Epstein Secrets

er of such right or any other right granted hereunder. DBSI retains the right to delegate to its agent, including its clearing agent. Pershing LLC (Pershing). one or more of MSC's rights or obligations under this Agracmont without notice to Client. 2. Cash Account. 0651 will classify each Account as a ca

roperty on margin or otherwise, and (ii) any other instructions concerning Account(s). Client further understands that the contract between DOS! and Pershing. and the services rendered thereunder, are not io:ended to create a joint venture, partnership or other form of business organization of any kind.

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 ell Margin Collater

upon Client's failure to pay for purchased and settled securities. DBSI has the right to sell Securities and Other Property held in any of Client's Accounds), and charge to Client any loss resulting therefrom. 6. Sale of Securities. Client agrees that in a cash account: (a) Client will not sell any Secur

ther Property now or hereafter held. carried or maintained by or in the possession of DBSI that have not been fully paid for may be lent to DBSI, to Pershing or to others, and may be pledged, repledged, hypothecated or rehypotheceted without notice to Client, either separately or in common with other Secu

SI is not acting as an Investment adviser (as such term is defined in the Investment Advisers Act of 1940, as amended) with respect to the Client's Accounds). 9. Non-United Staten Resident Additiouel Disclosure and Understanaing. This disclosure a pnlies to noti-Unitod States residents and non-United St

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

t 0851 accepts ate on a beer efforts bast only. 10. Aggregation cif Orders arid Average Prices. Clint authorizes 0051 to egg:opine elders for Cried; Accounds) with Other orders. Client recognizes that In so doing, Client may recorvu an average price ter ordeis Chet may differ from the pricels) Client may