GOLDMAN SACHS FUNDS ACCOUNT APPLICATION INSTRUCTIONS Please follow these instructions to complete the Account Application: Please read the Goldman Sachs Funds Privacy Notice on the following page. Detach and retain for your records. Section 1 Fund Selection: Indicate your selected fund(s) and share class. Indicate whether you are exempt from a sales charge per the Goldman Sachs Fund Prospectus. Section 2 Account Registration: Complete the information requested (all fields are required). If this section is not complete your application may be rejected and the account not opened. Source of Funds and/or Source of Wealth: Please indicate the source of the money you are investing in these funds, e.g., employment compensation, savings or inheritance. Line of business: Please indicate your occupation and/or the type of work you do. Section 3 Residential Mailing Address: Complete the address information requested (all fields are required). Please note that P.O. Boxes will not be accepted – a street address is required. Section 4 Cost Basis Accounting Election Method: If no election is made, your account will be defaulted to the Average Cost accounting method unless invested in the MLP Energy Infrastructure Fund, which defaults to First-In, First-Out (FIFO). The method elected will be used on all accounts established by this application and Future accounts unless a different method is provided. Section 5 Dividend and Distribution Options: If no option is selected, any dividend and capital gain distributions will be reinvested into your account. Section 6 Telephone Exchange and Redemption Privileges: If you DO NOT want the Telephone Exchange Privilege and/or the Telephone Redemption Privilege, please check the appropriate boxes. Section 7 Choose Your Optional Account Privileges: These sections offer features available for a Goldman Sachs Funds account. Please remember to attach a voided check where requested. Section 8 Your Financial Representative Should Complete: This section is to be completed and signed by your Financial Representative. Section 9 Customer Identification Program: To help the government fight the funding of terrorism and money laundering, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each registered owner of an account. As a result, the required fields on this application must be completed or your application may be rejected and your account not opened. Section 10 Signature and Certification: Account owner(s) should sign authorizing the account(s) to be established and certifying their Tax Identification Number(s). The Checkwriting Privilege may be selected in this section for the money market funds only. Section 11 Return Instructions: Mailing Instructions to be used when returning your application. A prospectus for the Fund containing more complete information may be obtained from your authorized dealer or from Goldman, Sachs & Co. by calling 1-800-526-7384, Monday through Friday 7am-5:30pm CST. Please consider a fund’s objectives, risks, and charges and expenses, and read the prospectus carefully before investing. The prospectus contains this and other information about the Fund. Asset Management Goldman, Sachs & Co., is the distributor of the Goldman Sachs Funds. Copyright 2007 Goldman, Sachs & Co. All Rights Reserved. Date of First Use: April 2011 GSAMAPP-AC-02-16V1 PRIVACY NOTICE (Applicable only to individual, joint, and individual retirement account (IRA) investors) The Goldman Sachs financial services companies endeavor to maintain the highest standards of confidentiality and to respect the privacy of our client relationships. In that regard, we are providing this Privacy Notice to our clients in accordance with Title V of the Gramm-Leach-Bliley Act of 1999 and its implementing regulations. This notice supplements any privacy policies or statements that we may provide in connection with specific products or services. The Information We Collect About You. The non-public personal information we collect about you (your “Information”) comes primarily from the account applications or other forms you submit to us. We may also collect Information about your transactions and experiences with us, our affiliates, or others relating to the products or services we provide. Also, depending on the products or services you require, we may obtain additional Information from consumer reporting agencies. Our Disclosure Policies. We do not disclose your Information to anyone, except as permitted by law. This may include sharing your Information with non-affiliated companies that perform support services for your account or process your transactions with us or our affiliates. It may also include sharing your Information with our affiliates to bring you the full range of services and products available from the Goldman Sachs family of financial services companies, including our U.S. and international brokerage, asset management, advisory, and trust services companies. Additionally, it may include disclosing your Information pursuant to your express consent, to fulfill your instructions, or to comply with applicable laws and regulations. Our Information Security Policies. We limit access to your Information to those of our employees and service providers who are involved in offering or administering the products or services that we offer. We maintain physical, electronic, and procedural safeguards that are designed to comply with federal standards to safeguard your Information. If our relationship ends, we will continue to treat your Information as described in this Privacy Notice. This notice is being provided on behalf of the following affiliates of The Goldman Sachs Group, Inc.: Goldman Sachs Asset Management, L.P. Goldman Sachs Asset Management International GS Investment Strategies, LLC Goldman Sachs Hedge Fund Strategies, LLC The family of funds managed by the affiliates listed above. PNV1877PA00076984 Goldman Sachs Funds & Account Application Please print all information. 1 FUND SELECTION (Please see Fund’s Prospectus for fund minimums and fund maximums). Invest Contributions to my Account as follows: Core & Growth Equity Funds Capital Growth Concentrated Growth Dynamic U.S. Equity Flexible Cap Growth Focused Growth Growth Opportunities Large Cap Growth Insights Rising Dividend Growth Small Cap Equity Insights Small Cap Growth Insights Small/Mid Cap Growth Strategic Growth Technology Opportunities Fund ℠ U.S. Equity Dividend and Premium U.S. Equity Insights Fund # 807 1528 3619 3280 3822 1129 851 3827 71 2679 2516 1124 1179 2528 817 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Amount # _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ Value Equity Funds Focused Value Growth and Income Large Cap Value Large Cap Value Insights Mid Cap Value Small Cap Value Insights Small/Mid Cap Value 4007 814 1213 456 78 2683 3922 $ $ $ $ $ $ $ Emerging Markets & International Equity Funds Asia Equity Emerging Markets Equity Emerging Markets Equity Insights Focused International Equity International Equity Dividend and Premium International Equity Insights International Small Cap Insights Strategic International Equity N11 880 831 3167 815 3295 73 3170 2675 3800 Tax-Aware Portfolios Enhanced Dividend Global Equity Portfolio International Tax-Managed Equity Tax-Advantaged Global Equity Portfolio U.S. Tax-Managed Equity Fixed Income Funds Bond Fund Core Fixed Income Dynamic Emerging Markets Debt Dynamic Municipal Income Emerging Markets Debt Enhanced Income Global Income Government Income High Quality Floating Rate High Yield High Yield Floating Rate High Yield Municipal Inflation Protected Securities Investment Grade Credit Local Emerging Markets Debt Short Duration Government Short Duration Income Short Duration Tax-Free Strategic Income U.S. Mortgages Goldman Sachs Technology Opportunities Fund℠ is a service mark of Goldman, Sachs & Co. Class A 1 Class C Fund # 837 1530 3520 3281 3823 1131 853 3828 81 2681 2518 1126 1181 2529 847 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Amount # _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ 4008 844 1215 471 80 2685 3923 $ $ $ $ $ $ $ _________________ _________________ _________________ _________________ _________________ _________________ _________________ $ $ $ $ $ $ $ $ $ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ 850 833 3168 845 3296 83 3171 2677 3801 $ $ $ $ $ $ $ $ $ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ 3322 3292 3320 1250 $ $ $ $ _________________ _________________ _________________ _________________ N/A 3293 N/A 1252 $ $ $ $ _________________ _________________ _________________ _________________ 2670 811 3888 816 2050 1996 818 812 677 808 3707 1255 3153 2054 3285 809 3832 810 3712 2052 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ 2672 841 3889 846 2609 N/A 848 842 N/A 838 3708 1257 3154 N/A 3286 839 3833 840 3713 N/A $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ CONTINUED Goldman Sachs Funds & Account Application (Continued) 1 FUND SELECTION (Please see Fund’s Prospectus for fund minimums and fund maximums). Portfolio Solutions Absolute Return Multi-Asset Balanced Strategy Equity Growth Strategy Growth and Income Strategy Growth Strategy Income Builder Multi-Asset Real Return Fund Satellite Strategies Class A Fund # 4003 76 77 74 75 70 3894 2400 $ $ $ $ $ $ $ $ Amount # _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ 3275 2673 3624 3938 4011 3911 3917 3947 2617 3817 3870 3881 72 $ $ $ $ $ $ $ $ $ $ $ $ $ _______ _______ _______ _______ _______ $ $ $ $ $ Alternative and Other Funds Absolute Return Tracker Commodity Strategy Dynamic Allocation Fund Dynamic Commodity Strategy Global Real Estate Securities Fixed Income Macro Strategies Long Short Credit Strategies Long Short Fund International Real Estate Securities Managed Futures Strategy MLP Energy Infrastructure Multi-Manager Alternatives Fund Real Estate Securities Money Market Portfolios/Other ________________________________ _________________________________ _________________________________ _________________________________ _________________________________ Class C Fund # 4004 86 87 84 85 830 3895 2401 $ $ $ $ $ $ $ $ Amount # _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ 3276 2674 3625 3939 4012 3912 3918 3948 2618 3818 3871 3882 82 $ $ $ $ $ $ $ $ $ $ $ $ $ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _______ _______ _______ _______ _______ $ $ $ $ $ _________________ _________________ _________________ _________________ _________________ 2 ACCOUNT REGISTRATION (Check one) A. Individual Owner Owner’s First Name (Required) M.I. Joint Owner (as Joint Tenants with Rights of Survivorship) Owner’s Last Name (Required) Owner’s Social Security Number (Required) Life of Business/Occupation (Required) i.e. Teacher, Account Owner’s Date of Birth (mm/dd/year) (Required) Co-Owner’s Last Name Co-Owner’s Social Security Number Life of Business/Occupation (Required) i.e. Teacher, Account Co-Owner’s Date of Birth (mm/dd/year) (Required) US Citizen Source of Wealth (Required) i.e. Employment, Investment, Inheritance Co-Owner’s First Name M.I. US Citizen Source of Wealth (Required) i.e. Employment, Investment, Inheritance 2 CONTINUED 2 ACCOUNT REGISTRATION (Continued) B. Uniform Gift/Transfer to Minor Act (UGMA/UTMA) (Please see Fund Prospectus for fund minimums). Minor’s First Name M.I. Minor’s Last Name Minor’s Social Security Number Minor’s Date of Birth (mm/dd/year) Custodian’s First Name M.I. Custodian’s Last Name Custodian’s Social Security Number Custodian’s Date of Birth (mm/dd/year) Source of Wealth (Required) i.e. Employment, Investment, Inheritance Under the Uniform Gift/Transfer to Minors Act State of Minor’s Residence C. The following documents must be attached in good order. C Corporation A certified executed copy of the Articles of Incorporation or government issued business license (omit section 5) S Corporation A certified executed copy of the Articles of Incorporation or government issued business license Partnership A certified executed copy of the Partnership Agreement or government issued business license Trust A copy of the Trust Agreement must be attached 401(k)/403(b) (omit section 5) (Contact the Funds for the proper documents required before submitting this application) Other Name of Corporation, Partnership, Trust, or Other Entity Date of Trust Agreement (if applicable) Federal Taxpayer Identification Number First Name(s) of Beneficiary(s) (if to be included in account registration) M.I. Last Name M.I. Last Name For Trust Accounts only Trustee Name - First Name (if to be included in account registration) Social Security Number Date of Birth Co-Trustee Name - First Name (if to be included in account registration) M.I. Last Name Social Security Number Date of Birth 3 RESIDENTIAL MAILING ADDRESS Required (P.O. Boxes will not be accepted) Street Address Apartment # City Attention (if applicable) State Daytime Phone Number 3 Zip Code Home Phone Number (if different from daytime phone) CONTINUED 4 DIVIDEND AND DISTRIBUTIONS (check one) All dividends and distributions to be reinvested in my account. (This option will B. Bank Name (Foreign Banks will NOT be accepted) All dividends and distributions to be sent by check to me at the address in Name on Account (Third parties will NOT be accepted) apply if no box is checked.) Section 3, “Mailing Address”. All dividends to be sent by check to me at the address in Section 3, ‘Mailing Address‘. Short-term and long-term capital gain distributions to be reinvested in my account. All dividends and distributions to be invested into my existing identically Account Number Bank Street Address registered Goldman Sachs Fund account: Complete Section A All dividends and distributions to be directly deposited via ACH to my bank account: (Attach a voided check.). Complete Section B A. Fund Name City Fund Number State Account Number Bank Telephone Number Name on Account ABA Routing No. Zip Code 5 COST BASIS ELECTION METHOD (Required, except for C Corporations, 401K and 403B plans). The Cost basis method elected below will be used for all accounts established by this application and any future accounts unless a different method is provided. If no election is made, your account will default to the average cost accounting method unless invested in the MLP Energy Infrastructure Fund, which defaults to FIFO. Average Cost: uses the average price of shares as the cost basis. (Note: This option is not available for the MLP Energy Infrastructure Fund.) First-In First-Out (FIFO): oldest shares in the account are redeemed first. Specific Lot: assumes specific shares in an account will be selected by the shareholder each time shares are redeemed. A Secondary cost basis accounting method selection is required. Please note that Average Cost cannot be used as a secondary accounting method. The secondary accounting method will only be used if the lots chosen are no longer available. Secondary Method for Specific Lot: Required (If you do not elect a secondary method for Specific Lot, you will be defaulted to First-In-First-Out.) First In First Out Last In Last Out High Cost Low Cost Loss Gain Utilization Last-In First-Out (LIFO): the newest shares are the first shares in the account to be redeemed. High-Cost: the shares with the highest cost are the first shares in the account to be redeemed. Low-Cost: the shares with the lowest cost are the first shares in the account to be redeemed. Loss/Gain Utilization: This method looks to realize losses before gains consistent with the objective of minimizing taxes. 6 TELEPHONE EXCHANGE AND REDEMPTION PRIVILEGES Unless otherwise indicated below, I authorize Goldman, Sachs & Co. to accept telephone instructions from an y person identifying himself as owner of the account or owner’s broker to: (a) exchange shares of my account for shares of the same class or equivalent class of any other Goldman Sachs Fund; and (b) to redeem shares, without signature guarantee, held in my account. Telephone exchanges and redemptions are subject to the procedures and conditions set forth in the Prospectus. I understand that up to $50,000 in shares may be redeemed by telephone redemption daily. Proceeds which are sent to a Goldman Sachs brokerage account or sent to an authorized account designated on the current records of the Transfer Agent are not subject to the $50,000 limit. Goldman, Sachs & Co. and BFDS each will employ reasonable procedures specified by the Funds to confirm that such telephone instructions are genuine. Neither the Funds, Goldman, Sachs & Co., nor BFDS will be liable for any loss due to unauthorized or fraudulent instructions if such procedures are followed. Telephone privileges may be modified or terminated without notice. Furthermore, I agree to indemnify and hold harmless Goldman, Sachs & Co., BFDS and any Goldman Sachs Fund that may be involved in transactions authorized by telephone against any claim, loss, expense or damage, including reasonable fees of investigation and counsel, in connection with any telephone instructions effected for my account. I DO NOT want the Telephone Exchange Privilege I DO NOT want the Telephone Redemption Privilege Bank Name (Foreign Banks will NOT be accepted) Name(s) on Account (Third parties will NOT be accepted) ABA Routing No. Name(s) on Account Bank Street Address Account Number City Bank Telephone Number State Zip Code 4 CONTINUED 7 OPTIONAL ACCOUNT PRIVLEGES A. AUTOMATIC INVESTMENT PLAN Optional (minimums may apply, see corresponding prospectus for requirements) (please attach voided check) Type of account (check one): Checking Savings I authorize State Street Bank, or JP Morgan the custodian for the Fund(s), to debit the amount requested below from my bank account for investment in the Fund(s) beginning in (month) and periodically thereafter. I understand that my participation in the Automatic Investment Plan is subject to the terms and conditions of such Plan as amended from time to time. Frequency of investment (check one): Investment date: Monthly Quarterly Select any date between (and including) the 3rd and the 26th. If no investment date is selected, your account will be debited on the 15th of the month. Fund Name Fund Number Initial Investment) ($250 Initial minimum $50 subsequent minimum) Class $ $ Bank Name (Foreign Banks will NOT be accepted) Name(s) on Account (Third parties will NOT be accepted) ABA Routing No. Account Number Bank Street Address Bank Telephone Number City State Zip Code Authorized Signature (as shown on bank records) 2nd Authorized Signature (if joint account both must sign) B. SYSTEMATIC WITHDRAWAL PLAN Optional Please note: Withdrawals will use the cost basis accounting method as elected on your account(s). I would like to receive systematic payments.* Frequency of withdrawals (check one): Make payments via (check one): Check Payment Date (check one): Monthly Check 15th or Quarterly ACH (Attach voided check) 25th Month Begin withdrawals: Payments made via ACH will be withdrawn from your account(s) on the…………..day of the month. Select any date between (and including) the 3rd and the 26th. If no date is selected, redemptions from your account will be made on the 25th of the month. (ACH payment may take up to 3 business days to post to your account.). Select any date between (and including) the 3rd and the 26th. If no date is selected, redemptions from your account will be made on the 25th of the month. (ACH payment may take up to 3 business days to post to your account.) Payments should be from Fund Name Fund Number in the amount of $ or % ($50 minimum) in the amount of $ or % ($50 minimum) *See the Fund’s Prospectus for more information concerning systematic withdrawal plans. Complete the following section if withdrawal payments are to be made via ACH and attach a voided check. (Bank registration must match fund/account registration.) Bank Name (Foreign Banks will NOT be accepted) Name(s) on Account (Third parties will NOT be accepted) ABA Routing No. Account Number Bank Street Address Bank Telephone Number City State Zip Code 5 CONTINUED C. AUTOMATIC EXCHANGES Optional (From and to account registrations must be the same) (exact dollars – $50 minimum): I hereby authorize automatic exchanges of $ The receiving Fund must meet the funds minimum requirement. See corresponding prospectus for fund minimums. Fund Name Find Number Fund Name Exchange from Fund Number to Month Year Please make exchanges on the 15th of the month (or next business day) beginning Name(s) on Account , Account Number(s) D. AUTOMATIC EXCHANGES Optional (Class A or C Shares of any Goldman Sachs Funds may be combined under Rights of Accumulation) If you previously purchased Class A Shares of a Goldman Sachs Fund on which you paid a sales charge, you may qualify for a reduced sales charge on this purchase. See the Prospectus and Statement of Additional Information for aggregation criteria. List below account(s) which should be aggregated for a right of accumulation. Attach an additional page if necessary. Owner’s First Name M.I. Owner’s Last Name Fund Name Fund Number Account Number and/or Social Security Number Owner’s First Name M.I. Owner’s Last Name Fund Name Fund Number Account Number and/or Social Security Number E. STATEMENT OF INTENTION Optional (Class A Shares only; Does not apply to Money Market Accounts) I intend to invest, over a 13-month time period, at least the amount checked below in Class A Shares of the Goldman Sachs Funds. If I do not invest this amount, I agree to pay the higher applicable sales charge on my investment and authorize the Transfer Agent to redeem Class A Shares in my account for this purpose. $50,000 $100,000 $250,000 $500,000 $1,000,000 F. IF YOU DO NOT CHOOSE A FUND, PURCHASES WILL BE IN THE FST-PRIME OBLIGATIONS PORTFOLIO SERVICE UNITS. IF YOU DO NOT CHOOSE A SHARE CLASS, PURCHASES WILL BE FOR CLASS A SHARES OF THE FUND CHOSEN. A check in the amount of $_______________________ is enclosed. Make check payable to the Goldman Sachs Fund in which you are investing (or if you are investing in more than one Fund, to Goldman Sachs Trust). If your order was placed through a broker, fill in: Order number __________________________________________ Date of order ________________________________________ I certify that I am exempt from the sales charge in accordance with the terms of the applicable Fund’s Prospectus and I agree to notify Goldman, Sachs & Co. at or prior to purchase if I am no longer eligible for exemption. Reason for exemption _______________________________________________________________________________________________________________________________ 8 YOUR FINANCIAL REPRESENTATIVE SHOULD COMPLETE THIS SECTION Required To receive the appropriate dealer re-allowance(s) and distribution and service fees, this section must be completed. Branch Office Address Branch Number Name of Dealer Firm / NSCC Dealer Number Branch Phone Home Office Address City State City Zip Code Registered Rep’s Name State Register Rep’s Number Zip Code Register Rep’s Signature Firm Account Number (Broker Identification Number, BIN) Check if applicable only: The account is for Class A Shares that are eligible to be sold at NAV with a commission payable to certain Authorized Dealers. Reason____________________________________________________________________________________________________ (required) 6 CONTINUED 9 CUSTOMER IDENTIFICATION PROGRAM Important Information About Procedures for Opening a New Account To help the government fight the funding of terrorism and money laundering, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each registered owner of an account. In some cases, Goldman Sachs Funds may also take additional steps to verify the identities of individuals with authority or control over the registered owner, including person(s) able to effect securities transactions on behalf of the registered owner. What this means for you: When you open an account, Goldman Sachs Funds will ask for the registered owner’s name, address, and identification number and other information that will allow us to identify the registered owner, and Goldman Sachs Funds may ask for similar information re garding individuals with authority or control over the registered owner. Goldman Sachs Funds may also ask to see go vernment-issued identifying documents. To the extent permitted by applicable law, Goldman Sachs Funds reserves the right (i) to place limits on transactions in any account until the identity of the investor is verified; or (ii) to refuse an investment in the Funds or (iii) to involuntarily redeem an investor’s shares and close an account in the event that the Funds are unable to verify an investor’s identity. 10 SIGNATURE AND CERTIFICATION Required (All registered owners must sign) You are required by law to provide the Funds with your correct Social Security or other Taxpayer Identification Number (TIN). Failure to do so and to complete this section may subject you to penalties and result in backup withholding at the current required rate of fund distributions or other payments. If you do not have but are applying for a TIN, write “Applied For” in the space provided for your TIN and forward the required certifications within 60 days. Backup withholding could apply to payments relating to your account prior to the Fund’ s receipt of your TIN and required certifications. If you are an exempt recipient, please furnish your TIN and write “Exempt” after your signature. Exempt recipients include but are not limited to: corporations, tax-exempt pension plans and IRA plans, governmental agencies, financial institutions, registered securities and commodities dealers and others. If you are a non-resident alien or foreign entity, write “NRA” after your signature and provide a completed Form W-8 to the Fund in order to avoid backup withholding on certain payments. I certify under penalties of perjury that: (1) The number shown on this form is my correct TIN (or I am waiting for a number to be issued to me), and (2) I am not subject to backup withholding because (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, and (3) I am a U.S. person (including a resident alien). You must cross out part (2) above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. The IRS does not require your consent to any provisions of this document other than the certifications required to avoid backup withholding. I represent that: I have the authority to make the investment designated in this Application; I am acting for myself or in a fiduciary capacity in making this investment; and I have received and reviewed a current prospectus for the Fund(s). I UNDERSTAND THAT NON-MONEY MARKET FUNDS DO NOT MAINTAIN A CONSTANT NET ASSET VALUE AND THAT A CONSTANT NET ASSET VALUE IN MONEY MARKET FUNDS IS NOT GUARANTEED. AS A RESULT, I MAY EXPERIENCE A LOSS ON MY INVESTMENT. I acknowledge that Class B Shares held for less than six years, Class C Shares held for less than 12 months, and certain purchases of $1 million ($500,000 for the Short Duration Tax-Free and Short Duration Government Funds) or more of Class A Shares are subject to a contingent deferred sales charge on redemption, as explained in the Prospectus. Unless otherwise indicated below, I consent to the delivery by the Goldman Sachs Funds of one copy of each prospectus, shareholder report, proxy statement and (if and when permitted by law) other information to all shareholders who now or hereafter share the same mailing address as this account. This consent will become effective when my account is opened and will continue thereafter indefinitely, unless I revoke my consent, in which case I will begin to receive individual copies within 30 days. Check here only if you do NOT consent to the delivery provisions immediately above. CHECKWRITING PRIVILEGES (for FST Money Market Fund accounts only) I have invested in the FST Prime Obligations Portfolio Service Units* *Checkwriting is not available for FST Prime Obligations Fund Class B or Class C Units. IF MORE THAN ONE SIGNATURE FOR CHECKWRITING PRIVILEGES IS REQUIRED, CHECK BELOW: Check here if one signature is required on checks. Check here if more than one signature is required. Number Required INTERNAL USE ONLY _______________________ Account Number CHECKWRITING PRIVILEGES SUBJECT TO CONDITIONS BELOW In signing this Application, the signator(s) signifies his/her agreement to be subject to the rules and re gulations of State Street Bank and Trust Company pertaining to the Check Writing Privilege and as amended from time to time and subject to the conditions set forth in the Prospectus. Signature of Owner, Custodian or Officer Print Name Date Print Name Date E-mail Address Signature of Co-Owner, Custodian or Officer E-mail Address 11 RETURN INSTRUCTIONS Please mail to: GOLDMAN SACHS FUNDS, P.O. Box 219711 Kansas City, MO 64121-9711 Overnight mail: GOLDMAN SACHS FUNDS, 330 West Ninth Street, 4th Fl. Kansas City, MO 64105 For assistance completing this application, please contact the Client Service team at 1-800-526-7384, Monday through Friday 7:00AM to 5:30PM Central. 7