Common use of FDIC Deposit Insurance Clause in Contracts

FDIC Deposit Insurance. The funds in your FFB Account will be deposited into Depository Accounts at the Insured Depositories along with funds from other FFB Depositors. StoneCastle as your agent and the FFB Custodian each keeps records of how much each FFB Depositor has on deposit in each Insured Depository. Your Deposits, plus interest earned thereon, are held in those Depository Accounts in a manner designed to currently provide you with FDIC insurance at each Insured Depository. StoneCastle, as your agent, allocates your Deposits among the Depository Accounts to seek to maximize deposit insurance coverage available under the FFB Program, FDIC deposit insurance coverage is normally available for your Deposits up to the SMDIA, which is currently $250,000 per legal category of account ownership at each participating Insured Depository when aggregated with all other deposits held by you in the same Insured Depository and in the same legal category of account ownership. Thus, the maximum amount of Deposits eligible for deposit insurance coverage would not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Insured Depositories that you have not excluded from receiving your Deposits under the FFB Program, less any funds that you may hold in an Insured Depository outside of the FFB Program in the same legal category of account ownership. If you or your customer have funds at an Insured Depository outside of the FFB Program, your deposit insurance coverage for such funds at the Insured Depository may be adversely affected. The Insured Depositories holding your money will be listed on your account statement along with the amount of funds that you have on deposit in such Insured Depositories through the FFB Program. Any amount by which the sum of your direct deposits at an Insured Depository outside the FFB Program plus the amounts that you have on deposit in such Insured Depository through the FFB Program exceeds the applicable insurance limits of the FDIC, will not have deposit insurance. Therefore, if you or your customer do not wish to have FFB Account funds deposited into any specific Insured Depository, you must identify those institutions to StoneCastle using the Insured Depository Exclusion Disclosure Form provided to you with the FFB Account opening documents. You are responsible for providing the completed Insured Depository Exclusion Disclosure form to StoneCastle. StoneCastle will not direct any of the applicable FFB Account funds into any such Insured Depository that you have elected to exclude unless you notify StoneCastle in writing that such exclusion request is no longer in effect. There will be a delay between the time you make your exclusion request and the time that such Insured Depository is excluded. If you exclude any Insured Depository, the maximum level of deposit insurance available under the Disclosure Program may decrease. Neither StoneCastle nor the FFB Custodian nor any Sub-Custodians monitors or takes any responsibility for money you or your customer may have at an Insured Depository outside of the FFB Program or the FFB Account. You are solely responsible for monitoring your deposit insurance coverage at any Insured Depository to ensure that your funds at any Insured Depository do not exceed applicable deposit insurance limits. Therefore, you should review the Insured Depositories holding your money as listed on your account statement. It is your responsibility to check such list of Insured Depositories on a regular basis and notify StoneCastle whenever you or your customer has an existing or new deposit relationship with an Insured Depository. While the FFB Program was designed to limit the amounts that are on deposit from a single FFB Depositor in an Insured Depository holding the deposits of participants in the FFB Program, please be aware that it is your responsibility to monitor the total amount of all deposits you or your customer has with any one Insured Depository. Since your FFB Account is a custody account, assets that are held by the FFB Custodian (such as deposits in the Depository Accounts at Insured Depositories) for safekeeping in custody are not considered assets of the FFB Custodian. These assets remain the property of the FFB Depositor, whether such assets are registered in the FFB Depositor’s name, the FFB Custodian’s name, a Sub-Custodian’s name or in nominee name. The FFB Custodian is simply acting as custodian, holding your assets on your behalf and performing duties such as collecting interest from the Insured Depositories. In general, the FDIC-recognized categories of account ownership include single ownership accounts; accounts held by an agent, escrow agent, nominee, guardian, custodian, or conservator; annuity contract accounts; certain joint ownership accounts; certain revocable trust accounts; accounts of a corporation, partnership, or unincorporated association; accounts held by a depository institution as the trustee of an irrevocable trust; certain irrevocable trust accounts; certain retirement and other employee benefit plan accounts; and certain accounts held by government depositors. The FDIC imposes special requirements for obtaining pass-through deposit insurance coverage for multiple levels of fiduciary relationships. In these situations, in order for deposit insurance coverage to pass through to the true beneficial owners of the funds, it is necessary (i) to expressly indicate, on the records of the insured depository institution that there are multiple levels of fiduciary relationships; (ii) to disclose the existence of additional levels of fiduciary relationships in records, maintained in good faith and in the regular course of business, by parties at subsequent levels; and (iii) to disclose, at each of the level(s), the name(s) and the interest(s) of the person(s) on whose behalf the party at the level is acting. No person or entity in the chain of parties will be permitted to claim that they are acting in a fiduciary capacity for others unless the possible existence of such a relationship is revealed at some previous level in the chain. If your Deposits are beneficially owned through multiple levels of fiduciary relationship, you must take steps to comply with these special requirements. Until your funds are actually received in investible form and processed by the Insured Depository, your funds may be insured at the FFB Custodian up to $250,000 in total and not at the Insured Depository. If, for any reason, the amount deposited in any Insured Depository exceeds the applicable SMDIA, the excess funds would not be insured by the FDIC. Neither StoneCastle nor the FFB Custodian, shall have any liability for any insured or uninsured portion of your Deposits in any of the Insured Depositories. In the event that deposit insurance payments become necessary, payments of principal plus unpaid and accrued interest up to the SMDIA per legal category of account ownership multiplied by the number of Insured Depositories shall be made to you. However, there is no specific time period during which the FDIC must make insurance payments available. Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made.

FDIC Deposit Insurance. The funds in your FFB Account will be deposited into Depository Your Sub-Deposit Accounts at (including principal and accrued interest) are insured by the Insured Depositories along with funds from other FFB Depositors. StoneCastle as your agent and FDIC, an independent agency of the FFB Custodian each keeps records of how much each FFB Depositor has on deposit in each Insured Depository. Your DepositsU.S. Government, plus interest earned thereon, are held in those Depository Accounts in a manner designed to currently provide you with FDIC insurance at each Insured Depository. StoneCastle, as your agent, allocates your Deposits among the Depository Accounts to seek to maximize deposit insurance coverage available under the FFB Program, FDIC deposit insurance coverage is normally available for your Deposits up to the SMDIA, which is currently $250,000 per legal category of account ownership at each participating Insured Depository when aggregated with for all other deposits held by you in the same Insured Depository and insurable capacity as recognized by the FDIC at any one bank. According to the FDIC, no depositor has ever lost a xxxxx of FDIC-insured funds. Your funds become eligible for FDIC insurance immediately upon placement into your Sub-Deposit Account at a Priority Bank. Generally, any accounts or deposits that you maintain directly with a particular bank, or through any other intermediary, in the same legal category of account ownership. Thus, insurable capacity in which the maximum amount of Deposits eligible accounts or deposits are maintained would be aggregated with the accounts or deposits for deposit insurance coverage would not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Insured Depositories that you have not excluded from receiving your Deposits under the FFB Program, less any funds that you may hold in an Insured Depository outside purposes of the FFB Program in the same legal category of account ownership. If you or your customer have funds at an Insured Depository outside of the FFB Program, your deposit insurance coverage for such funds at the Insured Depository may be adversely affected. The Insured Depositories holding your money will be listed on your account statement along with the amount of funds that you have on deposit in such Insured Depositories through the FFB Program. Any amount by which the sum of your direct deposits at an Insured Depository outside the FFB Program plus the amounts that you have on deposit in such Insured Depository through the FFB Program exceeds the applicable insurance limits of the FDIC, will not have deposit insurance. Therefore, if you or your customer do not wish to have FFB Account funds deposited into any specific Insured Depository, you must identify those institutions to StoneCastle using the Insured Depository Exclusion Disclosure Form provided to you with the FFB Account opening documents$250,000 Deposit Limit. You are responsible for providing the completed Insured Depository Exclusion Disclosure form to StoneCastle. StoneCastle will not direct any of the applicable FFB Account funds into any such Insured Depository that you have elected to exclude unless you notify StoneCastle in writing that such exclusion request is no longer in effect. There will be a delay between the time you make your exclusion request and the time that such Insured Depository is excluded. If you exclude any Insured Depository, the maximum level of deposit insurance available under the Disclosure Program may decrease. Neither StoneCastle nor the FFB Custodian nor any Sub-Custodians monitors or takes any responsibility for money you or your customer may have at an Insured Depository outside of the FFB Program or the FFB Account. You are solely responsible for monitoring your deposit insurance coverage at any Insured Depository to ensure that your funds at any Insured Depository do not exceed applicable deposit insurance limits. Therefore, you should review the Insured Depositories holding your money as listed on your account statement. It is your responsibility to check such list of Insured Depositories on a regular basis and notify StoneCastle whenever you or your customer has an existing or new deposit relationship with an Insured Depository. While the FFB Program was designed to limit the amounts that are on deposit from a single FFB Depositor in an Insured Depository holding the deposits of participants in the FFB Program, please be aware that it is your responsibility to monitor the total amount of all deposits that you or your customer has hold with any one Insured Depository. Since your FFB Account is a custody accountbank, assets that are held by the FFB Custodian (such as deposits in the Depository Accounts at Insured Depositories) for safekeeping in custody are not considered assets of the FFB Custodian. These assets remain the property of the FFB Depositor, whether such assets are registered in the FFB Depositor’s name, the FFB Custodian’s name, a Sub-Custodian’s name directly or in nominee name. The FFB Custodian is simply acting as custodian, holding your assets on your behalf and performing duties such as collecting interest from the Insured Depositories. In general, the FDIC-recognized categories of account ownership include single ownership accounts; accounts held by through an agent, escrow agent, nominee, guardian, custodian, or conservator; annuity contract accounts; certain joint ownership accounts; certain revocable trust accounts; accounts of a corporation, partnership, or unincorporated association; accounts held by a depository institution as the trustee of an irrevocable trust; certain irrevocable trust accounts; certain retirement and other employee benefit plan accounts; and certain accounts held by government depositors. The FDIC imposes special requirements for obtaining pass-through deposit insurance coverage for multiple levels of fiduciary relationships. In these situationsintermediary, in order for deposit to determine the extent of FDIC insurance coverage available to pass through to the true beneficial owners of the funds, it you on your deposits. Bank is necessary (i) to expressly indicate, on the records of the insured depository institution that there are multiple levels of fiduciary relationships; (ii) to disclose the existence of additional levels of fiduciary relationships in records, maintained in good faith and in the regular course of business, by parties at subsequent levels; and (iii) to disclose, at each of the level(s), the name(s) and the interest(s) of the person(s) on whose behalf the party at the level is acting. No person or entity in the chain of parties will be permitted to claim that they are acting in a fiduciary capacity for others unless the possible existence of such a relationship is revealed at some previous level in the chain. If your Deposits are beneficially owned through multiple levels of fiduciary relationship, you must take steps to comply with these special requirements. Until your funds are actually received in investible form and processed by the Insured Depository, your funds may be insured at the FFB Custodian up to $250,000 in total and not at the Insured Depository. If, for any reason, the amount deposited in any Insured Depository exceeds the applicable SMDIA, the excess funds would not be insured by the FDIC. Neither StoneCastle nor the FFB Custodian, shall have any liability responsible for any insured or uninsured portion of any deposits. In the event a Priority Bank fails, your Deposits in any Deposit Account at that Priority Bank is insured, up to $250,000, for principal and interest accrued to the day the Priority Bank is closed. Under certain circumstances, if you become the owner of deposits at a Program Bank because another depositor dies, beginning six months after the death of the Insured Depositoriesdepositor the FDIC will aggregate those deposits for purposes of the $250,000 Deposit Limit with any other deposits that you own in the same insurable capacity at the bank. Examples of deposit accounts that may be subject to this FDIC policy include joint accounts, “payable on death” accounts and certain trust accounts. The FDIC provides the six-month “grace period” to permit you to restructure your deposits to obtain the maximum amount of deposit insurance for which you are eligible. In the event that FDIC deposit insurance payments become necessary, payments of principal plus unpaid and accrued interest up to the SMDIA per legal category of account ownership multiplied by the number of Insured Depositories shall will be made to youBank as your custodian. However, there There is no specific time period during which the FDIC must make insurance payments available. Bank will not be obligated to you for amounts not covered by deposit insurance nor will Bank be obligated to make any payments to you in satisfaction of a loss you might incur as a result of a delay in insurance payouts. Bank will not be obligated to credit your account with funds in advance of payments received from the FDIC. Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made. For example, if you hold deposits as trustee for the benefit of trust participants, you may be required to furnish affidavits and provide indemnities regarding an insurance payment. If your balance in your Sub-Deposit Accounts are assumed by another depository institution pursuant to a merger or consolidation, such deposits will continue to be insured separately, up to the FDIC insurance coverage limits and subject to the terms hereunder, from the deposits that you might have established with the acquiring institution until (i) the maturity date of any time deposits (including certificates of deposit) that were assumed, or (ii) with respect to deposits that are not time deposits, the expiration of a six month period from the date of acquisition. Thereafter, any assumed deposits will be aggregated with your existing deposits with the acquiring institution held in the same capacity for purposes of FDIC insurance coverage. Any deposit opened at the acquiring institution after the acquisition will be aggregated with deposits established with the acquiring institution for purposes of FDIC insurance coverage. If you have questions about basic FDIC insurance coverage, please contact us. You may wish to seek advice from your own attorney concerning FDIC insurance coverage of deposits held in more than one insurable capacity. You may also obtain information by contacting the FDIC, Deposit Insurance Outreach, Division of Depositor and Consumer Protection, by letter (000 00xx Xxxxxx, X.X., Xxxxxxxxxx, X.X. 00000), by phone (000-000-0000 or 000-000-0000 (TDD)), by visiting the FDIC website at: xxxxx://xxx.xxxx.xxx/deposit/index.html, or by email using the FDIC’s Online Customer Assistance Form available on its website.

FDIC Deposit Insurance. The funds in your FFB FICA Account will be deposited into Depository Accounts at the Insured Depositories along with funds from other FFB FICA Depositors. StoneCastle as your agent and the FFB The FICA Custodian each keeps records of how much each FFB FICA Depositor has on deposit in each Insured DepositoryDepository based on information supplied to the FICA Custodian by StoneCastle. Your DepositsThe amount of money that any FICA Depositor has on deposit in any single Insured Depository through the FICA Program will never exceed the insurance limits per depositor of the FDIC. Accordingly, plus interest earned thereon, are held in those Depository Accounts in a manner designed each FICA Depositor will be entitled to currently provide you with FDIC insurance at on all of its FICA Account funds on deposit in each Insured Depository. StoneCastle, as your agent, allocates your Deposits among Depository in the event of the failure of an Insured Depository Accounts to seek to maximize deposit insurance coverage available under the FFB Program, FDIC deposit unless insurance coverage is normally available for your Deposits up to the SMDIA, which is currently $250,000 per legal category of account ownership impacted by any money you hold at each participating Insured Depository when aggregated with all other deposits held by you in the same Insured Depository and in the same legal category of account ownership. Thus, the maximum amount of Deposits eligible for deposit insurance coverage would not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Insured Depositories that you have not excluded from receiving your Deposits under the FFB Program, less any funds that you may hold in an Insured Depository outside of the FFB Program in the same legal category of account ownershipFICA Program. If you or your customer have funds at an Insured Depository outside of the FFB FICA Program, your deposit insurance coverage for such all of your funds at the Insured Depository may be adversely affected. The Insured Depositories holding your money will be listed on your account statement along with the amount of funds that you have on deposit in such Insured Depositories through the FFB FICA Program. Any amount by which the sum of your direct deposits at an Insured Depository outside the FFB FICA Program plus the amounts that you have on deposit in such Insured Depository through the FFB FICA Program exceeds the applicable insurance limits of the FDIC, will not have deposit FDIC insurance. Therefore, if you or your customer do not wish to have FFB Account your FICA funds deposited into any specific Insured Depository, you must identify those institutions to StoneCastle using the Insured Depository Exclusion Disclosure Form provided to you with the FFB FICA Account opening documents. You are responsible for providing the completed Insured Depository Exclusion Disclosure form to StoneCastle. StoneCastle will not direct any of the applicable FFB your FICA Account funds into any such Insured Depository that you have elected to exclude unless you notify StoneCastle in writing that such exclusion request is no longer in effect. There will be a delay between the time you make your exclusion request and the time that such Insured Depository is excluded. If you exclude any Insured Depository, the maximum level of deposit insurance available under the Disclosure Program may decrease. Neither StoneCastle nor the FFB FICA Custodian nor any Sub-Custodians monitors or takes any responsibility for money you or your customer may have at an Insured Depository outside of the FFB Program or the FFB AccountFICA Program. You are solely responsible for monitoring your deposit insurance coverage at any Insured Depository to ensure that your funds at any Insured Depository do not exceed applicable deposit insurance limits. Therefore, you should review the Insured Depositories holding your money as listed on your account statement. It is your responsibility to check such list of Insured Depositories on a regular basis and notify StoneCastle whenever you or your customer has have an existing or new deposit relationship with an Insured Depository. While the FFB FICA Program was designed to limit the amounts that are on deposit from a single FFB FICA Depositor in an Insured Depository holding the deposits of participants in the FFB FICA Program, please be aware that it is your responsibility to monitor the total amount of all deposits you or your customer has have with any one Insured Depository. Amounts in your FICA Account at the FICA Custodian that are not on deposit in Depository Accounts and not covered by FDIC are not at risk should the FICA Custodian fail because such amounts are not held as an asset of the FICA Custodian (or reflected as a liability of the FICA Custodian). Since your FFB FICA Account is a custody account, assets that are held by the FFB FICA Custodian (such as including uninvested cash held at the FICA Custodian and deposits in the Depository Accounts at Insured Depositories) for safekeeping in custody are not considered assets of the FFB FICA Custodian, and cannot be reached by any creditors of the FICA Custodian. These The assets remain the property of the FFB FICA Depositor, whether such assets are registered in the FFB FICA Depositor’s name, the FFB FICA Custodian’s name, a Sub-Custodian’s name or in nominee name. The FFB FICA Custodian is simply acting as custodian, holding your assets on your behalf and performing duties such as collecting interest from the Insured Depositories. In general, the FDIC-recognized categories of account ownership include single ownership accounts; accounts held by an agent, escrow agent, nominee, guardian, custodian, or conservator; annuity contract accounts; certain joint ownership accounts; certain revocable trust accounts; accounts of a corporation, partnership, or unincorporated association; accounts held by a depository institution as the trustee of an irrevocable trust; certain irrevocable trust accounts; certain retirement and other employee benefit plan accounts; and certain accounts held by government depositors. The FDIC imposes special requirements for obtaining pass-through deposit insurance coverage for multiple levels of fiduciary relationships. In these situations, in order for deposit insurance coverage to pass through to the true beneficial owners of the funds, it is necessary (i) to expressly indicate, on the records of the insured depository institution that there are multiple levels of fiduciary relationships; (ii) to disclose the existence of additional levels of fiduciary relationships in records, maintained in good faith and in the regular course of business, by parties at subsequent levels; and (iii) to disclose, at each of the level(s), the name(s) and the interest(s) of the person(s) on whose behalf the party at the level is acting. No person or entity in the chain of parties will be permitted to claim that they are acting in a fiduciary capacity for others unless the possible existence of such a relationship is revealed at some previous level in the chain. If your Deposits are beneficially owned through multiple levels of fiduciary relationship, you must take steps to comply with these special requirements. Until your funds are actually received in investible form and processed by the Insured Depository, your funds may be insured at the FFB Custodian up to $250,000 in total and not at the Insured Depository. If, for any reason, the amount deposited in any Insured Depository exceeds the applicable SMDIA, the excess funds would not be insured by the FDIC. Neither StoneCastle nor the FFB Custodian, shall have any liability for any insured or uninsured portion of your Deposits in any of the Insured Depositories. In the event that deposit insurance payments become necessary, payments of principal plus unpaid and accrued interest up to the SMDIA per legal category of account ownership multiplied by the number of Insured Depositories shall be made to you. However, there is no specific time period during which the FDIC must make insurance payments available. Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made.

FDIC Deposit Insurance. The funds in your FFB Account will be deposited into Depository Your Sub-Deposit Accounts at (including principal and accrued interest) are insured by the Insured Depositories along with funds from other FFB Depositors. StoneCastle as your agent and FDIC, an independent agency of the FFB Custodian each keeps records of how much each FFB Depositor has on deposit in each Insured Depository. Your DepositsU.S. Government, plus interest earned thereon, are held in those Depository Accounts in a manner designed to currently provide you with FDIC insurance at each Insured Depository. StoneCastle, as your agent, allocates your Deposits among the Depository Accounts to seek to maximize deposit insurance coverage available under the FFB Program, FDIC deposit insurance coverage is normally available for your Deposits up to the SMDIA, which is currently $250,000 per legal category of account ownership at each participating Insured Depository when aggregated with for all other deposits held by you in the same Insured Depository and insurable capacity as recognized by the FDIC at any one bank. According to the FDIC, no depositor has ever lost a xxxxx of FDIC-insured funds. Your funds become eligible for FDIC insurance immediately upon placement into your Sub- Deposit Account at a Priority Bank. Generally, any accounts or deposits that you maintain directly with a particular bank, or through any other intermediary, in the same legal category of account ownership. Thus, insurable capacity in which the maximum amount of Deposits eligible accounts or deposits are maintained would be aggregated with the accounts or deposits for deposit insurance coverage would not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Insured Depositories that you have not excluded from receiving your Deposits under the FFB Program, less any funds that you may hold in an Insured Depository outside purposes of the FFB Program in the same legal category of account ownership. If you or your customer have funds at an Insured Depository outside of the FFB Program, your deposit insurance coverage for such funds at the Insured Depository may be adversely affected. The Insured Depositories holding your money will be listed on your account statement along with the amount of funds that you have on deposit in such Insured Depositories through the FFB Program. Any amount by which the sum of your direct deposits at an Insured Depository outside the FFB Program plus the amounts that you have on deposit in such Insured Depository through the FFB Program exceeds the applicable insurance limits of the FDIC, will not have deposit insurance. Therefore, if you or your customer do not wish to have FFB Account funds deposited into any specific Insured Depository, you must identify those institutions to StoneCastle using the Insured Depository Exclusion Disclosure Form provided to you with the FFB Account opening documents$250,000 Deposit Limit. You are responsible for providing the completed Insured Depository Exclusion Disclosure form to StoneCastle. StoneCastle will not direct any of the applicable FFB Account funds into any such Insured Depository that you have elected to exclude unless you notify StoneCastle in writing that such exclusion request is no longer in effect. There will be a delay between the time you make your exclusion request and the time that such Insured Depository is excluded. If you exclude any Insured Depository, the maximum level of deposit insurance available under the Disclosure Program may decrease. Neither StoneCastle nor the FFB Custodian nor any Sub-Custodians monitors or takes any responsibility for money you or your customer may have at an Insured Depository outside of the FFB Program or the FFB Account. You are solely responsible for monitoring your deposit insurance coverage at any Insured Depository to ensure that your funds at any Insured Depository do not exceed applicable deposit insurance limits. Therefore, you should review the Insured Depositories holding your money as listed on your account statement. It is your responsibility to check such list of Insured Depositories on a regular basis and notify StoneCastle whenever you or your customer has an existing or new deposit relationship with an Insured Depository. While the FFB Program was designed to limit the amounts that are on deposit from a single FFB Depositor in an Insured Depository holding the deposits of participants in the FFB Program, please be aware that it is your responsibility to monitor the total amount of all deposits that you or your customer has hold with any one Insured Depository. Since your FFB Account is a custody accountbank, assets that are held by the FFB Custodian (such as deposits in the Depository Accounts at Insured Depositories) for safekeeping in custody are not considered assets of the FFB Custodian. These assets remain the property of the FFB Depositor, whether such assets are registered in the FFB Depositor’s name, the FFB Custodian’s name, a Sub-Custodian’s name directly or in nominee name. The FFB Custodian is simply acting as custodian, holding your assets on your behalf and performing duties such as collecting interest from the Insured Depositories. In general, the FDIC-recognized categories of account ownership include single ownership accounts; accounts held by through an agent, escrow agent, nominee, guardian, custodian, or conservator; annuity contract accounts; certain joint ownership accounts; certain revocable trust accounts; accounts of a corporation, partnership, or unincorporated association; accounts held by a depository institution as the trustee of an irrevocable trust; certain irrevocable trust accounts; certain retirement and other employee benefit plan accounts; and certain accounts held by government depositors. The FDIC imposes special requirements for obtaining pass-through deposit insurance coverage for multiple levels of fiduciary relationships. In these situationsintermediary, in order for deposit to determine the extent of FDIC insurance coverage available to pass through to the true beneficial owners of the funds, it you on your deposits. Bank is necessary (i) to expressly indicate, on the records of the insured depository institution that there are multiple levels of fiduciary relationships; (ii) to disclose the existence of additional levels of fiduciary relationships in records, maintained in good faith and in the regular course of business, by parties at subsequent levels; and (iii) to disclose, at each of the level(s), the name(s) and the interest(s) of the person(s) on whose behalf the party at the level is acting. No person or entity in the chain of parties will be permitted to claim that they are acting in a fiduciary capacity for others unless the possible existence of such a relationship is revealed at some previous level in the chain. If your Deposits are beneficially owned through multiple levels of fiduciary relationship, you must take steps to comply with these special requirements. Until your funds are actually received in investible form and processed by the Insured Depository, your funds may be insured at the FFB Custodian up to $250,000 in total and not at the Insured Depository. If, for any reason, the amount deposited in any Insured Depository exceeds the applicable SMDIA, the excess funds would not be insured by the FDIC. Neither StoneCastle nor the FFB Custodian, shall have any liability responsible for any insured or uninsured portion of any deposits. In the event a Priority Bank fails, your Deposits in any Deposit Account at that Priority Bank is insured, up to $250,000, for principal and interest accrued to the day the Priority Bank is closed. Under certain circumstances, if you become the owner of deposits at a Program Bank because another depositor dies, beginning six months after the death of the Insured Depositoriesdepositor the FDIC will aggregate those deposits for purposes of the $250,000 Deposit Limit with any other deposits that you own in the same insurable capacity at the bank. Examples of deposit accounts that may be subject to this FDIC policy include joint accounts, “payable on death” accounts and certain trust accounts. The FDIC provides the six-month “grace period” to permit you to restructure your deposits to obtain the maximum amount of deposit insurance for which you are eligible. In the event that FDIC deposit insurance payments become necessary, payments of principal plus unpaid and accrued interest up to the SMDIA per legal category of account ownership multiplied by the number of Insured Depositories shall will be made to youBank as your custodian. However, there There is no specific time period during which the FDIC must make insurance payments available. Bank will not be obligated to you for amounts not covered by deposit insurance nor will Bank be obligated to make any payments to you in satisfaction of a loss you might incur as a result of a delay in insurance payouts. Bank will not be obligated to credit your account with funds in advance of payments received from the FDIC. Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made. For example, if you hold deposits as trustee for the benefit of trust participants, you may be required to furnish affidavits and provide indemnities regarding an insurance payment. If your balance in your Sub-Deposit Accounts are assumed by another depository institution pursuant to a merger or consolidation, such deposits will continue to be insured separately, up to the FDIC insurance coverage limits and subject to the terms hereunder, from the deposits that you might have established with the acquiring institution until (i) the maturity date of any time deposits (including certificates of deposit) that were assumed, or (ii) with respect to deposits that are not time deposits, the expiration of a six month period from the date of acquisition. Thereafter, any assumed deposits will be aggregated with your existing deposits with the acquiring institution held in the same capacity for purposes of FDIC insurance coverage. Any deposit opened at the acquiring institution after the acquisition will be aggregated with deposits established with the acquiring institution for purposes of FDIC insurance coverage. If you have questions about basic FDIC insurance coverage, please contact us. You may wish to seek advice from your own attorney concerning FDIC insurance coverage of deposits held in more than one insurable capacity. You may also obtain information by contacting the FDIC, Deposit Insurance Outreach, Division of Depositor and Consumer Protection, by letter (000 00xx Xxxxxx, X.X., Xxxxxxxxxx, X.X. 00000), by phone (000- 000-0000 or 000-000-0000 (TDD)), by visiting the FDIC website at: xxxxx://xxx.xxxx.xxx/deposit/index.html, or by email using the FDIC’s Online Customer Assistance Form available on its website.

FDIC Deposit Insurance. The funds in your FFB Account will be deposited into Depository Accounts at the Insured Depositories along with funds from other FFB Account Depositors. StoneCastle as your agent and the FFB The Account Custodian each keeps records of how much each FFB Account Depositor has on deposit in each Insured DepositoryDepository based on information supplied to the Account Custodian by StoneCastle. Your DepositsThe amount of money that any Account Depositor has on deposit in any single Insured Depository through the Account will never exceed the insurance limits per depositor of the FDIC. Accordingly, plus interest earned thereon, are held in those Depository Accounts in a manner designed each Account Depositor will be entitled to currently provide you with FDIC insurance at on all of its Account funds on deposit in each Insured Depository. StoneCastle, as your agent, allocates your Deposits among Depository in the event of the failure of an Insured Depository Accounts to seek to maximize deposit insurance coverage available under the FFB Program, FDIC deposit unless insurance coverage is normally available for impacted by any money your Deposits up to the SMDIA, which is currently $250,000 per legal category of account ownership customer holds at each participating Insured Depository when aggregated with all other deposits held by you in the same Insured Depository and in the same legal category of account ownership. Thus, the maximum amount of Deposits eligible for deposit insurance coverage would not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Insured Depositories that you have not excluded from receiving your Deposits under the FFB Program, less any funds that you may hold in an Insured Depository outside of the FFB Program in the same legal category of account ownershipAccount. If you or your customer have funds at an Insured Depository outside of the FFB ProgramAccount, your deposit the FDIC insurance coverage for such funds at the Insured Depository may be adversely affected. The Insured Depositories holding your money will be listed on your account Account statement along with providing the amount of funds that you have on deposit in such Insured Depositories through the FFB ProgramAccount. Any amount by which the sum of your direct deposits at an Insured Depository outside of the FFB Program Account plus the amounts that you have on deposit in such Insured Depository through the FFB Program Account exceeds the applicable insurance limits of the FDIC, will not have deposit FDIC insurance. Therefore, if you or your customer do does not wish to have FFB Account funds deposited into any specific Insured Depository, you must identify those institutions to StoneCastle using the Insured Depository Exclusion Disclosure Form form provided to you with the FFB Account opening documentsDeposit Agreement. You are responsible for providing the completed Insured Depository Exclusion Disclosure form to StoneCastle. StoneCastle will not direct any of the applicable FFB Account funds into any such Insured Depository that you have elected to exclude unless you notify StoneCastle in writing that such exclusion request is no longer in effect. There will be a delay between the time you make your exclusion request and the time that such Insured Depository is excluded. If you exclude any Insured Depository, the maximum level of deposit insurance available under the Disclosure Program may decrease. Neither StoneCastle nor the FFB Account Custodian nor any or Sub-Custodians monitors or takes any responsibility for money you or your customer may have at an Insured Depository outside of the FFB Program or the FFB Account. You are solely responsible for monitoring your deposit insurance coverage at any Insured Depository to ensure that your funds at any Insured Depository do not exceed applicable deposit insurance limits. Therefore, you should review the Insured Depositories holding your money as listed on your account Account statement. It is your responsibility to check such list of Insured Depositories on a regular basis and notify StoneCastle whenever you or your customer has an existing or new deposit relationship with an Insured Depository. While the FFB Program Account was designed to limit the amounts that are on deposit from a single FFB Account Depositor in an Insured Depository holding the deposits of participants in the FFB ProgramAccount participants, please be aware that it is your responsibility to monitor the total amount of all deposits you or your customer has with any one Insured Depository. Amounts in your Account at the Account Custodian that are not on deposit in Depository Accounts and not covered by the FDIC are not at risk should the Account Custodian fail because such amounts are not held as an asset of the Account Custodian (or reflected as a liability of the Account Custodian). Since your FFB Account is a custody account, assets that are held by the FFB Account Custodian (such as including un-invested cash held at the Account Custodian and deposits in the Depository Accounts at Insured Depositories) for safekeeping in custody are not considered assets of the FFB Account Custodian, and cannot be reached by any creditors of the Account Custodian. These The assets remain the property of the FFB Account Depositor, whether such assets are registered in the FFB Account Depositor’s name, the FFB Account Custodian’s name, a Sub-Custodian’s name or in nominee name. The FFB Account Custodian is simply acting as custodian, holding your assets on your behalf and performing duties such as collecting interest from the Insured Depositories. In general, the FDIC-recognized categories of account ownership include single ownership accounts; accounts held by an agent, escrow agent, nominee, guardian, custodian, or conservator; annuity contract accounts; certain joint ownership accounts; certain revocable trust accounts; accounts of a corporation, partnership, or unincorporated association; accounts held by a depository institution as the trustee of an irrevocable trust; certain irrevocable trust accounts; certain retirement and other employee benefit plan accounts; and certain accounts held by government depositors. The FDIC imposes special requirements for obtaining pass-through deposit insurance coverage for multiple levels of fiduciary relationships. In these situations, in order for deposit insurance coverage to pass through to the true beneficial owners of the funds, it is necessary (i) to expressly indicate, on the records of the insured depository institution that there are multiple levels of fiduciary relationships; (ii) to disclose the existence of additional levels of fiduciary relationships in records, maintained in good faith and in the regular course of business, by parties at subsequent levels; and (iii) to disclose, at each of the level(s), the name(s) and the interest(s) of the person(s) on whose behalf the party at the level is acting. No person or entity in the chain of parties will be permitted to claim that they are acting in a fiduciary capacity for others unless the possible existence of such a relationship is revealed at some previous level in the chain. If your Deposits are beneficially owned through multiple levels of fiduciary relationship, you must take steps to comply with these special requirements. Until your funds are actually received in investible form and processed by the Insured Depository, your funds may be insured at the FFB Custodian up to $250,000 in total and not at the Insured Depository. If, for any reason, the amount deposited in any Insured Depository exceeds the applicable SMDIA, the excess funds would not be insured by the FDIC. Neither StoneCastle nor the FFB Custodian, shall have any liability for any insured or uninsured portion of your Deposits in any of the Insured Depositories. In the event that deposit insurance payments become necessary, payments of principal plus unpaid and accrued interest up to the SMDIA per legal category of account ownership multiplied by the number of Insured Depositories shall be made to you. However, there is no specific time period during which the FDIC must make insurance payments available. Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made.

FDIC Deposit Insurance. The funds in your FFB AMMA Account will be deposited into Depository Accounts at the Insured Depositories along with funds from other FFB AMMA Depositors. StoneCastle as your agent and the FFB The AMMA Custodian each keeps records of how much each FFB AMMA Depositor has on deposit in each Insured DepositoryDepository based on information supplied to the AMMA Custodian by StoneCastle. Your DepositsThe amount of money that any AMMA Depositor has on deposit in any single Insured Depository through the AMMA Program will never exceed the insurance limits per depositor of the FDIC. Accordingly, plus interest earned thereon, are held in those Depository Accounts in a manner designed each AMMA Depositor will be entitled to currently provide you with FDIC insurance at on all of its AMMA Account funds on deposit in each Insured Depository. StoneCastle, as your agent, allocates your Deposits among Depository in the event of the failure of an Insured Depository Accounts to seek to maximize deposit insurance coverage available under the FFB Program, FDIC deposit unless insurance coverage is normally available for impacted by any money your Deposits up to the SMDIA, which is currently $250,000 per legal category of account ownership customer holds at each participating Insured Depository when aggregated with all other deposits held by you in the same Insured Depository and in the same legal category of account ownership. Thus, the maximum amount of Deposits eligible for deposit insurance coverage would not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Insured Depositories that you have not excluded from receiving your Deposits under the FFB Program, less any funds that you may hold in an Insured Depository outside of the FFB Program in the same legal category of account ownershipAMMA Program. If you or your customer have funds at an Insured Depository outside of the FFB AMMA Program, your deposit the FDIC insurance coverage for such funds at the Insured Depository may be adversely affected. The Insured Depositories holding your money will be listed on your account statement along with providing the amount of funds that you have on deposit in such Insured Depositories through the FFB AMMA Program. Any amount by which the sum of your direct deposits at an Insured Depository outside the FFB AMMA Program plus the amounts that you have on deposit in such Insured Depository through the FFB AMMA Program exceeds the applicable insurance limits of the FDIC, will not have deposit FDIC insurance. Therefore, if you or your customer do does not wish to have FFB Account AMMA funds deposited into any specific Insured Depository, you must identify those institutions to StoneCastle using the Insured Depository Exclusion Disclosure Form form provided to you with the FFB Account opening documentsDeposit Agreement. You are responsible for providing the completed Insured Depository Exclusion Disclosure form to StoneCastle. StoneCastle will not direct any of the applicable FFB AMMA Account funds into any such Insured Depository that you have elected to exclude unless you notify StoneCastle in writing that such exclusion request is no longer in effect. There will be a delay between the time you make your exclusion request and the time that such Insured Depository is excluded. If you exclude any Insured Depository, the maximum level of deposit insurance available under the Disclosure Program may decrease. Neither StoneCastle nor the FFB AMMA Custodian nor any or Sub-Custodians monitors or takes any responsibility for money you or your customer may have at an Insured Depository outside of the FFB Program or the FFB AccountAMMA Program. You are solely responsible for monitoring your deposit insurance coverage at any Insured Depository to ensure that your funds at any Insured Depository do not exceed applicable deposit insurance limits. Therefore, you should review the Insured Depositories holding your money as listed on your account statement. It is your responsibility to check such list of Insured Depositories on a regular basis and notify StoneCastle whenever you or your customer has an existing or new deposit relationship with an Insured Depository. While the FFB AMMA Program was designed to limit the amounts that are on deposit from a single FFB AMMA Depositor in an Insured Depository holding the deposits of participants in the FFB AMMA Program, please be aware that it is your responsibility to monitor the total amount of all deposits you or your customer has with any one Insured Depository. Amounts in your AMMA Account at the AMMA Custodian that are not on deposit in Depository Accounts and not covered by the FDIC are not at risk should the AMMA Custodian fail because such amounts are not held as an asset of the AMMA Custodian (or reflected as a liability of the AMMA Custodian). Since your FFB AMMA Account is a custody account, assets that are held by the FFB AMMA Custodian (such as including un-invested cash held at the AMMA Custodian and deposits in the Depository Accounts at Insured Depositories) for safekeeping in custody are not considered assets of the FFB AMMA Custodian, and cannot be reached by any creditors of the AMMA Custodian. These The assets remain the property of the FFB AMMA Depositor, whether such assets are registered in the FFB AMMA Depositor’s name, the FFB AMMA Custodian’s name, a Sub-Custodian’s name or in nominee name. The FFB AMMA Custodian is simply acting as custodian, holding your assets on your behalf and performing duties such as collecting interest from the Insured Depositories. In general, the FDIC-recognized categories of account ownership include single ownership accounts; accounts held by an agent, escrow agent, nominee, guardian, custodian, or conservator; annuity contract accounts; certain joint ownership accounts; certain revocable trust accounts; accounts of a corporation, partnership, or unincorporated association; accounts held by a depository institution as the trustee of an irrevocable trust; certain irrevocable trust accounts; certain retirement and other employee benefit plan accounts; and certain accounts held by government depositors. The FDIC imposes special requirements for obtaining pass-through deposit insurance coverage for multiple levels of fiduciary relationships. In these situations, in order for deposit insurance coverage to pass through to the true beneficial owners of the funds, it is necessary (i) to expressly indicate, on the records of the insured depository institution that there are multiple levels of fiduciary relationships; (ii) to disclose the existence of additional levels of fiduciary relationships in records, maintained in good faith and in the regular course of business, by parties at subsequent levels; and (iii) to disclose, at each of the level(s), the name(s) and the interest(s) of the person(s) on whose behalf the party at the level is acting. No person or entity in the chain of parties will be permitted to claim that they are acting in a fiduciary capacity for others unless the possible existence of such a relationship is revealed at some previous level in the chain. If your Deposits are beneficially owned through multiple levels of fiduciary relationship, you must take steps to comply with these special requirements. Until your funds are actually received in investible form and processed by the Insured Depository, your funds may be insured at the FFB Custodian up to $250,000 in total and not at the Insured Depository. If, for any reason, the amount deposited in any Insured Depository exceeds the applicable SMDIA, the excess funds would not be insured by the FDIC. Neither StoneCastle nor the FFB Custodian, shall have any liability for any insured or uninsured portion of your Deposits in any of the Insured Depositories. In the event that deposit insurance payments become necessary, payments of principal plus unpaid and accrued interest up to the SMDIA per legal category of account ownership multiplied by the number of Insured Depositories shall be made to you. However, there is no specific time period during which the FDIC must make insurance payments available. Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made.

FDIC Deposit Insurance. The funds in your FFB FICA Account will be deposited into Depository Accounts at the Insured Depositories along with funds from other FFB FICA Depositors. StoneCastle as your agent and the FFB FICA Custodian each keeps records of how much each FFB FICA Depositor has on deposit in each Insured Depository. Your Deposits, plus interest earned thereon, are held in those Depository Accounts in a manner designed to currently provide you with FDIC insurance at each Insured Depository. StoneCastle, as your agent, allocates your Deposits among the Depository Accounts to seek to maximize deposit insurance coverage available under the FFB FICA Program, FDIC deposit insurance coverage is normally available for your Deposits up to the SMDIA, which is currently $250,000 per legal category of account ownership at each participating Insured Depository when aggregated with all other deposits held by you in the same Insured Depository and in the same legal category of account ownership. Thus, the maximum amount of Deposits eligible for deposit insurance coverage would not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Insured Depositories that you have not excluded from receiving your Deposits under the FFB FICA Program, less any funds that you may hold in an Insured Depository outside of the FFB FICA Program in the same legal category of account ownership. If you or your customer have funds at an Insured Depository outside of the FFB FICA Program, your deposit insurance coverage for such all of your funds at the Insured Depository may be adversely affected. The Insured Depositories holding your money will be listed on your account statement along with the amount of funds that you have on deposit in such Insured Depositories through the FFB FICA Program. Any amount by which the sum of your direct deposits at an Insured Depository outside the FFB FICA Program plus the amounts that you have on deposit in such Insured Depository through the FFB FICA Program exceeds the applicable insurance limits of the FDIC, will not have deposit insurance. Therefore, if you or your customer do not wish to have FFB Account your FICA funds deposited into any specific Insured Depository, you must identify those institutions to StoneCastle using the Insured Depository Exclusion Disclosure Form provided to you with the FFB FICA Account opening documents. You are responsible for providing the completed Insured Depository Exclusion Disclosure form to StoneCastle. StoneCastle will not direct any of the applicable FFB your FICA Account funds into any such Insured Depository that you have elected to exclude unless you notify StoneCastle in writing that such exclusion request is no longer in effect. There will be a delay between the time you make your exclusion request and the time that such Insured Depository is excluded. If you exclude any Insured Depository, the maximum level of deposit insurance available under the Disclosure FICA Program may decrease. Neither StoneCastle nor the FFB FICA Custodian nor any Sub-Custodians monitors or takes any responsibility for money you or your customer may have at an Insured Depository outside of the FFB Program or the FFB AccountFICA Program. You are solely responsible for monitoring your deposit insurance coverage at any Insured Depository to ensure that your funds at any Insured Depository do not exceed applicable deposit insurance limits. Therefore, you should review the Insured Depositories holding your money as listed on your account statement. It is your responsibility to check such list of Insured Depositories on a regular basis and notify StoneCastle whenever you or your customer has have an existing or new deposit relationship with an Insured Depository. While the FFB FICA Program was designed to limit the amounts that are on deposit from a single FFB FICA Depositor in an Insured Depository holding the deposits of participants in the FFB FICA Program, please be aware that it is your responsibility to monitor the total amount of all deposits you or your customer has have with any one Insured Depository. Since your FFB FICA Account is a custody account, assets that are held by the FFB FICA Custodian (such as deposits in the Depository Accounts at Insured Depositories) for safekeeping in custody are not considered assets of the FFB FICA Custodian. These assets remain the property of the FFB FICA Depositor, whether such assets are registered in the FFB FICA Depositor’s name, the FFB FICA Custodian’s name, a Sub-Custodian’s name or in nominee name. The FFB FICA Custodian is simply acting as custodian, holding your assets on your behalf and performing duties such as collecting interest from the Insured Depositories. In general, the FDIC-recognized categories of account ownership include single ownership accounts; accounts held by an agent, escrow agent, nominee, guardian, custodian, or conservator; annuity contract accounts; certain joint ownership accounts; certain revocable trust accounts; accounts of a corporation, partnership, or unincorporated association; accounts held by a depository institution as the trustee of an irrevocable trust; certain irrevocable trust accounts; certain retirement and other employee benefit plan accounts; and certain accounts held by government depositors. The FDIC imposes special requirements for obtaining pass-through deposit insurance coverage for multiple levels of fiduciary relationships. In these situations, in order for deposit insurance coverage to pass through to the true beneficial owners of the funds, it is necessary (i) to expressly indicate, on the records of the insured depository institution that there are multiple levels of fiduciary relationships; (ii) to disclose the existence of additional levels of fiduciary relationships in records, maintained in good faith and in the regular course of business, by parties at subsequent levels; and (iii) to disclose, at each of the level(s), the name(s) and the interest(s) of the person(s) on whose behalf the party at the level is acting. No person or entity in the chain of parties will be permitted to claim that they are acting in a fiduciary capacity for others unless the possible existence of such a relationship is revealed at some previous level in the chain. If your Deposits are beneficially owned through multiple levels of fiduciary relationship, you must take steps to comply with these special requirements. Until your funds are actually received in investible form and processed by the Insured Depository, your funds may be insured at the FFB FICA Custodian up to $250,000 in total and not at the Insured Depository. If, for any reason, the amount deposited in any Insured Depository exceeds the applicable SMDIA, the excess funds would not be insured by the FDIC. Neither StoneCastle nor the FFB FICA Custodian, shall have any liability for any insured or uninsured portion of your Deposits in any of the Insured Depositories. In the event that deposit insurance payments become necessary, payments of principal plus unpaid and accrued interest up to the SMDIA per legal category of account ownership multiplied by the number of Insured Depositories shall be made to you. However, there is no specific time period during which the FDIC must make insurance payments available. Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made.

FDIC Deposit Insurance. The funds in your FFB FICA Account will be deposited into Depository Accounts at the Insured Depositories Depository Banks along with funds from other FFB FICA Depositors. StoneCastle as your agent and the FFB The FICA Custodian each keeps records of how much each FFB FICA Depositor has on deposit in each Insured DepositoryDepository Bank based on information supplied to the FICA Custodian by StoneCastle. Your DepositsThe amount of money that any FICA Depositor has on deposit in any single Depository Bank through the FICA Program will never exceed the SMDIA. Accordingly, plus interest earned thereon, are held in those Depository Accounts in a manner designed each FICA Depositor will be entitled to currently provide you with FDIC insurance at on all of its FICA Account funds on deposit in each Insured Depository. StoneCastle, as your agent, allocates your Deposits among Depository Bank in the event of the failure of a Depository Accounts to seek to maximize deposit insurance coverage available under the FFB Program, FDIC deposit Bank unless insurance coverage is normally available for your Deposits up to impacted by any money you hold at a Depository Bank outside the SMDIA, which is currently $250,000 per legal category of account ownership at each participating Insured Depository when aggregated with all other deposits held by you in the same Insured Depository and in the same legal category of account ownership. Thus, the maximum amount of Deposits eligible for deposit insurance coverage would not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Insured Depositories that you have not excluded from receiving your Deposits under the FFB FICA Program, less any funds that you may hold in an Insured Depository outside of the FFB Program in the same legal category of account ownership. If you or your customer have funds at an Insured a Depository Bank outside of the FFB FICA Program, your deposit FDIC insurance coverage for such all of your funds at the Insured Depository Bank may be adversely affected. The Insured Depositories Depository Banks holding your money will be listed on your account statement along with the amount of funds that you have on deposit in such Insured Depositories Depository Banks through the FFB FICA Program. Any amount by which the sum of your direct deposits at an Insured a Depository Bank outside the FFB FICA Program plus the amounts that you have on deposit in such Insured Depository Bank through the FFB FICA Program exceeds the applicable insurance limits of the FDIC, SMDIA will not have deposit FDIC insurance. Therefore, if you or your customer do not wish to have FFB Account your FICA funds deposited into any specific Insured DepositoryDepository Bank or Banks, you must identify those institutions banks to StoneCastle using the Insured Depository Bank Exclusion Disclosure Form provided to you with the FFB FICA Account opening documents. You are responsible for providing the completed Insured Depository Exclusion Disclosure form to StoneCastle. StoneCastle will not direct any of the applicable FFB your FICA Account funds into any such Insured Depository Bank that you have elected to exclude unless you notify StoneCastle in writing that such exclusion request is no longer in effect. There will be a delay between the time you make your exclusion request and the time that such Insured Depository is excluded. If you exclude any Insured Depository, the maximum level of deposit insurance available under the Disclosure Program may decrease. Neither StoneCastle nor the FFB FICA Custodian nor any or Sub-Custodians monitors or takes any responsibility for money you or your customer may have at an Insured a Depository Bank outside of the FFB Program or the FFB AccountFICA Program. You are solely responsible for monitoring your deposit insurance FDIC coverage at any Insured Depository Bank to ensure that your funds at any Insured Depository Bank do not exceed applicable deposit insurance limitsthe SMDIA. Therefore, you should review the Insured Depositories Depository Banks holding your money as listed on your account statement. It is your responsibility to check such list of Insured Depositories Depository Banks on a regular basis and notify StoneCastle whenever you or your customer has have an existing or new deposit relationship with an Insured Depositorya Depository Bank. While the FFB FICA Program was designed to limit the amounts that are on deposit from a single FFB FICA Depositor in an Insured a Depository holding the deposits of participants Bank in the FFB FICA Program, please be aware that it is your responsibility to monitor the total amount of all deposits you or your customer has have with any one Insured DepositoryDepository Bank. In the event of the failure of a Depository Bank, where the deposits are not assumed by another FDIC insured Depository Bank, StoneCastle will promptly cause the Custodian or Sub-Custodian to submit an insurance claim to the FDIC on behalf of the FICA Depositors who have amounts on deposit through one or more Depository Accounts at the Depository Bank. During the time your insurance claim is being processed by the FDIC, you will not have access to the funds that you had on deposit with such Depository Bank. The amounts in your FICA Account that are not on deposit in Depository Accounts at Depository Banks may be covered by FDIC Insurance. According to the FICA Custodian, all amounts in your FICA Account that are not on deposit in Depository Accounts at Depository Banks will be entitled, on a temporary basis, to insurance coverage, even on amounts in excess of $250,000. Section 343 of the Xxxx Xxxxx Wall Street Reform and Consumer Protection Act provides that from December 31, 2010 through December 31, 2012, funds in a “noninterest-bearing transaction account” at an insured depository institution are insured in full and the FICA Custodian has confirmed that FICA Accounts are covered by such provision. However, even amounts in your FICA Account that are not on deposit in Depository Accounts that may not be covered by FDIC Insurance are not at risk should the FICA Custodian fail because such amounts are not held as an asset of the FICA Custodian (or reflected as a liability of the FICA Custodian). Since your FFB FICA Account is a custody account, assets that are held by the FFB FICA Custodian (such as including uninvested cash held at the FICA Custodian and deposits in the Depository Accounts at Insured DepositoriesDepository Banks) for safekeeping in custody are not considered assets of the FFB FICA Custodian, and cannot be reached by any creditors of the FICA Custodian. These Uninvested cash that is held in your FICA Account will be segregated from the other assets of the FICA Custodian or its other custodian clients and deposits in the Depository Accounts at Depository Banks are not considered assets of the FICA Custodian, and cannot be reached by any creditors of the FICA Custodian. The assets remain the property of the FFB FICA Depositor, whether such assets are registered in the FFB FICA Depositor’s name, the FFB FICA Custodian’s name, a Sub-Custodian’s name or in nominee name. The FFB FICA Custodian is simply acting as custodian, holding your assets on your behalf and performing duties such as collecting interest from the Insured Depositories. In general, the FDIC-recognized categories of account ownership include single ownership accounts; accounts held by an agent, escrow agent, nominee, guardian, custodian, or conservator; annuity contract accounts; certain joint ownership accounts; certain revocable trust accounts; accounts of a corporation, partnership, or unincorporated association; accounts held by a depository institution as the trustee of an irrevocable trust; certain irrevocable trust accounts; certain retirement and other employee benefit plan accounts; and certain accounts held by government depositors. The FDIC imposes special requirements for obtaining pass-through deposit insurance coverage for multiple levels of fiduciary relationships. In these situations, in order for deposit insurance coverage to pass through to the true beneficial owners of the funds, it is necessary (i) to expressly indicate, on the records of the insured depository institution that there are multiple levels of fiduciary relationships; (ii) to disclose the existence of additional levels of fiduciary relationships in records, maintained in good faith and in the regular course of business, by parties at subsequent levels; and (iii) to disclose, at each of the level(s), the name(s) and the interest(s) of the person(s) on whose behalf the party at the level is acting. No person or entity in the chain of parties will be permitted to claim that they are acting in a fiduciary capacity for others unless the possible existence of such a relationship is revealed at some previous level in the chain. If your Deposits are beneficially owned through multiple levels of fiduciary relationship, you must take steps to comply with these special requirements. Until your funds are actually received in investible form and processed by the Insured Depository, your funds may be insured at the FFB Custodian up to $250,000 in total and not at the Insured Depository. If, for any reason, the amount deposited in any Insured Depository exceeds the applicable SMDIA, the excess funds would not be insured by the FDIC. Neither StoneCastle nor the FFB Custodian, shall have any liability for any insured or uninsured portion of your Deposits in any of the Insured Depositories. In the event that deposit insurance payments become necessary, payments of principal plus unpaid and accrued interest up to the SMDIA per legal category of account ownership multiplied by the number of Insured Depositories shall be made to you. However, there is no specific time period during which the FDIC must make insurance payments available. Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are madeBanks.

FDIC Deposit Insurance. The funds in your FFB Account will be deposited into Depository Accounts at the Insured Depositories along with funds from other FFB Depositors. StoneCastle as your agent and the FFB The Account Custodian each keeps records of how much each FFB Depositor has on deposit in each Insured DepositoryDepository based on information supplied to the Account Custodian by StoneCastle. Your DepositsThe amount of money that any FFB Depositor has on deposit in any single Insured Depository through its account in the FFB program will never exceed the insurance limits per depositor of the FDIC. Accordingly, plus interest earned thereon, are held in those Depository Accounts in a manner designed each FFB Depositor will be entitled to currently provide you with FDIC insurance at on all of its Account funds on deposit in each Insured Depository. StoneCastle, as your agent, allocates your Deposits among Depository in the event of the failure of an Insured Depository Accounts to seek to maximize deposit insurance coverage available under the FFB Program, FDIC deposit unless insurance coverage is normally available for your Deposits up to the SMDIA, which is currently $250,000 per legal category of account ownership impacted by any money such Depositor holds at each participating Insured Depository when aggregated with all other deposits held by you in the same Insured Depository and in the same legal category of account ownership. Thus, the maximum amount of Deposits eligible for deposit insurance coverage would not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Insured Depositories that you have not excluded from receiving your Deposits under the FFB Program, less any funds that you may hold in an Insured Depository outside of its account in the FFB Program in the same legal category of account ownershipprogram. If you or your customer have funds at an Insured Depository outside of the FFB ProgramAccount, your deposit the FDIC insurance coverage for such funds at the Insured Depository may be adversely affected. The Insured Depositories holding your money will be listed on your account Account statement along with providing the amount of funds that you have on deposit in such Insured Depositories through the FFB ProgramAccount. Any amount by which the sum of your direct deposits at an Insured Depository outside of the FFB Program Account plus the amounts that you have on deposit in such Insured Depository through the FFB Program Account exceeds the applicable insurance limits of the FDIC, will not have deposit FDIC insurance. Therefore, if you or your customer do does not wish to have FFB Account funds deposited into any specific Insured Depository, you must identify those institutions to StoneCastle using the Insured Depository Exclusion Disclosure Form form provided to you with the FFB Account opening documentsDeposit Agreement. You are responsible for providing the completed Insured Depository Exclusion Disclosure form to StoneCastle. StoneCastle will not direct any of the applicable FFB Account funds into any such Insured Depository that you have elected to exclude unless you notify StoneCastle in writing that such exclusion request is no longer in effect. There will be a delay between the time you make your exclusion request and the time that such Insured Depository is excluded. If you exclude any Insured Depository, the maximum level of deposit insurance available under the Disclosure Program may decrease. Neither StoneCastle nor the FFB Account Custodian nor any or Sub-Custodians monitors or takes any responsibility for money you or your customer may have at an Insured Depository outside of the FFB Program or the FFB Account. You are solely responsible for monitoring your deposit insurance coverage at any Insured Depository to ensure that your funds at any Insured Depository do not exceed applicable deposit insurance limits. Therefore, you should review the Insured Depositories holding your money as listed on your account Account statement. It is your responsibility to check such list of Insured Depositories on a regular basis and notify StoneCastle whenever you or your customer has an existing or new deposit relationship with an Insured Depository. While the FFB Program Account was designed to limit the amounts that are on deposit from a single FFB Depositor in an Insured Depository holding the deposits of participants in the FFB ProgramAccount participants, please be aware that it is your responsibility to monitor the total amount of all deposits you or your customer has with any one Insured Depository. Amounts in your Account at the Account Custodian that are not on deposit in Depository Accounts and not covered by the FDIC are not at risk should the Account Custodian fail because such amounts are not held as an asset of the Account Custodian (or reflected as a liability of the Account Custodian). Since your FFB Account is a custody account, assets that are held by the FFB Account Custodian (such as including un-invested cash held at the Account Custodian and deposits in the Depository Accounts at Insured Depositories) for safekeeping in custody are not considered assets of the FFB Account Custodian, and cannot be reached by any creditors of the Account Custodian. These The assets remain the property of the FFB Depositor, whether such assets are registered in the FFB Depositor’s name, the FFB Account Custodian’s name, a Sub-Custodian’s name or in nominee name. The FFB Account Custodian is simply acting as custodian, holding your assets on your behalf and performing duties such as collecting interest from the Insured Depositories. In general, the FDIC-recognized categories of account ownership include single ownership accounts; accounts held by an agent, escrow agent, nominee, guardian, custodian, or conservator; annuity contract accounts; certain joint ownership accounts; certain revocable trust accounts; accounts of a corporation, partnership, or unincorporated association; accounts held by a depository institution as the trustee of an irrevocable trust; certain irrevocable trust accounts; certain retirement and other employee benefit plan accounts; and certain accounts held by government depositors. The FDIC imposes special requirements for obtaining pass-through deposit insurance coverage for multiple levels of fiduciary relationships. In these situations, in order for deposit insurance coverage to pass through to the true beneficial owners of the funds, it is necessary (i) to expressly indicate, on the records of the insured depository institution that there are multiple levels of fiduciary relationships; (ii) to disclose the existence of additional levels of fiduciary relationships in records, maintained in good faith and in the regular course of business, by parties at subsequent levels; and (iii) to disclose, at each of the level(s), the name(s) and the interest(s) of the person(s) on whose behalf the party at the level is acting. No person or entity in the chain of parties will be permitted to claim that they are acting in a fiduciary capacity for others unless the possible existence of such a relationship is revealed at some previous level in the chain. If your Deposits are beneficially owned through multiple levels of fiduciary relationship, you must take steps to comply with these special requirements. Until your funds are actually received in investible form and processed by the Insured Depository, your funds may be insured at the FFB Custodian up to $250,000 in total and not at the Insured Depository. If, for any reason, the amount deposited in any Insured Depository exceeds the applicable SMDIA, the excess funds would not be insured by the FDIC. Neither StoneCastle nor the FFB Custodian, shall have any liability for any insured or uninsured portion of your Deposits in any of the Insured Depositories. In the event that deposit insurance payments become necessary, payments of principal plus unpaid and accrued interest up to the SMDIA per legal category of account ownership multiplied by the number of Insured Depositories shall be made to you. However, there is no specific time period during which the FDIC must make insurance payments available. Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made.