with the Insured Deposit Program Updated 11/15/2016

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1 Insured Deposit Program Welcome to the FDIC Insured Deposit Program. Under this program, available cash balances (from security transactions, dividend and interest payments and other activities) in your eligible Pershing, LLC brokerage accounts will automatically be deposited into interest bearing Federal Deposit Insurance Corporation ("FDIC") insured deposit accounts ("Deposit Accounts") at one or more of the banks set forth below. Funds in the Deposit Accounts at each Bank are eligible for deposit insurance by the FDIC, up to a total of $250,000 in principal and interest per depositor in most insurable capacities (e.g. individual, joint, etc.) when aggregated with all other deposits held in the same insurable capacity at a Bank. Pershing, LLC, will deposit the available cash in your brokerage account in a Deposit Account at one or more of the Banks listed below, up to $246,500 for an individual account, and $493,000 for joint accounts of two or more, irrespective of the capacity in which you hold your brokerage account, and the maximum applicable FDIC insurance coverage available. As your funds will be eligible for up to $2,500,000 for individual accounts or $5,000,000 for joint accounts of total FDIC insurance coverage, subject to applicable limitations. Once $246,500 (or $493,000 for joint accounts of two or more) has been deposited in each of the Banks, any additional funds will be deposited in an "Excess Bank" without limit and without regard to maximum available FDIC insurance coverage. The interest rates on the Deposit Accounts will vary based upon the total net worth of the assets you maintain in your brokerage account, including cash. Pershing will link your brokerage account to additional brokerage accounts you hold at Pershing registered under the same social security number to determine your Interest Rate Tier. The aggregate assets of all "linked" brokerage accounts is referred to as your "Aggregate Net Worth" or "ANW." In general, clients with greater ANW may receive a higher interest rate than clients with lower ANW. Pershing will determine your ANW as of the interest posting date each month and add it to the ANW as of the interest posting date for the prior month which is then divided by two to determine your average Aggregate Net Worth for the period. This average Aggregate Net Worth will determine your eligibility for a particular Interest Rate Tier for the forthcoming interest period. If there isn't a prior period ANW, then the total amount (not the average) of your ANW will be used to determine your Interest Rate Tier for that initial interest period. Each Bank will pay FSC Securities Corporation ( FSC Securities ) a fee equal to a percentage of the average daily deposit balance in your Deposit Accounts at the Bank. The fee paid to FSC Securities may be an annual rate of up to 200 basis points on the Bank's Deposit Accounts. FSC Securities may waive any part of this fee at any time. Depending on the prevailing interest rate environment at a particular time, the fees paid by the Bank may be more or less than the interest the Bank pays on your deposit accounts. The fees FSC Securities receives from the Bank may be greater than the fees FSC Securities receives from other sweep investment options. The fee FSC Securities receives may differ among Banks depending on the interest rate environment and/or any fee reductions made by FSC Securities. The amount of fee received or waived by FSC Securities will affect the interest rate paid by the Bank on your deposit accounts. FSC Securities advisors do not receive any of the fees received by FSC Securities from the Banks. Upon request, FSC Securities will provide you with information concerning the fees it receives in connection with the Insured Deposit Program For yields on money market mutual funds that your Financial Advisor continues to offer, please contact your Advisor. CURRENT TIERS AND RATES Aggregate Net Worth (ANW) Tier Range Yield 1 $0 $25, % 2 25,001 $50, % 3 $50,001 $150, % 4 150,001 $500, % 5 $500,001 $2,500, % 6 Over $2,500, %

2 REGIONS: INSURED DEPOSIT PROGRAM BANKS Region 1: (AL, AR, IA, KS, KY, LA, MS, MO, NE, OK, TN) Region 2: (IL, IN, MI, OH, WI) 1 American Express Centurion Bank 1 2 American Express Bank, FSB 2 Wells Fargo Bank, NA 3 Wells Fargo Bank, NA 3 IberiaBank 4 Banc of California, N.A. 4 S&T Bank 5 Camden National Bank 5 First National Bank 6 Florida Community Bank 6 First Tennessee Bank, N.A. 7 S&T Bank 7 Banc of California, N.A. 8 Bank of New Hampshire 8 Cadence Bank, N.A. 9 The Bank of East Asia Ltd. 9 Bank of New Hampshire The Bank of East Asia Ltd. 12 MUFG Union Bank, N.A. 12 Union Bank and Trust 13 SunTrust Bank 13 Bryn Mawr Trust Co. 14 Bank of China 14 KeyBank N.A. 15 First County Bank 15 Bank of North Carolina 16 KeyBank N.A. 16 American Express Bank, FSB 17 EagleBank 17 Simmons Bank 18 First Tennessee Bank, N.A. 18 Towne Bank 19 Compass Bank 19 Mizuho Bank (USA) 20 Union Bank and Trust 20 Compass Bank 21 Cadence Bank, N.A. 21 Bank of Baroda 22 Simmons Bank 22 American Express Centurion Bank 23 Bank of North Carolina 23 Bank of China 24 Bryn Mawr Trust Co. 24 First County Bank 25 Towne Bank 25 MUFG Union Bank, N.A. 26 New York Community Bank 26 EagleBank 27 Mizuho Bank (USA) 27 New York Community Bank 28 Bank of Baroda 28 Enterprise Bank & Trust 29 Enterprise Bank & Trust 29 SunTrust Bank 30 Century Bank and Trust 30 Progress Bank and Trust

3 Region 3: (DE, MD, NJ, PA, DC) Region 4: (AK, CO, ID, MN, MT, ND, OR, SD, WA, WY) 1 Wells Fargo Bank, NA 1 American Express Bank, FSB 2 First National Bank 2 Wells Fargo Bank, NA 3 Banc of California, N.A. 3 Banc of California, N.A. 4 Century Bank and Trust 4 First National Bank 5 Bank of Baroda 5 KeyBank N.A. 6 6 Progress Bank and Trust 7 IberiaBank 7 First Tennessee Bank, N.A. 8 Florida Community Bank 8 Bryn Mawr Trust Co. 9 The Bank of East Asia Ltd. 9 MUFG Union Bank, N.A. 10 Bank of New Hampshire 10 S&T Bank 11 New York Community Bank 11 The Bank of East Asia Ltd. 12 American Express Bank, FSB 12 American Express Centurion Bank 13 First Tennessee Bank, N.A. 13 New York Community Bank 14 EagleBank 14 Bank of Baroda 15 Cadence Bank, N.A. 15 Simmons Bank SunTrust Bank 17 Northern Bank and Trust 17 Compass Bank 18 Bank of China 18 First County Bank 19 American Express Centurion Bank 19 EagleBank 20 S&T Bank 20 Cadence Bank, N.A. 21 Bank of North Carolina Simmons Bank 22 Bank of New Hampshire 23 First County Bank 23 Bank of China 24 Towne Bank 24 Florida Community Bank 25 Mizuho Bank (USA) Compass Bank 26 Bank of North Carolina 27 Union Bank and Trust 27 Mizuho Bank (USA) 28 SunTrust Bank 28 Enterprise Bank & Trust 29 Enterprise Bank & Trust 29 Union Bank and Trust 30 MUFG Union Bank, N.A. 30 Towne Bank

4 Region 5: (CT, MA, ME, NH, NY, RI, VT) Region 6: (FL, GA, NC, SC, VA, WV) 1 American Express Centurion Bank 1 Wells Fargo Bank, NA 2 Wells Fargo Bank, NA 2 S&T Bank 3 First National Bank 3 First National Bank 4 Banc of California, N.A. 4 Florida Community Bank 5 Compass Bank 5 Banc of California, N.A. 6 Camden National Bank 6 First Tennessee Bank, N.A. 7 IberiaBank 7 KeyBank N.A. 8 S&T Bank 8 MUFG Union Bank, N.A. 9 MUFG Union Bank, N.A. 9 The Bank of East Asia Ltd. 10 Enterprise Bank & Trust 10 Simmons Bank 11 Bryn Mawr Trust Co. 11 Bryn Mawr Trust Co Towne Bank 13 Mizuho Bank (USA) 13 New York Community Bank 14 Bank of Baroda 14 EagleBank 15 Florida Community Bank 15 Bank of North Carolina 16 First Tennessee Bank, N.A. 16 American Express Centurion Bank 17 The Bank of East Asia Ltd. 17 Bank of Baroda 18 Towne Bank 18 Bank of China 19 KeyBank N.A. 19 American Express Bank, FSB 20 SunTrust Bank 20 Cadence Bank, N.A. 21 EagleBank 21 Bank of New Hampshire 22 Cadence Bank, N.A. 22 First County Bank 23 Bank of North Carolina Northern Bank and Trust Bank of New Hampshire 25 Mizuho Bank (USA) 26 American Express Bank, FSB 26 Compass Bank 27 Union Bank and Trust 27 SunTrust Bank 28 New York Community Bank 28 Enterprise Bank & Trust 29 Bank of China 29 Union Bank and Trust Progress Bank and Trust

5 Region 7: (AZ, NV, NM, TX, UT) Region 8: (CA, HI, & other territories) 1 Wells Fargo Bank, NA 1 American Express Bank, FSB 2 Camden National Bank 2 3 Cadence Bank, N.A. 3 Wells Fargo Bank, NA 4 IberiaBank 4 S&T Bank 5 S&T Bank 5 Florida Community Bank 6 Century Bank and Trust 6 Century Bank and Trust 7 Florida Community Bank 7 Banc of California, N.A. 8 Simmons Bank 8 Bryn Mawr Trust Co. 9 Bank of China 9 First County Bank 10 New York Community Bank MUFG Union Bank, N.A. 11 Bank of New Hampshire 12 KeyBank N.A. 12 IberiaBank 13 First County Bank 13 The Bank of East Asia Ltd SunTrust Bank 15 Compass Bank 15 EagleBank 16 Enterprise Bank & Trust 16 Mizuho Bank (USA) 17 EagleBank 17 New York Community Bank 18 Northern Bank and Trust 18 First Tennessee Bank, N.A. 19 First Tennessee Bank, N.A. 19 Northern Bank and Trust 20 Towne Bank 20 Bank of Baroda 21 Banc of California, N.A. 21 Bank of China 22 American Express Centurion Bank 22 Cadence Bank, N.A. 23 Mizuho Bank (USA) 23 Towne Bank 24 Bank of Baroda 24 Compass Bank 25 Bank of North Carolina 25 American Express Centurion Bank 26 American Express Bank, FSB 26 KeyBank N.A. 27 SunTrust Bank 27 Enterprise Bank & Trust 28 The Bank of East Asia Ltd. 28 Simmons Bank MUFG Union Bank, N.A. 30 Bryn Mawr Trust Co. 30 Union Bank and Trust