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ver 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 mtire of DBSI's rights or obligenons under this Agreement withoUt notice to Client. 2. Cash Account. DBSI will classify eech Amount as a ca
Obligations of each Jent Accountholder to DBSI and its Affiliates or Pershing. With respect to the lien granted to DBSI and its Affiliates, 13951(0r Pershing. at D8SI's instruction).may, at any time and without prior notice. sell, transfer, release, exehenge, settle or otherwise dispose of or deal with an
ty arising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. ORSI engages a.thkd-party Mooring apent Pershing. Chant understands that Pershing is the custodian of Client's assets, clears and settles al transactions, and eittends credit on any margin purchase
or nther employer whose consent is required to open and maintain this Account by regulation or otherwise, unless such consent has been provided to DOS'. Client will promptly notify DBSI in writing if any of the above circumstances change. II. TERMS AND CONDITIONS THAT APPLY TO CLIENTS ACCOUNTS) Th
rising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. DBSI engages a third-g arty eieering agent, Pershing. Client understands that Porshlhg is the custodian of Client's assets, clears and settles all transactions. and extends credit on any margin purchas
Pershing. its affiliates and its officers, directors and agents liable for any trading losses ClifffitilleUfS. 13. liens. Client hereby grants to DOS' and its Affiliates a security interest in and lien upon all Securities and Other Property in the possession or control of OBSI, any of its Affiliate
rising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. DBSI engages a third-g arty eieering agent, Pershing. Client understands that Porshlhg is the custodian of Client's assets, clears and settles all transactions. and extends credit on any margin purchas
ershing. its affiliates and its officers, directors and agents liable for any trading losses duet ClifkaiileUfS. 13. liens. Client hereby grants to DOS' and its Affiliates a security interest in and lien upon all Securities and Other Property in the possession or control of OBSI, any of its Affiliate
rising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. DBSI engages a third-g arty eieering agent, Pershing. Client understands that Porshlhg is the custodian of Client's assets, clears and settles all transactions. and extends credit on any margin purchas
Pershing. its affiliates and its officers, directors and agents liable for any trading losses ClifffitilleUfS. 13. liens. Client hereby grants to DOS' and its Affiliates a security interest in and lien upon all Securities and Other Property in the possession or control of OBSI, any of its Affiliate
Entities connected to both Pershing and DOS'
Clientwill
PERSONSecurities and Other Propertyheld
ORGANIZATIONIleitis
ORGANIZATIONOrder Ptacemunt aed Cancellation/Modification Requeets
ORGANIZATIONPorshlhg
ORGANIZATIONAffiliates ar Pershing
ORGANIZATIONOtherProperty
ORGANIZATIONPerehitiq
PERSON