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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
e market' weekly. If the autiregate Value of all seeurnies said by Client appreciates, an amount equal to such appreciation will be transferred from Client's Margin Account to Client's short Account resulting in a debitentry in the Margin Account. if the aggregate value of all the securities sold short depreciates. an a
Margin addendum to account agreement (continued) The rights of DBSI end Pershing shall include the right to buy all Securities and Other Property which may be short in such account to cancel any open orders and to dose any or all
market" weekly. If the aggregate value of all securities sold by Client appreciates, an amount equal to such appreciation will be transferred from Client's Margin Account to Client's short Account resulting in a debit entry in the Margin Account. If the aggregate value of all the securities sold short depreciates, an
Margin addendum to account agreement (continued) The rights of DBSI end Pershing shall include the right to buy all Securities and Other Property which may be short in such account to cancel any open orders and to dose any or all
market" weekly. If the aggregate value of all securities sold by Client appreciates, an amount equal to such appreciation will be transferred from Client's Margin Account to Client's short Account resulting in a debit entry in the Margin Account. If the aggregate value of all the securities sold short depreciates, an
Margin addendum to account agreement (continued) The rights of DBSI and Pershing shall Include the right to buy all Securities and Other Property which may be short in such account to cancel any open orders and to close any or al
e marker weekly. If the aggregate value of all securities sold by Client appreciates, an amount equal to such appreciation will be transferred from Client's Margin Account to Client's short Account resulting in a debit entry in the Margin Account. If the aggregate value of all the securities sold short depreciates, an
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
he marker weekly. If the agoregate Value of all securities seid by Client appreciates, an amount equal to such appreciation will be transferred from Client's Margin Account to Client's short Account resulting in a debit entry in the Margin Account. if the aggregate value of all the securities sold short depreciates, an
Margin addendum to account agreement (continued) The rights of DBSI end Pershing shall include the right to buy all Securities and Other Property which may be short in such account to cancel any open orders and to dose any or all
market" weekly. If the aggregate value of all securities sold by Client appreciates, an amount equal to such appreciation will be transferred from Client's Margin Account to Client's short Account resulting in a debit entry in the Margin Account. If the aggregate value of all the securities sold short depreciates, an
Entities connected to both Pershing and Client's Margin Account