----

|  | 1. | Instructions. The Client shall provide a resolution of its Board of Directors, certified by the Secretary or Assistant Secretary, that designates its authorized representatives (“Authorized Representatives”) and empowers them to provide instructions for the disbursement and transfer of cash and property under the Custody Agreement. |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2. | Payment of Cash. Subject to the Bank’s Right of Offset as set forth in the Custody Agreement, the Bank shall make payment of cash to the Account (as defined in the Custody Agreement) or shall debit the Account only (a) for the purchase of assets for the Client upon the delivery of such assets to the Bank, registered in the name of the Client or of the nominee of the Bank; (b) for payments in connection with the conversion, exchange or surrender of assets owned or subscribed to by the Client held by or to be delivered to the Bank; (c) for payments of interest, dividends, taxes and in connection with rights offerings; or (d) for other Client purposes as are specified in an instruction to the Bank. |
|--|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 3. | Delivery of Assets. The Bank shall have sole power to release or deliver any assets of the Client held by the Bank pursuant to the Custody Agreement. The Bank agrees that assets held by the Bank will be transferred, exchanged or delivered only (a) for sales of securities for the account of the Client in accordance with (i) predominant established practice in the relevant local market, or (ii) specific instructions from the Client; or (b) when assets are called, redeemed or retired or otherwise become payable; (c) for examination by any broker selling any such securities in accordance with “street delivery” custom or other relevant local market practice; (d) in exchange for or upon conversion into other assets whether pursuant to any plan of merger, consolidation, reorganization, recapitalization or readjustment, or otherwise; (e) upon conversion of such asset pursuant to its terms into other assets; (f) upon exercise of subscription, purchase or other similar rights represented by such asset pursuant to its terms; (g) for the purpose of exchanging interim receipts or temporary securities for definitive securities; (h) for the purpose of tendering assets; (i) for the purpose of delivering assets lent by the Client; (j) for purposes of delivering collateral upon redelivery of assets lent or for purposes of delivering excess collateral; or (k) for other Client purposes as are specified in an instruction to the Bank. As to any deliveries made by Bank pursuant to items (b), (d), (e), (f), (g), (i), (j) and (k), assets in exchange therefor shall be deliverable to the Bank. The Bank may rely upon any instructions relating thereto as provided for in the Custody Agreement and this Supplement. |
|--|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  | 4. | Additional Termination Provisions. Upon termination of the Custody Agreement, the Bank shall deliver the assets of the Client to such entity as is designated in writing by the Client from the authorized account signer(s) and facilitate the account asset transfer to a subsequent custodian selected by the authorized account signer(s). |
|--|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 5. | Document Custody Services. The Bank will provide custody of loan documentation, warrants and other documents as follows: |
|--|----|--------------------------------------------------------------------------------------------------------------------------|

|  | a. | The Bank will provide physical safekeeping of documents executed in connection with loans, leases, and installment sales contracts held within custodial accounts and subaccounts; |
|--|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b. | The Bank will release and deliver said documents pursuant to Client’s instructions as required. |
|--|----|-------------------------------------------------------------------------------------------------------|

|  | 6. | Statements. The Bank will deliver calendar quarterly statements of account to the Client. |
|--|----|-------------------------------------------------------------------------------------------|

| CLIENT:                                                     |   |   |
|-------------------------------------------------------------|--------|--------|
|                                                        |   |   |
| SIGULER GUFF SMALL BUSINESS CREDIT OPPORTUNITIES FUND, INC. |   |
|                                                        |   |   |
| By:                                                         |        |   |
| Name:                                                       |   |   |
| Title:                                                      |   |   |
| BANK:          |        |   |
|----------------|--------|--------|
|           |   |   |
| CITIBANK, N.A. |   |
|           |   |   |
| By:            |   |   |
| Name:          |   |   |
| Title:         |   |   |

----

|  |  |
|--|--|

| preferred custody services   | *Account Application* |
|----------------------------------------|-----------------------|

| • | name, |
|---------|-------|

| • | date of birth, |
|---------|----------------|

| • | residential street address, and |
|---------|---------------------------------|

| • | identification number, such as a social security number, taxpayer identification number, national identification number or passport number. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|

| • | official name, |
|---------|----------------|

| • | principal place of business or local business street address, and |
|---------|-------------------------------------------------------------------|

| • | taxpayer identification number or other registration number. |
|---------|--------------------------------------------------------------|

----

| 1 | Accountholder Information |
|---|---------------------------|

| Account Title: |   |
|----------------|--------|
|           |
|           |

| ☐ | Individual            | ☐ | Limited Liability           | ☐ | Trust  | ☐ | UTMA (Uniform Transfers          |
|---------|-----------------------|---------|-----------------------------|---------|--------|---------|----------------------------------|
|    |                  |    | Company                     |    |   |    | to Minors Act) of the State of   |   |
|    |                  |    |                        |    |   |    |                             |
| ☐ | Joint Account with    | ☐ | Partnership                 | ☐ | Estate | ☐ | Individual Retirement            | ☐ | Other (please specify): |
|    | Right of Survivorship |    |                        |    |   |    | Arrangement Accounts (IRA)  |
|    |                  |    |                        |    |   |    |                             |
| ☐ | Corporation           | ☐ | Pension/Profit Sharing Plan |    |

| Address of Legal Residence (Individuals/IRAs) or Principal Place of Business (Partnerships, Corporate Entities and Others) or Trust/Estate Situs (Trusts, Estates or other Fiduciary Vehicles):* |   | Mailing Address for Account Statements, Confirmations, Advices and Other Notices(if different)**: |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                             |   |                                                                                              |
|                                                                                                                                                                                             |   |                                                                                              |
|                                                                                                                                                                                             |   |                                                                                              |
|                                                                                                                                                                                             |   |                                                                                              |
|                                                                                                                                                                                             |   |                                                                                              |
|                                                                                                                                                                                             |   |                                                                                              |
| * May not be a P.O. Box                                                                                                                                                                          |   | ** May not be "Hold All Mail" and must be alternate address for account owner/holder              |
| 1.                                                                                                                                                                                                                                                                                                                                                     |   |                                                                                                                                                                                                                                                                                                                                                   | 2. |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----|--------|
|                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                                                                                                                                                                                                                                                                                                                                   |
| The above party should receive (check as many as necessary):                                                                                                                                                                                                                                                                                           |   | The above party should receive (check as many as necessary):                                                                                                                                                                                                                                                                                           |
| ☐ monthly account statements, ☐ quarterly account statements,☐ transaction advices, ☐ cash advices (for interest and dividends),☐ corporate reorganization/class action notices, ☐ proxies,☐ applicable year-end tax reporting information,☐ any other notices related to this Account. |   | ☐ monthly account statements, ☐ quarterly account statements,☐ transaction advices, ☐ cash advices (for interest and dividends),☐ corporate reorganization/class action notices, ☐ proxies,☐ applicable year-end tax reporting information,☐ any other notices related to this Account. |

----

| 3.                                                                                  |   |                                                                                      | 4. |   |
|-------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------|----|--------|
|                                                                                |   |                                                                                      |
|                                                                                |   |                                                                                      |
|                                                                                |   |                                                                                      |
|                                                                                |   |                                                                                      |
| The above party should receive (check as many as necessary):                  |   | The above party should receive (check as many as necessary):                         |
| ☐monthly account statements, ☐quarterly account statements,  |   | ☐monthly account statements,☐ quarterly account statements,   |
| ☐transaction advices,☐cash advices (for interest and dividends),  |   | ☐transaction advices,☐cash advices (for interest and dividends),              |
| ☐corporate reorganization/class action notices,☐proxies,                |   | ☐corporate reorganization/class action notices,☐proxies,                |
| ☐applicable year-end tax reporting information,                         |   | ☐applicable year-end tax reporting information,                               |
| ☐any other notices related to this Account.                                   |   | ☐any other notices related to this Account.                                         |
| Account Details – Complete Section A, B, C &/or D: |                                                               |     |
|--------------------------------------------------------------|--------------------------------------------------------------------|---------------|
|                                                    |                                                               |     |
| A. For Individual/Joint/UTMA/IRA Accounts:                   |                                                               |     |
|                                                    |                                                               |     |
| Applicant:                                              |                                                               | Co-Applicant: |
|                                                    |                                                               |          |   |
| Name:                                                        |                                                               |          | Name: |   |
|                                                         | (please include preferred title and/or suffix as applicable)  |          |   | (please include preferred title and/or suffix as applicable) |
| Legal Residence Address: |   |   | Legal Residence Address: |   |
|--------------------------|--------|--------|--------------------------|--------|
|                          |   |        |
|                          |   |   |
|                     |   |        |
| Date of Birth:          |   |         | Date of Birth:          |   |
|-------------------------|--------|--------------|-------------------------|--------|
|               |   |    |
| Citizen/Domicile:       |   |         | Citizen/Domicile:       |   |
|               |   |    |
| Social Security Number: |   |         | Social Security Number: |   |
|               |   |    |
| Home Phone:             |   |         | Home Phone:             |   |
|               |   |    |
| Business Phone:         |   |         | Business Phone:         |   |
|               |   |    |
| Mobile Phone:           |   |         | Mobile Phone:           |   |
|               |   |    |
| E-mail Address:         |   |         | E-mail Address:         |   |

| Corporate, Company or Partnership Taxpayer Identification Number: |   |
|-------------------------------------------------------------------|--------|

| You are organized/incorporated or a Partnership governed under the laws of: |   |
|-----------------------------------------------------------------------------|--------|

----

| Trust, Estate, Pension/Profit Sharing Plan or other Fiduciary Entity Taxpayer Identification Number: |   |
|------------------------------------------------------------------------------------------------------|--------|

| State law governing the Trust, Estate, Pension/Profit Sharing Plan or other Fiduciary Entity: |   |
|-----------------------------------------------------------------------------------------------|--------|

| Fiduciary(ies)/Trustee(s): |                                                         | Fiduciary(ies)/Trustee(s): |
|----------------------------|--------------------------------------------------------------|----------------------------|
|                  |                                                         |                  |
| 1) Name:                   |                                                         |                       | 2) Name: |   |
|                       | (please include preferred title and/or suffix as applicable) |                       |   | (please include preferred title and/or suffix as applicable) |
| Citizen/Domicile: |   |   | Citizen/Domicile: |   |
|-------------------|--------|--------|-------------------|--------|
| Legal Residence Address: |   |         | Legal Residence Address: |   |
|--------------------------|--------|--------------|--------------------------|--------|
|                |   |    |
|                     |   |         |
|                |   |    |
| Home Phone:                |   |                       | Home Phone:     |   |
|----------------------------|--------|----------------------------|-----------------|--------|
|                       |   |                       |
| Business Phone:            |   |                       | Business Phone: |   |
|                       |   |                       |
| Mobile Phone:              |   |                       | Mobile Phone:   |   |
|                       |   |                       |
| E-mail Address:            |   |                       | E-mail Address: |   |
|                       |   |                       |
| Fiduciary(ies)/Trustee(s): |   | Fiduciary(ies)/Trustee(s): |
| 3) Name: |                                                         |   | 4) Name: |                                                         |
|----------|--------------------------------------------------------------|--------|----------|--------------------------------------------------------------|
|     | (please include preferred title and/or suffix as applicable) |   |     | (please include preferred title and/or suffix as applicable) |
| Citizen/Domicile: |   |   | Citizen/Domicile: |   |
|-------------------|--------|--------|-------------------|--------|
| Legal Residence Address: |   |         | Legal Residence Address: |   |
|--------------------------|--------|--------------|--------------------------|--------|
|                |   |    |
|                          |   |         |
|                |   |    |
| Home Phone:     |   |   | Home Phone:     |   |
|-----------------|--------|--------|-----------------|--------|
|            |   |   |
| Business Phone: |   |   | Business Phone: |   |
|            |   |   |
| Mobile Phone:   |   |   | Mobile Phone:   |   |
|            |   |   |
| E-mail Address: |   |   | E-mail Address: |   |

----

| ☐ Any one of you | ☐ A majority of you | ☐ All of you | ☐ Other (please specify): |
|------------------------|---------------------------|--------------------|---------------------------------|
|                   |                      |               |                            |
|                   |                      |               |                            |

| D. For IRA Retirement Accounts: |             |
|---------------------------------|------------------|
|                            |             |
| Plan Type (check one box only): |             |
| ☐ Rollover IRA            | ☐ Roth IRA |  ☐ SEP-IRA |
| Primary Beneficiary: |                                                         | Secondary Beneficiary: |
|----------------------|--------------------------------------------------------------|------------------------|
|                 |                                                         |                   |
| Name:                |                                                         |                   | Name: |   |
|                 | (please include preferred title and/or suffix as applicable) |                   |   | (please include preferred title and/or suffix as applicable) |
| Legal Residence Address: |   |   | Legal Residence Address: |   |
|--------------------------|--------|--------|--------------------------|--------|
|                     |   |   |
|                          |   |        |
|                     |   |   |
| Social Security Number: |   |   | Social Security Number: |   |
|-------------------------|--------|--------|-------------------------|--------|
|                    |   |   |
| Date of Birth:          |   |   | Date of Birth:          |   |
|                    |   |   |
| Relationship:           |   |   | Relationship:           |   |

| • | You certify that you are eligible to establish a traditional IRA, Roth IRA or SEP-IRA. |
|---------|----------------------------------------------------------------------------------------|

| • | You have received and read the Citibank IRA or Roth IRA Agreement and Disclosure Statement. You accept the terms set forth therein as supplemented by this Agreement and you appoint Citibank, N.A. to be custodian of your Citibank traditional IRA, Roth IRA or SEP-IRA. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | This Application is subject to, and will be performed in accordance with, the provisions of the Citibank IRA or Roth IRA Agreement and Disclosure Statement. This Application, however, will be controlling if any of its terms are inconsistent with the Citibank IRA or Roth IRA Trust Agreement. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | If you invest in a mutual fund, you agree that such mutual fund or its affiliates may compensate Citibank, its subsidiaries or affiliate services. Further information is contained in the fund’s prospectus. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Any election to have a contribution treated as a Rollover cannot be revoked. |
|---------|------------------------------------------------------------------------------|

| • | The contribution is made for the tax year indicated. If a tax year is not indicated, the contribution will be treated as a current year contribution. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You understand that each Citibank affiliate shares information about its transactions and experiences with you. |
|---------|-----------------------------------------------------------------------------------------------------------------|

| • | The general rules governing your Investment Options of the Traditional IRA or Roth IRA Plan Documents contain an arbitration provision and that your Traditional IRA or Roth IRA Account is governed by these terms. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Arbitration for Traditional IRA, SEP-IRA or Roth IRA Brokerage Accounts:You are aware that the Citibank IRA, SEP-IRA or Roth IRA Agreement and Disclosure Statement contains a Pre-Disputed Arbitration Clause on page 3, therefore you acknowledge receipt of the Pre-Disputed Arbitration Clause and that your Traditional IRA, SEP-IRA or Roth IRA Account is governed by these terms. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| • | If you do not name your spouse as beneficiary, there may be income tax implications for your estate or beneficiary. |
|---------|---------------------------------------------------------------------------------------------------------------------|

| • | If you do not name a beneficiary, the beneficiary will automatically be your estate. |
|---------|--------------------------------------------------------------------------------------|

| • | If you designate more than one primary beneficiary, the proceeds will be distributed equally among them unless you indicate otherwise. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------|

| • | Any secondary beneficiary you name will receive proceeds only if all of your primary beneficiaries are deceased. |
|---------|------------------------------------------------------------------------------------------------------------------|

| • | If you designate more than one secondary beneficiary, the proceeds will be shared equally among them unless you indicate the share percentage for each. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Public Figure Information |
|---|---------------------------|

| ☐ | (i) a politician (whether elected or not) or significant government official who occupies, has occupied, or is actively seeking or being considered for a senior public position in the government or political party of a country, state or significant municipality; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ☐ | (ii) a government owned or controlled corporation, department or agency, or an executive thereof; |
|---------|---------------------------------------------------------------------------------------------------|

| ☐ | (iii) a military officer; |
|---------|---------------------------|

| ☐ | (iv) a close family member (e.g., spouse, parent, child, sibling, or in-law) of any of the above (i, ii, iii); or |
|---------|-------------------------------------------------------------------------------------------------------------------|

| ☐ | (v) a close associate of any of the above (i, ii, iii). |
|---------|---------------------------------------------------------|

| Name: |   |
|-------|--------|
| Office/Position Held: |   |
|-----------------------|--------|
| Date(s) Office/Position Held: |   |
|-------------------------------|--------|
| If office held is a municipality, name of municipality: |   |
|---------------------------------------------------------|--------|

| 3 | Account Statements, Advices, Proxies/Notices and Tax Reporting |
|---|----------------------------------------------------------------|

----

| ☐ | Prepare an annual tax summary report for this Account. The tax reporting information recipients identified in Section I above should receive this report unless otherwise notified in writing. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | Administrative Matters |
|---|------------------------|

| ☐ Separate accounts for principal and income balances. | ☐ A combined principal and income account. |
|--------------------------------------------------------------|--------------------------------------------------|
| ☐ Income cash account  ________________________________ % | ☐ Charge fees to other Citi Account |
|----------------------------------------------------------------------|-------------------------------------------|
|                                                                 |                                      |
| ☐ Principal cash account ________________________________ %    | ☐ Invoice fees                      |
|                                                                 |                                      |
| ☐ Combined principal and income cash account ___________ %     |                                      |

| ☐ | Yes, I plan to invest in Mutual Fund Investments |
|---------|--------------------------------------------------|

|   | ☐ | Reinvest both Dividends and Capital Gains |
|--------|---------|-------------------------------------------|

|  | ☐ | Reinvest Dividends Only |
|--|---------|-------------------------|

|  | ☐ | Reinvest Capital Gains Only |
|--|---------|-----------------------------|

|  | ☐ | Do Not Reinvest |
|--|---------|-----------------|

|  | ☐ | Will provide reinvestment choice at time of trade |
|--|---------|---------------------------------------------------|

| ☐ | Yes, I wish to establish a Global Custody Account to hold foreign currencies and/or invest in foreign securities held and settled in foreign markets. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| *Select one:*                                                                             | *Select one:*                                   |
|-------------------------------------------------------------------------------------------|-------------------------------------------------|
| ☐  Income cash remittance                                                     | ☐  Send remittance by wire transfer | ☐  Send remittance by ACH |
| ☐  Principal cash remittance                                                  | ☐  Send remittance by check         |
| ☐  Combined principal and income account remittance (see A above)   |

----

| Remittance Date: |   |
|------------------|--------|

| Amount: |   |
|---------|--------|

| To: |   |
|-----|--------|

| Wire Transfer Instructions or Check Delivery Instructions: |
|------------------------------------------------------------|
|                                                       |
|                                                       |
|                                                       |
|                                                       |

|   |
|--------|
|   |

| ☐ | Yes, you authorize us to release your name, address and share positions. |
|---------|--------------------------------------------------------------------------|

| ☐ | No, you do not authorize us to release your name, address and share positions. |
|---------|--------------------------------------------------------------------------------|

| 5 | Cash Management |
|---|-----------------|

| ☐ | Citibank Market Deposit Account, an FDIC insured money market deposit account of Citibank, N.A. (Before choosing this option, please see below the “IMPORTANT NOTE REGARDING FDIC INSURANCE LIMITATIONS”). |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ☐   Other: |   |
|----------------------------|--------|

| ☐ | None. All cash in this Account should be held in a non-interest bearing deposit of Citibank, N.A. (Before choosing this option, please see below the “IMPORTANT NOTE REGARDING FDIC INSURANCE LIMITATIONS”). |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 6 | Third Party Instructions |
|---|--------------------------|

| 7 | Client Website Access and Enrollment |
|---|--------------------------------------|

| Name: |   |   | Name: |   |
|-------|--------|--------|-------|--------|
| Address: |   |   | Address: |   |
|----------|--------|--------|----------|--------|
|     |   |   |
|          |   |        |
| E-mail Address: |   |   | E-mail Address: |   |
|-----------------|--------|--------|-----------------|--------|
| Phone: |   |   | Phone: |   |
|--------|--------|--------|--------|--------|

| 8 | Execution of this Application |
|---|-------------------------------|

----

| • | You are 18 years of age or older and that the information provided in this Application or in connection herewith, whether now or hereafter, is accurate, complete and verifiable. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | In consideration of the opening or granting of any account or service covered by this Application, you have the authority to request and apply for same. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You have received the Enclosed Documents. |
|---------|-------------------------------------------|

| • | Copies of all trust agreements, wills, court orders and other documents or agreements that you now or hereafter provide to Citibank are in full force and effect, genuine, complete, unaltered, and have not been modified, repealed or superseded. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | If you are a retirement plan subject to the Employee Retirement Income Security Act of 1974 (“ERISA”), by opening an account or obtaining a service under this Application, your signature below constitutes your acknowledgement that you reviewed the Citi Private Bank Preferred Custody Services ERISA Section 408(b)(2) Disclosure Document made available to you reasonably in advance of your deciding to open the Account and that after your review, you made an independent decision that the fees and other compensation are reasonable for the services being provided by Citibank. Your signature further acknowledges that you consent to Citibank updating or changing the Disclosure Document by posting updated documents and/or notices at http://citi.com/investorinfo/advisoryp rivacy/408b2disclosures.html and that it is your responsibility to check the website periodically for such updates. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | All accounts and services are subject to the agreements, rules, regulations, terms, conditions and disclosures therefore as in effect from time to time. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You acknowledge that you are solely responsible for, and that neither WE nor any other Affiliated Organizations have any responsibility for, your compliance with any laws, regulations or rules applicable to your use of the services provided by us under your Agreements with us, including, but not limited to, any laws, regulations or rules, in your or any other jurisdiction, relating to tax, foreign exchange and capital control, and for reporting or filing requirements that may apply as a result of your country of citizenship, domicile, residence or taxpaying status. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | This Application will remain the property of Citibank and will not be returned to you. |
|---------|----------------------------------------------------------------------------------------|

| • | Citibank may record telephone conversations with you. |
|---------|-------------------------------------------------------|

| • | Citibank may, from time to time, fax you information on products and/or services that are available to clients of Citi Private Bank using any fax numbers provided in this Agreement, provided by you during the course of your relationship with Citibank and/or provided in a directory, advertisement or site on the Internet to which you voluntarily agreed to make available your fax number for public distribution. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Citibank may require you to provide additional information or documentation, to update information previously given, to submit additional applications, and to sign additional documentation. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Citibank may from time to time make additions to the accounts and services available pursuant to this Application. You may contact your Citi Private Bank Representative for this information and apply for or request such accounts or services as if they were named in this Application. Your application or request shall be deemed to be an application or request pursuant to “Subsequent Accounts, Credit and Services” below. You will receive a copy of the agreement, rules, regulations, terms, conditions and applicable disclosures for any such account or service you are granted, all of which shall be part of the agreements contained herein. You agree that Citibank may require you to sign additional documentation in connection with such account or service. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | This Application is to be governed by the laws of the State of New York and by federal law as applicable. Any dispute in connection with this Application shall be adjudicated in a federal or state court located in the Borough of Manhattan, City and State of New York. You agree to submit to the jurisdiction of such courts for the determination of all issues in connection with this Application and irrevocably waive any objection to venue or inconvenient forum. You waive trial by jury in any such dispute. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | without prior notice, Citibank may at any time refuse to accept funds transfer instructions. |
|---------|----------------------------------------------------------------------------------------------|

| • | Citibank is not required to call you, a designated representative or an authorized signer to verify or confirm the validity of any standing or pre-defined instruction to transfer funds provided that each transaction has the same debit and credit information you have given for such instruction |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You are bound by instructions given by your designated representatives and authorized signers; any errors resulting from misinformation provided by your designated representatives and authorized signers are your responsibility and Citibank may accept instructions from designated representatives and authorized signers until your Citi Private Bank Representative is notified by signed written instruction (original, facsimile, pdf) of any changes and Citibank has had sufficient time to act upon such notices. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| • | Citibank from time to time to investigate and verify any information contained in or obtained now or later in connection with this Application, to check your credit history and obtain consumer and/or credit reports in connection with any account or service for which you now or may hereafter apply. If you ask, you will be told whether or not a consumer and/or credit report on you was requested and the name and address of the agency that furnished the report. To facilitate your application for, and when activated the maintenance of, accounts and services covered hereunder, you consent to Citibank’s exchange of your consumer and/or credit reports, this Application, any information about you, your accounts or services, and any other document delivered now or later in connection herewith with its affiliates. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Your employer, your bank, and any other references supplied on or in connection with this Application now or later or which appear on your consumer or credit reports to release and/or verify information to Citibank. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Citibank to share with credit bureaus, affiliates and other proper persons information about your creditworthiness and how you handle your accounts and services. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | This Application and the agreements contained herein supersede any prior contrary information, agreements, authorizations or instructions covering accounts and services covered by this Application, and remain in effect until your Citi Private Bank Representative receives written notice of cancellation or an approved modification and Citibank has had sufficient time to act upon such notice. Citibank may terminate your relationship as a Private Bank customer, with or without cause, at any time and without prior notice to you. Provisions for termination of specific accounts or services are set forth in Citi Private Bank Preferred Custody Services Terms & Conditions and other governing documents. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You release Citibank from, and agree to defend, indemnify and hold harmless Citibank, its officers, directors and employees from and against, all claims, losses, costs, damages, expenses and liability (including reasonable attorneys’ fees) arising out of its complying with or acting in reliance upon this Application. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Signature:              |   |   | Signature:  |   |
|-------------------------|--------|--------|-------------|--------|
|                    |   |   |        |   |
| Print Name:   |   |   | Print Name: |   |
| Capacity of Signatory: |                                        |   | Capacity of Signatory: |                                        |
|------------------------|---------------------------------------------|--------|------------------------|---------------------------------------------|
|                        | (If other than individual or joint account) |   |                        | (If other than individual or joint account) |
| Date: |   |   | Date: |   |
|-------|--------|--------|-------|--------|
| Signature:  |   |   | Signature:  |   |
|-------------|--------|--------|-------------|--------|
|        |   |   |        |   |
| Print Name: |   |   | Print Name: |   |
| Capacity of Signatory: |                                        |   | Capacity of Signatory: |                                        |
|------------------------|---------------------------------------------|--------|------------------------|---------------------------------------------|
|                        | (If other than individual or joint account) |   |                        | (If other than individual or joint account) |
| Date: |   |   | Date: |   |
|-------|--------|--------|-------|--------|

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| Accepted by Citibank: |
|-----------------------|
|                  |   |   |
| Signature:            |   |   | Name: |   |
| Title: |   |   | Date: |   |
|--------|--------|--------|-------|--------|
| Account Number: |   |
|-----------------|--------|

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| © 2013 Citigroup Inc. All rights reserved | Citibank, N.A.  Member FDIC |
|------------------------------------------------|---------------------------------------|

| INVESTMENT PRODUCTS: NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE |
|----------------------------------------------------------------------------------------|

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|    |                                                                                     |   |
|---------|------------------------------------------------------------------------------------------|--------|
| • | Services Provided                                                                        | 2      |
|    |                                                                                     |   |
|    | — Custody                                                                          | 2      |
|    |                                                                                     |   |
|    | — Client Website Access.                                                           | 2      |
|    |                                                                                     |   |
|    | — Statements and Confirmations.                                                    | 3      |
|    |                                                                                     |   |
|    | — Securities Processing                                                            | 3      |
|    |                                                                                     |   |
|    | — Settlement                                                                       | 4      |
|    |                                                                                     |   |
|    | — Foreign Exchange Transactions                                                    | 4      |
|    |                                                                                     |   |
|    | — Restricted Transactions                                                          | 5      |
|    |                                                                                     |   |
| • | Account Fees                                                                             | 5      |
|    |                                                                                     |   |
| • | Referral Fees.                                                                           | 5      |
|    |                                                                                     |   |
| • | Revenue-Sharing Payments                                                                 | 5      |
|    |                                                                                     |   |
| • | Grant of Lien                                                                            | 6      |
|    |                                                                                     |   |
| • | Right of Offset                                                                          | 6      |
|    |                                                                                     |   |
| • | Taxes and Expenses                                                                       | 6      |
|    |                                                                                     |   |
| • | Legal Process.                                                                           | 7      |
|    |                                                                                     |   |
| • | Valuation.                                                                               | 7      |
|    |                                                                                     |   |
| • | Representations and Warranties                                                           | 7      |
|    |                                                                                     |   |
| • | General Agreements and Authorizations                                                    | 8      |
|    |                                                                                     |   |
|    | — Subsequent Accounts, Credit and Services                                         | 8      |
|    |                                                                                     |   |
| • | Account Types                                                                            | 9      |
|    |                                                                                     |   |
|    | — Joint Accounts With Rights of Survivorship                                       | 9      |
|    |                                                                                     |   |
|    | — Trust/Fiduciary Accounts                                                         | 9      |
|    |                                                                                     |   |
|    | — Custodial (Uniform Transfers to Minors Act/Uniform Gifts to Minors Act) Accounts | 9      |
|    |                                                                                     |   |
|    | — Entity Type Accounts.                                                            | 9      |
|    |                                                                                     |   |
|    | — Individual Retirement Arrangement Accounts (IRA)                                 | 9      |
|    |                                                                                     |   |
| • | Corporate Reorganization/Class Action Notices and Proxies                                | 9      |
|    |                                                                                     |   |
| • | Dormant Accounts                                                                         | 10     |
|    |                                                                                     |   |
| • | Termination of Preferred Custody Services Agreement.                                     | 10     |
|    |                                                                                     |   |
| • | Governing Law and Submission to Jurisdiction                                             | 10     |
|    |                                                                                     |   |
| • | Citibank Obligations in Respect of an Account                                            | 11     |
|    |                                                                                     |   |
| • | Limitation of Liability.                                                                 | 11     |
|    |                                                                                     |   |
| • | Severability.                                                                            | 11     |
|    |                                                                                     |   |
| • | Amendments                                                                               | 11     |
|    |                                                                                     |   |
| • | Electronic Delivery                                                                      | 11     |
|    |                                                                                     |   |
|    | — Notices, Disclosures, etc                                                        | 11     |
|    |                                                                                     |   |
|    | — Account Data                                                                     | 12     |
|    |                                                                                     |   |
| • | Other Activities of Citibank and Citigroup Affiliates                                    | 13     |
|    |                                                                                     |   |
| • | Investment Risks                                                                         | 14     |
|    |                                                                                     |   |
|    | — General                                                                          | 14     |
|    |                                                                                     |   |
|    | — Cash and Short-Term Investments                                                  | 14     |

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|  | • | Citibank Preferred Custody Services shall not be responsible for the management of any Assets held in any Account or for the investment management decisions of any investment manager selected by you. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | You or the investment manager for an Account will be solely responsible for the management of the Assets in that Account. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------|

|  | • | You or the investment manager identified by you shall invest and reinvest the Assets held in your Account in accordance with your investment objectives and risk tolerance levels. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Each order you place is based on your or your financial advisor’s independent evaluation of the risks and merits of the investment and determination that the security is consistent with your investment objectives, risk tolerance and financial capacity. |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | You accept full responsibility for all risks and losses associated with the orders you place. |
|--|---------|-----------------------------------------------------------------------------------------------|

|  | • | If you do not specify the market in which you wish us to execute your order, we may complete the transaction in the market of our choice. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Citibank shall default to the First In First Out (FIFO) tax lot accounting method for sales of securities executed in your account unless otherwise instructed by you in writing. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | Unless you otherwise instruct, we may refer orders to purchase or sell securities to any Citigroup affiliated organization which may act as counterparty, principal, agent, underwriter or broker, even though we may have an interest therein and such affiliated organization receives fees or other profits or benefits, in addition to any fees charged to your Account. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | We may, at our discretion, refuse to execute the sale of a security which is not in your Account established pursuant to this Agreement. Further, if you sell a security which is defective or not delivered for timely settlement, we may at our discretion purchase the security at your expense to cover the sale. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | We will not be responsible for any error, default, omission, or neglect of any broker or telecommunications firm or if any transaction is delayed and cannot be effected by reason of any cause beyond our control. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Fractional shares of securities received into your Account as a result of a corporate reorganization matter, dividend payment or other transaction cannot be held in your Account. With respect to any fractional shares that are received, we will automatically sell such shares and credit the proceeds to your Account. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | These payments are not made from fund assets, but instead are paid from the assets of a fund’s investment adviser or other affiliate. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Brokerage commissions that funds pay for portfolio trades are not used to offset any portion of these payments. |
|--|---------|-----------------------------------------------------------------------------------------------------------------|

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|  | • | an individual citizen or resident of the United States; |
|--|---------|---------------------------------------------------------|

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|  | • | a corporation, or other entity taxable as a corporation for U.S. federal income tax purposes, created or organized in or under the laws of the United States, any state thereof or the District of Colombia |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | an estate whose income is subject to U.S. federal income taxation regardless of its source; or |
|--|---------|------------------------------------------------------------------------------------------------|

|  | • | a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States persons have the authority to control all substantial decisions of the trust, or that has a valid election in effect under applicable U.S. Treasury regulations to be treated as a United States person. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Non-U.S. persons are beneficial owners or intermediaries that are not U.S. persons as described above. |
|--|---------|--------------------------------------------------------------------------------------------------------|

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|  | • | Citibank from time to time to investigate and verify any information contained in or obtained now or later in connection with this Account, to check your credit history and obtain consumer and/or credit reports in connection with any account or service for which you now or may hereafter apply. If you ask, you will be told whether or not a consumer and/or credit report on you was requested and the name and address of the agency that furnished the report. To facilitate your application for, and when activated the maintenance of, accounts and services covered hereunder, you consent to Citibank’s exchange of your consumer and/or credit reports, this Application, any information about you, your accounts or services, and any other document delivered now or later in connection herewith with its affiliates. |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Your employer, your bank, and any other references supplied on or in connection with this Account now or later or which appear on your consumer or credit reports to release and/or verify information to Citibank. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Citibank to share with credit bureaus, affiliates and other proper persons information about your creditworthiness and how you handle your accounts and services. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Citibank, with regard to the applied for accounts and services, as an accommodation to you, to accept and act from time to time, in its sole discretion, upon instructions received by mail or messenger, or upon oral, telephonic or electronic instructions received from a person who identifies himself or herself to be you, your designated representative or your authorized signer. You understand the risk and potential for misuse that exists in giving instructions in this manner. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | You have received and read the Citibank Traditional IRA or Roth IRA Agreement and Disclosure Statement (“IRA Plan Document”). You accept the terms set forth therein as supplemented by this Agreement and you appoint Citibank, N.A. to be custodian of your Citibank traditional IRA, Roth IRA or SEP-IRA. |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | This Agreement is subject to, and will be performed in accordance with, the provisions of the applicable IRA Plan Document. This Agreement, however, will be controlling if any of its terms are inconsistent with the applicable IRA Plan Document. |
|--|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | If you invest in a mutual fund, you agree that such mutual fund or its affiliates may compensate Citibank, its subsidiaries or affiliate services. Further information is contained in the fund’s prospectus. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Any election to have a contribution treated as a Rollover cannot be revoked. |
|--|---------|------------------------------------------------------------------------------|

|  | • | The contribution is made for the tax year indicated. If a tax year is not indicated, the contribution will be treated as a current year contribution. |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | You understand that each Citibank affiliate shares information about its transactions and experiences with you. |
|--|---------|-----------------------------------------------------------------------------------------------------------------|

|  | • | The general rules governing your Investment Options of the Traditional IRA Plan Documents contain an arbitration provision and that your Citibank Traditional IRA, SEP-IRA or Roth IRA Account is governed by these terms. |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | If you do not name your spouse as beneficiary, there may be income tax implications for your estate or beneficiary. |
|--|---------|---------------------------------------------------------------------------------------------------------------------|

|  | • | If you do not name a beneficiary, the beneficiary will automatically be your estate. |
|--|---------|--------------------------------------------------------------------------------------|

|  | • | If you designate more than one primary beneficiary, the proceeds will be distributed equally among them unless you indicate otherwise. |
|--|---------|----------------------------------------------------------------------------------------------------------------------------------------|

|  | • | Any secondary beneficiary you name will receive proceeds only if all of your primary beneficiaries are deceased. |
|--|---------|------------------------------------------------------------------------------------------------------------------|

|  | • | If you designate more than one secondary beneficiary, the proceeds will be shared equally among them unless you indicate the share percentage for each. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | A customer initiated transaction (i.e. deposit, withdrawal, trade) |
|--|---------|--------------------------------------------------------------------|

|  | • | Signed our active account confirmation form |
|--|---------|---------------------------------------------|

|  | • | Written to us concerning your Account |
|--|---------|---------------------------------------|

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|  | • | Delivery may be either by secure (i.e., encrypted) or public (i.e., unencrypted) e-mail, or by posting such notices and disclosures on a web site. We will not send any notices or disclosures containing confidential information to you by public e-mail or post any such notices or disclosures on a public web site. |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| • | E-mail will be sent to the e-mail address provided by you to us from time to time, and you hereby waive all claims resulting from failure to receive communications because of changes in your e-mail address. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | All notices sent to you by public e-mail shall be effective when sent to your e-mail address; all notices posted to a web site shall be effective upon delivery to you of a notice (sent by public e-mail to your e-mail address) directing you to the relevant web site. If an electronic notice sent via public e-mail is returned to us undelivered, we will attempt redelivery, at our option, either by telecopier or to a postal address based on your contact information in our files; redelivered notices shall be effective upon delivery or when delivery is refused if sent to a postal address or upon receipt of confirmation of delivery by telecopier. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | If we post notices or disclosures on a secure web site, we will provide you with a User ID and a means of authenticating your identity (which may be a password, digital certificate, “smart card” or other identifier) (a User ID, together with any other identity authentication information, is referred to as “User Information”) so that you can access the web site. You agree to comply with all security procedures that we may require to safeguard your User Information. In addition, you agree to take all reasonable precautions to keep your User Information confidential and to prevent unauthorized use. You also agree to notify us immediately in the event of the loss or theft of your User Information or if you believe the confidentiality of your User Information has been compromised in any way. We will not be responsible for any breach of security caused by your failure to maintain the confidentiality of your User Information. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You may request a paper copy, at no charge, of any notice, disclosure or other information delivered to you electronically at any time by contacting your private banker or other Citigroup representative, and you may withdraw your consent to receive notices and disclosures electronically at any time by contacting your private banker or other Citigroup representative. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | We will notify you from time to time of any hardware or software requirements to receive, access, retain and print notices delivered to you electronically. At a minimum, you will need a computer equipped with Windows 98 (or a higher version of Windows) and either a printer, drive or other storage device. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You may be asked, from time to time, to demonstrate that you can receive disclosures and regulatory materials electronically (e.g., by responding to an electronic request for such confirmation). |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You acknowledge and agree that in the course of delivering notices and disclosures to you electronically, we may transfer information about you, an Account and your relationship with us crossborder. You therefore hereby release us from any duty we might otherwise have to observe the banking secrecy laws of any relevant jurisdiction. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Citibank may, from time to time, fax you information on products and/or services that are available to clients of Citi Private Bank using any fax numbers provided in this Agreement, provided by you during the course of your relationship with Citibank and/or provided in a directory, advertisement or site on the Internet to which you voluntarily agreed to make available your fax number for public distribution. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | The Data Transfer will be provided by Citibank and any of its affiliates authorized to do business in the country (including state, province or other jurisdiction) where Citibank deems the Data Transfer to be accessed by you or your designated recipient. The Data Transfer is not intended to be provided to and may not be used by any party in any jurisdiction where the provision or use thereof would be contrary to applicable law, rules or regulations. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | You may separately designate in writing to Citibank a third party processor (“Data Processor”) to directly receive or access the Data Transfer on your behalf. In such case, you represent and warrant that the Data Transfer is being processed by your Data Processor on your behalf pursuant to a written agreement between you and your Data Processor. You further agree that, other than transmitting the Data Transfer in accordance with this section of this Agreement, Citibank shall have no obligations with respect to your Data Processor or your Data Processor’s handling of the Data Transfer, or the data therein. You assume full responsibility to ensure that your Data Processor’s use of the Data Transfer is limited solely to the purpose for which your Data Processor is retained by you, and that your Data Processor takes all necessary steps to maintain the confidentiality of the data contained in the Data Transfer. |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | • | In addition, you acknowledge and agree that you will require your Data Processor to maintain effective information security measures to protect the data contained in the Data Transfer from unauthorized disclosure or use. In the event of a security breach under your or your Data Processor’s control involving data contained in the Data Transfer of which you become aware, you agree to, as soon as practical, alert Citibank of the security breach and to provide reasonable assistance to Citibank to obtain information pertaining thereto. You agree and acknowledges that you shall be responsible for sending any security breach notices to any impacted parties (including for example, to your employees, if applicable) as a result of a security breach under your or your Data Processor’s control involving the data contained in the Data Transfer. |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| • | Any data transfer is provided by citibank “as is”, and neither citibank nor any third party that contributes in any manner to the data transfer makes any representation or warranty whatsoever, including warranties (i) with respect to the accuracy, completeness or timeliness of the data transfer; or (ii) that the data transfer shall be uninterrupted or error free. Further, citibank and any third party that contributes in any manner to the data transfer disclaim any express or implied warranties, including implied warranties of title, non-infringement, merchantability or fitness for a particular purpose relating to the data transfer. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | To the fullest extent permitted by applicable law, in no event shall citibank or its affiliates, subsidiaries or controlling entities or as may be applicable their third party vendors, contractors or technology or content providers or their respective officers, directors, owners, agents and employees have any liability for any loss, cost, expense or damage arising from or relating to (i) the data transfer regardless of the form of action, (ii) any punitive, indirect, consequential or special damages or lost profits, even if citibank has been advised of the possibility of such damages, (iii) the acts or omissions of a third party servicer or vendor used by citibank or you, including your data processor, or any loss, cost, damage or expense incurred by any person or entity in connection therewith, or (iv) any loss, cost, expense, or damage to you, your data processor or any third party in connection with the data transfer. Citibank will not be responsible for determining the compatibility of any computer system, software or other method used by you or your data processor to receive the data transfer. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You agree to indemnify and hold citibank harmless from and against any and all claims, loss or damage of any nature whatsoever (including but not limited to reasonable attorneys’ fees and court costs) arising directly or indirectly from the data transfer; provided, however, that you shall not be obligated to indemnify citibank for claims, loss or damage attributable to citibank’s gross negligence or willful misconduct in connection with the data transfer. This indemnity will survive the termination of this agreement. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | You acknowledge that any Data Transfer once initiated shall remain in place until you have provided written notice to Citibank to the contrary and Citibank shall have had a reasonable time to act upon such notice in order to ensure proper termination of the Data Transfer. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | • | Interest rates rise sharply. |
|--|---------|------------------------------|

|  | • | An issuer or guarantor of the fund’s securities defaults or the security’s credit rating is downgraded. |
|--|---------|---------------------------------------------------------------------------------------------------------------------|

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