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an "investment adviser" (as such term is defined in the Investment Advisers Act of 1940, as amended) with respect to the Client's Account(s). 9. Non-United States Resident Additional Disinosure and Understanding. This disclosure apoiies to non-United States residents and non-United States domiciled entities. C
ate), a • A domestic trust (as defined in Regulations section 301.2701-7)- Special nibs for putruerships.Ranneranfe met conduct • nee or business In the United Sates are gamily required to pay a withholdng fax on any foreign partners' share of Income from suet' budnese. Further, In certain cases where a Fan, W-9
mended) with respect to the Client's Account(s). 9. Non-United States Resident Additional Disinosure and Understanding. This disclosure apoiies to non-United States residents and non-United States domiciled entities. Client's Account is based in the United States, and not in Client's country of residence. DBSI a
s of foreign banks l"Foreign Securities"), Client acknowledges and understands that: (a) Foreign Securities are, in most cases, not registered with the Securities and Exchange Commissinn or Sated on any U.S. securities exchange. (b) Foreign Securities, particularly those of issuers in the so-called "emerging markets" are often illiqu
emended) with respect to the Client's Account(s). 9. Non-United States Resident Additional Diselosure and Understanding. This disclosure applies to non-United States residents and non•United States domiciled entities. Client's Account is based in the United States• and not in Client's countty of residence. DBSI a
ure and Understanding. This disclosure applies to non-United States residents and non•United States domiciled entities. Client's Account is based in the United States• and not in Client's countty of residence. DBSI accounts, products and services may not have been registered, reviewed or approved by any government
s of foreign banks ("Foreign Securities"), Client acknowledges and understands that: (a) Foreign Securities are, In most cases, not registered with the Securities and Exchange Commissinn or listed on any U.S. securities exchange, (b) Foreign Securities, particularly those of issuers in the so-called "emerging markets" are often illiq
emended) with respect to the Client's Account(s). 9. Non-United States Resident Additional Diselosure and Understanding. This disclosure applies to non-United States residents and non•United States domiciled entities. Client's Account is based in the United States• and not in Client's countty of residence. DBSI a
ure and Understanding. This disclosure applies to non-United States residents and non•United States domiciled entities. Client's Account is based in the United States• and not in Client's countty of residence. DBSI accounts, products and services may not have been registered, reviewed or approved by any government
s of foreign banks ("Foreign Securities"), Client acknowledges and understands that: (a) Foreign Securities are, In most cases, not registered with the Securities and Exchange Commissinn or listed on any U.S. securities exchange, (b) Foreign Securities, particularly those of issuers in the so-called "emerging markets" are often illiq
Entities connected to both United States and the Securities and Exchange Commissinn

Federal Reserve
ORGANIZATIONPershing
LOCATIONForeign Securities which Client
ORGANIZATIONForeign Securities
ORGANIZATIONDEISI
ORGANIZATIONClionts
ORGANIZATIONSecurities anti Other Property
ORGANIZATIONDFISI
ORGANIZATIONen Affiliate
ORGANIZATION