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. . . ~ (b) Each Participant shall own an undivided beneficial interest in the Pool's assets which shall consist of the proportional amount that each Account of such Participant bears to the total amount of all Participants' Accounts. (c) Unique identifying information shall be assigned with respect to each Account The Participant hereby agrees that such identifying information shall be required to implement any deposit to or withdrawal from the Participant's Account The confidentiality of such identifying information shall be maintained by the Pool. Section 4.03 Information Statement. (a) The Information Statement shall, among other things, describe in detail the procedures required to effect deposits to and withdrawals from the Pool. (b) Each Participant agrees to and accepts all of the provisions of the Information Statement, as in effect on the date it enters into this Agreement and as the same may be amended from time to time. Section 4.04 Reports. The Pool shall submit a written report at least once per month to each Participant Such report will indicate: (1) the balance in each Account of a Participant as of the date of such report, (2) yield information, and (3) all account activity since the previous report. ARTICLE V Pool Assets Section 5.01. Pool Investments. Pool assets shall be invested and reinvested by the Pool only in Authorized Invesbnents in accordance with the Statement of Invesbnent Policy. Section 5.02. Custody. All money, invesbnents and assets of the Pool shall be held in the possession of the Custodian. Section 5.03. Pool Valuation and Allocation to Participants. Total assets of the Pool, including invesbnent earnings thereon, will be valued and allocated to Participants' Accounts on a pro rata allocation basis as further described in the Information Statement ARTICLE VI Miscellaneous Section 6.01. Severability. (a) If any provision of this Agreement shall be held or deemed to be illegal, inoperative or unenforceable, the same shall not affect any other provisions contained herein or render the same invalid, inoperative or unenforceable to any extent whatsoever. (b) Any participation in this Agreement or transfer of assets to the Pool that is not qualified for any reason shall not terminate this Agreement or the participation of other Participants or otherwise adversely affect the Pool. Section 6.02. limitation of Rights. This Agreement does not create any right, title or interest for any person other than the Participants and any person who has a contract to provide services to the Pool, and nothing in or to be implied from this Agreement is intended or shall be construed to give any other person any legal or equitable right, remedy or claim under this Agreement * 12 *