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Individual Retirement AccountEducation Savings Account

Disclosure Statement & Custodial Agreement

IMPORTANT INFORMATION FROM THE SUNAMERICATRUST COMPANY

Funds invested pursuant to this agreement are not insured by the Federal Deposit Insurance Corporation ("FDIC") merely because the trustee or custodian is a Federal savings association the accounts of which are covered by such insurance. Only investments in the accounts of a Federal

savings association are insured by the FDIC, subject to its rules and regulations.

The participant understands that the funds invested pursuant to this agreement (1) are not FDIC insured (2) are not a deposit or other obligation of, or guaranteed by, SunAmerica Trust Company, and (3) are subject to

investment risks, including possible loss of the principle amount invested.

Table of ContentsSunAmerica Trust Company Privacy Policy Notice ..........................................................................1

SunAmerica Trust Company Roth Individual Retirement Custodial Account ........................4

SunAmerica Trust Company Traditional Individual Retirement Custodial Account ............16

SunAmerica Trust Company Traditional/Roth IRA Disclosure Statement..............................28

SunAmerica Trust Company Coverdell Education Savings Custodial Account ....................41

SunAmerica Trust Company Coverdell Education Savings Account Disclosure Statement ..............................................................................................................................51

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SunAmerica Trust CompanyPRIVACY POLICY NOTICE

FACTS WHAT DOES SUNAMERICA TRUST COMPANY DO WITH YOURPERSONAL INFORMATION?

Why? Financial companies choose how they share your personal information. Federallaw gives consumers the right to limit some, but not all, sharing. Federal lawalso requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

How? All financial companies need to share customers’ personal information to run theireveryday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons SunAmerica TrustCompany chooses to share; and whether you can limit this sharing.

Questions? Call 1-800-858-8850 ext 6010

What? The types of personal information we collect and share depend on the productor service you have with us. This information can include:

• Social Security number and retirement assets

• Account balances and transaction history

• Purchase history and account transactions

When you are no longer our customer, we continue to share your informationas described in this notice.

Reasons we can share your personal information

Does SunAmericaTrust Company

share?

Can you limit this sharing?

For our everyday business purposes—such as to process your transactions, maintainyour account(s), respond to court orders and legalinvestigations, or report to credit bureaus

Yes No

For our marketing purposes—to offer our products and services to you

Yes No

For joint marketing with other financial companies No We don’t share

For our affiliates’ everyday business purposes—information about your transactions and experiences Yes No

For our affiliates’ everyday business purposes—information about your creditworthiness

No We don’t share

For our affiliates to market to you No We don’t share

For nonaffiliates to market to you No We don’t share

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What we do

How does SunAmerica Trust Companyprotect my personal information?

To protect your personal information from unauthorizedaccess and use, we use security measures that complywith federal law. These measures include computer safeguards and secured files and buildings.

How does SunAmerica Trust Companycollect my personal information?

We collect your personal information, for example, when you

• Open an account or give us your contact information

• Provide account information or tell us about your investment or retirement portfolio

• Make deposits or withdrawals from your account

We also collect your personal information from others,such as credit bureaus, affiliates, or other companies.

Why can’t I limit all sharing? Federal law gives you the right to limit only

• sharing for affiliates’ everyday business purposes—information about your creditworthiness

• affiliates from using your information to market to you

• sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.

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Definitions

Affiliates Companies related by common ownership or control.They can be financial and nonfinancial companies.Our affiliates include companies with an AIG orSunAmerica name; financial companies such as Lexington Insurance Company, American General LifeInsurance Company, Variable Annuity Life InsuranceCompany (VALIC), VALIC Financial Advisors, Inc., andothers, such as Stowe Mountain Resort.

Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.

• SunAmerica Trust Company does not share with nonaffiliates so they can market to you

Joint marketing A formal agreement between nonaffiliated financialcompanies that together market financial products orservices to you.

• SunAmerica Trust Company doesn’t jointly market

Other important information

You may have other privacy protections under applicable state laws. To the extent these state laws apply,we will comply with them when we share information about you.

For California Residents: We will limit sharing among our affiliates to the extent required byCalifornia law.

Rev. 5/2017

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SUNAMERICA TRUST COMPANY ROTH INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT Form 5305-RA (Revised March 2002) Under Section 408A of the Internal Revenue Code

The Depositor whose name appears on the Adoption Agreement is establishing a Roth Individual Retirement Account (Roth IRA) under Section 408A to provide for his or her retirement and for the support of his or her beneficiaries after death.

SunAmerica Trust Company, the Custodian, has given the Depositor the disclosure statement required under Regulations section 1.408-6.

The Depositor and the Custodian make the following agreement (the "Agreement"):

ARTICLE I Except in the case of a rollover contribution described in section 408A(e), a recharacterized contribution described in section 408A(d)(6), or an IRA Conversion Contribution, the Custodian will accept only cash contributions up to $5,500 per year for tax years 2016 through 2017. For individuals who have reached the age of50 before the close of the tax year, the contribution limit is increased to $6,500 per year for tax years 2016through 2017. For tax years after 2017, the above limits will be increased to reflect a cost of living adjustment, ifany.

ARTICLE II 1. The annual contribution limit described in Article I is gradually reduced to $0 for higher income levels. For a

single Depositor, the annual contribution is phased out between adjusted gross income (AGI) of $118,000 and$133,000; for a married Depositor filing jointly, between AGI of $186,000 and $196,000; and for a married Depositor filing separately, between AGI of $0 and $10,000. In the case of a conversion, beginning in 2010, themodified AGI and filing status requirements for conversions are eliminated. Adjusted gross income is definedin Section 408A(c)(3) and does not include IRA Conversion Contributions.

2. In the case of a joint return, the AGI limits in the preceding paragraph apply to the combined AGI of the Depositor and his or her spouse.

ARTICLE III The Depositor’s interest in the balance in the Custodial Account is nonforfeitable.

ARTICLE IV 1. No part of the Custodial Account funds may be invested in life insurance contracts, nor may the assets of the

Custodial Account be commingled with other property except in a common trust fund or common investmentfund [within the meaning of Section 408(a)(5)].

2. No part of the Custodial Account funds may be invested in collectibles [within the meaning of Section 408(m)]except as otherwise permitted by Section 408(m)(3), which provides an exception for certain gold, silver, andplatinum coins, coins issued under the laws of any state, and certain bullion.

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ARTICLE V 1. If the Depositor dies before his or her entire interest is distributed to him or her and the Depositor’s

surviving spouse is not the designated Beneficiary, the remaining interest will be distributed in accordancewith (a) below or, if elected or there is no designated Beneficiary, in accordance with (b) below:

(a) The remaining interest will be distributed, starting by the end of the calendar year following the year ofthe Depositor’s death, over the designated Beneficiary's remaining life expectancy as determined in theyear following the death of the Depositor.

(b) The remaining interest will be distributed by the end of the calendar year containing the fifth anniversaryof the Depositor’s death.

2. The minimum amount that must be distributed each year under paragraph 1(a) above is the Account value atthe close of business on December 31 of the preceding year divided by the life expectancy (in the single lifetable in Regulations section 1.401(a)(9)-9) of the designated Beneficiary using the attained age of the Beneficiary in the year following the year of the Depositor's death and subtracting 1 from the divisor for eachsubsequent year.

3. If the Depositor’s surviving spouse is the designated Beneficiary, such spouse will then be treated as the Depositor.

ARTICLE VI 1. The Depositor agrees to provide the Custodian with all information necessary to prepare any reports required

by Sections 408(i) and 408A(d)(3)(E), Regulations sections 1.408-5 and 1.408-6, or other guidance published bythe Internal Revenue Service (the "IRS").

2. The Custodian agrees to submit to the IRS and Depositor the reports prescribed by the IRS.

ARTICLE VII Notwithstanding any other articles, which may be added or incorporated, the provisions of Articles I through IVand this sentence will be controlling. Any additional articles inconsistent with section 408A, the related regulations, and other published guidance will be invalid.

ARTICLE VIII This Agreement will be amended as necessary to comply with the provisions of the Code and the related regulations. Other amendments may be made with the consent of the persons whose signatures appear on theApplication.

ARTICLE IX 1. Definitions a. “Account,” “Custodial Account,” or “Roth IRA” shall mean the Roth Individual Retirement Custodial Account

established hereunder for the benefit of the Depositor and/or his or her Beneficiary or Beneficiaries.

b. “Agreement” shall mean the SunAmerica Trust Company (STC) Roth Individual Retirement Custodial Agreement and Disclosure Statement, including the information and provisions set forth in any Application thatgoes with this Agreement, as may be amended from time to time. This Agreement, including the Account Application and the Designation of Beneficiary filed with the Custodian, may be proved either by an originalcopy or a reproduced copy thereof, including, without limitation, a copy reproduced by photocopying, facsimile transmission, electronic imaging, or other means of electronic transmission.

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c. “Application,” “Account Application,” or “Adoption Agreement” shall mean the Application by which this Accountis established by the Agreement between the Depositor and the Custodian. The statements contained thereinshall be incorporated into this Agreement.

d. “Beneficiary” shall mean the person, persons, entity or entities (i.e., a trust), designated from time to time bya Participant or Participant’s surviving spouse to receive benefits by reason of the death of the Participant orof such spouse, or the person or persons described in Article IX, Section 6c, of the Plan who would otherwisebe entitled to receive such benefits.

e. “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time.

f. “Custodian” shall mean SunAmerica Trust Company.

g. “Depositor” or “Participant” shall mean an individual who adopts the Plan and who makes contributions or onwhose behalf contributions are made to his or her Account pursuant to the Plan. If a Spousal Account is established, “Depositor” or “Participant” shall also mean the spouse on whose behalf such Account is established, where the context so requires, and the Beneficiary of the Depositor following the death of the Depositor.

h. “IRA Conversion Contributions” shall mean amounts rolled over, transferred, or considered transferred froma Traditional IRA to a Roth IRA.

i. “Traditional IRA” shall mean an individual retirement account or annuity described in Section 408(a), 408(b),408(k), or 408(p) of the Code.

j. “Plan” shall mean this STC Roth Individual Retirement Custodial Account Plan, as it may be amended fromtime to time, in accordance with Article VIII of the Plan.

k. “Roth Conversion IRA” shall mean a Roth IRA that accepts IRA Conversion Contributions made during the sametax year.

l. “Spousal Account” shall mean an Account established by a Participant on behalf of the Participant’s non-employed spouse or by an eligible divorced or legally separated spouse.

m. “Sub-Custodian” shall mean SunAmerica Asset Management, LLC.

n. “AIG Funds” shall mean registered investment companies for which SunAmerica Asset Management, LLC or itssuccessors or affiliates serve as investment advisor.

o. “SunAmerica Trust Company” shall mean AIG Federal Savings Bank doing business as SunAmerica Trust Company.

2. Notices and Change of Address a. Any required notice regarding this Roth IRA will be considered effective when mailed by the Custodian to the

last address of the intended recipient, which is on the records of the Custodian. Any notice to be given to theCustodian will be effective when actually received by the Custodian. The last address of the Participant on therecords of the Custodian will be the address used for any tax withholding, disbursement and reporting required by taxing authorities. The Participant will notify the Custodian of any change of address.

b. Representations and Responsibilities. The Participant represents and warrants to the Custodian that any information the Participant has given or will give to the Custodian with respect to this Agreement is completeand accurate. Further, the Participant promises that any direction given by the Participant to the Custodian,or any action taken by the Participant will be proper under this Agreement. The Custodian will not be responsible for the Participant’s actions or failures to act. Likewise, the Participant shall not be responsiblefor the Custodian’s actions or failure to act; provided however, that the Custodian’s duties and responsibilities

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under this Agreement are limited to those specifically stated in the Agreement and no other or further dutiesor responsibilities shall be implied. The Participant does not intend to confer fiduciary duties on the Custodian, and none shall be implied.

3. Contributions a. No Maximum Age for Contributions. A Participant may continue to contribute to a Roth IRA so long as the

Participant has earned income and his or her adjusted gross income is within the range set forth in Article II,regardless of the Participant’s age.

b. Roth IRA Rollover Contributions.

1. If directed by the Depositor, the Custodian shall open and maintain a separate Account for each Roth IRArollover contribution described in Section 408A(c)(3)(B), 408A(c)(6), 408A(e), or 402A(c)(3) of the Code.

2. If the Depositor desires to rollover or have transferred to his or her Roth IRA assets other than cash, the Custodian shall accept such assets only if they are compatible with the Custodian’s administrative or operational requirements and regular business practices.

3. Unless otherwise directed by the Depositor, any Roth IRA rollover contribution made by a Participant may becombined with any other of the Depositor’s Accounts and further contributions may be made to that Account.

4. Roth elective deferrals distributed from a 401(k) cash or deferred arrangement or 403(b) tax-sheltered annuity may be rolled into your Roth IRA.

5. Distributions taken from your qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or457(b) governmental deferred compensation plan after December 31, 2007, may be rolled over to your RothIRA. The Roth IRA conversion rules will apply, including the requirement to include the taxable portion inincome in the year distributed.

c. Nonspouse Beneficiary Rollovers from 401(k) or 403(b) Plans Containing Roth Elective Deferrals.If you are a nonspouse beneficiary of a deceased 401(k) or 403(b) plan participant who had made Roth elective deferrals to the plan, you may directly roll over the Roth elective deferrals, and their earnings, intoan inherited Roth IRA. The Roth IRA must be maintained as an inherited Roth IRA, subject to the beneficiarydistribution requirements, (i.e., you may not roll these assets to your own Roth IRA.)

d. IRA Conversion Contributions. If directed by the Depositor, the Custodian shall open and maintain a separateaccount for each IRA Conversion Contribution described in Section 408A(c)(3), 408A(d)(3), or 408A(e) of theCode. Beginning in 2008, distributions taken from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan may be rolled over to a Roth IRA.The Roth IRA conversion rules will apply, including the requirement to include the taxable portion in incomein the year distributed.

e. Commingling Regular Roth IRA and IRA Conversion Contributions. The Depositor may, if permitted by the Custodian, combine annual Roth IRA contributions and IRA Conversion Contributions in the same Account.The Depositor or his or her agent shall designate to the Custodian each contribution as an annual Roth IRAcontribution or an IRA Conversion Contribution in a form and manner acceptable to the Custodian. Notwithstanding the designation of any particular contribution made to the Account, the Account shall be established and treated as a Roth IRA.

f. Excess Contributions. The Depositor is responsible for the determination of any excess contributions and thetimely withdrawal thereof. If the IRS or the Depositor notifies the Custodian in writing that the contributionsto the Account have exceeded the contribution limitations described in Article I of the Plan, the Custodian shalldistribute from the Account to the Depositor the amount of such excess contribution and, as determined by

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the Depositor, any income attributable thereto. The Depositor may revoke such notice in writing if the IRS hasnot notified the Custodian of its determination that the excess contribution was willfully made by the Depositor. The Custodian, at the request of the Depositor, may credit as a contribution for the current taxableyear, the amount shown in the notice of the Depositor revoking his or her prior notification.

g. Contribution Deadlines.

1. Regular Roth IRA Contributions. The last day to make annual Roth IRA contributions for a particular tax yearis the deadline for filing the Depositor’s federal income tax return (not including extensions), or such laterdate as may be determined by the Department of Treasury or the Internal Revenue Service for the taxableyear for which the contribution relates. The Depositor shall designate, in a form and manner acceptable to the Custodian, the taxable year for which such contribution is made. If the Depositor does not designate ataxable year for any contribution, the Custodian will designate the contribution as being made for the yearin which the contribution is deposited into the Account.

2. IRA Conversion Contributions. IRA Conversion Contributions must generally be made by December 31 of theyear to which the conversion contribution relates. In addition, IRA Conversion Contributions made as arollover from a Traditional IRA must be deposited in a Roth IRA within 60 days of the distribution from theTraditional IRA.

3. Recharacterizations. A contribution that constitutes a recharacterization of a prior Traditional IRA or RothIRA contribution for a particular tax year must be made by the deadline for filing the Depositor’s incometax return (including extensions) for such tax year. For these purposes, IRA Conversion Contributions thatcross the Depositor’s tax years are treated as having been made in the earlier tax year.

4. Recharacterization of Roth IRA Contributions If the Depositor so directs, the Custodian will accept recharacterized contributions made by the Depositor to another IRA, and the earnings thereon, via a trustee-to-trustee transfer to the Custodian to be held in the Custodial Account for the Depositor under this Agreement. The Custodian will not be responsible for any penaltiesor losses the Depositor may incur as a result of the timing of any such recharacterization from another trustee orcustodian. The Custodian shall accept assets other than cash deposited to the Account only if they are compatible with the Custodian’s administrative or operational requirements and regular business practices. If theDepositor so directs, contributions and the earnings thereon made by the Depositor to the Custodial Accountmay be transferred (“recharacterized”) via a trustee-to-trustee transfer to a trustee or custodian of another IRAestablished by the Depositor. Such transfer shall be processed in a form and manner acceptable to the Custodian.It shall be the Depositor’s responsibility in all cases to ensure that the recharacterization is permissible and satisfiesthe requirements of section 408A of the Code and any related regulations, and any other applicable guidance issued by the Internal Revenue Service.

5. Investment of Contributions a. Direction by Participant. All investment instructions of the Participant shall be accepted by the Custodian in

accordance with its established customs and procedures. Each Participant shall direct the Custodian with respect to the investment of all contributions to his or her Account in shares of AIG Funds selected by the Participant at the price and in the manner in which such shares are then publicly offered by AIG Funds. All dividends and capital gains distributions received on shares of an AIG Mutual Fund shall be reinvested in sharesof such AIG Fund. All such shares shall be issued and accounted for as book entry shares, and no physical sharesor share certificates will be issued. In the absence of such directions, the Custodian shall have no investment responsibility except that the Custodian will deposit uninvested cash as provided in Article IX, Section 5(e) of the Plan. The Participant understands that the income from, and gain, or loss on, each

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investment the Participant selects for the Account will affect the value of the Account, and that the growth invalue of an Account cannot be guaranteed or projected.

b. Direction by Beneficiary. In the event that the Participant dies before part or all of his or her interest in thisAccount is distributed to him or her, the remaining assets in the Account shall be invested as directed by theParticipant’s Beneficiary or Beneficiaries; provided, however, that (1) if the Beneficiary is a trust, such investmentdirections shall be given by the trustee of such trust, and (2) if the Beneficiary is the Participant’s estate, such investment directions shall be given by the personal representative of such estate. In such event,the Beneficiary or Beneficiaries shall be treated as the Participant for all purposes as though he or she werethe signatory to the Agreement.

c. No duty to review. The Custodian shall not be under any duty to review or question any direction of the Participant with respect to investments in shares of AIG Funds or to make suggestions to the Participant withrespect to investments. The Custodian will not be liable for any loss that may result by reason of investmentsmade by it in accordance with the directions of the Participant.

d. Delegation of Investment Responsibility. Regardless of any other provision of this Agreement to the contrary, theParticipant may also appoint an investment advisor or other person to act as the Participant’s representative withauthority to direct the Custodian with respect to the investment of assets in the Custodial Account. The appointment, however, will be effective only if (1) the Custodian has received an executed copy of an agreementbetween the Participant and the representative in a form and manner acceptable to the Custodian which specifies the authority of the representative to act on behalf of the Participant, and (2) the Custodian does notobject to acting on the direction of that person, which objection the Custodian may assert for any reason atany time. If the Participant appoints a representative, as provided for above, references to the Participant inthe “Investment of Contributions” section of this Agreement and in the “Powers, Duties and Obligations of theCustodian” section of this Agreement (insofar as pertinent to securities with respect to which the representativehas investment authority) are also to that representative. However, all references in this Agreement to the individual whose Custodial Account is involved and to the making of contributions and the receipt of distributionsare only to the Participant. The Participant may revoke the authority of any representative at any time by notifying the Custodian in a form and manner acceptable to the Custodian and the Custodian shall not be liable in any way for the transactions initiated prior to its receipt of such notice.

e. Uninvested Cash. If the Participant fails to direct the Custodian as to the investment of any cash in the Participant’s Account, the cash not otherwise invested will be deposited by the Custodian into the AIG Government Money Market Fund Class A.

6. Withdrawals a. The Depositor may withdraw all or part of his or her Custodial Account balance at any time. All requests for

withdrawal shall be in a form and manner provided by or acceptable to the Custodian. Any withdrawals shallbe subject to all applicable tax and other laws and regulations including possible early withdrawal penaltiesand withholding requirements. If payment is made outside the United States, special federal income tax withholding rules may apply. Distributions made under the Roth IRA may be made in a single sum, periodic payment, or a combination of both.

b. Required Distributions. The Participant is not required to take a distribution from his or her Roth IRA prior tohis or her death. However, at the death of the Participant, his or her Beneficiaries must begin taking distributionsunless the sole Beneficiary of the Account is the Participant’s spouse and he or she elects to delay distributionsuntil the Participant would have attained age 70 1⁄2 or the spouse elects to treat the Account as his or her ownRoth IRA.

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c. Distributions to Beneficiaries. Following the death of the Participant, the balance of the Participant’s CustodialAccount shall be distributed to the Participant’s designated Beneficiary or Beneficiaries, if any, in accordancewith the provisions of Article V of the Plan and in accordance with the Custodian’s administrative or operationalrequirements and regular business practices. A Participant may designate a Beneficiary or Beneficiaries of theCustodial Account at any time, and any such designation may be changed or revoked at any time, by writtendesignation signed by the Participant in a form and manner prescribed by or acceptable to, and filed with, theCustodian. Such designation, change or revocation shall be effective only upon receipt by the Custodian andonly if such receipt shall be during the Participant’s lifetime. The latest such designation, change or revocationshall control. If there is no Beneficiary designation on file with the Custodian, or if the designated Beneficiary hasnot survived the Participant, the Custodian shall distribute the Custodial Account to the survivors of the Participant in the following order of preference:

(i) the Participant’s surviving spouse, if any,

(ii) the Participant’s children, if any, in equal shares per stirpes, and

(iii) the Participant’s estate.

If the Participant designates more than one primary or contingent Beneficiary but does not specify the percentages to which such Beneficiary or Beneficiaries is entitled, payment will be made to the surviving Beneficiary or Beneficiaries in equal shares. Unless otherwise designated by the Participant in a form and manner acceptable to the Custodian, if a primary or contingent Beneficiary designated by the Participant predeceases the Participant, the Account will be divided equally among the surviving Beneficiary or Beneficiaries. Unless otherwise designated by the Participant in a form and manner acceptable to the Custodian, if there is no primary Beneficiary or Beneficiaries living at the time of the Participant’s death, payment of the Participant’s Account upon his or her death will be made to the surviving contingent Beneficiaryor Beneficiaries designated by the Participant. Unless otherwise specified in the Participant’s Designation of Beneficiary, if a Beneficiary does not predecease the Participant but dies before receiving his or her entire interest in the Custodial Account, his or her remaining interest in the Custodial Account shall be paid to the Beneficiary or Beneficiaries designated by the deceased Beneficiary. If there is no Beneficiary designation ofthe deceased Beneficiary on file with the Custodian, the Custodian shall distribute the Custodial Account to thesurvivors of the deceased Beneficiary in the following order of preference:

(i) the deceased Beneficiary’s surviving spouse, if any,

(ii) the deceased Beneficiary’s children, if any, in equal shares per stirpes, and

(iii) the deceased Beneficiary’s estate.

If the Custodian is unable to make a distribution to a Participant, a Beneficiary, or other distributee becausethe Custodian cannot ascertain such distributee’s whereabouts by writing to the last known mailing addressshown on the Custodian’s records, if any, the Custodian may hold the proceeds in a non-interest-bearing account until such funds escheat by operation of law. The Beneficiary or Beneficiaries are responsible to ensure that distributions are made in accordance with Article V of the Plan.

d. Account Only Source of Benefits. The only source of benefit for the Participant, Spouse, or Beneficiary of theAccount under this Roth IRA Plan shall be the Custodial Account.

e. Qualifying Terminable Interest Property (QTIP) and Qualified Domestic Trust (QDOT). The provisions of this Section 6(e) of Article IX of the Plan shall apply if the Depositor has designated a trust for the benefit of hisor her spouse (which trust is intended to satisfy the conditions of Section 2056(b)(7) or 2056A of the Code)as Beneficiary of this Roth IRA (hereafter referred to as the “Spousal Trust”), but only if the Depositor, thetrustee of the Spousal Trust or the executor of the estate of the Depositor notifies the Custodian in a written

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document acceptable to the Custodian of such individual’s intention to have this Section apply. After the deathof the Depositor, and upon written direction of the trustee of the Spousal Trust, the Custodian shall distributeto the trustee of the Spousal Trust all of the income of the Account for the year annually or at more frequentintervals as directed by the trustee of the Spousal Trust. No person shall have the power to appoint any partof the Account to any person other than the Spousal Trust. If requested by the trustee of the Spousal Trust,the Custodian shall pay additional amounts from the Account’s principal to the Spousal Trust. The trustee ofthe Spousal Trust or the Depositor’s surviving spouse has the right to direct the Custodian to convert nonproductive property into productive property. After the death of the Depositor’s surviving spouse, the Custodian shall pay any amounts remaining in the Account in accordance with written instructions given to it bythe trustee of the Spousal Trust. To the extent permitted by Sections 408A(C)(5) and 401(a)(9) of the Code, asdetermined by the trustee of the Spousal Trust, the surviving spouse of the Depositor who has designated aSpousal Trust as his or her Beneficiary may be treated as the Depositor’s Beneficiary for purposes of the distribution requirement of those Code sections. The Custodian shall have no responsibility to determinewhether such treatment is appropriate.

f. The Custodian shall not be responsible for the purpose, sufficiency or propriety of any distribution. The Custodian is only authorized to make distributions in accordance with instructions of the Participant, orafter the Participant’s death, his or her Beneficiary, or as otherwise provided for in this Agreement. Such instructions must be given in a form and manner acceptable to the Custodian.

7. Transfer a. Transfer. In the event that the Participant terminates his or her Custodial Account, the Custodian shall distribute

or transfer the Account balance in accordance with the Participant’s written instructions and in accordancewith this Agreement. The Participant authorizes the Custodian to retain such sums as the Custodian may deemnecessary for payment of all its fees, compensation, costs and any expenses, including but not limited to annual maintenance fees and Account termination fees, or for payment of any other liabilities, which mightconstitute a charge to either the Account or the Custodian. The balance of any such reserve remaining afterthe payment of the above items shall be paid, distributed or transferred upon satisfaction of any such charge.The Custodian shall have no duty to ascertain whether any payment, distribution or transfer as directed bythe Participant is proper under the provisions of the Code, this Agreement or otherwise.

b. Transfer on Divorce. A Participant may transfer any portion or all of his or her interest in an Account to a former spouse under a written instrument incident to divorce or under a divorce decree containing transferinstructions acceptable to the Custodian and compliant with the Custodian’s administrative or operational requirements and regular business practices, whereupon such Account, or the transferred portion of such Account, shall be held for the benefit of such former spouse subject to the terms and conditions of the Plan.

8. Powers, Duties and Obligations of Custodian a. No Investment Discretion. The Custodian shall have no discretion to direct any investments of an Account,

and is merely authorized to acquire and hold the particular investments specified by the Participant. The Custodian will not act as investment advisor or counselor to a Participant and will not advise a Participant oroffer any opinion or judgment on any matter pertaining to the nature, value, potential value or suitability ofany investment or potential investment by a Participant, except that the Custodian will deposit uninvested cashas provided in Article IX, Section 5(e) of the Plan.

b. Proxies. The Custodian shall deliver to the Participant (or, following the death of the Participant, the Beneficiary) all prospectuses and proxies that may come into the Custodian’s possession by reason of its holding of sharesof AIG Funds in the Account. The Participant (or, following the death of the Participant, the Beneficiary) may

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direct the Custodian as to the manner in which any shares of AIG Funds held in the Account shall be voted. Allsuch directions shall be in a form and manner acceptable to the Custodian and delivered to the Custodian orits designee within the time prescribed by it. The Custodian shall vote only those shares of AIG Funds with respect to which it has received timely directions from the Participant (or, following the death of the Participant, the Beneficiary).

c. Records and Reports. The Custodian shall keep accurate records of all contributions, receipts, investments, distributions, disbursements, and all other transactions of the Account. Within 120 days (or such other deadlineimposed by applicable law) after the close of each calendar year (or after a distribution or transfer of a Participant’s Account or upon the Custodian’s resignation or removal), the Custodian shall file with the Participant a written report (which may consist of copies of the Custodian’s regularly issued Account statements) reflecting all transactions affecting the Account for the period in question and including a statement of the assets in the Account and their fair market values. Unless the Participant files a written statement of exceptions or objections to the report with the Custodian within 60 days after mailing of the report,the Participant shall be deemed to have approved such report and the Custodian shall be released from all liability to anyone (including any Participant’s spouse or Beneficiary) with respect to all matters set forth inthe report as though the report had been settled by judgment or decree of a court of competent jurisdiction.No person other than a Participant, the spouse of a Participant or Beneficiary may require an accounting.

d. Right to Request Judicial Assistance. The Custodian shall have the right at any time to apply to a court ofcompetent jurisdiction for judicial settlement of its accounts or for determination of any questions of construction that may arise or for instructions. The only necessary party defendant to any such action shallbe the Participant, but the Custodian may join any other person or persons as a party defendant. The cost, including attorney’s fees, of any such proceeding shall be charged as an administrative expense under Article IX,Section 11, of this Agreement.

e. Scope of Custodian’s Duties. The Custodian shall only have the duties that are specifically set forth in thisPlan. The Custodian shall have no duty to ascertain whether contributions or distributions comply with the Planor the Code. The Custodian shall not make any investments or dispose of any investments held in an Account, except upon the direction of the Participant or in accordance with Article IX, Section 5(e) or 12(d), of the Plan.The Custodian shall not question any such directions of the Participant, review any securities or other propertyheld in an Account, or make suggestions to the Participants with respect to the investment, retention or disposition of any assets held in an Account. To the maximum extent permitted by law, the Custodian has delegated its duties and responsibilities to SunAmerica Asset Management, LLC and has appointed SunAmerica Asset Management, LLC as Sub-Custodian. All references to the term “Custodian” in this Plan shall be read to refer to the Sub-Custodian to the extent the Custodian has delegated its duties to the Sub-Custodian.

f. Scope of Custodian’s Liability. The Custodian shall not be liable for any loss of any kind which may result fromany action taken by it in accordance with the directions of the Participant or his or her designated agent orattorney in fact or from any failure to act because of the absence of any such directions. The Custodian shallnot be responsible for determining whether any contribution or rollover contribution satisfies the requirementsof the Code. The Custodian shall not be liable for any taxes (or interest thereon) or penalties incurred by theParticipant in connection with any Account or in connection with any contribution to or distribution from theAccount. The Custodian is entitled to act upon any instrument, certificate, or form it believes is genuine andbelieves is executed or presented by the proper person or persons, and the Custodian need not investigate orinquire as to any statement contained in such document but may accept it as true and accurate. The Custodian is not liable for any losses directly or indirectly caused by acts of war, acts of terrorism, labor dis-putes, exchange or market decisions including the suspension of trading, market volatility, trade volume, or by

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government restriction. The Participant shall duly indemnify and hold harmless the Custodian from any liabilitythat may arise hereunder except liability arising from the gross negligence or willful misconduct of the Custodian.

9. Resignation or Removal of Custodian a. Resignation. The Custodian may resign as Custodian hereunder as to any Account by mailing or actually

delivering notice to the Participant 30 days prior to the resignation. Upon its resignation the Custodian may,but shall not be required to, appoint a corporation or other institution as the successor custodian under thisAgreement. Each Participant, after the receipt of the resignation, shall have 30 days to appoint an alternativesuccessor custodian. If no alternate is chosen, the Participant will be deemed to have accepted the Custodian’sappointed successor custodian. Upon acceptance of appointment by the successor, the Custodian shall assign,transfer and deliver to the successor all assets held in the Account to which such resignation or removal relates. The Custodian is authorized, however, to reserve such amounts as it deems advisable to provide for the payment of expenses and fees then due or to be incurred in connection with the settlementof its account, and any balance remaining after the settlement of its account shall be paid to the successorcustodian or trustee. At the sole discretion of the Custodian, any successor custodian appointed by the Custodian may, with the approval of the Custodian, amend the Agreement by giving notice to the Participant.If the Custodian does not choose to appoint a successor, the Participant has 30 days after receiving notificationof the Custodian’s resignation to appoint a qualifying successor custodian. If the Participant does not appoint a successor custodian within this time period, the Custodian shall have the right to terminate theCustodial Account and distribute the assets directly to the Participant.

b. Removal. The Participant shall substitute another custodian in place of the Custodian upon notification bythe Internal Revenue Service that such substitution is required because the Custodian has failed to complywith the requirement of Treasury Regulation section 1.408-2(e), or is not keeping such records, or making such returns, or rendering such statements as are required by that regulation.

c. Successor. The Custodian shall not be liable for the acts or omissions of its successor.

10. Amendment and Termination of the Plan a. Amendment or Termination. The Custodian may amend or terminate this Plan or this Account at any time

consistent with the provisions of applicable law without obtaining the consent of the Participant, the spouseof the Participant or Beneficiary. No amendment of the Plan, however, shall deprive any Participant, spouse ofa Participant or Beneficiary of any benefit to which he or she was entitled under the Plan from contributionsmade prior to the amendment unless the amendment is necessary to conform the Plan to the current or futurerequirements of Section 408A of the Code, or other applicable law, regulation or ruling, in which case the Custodian is expressly authorized to make amendments that are necessary for such purposes retroactivelyto the later of the effective date of the Plan or the effective date of any future legal requirements. A Participant may change an election or designation made with respect to the Adoption Agreement, providedsuch change is made in a form and manner acceptable to the Custodian. A Participant may terminate this Account at any time by delivering to the Custodian a signed written copy of such termination in a form acceptable to the Custodian

b. Distribution on Termination. If the Account is terminated for any reason by the Custodian the balance held ineach Account for the benefit of a Participant, spouse of a Participant or Beneficiary shall be distributed by theCustodian to a successor custodian or trustee, in accordance with Article IX, Section 9, of the Plan. If the Account is terminated for any reason by the Participant, the Custodian shall distribute or transfer the Accountbalance in accordance with the Participant’s written instructions and in accordance with Article IX, Section 7(a)of the Plan.

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11. Fees and Expenses a. Fees. The Custodian’s annual maintenance, termination and other administrative fees shall be charged by the

Custodian for its services hereunder in accordance with the current fee schedule of the Custodian that is ineffect from time to time or as it may be amended by the Custodian. Any administrative expenses, includingfees for legal and/or accounting services incurred by the Custodian at the request of or necessitated by theactions of the Depositor or designated Beneficiary that are over and above the services set forth in the Custodian’s fee schedule, shall be paid by the Depositor and the Depositor hereby covenants and agrees to paythe same. The Custodian’s fees and expenses shall be automatically charged to the Custodial Account unlessthe Depositor chooses to pay the fee directly to the Custodian in a timely manner before the Custodial Accounthas been so charged and fees or other administrative expenses that are not paid by the Depositor directly tothe Custodian when due may be charged to the Custodial Account. The Custodian reserves the right to liqui-date any assets of the Custodial Account to collect any charge for which payment may at any time be past due.In the event of Account termination by the Depositor or the Custodian for any reason, the Custodian shall beentitled to receive the full termination fee, along with the full, non-prorated current year maintenance fees, re-gardless of the date during the year that the Account is terminated. Such amounts will be automatically chargedagainst the Roth IRA at the time the Depositor terminates the Roth IRA. Any reimbursement of fees chargedagainst an Account will be recorded as a contribution to the Account and reported to taxing authorities ac-cordingly. Specific fee details are provided in the current fee schedule available from the Custodian or fromthe financial institution that has introduced the Account to the Custodian.

b. Taxes. Any taxes of any kind whatsoever that may be levied or assessed upon any Custodial Account or that the Custodian may otherwise be charged with the responsibility of collecting shall be paid from theCustodial Account.

12. Miscellaneous a. Prohibited Transactions. No Participant or Beneficiary shall be entitled to use a Participant’s Account, or any

portion thereof, as security for a loan or borrow from the Account. Neither the Custodian, the Participant, norany other person or institution shall engage in any prohibited transaction, within the meaning of Section 4975of the Code, with respect to any Participant’s Account.

b. Prohibition Against Assignment of Benefits. Except to the extent otherwise required by law, none of the benefits,payments or proceeds held in an Account on behalf of any Participant, spouse of a Participant or Beneficiary shallbe subject to the claims of any creditor of such Participant, spouse or Beneficiary, nor shall any Participant,spouse or Beneficiary have any right to anticipate, sell, pledge, option, encumber or assign any of the benefits,payments or proceeds to which he or she is or may be entitled under the Plan.

c. Applicable Law. The Plan shall be construed, administered and enforced according to the laws of the State ofDelaware except to the extent preempted by federal law. All contributions to the Roth IRA shall be deemed totake place in the State of Delaware. The terms and conditions of this Roth IRA shall be applicable without regard to the community property laws of any state.

d. Liquidation of Assets. If the Custodian must liquidate assets in order to make distributions, transfer assets,or pay fees, expenses, or taxes assessed against a Participant’s Account, and the Participant fails to instructthe Custodian as to the liquidation of such assets, assets will be liquidated in the following order to the extentheld in the Account: (1) any shares of a money market fund or money market-type fund, (2) any shares of otherAIG Funds. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated in accordance with the provisions of this Agreement.

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e. Purpose of Form. Form 5305-RA is a model Roth Individual Retirement Custodial Account agreement that meetsthe requirements of Section 408A of the Code and has been automatically approved by the IRS. A Roth Individual Retirement Account is established after the Adoption Agreement is fully executed by the Participantand entered in the records of the Custodian. This Account must be created in the United States for the exclusivebenefit of the Participant or his or her Beneficiary or Beneficiaries.

f. Identifying Number. The Participant’s social security number will serve as the identification number of his orher Custodial Account. An employer identification number is required only for a Custodial Account for whicha return is filed to report unrelated business taxable income. An employer identification number is requiredfor a common fund created for Individual Retirement Accounts.

g. Contributions to a Custodial Account for a non-working spouse must be made to a separate Custodial Accountestablished by the non-working spouse.

h. Distributions made under Article V of the Plan may be made in a single sum, periodic payment, or a combinationof both, subject to the internal policies of the Custodian.

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SUNAMERICA TRUST COMPANY TRADITIONAL INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT Form 5305-A (Revised March 2002) Under Section 408(a) of the Internal Revenue Code

The Depositor whose name appears on the Adoption Agreement is establishing a Traditional Individual RetirementAccount under Section 408(a) to provide for his or her retirement and for the support of his or her beneficiariesafter death.

SunAmerica Trust Company, the Custodian, has given the Depositor the disclosure statement required under Regulations section 1.408-6.

The Depositor and the Custodian make the following agreement (the “Agreement”):

ARTICLE I

Except in the case of a rollover contribution described in Section 402(c), 403(a)(4), 403(b)(8), 408(d)(3), or457(e)(16), an employer contribution to a simplified employee pension plan as described in Section 408(k), or arecharacterized contribution described in section 408A(d)(6), the Custodian will accept only cash contributionsup to $5,500 per year for tax years 2016 through 2017. For individuals who have reached the age of 50 before theclose of the tax year, the contribution limit is increased to $6,500 per year for tax years 2016 through 2017. Fortax years after 2017, the above limits will be increased to reflect a cost of living adjustment, if any.

ARTICLE II

The Depositor’s interest in the balance in the Custodial Account is nonforfeitable.

ARTICLE III

1. No part of the Custodial Account funds may be invested in life insurance contracts, nor may the assets of the Custodial Account be commingled with other property except in a common trust fund or common investmentfund [within the meaning of Section 408(a)(5)].

2. No part of the Custodial Account funds may be invested in collectibles [within the meaning of Section 408(m)] except as otherwise permitted by Section 408(m)(3), which provides an exception for certain gold, silver, andplatinum coins, coins issued under the laws of any state, and certain bullion.

ARTICLE IV

1 Notwithstanding any provision of this agreement to the contrary, the distribution of the Depositor’s interest in theCustodial Account shall be made in accordance with the following requirements and shall otherwise comply withSection 408(a)(6) and the regulations thereunder, the provisions of which are herein incorporated by reference.

2. The Depositor’s entire interest in the Custodial Account must be, or begin to be, distributed not later than theDepositor’s required beginning date, April 1 following the calendar year in which the Depositor reaches age 70 1⁄2.By that date, the Depositor may elect, in a manner acceptable to the Custodian, to have the balance in the Custodial Account distributed in:

(a) A single sum or

(b) Payments over a period not longer than the life of the Depositor or the joint lives of the Depositor and hisor her designated Beneficiary.

3. If the Depositor dies before his or her entire interest is distributed to him or her, the remaining interest willbe distributed as follows:

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(a) If the Depositor dies on or after the required beginning date and:

(i) the designated Beneficiary is the Depositor’s surviving spouse, the remaining interest will be distributedover the surviving spouse’s life expectancy as determined each year until such spouse’s death, or overthe period in paragraph (a)(iii) below if longer. Any interest remaining after the spouse’s death will bedistributed over such spouse’s remaining life expectancy as determined in the year of the spouse’sdeath and reduced by 1 for each subsequent year, or, if distributions are being made over the period inparagraph (a)(iii) below, over such period.

(ii) the designated Beneficiary is not the Depositor’s surviving spouse, the remaining interest will be distributed over the Beneficiary’s remaining life expectancy as determined in the year following thedeath of the Depositor and reduced by 1 for each subsequent year, or over the period in paragraph (a)(iii)below if longer.

(iii) there is no designated Beneficiary, the remaining interest will be distributed over the remaining life expectancy of the Depositor as determined in the year of the Depositor’s death and reduced by 1 foreach subsequent year.

(b) If the Depositor dies before the required beginning date, the remaining interest will be distributed in accordance with (i) below or, if elected or there is no designated Beneficiary, in accordance with (ii) below:

(i) The remaining interest will be distributed in accordance with paragraphs (a)(i) and (a)(ii) above (but notover the period in paragraph (a)(iii), even if longer), starting by the end of the calendar year followingthe year of the Depositor’s death. If, however, the designated Beneficiary is the Depositor’s survivingspouse, then this distribution is not required to begin before the end of the calendar year in which theDepositor would have reached age 70 1⁄2 But, in such case, if the Depositor’s surviving spouse dies before distributions are required to begin, then the remaining interest will be distributed in accordancewith (a)(ii) above (but not over the period in paragraph (a)(iii), even if longer), over such spouse’s designatedBeneficiary’s life expectancy, or in accordance with (ii) below if there is no such designated Beneficiary.

(ii) The remaining interest will be distributed by the end of the calendar year containing the fifth anniversaryof the Depositor’s death.

4. If the Depositor dies before his or her entire interest has been distributed and if the designated Beneficiary isnot the Depositor’s surviving spouse, no additional contributions may be accepted in the Account.

5. The minimum amount that must be distributed each year, beginning with the year containing the Depositor’srequired beginning date, is known as the “required minimum distribution” and is determined as follows:

(a) The required minimum distribution under paragraph 2(b) for any year, beginning with the year the Depositorreaches age 70 1⁄2, is the Depositor’s account value at the close of business on December 31 of the precedingyear divided by the distribution period in the uniform lifetime table in Regulations section 1.401(a)(9)-9.However, if the Depositor’s designated Beneficiary is his or her surviving spouse, the required minimum distribution for a year shall not be more than the Depositor’s account value at the close of business on December 31 of the preceding year divided by the number in the joint and last survivor table in Regulationssection 1.401(a)(9)-9. The required minimum distribution for a year under this paragraph (a) is determinedusing the Depositor’s (or, if applicable, the Depositor’s and spouse’s) attained age (or ages) in the year.

(b) The required minimum distribution under paragraphs 3(a) and 3(b)(i) for a year, beginning with the year following the year of the Depositor’s death (or the year the Depositor would have reached age 70 1⁄2, if applicable under paragraph 3(b)(i)) is the account value at the close of business on December 31 of thepreceding year divided by the life expectancy (in the single life table in Regulations section 1.401(a)(9)-9of the individual specified in such paragraphs 3(a) and 3(b)(i).

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(c) The required minimum distribution for the year the Depositor reached age 70 1⁄2 can be made as late as April1 of the following year. The required minimum distribution for any other year must be made by the end ofsuch year.

6. The owner of two or more traditional IRAs may satisfy the minimum distribution requirements described aboveby taking from one traditional IRA the amount required to satisfy the requirement for another in accordancewith the regulations under Section 408(a)(6).

ARTICLE V 1. The Depositor agrees to provide the Custodian with all information necessary to prepare any reports

requir ed by Section 408(i) and Regulations sections 1.408-5 and 1.408-6.

2. The Custodian agrees to submit to the Internal Revenue Service (the “IRS”) and Depositor the reports prescribedby the IRS.

ARTICLE VI Notwithstanding any other articles which may be added or incorporated, the provisions of Articles I through IIIand this sentence will be controlling. Any additional articles inconsistent with Section 408(a) and the related regulations will be invalid.

ARTICLE VII This Agreement will be amended as necessary to comply with the provisions of the Code and the related regulations.Other amendments may be made with the consent of the persons whose signatures appear on the Application.

ARTICLE VIII 1. Definitions a. “Account,” “Custodial Account” or “IRA” shall mean the Traditional Individual Retirement Custodial Account

established hereunder for the benefit of the Depositor and/or his or her Beneficiary or Beneficiaries.

b. “Account Application,” “Application” or “Adoption Agreement” shall mean the Application by which this Accountis established by the Agreement between the Depositor and the Custodian. The statements contained thereinshall be incorporated into this Agreement.

c. “Agreement” shall mean the SunAmerica Trust Company (STC) Traditional Individual Retirement CustodialAgreement and Disclosure Statement, including the information and provisions set forth in any Application thatgoes with this Agreement, as may be amended from time to time. This Agreement, including the Account Application and the Designation of Beneficiary filed with the Custodian, may be proved either by an original copyor a reproduced copy thereof, including, without limitation, a copy reproduced by photocopying, facsimile transmission, electronic imaging, or other means of electronic transmission.

d. “Beneficiary” shall mean the person, persons, entity or entities (i.e., a trust), designated from time to time bya Participant or Participant’s surviving spouse to receive benefits by reason of the death of the Participant orof such spouse, or the person or persons described in Article VIII, Section 5b, of the Plan who would otherwisebe entitled to receive such benefits.

e. “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time.

f. “Custodian” shall mean SunAmerica Trust Company.

g. “Depositor” shall mean Participant as defined herein below.

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h. “Participant” shall mean the Depositor and an individual who adopts the Plan and who makes contributionsor on whose behalf contributions are made to his or her Account pursuant to the Plan. If a Spousal Accountis established, “Participant” shall also mean the spouse on whose behalf such Account is established, wherethe context so requires, and the Beneficiary of a Participant or Beneficiary following the death of the Participant.

i. “Plan” shall mean the STC Traditional Individual Retirement Custodial Account Plan, as it may be amendedfrom time to time, in accordance with Articles VII and VIII of the Plan.

j. “Rollover Account” shall mean an Account established by a Participant in which amounts are deposited in accordance with Article VIII, Section 3c, of the Plan.

k. “Simplified Employee Pension Account” shall mean an Account established by a Participant whose employerhas adopted a simplified employee pension plan pursuant to Section 408(k) of the Code.

l. “Spousal Account” shall mean an Account established by a Participant on behalf of the Participant’s nonemployed spouse or by an eligible divorced or legally separated spouse.

m. “Sub-Custodian” shall mean SunAmerica Asset Management, LLC.

n. “AIG Funds” shall mean registered investment companies for which SunAmerica Asset Management, LLC or its successors or affiliates serve as investment advisor.

o. “SunAmerica Trust Company” shall mean AIG Federal Savings Bank doing business as SunAmerica Trust Company.

2. Notices and Change of Address a. Any required notice regarding this Account will be considered effective when mailed by the Custodian to the

last address of the intended recipient that is on the records of the Custodian. Any notice to be given to theCustodian will be effective when actually received by the Custodian. The last address of the Participant on therecords of the Custodian will be the address used for any tax withholding, disbursement and reporting required by taxing authorities. The Participant will notify the Custodian of any change of address.

b. Representations and Responsibilities. The Participant represents and warrants to the Custodian that any information the Participant has given or will give to the Custodian with respect to this Agreement is completeand accurate. Further, the Participant promises that any direction given by the Participant to the Custodian,or any action taken by the Participant will be proper under this Agreement. The Custodian will not be responsible for the Participant’s actions or failures to act. Likewise, the Participant shall not be responsiblefor the Custodian’s actions or failure to act; provided, however, that the Custodian’s duties and responsibilitiesunder this Agreement are limited to those specifically stated in the Agreement and no other or further dutiesor responsibilities shall be implied. The Participant does not intend to confer any fiduciary duties on the Custodian, and none shall be implied.

3. Contributions a. Maximum Age for Contributions. No contributions to an Account shall be made for the taxable year in which

the Participant attains age 70 1⁄2 or any later year.

b. Excess Contributions. The Depositor is responsible for the determination of any excess contributions and thetimely withdrawal thereof. If the IRS or the Depositor notifies the Custodian in writing that the contributionsto the Account have exceeded the contribution limitations described in Article I of the Plan, the Custodian shalldistribute from the Account to the Depositor the amount of such excess contribution and, as determined bythe Depositor, any income attributable thereto. The Depositor may revoke such notice in writing if the IRS hasnot notified the Custodian of its determination that the excess contribution was willfully made by the

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Depositor. The Custodian, at the request of the Depositor, may credit as a contribution for the current taxableyear, the amount shown in the notice of the Depositor revoking his or her prior notification.

c. Rollover Contributions.

1. If directed by the Depositor, the Custodian shall open and maintain a separate Account for each rollover contribution described in Section 402(c), 403(a)(4), 403(b)(8), 408(d)(3) or 457(e)(16) of the Code, or anyother applicable section of the Code.

2. Unless otherwise directed by the Participant, any rollover contribution made by a Participant may be com-bined with any other of the Participant’s Accounts and further contributions may be made to that Account.

d. Nonspouse Beneficiary Rollovers from Employer-sponsored Retirement Plans. If you are a nonspouse beneficiaryof a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirementplan, 401(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an in-herited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements,(i.e., you may not roll these assets to your own IRA.)

e. Regular IRA Contributions Deadlines. The last day to make annual IRA contributions for a particular tax yearis the deadline for filing the Participant’s federal income tax return not including extensions, or such later dateas may be determined by the Department of Treasury or the Internal Revenue Service for the taxable year forwhich the contribution relates. The Participant shall designate, in a form and manner acceptable to the Custo-dian, the taxable year for which such contribution is made. If the Participant does not designate a taxable year for any contribution, the Custodian will designate the contribution as being made for the year inwhich the contribution is deposited into the Account.

4. Investment of Contributions a. Direction by Participant. All investment instructions of the Participant shall be accepted by the Custodian in

accordance with its established customs and procedures. Each Participant shall direct the Custodian with respect to the investment of all contributions to his or her Account in shares of AIG Funds selected by the Participant at the price and in the manner in which such shares are then publicly offered by AIG Funds. All dividends and capital gains distributions received on shares of an AIG Mutual Fund shall be reinvested in sharesof such AIG Fund. All such shares shall be issued and accounted for as book entry shares, and no physical sharesor share certificates will be issued. In the absence of such directions, the Custodian shall have no investmentresponsibility except that the Custodian will deposit uninvested cash as provided in Article VIII, Section 4(e) of the Plan. The Participant understands that the income from, and gain or loss on, each investment the Participant selects for the Account will affect the value of the Account, and that the growth in value of an Account cannot be guaranteed or projected.

b. Direction by Beneficiary. In the event that the Participant dies before part or all of his or her interest in thisAccount is distributed to him or her, the remaining assets in the Account shall be invested as directed by theParticipant’s Beneficiary or Beneficiaries; provided, however, that (1) if the Beneficiary is a trust, such investmentdirections shall be given by the trustee of such trust, and (2) if the Beneficiary is the Participant’sestate, such investment directions shall be given by the personal representative of such estate. In such event,the Beneficiary or Beneficiaries shall be treated as the Participant for all purposes as though he or she werethe signatory to the Agreement.

c. No duty to review. The Custodian shall not be under any duty to review or question any direction of the Participantwith respect to investments in shares of AIG Funds or to make suggestions to the Participant with respect to investments. The Custodian will not be liable for any loss that may result by reason of investments made by it in accordance with the directions of the Participant.

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d. Delegation of Investment Responsibility. Regardless of any other provision of this Agreement to the contrary,the Participant may also appoint an investment advisor or other person to act as the Participant’s representativewith authority to direct the Custodian with respect to the investment of assets in the Custodial Account. Theappointment, however, will be effective only if (1) the Custodian has received an executed copy of an agreementbetween the Participant and the representative in a form and manner acceptable to the Custodian which specifiesthe authority of the representative to act on behalf of the Participant, and (2) the Custodian does not object to acting on the direction of that person, which objection the Custodian may assert for any reason atany time. If the Participant appoints a representative, as provided for above, references to the Participant inthe “Investment of Contributions” section of this Agreement and in the “Powers, Duties and Obligations of theCustodian” section of this Agreement (insofar as pertinent to securities with respect to which the representativehas investment authority) are also to that representative. However, all references in this Agreement to the individual whose Custodial Account is involved and to the making of contributions and the receipt of distributionsare only to the Participant. The Participant may revoke the authority of any representative at any time by notifying the Custodian in a form and manner acceptable to the Custodian and the Custodian shall not be liable in any way for the transactions initiated prior to its receipt of such notice.

e. Uninvested Cash. If the Participant fails to direct the Custodian as to the investment of any cash in theParticipant’s Account, the cash not otherwise invested will be deposited by the Custodian into the AIG Government Money Market Fund, Class A.

5. Withdrawals The Depositor may withdraw all or part of his or her Custodial Account balance at any time. All requests for withdrawalshall be in a form and manner provided by or acceptable to the Custodian. Any withdrawals shall be subject to allapplicable tax and other laws and regulations including possible early withdrawal penalties and withholding requirements. If payment is made outside of the United States, special federal income tax withholding rules mayapply. Distributions under the IRA may be made in a single sum, periodic payment, or a combination of both.

a. Required Distributions. Beginning in 2003, the Custodian shall, if requested by the Participant, be responsiblefor computing the required minimum distribution amount in accordance with Article IV of the Plan, and for notifying the Participant accordingly. The Participant shall be responsible for causing the required minimum distribution amount to be withdrawn from his or her Account each year. Notwithstanding anything in Article IVto the contrary, the Custodian shall not, without the consent of the Participant, distribute the value of the IRAwhere the Participant fails to choose any method of distribution by April 1st of the year following the year theParticipant reaches age 70 1⁄2.

b. Beneficiaries. Following the death of the Participant, the balance of the Participant’s Custodial Account shallbe distributed to the Participant’s designated Beneficiary or Beneficiaries, if any, in accordance with the provisions of Article IV of the Plan and in accordance with the Custodian’s administrative or operational requirements and regular business practices. A Participant may designate a Beneficiary or Beneficiaries of theCustodial Account at any time, and any such designation may be changed or revoked at any time, by writtendesignation executed by the Participant in a form and manner prescribed by or acceptable to, and filed with,the Custodian. Such designation, change or revocation shall be effective only upon receipt by the Custodianand only if such receipt shall be during the Participant’s lifetime. The latest such designation, change or revocation shall control. If there is no Beneficiary designation on file with the Custodian, or if the designatedBeneficiary has not survived the Participant, the Custodian shall distribute the Custodial Account to the survivors of the Participant in the following order of preference:

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(i) the Participant’s surviving spouse, if any,

(ii) the Participant’s children, if any, in equal shares per stirpes, and

(iii) the Participant’s estate.

If the Participant designates more than one primary or contingent Beneficiary but does not specify the percentages to which such Beneficiary or Beneficiaries is entitled, payment will be made to the surviving Beneficiary or Beneficiaries in equal shares. Unless otherwise designated by the Participant in a form and manner acceptable to the Custodian, if a primary or contingent Beneficiary designated by the Participant predeceases the Participant, the Account will be divided equally among the surviving Beneficiary or Beneficiaries. Unless otherwise designated by the Participant in a form and manner acceptable to the Custodian, if there is no primary Beneficiary or Beneficiaries living at the time of the Participant’s death, payment of the Participant’s Account upon his or her death will be made to the surviving contingent Beneficiary or Beneficiaries designated by the Participant. Unless otherwise specified in the Participant’s designation of beneficiary form, if a Beneficiary does not predecease the Participant but dies before receiving his or her entire interest in the Custodial Account, his or her remaining interest in the Custodial Account shall be paid to the Beneficiary or Beneficiaries designated by the deceased Beneficiary. If there isno Beneficiary designation of the deceased Beneficiary on file with the Custodian, the Custodian shall distribute the Custodial Account to the survivors of the deceased Beneficiary in the following order of preference:

(i) the deceased Beneficiary’s surviving spouse, if any,

(ii) the deceased Beneficiary’s children, if any, in equal shares per stirpes, and

(iii) the deceased Beneficiary’s estate.

If the Custodian is unable to make a distribution to a Participant, a Beneficiary, or other distributee becausethe Custodian cannot ascertain such distributee’s whereabouts by writing to the last known mailing addressshown on the Custodian’s records, if any, the Custodian may hold the proceeds in a non-interest-bearing account until such funds escheat by operation of law. The Beneficiary or Beneficiaries are responsible to ensure that distributions are made in accordance with the provisions of Article IV of the Plan.

c. Account Only Source of Benefits. The only source of benefit for the Participant, Spouse, or Beneficiary of theAccount under this Plan shall be the Custodial Account.

d. Qualifying Terminable Interest Property (QTIP) and Qualified Domestic Trust (QDOT). The provisions of this Section 5(d) of Article VIII of the Plan shall apply if the Participant has designated a Qualifying Terminable Interest Property Trust or a Qualified Domestic Trust for the benefit of his or her spouse [which trust is intendedto satisfy the conditions of Section 2056(b)(7) or 2056A of the Code] as Beneficiary of this IRA (hereafter referred to as the “Spousal Trust”), but only if the Participant, the trustee of the Spousal Trust or the executorof the estate of the deceased Participant notifies the Custodian in a written document acceptable to theCustodian of such individual’s intention to have this Section apply. After the death of the Participant, andupon written direction of the trustee of the Spousal Trust, the Custodian shall distribute to the trustee of theSpousal Trust an amount equal to the greater of (i) all of the income of the Account for the year or (ii) theamount required to be distributed under Section 401(a)(9) of the Code and the regulations thereunder annually or at more frequent intervals. No person shall have the power to appoint any part of the Account toany person other than the Spousal Trust. If the Participant dies on or after his or her required beginning date,the Section 401(a)(9) amount shall be the amount required to be distributed under the distribution method thatapplied to the Participant at his or her death. If the Participant dies before the required beginning date, theSection 401(a)(9) amount shall be the amount required under the payment method described in Article IV,Section 3(a)(i), (that is, the life expectancy of the spouse option), with payments commencing no later than

23

the end of the year following the year of the Participant’s death. If requested by the trustee of the SpousalTrust, the Custodian shall pay additional amounts from the Account’s principal to the Spousal Trust. The trusteeof the Spousal Trust or the Participant’s surviving spouse has the right to direct the Custodian to convert non-productive property into productive property. After the death of the Participant’s surviving spouse, the Custo-dian shall pay any amounts remaining in the Account in accordance with written instructions given to it by thetrustee of the Spousal Trust. To the extent permitted by Section 401(a)(9) of the Code, as determined by thetrustee of the Spousal Trust, the surviving spouse of the Participant who has designated a Spousal Trust ashis or her Beneficiary may be treated as the Participant’s Beneficiary for purposes of the distribution re-quirement of Section 401(a)(9) of the Code. The Custodian shall have no responsibility to determine whethersuch treatment is appropriate.

e. The Custodian shall not be responsible for the purpose, sufficiency or propriety of any distribution. The Custodian is only authorized to make distributions in accordance with instructions of the Participant, or afterthe Participant’s death, his or her Beneficiary, or as otherwise provided for in this Agreement. Such instructions must be given in a form and manner acceptable to the Custodian.

6. Transfer a. Transfer. In the event that the Participant terminates his or her Custodial Account, the Custodian shall distribute

or transfer the Account balance in accordance with the Participant’s written instructions and in accordancewith this Agreement. The Participant authorizes the Custodian to retain such sums as the Custodian may deem necessary for payment of all its fees, compensation, costs and any expenses, including but not limited to annual maintenance fees and Account termination fees, or for payment of any other liabilities, which mightconstitute a charge to either the Account or the Custodian. The balance of any such reserve remaining afterthe payment of the above items shall be paid, distributed or transferred upon satisfaction of any such charge.The Custodian shall have no duty to ascertain whether any payment, distribution or transfer as directed bythe Participant is proper under the provisions of the Code, this Agreement or otherwise.

b. Transfer on Divorce. A Participant may transfer any portion or all of his or her interest in an Account to a former spouse under a written instrument incident to divorce or under a divorce decree containing transferinstructions acceptable to the Custodian and compliant with the Custodian’s administrative or operational requirements and regular business practices, whereupon such Account, or the transferred portion of such Account, shall be held for the benefit of such former spouse subject to the terms and conditions of the Plan.


and is merely authorized to acquire and hold the particular investments specified by the Participant. The Custodian will not act as investment advisor or counselor to a Participant and will not advise a Participant oroffer any opinion or judgment on any matter pertaining to the nature, value, potential value or suitability ofany investment or potential investment by a Participant, except that the Custodian will deposit uninvested cashas provided in Article VIII, Section 4(e) of the Plan.

b. Proxies. The Custodian shall deliver to the Participant (or, following the death of the Participant, the Beneficiary)all prospectuses and proxies that may come into the Custodian’s possession by reason of its holding of sharesof AIG Funds in the Account. The Participant (or, following the death of the Participant, the Beneficiary) maydirect the Custodian as to the manner in which any shares of AIG Funds held in the Account shall be voted. Allsuch directions shall be in a form and manner acceptable to the Custodian and delivered to the Custodian orits designee within the time prescribed by it. The Custodian shall vote only those shares of AIG Funds with respect to which it has received timely directions from the Participant (or, following the death of the Participant,the Beneficiary).

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c. Records and Reports. The Custodian shall keep accurate records of all contributions, receipts, investments, distributions, disbursements, and all other transactions of the Account. Within 120 days (or such other dead-line imposed by applicable law) after the close of each calendar year (or after a distribution or transfer of aParticipant’s Account or upon the Custodian’s resignation or removal), the Custodian shall file with the Participant a written report (which may consist of copies of the Custodian’s regularly issued Account statements)reflecting all transactions affecting the Account for the period in question and including a statement of the assets in the Account and their fair market values. Unless the Participant files a written statement of exceptionsor objections to the report with the Custodian within 60 days after mailing of the report, the Participant shall bedeemed to have approved such report and the Custodian shall be released from all liability to anyone (including any Participant’s spouse or Beneficiary) with respect to all matters set forth in the report as thoughthe report had been settled by judgment or decree of a court of competent jurisdiction. No person other thana Participant, the spouse of a Participant or Beneficiary may require an accounting.

d. Right to Request Judicial Assistance. The Custodian shall have the right at any time to apply to a court of competent jurisdiction for judicial settlement of its accounts or for determination of any questions of construction,which may arise, or for instructions. The only necessary party defendant to any such action shall be the Participant, but the Custodian may join any other person or persons as a party defendant. The cost, includingattorney’s fees, of any such proceeding shall be charged as an administrative expense under Article VIII, Section 10, of this Agreement.

e. Scope of Custodian’s Duties. The Custodian shall only have the duties, which are specifically set forth in thisPlan. The Custodian shall have no duty to ascertain whether contributions or distributions comply with the Planor the Code. The Custodian shall not make any investments or dispose of any investments held in an Account,except upon the direction of the Participant or in accordance with Article VIII, Section 4(e) or Section 11(d), ofthe Plan. The Custodian shall not question any such directions of the Participant, review any securities orother property held in an Account, or make suggestions to the Participants with respect to the investment, retention or disposition of any assets held in an Account. To the maximum extent permitted by law, the Custodian has delegated its duties and responsibilities to SunAmerica Asset Management, LLC and has appointed SunAmerica Asset Management, LLC as Sub-Custodian. All references to the term “Custodian” inthis Plan shall be read to refer to the Sub-Custodian to the extent the Custodian has delegated its duties tothe Sub-Custodian.

f. Scope of Custodian’s Liability. The Custodian shall not be liable for any loss of any kind which may result fromany action taken by it in accordance with the directions of the Participant or his or her designated agent orattorney in fact or from any failure to act because of the absence of any such directions. The Custodian shallnot be responsible for determining whether any contribution or rollover contribution satisfies the requirementsof the Code. The Custodian shall not be liable for any taxes (or interest thereon) or penalties incurred by theParticipant in connection with any Account or in connection with any contribution to or distribution from theAccount. The Custodian is entitled to act upon any instrument, certificate, or form it believes is genuine andbelieves is executed or presented by the proper person or persons, and the Custodian need not investigate orinquire as to any statement contained in such document but may accept it as true and accurate. The Custodian is not liable for any losses directly or indirectly caused by acts of war, acts of terrorism, labor disputes, exchange or market decisions including the suspension of trading, market volatility, trade volume,or by government restriction. The Participant shall duly indemnify and hold harmless the Custodian from anyliability, which may arise hereunder except liability arising from the gross negligence or willful misconduct ofthe Custodian.

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delivering notice to the Participant 30 days prior to the resignation. Upon its resignation the Custodian may,but shall not be required to, appoint a corporation or other institution as the successor custodian under thisAgreement. Each Participant, after the receipt of the resignation, shall have 30 days to appoint an alternativesuccessor custodian. If no alternate is chosen, the Participant will be deemed to have accepted the Custodian’sappointed successor custodian. Upon acceptance of appointment by the successor, the Custodian shall assign,transfer and deliver to the successor all assets held in the Account to which such resignation or removal relates. The Custodian is authorized, however, to reserve such amounts as it deems advisable to provide forthe payment of expenses and fees then due or to be incurred in connection with the settlement of its ac-count, and any balance remaining after the settlement of its account shall be paid to the successor custodianor trustee. At the sole discretion of the Custodian, any successor custodian appointed by the Custodian may,with the approval of the Custodian, amend the Agreement by giving notice to the Participant. If the Custodiandoes not choose to appoint a successor, the Participant has 30 days after receiving notification of the Custodian’sresignation to appoint a qualifying successor custodian. If the Participant does not appoint a successor custodianwithin this time period, the Custodian shall have the right to terminate the Custodial Account and distribute theassets directly to the Participant.

b. Removal. The Participant shall substitute another custodian in place of the Custodian upon notification bythe Internal Revenue Service that such substitution is required because the Custodian has failed to complywith the requirement of Treasury Regulation Section 1.408-2(e), or is not keeping such records, or making such returns, or rendering such statements as are required by that regulation.



consistent with the provisions of applicable law without obtaining the consent of the Participant, the spouseof the Participant or Beneficiary. No amendment of the Plan, however, shall deprive any Participant, spouse ofa Participant or Beneficiary of any benefit to which he or she was entitled under the Plan from contributionsmade prior to the amendment unless the amendment is necessary to conform the Plan to the current or futurerequirements of Section 408 of the Code, or other applicable law, regulation or ruling, in which case the Custodian is expressly authorized to make amendments that are necessary for such purposes retroactivelyto the later of the effective date of the Plan or the effective date of any future legal requirements. A Participantmay change an election or designation made with respect to the Adoption Agreement, provided such changeis made in a form and manner prescribed by and acceptable to the Custodian. A Participant may terminate thisAccount at any time by delivering to the Custodian a signed written copy of such termination in a form acceptable to the Custodian.

b. Distribution on Termination. If the Account is terminated for any reason by the Custodian, the balance held ineach Account for the benefit of a Participant, spouse of a Participant or Beneficiary shall be distributed by theCustodian to a successor custodian or trustee, in accordance with Article VIII, Section 8, of the Plan. If the Account is terminated for any reason by the Participant, the Custodian shall distribute or transfer the Accountbalance in accordance with the Participant’s written instructions and in accordance with Article VIII, Section6(a) of the Plan.

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10. Fees and Expenses a. Payment of Fees and Expenses. The Custodian’s annual maintenance, termination, and other administration

fees shall be charged by the Custodian for its services hereunder in accordance with the current fee schedule ofthe Custodian that is in effect from time to time as it may be amended by the Custodian. Any administrative expenses, including fees for legal and/or accounting services incurred by the Custodian at the request of ornecessitated by the actions of the Participant or designated Beneficiary that are over and above the servicesset forth in the Custodian’s fee schedule, shall be paid by the Participant and the Participant hereby covenantsand agrees to pay the same. The Custodian’s fees and expenses shall be automatically charged to the CustodialAccount unless the Participant chooses to pay the fee directly to the Custodian in a timely manner before the Custodial Account has been so charged and fees or other administrative expenses that are not paid by the Participant directly to the Custodian when due may be charged to the Custodial Account. The Custodian reservesthe right to liquidate any assets of the Custodial Account to collect any charge for which payment may at anytime be past due. In the event of Account termination by the Participant or the Custodian for any reason, theCustodian shall be entitled to receive the full termination fee, along with the full, non-prorated current yearmaintenance fees, regardless of the date during the year that the Account is terminated. Such amounts willbe automatically charged against the IRA at the time the Participant terminates the IRA. Any reimbursementof fees charged against an Account will be recorded as a contribution to the Account and reported to taxingauthorities accordingly. Specific fee details are provided in the current fee schedule available from the Custodian or from the financial institution that has introduced the Account to the Custodian.

b. Taxes. Any taxes of any kind whatsoever that may be levied or assessed upon any Custodial Account or thatthe Custodian may otherwise be charged with the responsibility of collecting shall be paid from the assets ofthe Custodial Account involved.

11. Miscellaneous a. Prohibited Transactions. No Participant, spouse of a Participant or Beneficiary shall be entitled to use a

Participant’s Account, or any portion thereof, as security for a loan or borrow from the Account. Neither theCustodian, the Participant, nor any other person or institution shall engage in any prohibited transaction,within the meaning of Section 4975 of the Code, with respect to any Participant’s Account.

b. Prohibition Against Assignment of Benefits. Except to the extent otherwise required by law, none of the benefits,payments or proceeds held in an Account on behalf of any Participant, spouse of a Participant or Beneficiary shallbe subject to the claims of any creditor of such Participant, spouse or Beneficiary, nor shall any Participant,spouse or Beneficiary have any right to anticipate, sell, pledge, option, encumber or assign any of the benefits,payments or proceeds to which he or she is or may be entitled under the Plan.

c. Applicable Law. The Plan shall be construed, administered and enforced according to the laws of the State ofDelaware, except to the extent preempted by federal law. All contributions to the Custodial Account shall bedeemed to take place in the State of Delaware. The terms and conditions of the Plan shall be applicable without regard to the community property laws of any state.

d. Liquidation of Assets. If the Custodian must liquidate assets in order to make distributions, transfer assets, orpay fees, expenses, or taxes assessed against a Participant’s Account, and the Participant fails to instruct theCustodian as to the liquidation of such assets, assets will be liquidated in the following order to the extent heldin the Account: (1) any shares of a money market fund or money market-type fund, (2) any shares of other AIG Funds. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated inaccordance with the provisions of this Agreement.

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e. Delegation of Duties. To the maximum extent allowable by law, the Custodian is authorized to delegate any ofits duties hereunder.

f. Purpose of Form. Form 5305-A is a model Custodial Account agreement that meets the requirements of Section 408(a) of the Code and has been automatically approved by the IRS. An Individual Retirement Account is established after the Adoption Agreement is fully executed by the Participant and entered in therecords of the Custodian and must be completed no later than the due date of the individual’s income tax return for the tax year (without regard to extensions). This Account must be created in the United States forthe exclusive benefit of the Participant or his or her Beneficiary or Beneficiaries.

f. Identifying Number. The Participant’s social security number will serve as the identification number of his orher Custodial Account. An employer identification number is required only for a Custodial Account for whicha return is filed to report unrelated business taxable income. An employer identification number is requiredfor a common fund created for Individual Retirement Accounts.

g. Contributions to a Custodial Account for a non-working spouse must be made to a separate Custodial Accountestablished by the non-working spouse.

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SUNAMERICA TRUST COMPANY TRADITIONAL/ROTHIRA DISCLOSURE STATEMENTWhat you should know... This Disclosure Statement, and the Custodial Agreement, explain what you should know about your Traditionaland/or Roth Individual Retirement Account and is a general review of the federal income tax law applicable to it.These IRAs are intended to help individuals prepare for retirement. Therefore, they may not be used as ordinarysavings accounts and are subject to restrictions imposed by the Internal Revenue Code. Consequently, you shouldread the following information carefully.

AIG Federal Savings Bank dba SunAmerica Trust Company will act as the custodian of the account. To the maximumextent allowable by law, AIG Federal Savings Bank dba SunAmerica Trust Company has appointed SunAmerica Asset Management, LLC (“SAAMCo”) as sub-custodian and has delegated its custodial duties to SAAMCo.

You may revoke your Traditional or Roth IRA by an oral notice of revocation within seven days after the establishmentof your account. Your IRA is established on the date the IRA Application is received and dated by the Custodian orits agent. The oral notice of revocation must be made by contacting AIG Funds at 800-858-8850, extension 6010.If you revoke your account within the specified period, the amount you contributed will be returned without anyfee deductions or adjustments in market valuation.

As activity occurs in your account, the mutual fund transfer agent will send you a statement reflecting thosetransactions.

The following is a brief summary of some of the financial and tax consequences of establishing a Traditionaland/or Roth IRA. The enclosed information is not tax or legal advice but is intended to advise you of the Custodian’scurrent understanding, at the time this Disclosure Statement was prepared, of the federal income tax factorswhich impact Traditional and Roth IRAs. Please contact your tax adviser for advice regarding your particular situation, current federal income tax rules applicable to IRAs, and state income tax rules.

Be sure to retain this Disclosure Statement and Custodial Agreement with your other Roth and/or Traditional IRA records.

I. CONTRIBUTIONS TO THE CUSTODIAL ACCOUNT

A. Limitations on Amount of Traditional IRA Contributions Contributions to the Custodial Account may be either “rollover” contributions, personal contributions, or contributionsmade to your account by your employer under a Simplified Employee Pension (SEP) plan. Personal and SEP contributions must be made by check.

Rollover contributions (may be of any amount) are eligible distributions received by you from certain types of employer retirement plans or another IRA. These employer retirement plans include plans qualified under InternalRevenue Code Section 401(a); tax-deferred annuities under Internal Revenue Code Section 403(b), and governmentalplans under Internal Revenue Code Section 457(b). An individual may contribute all or any portion of an eligible distribution from an employer retirement plan or another IRA. Rollover contributions must be made within 60 daysof receipt of the distribution.

Contributions which are not rollovers cannot exceed the maximum amount allowed under the Internal RevenueCode. This amount varies depending on whether the contribution is to your Traditional IRA under a SEP plan or apersonal Traditional IRA contribution. The maximum that can be contributed to a Traditional IRA each year is

29

100% of your compensation or the maximum annual dollar amount, whichever is less. In general, the maximumannual dollar amount is as follows:

Maximum Taxable Year Annual Dollar Amount

2016 $5,500 2017 and later* $5,500

*For taxable years after 2017, the above maximum annual dollar amount will be increased periodically by $500increments to reflect cost of living increases.

However, if you will attain at least age 50 by the end of a taxable year for which a contribution is made, your maximum annual dollar amount will be equal to the amount shown in the above table, increased by the amountshown in the following table:

Extra Annual Taxable Year Contribution Permitted

2016 $1,000 2017 and later $1,000

Contributions may also be made to a Traditional IRA established for the benefit of an unemployed spouse if youand your spouse file a joint federal income tax return. If your unemployed spouse is included, two separate accounts must be established, but the contributions need not be divided equally. Neither account may receive morethan the maximum annual dollar amount which is applicable to the person for whom the account was created.

For purposes of determining the amount you may contribute, compensation is defined as wages, salaries, professional fees, other amounts received for personal services actually rendered (including commissions, tipsand bonuses), earned income from self-employment, alimony and separate maintenance payments. It does notinclude unemployment compensation, earnings from property such as interest, rents, and dividends, or pensionpayments or other forms of deferred compensation.

Such contributions to a personal Traditional IRA, or to a Traditional IRA for an unemployed spouse, can be madeeven if you are an active participant in a qualified plan or a SEP plan, although participation in such a plan maylimit the deductibility of personal Traditional IRA contributions. If employer contributions are being made to yourTraditional IRA account under your employer’s SEP plan, the maximum contribution limit is increased to the lesserof $54,000 (as indexed for cost of living increases) or 25% of your compensation in addition to personal TraditionalIRA contributions.

Because the IRS does not allow any personal contributions for the taxable year in which you reach age 70 1⁄2, theTraditional IRA Custodial Agreement provides that no cash contributions may be made to your Traditional IRA forthat or any following taxable year. Rollover contributions, however, can be made at any time. Also, contributionscan be made on behalf of the nonworking spouse (if under age 70 1⁄2 ) even if the working spouse is 70 1⁄2 or older.

B. Limitations on Amount of Roth IRA ContributionsThe maximum amount which may be contributed to a Roth IRA each year is the same as the maximum amountwhich may be contributed to a Traditional IRA for the year. This annual maximum amount is reduced, dollar fordollar, by any personal contributions you make that year to a Traditional IRA. In addition, the maximum is reduced for single taxpayers with adjusted gross income between $118,000* and $133,000*, married individuals filing jointly with adjusted gross income between $186,000* and $196,000*, and married individuals filing separatelywith adjusted gross income of less than $10,000. Single individuals with adjusted gross income of $133,000* or

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more, married individuals filing jointly with adjusted gross income of $196,000* or more, and married individuals filing separately with adjusted gross income of $10,000 or more cannot make personal contributionsto a Roth IRA.

There is no age limit for contributions to your Roth IRA. You may make contributions to your Roth IRA after age 70 1⁄2.

*For years after 2017, the above income restrictions may be increased periodically to reflect cost-of-living increases.

C. Limitations on Amount of Conversion Contributions from Traditional IRAs to RothIRAs; Rollover Contributions

Conversion contributions are amounts received from Traditional IRAs (non-Roth IRAs such as Traditional IRAs, SEPIRAs, SARSEP IRAs, and SIMPLE IRAs beginning two years after participation commences) which are rolled over,transferred or considered transferred from a non-Roth IRA to a Roth IRA. Prior to 2010, conversion contributionswill not be allowed for married taxpayers filing a separate income tax return or for taxpayers with adjusted grossincome (“AGI”) in excess of $100,000. AGI is defined in Internal Revenue Code Section 408A (c)(3) and does not include Non-Roth IRA conversion contributions. Beginning in 2005, AGI does not include required minimum distributions you receive from your employer’s retirement plan or your IRAs. Beginning in 2010, the $100,000 limitation and the married-filing-separate restriction have been eliminated for conversion eligibility.

Rollover contributions (may be of any amount) are eligible distributions received by you from another Roth IRA.An individual may contribute all or any portion of an eligible distribution from a Roth IRA. Rollover contributionsmust be made either directly or within 60 days of receipt of the distribution.

D. Deductibility of Contributions Traditional IRA: Generally contributions to a Traditional IRA are deductible if you (and your spouse) are not an active participantin an employer-sponsored retirement plan. If you are not an active participant in an employer-sponsored retirementplan, but your spouse is an active participant, you can make fully deductible contributions to your Traditional IRAif you file a joint federal income tax return and your combined modified adjusted gross income is $186,000* or less.

If you (or your spouse, if you file a joint tax return or you file separate returns and lived together at any time during the tax year) are an active participant in an employer-sponsored retirement plan, deductions for yourTraditional IRA contribution may be limited, as set forth in the above table.

*MAGI limits are subject to cost-of-living increases for tax years beginning after 2017.

If your adjusted gross income exceeds the threshold levels set forth in the above table, no deduction is allowed.

Personal contributions may be deductible from gross income on your federal tax return and the deduction maybe taken whether or not you itemize your deductions. You should consult your tax adviser regarding the deductibility of personal contributions to your Traditional IRA and the advisability of making nondeductible contributions. If you make nondeductible contributions, you will need to maintain records of your nondeductiblecontributions for as long as you maintain your account.

SINGLE TAXPAYER* MARRIED FILING JOINTLY*

Tax Year Fully Deductible if Modified AdjustedGross Income

(“MAGI”) at or below

Partially Deductible -Deductible if MAGI

between

Fully Deductible if MAGI at or below

Partially Deductible -Deductible if MAGI

between

2016

2017 and later

$61,000

$62,000

$61,000 - $71,000

$62,000 - $72,000

$98,000

$99,000

$98,000 - $118,000

$99,000 - $119,000

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Rollover contributions and contributions made to your account by your employer under the terms of a SEP plan,if properly made, are not included in your gross income and, therefore, are not deductible from it.

Roth IRA: Contributions to a Roth IRA are non-deductible. Earnings on contributions accumulate tax-deferred and may bewithdrawn tax-free if the withdrawal meets the requirements under Section II titled “Distributions from the Custodial Account”.

E. Deadlines for Establishment and Contributions Traditional IRA: Except for SEP and rollover contributions, establishment of and personal contributions to your Traditional IRA fora taxable year may be made up through the due date (excluding extensions) for that year’s federal income taxreturn. You may claim the deduction and file your income tax return before you actually make the contribution,but the contribution must be made by the original due date of your federal income tax return. Because of thistime flexibility, you must advise us of the taxable year to which each of your personal contributions applies. If noindication is made with respect to the tax year to which the contribution is to apply, we will assume it to be madefor the year in which it is actually received. SEP contributions will generally be made to your SEP IRA by your employer’s tax filing deadline (including extensions). Rollover contributions must be made within 60 days of receipt of the eligible distribution. You do not need to designate a taxable year for SEP or rollover contributions.

Roth IRA: Establishment of and personal contributions to your Roth IRA for a taxable year may be made up through the duedate (excluding extensions) for that year’s federal income tax return. Because of this time flexibility, you must advise us of the taxable year to which each of your personal contributions applies. If no indication is made withrespect to the tax year to which the contribution is to apply, we will assume it to be made for the year in whichit is actually received. Conversion and rollover contributions must be made within 60 days of receipt of the eligible distribution. You do not need to designate a taxable year for conversion or rollover contributions.

F. Excess Contributions If your contributions for any taxable year are greater than the maximum allowable amount, the amount of theexcess will be subject to an annual 6% excise tax. This excise tax is not deductible. However, this tax can beavoided if you withdraw your excess contribution plus any earnings on the excess on or before the due date (including extensions) of your federal tax return for the year in which the excess contribution is made. The withdrawnearnings, if any, must be included in income for the tax year in which your excess contribution is made, and maybe subject to the 10% tax on premature distributions depending on your age. Your signature as the client (and asignature guarantee) is required in certain cases before SunAmerica Trust Company or its agent can release anymoney from your account.

G. Recharacterizations Individuals who erroneously converted a Non-Roth IRA into a Roth IRA, or who otherwise wish to change the nature of a personal IRA contribution, may transfer amounts and earnings from the IRA to another IRA, generally priorto the due date of the taxpayer’s return, including extensions. This transfer must be via a trustee-to-trustee transfer.

An IRA owner who converts an amount from a Non-Roth IRA to a Roth IRA during any taxable year and then transfersthat amount back to a Non-Roth IRA by means of a recharacterization may not reconvert that amount from the Non-Roth IRA to a Roth IRA before the beginning of the taxable year following the taxable year in which the amountwas converted to a Roth IRA, or if later, the end of the 30-day period beginning on the day on which the IRA ownertransfers the amount from the Roth IRA back to the Non-Roth IRA by means of a recharacterization.

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H. Investment of Contributions Under the terms of the Custodial Agreement, your contributions will be invested in mutual funds sponsored by SunAmerica Asset Management, LLC. The Custodian will be SunAmerica Trust Company. You or your designated representative will choose which AIG Funds to invest in and appropriate dollar allocations in the casewhere more than one fund is used. At any time you may reallocate your IRA assets between funds by submittingexchange instructions to the funds’ transfer agent. This exchange privilege may be revised or terminated in thefuture. SunAmerica Trust Company reserves the right to review all assets and to prohibit any assets not meeting the qualifications of this type of IRA. No part of your account will be invested in life insurance contractsor collectibles.

The Custodial Agreement provides that your entire interest in your IRA account balance is nonforfeitable at all times.

II. DISTRIBUTIONS FROM THE CUSTODIAL ACCOUNT Traditional IRA: a. Distributions Taxed as Ordinary Income

Distributions from your Traditional IRA are taxed as ordinary income in the taxable year in which they are received (except distributions of your nondeductible contributions or distributions you roll over to another IRAor retirement plan within 60 days).

Unlike an ordinary savings account, the earnings on the mutual funds within your Traditional IRA are not taxable in the year they are earned. Your contributions and the earnings on them will be taxed only in the taxable year you withdraw them. If you withdraw only a part of your contributions and earnings in a taxableyear, only the part withdrawn will be taxable for that year. Withdrawals from your Traditional IRA will be taxedat ordinary income tax rates. If you have made deductible and nondeductible contributions to your TraditionalIRA, any distribution from your account will consist partially of taxable funds and partially of a nontaxable return of your nondeductible contributions on a pro-rata basis. The favorable income tax treatment for certain lump-sum distributions which is granted by Section 402(e) of the Internal Revenue Code does notapply to distributions from your Traditional IRA. This is true regardless of the type of distribution you receivefrom your IRA and regardless of the source of your contribution to the Traditional IRA.

b. Required DistributionsYou must begin to receive distributions from your Traditional IRA no later than April 1st following the end ofthe taxable year in which you reach age 70 1⁄2. The distribution may be in a lump-sum, monthly, quarterly orannual payments over a period of years. After age 70 1⁄2, your required minimum distribution amount is determined using the uniform life expectancy tables. If your beneficiary is your spouse who is 10 or moreyears younger, the joint life expectancy table may be used as an alternative. The minimum yearly distributionis equal to the entire amount of your prior year’s account balance, divided by your uniform life expectancy,or the joint life expectancy of you and your spousal beneficiary (if applicable). The minimum distribution willbe recalculated once each year. If for any reason you do not withdraw the amount required by law, you mustpay a nondeductible federal penalty tax of 50% of the difference between the required minimum distributionand the amount actually distributed. This tax applies each year until the required amount is distributed. Youare required to direct the Custodian or its agent to distribute your required minimum distributions. Neither theCustodian, nor its agent, shall be liable for failure to direct distribution of the required minimum distributions inthe absence of your authorization. Beginning in 2003, if you are required to receive a minimum distribution, youwill be notified by the Custodian in accordance with IRS rules.

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c. Penalty Tax on Premature Distributions Because Traditional IRAs are intended to be used for income during retirement years, early withdrawals fromyour Traditional IRA is subject to a federal penalty tax. The tax is 10% of the taxable amount withdrawn.Generally, the amount withdrawn also will be included in your taxable income for the tax year in which it iswithdrawn.

There is no penalty tax if a withdrawal is made:

1. After reaching age 591⁄2

2. Because of death or disability, at any age

3. Rollover within 60 days to another Traditional IRA

4. In substantially equal payments (at least annually) over your life expectancy or the joint life expectancyof you and your beneficiary for at least five years or until age 591⁄2 , whichever is greater

5. Of principal contributions to your account or an excess contribution returned before your tax filing deadline(although income thereon which is distributed may be subject to the penalty)

6. On distributions for medical expenses that exceed 7.5% of adjusted gross income

7. On distributions for unemployed individuals for health insurance premiums if:

a) The distribution is made after separation from employment and before you have been re-employed forat least 60 days

b) You have received unemployment compensation for a period of 12 consecutive weeks due to separationfrom employment

c) The distributions do not exceed the amount paid during the taxable year for health insurance

d) Distributions commence during the taxable year or the succeeding taxable year in which unemploymentcompensation is received or the succeeding taxable year

8. Withdrawals for certain post-secondary educational expenses for you, your spouse, child or grandchild

9. Withdrawals for eligible first-time home buyer (limited to $10,000)

10. Under an IRS levy on the IRA to pay overdue taxes

11. To a qualified reservist called to active duty for a period of at least 180 days, or for an indefinite amountof time. Qualified reservists can recontribute these distributed amounts to IRAs generally within a two-year period from the qualified reservists date of return. For further detailed information you may wish to obtain IRS Publication 590, Individual Retirement Arrangements, from the IRS.

You must advise us of your intended use of a withdrawal if the withdrawal is made prior to death, disabilityor age 591⁄2.

d. Distributions Upon Your Death If you die after you have begun to receive required minimum distributions from your Traditional IRA but before your entire interest in your Traditional IRA has been distributed to you, the remainder of the amountin your Traditional IRA must be distributed to your designated beneficiary at least as rapidly as the annual rateof distribution in effect at the date of your death. If you die before you begin to receive required minimum distributions from your Traditional IRA, your designated beneficiary (or beneficiaries) must choose to receive

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the entire remaining balance in your Traditional IRA either (i) by December 31 of the fifth year after your death,or (ii) in substantially equal monthly, quarterly, or annual installment payments, beginning by December 31 of theyear following your death, over a period no longer than your designated beneficiary’s life expectancy.

If you have designated your spouse as your beneficiary, however, he or she is not required to begin receiving required minimum distributions from your Traditional IRA until the later of (i) December 31 of the year in whichyou would have reached age 70 1⁄2, or (ii) December 31 of the year immediately following the year of yourdeath. In addition, if your beneficiary is your spouse, he or she may choose to treat the remaining interest inyour Traditional IRA as his or her own Traditional IRA for purposes of these required minimum distribution rules.

If for any reason your beneficiary does not withdraw the amount required by law, your beneficiary must paya nondeductible federal penalty tax of 50% of the difference between the required minimum distribution andthe amount actually distributed. This tax applies each year until the required amount is distributed. Your beneficiary is required to direct the Custodian or its agent to distribute any required minimum distribution.The Custodian and its agent are not liable for failure to make any required minimum distributions in the absence of direction from your beneficiary.

e. Spousal Beneficiaries A surviving spouse beneficiary can also elect to treat your Traditional IRA as his or her own for distribution, contribution and rollover purposes. A nonspouse beneficiary, however, must receive distributions accordingto the above requirements and cannot make tax-deductible contributions to an inherited Traditional or Roth IRA. Further, distributions to a nonspouse beneficiary from the Traditional or Roth IRA do not qualify forrollover treatment.

Amounts remaining in your account after your death may be subject to federal estate taxes.

f. Beneficiaries The Traditional IRA Disclosure Statements and Custodial Agreement account applications include a sectionwhere you may choose your beneficiary or beneficiaries. If you want to change that designation you may doso at any time by notifying us in writing. Your signature requesting any change in beneficiary must be guaran-teed and will cancel all your prior designations of beneficiary.

The last designation of beneficiary which is properly filed with us during your lifetime will be the controlling designation at death. In the event no beneficiary is designated or you are not survived by a designated beneficiary, your benefits will be paid in the following order of priority: (i) to your surviving spouse, if any; (ii)to your surviving children, if any, in equal shares per stirpes; and (iii) to your estate.

If you are married and live in a community property state or if you accumulated your Traditional IRA assetswhile living in a community property state, your Traditional IRA assets may be subject to community propertyrules. If so, and you wish to name a beneficiary other than your spouse, spousal consent language may be required. You should seek advice from your attorney for consent language that will constitute an effective waiverof community property rights in your state.

g. Rollovers The proceeds of your Traditional IRA may be used as a rollover contribution to another Traditional IRA. Onlyone rollover distribution may be made from a given Traditional IRA in a 12-month period. However, direct transfers between Traditional IRAs are not subject to this limitation.

Amounts which had originally been rolled over into your Traditional IRA from an employer retirement plan canagain be rolled over into another employer retirement plan (within 60 days of receipt of the distribution fromthe Traditional IRA) which will accept such a rollover. Amounts that represent after-tax contributions to a Traditional IRA may not be rolled over to an employer retirement plan.

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h. Qualified HSA Funding Distribution If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free HSA funding distribution from your IRA and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the typeof high deductible health plan coverage (i.e., single or family coverage) that you have at the time of the deposit, and counts towards your HSA contribution limit for that year. For further detailed information, you maywish to obtain IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.

Roth IRA: a. Qualified Distributions Withdrawn Tax Free

1. Unlike contributions to traditional individual retirement arrangements, contributions to a Roth IRA are not deductible from your gross income; and distributions after a five year period that are made when you are591⁄2 years of age or older or upon death, disability or the purchase of a home by a first-time home buyer (limited to $10,000) are not included in gross income.

2. For the purpose of determining the qualified status of a distribution, the five year period begins on the firstday of your taxable year for which you made any contributions to a Roth IRA, and ends on the last day ofthe fifth consecutive taxable year thereafter. Your beneficiary gets to include your holding period for purposesof satisfying the five-year period after your death.

b. No Required Minimum Distributions During Your Lifetime There are no required minimum distributions from a Roth IRA until your death. See Section e below.

c. Non-Qualified Distributions Distributions which do not meet the definition of qualified distributions above are considered non-qualified distributions. Non-qualified distributions are considered to be withdrawn from principal first and then fromearnings. When non-qualified distributions include earnings, the earnings are included in income and are taxedas ordinary income. They may also be subject to a penalty tax on premature distributions if you are under age 591⁄2.

d. Penalty Tax on Premature Distributions Because Roth IRAs are intended to be used for income during retirement years, early withdrawal of earningsfrom your Roth IRA is subject to a federal penalty tax. The tax is 10% of the amount of earnings withdrawn andapplies to the non-qualified distributions. The amount of earnings withdrawn also will be included in your taxable income for the tax year in which it is withdrawn. There is no penalty tax if a withdrawal is made:

1. After reaching age 591⁄2

2. Because of death or disability, at any age

3. Rollover within 60 days to another Roth IRA

4. In substantially equal payments (at least annually) over your life expectancy or the joint life expectancyof you and your beneficiary for at least five years or until you attain age 591⁄2, whichever is greater

5. Of principal contributions to your account or an excess contribution returned before your tax filing deadline(although income thereon which is distributed may be subject to the penalty)

6. On distributions for medical expenses that exceed 7.5% of adjusted gross income

7. On distributions for unemployed individuals for health insurance premiums if:

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a) The distribution is made after separation from employment and before you have been employed for 60 days

b) You have received unemployment compensation for a period of 12 consecutive weeks due to separationfrom employment

c) The distributions do not exceed the amount paid during the taxable year for health insurance

d) Distributions commence during the taxable year in which unemployment compensation is received orthe succeeding year

8. Withdrawals for certain post-secondary educational expenses for you or your spouse, child or grandchild

9. Withdrawals for eligible first-time home buyer expenses (limited to $10,000)

10 Under an IRS levy on the IRA to pay overdue taxes

11. To a qualified reservist called to active duty for a period of at least 180 days, or for an indefinite amountof time. Qualified reservists can recontribute these distributed amounts to IRAs generally within a two-yearperiod from the qualified reservist’s date of return. For further detailed information you may wish to obtain IRS Publication 590, Individual Retirement Arrangements, from the IRS.

You must advise us of your intended use of a withdrawal if the withdrawal is made prior to death, disability or age 591⁄2.

e. Distributions Upon Your Death Upon your death, the entire amount of your Roth IRA must be distributed by December 31st of the fifth year following the date of death unless one of these two exceptions applies:

1. Your designated beneficiary (not a surviving spouse) begins receiving distributions by December 31st ofthe year following your death and the distributions do not extend beyond your beneficiary’s life expectancy

2. If your beneficiary is your surviving spouse, your spouse will be considered the account owner and no distributions need be made solely as a result of your death.

Amounts remaining in your account after your death may be subject to federal estate taxes.

If for any reason your beneficiary does not withdraw the amount required by law, your beneficiary must paya nondeductible federal penalty tax of 50% of the difference between the required minimum distribution andthe amount actually distributed. This tax applies each year until the required amount is distributed. Your beneficiary is required to direct the Custodian or its agent to distribute any required minimum distribution.The Custodian and its agent are not liable for failure to make any required minimum distributions in the absence of direction from your beneficiary.

f. Spousal Beneficiaries A surviving spouse beneficiary can also elect to treat your Roth IRA as his or her own for distribution, contribution and rollover purposes. A nonspouse beneficiary, however, must receive distributions accordingto the above requirements and cannot make tax-deductible contributions to an inherited Roth IRA. Further, distributions to a nonspouse beneficiary from the Roth IRA do not qualify for rollover treatment.

g. Beneficiaries The Roth IRA Disclosure Statements and Custodial Agreement account applications includes a section whereyou may choose your beneficiary or beneficiaries. If you want to change that designation you may do so atany time by notifying us in writing. Your signature requesting any change in beneficiary must be guaranteedand will cancel all your prior designations of beneficiary.

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The last designation of beneficiary which is properly filed with us during your lifetime will be the controllingdesignation at death. In the event no beneficiary is designated or you are not survived by a designated beneficiary, your benefits will be paid in the following order of priority: (i) to your surviving spouse, if any; (ii) to your surviving children, if any, in equal shares per stirpes; and (iii) to your estate.

If you are married and live in a community property state or if you accumulated your Roth IRA assets whileliving in a community property state, your Roth IRA assets may be subject to community property rules. If so,and you wish to name a beneficiary other than your spouse, spousal consent language may be required. You should seek advice from your attorney for consent language that will constitute an effective waiver of community property rights in your state.

h. Rollovers The proceeds of your account may be used as a rollover contribution to another Roth IRA. Only one rollover distribution may be made from a given Roth IRA in a 12-month period. However, direct transfers between RothIRAs are not subject to this limitation.

i. Qualified HSA Funding Distribution If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free HSA funding distribution from your Roth IRA and directly deposit it to your HSA. The amount of thequalified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the typeof high deductible health plan coverage (i.e., single or family coverage) that you have at the time of thedeposit, and counts towards your HSA contribution limit for that year. For further detailed information, youmay wish to obtain IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.

III. TAX STATUS OF TRUST ACCOUNT (for both Traditional and Roth IRAs)

A. Tax Exempt Status — Loss of Exemption Any funds held in your IRA are generally exempt from federal income taxes unless the tax-exempt status of theIRA is revoked. The tax-exempt status of the IRA will be revoked if you engage in any of the prohibited transactionslisted in Section 4975 of the Internal Revenue Code, such as borrowing money from the account. The fair market valueof the taxable portion of your account will be included in your taxable income in the year in which such a prohibited transaction takes place. The fair market value of the taxable portion of your account may also besubject to a 10% penalty tax as a premature distribution if you have not reached age 591⁄2.

IV. ADDITIONAL INFORMATION A. Form 5329 For years in which excess contributions have been made to your account, or you received from your account premature distributions or less than the required distribution amount, you are required to file with the IRS Form5329, “Return for additional taxes attributable to qualified retirement plans (including IRA’s, annuities, and Modified Endowment Contracts).” Generally, you file Form 5329 along with your individual tax return for that year.Please consult your tax adviser for further information.

B. IRS Further information about your Traditional IRA or Roth IRA can be obtained in IRS Publication 590, available fromany district office of the Internal Revenue Service or at the IRS website at www.irs.gov.

C. Form 8606 For years in which you make nondeductible contributions to your Traditional IRA or convert your Traditional IRAto a Roth IRA, you will need to file Form 8606 with your tax return, reporting those contributions. You also need

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to File Form 8606 for years you receive a distribution from your Roth IRA, or if after-tax amounts are distributedfrom your Traditional IRA. It is your responsibility to keep track of the amount of non-deductible contributionsmade over the years to your Traditional IRA; the Custodian or its agent does not do this for you.

D. Federal Income Tax Credit A Federal income tax credit may be available to certain individuals who make contributions of up to $2,000 to anIRA (including a Roth IRA) or certain employer-sponsored plans. The credit is based upon your income (see tablebelow), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of yourcontributions, add all of the contributions made to your Traditional or Roth IRA and reduce these contributionsby any distributions that you have taken during the testing period. The testing period begins two years prior tothe year for which the credit is sought and ends on the tax return due date (including extensions) for the year forwhich the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the tablebelow by the amount of your contributions that do not exceed $2,000.

*Adjusted gross income includes foreign-earned income and income from Guam, American Samoa, North MarianaIslands and Puerto Rico. AGI limits are subject to cost-of-living adjustments for tax years beginning after 2013.

The Federal income tax credit is in addition to any deduction available for the actual IRA contribution, and is onlyavailable to individuals who will be at least age 18 by the end of the taxable year for which the contribution is made.The credit is not available, however, to anyone who is claimed as a dependent on another taxpayer’s return or whois a full-time student. In addition, the amount eligible for the credit will be reduced by certain distributions thatyou receive from IRAs and employer retirement plans, and also by certain distributions received by your spouseif you file a joint Federal income tax return.

E. No Special Lump Sum Taxation The special taxation rules applicable to lump sum distributions for qualified plans are not available for distributions from your IRA.

F. Tax Exempt Status – Deemed Distributions If you pledge your IRA as security for a loan, or if you invest in prohibited collectibles, the fair market value ofthe amount pledged or so invested is includible in your income for the taxable year in which the prohibited action takes place.

G. Use of IRS Model Form The STC IRA has been approved as to form for use as an individual retirement account by the IRS. The IRS approvalis a determination only as to the form of the IRA, and does not represent a determination of the merits of the IRA.

Adjusted Gross Income* Applicable

PercentageJoint Return Head of a Household All Other Cases

$1 - 37,000

$37,001 - 40,000

$40,001 - 62,000

over $62,000

$1 - 27,750

$27,751 - 30,000

$30,001 - 46,500

over $46,500

$1 - 18,500

$18,501 - 20,000

$20,001 - 31,000

over $31,000

50

20

10

0

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H. Gift TaxContributions to a Traditional or Roth IRA which you establish for the benefit of your spouse, and distributionsfrom such IRAs following your death, are exempt from federal gift tax. Receipt of funds remaining in your IRA atyour death by your beneficiary(ies) will not be treated as a gift for purposes of the federal gift tax.

I. Transfers Pursuant to Divorce or Separation If all or a part of your Traditional or Roth IRA account is transferred to your spouse or former spouse under a divorce or separate maintenance decree or a written document related to such a decree, the transfer is not considered to be a taxable distribution. As of the date of the transfer, the amount which is transferred will be considered to be the Traditional or Roth IRA of your spouse or former spouse.

J. Custodial Fees Unless timely paid by you, fees will be automatically charged against the IRA, or as you direct in writing, chargedagainst another account held by the Custodian or its delegate over which you have investment authority. You maynot reimburse your IRA for custodial fees once they have been charged to your IRA. Any such reimbursement willbe deemed a contribution to your IRA. In the event your IRA is terminated for any reason either by you or by theCustodian or its delegate, the Custodian or its delegate shall be entitled to receive the full termination fee, alongwith the full, non-prorated current year annual administration fee, regardless of the date during the year of thetermination of your IRA.

K. Other Expenses Any taxes of any kind which may be imposed with respect to the account and any expenses incurred by the Custodian or its delegate in the management of your account together with any fees referred to above, shall bepaid by you, or if not timely paid, will be charged against your IRA, or as directed in writing by you, chargedagainst another account over which you have investment authority.

L. Earnings The earnings of each separate IRA shall be allocated only to that account. The Custodian or its delegate will attribute earnings only to the assets held in the account in the custody of the Custodian or its delegate accordingto its ordinary business practice and in accordance with its established customs and procedures.

M. Segregation Upon DeathUpon your death, your IRA will be divided into separate shares and each beneficiary’s share will be transferredinto a separate account. This permits each beneficiary to provide investment and distribution directions as to hisor her share of your IRA. The transfer to a separate account does not create a taxable event for your designatedbeneficiaries.

N. Hurricane-Related ReliefIf you are an individual who sustained an economic loss due to, or are otherwise considered affected by hurricanes Katrina, Rita or Wilma, you may be eligible for favorable tax treatment on distributions and rolloversfrom your IRA. Qualified distributions include IRA distributions made on or after specified dates for each hurricane and before January 1, 2007 to a qualified individual. For a complete definition of what constitutes aqualified individual and a qualified hurricane distribution for purposes of hurricane relief, refer to IRS Publication4492, Information for Taxpayers Affected by Hurricanes Katrina, Rita and Wilma.

1. 10 Percent Penalty Exception on Qualified Distributions – Qualified hurricane distributions are not subjectto the 10 percent early distribution penalty tax. This penalty exception applies only to the first $100,000 of qualified distributions to each individual.

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2. Taxation May be Spread Over Three Years – If you receive qualified hurricane distributions, you may elect to include the distribution in your gross income ratably over three years, beginning with the year of the distribution.

3. Repayment of Qualified Hurricane Distributions – You may roll over qualified hurricane distributions to an eligible retirement plan, and avoid federal income taxation, within three years of the date of receipt of the distribution. The 60-day rollover rule does not apply to these distributions.

For further detailed information on tax relief granted for hurricanes Katrina, Rita and Wilma, and other exceptionswhich may be granted in the future by the IRS, you may wish to obtain IRS Publication 590, Individual RetirementArrangements, by calling 1-800-TAXFORM, or by visiting www.irs.gov on the Internet.

O. Qualified Charitable DistributionsIf you are age 701⁄2 or older, you may make tax-free distributions of up to $100,000 per year directly from yourIRA to certain charitable organizations. Special tax rules may apply. For further detailed information you may wishto obtain IRS Publication 590, Individual Retirement Arrangements from the IRS. This provision applies to distributions during tax years 2016 and 2017.

V. FINANCIAL INFORMATION (for both Traditional and Roth IRAs) A. Disclosure Statement The growth in value of your account is neither guaranteed nor projected. You will be directing the investment ofyour account. Growth depends upon making successful investment decisions.

B. Fees and Charges The cost to establish an IRA is $15. The annual administration fee is also $15. There is only one $15 fee per IRA regardless of the number of mutual fund investment accounts utilized in the IRA. A fee of $15 is charged to terminate the account. Fees for this IRA are currently charged in December of each year. This policy may be subject to change. The Custodian may change its fee schedule and charge a different fee for your account by giving you 30 days written notice. The Custodian may liquidate assets in the account sufficient to cover fees due.Any sales charge or commissions related to your investments will be disclosed to you separately by the salesperson or organization selling such investments.

Fees and charges applicable to other IRAs offered by the Custodian are different. For more information, you maycontact your financial professional or call AIG Funds at 800-858-8850, extension 6010.

If you become a party to a legal action (including, but not limited to civil, criminal, tax or probate actions) andif the Custodian or its agent shall be required by any party to said action to be involved with any research, provision of documents, mailings, personal appearances, depositions or any other activities relating to said action, then the Custodian or its agent reserves the right to charge you or your IRA for any expenses incurredin carrying out such activities.

VI. RESIGNATION A. The Custodian may resign by giving you 30 days advance written notice. A successor Custodian may be

appointed by the Custodian.

B. Amendments to this agreement shall be made by the Custodian. You will be notified in writing by the Custodianor its agent of any such amendment.

Please retain this Disclosure Statement and Custodial Agreement with your other Traditional and/or Roth IRA records.

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SUNAMERICA TRUST COMPANY COVERDELL EDUCATION SAVINGS CUSTODIAL ACCOUNT Form 5305-EA (Revised March 2002) under section 530 of the Internal Revenue Code

The Depositor whose name appears on the Adoption Agreement is establishing a Coverdell Education Savings Account under Section 530 for the benefit of the Designated Beneficiary whose name appears on the AdoptionAgreement exclusively to pay for the qualified elementary, secondary, and higher education expenses, within themeaning of Section 530(b)(2), of such Designated Beneficiary.

The Depositor has assigned the Custodial Account the sum indicated on the Adoption Agreement.

The Depositor and the Custodian make the following agreement:

ARTICLE I

The Custodian may accept additional cash contributions provided the Designated Beneficiary has not attained theage of 18 as of the date such contributions are made. Contributions by an individual contributor may be made forthe tax year of the Designated Beneficiary by the due date of the Designated Beneficiary’s tax return for that year(excluding extensions). Total contributions that are not rollover contributions described in section 530(d)(5) arelimited to $2,000 for the tax year. In the case of an individual contributor, the $2,000 limitation of any year isphased out between modified adjusted gross income (AGI) of $95,000 and $110,000. For married individuals filingjointly, the phase-out occurs between modified AGI of $190,000 and $220,000. Modified AGI is defined in section530(c)(2).

ARTICLE II

No part of the Custodial Account funds may be invested in life insurance contracts, nor may the assets of the Custodial Account be commingled with other property except in a common trust fund or a common investmentfund [within the meaning of section 530(b)(1)(D)].

ARTICLE III

1. Any balance to the credit of the Designated Beneficiary on the date on which such Designated Beneficiary attains the age of 30 shall be distributed to the Designated Beneficiary within 30 days of such date.

2. Any balance to the credit of the Designated Beneficiary shall be distributed within 30 days of his or herdeath unless the designated Death Beneficiary is a family member of the Designated Beneficiary and isunder the age of 30 on the date of death. In such case, that family member shall become the DesignatedBeneficiary as of the date of death.

ARTICLE IV

The Depositor shall have the power to direct the Custodian regarding the investment of the amount listed on theAdoption Agreement assigned to the Custodial Account (including the earnings thereon) in the investment choicesoffered by the Custodian. The Responsible Individual, however, shall have the power to redirect the Custodian regarding the investment of such amounts, as well as the power to direct the Custodian regarding the investmentof all additional contributions (including earnings thereon) to the Custodial Account. In the event that the Responsible Individual does not direct the Custodian regarding the investment of additional contributions (including earnings thereon), the initial investment direction of the Depositor also will govern all additional contributions made to the Custodial Account until such time as the Responsible Individual otherwise directs theCustodian. Unless otherwise provided in this agreement, the Responsible Individual also shall have the power todirect the Custodian regarding the administration, management, and distribution of the account.

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ARTICLE V

The “Responsible Individual” named by the Depositor shall be a parent or guardian of the Designated Beneficiary.The Custodial Account shall have only one Responsible Individual at any time. If the Responsible Individual becomes incapacitated or dies while the Designated Beneficiary is a minor under state law, the successor Responsible Individual shall be the person named to succeed in that capacity by the preceding Responsible Individual in a witnessed writing or, if no successor is so named, the successor Responsible Individual shall be theDesignated Beneficiary’s other parent or successor guardian.

ARTICLE VI

If so indicated in the Adoption Agreement, the Responsible Individual may change the beneficiary designationunder this Agreement to another member of the Designated Beneficiary’s family described in section 529(e)(2)in accordance with the Custodian’s procedures.

ARTICLE VII

1. The Depositor agrees to provide the Custodian with the information necessary for the Custodian to prepareany reports required by section 530(h).

2. The Custodian agrees to submit to the Internal Revenue Service (IRS) and the Responsible Individual the reports prescribed by the IRS.

ARTICLE VIII Notwithstanding any other articles which may be added or incorporated, the provisions of Articles I through III willbe controlling. Any additional articles that are not consistent with section 530 and related regulations will be invalid.

ARTICLE IX This Agreement will be amended as necessary to comply with the provisions of the Code and related regulations.Other amendments may be made with the consent of the Depositor and the Custodian whose signatures appearon the Adoption Agreement.

ARTICLE X 1. Definitions a. “Account” or “Custodial Account” shall mean the Coverdell Education Savings Custodial Account establishedhereunder for the benefit of the Designated Beneficiary.

b. “Account Application,” “Application” or “Adoption Agreement” shall mean the Application by which this Accountis established by the Agreement between the Depositor and the Custodian. The statements contained thereinshall be incorporated into this Agreement.

c. “Agreement” shall mean the SunAmerica Trust Company (STC) Coverdell Education Savings Custodial Agreement and Disclosure Statement, including the information and provisions set forth in any Application thatgoes with this Agreement, as may be amended from time to time. This Agreement, including the Account Application, any change to the Designated Beneficiary, and the designation of Death Beneficiary filed with theCustodian, may be proved either by an original copy or a reproduced copy thereof, including, without limitation, a copy reproduced by photocopying, facsimile transmission, electronic imaging, or other means ofelectronic transmission.

d. “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time.

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e. “Custodian” shall mean SunAmerica Trust Company.

f. “Death Beneficiary” shall mean the person, persons, entity or entities (i.e., a trust), designated from time totime by the Responsible Individual to receive benefits by reason of the death of the Designated Beneficiary,or the person or persons described in Article X, Section 5b, of the Plan who would otherwise be entitled to receive such benefits.

g. “Depositor” shall mean the person who establishes the Account.

h. “Designated Beneficiary” shall mean the individual on whose behalf the Account is established and for whomthe Account may be used to pay for the qualified elementary, secondary, and higher education expenseswithin the meaning of Section 530(b)(2) of the Code. The Responsible Individual may change the Designated Beneficiary hereunder, provided the appropriate election has been made by the Depositor in the Adoption Agreement, by completing such documentation as the Custodian shall require and provided such DesignatedBeneficiary is a member of the family of the original Designated Beneficiary and has not attained age 30 asof the date of such change.

i. “Plan” shall mean the STC Coverdell Education Savings Custodial Account Plan, as it may be amended from timeto time, in accordance with Articles IX and X of the Plan.

j. “Responsible Individual” shall mean the parent or guardian of the Designated Beneficiary named in theAdoption Agreement or his or her successor.

k. “Rollover Account” shall mean an Account established by a Depositor in which amounts are deposited in accordance with Article X, Section 3c, of the Plan.

l. “Sub-Custodian” shall mean SunAmerica Asset Management, LLC.

m. “AIG Funds” shall mean registered investment companies for which SunAmerica Asset Management, LLC or its successors or affiliates serve as investment advisor.

n. “SunAmerica Trust Company” shall mean AIG Federal Savings Bank doing business as SunAmerica Trust Company.

2. Notices and Change of Address a. Notices. Any required notice regarding this Account will be considered effective when mailed by the

Custodian to the last address of the intended recipient that is on the records of the Custodian. Any notice tobe given to the Custodian will be effective when actually received by the Custodian. The last addresses of theDepositor, Responsible Individual and Designated Beneficiary on the records of the Custodian will be the addresses used for any tax withholding, disbursement and reporting required by taxing authorities. The Responsible Individual will notify the Custodian of any change of such addresses.

b. Representations and Responsibilities. The Depositor represents and warrants to the Custodian that any information the Depositor has given or will give to the Custodian with respect to this Agreement is complete andaccurate. Further, the Depositor promises that any direction given by the Depositor to the Custodian, or any action taken by the Depositor will be proper under this Agreement. The Custodian will not be responsible for theDepositor’s actions or failures to act. Likewise, the Depositor shall not be responsible for the Custodian’s actionsor failure to act; provided, however, that the Custodian’s duties and responsibilities under this Agreement are limited to those specifically stated in the Agreement and no other or further duties or responsibilities shall beimplied. The Depositor does not intend to confer any fiduciary duties on the Custodian, and none shall be implied.

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3. Contributions a. Maximum Age for Contributions. No contributions to an Account shall be made after the Designated Beneficiary

attains age 18 unless the Designated Beneficiary is a special needs beneficiary (as determined underregulations prescribed by the Secretary of the Treasury).

b. Excess Contributions. The Depositor is responsible for the determination of any excess contributions and thetimely withdrawal thereof. If the Internal Revenue Service or the Depositor notifies the Custodian in writingthat the contributions to the Account have exceeded the contribution limitations described in Article I of thePlan, the Custodian shall distribute from the Account to the Depositor the amount of such excess contributionand, as determined by the Depositor, any income attributable thereto. The Depositor may revoke such noticein writing if the Internal Revenue Service has not notified the Custodian of its determination that the excesscontribution was willfully made by the Depositor. The Custodian, at the request of the Depositor, may creditas a contribution for the current taxable year, the amount shown in the notice of the Depositor revoking hisor her prior notification.

c. Rollover Contributions. If directed by the Depositor or Responsible Individual, the Custodian shall open andmaintain a separate Account for each rollover contribution described in section 530(d)(5) of the Code.

d. Regular Contributions Deadlines. The last day to make annual contributions for a particular tax year is the deadline for filing the Depositor’s federal income tax return not including extensions. The Depositor shall designate, in a form and manner acceptable to the Custodian, the taxable year for which such contribution ismade. If the Depositor does not designate a taxable year for any contribution, the Custodian will designate thecontribution as being made for the year in which the contribution is deposited into the Account.

4. Investment of Contributions a. Investment Direction. In accordance with Article IV of the Plan, the Depositor shall have the power to direct

the Custodian with respect to the investment of the initial contribution to the Account and the Responsible Individual shall direct the Custodian with respect to the investment of all subsequent contributions and all Account earnings. All investment instructions of the Depositor and the Responsible Individual shall be accepted by the Custodian in accordance with its established customs and procedures. The Depositor and Responsible Individual shall direct the Custodian with respect to the investment of all contributions to the Account in shares of AIG Funds selected by the Depositor or Responsible Individual at the price and in themanner in which such shares are then publicly offered by AIG Funds. All dividends and capital gains distributions received on shares of an AIG Mutual Fund shall be reinvested in shares of such AIG Fund. All suchshares shall be issued and accounted for as book entry shares, and no physical shares or share certificateswill be issued. In the absence of such directions, the Custodian shall have no investment responsibility exceptthat the Custodian will deposit uninvested cash as provided in Article X, Section 4d of the Plan. The Depositorand Responsible Individual understand that the income from, and gain or loss on, each investment the De-positor or Responsible Individual selects for the Account will affect the value of the Account, and that thegrowth in value of an Account cannot be guaranteed or projected.

b. No duty to review. The Custodian shall not be under any duty to review or question any direction of the Depositor or Responsible Individual with respect to investments in shares of AIG Funds or to make suggestionsto the Depositor or Responsible Individual with respect to investments. The Custodian will not be liable for anyloss that may result by reason of investments made by it in accordance with the directions of the Depositor orResponsible Individual.

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c. Delegation of Investment Responsibility. Regardless of any other provision of this Agreement to the contrary,the Responsible Individual may also appoint an investment advisor or other person to act as the Responsible Individual’s representative with authority to direct the Custodian with respect to the investment of assets inthe Custodial Account. The appointment, however, will be effective only if (1) the Custodian has received an executed copy of an agreement between the Responsible Individual and the representative in a form and manner acceptable to the Custodian which specifies the authority of the representative to act on behalf of theResponsible Individual, and (2) the Custodian does not object to acting on the direction of that person, whichobjection the Custodian may assert for any reason at any time. If the Responsible Individual appoints a representative, as provided for above, references to the Responsible Individual in the “Investment of Contributions” section of this Agreement and in the “Powers, Duties and Obligations of the Custodian” sectionof this Agreement (insofar as pertinent to securities with respect to which the representative has investmentauthority) are also to that representative. However, all references in this Agreement to the individual whoseCustodial Account is involved and to the making of contributions and the receipt of distributions are only tothe Responsible Individual. The Responsible Individual may revoke the authority of any representative at anytime by notifying the Custodian in a form and manner acceptable to the Custodian and the Custodian shall notbe liable in any way for the transactions initiated prior to its receipt of such notice.

d. Uninvested Cash. If the Depositor or Responsible Individual fails to direct the Custodian as to the investmentof any cash in the Responsible Individual’s Account, the cash not otherwise invested will be deposited by theCustodian into the AIG Government Money Market Fund, Class A.

5. Withdrawals The Responsible Individual may withdraw all or part of the Custodial Account balance at any time. All requestsfor withdrawal shall be in a form and manner provided by or acceptable to the Custodian. Any withdrawals shallbe subject to all applicable tax and other laws and regulations including possible early withdrawal penalties andwithholding requirements. If payment is made outside of the United States, special federal income tax withholdingrules may apply. Distributions under the Account may be made in a single sum, periodic payment, or a combinationof both.

a. Required Distributions. Notwithstanding anything herein to the contrary, the Custodian shall distribute thevalue of the Custodial Account to the Designated Beneficiary or Death Beneficiary in accordance with ArticleIII of the Plan.

b. Death Beneficiaries. Following the death of the Designated Beneficiary, the balance of the Custodial Accountshall be distributed to the Death Beneficiary or Beneficiaries, if any, designated by the Responsible Individual in accordance with the provisions of Article X of the Plan and in accordance with the Custodian’s administrativeor operational requirements and regular business practices. If there is no Death Beneficiary designation on filewith the Custodian or if the Death Beneficiary has not survived the Designated Beneficiary, the Custodian shall distribute the Custodial Account to the survivors of the Designated Beneficiary in the following order ofpreference:

(i) the Designated Beneficiary’s surviving spouse, if any,

(ii) the Designated Beneficiary’s children, if any, in equal shares per stirpes, and

(iii) the Designated Beneficiary estate.

c. Account Only Source of Benefits. The only source of benefit for the Designated Beneficiary of the Accountunder this Plan shall be the Custodial Account.

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d. Scope of Custodial Responsibility. The Custodian shall not be responsible for the purpose, sufficiency or propriety of any distribution. The Custodian is only authorized to make distributions in accordance with instructions of the Responsible Individual or as otherwise provided for in this Agreement. Such instructionsmust be given in a form and manner acceptable to the Custodian.

6. Responsible Individual a. Responsibilities. The Responsible Individual has the general responsibility of managing the Account and

instructing the Custodian as to any transaction in connection with the Account. In addition to those duties described in other sections of this Agreement, the Responsible Individual shall be responsible for determiningwhether any contribution to the Account is allowable and within the limits set forth in the Code and whether anyindividual named as Designated Beneficiary is eligible to be a beneficiary under the Account.

b. Designation of Responsible Individual. Subject to Article X Section 1j, the Responsible Individual shall be theperson so designated on the Adoption Agreement. In accordance with Article V, the Responsible Individualshall be a parent or guardian of the Designated Beneficiary. In the event of the death or legal incapacity ofthe Responsible Individual, the individual designated on the Adoption Agreement to serve as successor shallhave the rights and responsibilities of the Responsible Individual.

7. Procedure For Changing Designated Beneficiary If, pursuant to the Adoption Agreement, the Responsible Individual is permitted to change the Designated Benefici-ary, any change in Designated Beneficiary can only be made on a form prescribed by the Custodian and it will onlybe effective when it is filed with the Custodian during the lifetime of, or within 30 days after the death of the previous Designated Beneficiary. Each beneficiary designation filed with the Custodian by the Responsible Individual will cancel all previous ones. The consent of a Designated Beneficiary shall not be required to revokea beneficiary designation. Further, if, pursuant to the Adoption Agreement, the Responsible Individual is permittedto change the Designated Beneficiary, then notwithstanding Article III, Section 2 of the Plan, the Responsible Individual may designate a new Designated Beneficiary no later than 30 days after the death of the previous Designated Beneficiary. Any new Designated Beneficiary must be a member of the family (as defined in section529(e)(2) of the Code) of the previous Designated Beneficiary.

8. Transfer a. Transfer. In the event that the Responsible Individual terminates the Custodial Account, the Custodian shall

distribute or transfer the Account balance in accordance with the Responsible Individual’s written instructionsand in accordance with this Agreement. The Responsible Individual authorizes the Custodian to retain suchsums as the Custodian may deem necessary for payment of all its fees, compensation, costs and any expenses,including but not limited to annual maintenance fees and Account termination fees, or for payment of any otherliabilities, which might constitute a charge to either the Account or the Custodian. The balance of any such reserve remaining after the payment of the above items shall be paid, distributed or transferred uponsatisfaction of any such charge. The Custodian shall have no duty to ascertain whether any payment, distribution or transfer as directed by the Responsible Individual is proper under the provisions of the Code,this Agreement or otherwise. Funds held on behalf of a Designated Beneficiary in another Education SavingsAccount, and such other transfers as tax law and related regulations or pronouncements may permit, may betransferred to the Custodian and held in an Account for the benefit of the Designated Beneficiary under thePlan. Upon the request of the Responsible Individual in writing on a form acceptable to the Custodian, theCustodian shall transfer funds held in the Account to another Education Savings Account established on behalf of the Designated Beneficiary with another approved and qualified Custodian.

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b. Transfer on Divorce. A Designated Beneficiary may transfer any portion or all of his or her interest in an Account to a former spouse under a written instrument incident to divorce or under a divorce decree containing transfer instructions acceptable to the Custodian and compliant with the Custodian’s administrativeor operational requirements and regular business practices, whereupon such Account, or the transferred portion of such Account, shall be held for the benefit of such former spouse subject to the terms and conditionsof the Plan.


and is merely authorized to acquire and hold the particular investments specified by the Depositor or Responsible Individual in accordance with Article X, Section 4. The Custodian will not act as investment advisoror counselor to a Depositor or Responsible Individual and will not advise a Depositor or Responsible Individualor offer any opinion or judgment on any matter pertaining to the nature, value, potential value or suitability ofany investment or potential investment by a Depositor or Responsible Individual for the Agreement, except thatthe Custodian will deposit uninvested cash as provided in Article X, Section 4d of the Plan.

b. Proxies. The Custodian shall deliver to the Responsible Individual all prospectuses and proxies that may comeinto the Custodian’s possession by reason of its holding of shares of AIG Funds in the Account. The ResponsibleIndividual may direct the Custodian as to the manner in which any shares of AIG Funds held in the Account shallbe voted. All such directions shall be in a form and manner acceptable to the Custodian and delivered to theCustodian or its designee within the time prescribed by it. The Custodian shall vote only those shares of AIG Fundswith respect to which it has received timely directions from the Responsible Individual.

c. Records and Reports. The Custodian shall keep accurate records of all contributions, receipts, investments, distributions, disbursements, and all other transactions of the Account. Within 120 days (or such other deadlineimposed by applicable law) after the close of each calendar year (or after a distribution or transfer of an Account or upon the Custodian’s resignation or removal), the Custodian shall file with the ResponsibleIndividual a written report (which may consist of copies of the Custodian’s regularly issued Account statements)reflecting all transactions affecting the Account for the period in question and including a statement of theassets in the Account and their fair market values. Unless the Responsible Individual files a written statementof exceptions or objections to the report with the Custodian within 60 days after mailing of the report, the Responsible Individual shall be deemed to have approved such report and the Custodian shall be releasedfrom all liability to anyone (including the Depositor, Designated Beneficiary or Death Beneficiary) with respectto all matters set forth in the report as though the report had been settled by judgment or decree of a courtof competent jurisdiction. No person other than a Responsible Individual may require an accounting.

d. Right to Request Judicial Assistance. The Custodian shall have the right at any time to apply to a court ofcompetent jurisdiction for judicial settlement of its accounts or for determination of any questions of construction, which may arise, or for instructions. The only necessary party defendant to any such action shallbe the Responsible Individual, but the Custodian may join any other person or persons as a party defendant.The cost, including attorney’s fees, of any such proceeding shall be charged as an administrative expenseunder Article X, Section 10, of this Agreement.

e. Scope of Custodian’s Duties. The Custodian shall only have the duties, which are specifically set forth in thisPlan. The Custodian shall have no duty to ascertain whether contributions or distributions comply with the Planor the Code. The Custodian shall not make any investments or dispose of any investments held in an Account,except upon the direction of the Depositor or Responsible Individual or in accordance with Article X, Section4d or Section 11d, of the Plan. The Custodian shall not question any such directions of the Depositor or

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Responsible Individual, review any securities or other property held in an Account, or make suggestions to theDepositor or Responsible Individual with respect to the investment, retention or disposition of any assets heldin an Account. To the maximum extent permitted by law, the Custodian has delegated its duties and responsibilities to SunAmerica Asset Management, LLC and has appointed SunAmerica Asset Management, LLCas Sub-Custodian. All references to the term “Custodian” in this Plan shall be read to refer to the Sub-Custodian to the extent the Custodian has delegated its duties to the Sub-Custodian.

f. Scope of Custodian’s Liability. The Custodian shall not be liable for any loss of any kind which may result fromany action taken by it in accordance with the directions of the Depositor or Responsible Individual or his or herdesignated agent or attorney in fact or from any failure to act because of the absence of any such directions.The Custodian shall not be responsible for determining whether any contribution or rollover contribution satisfies the requirements of the Code. The Custodian shall not be liable for any taxes (or interest thereon) orpenalties incurred in connection with any Account or in connection with any contribution to or distributionfrom the Account. The Custodian is entitled to act upon any instrument, certificate, or form it believes is genuine and believes is executed or presented by the proper person or persons, and the Custodian need notinvestigate or inquire as to any statement contained in such document but may accept it as true and accurate. The Custodian is not liable for any losses directly or indirectly caused by acts of war, acts of terrorism,labor disputes, exchange or market decisions including the suspension of trading, market volatility, trade volume,or by government restriction. The Responsible Individual shall duly indemnify and hold harmless the Custodian from any liability, which may arise hereunder except liability arising from the gross negligence orwillful misconduct of the Custodian.


delivering notice to the Responsible Individual 30 days prior to the resignation. Upon its resignation the Custodian may, but shall not be required to, appoint a corporation or other institution as the successor Custodian under this Agreement. The Responsible Individual, after the receipt of the resignation, shall have30 days to appoint an alternative successor Custodian. If no alternate is chosen, the Responsible Individualwill be deemed to have accepted the Custodian’s appointed successor Custodian. Upon acceptance of appointment by the successor, the Custodian shall assign, transfer and deliver to the successor all assets heldin the Account to which such resignation or removal relates. The Custodian is authorized, however, to reservesuch amounts as it deems advisable to provide for the payment of expenses and fees then due or to be incurred in connection with the settlement of its account, and any balance remaining after the settlement ofits account shall be paid to the successor Custodian or trustee. At the sole discretion of the Custodian, anysuccessor Custodian appointed by the Custodian may, with the approval of the Custodian, amend the Agreementby giving notice to the Responsible Individual. If the Custodian does not choose to appoint a successor, the Responsible Individual has 30 days after receiving notification of the Custodian’s resignation to appoint aqualifying successor Custodian. If the Responsible Individual does not appoint a successor Custodian withinthis time period, the Custodian shall have the right to terminate the Custodial Account and distribute the assets directly to the Responsible Individual.

b. Removal. The Responsible Individual shall substitute another Custodian in place of the Custodian upon notification by the Internal Revenue Service that such substitution is required because the Custodian hasfailed to comply with the requirement of the Code, or is not keeping such records, or making such returns, or rendering such statements as are required by that regulation.


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consistent with the provisions of applicable law without obtaining the consent of the Responsible Individual,Designated Beneficiary, or Death Beneficiary. No amendment of the Plan, however, shall deprive any Responsible Individual, Designated Beneficiary, or Death Beneficiary of any benefit to which he or she was entitled under the Plan from contributions made prior to the amendment unless the amendment is necessary toconform the Plan to the current or future requirements of Section 530 of the Code, or other applicable law, regulation or ruling, in which case the Custodian is expressly authorized to make amendments that are necessaryfor such purposes retroactively to the later of the effective date of the Plan or the effective date of any future legalrequirements. A Responsible Individual may change an election or designation made with respect to the Adoption Agreement, provided such change is made in a form and manner prescribed by and acceptable tothe Custodian.

b. Distribution on Termination. If the Account is terminated for any reason by the Custodian, the balance held ineach Account for the benefit of the Designated Beneficiary or Death Beneficiary shall be distributed by theCustodian to a successor Custodian or trustee, in accordance with Article X, Section 8, of the Plan. If the Account is terminated for any reason by the Responsible Individual, the Custodian shall distribute or transferthe Account balance in accordance with the Responsible Individual’s written instructions and in accordancewith Article X, Section 8a of the Plan.

12. Fees and Expenses a. Payment of Fees and Expenses. The Custodian’s annual maintenance, termination, and other administration

fees shall be charged by the Custodian for its services hereunder in accordance with the current fee scheduleof the Custodian that is in effect from time to time as it may be amended by the Custodian. Any administrativeexpenses, including fees for legal and/or accounting services incurred by the Custodian at the request of ornecessitated by the actions of the Depositor or Responsible Individual, that are over and above the servicesset forth in the Custodian’s fee schedule, shall be paid by the Depositor or Responsible Individual and the Depositor and Responsible Individual hereby covenant and agree to pay the same. The Custodian’s fees andexpenses shall be automatically charged to the Custodial Account unless the Responsible Individual choosesto pay the fee directly to the Custodian in a timely manner before the Custodial Account has been so chargedand fees or other administrative expenses that are not paid by the Responsible Individual directly to the Custodian when due may be charged to the Custodial Account. The Custodian reserves the right to liquidateany assets of the Custodial Account to collect any charge for which payment may at any time be past due. Inthe event of Account termination by the Responsible Individual or the Custodian for any reason, the Custodianshall be entitled to receive the full termination fee, along with the full, non-prorated current year maintenancefees, regardless of the date during the year that the Account is terminated. Such amounts will be automaticallycharged against the Account at the time the Responsible Individual terminates the Account. Any reimbursement of fees charged against an Account will be recorded as a contribution to the Account and reported to taxing authorities accordingly. Specific fee details are provided in the current fee schedule availablefrom the Custodian or from the financial institution that has introduced the Account to the Custodian.

b. Taxes. Any taxes of any kind whatsoever that may be levied or assessed upon any Custodial Account or thatthe Custodian may otherwise be charged with the responsibility of collecting shall be paid from the assets ofthe Custodial Account involved.

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13. Miscellaneous a. Prohibited Transactions. No Depositor, Responsible Individual, Designated Beneficiary, or Death Beneficiary

shall be entitled to use an Account, or any portion thereof, as security for a loan or borrow from the Account.No Custodian, Responsible Individual, Depositor, Designated Beneficiary, Death Beneficiary or any other person or institution shall engage in any prohibited transaction, within the meaning of section 4975 of the Code,with respect to an Account.

b. Prohibition Against Assignment of Benefits. Except to the extent otherwise required by law, none of the benefits,payments or proceeds held in an Account on behalf of any Designated Beneficiary or Death Beneficiary shallbe subject to the claims of any creditor of such Designated Beneficiary or Death Beneficiary, nor shall any Designated Beneficiary or Death Beneficiary have any right to anticipate, sell, pledge, option, encumber or assign any of the benefits, payments or proceeds to which he or she is or may be entitled under the Plan.

c. Applicable Law. The Plan shall be construed, administered and enforced according to the laws of the State ofDelaware, except to the extent preempted by federal law. All contributions to the Custodial Account shall bedeemed to take place in the State of Delaware. The terms and conditions of the Plan shall be applicable withoutregard to the community property laws of any state.

d. Liquidation of Assets. If the Custodian must liquidate assets in order to make distributions, transfer assets, orpay fees, expenses, or taxes assessed against an Account, and the Responsible Individual fails to instruct theCustodian as to the liquidation of such assets, assets will be liquidated in the following order to the extent heldin the Account: (1) any shares of a money market fund or money market-type fund, (2) any shares of other AIG Funds. The Custodian shall not be liable for any losses arising out of or as a result of assets liquidated inaccordance with the provisions of this Agreement.

e. Delegation of Duties. To the maximum extent allowable by law, the Custodian is authorized to delegate any ofits duties hereunder.

f. Purpose of Form. Form 5305-EA is a model Custodial Account agreement that meets the requirements of section 530 of the Code and has been automatically approved by the Internal Revenue Service. A CoverdellEducation Savings Custodial Account is established after the Adoption Agreement is fully executed by the Depositor and entered in the records of the Custodian and must be completed no later than the due date ofthe individual’s income tax return for the tax year (without regard to extensions). This Account must be created in the United States for the exclusive benefit of the Designated Beneficiary.

g. Identifying Number. The Designated Beneficiary’s social security number will serve as the identification number of his or her Custodial Account. An employer identification number is required only for a CustodialAccount for which a return is filed to report unrelated business taxable income. An employer identificationnumber is required for a common fund created for Individual Retirement Accounts.

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SUNAMERICA TRUST COMPANY COVERDELL EDUCATION SAVINGS ACCOUNT DISCLOSURESTATEMENTThe following is based on portions of IRS Notice 97-60 Individuals may deposit up to $2,000 per year into a Coverdell Education Savings Account for a child under age18. Beginning in 2002, an individual may be 18 or older if he or she is deemed to be a “special needs” individual.Parents, grandparents, other family members, friends, and a minor may contribute to the child’s Coverdell Education Savings Account, provided that the total contributions for the child during the taxable year do not exceed the $2,000 limit. Amounts deposited in the account grow tax-free until distributed, and the child will notowe tax on any withdrawal from the account if the child’s qualified education expenses at an eligible educationinstitution for the year of withdrawal equal or exceed the amount of the withdrawal. If the child does not needthe money for qualified elementary and secondary education and post-secondary education, the account balanceof the Coverdell Education Savings Account can be rolled over to a Coverdell Education Savings Account of certain family members who can use it for their higher education. Amounts withdrawn from a Coverdell EducationSavings Account that exceed the child’s qualified higher education expenses in a taxable year are generally subject to income tax and an additional tax of 10%. The Hope Scholarship Credit and Lifetime Learning Credit maybe claimed for a student’s expenses in a taxable year in which the student takes a tax-free withdrawal from a Coverdell Education Savings Account provided that the taxpayer does not use the distribution from the CoverdellEducation Savings Account to cover the same educational expenses claimed for the Hope or Lifetime Learning Credit.

Frequently Asked Questions I. WHAT IS A COVERDELL EDUCATION SAVINGS ACCOUNT? A Coverdell Education Savings Account is a trust or custodial account that is created or organized in the UnitedStates exclusively for the purpose of paying the qualified education expenses of the Designated Beneficiary ofthe account. The account must be designated as a Coverdell Education Savings Account when it is created inorder to be treated as a Coverdell Education Savings Account for tax purposes.

For whom may a Coverdell Education Savings Account be established? A Coverdell Education Savings Account may be established for the benefit of any child under age 18. Contributionsto the Coverdell Education Savings Account will not be accepted after the Designated Beneficiary reaches his/her18th birthday. In addition, beginning in 2002, a Coverdell Education Savings Account may be established for thebenefit of any individual, regardless of age, if the individual is deemed to be a “special needs” individual. Whetheran individual qualifies as a “special needs” individual for this purpose will need to be determined with respect toIRS guidance, which has yet to be issued.

Where may an individual open a Coverdell Education Savings Account? An individual may open a Coverdell Education Savings Account with any bank, or other entity that has been approved to serve as a non-bank trustee or custodian of an Individual Retirement Account (IRA), and the bank or entity is offering Coverdell Education Savings Accounts. Other entities that wish to offer Coverdell Education SavingsAccounts but are not approved to serve as IRA trustees or custodians may seek approval by following the same IRSprocedures used for approval of other IRA non-bank trustees. See notice 97-57, 199743 I.R.B. (October 27, 1997).

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II. CONTRIBUTIONS How much may be contributed to a child’s Coverdell Education Savings Account? Up to $2,000 per year in aggregate contributions may be made for the benefit of any child. The contributions maybe placed in a single Coverdell Education Savings Account or in multiple Coverdell Education Savings Accounts.

What happens if more than $2,000 is contributed to a Coverdell Education Savings Accounton behalf of a child? Aggregate contributions for the benefit of a particular child in excess of $2,000 for a calendar year are treatedas excess contributions. If the excess contributions (and any earnings attributable to them) are not withdrawnfrom the child’s account (or accounts) before May 31 of the following year, the excess contributions are subjectto a 6% excise tax for each year the excess amount remains in the account.

May contributions other than cash be made to a child’s Coverdell Education Savings Account? No. Coverdell Education Savings Accounts are permitted to accept contributions made in cash only.

May contributors take a deduction for contributions made to a Coverdell Education Savings Account? No.

Are there any restrictions on who can contribute to a Coverdell Education Savings Account? Any individual may contribute up to $2,000 to a child’s Coverdell Education Savings Account if the individual’smodified adjusted gross income for the taxable year is no more than $95,000 ($190,000 for married taxpayersfiling jointly). (See Section VI for a description of modified adjusted gross income.) The $2,000 maximum contribution per child is gradually reduced for individuals with modified adjusted gross income between $95,000and $110,000 for single filers and between $190,000 and $220,000 for married taxpayers filing jointly. For example,an unmarried taxpayer with modified adjusted gross income of $96,500 in a taxable year could make a maximumcontribution per child of $1,800 for that year. Taxpayers with modified adjusted gross income above $110,000($220,000 for married taxpayers filing jointly) cannot make contributions to anyone’s Coverdell Education Savings Account.

May a child contribute to his/her own Coverdell Education Savings Account? Yes.

Does a taxpayer have to be related to the Designated Beneficiary in order to contribute tothe Designated Beneficiary’s Coverdell Education Savings Account? No.

How many Coverdell Education Savings Accounts may a child have? There is no limit on the number of Coverdell Education Savings Accounts that may be established designating a particular child as beneficiary. However, in any given taxable year the total aggregate contributions to all theaccounts designating a particular child as beneficiary may not exceed $2,000.

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III. WITHDRAWALS May a Designated Beneficiary take a tax-free withdrawal from a Coverdell Education Savings Account to pay qualified education expenses if the Designated Beneficiary is enrolled less than full-time at an eligible educational institution? Yes. Whether the Designated Beneficiary is enrolled full-time or part-time, he/she may take a tax-free withdrawalto pay for qualified higher education expenses.

What happens when a Designated Beneficiary withdraws assets from a Coverdell EducationSavings Account to pay for qualified education expenses? Generally, the withdrawal is tax-free to the Designated Beneficiary to the extent the amount of the withdrawal doesnot exceed the Designated Beneficiary’s qualified education expenses.

IV. EXPENSES What are qualified education expenses? Qualified education expenses are expenses for tuition, fees, books, supplies, and equipment required for the enrollment or attendance of the Designated Beneficiary at eligible education institutions. Qualified educationexpenses also include amounts contributed to a qualified tuition program. Qualified higher education expensesalso include room and board (generally the schools posted room and board charges, or $2,500 per year for students living off-campus and not at home) if the Designated Beneficiary is at least a part-time student at aneligible educational institution. The standards for determining whether a student is enrolled at least part-timeare the same as those used for the Hope Scholarship Credit. Beginning in 2002, qualified education expensesalso include elementary and secondary education expenses, including (1) expenses for tuition, fees, academic tutoring, special needs services in the case of special needs individuals, books, supplies and other equipment incurred in connection with enrollment or attendance as an elementary or secondary school student at a public,private or religious school, (2) expenses for room and board, uniforms, transportation, and supplementary itemsand services (including extended day programs) which are required or provided by a public, private or religiousschool and (3) expenses for the purchase of any computer technology or equipment or internet access and related services if such technology, equipment or services are to be used by the individual and the individual’sfamily during any of the years the individual is in school (not including expenses for computer software designedfor sports, games, or hobbies unless the software is predominantly educational in nature).

What is an eligible education institution? An eligible institution is any elementary, secondary or post-secondary educational institution that is describedin the Economic Growth and Tax Relief Reconciliation Act of 2001. This category includes virtually all accreditedpublic, non-profit, and proprietary educational institutions. (The same eligibility requirements for institutionsapply for the Hope Scholarship Credit, the Lifetime Learning Credit, and early withdrawals from IRAs for qualifiededucation expenses.)

V. DISTRIBUTIONS What happens if a Designated Beneficiary withdraws an amount from a Coverdell EducationSavings Account but does not have any qualified education expenses to pay in the taxable yearhe/she makes the withdrawal? Generally, if a Designated Beneficiary withdraws an amount from a Coverdell Education Savings Account and doesnot have any qualified education expenses during the taxable year, a portion of the distribution is taxable. Thetaxable portion is the portion that represents earnings that have accumulated tax-free in the account. The taxable portion of the distribution is also subject to a 10% additional tax unless an exception applies.

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Is a distribution from a Coverdell Education Savings Account taxable if the distribution iscontributed to another Coverdell Education Savings Account? Any amount distributed from a Coverdell Education Savings Account and rolled over to another Coverdell Education Savings Account for the benefit of the same Designated Beneficiary or certain members of the Designated Beneficiary’s family is not taxable. An amount is rolled over if it is paid to another Coverdell EducationSavings Account on a date within 60 days after the date of receipt of distribution. Members of the Designated Beneficiary’s family include the Designated Beneficiary’s spouse and his/her children and their descendants,stepchildren, siblings and their children, parents and their ancestors, stepparents, uncles and aunts and in-laws.The $2,000 annual contribution limit to Coverdell Education Savings Accounts does not apply to these rollovercontributions. For example, an older brother who has $2,000 left in his Coverdell Education Savings Account afterhe graduates from college can roll over the full $2,000 balance to a Coverdell Education Savings Account for hisyounger sister who is still in school without paying tax on the transfer.

What happens to the assets remaining in a Coverdell Education Savings Account after theDesignated Beneficiary finishes his/her education? There are two options. The amount remaining in the account may be withdrawn for the Designated Beneficiary.The Designated Beneficiary will be subject to both income tax and the additional 10% tax on the portion of theamount withdrawn that represents earnings if the Designated Beneficiary does not have any qualified educationexpenses in the same taxable year he/she makes the withdrawal. Alternatively, if the amount in the DesignatedBeneficiary’s Coverdell Education Savings Account is withdrawn and rolled over (as described within this section)to another Coverdell Education Savings Account for the benefits of a member of the Designated Beneficiary’s family, the amount rolled over will not be taxable.

Rather than rolling over money from one Coverdell Education Savings Account to another,may the Designated Beneficiary of the account be changed from one child to another without incurring a tax? Yes, provided: (1) the terms of the particular trust or custodial account permit a change in designated beneficiaries(each trustee or custodian will control whether options like this one are available in the accounts they offer); (2) thenew Designated Beneficiary is a member of the previous Designated Beneficiary’s family; and (3) the new designatedbeneficiary is under the age of 30. The age 30 limitation does not apply in the case of a special needs individual.

VI. ELIGIBILITY May a student or the student’s parents claim the Hope Scholarship Credit or LifetimeLearning Credit for the student’s expenses in a taxable year in which the student receivesmoney from a Coverdell Education Savings Account on a tax-free basis? Yes. If a student is receiving a tax-free distribution from a Coverdell Education Savings Account in a particular taxable year, the student’s expenses may be claimed as the basis for a Hope Scholarship or Lifetime Credit forthat year, provided the distribution from the Coverdell Education Savings Account is not used for the same expenses for which the credit is claimed.

May contributions be made to both a qualified state tuition program and a Coverdell Education Savings Account on behalf of the same Designated Beneficiary in the same taxable year? Yes. Although prior to 2002, you could only make contributions to one program or the other for the same individual,beginning in 2002, you can make contributions to both a Coverdell Education Savings Account and a qualified tuitionprogram for the same person.

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How does a taxpayer know what his/her “modified adjusted gross income” is? For most taxpayers, modified adjusted gross income is the same as adjusted gross income. Taxpayers computeadjusted gross income as part of completing a federal income tax return. For those few taxpayers who earn income abroad or received income from certain American territories or possessions, modified adjusted gross income will be greater than adjusted gross income. In those cases, the individual’s adjusted gross income will beincreased by:

1) certain amounts that the individual earns abroad;

2) amounts effectively connected with the individual’s conduct of a trade or business or derived from

sources in Guam, American Samoa or the Northern Mariana Islands (if the individual is a resident of the

possession where the source of the income is located); and

3) amounts derived from sources in Puerto Rico (if the individual is a resident of Puerto Rico).

VII. COSTS What are the costs for establishing a Coverdell Education Savings Account? There is an establishment fee of $15 for initial investments below the required mutual fund minimum of $250. An additional annual fee of $15 is charged respective to the number of mutual funds invested. Unless the fee hasalready been paid separately, this fee will be deducted from the Coverdell Education Savings Account each December.

For any further information regarding Coverdell Education Savings Accounts, the conditions and requirements towhich they are subject, and the accompanying fees and charges, please contact your financial professional.

VIII. ADDITIONAL TAX INFORMATION A. Form 5329 For years in which excess contributions have been made to your account, or you received from your account premature distributions, you are required to file with the IRS Form 5329, “Return for additional taxes attributableto qualified retirement plans (including IRAs, annuities, and Modified Endowment Contracts),” along with your individual tax return for that year.

B. IRS Further information about your IRA can be obtained from any district office of the Internal Revenue Service.

Funds distributed by:AIG Capital Services, Inc.Harborside 5185 Hudson Street, Suite 3300Jersey City, NJ 07311800-858-8850 ext. 6003

Investors should carefully consider a Fund’s investment objectives, risks, charges and expensesbefore investing. The prospectus, containing this and other important information, can be obtained from your financial adviser, the AIG Funds Sales Desk at 800-858-8850, ext. 6003, or at www.aig.com/funds. Read the prospectus carefully before investing.

IRADS-6/17

Date post:	23-Aug-2020
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