EFTA Document EFTA01390392

MARGIN ADDENDUM TO ACCOUNT AGREEMENT READ .AL, r;. Supplemental Terms and Conditions that Apply to Client Margin Account Any cepitakzed terms nor otherwise defined herein or in the Margin Disclosures shell have the meaning specified rn the Account Agreement and/or its Appendix annexed thereto. By signing this Agreement Client agrees to be bound by the Terms and Conditions in this Margin Addendum as well as those terms and oondaiona contained in the Account Agreement all of which are incnrporated herein by reference. 1. Mechanics and Risks of Margin. Client represents that Client understands the mechanics and risks of using margin as explained In the attached Margin Disclosure which is incorporated herein by reference. 2. Financing. Client uoderstaeds that the margin transactions In the Act:meat may be financed by Pershing or DBSI. 3. Interest and Costs. Client agrees to pay interest on all sums borrowed and other balances doe and costs incurred by Deutsche Bank in maintaining the Margin Account on Client's behalf. DBSI will deduct all interest charges from Client's Account. Interest charges will be reflected on Client's amount statement. For add tionel information on interest charges, please refer to the Annual Disclosure Statement at http://www.pwm.db.com/americesien/annualdisclosurestetementhtml. To obtain the current schedule of rates visit: http://pwm.db.corn/pwriVerVelexbrown_legal_oveiview.html and click on "DRAB Call Rate" or eontact the Client Advisor. 4. Client's Margin Loan is a Demand Loan. As such. DBSI or Pershing has the right to demand at any time the immediate payment of allot any portion of a margin balance. 5. Liens. Client hereby grants to DBSI and its Affiliates a security interest in and lien upon all Securities and Other Property In the possession or control of DBSI, any of its Affiliates or Pershing, in which Client has an interest (held individually, jointly or otherwise) (celleonvely all smirk Securities and Other Prneerty ere referred to herein es "OB Collateral") in eider to secure any and all indebtedness or any other obligation of Client to DBSI and its Affiliates or Pershing (collectively, all such obligations are referred to herein as the "DB Obligations"). Client further grants to Pershing a security interest in and lien (the "Pershing Lien") upon all Soculitiee and Other Proesity held in Client's Margin Aecount(s) end any associated cash actiount(s) ("Margin Collateral") to secure the indebtedness or any other obligation of Client to Pershing in this Margin Account (the "Margin Obligations"). Clients who are joint account holders ("Joint Accountholders") acknowledge and agree that DB Collateral shall include Securities and Other Prpporty held in the Amount or any tither account held by either Joint Accountholder with DBSI or is Affiliates (whether individually, jointly or otherwise) and shall secure any and all DB Obligations of each Joint Accountholder re DBSI end its Affiliates. With respect to the lien granted to DBSI and its Affiliates, O651 (er Bathing. et DBSI's instruction) may, at any time end without prior notice, sell, transfer, release, exchange, settle or otherwise dispose of or deal with any or all such DB Collateral in order to satisfy any O8 Obligations. In enforcing this ken. OBSI shall have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien, Pershing may, at anytime and without prior notice, sell, transfer, release, exchange, settle or otherwise dispose of or deal with any or all Margin Collateral in order to satisfy any Margin Obligations. In enforcing this Pershing ken. Pershing shall have the discretion to determine what and how much Margin Collateral to apply for the purposes of the foregoing. Notwithstanding the foregoing, nothing herein shall be deemed to grant an interest in any Account or assets that would give rise to a prohibited trateotioa unoor Simeon 4975(c)(1 )(RI of Me Internal Revenue Code of 1986. as amended, or Section 406(a)(i)(B) of the Employee Retirement Income Security Act of 1974, as amended. Securities and Other Property held in Client's retirement accounts) maintained by DBSI, which may include IRAs or qualified plans, are not subject to this lien and such Securities ana Other Property may only be used to satisfy Client's Inclotdedness or atter obligations related to Client's retirement account). 6. Consent to Loan or Pledge of Securities and Other Property. Within the limitations imposed by Applicable Law, all Securities and Other Property now or hereafter held, corned, or maintained by or in the possession of DBSI that have not been fully paid far, or are held in a margin aceouht as cot:oral for a margin Mon, may be lent to DB& to Pershing or to others, and may be pledged, repledged, hypothecated or rehypothecated by OBSI and/or Pershing without notice to Client, either separately or in common with other securities, commodities end other property of IMISI's or Pershing's other clients tot any amount dde in any ecoeunt with DBSI In which Client has en interest. er for any greeter amount, end DBSI and/or Pershing may do so without retaining in its possession or control for delivery a like amount of similar Securities and Other Property. Client understands that while securities held for Chant's Account(s) are boned dut. Client will lose voting rights attendant to pleb secorttles. Margin securities in Client's accooM may bo used for. among other tbinqs. settling short snlee and lending the securities for short sales. As a result, Pershing and/or DBSI may receive compensation in connection with these transactions. Neither Pershing, nor O851, will lend or pledge /Jay paid for securities without Client's written permission. 7. Margin Maintonanc e, Calla for Additional Collateral, Liquiatitions. and Covering Short Position-s. lo nrder to engage in margin transit-hops, Client will be required to maintain such Securities and Other Property in Client's Margin Account(s) tor margin purposes as shall be required under Applicable Law or otherwise by OBSI or Pershing for any reason. Client may be required to post, deposit or maintain aoditional ontlaterat at any time. In addition to the rights otherwise set fenh in this Agreement, DBSI and Pershing else shall have the right to liquidate any Securities and Other Property held in the Margin Account whenever DBSI or Pershing deems it necessary for its protection. Circumstances that may result in collateral calls or liquidations include, but are net limited to, the failure to promptly meet any eall for additional collateral, the filing of a petition in bankruptcy, the appointment of a reoeiver by or against Client, or the attachment or law against any account with DBSI in which Client has an interest. The tights of O1351 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 all outstanding contracts, all without demand for margin or additional margin, notice of sale or purchase, or other notice or advsnisement, each of which is expressly waived. Upon a defatilt. Client will also bear the cost of preserving the value of collateral, including hedging transactions that may be executed at DBSI or Pershing's discretion. Any sales or purchases hereunder may be made at on any exchange or other market where such business Is usually transacted, or at public auction or private sale, and O651 or Pershing may be the purchaser for its own account. Client understands tacit any prior demand, or call, or prior notice of the 12eWM-0573 11 012145 011113 CONFIDENTIAL - PURSUANT TO FED. R. CRIM P 6(e) DB-SDNY-0094887 CONFIDENTIAL SDNY_GM_00241071 EFTA01390392