Document:

EX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 AMENDMENT NO. 1, INCREMENTAL AMENDMENT AND
JOINDER AGREEMENT 
 AMENDMENT NO. 1, INCREMENTAL AMENDMENT AND JOINDER AGREEMENT (this “Agreement”) dated
as of January 31, 2013 relating to the Credit Agreement dated as of November 28, 2012 (as heretofore amended or modified, the “Credit Agreement”) among Walter Investment Management Corp., a Maryland corporation (the
“Borrower”), the lenders from time to time party thereto, and Credit Suisse AG, as administrative agent (in such capacity, the “Administrative Agent”) and collateral agent. 

RECITALS: 

WHEREAS, the Borrower has, by notice to the Administrative Agent dated January 31, 2013 delivered pursuant to Section 2.25(a)
of the Credit Agreement (the “Notice”), a copy of which notice has been delivered to the Lenders and is attached as Exhibit A hereto, requested Incremental Term Loans in an aggregate principal amount of $825,000,000. 

WHEREAS, each financial institution identified on the signature pages hereto as an “Additional Lender” (each, an
“Additional Lender”) has agreed severally, on the terms and conditions set forth herein and in the Credit Agreement, to provide a portion of such Incremental Term Loans and to become, if not already, a Lender for all purposes under
the Credit Agreement. 
 WHEREAS, the Borrower has requested the Lenders to consent to certain amendments to the Credit
Agreement as more fully set forth herein. 
 The parties hereto therefore agree as follows: 

SECTION 1. Defined Terms; References. Unless otherwise specifically defined herein, each term used herein that is
defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement. Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference
to “this Agreement” and each other similar reference contained in the Credit Agreement shall, after this Agreement becomes effective, refer to the Credit Agreement as amended hereby. For the avoidance of doubt, after the Incremental
Facility Closing Date (as defined below), any references to “date hereof,” or “date of this Agreement,” in the Credit Agreement, shall continue to refer to November 28, 2012. 

SECTION 2. Tranche B Incremental Term Loans. Subject to and upon the terms and conditions set forth herein, each
Additional Lender party hereto severally agrees to make, on the Incremental Facility Closing Date, a single loan of term loans (each, a “Tranche B Incremental Term Loan”) in Dollars to the Borrower in an amount equal to the
commitment amount set forth next to such Additional Lender’s name in Schedule 1 hereto under the caption “Tranche B Incremental Term Loan Commitment”. The gross proceeds required to be funded by each Additional Lender with respect to
its Tranche B Incremental Term Loan shall be equal to 99.50% of the principal amount of such Tranche B Incremental Term Loan. 

SECTION 3. Availability and Use of Proceeds. The Tranche B Incremental Term Loans shall be used solely: (i) to
finance all or a portion of the purchase price for the acquisition by Green Tree Servicing LLC of mortgage servicing rights and related rights and assets from Bank of America, N.A. pursuant to a Mortgage Servicing Rights Purchase and Sale Agreement
dated and effective as of January 6, 2013 (the “Green Tree Acquisition”), (ii) to finance (or to deposit $250,000,000 into an escrow 

  
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account to finance) all or a portion of the purchase price for the acquisition by Walter Investment Management Corp. or any of its subsidiaries of certain assets described in the Asset Purchase
Agreement, dated as of November 2, 2012 (as amended or otherwise modified from time to time), by and among Ocwen Loan Servicing LLC, and Residential Capital, LLC, Residential Funding Company, LLC, GMAC Mortgage, LLC, Executive Trustee Services,
LLC ETS of Washington, Inc., EPRE LLC, GMACM Borrower LLC and RFC Borrower LLC (such acquisition the “ResCap Acquisition”), (iii) to finance other Permitted Acquisitions, in full or in part, by the Borrower or any of its
Subsidiaries of assets, businesses or product lines (each, an “Other Acquisition”; together with the Green Tree Acquisition and ResCap Acquisition, collectively, the “Acquisitions” and each, an
“Acquisition”), (iv) to pay fees and expenses incurred in connection with the Acquisitions, this Agreement and the transactions contemplated hereby and (v) for working capital and general corporate purposes. 

SECTION 4. Deposit of Escrow Funds and Maintenance of Escrow Account. (a) If the ResCap Acquisition is not
consummated on the Incremental Facility Closing Date, then $250,000,000 of the proceeds of the Tranche B Incremental Term Loans (the “Escrow Funds”) shall be deposited on the Incremental Facility Closing Date in a segregated account
of the Borrower maintained with the Collateral Agent (or a depositary institution reasonably acceptable to the Administrative Agent), which account shall be subject to a control agreement in form and substance reasonably satisfactory to the
Administrative Agent and which agreement shall provide that such account shall be subject to the sole dominion and control of the Collateral Agent (the “Escrow Account”). All Escrow Funds shall be held in the Escrow Account until
applied in accordance with the terms hereof. For the avoidance of doubt, the Borrower (x) hereby confirms (without limiting any provisions of the Security Agreement) that the Collateral Agent has been granted, and has, a perfected security
interest in the Escrow Account and any funds credited thereto (including the Escrow Funds) to secure the Obligations and (y) shall not be entitled to provide any instructions or directions as to the disposition of funds in the Escrow Account
except as expressly set forth in this Agreement. All agreements related to the Escrow Funds and the Escrow Account shall be deemed to be made pursuant to Additional Security Documents for all purposes of the Credit Agreement. 

(b) In the event that the Escrow Release Date (as defined below) has not occurred on or prior to March 31, 2013 (such date, the
“Escrow Termination Date”) or the Borrower elects to prepay the Term Loans with the Escrow Funds prior to the Escrow Termination Date, then, on the Escrow Termination Date (or such prior date), (i) the Collateral Agent shall
release the Escrow Funds to the Administrative Agent and (ii) promptly thereafter the Escrow Funds shall be applied (without any further action or consent from the Borrower or any Lender) to prepay Term Loans outstanding on such date, together
with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. Such prepayment (x) shall be applied as if it were a mandatory prepayment required to be applied in accordance with
Section 2.13(g) and 2.13(h) of the Credit Agreement, (y) shall be applied on a pro rata basis amongst the Term Loans (treating Tranche B Term Loans and the Tranche B Incremental Term Loans as a single class of Term Loans) and
(z) shall be made after, and shall be in addition to, any other repayment or prepayment of such Term Loans required on such date (including pursuant to Section 2.11 of the Credit Agreement). 

SECTION 5. Applicable Margin and Interest Periods. The “Applicable Margin” for each Tranche B Incremental
Term Loan shall be (a) for Eurodollar Loans, 4.50% per annum and (b) for ABR Loans, 3.50% per annum. The Tranche B Incremental Term Loans shall be funded on the Incremental Facility Closing Date as Eurodollar Loans and shall have
an initial Interest Period that ends on the same date as the Interest Period applicable to the Tranche B Term Loans on the Incremental Facility Closing Date. 

  
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 SECTION 6. Repayment of Tranche B Incremental Term Loans; Maturity Date.
(a) The Borrower shall pay to the Administrative Agent, a principal amount of the Tranche B Incremental Term Loans in accordance with clause (a)(i) of Section 2.11 of the Credit Agreement (as amended pursuant to Section 8(c) below)
and, for the avoidance of doubt, commencing on the last Business Day of March, 2013. 
 (b) To the extent not previously paid,
all Tranche B Incremental Term Loans shall be due and payable on the Tranche B Term Loan Maturity Date, together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment. 

(c) All repayments required pursuant to this Section 6 shall be subject to Section 2.16 of the Credit Agreement, but shall
otherwise be without premium or penalty. 
 SECTION 7. Terms of the Tranche B Incremental Term Loans Generally.
The Tranche B Incremental Term Loans shall have identical terms as the Tranche B Term Loans (including, without limitation, with respect to the maturity date, mandatory prepayments, voluntary prepayments, and prepayment fees and premium) and
shall otherwise be subject to the provisions, including any provisions restricting the rights, or regarding the obligations, of the Credit Parties or any provisions regarding the rights of the Tranche B Term Lenders, of the Credit Agreement and the
other Credit Documents. Each reference to a “Tranche B Term Loan” or “Tranche B Term Loans” in the Credit Agreement or the other Credit Documents shall be deemed to include the Tranche B Incremental Term Loans (including, without
limitation, for purposes of the definitions of “Adjusted LIBO Rate”, “All-in Yield” and “Repricing Transaction” in Section 1.01 of the Credit Agreement) and all other related terms will have correlative meanings
mutatis mutandis. The Tranche B Incremental Term Loans, as Tranche B Term Loans, shall also constitute “Term Loans” for all purposes of the Credit Agreement and the other Credit Documents and “First Lien Indebtedness” for
purposes of the Credit Agreement. For the avoidance of doubt and notwithstanding anything in this Agreement to the contrary, the Tranche B Incremental Term Loans shall be considered an increase in the Tranche B Term Loans under the Credit Agreement
and shall not be considered a separate tranche of Indebtedness under the Credit Agreement. 
 SECTION 8.
Amendments to Credit Agreement. Effective on and as of the Incremental Facility Closing Date, the Credit Agreement shall be amended as follows: 
 (a) Section 1.01 of the Credit Agreement is hereby amended to add the following new defined terms in appropriate alphabetical order: 

“Escrow Account” shall have the meaning assigned to such term in the Incremental Amendment. 

“Escrow Funds” shall have the meaning assigned to such term in the Incremental Amendment. 

“Escrow Termination Date” shall have the meaning assigned to such term in the Incremental Amendment. 

“Incremental Amendment” shall mean that certain Amendment No. 1, Incremental Amendment and Joinder Agreement dated
as of January 31, 2013 among the Borrower, the lenders party thereto, the Administrative Agent and the Collateral Agent. 

“Incremental Facility Closing Date” shall have the meaning assigned to such term in the Incremental Amendment.

  
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 (b) Section 1.01 of the Credit Agreement is hereby amended by adding the following
sentence to the end of the definition of “Consolidated Indebtedness”: 
 “Notwithstanding anything
to the contrary herein, including in the definition of “Incremental Pro Forma Basis”, from the Incremental Facility Closing Date through but excluding the earlier of (i) the release of the Escrow Funds to the Borrower in accordance
with the Incremental Amendment and (ii) the Escrow Termination Date, Consolidated Indebtedness as of any time shall be deemed to be reduced by an amount equal to the amount of Escrow Funds held in the Escrow Account at such time.”

 (c) Section 2.11 of the Credit Agreement is hereby amended by replacing “1.25% of the aggregate principal amount of
the Tranche B Term Loans made on the Closing Date” in clause (a)(i) with “$19,193,031.50”. 
 (d)
Section 2.25 of the Credit Agreement is hereby amended by (i) replacing “2.50 to 1.00” in clause (a)(i) with “3.00 to 1.00 as of the last day of the most recently ended Calculation Period”, (ii) adding the words
“as of the last day of the most recently ended Calculation Period” after “determined on an Incremental Pro Forma Basis” in clause (b)(ii)(A) and (iii) replacing “3.75:1.0 at such time” in clause (b)(ii)(B) with
“4.00:1.00 as of the last day of the most recently ended Calculation Period”. 
 (e) Section 6.04(xx) of the
Credit Agreement is hereby amended by (i) adding the words “as of the last day of the most recently ended Calculation Period” after “Section 6.09”, (ii) replacing “2.50:1.00” with “3.00:1.00 as of the
last day of the most recently ended Calculation Period” and (iii) replacing “3.75:1.00” with “4.00:1.00 as of the last day of the most recently ended Calculation Period”. 

(f) Section 6.01(xxvii) of the Credit Agreement is hereby amended by replacing “$35,000,000” with “$50,000,000”.

 SECTION 9. Representations of the Borrower. The Borrower represents and warrants that: 

(a) each of the representations and warranties made by any Credit Party in or pursuant to the Credit Documents is true and
correct in all material respects on and as of the Incremental Facility Closing Date after giving effect hereto, to any extension of credit requested to be made on the Incremental Facility Closing Date and to the consummation of any Acquisition made
on the Incremental Facility Closing Date as if made on and as of such date (except to the extent such representations and warranties are specifically made as of an earlier date, in which case such representations and warranties were true and correct
in all material respects as of such date) (for purposes of this representation and warranty, the reference to “Closing Date” in Section 3.05(c) of the Credit Agreement shall be deemed to refer to the Incremental Facility Closing Date
and such representation shall be made after giving effect to the Tranche B Incremental Term Loans made on the Incremental Facility Closing Date); 
 (b) no Default or Event of Default was continuing on the date of the Notice and no Default or Event of Default has occurred and is continuing on and as of the Incremental Facility Closing Date after
giving effect hereto, to any extension of credit requested to be made on the Incremental Facility Closing Date and to consummation of any Acquisition made on the Incremental Facility Closing Date; 

  
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 (c) each Credit Party has the power and authority to execute, deliver and
perform its obligations under this Agreement and under each of the Credit Documents as amended or supplemented hereby to which it is a party, and, in the case of the Borrower, to make the borrowing contemplated hereunder, and has taken all necessary
action to authorize the execution, delivery and performance by it of this Agreement and each Credit Document as amended or supplemented hereby. Each Credit Party has duly executed and delivered this Agreement, and this Agreement and each Credit
Document as amended or supplemented hereby constitutes its legal, valid and binding obligation enforceable in accordance with its terms, except as enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforcement is sought by proceeding in equity or at law); 

(d) no order, consent, approval, license, authorization or validation of, or filing, recording or registration with
(except for those that have otherwise been obtained or made on or prior to the Incremental Facility Closing Date and which remain in full force and effect on the Incremental Facility Closing Date), or exemption or other action by, any Governmental
Authority is required to be obtained or made by, or on behalf of, any Credit Party to authorize, or is required to be obtained or made by, or on behalf of, any Credit Party in connection with, the execution, delivery and performance of this
Agreement or any Credit Document as amended or supplemented hereby or the legality, validity, binding effect or enforceability of this Agreement or any such Credit Document as amended or supplemented hereby; 

(e) the execution, delivery and performance of this Agreement and of the other Credit Documents as amended or supplemented
hereby, the borrowings hereunder and the use of the proceeds thereof will not (i) contravene any provision of any material law, statute, rule or regulation or any order, writ, injunction or decree of any court or Governmental Authority,
(ii) require any consent under, or violate or result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or give rise to any right to accelerate or to require the prepayment, repurchase of
redemption of any obligation under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of any Credit Party or any of its Subsidiaries pursuant to the terms of the Credit
Agreement or any material indenture, mortgage, deed of trust, other credit agreement or loan agreement, or any other material agreement, contract or instrument, in each case to which any Credit Party or any of its Subsidiaries is a party or by which
it or any its property or assets is bound or to which it may be subject, or (iii) violate any provision of the certificate or articles of incorporation, certificate of formation, limited liability company agreement or by-laws (or equivalent
organizational documents), as applicable, of any Credit Party or any of its Subsidiaries; 
 (f) each Acquisition
that constitutes an Investment constitutes or shall constitute a Permitted Acquisition under the Credit Agreement; 
 (g) after giving effect to the borrowing of the Tranche B Incremental Term Loans, (i) the First Lien Leverage Ratio will not exceed 3.00 to 1.00 as of the last day of the most recently ended
Calculation Period, (ii) the Borrower will be, determined as of the last day of the most recently ended Calculation Period, in compliance with the financial covenants contained in Sections 6.08 and 6.09 of the Credit Agreement and
(iii) the Total Leverage Ratio will not exceed 4.00:1.00 as of the last day of the most recently ended Calculation Period, in each case determined on an Incremental Pro Forma Basis; and 

  
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 (h) the terms of this Agreement comply with the requirements of
Section 2.25 of the Credit Agreement (as amended hereby). 
 SECTION 10. Conditions to the Incremental
Facility Closing Date. This Agreement shall become effective as of the first date (the “Incremental Facility Closing Date”) when each of the following conditions shall have been satisfied: 

(a) the Administrative Agent shall have received from the Borrower, each other Credit Party, each Additional Lender, the
Required Lenders and the Administrative Agent an executed counterpart hereof or other written confirmation (in form satisfactory to the Administrative Agent) that such party has signed a counterpart hereof; 

(b) the representations and warranties set forth in Section 9 above shall be true and correct on and as of the
Incremental Facility Closing Date after giving effect hereto and to any extension of credit requested to be made on the Incremental Facility Closing Date; 
 (c) no Default or Event of Default shall have occurred and be continuing or shall result from the borrowing of the Tranche B Incremental Term Loans or the consummation of any Acquisition consummated on
the Incremental Facility Closing Date; 
 (d) the Administrative Agent shall have received a certificate, dated
the Incremental Facility Closing Date and signed by an Authorized Officer of the Borrower, confirming the accuracy of the representations and warranties set forth in Section 9 above (including, in the case of Section 9(g), reasonably
detailed calculations confirming compliance therewith) and confirming the satisfaction of the conditions in clause (c) above; 
 (e) the Administrative Agent shall have received a certificate from the chief financial officer of the Borrower dated the Incremental Facility Closing Date substantially in the form of Exhibit K to the
Credit Agreement and in substance reasonably satisfactory to the Administrative Agent certifying that the Borrower and its Subsidiaries, on a consolidated basis after giving effect to the borrowing of the Tranche B Incremental Term Loans, are
solvent as of the Incremental Facility Closing Date; 
 (f) the Green Tree Acquisition shall be consummated
substantially concurrently with the borrowing of the Tranche B Incremental Term Loans; 
 (g) if the ResCap
Acquisition shall not have been consummated on the Closing Date, then arrangements satisfactory to the Administrative Agent shall have been made for the deposit of the Escrow Funds into the Escrow Account; 

(h) any fees and expenses owing by the Borrower in connection herewith (including fees and expenses of any
“Engagement Party” referred to in the Engagement Letter entered into in connection herewith and of counsel thereto) shall have been paid in full; 
 (i) the Administrative Agent shall have received such certificates, resolutions or other documents of the Credit Parties as the Administrative Agent may reasonably require in connection herewith,
including all documents and certificates it may reasonably request relating to (i) the organization, existence and good standing of each Credit Party, (ii) the corporate or other authority for and validity of this Agreement and
(iii) the incumbency of the officers of each Credit Party executing this Agreement, and other matters relevant hereto, all in form and substance reasonably satisfactory to the Administrative Agent; 

  
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 (j) the Administrative Agent shall have received a written opinion of
(i) Simpson Thacher & Bartlett LLP, counsel to the Credit Parties, (ii) Stuart Boyd, the Vice President, General Counsel and Secretary of the Borrower, (iii) Venable LLP, Maryland counsel to the Credit Parties,
(iv) Dorsey & Whitney LLP, Minnesota counsel to the Borrower, and (v) Porter Hedges LLP, Texas counsel to the Borrower, each dated the Incremental Facility Closing Date and in form and substance reasonably satisfactory to the
Administrative Agent; the Borrower hereby requests such counsel to deliver such opinions; 
 (k) the
Administrative Agent shall have received, sufficiently in advance of the Incremental Facility Closing Date, all documentation and other information required by bank regulatory authorities under applicable “know your customer” and
anti-money laundering rules and regulations, including without limitation the United States PATRIOT Act; and 

(l) the Administrative Agent shall have received a Notice of Borrowing with respect to the Tranche B Incremental Term
Loans meeting the requirements of Section 2.03 of the Credit Agreement. 
 The Administrative Agent hereby consents to the
Tranche B Incremental Term Loans being extended on the Incremental Facility Closing Date notwithstanding that the Notice provides for a shorter notice than that required pursuant to Section 2.25(a) of the Credit Agreement for the effectiveness
of the Tranche B Incremental Term Loans. 
 SECTION 11. Conditions to the Escrow Release Date. The Escrow
Funds shall be released by the Collateral Agent to the Borrower as of the first date (the “Escrow Release Date”) when each of the following conditions (the “Escrow Release Conditions”) shall have been satisfied (or
will be satisfied substantially concurrently with such release): 
 (a) the ResCap Acquisition shall be
consummated substantially concurrently with the release of the Escrow Funds and the Escrow Funds shall be applied to pay a portion of the consideration for the ResCap Acquisition or fees and expenses in connection therewith; 

(b) the Escrow Release Date shall have occurred on or prior to the Escrow Termination Date; 

(c) no Default or Event of Default shall have occurred and be continuing or shall result from the release of the Escrow
Funds or the consummation of the ResCap Acquisition; and 
 (d) the Administrative Agent shall have received a
certificate, dated the Escrow Release Date and signed by an Authorized Officer of the Borrower, confirming that the ResCap Acquisition, to the extent constituting an Investment, is a Permitted Acquisition and the satisfaction of the conditions in
clauses (a) through (c) above. 
 The Administrative Agent and the Collateral Agent shall each be entitled to rely on
the certificate described in Section 11(d) and are hereby authorized to release the Escrow Funds to the Borrower on the Escrow Release Date upon receipt of such certificate. 

  
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 SECTION 12. Acknowledgment of Additional Lenders. Each Additional Lender
expressly acknowledges that neither any of the Agents, nor any Engagement Party (as defined in the Engagement Letter entered into in connection herewith), nor any of their Affiliates nor any of their respective officers, directors, employees, agents
or attorneys-in-fact have made any representations or warranties to it and that no act by any Agent or Engagement Party hereafter taken, including any review of the affairs of a Credit Party or any affiliate of a Credit Party, shall be deemed to
constitute any representation or warranty by any Agent or any Engagement Party to any Additional Lender. Each Additional Lender represents to the Agents and the Engagement Parties that it has, independently and without reliance upon any Agent,
Engagement Party or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness
of the Credit Parties and their affiliates and made its own decision to provide its Tranche B Incremental Term Loans hereunder and enter into this Agreement and become a Lender under the Credit Agreement. Each Additional Lender also represents that
it will, independently and without reliance upon any Agent, Engagement Party or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and
decisions in taking or not taking action under the Credit Agreement and the other Credit Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and
creditworthiness of the Credit Parties and their affiliates. Each Additional Lender hereby (a) confirms that it has received a copy of the Credit Agreement and each other Credit Document and such other documents (including financial statements)
and information as it deems appropriate to make its decision to enter into this Agreement, (b) agrees that it shall be bound by the terms of the Credit Agreement as a Lender thereunder and that it will perform in accordance with their terms all
of the obligations which by the terms of the Credit Documents are required to be performed by it as a Lender, (c) irrevocably designates and appoints the Agents as the agents of such Additional Lender under the Credit Agreement and the other
Credit Documents, and each Additional Lender irrevocably authorizes each Agent, in such capacity, to take such action on its behalf under the provisions of the Credit Agreement and the other Credit Documents and to exercise such powers and perform
such duties as are delegated to such Agent by the terms of the Credit Agreement and the other Credit Documents, together with such other powers as are reasonably incidental thereto and (d) specifies as its lending office and address for notices
the offices set forth on the Administrative Questionnaire provided by it to the Administrative Agent prior to the date hereof. 

SECTION 13. Governing Law. This Agreement shall be governed by and construed and interpreted in accordance with the
laws of the State of New York. 
 SECTION 14. Confirmation of Guarantees and Security Interests. By signing
this Agreement, each Credit Party hereby confirms that (a) the obligations of the Credit Parties under the Credit Agreement as modified or supplemented hereby (including with respect to the Tranche B Incremental Term Loans contemplated by this
Agreement) and the other Credit Documents (i) are entitled to the benefits of the guarantees and the security interests set forth or created in the Subsidiaries Guaranty, Security Documents and the other Credit Documents, (ii) constitute
“Obligations”, “Secured Obligations” and “Guaranteed Obligations” or other similar term for purposes of the Credit Agreement, the Security Agreement and all other Credit Documents, (iii) notwithstanding the
effectiveness of the terms hereof, the Subsidiaries Guaranty, the Security Documents and the other Credit Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects and (b) each
Additional Lender shall be a “Secured Party”, a “Secured Creditor” and a “Lender” (including without limitation for purposes of the definition of “Required Lenders” contained in Section 1.01 of the Credit
Agreement) for all purposes of the Credit Agreement and the other Credit Documents. Each Credit Party ratifies and confirms that all Liens granted, conveyed, or assigned to any Agent by such Person pursuant to any Credit Document to which it is a
party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of the Obligations as increased hereby. 

  
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 SECTION 15. Credit Agreement Governs. Except as expressly set forth
herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of any Lender or Agent under the Credit Agreement or any other Credit Document, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full
force and effect. Nothing herein shall be deemed to entitle any Credit Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Credit Document in similar or different circumstances. 
 SECTION 16. Counterparts.
This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Delivery of an executed counterpart of a signature page
to this Agreement by facsimile or electronic (i.e., “pdf” or “tif”) transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 

SECTION 17. Miscellaneous. This Agreement shall constitute an Additional Credit Extension Amendment and Credit
Document for all purposes of the Credit Agreement and the other Credit Documents. The Borrower shall pay all reasonable fees, costs and expenses of the Administrative Agent incurred in connection with the negotiation, preparation and execution of
this Agreement and the transactions contemplated hereby. The provisions of this Agreement are deemed incorporated into the Credit Agreement as if fully set forth therein. To the extent required by the Credit Agreement, each of the Borrower and the
Administrative Agent hereby consent to each Additional Lender that is not a Lender as of the date hereof becoming a Lender under the Credit Agreement on the Incremental Facility Closing Date. In addition, the Borrower hereby consents to the
assignment by any Additional Lender of all or a portion of its Tranche B Incremental Term Loans to any bank, financial institution or other investor identified by any Engagement Party in writing to the Borrower on or prior to January 31, 2013.

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written. 
  

			
	 WALTER INVESTMENT MANAGEMENT CORP.,
 as Borrower

		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 
			
	BEST INSURORS, INC.
		
	By:	 	/s/ Kimberly A. Perez
		 	Name: Kimberly A. Perez
		 	Title:   Vice President and Treasurer

  

			
	GREEN TREE ASSET ACQUISITION LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE CL LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE CONSUMER DISCOUNT COMPANY
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE CREDIT LLC
		
	By:	 	/s/ Brian F. Corey
		 	Name: Brian F. Corey
		 	Title:   Senior Vice President and Secretary

  

			
	GREEN TREE CREDIT SOLUTIONS LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 
			
	GREEN TREE HE/HI CORP.
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE HE/HI LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE INSURANCE AGENCY OF NEVADA, INC.
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE INSURANCE AGENCY INC.
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE INVESTMENT HOLDINGS II LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE INVESTMENT HOLDINGS III LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 
			
	GREEN TREE INVESTMENT MANAGEMENT LLC
		
	By:	 	/s/ Jeffrey A. Hilligoss
		 	Name: Jeffrey A. Hilligoss
		 	Title:   President

  

			
	GREEN TREE LICENSING LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE LOAN COMPANY
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE MH CORP.
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE MH LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE SERVERTIS ACQUISITION LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 
			
	GREEN TREE SERVERTIS GP LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE SERVICING CORP.
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE SERVICING LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	GREEN TREE LOAN ACQUISITION II LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	LANDMARK ASSET RECEIVABLES MANAGEMENT LLC
		
	By:	 	/s/ Cheryl A. Collins
		 	Name: Cheryl A. Collins
		 	Title:   Senior Vice President and Treasurer

  

			
	WALTER INVESTMENT HOLDING COMPANY, LLC
		
	By:	 	/s/ Kimberly A. Perez
		 	Name: Kimberly A. Perez
		 	Title:   Vice President and Treasurer

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 
			
	MORTGAGE ASSET SYSTEMS, LLC
		
	By:	 	/s/ Jeanetta Brown
		 	Name: Jeanetta Brown
		 	Title:   Vice President

  

			
	REO MANAGEMENT SOLUTIONS, LLC
		
	By:	 	/s/ Jeanetta Brown
		 	Name: Jeanetta Brown
		 	Title:   Vice President

  

			
	SPECIALTY SERVICING SOLUTIONS, LLC
		
	By:	 	/s/ Jeanetta Brown
		 	Name: Jeanetta Brown
		 	Title:   Vice President

  

			
	REO LEASING SOLUTIONS, LLC
		
	By:	 	/s/ Jeanetta Brown
		 	Name: Jeanetta Brown
		 	Title:   Vice President

  

			
	CENTRAL ASSET REVIEW, LLC
		
	By:	 	/s/ Jeanetta Brown
		 	Name: Jeanetta Brown
		 	Title:   Vice President

  

			
	MORTGAGE CONSULTANTS OF AMERICA CORPORATION, INC.
		
	By:	 	/s/ H. Marc Helm
		 	Name: H. Marc Helm
		 	Title:   Vice President

  

			
	REVERSE MORTGAGE SOLUTIONS, INC.
		
	By:	 	/s/ Jeanetta Brown
		 	Name: Jeanetta Brown
		 	Title:   Vice President

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 
			
	WALTER REVERSE ACQUISITION LLC
		
	By:	 	/s/ Stuart D. Boyd
		 	Name: Stuart D. Boyd
		 	Title:   Secretary

  

			
	 WALTER INVESTMENT PROPERTIES, LLC

		
	By:	 	/s/ Kimberly A. Perez
		 	Name: Kimberly A. Perez
		 	Title:   Vice President and Treasurer

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 
			
	 ADMINISTRATIVE AGENT
  

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent

		
	By:	 	/s/ Doreen Barr
		 	Name: Doreen Barr
		 	Title:   Director

  

			
	By:	 	/s/ Sanja Gazahi
		 	Name: Sanja Gazahi
		 	Title:   Associate

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 
			
	 ADDITIONAL LENDERS
  

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as an Additional Lender

		
	By:	 	/s/ Doreen Barr
		 	Name: Doreen Barr
		 	Title:   Director

  

			
	By:	 	/s/ Sanja Gazahi
		 	Name: Sanja Gazahi
		 	Title:   Associate

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 [LENDER SIGNATURE PAGES] 

  
 INCREMENTAL
AMENDMENT SIGNATURE PAGE 

 SCHEDULE 1 

 

					
	 Name of Additional Lender
	  	Tranche B Incremental Term Loan
Commitment	 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	825,000,000	  
	 Total:
	  	$	825,000,000	  

 EXHIBIT A 
 Notice Requesting Incremental Term Loans 
 [SEE ATTACHED]EX-10.1

 Exhibit 10.1 
 CONFIDENTIAL TREATMENT REQUESTED FOR PORTIONS OF THIS DOCUMENT. PORTIONS FOR 
 WHICH CONFIDENTIAL TREATMENT IS REQUESTED ARE DENOTED BY [CONFIDENTIAL 

TREATMENT REQUESTED]. MATERIAL OMITTED HAS BEEN FILED SEPARATELY 

WITH THE SECURITIES AND EXCHANGE COMMISSION. 
  

 
  

INSURED DEPOSIT ACCOUNT AGREEMENT 
 by and among 
 TD BANK USA, NATIONAL ASSOCIATION, 

TD BANK, NATIONAL ASSOCIATION, 
 TD AMERITRADE, INC., 
 TD AMERITRADE CLEARING, INC., 

TD AMERITRADE TRUST COMPANY 
 and solely for purposes of Sections 7(b), 14 and 15(c), 
 THE TORONTO-DOMINION
BANK 
 Effective as of January 1, 2013 

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 Roles
	  	 	5	  
	 Terms and Conditions of the Customer Accounts
	  	 	6	  
	 Procedures for Establishment of, and Deposits to, the Master Accounts
	  	 	7	  
	 Interest Rate on Deposits
	  	 	7	  
	 Fees; Related Matters
	  	 	8	  
	 Liquidity Reserve Requirements
	  	 	12	  
	 Allocation of Deposits
	  	 	14	  
	 Withdrawals from and Closure of a Master Account
	  	 	15	  
	 Registration at the Depository Institutions
	  	 	15	  
	 Books and Records Concerning the Master Accounts
	  	 	16	  
	 Representations and Warranties of TDA
	  	 	18	  
	 Representations and Warranties of TDAC and TDATC
	  	 	18	  
	 Representations and Warranties of the Depository Institutions
	  	 	20	  
	 Representation and Warranty of TD Parent
	  	 	21	  
	 General Covenants
	  	 	21	  
	 Master Account Description, Statements and Disclosures
	  	 	24	  
	 Indemnification
	  	 	25	  
	 Termination; Related Procedures
	  	 	26	  
	 Survival
	  	 	29	  
	 Confidentiality
	  	 	29	  
	 Notices
	  	 	31	  
	 Expenses
	  	 	33	  
	 Governing Law
	  	 	33	  
	 Assignment
	  	 	33	  
	 Court Fees and Damages
	  	 	33	  
	 Entire Agreement
	  	 	33	  
	 Invalidity
	  	 	34	  
	 Counterparts
	  	 	34	  
	 Headings
	  	 	34	  
	 References to Statutes, Rules or Regulations
	  	 	34	  
	 Gramm-Leach-Bliley Compliance and Related Matters
	  	 	34	  

					
	 Litigation
	  	 	35	  
	 No Recourse to TDA, TDAC or TDATC
	  	 	35	  
	 Business Continuity Plan
	  	 	36	  
	 Amendments
	  	 	36	  
	 Benefit of the Parties
	  	 	36	  
	 No Agency
	  	 	36	  
	 No Waiver
	  	 	36	  
	 Amendment and Restatement of Prior Agreements
	  	 	37	  
	 Authorized Representative of Ameritrade Companies
	  	 	37	  

 Exhibits 
  

			
	Exhibit A	  	Certain Calculations
		
	Exhibit B	  	Service Fee Matters
		
	Exhibit C	  	Tax-Exempt Municipal Bond Tax Benefit Calculation
		
	Exhibit D	  	Economic Replacement Value Calculation
		
	Exhibit E	  	Methodology for Calculating Applicable FDIC Deposit Insurance Premium Assessments

  
 2 

 INDEX OF DEFINED TERMS

  

			
	 Term
	  	 Location of
 Definition

		
	 Affiliate
	  	Recitals
	 Agreement
	  	Preamble
	 Ameritrade Companies
	  	Preamble
	 BCP
	  	36
	 Business Day
	  	3(c)
	 Customer Data
	  	31(b)
	 CMS Agreement
	  	26
	 Confidental Information
	  	20(a)
	 Customer Accounts
	  	Recitals
	 Customers
	  	Recitals
	 Depository Institutions
	  	Preamble
	 Economic Replacement Value
	  	5(c)
	 FDIC
	  	Recitals
	 Federal Reserve
	  	6(a)
	 Indemnitee
	  	17(c)
	 Indemnitor
	  	17(c)
	 Initial Expiration Date
	  	18(a)
	 Internal Revenue Code
	  	14(h)
	 Liquid Investments
	  	6(b)
	 Liquidity Deficency Event
	  	6(c)
	 Liquidity Reserve Level
	  	6(a)
	 Marketing Fee
	  	5(a)
	 Master Accounts
	  	Recitals
	 Money Market Deposit Accounts
	  	Recitals
	 Notional Investments
	  	5(b)
	 OCC
	  	6(a)
	 OSFI
	  	6(a)
	 Permitted Notional Investments
	  	5(b)(ii)
	 Regulation D
	  	10(b)
	 Service Fee
	  	5(a)
	 TD Bank USA
	  	Preamble
	 TD Bank
	  	Preamble
	 TD Parent
	  	Preamble
	 TDA
	  	Preamble
	 TDAC Customer Account
	  	Recitals
	 TDAC Customers
	  	Recitals
	 TDAC Master Accounts
	  	Recitals
	 TDAC
	  	Preamble
	 TDATC Customer Account
	  	Recitals
	 TDATC Customers
	  	Recitals
	 TDATC Master Accounts
	  	Recitals
	 TDATC
	  	Preamble
	 U.S. Money Laundering and Investor Identification Requirements
	  	10(h)

  
 3 

 INSURED DEPOSIT ACCOUNT AGREEMENT 

This Insured Deposit Account Agreement, effective as of January 1, 2013 (as amended, supplemented, restated or otherwise modified
from time to time, this “Agreement”), is by and among TD Bank USA, National Association, a national bank with its main office in the State of Maine (“TD Bank USA”), TD Bank, National Association, a national bank with its main
office in the State of Delaware (“TD Bank,” and together with TD Bank USA, the “Depository Institutions”), TD Ameritrade, Inc., a corporation incorporated under the laws of the State of New York (“TDA”), TD Ameritrade
Clearing, Inc., a corporation incorporated under the laws of the State of Nebraska (“TDAC”), TD Ameritrade Trust Company, a non-depository trust company duly incorporated in the State of Maine (“TDATC,” and together with TDA and
TDAC, the “Ameritrade Companies”), and solely with respect to Sections 7(b), 14 and 15(c), The Toronto-Dominion Bank, a Canadian chartered bank (“TD Parent”). 

Recitals 
 WHEREAS, the Depository Institutions accept savings deposits, as that term is defined in 12 C.F.R. Section 204.2(d)(2), including money market deposit accounts (the “Money Market Deposit
Accounts”), on a regular and continuous basis; 
 WHEREAS, certain of the parties hereto were parties to an Amended and
Restated Money Market Deposit Account Agreement, dated as of August 2, 2006, and, subsequent thereto, an Insured Deposit Account Agreement, dated as of December 19, 2009, which agreements are replaced and superseded by this Agreement;

 WHEREAS, TDA desires to make the Money Market Deposit Accounts available, either as a designated Money Market Deposit Account
sweep vehicle or as a non-sweep deposit account to its customers whose accounts are cleared by TDAC (such customers, the “TDAC Customers”); 
 WHEREAS, TDATC desires to make the Money Market Deposit Accounts available as a designated Money Market Deposit Account sweep vehicle to its customers (such customers, the “TDATC Customers” and,
together with the TDAC Customers, the “Customers”); 
 WHEREAS, pursuant to this Agreement, one or more omnibus Money
Market Deposit Accounts representing individual Money Market Deposit Accounts of TDAC Customers will be established and maintained at the Depository Institutions in the name of TDAC as agent and custodian for its customers, including those TDAC
Customers that are trust agents, nominees, custodians or other representatives of others (“TDAC Master Accounts”) as described hereunder; 
 WHEREAS, pursuant to this Agreement, one or more omnibus Money Market Deposit Accounts representing individual Money Market Deposit Accounts of TDATC Customers will be established and maintained at TD
Bank USA in the name of TDATC as agent and custodian for its customers, including those TDATC Customers that are trust agents, nominees, custodians or other representatives of others (“TDATC Master Accounts” and together with the TDAC
Master Accounts, the “Master Accounts”) as described hereunder; 

  
 4 

 WHEREAS, TDAC will act as agent and recordkeeper with respect to certain books and records
relating to the TDAC Customers’ individual Money Market Deposit Accounts represented by the TDAC Master Accounts (each, a “TDAC Customer Account”) and will maintain its deposit account records to reflect at all times the existence of
a relationship that serves as the basis for federal deposit insurance of such TDAC Customer Accounts by the Federal Deposit Insurance Corporation (the “FDIC”), subject to the terms and conditions of this Agreement; 

WHEREAS, TDATC will act as agent and recordkeeper with respect to certain books and records relating to the TDATC Customers’
individual Money Market Deposit Accounts represented by the TDATC Master Accounts (each, a “TDATC Customer Account” and, together with the TDAC Customer Accounts, the “Customer Accounts”) and will maintain its deposit account
records to reflect at all times the existence of a relationship that serves as the basis for federal deposit insurance of such TDATC Customer Accounts by the FDIC, subject to the terms and conditions of this Agreement; 

WHEREAS, the parties intend that the Customer Accounts will be eligible for federal deposit insurance by the FDIC for the maximum
aggregate amount of principal and interest available with respect to each Customer’s aggregate deposits maintained in a single recognized legal capacity, as evidenced by the records of the Depository Institutions, TDAC and TDATC pursuant to
applicable laws and regulations; 
 WHEREAS, for purposes of this Agreement, “Affiliate” shall mean, for any specified
person, any other person who controls, is controlled by or is under common control with, such specified person. For purposes of this definition, (a) “control” (including, with its correlative meanings, the terms
“controlling,” “controlled by” and “under common control with”) as used with respect to any person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and
policies of such person, whether through the ownership of securities or other similar interest, by contract or otherwise; (b) with respect to the Ameritrade Companies, the term Affiliate shall not be deemed to include TD Parent or any of its
subsidiaries; and (c) with respect to the Depository Institutions and TD Parent, the term Affiliate shall not be deemed to include the Ameritrade Companies or their parent corporation, TD Ameritrade Holding Corporation (“Ameritrade
Parent”). 
 NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties, terms and conditions
set forth herein, and intending to be legally bound hereby, the parties agree as follows: 
 1. Roles 

(a) TDAC will act as the authorized agent, nominee, custodian and messenger of each TDAC Customer, and not of the Depository Institutions,
in establishing, maintaining, making deposits to and withdrawals from, and effecting other transactions in the TDAC Master Accounts established and maintained by TDAC in its name. Except as set forth in Section 9, all deposits, withdrawals and
other transactions in the TDAC Master Accounts shall only be effected by TDAC, as agent for the TDAC Customers, and not directly by the TDAC Customers. 

  
 5 

 (b) TDATC will act as the authorized agent, nominee, custodian and messenger of each TDATC
Customer, and not of TD Bank USA, in establishing, maintaining, making deposits to and withdrawals from, and effecting other transactions in the TDATC Master Accounts established by TDATC in its name. Except as set forth in Section 9, all
deposits, withdrawals and other transactions in the TDATC Master Accounts shall only be effected by TDATC, as agent for the TDATC Customers, and not directly by the TDATC Customers. 

(c) TDAC hereby agrees to act as recordkeeper in maintaining the information set forth in Section 10 with respect to the TDAC
Customer Accounts. 
 (d) TDATC hereby agrees to act as recordkeeper in maintaining the information set forth in Section 10
with respect to the TDATC Customer Accounts. 
 (e) TDA, TDATC and TDAC agree to accept on behalf of the Depository Institutions
notices from Customers regarding unauthorized activity in their Customer Accounts. 
 2. Terms and Conditions of the
Customer Accounts. Unless otherwise required by law or regulation, the parties agree that the Customer Accounts shall be governed by the following terms and conditions: 
 (a) no commitment shall be made to pay an interest rate or to employ a method of calculation of an interest rate on the funds deposited in the Master Accounts other than as permitted by applicable law,
regulation or rule; 
 (b) there shall be no maturity on the Customer Accounts; 

(c) the Depository Institutions reserve the right to require seven (7) days’ prior notice of any withdrawal of funds from the
Customer Accounts; provided, however, that if a Depository Institution elects to exercise its right to require seven (7) days’ prior notice of any withdrawal of funds from a Customer Account, it shall, subject to applicable regulatory
limitations, exercise such right as to all accounts established at such Depository Institution under 12 C.F.R. Section 204.2(d); 
 (d) there is no restriction on the number of any additional deposits to the Customer Accounts; 
 (e) the Customer Accounts shall not be transferable; 
 (f) withdrawals from the
Customer Accounts shall be permitted only in accordance with Section 8 hereof; 
 (g) the Customer Accounts shall be subject
to any and all terms and conditions as may from time to time be imposed on any money market deposit account described in 12 C.F.R. Section 204.2(d)(2) by any applicable law, regulation or rule or by any other determination of any governmental
or regulatory authority; 
 (h) no checks shall be furnished by the Depository Institutions to the Customers for check writing
purposes directly against the Customer Accounts; and 

  
 6 

 (i) no debit cards shall be furnished by the Depository Institutions to the Customers for
debit of funds directly against the Customer Accounts. 
 3. Procedures for Establishment of, and Deposits to, the Master
Accounts. 
 (a) The TDAC Master Accounts shall be established on behalf and for the benefit of the TDAC Customers in the
name of “TD Ameritrade Clearing, Inc. for the Exclusive Benefit of Its Customers” at an office of each Depository Institution to be determined by mutual agreement of the parties. The TDAC Master Accounts will be maintained on the books and
records of the Depository Institutions, evidenced by book entry on the account records of the Depository Institutions in the name of TDAC as agent for the TDAC Customers. As set forth in Section 10, and for the purposes set forth therein, TDAC
shall maintain account information and deposit records with respect to the TDAC Customer Accounts. 
 (b) The TDATC Master
Accounts shall be established on behalf and for the benefit of the TDATC Customers in the name of “TD Ameritrade Trust Company for the Exclusive Benefit of Its Customers” at an office of TD Bank USA to be determined by mutual agreement of
the parties. The TDATC Master Accounts will be maintained on the books and records of TD Bank USA, evidenced by book entry on the account records of TD Bank USA in the name of TDATC as agent for the TDATC Customers. As set forth in Section 10,
and for the purposes set forth therein, TDATC shall maintain account information and deposit records with respect to the TDATC Customer Accounts. 
 (c) TDAC and TDATC, as agents for their respective Customers, may on any Business Day deposit federal or other immediately available funds from the Customer Accounts into the applicable Master Account by
wire transfer to the agreed-upon office, accompanied by appropriate instructions. If that wire transfer together with such instructions is received by the applicable Depository Institution prior to 6:00 p.m., Eastern Time, on any Business Day, the
funds deposited by such wire transfer shall be credited to the applicable Master Account on that Business Day. For purposes of this Agreement, “Business Day” shall mean a day on which TDAC, TDATC and the Depository Institutions are open
for business, but shall not include any Federal Reserve Bank holiday or any day on which the Fedwire Funds Service is not open for business. 
 (d) If withdrawals from a Master Account cause the deposit balance therein to be reduced to zero, the Depository Institution shall nevertheless continue to maintain such Master Account until TDAC or
TDATC, as appropriate, notifies the Depository Institution to close such Master Account. 
 4. Interest Rate on
Deposits. 
 (a) The interest rate payable by the Depository Institutions on the Master Accounts during any day shall be
such rate(s) (calculated on the basis of the actual days elapsed of a year of 365 days) as determined by each Depository Institution in its discretion on each Business Day. The Depository Institutions shall notify TDAC and TDATC of the interest
rate(s) by e-mail not later than 11:00 a.m., Eastern Time, on each Business Day, or such other time or manner as the parties may otherwise mutually agree in writing. If a Depository Institution does not provide such notification to TDAC or TDATC, or
if a day is not a Business Day, the applicable Master Account shall bear interest at the interest rate last established for such Master Account pursuant to this Section 4. 

  
 7 

 (b) Interest shall be calculated daily and credited monthly to the principal for the Master
Accounts on the last Business Day of the calendar month, or on such other date as may be agreed to by the parties in writing. Interest will begin to accrue on funds deposited to the Master Accounts on the day on which such funds are credited to the
Master Accounts in accordance with the provisions of Section 3(c) hereof, and will accrue to, but not including, the day on which funds are withdrawn from the Master Accounts. 

5. Fees; Related Matters. 
 (a) TDA and TDATC make sweep alternatives available to its Customers, including but not limited to (x) money market funds, (y) free credits and (z) Money Market Deposit Accounts. During the
term of this Agreement, to the extent that TDA and TDATC determine to make available Money Market Deposit Accounts to its Customers as one of its designated sweep vehicles, TDA and TDATC shall be obligated to make available the Money Market Deposit
Accounts, as established and maintained at the Depository Institutions, as the default designated Money Market Deposit Account sweep vehicle to the Customers and as the exclusive sweep option for Money Market Deposit Accounts; provided, however,
that notwithstanding the foregoing, (i) TDA may change the default designated sweep vehicle from the Money Market Deposit Accounts to free credit balances held at TDAC for new accounts opened after the date of implementation of such a change or
if required by applicable law or regulation; (ii) TDA and TDATC may make available Money Market Deposit Accounts established and maintained with other depository institutions (A) to the extent any Customer Accounts exceed the Depository
Institutions’ aggregate FDIC deposit insurance limits as described in Section 7 or (B) if requested by a Customer. In connection herewith, the Ameritrade Companies shall provide marketing and support services in respect of Money
Market Deposit Accounts established on behalf of the Customers at the Depository Institutions. 
 In consideration of the
services to be provided by TDA, TDAC and TDATC respectively hereunder, the Depository Institutions agree to pay to the Ameritrade Companies collectively an aggregate fee (the “Marketing Fee”), on a monthly basis in arrears, not later than
15 calendar days after the end of each calendar month, in an amount equal to (i) the amount computed in accordance with Exhibit A with respect to the aggregate balances in the Master Accounts during such preceding calendar month,
less (ii) the actual interest paid by the Depository Institutions during such preceding calendar month on the Master Accounts pursuant to Section 4(a), less (iii) an annual servicing fee (“Service Fee”) of 25
basis points on the aggregate average daily balance in the Master Accounts (subject to adjustment as set forth in Exhibit B), less (iv) the total amount of FDIC deposit insurance premium assessments payable (including, if
applicable, any special FDIC deposit insurance premium assessments paid; provided, however, that if and to the extent such special assessment represents a prepayment of assessments for future periods, the Depository Institutions and the Ameritrade
Companies shall enter into good faith negotiations regarding a payment schedule for the Ameritrade Companies to pay their requisite share of such assessment) by the Depository Institutions each year in respect of or resulting from the deposits in
the Master Accounts, all as determined in accordance with 

  
 8 

 
Section 5(h), less (v) 55 basis points of average outstanding CRA Assets (as defined in Exhibit A), subject to revision annually at the Depository Institutions’
fiscal year-end to reflect inherent loss in the CRA portfolio for the prior year calculated in accordance with the Depository Institutions’ policy on allowance for loan losses, plus (vi) the tax benefit realized by the Depository
Institutions on any tax-exempt municipal securities included in CRA Assets, as calculated in accordance with Exhibit C. For purposes of this Section 5, the amounts payable pursuant to the foregoing clauses (iii) through
(vi) shall be based on the actual number of days elapsed in such prior calendar month divided by 365. In the event that the computation of the Marketing Fee in any given month results in a negative amount, the Ameritrade Companies collectively
agree to pay to the Depository Institutions such amount. 
 The mechanics of the payment of the Marketing Fee may vary from time
to time as agreed to in writing by the parties. The parties hereto agree that no portion of the Marketing Fee shall compensate TDAC or TDATC, or reimburse TDAC or TDATC for expenses incurred, in connection with acting as messenger for their
respective Customers. The Marketing Fee shall be allocated between the Depository Institutions as directed from time to time by TD Parent. 
 (b) The Ameritrade Companies shall be permitted to designate portions of the amounts on deposit in the Master Accounts as “Notional Investments,” on the following terms and conditions:

 (i) only amounts in excess of the designated Liquidity Reserve Levels set forth in Section 6 may be designated as
Notional Investments; 
 (ii) Notional Investments shall be designated by the Ameritrade Companies and may not have a final
maturity in excess of [CONFIDENTIAL TREATMENT REQUESTED] years from the investment date (a “Permitted Notional Investment”) unless a maturity or extension beyond [CONFIDENTIAL TREATMENT REQUESTED] years is agreed upon by the
Ameritrade Companies and the Depository Institutions; 
 (iii) The Ameritrade Companies shall designate a Permitted Notional
Investment by giving the Depository Institutions written notice of the designated principal amount and maturity date; 
 (iv)
the yield on any such Permitted Notional Investment shall be determined as set forth in Exhibit A; 
 (v) yields on a
Permitted Notional Investment will be determined and credited as the proceeds are invested by the Depository Institutions in corresponding assets, but in no event later than 10 Business Days after the Depository Institutions have received the
related notice of designation of such Permitted Notional Investment from the Ameritrade Companies; 
 (vi) should the Ameritrade
Companies designate a Notional Investment in excess of [CONFIDENTIAL TREATMENT REQUESTED] in any given week, the first [CONFIDENTIAL TREATMENT REQUESTED] designated in that week will be credited in accordance with clauses
(i) through (v) above and the excess portion will be credited when and if the Depository Institutions have notified the Ameritrade Companies in writing that they have 

  
 9 

 
identified sufficient and adequate assets corresponding thereto (which the Depository Institutions shall use reasonable best efforts to so identify as promptly as practicable after receiving the
related notice of designation of such Notional Investment from the Ameritrade Companies and pursuant to applicable investment policies); 
 (vii) prior to the Depository Institutions sending to the Ameritrade Companies for execution any written confirmation pursuant to Section 5(c) below, the Ameritrade Companies may rescind any
designation of a Notional Investment made pursuant to this Section 5(b), solely with respect to the then-remaining portion of a designated Notional Investment for which the Depository Institutions have not yet sent a confirmation to the
Ameritrade Companies, by providing written notice to the Depository Institutions of such rescission, which rescission notice shall be irrevocable and shall become effective at the end of business on the Business Day immediately following receipt of
such rescission notice by the Depository Institutions (it being understood and agreed that the Depository Institutions may continue sending confirmations to the Ameritrade Companies for execution with respect to the then-remaining portion of a
designated Notional Investment until the time at which such rescission notice becomes effective as provided in this clause (vii)); and 
 (viii) notwithstanding any other provision herein, the Ameritrade Companies shall use their commercially reasonable efforts to honor the respective maturity schedules of the corresponding Notional
Investments. 
 For purposes of this Agreement, a “Notional Investment” shall mean a synthetic asset equal in amount to a given deposit
in the Master Account. Notional Investments are initiated at a price of par, have a maturity date (a tenor designated by the Ameritrade Companies at the time of the investment) and carry a coupon rate and yield equal to the prevailing rate at the
time such investment is confirmed and determined in accordance with Exhibit A. For purposes of clarity, a Notional Investment is not a deposit. 
 (c) Each Notional Investment shall be evidenced by a written confirmation executed by the Ameritrade Companies and the applicable Depository Institution that details the agreed-upon yield, maturity date,
principal amount and other material terms. Except as otherwise provided in Section 6(d) or 18(h), in the event any portion of the funds underlying a particular Notional Investment are withdrawn prior to the maturity of the investment, the
Ameritrade Companies shall reimburse the applicable Depository Institution in an amount equal to the Economic Replacement Value, if positive, on the principal amount withdrawn to the applicable Depository Institution. Such reimbursement shall be due
upon receipt by the Ameritrade Companies of written notice of the amount of the reimbursement from such Depository Institution. For purposes of this Agreement, “Economic Replacement Value” is the interest cost to the applicable Depository
Institution calculated as the actual discounted value of any positive difference between the cost of the replacement funds underlying the Notional Investment and the cost of the previously agreed-upon funding, and shall be calculated in the manner
set forth in Exhibit D. At the request of the Ameritrade Companies, the Depository Institution(s) will provide estimates of the reimbursement that would be payable under this paragraph in the event of withdrawal of funds underlying certain
Notional Investments, and will cooperate with the Ameritrade Companies regarding potential liquidation strategies and, specifically, the determination of which Notional Investment will be withdrawn. 

  
 10 

 (d) The Ameritrade Companies and the Depository Institutions may from time to time agree, in writing, on
specific extension strategies and crediting arrangements (including modification of the Service Fee) that vary from the terms and conditions set forth above. 
 (e) On at least an annual basis, but no more often than quarterly, the Ameritrade Companies and the Depository Institutions will review and use reasonable best efforts to jointly agree, in writing, on the
maximum amount that may be designated per week for Notional Investments pursuant to Section 5(b). 
 (f) The parties hereby agree that the
Marketing Fee shall not be subject to either a cap or a floor. Notwithstanding the foregoing, the parties understand and agree that the arrangement created by this Agreement is subject to Section 23B of the Federal Reserve Act, as amended, and
applicable regulations thereunder (collectively, “Section 23B”) and, accordingly, must be on terms and conditions that comply with such statute and regulations. In the event that either Depository Institution determines that the Marketing
Fee paid by such Depository Institution, together with the interest rate paid on the Master Accounts exceeds the rate that such Depository Institution would have to pay to obtain funds in similar amounts and duration from unaffiliated deposit
sources and fails to comply with Section 23B, or that the arrangement otherwise fails to comply with Section 23B, then upon request of that Depository Institution, the parties shall renegotiate the Marketing Fee in good faith and, if they
cannot come to agreement, the Depository Institutions may terminate this Agreement in accordance with Section 18(g) hereof. 
 (g) The
Depository Institutions shall provide to the Ameritrade Companies, on an annual basis, an agreed-upon procedure report prepared by auditors for the Depository Institutions verifying that the calculations of the Marketing Fees paid by the Depository
Institutions pursuant to this Section 5 during the preceding fiscal year are in conformity with the terms of this Agreement. 
 (h) The
parties acknowledge that the deposits maintained in the Master Accounts and held at the Depository Institutions [CONFIDENTIAL TREATMENT REQUESTED]. In light of the foregoing, the Ameritrade Companies collectively agree to pay the Depository
Institutions (in respective amounts as determined by TD Parent) on a monthly basis until the termination of this Agreement, an amount equal to the sum of (i) the full amount of insurance premiums assessed by the FDIC in respect of the deposits
maintained in the Master Accounts and held at the Depository Institutions and (ii) until there is a change resulting in the deposits in the Master Accounts [CONFIDENTIAL TREATMENT REQUESTED], or resulting in other deposits at the
Depository Institutions being assessed at a higher rate (including through waiver, exception or otherwise, or a change in applicable law or regulation then in effect), [CONFIDENTIAL TREATMENT REQUESTED]% of the incremental cost incurred by
the Depository Institutions as a result of any [CONFIDENTIAL TREATMENT REQUESTED] to the total base assessment rate applicable to the Depository Institutions in respect of all other deposits held at the Depository Institutions that are not
maintained in the Master Accounts. Such amounts shall be payable as reductions to the Marketing Fee pursuant to Section 5(a) or, at TD Parent’s election and upon reasonable prior written notice, by direct payment to the Depository
Institutions. The methodology for calculating applicable FDIC deposit insurance premium assessments for purposes of this Agreement is set forth in Exhibit E. If at the time of any such payments the actual FDIC assessment for a relevant period
has not been determined, such payments shall be based on good faith estimates provided by the Depository Institutions, subject to retroactive adjustment based 

  
 11 

 
on final FDIC determination and FDIC assessment payments paid by the Depository Institutions for the relevant period. In connection with the foregoing, the Depository Institutions shall provide
the Ameritrade Companies, within a reasonable period of time following the end of each calendar quarter, with statements showing the calculation of FDIC assessments used by the Depository Institutions to determine the amounts payable under this
Section 5(h) during the immediately preceding calendar quarter, which calculations for the four calendar quarters in a particular calendar year shall be covered by the auditors’ report delivered for such year pursuant to Section 5(g)
above. The parties agree that promptly following the end of each calendar quarter, they will jointly review the amounts paid to the FDIC and owed by the Ameritrade Companies under this Section 5 for the preceding periods for which final
assessment information is available and, if necessary, adjust between the parties any identified over or under payments. 
 (i) TDA and the
Depository Institutions agree to jointly review and evaluate possible steps that may be taken to reduce the aggregate level of FDIC deposit insurance premiums related to or resulting from the program contemplated by this Agreement by reversing the
order in which TDAC Customer deposits are allocated to the Depository Institutions. If agreed and implemented by the parties, the costs of such study and implementation shall be shared equally between TDA, on the one hand, and the Depository
Institutions, on the other hand. 
 (j) In the event that for any reason, including a change in law or regulation, the deposits in a Master
Account cease to qualify as savings deposits for purposes of 12 C.F.R. Section 204.2(d)(2), (i) the parties shall negotiate in good faith to make appropriate adjustments to the Marketing Fee to reflect any financial consequences to the
Depository Institutions resulting from such change, including increased reserving requirements or other incremental costs that may be incurred by either party; and (ii) to the extent the parties cannot come to an agreement within 30 days of
such event, the Depository Institutions shall have the right to terminate this Agreement in accordance with Section 18(b). 
 (k) The
Depository Institutions shall pay TDAC and TDATC the Marketing Fee referred to in Section 5(a) above, pro rata, as calculated based on the deposits held in the Master Accounts. 

6. Liquidity Reserve Requirements. 
 (a) The Depository Institutions shall maintain an aggregate portfolio of Liquid Investments in respect of the balances on deposit in the Master Accounts in the percentages (each, a “Liquidity Reserve
Level”) and for the categories set forth below: 
 (i) Retail – [CONFIDENTIAL TREATMENT REQUESTED]%;

 (ii) Institutional – [CONFIDENTIAL TREATMENT REQUESTED]%; and 

(iii) Savings – [CONFIDENTIAL TREATMENT REQUESTED]%; 
 provided, that the Depository Institutions shall, at all times, have the right to manage the Liquidity Reserve Levels, on an individual basis, in order to comply with applicable legal and regulatory
requirements or satisfy any regulatory guidance, request or directive received by any Depository Institution or TD Parent from any applicable bank regulatory agency, including, 

  
 12 

 
without limitation, the Office of the Superintendent of Financial Institutions (Canada) (“OSFI”), the Board of Governors of the Federal Reserve System (“Federal Reserve”), the
Office of the Comptroller of the Currency (“OCC”) and the FDIC, in each case as determined by TD Parent in its reasonable judgment using principles consistent with comparable other deposits of TD Parent or the Depository Institutions, as
the case may be. TD Parent shall, to the extent practicable, provide the Ameritrade Companies with notice of, and a reasonable opportunity to review and comment on, any proposed change to such Liquidity Reserve Levels prior to such change becoming
effective. Should any change to the Liquidity Reserve Levels be materially adverse to the Ameritrade Companies and the parties cannot come to resolution satisfactory to each within 90 days of the change being effected, the Ameritrade Companies may
elect to terminate this Agreement by providing written notice to TD Parent pursuant to Section 18(c). The Liquidity Reserve Levels shall be reviewed at least annually by the Depository Institutions and the Ameritrade Companies. 

(b) For purposes of this Agreement, “Liquid Investments” shall mean (i) assets other than those in respect of Notional
Investments and CRA Assets and (ii) investments in respect of Notional Investments having a maximum remaining maturity of 90 days. 
 (c) In the event that the aggregate Liquid Investments maintained pursuant to Section 6(a) at a Depository Institution fall below the Liquidity Reserve Levels specified in or determined pursuant to
Section 6(a) for all the Master Accounts at such Depository Institution on an aggregate basis, whether as a result of a reduction in deposit balances in the Master Accounts, a change in Liquidity Reserve Levels or otherwise (in each case, a
“Liquidity Deficiency Event”), such Depository Institution shall give prompt written notice to the Ameritrade Companies, and the parties shall cooperate with each other to develop an orderly plan to remedy such Liquidity Deficiency Event.
Notwithstanding the foregoing, nothing herein shall restrict the Depository Institutions from taking any and all actions as they may deem necessary to comply with applicable legal and regulatory requirements or satisfy any regulatory guidance,
request or directive received by the Depository Institutions or TD Parent from any applicable bank regulatory agency. 
 (d) If, in connection
with a Liquidity Deficiency Event under Section 6(c) and following development of an orderly remedial plan if applicable, the applicable Depository Institution determines that a reduction in Notional Investments is necessary in order to remedy
such Liquidity Deficiency Event, the Ameritrade Companies shall: (i) designate the specific Notional Investments and related swaps to be terminated, after having consulted with the applicable Depository Institution on minimizing to the extent
possible any change in the weighted average maturity applicable to the aggregate portfolio of Notional Investments and related swaps at such Depository Institution, and (ii) reimburse such Depository Institution in an amount equal to the
Economic Replacement Value (as calculated in the manner set forth in Exhibit D) for the principal amount of the Notional Investment so terminated. Notwithstanding clause (i) of this Section 6(d), nothing herein shall restrict the
Depository Institutions from taking any and all actions as they may deem necessary to remedy a Liquidity Deficiency Event in compliance with applicable laws and regulations, and any such damages shall be covered as and to the extent provided in
clause (ii) of this Section 6(d). 

  
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 7. Allocation of Deposits. 

(a) TDAC shall allocate TDAC Customer funds in the TDAC Master Accounts so that an amount that is less than or equal to each TDAC
Customer’s FDIC deposit insurance limit is deposited in the TDAC Master Account at TD Bank, with any overage to be allocated to the TDAC Master Account at TD Bank USA, and TDATC shall allocate TDATC Customer funds to the TDATC Master Accounts
at TD Bank USA. As may be agreed by TDA and the Depository Institutions from time to time, in writing and in accordance with Section 5(i), TDAC may allocate TDAC Customer funds in such different manner as so agreed in order to reduce FDIC
deposit insurance premiums. 
 (b) The Depository Institutions recognize that the Ameritrade Companies may enter into agreements
in respect of Money Market Deposit Accounts with other depository institutions for, among other reasons as provided in Section 5(a), the purpose of providing FDIC insurance to Customer Accounts that exceed the Depository Institutions’ FDIC
deposit insurance limits, including, but not limited to, pursuant to the terms of Section 18(d). The Depository Institutions agree that the selection of other depository institutions to participate in the offering of Money Market Deposit
Accounts to Customers shall be in the sole discretion of the Ameritrade Companies, subject to TD Parent’s right to object based on reasonable commercial business considerations; provided, however, that regardless of any such objection, the
final decision concerning the selection of the other depository institutions remains in the sole discretion of the Ameritrade Companies. The Ameritrade Companies recognize and acknowledge that the Depository Institutions may offer Money Market
Deposit Accounts to persons other than the Customers without restriction. 
 (c) In the event that the Ameritrade Companies enter
into agreements with other depository institutions as permitted by Section 7(b), it is understood and agreed that the funds of the Customers in excess of the applicable FDIC insurance limits at the Depository Institutions shall be allocated to
the depository institutions offering Money Market Deposit Accounts as the Customers and TDAC or TDATC as agent for the Customers shall determine appropriate. In this regard, the Depository Institutions recognize that the Ameritrade Companies may
(i) provide the Customers with a list of depository institutions making Money Market Deposit Accounts available, and (ii) deposit in a Money Market Deposit Account at the depository institution selected by the Customer all Customer funds
in excess of the FDIC deposit insurance limits available at the Depository Institutions. 
 (d) If at any time a Depository
Institution is not legally permitted to accept deposits in a Master Account (whether because it has been deemed to be “adequately capitalized,” as defined in 12 C.F.R. Section 337.6, and has not yet received a waiver from the FDIC, or
is deemed to be less than “adequately capitalized,” or otherwise), TDAC and TDATC shall direct Customer deposits to the other Depository Institution (including, in the case of TDATC, to TD Bank) to the extent required to comply with
applicable law and subject to applicable deposit insurance limitations. To the extent that neither Depository Institution is then able to accept such Customer deposits, or the remaining Depository Institution that is permitted to accept such
deposits has reached its FDIC deposit insurance limit for applicable Customer Accounts, the Ameritrade Companies shall not direct such excess Customer deposits to any Depository Institution but may direct such excess Customer deposits to other
depository institutions pursuant to Section 7(b). 
  

  
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 8. Withdrawals from and Closure of a Master Account. 

(a) Withdrawals from a Master Account may be made prior to 4:00 p.m., Eastern Time, on any Business Day only by TDAC, as agent for the
TDAC Customers, or by TDATC, as agent for the TDATC Customers. All withdrawals shall be made no more than once a day on any Business Day pursuant to instructions delivered by TDAC or TDATC, as applicable, or their respective messenger. TDAC, TDATC
or such messenger, as applicable, shall receive evidence of the Depository Institution’s receipt of the withdrawal and transfer instructions for same day funds representing the total of such withdrawals to be made to TDAC, as agent for the TDAC
Customers, or TDATC, as agent for the TDATC Customers, as applicable. If directed by TDAC, TDATC or their respective messenger, as applicable, the Depository Institution will transfer funds to accounts at another depository institution. Each of TDAC
and TDATC agrees that upon its receipt of such payment for withdrawals, the Depository Institution shall have no further obligation and shall be discharged as to TDAC or TDATC, as appropriate, and any Customers on whose behalf such payment was made,
and that the Depository Institution shall have no further obligation with respect to the funds represented by such withdrawal other than the obligation to pay any accrued and unpaid interest relating to those funds. 

(b) Each of TDAC and TDATC reserves the right to make withdrawals equal to the remaining balance in a Master Account. Such Master Account
may only be closed by TDAC, as agent for the TDAC Customers, or TDATC, as agent for the TDATC Customers, as applicable. 
 9.
Registration at the Depository Institutions. Pursuant to instructions received from a Customer, if TDAC or TDATC, as applicable, so advises a Depository Institution, such Depository Institution shall record a Money Market Deposit
Account on behalf of such Customer on the books and records of the Depository Institution in the name of such Customer (i) if such Customer terminates its agency relationship with respect to the applicable Master Account at the Depository
Institution, (ii) if TDAC or TDATC cease to make the Depository Institution’s Money Market Deposit Account available as a designated sweep vehicle as permitted by the terms of this Agreement, or (iii) if this Agreement is terminated
by any party (in such case or in the case of clause (ii), subject to the provisions of Section 18(h)). Upon request, TDAC or TDATC, as applicable, will provide the Depository Institution with confirmation of such Customer’s instructions.
To facilitate such recordation in the name of such Customer, and upon direction by such Customer or by TDAC or TDATC, as applicable, TDAC or TDATC, as applicable, shall reasonably cooperate with the Depository Institution in establishing the
identity of such Customer, including, without limitation, the name, address and taxpayer identification number of such Customer and such other information as the Depository Institution may request in order to comply with applicable law. Upon
recordation of a Money Market Deposit Account in the name of a Customer, the provisions of this Agreement shall no longer govern the terms of such account and TDAC or TDATC, as applicable, shall have no further obligation with respect to servicing
such Customer’s Customer Account. 

  
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 10. Books and Records Concerning the Master Accounts. 

(a) As agents and custodians for the Customers, each of TDAC and TDATC will maintain, in good faith and in the regular course of business,
and in accordance with applicable published requirements of the FDIC (including, without limitation, FDIC requirements for pass-through deposit insurance coverage), books and records setting forth the daily balance and accrued interest in the Master
Accounts at the Depository Institutions and identifying with respect to such Master Accounts the names, addresses and social security or tax identification numbers of the Customers and any representative capacity in which the Customers may be
acting. It is understood that the names, addresses and social security or tax identification numbers of the Customers, and any representative capacity in which they may be acting, will be maintained on TDAC’s or TDATC’s, as applicable,
books and records in its capacity as agent and custodian for the Customers and will not be disclosed to the Depository Institutions except as otherwise required by law or this Agreement. 

(b) In connection with the Depository Institutions’ compliance with 12 C.F.R. Part 204 (“Regulation D”), TDAC and TDATC, as
recordkeepers for the Depository Institutions, shall allow independent auditors, examiners and other authorized representatives of the federal bank regulatory agencies that have appropriate jurisdiction over the Depository Institutions reasonable
access from time to time upon request to the books and records of TDAC and TDATC, as applicable, with respect to the Master Accounts, and each of TDAC and TDATC shall cooperate with such independent auditors and agencies to the extent necessary to
enable the Depository Institutions to comply with their obligations under Regulation D and other regulatory guidelines with regard to such requests for access. 
 (c) Each of TDAC and TDATC covenants that it shall at all times maintain, or cause to be maintained, an emergency system to ensure that the books and records concerning the Master Accounts will be
retrievable within a reasonable period of time in the event of a computer failure or malfunction. 
 (d) TDAC and TDATC may
delegate to a third party service provider their respective duties under this Section 10; provided, that (i) the third party service provider will at all times maintain, or cause to be maintained, an emergency system to ensure that the
books and records concerning the Master Accounts will be retrievable within a reasonable period of time in the event of a computer failure or malfunction and (ii) TDAC and TDATC will remain liable to the Depository Institutions for such
delegated services to the same extent as if TDAC or TDATC, as applicable, had performed them themselves. 
 (e) Upon request of a
Depository Institution, TDAC or TDATC, as applicable, will prepare and deliver to the Depository Institution, as promptly as is commercially reasonable, the following information with respect to any date(s) designated by the Depository Institution
in machine readable form or in the form of a computer printout: 
 (i) a list of all beneficial owners of the applicable Master
Account(s) at the Depository Institution, designated by account number, in which deposits are being made on that day, setting forth the amount of the deposit to each Money Market Deposit Account; 

  
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 (ii) a list of all beneficial owners of the applicable Master Account(s) at the Depository
Institution, designated by account number, from which withdrawals are being made on that day, setting forth the amount of the withdrawals from each Money Market Deposit Account; 

(iii) a statement of the aggregate balance in each applicable Customer’s Money Market Deposit Account after the deposits and
withdrawals set forth in the lists described in (i) and (ii) above, respectively, have been effected; 
 (iv) a list
of all beneficial owners of the applicable Master Account(s) at the Depository Institution, designated by account number, indicating whether each beneficial owner is an individual; an organization that is operated primarily for religious,
philanthropic, charitable, educational, political or other similar purpose and that is not operated for profit; the United States; a state, county, municipality or political subdivision thereof; or the District of Columbia, the Commonwealth of
Puerto Rico, American Samoa, Guam, any territory or possession of the United States or any political subdivision thereof; and 

(v) such other information as the Depository Institution may reasonably request to facilitate or demonstrate its compliance with
Regulation D (or any successor regulation). 
 (f) Not later than 15 days following the end of each calendar quarter, TDAC and
TDATC shall furnish to the Depository Institutions such information, and in such format, as the Depository Institutions may from time to time specify in connection with the preparation of their quarterly Consolidated Reports of Condition and Income
(Call Reports) or comparable report to be filed with the OCC, the FDIC or any other member of the Federal Financial Institutions Examination Council. 
 (g) TDAC and TDATC shall at all times comply, and ensure that any third party service provider to which it delegates any of its respective duties under this Section 10 will at all times comply, with
the applicable requirements of OCC Bulletin 2005-13 (12 C.F.R. Part 30, Appendix B), and TDAC and TDATC will allow the Depository Institutions access to their books and records and personnel in order to permit the Depository Institutions to maintain
and assess compliance with the foregoing requirements by TDAC and TDATC and any such third party service providers. 
 (h) TDAC
and TDATC will: (i) implement and maintain appropriate programs reasonably designed to ensure compliance with all regulations, orders and policies concerning matters such as the identity of the Customers and the sources of funds that are
handled pursuant to this Agreement, including the Bank Secrecy Act and the USA PATRIOT Act, and all regulations issued thereunder, Executive Order No. 13224 and the regulations administered by the Office of Foreign Assets Control of the U.S.
Department of the Treasury (together, “U.S. Money Laundering and Investor Identification Requirements”); and (ii) provide such information as the Depository Institutions may reasonably require from time to time to verify TDAC’s
and TDATC’s compliance with applicable U.S. Money Laundering and Investor Identification Requirements. The parties acknowledge that certain letter agreement, dated March 15, 2011, as may be amended from time to time, by and among TD
Parent, TD Bank, TD Bank USA and the Ameritrade Companies, with respect to anti-money laundering compliance and other matters set forth therein, and agree that this Section 10(h) should be read together with such letter agreement. 

  
 17 

 (i) TDAC and TDATC agree to provide the Depository Institutions with such reports as the
Depository Institutions may reasonably request from time to time in connection with their asset/liability management and forecasting programs. 
 11. Representations and Warranties of TDA. TDA represents and warrants to the Depository Institutions, as of the date hereof, as follows: 

(a) TDA is a corporation duly incorporated, validly existing and in good standing under the laws of the State of New York. 

(b) This Agreement constitutes a legal, valid and binding obligation of TDA, enforceable against TDA in accordance with its terms, except
as enforcement may be limited by bankruptcy, insolvency, liquidation or other similar laws affecting generally the enforcement of creditors’ rights. 
 (c) TDA has full power and authority to do and perform all acts contemplated by this Agreement. 
 (d) Neither the execution and delivery of this Agreement, the consummation of the transactions herein contemplated, the fulfillment of, or compliance with, the terms and provisions hereof, nor the
performance of its obligations hereunder will conflict with, or result in a breach of any of the terms, conditions or provisions of (i) any material federal law, regulation, order, regulatory agreement, or rule applicable to TDA, (ii) any
material applicable law, rule or regulation of the state in which TDA has its principal place of business or of any regulatory agency or self-regulatory organization, (iii) the articles of incorporation or bylaws of TDA or (iv) any
material agreement to which TDA is a party or by which it may be bound. 
 (e) TDA either has full power and authority to receive
on behalf of, and as agent for, each of the Customers any information, including disclosure information, that the Depository Institutions may provide in connection with a Money Market Deposit Account, including any disclosure information required by
law or, if TDA lacks such power and authority, TDA shall deliver such information directly to the Customers within any applicable time periods required by law. 
 (f) There is no action, suit, proceeding, inquiry or investigation by or before any court, governmental agency, public board or body pending or, to the knowledge of TDA, threatened against or contemplated
by any governmental agency which could reasonably be expected to materially impair the ability of TDA to perform its obligations under this Agreement. 
 12. Representations and Warranties of TDAC and TDATC. TDAC and TDATC, severally and not jointly, represent and warrant to the Depository Institutions, as of the date hereof, as follows:

  
 18 

 (a) TDAC is a corporation duly incorporated, validly existing and in good standing under the
laws of the State of Nebraska and TDATC is a non-depository trust company duly incorporated, validly existing and in good standing under the laws of the State of Maine. 
 (b) This Agreement constitutes a legal, valid and binding obligation of each of TDAC and TDATC, enforceable against each in accordance with its terms, except as enforcement may be limited by bankruptcy,
insolvency, liquidation or other similar laws affecting generally the enforcement of creditors’ rights. 
 (c) Each of TDAC
and TDATC has full power and authority to do and perform all acts contemplated by this Agreement. 
 (d) Neither the execution
and delivery of this Agreement, the consummation of the transactions herein contemplated, the fulfillment of, or compliance with, the terms and provisions hereof, nor the performance of its obligations hereunder will conflict with, or result in a
breach of any of the terms, conditions or provisions of (i) any material federal law, regulation, order, regulatory agreement, or rule applicable to TDAC or TDATC, (ii) any material applicable law, rule or regulation of the state in which
TDAC or TDATC has its principal place of business or of any regulatory agency or self-regulatory organization, (iii) the articles of incorporation or bylaws of TDAC or TDATC or (iv) any material agreement to which TDAC or TDATC is a party
or by which it may be bound. 
 (e) TDAC is the authorized representative, agent (or sub-agent) and nominee (or sub-nominee) for
each TDAC Customer in establishing, maintaining, making deposits to and withdrawals from and effecting other transactions in the TDAC Master Accounts and is authorized to give the Depository Institutions instructions on behalf of the TDAC Customers
with respect to the TDAC Master Accounts; and the Depository Institutions may conclusively rely without further inquiry on such instructions given by TDAC on behalf of the TDAC Customers or otherwise in connection with this Agreement. TDATC is the
authorized representative, agent (or sub-agent) and nominee (or sub-nominee) for each TDATC Customer in establishing, maintaining, making deposits to and withdrawals from and effecting other transactions in the TDATC Master Accounts and is
authorized to give the Depository Institutions instructions on behalf of the TDATC Customers with respect to the TDATC Master Accounts; and the Depository Institutions may conclusively rely without further inquiry on such instructions given by TDATC
on behalf of the TDATC Customers or otherwise in connection with this Agreement. 
 (f) Each of TDAC and TDATC either has full
power and authority to receive on behalf of, and as agent for, each of their respective Customers any information, including disclosure information, that the Depository Institutions may provide in connection with a Money Market Deposit Account,
including any disclosure information required by law or, if either TDAC or TDATC lacks such power and authority, TDAC or TDATC, as applicable, shall deliver such information directly to its Customers within any applicable time periods required by
law. 
 (g) There is no action, suit, proceeding, inquiry or investigation by or before any court, governmental agency, public
board or body pending or, to the actual knowledge of each of TDAC and TDATC, threatened by any governmental agency that could reasonably be expected to materially impair the ability of either of TDAC and TDATC to perform its obligations under this
Agreement. 

  
 19 

 13. Representations and Warranties of the Depository Institutions. Each
Depository Institution, severally and not jointly, represents and warrants to the Ameritrade Companies, as of the date hereof, as follows: 
 (a) Such Depository Institution is a national banking association organized and existing under the laws of the United States and regulated by the OCC. 

(b) This Agreement constitutes a legal, valid and binding obligation of such Depository Institution, enforceable against it in accordance
with its terms, except as enforcement may be limited by bankruptcy, insolvency, liquidation or other similar laws affecting the enforcement of creditors’ rights generally or of creditors of depository institutions the accounts of which are
insured by the FDIC. 
 (c) Neither the execution and delivery of this Agreement, the consummation of the transactions herein
contemplated, the fulfillment of, or compliance with, the terms and provisions hereof, nor the performance of its obligations with respect to the Master Accounts will conflict with, or result in a breach of any of the terms, conditions or provisions
of (i) any material federal banking or other law, regulation, order, regulatory agreement, or rule applicable to such Depository Institution or governing the acceptance of deposits, (ii) any material applicable law, rule or regulation of
the state in which such Depository Institution has its principal place of business or of any regulatory agency or self-regulatory organization, (iii) the articles of association or bylaws of such Depository Institution or (iv) any material
agreement to which such Depository Institution is a party or by which it may be bound. 
 (d) Such Depository Institution has
obtained and/or made any consent, approval, waiver or other authorization of or by, or filing or registration with, any court, administrative or regulatory agency or other governmental authority of the federal government or the state in which such
Depository Institution has its principal place of business that is required to be obtained by the Depository Institution in connection with the execution, delivery or performance by the Depository Institution of this Agreement or the consummation by
the Depository Institution of the transactions contemplated by this Agreement including, without limitation, the offering of Money Market Deposit Accounts to the Customers. 
 (e) The deposits made at such Depository Institution are insured by the FDIC to the fullest extent permitted by law and the Customer Accounts will be eligible for FDIC insurance for each Customer
identified on the records maintained pursuant to Section 10 for each recognized legal capacity for which the Customer is eligible, subject to (i) FDIC aggregation rules for other accounts held by a Customer with such Depository Institution
and (ii) such Depository Institution recording the Master Accounts as set forth in Section 3. 
 (f) Such Depository
Institution is “well capitalized,” as defined in 12 C.F.R. Section 337.6, and may accept, renew or roll over “brokered deposits,” as defined in 12 C.F.R. Section 337.6, without obtaining a waiver from the FDIC.

  
 20 

 (g) There is no action, suit, proceeding, inquiry or investigation by or before any court,
governmental agency, public board or body pending or, to the knowledge of such Depository Institution, threatened by any governmental agency which could reasonably be expected to materially impair the ability of such Depository Institution to
perform its obligations under this Agreement. 
 (h) The statements made in the TDA and TDATC disclosures to Customers and
Customer agreements, as provided to the Depository Institutions by TDA and TDATC prior to the signing of this Agreement (collectively, the “Customer Disclosures”), to the extent that they make representations concerning such Depository
Institution and its deposit insurance coverage, are true and accurate in all material respects. 
 (i) Such Depository
Institution is not the subject of or party to a memorandum of understanding or any supervisory agreements, mandated board resolutions, cease-and-desist orders, consent agreements, or regulatory restrictions that would, directly or indirectly,
materially impair its ability to perform its obligations under this Agreement. 
 (j) Such Depository Institution is authorized
under applicable law and regulation to pay interest on the Master Accounts at the interest rate determined in accordance with Section 4 hereof. 
 (k) Deposits of Customers in the Master Accounts at such Depository Institution are entitled to the priority provided to “deposit liabilities” by Section 11(d)(11) of the Federal Deposit
Insurance Act, as amended, and applicable regulations thereunder. 
 (l) No applicable law or regulation of the state of such
Depository Institution’s principal place of business or any political subdivision thereof imposes any state or local income or franchise tax with respect to any Customer’s interest in a Master Account established by a nonresident of such
state. 
 14. Representation and Warranty of TD Parent. TD Parent represents and warrants to the Ameritrade
Companies, as of the date hereof, that: 
 (a) TD Parent has capital at or above OSFI’s minimum capitalization ratio as
currently required by OFSI; and 
 (b) TD Parent is a Schedule I bank under the Bank Act (Canada). 

15. General Covenants. 
 (a) Each Depository Institution will provide notification as promptly as reasonably possible (and in any event within twenty-four (24) hours of learning of the relevant action or information) to the
Ameritrade Companies of any action by the FDIC or by such Depository Institution to terminate such Depository Institution’s FDIC-insured status. 
 (b) Each Depository Institution will provide notification as promptly as reasonably possible (and in any event within twenty-four (24) hours of learning of the relevant occurrence) to the Ameritrade
Companies upon the occurrence of any event that causes, or could reasonably be expected to cause, (i) the termination of such Depository Institution’s FDIC-insured status and (ii) such Depository Institution to be placed in a lower
capital category or deemed “undercapitalized,” as defined in 12 C.F.R. Section 337.6. 

  
 21 

 (c) TD Parent agrees to provide written notice to the Ameritrade Companies as promptly as
reasonably practicable (i) if TD Parent no longer owns or controls, directly or indirectly, a majority of the issued and outstanding voting securities of either or both of the Depository Institutions, or (ii) if TD Parent’s capital
falls below OSFI’s minimum capitalization ratio as required from time to time by OSFI. 
 (d) Each of TDA, TDAC and TDATC
will perform their respective obligations under this Agreement pursuant to all federal and state securities laws and all regulations of any regulatory agency or self-regulatory organization applicable to the performance of such obligations
hereunder. 
 (e) TDA shall maintain a fidelity bond covering its officers and employees in an amount equal to or exceeding
$1,000,000. 
 (f) TDA shall provide all of the services specified herein to be provided by TDA in accordance with industry
practices; provided, however, that in the event any applicable regulation, statute or rule changes or any new applicable regulation, statute or rule is enacted, the parties shall negotiate in good faith to determine appropriate service levels.

 (g) Each of TDAC and TDATC, as recordkeepers for the Depository Institutions, will maintain the applicable Master Accounts in
accordance with the definition of “savings deposit” in 12 C.F.R. Section 204.2(d)(2), and interpretations of the Federal Reserve thereunder, including the transfer and withdrawal restrictions contained therein. 

(h) Each of TDAC and TDATC will prepare and file, on a timely basis and in the manner prescribed by the Internal Revenue Code of 1986, as
amended (the “Internal Revenue Code”), and applicable regulations thereunder, all information returns that may be required by TDAC and TDATC in whatever capacity with respect to its respective Master Accounts (with the customary copies
thereof for state and local taxing authorities) and will furnish a copy of all information returns and notifications prescribed by the Internal Revenue Code and applicable regulations thereunder with respect to any Customer holding a Money Market
Deposit Account at the Depository Institution(s) to the Customer; provided, however, that in the event TDAC or TDATC does not have available to it the information required to complete such information return and such information is available to the
Depository Institution(s), TDAC or TDATC, as applicable, shall request such information from the Depository Institution(s) and upon receipt of such information in a timely manner, TDAC or TDATC, as appropriate, shall prepare and file such return in
an timely manner. Each of TDAC and TDATC will cause to be obtained and retained in its files any necessary exemption certificates from its respective Customers with respect to the filing of any information return and the withholding of taxes.

 (i) Each of TDAC and TDATC will withhold in a timely and proper manner any and all taxes required to be withheld under
applicable law in connection with the payment or crediting of any interest on any beneficial interest in the applicable Master Accounts and will pay in a timely and proper manner such amount to the appropriate governmental agency or its designated
agent. 

  
 22 

 (j) Each of TDAC and TDATC shall maintain a fidelity bond covering its officers and
employees in an amount equal to or exceeding $1,000,000. 
 (k) Each of TDAC and TDATC shall provide all of the services
specified herein to be provided by TDAC and TDATC in accordance with industry practices; provided, however, that in the event any applicable regulation, statute or rule changes or any new applicable regulation, statute or rule is enacted, the
parties shall negotiate in good faith to determine appropriate service levels. 
 (l) Each of TDAC and TDATC shall, with respect
to their Customer Accounts, comply with applicable U.S. Money Laundering and Investor Identification Requirements and implement, verify and maintain appropriate procedures to verify suspicious transactions and the source of funds for the Customer
Accounts. 
 (m) The Depository Institutions will furnish to the Ameritrade Companies (i) copies of all annual, quarterly,
and other reports and information furnished to stockholders of TD Parent, on or promptly following the time such reports and other information are first furnished to such stockholders, and (ii) any other reports and financial statements filed
by TD Parent with the U.S. Securities and Exchange Commission. 
 (n) The Master Accounts will not at any time be subject to any
right, charge, security interest, lien or claim of any kind against TDA, TDAC or TDATC in favor of the Depository Institutions or any person claiming through the Depository Institutions, and the Depository Institutions will not exercise any right of
set-off or recoupment against the Master Accounts. 
 (o) Each Depository Institution shall maintain a fidelity bond covering its
officers and employees in an amount equal to or exceeding $1,000,000. 
 (p) The Depository Institutions hereby covenant and
agree that, upon request by and at the sole option of the Ameritrade Companies, the Depository Institutions shall provide Master Accounts and related services to any of the Ameritrade Companies’ Affiliates or any successor entity of TDA, TDAC
or TDATC, as applicable, controlled by Ameritrade Parent upon terms and conditions that are substantially similar to those contained herein pursuant to either an amendment to this Agreement or a separate agreement; and the Ameritrade Companies
hereby covenant and agree that, in the event that TD Parent shall acquire one or more additional FDIC-insured depository institution subsidiaries in the United States that qualify as Affiliates after the date of this Agreement, the Ameritrade
Companies shall, at the request of TD Parent, enter into an amendment to this Agreement or a separate agreement for such additional depository institutions to provide services to the Ameritrade Companies that are substantially similar to those
provided to such companies by the Depository Institutions (but not in lieu of the Depository Institutions) pursuant to the terms of this Agreement; provided, however, that (i) if a new agreement is entered into pursuant to this
Section 15(p), the term of the new agreement shall be the term of this Agreement such that any expiration or termination of this Agreement shall 

  
 23 

 
cause such new agreement to terminate simultaneously with this Agreement; and (ii) the parties shall negotiate in good faith the timing and order of deposit sweep allocation of Customer
Account funds to the new depository institution or institutions; and (iii) the cost and effort to provide the necessary connectivity is substantially the same as that required between the Ameritrade Companies and the Depository Institutions.

 (q) Each Depository Institution shall provide all of the services specified herein to be provided by the Depository
Institution in accordance with industry practices; provided, however, that in the event any applicable regulation, statute or rule changes or any new applicable regulation, statute or rule is enacted, the parties shall negotiate in good faith to
determine appropriate service levels. 
 (r) Each Depository Institution has provided, and while any Master Account is maintained
will provide, the Ameritrade Companies with all information that each Depository Institution is required to provide Money Market Deposit Account holders under any federal or state law, rule or regulation governing savings deposits held under
arrangements similar to that set forth herein. None of TDA, TDAC or TDATC shall have any responsibility for any omission on a Depository Institution’s part to notify the Ameritrade Companies or for any delay in notification, of any disclosure
that is required to be distributed by a Depository Institution at the time of, or subsequent to, the date hereof. 
 16.
Master Account Description, Statements and Disclosures. 
 (a) TDA and TDATC agree to provide each Customer with a
description of the terms and conditions of the Master Accounts, substantially in the form of the Customer Disclosures referred to in Section 13(h), as the same shall be amended from time to time, prior to or simultaneously with the
Customer’s election of the Money Market Deposit Account as the designated sweep vehicle. TDA and TDATC agree to provide any amendments to the Customer Disclosures to the Depository Institutions for their review and approval prior to providing
the amended Customer Disclosures to Customers. 
 (b) TDA and TDATC agree to periodically provide each Customer with a statement
on a monthly, quarterly or other basis permitted by law, which shall reflect each deposit to or withdrawal from the Customer Account during the previous period, the closing balance of such Customer Account at the end of the previous period, and the
amount of interest earned on funds in such Customer’s Money Market Deposit Account during the previous period. The parties acknowledge that the Depository Institutions will have no responsibility for providing such periodic statements or for
the completeness or accuracy thereof. 
 (c) TDA and TDATC agree to distribute all disclosures provided by the Depository
Institutions pursuant to Section 15(r) hereof to the Customers. 
 (d) Upon establishment of a Money Market Deposit Account
by a Customer, TDA or TDATC, as applicable, shall provide the Customer with information regarding the date of the initial deposit to the applicable Master Account, the name of the Depository Institution, and the fact that TDA or TDATC, as
applicable, will receive from the Depository Institution the fee described in Section 5 hereof. The information may be furnished by TDA or TDATC, as applicable, in the form of a trade confirmation or a customer transaction statement.

  
 24 

 17. Indemnification. 

(a) Each Depository Institution agrees, severally and not jointly, to indemnify and hold harmless the Ameritrade Companies and their
Affiliates, and their respective officers, directors, employees, agents and contractors, from and against any liability, claim, cost or expense (including court costs and attorneys’ fees) arising out of (i) such Depository
Institution’s material breach of any of its representations, warranties, covenants or other agreements set forth in this Agreement and (ii) such Depository Institution’s gross negligence, fraud or intentional misconduct. 

(b) The Ameritrade Companies agree, severally and not jointly, to indemnify and hold harmless the Depository Institutions and their
Affiliates, and their respective officers, directors, employees, agents and contractors, from and against any liability, claim, cost or expense (including court costs and attorneys’ fees) arising out of (i) TDA’s, TDAC’s or
TDATC’s material breach of any of TDA’s, TDAC’s or TDATC’s representations, warranties, covenants or other agreements set forth in this Agreement and (ii) TDA’s, TDAC’s or TDATC’s gross negligence, fraud or
intentional misconduct. 
 (c) For purposes of this Section 17, the party obligated to provide the indemnity described in
Sections 17(a) and 17(b) will be referred to as the “Indemnitor” and the party receiving the benefit of such indemnity will be referred to as the “Indemnitee.” The Indemnitee shall give the Indemnitor prompt notice of any claim
for indemnification; provided, that the Indemnitee’s failure to give such prompt notice shall not relieve the Indemnitor of its indemnification obligation except to the extent that the Indemnitor was materially prejudiced by such failure. The
Indemnitor shall have no obligation pursuant to Section 17(a) or 17(b), as applicable, unless the Indemnitee permits the Indemnitor to assume and control the defense of the related claim, suit, action or proceeding, with counsel chosen by the
Indemnitor (who must be reasonably acceptable to the Indemnitee). The Indemnitor shall not enter into any settlement or compromise of any such claim, suit, action or proceeding without the Indemnitee’s prior written approval, which approval
shall not be unreasonably withheld. 
 (d) Notwithstanding the foregoing, the Indemnitee may, at its own option and expense,
employ counsel to monitor any claim for which it is entitled to indemnification under this Section 17, and counsel for the Indemnitor shall provide cooperation and assistance to such counsel for the purpose of apprising the Indemnitee of the
status of such proceeding, including the status of settlement negotiations, if any. Nothing in this Agreement shall be deemed to limit or eliminate the right of a party at any time to waive indemnification to which it is otherwise entitled pursuant
to this Section 17 by independently defending or settling any claim on its own behalf; provided, that the party exercising this right will provide the other party with prompt written notice of its intent to do so, and such party agrees that it
will not be entitled to seek any other remedy against the other with respect to the subject matter of the claim for which it has waived indemnification. 

  
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 (e) Notwithstanding any other provision herein, neither party will be liable to the other
for: 
 (i) special, indirect, consequential, punitive, exemplary or incidental damages of the other party of any kind,
including but not limited to lost profits, lost savings, and loss of use of facility or equipment, regardless of whether arising from breach of contract, warranty, tort, strict liability or otherwise, even if advised of the possibility of such
losses or damages or if such losses or damages could have been reasonably foreseen, except in any such case for amounts awarded by a final judicial determination or settlement to third parties; or 

(ii) any delay or failure to perform its obligations under this Agreement to the extent that such delays or failures result from causes
or circumstances beyond its reasonable control, including, but not limited to, failure of electronic or mechanical equipment, strikes, failure of common carrier or utility systems, severe weather, market disruptions, or other causes commonly known
as “acts of God”; in any such event, in order to be so excused from such delay or failure to perform, the party so affected must give notice of the cause of such delay or failure to the other party as promptly as practicable and use
reasonable efforts to remedy the cause of such delay or failure if practicable and take all reasonable actions as may be appropriate to continue performance under this Agreement. 

18. Termination; Related Procedures. 
 (a) The initial term of this Agreement shall expire on July 1, 2018 (the “Initial Expiration Date”) and will automatically renew for a term that is five (5) years from such Initial
Expiration Date (for purpose of clarity, such initial renewal term would expire on July 1, 2023) and from each subsequent fifth anniversary of the prior expiration date unless, in the case of any such renewal term, the Ameritrade Companies, on
the one hand, or the Depository Institutions, on the other hand, have given the other written notice of non-renewal at least two (2) years prior to (x) the Initial Expiration Date (for purposes of clarity, such date of notice being
July 1, 2016), or (y) prior to the expiration date of any subsequent renewal term of this Agreement. If none of the parties gives written notice of non-renewal at least two (2) years prior to the end of a five-year renewal term, this
Agreement shall automatically renew for a successive five-year term at the end of such renewal term. 
 (b) The Depository
Institutions shall have the right to terminate this Agreement by written notice to the Ameritrade Companies (i) in order to comply with any order or directive received by the Depository Institutions or TD Parent from any applicable regulatory
agency, including, without limitation, OSFI, the Federal Reserve, the OCC and the FDIC, to terminate this Agreement; or (ii) if there is a materially adverse regulatory development, including for purposes of Section 5(j) above, relating to
the qualification of the deposits in the Master Accounts as savings deposits under 12 C.F.R. Section 204.2(d)(2). 
 (c) The
Ameritrade Companies shall have the right to terminate this Agreement by written notice to the Depository Institutions (i) in the event that TD Parent fails to maintain capital at or above the then-applicable minimum capitalization ratio
required by OSFI, as published from time to time by OSFI, (ii) in order to comply with any order or directive received by the Ameritrade Companies from any applicable regulatory agency, including,

  
 26 

 
without limitation, the Securities and Exchange Commission, the Financial Industry Regulatory Authority or the State of Maine, to terminate this Agreement, (iii) if there is a materially
adverse regulatory development, or (iv) if Liquidity Reserve Levels are modified as set forth in Section 6(a) above. 

(d) The Ameritrade Companies and the Depository Institutions shall each have the right to terminate this Agreement by written notice to
the other if TD Parent no longer owns, directly or indirectly, a majority of the issued and outstanding shares of common stock of either or both of the Depository Institutions; provided, that the Ameritrade Companies shall not have a right of
termination pursuant to this Section 18(d) as long as TD Parent, directly or indirectly, is able to provide the Ameritrade Companies through an Affiliate of TD Parent, without material interruption to their Customers, with Money Market Deposit
Accounts on terms, including product terms, economics (including, but not limited to, pricing) and FDIC deposit insurance coverage, at least as favorable in all material respects as offered to the Ameritrade Companies hereunder immediately prior to
the date on which the termination event provided for in this Section 18(d) first occurred. In the event of any right of termination pursuant to this Section 18(d), the Ameritrade Companies shall have the right to commence good faith
negotiations to acquire the assets related to the Notional Investments at their respective fair market values pursuant to terms mutually agreed to in writing by the Ameritrade Companies and the Depository Institutions. 

(e) The Ameritrade Companies and the Depository Institutions shall each have the right to terminate this Agreement by written notice to
the other if any Depository Institution is deemed (x) “adequately capitalized,” as defined in 12 C.F.R. Section 337.6, and has failed to obtain the waiver referenced in 12 C.F.R. Section 337.6(c) within 180 days of such
Depository Institution being deemed adequately capitalized, or (y) “undercapitalized,” as defined in 12 C.F.R. Section 337.6 or any lower category set forth therein; provided, that the Ameritrade Companies shall not have a right
of termination pursuant to this Section 18(e) as long as TD Parent, directly or indirectly, is able to provide the Ameritrade Companies, through an Affiliate of TD Parent without material interruption to their Customers, with Money Market
Deposit Accounts on terms, including product terms, economics (including, but not limited to, pricing) and FDIC deposit insurance coverage, at least as favorable in all material respects as offered to the Ameritrade Companies hereunder immediately
prior to the date on which the termination event provided for in this Section 18(e) first occurred. 
 (f) In the event that
any of TDA, TDAC or TDATC, on the one hand, or the Depository Institutions, on the other hand, materially breaches any of their respective covenants set forth in the first paragraph of Section 5(a) or in Sections 5, 6, 15(d), 15(g), 15(h),
15(i), 15(l), 15(n) or 15(r) of this Agreement, as applicable, and fails to cure such breach within 90 days of receipt of written notice of such breach from the non-breaching parties if any regulatory action is required to cure such breach (or, if
no regulatory action is required to cure such breach, within 45 days of receipt of written notice of such breach), the non-breaching parties shall have the right to terminate this Agreement upon written notice to the breaching parties. 

(g) The Depository Institutions shall have the right to terminate this Agreement under the terms of Section 5(f) by providing written
notice to the Ameritrade Companies promptly upon arriving at the decision to terminate; provided, that upon any exercise 

  
 27 

 
of such right, (i) the Marketing Fee shall be adjusted only if required as directed in writing by a federal bank regulatory agency with jurisdiction over the Depository Institutions in order
for the Depository Institutions to be in compliance with Section 23B of the Federal Reserve Act, as amended, and applicable regulations thereunder, and (ii) no new accounts shall be accepted in the Master Accounts. 

(h) Each of the parties agree that it will not exercise its right to terminate this Agreement (unless in the case of a termination
pursuant to Section 18(b) or Section 18(c) an immediate termination of this Agreement is required to comply with any applicable law, regulation, order or directive) until the CEO of TDA and the CEO of TD Parent have had a reasonable
opportunity to discuss the circumstances that give rise to the right of termination and are unable to resolve the matter within ninety (90) days after the referral of the matter to them. 

(i) Any termination of this Agreement pursuant to Sections 18(a)-(g) shall become effective on the second anniversary of the
exercise by the applicable parties of their right to terminate this Agreement (unless, in the case of a termination pursuant to Section 18(b) or Section 18(c)(ii), an earlier termination of this Agreement is required to comply with any
applicable law, regulation, order or directive; or in the case of a termination pursuant to Section 18(g), if the Marketing Fee is required to be adjusted, then the Agreement shall immediately enter the “run-off” period described
below), and, until the effectiveness date of such termination (the “two-year notice period”), this Agreement shall continue in full force and effect (subject to any regulatory restrictions with regard to the acceptance, renewal or roll
over of deposits in the Master Accounts, if applicable). After such two-year notice period, or in the case of a termination pursuant to Section 18(g) if the Marketing Fee is required to be adjusted, this Agreement then shall enter a
“run-off” period (unless and to the extent, in the case of a termination pursuant to Section 18(b) or Section 18(c)(ii), such run-off period is not permitted by applicable laws, regulations, orders or directives) in which
(a) no incremental accounts shall be accepted in the Master Accounts; and (b) deposits in the Master Accounts shall be repaid ratably from each of the categories set forth in Section 6(a) based on the respective maturity schedules of
the corresponding Notional Investments designated by TDA pursuant to Section 5(b) beginning with the earliest such maturity; provided that, for purposes of calculating the Marketing Fee payable to the Ameritrade Companies during this run-off
period following the two-year notice period, any repayment of deposits that reduces a Notional Investment shall also reduce a pro rata portion of any corresponding Liquid Assets maintained by the Depository Institutions pursuant to
Section 6 hereof. 
 (ii) TDA will reimburse the Depository Institutions, promptly upon their request from time to time,
for losses resulting from or relating to reductions in deposit levels in the Master Accounts in excess of the run-off process specified in paragraph (ii) of this Section 18(h) in an amount equal to the sum, if positive, of (A) the
Economic Replacement Value of the amount of such excess deposit run-off, plus (B) if and to the extent that such deposit run-off has resulted in the early termination of Notional Investments which exceed [CONFIDENTIAL TREATMENT REQUESTED]
in principal amount, an amount equal to, for each investment security sold or disposed of as a result of such excess deposit run-off, [CONFIDENTIAL TREATMENT REQUESTED]. In connection with any reduction in Notional Investments and
in the interest of minimizing losses to the extent practicable, the Depository Institutions shall use their reasonable best efforts to reallocate the corresponding assets and swaps or other derivatives to TD Parent or its other subsidiaries rather
than selling, settling or terminating such assets, swaps and other derivatives. 

  
 28 

 (iii) During the two-year notice period referred to in Section 18(h), TDA and TDATC
will no longer be required to make the Money Market Deposit Accounts at the Depository Institutions the default designated depository institution sweep vehicle to Customers. In the interest of an orderly transition, TDA and TDATC shall not be
restricted (A) from transferring or reinvesting deposits from then-existing Customer Accounts to another depository institution in accordance with the agreed-upon transition plan referred to in paragraph (iv) of this Section 18(h)
(B) from directing new sweep and deposit accounts to any other depository institution as part of its transition strategy or (C) from offering Customers the ability to sweep their available cash to free credits held at TDAC or to other
products or venues. 
 (iv) Following notice of any termination of this Agreement pursuant to Section 18 hereof (and, if
applicable, any specified cure period), the Depository Institutions and TDA and TDATC shall, as soon as practicable, use their reasonable best efforts in good faith to jointly develop and adopt a plan for the orderly transition of the deposits
maintained in the Master Accounts to a successor depository institution or successor depository institutions consistent with the deposit payout schedule referred to in paragraph (i) of this Section 18(h). 

(v) The right to terminate pursuant to this Section 18 shall not be deemed to be the exclusive remedy for breach of this Agreement
but shall be in addition to all other remedies under this Agreement or available at law or in equity. 
 19.
Survival. Following expiration or termination of this Agreement pursuant to Section 18 hereof, Sections 17, 19, 20, 23, 24, 25, 28, 29 and 31 shall survive any such expiration or termination. All other sections of this Agreement
shall survive until the Master Accounts established at the Depository Institutions are closed. 
 20. Confidentiality.

 (a) The Ameritrade Companies and the Depository Institutions mutually acknowledge that, in the course of their dealings
with each other in connection with this Agreement, each may learn Confidential Information of or concerning the other party or third persons to whom the other party has an obligation of confidentiality. For the purposes of this Agreement,
“Confidential Information” shall mean, with respect to any person, any confidential, business, trade secret, proprietary or other like information that is provided, produced or disclosed by such person in connection with performance of
this Agreement, whether in written, electronic or oral form, whether tangible or intangible, and whether or not labeled or designated as “confidential.” Confidential Information also includes any information regarding the contents of this
Agreement. 
 (b) Each party shall treat all Confidential Information received from the other party as proprietary, and shall not
disclose such Confidential Information orally or in writing to any third party without the prior written consent of the other applicable party, and shall not appropriate any of such Confidential Information for its own use or for the use of any
other 

  
 29 

 
person. Without limiting the foregoing, each party agrees to take at least such precautions to protect the other party’s Confidential Information as it takes to protect its own Confidential
Information, but in no event shall such precautions be less than reasonable or as required by applicable law. 
 (c) Upon the
request of another party following the termination of the Agreement and the closing of the Master Accounts, each party shall (a) return to such other party all tangible items containing any of such other party’s Confidential Information,
including all copies, abstractions and compilations thereof, and (b) remove from its computer systems any record in electronic form that contains any of such other party’s Confidential Information, including all copies, abstractions and
compilations thereof, without retaining any copies of the items required to be returned. Any party may further require that the other parties certify in writing that they have fulfilled their obligations under this Section 20(c). 

(d) Notwithstanding anything herein to the contrary, each party may keep records of the other parties’ Confidential Information for
recordkeeping as required by applicable law; provided, that the confidentiality of all such Confidential Information is maintained in a manner consistent with the requirements of this Agreement. The obligations of this Section 20 extend to the
employees, agents, service providers and subcontractors of each party and their respective Affiliates, and each party shall inform such persons of their obligations under this Section 20. 

(e) Nothing in this Agreement shall be construed to restrict disclosure or use of any information otherwise constituting Confidential
Information that: (a) was in the possession of or rightfully known by the recipient, without an obligation to maintain its confidentiality, prior to receipt from the other party; (b) is or becomes generally known to the public without
violation of this Agreement; (c) is obtained by the recipient in good faith from a third person having the right to disclose it without an obligation of confidentiality; or (d) is independently developed by the receiving party without the
participation of any persons who have had access to the other party’s Confidential Information. 
 (f) Each party shall,
upon learning of any unauthorized disclosure or use of another party’s Confidential Information, notify such other party promptly and cooperate fully with such party in protecting its Confidential Information. 

(g) If any party believes it is required, by applicable law or by a subpoena or order of a court, regulatory agency or self-regulatory
organization having appropriate jurisdiction, to disclose any of another party’s Confidential Information, subject to applicable law that may prohibit the rendering of such notification, it shall promptly notify the applicable party prior to
any disclosure and shall make all reasonable efforts to allow such other party an opportunity to seek a protective order or other judicial relief. Despite any contrary provision in this Agreement, if the party seeking to prevent disclosure of such
Confidential Information does not obtain a protective order or other judicial relief within a reasonable period of time, the party required to disclose the Confidential Information may disclose such information only to the extent required and will
continue to treat the Confidential Information in accordance with this Agreement for all other purposes. Notwithstanding the foregoing and in connection with the Depository Institutions’ compliance with Regulation D, if a Depository Institution
receives a 

  
 30 

 
request for information regarding a Customer Account at such Depository Institution from a federal bank regulatory agency with jurisdiction over such Depository Institution, the Depository
Institution will inform TDA and TDAC or TDATC, as applicable, of the request and TDA and TDAC or TDATC, as applicable, will provide the information sought as soon as possible, but in any event within ten (10) days. Notwithstanding anything in
this Agreement to the contrary, nothing in this Agreement will prevent a party from disclosing any Confidential Information to any regulatory authority having jurisdiction over it or its subsidiaries in connection with ordinary course
reporting/discussions between it or its subsidiaries and such authorities, or as may otherwise be required by law or regulation and, accordingly, the prohibitions of disclosure, obligations of notice and related provisions in this Agreement do not
apply to any such disclosure to any such regulatory authority. 
 (h) Each party, with reasonable notice to the other parties and
during normal business hours, shall have the right to inspect the other parties’ books and records relating to this Agreement in order to monitor the other parties’ compliance with applicable privacy policies, laws and regulations. The
party requesting the inspection shall bear all costs in connection with such inspection. Each party agrees that it shall not interfere with the ordinary and normal course of the other parties’ business in conducting the inspection. 

(i) The parties acknowledge that disclosure of any Confidential Information by the party receiving it will cause irreparable injury to the
disclosing party, its customers and other persons, and is inadequately compensable in monetary damages. Accordingly, a party may seek injunctive relief in any court of competent jurisdiction for the breach or threatened breach of this
Section 20, in addition to any other remedies in law or equity, and no party will raise the defense of an adequate remedy at law in opposition to any such petition for injunctive relief. This Section 20(i) shall not apply to disclosures
required by applicable law, as provided in, and under the conditions of Section 20(g) hereof. 
 21. Notices.

 (a) All notices under the Agreement will be in writing and will be sent: 

if to TD Bank USA, to: 
 TD Bank USA, National Association 
 1701 Route 70 East 

Cherry Hill, NJ 08034 
 Attention: General Counsel 
 Facsimile: **** 

if to TD Bank, to: 
 TD Bank, National Association 
 1701 Route 70 East Cherry Hill, NJ 08034Attention:
General Counsel 
 Facsimile: **** 

  
 31 

 if to TD Parent, to: 

The Toronto-Dominion Bank 
 66 Wellington Street West, 4th Floor 
 Toronto, Ontario M5K 1A2, Canada 

Attention: General Counsel 
 Facsimile: **** 
 if to TDA, to: 

TD Ameritrade, Inc. 
 c/o TD Ameritrade Holding Corporation 
 4211 South 102nd Street 

Omaha, Nebraska 68127 
 Attention: Chief Financial Officer 
 Facsimile: **** 

if to TDAC, to: 

TD Ameritrade Clearing, Inc. 
 4211 South 102nd Street 
 Omaha, Nebraska 68127 

Attention: Chief Financial Officer 
 Facsimile: **** 
 if to TDATC, to: 

TD Ameritrade Trust Company 
 6940 Columbia Gateway Drive, Suite 200 
 Columbia, Maryland 21046 

Attention: General Counsel 
 Facsimile: **** 
 and, a copy to: 

TD Ameritrade Holding Corporation 
 6940 Columbia Gateway Drive, Suite 200 
 Columbia, Maryland 21046 

Attention: General Counsel 
 Facsimile: **** 
 (b) All notices to be sent or delivered hereunder shall be deemed
to be given or become effective for all purposes of this Agreement as follows: (i) when delivered in person, when delivered; (ii) when sent by registered, certified or express mail, on the earlier of the third Business Day after the date
of deposit in the United States mail or the date of receipt; and (iii) when sent by telegram, telecopy, overnight delivery or other form of rapid transmission, when receipt of such transmission is received by the sender. 

  
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 22. Expenses. Except as otherwise set forth herein, each party hereto shall
pay its own expenses incident to the preparation, execution and performance of this Agreement and the consummation of the transactions contemplated herein. 
 23. Governing Law. This Agreement and all rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of the State of New York. 

24. Assignment. None of TDA, TDAC or TDATC, on the one hand, or the Depository Institutions, on the other hand, may assign
its rights or delegate its duties under this Agreement, either in whole or in part, without the prior written consent of the other party; provided, however, that such consent shall not be required for an assignment by: (i) TDA, TDAC or TDATC to
any entity that is an Affiliate of, or successor entity to, TDA, TDAC or TDATC, or to a purchaser of all or substantially all of the assets of TDA, TDAC or TDATC, as applicable; or (ii) any Depository Institution to another depository
institution that is an Affiliate of TD Parent in order to effectuate the terms set forth under the provisos found in Sections 18(d) and 18(e) which limit the Ameritrade Companies right to terminate. Notwithstanding anything to the contrary contained
herein, TD Parent may assign this Agreement to another depository institution that is an Affiliate of TD Parent provided that it receives the prior written consent of the Ameritrade Companies, which consent will not be unreasonably withheld. Any
attempted assignment or delegation in violation of this Section 24 shall be void. This Agreement shall be binding upon all successors and permitted assigns of each party, irrespective of any change with regard to the name of or the personnel of
any party. 
 25. Court Fees and Damages. In the event of suit by any of the parties to enforce this Agreement, the
prevailing party shall be entitled to such court costs and attorneys’ fees as the court deems reasonable. 
 26.
Entire Agreement. This Agreement, together with all exhibits and schedules attached hereto, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements,
negotiations, representations and proposals, whether written or oral, with the exception of: (i) any confidentiality agreements that may have been entered into by the parties prior to the execution of this Agreement; (ii) the Amended and
Restated Cash Management Services Agreement, dated November 1, 2011, by and between TDA and TD Bank USA (the “CMS Agreement”); (iii) that certain letter agreement, dated February 15, 2012, by and between TDA and TD Bank USA,
setting forth certain understandings relating to the CMS Agreement; (iv) that certain letter agreement, dated March 15, 2011, as may be amended from time to time, by and among TD Parent, TD Bank, TD Bank USA and the Ameritrade Companies,
with respect to anti-money laundering compliance and other matters set forth therein; and (v) that certain letter confirmation, dated December 17, 2009, from TD Bank to TDAC, and that certain letter confirmation, dated December 17,
2009, from TD Bank USA to TDAC, each confirming certain matters with respect to the TDAC Customer Accounts identified therein. 

  
 33 

 27. Invalidity. If any provision or condition of this Agreement is held
invalid or unenforceable by any court or regulatory agency, such invalidity or unenforceability attaches only to such provision or condition, and the validity of the remaining provisions and conditions remain unaffected and shall be enforced to the
fullest extent permitted by applicable law or regulation. 
 28. Counterparts. This Agreement may be executed in
one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 
 29. Headings. The division of this Agreement into sections, clauses, paragraphs or subdivision and the insertion of headings are for convenience only and shall not affect the construction or
interpretation. This Agreement shall be read and interpreted with all changes of gender or number required by the context to the ordinary and usual meanings of words, but words with recognized technical or trade meanings shall be interpreted
according to such recognized meanings. 
 30. References to Statutes, Rules or Regulations. Any reference to a
statute, rule or regulation in this Agreement is deemed also to refer to any amendment or successor provision to that statute, rule or regulation. 
 31. Gramm-Leach-Bliley Compliance and Related Matters. 
 (a) The
Depository Institutions and the Ameritrade Companies hereby acknowledge that they are subject to the privacy regulations under Title V of the Gramm-Leach-Bliley Act, 15 U.S.C. Section 6801 et seq., pursuant to which regulation the Ameritrade
Companies are required to obtain certain undertakings from the Depository Institutions, and the Depository Institutions are required to obtain certain undertakings from the Ameritrade Companies, with regard to the privacy, use and protection of
nonpublic personal financial information of their respective Customers or prospective customers. Therefore, notwithstanding anything to the contrary contained in this Agreement, the Depository Institutions and the Ameritrade Companies agree that
(i) they shall not disclose or use any Customer Data except to the extent necessary to carry out obligations under this Agreement and for no other purpose; (ii) they shall not disclose Customer Data to any third party, including, without
limitation, third party service providers without the prior consent of each other and an agreement in writing from the third party to use or disclose such Customer Data only to the extent necessary to carry out the Depository Institutions’
obligations or the Ameritrade Companies’ obligations under this Agreement, and for no other purposes; (iii) they shall maintain, and shall require all third parties approved under clause (ii) to maintain, effective information
security measures to protect Customer Data from unauthorized disclosure or use; and (iv) they shall provide each other with information regarding such security measures upon reasonable request and promptly provide information regarding any
failure of such security measures or any security breach related to Customer Data. The Ameritrade Companies further agree to provide all Customers with copies of the Ameritrade Companies’ privacy policies as in effect from time to time, and
comply with the provisions of such policies. In furtherance of the foregoing, the Ameritrade Companies agree to take appropriate remedial actions upon the occurrence of any breach of such privacy policies or any federal or state privacy, customer
information security or similar laws, regulations or guidelines. The obligations set forth in this Section 31 shall survive termination of this Agreement. 

  
 34 

 (b) For purposes of this Agreement, “Customer Data” means the nonpublic personal
information (as defined in 15 U.S.C. Section 6809(4)) of TDA, TDAC or TDATC Customers or prospective customers (and/or TDA’s, TDAC’s and TDATC’s respective Affiliates) received by a Depository Institution, or of a Depository
Institution’s customers or prospective customers received by TDA, TDAC or TDATC, in connection with the performance of obligations under this Agreement, including, but not limited to (i) an individual’s name, address, e-mail address,
IP address, telephone number and/or social security number; (ii) the fact that an individual has a relationship with such Depository Institution, TDA, TDAC or TDATC and/or its respective Affiliates; or (iii) an individual’s account
information. 
 (c) The Ameritrade Companies and the Depository Institutions may disclose Customer Data (i) pursuant to a
request by any governmental or regulatory agency or individual body having authority or jurisdiction over TDA, TDAC, TDATC or the Depository Institutions, as the case may be, pursuant to a request or order under applicable laws or regulations, and
(ii) to regulatory examiners, their Affiliates, auditors, and counsel in connection with the transactions contemplated hereby. In the event a subpoena or other legal process concerning Customer Data disclosed by a Depository Institution to TDA,
TDAC or TDATC, or TDA, TDAC or TDATC to the Depository Institution, is served upon TDA, TDAC or TDATC or a Depository Institution, as the case may be, TDA, TDAC or TDATC or such Depository Institution, as the case may be, agrees that it will notify
the other promptly upon receipt of such subpoena or other legal process and will reasonably cooperate with the other in any lawful effort by the other to contest the legal validity of such subpoena or other legal process. 

32. Litigation. 
 (a) TDA, TDAC and TDATC, as applicable, will promptly advise the Depository Institution of any legal or administrative action of which TDA, TDAC or TDATC, as applicable, obtain knowledge by any state or
federal court, agency or authority taken or threatened to be taken that would preclude, limit or otherwise restrict the offering of the Money Market Deposit Accounts as contemplated by this Agreement. 

(b) Each Depository Institution will promptly advise the Ameritrade Companies of any legal or administrative action of which the
Depository Institution obtains knowledge by any state or federal court, agency or authority, taken or threatened to be taken that would preclude or limit or otherwise restrict the offering of the Money Market Deposit Accounts as contemplated by this
Agreement. 
 33. No Recourse to TDA, TDAC or TDATC. It is understood and agreed that none of TDA TDAC or TDATC is
a guarantor of, and shall in no way be liable to perform, the obligations of the Depository Institutions under the Master Accounts. 

  
 35 

 34. Business Continuity Plan. Each of the Depository Institutions and the
Ameritrade Companies warrants that it has and will maintain throughout the term of this Agreement a written business continuity plan (“BCP”) to enable it to recover and resume the services provided by it to the other party or parties under
this Agreement within one Business Day in the event of any disruptive event. Each of the Depository Institutions and the Ameritrade Companies further represents and warrants that it has tested its BCP and will continue to conduct sufficient ongoing
verification testing for the recovery and resumption of services provided to the other party or parties under this Agreement and will update its BCP at least annually. Each party will notify the other party or parties within 30 days of any material
alterations to its BCP that would impair its ability to recover and resume any interrupted services it provides to the other party or parties. Upon request by the other party or parties, each party will provide to the other party or parties a
description of its BCP procedures as they relate to the recovery and resumption of the services provided to the other party or parties accompanied by a written certification that the BCP has undergone review and testing to account for any changes to
such services. Each party will promptly notify the other party or parties of any actual, threatened, or anticipated event that does or may disrupt or impact the services provided by it to the other party or parties pursuant to this Agreement and
will cooperate fully with the other party or parties to minimize any such disruption and promptly restore and recover the services. 
 35. Amendments. The terms of this Agreement cannot be modified, supplemented or rescinded by a party to this Agreement except in writing signed by each party to be bound by such
modification, supplement or rescission. 
 36. Benefit of the Parties. This Agreement is entered into for the sole
and exclusive benefit of the parties hereto. Nothing in this Agreement shall be construed to grant any person other than the parties hereto, and their respective successors and permitted assigns, any right, remedy or claim under or with respect to
this Agreement or any provision hereof. 
 37. No Agency. Each party represents and warrants that it is an
independent contractor with no authority to contract for the other party or in any way to bind or to commit the other party to any agreement of any kind or to assume any liabilities of any nature in the name or on behalf of the other party. Under no
circumstances will either party, or any of its employees, hold itself out as or be considered an agent, employee, partner or joint venturer of the other party. 
 38. No Waiver. The failure of any party to require performance by another party of any provision of this Agreement shall in no way affect the full right to require such performance at any
time thereafter. All rights or remedies of a party specified in this Agreement and all other rights or remedies that either party may have at law, in equity or otherwise shall be distinct, separate and cumulative rights or remedies, and no one of
them, whether exercised by the party seeking enforcement or not, shall be deemed to be in exclusion of any other right or remedy of such party. 

  
 36 

 39. Amendment and Restatement of Prior Agreements. Each of TD Bank USA, TD
Bank, TDA, TDAC, TDATC and TD Parent hereby agree that this Agreement amends, restates and supersedes the Amended and Restated Money Market Deposit Account Agreement, dated as of August 2, 2006, and the Insured Deposit Account Agreement, dated
as of December 19, 2009, both of which are superseded and of no further force or effect. 
 40. Authorized
Representative of Ameritrade Companies. Whenever any provision of this Agreement requires the Depository Institutions or TD Parent to give any notice or instructions to or receive notice or instructions from the Ameritrade Companies, the
Depository Institutions and TD Parent may give such notice or instructions or rely on such notice or instructions from TDA, acting on behalf of the Ameritrade Companies, unless otherwise instructed by TDA, TDAC or TDATC in writing. 

[Remainder of page intentionally left blank] 

  
 37 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
duly authorized officers effective as of the date first above written. 
  

			
	TD BANK USA, NATIONAL ASSOCIATION
		
	By:	 	/s/ Steve Boyle
	Name:	 	Steve Boyle
	Title:	 	Chief Financial Officer

  

			
	TD BANK, NATIONAL ASSOCIATION
		
	By:	 	/s/ Steve Boyle
	Name:	 	Steve Boyle
	Title:	 	Chief Financial Officer

  

			
	TD AMERITRADE, INC.
		
	By:	 	/s/ William J. Gerber
	Name:	 	William J. Gerber
	Title:	 	Chief Financial Officer

  

			
	TD AMERITRADE CLEARING, INC.
		
	By:	 	/s/ William J. Gerber
	Name:	 	William J. Gerber
	Title:	 	Chief Financial Officer

  

			
	TD AMERITRADE TRUST COMPANY
		
	By:	 	/s/ William J. Gerber
	Name:	 	William J. Gerber
	Title:	 	Chairman

  

			
	THE TORONTO-DOMINION BANK (solely with respect to Sections 7(b), 14 and 15(c))
		
	By:	 	/s/ Riaz Ahmed
	Name:	 	Riaz Ahmed
	Title:	 	Group Head, Corporate Development, Enterprise Strategy and Treasury

 Exhibit A 
 The yield used to calculate the amount to be paid to TDA, TDAC and TDATC in accordance with Section 5 of the Agreement shall be computed as follows: 

The yield accrued on the outstanding balances of Notional Investments (Note 1) during the calendar month preceding the calculation date; plus 

The Daily Float Crediting Rate multiplied by the ending daily balance of Float Rate Assets (Note 2) during the calendar month preceding the calculation
date, plus 
 The monthly equivalent yield earned on CRA Assets (Note 3) multiplied by the average monthly balance of (a) TD Bank
USA’s CRA Assets and (b) the pro rata portion of TD Bank’s CRA Assets corresponding to those Master Accounts maintained at TD Bank, in each case for the month preceding the calculation date. In the event the parties agree to
change the order of utilization of the Depository Institutions for the Master Accounts, the Ameritrade Companies’ obligation for CRA Assets shall remain based on the pro rata portion of each Depository Institution’s CRA Assets
corresponding to those Master Accounts maintained at the Depository Institution. 
 Note 1. From time to time, in accordance with
Section 5 of the Agreement, Notional Investments may be added to the Notional Investment portfolio. The yield on each Notional Investment will be equal to the rate that would be earned in the fixed leg of a USD receive fixed swap transaction
with identical balance and maturity to the new Notional Investment, including adjustments or concessions that would be required to adjust the pay float leg of such swap to a one month reset frequency and the overall swap payment frequency to
monthly, in each case, based on such rate displayed on the applicable Bloomberg screen (the “Yield”) at the time that a written confirmation is sent by the Depository Institutions to TDA pursuant to Section 5(c) (or, in the case of
any portion of a Permitted Notional Investment for which yields have not been determined and credited by the close of business on the tenth Business Day after the Depository Institutions have received the related notice of designation, the Yield
shall be such rate displayed on the applicable Bloomberg screen at the close of business on such tenth Business Day). 
 In the event the
following two conditions are met: (1) the US Federal Funds Effective Rate is established at 0.75% or greater, and (2) the rate on 5 year U.S. dollar interest rate swaps is equal to or greater than 1.50% for 20 consecutive business days,
then the Notional Investment crediting rate or calculated yield derived above and payable to TD Ameritrade on New Notional Investments if the crediting rate is greater than or equal to 1.50%, regardless of tenor, will be adjusted by an amount as
follows: 
 Notional Investment yield adjustment = (5 Year US Swap Rate – 1.50%) * 20% 

Notwithstanding the results of this calculation, the yield adjustment may not exceed 0.10% (10 basis points). 

This yield adjustment will be retroactive to the first day the rate on 5 year U.S. dollar interest rate swaps is equal to or greater than 1.50%, and
applied to any Notional Investment implemented in the period during which the two conditions are met. 

 Note 2. Float Rate Assets allocable to Master Account funds will be equal to daily Master Account
balance for the month less monthly average balance of CRA Assets and daily Notional Investment balance. The Daily Float Crediting Rate will be equal to the greater of (i) the Interest Rate Paid on Excess Reserve Balances and (ii) the
Federal Funds Rate. 
 For purposes of this Exhibit A, “Interest Rate Paid on Excess Reserve Balances” means the interest rate
paid by the Federal Reserve Banks on balances held in excess of required reserve balances and contractual clearing balances under Regulation D, as published on the applicable Federal Reserve website page
(www.federalreserve.gov/monetarypolicy/reqresbalances.htm), as updated from time to time generally on the last Wednesday of the reserve maintenance period at 4:30 p.m. (New York City time), or any successor page. 

For purposes of this Exhibit A, “Federal Funds Rate” means the rate per annum (rounded upwards, if necessary, to the next higher
1/100th of 1%) representing the daily effective federal funds rate, as published in Federal Reserve Statistical Release H.15 (http://www.federalreserve.gov/releases/h15/data.htm) or any successor or substitute publication selected by the Depository
Institutions. If, for any reason, such rate is unavailable, then “Federal Funds Rate” shall mean a daily rate that is determined, in the opinion of the Depository Institutions, to be the rate at which federal funds are being offered for
sale in the national federal funds market at 9:00 a.m. (New York City time). 
 Note 3. CRA Assets are those loans and other assets
acquired in order to comply with the Community Reinvestment Act of 1977, as amended (12 U.S.C. Section 2901 et seq.), and identified on the records of and tracked by the Depository Institutions. 

  
 A-2

 Exhibit B 

For purposes of Section 5(a) of the Agreement, the Service Fee referred to in the second paragraph thereof, as it relates to deposits
of less than or equal to $20 billion in the Master Accounts kept in float or invested in Notional Investments with a maturity of up to 24 months, shall be calculated as follows: 

Service Fee for float investments = the sum of the Daily Float Crediting Rate (as defined in Note 2 of Exhibit A) less FDIC Insurance
assessments paid (in basis points) divided by two. 
 Service Fee for fixed rate investments up to 24 months as
referenced above = the sum of the Notional Investment crediting rate (as defined in Note 1 of Exhibit A) less FDIC Insurance assessments paid (in basis points) divided by two. 

The Service Fee shall have a floor of 3 basis points, unless modified as provided below, and a maximum of 25 basis points. 

The 3 basis point factor referred to above shall be adjusted from time to time to reflect material changes to the Depository
Institutions’ demonstrated Tier 1 leverage costs. The parties agree to negotiate in good faith, not less than once each calendar year, the terms of any such adjustment. 
 [CONFIDENTIAL TREATMENT REQUESTED] 

  
 A-3

 Exhibit C 

Tax-Exempt Municipal Bond Tax Benefit Calculation 
 The parties agree to share the tax benefit generated by the Tax-Exempt Municipal Bond portfolio in accordance with the following calculation:* 

 

	1.	Divide the Book Value of Tax-Exempt Municipal Bonds by Total Balance Sheet Assets. 

 

	2.	Multiply the quotient obtained in (1) above by Total Income Statement Interest Expense to equal interest allocated. 

 

	3.	Subtract from the amount calculated in (2) above the interest allocated from total Tax-Exempt Municipal Bond Interest Income. The result equals the Net Schedule M1
adjustment. 

  

	4.	Multiply the Net Schedule M1 adjustment by the Federal Tax Provision Rate. The product equals the full bank legal entity benefit. 

 

	5.	Multiply the full legal bank entity tax benefit by 50%. The product equals the amount of the tax benefit to be added to the Marketing Fee. 

Definitions: 
 “Book Value of
Tax-Exempt Municipal Bonds” 
 Par value net of outstanding premiums and discounts 

“Total Balance Sheet Assets” 
 Total U.S. GAAP Assets of TD Bank USA or TD Bank, as appropriate 
 “Total Interest
Expense” 
 Total U.S. GAAP interest expense of TD Bank USA or TD Bank, as appropriate 

“Total Tax-Exempt Municipal Bond Interest Income” 
 Total U.S. GAAP accrued interest net of amortized premiums and accreted discounts 
 “Federal
Tax Provision Rate” 
 As calculated by external tax preparer 

 

	*	Although the CRA Assets are not currently invested in municipal securities deemed to be “bank qualified” as defined under the Internal Revenue Code, in the
event that any of the municipal securities comprising the CRA Assets are determined to be “bank qualified,” the parties shall modify the formula to reflect the appropriate tax treatment of such “bank qualified” municipal
securities. 

 Exhibit D 

Economic Replacement Value Calculation 
 Section 5(c) of the Agreement provides that in the event funds underlying a particular Notional Investment are withdrawn prior to the maturity of the investment, TDA, TDAC and TDATC, as appropriate,
shall reimburse the Depository Institutions in an amount equal to the Economic Replacement Value, if positive, on the principal amount withdrawn to the applicable Depository Institution. Economic Replacement Value may also be calculated for purposes
of Sections 6(d) and 18(h)(ii). The parties agree that the following is an example of how Economic Replacement Value shall be calculated: 
 The below calculator shows on January 14, 2009, entering a 4-year received fixed swap with a notional of USD$100 million. The swap starts on January 14, 2009 and matures on January 14,
2013. The payment frequency is monthly. The at-the-market swap (fixed) rate is 1.64744% (which can be seen at bottom right corner “Par Cpn”). Another way of telling it is an at-the-money swap is its “Market Value” is close to
zero. The fixed rate is determined by the “bid” side of the swap curve and the float side is discounted based on the “ask” side of the swap curve. The calculator has taken the 1-month/3-month basis into account. 

 
 

 
 The next screen shows the swap on March 27, 2009 to be settled on March 31 (two Business Day
settlement): 

  
 

 
 In this example, the Economic Replacement Value would be a loss of $338,431.78 (which can be seen at
the bottom “Market Value.” This is done by taking the “ask” side of the swap curve on March 27, 2009 (middle part of the screen, the row that says “Valuation”) and the “bid” side for the float leg. The
negative marked-to-market is due to the fact that rates have risen, the yield to maturity has risen to 1.75469% (bottom right “Par Cpn”). 
 This is for illustration purposes taking the end-of-day yield curves on those two dates. The Bloomberg calculator is flexible to put in any yield curve. 

  
 C-2

 Exhibit E 

Methodology for Calculating Applicable FDIC Deposit Insurance Premium Assessments 

To determine the total base assessment for the Depository Institutions, divide the FDIC deposit insurance premium assessments for the Depository
Institutions by the total deposits of the Depository Institutions and multiply by total sweep deposits of the Depository Institutions (the “Base Assessment”). 
 The Base Assessment shall be recalculated by [CONFIDENTIAL TREATMENT REQUESTED] 
 The FDIC
assessment is invoiced quarterly in arrears. TD Bank will apply the most recent assessment received in the monthly fee statement and reconcile assessment received in the monthly fee statement and reconcile quarterly upon receipt of the actual
invoice from the FDIC according to the following: 
  

																									
	 	  	Fee Statement Month
	  	Jan.	  	Feb.	  	Mar.	  	Apr.	  	May	  	Jun.	  	Jul.	  	Aug.	  	Sept.	  	Oct.	  	Nov.	  	Dec.
	 FDIC Assessment Applied
	  	Sep.	  	Sep.	  	Sep.	  	Dec.	  	Dec.	  	Dec.	  	Mar.	  	Mar.	  	Mar.	  	Jun.	  	Jun.	  	Jun.
	 Quarterly Reconciliation
	  	Sep.
invoice	  		  		  	Dec.
invoice	  		  		  	Mar.
invoice	  		  		  	Jun.
invoice

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