Amendments to the Following Account Agreements

January 1, 2023

Dear Investor,

This document highlights certain changes to the January 2023 versions of the following seven Account Agreements: Schwab One^® Account ("Schwab One^®"), Schwab Account ("Schwab Account"), Schwab Individual Retirement Account and Education Savings Account ("Schwab IRA and ESA"), Schwab 403(b)(7) Account ("Schwab 403(b)(7)"), Schwab Retirement Plan Brokerage Account ("Schwab RPB"), Schwab Individual 401(k) Account ("Schwab Individual 401(k)"), and Schwab Global Account™ ("Schwab Global").

These amendments, which include both changes to and clarifications of existing language, apply to individual investor accounts and accounts managed by independent investment advisors, unless otherwise noted. Effective immediately, these amendments and clarifications replace and supersede all previously published portions of the Account Agreements to which they apply. In the event of any inconsistency or conflict between the terms of these amendments and clarifications and the terms of your existing Account Agreement(s), the terms set forth in this document govern.

Please review this document carefully.

If you have questions about the information contained in this document or about any of our products and services, call your Schwab representative at 1-800-435-4000. If your account(s) is managed by an independent investment advisor, please contact your advisor directly or call Schwab Alliance at 1-800-515-2157. International clients, call +1-415-667-8400.

For a current copy of your Account Agreement, please visit schwab.com. If your account is managed by an independent investment advisor, visit schwaballiance.com. International clients, visit international.schwab.com. U.K. or Swiss clients, visit schwab.co.uk.

Schwab 403(b)(7) Account Agreement, Account Agreement, Schwab Individual 401(k) Account Agreement, Schwab, IRA and ESA Account Agreement, Schwab One® Account Agreement, Retirement Plan Brokerage Account Agreement (QRP/Keogh, SEP-IRA, SIMPLE IRA), Charles Schwab & Co., Inc. Individual Retirement Plan (Traditional and Roth IRA), Charles Schwab & Co., Inc. SIMPLE Individual Retirement Account

A. References to "affiliated with Schwab" in association with Bank Sweep were removed.
B. References to "an affiliated bank" were changed to "the banks"
C. Under Your Responsibility for Understanding Terms of Securities

Replace:
You are responsible for knowing the rights and terms of your securities, and for taking action to realize the value of your securities. However, if:

• Any such security is about to expire worthless; be redeemed, exchanged, converted, tendered or exercised; or remain at a value significantly less than the value you would have received if you had given us specific instructions; and
• We have not received instructions from you; we may, at our discretion, but are not obligated to, sell, redeem, exchange, tender, convert or exercise the security for your Account. You will be charged a brokerage commission and/or fee for any such transaction.

Note: Although we may take the actions described above, we are not obligated to do so or to notify you of impending expiration or redemption dates. You agree not to hold Schwab liable for any decrease in the value of your securities or other losses resulting from your failure to give Schwab instructions on how to respond to a tender offer, exchange offer or other offer or transaction.

With:
You are responsible for knowing the rights and terms of your securities, and for taking action to realize the value of your securities.