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Upgrade Your Vanguard Brokerage Account to a Vanguardadvantage

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Form VAACFPC<br />

3. Authorization of All <strong>Account</strong> Owners<br />

Sign here.<br />

All those listed in<br />

Section 1 (except<br />

minors) must sign<br />

exactly as the<br />

account is<br />

registered.<br />

If additional<br />

signatures are<br />

required, attach an<br />

additional sheet.<br />

If you do not have<br />

a postage-paid<br />

envelope, mail <strong>to</strong>:<br />

For registered or<br />

certified mail, or<br />

overnight delivery,<br />

mail <strong>to</strong>:<br />

><br />

><br />

><br />

Read the points in this section carefully, and sign below exactly as listed in Section 1.<br />

By signing this <strong>Brokerage</strong> <strong>Account</strong> <strong>Upgrade</strong> <strong>to</strong> <strong>Vanguard</strong>Advantage <strong>Account</strong> Application Agreement<br />

(Application Agreement), You acknowledge that:<br />

<strong>Vanguard</strong>Advantage <strong>Account</strong> Services Agreement<br />

You consent and agree <strong>to</strong> be bound by all terms and conditions of the <strong>Vanguard</strong>Advantage<br />

<strong>Account</strong> Services Agreement in the Disclosures Booklet, and acknowledge receipt of a copy of<br />

such agreement. You acknowledge that <strong>Vanguard</strong> reserves the right <strong>to</strong> revoke checkwriting and<br />

debit card privileges at any time without prior notice.<br />

You have read and accept the most recent <strong>Vanguard</strong> <strong>Brokerage</strong> Services Commission and Fee<br />

Schedules, which You agree may be changed by <strong>Vanguard</strong> <strong>Brokerage</strong> from time <strong>to</strong> time.<br />

<strong>Vanguard</strong>Advantage Checkwriting Privileges<br />

You acknowledge that the <strong>Vanguard</strong>Advantage account allows You <strong>to</strong> write checks (subject <strong>to</strong><br />

the conditions listed in the <strong>Vanguard</strong>Advantage <strong>Account</strong> Services Agreement) <strong>to</strong> redeem any<br />

amount of <strong>Your</strong> available balance. You further acknowledge that <strong>Your</strong> name and address will<br />

appear on <strong>Your</strong> checks exactly as they appear on <strong>Your</strong> <strong>Vanguard</strong>Advantage account registration,<br />

and that <strong>Your</strong> check range will begin with number 101.<br />

You understand that <strong>Vanguard</strong>Advantage checks will replace any existing checks for <strong>Your</strong> money<br />

market settlement account. Once You receive <strong>Your</strong> <strong>Vanguard</strong>Advantage checkbook, You will<br />

destroy any existing checks.<br />

Note: Only one signature is required on the checks—even if <strong>Your</strong> <strong>Vanguard</strong>Advantage account is set<br />

up <strong>to</strong> require more than one signature. See Section 5 of the <strong>Vanguard</strong>Advantage <strong>Account</strong> Services<br />

Agreement for more details.<br />

Margin Agreement<br />

Important: This applies <strong>to</strong> account owners who have applied for overdraft protection through margin<br />

on their accounts.<br />

1. You are applying for authorization <strong>to</strong> borrow money from <strong>Vanguard</strong> <strong>Brokerage</strong> Services using <strong>Your</strong><br />

assets as collateral. By signing this <strong>Account</strong> Application, You acknowledge that You have received<br />

and read a copy of the <strong>Vanguard</strong> <strong>Brokerage</strong> Margin <strong>Account</strong> Agreement (Margin Agreement), Margin<br />

Disclosure of Credit Terms and Policies, and the Initial Margin Risk Disclosure Statement. Please<br />

read all of these enclosed documents carefully.<br />

2. You acknowledge receiving a copy of the Margin Agreement. The Margin Agreement<br />

contains a predispute arbitration clause highlighted in sections 9 and 10 on page 2.<br />

By signing this <strong>Account</strong> Application, You agree <strong>to</strong> be bound by the terms of the<br />

Margin Agreement.<br />

<strong>Account</strong> Owner’s Signature Date mm/dd/yyyy<br />

Joint <strong>Account</strong> Owner’s Signature Date mm/dd/yyyy<br />

Mailing Information<br />

Mail your completed form and any attached information in the enclosed postage-paid envelope.<br />

Important: Return only pages 1–3 of this form.<br />

<strong>Vanguard</strong> <strong>Brokerage</strong> Services<br />

P.O. Box 1170<br />

Valley Forge, PA 19482-1170<br />

<strong>Vanguard</strong> <strong>Brokerage</strong> Services<br />

455 Devon Park Drive<br />

Wayne, PA 19087-1815<br />

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