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Branch 1 3 5_ IRA Account e 0 2 3 5 3 1 FArawA# 3 3 6
<br />one-time Transfers if you give oral authorization to your Branch. To initiate a Recurring Transfer (i.e., a Transfer that you set up for a fixed amount and which occurs on a regular,
<br />recurring basis), you must provide a signed Form authorizing such Recurring Transfer. By authorizing a Recurring Transfer. you am also authorizing one-time Transfers to and from
<br />the same Morgan Stanley Account(s) and Outside Bank Account(s).
<br />With Respect to the Service
<br />• You understand and agree that (i) certain account types may be prohibited from utilizing the Service, and Morgan Stanley has the right, in its sole discretion, to restrict your use of
<br />the Service; (iD Morgan Stanley may in its sole discretion modify or discontinue the Service, which may include. without limitation, limiting and/or expanding any of the functionalities
<br />relating to the Service; and
<br />• You represent and warrant that 0) you own and have authority over each Morgan Stanley Account in connection with the Service: and (ii) you own and have authority over each
<br />Outside Bank Account in connection with the Service.
<br />With Respect to Transfers
<br />• You understand that we may use a variety of banking channels and facilities to make Transfers, including, but not limited to, the Automated Clearing House network ("ACH Network"), and
<br />you authorize us to use any such channel in our discretion. You acknowledge that Transfers may be subject to the rules of the applicable local ACH Network (including, but not limited
<br />to, the National Automated Clearing House rules), the rules of the Federal Reserve System and the rules of the Clearing House Interbank Payment System. You agree not to initiate
<br />Transfers in violation of applicable law, regulations or any such rules.
<br />• Morgan Stanley may reject any Transfer in its sole discretion, including rejections based on, but not limited to, the status of the applicable Morgan Stanley Accounts, Outside Bank
<br />Accounts or facts suggesting a possible fraudulent transaction. Please call your financial advisor for the status of transfers.
<br />• AM Transfers are provisional, and are subject to being rejected or reversed, even if the Transfer has been given an "Executed" status or the funds have been made available in your
<br />Morgan Stanley Account, or Outside Bank Account. For example, withdrawals from your Morgan Stanley account may be rejected, reversed or revoked by us or by the institution
<br />that holds your Outside Bank Account for a number of reasons (including, but not limited to, insufficient funds in your Morgan Stanley Account. If more than one deposit into
<br />your Morgan Stanley Account is returned, reversed or revoked (for example, due to insufficient funds), your enrollment in the Service may be discontinued. If we discontinue your
<br />enrollment in the Service, you will need to re -enroll in order to make future funds transfers. Partial funds transfers are not permitted.
<br />• If a Transfer is given a status of "Executed" prior to 8:00 p.m. Eastern (the "Cutoff lime") on a Business Day, the funds will be available in you Morgan Stanley Account on the next Business
<br />Day. If the cutoff time is missed, the transaction will take an additional business day to process. Notwithstanding the foregoing, however, Tran fers to your Morgan Stanley Account are
<br />subject to applicable deposit hold policies. Regarding transfers to an Outside Bank Account, the availability of the funds will be subject to the policies of the external institution.
<br />• Fees: No fees are imposed by Morgan Stanley for use of the Service.However, other fees relating to your Morgan Stanley Account (such as'nsufficient funds fees) may apply.
<br />• Business Days: For purposes of the Service, Business Days are Monday through Friday. Holidays (including bank holidays and holidays when the New York Stock Exchange is closed)
<br />are not included.
<br />• Transfers can be cancelled and/or modified if the cancellation/modification instructions are provided to your Branch in sufficient time for your Branch to act on the cancellation or
<br />modification of the instruction prior to the transaction reaching the "Executed" status.
<br />• If you request a request a Transfer to an Outside Bank Account, the availability of the funds will be subject to the funds availability policies of the institution that holds your Outside
<br />Bank Account. In addition, such Transfers may be reversed, as noted above.
<br />• Outside Bank Accounts that you enroll in the Service must share at least one (1) common owner with the Morgan Stanley Account.
<br />• We may process your Transfer based solely on the bank identifying number, even if your Transfer indicates a different bank name, and any bank to which we send payment may process the
<br />Transfer based on the account or other identifying number you provide, even if the account or other identifying number does not match your name or the name of your intended payee.
<br />• 1 the scheduled date for a Recurring Transfer tatis on a non -Business Day, the deposit or withdrawal will be made on the Business Day prior to the scheduled date (but is provisional
<br />as noted above).
<br />• If you instruct us to limit the total value of a series of recurring payments to a specified amount (a "Cap") and the amount of the cap cannot be evenly divided by the amount of your
<br />recurring payment, then the cap effectively will limit the amount of the last payment in the series. In that case, you authorize us to reduce the final recurring payment to the amount
<br />that would cause the total of your recurring payments under that authorization to equal the cap.
<br />Record of Funds Transfers
<br />Your Morgan Stanley Account statement will list the funds transfers in your Morgan Stanley Account. If you have arranged to have preauthorized electronic transfers made to an
<br />Morgan Stanley Account at least once every 60 calendar days from the same person or company, you can call your Branch to find out whether or not the deposit has been made or utilize
<br />the Contact Information below.
<br />Limitations on Dollar Amounts of Transfers
<br />Each Transfer must be greater than $1 and may be made for up to $999,999.99 to or from your Morgan Stanley Account, provided that there are sufficient funds in your Morgan Stanley
<br />Account or the Outside Bank Account to cover the Transfer.
<br />Preauthorized Payments
<br />a. Right to Stop Payment and Procedure for Doing So. If you have told us in advance to make a payment out of your Morgan Stanley Account (including Recurring Transfers), you
<br />can stop any of these payments. Here's how: Call us at (888) 454-3965 or if you are calling from outside the U.S. you may call (801) 617-9150 or write us at Morgan Stanley
<br />Smith Barney, Attn: Client Correspondence Department, P.O. Box 95002, South Jordan UT 84095, in time for us to receive your request at least three (3) Business Days or more before
<br />the scheduled transfer date for the Transfer. If you call, we may also require you to put your request in writing and get it to us within fourteen (14) calendar days after you call.
<br />b. Notice of Varying Amounts. If regular (recurring) payments vary in amount, we will notify you 10 calendar days before each payment, telling you when it will be made and how much it
<br />will be. If the amount of a recurring payment is reduced because you have placed a Cap on the total amount of payments, as provided above, we will not provide you separate notice
<br />of the reduction of the final recurring payment.
<br />c. Liability for Failure to Stop Payment of Preauthorized Payment. If you order us to stop a payment three (3) Business Days or more before the scheduled transfer date for the payment,
<br />and we do not do so, we will be liable for your losses or damages to the extent provided under applicable law.
<br />Confidentiality
<br />We will disclose information to third parties about your Morgan Stanley Account or Transfers: (i) where it is necessary for completing Transfers, or (ii) in order to verify the existence and
<br />condition of your Morgan Stanley Account fora third party, such as a credit bureau or merchant, or (iii) in order to comply with government agency or court orders, (iv) if you give us your written
<br />permission, or (v) as disclosed in the Morgan Stanley Privacy Policy.
<br />Your Liability for Unauthorized Transfers
<br />Please notify us AT ONCE, if our statement shows Transfers that you did not make, Telephoning is the best way of keeping your possible losses down. If you do not tell us within 60 calendar days
<br />afterthe statement was mailed to you, you may not get back any money you lost after the 60 calendar days if we can prove that we could have stopped someone from taking the money if you had
<br />told us in time. If a good reason (such as along trip or a hospital stay) kept you from telling us, we will extend the time periods.
<br />Contact Information
<br />If you believe that there has been unauthorized activity on your Morgan Stanley Account, call our Client Interaction Center at (888) 454-3965 or if you are calling from outside the U.S. call
<br />collect at (801) 617-9150.
<br />Our Liability
<br />If we do not complete an electronic funds transfer to or from your Morgan Stanley Account on time or in the correct amount according to our agreement with you, we will be liable for your losses
<br />or damages. However, there are some exceptions. We will not be liable, for instance:
<br />• if, through no fault of ours, you do not have enough money in your Morgan Stanley Account or Outside Bank Account to make the Transfer;
<br />• if the system was not working properly and you knew about the breakdown when you started the Transfer;
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