecompletedistributionofsuchbenefit,and(ii)todesignateoneormorebeneficiariesinreplacementofanypreviouslydesignatedbeneficiaries.Anysuchnoticewillbedeemedtobeineffectwhenreceivedingoodorderbythe Custodian. If no such designation is in effect at the time of the participant's death, or if all designated beneficiaries have predeceased theparticipant,theparticipant'ssurvivingspouseshallbecometheparticipant'sbeneficiary,or,iftheparticipantdoesnothaveasurvivingspouseatthetimeofdeath,thedistributionwillbemadetotheparticipant'sestate.

6.

(a) TheCustodianshallhavetherighttoreceiverollovercontributionsasdescribedinArticleIofthisAgreement.TheCustodianreservestherighttorefusetoacceptanypropertyorcontributionwhichisnotintheformofcash.

(b) TheCustodian,uponwrittendirectionoftheparticipantandaftersubmissiontotheCustodianofsuchdocumentsasitmayreasonablyrequire,shalltransfertheassetsheldunderthisAgreement(reducedby(1)anyamountsreferredtoinparagraph8ofthisArticleVIIIand(2)anyamountsrequiredtobedistributedduringthecalendaryearoftransfer)toasuccessorindividualretirementaccount,toanindividualretirementannuityfortheParticipant'sbenefit,ordirectlytotheparticipant.

AnyamountsreceivedortransferredbytheCustodianunderthisparagraph6shallbeaccompaniedbysuchrecordsandotherdocumentsastheCustodiandeemsnecessarytoestablishthenature,valueandextentoftheassetsandofthevariousintereststherein.

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7. Withoutinanywaylimitingtheforegoing,theparticipantherebyirrevocablydelegatestotheCustodiantherightandpowertoamendatanytimeandfromtimetotimethetermsandprovisionsofthisAgreementandherebyconsentstosuchamendments,providedtheyshallcomplywithallapplicableprovisionsoftheCode,theTreasuryregulationsthereunderandwithanyothergovernmentallaw,regulationorruling.AnysuchamendmentsshallbeeffectivewhenthenoticeofsuchamendmentsismailedtotheaddressoftheparticipantindicatedbytheCustodian'srecords.

8. Anyincometaxesorothertaxesofanykindwhatsoeverleviedorassesseduponorinrespectoftheassetsofthecustodialaccountortheincomearising there from,any transfer taxes incurred,allotheradministrativeexpenses incurred, specifically includingbutnot limited to,administrativeexpenses incurred by the Custodian in the performance of its duties and fees for legal services rendered to the Custodian, and the Custodian'scompensationmaybepaidby theparticipantand,unlesssopaidwithinsuch timeperiodas theCustodianmayestablish, shallbepaid fromtheparticipant'scustodialaccount.TheCustodianreservestherighttochangeoradjustitscompensationupon30daysadvancenoticetotheparticipant.

9. Thebenefitsprovidedhereunder shallnotbesubject toalienation,assignment,garnishment,attachment,executionor levyofanykind,andanyattempttocausesuchbenefitstobesosubjectedshallnotberecognized,excepttosuchextentasmayberequiredbylaw.

10. TheCustodianmayrelyuponanystatementbytheparticipant(ortheparticipant’sbeneficiaryiftheparticipantisdeceased)whentakinganyactionordetermininganyfactorquestionwhichmayariseunderthisAgreement.TheparticipantherebyagreesthatneithertheCustodiannoranysponsor,issuer,depositoryorotherpersonorentityassociatedwithanyEligibleAssetheldatanytimeinthecustodialaccountwillbeliableforanylossorexpenseresultingfromanyactiontakenordeterminationmadeinrelianceonsuchstatement.Theparticipantassumessoleresponsibilityforassuringthat contributions to the custodial account satisfy the limits specified in the appropriate provisions of the Code. The participant agrees that theparticipantwillnotdirect theCustodian toengage inanyprohibited transactions (asdefined inCodesection4975)with respect to theCustodialAccount.

11. TheCustodianmayresignatanytimeupon30dayswrittennoticetotheparticipantandtothesponsor,issuer,depositoryorotherpersonorentityprimarilyassociatedwitheachEligibleAssetheldinthecustodialaccount,andmayberemovedbytheparticipantatanytimeupon30dayswrittennoticetotheCustodian.UpontheresignationorremovaloftheCustodian,asuccessorCustodianshallbeappointedwithin30daysofsuchresignationnoticeandintheabsenceofsuchappointment,theCustodianshallappointasuccessorunlesstheAgreementbesoonerterminated.AnysuccessorCustodianshallbeabank(asdefinedinsection408(n)oftheCode)orsuchotherpersonfoundqualifiedtoactasaCustodianunderanindividualaccountplanbytheSecretaryoftheTreasuryorhisdelegate.TheappointmentofasuccessorCustodianshallbeeffectiveuponreceiptbytheCustodianofsuchsuccessor'swrittenacceptance,whichshallbesubmittedtotheCustodian,sponsor, issuer,depositoryorotherpersonorentityprimarilyassociatedwitheachEligibleAssetheldinthecustodialaccount,andtheparticipant.Within30daysoftheeffectivedateofasuccessorCustodian'sappointment, theCustodian shall transfer anddeliver to the successorCustodian applicable account records and assets of the custodial account(reducedbyanyunpaidamountsreferredtoinparagraph8ofthisArticleVIII).ThesuccessorCustodian(andanysuccessorthereto)shallbesubjecttotheprovisionsofthisAgreement(oranysuccessorthereto)ontheeffectivedateofitsappointment.

12. TheCustodianshall,fromtimetotime,inaccordancewithinstructionsinwritingorbymeansofrecordedtelephoneconversationwiththeparticipant(ortheparticipant’sauthorizedagent,ortheparticipant’sbeneficiary,iftheparticipantisdeceased),makedistributionsoutofthecustodialaccounttotheparticipantinthemannerandamountsasmaybespecifiedinsuchinstructions(reducedbyanyamountsreferredtoinArticleVIII,paragraph8).ASIMPLEIRADistributionRequestFormisavailablefromtheCustodian,andmaybeobtainedandusedtorequestanydistributionfromyourSIMPLEIRA.NotwithstandingtheprovisionsofArticleIVabove,theCustodianassumes(andshallhave)noresponsibilitytomakeanydistributionfromthecustodialaccountunlessanduntilsuchinstructionsspecifytheoccasionforsuchdistributionandtheelectedmannerofdistribution,exceptassetforthinthesecondpartofthisparagraph(12)below,withrespecttoage70½distributions.

Priortomakinganysuchdistributionfromthecustodialaccount,theCustodianshallbefurnishedwithanyandallapplications,certificates,taxwaivers,signatureguarantees,andotherdocuments(includingproofofanylegalrepresentative'sauthority)deemednecessaryoradvisablebytheCustodian,buttheCustodianshallnotbeliableforcomplyingwithanysuchinstructionswhichappearontheirfacetobegenuine,orforrefusingtocomplyifnotsatisfiedsuchinstructionsaregenuine,andassumesnodutyoffurtherinquiry.Uponreceiptofproperinstructionsasrequiredabove,theCustodianshallcausetheassetsofthecustodialaccounttobedistributedincashand/orinkind,asspecifiedinsuchinstructions.

TheparticipantmayselectamethodofdistributionunderArticle IV,paragraph3,option (a)or (b)above. If theparticipant requestsanage70½distributionbytimelyinstructionbutdoesnotchooseanyofthemethodsofdistributiondescribedabovebytheApril1stfollowingthecalendaryearinwhichheorshereachesage70½,distributiontotheparticipantwillbemadeinaccordancewithArticleIV,paragraph2,option(b).Iftheparticipantdoesnotrequestanage70½distributionfromthecustodialaccountbytimelyinstruction,ordoesnotspecifytheamountoftheage70½distributionwhichtheparticipantwillbetakingfromanotherIRA(s),nodistributionwillbemade;howevercalculationofthecurrentyearRequiredMinimumDistributionamountwhichcannotberolledovertoanotherIRAwillbemadeinaccordancewithArticleIV,paragraph2,option(b).

13. DistributionoftheassetsofthecustodialaccountshallbemadeinaccordancewiththeprovisionsofArticleIVastheparticipant(ortheparticipant'sbeneficiaryiftheparticipantisdeceased)shallelectbywritteninstructionstotheCustodian;subject,however,totheprovisionsofsections401(a)(9),408(a)(6)and403(b)(10)oftheCode,theregulationspromulgatedthereunder,ArticleVIII,paragraph12ofthisAgreement.Theprovisionsofthisparagraph(13)ofArticleVIIIshallprevailovertheprovisionsofArticleIVtotheextenttheprovisionsofthisparagraph(13)arepermissibleunderproposedand/orfinalregulationspromulgatedbytheInternalRevenueService.

14. Intheeventanyamountsremaininthecustodialaccountafterthedeathoftheparticipant,therightsoftheparticipantunderthisAgreementshallthereafterbeexercisedbyhisorherbeneficiary.

15. TheCustodianisauthorizedtohireagents(includinganytransferagentforEligibleAssets)toperformcertaindutiesunderthisAgreement.

16. ThisAgreementshallterminatecoincidentwiththecompletedistributionoftheassetsoftheparticipant'saccount.

17. AllnoticestobegivenbytheCustodiantotheparticipantshallbedeemedtohavebeengivenwhenmailedtotheaddressoftheparticipantindicatedbytheCustodian'srecords.

18. NeithertheCustodiannoranysponsor,issuer,depositoryorotherpersonorentityassociatedwithanyEligibleAssetheldatanytimeinthecustodialaccountshallberesponsibleforanylosses,penaltiesorotherconsequencestotheparticipantoranyotherpersonarisingoutofthemakingof,orthefailuretomake,anycontributionorwithdrawal.

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19. Inadditiontothereportsrequiredbyparagraph(2)ofArticleV,theCustodianshallperiodicallycausetobemailedtotheparticipantinrespectofeachsuchperiodanaccountofalltransactionsaffectingthecustodialaccountduringsuchperiodandastatementshowingthecustodialaccountasoftheendofsuchperiod. If,within30daysaftersuchmailing, theparticipanthasnotgiventheCustodianwrittennoticeofanyexceptionorobjectionthereto, theperiodic accounting shall bedeemed tohavebeen approved and, in such caseor upon thewritten approval of theparticipant, theCustodian,andthesponsor,issuer,depositoryorotherpersonorentityprimarilyassociatedwitheachEligibleAssetheldinthecustodialaccountshallbereleased,relievedanddischargedwithrespecttoallmattersandstatementssetforthinsuchaccountingasthoughtheaccounthadbeensettledbyjudgmentordecreeofacourtofcompetentjurisdiction.

20. InperformingthedutiesconferredupontheCustodianbytheparticipanthereunder,theCustodianshallactastheagentoftheparticipant.ThepartiesdonotintendtoconferanyfiduciarydutiesontheCustodianandnoneshallbeimplied.NeithertheCustodiannoranysponsor,issuer,depositoryorotherpersonorentityassociatedwithEligibleAssetsshallbeliable(andneitherassumesanyresponsibility)forthecollectionofcontributions,thedeductibilityortheproprietyofanycontributionunderthisAgreement,theselectionofanyEligibleAssetforthiscustodialaccount,orthepurposeorproprietyofanydistributionmadeinaccordancewithArticleIVandParagraph12,13ofArticleVIII,whichmattersarethesoleresponsibilityoftheparticipantortheparticipant'sbeneficiary,asthecasemaybe.Theparticipantandthesuccessorsoftheparticipant,includinganybeneficiary,executororadministrator,shall,totheextentpermittedbylaw,indemnifyandholdtheCustodianandanysponsor,issuer,depositoryorotherpersonorentityassociatedwithEligibleAssetsandtheiraffiliates,successorsandassignsharmlessfromanyandallclaims,actionsorliabilities,exceptsuchasmayarisefromsuchparty'sownbadfaith,negligence,nonfeasance,orwillfulmisconduct.

21. TheCustodianshallberesponsiblesolelyfortheperformanceofthosedutiesexpresslyassignedtoitinthisAgreementandbyoperationoflaw.Indeterminingthetaxableamountofadistribution,theparticipantshallrelyonlyonhisorherfederaltaxrecords,andtheCustodianshallwithholdfederalincometaxfromanydistributionfromthecustodialaccountasifthetotalamountofthedistributionisincludibleintheparticipant'sincome.

22. Excepttotheextentsupersededbyfederallaw,thisAgreementshallbegovernedby,andconstrued,administeredandenforcedaccordingto,thelawsoftheStateofDelaware,andallcontributionsshallbedeemedmadeinDelaware.

23. In theeventanyassetorpropertyheld in thecustodialaccount (oranyassetorpropertypreviously subject to theoperationof this sectionandadministeredbytheCustodian)isredeemedorliquidated,matures,orisotherwiseconvertedtocashorotherproperty(a"Liquidation")foranyreasonorunderanycircumstancesandtheCustodiandoesnotreceivetimelyinstructionsdesignatingwhatitshoulddowiththeproceedsofsuchLiquidation(the"Proceeds")fromanypersonlawfullyentitledtogiveinstructionswithrespecttotheaccount,includingwithoutlimitationtheregisteredownerofthecustodialaccount("Owner")andsuccessorsandrepresentativesoftheOwner,includingbeneficiaries,heirs,executors,andadministrators,orotherproperpersonsorentities,orinstructionsarereceivedbuttheycannotreasonablyorpracticablybecarriedoutasgivenorareambiguousorunclear,theOwnerexpresslydirectsandauthorizestheCustodiantotake"AnyReasonableCourseOfConduct"."AnyReasonableCourseOfConduct"isherebydefinedtomeanacourseofconductthattheCustodiandeterminestobereasonableunderthecircumstances--thiscourseofconductmayincludeanyoneormoreofthefollowing,butitisnotlimitedtothefollowing:(i)depositingProceedsinanFDIC-insuredbankaccountoranyotheraccount,orusingProceedstopurchasesharesofamoneymarketmutualfundoranyotherassetorproperty,(ii)distributingProceedstopersonstheCustodianreasonablydeterminestobelawfullyentitledtodistributionsfromtheaccount,(iii)holdingProceedsuninvestedinageneralaccountoftheCustodianorotherdepository;and(iv)resigningasCustodianandengaginginacourseofconduct,includinganydescribedinclauses(i)through(iii),outrightandfreeoftrust,iftheOwnerdoesnotappointaCustodianwhichimmediatelyacceptstransferofallProceeds,althoughnothinginthisclause(iv)shallbeinterpretedtoobligatetheCustodiantoresignbeforetakinganycourseofconduct,includinganydescribedinclauses(i)through(iii).

In the event any agreementor understanding (other than this custodial account agreement) pursuant towhichor in considerationofwhich theCustodianservesascustodianoftheAccountisterminated(andisnotrenewedorreplaced)andasuccessorcustodiandoesnottakecustodyoftheaccountinconnectionwithorfollowingsuchtermination,theCustodian,afternotlessthan30daysnoticetotheOwnerorsuchotherpersonsastheCustodianreasonablydeterminestobeentitledtogiveinstructionswithrespecttotheaccount,may(i)takeAnyReasonableCourseOfConductwithrespecttoanyassetsorpropertyinthecustodialaccount,anyProceedsoranyassetorpropertypreviouslysubjecttotheoperationofthissectionandstilladministeredbytheCustodian,and(ii)mayresetcustodialfeeschargedtoandowedbytheaccountownertotheCustodiantoanamountequaltothecostsofmaintainingtheaccount.

TheCustodianisauthorizedtopayorrecoveranycostsandexpensesassociatedwithtakingAnyReasonableCourseofConductbyutilizingtheassets,propertyorProceedsinvolvedorbyretainingaportionofsuchinareserveandsubsequentlydistributinganyunusedportionofthereserve.TooffsetadministrativecostsoftheCustodianunderanyoftheabovedescribedcircumstancesnototherwiserecoveredtheCustodianshallbeentitledtoretainforitsownaccountanyincidentalbenefitsearnedinconnectionwithtakingAnyReasonableCourseofAction,including"float",bankservicecreditsorovernightinvestmentearnings.

TheCustodianshallnotbe liable foranyactiontaken inrelianceonthissection,unlesssuch liability is requiredbytheInternalRevenueCodeorregulations implementing the InternalRevenueCode,and theOwnerexpresslywaivesand releases theCustodian fromall such liability.Withoutlimitingthegeneralityoftheforegoing,intheeventtheCustodianmakesadistributionfromtheaccounttothepersonsitreasonablydeterminestobeentitledtoaccountdistributions,theownerandsuchpersonsshallbearsoleresponsibilityforanytaxes,fines,assessmentspenalties,levies,tariffs,orotherliabilitiesorconsequencesofanynaturearisingorresultingfromthedistribution,includingnon-monetaryliabilitiesorconsequences,andfortakinganyactionsfollowingthedistributiontoavoidormitigateanyliabilitiesorconsequences.

ThissectionshallnotbeinterpretedsoastoimposeanydutyofanynatureontheCustodianifanyoneormoreoftheeventsdescribedinthissectionoccurs,whetheradutytotakeoromittotakeanyactinparticular,toplaceProceedsinanyparticularassetorproperty,totakepossessionofProceedsifpossessionisdiscretionary,toexercisediscretionaryinvestmentauthorityovertheaccount,ortodistributeProceedstotheOwner.Forpurposesofclarification,itistheintentionofthissectiontoprovidetheCustodianwiththebroadestpossiblediscretionpermittedbylaw,includingthediscretiontoholdProceedsuninvested.

TheOwnerauthorizestheCustodiantoescheatorotherwiseremittoappropriatejurisdictionsinaccordancewithapplicableabandonedpropertyorotherlawsanyassetsorpropertyinthecustodialaccount,anyProceedsoranyassetorpropertypreviouslysubjecttotheoperationofthissectionandstilladministeredorheldbytheCustodian,andtotheextentanyoftheforegoingconsistsofanythingotherthancash,theCustodianmayescheatorremitthenon-cashasset,propertyorProceedsorthecashresultingfromaliquidationofsuchnon-cashasset,propertyorProceeds.

Theaccountowneracknowledgesandacceptstherisksofowningtheaccountasdescribed inthissection, includingthe investmentrisksandtaxconsequencesoftheCustodiantakingAnyReasonableCourseOfConduct.

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GENERALINSTRUCTIONS

SectionreferencesaretotheInternalRevenueCodeunlessotherwisenoted.

PURPOSEOFFORM

Form5305-SAisamodelcustodialaccountagreementthatmeetstherequirementsofsections408(a)and408(p)andhasbeenautomaticallyapprovedbythe IRS.ASIMPLE individualretirementaccount(SIMPLEIRA) isestablishedaftertheformis fullyexecutedbyboththe individual (participant)andtheCustodian.ThisaccountmustbecreatedintheUnitedStatesfortheexclusivebenefitoftheparticipantorhisorherbeneficiaries.

DEFINITIONS

Participant-Theparticipantisthepersonwhoestablishesthecustodialaccount.

Custodian-TheCustodianmustbeabankorsavingsandloanassociation,asdefinedinsection408(n),oranypersonwhohastheapprovaloftheIRStoactasCustodian.

TRANSFERSIMPLEIRA

ThisSIMPLEIRAisa“transferSIMPLEIRA”ifitisnottheoriginalrecipientofcontributionsunderanySIMPLEIRAplan.Thesummarydescriptionrequirementsofsection408(l)(2)donotapplytotransferSIMPLEIRAs.

SPECIFICINSTRUCTIONS

ArticleIV.-Distributionsmadeunderthisarticlemaybemadeinasinglesum,periodicpayment,oracombinationofboth.Thedistributionoptionshouldbereviewedintheyeartheparticipantreachesage70½toensurethattherequirementsofsection408(a)(6)havebeenmet.

ArticleVIII.-ArticleVIIIandanythatfollowitmayincorporateadditionalprovisionsthatareagreedtobytheparticipantandCustodiantocompletetheagreement.Theymayinclude,forexample,definitions,investmentpowers,votingrights,exculpatoryprovisions,amendmentandtermination,removaloftheCustodian,Custodian’sfees,statelawrequirements,beginningdateofdistributions,acceptingonlycash,treatmentofexcesscontributions,prohibitedtransactionswiththeparticipant,etc.Useadditionalpagesifnecessaryandattachthemtothisform.