EFTA01480064.pdf

J.P.Morgan Exchange Traded Options Agreement A. Options Agreement 1. I understand that any option transaction made for my account is subject to the rules, regulations, customs and usages of the Options Clearing Corporation and of the registered national securities exchange, national securities association, clearing organization or market applicable to such transaction. I agree to abide by such rules, regulations, customs and usages. I understand that my account at J.P. Morgan Securities ac ('JPMS') IS subject to position and exercise limits established by option any other firm. regulatory organizations a markets, and that such lint apply In the aggregate to all of my accounts at WAS and I agree that, acting alone or In concert with Others, I will not exceed any applicable position or exercise limits. covered by 2. I understand that )PMS is under no obligation to convey any information to me relating to the underlying securities then or the option or any securities related thereto, or any Information relating to the options whether such information is thereafter known or available. any put option, 3. ft shall be my sole responsibility to exercise, in a proper and timely manner, any right, privilege or obligation of call option, or other option which )PMS may purchase, handle, endorse or carry for my account(s). may, with respect to any options 4. I understand that, in case of my insolvency or death, or the attachment of my property, )PMS loss. contract position, take such steps as it considers necessary or appropriate to protect JPMS against of Standardized Options,' 5. 1 have received from )PMS the options disclosure document entitled, 'Characteristics and Risks specifically the following: dated February 1994, and I understand the information contained therein and affirm of risk, are not suitable for a. That both the purchase and the writing of uncovered options contract Involve a high degree the nature and extent of their many investors and, accordingly, should be entered into only by investors who understand rights and obligations, and who are fully aware of the inherent risks Involved. the premium and transaction costs, and b. That I should not purchase any option unless I am able to sustain a total loss of (I) I should not write a call option unless I either own the underlying security (or a security convertible, exchangeable or substantial financial losses;, and (ii) I should not write a exercisable into such underlying security) or am able to sustain security at the exercise price, which may be put option unless I am able to sustain the loss resulting from purchasing my substantially above the market price at the time of assignment of the put option to rne. in particular options or the exercise of options c That the exchanges or other regulatory bodies may restrict transactions contracts in their discretion from time to time. document which summarize the risk factors Involved d. That I have noted particularly those sections of the options disclosure that, in view of my financial situation and investment objedives, options trading In options trading, and I have determined is not unsuitable for me. document entitled, 'Exercise and Assignment.' I am aware 6. 1 have read and I understand the section of the options disdosure 'In-the -money' value of one cent ($0.01) or more at expiration will that any equity or index option I may hold with an Instructions to the contrary by expiration date. I automatically be exercised by the Options Clearing Corporation If I fall to give aware that 1 may not receive actual notice of an exercise or assignment until the week followIng the expiration date. am also I will to notify me when an option in my account Is nearing expiration, and 7. 1 understand that JPMS shall have no responsibility account was not exercised, unless I have Instructed option In my have no claim for damage or loss arising out of the fact that an )PMS. )PMS to exercise such option at or before the time estabilshed by in connection with certain options, and I agree to meet all margin calls as made by 8. I understand that margin requirements exist be margin accounts, and I represent that I am duly )PMS. Further, 1 understand that certain options accounts are considered to authorized to open and carry such margin account(s). In 3PMS's sole discretion and without notification to me, to 9. Where I am a seller of an option, I understand that IPPIS is authorized, all steps necessary to protect JPMS from loss or damage arising out of any put option, call option or other option take any and transaction made for my account In the event that I do not meet JPMS's margin calls promptly. These steps include, but are not my account, and at my risk, any or all of the shares represented by limited to, buying or selling short (or short exempt) for endorsed by JPMS and for my account, or buying for my account, and at my risk, any put option, call option or other options option as $145 may deem necessary to protect IPMS fully from loss or damage. obligations, and also that I understand 10. I warrant that options are suitable for my account after considering the potential financial of options and the functioning of the options markets. I realize and understand that any form of options trading has a the trading and I am fully prepared financially to undertake such risks and to withstand any number of Inherent risks connected therewith, for New Account and losses created thereby. I acknowledge that I have received a copy of the 3.P. Morgan Account Derivatives yelled. I hereby verify Investment Suitability forms, or similar forms containing information provided by me, upon which JPMS has the Information. the accuracy of that Information and agree to inform )PMS promptly of any material change In 11. ARBITRATION; CONSENT TO JURISDICTION; SERVICE OF PROCESS. ARBITRATION AGREEMENT, THIS AGREEMENT CONTAINS A PRE-DISPUTE ARBITRATION CLAUSE. BY SIGNING AN THE PARTIES AGREE As FOLLOWS: INCLUDING THE • ALL PARTIES TO THIS AGREEMENT ARE GIVING UP THE RIGHT TO SUE EACH OTHER IN COURT, IN WHICH A RIGHT TO A TRIAL BY JURY, EXCEPT As PROVIDED BY THE RULES OF THE ARBITRATION FORUM CLAIM IS FILED. IP. Morgan Use Only Title SPN CAS Page 1 of 3 Banker/Investor 3/13 US1622 Confidential Treatment Requested by JPM-SDNY-00002116 JPMorgan Chase CONFIDENTIAL SDNY GM 00271314 EFTA01480064