Welcome to your new Applied Bank Deposit Account. By maintaining your Deposit Account you agree
to be bound by Applied Bank's (hereinafter referred to as the "Bank", "we", "us", or "our") Deposit
Agreement (hereinafter referred to as "Agreement") and the changes that may be made periodically. In
this Agreement "you", "your(s)" and "Customer" refer to the person(s) who open this Deposit Account
or who subsequently become jointly responsible for the Account. Notice of any change (except changes
to the interest rate and annual percentage yield as described in this Agreement) that may adversely affect
your Deposit Account will be mailed to you 30 calendar days before the effective date of such change.

The funds deposited in your Deposit Account (hereinafter referred to as the "Account," unless otherwise
indicated), are subject to all applicable federal and state laws, including banking regulations. Please keep
this Agreement in a safe place for future reference.

Important Information about Procedures for Applying for or Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify and record information that identifies each person who
opens an Account. What this means for you: When you apply for or open an Account, we will ask for
your name, address, date of birth and other information that will allow us to verify your identity. We
may also ask you to provide government issued identification. Additionally, you authorize the Bank to
confirm your identity through alternative sources when necessary (such as when applying for a new
Account on the Internet).

Sharing of Information
By requesting the Bank to open an Account for you, you authorize the Bank to check your credit and
employment history. You will also be provided with our Privacy Policy Notice containing information
on the Bank's confidentiality and information security practices with respect to information we may
have about you.

Customer Liability
If the Account is for more than one person, each of you individually and all of you together agree to the
terms of this Agreement for yourself and for any person you represent. You authorize the Bank to deduct
its fees and charges from your Account balance and you agree to immediately pay any Account deficit
resulting from charges or overdrafts, whether caused by you or any other person who is authorized to
use your Account. To the extent permitted by law, you must pay any costs that the Bank incurs to collect
the deficit, including reasonable attorney's fees. If you ask the Bank to undertake special services in
connection with your Account, the Bank may charge you a reasonable fee for such services and deduct
this fee from your Account balance.

FDIC Insurance
Your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The amount of
insurance coverage provided to you at the Bank is at least $250,000, including interest and principal.
Funds you hold in different ownership categories are insured separately from each other. Each of these
ownership categories (i.e., single, joint, revocable trust, irrevocable trust, corporation, partnership,
unincorporated association, retirement, and public unit) has specific requirements that must be met in
order to receive separate insurance under the category. For further information on FDIC insurance
coverage, please visit the FDIC website at www.fdic.gov. Any non-deposit investment products such as
mutual funds, annuities, stocks and bonds and the contents of a safe deposit box that you may have with
the Bank are not covered by FDIC insurance.

Deposits may be made in person at any branch of the Bank; by mail sent to Applied Bank,
P.O. Box 15060, Wilmington, DE 19850-5060, at our Automated Teller Machines
("ATM"), by electronic fund transfers, by messenger or by wire transfer. The Bank reserves the right to
limit the amount accepted for deposit into any interest-bearing Account.
You agree to fully cooperate and assist in the reconstruction and proof of loss of any non-cash items
included in deposits that are lost or stolen in transit, either before or after we have received and accepted
the deposit. The sole liability of the Bank in the event of destruction or loss of any non-cash items
included in deposits from whatever cause, including its own negligence, is limited to reimbursement for
reasonable out-of-pocket costs necessary to obtain replacement items from the makers, including
stop-payment costs.

Deposits by Minors
Deposits by minors and Accounts in the name of minors are permitted generally. However, the Bank
reserves the right to refuse any deposit or withdrawal made by or in the name of a minor without the
permission of the minor's parent or guardian.

Erroneous Deposits
The Bank may withdraw from your Account and/or use any other legal remedies to recover any amount
incorrectly deposited into your Account. You agree not to withdraw, and to immediately repay, any
amount incorrectly deposited into your Account from any source and for any reason, whether in
connection with a direct deposit plan or otherwise.

You are required to use the forms of checks the Bank provides to you directly or through the Bank's
authorized vendors. The Bank reserves the right to reject checks that you purchase through an
unauthorized vendor if they fail to meet the Bank's check processing specifications. You must report
lost or stolen checks to the Bank immediately.

Restrictive Legends
We are not required to honor any restrictive legend placed on checks you write unless we have agreed in
writing to the restriction. We are not responsible for any losses, claims, damages or expenses that result
from your placement of these or other special instructions on your checks.

Automated Clearing House
You may from time to time be a party to an Automated Clearing House ("ACH") entry that may be
credited or charged to your Account. You agree to be bound by the National Automated Clearing House
Association ("NACHA") operating rules then in effect for any ACH transactions. You agree that we
may rely on the representations and warranties of the originator of the ACH transaction set forth in the
NACHA operating rules in debiting or crediting your Account. We will notify you of the receipt of any
ACH entry only in your Account statement, and you may confirm receipt by calling us at
(800) 616-4605. You agree that payment of ACH entries will be processed on the basis of the
identifying number, even if the identifying number identifies a person or entity different from the named
party in the transaction. If you receive an unauthorized transaction posted to your Account, you must
notify us within fifteen (15) days of the Statement mailing date of the Statement in which the
unauthorized transaction was listed in order for us to return the item as unauthorized. We will not be
able to return the item after that time without the cooperation and agreement of the originating financial
institution and the originating company. Any other action must be conducted between you and the
originator of the transaction.

Overdraft Protection
Savings and money market deposit Accounts or lines of credit may be used to provide Overdraft
Protection in connection with a checking Account pursuant to the Bank's policies. The savings or money
market deposit Account balance or the available credit of a line of credit must be sufficient to cover the
full overdrawn balance plus any applicable fees.

You agree that, to the extent that any person allowed to withdraw funds from your Account owes the
Bank a debt that is due and payable, without prior notice and when permitted by law, the Bank may set
off any funds in your Account against the debt. In other words, the Bank may apply the funds in your
Account to repayment of the debt. If a deposit is made to the Account from a source that, by law, cannot
be used to offset your obligations to the Bank, such as a Social Security payment, you agree that, once
the funds are deposited into the Account, they will lose their special protected character and will be
subject to set-off in the same manner as other funds. However, within five (5) days after any such
special deposit, you may call the Bank's Customer Service Center and direct the Bank to reverse its
set-off. In such an event, the Bank will return to you the amount of your deposit and terminate the
Account. You will still be obligated to pay the Bank the amount of any deficit in the Account.

Definitions of "Business Days" and "Deposit Dates"
"Business Days" are Monday through Friday, except New Year's Day, Martin Luther King Day,
President's Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans' Day,
Thanksgiving Day, Christmas Day and the Monday after any New Year's Day, Memorial Day,
Independence Day, Veterans' Day and Christmas Day falling on a Sunday.
The "Deposit Date" is the date a deposit is made at a Bank office on a business day before 3:00 PM or at
an ATM owned or operated by the Bank on a business day before the cut-off time posted on the ATM.
Otherwise, the "deposit date" is the next business day.

Electronic Funds Transfer
The following terms and conditions and disclosures are made to you to explain how electronic banking
works on your Account. They govern the funds transfer to your Account that you preauthorize, such as
direct deposits and automatic payments to your Account, if such transfers are made electronically.

In Case of Errors or Questions about Your Electronic Transfer
If you think your statement or receipt is wrong or if you need more information about a transfer listed on
your statement or receipt call us at (800) 616-4605 or write to us as soon as you can at:

Applied Bank
P.O. Box 15060
Wilmington Delaware 19850-5060

We must hear from you no later than 60 days after Statement closing date of the FIRST Statement on
which the problem or error appeared. Include the following information when you contact us:

If you tell us verbally, we may require that you send us your complaint or question in writing within 10
business days. We will determine whether an error occurred within 10 business days after we hear from
you and will correct any error promptly. If we need more time, however, we may take up to 45 days to
investigate your complaint or question. If we decide to do this, we will credit your Account within 10
business days for the amount you think is in error, so that you will have the use of the money during the
time it takes us to complete our investigation. If we ask you to put your complaint or question in writing
and we do not receive it within 10 business days, we may not credit your Account. We will tell you the
results within three business days after completing our investigation. If we decide that there was no
error, we will send you a written explanation. You may ask for copies of the documents that we used in
our investigation.

Automated Teller Machine (ATM) Transactions
Generally, ATMs that the Bank owns or operates are either attached to one of the Bank's branches or
prominently display the Bank's name and logo (the "Bank ATMs").

A Personal Identification Number (PIN) is a unique number issued to you or selected by you that
ensures that only you or someone to whom you provide the PIN to can access your Account by using
your Debit Card. You must use your PIN to perform transactions at an ATM. If you disclose your PIN to
any person who subsequently uses it to perform a transaction in your Account, that person is authorized
by you to perform such transactions, unless you notify the Bank in writing that subsequent transactions
by that person are no longer authorized and your PIN is changed.

A Security Code is a three (3) digit number printed on the signature panel on the back of your Debit
Card. It may from time to time be requested to ensure that the card is in the possession of the user. This
usually occurs for Internet, mail order, or telephone order transactions.

You may deposit cash and checks at Bank ATMs and you may deliver cash and checks for transmission
to the Bank for eventual deposit into your deposit Accounts.

Certain transaction services are only available at Bank ATMs inside or outside of the United States.
Some services may not be available at certain ATMs. ATM services only apply to the deposit Accounts
you have listed on your application form and have designated as the primary Account of each type, or
any other primary Accounts that are added later at your written request. There are limits on the amount
and number of withdrawals and transfers you can make using ATMs but we do not disclose these limits
for security reasons. In addition, certain ATMs not owned or operated by the Bank may have different
cash withdrawal limits.

Set forth in the Schedule of Fees are the fees the Bank charges for certain transactions including ATM
and other electronic fund transfer transactions. Fees are subject to change. The owners of ATMs you use
may also charge fees (commonly called surcharges) for ATM transactions, even if the ATM is owned or
operated by one of the Bank's affiliates.

Internet and Telephone Banking Services

The Bank offers (1) Online Banking and (2) Telephone Banking. The Online Banking service allows
you to pay bills, make transfers and obtain information on your Bank Accounts safely, quickly and
conveniently by using our secure Online Banking system. The Telephone Banking service allows you to
pay bills directly from your checking Account in the amounts and on the days you request by using your
Telephone Banking code. This service also allows you to move money between Accounts that are
owned by the same persons. The Bank may charge a fee, as set forth in the Schedule of Fees, for these

Lost or Stolen Debit Cards, Personal Identification Numbers (PIN), and Security Codes and Unauthorized Transfers
If you believe that your Debit Card ("card"), PIN or Security Code has been lost or stolen or that
someone has transferred or withdrawn or may transfer or withdraw money from your Account without
your permission, call (800) 616-4605, or write:

Applied Bank
P.O. Box 15060
Wilmington, DE 19850-5060

Notify the Bank immediately if you believe that your card, PIN or Security Code has been lost or stolen.
Telephoning is the best way of keeping your possible losses down. You could lose all of the money in
your Account plus the amount of your overdraft protection. However, if you report the loss or theft
within two (2) business days, you can lose no more than $50 if someone uses your card without your

If you do NOT report the loss or theft of your card, PIN or Security Code within two (2) business days,
and the Bank can prove that someone could have been stopped from using your card, PIN or Security
Code without your permission if you had told the Bank, you could lose as much as $500.

Also, if your statement shows transfers that you did not make, tell the Bank at once. If you do not tell the
Bank within 60 days after the statement was mailed or delivered to you, you may not get back any
money you lost after the 60 days if the Bank can prove that the Bank could have stopped someone from
taking the money if you had told the Bank in time. At present, however, you have zero liability for any
fraudulent transactions made with a Visa branded Debit Card although federal regulation permits such
liability as described above.

Interest Rate and Annual Percentage Yield
Your interest rate and Annual Percentage Yield ("APY") may change. The Bank may change the interest
rate on your Account at any time at our discretion without notifying you. The Annual Percentage Yield
Earned ("APY-E") reflected on your Statement is the actual yield earned during that particular statement
period (based on the number of days in the Account cycle). The interest credited to your Account in
relationship with average daily balance determines the APY-E. The APY is calculated and earned on the
assumption that there are no withdrawals and that the interest rate remains unchanged. We use the
simple interest method to calculate the interest on your Account each day.

This method applies a daily periodic rate to the balance in the Account each day. You earn interest on
the entire balance in your Account each day your Account balance is at least the minimum balance
required for that Account. No interest will be paid for any day your daily balance is less than that
minimum balance, unless otherwise specified. The interest is not compounded each day.

You may obtain current rate information by contacting our Customer Service Department at
(800) 616-4605.

Crediting and Accrual of Interest
Interest accrues daily on your Account balance and credited monthly to your Account on the statement
cycle closing date, after which it will be available for withdrawal. Once the interest is credited to your
Account it is compounded in subsequent calculations of interest. No interest will accrue for the day
funds are withdrawn. Interest is not paid on deposited checks that are returned unpaid. You may
terminate your Account at any time and for any reason. If you terminate your Account, we need not pay
you interest that has accrued but has not been credited. Interest earned on your Account may be subject
to withholding for federal income tax if we receive notice from the IRS or you fail to provide us with
your correct taxpayer ID number or signed W9 certification.

Stop Payments
Stop Payment orders are permissible, subject to applicable law, in person, by mail, by telephone, or
through online banking on any check or Automated Clearing House (ACH) debit transaction that has not
cleared your Account and is received at such time as to give the Bank a reasonable opportunity to act.
To request a stop payment, you must precisely identify the type (check or ACH debit), the check
number, date of check or anticipated ACH transfer, the exact amount of the item, and the payee. Only
the person who initiated the stop payment may make a release of the stop payment request.

Oral stop payment orders are binding for fourteen (14) days only, unless you confirm the order in writing
and we receive it within the fourteen-day period. When a stop payment request form is properly signed and
returned, the order is effective after the latest date the form is received, accepted, and recorded on your
Account. The order will not expire unless you withdraw the stop payment request, or, the return of the debit
entry. When the stop payment applies to more than one debit entry relating to a specific authorization
involving a specific originator, the order will not expire until the return of all the debit entries. The Bank
will not be liable for any reasonable delay in accepting and recording a stop payment to your Account.
A Stop Payment Fee will be charged to your Account (please refer to Schedule of Fees). The Bank will not be
liable should any check or other item be paid under a stop payment request due to inaccurate information
provided by you.


The Bank will provide you with a monthly periodic statement showing your Account transactions, fees
charged, APY earned, any interest earnings credited during the Account cycle, and the length of the
Account cycle. The Bank will mail statements to the most current address you have provided for our
records. You will be held responsible for any fraud loss if you fail to exercise reasonable care in
examining the statement or fail to report forgeries or alterations to the Bank within 60 days of the
mailing date of the earliest statement containing those items. We will not be liable if items were forged
or altered so cleverly that the fraud could not be detected by a reasonable institution. The Bank will not
include your checks with your Account statements for personal and business checking Accounts, money
market deposits, and other such Accounts. The Bank will store image copies and provide you with
copies upon request and upon payment of the applicable charges set forth in the Schedule of Fees.

Availability of Funds

Federal Reserve Regulation CC provides guidance for the availability of deposited funds as follows:

Description of Deposit   When Funds Can Be Withdrawn
Direct Deposits or Cash The day we receive the deposit
Wire transfers; cashier's, The first business day after the certified, teller's, or government day of deposit checks; a Treasury, Federal Reserve Bank, or Federal Home Loan Bank check, or a US Postal Service Money Order, and the first $200.00 of a days' deposit of other checks   The first business day after the day of deposit
Other Check Deposits   The second business day after the day of deposit

Longer Delays May Apply
Funds you deposit by check may be delayed for a longer period under the following circumstances:

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell
you when the funds will be available. They will generally be available no later than the fifth business
day after the day of your deposit.

Money Markets and Savings

If you deposit a check, funds will be made available for withdrawal on the fifth (5th) business day after
the day of deposit.

New Accounts
If you are a new Customer, any check funds deposited into a new Account will become available on the
seventh (7th) business day after the day of deposit. As an exception, if you are a new Customer the first
$5,000 of funds deposited to a New Account on any deposit date made in cash, wire transfer, cashier's,
certified, teller's, government, treasury, Federal Reserve or Federal Home Loan Bank check, or a US
Postal Service Money Order, will be made available for withdrawal the first business day after the day
of your deposit. The excess over $5,000 will be available on the seventh business day after the day of
your deposit. The new Customer status will remain on your Account for 30 days.

Schedule of Fees

The Bank may charge the following fees for servicing your Account. More than one fee may apply to
any one transaction per monthly Account cycle:

Excessive Transaction Fee (per item) $ 25.00
Minimum Balance Fee $ 10.00
Return Item Fee $ 35.00
Returned Deposit Fee (per item) $ 15.00
Stop Payment Order Fee (per item) $ 25.00
Levy/Court Order Fee (per item) $ 100.00
Statement Copy Fee (per copy) $ 5.00
Copy of Canceled Check Fee (per copy) $ 7.00
Official Check Fee (per check) $ 25.00
Dormant Account Fee $ 10.00
Account Research Fee (per/hour, 1 hour minimum) $ 15.00
Incoming Wire Fee (except to open the Account) $ 3.00
Outgoing Wire Fee (per wire) $ 20.00
Express Mail Handling $ 20.00
Bill Payment Insufficient Funds $ 35.00
Bill Payment Next Day Fee $ 14.95
Bill Payment Same Day ACH Fee $ 9.95
Debit Card Replacement Fee $ 30.00
Debit Card Expedited Delivery Fee $ 35.00
Late Charge - Safe Deposit Rental Fee Payment $10.00

Electronic Deposits

The Bank uses the term Electronic Deposits to include both wire transfers and ACH credit transfers.
These funds will be available no later than the business day following the day the funds are received.
Once these funds are available, you can withdraw the funds in cash and the Bank will use the funds to
pay checks that you have written or to make electronic payments or transfers.

Large Withdrawals
Due to security and operating requirements, the Bank reserves the right to require you to provide the
Bank with up to 48 hours prior written notice of your intent to withdraw more than $5,000 in one day by
cash withdrawal from the Bank's staffed teller stations, wire transfer, treasurer's or official bank check,
or any combination of these withdrawal methods. If you anticipate the need to make such a withdrawal,
you should contact the Bank for a further explanation of this requirement.

Substitute Checks and Your Rights
The "Check Clearing for the 21st Century Act" ("Check 21 Act") is a federal law designed to improve
the efficiency of the payment system in the United States. The Check 21 Act does this by permitting
financial institutions to process transactions using digital images of checks, rather than the original
checks. As a result, these digital images of checks may post to Accounts much more quickly than before.
If you request a copy of your check, and your check was processed using a digital image, these digital
images will then be converted to a "substitute check" and identified as a legal copy of the original.

What Is a Substitute Check?
To make check processing faster, federal law permits banks to replace original checks with "substitute
checks." These checks are similar in size to original checks with a slightly reduced image of the front
and back of the original check. The front of a substitute check states: "This is a legal copy of your check.
You can use it the same way you use the original check." You may use a substitute check as proof of
payment just like the original check. If you request a copy of a check, the check that you receive back
from us may be a substitute check. This notice describes rights you have when you receive substitute
checks. There may be a fee for such copies as described in the Schedule of Fees. The rights in this notice
do not apply to original checks or to electronic debits to your Account. However, you have rights under
other law with respect to those transactions.

What Are My Rights Regarding Substitute Checks?
In certain cases, federal law provides a special procedure that allows you to request a refund for losses
you suffer if a substitute check is posted to your Account (for example, if you think that we withdrew
the wrong amount from your Account or that we withdrew money from your Account more than once
for the same check). The losses you may attempt to recover under this procedure may include the
amount that was withdrawn from your Account and fees that were charged as a result of the withdrawal
(for example, returned check fees). The amount of your refund under this procedure is limited to the
amount of your loss or the amount of the substitute check whichever is less. You also are entitled to
interest on the amount of your refund if your Account is an interest-bearing Account. If your loss
exceeds the amount of the substitute check, you may be able to recover additional amounts under other
law. If you use this procedure, you may receive up to $2,500 of your refund (plus interest if your
Account earns interest) within 10 business days after we received your claim and the remainder of your
refund (plus interest if your Account earns interest) no later than 45 calendar days after we received
your claim. We may reverse the refund (including any interest on the refund) if we later are able to
demonstrate that the substitute check was correctly posted to your Account.

How Do I Make a Claim for a Refund?
If you believe that you have suffered a loss relating to a substitute check that you received and that was
posted to your Account, please contact us at (800) 616-4605, or write to us at:

Applied Bank
P.O. Box 15060
Wilmington, DE 19850-5060

You must contact us within 40 calendar days of the date that we mailed (or otherwise delivered by a
means to which you agreed) the substitute check in question or the Account statement showing that the
substitute check was posted to your Account, whichever is later. We will extend this time period if you
were not able to make a timely claim because of extraordinary circumstances.
Your claim must include:

  1. A description of why you have suffered a loss (for example, you think the amount withdrawn
    was incorrect);
  2. An estimate of the amount of your loss;
  3. An explanation of why the substitute check you received is insufficient to confirm that you
    suffered a loss; and
  4. A copy of the substitute check or the following information to help us identify the substitute
    check: the check number, the date of the check, the name of the person to whom you wrote the
    check and the amount of the check.

If you have questions about the Check 21 Act and how it may affect your Account with us, please stop
by any of our branch offices or call us at (800) 616-4605.

Inactivity/Escheat/Dormant Accounts

An Account is considered inactive if you do not make a deposit or withdrawal (including writing a
check) for 24 consecutive months. At that time, the Bank will attempt to contact you in order to
reactivate your Account. The Bank's inability to make contact with you within thirty (30) days, will
deem the Account dormant. Unclaimed funds in dormant Accounts will be escheated as abandoned
property to the appropriate government entity.

Transaction Limitations

Transaction Limitations apply to Money Market and Savings Accounts. There is a limit of six (6)
authorized transfers or withdrawals or other drafts to third parties in each monthly Account cycle. The
number of withdrawals made payable to you, whether made in person, by mail, or through an ATM are
not limited.

A check is considered paid when it is cleared by the Bank and not when it is written. If you exceed the
preceding limitations, you will be charged an Excessive Transaction Fee (please refer to the Schedule of
Fees). Pursuant to federal regulations on transaction limitations, if you exceed the preceding limitations,
the Bank may terminate your Account and either mail a check for your Account balance to the address
of the account involved or transfer your Account balance to another Applied Bank transaction Account
that is yours. The Bank reserves the right not to pay checks presented that violate this rule. The Bank
reserves the right at any time to require seven (7) or more days prior written notice for all Large

Cut-Off Times
Transactions received after the cut-off time will be posted to your Account the following business day as

Incoming/Outgoing wires - 2:00 PM ET Check Deposits - 3:00 PM ET

Post-Dated, Stale-Dated, and Conditional Checks
The Bank may pay any check or other item drawn on an Account even though: it is paid by us before its
date; it is presented to us for payment more than six months after its date; a stop payment request has
expired; or it contains language that intends to make it void after a stated time; or it contains other
language that intends to establish conditions under which it may be paid, unless we otherwise agree in
writing. We will not be liable for paying a check or other item under any of these circumstances.

You should endorse checks deposited to your Account in the designated area on the back of the check.
The Bank will not be liable for any losses or expenses that result due to a delay in returning a check
because your endorsement is obscured by other material on the back of the check. You agree to
indemnify us against any such losses and expenses that may occur.

Account Termination

You or the Bank may terminate your Account at any time. We will make an attempt, by means
determined by us, to notify you of the Account termination. Termination does not release you from
payment of accrued fees or liability for checks in process. You are entitled to the return of the balance in
your Account less any appropriate debit items. If your Account is interest-bearing and it is terminated by
us due to violations of this Agreement before interest is credited, we need not pay you interest that has
accrued but has not been credited.

Deposit Account Ownership - Joint Accounts
If more than one person signs the forms for opening the Account or subsequently signs such forms, you
have created a joint tenancy with the right of survivorship and not a tenancy in common (a form of
ownership). In the event of the death of any owner, interest in your Account automatically passes, by
way of law, to the remaining owner(s). Each owner must have his or her signature on file with the Bank
in order to withdraw funds from the Account or to provide written instructions to us regarding the
Account. Any owner may make deposits. Any owner may withdraw all funds from the Account without
the knowledge and consent of the other owner(s). When the Bank acts upon instructions given by one or
all owners, you agree to release us from all liability. Once a joint Account is established, one owner
cannot remove another from the title of the Account without the written consent of the individual being
removed. The addition of an owner to the Account requires the written consent of all existing owners.

Death or Incompetence of the Depositor

If you die or are declared incompetent, neither event revokes the authority of the Bank to accept, pay, or
collect items until we know of either event and have a reasonable opportunity to act. Even with
knowledge, we may, for ten days after receipt of the death certificate, pay checks drawn before death,
unless ordered to Stop Payment by the personal representative of the estate.

Custodial Accounts

An Account that is opened by an adult as custodian for a minor is made pursuant to the applicable
Uniform Gifts to Minors Act and is a custodial Account. Only one custodian and only one minor may be
named in the title to a custodial Account. A successor custodian may be named upon the Bank's receipt
of a written instruction of the current custodian. Funds deposited in a custodial Account may only be
used for the benefit of the minor in a manner permitted by appropriate law. We will not be liable for any
action or inaction taken by us in good faith of the requirements of the applicable Uniform Gift to Minors
Act. The Bank may require all signatures on any instructions to be notarized. Upon the minor attaining
the age of the majority, the custodian (not the Bank) is legally required to release the funds to the former
minor. You must be at least 18 years or older to establish an Account with the Bank.

Beneficiary (In Trust For) Accounts
An "In Trust For" Account is one opened in the name of one or two individuals described in the
Account title as trustee(s) for the benefit of (i.e., in trust for) up to three (3) individuals. It is not an
Account opened pursuant to a will, deed of trust, or other instrument that establishes a trust. Until the
death of the trustee(s), the trustee(s) whose signatures appear on the New Account Form have full
control over the Account and can make any changes the trustee(s) desire; however, any instructions must
be in writing and the Bank may require signatures to be notarized. Upon receipt of satisfactory proof of
death of the trustee (if there is only one trustee) or both trustees, the Bank will pay all funds in the
Account to the named beneficiary or beneficiaries, as required by law.

Corporations, Partnerships and Unincorporated Associations

Any deposit Account opened in the name of a business requires the following documentation:

The Bank may refuse to honor any instrument affecting the Account that is presented to us if (i) we do
not have on file a resolution that authorizes the signer of the item to exercise control over the Account,
(ii) we have received notice of a dispute concerning the validity or continued effectiveness of any such
resolution, or (iii) we receive notice of a resolution revoking the signer's authority to exercise control
over the Account.

You agree to notify and provide the Bank with any resolution revoking any signer's authority to exercise
control over the Account. You agree to indemnify and hold us harmless of any loss, liability, and costs,
including attorneys' fees, in the event that any business that is authorized or conducted by you with
regard to the Account is claimed or determined to be beyond your authority as granted by the
organization or entity which owns the Account. Unless the Bank is provided with a resolution to the
contrary, the signature of any authorized signer is sufficient to authorize any activity, including any
payments or withdrawals, regarding the Account.

Attachments and Levies

The Bank may receive writs of attachment issued at the request of one of your creditors or levies issued
by the Internal Revenue Service or other governmental organizations. In such an event, we will deduct
from your Account the applicable fee set forth in the Schedule of Fees.

Miscellaneous Account Items

In order to conduct wire transactions, you will be required to submit signed authorization for any
transfer requests. Only items payable through United States financial institutions and denominated in
United States dollars will be accepted. The Bank reserves the right to refuse, limit, or return any wire
transfer. You authorize the Bank to report any information concerning your Account to any third party
reporting agency.

Telephone Monitoring
You consent and authorize us, and any of our affiliates, servicing companies, or associates to monitor
and/or record any of your telephone conversations with our representatives or the representatives of
those companies.

Your Information

You agree to provide us with accurate and updated information necessary to communicate with you and
to send you information about your Account. Your Statements and any other notices will be sent to you
at the address of the Account. If you change your name, address, telephone numbers or e-mail address,
you must notify us promptly to change your Account(s) information. We may at our option accept
corrections or updates to your personal information from the post office and others. You agree that in the
event that we do not have valid personal information on your Account we may obtain such information
from a third party.:

Applied Bank
P.O. Box 15060
Wilmington, DE 19850-5060

We May Transfer Your Account
We may at any time, and without notice to you, transfer, assign or sell your Account, any sums due on
your Account, this Agreement, or our rights or obligations under your Account or this Agreement to any
person or entity. The person or entity to whom we make any such sale, assignment or transfer shall be
entitled to all of our rights and/or obligations under this Agreement, to the extent sold, assigned or

We will disclose information to third parties about your Account or the transfers you make: (i) where it
is necessary for completing transfers, or (ii) in order to verify the existence and condition of your
Account for a third party, such as a credit bureau or merchant, or (iii) in order to comply with
government agency orders, or (iv) if you give us your written permission.


Arbitration is a method of deciding disputes outside the court system. This Arbitration Provision
governs when and how any disputes you and we may have may be arbitrated instead of litigated in court.
The Arbitration Provision shall be effective unless prohibited by law, rule or regulation.
Certain Definitions. Certain capitalized words used in this Arbitration Provision have special

Starting Arbitration.

Important Limitations

No Class Actions or Similar Proceedings

Arbitration Location and Costs
Any arbitration hearing that you attend will take place at a location reasonably convenient to
your residence. In the event that you file a Claim against us and you cannot afford to pay the fees
charged by the Administrator and the arbitrator or if you believe that such fees are too high, and
you cannot obtain a fee waiver, we will consider any reasonable written request by you for us to
advance the fees. We will pay any fees or expenses we are required to pay by law. The arbitrator
will decide who will be ultimately responsible for paying those fees. In the event that you file a
Claim against us, in no event will you be required to reimburse us for any arbitration filing,
administrative or hearing fees in an amount greater than what your court costs would have been
if the Claim had been resolved in a state court with jurisdiction. In the event that we file a Claim
against you, the arbitrator will decide who is responsible for paying all costs for arbitrating the

Governing Law: Arbitration
This Agreement involves interstate commerce and this Arbitration Provision is governed by the
Federal Arbitration Act ("FAA"), 9 U.S.C. §§1 et seq. The arbitrator must follow: (1) the FAA;
(2) the substantive law, consistent with the FAA, related to any Claim; (3) statutes of limitations;
and (4) claims of privilege recognized at law. Upon the timely request of either party, the
arbitrator must provide a brief written explanation of the basis for the award. The arbitrator will
determine the rules of procedure and evidence to apply, consistent with the FAA, the
Administrator's Rules and this Arbitration Provision. The arbitrator shall not apply federal, state
or local rules of procedure and evidence or state or local laws concerning arbitration

Obtaining Information

Effect of Arbitration Award

Continued Effect of Arbitration Provision

Rejection of Arbitration Provision

Right to Offset

The Bank reserves the right to deduct all or any part of your Account balance to satisfy any claims we
may have against you, without prior notice and to the extent permitted by law. You agree to reimburse
the Bank for any attorneys' fees and expenses incurred.

In the event that legal proceedings are instituted against your Account, whether by a third party or by the
Bank, you agree to reimburse the Bank for our attorneys' fees and related expenses. If the Bank receives
notice of an adverse claim against funds in your Account, we may restrict access to the funds in your
Account for a reasonable amount of time. The time frame for this restriction may be extended if we
receive a court ordered directive or if we receive a bond that is satisfactory to us and that indemnifies us
for any losses that we may sustain in connection with honoring the claim.

Your Account may not be transferred or assigned by you without the Bank's prior written consent.
Information regarding your Account will be given only to those authorized to receive it.

Documentation Requests
The Bank will not return original checks or other paper items presented on your Account. We will
provide you with a copy of any item requested and charge the appropriate fee listed in the Schedule of

Waiver of Rights

The Bank may from time to time waive the enforcement of any of the provisions of this Agreement. If
we do, this will not affect our ability to enforce that provision in our dealings with other Customers or in
our future dealings with you, nor will it be considered an amendment of this Agreement.

Unlawful Internet Gambling Notice
Restricted transactions as defined in Federal Regulation GG are prohibited from being processed
through this account or relationship. Restricted transactions generally include, but are not limited to,
those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling
businesses in connection with the participation by others in unlawful Internet gambling.

Delaware Law
This Agreement is subject to the laws of the State of Delaware.

Applied Bank®
Wilmington, DE
© 2017 Applied Bank. All Rights Reserved. Member FDIC.

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