Member Account Events: Death or Bankruptcy

Dealing with the death or bankruptcy of an addy member? Please follow this guide to understand the process.

This notice outlines the procedures followed by addy Dealer Corp. (“addy”) when notified of the death or bankruptcy of a member account holder. These procedures ensure compliance with securities regulations, anti-money laundering obligations, and fiduciary standards.

1. Death of a Member

1.1 Account Freeze

Upon notification of a member’s death, the member’s addy account will be immediately frozen. No transactions, redemptions, or transfers will be permitted until the verification and transfer process has been completed.

1.2 Administrative Fee and Process Initiation

Before any review or processing begins, addy requires payment of a one-time Administrative Fee of $250.
This fee covers the cost of file setup, identity verification, and administrative handling of the estate process.

addy will not commence documentation review or processing until this fee has been received.

1.3 Required Documentation

Once the administrative fee has been paid, the executor, trustee, or legal representative must provide the following documentation to support@addyinvest.com:

• A certified copy of the death certificate;

• Proof of identity for the executor, trustee, or beneficiary;

• A probated will (the will must be formally probated before any ownership transfer may proceed); and

• Any additional documentation reasonably required by addy to verify the request.

All materials will be reviewed by addy’s Chief Compliance Officer (“CCO”) or designate before further action is taken.

1.4 Estate Account or Transfer to Beneficiary

Once verification is complete, addy will coordinate with the issuers of the invested entities to recognize the legal representative or estate as the holder of the deceased member’s securities.

The executor or trustee may then elect one of the following options:

1. Retain the securities in an account held in the name of the estate.
   The estate account will continue to hold the investments and receive any distributions payable to the estate.

2. Transfer the securities to a beneficiary or other designated party.
   If a transfer is requested, a Share Transfer Administration Fee of $100 per transfer instance will apply for each invested entity in which the deceased member held securities.

All applicable transfer fees must be paid in advance of any change in registration. addy will then coordinate with each issuer to authorize and record the transfer, and will establish a new account for the transferee where applicable.

Upon completion, the new account holder will be provided with login credentials and may connect a bank account to receive distributions.

1.5 Account Closure

Once all transfers or estate account designations have been finalized, the deceased member’s original account will be closed.
addy will issue a written confirmation summarizing the actions taken and fees applied.

2. Bankruptcy of a Member

2.1 Account Freeze

Upon notice or documentation confirming a member’s bankruptcy, the member’s account will be immediately frozen. No transactions, redemptions, or transfers will be permitted until verification is complete.

2.2 Administrative Fee and Process Initiation

A one-time Administrative Fee of $250 is required before any review or processing of a bankruptcy file begins.
This fee covers trustee onboarding, account creation, and identity verification.

addy will not review or process any bankruptcy documentation until this fee has been received.

2.3 Required Documentation

The trustee in bankruptcy, receiver, or court-appointed representative must submit:

• A copy of the bankruptcy court filings or trustee appointment order;

• Proof of identity for the trustee or representative; and

• Any additional documentation reasonably required by addy.

All submissions are subject to review and approval by the CCO.

2.4 Trustee Account or Transfer

Following approval, the trustee may:

1. Retain the securities in an account held in the name of the bankruptcy estate or trustee, which will continue to receive applicable distributions; or

2. Transfer the securities to another authorized party, subject to a Share Transfer Administration Fee of $100 per transfer instance for each invested entity.

Once fees are paid, addy will coordinate with the issuers to execute the transfers and record the new holder.
A written confirmation will be provided upon completion, and the bankrupt member’s original account will then be closed.

3. Forfeiture of Securities

If (i) the required administrative or transfer fees are not paid, or (ii) the cost of transferring the securities exceeds their value, the executor, beneficiary, or trustee may elect to forfeit the securities.

Upon forfeiture, all rights and claims to the affected securities are extinguished, and the issuer may treat such securities as cancelled and no longer outstanding. Written confirmation of forfeiture will be provided where applicable.

4. Key Conditions

• The Administrative Fee must be paid before any document review or will assessment occurs.

• A probated will is mandatory prior to any estate-related transfer.

• Beneficiaries and trustees may choose to retain the securities under the estate account or transfer them to another party, which will incur the applicable transfer fees.

• addy does not provide legal, estate, or tax advice. Actions are taken solely upon receipt of verified legal documentation.

• All procedures are subject to securities and anti-money laundering regulations.

• Fees are non-negotiable and must be paid prior to execution of any share transfer.

5. Contact

All notifications and documentation must be submitted to:
support@addyinvest.com