Document:

Exhibit 10.1

 

 

GLOBAL
CUSTODY AGREEMENT

For Foreign
and Domestic Securities

 

This Custodian Agreement (“Agreement”) is
made as of March 11, 2011 by and between Harris
& Harris Group,
Inc. (“Principal”) and Union Bank, N.A. (“Custodian”).

 

WHEREAS,
the Custodian is a bank meeting the qualifications required by Section 17(f)(1) of the Act to act as custodian of the
portfolio securities and other assets of investment companies; and

WHEREAS,
Principal wishes to retain the Custodian to act as custodian of its portfolio securities and other assets in compliance
with Section 17(f) of the Act (as defined below), and the Custodian has indicated its willingness to so act;

 

NOW,
THEREFORE, in consideration of the promises and mutual covenants herein contained, and intending to be legally bound
hereby, the parties hereto agree as follows:

 

1.        DEFINITIONS.
Certain terms used in this Agreement are defined as follows:

 

1.1 “Account”
means, collectively, each account maintained by Custodian on behalf of Principal pursuant to Paragraph 4 of this Agreement.

 

1.2 “Act”
means the Investment Company Act of 1940, as amended, and the rules and regulations adopted by the U.S. Securities and Exchange
Commission (“SEC”) thereunder, including §270.17f-4, §270.17f-5 and §270.17f-7, all as may be amended
from time to time.

 

1.3 “Board”
means the Board of Trustees or the Board of Directors of Principal.

 

1.4 “Depository”
means both any “securities depository” within the meaning of §270.17f-4 of the Act and any Eligible Securities
Depository

 

1.5 
“Eligible Foreign Custodian” means an entity that is incorporated or organized under the laws of a country
other than the United States and that is a Qualified Foreign Bank, as defined in §270.17f-5(a)(5) of the Act.

 

1.6 
“Eligible Securities Depository”, (“Depository”, or collectively "Depositories”) means
a system for the central handling of securities as defined in §270.17f-7(b)(1) of the Act.

 

1.7 
“Emerging Market” means each market so identified in Appendix A attached hereto.

 

1.8 
“Foreign Account” means an Account in which Foreign Currencies or Securities are held by the Custodian for the
benefit of clients whether in comingled accounts or accounts designated for each beneficiary owner as is required under the
regulatory jurisdiction where the Foreign Account is established.

 

1.9 “Foreign
Assets” has the meaning provided in §270.17f-5(a)(2) of the Act.

 

1.10 “Foreign
Currency” (“Currencies”) means any currency or any composite currency unit issued by a government
or entity other than the United States Department of Treasury.

 

1.11 “Foreign
Market” means each market so identified in Appendix A attached hereto.

 

1.12 “Global
Sub-Agent Network” (“Sub-Agent Network” or “Sub-Agents”) means the countries and markets
where Eligible Foreign Sub-Custodians and Eligible Foreign Depositories are maintained by Custodian.

 

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1.13 
“Governing Documents” means, with respect to each of the portfolios, (i) the declaration of trust or other
constituting document of the Principal of which the portfolio is a series or portfolio, (ii) the currently effective
prospectus under the Securities Act, (iii) the most recent statement of additional information, and (iv) a certified copy of
the Board approving the engagement of the Custodian to act as custodian of the Securities.

 

1.14 “Monitoring
System” means the policies and procedures established by Custodian to fulfill its duties to monitor the custody
risks associated with maintaining Securities with a Sub-Custodian or Depository on a continuing basis, pursuant to this Agreement.

 

1.15 “Securities” means securities as defined in §2(a)(36) of the Act together with cash or any currency or
other property of Principal and all income and proceeds of sale of such securities or other property of Principal that are
held by Custodian in the Account.

 

1.16 “Securities
Act” means the Securities Act of 1933, as amended.

 

1.17 “Sub-Custodian”
means an entity, including an Eligible Foreign Custodian, that Custodian retains to hold Securities.

 

2.     APPOINTMENT

 

2.1 Principal hereby appoints the Custodian
as the custodian of the Securities of each of its Portfolios.

 

2.2 Principal has provided the Custodian
with a copy of its Governing Documents, and will provide the Custodian with a copy of amendments, supplements and modifications
thereof from time to time.

 

2.3 The Custodian hereby accepts appointment
as custodian of the Securities of Principal and agrees to perform the duties of such custodian in accordance with the provisions
of this Agreement.

 

3.     REPRESENTATIONS
AND ACKNOWLEDGEMENTS

 

3.1 Power
to Enter Agreement. Principal represents that, with respect to the Account, Principal is authorized to enter into this
Agreement and to retain Custodian on the terms and conditions and for the purposes described herein.

 

3.2 Foreign
Custody Manager. The custodian agrees to serve as Principal’s “Foreign Custody Manager” as defined
in Rule §270.17f-5(a)(3) of the Act, in respect of Principal’s Foreign Assets held from time to time by the Custodian
with any Sub-Custodian that is an Eligible Foreign Custodian or with any Eligible Securities Depository.

 

3.3 Custodian’s
Sub-Agent Network. Principal hereby acknowledges receiving appropriate notice of Custodian’s selection of the use of
those Eligible Foreign Custodians and Eligible Securities Depositories that are identified in Appendix A of this Agreement.

 

4.     ESTABLISHMENT
OF ACCOUNT.

 

4.1 Custodian shall open and maintain a
separate Account or Accounts in the name of Principal and shall hold in such Account or Accounts, subject to the provisions hereof,
all Securities and non-cash property received by it from or for the Account of the Principal. Custodian, in its sole discretion,
may reasonably refuse to accept any property now or hereafter delivered to it for inclusion in the Account. Principal shall be
notified promptly of such refusal and any such property shall be immediately returned to Principal. Custodian shall be under no
duty to take any action hereunder on behalf of the Principal except as specifically set forth herein or as may be specifically
agreed to by Custodian and the Principal in a written amendment hereto.

 

4.2 Subject at all times to the instruction
of Principal pursuant to the terms of this Agreement, the Custodian shall have no power or authority to assign, hypothecate, pledge
or otherwise dispose of any such Securities and investments except pursuant to the direction of Principal under terms of the Agreement.

 

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5.      CUSTODY
AND REGISTRATION.

 

Custodian may (i)
maintain possession of all or any portion of the Securities, including possession in a foreign branch or other office of Custodian;
or (ii)
retain, in accordance with this Paragraph 5 and Paragraph 6 of this Agreement, one or more Sub-Custodians to hold all or any portion
of the Securities. Custodian and any Sub-Custodian may, in accordance with this Paragraph 5 and Paragraph 6 of this Agreement,
deposit definitive or book-entry Securities with one or more Depositories.

 

5.1 Identification
of Securities. Custodian shall ensure the Securities are at all times properly identified as being held for the appropriate
Account. Custodian shall segregate physically the Securities and non-cash property from other securities owned by Custodian. Custodian
shall not be required to segregate physically Securities held from other securities or property held by Custodian for third parties
as custodian or other representative capacity, but Custodian shall maintain adequate records showing the true ownership of the
Securities.

 

5.2 Use
of Depositories and Sub-Custodians. Custodian may, in its discretion, deposit any Securities which, under applicable
law, are eligible to be so deposited in a Depository or Sub-Custodian account. Securities and Foreign Currencies held by a Sub-Custodian
or Depository will be held subject to the rules, terms and conditions of such securities markets or securities depositories. If
Custodian deposits Securities with a Sub-Custodian or Depository, Custodian shall maintain adequate records showing the identity
and location of the Sub-Custodian or Depository, the Securities held by the Sub-Custodian or Depository and each account to which
such Securities belong. With respect to Securities that are held for Custodian or any Sub-Custodian at a Depository, as defined
in of §270.17f-4 of the Act, Custodian shall satisfy or cause the Sub-Custodian to satisfy the requirements of §270.17f-4
of the Act.

 

5.3 Use
of Nominees. Custodian shall have the right to hold or cause to be held all Securities in the name of the Custodian,
or for any Sub-Custodian or Depository, or in the name of a nominee of any of them as Custodian shall determine to be appropriate
under the circumstances.

 

5.4 Foreign
Currency Deposits. The Custodian may in accordance with customary practices hold any currency in which any cash is denominated
on deposit, and effect transaction relating thereto, through an account with an affiliate of Union Bank, or Sub-Custodian or Depository
in the country where such currency is the lawful currency or in other countries where such currency may be lawfully held on deposit.

 

5.5 Transferability
and Convertibility of Currency. Custodian shall have no liability for any loss or damage arising from the applicability
of any law or regulation now or hereafter in effect, or from the occurrence of any event, which may affect the transferability,
convertibility, or availability of any currency in the countries where such Foreign Accounts are maintained and in no event shall
Custodian be obligated to substitute another currency for a currency whose transferability, convertibility, or availability has
been affected by such law, regulation or event. To the extent that any such law, regulation or event imposes a cost or charge upon
Custodian in relation to the transferability, convertibility, or availability of any such currency, such cost or charge shall be
for the Account.

 

5.6 Delivery
of Securities. If Principal directs Custodian to deliver assets, certificates or other physical evidence of ownership
of Securities to any broker or other party, other than a Sub-Custodian or Depository employed by Custodian for purposes of maintaining
the Account, Custodian’s sole responsibility shall be to exercise care and diligence in effecting the delivery as instructed by
Principal. Upon completion of the delivery, Custodian shall be discharged completely of any further liability or responsibility
with respect to the safekeeping and custody of Securities so delivered.

 

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5.7 Transferability
of Securities. Except as otherwise provided under this Agreement or as the parties may otherwise agree, Custodian shall
ensure that (i) the Securities will not be subject to any right, charge, security interest, lien, or claim of any kind in favor
of Custodian or any Sub-Custodian or any person claiming through any of them except for as discussed in Section 9.2, and in the
case of cash deposits at an Eligible Foreign Custodian, liens or rights in favor of the creditors of the Eligible Foreign Custodian
arising under bankruptcy, insolvency, or similar laws, and (ii) the beneficial ownership of the Securities will be freely transferable
without the payment of money or value other than for safe custody or administration.

 

5.8 Access
to Account Records. Principal or its designee, shall have access, upon reasonable prior notice to Custodian, during
regular business hours to the books and records relating to the Accounts, or shall be given confirmation of the contents of the
books and records, maintained by Custodian or any Sub-Custodian holding Securities hereunder to verify the accuracy of such books
and records. Custodian shall notify Principal promptly of any applicable law or regulation in any country where Securities are
held that would restrict such access or confirmation.

 

6.      SELECTION
AND MONITORING OF GLOBAL SUB-AGENT NETWORK.

 

Upon written notice to Principal, as provided in Subparagraph
6.4 of this Agreement, Custodian may from time to time select one or more Eligible Foreign Custodians and, subject to the provisions
of Subparagraph 6.7, one or more Eligible Securities Depositories, to hold Securities hereunder.

 

6.1 Governing
Sub-Agent Agreement. Any relationship Custodian establishes with an Eligible Foreign Custodian with respect to Securities
shall be governed by a written contract providing for the reasonable care of Securities based on the standards specified in section
§270.17(f)-5(c)(1) of the Act, and including the provisions set forth in sections §270.17(f)-5(c)(2)(i)(A) through (F)
of the Act, or provisions which Custodian determines provide the same or greater protection of Principal’s Securities.

 

6.2 Sub-Agent
Network Selection.

 

6.2.1 Foreign
Sub-Custodian. In selecting an Eligible Foreign Custodian, Custodian shall exercise reasonable care, prudence and diligence
and shall consider whether the Securities will be subject to reasonable care, based on the standards applicable to custodians in
the relevant market, including (i)
the Eligible Foreign Custodian’s practices, procedures, and internal controls, including, but not limited to, the physical protections
available for certificated securities (if applicable), the method of keeping custodial records, and the security and data protection
practices; (ii)
the Eligible Foreign Custodian’s financial strength, general reputation and standing in the country in which it is located, its
ability to provide efficiently the custodial services required, and the relative cost of such services; and, (iii)
whether the Eligible Foreign Custodian has branch offices in the United States, or consents to service of process in the United
States, in order to facilitate jurisdiction over and enforcement of judgments against it.

 

6.2.2 Securities
Depository. In selecting an Eligible Securities Depository, Custodian shall exercise reasonable care, prudence, and
diligence in evaluating the custody risks associated with maintaining Securities with the Eligible Securities Depository under
Custodian’s custody arrangements with any relevant Eligible Foreign Custodian and the Eligible Securities Depository.

 

6.3 Notices
to Principal. Custodian shall give 30 days’ written notice to Principal of its intention to deposit Securities
with an Eligible Foreign Custodian or, directly or through an Eligible Foreign Sub-Custodian, with an Eligible Securities Depository.
The notice shall identify the proposed Eligible Foreign Custodian or Eligible Securities Depository and shall include reasonably
available information relied on by Custodian in making the selection.

 

6.4 Monitoring
of Sub-Agent Network. Custodian shall monitor under its Monitoring System the appropriateness of the continued custody
or maintenance of Principal’s Securities with each Eligible Foreign Custodian or Eligible Securities Depository.

 

6.4.1 Custodian shall evaluate and determine
at least annually the continued eligibility of each Eligible Foreign Custodian and Eligible Securities Depository approved by Principal
to act as such hereunder. In discharging this responsibility, Custodian shall (i)
monitor on a continuing basis the day to day services and reports provided by each Eligible Foreign Custodian or Eligible Securities
Depository; (ii)
at least annually, obtain and review the annual financial report published by each Eligible Foreign Custodian, and to the extent
such reports are publicly available, each Eligible Securities Depository, and other reports on each Eligible Foreign Custodian
or Eligible Securities Depository which Custodian may obtain from a reputable independent analyst; and, (iii)
periodically as deemed appropriate, physically inspect the operations of each Eligible Foreign Custodian or Eligible Securities
Depository.

 

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6.4.2 Custodian shall provide to the Board
annually and at such other times as the Board may reasonably request based on the circumstances of the Principal’s foreign
custody arrangements, written reports notifying the Board of the placement of Securities of the Principal with a particular foreign
Eligible Foreign Custodian within a Foreign Market or an Emerging Market and of any material change in the arrangements (including
any material changes in any contracts governing such arrangements or any material changes in the established practices or procedures
of Depositories) with respect to Securities of the Principal held by the Eligible Foreign Custodian.

 

6.4.3 If Custodian determines that (i)
any Eligible Foreign Custodian or Eligible Securities Depository no longer satisfies the applicable requirements described in Subparagraph
1.5 of this Agreement (in the case of an Eligible Foreign Custodian) or Subparagraph 1.6 of this Agreement (in the case of an Eligible
Securities Depository); or, (ii)
any Eligible Foreign Custodian or Eligible Securities Depository is otherwise no longer capable or qualified to perform the functions
contemplated herein; or (iii)
any change in a contract with a Eligible Foreign Custodian or any change in established Eligible Securities Depository or market
practices or procedures shall cause a custody arrangement to no longer meet the requirements of the Act, Custodian shall promptly
give written notice thereof to Principal. The notice shall, in addition, either indicate Custodian’s intention to transfer
Securities held by the removed Eligible Foreign Custodian or Eligible Securities Depository to another Eligible Foreign Custodian
or Eligible Securities Depository previously identified to Principal, or include a notice pursuant to Subparagraph 6.4 of this
Agreement of Custodian’s intention to deposit Securities with a new Eligible Foreign Custodian or Eligible Securities Depository,
in either instance such transfer of Securities to be effected as soon as reasonably practical.

 

6.5 Compulsory
Depositories. Notwithstanding the foregoing sub-sections of this Paragraph 6, Custodian shall have no responsibility
for the selection or monitoring of any Eligible Securities Depository or Eligible Securities Depository’s agent (“Compulsory
Depository”) (i)
the use of which is mandated by law or regulation; (ii)
because securities cannot be withdrawn from the depository; or (iii)
because maintaining securities outside the securities depository is not consistent with prevailing market practices
in the relevant market; provided however, that Custodian shall notify Principal if Principal has directed a trade in a market
containing a Compulsory Depository, so Principal and Advisor shall have an opportunity to determine the appropriateness of investing
in such market.

 

6.6 Assessment
of Custody Risk. Principal and Custodian agree that, for purposes of this Paragraph 6, Custodian’s determination
of appropriateness shall only include custody risk, and shall not include any evaluation of  “country
risk” or systemic risk associated with the investment or holding of assets in a particular country or market,
including, but not limited to (i)
the use of Compulsory Depositories, (ii)
the country’s or market’s financial infrastructure, (iii)
the country’s or market’s prevailing custody and settlement practices, (iv)
risk of nationalization, expropriation or other governmental actions, (v)
regulation of the banking or securities industries, (vi)
currency controls, restrictions, devaluation or fluctuation, and (vii)
country or market conditions which may affect the orderly execution of securities transactions or affect the value of the
transactions. Principal and Custodian further agree that the evaluation of any such country and systemic risks shall be
solely the responsibility of Principal.

 

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7.
     TRANSACTIONS

 

7.1 Instructions
and Immediately Available Funds. Principal is responsible for ensuring that Custodian receives timely instructions
and sufficient immediately available funds for all transactions by such time and date as conditions in the relevant market dictate.
As used herein, "sufficient immediately available funds" shall mean either (a) sufficient cash denominated in the currency
of Principal’s home jurisdiction to purchase the necessary foreign currency, or (b) sufficient applicable foreign currency,
to settle the transaction. If Custodian does not receive such timely instructions and/or immediately available funds, Custodian
shall have no liability of any kind to any person, including Principal, for failing to effect settlement. However, Custodian shall
use reasonable efforts to effect settlement as soon as possible after receipt of appropriate instructions.

 

7.2.1 Customary
or Established Settlement Practices. Principal acknowledges settlement of and payment for Securities received for and
delivered from the Account may be made in accordance with the customary or established securities trading and securities processing
practices in the market in which the transaction occurs. Principal understands that when Custodian is instructed to deliver Foreign
Securities or Foreign Currencies against payment, delivery of such Foreign Securities and Foreign Currencies and receipt of payment
therefore may not be completed simultaneously. Principal assumes full responsibility for all credit risks involved in connection
with Custodian’s delivery of Foreign Securities or Foreign Currencies pursuant to instructions of Principal.

 

7.2.2 Additions
to and Withdrawals from Account. Custodian shall make all additions and withdrawals of Securities to and from this
Account only upon receipt of and pursuant to written instructions from Principal.

 

7.3 Purchases
or Sales. Principal from time to time may instruct Custodian regarding the purchase or sale of Securities in accordance
with this paragraph 7.3.

 

7.3.1 Purchases.
Custodian shall settle purchases by charging the Account with the amount necessary to make the purchase and effecting payment to
the seller or broker for the Securities. Custodian shall have no liability of any kind to any person, including Principal, if Custodian
effects payment on behalf of the Account, and the settler or broker specified by Principal fails to deliver the Securities purchased.
Custodian shall exercise such ordinary care and diligence as would be employed by a reasonably prudent custodian in examining and
verifying the certificates or other indicia of ownership of the Securities purchased before accepting them, except with respect
to assets described in Paragraph 7.4.

 

7.3.2 Sales.
Custodian shall settle sales by delivering certificates or other indicia of ownership of the Securities, and as instructed, shall
receive cash for such sales. Custodian shall have no liability of any kind to any person, including Principal, if Custodian exercises
due diligence and delivers such certificates or indicia of ownership and the purchaser or broker fails to effect payment.

 

7.4 Depository
Settlement. If a purchase or sale is settled through a Sub-Custodian or Depository, Custodian shall exercise such ordinary
care and diligence as would be employed by a reasonably prudent custodian in verifying proper consummation of the transaction by
the Sub-Custodian or Depository.

 

7.5 Income
and Principal. Custodian or its designated Sub-Agents are authorized, as Principal’s agent, to surrender against
payment maturing obligations and obligations called for redemption, and to collect and receive payments of interest and principal,
dividends, warrants, and other things of value in connection with Securities. Absent written instructions from Principal, funds
will remain in the currency of collection upon receipt of payment.

 

7.6 Foreign
Currency Transactions. At the direction of Principal, Custodian shall convert currency in the Account to other currencies
through customary channels including, without limitation, Custodian or any of its affiliates, as shall be necessary to effect any
transaction directed by Principal.

 

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7.7 Taxes.
Custodian shall pay or cause to be paid from the Account upon receipt of instructions from Principal all taxes and levies in the
nature of taxes imposed on the Account or the Foreign Securities thereof by any country. Custodian will use reasonable efforts
to give the Principal advance notice of the imposition of such taxes. The Custodian shall have no responsibility or liability for
any obligations now or hereafter imposed on the Principal or the Custodian as custodian of the Principal by the tax law of the
United States or of any state or political subdivision thereof or any foreign jurisdiction. The sole responsibilities of the Custodian
with regard to such tax law shall be to use reasonable efforts to effect the withholding of local taxes and related charges with
regard to market entitlement/payment in accordance with local law and subject to local market practice or custom and to assist
the Principal with respect to any claim for exemption or refund under the tax law of countries for which such Principal has provided
such information. Except as specifically provided in this Agreement or otherwise agreed to in writing by the Custodian, the Custodian
shall have no independent obligation to determine the tax obligations now or hereafter imposed on the Principal by any taxing authority
or to obtain or provide information relating thereto, and shall have no obligation or liability with respect to such tax obligations.

 

7.8 Foreign
Tax Reclamation. Custodian shall use reasonable efforts to obtain refunds of taxes withheld on Foreign Securities or
the income thereof that are available under applicable tax laws, treaties and regulations subject to Principal’s provision
of all documentation and certifications as required by U.S. and foreign tax authorities to establish the eligibility of Principal
for tax reclamation under applicable law or treaty. Principal hereby agrees to indemnify and hold harmless Custodian and its agents
in respect to any liability arising from any under withholding or underpayment of any Tax which results from the inaccuracy or
invalidity of any such forms or other documentation, and such obligation to indemnify shall be a continuing obligation of Principal,
its successor and assignees, notwithstanding the termination of this agreement. The Custodian is authorized to disclose any information
required by any such tax or other governmental authority in relation to processing any claim for exemption from or reduction or
refund of any taxes relating to the Principal’s transactions and holdings.

 

7.9 Collection
Obligations. Custodian shall diligently collect income and principal of Securities which the Custodian has received
actual notice in accordance with normal industry practices. However, Custodian shall be under no obligation or duty to take any
action to effect collection of any amount if the Securities upon which such amount is payable are in default, or if payment is
refused after due demand. Custodian shall notify Principal promptly of such default or refusal to pay. Custodian shall have no
duty to file or pursue any bankruptcy or class action claims with respect to Account, unless indemnified by Principal in manner
and amount satisfactory to Custodian.

 

7.10 Capital
Changes. Custodian may, without further instruction from Principal, exchange temporary certificates and may surrender
and exchange Securities for other securities in connection with any reorganization, recapitalization or similar transaction in
which the owner of the Securities is not given an option. Custodian has no responsibility to effect any such exchange unless it
has received notice of the event permitting or requiring such exchange at its processing center in San Francisco or at the office
of Custodian’s designated agents.

 

7.11 Fractional
Interest. Custodian shall receive and retain all stock distributed by a corporation as a dividend, stock split, or otherwise;
however, in connection therewith, if a fractional share is received, Custodian shall sell such fractional shares when such market
facility is available.

 

8.      CREDITS
TO ACCOUNT

 

8.1 Payment.
Custodian may as a matter of bookkeeping convenience or by separate agreement with the Principal, credit the account with the proceeds
from the sale, redemption or other disposition of Securities or interest or dividends or other distributions payable on Securities
prior to its actual receipt of final payment; therefore, all such credits shall be conditional until the Custodian’s actual
receipt of final payment and may be reversed by Custodian to the extent that final payment is not received. Payment with respect
to a transaction will not be final until Custodian receives immediately available funds under which applicable local law, rule
and/or practice, are irreversible and not subject to any security interest, levy or other encumbrance, and which are specifically
applicable to such transaction. Principal acknowledges and agrees that any currency risk associated with such credits will be born
by Principal.

 

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8.2.
Emerging Market Settlement Dates. Notwithstanding the foregoing Paragraph 8.1, Principal understands and agrees that
settlement of Securities transactions is available only on settlement date basis in certain Emerging Markets, which are identified
in Appendix A, as amended from time to time by written notice to Principal.

 

8.2.1 Cash
Deposits. For Emerging Markets with restricted settlement conditions, cash of any currency deposited or delivered to
the Account shall be available for use by Principal only on the business day on which actual receipt of final payment and funds
of good value are available to Sub-Custodian in the Account.

 

8.2.2 Securities.
For Emerging Markets with restricted settlement conditions, Securities deposited or delivered to the Account shall be available
for use by Principal only on the business day on which such Securities are held in the nominee name or are otherwise subject to
the control of, and in a form for good delivery by, the Sub-Custodian.

 

9.      OVERDRAFT
AND INDEBTEDNESS

 

9.1 Advance
Funds. If Custodian advances funds to or for the benefit of Account in connection with the settlement of securities
or currency transactions or other activity in the Account including overdrafts or other indebtedness incurred in connection with
the settlement of securities transactions, maturity or income payments or funds transfers, Principal agrees to reimburse Custodian
on demand the amount of the advance or overdraft and all related fees as established in Custodian’s published fee schedule.
Principal will bear the risk from any currency valuation differences associated with Principal’s reimbursement obligations to Custodian.

 

9.2 Repayment.
If Principal requires the Custodian, its affiliates, subsidiaries or agents, to advance cash or securities for any purpose (including
but not limited to securities settlements, foreign exchange contracts and assumed settlement), or in the event that the Custodian
or its nominee shall incur or be assessed any taxes, charges, expenses, assessments, claims or liabilities in connection with the
performance of this Agreement, except such as may arise from its or its nominee’s own negligent action, negligent failure
to act or willful misconduct, or if Principal fails to compensate the Custodian pursuant to Paragraph 17 hereof, any cash at any
time held for the account of Principal shall be security therefor and should Principal fail to repay the Custodian promptly, the
Custodian shall be entitled to utilize available cash to the extent necessary to obtain reimbursement.

 

10.      CORPORATE
ACTIONS. PROXIES AND LITERATURE

 

10.1 Corporate
Actions. Custodian shall notify Principal of the receipt of notices of redemptions, conversions, exchanges, calls, puts,
subscription rights, and scrip certificates (“Corporate Action(s)”). Custodian need not monitor financial publications
for notices of Corporate Actions and shall not be obligated to take any action unless actual notice has been received by Custodian
at its processing center in San Francisco, California, or at the offices of the Sub-Agent where the security is held in Custodian’s
Foreign Account. Custodian’s sole responsibility in this regard shall be to give such notices to Principal within a reasonable
time after Custodian receives them. Custodian has no responsibility to respond or otherwise act with respect to any such notice
unless and until Custodian has received timely and appropriate instructions from Principal. Principal is responsible for ensuring
required documentation and funds are available to Custodian and its agents as required under the terms of the offer or by legal
jurisdiction in order for Custodian and its agent to take action on behalf of Account.

 

10.2 Proxies.
Neither Custodian nor any nominee of Custodian shall vote any of the securities held hereunder by or for the account of Principal,
except in accordance with the instructions contained in an officers' certificate. Custodian shall promptly deliver, or cause to
be executed and delivered, to Principal all notices, proxies and proxy soliciting materials with relation to such securities, such
proxies to be executed by the beneficial owner of such securities (if registered otherwise than in the name of Principal), but
without indicating the manner in which such proxies are to be voted.

 

Custodian shall transmit promptly to Principal all written
information (including, without limitation, pendency of calls and maturities of securities and expirations of rights in connection
therewith) received by Custodian from issuers of the securities being held for Principal. With respect to tender or exchange offers,
Custodian shall transmit promptly to Principal all written information received by the Custodian from issuers of the securities
whose tender or exchange is sought and from the party (or his agents) making the tender or exchange offer.

 

    	© Union Bank, N.A. (2009-08)	 	8 of 15

     

    

  

Principal acknowledges that proxy services are limited
in foreign markets and Custodian’s sole responsibility with respect to such proxy materials will be to forward the proxy and accompanying
material received by Custodian to Principal. Custodian shall have no duty to translate or retain any material received unless required
to do so by law.

 

10.3 Corporate
Literature. Custodian shall have no duty to forward or to retain any other corporate material received by Custodian
for the Account unless required to do so by law. Custodian shall have no duty to translate or retain any material received from
its Global Sub-Agent Network unless required to do so by law.

 

10.4 Disclosure
to Issuers of Securities. Unless Principal directs Custodian in writing to the contrary, Principal agrees that Custodian
or its Sub-Agents may disclose the name and address of the party with the authority to vote the proxies of the Securities held
in this Account as well as the number of shares held, to any issuer of said Securities or its agents upon the written request of
such issuer or agent in conformity with the provisions of the applicable law. Principal acknowledges that Custodian or its Sub-Agents may be required under jurisdictional law to disclose to issuers beneficial owner information regardless of Principal’s
instructions otherwise.

 

11.      INSTRUCTIONS

 

11.1 Written.
All instructions from Principal with respect to the Accounts must be from an authorized person and shall be in writing, and shall
continue in force until changed by subsequent instructions. For purposes of this Paragraph 11, an authorized
person means any of the persons duly authorized by the Board to give instructions on behalf of the Principal as set
forth in a certificate along with any limitations on such Persons’ scope of authority, such certificate to be executed by
the Secretary or Assistant Secretary of the Principal, as the same may be revised from time to time. Pending receipt of written
authority, Custodian may in its absolute discretion at any time accept oral, faxed, wired and electronically transmitted instructions
from Principal provided Custodian believes in good faith that the instructions are genuine. If oral instructions are received,
Principal shall promptly confirm such instructions in writing or by facsimile or other means permitted hereunder. Principal will
hold Custodian harmless for the failure of Principal to send confirmation in writing, the failure of such confirmation to conform
to the telephone instructions received or Custodian’s failure to produce such confirmation at any subsequent time.

 

11.2 Reliance
on Instructions. Except as otherwise provided herein, all instructions shall be in writing, and shall continue in force
until changed by subsequent instructions.

 

12.      RIGHT
TO RECEIVE ADVICE

 

12.1 Advice
of the Principal. If Custodian is in doubt as to any action it should or should not take under this Agreement, Custodian
may request directions or advice, including oral instructions or written instructions, from the Principal.

 

12.2 Advice
of Counsel. If Custodian shall be in doubt as to any question of law pertaining to any action it should or should not
take, Custodian may request advice from counsel of its own choosing (who may be counsel for the Principal or Custodian, at the
option of Custodian). Principal shall pay the reasonable cost of any counsel retained by Custodian with prior notice to Principal.

 

12.3 Conflicting
Advice. In the event of a conflict between directions or advice or oral instructions or written instructions Custodian
receives from the Principal, and the advice it receives from counsel, Custodian shall be entitled to rely upon and follow the advice
of counsel.

 

12.4 Protection
of Custodian. Custodian shall be indemnified by Principal and without liability for any action Custodian takes or does
not take in reliance upon directions or advice or oral instructions or written instructions Custodian receives from or on behalf
of the Principal, or from counsel and which Custodian believes, in good faith, to be consistent with those directions or advice
or oral instructions or written instructions. Nothing in this paragraph shall be construed so as to impose an obligation upon Custodian
(i) to seek such directions or advice or oral instructions or written instructions, or (ii) to act in accordance with such directions
or advice or oral instructions or written instructions.

 

    	© Union Bank, N.A. (2009-08)	 	9 of 15

     

    

  

13.      ACCOUNTING
AND REPORTING

 

13.1 Cost
and Nominal Value. Principal agrees to furnish Custodian with the income tax cost basis and dates of acquisition of
all Securities held in the Account to be carried on its records. If Principal does not furnish such information, Custodian shall
carry the Securities at any such nominal value it determines, such value to be for bookkeeping purposes only. All statements and
reporting of any matters requiring this information will use this nominal value. Custodian shall have no duty to verify the accuracy
of the cost basis and dates of acquisition furnished by Principal. Securities purchased in the Account shall be carried at cost.

 

13.2 Valuations.
To the extent that Custodian has agreed to provide pricing or other information services, Custodian is authorized to utilize any
vendor (including brokers and dealers of Securities and pricing services embedded in Custodian’s securities processing or
accounting systems) reasonably believed by Custodian to be reliable to provide such information. Principal understands that certain
pricing information with respect to complex financial instruments including, without limitation, derivatives, may be based on calculated
amounts rather than actual market transactions and may not reflect actual market values, and that the variance between such calculated
amounts and actual market values may or may not be material. Where pricing vendors used by Custodian do not provide information
for Securities, Principal or authorized party may advise Custodian regarding the fair market value of, or provide other information
with respect to, such held Securities. If Principal does not provide such information, Custodian shall use the cost or nominal
value for such Securities, solely for administrative convenience. Custodian shall not be liable for any loss, damage or expense
incurred as a result of errors or omissions with respect to any pricing or other information utilized by Custodian hereunder and
shall have no responsibility or duty to ascertain or authenticate the value of pricing applied to any such Security.

 

13.3 Activity
Reports. Custodian shall make available daily to Principal a statement summarizing all transactions and entries for
the account of Principal.

 

13.4 Statements.
Custodian shall provide Principal Account statements and other reports periodically by means of the Custodian’s Online Trust
and Custody Service or as otherwise as agreed to by Principal and Custodian showing all income and principal transactions and cash
positions, and a list of securities. Principal may approve or disapprove any such statement within thirty (30) days of its receipt,
and, if no written objections are received within the thirty (30) day period, such statement of Account shall be deemed approved.

 

14.      USE
OF OTHER BANK SERVICES

 

14.1 HighMark
Mutual Funds

 

Principal may direct Custodian to invest available funds
in the HighMark SM Funds mutual funds advised by an affiliate of Custodian and for which Custodian may also act as custodian
and provide other services for the purpose of cash management. Principal shall designate the particular HighMark Fund that Principal
deems appropriate for the Account. Principal hereby acknowledges that Custodian will receive fees for such services in addition
to those fees charged by Custodian as agent for the Principal’s custody Account.

 

14.2 Other
Fund Investments. Principal may invest in third party mutual funds, for which the Custodian or its affiliates may provide
shareholder, recordkeeping or other services. Principal hereby acknowledges that Custodian or its affiliates may receive fees for
such services in addition to those fees charged by Custodian under this Agreement.

 

    	© Union Bank, N.A. (2009-08)	 	10 of 15

     

    

  

14.3 Foreign
Exchange. The Custodian makes available to Principal its foreign exchange services to convert currencies in conjunctions
with transactions in Principal’s Account. Principal acknowledges that (a) the foreign currency exchange department is a part of
Custodian or one of its affiliates or subsidiaries; (b) the Account is not obligated to effect foreign currency exchange with Custodian;
(c) Custodian will receive benefits for such foreign currency transactions which are in addition to the compensation which Custodian
receives for administering the Account; and (d) Custodian will make available the relevant data so that Principal can determine
that the foreign currency exchange transaction are as favorable to the Account as terms generally available in arm’s length
transaction between unrelated parties. Principal acknowledges that foreign currency transactions will be performed in accordance
with Union Bank’s Foreign Exchange Agreement in the form of Exhibit I hereto and incorporated herein by reference and Principal
hereby agrees and acknowledges the terms and conditions thereof. If Principal elects to give standing instructions to Custodian
to execute foreign currency exchange transactions on their behalf, or in the event a foreign currency exchange transaction is initiated
in the absence of the specific Foreign Exchange Agreement, such transaction will be performed at the Bank’s prevailing rate.
Principal acknowledges that a Foreign Exchange transaction in which Custodian’s foreign exchange services is the counterparty
to Principal are subject to Paragraph 9 of this Agreement.

 

14.4 Interest
Bearing Deposits. Principal may direct that assets of the Account be invested in deposits with Union Bank as a sweep
vehicle or other deposit held in the Custodian’s street name for the benefit of it’s clients. Such deposits are covered
by FDIC insurance up to the designated value in effect for each beneficial owner.

 

14.5 Brokerage
Services. Principal may direct Custodian to utilize for this Account other services or facilities provided by Custodian,
its subsidiaries or affiliates. Such services may include, but are not be limited to (i) the purchase or sale of securities as
principal, or (ii) the placing of orders for the purchase, sale, exchange, investment or reinvestment of securities through any
affiliated brokerage service, or (iii) the placing of orders for the purchase or sale of units of any investment company that Custodian,
UnionBanCal Corporation, or their subsidiaries or affiliates, manage, advise act as custodian or provide other services.

 

14.6 Credit
Facilities. The Custodian may in accordance with its commercial lending practices enter into a credit facility with
the Principal for use with the operation of the Account. Such credit facility will be agreed to under separate agreement and subject
to the terms and conditions, therein. Principal acknowledges that any such credit facility is subject to the lien provisions of
Paragraph 9.2 of this Agreement.

 

15.      CUSTODIAN’s
RESPONSIBILITIES AND LIABILITIES:

 

15.1 Standard
of Care. In performing the responsibilities delegated to it under this Agreement, the Custodian agrees to exercise reasonable
care, prudence and diligence and shall not be liable for any damages arising out of the Custodian’s performance of or failure to
perform its duties under this Agreement except to the extent that damages arise directly out of the Custodian’s willful misfeasance,
bad faith, gross negligence or otherwise from a material breach of the Custodian’s standard of care under this Agreement.

 

15.2 Investment
Authority. The parties intend that Custodian shall not be considered a fiduciary of the Account.

 

15.3 Insurance
and Force Majeure. Without limiting the generality of Paragraph 14.1 or of any other provision of this Agreement the
Custodian shall not be liable so long as and to the extent that it exercises reasonable care, for any defect in the title, validity
or genuineness of any Security or in the evidence of title thereto received by it or delivered by it pursuant to this Agreement.
In addition, Custodian (i)
shall not be required to maintain any special insurance for the benefit of Principal, and (ii)
shall not be liable or responsible for any loss, damage, expense, failure to perform or delay caused by accidents,
strikes, fire, flood, war, riot, electrical or mechanical or communication line or facility failures, acts of third parties (including
without limitation any messenger, telephone or delivery service), acts of God, war, government action, civil commotion, fire,
earthquake, or other casualty or disaster or any other cause or causes which are beyond Custodian’s reasonable control.
However, Custodian shall use reasonable efforts to replace Securities lost or damaged due to such causes with securities of the
same class and issue with all rights and privileges pertaining thereto. Custodian shall not be liable to Principal for any loss
which shall occur as the result of the failure of a Sub-Custodian to exercise reasonable care with respect to the safekeeping
of assets.

 

    	© Union Bank, N.A. (2009-08)	 	11 of 15

     

    

  

15.4   Legal Proceedings

 

15.4.1 Custodian shall not be required
to appear in or defend any legal proceedings with respect to the Account or the Securities unless Custodian has been indemnified
to its reasonable satisfaction against loss and expense (including reasonable attorneys’ fees).

 

15.4.2 With respect to legal proceedings
Custodian may consult with counsel acceptable to it after written notification to Principal concerning its duties and responsibilities
under this Agreement, and shall not be liable for any action taken or not taken in good faith on the advice of such counsel.

 

15.4.3 To the extent permissible by law
or regulation and upon Principal’s request, the Principal shall be subrogated to the rights of the Custodian with respect
to any claim for any loss, damage or claim suffered by Principal, in each case to the extent that the Custodian fails to pursue
any such claim or Principal is not made whole in respect of such loss, damage or claim.

 

15.4.4 Custodian shall create and maintain
all records relating to its activities and obligations under this Agreement in such manner as will meet Principal’s obligations
under the Act, including Section 31 thereof and Rules 31a-1 and 31a-2 thereunder. To the extent that Custodian is able to do so,
Custodian shall provide assistance to Principal providing sub-certifications regarding certain of its services performed hereunder
to Principal in connection with Principal’s Sarbanes-Oxley Act of 2002 certification requirements.

 

16.      INDEMNITIES
AND LIMITATION OF LIABILITY.

 

16.1 In addition to the indemnification
provisions contained in this Agreement, Principal agrees to indemnify, defend and hold harmless Custodian and its affiliates providing
services under this Agreement, including their respective officers, directors, agents and employees from all taxes, charges, expenses,
assessments, claims and liabilities including, without limitation, reasonable attorneys' fees and disbursements and liabilities
(“Claims”) arising directly or indirectly from any action or omission to act which Custodian takes in connection with
the provision of services to Principal. Neither Custodian, nor any of its affiliates, including their respective officers, directors,
agents and employees shall be indemnified against any liability (or any expenses incident to such liability) caused by Custodian’s
or its affiliates' own willful misfeasance, bad faith, gross negligence or reckless disregard in the performance of Custodian’s
or its affiliates’ activities under this Agreement. The provisions of this Paragraph 16 shall survive termination of this
Agreement.

 

16.2 In all cases, Custodian’s liability
under this Agreement shall be limited to the resulting direct loss, if any, incurred by Principal. Under no circumstances shall
Custodian be liable for any incidental, consequential, indirect, punitive, or special damage which Principal may incur or suffer
in connection with this Agreement.

 

17.      COMPENSATION
AND OTHER CHARGES

 

17.11 Compensation.
Principal shall pay Custodian compensation for its services hereunder as specified in Appendix B. Fees shall accrue and be taken
in arrears as specified on the active fee schedule and charged to the Account unless Principal has requested that it be billed
directly. However, any fees not paid within 60 days of billing will be charged to the Account.

 

17.2 Expenses.
Principal shall reimburse Custodian for all reasonable out-of-pocket expenses and processing costs incurred by Custodian in the
administration of the Account including, without limitation, reasonable counsel fees incurred by Custodian pursuant to Subparagraph
14.4 of this Agreement.

 

    	© Union Bank, N.A. (2009-08)	 	12 of 15

     

    

 

18.      AMENDMENT
AND TERMINATION.

 

18.1 Amendment.
This Agreement may be amended at any time by a written instrument signed by the parties or by Custodian immediately if required
by applicable law or upon thirty (30) days written notice to Principal.

 

18.2 Termination.

 

In addition, either party may terminate this
Agreement and the Account upon 60 days' written notice. Upon such termination, Custodian shall deliver or cause to be
delivered the Securities, less any amounts due and owing to Custodian under this Agreement, to a successor custodian
designated by Principal. Upon completion of such delivery Custodian shall be discharged of any further liability or
responsibility with respect to the Securities so delivered. In the event that Securities or other properties remain in the
possession of the Custodian after the date of termination hereof owing to failure of Principal to provide proper
instructions, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian
retains possession of such securities, funds and other properties and the provisions of this Agreement relating to the duties
and obligations of the Custodian shall remain in full force and effect. In the event that no proper instructions designating
a successor custodian or alternative arrangements shall have been delivered to the Custodian on or before the date when such
termination shall become effective, then the Custodian shall have the right to deliver to a bank or trust company, which is a
“bank” as defined in the Act of its own selection, having an aggregate capital, surplus, and undivided profits,
as shown by its last published report, of not less than $25,000,000, all Securities held by the Custodian on behalf of
Principal and all instruments held by the Custodian relative thereto held by it under this Agreement on behalf of Principal,
and to transfer to an account of such successor custodian all of the Securities held in an Account. Thereafter, such bank or
trust company shall be the successor of the Custodian under this Agreement. All expenses associated with the transfer of
custody hereunder upon termination hereof shall be borne by the Principal (except as may be specifically agreed in writing by
the parties in relation to special arrangements).

 

19.      SUCCESSORS.

 

This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their successors in interest. This Agreement may not be assigned by either party, nor may the
duties of either party hereunder be delegated, without the prior written consent of the other party.

 

20.      GOVERNING
LAW. The validity, construction, and administration of this Agreement shall be governed by the applicable
laws of the United States from time to time in force and effect and, to the extent not preempted by such laws of the United States,
by the laws of the State of California from time to time in force and effect. Any action or proceeding to enforce, interpret or
adjudicate the rights and responsibilities of the parties hereunder shall be commenced in the State or Federal courts located
in the State of California.

 

21.      ADDRESSES.
Until further notice from either party, al communications called for under this Agreement shall be in writing and addressed
as follows:

 

If
to Principal:

 

	Name:	Harris & Harris Group, Inc.	 
	Street Address: 	1450 Broadway, 24th Floor	 
	City, State, Zip: 	New York, NY 10018	 
	Attn:	 	 
	Telephone:	 	 
	Facsimile:	 	 

 

    	© Union Bank, N.A. (2009-08)	 	13 of 15

     

    

  

If to Custodian:

 

Union Bank, N.A.

Institutional Custody Services

Attn: Ms. Margaret Bond, Vice President

350 California Street, 6th Floor

San Francisco, California 94104

Telephone: (415) 705-7205

Facsimile: (877) 823-3601

 

22.      EFFECTIVE
DATE.

 

This Agreement shall be effective as of the date appearing
below, and shall supersede any prior or existing agreements between the parties pertaining to the subject matter hereof.

 

23.      COUNTERPARTS.

 

This Agreement may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement
and all exhibits, appendices, attachments and amendments hereto may be reproduced by any reasonable means. The parties hereto each
agree that any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding,
whether or not the original is in existence and whether or not such reproduction was made by a party in the regular course of business,
and that any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.

 

23.      MISCELLANEOUS.

 

Each party agrees to perform such further acts and execute
such further documents as are necessary to effectuate the purposes hereof. This Agreement embodies the entire agreement and understanding
between the parties and supersedes all prior agreements and understandings relating to the subject matter hereof. The captions
in this Agreement are included for convenience of reference only and in no way define or delimit any of the provisions hereof or
otherwise affect their construction or effect.

 

	Date:	 	 
	 	 	 
	By: 	Harris & Harris Group, Inc.	 
	 	 	 
	 	/s/ Daniel
    B. Wolfe	 
	 	Authorized Signature	 
	 	 	 
	 	 	 
	 	Daniel
    B. Wolfe, President	 
	 	Name & Title	 
	 	 	 
	 	3/11/11	 
	 	Date	 
	 	 	 
	 	 	 
	 	Authorized Signature	 
	 	 	 
	 	 	 
	 	Name & Title 	 
	 	 	 
	 	 	 
	 	Date	 

 

    	© Union Bank, N.A. (2009-08)	 	14 of 15

     

    

  

	By:	Union Bank, National Association, "Custodian"	 
	 	 	 
	 	/s/ Margaret Bond	 
	 	Authorized Signature	 
	 	 	 
	 	Margaret Bond, Vice President	 
	 	Name & Title	 
	 	 	 
	 	3/11/2011	 
	 	Date	 
	 	 	 
	 	 	 
	 	Authorized Signature	 
	 	 	 
	 	 	 
	 	Name & Title	 
	 	 	 
	 	 	 
	 	Date	 

 

    	© Union Bank, N.A. (2009-08)	 	15 of 15

     

    

 

Appendix
A

 

	COUNTRY/MARKET	 	SUB-CUSTODIAN	 	DEPOSITORY	 	
        COMPULSORY

        DEPOSITORY
	 	
        FOREIGN/

        EMERGING

        MARKET
	 	
        SETTLEMENT

        STANDARD

	Australia	 	National Australia Bank	 	Government Debt: The Reserve Bank Information and Transfer System Corporate and Government Bond: Austraclear Equities: Clearing House Electronic Sub- register System	 	Yes	 	Foreign	 	Contractual
	Austria	 	Bank Austria	 	Oesterreichischi Kontrollbank AG	 	Yes	 	Foreign	 	Contractual
	Belgium	 	BNP Paribas Belgium	 	Government Instruments: Banque Nationale de Belgique Equities and Corporate Debt: Euroclear Belgium	 	Yes	 	Foreign	 	Actual
	Canada	 	RBC Dexia Investor Services	 	The Canadian Depository for Securities Limited	 	Yes	 	Foreign	 	Contractual
	Denmark	 	Danske Bank	 	VP Securities Services	 	Yes	 	Foreign	 	Contractual
	Euroclear	 	Euroclear Bank	 	Not Applicable	 	NA	 	Foreign	 	Contractual
	Finland	 	SEBanken Finland	 	Euroclear Finland	 	Yes	 	Foreign	 	Actual
	France	 	CACEIS Bank	 	Euroclear France	 	Yes	 	Foreign	 	Contractual
	Germany	 	Deutsche Bank	 	Clearstream Banking Frankfurt	 	Yes	 	Foreign	 	Contractual
	Hong Kong	 	Standard Chartered Bank	 	Government Instruments: Hong Kong Monetary Authority Equities and Corporate Debt: Central Clearing and Settlement System	 	Yes	 	Foreign	 	Contractual
	Ireland	 	Bank of Ireland	 	Euroclear UK	 	Yes	 	Foreign	 	Contractual
	Italy	 	Deutsche Bank	 	Monte Titoli	 	Yes	 	Foreign	 	Contractual
	Japan	 	The Bank of Tokyo Mitsubishi UFJ, Limited	 	Government Instruments: Bank of Japan Equities and Corporate Bonds: Japan Securities Depository Center	 	Yes	 	Foreign	 	Contractual
	Netherlands	 	Fortis Bank	 	Euroclear Nederlands	 	Yes	 	Foreign	 	Contractual
	New Zealand	 	National Nominees	 	New Zealand Central Securities Depository	 	Yes	 	Foreign	 	Contractual
	Norway	 	Nordea Bank Norge	 	Verdipapirsentralen	 	Yes	 	Foreign	 	Contractual
	Portugal	 	Millennium BCP	 	Central de Valores Mobiliarios	 	Yes	 	Foreign	 	Contractual
	Singapore	 	DBS Bank	 	Central Depository (PTE) Limited	 	Yes	 	Foreign	 	Contractual
	South Africa	 	Standard Bank of South Africa	 	Shares Transactions Totally Electronic (STRATE)	 	Yes	 	Foreign	 	Contractual
	Spain	 	BNP Paribas	 	IBERCLEAR	 	Yes	 	Foreign	 	Contractual
	Sweden	 	SEBanken	 	Vardepapperscentralen	 	Yes	 	Foreign	 	Contractual
	Switzerland	 	UBS AG	 	SIX SIS AG	 	Yes	 	Foreign	 	Contractual
	United Kingdom	 	HSBC Bank	 	Euroclear UK	 	Yes	 	Foreign	 	Contractual
	United States	 	Union Bank N.A.	 	Equities and Fixed Income: The Depository	 	Yes	 	N/A	 	Contractual

 

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	12/31/2010	 

     

    

  

	COUNTRY/MARKET	 	SUB-CUSTODIAN	 	DEPOSITORY	 	
        COMPULSORY

        DEPOSITORY
	 	
        FOREIGN/

        EMERGING

        MARKET
	 	
        SETTLEMENT

        STANDARD

	 	 	 	 	
        Trust Company (DTC)

        Equities: Citibank N.A. Government Bonds:
        Federal Reserve Bank
	 	 	 	 	 	 
	Argentina	 	HSBC Bank Argentina	 	Caja de Valores	 	Yes	 	Emerging	 	Actual
	Bangladesh	 	Standard Chartered Bank	 	Central Depository Bangladesh Limited	 	Yes	 	Emerging	 	Actual
	Bermuda	 	Bank of Bermuda*	 	Bermuda Securities Depository Limited	 	Yes	 	Emerging	 	Actual
	Botswana	 	Standard Chartered Bank	 	Equities: Central Securities Depository of Botswana Government Bonds: Bank of Botswana	 	No	 	Emerging	 	Actual
	Brazil	 	Citibank	 	Equities: Companhia Brasileira de Liquidacao e Custodia Government Bonds: Sistema Especial de Liquidacao e Custodia Other Fixed Income: Central de Custodia e de Liquidacao de Titulos	 	Yes	 	Emerging	 	Actual
	Bulgaria	 	Unicredit Bulbank	 	Central Securities Depository AD	 	Yes	 	Emerging	 	Actual
	Chile	 	Citibank	 	Deposito Central de Valores	 	Yes	 	Emerging	 	Actual
	China	 	Standard Chartered Bank	 	The China Securities Depository and Clearing Corporation Limited (CSDCC)	 	Yes	 	Emerging	 	Actual
	Colombia	 	Citibank	 	
        Government Bonds: Deposito Central de Valores

        Equities and Other Fixed Income: Deposito
        Centralizado de Valores
	 	Yes	 	Emerging	 	Actual
	Cyprus	 	BNP Paribas	 	Equities: Clearing, Settlement and Registration General Directoate (in Greece)	 	Yes	 	Emerging	 	Actual
	Czech Republic	 	Ceskoslovenska Obchodni Banka	 	Government Bonds: Registracni Centrum Ceske Narodni Banky Equities and Other Fixed Income: Stredisko Cennych Papiru	 	Yes	 	Emerging	 	Actual
	Egypt	 	Citibank	 	Misr for Central Clearing, Depository and Registry	 	Yes	 	Emerging	 	Actual
	Estonia	 	SEBanken	 	Central Depository Limited	 	Yes	 	Emerging	 	Actual
	Ghana	 	Stanbic Bank Ghana	 	Equities: Ghana Securities Depository Company Government Debt: Bank of Ghana	 	Yes	 	Emerging	 	Actual
	Greece	 	BNP Paribas	 	Equities: Clearing, Settlement and Registration General Directoate Government Instruments: Bank of Greece	 	Yes	 	Emerging	 	Actual
	Hungary	 	Unicredit Bank Hungary	 	Central Clearing House and Depository Limited	 	Yes	 	Emerging	 	Actual
	Iceland	 	Deutsche Bank	 	Icelandic Securities Depository Limited	 	Yes	 	Emerging	 	Actual

 

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	12/31/2010	 

     

    

  

	COUNTRY/MARKET	 	SUB-CUSTODIAN	 	DEPOSITORY	 	
        COMPULSORY

        DEPOSITORY
	 	
        FOREIGN/

        EMERGING

        MARKET
	 	
        SETTLEMENT

        STANDARD

	India	 	Standard Chartered Bank	 	
        Government Bonds: Reserve Bank of India
        Equities and Corporate Bonds: National Securities Depository Ltd.

        Equities and Corporate Bonds: Central Depository
        Services Limited
	 	Yes	 	Emerging	 	Actual
	Indonesia	 	Standard Chartered Bank	 	PT. Kustodian Sentral Efek Indonesia	 	Yes	 	Emerging	 	Actual
	Israel	 	Bank Leumi	 	Tel Aviv Stock Exchange Clearing House	 	Yes	 	Emerging	 	Actual
	Kenya	 	Standard Chartered Bank	 	Central Depository Settlement Corporation	 	Yes	 	Emerging	 	Actual
	Korea (Republic of)	 	Standard Chartered First Korea Bank	 	Korean Securities Depository	 	Yes	 	Emerging	 	Actual
	Jordan	 	HSBC Bank Jordan	 	Securities Depository Centre	 	Yes	 	Emerging	 	Actual
	Latvia	 	AS SEB Banka	 	Latvian Central Depository	 	Yes	 	Emerging	 	Actual
	Lithuania	 	AB SEB Bankas	 	Central Securities Depository of Lithuania	 	Yes	 	Emerging	 	Actual
	Malawi	 	Standard Bank Malawi	 	None	 	NA	 	Emerging	 	Actual
	Malaysia	 	Standard Chartered Bank	 	Government Bonds: Bank Negara Malaysia Equities and Other Fixed Income: Bursa Malaysian Depository	 	Yes	 	Emerging	 	Actual
	Mauritius	 	Standard Chartered Bank	 	Central Depository and Settlement Company	 	Yes	 	Emerging	 	Actual
	Mexico	 	Banco National de Mexico S.A. (a subsidiary of Citicorp)	 	Instituto Para el Deposito de Valores (S.D. INDEVAL)	 	Yes	 	Emerging	 	Actual
	Morocco	 	Banque Marocaine de Commerce et d L'lndustrie	 	Maroclear	 	Yes	 	Emerging	 	Actual
	Namibia	 	Standard Bank Namibia	 	None	 	NA	 	Emerging	 	Actual
	Nigeria	 	Stanbic IBTC Bank	 	Central Securities Clearing Systems	 	Yes	 	Emerging	 	Actual
	Pakistan	 	Standard Chartered Bank	 	Equities and Other Fixed Income: Central Depository Company of Pakistan Ltd.	 	Yes	 	Emerging	 	Actual
	Peru	 	Citibank	 	CAVALI	 	Yes	 	Emerging	 	Actual
	Philippines	 	Standard Chartered Bank	 	
        Equities: Philippine Depository and Trust
        Company

        Government Bonds: Bureau of Treasury
	 	Yes	 	Emerging	 	Actual
	Poland	 	Citibank Handlowy w Warszawie (a subsidiary of Citibank)	 	
        Government Bonds: National Bank of Poland

        Equities and Other Fixed Income: National
        Depository of Securities
	 	Yes	 	Emerging	 	Actual
	Romania	 	Unicredit Bank Romania	 	Equities: Central Depository	 	Yes	 	Emerging	 	Actual
	Russia	 	Citibank	 	Government Bonds: Bank for Foreign Trade of the Russian Federation Equities, GKO’s and OFZ’s: National Depository Center and the Depository Clearing Company	 	No	 	Emerging	 	Actual

 

    	UNION BANK GLOBAL CUSTODY	Page 3 of 4
	12/31/2010	 

     

    

 

	COUNTRY/MARKET	 	SUB-CUSTODIAN	 	DEPOSITORY	 	
        COMPULSORY

        DEPOSITORY
	 	
        FOREIGN/

        EMERGING

        MARKET
	 	
        SETTLEMENT

        STANDARD

	Serbia	 	Unicredit Bank Serbia JSC	 	Central Registry, Depository and Clearing House	 	Yes	 	Emerging	 	Actual
	Slovakia	 	Ceskoslovenska Obchodni Banka	 	Central Securities Depository	 	Yes	 	Emerging	 	Actual
	Slovenia	 	Unicredit Banka Slovenija	 	Central Securities Clearing Corporation	 	Yes	 	Emerging	 	Actual
	Sri Lanka	 	Standard Chartered Bank	 	Central Depository System	 	Yes	 	Emerging	 	Actual
	Taiwan	 	Standard Chartered Bank	 	Taiwan Securities Depository and Clearing Corporation	 	Yes	 	Emerging	 	Actual
	Tanzania	 	Standard Chartered Bank	 	Central Securities Depository	 	Yes	 	Emerging	 	Actual
	Thailand	 	Standard Chartered Bank	 	Thailand Securities Depository Company Ltd.	 	Yes	 	Emerging	 	Actual
	Tunisia	 	Banque Internationale Arabe de Tunsie	 	Societe Tunisienne Interprofessionnelle de Compenestion et de depot des Valeurs Mobilieres (STICODEVAM)	 	Yes	 	Emerging	 	Actual
	Turkey	 	Citibank	 	Government Bonds: Central Bank of Turkey Equities and Other Fixed Income: Central Registry Agency	 	Yes	 	Emerging	 	Actual
	Uganda	 	Standard Chartered Bank	 	Government Debt: Bank of Uganda Equities: Securities Central Depository (under conversion)	 	
        Yes

        No
	 	Emerging	 	Actual
	Ukraine	 	Unicredit Bank	 	Equities and Corporate Bonds: Inter-Regional Securities Union Government Securities: National Bank of Ukraine	 	Yes	 	Emerging	 	Actual
	Venezuela	 	Citibank	 	Equities, Corporate and Government Debt: Caja de Valores de Venezuela	 	No	 	Emerging	 	Actual
	Vietnam	 	Standard Chartered Bank	 	Vietnam Securities Depository	 	Yes	 	Emerging	 	Actual
	Zambia	 	Standard Chartered Bank	 	LuSE Central Securities Depository	 	Yes	 	Emerging	 	Actual
	Zimbabwe	 	Barclays Bank	 	None	 	NA	 	Emerging	 	Actual

  

*
        Bermuda is available for settlement and safekeeping; however, additional documentation may be required.

  

    	UNION BANK GLOBAL CUSTODY	Page 4 of 4
	12/31/2010	 

     

    

  

 

 

SCHEDULE
OF FEES

Harris & Harris
Group

Effective
December 2010

 

	INSTITUTIONAL CUSTODY SERVICES	 	
        New account set-up 

        Free receipt of assets transferring into Union Bank

        Asset safekeeping

        Trade settlements

        Income collections

        Capital changes and proxy processing

        Daily cash sweep to HighMark Diversified Money Market
        Fund

        Account statement – Holdings and Transactions

        Dedicated relationship manager assigned to your
        account

        Account access to Online Trust & Custody

 

	ANNUAL ADMINISTRATION FEE	 	Assets
    to $500 Million	One
    basis point per annum*

    (1 BP on AUA)
	 	 	 	 
	 	 	Assets
    in excess of $500 Million	Three
    Quarters of One basis point*

    (3/4ths of 1 BP on AUA)
	 	 	 	 
	 	 	Physical
    Securities	Five
    basis points per annum

    (5 BP on AUA)

 

	ITEMIZED FEES	 	Transaction
    Fee	 
	 	 	Depository
    Eligible	$5
	 	 	Depository
    Ineligible	$20
	 	 	 	 
	 	 	Disbursements
    – Wires/Checks	$10
	 	 	 	 
	 	 	Additional
    Statements	$10
	 	 	 	 
	 	 	Out-of-Pocket
    Expenses	As
    Incurred

 

	MINIMUM ANNUAL FEE	 	Per Account	$5000

 

	DISCLOSURES	 	Market
    value used for fee calculations on fee invoices may differ slightly from market values on client statements  due
    to posting of accruals, late pricing of securities, and/or other timing issues.
	 	 	 
	 	 	A
    transaction is defined as any activity affecting assets including purchases, sales, tender offers, stock dividends, free deliveries,
    maturities, exchanges, redemptions, etc. Fees for foreign securities, foreign exchange transactions, international wires,
    and non-standard services are quoted separately. Union Bank retains the right to charge special fees for extraordinary services
    not covered in this fee schedule.
	 	 	 
	 	 	You
    may be assessed an overdraft charge for any negative balance in your account, provided such advance or overdraft is not related
    to Bank errors or omissions. Current overdraft charges are at the Bank’s Prime Rate + 4% per annum for the amount and
    number of days any negative balance exists in your account. This rate may be subject to change upon notification. Please see
    your account Agreement for additional information.
	 	 	 
	 	 	Fees
    are charged quarterly against the Client’s account unless otherwise agreed. This fee schedule is subject to change upon
    thirty (30) days written notice.
	 	 	 
	 	 	*includes
    cash sweep

 

	ACKNOWLEDGMENT	 	 
	 	 	Client Name

 

	 	 	/s/
    Daniel B. Wolfe	 	3/11/2011
	 	 	Authorized
    Client Representative	 	Date
	 	 	 	 	 
	 	 	/s/
    Margaret Bond	 	3/11/2011
	 	 	Union
    Bank Representative	 	DateExhibit 10.2

 

EXECUTION COPY

  

 

 

CUSTODY
AGREEMENT

  

 

 

dated
as of February 24, 2011 

by
and between

 

Harris
& Harris Group, Inc.

(“Company”)

 

and

 

TD
Bank, N.A.

(“Custodian”)

 

     

     

    

 

EXECUTION
COPY

 

TABLE
OF CONTENTS

 

	 		Page
	1.	DEFINITIONS	1
	2.	APPOINTMENT OF CUSTODIAN	3
	3.	DUTIES OF CUSTODIAN	4
	4.	REPORTING	6
	5.	RESERVED	6
	6.	RESERVED	6
	7.	CERTAIN GENERAL TERMS	6
	8.	RESERVED	8
	9.	RESPONSIBILITY OF CUSTODIAN	8
	10.	SECURITY CODES	11
	11.	TAX LAW	11
	12.	EFFECTIVE PERIOD, TERMINATION AND AMENDMENT	11
	13.	REPRESENTATIONS AND WARRANTIES	12
	14.	PARTIES IN INTEREST; NO THIRD PARTY BENEFIT	12
	15.	NOTICES	13
	16.	CHOICE OF LAW AND JURISDICTION	13
	17.	ENTIRE AGREEMENT; COUNTERPARTS	13
	18.	AMENDMENT; WAIVER	13
	19.	SUCCESSOR AND ASSIGNS	14
	20.	SEVERABILITY	14
	21.	INSTRUMENT UNDER SEAL; HEADINGS	14
	22.	REQUEST FOR INSTRUCTIONS	14
	23.	OTHER BUSINESS	15
	24.	REPRODUCTION OF DOCUMENTS	15
	SCHEDULES	 
	   SCHEDULE
    A – Initial Authorized Persons	 
	 	 
	EXHIBITS	 
	 	 
	EXHIBIT A – Business Deposit Account
    Agreement 	 
	EXHIBIT B – Cash Management Master
    Agreement	 

 

    i 

     

    

  

THIS
CUSTODY AGREEMENT (this “Agreement”) is dated as of February 24, 2011 and is by and between Harris & Harris
Group, Inc. (and any successor or permitted assign), a corporation organized under the laws of New York, having its principal place
of business at 1450 Broadway, 24th Floor, New York, N.Y. 10018, and TD Bank, N.A. (or any successor or permitted assign
acting as custodian hereunder, the “Custodian”), a national banking association having a place of business at
324 South Service Road, Melville, New York 11747.

 

RECITALS

 

WHEREAS,
Harris & Harris Group, Inc. is a closed-end management investment company, which has elected to do business as a business development
company under the Investment Company Act of 1940, as amended (the “1940 Act”), and is authorized to issue shares of
common stock;

 

WHEREAS,
the Company (as defined below) desires to retain the Custodian to act as custodian for the Company in compliance with Section 17(f)
of the 1940 Act;

 

WHEREAS,
the Company desires that the Company’s cash assets be held by the Custodian pursuant to this Agreement; and

 

WHEREAS,
for the avoidance of doubt, it is understood by the Custodian and the Company that this Agreement does not apply to the custody
of any other assets of the Company other than cash, and thus, cash equivalents and similar investments, including but not limited
to, repurchase agreements and similar short-term securities, cannot be held in custody pursuant to this Agreement,

 

NOW
THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties hereto agree as follows:

 

		1.	DEFINITIONS

 

1.1        Defined
Terms. In addition to terms expressly defined elsewhere herein, the following words shall have the following meanings as used in
this Agreement:

 

“Account”
means the account(s) to be established at the Custodian to which the Custodian shall deposit and hold any cash received by it from
time to time, which shall be subject to the terms of this Agreement.

 

“Agreement”
means this Custody Agreement (as the same may be amended from time to time in accordance with the terms hereof).

 

“Authorized
Person” has the meaning set forth in Section 7.4.

 

“Bank
Account Agreement” means, collectively the Business Deposit Account Agreement attached hereto as Exhibit A and the Cash
Management Master Agreement attached hereto as Exhibit B, each of which is incorporated herein by reference.

 

     1

     

    

 

“Business
Day” means a day on which the Custodian is open for business in the market or country in which a transaction is to take
place.

 

“Company”
means Harris & Harris Group, Inc., its successors or permitted assigns.

 

“Confidential
Information” means any databases, computer programs, screen formats, screen designs, report formats, interactive design
techniques, and other similar or related information that may be furnished to the Company by the Custodian from time to time pursuant
to this Agreement.

 

“Custodian”
has the meaning set forth in the first paragraph of this Agreement.

 

“Person”
means any individual, corporation, partnership, limited liability company, joint venture, association, joint stock company, trust
(including any beneficiary thereof) unincorporated organization, or any government or agency or political subdivision thereof.

 

“Proper
Instructions” means instructions received by the Custodian in form acceptable to it, from the Company, or any Person
duly authorized by the Company in any of the following forms acceptable to the Custodian:

 

(a)        in
writing signed by the Authorized Person (and delivered by hand, by mail, by overnight courier or by telecopier);

 

(b)        by
electronic mail from an Authorized Person;

 

(c)        such
other means as may be agreed upon in writing from time to time by the Custodian and the party giving such instructions.

 

“Revolving
Loan” means the revolving loan from the Custodian to the Company in the aggregate principal amount of $10,000,000.

 

“Revolving
Loan Agreement” means the Revolving Loan Agreement, dated as of February 24, 2011, between the Company and the Custodian,
as such Revolving Loan Agreement may be amended, modified or supplemented from time to time in accordance with its terms.

 

“Shares”
means the shares of common stock issued by the Company.

 

“Subsidiary
Account” shall have the meaning set forth in Section 3.13(b).

 

“Subsidiary”
means, collectively, any wholly owned subsidiary of the Company, except for those wholly-owned subsidiaries whose assets are held
in custody by a custodian other than the Custodian.

 

1.2        Construction.
In this Agreement unless the contrary intention appears:

 

     2

     

    

 

		(a)	any reference to
this Agreement or another agreement or instrument refers to such agreement or instrument as the same may be amended, modified or
otherwise rewritten from time to time;

 

		(b)	a reference to a
statute, ordinance, code or other law includes regulations and other instruments under it and consolidations, amendments, re-enactments
or replacements of any of them;

 

		(c)	any term defined
in the singular form may be used in, and shall include, the plural with the same meaning, and vice versa;

 

		(d)	a reference to a
Person includes a reference to the Person’s executors, Custodian, successors and permitted assigns;

 

		(e)	an agreement, representation
or warranty in favor of two or more Persons is for the benefit of them jointly and severally;

 

		(f)	an agreement, representation
or warranty on the part of two or more Persons binds them jointly and severally;

 

		(g)	a reference to the
term “including” means “including, without limitation,” and

 

		(h)	a reference to any
accounting term is to be interpreted in accordance with generally accepted principles and practices in the United States, consistently
applied, unless otherwise instructed by the Company.

 

		1.3	Headings. Headings
are inserted for convenience and do not affect the interpretation of this Agreement.

 

		2.	APPOINTMENT
OF CUSTODIAN

 

2.1        Appointment
and Acceptance. The Company hereby appoints the Custodian as custodian of all cash owned by the Company and the Subsidiaries (as
applicable) and delivered to the Custodian by or for the Company or the Subsidiaries (as applicable) at any time during the period
of this Agreement, on the terms and conditions set forth in this Agreement (which shall include any addendum hereto which is hereby
incorporated herein and made a part of this Agreement), and the Custodian hereby accepts such appointment and agrees to perform
the services and duties set forth in this Agreement with respect to it subject to and in accordance with the provisions hereof.

 

2.2        Instructions.
The Company agrees that it shall from time to time provide, or cause to be provided, to the Custodian all necessary instructions
and information, and shall respond promptly to all inquiries and requests of the Custodian, as may reasonably be necessary to enable
the Custodian to perform its duties hereunder.

 

     3

     

    

 

2.3        Company
Responsible For Directions. The Company is solely responsible for directing the Custodian with respect to deposits to, withdrawals
from and transfers to or from the Account. The Company shall be solely responsible for properly instructing all applicable payors
to make all appropriate payments to the Custodian for deposit to the Account, and for properly instructing the Custodian with respect
to the allocation or application of all such deposits.

 

2.4        Appointment of Sub-Custodian. With prior written notice to the Company, the Custodian may from time to time employ one or more
sub-custodians located in the United States, but only in accordance with the approval of the board of directors of the Company.
The Custodian shall not appoint a sub-custodian unless the agreement between the Custodian and such sub-custodian requires the
sub-custodian to: (i) at a minimum, exercise due care in accordance with reasonable commercial standards in discharging its duty
as a sub-custodian to obtain and thereafter maintain such financial assets; (ii) provide, promptly upon request by the Company,
such reports as are available concerning the internal accounting controls and financial strength of the sub-custodian; and (iii)
at a minimum, exercise due care in accordance with reasonable commercial standards in discharging its duty as a sub-custodian to
obtain and thereafter maintain financial assets corresponding to the security entitlements of its entitlement holders.

  

		3.	DUTIES OF CUSTODIAN

 

3.1        [Reserved]

 

3.2        Cash
Custody Account. The Custodian shall open and maintain one or more segregated accounts in the name of the Company, subject only
to order of the Custodian, in which the Custodian shall enter and carry the cash of the Company which is delivered to it in accordance
with this Agreement.

 

3.3        Delivery
of Cash to Custodian.

 

		(a)	The Company shall
from time to time deliver, or cause to be delivered, to the Custodian cash to be held in the Account, which may include (a) payments
of income, payments of principal and capital distributions received by the Company, cash owned by the Company at any time during
the period of this Agreement, or (b) cash received by
the Company for the issuance, at any time during such period, of Shares or other securities or in connection with a borrowing by
the Company. The Custodian shall not be responsible for such cash until actually delivered to, and received by it.

 

		(b)	[Reserved]

 

		3.4	[Reserved]

 

		3.5	[Reserved]

 

		3.6	Bank Accounts, and
Management of Cash

 

     4

     

    

  

		(a)	Proceeds received
by the Custodian from time to time shall be credited to the Account.

 

		(b)	[Reserved]

 

		(c)	[Reserved]

 

		(d)	The Company acknowledges
that cash deposited or invested with any bank (including the bank acting as Custodian) may make a margin or generate banking income
for which such bank shall not be required to account to the Company.

 

		3.7	[Reserved]

 

		3.8	[Reserved]

 

		3.9	[Reserved]

 

		3.10	[Reserved]

 

		3.11	[Reserved]

 

3.12        Records.
The Custodian shall create and maintain complete and accurate records relating to its activities under this Agreement with respect
to the cash held for the Company under this Agreement, with particular attention to Section 31 of the 1940 Act, and Rules 31a-1
and 32a-2 thereunder. To the extent that the Custodian, in its sole opinion, is able to do so, the Custodian shall provide assistance
to the Company (at the Company’s reasonable request made from time to time) by providing sub-certifications regarding certain
of its services performed hereunder to the Company in connection with the Company’s certification requirements pursuant to
the Sarbanes-Oxley Act of 2002, as amended. All such records shall be the property of the Company and shall at all times during
the regular business hours of the Custodian be open for inspection by duly authorized officers, employees or agents of the Company
or its affiliates and employees and agents of the Securities and Exchange Commission, upon reasonable request and prior notice
and at the Company’s expense.

 

		3.13	Custody
of Subsidiary Cash.

 

		(a)	[Reserved]

 

		(b)	With
                                                                                 respect to each Subsidiary identified to the Custodian by the Company, there shall be established at the Custodian a
                                                                                 segregated account to which the Custodian shall deposit and hold any cash proceeds received by it from time to time, which
                                                                                 account shall be designated the “[INSERT NAME OF SUBSIDIARY] Cash Proceeds Account” (the “Subsidiary
                                                                                 Account”).

 

		(c)	To the maximum extent
possible, the provisions of this Agreement regarding the Account shall be applicable to any Subsidiary Account. The parties hereto
agree that the Company shall notify the Custodian in writing as to the establishment of any Subsidiary as to which the Custodian
is to serve as custodian pursuant to the terms of this Agreement; and identify in writing any accounts the Custodian shall be required
to establish for such Subsidiary as herein provided.

 

     5

     

    

 

		4.	REPORTING

 

		(a)	[Reserved]

 

		(b)	For each Business
Day, the Custodian shall render to the Company a daily report of all deposits to and withdrawals from the Account for such Business
Day and the outstanding balance as of the end of such Business Day. The Company and the Custodian hereby agree that the Company’s
ability to access account information electronically in accordance with the Bank Account Agreement shall satisfy the daily reporting
requirement.

 

		(c)	[Reserved]

 

		(d)	[Reserved]

 

		5.	RESERVED.

 

		6.	RESERVED.

 

		7.	CERTAIN GENERAL
TERMS

 

		7.1	[Reserved]

 

7.2        Resolution
of Discrepancies. In the event of any discrepancy between the information set forth in any report provided by the Custodian to
the Company and any information contained in the books or records of the Company, the Company shall promptly notify the Custodian
thereof and the parties shall cooperate to diligently resolve the discrepancy.

 

7.3        Improper
Instructions. Notwithstanding anything herein to the contrary, the Custodian shall not be obligated to take any action (or forebear
from taking any action), which it reasonably determines (at its sole option) to be contrary to the terms of this Agreement or applicable
law. In no instance shall the Custodian be obligated to provide services on any day that is not a Business Day.

 

		7.4	Proper
Instructions.

 

		(a)	The Company will
give a notice to the Custodian, in form acceptable to the Custodian, specifying the names and specimen signatures of persons authorized
to give Proper Instructions (collectively, “Authorized Persons” and each is an “Authorized Person”)
which notice shall be signed by any two Authorized Persons previously certified to the Custodian. The Custodian shall be entitled
to rely upon the identity and authority of such persons until it receives written notice from an Authorized Person of the Company
to the contrary. The initial Authorized Persons are set forth on Schedule A attached hereto and made a part hereof (as such
Schedule A may be modified from time to time by written notice from the Company to the Custodian).

 

     6

     

    

  

		(b)	The Custodian shall
not have an obligation to act in accordance with purported instructions to the extent that they conflict with applicable law or
regulations, local market practice or the Custodian’s operating policies and practices. The Custodian shall not be liable
for any loss resulting from a delay while it obtains clarification of any Proper Instructions.

 

7.5        Actions
Permitted Without Express Authority. The Custodian may, at its discretion, without express authority from the Company:

 

		(a)	[reserved];

 

		(b)	endorse
for collection cheques, drafts and other negotiable instruments; and

 

		(c)	[reserved].

 

7.6        Evidence
of Authority. The Custodian shall be protected in acting upon any instructions, notice, request, consent, certificate instrument
or paper reasonably believed by it to be genuine and to have been properly executed or otherwise given by or on behalf of the Company
by an Authorized Officer. The Custodian may receive and accept a certificate signed by any Authorized Officer as conclusive evidence
of:

 

		(a)	the
authority of any person to act in accordance with such certificate; or

 

		(b)	any
determination or of any action by the Company as described in such certificate,

 

and
such certificate may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary
from an Authorized Officer of the Company.

 

7.7        Receipt
of Communications. Any communication received by the Custodian on a day which is not a Business Day or after 3:30 p.m., Eastern
time (or such other time as is agreed by the Company and the Custodian from time to time), on a Business Day will be deemed to
have been received on the next Business Day (but in the case of communications so received after 3:30 p.m., Eastern time, on a
Business Day the Custodian will use its best efforts to process such communications as soon as possible after receipt).

 

     7

     

    

  

		8.	RESERVED

 

		9.	RESPONSIBILITY
OF CUSTODIAN

 

9.1        General
Duties. The Custodian shall have no duties, obligations or responsibilities under this Agreement or with respect to cash except
for such duties as are expressly and specifically set forth in this Agreement, and the duties and obligations of the Custodian
shall be determined solely by the express provisions of this Agreement. No implied duties, obligations or responsibilities shall
be read into this Agreement against, or on the part of, the Custodian.

 

		9.2	Instructions.

 

		(a)	The Custodian shall
be entitled to refrain from taking any action unless it has such instruction (in the form of Proper Instructions) from the Company
as it reasonably deems necessary, and shall be entitled to require, upon notice to the Company, that Proper Instructions to it
be in writing. The Custodian shall have no liability for any action (or forbearance from action) taken pursuant to the Proper Instruction
of the Company.

 

		(b)	Whenever the Custodian
is entitled or required to receive or obtain any communications or information pursuant to or as contemplated by this Agreement,
it shall be entitled to receive the same in writing, in form, content and medium reasonably acceptable to it and otherwise in accordance
with any applicable terms of this Agreement; and whenever any report or other information is required to be produced or distributed
by the Custodian it shall be in form, content and medium reasonably acceptable to it and the Company, and otherwise in accordance
with any applicable terms of this Agreement.

 

9.3        General
Standards of Care. Notwithstanding any terms herein contained to the contrary, the acceptance by the Custodian of its appointment
hereunder is expressly subject to the following terms, which shall govern and apply to each of the terms and provisions of this
Agreement (whether or not so stated therein):

 

		(a)	The Custodian may
rely on and shall be protected in acting or refraining from acting upon any written notice, instruction, statement, certificate,
request, waiver, consent, opinion, report, receipt or other paper or document furnished to it (including any of the foregoing provided
to it by telecopier or electronic means), not only as to its due execution and validity, but also as to the truth and accuracy
of any information therein contained, which it in good faith believes to be genuine and signed or presented by the proper person
(which in the case of any instruction from or on behalf of the Company shall be an Authorized Person); and the Custodian shall
be entitled to presume the genuineness and due authority of any signature appearing thereon. The Custodian shall not be bound to
make any independent investigation into the facts or matters stated in any such notice, instruction, statement, certificate, request,
waiver, consent, opinion, report, receipt or other paper or document, provided, however, that if the form thereof is specifically
prescribed by the terms of this Agreement, the Custodian shall examine the same to determine whether it substantially conforms
on its face to such requirements hereof.

 

     8

     

    

  

		(b)	Neither the Custodian
nor any of its directors, officers or employees shall be liable to anyone for any error of judgment, or for any act done or step
taken or omitted to be taken by it (or any of its directors, officers of employees), or for any mistake of fact or law, or for
anything which it may do or refrain from doing in connection herewith, unless such action constitutes gross negligence, willful
misconduct or bad faith on its part and in breach of the terms of this Agreement. The Custodian shall not be liable for any action
taken by it in good faith and reasonably believed by it to be within powers conferred upon it, or taken by it pursuant to any direction
or instruction by which it is governed hereunder, or omitted to be taken by it by reason of the lack of direction or instruction
required hereby for such action. The Custodian shall not be under any obligation at any time to ascertain whether the Company is
in compliance with the 1940 Act, the regulations thereunder, or the Company’s investment objectives and policies then in
effect.

 

		(c)	In no event shall
the Custodian be liable for any indirect, special or consequential damages (including lost profits) whether or not it has been
advised of the likelihood of such damages.

 

		(d)	The Custodian may
consult with, and obtain advice from, legal counsel selected in good faith with respect to any question as to any of the provisions
hereof or its duties hereunder, or any matter relating hereto, and the advice of such counsel shall be full and complete authorization
and protection in respect of any action taken, suffered or omitted by the Custodian in good faith in accordance with the advice
of such counsel.

 

		(e)	The Custodian shall
not be deemed to have notice of any fact, claim or demand with respect hereto unless actually known by an officer working in its
banking group and charged with responsibility for administering this Agreement or unless (and then only to the extent received)
in writing by the Custodian at the applicable address(es) as set forth in Section 15 and specifically referencing this Agreement.

 

		(f)	No provision of
this Agreement shall require the Custodian to expend or risk its own funds, or to take any action (or forbear from action) hereunder
which might in its judgment involve any expense or any financial or other liability unless it shall be furnished with acceptable
indemnification. Nothing herein shall obligate the Custodian to commence, prosecute or defend legal proceedings in any instance,
whether on behalf of the Company or on its own behalf or otherwise, with respect to any matter arising hereunder, or relating to
this Agreement or the services contemplated hereby.

 

     9

     

    

  

		(g)	The permissive right
of the Custodian to take any action hereunder shall not be construed as duty.

 

		(h)	All indemnifications
contained in this Agreement in favor of the Custodian shall survive the termination of this Agreement.

 

		9.4	Indemnification;
Custodian’s Lien.

 

		(a)	The Company shall
and does hereby indemnify and hold harmless the Custodian for and from any and all costs and expenses (including reasonable attorney’s
fees and expenses), and any and all losses, damages, claims and liabilities, that may arise, be brought against or incurred by
the Custodian, and any advances or disbursements made by the Custodian (including in respect of any Account overdraft, returned
deposit item, chargeback, provisional credit, settlement or assumed settlement, reclaimed payment, claw-back or the like), as a
result of, relating to, or arising out of this Agreement, or the administration or performance of the Custodian’s duties
hereunder, or the relationship between the Company (including, for the avoidance of doubt, any Subsidiary) and the Custodian created
hereby, other than such liabilities, losses, damages, claims, costs and expenses as are directly caused by the Custodian’s
own actions constituting gross negligence or willful misconduct.

 

		(b)	If the Company requires
the Custodian, its affiliates, subsidiaries or agents, to advance cash for any purpose, or in the event that the Custodian or its
nominee shall incur or be assessed any taxes, charges, expenses, assessments, claims or liabilities in connection with the performance
of this Agreement, except such as may arise from its or its nominee’s own negligent action, negligent failure to act or willful
misconduct, or if the Company fails to compensate the Custodian pursuant to Section 8 hereof, any cash at any time held for the
account of the Company shall be security therefor and should the Company fail to repay the Custodian promptly, the Custodian shall
be entitled to utilize available cash to the extent necessary to obtain reimbursement.

 

		(c)	The foregoing notwithstanding,
if the Custodian advances cash under the Revolving Loan, the cash held in the Collateral Account (as defined in the Revolving Loan
Agreement) shall be security therefor and should the Company fail to repay the Custodian in accordance with the terms of the Revolving
Loan Agreement, the Custodian shall be entitled to utilize cash available in the Collateral Account to the extent necessary to
obtain reimbursement.

 

9.5        Force
Majeure. Without prejudice to the generality of the foregoing, the Custodian shall be without liability to the Company for any
damage or loss resulting from or caused by events or circumstances beyond the Custodian’s reasonable control including (a)
nationalization, expropriation, currency restrictions, the interruption, disruption or suspension of the normal procedures and
practices of any securities market, power, mechanical, communications or other technological failures or interruptions, computer
viruses or the like, fires, floods, earthquakes or other natural disasters, civil and military disturbance, acts of war or terrorism,
riots, revolution, acts of God, work stoppages, strikes, national disasters of any kind, or other similar events or acts; (b) errors
by the Company (including any Authorized Person) in its instructions to the Custodian; or (c) changes in applicable law, regulation
or orders.

 

     10

     

    

  

		10.	SECURITY
CODES

 

If
the Custodian issues to the Company, security codes, passwords or test keys in order that it may verify that certain transmissions
of information, including Proper Instructions, have been originated by the Company, the Company shall safeguard any security codes,
passwords, test keys or other security devices which the Custodian shall make available.

 

		11.	TAX
LAW

 

11.1        Domestic
Tax Law. The Custodian shall have no responsibility or liability for any obligations now or hereafter imposed on the Company or
the Custodian as custodian of the Account, by the tax law of the United States or any state or political subdivision thereof. The
Custodian shall be kept indemnified by and be without liability to the Company for such obligations including taxes (but excluding
any income taxes assessable in respect of compensation paid to the Custodian pursuant to this agreement), withholding, certification
and reporting requirements, claims for exemption or refund, additions for late payment interest, penalties and other expenses (including
legal expenses) that may be assessed against the Company, or the Custodian as custodian of the Account.

 

		11.2	[Reserved]

 

		12.	EFFECTIVE
PERIOD, TERMINATION AND AMENDMENT

 

12.1        Effective
Date. This Agreement shall become effective as of its due execution and delivery by each of the parties. This Agreement shall continue
in full force and effect until terminated as hereinafter provided. This Agreement may only be amended by mutual written agreement
of the parties hereto. This Agreement may be terminated by the Custodian or the Company pursuant to Section 12.2.

 

12.2        Termination.
This Agreement shall terminate upon the earliest of (a) the effective date of termination specified in any written notice of termination
given by either party to the other which effective date shall be not less than ninety (90) days from the date that such notice
is given in accordance with Section 15, and (b) such other date of termination as may be mutually agreed upon by the parties in
writing.

 

12.3        Resignation.
The Custodian may at any time resign under this Agreement by giving not less than ninety (90) days advance written notice thereof
to the Company.

 

     11

     

    

  

12.4        Successor.
Prior to the effective date of termination of this Agreement, or the effective date of the resignation of the Custodian, as the
case may be, the Company shall give Proper Instruction to the Custodian designating a successor Custodian, if applicable.

 

		12.5	[Reserved]

 

12.6        Final
Report. In the event of any resignation or removal of the Custodian, the Custodian shall provide to the Company a complete final
written report or data file transfer of any Confidential Information as of the date of such resignation or removal.

 

		13.	REPRESENTATIONS
AND WARRANTIES

 

13.1        Representations
of the Company. The Company represents and warrants to the Custodian that:

 

		(a)	it has the power
and authority to enter into and perform its obligations under this Agreement, and it has duly authorized and executed this Agreement
so as to constitute its valid and binding obligation; and

 

		(b)	in giving any instructions
which purport to be “Proper Instructions” under this Agreement, the Company will act in accordance with the provisions
of its certificate of incorporation and bylaws and any applicable laws and regulations.

 

13.2        Representations
of the Custodian. The Custodian hereby represents and warrants to the Company that:

 

		(a)	it is qualified
to act as a custodian pursuant to Section 26(a)(1) of the 1940 Act;

 

		(b)	it has the power
and authority to enter into and perform its obligations under this Agreement;

 

		(c)	it has duly authorized
and executed this Agreement so as to constitute its valid and binding obligation; and

 

		(d)	that it maintains
business continuity policies and standards that include data file backup and recovery procedures that comply with all applicable
regulatory requirements.

 

		14.	PARTIES
                                         IN INTEREST; NO THIRD PARTY BENEFIT

 

This
Agreement is not intended for, and shall not be construed to be intended for, the benefit of any third parties and may not be relied
upon or enforced by any third parties (other than successors and permitted assigns pursuant to Section 19).

 

     12

     

    

  

		15.	NOTICES

 

Any
Proper Instructions shall be given to the following address (or such other address as either party may designate by written notice
to the other party), and otherwise any notices, approvals and other communications hereunder shall be sufficient if made in writing
and given to the parties at the following address (or such other address as either of them may subsequently designate by notice
to the other), given by (i) certified or registered mail, postage prepaid, (ii) recognized courier or delivery service, or (iii)
confirmed telecopier or telex, with a duplicate sent on the same day by first class mail, postage prepaid:

 

		(a)	if to the Company,
to

 

Harris
& Harris Group, Inc.

1450
Broadway, 24th Floor

New
York, N.Y. 10018

 

		(b)	if to the Custodian,
to

 

TD
Bank, N.A.

324
South Service Road 

Melville,
New York 11747

Attention:
John Topolovec 

   Vice
President

 

		16.	CHOICE
                                         OF LAW AND JURISDICTION

 

This
Agreement shall be construed, and the provisions thereof interpreted under and in accordance with and governed by the laws of New
York for all purposes (without regard to its choice of law provisions); except to the extent such laws are inconsistent with federal
securities laws, including the 1940 Act.

 

		17.	ENTIRE
                                         AGREEMENT; COUNTERPARTS

 

17.1        Complete
Agreement. This Agreement constitutes the complete and exclusive agreement of the parties with regard to the matters addressed
herein and supersedes and terminates as of the date hereof, all prior agreements, agreements or understandings, oral or written
between the parties to this Agreement relating to such matters.

 

17.2        Counterparts.
This Agreement may be executed in any number of counterparts and all counterparts taken together shall constitute one and the same
instrument.

 

17.3        Facsimile
Signatures. The exchange of copies of this Agreement and of signature pages by facsimile transmission shall constitute effective
execution and delivery of this Agreement as to the parties and may be used in lieu of the original Agreement for all purposes.
Signatures of the parties transmitted by facsimile shall be deemed to be their original signatures for all purposes.

 

		18.	AMENDMENT;
                                         WAIVER

 

18.1        Amendment.
This Agreement may not be amended except by an express written instrument duly executed by each of the Company and the Custodian.

 

     13

     

    

  

18.2        Waiver.
In no instance shall any delay or failure to act be deemed to be or effective as a waiver of any right, power or term hereunder,
unless and except to the extent such waiver is set forth in an expressly written instrument signed by the party against whom it
is to be charged.

 

		19.	SUCCESSOR
AND ASSIGNS

 

19.1        Successors
Bound. The covenants and agreements set forth herein shall be binding upon and inure to the benefit of each of the parties and
their respective successors and permitted assigns. Neither party shall be permitted to assign their rights under this Agreement
without the written consent of the other party; provided, however, that the foregoing shall not limit the ability of the Custodian
to delegate certain duties or services to or perform them through agents or attorneys appointed with due care as expressly provided
in this Agreement.

 

19.2        Merger
and Consolidation. Any corporation or association into which the Custodian may be merged or converted or with which it may be consolidated,
or any corporation or association resulting from any merger, conversion or consolidation to which the Custodian shall be a party,
or any corporation or association to which the Custodian transfers all or substantially all of its business, shall be the successor
of the Custodian hereunder, and shall succeed to all of the rights, powers and duties of the Custodian hereunder, without the execution
or filing of any paper or any further act on the part of any of the parties hereto.

 

		20.	SEVERABILITY

 

The
terms of this Agreement are hereby declared to be severable, such that if any term hereof is determined to be invalid or unenforceable,
such determination shall not affect the remaining terms.

 

		21.	INSTRUMENT
UNDER SEAL: HEADINGS

 

This
Agreement is intended to take effect as, and shall be deemed to be, an instrument under seal.

 

		22.	REQUEST
FOR INSTRUCTIONS

 

If,
in performing its duties under this Agreement, the Custodian is required to decide between alternative courses of action, the Custodian
may (but shall not be obliged to) request written instructions from the Company as to the course of action desired by it. If the
Custodian does not receive such instructions within two (2) days after it has requested them, the Custodian may, but shall be under
no duty to, take or refrain from taking any such courses of action. The Custodian shall act in accordance with instructions received
from the Company in response to such request after such two-day period except to the extent it has already taken, or committed
itself to take, action inconsistent with such instructions.

 

     14

     

    

  

		23.	OTHER
                                         BUSINESS

 

Nothing
herein shall prevent the Custodian or any of its affiliates from engaging in other business, or from entering into any other transaction
or financial or other relationship with, or receiving fees from or from rendering services of any kind to the Company or any other
Person. Nothing contained in this Agreement shall constitute the Company and/or the Custodian (and/or any other Person) as members
of any partnership, joint venture, association, syndicate, unincorporated business or similar assignment as a result of or by virtue
of the engagement or relationship established by this Agreement.

 

		24.	REPRODUCTION
                                         OF DOCUMENTS

 

This
Agreement and all schedules, exhibits, attachments and amendment hereto may be reproduced by any photographic, photostatic, microfilm,
micro-card, miniature photographic or other similar process. The parties hereto each agree that any such reproduction shall be
admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in existence
and whether or not such reproduction was made by a party in the regular course of business, and that any enlargement, facsimile
or further production shall likewise be admissible in evidence.

 

[PAGE
INTENTIONALLY ENDS HERE. SIGNATURES APPEAR ON NEXT PAGE.]

 

     15

     

    

  

IN
WITNESS WHEREOF, each of the parties has caused this Agreement to be executed and delivered by a duly authorized officer, intending
the same to take effect as of the 24th day of February, 2011.

 

	Witness:	 	Harris & Harris Group, Inc.
	 	 	 
	/s/ Douglas
    W. Jamison	 	By:	/s/ Daniel B. Wolfe
	Name: Douglas W. Jamison	 	 	Name: Daniel B. Wolfe 
	Title:
    Chairman & CEO	 	 	Title: President
	 	 	 
	Witness:	 	TD Bank, N.A.
	 	 	 
	/s/ Robert Ehrlich	 	By:	/s/ John Topolovec
	Name: Robert Ehrlich	 	 	Name: John Topolovec
	Title: Vice President	 	 	Title: Vice President

 

     16

     

    

 

SCHEDULE
A

 

Any
of the following persons (each acting singly) shall be an Authorized Person (as this list may subsequently be modified by the Company
from time to time by written notice to the Custodian):

 

	NAME	 	TITLE
	Douglas W. Jamison	 	Chief Executive Officer
	Daniel B. Wolfe	 	President, Chief Financial Officer
	Patricia N. Egan	 	Vice President and Chief Accounting Officer
	Mary P. Brady	 	Vice President and Controller
	Sandra M. Forman	 	General Counsel, Chief Compliance Officer and Corporate Secretary

 

     

     

    

  

EXHIBIT
A

 

Business
Deposit Account Agreement

 

     

     

    

  

 

	General
    Information	 
	1-888-751-9000	 
	www.tdbank.com	 

 

		 	
	America's
    Most Convenient Bank®	 	America's
    Most Convenient Bank®

 

	    ©
    2009 TD Bank, N.A.	62-7350 (09/09) RET

 

     

     

    

  

This
is an important document. It contains the contract governing your deposit relationship with the Bank and required legal disclosures.
Please have it translated.

 

 

     

     

    

  

WELCOME
TO ID BANK, AMERICA'S MOST CONVENIENT BANK®

 

We
are pleased to offer you this Business Deposit Account Agreement ("Agreement") that governs the terms and conditions
of your business deposit account(s) with us. This Agreement consists of Parts l-IV below, as well as the Rate Sheet(s), Fee Schedule(s),
and Schedule of Charges published by the Bank from time to time. This Agreement provides you with information you will want to
know about your business deposit account(s). If you have any questions, or would like to learn more about our business deposit
account products and services, please contact any of our Stores or call us at 1-888-751-9000. We will be happy to assist
you.

 

	TOPIC	STARTS AT PAGE #
	 	 
	PART 1:	 
	Business Deposit Account Terms and Conditions	4
	 	 
	PART II:	 
	Account Maintenance Information	28
	 	 
	PART III:	 
	Funds Availability Policy	29
	 	 
	PART IV:	 
	Electronic Funds Transfers	32

 

     3

     

    

  

DEFINITIONS:

 

Throughout
this Agreement, unless otherwise indicated, the following words have the meanings given to them below.

 

		a)	"Account"
means your Business Checking Account, Savings Account, Money Market Account and/or CD Account with us, as applicable, unless limited
by the heading under which it appears.

 

		b)	"Business
Day" means every day, except Saturdays, Sundays, and federal holidays.

 

		c)	"Calendar
Day" means every day, including Saturdays, Sundays, and federal holidays.

 

		d)	"Bank,"
"we," "us," "our" and "TD Bank" refer to TD Bank, N.A.

 

		e)	"You"
and "your" mean each depositor who opens an Account, and any joint owner of each Account.

 

		f)	"Store"
means a branch office.

 

PART
I: BUSINESS DEPOSIT ACCOUNT TERMS AND CONDITIONS

 

By
opening and maintaining an Account with the Bank, you agree to the provisions of this Agreement, so you should read this Agreement
thoroughly and keep it with other important records. From time to time, we may offer new types of Accounts and may cease offering
some types of Accounts. This Agreement governs all of these new types of Accounts, and continues to govern any Accounts you may
have that we no longer offer. If and to the extent the provisions of this Agreement vary from the provisions of the Uniform Commercial
Code as adopted in the jurisdiction where your Account was opened, the provisions of this Agreement shall control. This Agreement
includes your promise to pay the charges listed on the Fee Schedule and Schedule of Charges and your permission for us to deduct
these charges, as earned, directly from your Account.

 

You
also agree to pay any additional reasonable charges we may impose for services you request which are not contemplated by this Agreement
but are disclosed in our Fee Schedule(s) which may be amended from time to time. Each of you agrees to be jointly and severally
liable for any Account deficit resulting from charges or overdrafts, whether caused by you or another authorized to withdraw from
your Account, together with the costs we incur to collect the deficit, including, to the extent permitted by law, our reasonable
attorneys' fees.

 

You
agree to use the Account only for lawful purposes. You agree that you will not use the Account for any unlawful or illegal purposes.
This includes transactions on the Internet that involve unlawful gambling of any sort Such transactions include, but are not limited
to, online gambling, and any betting transaction including the unlawful purchase of lottery tickets, casino chips, or off-track
betting and wagering. We reserve the right to block all such transactions. However, in the event that a charge or transaction described
in this disclosure is approved and processed, you will still be liable for the charge.

 

     4

     

    

  

IMPORTANT
INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

 

To
help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions
to obtain, verify and record information that identifies each person who opens an account. When you open an Account, we will ask
for your name, legal address, date of birth, social security or tax identification number, and other information that will allow
us to identify you. We may also ask to see your driver's license or any other identifying documents.

 

INTEREST
BEARING CHECKING ACCOUNTS

 

Interest
bearing Checking Accounts may be opened and maintained only by individuals and certain eligible associations and business entities,
such as non-profit corporations, associations, and sole proprietors. We may close your Checking Account or convert it to a non-interest
bearing Checking Account if you are not an eligible association or business entity.

 

AUTHORIZED
SIGNERS

 

You
agree to give us certified copies of resolutions from your board of directors or other governing body, if any, or other certificate
or evidence of authority satisfactory to us which specifically authorizes certain persons to take certain actions with respect
to any of your Accounts, including, without limitation, signing, accepting, or endorsing checks, notes, bills, drafts, or other
instruments drawn or deposited to your Accounts, or otherwise transferring funds to or from your Accounts ("Authorized Signers").
Such resolutions or other certificates of evidence of authority must set forth the name and title of each Authorized Signer, and
must be in a form and substance satisfactory to us. Until properly notified in writing of any change in such authorization and
we have had a reasonable period of time to act upon such notice, we may pay, apply, or otherwise honor and charge your Account,
without inquiry, without limit as to amount, and without regard to the application of the proceeds thereof (even if drawn or endorsed
to the order of any Authorized Signer or other person signing the same, and/or tendered by such person for cashing, in payment
of the individual obligation of such person, and/or for deposit to such person's personal account), for all instruments or orders
for payment or transfer of money for whatever purpose.

 

     5

     

    

  

To
the fullest extent permitted by applicable law, you hereby waive demand, presentment protest, notice of protest or dishonor, and
all other notices relating to any instrument made, drawn, or endorsed in your name, when such instrument is signed, accepted or
endorsed by an Authorized Signer. You must notify us immediately and in writing of any change in the status of any Authorized Signers.
We may ask you to give us additional documentation. No action taken by us before we receive proper notification in writing of any
such change shall be affected by any such notice. You agree to send any such written notice to the Store where you opened your
Account.

 

NO
TWO-SIGNER ACCOUNTS

 

We
do not offer accounts on which two or more signatures are required for a check or other withdrawal. Notwithstanding any provisions
to the contrary on any signature card or other agreement you have with us, you agree that if any Account purports to require two
or more signers on items drawn on or withdrawals from the Account, such provision is solely for your internal control purposes
and is not binding on us. If more than one person is authorized to write checks or draw items on your Account, you agree that we
can honor checks signed by any Authorized Signer, even if there are two or more lines on the items for your signature and two signatures
are required.

 

JOINT
ACCOUNTS

 

		a)	Each of You
Can Control the Account. If more than one of you opens an Account and signs a signature card or other documentation as an owner
of the Account (other than persons signing as Authorized Signers for the same principal), the Account will be a joint Account.
All of you are considered "joint tenants" of your Account, This means that each of you can control your Account as if
you were the only Account owner, including the right to withdraw all the funds and close your Account.

 

		b)	Joint and
Several Liability. Your liability as an owner of a joint Account is joint and several. This means that we can enforce this
Agreement against any one of you, some of you, or all of you. This also means that we can look for repayment of any amount owed
us as a result of any withdrawal, transfer or any other transaction made in connection with your joint Account from any one of
you, some of you, or all of you.

 

		c)	Signatures
and Endorsements. Each of you, as an owner of a joint Account, guarantees that the signatures of (i) all other Account owners,
and/or (ii) the Authorized Signers for the other Account owners are genuine. Each of you agrees to give us any missing endorsement(s)
of any other Account owner(s) or the Authorized Signer(s) for the other Account owner(s) when we ask you.

 

		d)	Deposits to
Your Account. All deposits to your joint Account will become the property of each of you. Each of you agrees that we may credit
to the joint Account any check or other item that is payable to the order of any one or more of you, even if the check or other
item is endorsed by less than all or by none of you. When this credit is final, it will be considered by you and by us to be full
payment of the check or other item to each Account owner named as payee.

 

     6

     

    

 

		e)	Withdrawals
                                         from Your Account. Subject to the terms of this Agreement, we will pay checks and
                                         other items drawn, and honor withdrawal requests made, by any of you. We may also follow
                                         instructions about your Account from any one of you. We may do any of these things without
                                         liability to the other Account owners. We may be required by service of legal process
                                         to hold or remit funds held in a joint Account to satisfy an attachment or judgment entered
                                         against, or other valid debt incurred by, any owner of the Account

 

		f)	Right
                                         of Survivorship. Except as otherwise provided by applicable law, if an Account owner
                                         is a natural person and dies, or is an entity and ceases to exist, (i) the Account will
                                         belong to each surviving Account owner, and (ii) we may pay checks and honor withdrawal
                                         requests from any surviving Account owner.

 

		g)	You
                                         May Ask Us to Restrict Your Account. If any one of you does not want us to pay checks
                                         or otherwise release funds from your Account, we may ask that Account owner to give us
                                         documentation before we comply with that request We may ask all joint Account owners
                                         to give us a written authorization before we resume paying checks or releasing funds
                                         from your Account.

 

IOLTA,
IOTA AND IOLA ACCOUNTS

 

Interest
earned on IOLTA, IOTA and IOLA Accounts (or similar lawyer trust accounts) is directed to the designated IOLTA, IOTA or IOLA Committee
or bar foundation, as applicable. If you establish one of these types of Accounts, you agree to comply with all of the applicable
laws for such Accounts.

 

IOREBTA
ACCOUNTS

 

Interest
earned on IOREBTA Accounts (or similar realtor trust accounts) is directed to the Realtors Affordable Housing Fund, as applicable,
to support grants to provide housing to under-privileged individuals and families. The interest from this Account will aid housing
and shelter programs within a particular jurisdiction. If you establish these types of Accounts, you agree to comply with all of
the applicable laws for such Accounts.

 

DEPOSIT
POLICY

 

We
will usually give you provisional credit for items deposited into your Account. However, we may delay or refuse to give you
provisional credit if we believe in our discretion that your item will not be paid. We will reverse any provisional credit we
have given for an item deposited into your Account if we do not receive final credit for that item and charge you
a fee (see Fee Schedule).
If the reversal of a provisional credit creates an overdraft in your Account, you will owe us the amount of the overdraft,
plus any overdraft fees (see Fee Schedule). We will determine when final credit is received for any item. Please read the
Funds Availability Policy for a detailed discussion of how and when we make funds available to you.

 

     7

     

    

 

We
will accept certain items like foreign checks and bond coupons for collection only. You may also ask us to accept certain other
items for collection only. You will not receive credit for (provisional or otherwise), and may not withdraw funds against, any
of these items until we receive final credit from the person responsible for paying them. Items sent for collection will be credited
to your Account in U.S. dollars, with the amount of U.S. dollars credited calculated using our applicable exchange rate that is
in effect on the date when we credit the funds to your Account and not when the deposit is made. The Funds Availability Policy
does not apply to items we have accepted for collection only. If and when we receive final credit for an item we have accepted
for collection only, you agree that we may subtract our collection fee (see Fee Schedule) from the amount finally credited to us,
before we credit your Account for the remaining amount.

 

RETURNED
CHECKS/WAIVER OF RIGHTS

 

If
you deposit a check or item in your Account that the drawee bank returns unpaid for any reason (called "dishonor"), we
may put the check or item through for collection again. This means that you are waiving your right to receive immediate notice
of dishonor. If the check or item is dishonored for any reason, the amount of the dishonored check or item will be deducted from
your Account. You agree to pay the Bank a fee for any such check or item that is dishonored (see Fee Schedule). The Bank may also
collect any amounts due to the Bank because of returned checks, through the right of set-off, from any other of your Accounts at
the Bank, or collect the funds directly from you.

 

CASHING
OF CHECKS

 

Typically,
the Bank will cash checks drawn on other banks for its customers who have adequate available funds in their Account(s). If any
such check should be returned by the paying bank for any reason, the Bank will charge you a fee (see Fee Schedule). In addition,
the Bank will debit the amount of the returned check from your Account(s). If the debit creates an overdraft in your Account, you
will owe us the amount of the overdraft plus any overdraft fees (see Fee Schedule).

 

     8

     

    

  

WITHDRAWAL
POLICY

 

Business
Passbook Account (if available in your jurisdiction) withdrawals can be made by an authorized signer only upon presentation of
the passbook either in person or accompanied
by a
written order of withdrawal. If you lose the passbook, we require that a Lost
Passbook Affidavit be signed by ALL persons named on the Account before a notary public Statement Savings Account withdrawals
can be made per written order of withdrawal in accordance with the information contained on the signature card, corporate resolution
or other relevant document accepted by the Bank, and may also be made with an ATM or Visa® Debit Card, as applicable.
The Bank may refuse a request if any document or identification required by the Bank or law in connection with the withdrawal
has not been presented.

 

The
Bank reserves the right to require seven (7) Calendar Days written notice prior to withdrawal or transfer of funds from all Savings
or Money Market Accounts offered by the Bank.

 

For
any Statement Savings Account(s) (including Money Market Accounts), you may make as many in-person withdrawals at a teller window
or any ATM as you wish. However, federal regulations permit the depositor to make no more than a combined total of six (6) pre-authorized,
automatic, electronic (including computer initiated), telephone withdrawals or transfers, or by check, draft, debit card, or similar
order payable to third parties in any statement cycle. Repeated violations will result in the Account being closed or changed from
a savings type Account to a transaction Account.

 

DEMAND
DEPOSIT ACCOUNTS AND SUB-ACCOUNTS

 

All
Checking Accounts consist of two separate sub-accounts: a transaction sub-account and a non-transaction sub-account Whenever your
transaction sub-account balance exceeds a certain level (which we may set and change at our discretion without notice to you),
funds above that level may be transferred from the transaction sub-account to the non-transaction sub-account at the Bank's discretion,
as often as once each day. All of your Checking Account transactions are posted to the transaction sub-account. Balances transferred
to the non-transaction sub-account are transferred back to the transaction sub-account to meet these transactional needs, so there
is no adverse impact on the availability of the balances held in your Checking Account. In accordance with federal limitations,
no more than six (6) transfers from the non-transaction sub-account can occur during any statement cycle. Therefore, if a sixth
transfer is needed, we will return all balances to the transaction sub-account for the remainder of the statement cycle.

 

These
sub-accounts are treated as a single Checking Account for purposes of deposits and withdrawals, access and information, statement
reporting, and any fees or charges. There are no separate or additional balance requirements, fees, or charges associated with
the creation of these sub-accounts. If your Checking Account is a non-interest bearing
Account, neither the transaction sub-account nor the non-transaction sub-account receives any interest. If your Checking Account
is an interest-bearing Checking Account, both the transaction sub-account and the non-transaction sub-account receive the same
interest rate at all times, and your periodic statement will reflect a single blended Annual Percentage Yield ("APY")
and APY Earned.

 

     9

     

    

 

In
accordance with federal regulations, we reserve the right to require seven (7) Calendar Days' advance notice of withdrawals from
interest-bearing transaction sub-accounts and all non-transaction sub-accounts. While the Bank is required to reserve this right
the Bank does not presently exercise this right.

 

STOP PAYMENTS

 

At
your request and risk, the Bank will accept a stop payment request for a check drawn on your Account for a fee (see Fee Schedule).
To be effective, a stop payment request must be received in such timely manner so as to give the Bank a reasonable opportunity
to act on it, and must precisely identify the Account number, check number, date and amount of the item, and the payee.

 

Your
stop payment request will be effective after the request has been received by the Bank and the Bank has had a reasonable opportunity
to act on it. Regardless of whether your stop payment request has been made orally or in writing, it will remain in effect for one
(1) year from the date it was given. If your stop payment request has been made orally, the Bank will send you a written confirmation.
If your stop payment request is made in writing, you must use a form that is supplied by the Bank; this form will constitute written
confirmation of your request. In either case, it is your responsibility to ensure that all of the information applied on your written
confirmation is correct and to promptly inform the Bank of any inaccuracies.

 

To
maintain the validity of the stop payment request for more than one (1) year, you must furnish a new stop payment request that
is confirmed in writing as described in the preceding paragraph before the expiration of the one (1) year period. If a new stop
payment request is not received, the check may be paid.

 

We
are not liable for failing to stop payment if you have not given us sufficient information or if your stop payment request comes
too late for us to act on it We are entitled to a reasonable period of time after we receive your stop payment request to notify
our employees and take other action needed to stop payment.

 

You
agree that "reasonable time" depends on the circumstances, but that we will have acted within a reasonable amount of
time if we make your stop payment request effective by the end of the next Business Day following the Business Day on which we
receive your stop payment request. If we stop payment, you agree to defend and pay any claims raised against us as a result of our
refusal to pay the check or other item on which you stopped payment.

 

     10

     

    

 

If
we recredit your Account after we have paid a check or other item over a valid and timely stop order, you agree to sign a statement
describing the dispute you have with the person to whom the check or item was made payable. You also agree to transfer to us all
of your rights against the payee and any other holder, endorser or prior transferee of the check or item and to cooperate with
us in any legal action taken to collect against the other person(s). If we are liable for inadvertently paying your check over
a stop payment order, you must establish the amount of your loss caused by our payment of the check. We will pay you only the amount
of the loss, up to the face amount of the check. You agree that we shall not be liable for any punitive, exemplary or consequential
damages.

 

The
Bank has no duty to stop payment on a cashier's check, teller's check or other similar item because items of this type are not
drawn on your Account. The Bank may, in its sole discretion, attempt to stop payment on a cashier's check, teller's check or other
similar item if you certify to our satisfaction that the item has been lost, stolen or destroyed. You must also furnish any other
documents or information we may require, which may include your affidavit attesting to the facts and your indemnification of the
Bank. Even if the Bank agrees to attempt to stop payment on a cashier's check, teller's check or other similar item, if the item
is presented for payment, the Bank may pay it and you will be liable to us for that item, unless otherwise required by applicable
law.

 

INTERNATIONAL ACH TRANSACTIONS

 

If
your Account receives incoming ACH transactions (either credits or debits) or wire transfers initiated from outside of the United
States, both you and we are subject to the Operating Rules and Guidelines of the National Automated Clearing House Association
("NACHA") or the rules of any wire transfer system involved, and the laws enforced by the Office of Foreign Assets Control
("OFAC"). Under such rules and laws, we may temporarily suspend processing of a transaction for greater scrutiny or verification
against the OFAC list of blocked parties, which may result in delayed settlement, posting and/or availability of funds. If we determine
there is a violation, or if we cannot satisfactorily resolve a suspected or potential violation, the subject funds will be blocked
as required by law. If you believe you have adequate grounds to seek the return of any blocked funds, it is your sole responsibility
to pursue the matter with the appropriate governmental authorities. Please see the OFAC website for procedures and form required
to seek a release of blocked funds.

 

     11

     

    

 

CREDIT VERIFICATION AND OBTAINING FINANCIAL INFORMATION

 

You
agree that we may verify credit information about you, as well as credit and employment history about any individual (such as your
principals, owners or guarantors) who is liable for your obligations under this Agreement, through third parties, including but
not limited to consumer reporting agencies, or verify any of your or their previous banking relationships for any Accounts you
have with the Bank now or in the future. By signing the signature card for your Account, or other written authorization, each
such individual authorizes the Bank to obtain such credit and employment information about him or her.

 

CERTIFIED TAXPAYER IDENTIFICATION NUMBER ("TIN")

 

Federal
law requires you to provide to the Bank a valid and certified Taxpayer Identification Number ("TIN"). We may be required
by federal or state law to withhold a portion of the interest credited to your Account in the following circumstances:

 

		a)	you do not give us a correct TIN;

 

		b)	the IRS tells us that you gave us an incorrect TIN;

 

		c)	the IRS tells you that you are subject to backup withholding because you have under-reported your
interest or other income;

 

		d)	you fail to certify to us that you are not subject to backup withholding;

 

		e)	you do not certify your TIN to us; or

 

		f)	there may be other reasons why we may be required to do
so under applicable law.

 

If
we do this, the amount we withhold will be reported to you and the IRS and applied by the IRS to the payment of any federal income
tax you may owe for that year.

 

ACCOUNT STATEMENTS; LIMITATION ON TIME TO REPORT FORGERIES AND
ERRORS

 

If
your Account is not a Passbook or CD Account, the Bank will provide you with a periodic statement Unless you tell us of a change
of address, we will continue to mail statements or any other notices to your address as it appears on our records, and you will
be considered to have received those statements and any other notices sent to you at that address. We do not have to send you a
statement or notice if (i) you do not claim your statement (ii) we cannot deliver your statement or notice because of your instructions
or your failure to tell us that you have changed your address, or (iii) we determine that your Account has been inactive for a
reasonable period of time.

 

     12

     

    

 

You
should review your statements and balance your Account promptly after you receive them or, if we are holding them for you, promptly
after we make them available to you. If you don't receive an Account statement by the date when you usually receive it, call us
at once. You must review your statements to make sure that there are no errors in the Account information.

 

On
Accounts with check-writing privileges, you must review your statement and imaged copies of paid checks, if any, we send you and
report forgeries, alterations, missing signatures, amounts differing from your records, or other information that might lead you
to conclude that the check was forged or that, when we paid the check, the proper amount was not paid to the proper person. You
have this duty even if we do not return checks to you or we return only an image of the check. You should notify us as soon as
possible if you think there is a problem.

 

Applicable
law and this Agreement require you to discover and report any error in payment of a check within specified time periods. You agree
that statements and any images of paid checks accompanying the statement shall be deemed to be "available" to you as
of the statement mailing date. If we are holding your Account statements for you at your request, the statements become "available"
on the day they are available for you to pick up. This means for example, that the period in which you must report any problem
with an Account begins on the day we make the statement available, even if you do not pick up the statement until later.

 

If
you assert against us a claim that an item was not properly payable because, for example, the item was forged, you must cooperate
with us and assist us in seeking criminal and civil penalties against the person responsible. You must file reports and complaints
with the appropriate law enforcement authorities. If we ask, you also must give us a statement, under oath, about the facts and
circumstances relating to your claim. If you fail or refuse to do these things, we will consider that you have ratified the defect
in the item and agree that we may charge the full amount of the item to your Account.

 

You must notify us as soon as possible if you believe
there is an error, forgery or other problem with the information shown on your Account statement. You agree that fourteen (14)
Calendar Days after we mailed a statement (or otherwise made it available to you) is a reasonable amount of time for you to review
your Account statement and report any errors, forgeries or other problems. In addition, you agree not to assert a claim against
us concerning any error, forgery or other problem relating to a matter shown on an Account statement unless you notified us of
the error, forgery or other problem within thirty (30) Calendar Days after we mailed you the statement (or otherwise made it available
to you). This means, for example, that you cannot bring a lawsuit against us, even if we are at fault, for paying checks bearing
a forgery of your signature unless you reported the forgery within thirty (30) Calendar Days after we mailed you the statement
(or otherwise made it available to you) listing the check we paid.

 

     13

     

    

 

We
may destroy original checks not less than thirty (30) Calendar Days after the statement mailing date. We will retain copies of
the front and back of the checks on microfilm or other media for a period of seven (7) years. During that period, we will provide
you an imaged copy of any paid check on request, but we need not do so thereafter. You agree not to make any claim against us arising
out of the authorized destruction of your original checks or the clarity or legibility of any copy we provide.

 

CHECKS

 

All
negotiable paper (called "checks") presented for payment must be in a form supplied by or previously approved by the
Bank. The Bank may refuse to accept any check that does not meet this requirement or which is incompletely or defectively drawn.
Once an outstanding check is six (6) months old, we may elect not to pay it. But if there is no stop payment order on file when
we receive the check for payment, we may elect to pay it in good faith without consulting you.

 

You
agree that you will use care in safeguarding your unsigned checks against loss or theft. You will tell us immediately if any checks
are missing. You agree to assume all losses that could have been prevented if you had safeguarded unsigned checks, or had told
us they were missing.

 

OVERDRAFTS

 

An
overdraft is an advance of funds greater than the amount that has become available in accordance with the Bank's Funds Availability
Policy, made by us to you, at our sole discretion. Overdrafts include advances to cover a check, in-person withdrawal, ATM withdrawal,
or a withdrawal by other electronic means from your Account. We may demand immediate repayment of any overdraft and charge you an
overdraft fee (see Fee Schedule).

 

You
agree to pay us, when we ask you, all of our costs of collecting an overdraft to the fullest extent permitted by law. These costs
include, but are not limited to, our legal fees and expenses. If more than one of you owns an Account each of you will be responsible
for paying us the entire amount of all overdrafts and obligations resulting from the overdrafts.

 

We
do not have to allow you to make an overdraft. Intentionally withdrawing funds from an Account when there are not enough funds
in the Account to cover the withdrawal or when the funds are not yet available for withdrawal may be a crime.

 

     14

     

    

 

SUSTAINED FEE FOR OVERDRAWN ACCOUNTS

 

We
may charge you a fee, as disclosed in the Fee Schedule, for any Checking Account that remains in overdrawn status for ten (10)
consecutive Business Days. We will notify you if your Checking Account is in overdrawn status. If your Checking Account is in overdrawn
status because of an overdraft, check returned for insufficient funds or for any other reason and the Account remains in overdrawn
status for ten (10) consecutive Business Days, we may charge the fee. If you have overdraft protection and you have exceeded your
limit and the Checking Account remains in overdrawn status for ten (10) consecutive Business Days, we may charge the fee.

 

If
the Checking Account remains in overdrawn status for sixty (60) Calendar Days, or such earlier time that we determine that the
overdraft balance is uncollectible, the Bank will close and place the Checking Account in collection status.

 

PAYMENT OF CHECKS AND ITEM PROCESSING ORDERS

 

We
may accept, pay, or charge to the appropriate Account checks and other items in any order we choose. An "item" includes
a check, substitute check, purported substitute check, electronic item or transaction, draft, demand draft, remotely created item,
image replacement document, indemnified copy, ATM withdrawal or transfer, point-of-sale transaction, pre-authorized payment, automatic
transfer, telephone-initiated transfer, ACH transactions, online banking transfer or bill payment instruction, withdrawal slip,
in-person transfer or withdrawal, cash ticket, deposit adjustment, any other instruction or order for the payment, transfer or
withdrawal of funds and an image or photocopy of any of the foregoing.

 

We
may establish different processing orders for checks and other items. We may establish categories for checks and other items. We
may establish a processing priority for each category. For example, we may treat ATM withdrawals and loan payments as one category
and checks as another category and then process ATM withdrawals and loan payments before checks. Within each category, we may process
checks and other items in any order we choose. Methods available to the Bank for processing checks and other items for payment
include, but are not limited to, by dollar amount from highest to lowest, by number or by date. We may in our sole discretion change
our priorities, categories, or orders at any time without notice to you. Even if we provisionally post checks and other items to
your Account during any Business Day, we may treat them as if we received all of them at the end of that Business Day and process
them in any order we choose.

 

     15

     

    

 

When
you use a debit card, Automated Teller Machine (ATM) card, or other electronic means to make deposits or withdrawals, we may receive
notice of the transaction before it is actually presented to us for payment, collection, or deposit. That notice may be in the
form of a merchant authorization request or other electronic inquiry. Upon receipt of such notice, we may treat the transaction
as pending at the time we receive notice. We may consider such pending transactions for the purpose of determining the amount of
funds in your account to be used to pay other items presented against your account. We may conclusively rely on that notice even
if the notice incorrectly describes the transaction. If the transaction is not settled within our established time period after
reviewing the notice (3 Business Days), we will release the pending transaction.

 

When
you do not have enough funds in your account to cover ail of the checks and other items presented that Business Day, some processing
orders may result in more insufficient funds items and more fees than others. We may choose our processing orders in our sole discretion
and without notice to you, regardless of whether additional fees may result.

 

We
may refuse, in our discretion, to pay a check or other item which:

 

		a)	is illegible;

 

		b)	is drawn in an amount greater than the amount of funds then available for withdrawal in your Account
(see the Funds Availability Policy) or which would, if paid, create an overdraft;

 

		c)	bears a duplicate check number;

 

		d)	we believe has been altered;

 

		e)	we believe is otherwise not properly payable, or;

 

		f)	we believe does not bear an authorized signature.

 

We
are not required to honor any restrictive legend on checks you write unless we have agreed in writing to the restriction. Examples
of restrictive legends are "Not Valid For More Than $1,000," "Void If Not Negotiated Within 30 Days of Issuance,"
and the like.

 

POSTDATED ITEMS

 

You
agree that when you write a check you will not date the check in the future. If you do and the check is presented for payment before
the date of the check, we may either pay it or return it unpaid. You agree that if we pay the check, the check will be posted to
your Account on the day we pay the check. You further agree that we are not responsible for any loss to you in doing so.

 

PRE-AUTHORIZED DRAFTS

 

If
you voluntarily give information about your Account (such as our routing number and your Account number) to a party who is seeking
to sell you goods or services, and you do not physically deliver a check to the party, any debit to your Account initiated by the
party to whom you gave the information is deemed authorized by you.

 

     16

     

    

 

POWER
OF ATTORNEY

 

We
may, in our sole discretion (unless we are required by law to recognize a statutory form of power of attorney), recognize the authority
of a person to whom you have given a power of attorney to enter into transactions relating to your Account, until and unless we
receive written notice or we have actual notice of the revocation of such power of attorney. However, you must show us an original
copy or certified copy of the power of attorney, properly notarized, and any other documentation we may ask for from time to time.
The power of attorney and all other documents must be in a form satisfactory to the Bank. We will not be liable for damages or
penalty by reason of any payment made to or at the direction of a person holding a power of attorney.

 

ADVERSE
CLAIMS; INTERPLEADER; LEGAL
PROCESS

 

We
need not honor any claim against or involving an Account unless we are required to do so by order of a court or government agency
that has jurisdiction over us, or pursuant to applicable law. This rule applies to any person asserting any rights or interest
regarding an Account, including you and other persons who are authorized to make withdrawals or write checks or who present a power
of attorney signed by you.

 

If
we receive notice of any claim or dispute or of any legal proceeding we reasonably believe involves you or any of your Accounts,
in our discretion we may suspend transactions on any Account which we believe to be affected until final determination of the claim
or proceeding. We may place a hold on any funds in the Account and suspend transactions whether the affected Account is in your
name alone or is a joint Account. An Account may be suspended even though the suspension may have been due to inadvertence, error
because of similarity of the names of depositors, or other mistake.

 

You
agree that we may comply with any state or federal legal process, including, without limitation, any writ of attachment, adverse
claim, execution, garnishment, tax levy, restraining order, subpoena or warrant relating to you or your Account which we believe
to be valid, without any liability from us to you. You agree that if we are served with legal process at any of our Stores or offices,
we may comply with it, even if it is served at a location other than where your Account was opened. Further, you agree that we
may comply with such process as we deem appropriate under the circumstances even if the legal process or document appears to affect
the interest of only one owner of a joint Account. In such case, we may refuse to permit withdrawals or transfers from your Account
until such legal process is satisfied or dismissed even if such action results in insufficient funds to pay a check you have written
or otherwise satisfy an obligation you may have incurred.

 

     17

     

    

 

You
agree that we are entitled to a processing fee, for which you are liable to us, upon receipt of any legal process. We may deduct
such fee, as well as any expenses, including without limitation attorneys' fees, in connection with any such document or legal
process, from your Account or any other Account you may have with us without prior notice to you, or we may bill you directly for
such expenses and fees. Any garnishment, attachment or other levy against your Account shall be subject to our right of set-off
and security interest.

 

You
agree that we will not pay and you shall not be entitled to receive interest on any funds we hold or set aside in connection with
or in response to legal process. Finally, you agree that we may accept and comply with legal process, irrespective of how and/or
where it was received even if the law requires any particular method of service.

 

You
agree to indemnify us against all losses, costs, attorneys' fees, and any other liabilities that we incur by reason of responding
to or initiating any legal action, including any interpleader action we commence involving you or your Account. As part of that
indemnity, in the event we incur liability to a creditor of yours as a result of our response or failure to respond to a legal
action, you agree to pay us on demand the amount of our liability to your creditor and to reimburse us for any expense, attorneys'
fees, or other costs we may incur in collecting the amount from you.

 

We
may, in our sole discretion and without any liability to you, initiate an action in interpleader to determine the rights of the
persons making adverse claims to your Account. We may exercise this right regardless of whether the persons making the adverse
claims have complied with all statutory requirements pertaining to adverse claims, such as posting a bond or giving other surety.
Upon initiation of an interpleader action, we will be relieved and discharged of all further duties and obligations.

 

LIMITED
LIABILITY

 

UNLESS
EXPRESSLY PROHIBITED OR OTHERWISE RESTRICTED BY APPLICABLE LAW, THIS AGREEMENT, OR THE ELECTRONIC FUNDS TRANSFERS DISCLOSURE, THE
BANK'S LIABILITY IS LIMITED AS FOLLOWS: THE BANK WILL NOT BE LIABLE TO YOU FOR PERFORMING OR FAILING TO PERFORM OUR SERVICES UNDER
OR IN CONNECTION WITH THIS AGREEMENT UNLESS WE HAVE ACTED IN BAD FAITH. WITHOUT LIMITING THE ABOVE, THE BANK WILL NOT BE LIABLE
FOR DELAYS OR MISTAKES WHICH HAPPEN BECAUSE OF REASONS BEYOND OUR CONTROL, INCLUDING, BUT NOT LIMITED TO, ACTS OF BANKING AUTHORITIES,
NATIONAL EMERGENCIES, ACTS OF GOD, FAILURE OF TRANSPORTATION, COMMUNICATION OR POWER SUPPLY, OR MALFUNCTION OF OR UNAVOIDABLE

 

     18

     

    

 

DIFFICULTIES
WITH THE BANK'S EQUIPMENT. SHOULD A COURT ESTABLISH THE BANK'S LIABILITY TO YOU PURSUANT TO WHAT WAS DONE OR NOT DONE UNDER THIS
AGREEMENT, YOU MAY RECOVER FROM THE BANK ONLY YOUR ACTUAL DAMAGES, IN AN AMOUNT NOT TO EXCEED THE TOTAL FEES AND CHARGES PAID BY
YOU TO THE BANK PURSUANT TO THIS AGREEMENT DURING THE THREE (3) MONTH PERIOD IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE
LIABILITY. IN NO EVENT WILL YOU BE ABLE TO RECOVER FROM THE BANK INDIRECT, SPECIAL, CONSEQUENTIAL, EXEMPLARY DAMAGES OR LOST PROFITS
WHETHER OR NOT IT HAS NOTICE THEREOF.

 

This
Agreement and the deposit relationship do not create a fiduciary, quasi-fiduciary or special relationship between you and us. Our
deposit relationship with you is that of debtor and creditor. The Bank's internal policies and procedures are solely for our own
purposes and do not impose on us a higher standard of care than otherwise would apply by law without such policies or procedures.

 

If
you are a licensed attorney or a law firm, you agree that we may report information about overdrafts and/or returned checks drawn
on Accounts which you maintain as trustee for the benefit of another person or in any fiduciary capacity, to the extent and in
the manner required by applicable laws, rules, or regulations. You agree that we have no liability to you for reporting any information
to applicable authorities regarding any Account which we believe in good faith is subject to such laws, rules, or regulations.

 

FACSIMILE SIGNATURES

 

If
we allow you to use a facsimile signature, you understand and acknowledge that we will not be able to determine whether the facsimile
signature on any item is authentic or has been authorized by you. If your items are signed using a facsimile signature, you acknowledge
that it is solely for your benefit and convenience. You authorize us to accept the facsimile signature of any Authorized Signer
which you designate in writing from time to time (by corporate resolution or otherwise) on any check, draft, or other order drawn
on us, or any other document and we may debit any of your Accounts in the amount of each payment which we make in reliance upon
any such facsimile signature and/or reproduction thereof. We will not be liable, and you will assume all liability, for any losses,
liabilities, penalties, claims, damages, costs, expenses, or other harm or injury which you may incur or that may be asserted against
you or us in connection with the authorized or unauthorized use or reproduction by any person or entity, including, but not limited
to, attorneys' fees and court costs, relating to or arising out of (i) any use, misuse and/or reproduction, whether or not authorized,
by any person of any actual or purported facsimile signature of any Authorized Signer on any check, draft or other such order drawn
on us or any other document, and (ii) any payment which we make in reliance upon any such facsimile signature and/or reproduction
thereof. You will indemnify us and hold us harmless from and against any and all losses, liabilities, penalties, claims, damages,
costs, expenses or other harm or injury which we may incur or suffer or which may be asserted by any person with respect to any
use or misuse of an actual or purported facsimile signature of any Authorized Signer on any check, draft or other order drawn on
us or on any other document, or any payment which we make in reliance upon any such facsimile signature and/or reproduction thereof.
You shall be solely responsible for maintaining security over any device used to affix or apply facsimile signatures.

 

     19

     

    

 

INDEMNITY

 

		a)	In General. You agree to indemnify
                                         us and hold us harmless from and against any and all losses, liabilities, penalties,
                                         claims, damages, costs, expenses or other harm or injury that we may incur or that may
                                         be asserted by any person or entity against us, including, but not limited to, attorneys'
                                         fees and court costs arising out of any action at any time taken or omitted to be taken
                                         by (i) you under or in connection with this Agreement, including, but not limited to,
                                         your failure to observe and perform properly each and every obligation in accordance
                                         with this Agreement and any other commercial or business purpose agreement which you
                                         enter into with us; or (ii) us in reliance upon any resolution, certification, evidence
                                         of authority, or other document or notice given or purporting to have been given by you
                                         to us, or any information or order which you provide to us.

 

		b)	Your Instructions to Us. Without
                                         limiting the above, if you give us instructions which we believe may expose us to potential
                                         liability, we may refuse to follow your instructions. If we decide to follow your instructions,
                                         you agree to indemnify us against all losses, costs, attorneys' fees and any other liabilities
                                         we incur. In addition, we may ask you for certain protections, such as a surety bond
                                         or your indemnity in a form satisfactory to us.

 

IF YOU OWE US MONEY

 

If
you withdraw funds from your Account which you do not have a right to withdraw, including the amount of a check or other item which
we later charge back to your Account or any amounts that may be credited to your Account in error, you will have to pay us back.
If you do not, we can bring a lawsuit against you to get the money back. We can also do this if you owe us any fees or charges
in connection with your Account and you do not pay us. If we bring a lawsuit against you, you agree to pay our court costs and
reasonable attorneys' fees as awarded by the court and as permitted by law.

 

     20

     

    

 

SECURITY
INTEREST

 

To
the fullest extent allowed by applicable law, you grant to us a security interest in any property of yours which may at any time
be in our possession or control for any purpose including, but not limited to, any Account. Such property shall constitute collateral
for any and all of your commercial or business purpose obligations to us. These obligations include, but are not limited to, any
amount by which any of your Accounts may from time to time be overdrawn, interest accrued thereon, and any collection costs or
other costs due in connection therewith.

 

RIGHT
OF SET-OFF

 

We
reserve the right to withdraw at any time some or all of the funds that may now or later be on deposit in any or all of your Accounts
and apply them to the payment of any debts (other than amounts you may owe us on a personal credit card account with us) you may
now or later owe us. We have this right even if the Account(s) we withdraw money from is a joint Account and the debt we apply
it to is owed by only one of you. Likewise, we could withdraw money from an Account owned by only one person and apply it to reduce
the joint debt of that person and another person. Our rights under this section are in addition to any right of set-off we may
have under applicable law. You agree that our right of set-off is not conditioned on, or limited by, the complete mutuality of
the parties obligated on the debt and owners on your Account, the maturity of the debt, the giving of notice to you, or the availability
of any collateral securing the debt.

 

We
also have the right to place a hold on funds in your Account if we have a claim against you or pending exercise of our right of
set-off. If we place a hold on your Account, you may not withdraw funds from the Account and we can refuse to pay checks or other
items drawn on the Account

 

In
addition to any right of set-off, you hereby grant to the Bank a security interest in your deposit Accounts to secure all of your
commercial or business purpose loans or cither extensions of credit, now or in the future.

 

ACCOUNTS
WITH ZERO BALANCE

 

We
may consider any Account (excluding CDs) having a zero balance for forty-five (45) Calendar Days to be closed by you.

 

ABANDONED
ACCOUNTS

 

If
your Account is considered to be abandoned under applicable law because you have not used or acknowledged your Account for a time
period directed by law, we must turn over the funds in your Account to the appropriate governmental authority. We may give notices
as required by law before we do this. You may try to reclaim funds turned over to the governmental authority to the extent permitted
by applicable law.

 

     21

     

    

 

BANKING
PRACTICES

 

In
the absence of a specific provision in this Agreement to the contrary, your Account will be subject to our usual banking practices
and, to the extent not inconsistent therewith, the general commercial banking practices in the area we serve.

 

SEVERABILITY

 

if
any provision of this Agreement is invalid, changed by applicable law or declared invalid by order of a court, the remaining terms
of this Agreement will not be affected, and the invalid provision shall be reformed in order to preserve the original intent of
this Agreement to the fullest extent feasible. However, if such reformation is not feasible, this Agreement will be interpreted
as if the invalid provision had not been placed in this Agreement.

 

JURY
TRIAL WAIVER

 

YOU
AND WE EACH AGREE THAT NEITHER YOU NOR WE SHALL (A) SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM, OR ANY OTHER ACTION
BASED UPON, OR ARISING OUT OF, THIS AGREEMENT OR ANY ACCOUNT OR THE DEALINGS OF THE RELATIONSHIP BETWEEN YOU OR US, OR (B) SEEK
TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. THE PROVISIONS OF THIS SECTION SHALL BE
SUBJECT TO NO EXCEPTIONS. NEITHER YOU NOR WE HAVE AGREED WITH OR REPRESENTED TO THE OTHER THAT THE PROVISIONS OF THIS SECTION WILL
NOT BE FULLY ENFORCED IN ALL INSTANCES. YOU AND WE EACH ACKNOWLEDGE THAT THIS WAIVER HAS BEEN KNOWINGLY AND VOLUNTARILY MADE.

 

DEFAULTS

 

Your
Account will be in default if any of the following events occur:

 

		•	Any of your loans with us is past due or otherwise in default.

 

		•	You overdraw your Account repeatedly.

 

		•	You do not repay immediately any overdraft, or you fait to pay or perform any other obligation
in connection with any of your deposit or credit relationships with us.

 

		•	You do not comply fully with any term or condition of this Agreement or of any other deposit or
credit agreement you may have with us.

 

		•	You provide to us any false or misleading information in connection with any of your deposit or
credit relationships with us.

 

		•	An assignment has been made for the benefit of your creditors or an entry of judgment has been
made against you.

 

     22

     

    

 

		•	We, in our sole discretion, are not satisfied with your condition or affairs, financial or otherwise,
or have determined that your financial condition has suffered an adverse change.

 

If
your Account is in default, we may refuse to advance funds on any commitment or line of credit you have with us, demand immediate
repayment of any and all of your outstanding obligations to us, and/or terminate your deposit Accounts and we may exercise all
available rights under law or equity. A default also may affect your funds availability, as described in the Funds Availability
Policy.

 

MISCELLANEOUS

 

		a)	Our Right to Refuse/Close Accounts:
                                         The Bank reserves the right to refuse to open any Account and to terminate any Account
                                         at any time, and for any reason or no reason, without notice to you (unless notice is
                                         required under applicable law). This Agreement survives the closing of your Account.

 

		b)	Our Right to Delay Enforcement:
                                         We can choose to not enforce or delay in enforcing any provisions of this Agreement
                                         without losing the right to enforce them in the future.

 

		c)	Items in the Mail: We are not
                                         responsible for any items you mail to us that are lost in transit. Therefore, you may
                                         not wish to place currency or coupons in the mail.

 

		d)	Direct Deposit: If you have
                                         direct deposit, you agree that if a direct deposit must be returned for any reason, you
                                         authorize us to deduct the amount from this Account or any other Account you may have
                                         with us, without prior notice and at any time.

 

		e)	Notice of Address Changes: You
                                         must notify us in writing, by phone or at any of our banking offices, of any change of
                                         address. Any communication we send to you at the last address as shown on our records
                                         will be binding on you for all purposes. You agree we may change your address on our
                                         records based on information provided by the United States Postal Service without notice
                                         to you.

 

		f)	Assignment:
                                         You will not transfer, assign or pledge your Account(s) to any third party, and we will
                                         not recognize any such attempted assignment or pledge, without our prior written consent
                                         to be given o refused at our sole discretion.

 

		g)	Account Mailings: From time
                                         to time, the Bank may enclose advertising or promotional materials with any periodic
                                         statement that is mailed or otherwise made available to you with respect to your Account(s).
                                         These materials may include, without limitation, information regarding new, modified
                                         or discontinued products or services, as well as sweepstakes or other contests sponsored
                                         by the Bank. By opening and maintaining an Account with the Bank, you consent to the
                                         mailing and receipt of these advertising or promotional materials with your periodic
                                         statement.

 

     23

     

    

 

		h)	Representations and Warranties:
                                         By establishing and maintaining an Account with us, you represent and warrant to
                                         us as follows for the duration of your Account relationship: This Agreement represents
                                         your valid and binding obligation and is enforceable in accordance with its terms. This
                                         Agreement represents the entire Agreement between you and us regarding your Account(s)
                                         and supersedes any and all prior discussions or agreements between you and us regarding
                                         your Account(s). Your performance of this Agreement does not violate your corporate or
                                         other governing documents, or any agreement or instrument to which you are a party, or
                                         any law or regulation applicable to you.

 

		i)	Amendments:
                                         We reserve the right to change the terms of this Agreement or change the terms of
                                         your Account at any time. We will give you such notice of the change as we determine
                                         is appropriate, such as by statement message or enclosure, letter, or as posted in the
                                         Store, and as required under applicable law. Where applicable law permits, we can notify
                                         you of the changes by posting a new version of this Agreement online, or by making the
                                         new version available in our Stores. Your continued use of the Account following the
                                         effective date of any such change indicates your consent to be bound by this Agreement,
                                         as amended. If you would like a copy of a current Agreement or have questions, please
                                         ask any Bank representative or call us at 1-888-751-9000.

 

		j)	Governing Law:
                                         This Agreement is governed by the laws of the jurisdiction in which the Store where
                                         you opened your Account is located, except where applicable federal law is controlling.

 

FUNDS
TRANSFERS

 

		a)	Applicability; Authorization:
                                         If you intend to make a Funds Transfer via phone, fax or using the Bank's cash management
                                         services and related software, you agree to complete and execute separate agreements
                                         governing the use of such services and software, and all such Fund Transfers will be
                                         subject to and governed by such agreements. All other Funds Transfers will be subject
                                         to (i) our procedures and fees, as may be amended from time to time, and (ii) the following
                                         terms of this Funds Transfer Section of this Agreement. Nothing in this Agreement shall
                                         be considered to require us to make any Funds Transfers requested by you.

 

		b)	Definitions: The following
                                         words have the meanings given to them below for purposes of this Funds Transfers Section.

 

		•	"Article 4A" means
                                         Article 4A of the Uniform Commercial Code as in effect from time to time in the jurisdiction
                                         in which the Store where you opened your Account
                                         is located.

 

     24

     

    

 

		•	"Authorized Representative"
                                         means a person designated by you as your authorized representative, or otherwise
                                         authorized by you to act on your behalf in connection with a Payment Order, as defined
                                         below.

 

		•	“Beneficiary"
                                         means (i) the person to whom you ask us to make a Funds Transfer, as defined below, or
                                         (ii) you, if instructions relating to a Funds Transfer name you as the beneficiary.

 

		•	"Beneficiary's Bank"
                                         means the bank at which the Beneficiary maintains an account to which a Funds Transfer
                                         will be made.

 

		•	"Callback" means
                                         a telephone call initiated by us to an Authorized Representative for the purpose of verifying
                                         that you actually issued a Payment Order, a cancellation of a Payment Order or a change
                                         to a Payment Order.

 

		•	"Funds Transfer"
                                         means a transfer to or from your Account which is (i) governed by Article 4A, and
                                         (ii) made by telephone, wire, automated clearing house transfer, computer instructions
                                         or written instructions other than a check.

 

		•	"Non-Repetitive Payment
                                         Order" means a Payment Order that is not a Repetitive Payment Order, as defined
                                         below.

 

		•	"Payment Order"
                                         means your instructions to us to pay or cause to be paid a fixed or determined amount
                                         of money to a Beneficiary.

 

		•	"Repetitive Payment Order"
                                         means a Payment Order issued on a regular basis by using a confidential code number
                                         and relating to the same Beneficiary and the same account maintained by or for the benefit
                                         of such Beneficiary at the Beneficiary's Bank.

 

		•	"Sending Bank"
                                         means the bank that sends a Funds Transfer to another bank.

 

		•	"Test Key" means
                                         a confidential algorithm provided by us to you for the purpose of verifying the authenticity
                                         of a Repetitive or a Non-Repetitive Payment Order.

 

		c)	Describing
                                         the Beneficiary's Bank and the Intermediary Bank:

 

If
you ask us to make a Funds Transfer from your Account to the Beneficiary's account, you must identify the Beneficiary, the Beneficiary's
Bank, and the intermediary bank, if any, to which you want the Funds Transfer to be sent, by name and by an identification number.
If you fail to provide us with an intermediary bank, you hereby direct us on your behalf, to select an intermediary bank. We are
entitled to rely upon each identification number which you provide to us, as the proper identification of each person and bank,
as applicable, even if it identifies a person or bank different from the named person or bank. In addition, the Beneficiary's Bank
may make payment to the Beneficiary based on the identification number, even if it identifies a person different from the named
Beneficiary. If we are named as a Beneficiary's Bank, we will pay a Funds Transfer to the person identified by an identification
number, even if it identifies a person different from the named Beneficiary.

 

     25

     

    

 

		d)	Payments Are Provisional: If
                                         a Funds Transfer is subject to the rules of an automated clearing house such as the National
                                         Automated Clearing House Association or the New England Automated Clearing House Association,
                                         or other funds transfer system rules which provide that payment to a Beneficiary is provisional
                                         until the Beneficiary's Bank receives final payment:

 

		•	Our payment of a Funds Transfer to your Account will be provisional until the Sending Bank gives
us final payment, and you agree that we may reverse our provisional credit if the Sending Bank does not give us final payment;
and

 

		•	A payment by the Beneficiary's Bank of a Funds Transfer to the Beneficiary will be provisional
until the Sending Bank gives the Beneficiary's Bank final payment, and you agree that the Beneficiary's Bank may reverse its provisional
credit if the Sending Bank does not give the Beneficiary's Bank final payment.

 

You
agree to be bound by such rules.

 

		e)	Authorized Account: If you make
                                         a Funds Transfer, you agree to tell us which of your Accounts will be used to pay the
                                         Funds Transfer. If you do not do so, we may pay your Funds Transfer from any of your
                                         Accounts.

 

		f)	No Special
                                         Notice of Receipt of Funds: If you are the Beneficiary of a Funds Transfer, you agree
                                         that we do not have to give you any notice that we have received the Funds Transfer.
                                         However, if you normally receive a periodic statement for the Account to which we credited
                                         the FundsTransfer, the Funds Transfer will be reflected on the periodic statement that
                                         includes the date on which we credited the Funds Transfer to your Account.

 

		g)	You Must Tell Us About Errors:
                                         You must use ordinary care to determine whether each Funds Transfer has been authorized
                                         properly by you, and to discover any errors relating to Funds Transfers executed by us.
                                         You must tell us about an unauthorized Funds Transfer or any errors relating to a Funds
                                         Transfer no later than ten (10) Business Days after the earlier of the date we tell you
                                         that your Funds Transfer has been executed or the date we tell you that your Account
                                         has been debited to pay for such Funds Transfer.

 

     26

     

    

 

You
can do this by calling 1-888-751-9000 or writing us at:

 

Wire
Transfer Department

Mail
Stop 02-206-02-77

6000
Atrium Way

Mt.
Laurel, NJ 08054

 

If
you fail to notify us within such time period, and we are required by law to refund to you all or part of the payment which you
made, we will not pay interest to you on the amount refunded unless we are required to do so by applicable law.

 

		h)	Security Procedures: The
                                         following Security Procedures are available to you. We have established these Security
                                         Procedures to verify whether you were the person who actually asked us to make a Funds
                                         Transfer or to change or cancel a Funds Transfer. The Security Procedures are as follows:

 

		•	Callbacks. Outgoing transfers initiated via phone or fax can be verified using a call back procedure
to the individual(s) authorized by you at designated telephone numbers.

 

		•	Test Keys. We may issue test keys to you for the purpose of validating outgoing transfer requests
initiated via phone or fax

 

		•	Recorded Telephone Call to Our Money and Wire Transfer Department This Security Procedure includes
a recorded telephone call from you to our Money and Wire Transfer Department and is available for both Repetitive Payment Orders
and Non-Repetitive Payment Orders.

 

You
acknowledge and agree that the security procedures described above are a commercially reasonable method for the purpose of verifying
whether any Fund Transfer was initiated by you. You agree that any election you may make to change or waive security procedures
are at your risk and that any loss resulting in whole or in part from such change or waiver will be for your account. You acknowledge
that the Bank has given you the option to choose from a number of security procedures. You further acknowledge and agree that the
security procedures described above are not intended, and that it is commercially reasonable that the security procedures are not
intended, to detect any errors relating to or arising out of a Fund Transfer.

 

You
agree to be bound by any Funds Transfer, whether or not authorized, which is issued in your name and accepted by us in compliance
with the security procedure chosen by you. Therefore, you should exercise special care when choosing a security procedure. You
must keep the security procedure chosen by you confidential, and must not reveal the security procedure to any person, other than
to an Authorized Representative.

 

     27

     

    

 

		i)	Funds Transfers
                                         Made Without a Security Procedure: If we agree to make a Funds Transfer for you without
                                         a security procedure, you will be bound by such Funds Transfer to the fullest extent
                                         allowed by applicable law.

 

PART
II: ACCOUNT MAINTENANCE INFORMATION

 

CERTIFICATES OF DEPOSIT

 

Maturity:
Our Standard Business CDs and our Business "No Catch" CDs will automatically renew to the same term at maturity.

 

At
maturity, you will have ten (10) Calendar Days from the maturity date to withdraw the funds without being charged a penalty. After
the Account is opened, you may not deposit into or withdraw from this Account before the maturity date except during promotional
periods of which you will be notified. Deposits may only be withdrawn without penalty prior to maturity when the depositor has
died or been judicially declared mentally incompetent. If you withdraw funds before maturity, a penalty, as shown below, will be
imposed.

 

	CD TERM	 	PENALTY
	Less than 90 Days	 	All interest with a minimum of 7 Days' interest
	90 Days to Less than 1 Year	 	3 Months' interest
	1 Year to Less than 2 Years	 	6 Months' interest
	2 Years and Over	 	9 Months' interest

 

No
Catch CD: The minimum balance required to open a No Catch CD is $25,000. The customer has the option of making one withdrawal
during the term without penalty. Additional withdrawals will be subject to an early withdrawal penalty as described above.

 

Interest
Computation: The interest rate will be effective until the maturity date. The daily balance method is used to calculate
the interest on your Account. This method applies a daily periodic rate to the principal in the Account each day. Interest is credited
and compounded monthly for all CDs.

 

Jumbo
and Trust CDs: The minimum balance required to open a Jumbo CD is $50,000; there is no minimum requirement for a Trust
CD. Interest rates are available in the Stores upon request Rates are determined daily by our Investment Department. Interest is
accrued using the simple interest method and does not compound. Depending on the term, interest is either paid at maturity or paid
monthly to a TD Bank account with the same legal title. Jumbo and Trust CDs do not automatically renew at maturity. After the maturity
date, the deposited funds will no longer earn interest The Bank will not pay interest for Jumbo and Trust CDs once the CD has reached
its maturity date, regardless of the circumstances.

 

     28

     

    

 

PART
III: FUNDS AVAILABILITY POLICY

 

Your
ability to withdraw funds you have deposited at the Bank will be determined according to this policy.

 

This
disclosure applies to all transaction accounts such as Checking and Interest bearing Checking Accounts, and to Money Market, Savings,
and Time Accounts.

 

The
Bank's general policy is to make funds from your deposits available to you no later than the first (1st) Business Day after the
day we receive your deposit. Electronic direct deposits and wire transfers will be available on the day we receive the deposit.
Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

 

DETERMINING THE AVAILABILITY OF A DEPOSIT

 

To
determine the availability of your deposits, every day is a Business Day, except Saturdays, Sundays and federal holidays. On Business
Days that we are open, the earliest time that we stop accepting deposits in our Stores for same day credit is 6:00 p.m. Thus, if
you make a deposit with a bank teller before 6:00 p.m. on a Business Day that we are open, we will consider that day to be the
day of your deposit. However, if you make a deposit after 6:00 p.m. or on a day we are not open, we will consider that the deposit
was made on the next Business Day we are open.

 

If
you mail funds to us, the funds are considered deposited on the Business Day we receive them. Funds deposited in a night depository
or lockbox are considered deposited on the next Business Day the Bank or lockbox is open.

 

If
you make a deposit at a Bank ATM before 8:00 p.m. on a Business Day that we are open, we will consider that day to be the day of
your deposit However, if you make a deposit at a Bank ATM after 8:00 p.m. or on a day we are not open, we will consider that the
deposit was made on the next Business Day we are open.

 

The
length of the delay varies depending on the type of deposit and is explained below:

 

SAME DAY AVAILABILITY

 

Funds
from the following deposits are available on the same day they are deposited:

 

		•	Cash deposits made at the Bank's teller station;

 

		•	Funds received for deposit by an electronic payment (including ACH credits and transfers);

 

     29

     

    

 

		•	Wire transfers;

 

		•	$100.00 from non-cash deposits made at the Bank's teller station;

 

		•	$100.00 from deposits made at the Bank’s ATM (for accounts opened longer than 90 days).

 

LONGER
DELAYS MAY APPLY

 

In
some cases, we will not make all the funds that you deposit by check available at the times shown in this Policy.

 

Depending
on the type of check you deposit, funds may not be available until the fifth (5th) Business Day after the day of your deposit.
The first $100 of your deposit, however, will be available no later than the first (1st) Business Day after the day of your deposit.
If we are not going to make all of the funds from your deposit available on the first (1st) Business Day, we will notify you at
the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to
one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the
day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be
available.

 

In
addition, funds deposited by check may be delayed for a longer period under the following circumstances:

 

		•	You deposit checks totaling more than $5,000 on any one day (Note: the first $100 will be available
no later than the first (1st) Business Day after the day of your deposit);

 

		•	We believe a check you deposited will not be paid;

 

		•	You re-deposit a check that has been returned unpaid;

 

		•	You have overdrawn your Account repeatedly, or would have overdrawn your account if checks had
been honored in the last six (6) months;

 

		•	There is an emergency, such as failure of communications or computer equipment. (Note: the first
$100 will be available no later than the first (1st) Business Day after the day of your deposit).

 

We
will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be
available. They will generally be available no later than the eleventh (11th) Business Day after the day of your deposit.

 

SPECIAL RULES FOR NEW ACCOUNTS

 

If
you are a new customer, the following special rules may apply during the first thirty (30) days your account is open.

 

Funds
from electronic direct deposits and wire transfers to your account will be available on the day we receive the deposit. Funds from
deposits of cash and the first $5,000 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state
and local government checks will be available
on the first (1st) Business Day after the day of your deposit. The excess over $5,000 will be available no later than the ninth
(9th) Business Day after the day of your deposit.

 

     30

     

    

 

Funds
from all other check deposits will be available no later than the eleventh (11th) Business Day after the day of your deposit.

 

HOLDS ON OTHER FUNDS

 

If
we accept for deposit or we cash a check that is drawn on another bank, we may make funds from the deposit available for withdrawal
immediately, but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another Account
with us. The funds in the other Account would then not be available for withdrawal in accordance with the time periods that are
described in this policy.

 

NON-U.S. FINANCIAL INSTITUTIONS

 

We
reserve the right to send any checks drawn on a foreign financial institution (including Canadian financial institutions) for collection.
For each item sent, we will assess a collection charge plus any collection fees charged to us by other financial institutions which
process the item as listed in our most recent Fee Schedule. While the funds represented by checks that are sent for collection
are generally available within ten to fifteen (10 to 15) Business Days, items sent for collection will be credited to your Account
in U.S. dollars, with the amount of U.S. dollars credited calculated using our applicable exchange rate that is in effect on the
date when we credit the funds to your Account and not when the deposit is made. If we do not enter any item (Canadian only) for
collection, the funds will be available no later than the third (3rd) Business Day after the day of deposit.

 

CHECKS OR OTHER ITEMS RETURNED SUBSEQUENT TO FUNDS BEING
MADE AVAILABLE

 

If
a check or other item you deposited to your Account is returned to us unpaid after the funds have been made available to you, the
amount of the check or other item will be deducted from your Account. If there are insufficient funds in your Account, we reserve
the right to demand payment directly from you and to charge you for the overdraft as posted in our most recent Fee Schedule.

 

ENDORSEMENTS

 

Endorsements
on items deposited to your Account are restricted, under federal law, to the first 1.5 inches of the back of the check. The remaining
portion of the check is reserved for endorsements by banks. Your endorsement should contain your signature, the words “For
Deposit Only,” and your Account number. Improper endorsements may delay the check collection process and the subsequent crediting
and availability of funds. While we may accept non-conforming endorsements, you agree to be responsible for any losses.

 

     31

     

    

 

PART IV: ELECTRONIC
FUNDS TRANSFERS

 

The
Electronic Funds Transfers ("EFT") we are capable of handling are indicated below. Some of these may not apply to your
Account. Please read this disclosure carefully because it tells you your rights and your obligations for these transactions. You
should keep this notice for future reference.

 

For
security purposes, your card may be cancelled after 13 months of inactivity.

 

Use
of your Visa Debit Card may be restricted in certain countries due to security risks.

 

DIRECT
DEPOSITS

 

You
may make arrangements for certain direct deposits to be accepted into your Checking, Savings, or Money Market Deposit Accounts.

 

PRE-AUTHORIZED
WITHDRAWALS

 

You
may make arrangements to pay certain recurring bills from your Checking, Statement Savings, or Statement Money Market Deposit Accounts.

 

TELEPHONE
TRANSFERS

 

You
may make arrangements to have telephone transfers between eligible Checking, Statement Savings, or Statement Money Market Deposit
Accounts through our telephone banking system.

 

ELECTRONIC
CHECK CONVERSION

 

Some
Point-of-Purchase terminals may provide you the option of initiating a one-time automatic debit from your Account by authorizing
the merchant to obtain the necessary information from a check drawn on your deposit Account. A check used in this way is treated
as an EFT and is not a negotiable instrument in its own right. The check cannot be subsequently used and should be voided.

 

You
may authorize a Merchant or other payee to make a one-time electronic payment from your checking account using information from
your check to:

 

		(i)	Pay for purchases

 

		(ii)	Pay bills

 

     32

     

    

 

ATM
AND POS TRANSACTION TYPES

 

You
may access your Account(s) by ATM or Point of Sale (POS) using your Visa Debit Card and Personal Identification

Number
("PIN") to:

 

		•	make deposits to Checking, Statement Savings, and Statement Money Market accounts at TD Bank ATMs;

 

		•	get cash withdrawals and/or transfer funds from and between Checking, Statement Savings, and Statement
Money Market Accounts linked to your card;

 

		•	make payments on a TD Bank loan at many TD Bank ATMs;

 

		•	get information about the Account balance(s) in the Checking, Statement Savings, and/or Statement
Money Market Account(s) linked to your card;

 

		•	make Visa Debit Card purchases from your Checking Account.

 

Note:
Some of these services may not be available at all terminals.

 

VISA DEBIT TRANSACTION TYPES

 

You
may access your Checking Account at any location that accepts Visa Debit Cards to:

 

		•	purchase goods or pay for services, if the merchant permits;

 

		•	get cash from a merchant, if the merchant permits or from a participating financial institution.

 

VISA
DEBIT CARD LIMITS 

 

The standard daily limits (per card) are:

 

		•	ATM cash withdrawals – $750;

 

		•	POS (PIN) transactions – $2,000;

 

		•	Visa signature transactions and Visa cash advances – $5,000 each.

 

DISCLAIMER

 

We
disclaim all liability for losses and/or damages incurred by you for failure to complete a transfer on the correct date or in the
right amount under any circumstances; provided, however, that upon notice of such failure we will take reasonable steps to correct
the transaction.

 

CHARGES
FOR ELECTRONIC FUNDS TRANSFERS

 

We
will not impose a fee for transactions you conduct at an ATM that we do not own or operate. Such transactions are referred to as
"non-TD Bank" ATM transactions.

 

Please
note: For non-TD Bank ATM transactions, the institution that owns the ATM (or the network) may assess a fee (surcharge) at the
time of your transaction, including balance inquiries.

 

     33

     

    

 

International
ATM Card or Visa Debit Card Transactions: The exchange rate between the transaction currency and the billing currency used for
processing international ATM Card or Visa Debit Card transactions is a rate selected by Visa from the range of rates available
in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives,
or the government mandated rate in effect for the applicable central processing date.

 

RIGHT
TO DOCUMENTATION

 

Terminal
Transactions: You can get a receipt at the time you conduct a transaction using automated teller machines or point-of-sale
terminals, unless your transaction totals $15.00 or less.

 

Direct
Deposits: If you have arranged to have direct deposits made to your Account at least once every sixty (60) Calendar Days from
the same person or company, you can call 1-888-751-9000 to find out whether the deposit has been made.

 

Right
to Stop Payment and Procedures for Doing so: Pre-authorized transfers from your Account(s) can be discontinued by calling
us at 1-888-751-9000 or by writing to:

 

Transaction
Services Department

P.O.
Box 1377

Lewiston,
ME 04243-1377

 

To
be effective a stop payment request must be received at least three (3) Business Days prior to the regularly scheduled payment
date, and must precisely identify the account number, date and amount of the payment, and the payee.

 

Your
stop payment request will be effective after the request has been received by the Bank and the Bank has had a reasonable opportunity
to act on it. if your stop payment request has been made orally, the Bank will send you a written confirmation. If your stop payment
request is made in writing, you must use a form that is supplied by the Bank; this form will constitute written confirmation of
your request. In either case, it is your responsibility to ensure that all of the information supplied on your written confirmation
is correct and to promptly inform the Bank of any inaccuracies.

 

Unlike
checks, you cannot place stop payments for purchases made by telephone, on the Internet, or with your Visa Debit Card.

 

     34

     

    

 

EXHIBIT
B

 

Cash
Management Master Agreement

 

 

     

     

    

 

 

  

CASH
MANAGEMENT MASTER AGREEMENT

 

Customer:
HARRIS & HARRIS GROUP, INC.

 

Date
of Agreement:

 

TD Bank, N.A. (“Bank”) provides a broad range of non-consumer
cash management products and services to its customers. The customer identified above (“Customer”) wishes to obtain
from Bank, and Bank desires to provide to Customer, those services that have been checked below:

 

	1.	TD
    TreasuryDirect Services (Appendix I)
    	x
	 	 	 
	2.	TD
    ACH Origination Services (Appendix II)	 ̈
	 	 	 
	3.	TD
    Wire Transfer Services (Appendix III) 	x
	 	 	 
	4.	TD
    Sweep Services (Appendix IV) 	 ̈
	 	 	 
	5.	TD
    Positive Pay Services (Appendix V) 	 ̈

 

AFTER REVIEW OF SECTION 10 HEREIN,

 CUSTOMER
DECLINES POSITIVE PAY SERVICES x

***
[Customer must accept or decline the Positive Pay Services]

 

	6.	TD
    Controlled Disbursement Services (Appendix VI) 	 ̈
	 	 	 
	7.	TD
    Lockbox Services (Appendix VII) 	 ̈
	 	 	 
	8.	TD
    Digital Express Services (Appendix VIII) 	 ̈
	 	 	 
	9.	TD
    Account Reconcilement Services –
    Full (Appendix IX)
    	 ̈
	 	 	 
	10.	TD
    Account Reconcilement Services –
    Partial (Appendix X)
    	 ̈
	 	 	 
	11.	TD
    Deposit Reconcilement Services (Appendix XI) 	 ̈
	 	 	 
	12.	TD
    Check Imaging Services (Appendix XII) 	 ̈
	 	 	 
	13.	TD
    Zero Balance Account Services (Appendix XIII) 	 ̈
	 	 	 
	14.	TD
    Currency Services (Appendix XIV) 	 ̈
	 	 	 
	15.	TD
    EscrowDirect Services (Appendix XV) 	 ̈
	 	 	 
	16.	TD
    BAI2 File Transmission Services (Appendix XVI) 	 ̈
	 	 	 
	17.	TD
    Data Exchange Services (Appendix XVII) 	 ̈
	 	 	 
	18.	TD
    ACH Third Party Sender Services (Appendix XVIII) 	 ̈
	 	 	 
	19.	TD
    Image Cash Letter Services (Appendix XIX) 	 ̈
	 	 	 
	20.	TD
    Healthcare Remittance Management Services (Appendix XX) 	 ̈
	 	 	 
	21.	TD
    Data Transmission Services (Appendix XXI) 	 ̈
	 	 	 
	22.	Reserved
    (Appendix XXII) 	 ̈
	 	 	 
	23.	Reserved
    (Appendix XXIII) 	 ̈
	 	 	 
	24.	TD
    RapidDeposit Services (Appendix XXIV)  	 ̈
	 	 	 
	25.	TD
    WebExpress Services (Appendix XXV) 	 ̈

 

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The “Cash
Management Service(s)” or “Service(s)” shall hereafter mean the cash management service(s) identified above and provided by Bank (and/or Bank’s
third-party service providers) to Customer pursuant to this Agreement, the Appendices, including Amended Appendices, as defined
below, exhibits, Setup Form(s), and any service guides or manuals made available to Customer by Bank.

 

Agreement

 

This Cash Management Master Agreement (this “Agreement”)
is by and between Bank and Customer. Bank agrees to provide to Customer and Customer agrees to purchase certain Cash Management
Services (as defined above) offered by Bank. Bank and Customer agree that the Cash Management Services will be governed by the
terms of this Agreement and the rules and procedures applicable to each of the Services (collectively, the “Rules”).
The Rules are contained in the Appendices to this Agreement, and are hereby incorporated in and made a part of this Agreement.
This Agreement shall be effective when signed by both parties.

 

The following terms and conditions are applicable to all
Cash Management Services provided to Customer hereunder.

 

1.             Definitions.     Capitalized
terms used in this Agreement and in any Appendix, unless otherwise defined herein or therein, shall have the meanings set
forth below:

 

“Access
Devices” means collectively all security, identification and authentication mechanisms, including, without limitation,
security codes or tokens, PINs, electronic identities or signatures, encryption keys and/or individual passwords associated with
or necessary for Customer’s access to and use of any Cash Management Services.

 

“Account”
means an Account, as such term is defined in the Account Agreement, used in connection with any Cash Management Services.

 

“Account
Agreement” means the Business Deposit Account Agreement issued by Bank and governing Customer’s deposit
relationship with Bank, as the same may be amended from time to time.

 

“Affiliate(s)"
means, with respect to any party, any company controlled by, under the control of, or under common control with such party.

 

“Amended
Appendix” means an amendment to an Appendix that supplements or revises, but does not revoke in its entirety,
a prior Appendix for a particular Service.

 

“Appendix” means
a description of the rules and procedures applicable to a particular Service to be provided by Bank to Customer. Each such
Appendix, including any Amended Appendix, is incorporated herein by reference and made a part hereof. If there is
any conflict between the provisions of this Agreement and any Appendix or Amended Appendix, the Appendix or Amended Appendix
shall govern, but only to the extent reasonably necessary to resolve such conflict.

 

“Authorized
Representative” means a person designated by Customer as an individual authorized to act on behalf of Customer
and/or authorized to access and use the Services, as evidenced by certified copies of resolutions from Customer’s board of
directors or other governing body, if any, or other certificate or evidence of authority satisfactory to Bank, including, without
limitation, any Customer enrollment or Setup Form(s) completed by Customer.

 

“Bank
Internet System” means Bank’s Internet-based electronic information delivery and transaction initiation
system, as may be offered by Bank from time to time, including but not limited to Bank’s TreasuryDirect Services and WebExpress
Services.

 

“Bank
Internet System Agreement” means the agreement issued by Bank and governing Customer’s use of the Bank Internet
System.

 

“Business
Day" has the meaning given to it in the Account Agreement.

 

“Calendar
Day” has the meaning given to it in the Account Agreement.

 

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“Primary
Account" means the Account designated by Customer to which any direct Service fees due Bank may be charged in accordance
with this Agreement. Unless otherwise agreed upon in writing by Bank, the address for Customer associated with the Primary Account
shall be the address to which all notices and other communications concerning the Services may be sent by Bank.

 

“Substitute
Check” has the meaning given to it in Section 3(16) of the Check
Clearing for the 21st Century Act (“Check 21”), P.L. 108-100, 12 U.S.C. § 5001(16).

 

2.            The
Services.

 

2.1           Bank
shall provide to Customer, subject to this Agreement and the applicable Appendix, all Cash Management Services that Customer may
request from time to time. Bank shall not be required to provide any Services specified in an Appendix unless Customer also provides
all information reasonably required by Bank to provide to Customer the Service(s) specified therein.

 

2.2           Customer,
through its Authorized Representative, may use the Services solely in accordance with the terms and conditions of this Agreement
and the related Appendices.

 

2.3           With
the exception of scheduled off-peak downtime periods, Bank shall make all reasonable efforts to make the Services available to
Customer each Business Day.

 

2.4           Access
to on-line Services will be denied if invalid Access Devices are used or if the user exceeds the number of invalid attempts allowed
by Bank.

 

2.5           Customer
is authorized to use the Services only for the purposes and in the manner contemplated by this Agreement.

 

2.6           Customer
agrees to cooperate with Bank, as Bank may reasonably request, in conjunction with the performance of the Services.

 

2.7           Customer
agrees to comply with the Rules, as they may be amended from time to time by Bank.

 

2.8           A
number of Bank’s Services are subject to processing cut-off times on a Business Day. Customer can obtain information on Bank’s
current cut-off time(s) for Service(s) by reviewing the relevant Service’s Setup Form(s), as applicable, or by calling Cash
Management Customer Care at 

1-866-475-7262, or by contacting Customer’s Cash Management Sales Representative. Instructions
received after a cut-off time or on a day other than a Business Day may be deemed received as of the next Business Day.

 

2.9           Bank
may make changes to this Agreement and any Appendix at any time by providing notice to Customer in accordance with the terms of
this Agreement or as may be required by applicable law. Notwithstanding anything to the contrary herein, any Appendix that provides
for an alternative form and method for making changes to such Appendix and for providing notice of the same shall govern for that
Service. Further, notwithstanding anything to the contrary in this Agreement or in any Appendix, if Bank believes immediate action
is required for security of Bank or Customer funds, Bank may immediately initiate changes to any procedures and provide prompt
subsequent notice thereof to Customer.

 

2.10         In
connection with this Agreement and the Services, Customer agrees that it shall present, and Bank shall have a duty to process,
only Substitute Cheeks that are created by financial institutions; provided,
however, that this limitation shall not apply to Substitute Checks created with data from Customer pursuant to any
Appendix for Services involving the creation of electronic check images using check conversion technology.

 

		3.	Covenants, Representations and Warranties.

 

3.1           Customer
represents and warrants that the individual(s) executing this Agreement has/have been authorized by all necessary Customer action
to sign such agreements and to issue such instructions as may be necessary to carry out the purposes and intent of this Agreement
and to enable Customer to receive each selected Service. Each Authorized Representative whom Customer permits to access and use
the Services is duly authorized by all necessary action on the part of Customer to (i) access the Account(s) and use the Services;
(ii) access any information related to any Aceount(s) to which the Authorized Representative has access and (iii) engage in any
transaction relating to any Account(s) to which the Authorized Representative has access.

 

3.2           Bank
may unconditionally rely on the validity and accuracy of any communication or transaction made, or purported to be made, by an
Authorized Representative.

 

3.3           Customer
shall take all reasonable measures and exercise all reasonable precautions to prevent the unauthorized disclosure or use of all
Access Devices associated with or necessary for Customer’s use of the Services.

 

3.4           Customer
is not a “consumer” as such term is defined in the regulations promulgated pursuant to the Gramm-Leach-Bliley Act,
15 

U.S.C. § 6801 et seq., nor a legal representative of a “consumer.”

 

3.5           Customer
shall use the Services only for its own lawful business purposes. Customer shall not use the Services for or on behalf of any third
party. Customer shall take all reasonable measures and exercise reasonable precautions to ensure that Customer officers, employees
and Authorized Representatives do not use the Services for personal, family or household purposes, or any other purpose not contemplated
by this Agreement.

 

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3.6           Customer
and Bank shall comply with (i) all applicable laws, regulations, rules and orders; (ii) the Account Agreement; (iii) all
applicable National Automated Clearing House Association (“NACHA”) rules, regulations, and policies; (iv) the
Uniform Commercial Code; (v) Office of Foreign Asset Control (“OFAC”) sanctions; and (vi) all applicable laws,
regulations and orders administered by FinCEN (collectively (i) through (vi), “Compliance Laws”).

 

4.            Account
Agreement; Service Fees,

 

4.1           Bank
and Customer agree that any Account established by Customer in connection with Services offered by Bank shall be governed by the
Account Agreement, including one or more fee schedules issued by Bank for the Account. If there is any conflict between the terms
and provisions of this Agreement and the Account Agreement, the terms and provisions of this Agreement shall govern, but only to
the extent reasonably necessary to resolve such conflict.

 

4.2           Customer
agrees to compensate Bank for all Accounts and Services that Bank provides pursuant to this Agreement, including any Appendices,
in accordance with the applicable fee schedules or agreements between Bank and Customer in effect from time to time that apply
to the Services (the “Service Fees”). By signing below, Customer acknowledges receipt of the Account Agreement and
acceptance of the Service Fees, and agrees to be bound by their terms, as those terms may be amended from time to time.

 

4.3           Customer
authorizes Bank to charge the Primary Account for all applicable charges and fees to the extent that such charges and fees are
not offset by earnings credits or other allowances for Customer’s Account(s), If the balance of available funds in the Primary
Account is not sufficient to cover such fees, Bank may charge such fees to any other deposit Account maintained by Customer with
Bank. Customer also agrees to pay all sales, use or other taxes (other than taxes based upon Bank’s net income) that may
be applicable to the Services provided by Bank hereunder. Bank may charge a service charge for Account research requested by Customer
in accordance with the published schedule of charges for such research.

 

4.4           Bank
may amend Service Fee(s), in aggregate or individually, at any time. To the extent that such changes adversely affect Customer,
Bank will use
commercially reasonable efforts to give notice to Customer of such changes, in accordance with applicable law, or as may otherwise
be agreed to by the parties.

 

5.             Customer
Identification Program.     Customer agrees to provide to Bank, before Bank begins providing any Services to Customer, any
and all information required to comply with applicable law and Bank’s policies and procedures relating to customer identification.
Such information may include, without limitation, official certificates of customer existence, copies of Customer formation agreements,
business resolutions or equivalent documents, in a form acceptable to Bank authorizing Customer to enter into this Agreement and
to receive Services from Bank pursuant hereto, and designating certain individuals as Customer’s Authorized Representatives.

 

6.             Software.

 

6.1           Bank
may supply Customer with certain software owned by or licensed to Bank to be used by Customer in connection with the Services.
Customer agrees that all such software is and shall remain the sole property of Bank and/or the vendor of such software. Customer
agrees to comply with all of the terms and conditions of all such license agreements and other documents to which Customer agrees
to be bound. Unless otherwise agreed in writing between Bank and Customer, Customer shall be responsible for the payment of all
costs of software, installation of any software provided to Customer in connection with the Services, as well as for selection,
installation, maintenance and repair of all hardware required on Customer’s premises for the successful operation of the
software.

 

6.2           Customer
shall indemnify, defend and hold harmless Bank, its successors and assigns, from and against any loss, damage or other claim or
liability attributable to Customer’s unauthorized distribution or disclosure of any software provided with the Services or
any other breach by Customer of any software license. The provisions of this paragraph shall survive termination of this Agreement.

 

6.3           Any
breach or threatened breach of this Section will cause immediate irreparable injury to Bank, and Customer agrees that injunctive
relief, including preliminary injunctive relief and specific performance, should be awarded as appropriate to remedy such breach,
without limiting Bank’s right to other remedies available in the case of such a breach. Bank may apply to a court for preliminary
injunctive relief, permanent injunctive relief and specific performance, but such application shall not abrogate Bank’s right
to proceed with an action in a court of competent jurisdiction in order to resolve the underlying dispute.

 

7.            Computer
Requirements.    For certain Cash Management Services, Customer will need to provide at Customer’s own expense, a
computer, all software and necessary telephone lines, Internet or other connections and equipment as needed to access the Services
(collectively, the “Computer”). Customer’s Internet or other web browser software must support a minimum 128-bit
SSL encryption or other security measures as Bank may specify from time to time. Customer’s browser must be one that is certified
and supported by Bank for optimal performance. Customer is responsible for the installation, maintenance and operation of the Computer
and all related charges. Customer is responsible for installing and maintaining appropriate virus protection software on Customer’s
Computer. Bank is not responsible for any errors or failures caused by any malfunction of the Computer or any Computer virus or
related problems that may be associated with access to or use of the Services or the Computer. Bank also is not responsible for
any losses or delays in transmission of information Customer provides to Bank or
otherwise arising out of or incurred in connection with the use of any Internet or other service provider providing
Customer’s connection to the Internet or any browser software.

 

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8.           Bank
Third Parties.

 

8.1           Customer
acknowledges that certain third parties, agents or independent service providers (hereinafter “Third Parties”) may,
from time to time, provide services (“Third Party Services”) to Bank in connection with Bank’s provision of the
Services to Customer and that accordingly, Bank’s ability to provide the Services hereunder may be contingent upon the continuing
availability of certain services from such Third Parties. Third Party Services may involve the processing and/or transmission of
Customer’s data, instructions (oral or written) and funds. In addition, Customer agrees that Bank may disclose Customer’s
financial information to such Third Parties (i) where it is necessary to provide the Services requested; (ii) in order to comply
with laws, government agency rules or orders, court orders, subpoenas or other legal process or in order to give information to
any government agency or official having legal authority to request such information; or (iii) when Customer gives its written
permission.

 

8.2           Bank
will be responsible for the acts and omissions of its Third Parties in the same manner as if Bank had performed that portion of
the Services itself, and no claim may be brought by Customer against such Third Parties. Notwithstanding the foregoing, any claims
against Bank (with respect to the acts or omissions of its Third Parties) or its Third Parties shall be subject to the limitations
of liability set forth herein to the same extent as if Bank had performed that portion of the Services itself. However, Bank will
not be deemed to be the agent of, or responsible for, the acts or omissions of any person (other than its Third Parties), and no
such person shall be deemed Bank’s agent.

 

9.          Customer
Information; Security Procedures.

 

9.1           In
providing the Services, Bank shall be entitled to rely upon the accuracy of all information and authorizations received from
Customer or an Authorized Representative and the authenticity of any signatures purporting to be of Customer or an Authorized
Representative. Customer agrees promptly to notify Bank of any changes to any information or authorizations provided to Bank
in connection with the Services, and further agrees to promptly execute any new or additional documentation Bank reasonably
deems necessary from time to time in order to continue to provide the Services to Customer.

 

9.2           Customer
agrees that it shall be solely responsible for ensuring compliance with any security procedures established by Bank in connection
with the Services, as such may be amended from time to time, and that Bank shall have no liability for any losses sustained by
Customer as a result of a breach of security procedures if Bank has substantially complied with the security procedures.

 

9.3           Bank
shall be entitled to rely on any written list of Authorized Representatives provided to Bank by Customer until revoked or modified
by Customer in writing. Customer agrees that Bank may refuse to comply with requests from any individual until Bank receives documentation
reasonably satisfactory to it confirming the individual’s authority. Bank shall be entitled to rely on any notice or other
writing believed by it in good faith to be genuine and correct and to have been signed by the individual purporting to have signed
such notice or other writing. Bank may also accept verbal instructions from persons identifying themselves as an Authorized Representative,
and Bank’s only obligation to verify the identity of such person as an Authorized Representative shall be to call back such
person at a telephone number(s) provided to Bank by Customer. Bank may, but shall have no obligation to, call back an Authorized
Representative other than the Authorized Representative from whom Bank purportedly received an instruction. Bank may, but shall
have no obligation to, request additional confirmation, written or verbal, of an instruction received via telephone at any time
or for any reason whatsoever prior to executing the instruction. Bank may also in its discretion require the use of security codes
for Authorized Representatives and/or for receiving instructions or items from Customer. Customer understands and agrees, and Customer
shall advise each Authorized Representative that, Bank may, at Bank’s option, record telephone conversations regarding instructions
received from an Authorized Representative.

 

9.4           Any
security procedures maintained by Bank are not intended to detect errors in the content of an instruction received from Customer
or Customer’s agent or vendor. Any errors in an instruction from Customer, Customer’s Authorized Representative, agent
or vendor shall be Customer’s sole responsibility. Customer agrees that all security procedures described in this Agreement
and applicable Appendix are commercially reasonable and that Bank may charge Customer’s Account for any instruction that
Bank executed in good faith and in conformity with the security procedures, whether or not the transfer is in fact authorized.

 

9.5           Customer
agrees to adopt and implement commercially reasonable policies, procedures and systems to provide security to information
being transmitted and to receive, store, transmit and destroy data or information in a secure manner to prevent loss, theft
or unauthorized access to data or information (“Data Breaches”). Customer also agrees that it will promptly
investigate any suspected Data Breaches and monitor its systems regularly for unauthorized intrusions. Customer will provide
timely and accurate notification to Bank of any Data Breaches when known or reasonably suspected by Customer and will take
all reasonable measures, including, without limitation, retaining competent forensic experts, to determine the scope of and
data or transactions affected by any Data Breaches, and immediately providing all such information to Bank.

 

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9.6           BANK’S
SECURITY PROCEDURES ARE STRICTLY CONFIDENTIAL AND SHOULD BE DISCLOSED ONLY TO THOSE INDIVIDUALS WHO ARE REQUIRED TO KNOW THEM.
IF A SECURITY PROCEDURE INVOLVES THE USE OF ACCESS DEVICES, THE CUSTOMER SHALL BE RESPONSIBLE TO SAFEGUARD THESE ACCESS DEVICES
AND MAKE THEM AVAILABLE ONLY TO DESIGNATED INDIVIDUALS. CUSTOMER HAS THE SOLE RESPONSIBILITY TO INSTRUCT THOSE INDIVIDUALS THAT
THEY MUST NOT DISCLOSE OR OTHERWISE MAKE AVAILABLE TO UNAUTHORIZED PERSONS THE SECURITY PROCEDURE OR ACCESS DEVICES TO ANYONE.
CUSTOMER HAS THE SOLE RESPONSIBILITY TO ESTABLISH AND MAINTAIN PROCEDURES TO ASSURE THE CONFIDENTIALITY OF ANY PROTECTED ACCESS
TO THE SECURITY PROCEDURE.

 

10.         Fraud
Detection / Deterrence; Positive Pay.

 

10.1         General.    From time to time, Bank may make certain products and services that are designed to detect and/or deter check or other
fraud available to Customer. While no product or service will be completely effective, Bank believes that the products and services
it may offer will reduce the likelihood that certain types of fraudulent items will be paid against Customer’s Account. Customer
agrees that if it fails to implement any of these products or services, or fails to follow these and other precautions reasonable
for Customer’s particular circumstances, Customer will be precluded from asserting any claims against Bank for paying any
unauthorized, altered, counterfeit or other fraudulent item that such product, service, or precaution was designed to detect or
deter, and Bank will not be required to re-credit Customer’s Account or otherwise have any liability for paying such items.

 

10.2         Positive
Pay.    Positive Pay has, in particular, been identified as a Service that will reduce the likelihood that certain types
of fraudulent checks will be paid against Customer’s Account. Customer acknowledges that Positive Pay is a Service that has
been identified by Bank as reducing the risk of fraudulent items being paid against Customer’s Account when such Service
is adopted and fully utilized by Customer. Failure
of Customer to adopt and utilize this Service is a failure to exercise ordinary care, and, accordingly, Customer will be precluded
from asserting any claims against Bank for paying any unauthorized, altered, counterfeit or other fraudulent item, and Bank will
not be required to re-credit Customer’s Account or otherwise have liability for paying such items.

 

11.         Duty
to Inspect.    Customer is responsible for monitoring all Services provided by Bank, including each individual transaction
processed by Bank, and notifying Bank of any errors or other problems within ten (10) Calendar Days (or such longer period as may
be required by applicable law) after Bank has made available to Customer any report, statement or other material containing or
reflecting the error, including an Account analysis statement or on-line Account access. Except to the extent required by law,
failure to notify Bank of an error or problem within such time will relieve Bank of any and all liability for interest upon correction
of the error or problem (and for any loss from any subsequent transaction involving the same error or problem). In the event Customer
fails to report such error or problem within thirty (30) Calendar Days after Bank made available such report, statement or on-line
Account access, the transaction shall be deemed to have been properly authorized and executed, and Bank shall have no liability
with respect to any error or problem. Customer agrees that its sole remedy in the event of an error in implementing any selection
with the Services shall be to have Bank correct the error within a reasonable period of time after discovering or receiving notice
of the error from Customer.

 

12.         Overdrafts;
Set-off.     Bank may, but shall not be obligated to, complete any transaction in connection with providing the Services
if there are insufficient available funds in Customer’s Account(s) to complete the transaction. In the event any actions
by Customer result in an overdraft in any of Customer’s Accounts, including but not limited to Customer’s failure to
maintain sufficient balances in any of Customer’s Accounts, Customer shall be responsible for repaying the overdraft immediately,
without notice or demand. Bank has the right, in addition to all other rights and remedies available to it, to set off the unpaid
balance of any amount owed it in connection with the Services against any debt owing to Customer by Bank, including, without limitation,
any obligation under a repurchase agreement or any funds held at any time by Bank, whether collected or in the process of collection,
or in any other Account maintained by Customer at, or evidenced by any certificate of deposit issued by, Bank. If any of Customer’s
Accounts become overdrawn, underfunded or for any reason contain a negative balance, then Bank shall have the right of set-off
against all of Customer’s Accounts and other property or deposit Accounts maintained at Bank, and Bank shall have the right
to enforce its interests in collateral held by it to secure debts of Customer to Bank arising from notes or other indebtedness
now or hereafter owing or existing under this Agreement, whether or not matured or liquidated.

 

13.         Transaction
Limits.

 

13.1         In
the event that providing the Services to Customer results in unacceptable credit exposure or other risk to Bank, or will cause
Bank to violate any law, regulation, rule or order to which it is subject, Bank may, in Bank’s sole and exclusive discretion,
without prior notice, limit Customer’s transaction volume or dollar amount and refuse to execute transactions that exceed
any such limit, or Bank may terminate any Service then being provided to Customer.

 

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13.2         Customer
shall, upon request by Bank from time to time, provide Bank with such financial information and statements and such other documentation
as Bank reasonably determines to be necessary or appropriate showing Customer’s financial condition, assets, liabilities,
stockholder’s equity, current income and surplus, and such other information regarding the financial condition of Customer
as Bank may reasonably request to enable Bank to evaluate its exposure or risk. Any limits established by Bank hereunder shall
be made in Bank’s sole discretion and shall be communicated promptly to Customer.

 

14.         Term
and Termination.

 

14.1         This
Agreement shall be effective when (i) signed by an Authorized
Representative of Customer and accepted by Bank, and (ii) Customer delivers to Bank all documents and information, including
any Setup Form(s) and electronic data, reasonably required by Bank prior to commencing to provide the Services. Bank will
determine the adequacy of such documentation and information in its sole discretion and may refuse to provide the Services to
Customer until adequate documentation and information are provided.

 

14.2         This
Agreement shall continue in effect until terminated by either party with ten (10) Calendar Days’ prior written notice to
the other, provided that Customer may terminate this Agreement or any Appendix immediately upon its receipt of notice from Bank
of a change in or amendment of the provisions of this Agreement, the Services or any Appendix that is not acceptable to Customer,
in accordance with Section 21 of this Agreement. Either party may terminate an Appendix in accordance with the provisions of this
Section without terminating either this Agreement or any other Appendix. Upon termination of this Agreement or any Appendix, Customer
shall, at its expense, return to Bank, in the same condition as when delivered to Customer, normal wear and tear excepted, all
property belonging to Bank and all proprietary material delivered to Customer in connection with the terminated Service(s).

 

14.3         If
an Appendix is terminated in accordance with this Agreement, Customer must contact Cash Management Customer Care for instructions
regarding the cancellation of all future dated payments and transfers. Bank may continue to make payments and transfers and to
perform other Services that Customer has previously authorized or may subsequently authorize; however, Bank is not under any obligation
to do so. Bank will not be liable if it chooses to make any payment or transfer or to perform any other Services that Customer
has previously authorized or subsequently authorizes after an Appendix had terminated.

 

14.4         Notwithstanding
the foregoing, Bank may, without prior notice, terminate this Agreement and terminate or suspend any Service(s) provided to Customer
pursuant hereto (i) if Customer or Bank closes any Account established in connection with the Service, (ii) if Bank determines
that Customer has failed to maintain a financial condition deemed reasonably satisfactory to Bank to minimize any credit or other
risks to Bank in providing Services to Customer, including the commencement of a voluntary or involuntary proceeding under the
United States Bankruptcy Code or other statute or regulation relating to bankruptcy or relief of debtors, (iii) in the event of
a material breach, default in the performance or observance of any term, or breach of any representation or warranty by Customer,
(iv) in the event of default by Customer in the payment of any sum owed by Customer to Bank hereunder or under any note or other
agreement, (v) if there has been a seizure, attachment, or garnishment of Customer’s Accounts, assets or properties, (vi)
if Bank believes immediate action is required for the security of Bank or Customer funds or (vii) if Bank reasonably believes that
the continued provision of Services in accordance with the terms of this Agreement or any Appendix would violate federal, state
or local laws or regulations, or would subject Bank to unacceptable risk of loss. In the event of any termination hereunder, all
fees due Bank under this Agreement as of the time of termination shall become immediately due and payable. Notwithstanding any
termination, this Agreement shall remain in full force and effect with respect to all transactions initiated prior to such termination.

 

15.         Limitation of Liability; Disclaimer of Warranties.

 

15.1         Except
to the extent required by law, the liability of Bank in connection with the Services will be limited to actual damages sustained
by Customer and only to the extent such damages are a direct result of Bank’s gross negligence, willful misconduct, or bad
faith. In no event shall Bank be liable for any consequential, special, or indirect loss or damage that Customer may suffer or
incur in connection with the Services, including, without limitation, attorneys’ fees, lost earnings or profits and loss
or damage from subsequent wrongful dishonor resulting from Bank’s acts, regardless of whether the likelihood of such loss
or damage was known by Bank and regardless of the basis, theory or nature of the action on which a claim is asserted. Except to
the extent otherwise provided by law, Bank’s aggregate liability to Customer for all losses, damages, and expenses incurred
in connection with any single claim shall not exceed an amount equal to the monthly billing paid by, charged to or otherwise assessed
against Customer for Services over the three (3) month-period immediately preceding the date on which the damage or injury giving
rise to such claim is alleged to have occurred or such fewer number of preceding months as this Agreement has been in effect. This
Agreement is only between Bank and Customer, and Bank shall have no liability hereunder to any third party.

 

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15.2         Except
as otherwise expressly provided in Section 8 of this Agreement, Bank shall not be liable for any loss, damage or injiuy caused
by any act or omission of any third party; for any charges imposed by any third party; or for any loss, damage or injury caused
by any failure of the hardware or software utilized by a third party to provide Services to Customer.

 

15.3         Bank
shall not be liable or responsible for damages incurred as a result of data supplied by Customer that is inaccurate, incomplete,
not current, or lost in transmission. It is understood that Bank assumes no liability or responsibility for the inaccuracy, incompleteness
or incorrectness of data as a result of such data having been supplied to Customer through data transmission.

 

15.4         Bank
is not liable for failing to act sooner than required by any Appendix or applicable law. Bank also has no liability for failing
to take action if Bank had discretion not to act.

 

15.5         Bank
shall not be responsible for Customer's acts or omissions (including, without limitation, the amount, accuracy, timeliness of transmittal
or due authorization of any entry, funds transfer order, or other instruction received from Customer) or the acts or omissions
of any other person, including, without limitation, any Automated Clearing House processor, any Federal Reserve Bank, any financial
institution or bank, any transmission or communication facility, any receiver or receiving depository financial institution, including,
without limitation, the return of an entry or rejection of a funds transfer order by such receiver or receiving depository financial
institutions, and no such person shall be deemed Bank's agent. Bank shall be excused from failing to transmit or delay in transmitting
an entry or funds transfer order if such transmittal would result in Bank's having exceeded any limitation upon its intra-day net
funds position established pursuant to Federal Reserve guidelines or otherwise violating any provision of any risk control program
of the Federal Reserve or any rule or regulation of any other U.S. governmental regulatory authority. In no event shall Bank be
liable for any damages resulting from Bank’s action or inaction which is consistent with regulations issued by the Board
of Governors of the Federal Reserve System, operating circulars issued by a Federal Reserve Bank or general banking customs and
usage. To the extent required by applicable laws, Bank will compensate Customer for loss of interest on funds as a direct result
of Bank’s failure to comply with such laws in executing electronic transfers of funds, if such failure was within Bank’s
control. Bank shall not be liable for Customer’s attorney’s fees in connection with any such claim.

 

15.6         CUSTOMER
EXPRESSLY AGREES THAT USE OF THE SERVICES IS AT CUSTOMER’S SOLE RISK, AND THE SERVICE IS PROVIDED “AS
IS,’’ AND BANK AND ITS SERVICE PROVIDERS AND AGENTS DO NOT MAKE, AND EXPRESSLY DISCLAIM ANY. WARRANTIES, EITHER EXPRESSED
OR IMPLIED, WITH RESPECT TO THE SERVICES, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR
A PARTICULAR PURPOSE, TITLE, OR NON-INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS, OR THAT THE SERVICES WILL BE UNINTERRUPTED
OR ERROR FREE, WITHOUT BREACHES OF SECURITY OR WITHOUT DELAYS. IN THOSE STATES THAT DO NOT ALLOW THE EXCLUSION OR LIMITATION
OF LIABILITY, THE LIABILITY OF BANK AND ITS SERVICE PROVIDERS AND AGENTS IS LIMITED TO THE FULLEST POSSIBLE EXTENT PERMITTED
BY LAW.

 

15.7         The
provisions of this Section 15 shall survive termination of this Agreement.

 

16.         Indemnification.

 

16.1         Except
as otherwise expressly prohibited or limited by law, Customer shall indemnify and hold Bank harmless from any and all liabilities,
losses, damages, costs, and expenses of any kind (including, without limitation, the reasonable fees and disbursements of counsel
in connection with any investigative, administrative or judicial proceedings, whether or not Bank shall be designated a party thereto)
which may be incurred by Bank relating to or arising out of:

 

(i)          any
claim of any person that (a) Bank is responsible for any act or omission of Customer or (b) a Customer payment order contravenes
or compromises the rights, title or interest of any third party, or contravenes any law, rule, regulation, ordinance, court order
or other mandate or prohibition with the force or effect of law;

 

(ii)         any
failure by Customer to observe and perform properly all of its obligations hereunder or any wrongful act of Customer or any of
its Affiliates;

 

(iii)        any
breach by Customer of any of its warranties, representations or agreements;

 

(iv)        any
action taken by Bank in reasonable reliance upon information provided to Bank by Customer or any Affiliate or subsidiary of Customer;
and

 

(v)         any
legal action that Bank responds to or initiates, including any interpleader action Bank commences, involving Customer or Customer’s
Account(s), including without limitation, any state or federal legal process, writ of attachment, execution, garnishment, tax levy
or subpoena.

 

16.2         Notwithstanding
the foregoing, Bank shall have no right to be indemnified hereunder for losses resulting from its own gross negligence or willful
misconduct as finally determined by a court of competent jurisdiction.

 

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16.3         The
provisions of this Section 16 shall survive termination of this Agreement.

 

17.          Lawyer
Trust Accounts.     This Section 17 applies to law firms that have established lawyer trust accounts, including but not
limited to IOLTA, IOTA and IOLA Accounts (collectively, “Lawyer Trust Accounts”), in the State of New Jersey and as
may be applicable under other States’ laws. In the event that Customer is a law firm in the State of New Jersey or such
other State(s) as may be applicable, and Customer’s clients’ funds are held in Lawyer Trust Account(s), Customer agrees
and shall ensure that only lawyers that are Authorized Representatives of Customer may initiate debits from such Lawyer Trust
Account(s). Such debit transfers may include, but are not limited to, wire, ACH and book transfers through the Bank Internet System
or through such other Services as may be made available by Bank from time to time.

 

18.          Force
Majeure.     Neither party shall bear responsibility for non-performance
of this Agreement to the extent that such non-performance is caused by an event beyond that party’s control, including, but
not necessarily limited to, fire, casualty, breakdown in equipment or failure of telecommunications or data processing services,
lockout, strike, unavoidable accident, act of God, riot, war or the enactment, issuance or operation of any adverse governmental
law, ruling, regulation, order or decree, or an emergency that prevents Bank or Customer from operating normally.

 

19.          Documentation.     The
parties acknowledge and agree that all documents evidencing, relating to or arising from the parties’ relationship may be
scanned or otherwise imaged and electronically stored and the originals (including manually signed originals) destroyed. The parties
agree to treat such imaged documents as original documents and further agree that such reproductions and copies may be used and
introduced as evidence at any legal proceedings including, without limitation, trials and arbitrations, relating to or arising
under this Agreement.

 

20.          Entire
Agreement.     Bank and Customer acknowledge and agree that this Agreement and any amendments hereto, all other documents
incorporated by reference therein, and Appendices constitute the complete and exclusive statement of the agreement between them
with respect to the Services, and supersede any prior oral or written understandings, representations, and agreements between
the parties relating to the Services.

 

21.          Amendments.     Bank may, at any time, amend this Agreement, the Services or Appendices in its sole discretion and from time to time.
Except as expressly provided otherwise in this Agreement, any such changes generally will be effective immediately upon notice
to Customer as described below. Customer will be deemed to accept any such changes if Customer accesses or uses any of the Services
after the date on which the change becomes effective. Customer will remain obligated under this Agreement and any Appendices, including
without limitation, being obligated to pay all amounts owing thereunder, even if Bank amends this Agreement or any Appendices.
Notwithstanding anything to the contrary in this Agreement or in any Appendix, if Bank believes immediate action is required for
security of Bank or Customer funds, Bank may immediately initiate changes to any security procedures and provide prompt subsequent
notice thereof to Customer.

 

22.          Severability.     If any provision of this Agreement shall be determined by a court of competent jurisdiction to be unenforceable as written,
that provision shall be interpreted so as to achieve, to the extent permitted by applicable law, the purposes intended by the original
provision, and the remaining provisions of this Agreement shall continue intact. In the event that any statute, regulation or government
policy to which Bank is subject and that governs or affects the transactions contemplated by this Agreement, would invalidate or
modify any portion of this Agreement, then this Agreement or any part thereof shall be deemed amended to the extent necessary to
comply with such statute, regulation or policy, and Bank shall incur no liability to Customer as a result of Bank’s compliance
with such statute, regulation or policy.

 

23.          Assignment
and Delegation.     Bank may assign any of its rights or delegate any of its responsibilities in whole or in part without
notice to or consent from Customer. Customer may not assign, delegate or otherwise transfer its rights or responsibilities under
this Agreement without Bank’s prior written consent, which consent Bank may grant or withhold in its sole discretion.

 

24.          Successors.     This
Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns.

 

25.          Non-Waiver.     No
deviation from any of the terms and conditions set forth or incorporated in this Agreement shall constitute a waiver of any right
or duty of either party, and the failure of either party to exercise any of its rights hereunder on any occasion shall not be
deemed to be a waiver of such rights on any future occasion.

 

26.          Governing
Law.     Any claim, controversy or dispute arising under or related to this Agreement shall be governed by and interpreted
in accordance with federal law and, to the extent not preempted or inconsistent therewith, by the laws of the State of New Jersey.

 

27.          Notices.

 

27.1         Except
as otherwise expressly provided in this Agreement, all notices that are required or permitted to be given by Customer (including
all documents incorporated herein by reference) shall be sent by first class mail, postage prepaid, and addressed to Bank at the
address provided to Customer in writing for that purpose. All such notices shall be effective upon receipt.

 

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27.2         Customer
authorizes Bank to, and Customer agrees that Bank may, send any notice or communication that Bank is required or permitted to give
to Customer under this Agreement, including but not limited to notice of any change to the Services, this Agreement or any Appendix,
to Customer’s business mailing address or Customer’s business e-mail address as it appears on Bank’s records,
or electronically by posting the notice on Bank’s website, on an Account statement or via facsimile, and that any such notice
or communication will be effective and deemed delivered when provided to Customer in such a manner. Customer agrees to notify Bank
promptly about any change in Customer’s business mailing or Customer’s business e-mail address and acknowledges and
agrees that no such change will be effective until Bank has had a reasonable opportunity to act upon such notice. Customer agrees
that Bank may consider any such notice or communication as being given to all Account owners when such notice or communication
is given to any one Account owner.

 

 

28.         Jury
Trial Waiver. BANK AND CUSTOMER EACH AGREE THAT NEITHER BANK NOR CUSTOMER SHALL (I) SEEK A JURY TRIAL IN ANY
LAWSUIT, PROCEEDING, COUNTERCLAIM, OR ANY OTHER ACTION BASED UPON, OR ARISING OUT OF, THIS AGREEMENT OR ANY ACCOUNT OR THE
DEALINGS OF THE RELATIONSHIP BETWEEN BANK AND CUSTOMER, OR (II) SEEK TO CONSOLIDATE ANY SUCH ACTION WITH ANOTHER IN WHICH A
JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. THE PROVISIONS OF THIS SECTION SHALL BE SUBJECT TO NO EXCEPTIONS. NEITHER BANK
NOR CUSTOMER HAS AGREED WITH OR REPRESENTED TO THE OTHER THAT THE PROVISIONS OF THIS SECTION WILL NOT BE FULLY ENFORCED IN
ALL INSTANCES. BANK AND CUSTOMER EACH ACKNOWLEDGE THAT THIS WAIVER HAS BEEN KNOWINGLY AND VOLUNTARILY MADE. The provisions of
this Section 28 shall survive termination of this Agreement.

 

29.         Beneficiaries.
This Agreement is for the benefit only of the undersigned parties hereto and is not intended to and shall not be construed
as granting any rights to or otherwise benefiting any other person.

 

30.         Recording
of Communications. Customer and Bank agree that all telephone conversations or data transmissions between them or their
agents made in connection with this Agreement may be recorded and retained by either party by use of any reasonable means.

 

31.         Facsimile
Signature. The parties acknowledge and agree that this Agreement and any Appendix or Amended Appendices may be executed
and delivered by facsimile, and that a facsimile signature shall be treated as and have the same force and effect as an original
signature. Notwithstanding the foregoing, Bank may, in its sole and exclusive discretion, also require Customer to deliver this
Agreement and any Appendix or Amended Appendices with an original signature for its records.

 

32.         Relationship.
Customer and Bank are not, and Customer and Bank’s licensors are not, partners, joint venturers or agents of each
other as a result of this Agreement.

 

33.         Section
Headings. The section headings used in this Agreement are only meant to organize this Agreement, and do not in any way
limit or define Customer’s or Bank’s rights or obligations.

 

IN
WITNESS WHEREOF, Customer and Bank have duly caused this Agreement, including all applicable Appendices, to be executed
by an Authorized Representative.

 

	HARRIS & HARRIS GROUP, INC.	 	TD BANK, N.A.
	(Customer)	 	 
	 	 	 
	1450 Broadway, 24th Floor	 	 
	New York, NY 10018	 	 
	(Address)	 	 
	 	 	 
	By:	 	By:
	(Signature of Authorized Representative)	 	(Signature)
	 	 	 
	Print Name:	 	Print Name:  Teresa M. Breen
	 	 	 
	Title:	 	Title:  Vice President, Cash Management Officer

 

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APPENDIX
I

 

TD
TREASURYDIRECT SERVICES

 

This
Appendix is incorporated by reference into the parties’ Cash Management Master Agreement and governs Customer’s use
of the Bank Internet System (or “TreasuryDirect”). All capitalized terms used herein without definition shall have the
meanings given to them in the parties’ Cash Management Master Agreement. Except as otherwise expressly provided in this Appendix,
to the extent that this Appendix is inconsistent with the provisions of the Cash Management Master Agreement, this Appendix and
any amendment hereto from time to time shall control, but only to the extent necessary to resolve such conflict.

 

TERMS
AND CONDITIONS

 

		1.	Definitions.

 

“Account(s)”
means a checking, regular statement savings, money market deposit, certificate of deposit, investment or commercial loan account(s)
Customer maintains with Bank for business or non-consumer purposes that is designated by Customer for use with the Services, as
described below.

 

“Account
Agreement” means any and all agreements between Customer and Bank which govern Customer Accounts (as defined above)
and which were provided to Customer when Customer opened its Account(s), or any other documents governing Customer’s Account(s),
each as may be amended from time to time.

 

“Administrator”
or “Account
Administrator" means Customer’s employee(s) or other person(s) that Customer (or any Administrator designated
by Customer) designates on the Services’ Setup Form(s) (or by on-line changes to such designations as described below) as
being its Authorized Representative, or as authorized to act on Customer’s behalf, with respect to the Services.

 

“Appendix”
means this TreasuryDirect Services Appendix, including all procedures, Setup Form(s), exhibits, schedules, documents and agreements
referenced herein, each as may be amended from time to time.

 

“Authorized
User” means any person Customer’s Administrator designates as being authorized to access or use any of the
Services on Customer’s behalf.

 

“Payment”
means a transfer of funds to or from Account(s).

 

“User
ID” means the electronic identification, in letters and numerals, assigned to Customer by Bank or to any additional
Authorized Users designated by Customer’s Account Administrator.

 

		2.	Services.

 

2.1           This
Appendix describes the terms and conditions under which Bank will provide Customer with access to and use of any of the electronic
information delivery and transaction initiation services that Bank makes available using the Bank Internet System.

 

2.2           By
accessing the Services with the Access Devices, Customer may perform any or all of the Services described in this Appendix and
selected for use in the Services’ Setup Form(s) and that Bank has approved for Customer’s use. Bank reserves the right
to reject Customer’s Services’ Setup Form(s), schedules and other required documents and to refuse Customer access
to or use of the Services for any reason and in Bank’s sole discretion. Bank may, in its sole and exclusive discretion, introduce
new features of the Services from time to time but is not required to notify Customer of the availability of any such new features.

 

2.3           By
subscribing to the Services, Customer will have access to the Services’ basic features, which include but may not be limited
to, in Bank’s sole and exclusive discretion, the following:

 

2.3.1           Previous-Day
Balance Reporting.     Previous-Day Balance Reporting allows Customer to review the balances and
transaction history in Customer’s checking, savings and loan Account(s) for three hundred sixty-five (365) Calendar Days.
Customer may also view images of deposit tickets, deposit items, paid checks, and return deposited items through this feature.
The period over which this information may be viewed commences only as of the implementation of the Services, and transactional
history and check images may not be viewed for pre-implementation time periods.

 

2.3.2           Same-Day
Balance Reporting.     Same-Day
Balance Reporting allows Customer to review same-day wire transfer activity, and selected ACH activity, as applicable.

 

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2.3.3           Book
Transfers.     Book
Transfers allows Customer to make intra-bank fund transfers between Customer’s checking and savings Accounts, Customer
may initiate book transfers up to thirty-three (33) days in advance. All such transfers are subject to the Account Agreement.
Transfer amounts are limited to the available balance in the Account(s) on the effective date of the transfer. The number of transfers
from interest bearing checking and savings Accounts are subject to the terms of the Account Agreement and federal regulation.
Transfers performed by Bank’s cut-off time as set forth in the Services’ Setup Form(s) on a Business Day will be posted
to the Account as of that Business Day. Customer is solely responsible for the review of the previous day’s transaction
report to ensure that the transaction was processed. Only Book Transfers initiated though the Services will be displayed on the
Services’ Book Transfer reports tab.

 

2.3.3.1           Future-Dated
Book Transfer.     In conjunction with Book Transfers, a request to transfer funds between Customer’s Accounts may
be initiated and approved for a future date. Future-dated transfers will be initiated on the Business Day requested by Customer,
not on the date Customer entered the transaction using the Services. A funds transfer request (whether it is a same-day funds
transfer or a future-dated transfer) may not result in an immediate transfer of funds or immediate availability because of the
time required to process the transaction. A future-dated transfer may be cancelled through the Services at any time prior to the
Business Day on which the transfer is scheduled to occur.

 

2.3.4           Stop
Payment. Stop payments of checks drawn on Customer’s Account(s) are subject to the terms and conditions of the
Account Agreement. Notwithstanding anything in the Account Agreement to the contrary, Customer may use the Services to initiate
stop payment orders for an individual check or a range of checks. Bank shall have no responsibility for losses resulting from any
delay in Bank’s receipt of stop payment orders transmitted by means of the Bank Internet System or for Customer not taking
additional actions when a response message from the Bank Internet System indicates a response other than “Stop Payment was
Accepted.” Customer must provide Bank with the EXACT
CHECK NUMBER OR RANGE OF CHECK NUMBERS. When known, Customer should provide the EXACT
AMOUNT OF THE CHECK, the NAME
OF THE PAYEE(S) and the ISSUE
DATE OF THE CHECK(S). If the check number is incorrect in any way or the amount of the check is inaccurate by one cent
or more in the stop payment order, payment will not be stopped and Bank will not be responsible for resulting losses. All other
information must be reasonably accurate. Requests entered on the current day may not be effective until one (1) Business Day after
receipt, and after Bank has had a reasonable time to act on the request. Requests made on a non-Business Day or on Saturday, Sunday
or federal holidays are entered on the next Business Day but may not be effective until the second (2nd) Business Day
after receipt. Stop payments using the Bank Internet System are effective for three hundred sixty-five (365) Calendar Days unless
renewed before the end of the 365-day period. Except as otherwise provided by Compliance Laws, Customer shall not have the right
to stop payment on or recall any payment order or transfer request given hereunder after it has been transmitted to Bank. Only
stop payment orders initiated or recalled through the Bank Internet System will be displayed on the Bank Internet System’s
Stop Payment Reports tab. Stop payment orders that are not initiated through the Bank Internet System may not be recalled through
the Bank Internet System.

 

2.4           In
addition to the Services as described in this Appendix and/or in the Services’ Setup Form(s), additional features or modules
related to the Services may be offered from time to time by Bank, in its sole and exclusive discretion, including but not limited
to the following:

 

2.4.1           Wire
Transfers.     Wire
transfers are subject to the terms and conditions of the Wire Transfer Services Appendix. This Service allows Customer
to transfer funds electronically, typically from Customer’s Account(s) to other account(s) with Bank or to account(s) at
other banks. Except for future-dated transfers, domestic or foreign wire transfers entered through the Services will be processed
on the Business Day they are received, provided that they are received in accordance with Bank’s cut-off time(s) for foreign
wires and for domestic wires, as set forth in the Wire Transfer Services Appendix.

 

2.4.2           ACH
Originations.     ACH
originations are subject to the terms and conditions of the Automated Clearing House (ACH) Origination Appendix or the
Third-Party Sender Services Appendix, as applicable. This Service allows Customer to initiate and approve (with pre-authorization)
ACH transactions that Customer desires Bank to enter into the ACH network on Customer’s behalf. Except for future-dated
transactions, ACH transactions entered through the Services will be processed (but not settled) on the Business Day they are received,
provided that they are received in accordance with Bank’s cut-off time, as set forth in the Automated Clearing House (ACH)
Origination Appendix or the Third-Party Sender Services Appendix, as applicable.

 

3.          Hours
of Access.     Customer generally may access the Services 24 hours a day, seven (7) days a week. Customer may not be able
to access the Services, however, during any special or other scheduled maintenance periods or interruption or delay due to causes
beyond Bank’s control. These hours of access are subject to change without notice.

 

		4.	Account Designation.

 

4.1           Customer
may designate any of Customer’s Accounts maintained with Bank for business or non-consumer purposes for use with the Services.
The taxpayer identification number for each Account must be the same, and each Account is subject to the other conditions set forth
in this Appendix, except as Bank, in its sole discretion, may otherwise permit. Bank reserves the right to deny any Account designation
for use with the Services in its sole discretion.

 

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4.2           Customer
may at any time add or delete any Account that Customer has designated for use with any of the Services, or change the Services
associated with any Account, by notifying Bank in writing.

 

		5,	Administrator(s) and Authorized Users.

 

5.1           Customer
shall designate Administrator(s) with Bank as set forth in the Services’ Setup Form(s). Customer is solely responsible
for designating its Administrator(s).

 

5.2           The
Administrator(s) may designate other Administrators and/or Authorized
Users. Customer accepts as its sole responsibility the Administrator’s designation of other Administrators and Authorized
Users. Customer understands that the Administrator(s) will control, and Customer authorizes the Administrator(s) to control, access
by other Administrators and Authorized Users of the Services through the issuance of Access Devices. The Administrator(s) may add,
change or terminate Customer’s Authorized User(s) from time to time and in his/her sole discretion. Bank does not control
access by any of Customer’s Authorized Users to any of the Services. Bank recommends that Customer manage its use of the
Services and its Administrators by requiring dual control to set up new Authorized Users.

 

5.3           Customer
will require each Administrator and each Authorized User to comply with all provisions of this Appendix and all other applicable
agreements. Customer acknowledges and agrees that it is fully responsible for the failure of any Administrator or any Authorized
User to so comply. Customer is responsible for any Payment, transfer and other Services and charges incurred by any Administrator
and any Authorized User, even if such Administrator or Authorized User exceeds his/her authorization.

 

5.4           Whenever
any Authorized User leaves Customer’s employ or Customer otherwise revokes the authority of any Authorized User to access
or use the Services, the Administrator(s) are solely responsible for deactivating such Authorized User’s Access Devices.
Customer shall notify Bank in writing whenever a sole Customer Administrator leaves Customer’s employ or Customer otherwise
revokes a sole Administrator’s authority to access or use the Services.

 

6.          Access
Devices; Security Procedures.

 

6.1           Upon
successful enrollment, Customer can access the Services from Bank’s designated website, using the Services’
security procedures as described from time to time. Bank will provide the Administrator(s) initially designated by Customer
with an initial individual password to gain access to the Services. The Administrator(s) and Authorized User(s) must change
his or her individual password from time to time for security purposes, as prompted by the Bank Internet System or more
frequently.

 

6.2           Customer
acknowledges that the Administrator(s) will, and Customer authorizes the Administrator(s) to, select other Administrators and Authorized
Users by issuing to any person a unique User ID and password. Customer further acknowledges that the Administrator(s) may, and
Customer authorizes the Administrator(s) to, change or de-activate the unique User ID and/or password from time to time and in
his or her sole discretion.

 

6.3           Customer
acknowledges that, in addition to the above individual passwords, access to the Services includes, as part of the Access Devices,
a multi-factor authentication security procedure for Customer, including Customer’s Administrator and Authorized Users.
This additional security procedure incorporates use of a physical security device or token (“Token”) for Customer authentication.
A Token will be issued to the Administrator(s) for administrative and transactional functionality, as well as to any Authorized
User(s) authorized to initiate and/or approve ACH transactions and wire transfers. Physical security of each Token is Customer’s
sole responsibility. With the Token, each Authorized User will receive a PIN number that the Authorized User must keep in a secure
place. When an Authorized User leaves Customer’s employ, his or her User ID must be deleted and, if a Token had been issued
to such Authorized User, Bank must be promptly notified so that Bank may deactivate such Authorized User’s Token. Any additional
Authorized User requiring a Token must be authorized, in writing by Customer to Bank, for Token creation or re-creation and deployment.
If applicable, fees may be assessed for additional Tokens.

 

6.4           Customer
further acknowledges and agrees that all wire transfers and ACH transactions initiated through the Services incorporate “dual
control” or separation of duties. With this additional security feature, one Authorized User will be permitted to create,
edit, cancel, delete and restore ACH batches or wire transfer orders under his/her unique User ID, password and Token; a second
different
Authorized User with his/her own unique User ID, password and Token will be required to approve, release or delete ACH batches
or wire transfer orders.

 

6.5           Customer
accepts as its sole responsibility the selection, use, protection and maintenance of confidentiality of, and access to, the Access
Devices. Customer agrees to take reasonable precautions to safeguard the Access Devices and keep them confidential. Customer agrees
not to reveal the Access Devices to any unauthorized person. Customer further agrees to notify Bank immediately if Customer believes
that the confidentiality of the Access Devices has been compromised in any manner.

 

6.6           The
Access Devices identify and authenticate Customer (including the Administrator and Authorized Users) to Bank when Customer accesses
or uses the Services. Customer authorizes Bank to rely on the Access Devices to identify Customer when Customer accesses or uses
any of the Services, and as signature authorization for any Payment, transfer or other use of the Services. Customer acknowledges
and agrees that Bank is authorized to act on any and all communications or instructions received using the Access Devices, regardless
of whether the communications or instructions are authorized. Bank owns the Access Devices, and Customer may not transfer them
to any other person or entity.

 

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6.7           Customer
acknowledges and agrees that the Access Devices and other security procedures applicable to Customer’s use of the Services
and set forth in this Appendix are a commercially reasonable method for the purpose of verifying whether any Payment, transfer
or other use of the Services was initiated by Customer. Customer also agrees that any election Customer may make to change or waive
any optional security procedures recommended by Bank is at Customer’s risk and that any loss resulting in whole or in part
from such change or waiver will be Customer’s responsibility. Customer further acknowledges and agrees that the Access Devices
are not intended, and that it is commercially reasonable that the Access Devices are not intended, to detect any errors relating
to or arising out of a Payment, transfer or any other use of the Services.

 

6.8           If
Customer has reason to believe that any Access Devices have been lost, stolen or used (or may be used) or that a Payment or other
use of the Services has been or may be made with any Access Devices without Customer’s permission, Customer must contact
its Administrator and Bank. In no event will Bank be liable for any unauthorized transaction(s) that occurs with any Access Devices.

 

7.          Debiting
Customer’s Account(s).     Customer authorizes Bank to charge and automatically deduct the amount of any Payment from
Customer’s Account(s) (or any other Account Customer maintains with Bank, if necessary), in accordance with the Cash Management
Master Agreement and the Account Agreement.

 

8.          Use
of Financial Management (FM) Software.     Use
of the Services may be supplemented by use of certain FM software. Compatibility and functionality of the FM software with the
Services may vary depending upon the FM software Customer is using, and Bank makes no representations or guarantees regarding
use of the Services with Customer’s FM software. Bank will provide Customer with reasonable assistance, when requested,
to enable Customer’s use of the Services with FM software. Bank is not responsible for any problems related to the FM software
itself, Customer’s Computer or Customer’s ability to connect using the FM software as described in this Appendix.

 

9.          Security.     Customer
agrees not to disclose any proprietary information regarding the Services to any third party (except to Customer’s 

Administrator(s)
and Authorized User(s)). Customer also agrees to comply with any operating, security and recognition procedures Bank may establish
from time to time with respect to the Services. Customer will be denied access to the Services if Customer fails to comply with
any of these procedures. Customer acknowledges that there can be no guarantee of secure transmissions over the Internet and that
the Services’ security procedures are reasonable. Customer is responsible for reviewing the transaction reports Bank provides
on-line and in Customer’s monthly statements to detect unauthorized or suspicious transactions. In addition to any other
provision hereof regarding authorization of transactions using the Services, all transactions will be deemed to be authorized
by Customer and to be correctly executed thirty (30) Calendar Days after Bank first provides Customer with a statement or online
transaction report showing that transaction, unless Customer has provided written notice that the transaction was unauthorized
or erroneously executed within that period. In order to minimize risk of loss, Customer agrees to cause its Administrator or designated
Authorized User(s) to review the transaction audit log available with the Services to detect unauthorized or erroneous transactions
not less than once every five (5) Calendar Days.

 

10.         Terminating
this Appendix; Liability.

 

10.1         This
Appendix may be terminated in accordance with the terms and conditions of the Cash Management Master Agreement.

 

10.2         The
provisions of this Appendix relating to Customer’s and Bank’s liability and the disclaimer of warranties set forth
in the Cash Management Master Agreement and incorporated herein by reference shall survive the termination of this Appendix.

 

11.         Changes
to the Services and this Appendix.

Bank may change the Services and this Appendix (including
any amendments hereto) in accordance with the terms and conditions of the Cash Management Master Agreement.

 

12.         Notices.
Notices required by this Appendix shall be provided in accordance with the terms and conditions of the Cash Management
Master Agreement.

 

13.         Effectiveness.
Customer agrees to all the terms and conditions of this Appendix. The liability of Bank under this Appendix shall in
all cases be subject to the provisions of the Cash Management Master Agreement, including, without limitation, any provisions
thereof that exclude or limit warranties made by, damages payable by or remedies available from Bank. This Appendix replaces and
supersedes all prior agreements on file with respect to the Services and shall remain in full force and effect until termination
or such time as a different or amended Appendix is accepted in writing by Bank or the Cash Management Master Agreement is terminated.

 

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APPENDIX
III

 

TD
WIRE TRANSFER SERVICES

 

This
Appendix is incorporated by reference into the parties’ Cash Management Master Agreement, and the parties’ Bank Internet
System Agreement, and applies to all TD Wire Transfer Services (“Services”) made available to Customer by Bank via
the Bank Internet System. All capitalized terms used herein without definition shall have the meanings given to them in the Cash
Management Master Agreement or the Bank Internet System Agreement, as applicable. To the extent that this Appendix is inconsistent
with the provisions of the Cash Management Master Agreement, or with the terms and conditions of the Bank Internet System Agreement,
this Appendix and any amendment hereto from time to time shall control, but only to the extent necessary to resolve such conflict.

 

TERMS
AND CONDITIONS

 

		1.	Description of the Services.

 

1.1           The
Services described in this Appendix provide Customer with the capability to transfer funds from specific Account(s) to other accounts
(the “Recipient Account(s)”) as directed via the Bank Internet System. The Recipient Account(s) may be Customer accounts
or third-party accounts, and may be with Bank or with domestic or foreign third-party financial institutions. Customer may use
the Services to initiate one-time wire transfers, or to create templates for wire transfers made on a repetitive basis which involve
the same Customer Account and Recipient Account (“Repetitive Transfers)”). All wire transfers must be initiated by
an Authorized Representative of Customer.

 

1.2           Prior
to Customer’s use of the Services, Customer must first agree to and transmit all instructions in accordance with all of the
terms, conditions and security procedures of the Bank Internet System Agreement, as may be amended by Bank from time to time.

 

		2.	Execution of Wire Transfers.

 

2.1           By
submitting a wire transfer, Customer authorizes Bank to withdraw the amount of any requested wire transfer which Customer may authorize
and instruct via the Bank Internet System, plus any applicable fees and charges, from Customer’s designated Account. Subject
to the terms of this Appendix, Bank will accept and execute a wire transfer received from Customer that has been authenticated
by Bank and that is in conformity with the Security Procedure (as further described below), cut-off times and other requirements
as described in this Appendix and associated Bank setup form(s) and other documentation.

 

2.2           All
wire transfers to accounts at other depository institutions are transmitted using the Fedwire funds transfer system owned and operated
by the Federal Reserve Bank, or a similar wire transfer system used primarily for funds transfers between financial institutions.

 

2.3           Each
wire transfer must include the following information in addition to any information which Bank may require for proper identification
and security  purposes:
(i) account number from which the funds are to be withdrawn, (ii) amount to be transferred, (iii) name and ABA routing number
of the payee’s bank, and (iv) account name, address and account number of the payee. In the event a wire transfer describes
an account number for the payee that is in a name other than the designated payee, Bank may execute the wire transfer to the account
number so designated notwithstanding such inconsistency.

 

2.4           Templates
created by Customer for Repetitive Transfers are the sole and exclusive responsibility of Customer. Customer agrees to release
and hold Bank harmless from any loss or liability which Customer may incur after Bank has executed a Repetitive Transfer, including
without limitation, any loss due to Customer error in creating the Repetitive Transfer template.

 

		3.	Time of Execution.

 

3.1           Bank
will execute each authenticated wire transfer that is in conformity with all security procedures, cut-off times and other requirements
set forth herein, on the Business Day received, or on the Business Day requested by Customer if the wire transfer is future-dated.
Bank may require additional authentication of any wire transfer request. Bank reserves the right to reject a wire transfer request
that cannot be properly authenticated. Cut-off times may be established and changed by Bank from time to time. Instructions for
wire transfers received after such cut-off times may be treated by Bank for all purposes as having been received on the following
Business Day.

 

3.2           Except
for future-dated wire transfers, domestic wire transfers (U.S.-based receivers) initiated and approved by Bank’s cut-off
time on a Business Day will be processed that same day if that day is also a Business Day for Bank’s correspondent facility
and the recipient bank; wire transfers initiated and approved after Bank’s cut-off time for domestic wire transfers will
be processed the next Business Day if that day is also a Business Day for Bank’s correspondent facility and the recipient
bank. Future-dated domestic wire transfers will be initiated on the effective date requested by Customer, not on the date Customer
entered the transaction using the Services.

 

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3.3           Bank
may handle wire transfers received from Customer in any order convenient to Bank, regardless of the order in which they are received.

 

4.          International
Wires.

 

4.1           International
wire transfers (non-U.S. receivers) of foreign
currency initiated and approved by Bank’s cut-off time for international wire transfers of foreign currency on
a Business Day, and an international wire transfer of U.S.
currency initiated and approved by Bank’s cut-off time for international wire transfers of U.S. currency on a
Business Day will be processed within the industiy standard delivery time (in most, but not all cases, two (2) Business Days).
Foreign wire transfers may be subject to delays based on time-zone issues; the remote location of the recipient bank; cultural
differences with respect to holidays and times of observation, etc.; and incorrect or incomplete information being supplied by
Customer.

 

4.2           Bank
shall send Customer’s authorized and authenticated wire transfers to foreign banks through any bank which is a member of
Bank’s correspondent network. Neither Bank nor any of Bank’s correspondents shall be liable for any errors, delays
or defaults in the transfer of any messages in connection with such a foreign wire transfer by any means of transmission. If the
wire transfer is of currency other than that of the country to which it is being transferred, it shall be payable in the currency
of the country of the recipient financial institution, unless the payee arranges otherwise. If the wire transfer is received by
Bank prior to any cut-off time established from time to time, the currency exchange shall be made at the rate quoted by Bank at
the time of the wire transfer.

 

4.3           Bank
makes no guarantee or representation as to the availability of funds at the foreign destination. Bank makes no express or implied
warranty as to the time or date the wire transfer will arrive at the receiving bank, the amount of any fees to be charged by the
receiving bank or the time or date the beneficiary will receive credit for funds.

 

4.4           Customer
understands and acknowledges that if the named beneficiary does not match the account at the receiving bank, there is a risk the
beneficiary may not receive the wired funds. If the transfer is not received or credited in a timely manner, Bank will follow normal
and customary procedures to complete the wire transfer, determine the location of the wired funds and/or return the funds to Customer.
If Bank is unable to determine that the funds have been credited to the beneficiary’s account or have the funds returned,
Customer assumes all financial liability or risk of loss for the amount of the wire transfer.

 

4.5           International
wire transfers are subject to any and all applicable regulations and restrictions of U.S. and foreign governments relating to
foreign exchange transactions. Bank has no obligation to accept any international wire transfer(s) directed to or through persons,
entities or countries restricted by government regulation or prior Bank experience with particular countries. To the extent not
otherwise prohibited by law, in connection with any
international wire transfer(s) involving a transfer to or from any country' outside of the U.S., Customer agrees to release and
hold Bank harmless from any loss or liability which Customer may incur after Bank has executed the international wire transfer(s),
including without limitation, any loss due to failure of a foreign bank or intermediary to deliver the funds to a beneficiary.

 

5.          Cancellation
and Amendment of a Wire.     An Authorized
Representative may request that Bank attempt to cancel or amend a wire transfer previously received from Customer. If a
cancellation or amendment request is received by Bank before the wire transfer is executed and with sufficient time to afford
Bank an opportunity to act upon Customer’s request, Bank may, on its own initiative but without obligation, make a good
faith effort to act upon such request. In the event Customer’s cancellation or amendment request is received after
execution of Customer’s wire transfer request, Bank will attempt to have the wire transfer returned. Notwithstanding
the foregoing, Bank shall have no liability for the failure to effect a cancellation or amendment, and Bank makes no
representation or warranty regarding Bank’s ability to amend or cancel a wire transfer. Customer agrees to indemnify
Bank against any loss, liability or expense which Bank incurs as a result of the request to cancel or amend a wire transfer
and the actions Bank takes pursuant to such request.

 

6.          Notice
of Rejection or Return.     Bank
shall have no liability for wire transfers sent by Bank as directed by Customer which cannot be completed or which are returned
due to incorrect information furnished by Customer. Customer is required to fully complete beneficiary name, and address, as beneficiary
bank may elect to return an otherwise valid wire transfer for incomplete beneficiary information. Bank may reject or impose conditions
that must be satisfied before it will accept Customer’s instructions for any wire transfer, in its sole discretion, including
without limitation Customer’s violation of this Appendix, Customer’s failure to maintain a sufficient Account balance,
or Bank’s belief that the wire transfer may not have in fact been authorized. A wire transfer may also be rejected by an
intermediary or beneficiary bank other than Bank, or by operation of law. If a wire transfer is rejected, Bank will endeavor to
notify Customer promptly. Upon rejection or return, Bank shall have no further obligation to act upon a wire transfer, nor shall
Bank have any liability to Customer due to rejection by another person in the wire transfer process, or the fact that notice was
not given or was not given at an earlier time, or within any specified time of receipt, acceptance, execution or payment of any
wire transfer.

 

		7.	Security
                                         Procedure.

 

7.1           Customer
agrees that the security procedures used by Customer and set forth or incorporated by reference in this Appendix and/or associated
documents, including but not limited to the Bank Internet System Appendix, are a commercially reasonable method of providing security
against unauthorized wire transfers and for all other instructions from Customer to Bank (hereinafter the “Security Procedure”).
Any wire transfer by Customer shall bind Customer, whether or not authorized, if transmitted in Customer’s name and accepted
by Bank in compliance with the Security Procedure. Customer also agrees that any election Customer may make to change or refuse
the Security Procedure is at Customer’s risk and that any loss resulting in whole or in part from such change or refusal
will be Customer’s responsibility.

 

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7.2           Bank
may, from time to time, modify the Security Procedure. Except as expressly provided otherwise in this Appendix or in the parties’
Cash Management Master Agreement, any such changes generally will be effective immediately upon notice to Customer as described
in the parties’ Cash Management Master Agreement. Customer will be deemed to accept any such changes if Customer accesses
or uses any of the Services after the date on which the change becomes effective.

 

7.3           Bank
may, from time to time, propose additional or enhanced security procedures to Customer. Customer understands and agrees that if
it declines to use any such enhanced procedures, it will be liable for any losses that would have been prevented by such procedures.
Notwithstanding anything else contained in this Appendix, if Bank believes immediate action is required for security of Bank or
Customer funds, Bank may initiate additional security procedures immediately and provide prompt subsequent notice thereof to Customer.

 

7.4           Customer
hereby acknowledges that the Security Procedure is neither designed nor intended to detect errors in the content or verify the
contents of a wire transfer by Customer. Accordingly, any errors contained in wire transfers from Customer shall be Customer’s
responsibility, and Customer shall be obligated to pay or repay (as the case may be) the amount of any such wire transfer. No
security procedure for the detection of any such Customer error has been agreed upon between Bank and Customer.

 

7.5           Customer
is strictly responsible for establishing and maintaining procedures to safeguard against unauthorized wire transfers. Customer
covenants that no employee or other individual will be allowed to initiate wire transfers in the absence of proper authority,
supervision and safeguards, and agrees to take reasonable steps to maintain the confidentiality of the Security Procedure and
any Access Devices and related instructions provided by Bank in connection with any Security Procedure utilized by Bank and/or
Customer. If Customer believes or suspects that any such Access Devices, Security Procedure, information or instructions have
been disclosed to or accessed by unauthorized persons, Customer agrees to notify Bank immediately by calling 1-866-475-7262, followed
by written confirmation to TD Bank, N.A., Attn: Cash Management Customer Care, 6000 Atrium Way, Mt. Laurel, New Jersey, 08054.
The occurrence of unauthorized access will not affect any transfers made in good faith by Bank prior to receipt of such notification
and within a reasonable time period thereafter.

 

8.             Inconsistency
of Receiving Beneficiary Name and
Account Number.     Customer acknowledges and agrees that,
in accordance with Article 4A of the Uniform Commercial Code, Bank shall be entitled to rely upon the numbers supplied by Customer
to identify banks, beneficiaries and other parties to the wire transfer, even if those numbers disagree or are inconsistent with
the names of those parties as provided by Customer.

 

9.             Payment;
Authorization to Charge Account.     Customer agrees to pay Bank the amount of each wire transfer
received from Customer on the Business Day Bank executes said wire transfer or at such other time as Bank may determine. Bank
will validate that such sufficient funds are available prior to a wire transfer being executed. Bank may, however, in its sole
discretion, execute the wire transfer even if such execution should result in the creation of an overdraft in Customer’s
Account. Customer shall be liable to Bank for such overdraft. If sufficient funds are not available in Customer’s Account,
the wire transfer will not be executed. Bank may, without prior notice or demand, obtain payment of the amount of each wire transfer
by debiting the Account designated. In the event there are not sufficient funds available in the Account, Bank reserves the right
to debit any other Account that Customer maintains with Bank.

 

10.           Wire
Confirmation; Account Reconciliation.     Customer may confirm
the execution of a wire transfer via the Bank Internet System. Bank will mail, fax or email to Customer advices of each completed
wire transfer. Completed wire transfers will also be reflected in Customer’s periodic Account statement.

 

11.           Service
Providers. Bank
may use a service provider to perform, as Bank’s agent, all or any portion of Bank’s obligations under this Appendix.
Customer may be required to direct wire transfers and other requests to said provider.

 

		12.	Bank Reliance; Authentication.

 

12.1         Bank
shall be entitled to rely in good faith on communications it receives as being given or sent by an Authorized Representative and
as being genuine and correct. Bank shall not be liable to Customer for the consequences of such reliance.

 

12.2         BANK
MAY TAKE SUCH ADDITIONAL STEPS AND IMPLEMENT SUCH PROCEDURES AS IT MAY DEEM APPROPRIATE TO VERIFY THE AUTHENTICITY OF ANY WIRE
TRANSFER. BANK MAY DELAY THE EXECUTION OF ANY WIRE TRANSFER PENDING COMPLETION OF A CALL-BACK, OR RECEIPT OF ANOTHER
FORM OF VERIFICATION WHICH IS SATISFACTORY TO BANK. IF BANK IS UNABLE TO OBTAIN SATISFACTORY VERIFICATION, BANK, IN ITS
SOLE DISCRETION, MAY REFUSE TO EXECUTE ANY WIRE TRANSFER. In
no event shall Bank be liable for any delay in executing a wire transfer or for failure to execute a wire transfer due to the
absence of satisfactory verification.

 

12.3         Bank
may electronically record any telephone conversations between Bank personnel and Customer.

 

12.4         Wire
transfer transactions are subject to all the foregoing and all regulations governing electronic transactions, including but not
limited to Article 4A of the Uniform Commercial Code.

 

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13.         Effectiveness.
Customer agrees to all the terms and conditions of this Appendix. The liability of
Bank under this Appendix shall in all cases be subject to the provisions of the Cash Management Master Agreement, including, without
limitation, any provisions thereof that exclude or limit warranties made by, damages payable by or remedies available from Bank.
This Appendix replaces and supersedes all prior agreements on file with respect to the Services and shall remain in full force
and effect until termination or such time as a different or amended Appendix is accepted in writing by Bank or the Cash Management
Master Agreement is terminated.

 

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