EFTA01392932

Risks, Prohibitions and General Information Concerning Option Trading I understand that options transactions involve a high degree of risk and offer no guarantee of gain or assurance against loss. Ace:tangly. I understand that poor to engaging in any option transaction, shade revelre my present finance, situation and deco mem whether it ic advisable to incur the risk of toss associated with that particular investment. 1 1 understand that Allan I engage es option trading I expose cnYfelf 10 Gamin Preentialy Substantial financial risks in addition to those identified on the front side 01 this form underThe heading tsent(s) Strategy RequeSts." inducting d, not limited in the following. - I understand phut 1 thOuld not bur an Onion unless I arn able to sustain a tote loss of the premium and transactien mein - It I sell (write) covered options, I understand that I may 'aim partkipa tire in capital wins but mean risk of participation n capital losses in the underlying security I understand thin if an ensue* * asegned to int I They be lorced to liquidate my marine in the anderlying security at a time wbich trey be unfavorable el me. I also understand that l should net ad (voile) a COMMO rat OptiOn unless I am prepared to deliver lhe underlying security (a a security convertible, exchangeable, a exercisable into such cede/hang security) tete the exercise dile option. — R I sell (write) uncovered (naked oedema disk substantial capital lens,, and to the audio, that. the market price d the underlying Security increases above the strike pace decal or decreases below the strike poop of a put. If an exercise is assigned to me. it will, in all Ekelihood. be at a line which will force me to amine stint a capital lest. I understand that I should not see fennel a put option a an uncovered fee option, especially an codes Oaten. unless I am ablate sustain ententiallY ungrated lenaJrt - I am aware that various laclOrS nay affect the price of an option contract. such as the relationship between die exercise prim and market price of the underlying security. the time period remaining until the option expires. and the price fluctuation or other characteristics of the underlying security. - I em aware that the respective option exchanges ("Exchanges') may in their discretion and from time to time. restrict frensactioris in particular options or the exercise ol option cnnuals in too intern of mentaining a fair and orderly market in option contracts or in the uixlerlyinti security. for the protection of investors. I understand that I may rim be able to dose a position in the event that a secondary market in the option ceases to exist a the Mbar; exchange restrids Or suspends trading in the option. - leen await that the titchanges have established restrictions on ratan opening purchase and sae transactions en the Exchanges which on cauldron to be remitted Cakes 2. I understand and agree that my account(s) with Deutsche Bank Securities Inc. (also relayed to herein as 'Deutsche Bank Alex. Brown') will be handled in accordance with the ides of the Financial Industry Regulatory Authority rl-PIRA- 1 and the Excharxics on which listed epode are traded and el the Options Clearing Casiortition ("OCC"), ale expressed in its preepedus. I am aware cd and agree to be bound by soil nets. In arradence with such rules: — I will not attempt to acre*e at any time, either by myself a in concert with loan. a Manias in excess of the limits prescribed Iron, time to time by the Exchanges. For the mama of computing such lima I understand that mull long call (therm and Snort put avian of the mire underlying pock must be added lo compute the position gm& geeilanY, total long put Carom and sheet call options of the same underlying stock mint be added to compute the position limit — hell not attempt to exercise, either by myself a in concert with others. during any period of five consecutive business clays. a quantity In freatt4 of the emit ternentied by the Facherner. - I understand that it founts in sriolatirin of other the proration knit pr me exercise limit I may tie seised to sanctions imposed oy to Exchaege involve, and dirt these sanctions may include liquidation at the palters in violation. 3. handcrafted that Deutsche Bank Na Brown has polities which may be mote restrictive than a impose regemnonts in addition to these of the Exchanges. FINRA a the New York Stock Exchange. I agree In abide by such policies as a condition of doing business with Deutsche Bank Alex. Brown. I limb/stand that those poricies chide but are rot limited to the fillowng — Sentiment dale for all option trades is the burgess day following trade date Notwitteendeil this provision. Deutsche Balk Alex Brown may. In its discretion elect not to accept purchase orders in options unless cash equal to the purchase price has first been deposited in my account and may elect not in acted opening sect orders in options unless I have first deposited in my account either the required margin a unrestrided negotiable shares of the underlying stork in an amour specified by Meisel* Bank Aka. Drown. - e. samisen* Bank Alex. Brown may refuse orders to trade options in my account it there are restrictions against my account including restrictions rogarting trading in the undnitYld/ SOCunlY. Or tor any NNW MaSen, al nnOreaCriOn. Deutsche Bank Ater- Brown has set Irenall and exercise (Absence which correspond to rthudetts established by the OCC end will accept Td tesdn'tnleY for eceidelion of orders entered by clients arta emu deadline. — Margin either is cash a securities. posted by me aping short option positions. may not be included. in my margin amount equity a interest corodnalidcl Deutsche Bat Mex. Brown any, e rum use these deposes to secure said short poetions with the OCC — Option exorcise noticed assigned to Deutsche Bank Ake. Brown in respect °fashion position in option contracts in customer accounts shall be allocated to customers ol Deutsche Bank Mee. Brown on an automated random faxes I once-pane that if I am assigned, the assignment will be processed as a sale en the thse en act) or 0 asthma (in the case pa), set ino two business days from the date of assignment (except for non-equity mites which settle for rush or the.day of assignment) and that I am obligated to deliver the inclerlpng stock a required cash to Deutsdie Bank sex. Brown no later than settlement date. 4. I understand that their requirements mist in connection with certain options and I agree to meet all noggin calls as meta by Deutsche Rank Max. Brown. I co derstand that Deutsche Book Alex Brown in computing the margin requirements for option positions. may impose a higher margin requirement fa individual option 'amnions than other ifeniStrerell firms, end that Ducawitia Bank Alex Brown veil inform me et its misting margin exasitements for optic." positions upon request. In the eventide not meet margin cats promptly, Deutsche Bank Aka Drown is autierired in its solo diseases ono withoot nollfraginn to roe, to take any and all stops nocescry to mica risen in coonecition with put andlor all transactions made to, any account, including the right to buy andice sea short or short exempt la my account and risk any part a all of the shares regimented by option endorsed by Deutsche Bank Alex. grovel fee my account. or to buy for my account arid rot any puts anCYCW COOS as Deutsche Bank Aim. Brown may deem neoessary la its protection. I Fete agree that any end al enema incurred by Deutsche Doh Mu. Brown in firs coremairsh will be reimbursing bY 5. Tits agreement null VON to MI option sham fa 'WOLK adtnialt whelliewOr not such odes am executed. 6 I understand that options may be Estee on one of more Exchanges and that g no Exchange is specified by me. Deutsche Bank Alm. Brown will use its discretion In routing my miens). 7 I texuby authorize you in your sole discretion Wel with notification to me (or in de event of my death, without notification to redreSentativeS of my reline a to my hairs) wile...—. you deem It necessary la yore protection. to take such action, Including without limitation, to buy. sell or sell short for my accounts) and my risk, puts. calls, or other fours of option* and/or to buy. seg, or sot shat any woad' 01 the underlying seCuritios represened by options endorsed by you for my accourittia Any and all expenses. inchseng. without limitation attorneys tom and their reasonable disbursements incurred by you in connection with such transactions will be mimbursud by me d by my estate. B. You are under no obligation to convey to me any infemation relating to the unclethreg securities covered by an option a any securities related thereto. or any information relating to Options whether such infatuation is then or thhicalier 'mown or available. My InforMatien, advice a notification in respect le My optiOn or any uelerlyiril bellelOCS a sectsiliuS Model* Meant vAliCli yea may give inc and which you aro foot required to givo by the terms of this agreement or any other agreement. expressed or implied, Shall not be construed as dealing art implied agreement or course of dealing between us and shall not impair the 0renerrenof this a any other agreement between let. 9. This agiceThent and its enforcement shall te gcnorned by the laws of the State cil New Vent and its thcreisinos shall be continuous; setae cover an options transactions hereunder. valfter you are acting as beaker or princesel, and all secants. individually end collectively. which I may doers or rencen with you; shell Inure to the benefit Of your present organivatco. its successors and 'deigns; and shall be binding upon me and my estate. executors. administrators and assigns, but no assignment shall release me from any of my obligations hereunder Written notice of revocations of this agreement shall not release either of us from any obligations hereunder arising prior to the actual receipt of such notice by the Other 10. Wheless, any law a regulation is adopted which affects a is inconsistent with any provision hereof. such provision shall be deemed modified or superseded as the rase may be. by such law or regulaticn, and such provisions as so modified or superseded and a ether provisions Need shall in all respects continue in fug force and effect. An Other agreements eructing between us a hercaltor inane Midi, by exiir provisions apply to any °I my transactions and accounts with you. shall ea applicable to any of my Wild* !iamb:bents and amounts where they ere 1101 ah conflict with thh agreement. Should such a coact exist it shall he resolved in favor of this agreement. 0thiswise. the provisions of each agreement shag be applicable. 11. As used herein, "I' and "me' refers to as accoum owners "you' and "Your' refers to Deutsthe Bank Flex. Brown Please. Initial HBie: 7 OPPSMA41127 OM H (05/11) 006404.051011 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0098252 CONFIDENTIAL SDNY_GM_00244436 EFTA01392932