EFTA Document EFTA01282471

Deutsche Bank Private Wealth Management Ni(Do30q Option Agreement and Approval Form Please Complete All Section Account No. Account Name Southern Financial, 1.1..O . _ Account Type Cash . . . Account Registration O Managed Account O Discretionary Account O odud Na mots) of person(s) other than account owner(s) authorized to place orders for the account: Jeffrey Epstein, Jeanne Brennan, Harry Beller Entity Account and away information (Pfcvide requested information for each account owner (-Client"). Attach supplement to this Agreement rf neCeSsety:) Name Southern Financial Lit Address $100 Red Hook Quarter, i43, St. Theories , 00402 . Country Virgin Mud* Phone 34° 775P525 • - • • • • • Employer NA Business Address Type of Business Present Brokerage Accounts way JPMorgen animate 2/2512013 ',Jumbo, of Docendents NA Marital Stews NA Business Pnore NA Positron Years Held Does the individual or entity that controls this account have the pOvvet to control any other Option Accoun(M with Deutsche Bank Securities Inc.? E Yes O No II yes, please provide the account rumber(s): Will Provide List Client(s) Financial Information APOtOtornate Aggregate Annual Income Sautes of Income (Approximate) Approximate Aggregate Net Worth --- - -.. .. . .. . . .... ....___ - - • -- - aurinirsiiiwnv Less than S50,000 Salary/Bonus 50 % liquia Ne Well [Mute Pmciest Aslithrc• El l' itt3 than 550400 lli Less tnan 560.000 350,0200 - 399,999 $100.000- S240,909 Interest/Dividends g --- - rx, 0:$50.000 -999,099 O seemoo - as9,999 (specify): 000—SA99.999 O $250.000-5499.999 Other O S100.200- S249.999 O S103,003 - 5249.999 o $500,000 - $999099 % C I S250.200- 5499.999 O 1250,000 -3499.999 ci stowood-t2.499,9% O 12.500.000 - $4,999,999 O swum- 5999.999 O 4500000 - 5999.999 ❑9 ,,...000 - 52.499.999 O 11.000.000 - $2.499.999 . . % % Q 35,000000 and ova 52500,000 - 44.999,999 0 32,500.000 - 44.999.940 . , — 0 45.000.003 and over , Oil 46,000,000 end over . . Investment Experience of Account Owner(s) • Yost hit Traded Mendel Tretlei ' ' . Per Year AitipeSiniet— — `'Average Trades MS Sire n .. ' Shares/Contracts 16,44 id Pnefidies Option Exponent:to CkeiOni 2013- 10 stoock000.po .• .tioo . . a Covered Call Writing Purchased Options a Option Spreads Lkiconved Put Writing LA uncovered Call Writing O None • Stocks 2013 ,.10 . . simoopoo.oci _.....,, t1,000, Bonds 2013 10 $1,000,000.00 31.000 Candiodities 4013 ,10 - \. . 0,000,000.OG 1,0ao lie Listed Sack Hided MS 10 _. $4000,440.00 11.000 . OTC Derivatives " " ` 0413 40 . .S1000000.00 - ' .itopp ' &matured Produats. 201$ " 10 $1,000,000.00 '1,0a0 „, ,.. Other (Specify) , - . Iladtaalaa Rana Securities Inc.. a sot idary at Databdal Bank AG. condacts investment banking and securites ect;vrties in ata united states, 111,1,1111 OSPW/I-0127 01/ 14 (05/11) 001401:062711 SDNY_GM_00037962 CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED R. CRIM. P. 6(e) DB-SDNY-0000786 EFTA_0014857 I EFTA01282471 Option Objectives 'check ALL that apply): Income (covered call writing) ID Portfolio Protection (prole:live puts) 7] Speculation Ispreeds & uncovered writing) C.innt(sl Strategy Requests (Plano cheek es many of this following strotegies sought to be employed) El 1. Covered Call Writing bkilfigate.BiSX. Cells fully covered by underlying stock. Stock may be celled a: any time or at expiration. requiring owner to sell at strike price. • ?.Purchasing Options k'°-IWSIN-01Baluft&Tis. Entire premien) is at risk. Profit or /033 usually delerm.ned by SelIng POSition. If position is rot closed or exercised expiration date. options woe expire worthless. 0 3 Option Spreads — Margin account required. Involves Solvent's! Riser. In addition to risk of purchasing puts of ales, if long side is enamel out, leaving only a short position, the financial risk Coco/net unitwited. Option assignments require ix/chase of the that/dyne stock in the open manta to effect delivery to purchaser of Mat ▪ 4 Uncovered Put Writing — Margin account and special statement for uncovered option writer* required. kl.WateriSsibstential fink Nessigned, the client must purchase the underlying stock at the strike mice, which may be substantially higher than the thencurrent market price. • 5. Uncovered Call Writing — Margin ecCount and nodal statement for uncovered option writers required. .ablivilgatbeatiaLEtosk. Writing uncovered calls involves oN.mrted financial risk. Opt on assignments mouse purchase of the underling stock in open market to effect delivery to purchaser of option. by I have iced and understand all of the conditions end stipulatons on the reverse ode of this form in regard to trading in optiors aril represent Mal trading in optOm is suitable in light of my investment ohectives, hiwinoal situation, risk tolerance and knowledge. I hereby confirm that lam the source of and attest to the accuracy of the above infounetion and euthoive Deutsche Bark Securities Inc. 'also referred to herein as 'Deutsche Bank Alex. Brown'' to 'nitrify any rePreSemetion contained thereon, at in, discretion. will promptly nobly Deutscne Bank Alex. Brown, In veiling. of any materiel change in the above-slated Information. I acknowledge that I may obtain en options clearing ax-O0retion prospectini upon :equeot. I have received and read the Options Clearing Corporation Disclosure Document entitled 'Characteristics and Risks of Standardized pitons." Signed S gred Print Client Advisor Name Client Advisor Signature ROP Approval OPTION DEPT. Covered CM Writing Purchasing Options Option Spreads ttr. Uncovered Put Writing (Q Uncovered Ca I Writing SROP DATE " Comments 36- gr. 2.41 3 foie / 4/ 2.0) 09-P9191.0127 CM la )05.9 1) 006404.051011 SDNY_GM_00037963 CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED R. GRIM. P. 6(e) DB-SDNY-0000787 EFTA_00 148572 EFTA01282472 Risks, Prohibitions and General Information Concerning Option Trading I understand that options vennadiorn Involve a nigh degree Of Pk end Cotter no guaranies* of gain a' assurance spend loss Accordedly. I understand that prier 10 endadind any option transaction. I Would review my Dissent fins dal seines) and delermne whether it is adviSebq to incur the risk of loss associated with that particular revealment. I. 1 Mae/Vona Ulm when 1 engage in option wading I expose mad to Plan. potentially substantial G noncial risks In ideation to those idemdied as the Dont side el this bon under em neteng "ClIends1 Strategy Requests,- incasing but not limited to the folleveing I undetetane that/ Wood not buy an option unless I am able to ordain a tow loss of the premium and earlealOn costs. — If I WI (wad coveted options. • understand that I may forfeit pirldpation h cadet* gene but won risk di parecipabon m capital Oases in Ole underhong eeOWW. I uniersted Nelda precise it assigned to me, I may be forms to aquidete my paition In the underlying security /flotilla welch may be °devotee/a to moist.° understand that I should nor set late) 0 OD, add call option urine I ern papered to Paws 1110 undedyld seaway (a • security oznyeable. etcrangeatee. coo teperteade into such undedlind eitdurGY/ won the exercise of the option. — Ir I Fee bwhei uncovered (naked moons. I rose subarea( aped loss if. and to ton extent that. the market pawl tea uncleanly searty increases above me sake price of a all or decreased below the Strew Once of a put It en exoesint is assigned to mo. lit imam ea likelihood, he el a time whim min Bate me to assume tether:Spite] loss. 'unreal Oa I should not sell (write) a put opal a an uncoated call peer% especially an Index Oetiolt unarm', able to suratn patentiet unlimited bait — lam aware that various factors may affect the price of en nation corarect wen as the /elationsrip between the nada price li d market trip of the writhing security. IN lime Pried renaming until the Olden extra, are Ion pice fluetudien or other chtaitteristrs of the underlying locisity. - I am aware that the respective option exchanges ("Etclungeel may, in Nelr discretion end km into CO tide. Distract tranuctioes in particular op are a the exercise 61 option contracts In the taps ol maintaining a fair ar4o6orly ma'am in option contacts or In the Arldorlying seaway, t the protection of insestarS. I understand that I may not be able to dote a poslt,on in the event that a secondary twat in the wow eases to cal et Rs Ping ethenge restricts or Suriplince leading in QM Option. — I am aware that the Exchanges have estetlishee faltreitiOra m certain °Pena* purchase and sole Vassar:Siena on the Exchanges what are myna to be remitted options. 2- I orsderna el end agree that my wok/nest with Deutsche Bank Securities Inc. lase rehired to herein as 'Oeulsche Bar* Met Browni will be handed accordance wIth the Rita of the Finance% Industry Regulatory At:WM*4 rFINRAg and the Exchanges en SIP listed options are traded and d ire Codons Caring Corporatism ("OCC1. as IFFetkled M its Pfllolalks• l am Gaon of and ern abet berme ay slat ass In accidence with such ruler — twill not agent to araire at any tine. ether by matt or t 62OCert with other. a position in excess et the /bets prescribed from time to line by the Exchanges. For trio pumper of computing etch limits. I understand met total long call options end Won out options of the same underlying stock must be added to computer the position limit Similarly. total long put °Wens and tett cell options of the acne cr.:drying stock mutt be added to compute the poetical One. — I will not attempt to exercise. War by moral a in concert with others. during any mind of live oomeoutive business did, a quantity in excess of the lima meant:0 by the ExCharges - understand that 4 found al MolatiOn Of. Other the petition I/Mile/au en rose limit I may a subjell 20 sanctions imposed by the FarMenge involved and that them sanctions troy endue° laudation id the positions In violation. 3. I understand tiled Deutsche Bark Alex. Brown has adios. which may bo intro restrictive than or Impose requirements In addition to those of the Exchanges, FINRA or the Now York Sack Exchange I agree to abide by such pacts as a condition of doing Wallas with Densche Bank Ales. Siam I under/MP theta pilots inciudo bet ere not wised to the lapwing. — Outionent ate tor all option trades is the busmen day follovang trot dote. Notwithstanding this provision, DeutlChe Bank Alex &own may. in its Pad on, deft riot to accept purchane orders in options unless ash awl to the purchase ;sex hee first been deported in my account and may elect not to pixel manta we cross n COMA whoa I have fat dopositod is my account either the required margin a unrestricted negotiable shwa of Ion underlying stock ri en annum: specked by Draythe Rank Alex. Brown. — Deutsche Bank Ala. Brown may Prase orders to hese options In my ad:Ount if thine ere asap° d against my accost iniuding rank-Ups regmtdng trading in the undertying security, or foe any other what inns diSCrOh011. Deutsche Blink AGING Brown hee set trading end exercise deadline!. which correspond rO domiliney extehlnlyed by the OCC and wilt accept no reepwarbilitr for comfiest"' of orders entered by divas alter such deadline. — Margin, Peet in damson/Noe posted by me ageing Sheet option pOSIIIOns• may not be included In my Margin acCOunt equity or IIdealt computation* Deutsche Bank Ales. Brown may. In turn. ate these deposits to secure said shall easkierd with Die OCC. — Option Beak PPP Pared automated Rea Mex. Brown in Peeped Plashed pePon in option contracts in customer accounts She be ellOCeled to CuStOmerS Deutsche Bank Alta. Brown on en automated random bads I undo/tone that if I ism assigned, the assignment wit be processed as In the teat of a call) e porch... (in the case 01 a put). settling two busiresa mays from the dud of asednincnt (except for nonietrully options. wNch setter he cash on the day Of Stiltrirrierld and Mallen, Obligated in cleave( the underlying stock or rettUrred ash 10 Deutsche Bank Pee Bram no lake then settlerrent date. I copysterso that margin requirements exist in Connection with certain Options »Piedras to meet all maid Calla as made by Deutsche Bank Alp Browns 1 undedund that Firmest's: Dank Mot. Brown in wenoustng the margin recattements for option progions. may iednse a Nth& Margin re:tremors, Individual option positions then ass investment limb, Ord that Deutsche Sank Alex. Brown Wel inform me of Its exiSereg Mallen requirements for ophon positions upon requiem. In the eventide not meet warden calls promptly. Osmium Hai* Alex, Wows is ettlyrired, in its WO &Crete» and hilthOul notificetion to ma in lake any and all steps necessary le opted MEd In ConnecUon with put sonde, all transacts:AS made for my amount indudIng t o nght to buy andlot sea sure ee short exempt. Ice ins account and Milt any pan or all el the Waled toproserted Dy options endorsed by Deutsche Bank Alex. Boson Inr my account, or to thy for my account and risk any puts andlot al's as Deutsche Berk Ala. kown may dear. necco.0ry lot its protection. I further agree that any and all expenses Incurred by Deutsche Barr. Alex. Warm in 1-.0 correction yid bo remirssed by me. 5 Ton aterferntrl PPP Pay to all option riders for myfes account, whether it not Such ulders ale executed. 6 1 understand Nal options troy be listed on one or more Exchanges and that it no &Wander n specified by ma Deutsche Clank Ala Brown will use ks oaczetkin n routing my ordeal:. 7. thereby author= you in your sole disorodon and unlit pant attol to ma for In the event of my death wrier notatetken to nioresentachans or nyy 'slate a In my rein whenever you deem it necessary for your protection to take such &skin, sawing without kritaten, to buy. sell or sal short lot my accounted and my rink, outs. COIN Or other lows ot opals wear to buy. all, or sell ton any part nr as ol the urdainng securities represented by options endorsed by you for my amounted. Any and at expenses, including. without 'irritation attorneys' fad end Nth reasonable disbursements. loaned by you In correction wan such transactions will be reimbursed by me or by my estete. B You are weer no °Poston 10 °envoy to ore any information rotating to Ma undrulyIng seCuMies conteed by on optinti or any Orecuntred Minted Inoreto, or any Infoirnereoll relating to Optic . %MOUS Vitt information is then or thereafter known a available. My klowstion, Works or noeficetion In respect to any option ce any underlying securities or wounds& relating thereto which you may pea me and which you are not requited to gem by No terms of this outman or am ether agreement. expressed or Inlets* WSW not De tonsured as creating en unpfied agree tint or °hose Of doing bowmen us and shad not Imps° the provlsons of We a /flyover agreement between is. El This agreement and its enforcement that be governed by the taws of the State of New Yak and its provisions snail be continuous: shaft corer ale cyders trersectice's hereunder. whet./ you ate acting as Poker or prinopat and all accounts, Indyduelly and coledively, *hie I may aeon or reapers with You: shalt alum to the bends diner present orperdolitn. As sucsossas and assigns; and shall be binOng upon inc and my note, executors, saninqUatati and assigns. but no suppment stall release me from any 01 my °blowhole totesander. Written notice of Pevocatinns el Ws agreement Shall not tense either of to from any obideborte hereunder arising pram 10 the *dual receipt of wen notice by the oildr. 10. Whenever any law or regulation is adopted which affects or is ineOnattent With any prawn hereof. such provision she be deems,' rroD6find labefaechrdi as the eel. may ho. by such lay or regulation 'endisisdi DrOvibiane as fonycsilied or 0am...faded ard all paw Orenctilord howeershaa in all respects rename in full force and itifischabottoce agreement's Swing wham tie culeyecorigt mite ,Mad.,b4 thee proµs;aq aunty to any Of my itanseclimpandICOOuntavAth yew Shell Ire epplicablo le any al mtaptions frareaCtIOn3 end eccounts.whiregha ace not dn.ocklida win.. trde.egreemenc. Should wish a conflict tiket.h.shall be resolved tri Arai of die agreement. Othetatsct. the Prepaid oreach"arremena she boa' ' 11. As used hereinlin and 'MA' Sara 10 eael:Count antler/. TonillalintittYOUralleett to OCutlase Alincgtown. , P.Icsose Initial Hens, cattima-oivoikuloutt) boisso..Ostoli SDNY_GM_00037964 CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED R. CRIM. P. 6(e) DB-SDNY-0000788 EFTA_00 148573 EFTA01282473 Signed:4 6. Special Statement for Uncovered Option Writers Deutsche Bank Alex. Brown A Oirser of MutstNe Bank Soc.d., the Account No. Account Name ,, Southern, Financial LLC - . -- - .. - .... . . ...... . . ......... .. .. There are sPeCial risks associated with uncovered option writing which expose tho investor to potentially significant loss. I understand that this typo of strategy may not be suitable for all customers approved for options transactions. I alSO understand each of the following: 1. The potential loss of uncovered call writing is unlimited. since there is no upper limit on a stock's price and the loss to a writer of an uncovered call equals the stock price minus the exercise pnce. The writer of en uncovered Call is in an extremely risky position, and may incur large losses if the value of the underlying instrument increases above the exercise price. Such a loss can exceed the equity in the call writer's account. 2. The potential :oss 'torn writing uncovered put options is also substantial. The writer of an uncovered put option bears a risk o' loss if the value of the underlying instrument declines below the exercise pnce. However. Seco stock prices Cannot be lower than zero, the maximum loss is equal to the strike price of the put sold less the premium received for that put. Such loss could be substantial if there is a significant decline in the value of the underlying instrument and can exceed the equity in the put writer's account. 3. for combination writing, where the investor writes both a put and a coil on the same underlying instrument, the potential risk is unlimited and can exceed the equity in the option writer's account. 4. Uncovered option writing is thus suitable only for the knowledgeable investor who understands the risks, has the financial capacity and willingness to incur potentially substantial losses, and has sufficient liquid assets to meet applicable margin requirements. :r this regard, if the value of the underlying instrument moves against an uncovered writers options position, the ievestors broker may request significant additional margin payments. If an investor does not make such margin payments, the broker may liquidate stock or options positions in the investor's account, with little or no prior notice in accordance with ire irvostor's margin agreement. 5. The option writer may not be able to rely on the secondary market. If a secondary marker in options were to become unavailable, investors could not engage in closing transactions, and an option writer would remain obligated until expiration or assignment. The writer of ar American-style option is subject to being assigned an exercise at any time after he has written the option until the option expires. Byoontrast, the writer of a European-style notion is subject to exercise assignment only during the exercise period. NOTE: It is expected that the Demo(*) signing below will read the booklet entitled Characteristics and Risks of Standardized Options available from your broker. Particular attention is directed to the chapter entitled "Risks of Buying and Writing Options' This statement is not intended to enumerate allot the risks entailed in writing uncovered options. have read end understand the above statement regarding the special risks associated with uncovered option writing and represent that such trading is suitable in light of my investment objectives, which include speculation, as well as my financial situation, risk tolerance end knowledge. I understand that you will rely on the representations I have made herein and in the Option Agnsenus t end Approval Form I provided to you in determining whether to approve my account for the options strataalps I have al ctedend 1 hereby certify the truth and accuracy of such statements. / !Datum / 127 . ..g If) • ( • Signed Date Signed Signed Signed Date Approved for: ROP/Manager Approval: Date -, Date C8-DBA9-0126 OM 14 A 121%? SDNY_GA4_00037965 CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0000789 EFTA_00148574 EFTA01282474