Common use of Account Authority Clause in Contracts

Account Authority. Client hereby grants to AIA full and complete investment discretion and trading authority over the Account, as well as authority to debit the Account exclusively for the payment of advisory fees to AIA. Client may rescind this grant of authority by written notice at any time, provided, that such notice shall be deemed a notice of termination pursuant to Section 9. For the avoidance of doubt, AIA’s investment discretion and trading authority shall extend to securities deposited in the Account by Client at any time. AIA will liquidate any such securities that it deems, in its sole discretion, to be incompatible with the Investment Proposal, unless specifically instructed by Client to transfer those securities out of the Account or hold them within the Account. Proceeds from the sale of incompatible securities will be invested in accordance with the Investment Proposal. Given the possibility of liquidation, Client should consult a tax professional prior to depositing any securities in the Account. Client is solely responsible for any tax liabilities, fees, or third-party commissions (e.g., surrender fees, contingent deferred sales charges, etc.) triggered by such sales. Neither AIA nor Broker will charge any commission on any such sale. AIA will allocate a certain percentage of the Account to cash. This cash allocation is intended to ensure sufficient liquidity for payment of fees and expenses (including our advisory fee) and to cover potential price changes when executing transactions. Custodian may place cash balances that are either pending investment or specifically allocated to cash on deposit at one or more banks, including Ally Bank, together with cash balances of other customers of Broker in an unsegregated account. Ally Bank uses such funds on deposit for its general business purposes, thereby deriving financial benefit from them, and pays interest to Custodian. Custodian shares that interest with Broker, which in turn pays a portion of that interest to you. Ally Bank, Broker, and AIA are affiliated entities through their parent company, Ally Financial. Client is responsible for all decisions concerning the voting of proxies, and AIA will not give any advice or take any action with respect to proxies unless required by applicable law. AIA will not render legal advice or take legal action on Client’s behalf with respect to securities that become the subject of legal proceedings, such as bankruptcy proceedings or class actions. Client is solely responsible for: (i) directing the manner in which proxies are voted; and (ii) making all elections relating to mergers, acquisitions, tender offers, bankruptcy proceedings, and all other such events pertaining to Client’s securities. AIA is not responsible for delivering any proxy or other issuer-related materials to Client.

Account Authority. Client hereby grants to AIA Douugh Wealth full and complete investment discretion and trading authority over the Account, as well as authority to debit the Account exclusively for the payment of advisory fees to AIA. Client may rescind this grant of authority by written notice at any timeauthority, provided, that such notice shall be deemed a notice of termination pursuant to Section 910. For the avoidance of doubt, AIA▇▇▇▇▇▇ Wealth’s investment discretion and trading authority shall extend to securities deposited in the Account by Client at any time. AIA Douugh Wealth will liquidate any such securities that it deems, in its sole discretion, to be incompatible with the Investment Proposal, unless specifically instructed by Client to transfer those securities out of the Account or hold them within the Accountrecommended portfolio. Proceeds from the sale of incompatible securities will be invested in accordance with the Investment Proposalrecommended portfolio. Given the possibility of liquidation, Client should consult a tax professional prior to depositing any securities in the Account. Client is solely responsible for any tax liabilities, fees, or third-party commissions (e.g., surrender fees, contingent deferred sales charges, etc.) triggered by such sales. Neither AIA Douugh Wealth nor Broker will charge any commission on any such sale. AIA Client may impose reasonable restrictions upon the management of the Account by requesting that Douugh Wealth reallocate to an alternative Robo Portfolio in place of the current one. Douugh Wealth will not accept Client requests for restrictions that are inconsistent with Douugh Wealth’s stated investment strategy or philosophy or that are inconsistent with the nature or operation of Douugh Wealth’s wrap fee program. Douugh Wealth will allocate a certain percentage of the Account to cash. This cash allocation is intended to ensure sufficient liquidity for payment of fees and expenses (including our advisory fee) and to cover potential price changes when executing transactions. Custodian may place cash balances that are either pending investment or specifically allocated to a cash on deposit at one or more banks, including Ally Bank, together with cash balances of other customers of Broker in an unsegregated account. Ally Bank uses such funds on deposit for its general business purposes, thereby deriving financial benefit from them, and pays interest to Custodian. Custodian shares that interest with Broker, which in turn pays a portion of that interest to you. Ally Bank, Broker, and AIA are affiliated entities through their parent company, Ally Financial. Client is responsible for all decisions concerning the voting of proxies, and AIA will not give any advice or take any action with respect to proxies unless required by applicable law. AIA will not render legal advice or take legal action on Client’s behalf with respect to securities that become the subject of legal proceedings, such as bankruptcy proceedings or class actions. Client is solely responsible for: (i) directing the manner in which proxies are voted; and (ii) making all elections relating to mergers, acquisitions, tender offers, bankruptcy proceedings, and all other such events pertaining to Client’s securities. AIA is not responsible for delivering any proxy or other issuer-related materials to Client.