Epstein Secrets

ations based on such instructions. 12. Role of Certain Tbird Parties. DBSI engages a third.Party ales ring agent, Perishing. Client understands that Pershing ie the custodian of Client's assets, clears and settles all transactions, and extends credit on any margin purchases. where applicable. Client furt

ch Securities and Other Property in Client's Margin Account(s) for margin purposes as shall be required under Applicable Law or otherwise by OBS! or Pershing for any reason. Client may be required to post, deposit or maintain aoditlanal ontlateral at any time. In addition to the rigthe othernise set birth

roperty on margin or otherwise, and (ii) any other instructions concerning Account(s). Client further understands that the contract between DBSI end Pershing. end the services rendered thereunder, are not intended to create a joint vendee, partnership, or other bun of business organization of any kied.Rer

in part) on Client's hermit. Client will psrticipete in 0B51's impartiai lottery allocation system for the celled Securities and Otter Property. 8. Non-Investment Adviser Capealty. Unless 0851 agrees otherwise In writing, DBSI is not acting as en "investment adviser" (as such term is defined in the Investment

her Property now or hereafter held, carried or maintained by or in the possession of DOSI that have not been fully paid ter may be lent tie DBSI, to Pershing or to othbls. end may be pledged, motorised, hypothecated or rehypothacatosi without Mince to Client either separately or In common with othor Sac w

ilor in portion Client's behalf, Chant will participate M 00514 !menthe lottery allocation system for the talkie Securities and Other Property. 8. Non-Investment Adviser Cepecity. Unless DOSI agrees otherwise in writing, DBSI Is not acting as an 'Investment adviser" (as such term is donned in the Investment A

her Property now or hereafter held, carried, or maintained by or in the possession of 0851 that have not been fully paid for may be lain to DBSI, to Pershing or to othorn, end mey be Wedged. ieoledged, hypothecated or rehypothecated without notice to Client, either separately or in common with other Secur

in part) on Client's bonalf, Client will psrticipete in DBSI's impartiai iottery allocation system for the called Securities and Otter Property. 8. Non-Investment Adviser Capseity. Unless DB51 agrees otherwise in writing, (*Slit; not acting as en "investment adviser" (as such term is defined in the Investment