Edge500

APPOINTMENT OF DERIVATIVES BROKER AND PARTIES


This Agreement constitutes the entire Agreement and understanding of the parties with respect to its subject matter and supersedes any and all prior oral communications and writings with respect thereto. CLIENT hereby appoints Edge500 as CLIENT’S broker for CLIENT’S purchases and sales of options and futures contracts on the derivative markets by and through an International Brokerage Firm, (here in after “IBF”), chosen by Edge500, a firm for which is engaged in the business of Derivative Options and Futures transactions. Edge500 agrees to introduce CLIENT’S monies for the purchase and sale of derivative options and futures contracts on a fully disclosed basis to an IBF pursuant to the terms and conditions that follow. CLIENT agrees to execute appropriate documents or account forms which Edge500 requires for CLIENT to establish an account through them. CLIENT shall deliver all notices and any other communications to the offices of Edge500. All communications and notices from Edge500 to the CLIENT may be sent to CLIENT at the address indicated on the Customer Application or to such other addresses CLIENT hereafter directs inwriting and shall be deemed to have been personally delivered to you.


PARTIES


You agree that the parties to this Agreement shall consist of you and us. If this is a joint account (including a community property account), the term "you" refers to each account holder. Except as disclosed in writing to us, no person other than you has any interest in the account. If this is a joint account, each account holder has full authority to act on behalf of the account and you authorize us to follow the instructions of any account holder as if such person were the sole account holder. All obligations arising hereunder are joint and several and may be enforced by us against any or all account holders. Notwithstanding the foregoing, we may require joint action by all account holders with respect to any matter concerning the account, including the giving or cancellation of orders and the withdrawal of monies, securities or other property. In the event of the death of either or any of the joint account holders, the surviving joint account holder(s) shall immediately give us written notice thereof and we may, before or after receiving such notice, take such action, require such papers and inheritance or estate tax waivers, retain such portion of and/or restrict transactions in the account as we may deem advisable. The surviving joint account holder(s) and the estate of the deceased joint account holder shall be jointly and severally liable to us for any net debit balance or loss in the account in any way resulting from transactions initiated prior to the receipt by us of the written notice of the death or incurred in the liquidation of the account or the adjustment of the interests of the respective parties. Laws governing joint ownership of property vary from jurisdiction to jurisdiction. Generally, however, for joint tenants with rights of survivorship, in the event of the death of either tenant, the entire interest in the joint account shall be vested in the surviving joint tenant(s) on the same terms and conditions. For tenants in common, the interest in the tenancy shall be equal unless specified and in the event of death of either tenant, the interest in their share of the tenancy shall vest in the decedent's legal representative. State laws regulating community property vary. Consult your own legal adviser.

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