This Funding Direction should be used by the Account Owner to direct Millennium Trust Company, LLC ("Millennium") to open a marketplace lending investment account on behalf of the Account Owner’s self-directed IRA or other custodial account.
Before signing this Funding Direction, it is your sole responsibility to: (i) thoroughly review the online lending platform’s agreements as well as the Prospectus, Private Placement Memorandum, or other offering documents pursuant to which the loans and notes, (if notes are offered by the platform I have selected) are offered or sold (collectively, “Purchase Agreements”); (ii) determine that you agree to be bound by the terms, representations and acknowledgements in the Purchase Agreements, Custodial Agreement and otherwise made in connection with this Funding Direction; and (iii) have done whatever amount of due diligence as to the investment in the loans and/or notes and the lending platform provider as you determined was necessary or appropriate.
If you select an online lending platform which has not dealt with Millennium previously, Millennium will contact that platform to make the necessary arrangements to have your Millennium Account be recognized as the owner of any loans and notes, while you will have sole authority to place the bids on loans and notes, if offered, for your Millennium Account.