Common use of Acknowledgement of Understanding Clause in Contracts

Acknowledgement of Understanding. This agreement (“Agreement”) is by and between Continental Investors Services, Inc., a Registered Investment Advisor; the Investment Advisor Representative (“Representative”) named below (collectively referred to as “Advisor”), and Client 1 and/or Client 2 (“Client”) named on the previous page. In consideration of establishing securities and advisory investment accounts, Client hereby affirms understanding of the following for any and all accounts opened under this Agreement: • All investments carry risk of loss of principal and/or purchasing power. Neither Advisor nor Representative can make or fulfill any guarantee of a return on or of Client’s principal. • Client has read and understand the ENTIRE agreement contained in this nine (9) page agreement, and, by signing below, acknowledge and confirm all the provided information to be true and correct to the best of Client’s knowledge, including the risk tolerance and investment objectives listed on this Agreement for all current and existing advisory accounts and that Client will promptly notify Advisor if any of the financial information opened on subsequent accounts forms are incorrectly assigned to Client’s objectives and risk tolerance. • Client has received and agree to read a copy of Continental’s ADV Part 2A and Privacy Policy and Representative’s Form ADV Part 2B (Supplemental Brochure). • Client understands that this contract is not valid until approved by the home office of Advisor. BY SIGNING BELOW, CLIENT CERTIFIES TO THE TERMS OF THIS NINE-PAGE ADVISORY AGREEMENT, ACKNOWLEDGE AND AGREE WITH THE ACKNOWLEDGEMENT OF UNDERSTANDING; CERTIFIES CLIENT’S COMPLETION OF THIS FORM, AGREE TO ALL TERMS CONTAINED HEREIN FOR ANY AND ALL ADVISORY ACCOUNTS MANAGED: Client 1 Date Client 2 Date Advisor Signature Date Advisor Code Home Office Signature Date ADVISORY AGREEMENT TERMS AND CONDITIONS

Acknowledgement of Understanding. This agreement (“Agreement”) is by and between Continental Investors Services, Inc., a Registered Investment Advisor; the Investment Advisor Representative (“Representative”) named below (collectively referred to as “Advisor”), and Client 1 and/or Client 2 (“Client”) named on the previous page. In consideration of establishing securities and advisory investment accounts, Client hereby affirms understanding of the following for any and all accounts opened under this Agreement: • All investments carry risk of loss of principal and/or purchasing power. Neither Advisor nor Representative can make or fulfill any guarantee of a return on or of Client’s principal. • Client has read and understand the ENTIRE agreement contained in this nine (9) page agreement, and, by signing below, acknowledge and confirm all the provided information to be true and correct to the best of Client’s knowledge, including the risk tolerance and investment objectives listed on this Agreement for all current and existing advisory accounts and that Client will promptly notify Advisor if any of the financial information opened on subsequent accounts forms are incorrectly assigned to Client’s objectives and risk tolerance. • Client has received and agree to read a copy of Continental’s ADV Part 2A and Privacy Policy and Representative’s Form ADV Part 2B (Supplemental Brochure). • Client understands that this contract is not valid until approved by the home office of Advisor. BY SIGNING BELOW, CLIENT CERTIFIES TO THE TERMS OF THIS NINE-PAGE ADVISORY AGREEMENT, ACKNOWLEDGE AND AGREE WITH THE ACKNOWLEDGEMENT OF UNDERSTANDING; CERTIFIES CLIENT’S COMPLETION OF THIS FORM, AGREE TO ALL TERMS CONTAINED HEREIN FOR ANY AND ALL ADVISORY ACCOUNTS MANAGED: Client 1 Date Client 2 Date Advisor Signature Date Advisor Code Home Office Signature Date ADVISORY AGREEMENT TERMS AND CONDITIONSCONDITIONS (Pages 4-6)