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er of welt 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 DBSI's rights or oolightions under this Agreement without notice to Client. 2. Cash Account. OBSI will classify non Account as a ca
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 Collater
arising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. DEMI engages a third-c any Mitering apent, Pershing. Client understands that Pershing is the custodian of Client's assets, clears and settles all transactions. and extends credit on any margin purchas
. .beneficiary(es). partners). etc. to onphle sych peisonls) to PM any respecuye tax obligations that may arise for such personisl inconnection with Cliem's business relationship with pas': Ntione of Elan Jaeger,. Inc . . Signature of Officer. Parmal. ?Mateo, Autheniail .Print PiarnefeitleJegreY Ei
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
an tinier to soil Securities and Other Property that Client represents Client owns, but which ere not held in the Account et the time of sale, end Cliem felt to make nelhtery by settlenism deed, 13951 hes tire right to ourehetio or borrow any Seeuthies and Other Property necessary to make the require
its Affiliates a security interest in and lion upon all Securities and Other Property in the possession or contrd of DBSI, any of its Affiliates or Pershing, in which Client has an interest (held individual's, jointly or otherwise' (collectively all such Securities and Other Property are referred to hero
ther obligations related to Client's retirement occountISI. S. Authority to Borrow In case of the sale of any security er other property by DOSIot Cliem's direction and 0851's inability to timely deliver the same to the purchaser by reason of Client's failure to supply DB51 therewith, Client authoriz
Entities connected to both Pershing and Cliem