Epstein Secrets

mon with other securities, commodities and other property of DBSI's or Pershing's other clients ler any amount due in any account with DBSI le which Clieht has an interest, or for any greater amount, and DBSI and/or Pershing may do so without retaining in its possession or control for delivery a like a

er of such right or any other right granted hereunder. DB51 retains the right to delegate to its agent, including its clearing agent. Pershing LLC (Pershing), one or more of DBSI's rights or obligations under this Agreement without notice to Client. 2. Cash Account. DBSI will classify each Account as a c

have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien, Pershing may, at any time and without prior notice, sell, transfer; release, exchange, settle or otherwise dispose of or deal with any or all Margin Coirater

, and the services rendered thereunder, are not io:ended to create a joint venture, partnership or other form of business organization of any kind. Pershing shall not be responsible or liable to Client for any aots or omissions of DBSI or its employees. Pershing does not provide investment advice, nor of

mmon with other securities, commodities and other property of DB5I's or Pershing's other clients ler any amount due m any account with DBSI in which Clieht has an interest, or for any greater amount, and OBSI and/or Pershing may do so without retaining in its possession or control for delivery a like a

sclosure which is incorporated herein by reference. 2. Financing. Client understands that the margin transactions in the Account may be financed by Pershing or DBSI. 3. Interest and Costs. Client agrees to pay interest on all sums borrowed and other balances due and costs incurred by Deutsche Bank in ma

have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien, Pershing may. at any time and without prior notice, sell, transfer. release, exchange. settle or otherwise dispose of or deal with any or all Margin Cohgtera

mmon with other securities, commodities and other property of DB5I's or Pershing's other clients ler any amount due m any account with DBSI in which Clieht has an interest, or for any greater amount, and OBSI and/or Pershing may do so without retaining in its possession or control for delivery a like a

sclosure which is incorporated herein by reference. 2. Financing. Client understands that the margin transactions in the Account may be financed by Pershing or DBSI. 3. Interest and Costs. Client agrees to pay interest on all sums borrowed and other balances due and costs incurred by Deutsche Bank in ma

have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien, Pershing may. at any time and without prior notice, sell, transfer. release, exchange. settle or otherwise dispose of or deal with any or all Margin Cohgtera

mmon with other securities, commodities and other property of DB5I's or Pershing's other clients ler any amount due m any account with DBSI in which Clieht has an interest, or for any greater amount, and OBSI and/or Pershing may do so without retaining in its possession or control for delivery a like a

sclosure which is incorporated herein by reference. 2. Financing. Client understands that the margin transactions in the Account may be financed by Pershing or DBSI. 3. Interest and Costs. Client agrees to pay interest on all sums borrowed and other balances due and costs incurred by Deutsche Bank in ma

have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien, Pershing may. at any time and without prior notice, sell, transfer. release, exchange. settle or otherwise dispose of or deal with any or all Margin Cohgtera

ct any and all amount(s) due to DBSI or Pershing. 16. Receipt of Margin Disclosure. Client hereby acknowledges receipt'of the Merlyn 0iscloeuie end Clieht acknowledges Client's understanding of and agreement to the contents thereof. 12W/10-0573 12 012105011113 CONFIDENTIAL - PURSUANT TO FED. R. CRI

e considered a waiver of the right to sell or buy without demand or notice as provided herein. Client further understands and agrees that if DBSI or Pershing permits Client a period of time in which to satisfy a call, the granting of that period of time shall not in any way wane or diminish the riaht of D

: (II orders for the purchase or sale of Securities end Other Rroperty on margin or.otherwiet and III) any other Instructions concerning Acctxrder. Clieht hitter undetstands that the contract betWeen DBSI and Pershing, end the services rendered thereunder, are nor iotended to create a joint venture pen

ty arising from the execution of trunsoother based on such Instruotions. 12. Role of Conant -ftsfrd Potties. ons1engrges a thInfmatty leering agent. Pershing. Client understands that Pershing Is the custodian of Client's insets, clears and settles en trensections. end extends credit on any margin purchase