EFTA01390367.pdf

MARGIN ADDENDUM TO ACCOUNT AGREEMENT READ PC' r.'ri'm Er Lr"1/..T,C' nnr Pr MI Supplemental Terms and Conditions that Apply to Client Margin Account Any capitalized terms not otherwise defined herein or IA the Margin Disclosures shallhave the meaning specified in 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 conditions contained in the Account Agreement all of which are incorporated 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 hereto by reference. 2. Financing. Client understands that the margin transactions in the Account may be financed by Pershing or DBSI. 3. Interest and Costs. Client agrees to pay interest on all sums borrowed and other balances due and costs incurred by Deutsche Bank io maintaining the Margin Account on Client's behatf. DBSI will deduct all interest charges from Client's Account. Interest charges will be reflected on Client's account statement. For additional information on interest charges, please refer to the Annual Disclosure Statement at http://www.pitinn.db.00ntramericas/en/ annualdisclosurestatementhtml. To obtain the current schedule of rates visit: http://pwm.db.com/pwrriten/ alexbrownjegal_overview.html and click on "DRAB Call Rate' or contact the Client Advisor. 4. Client's Margin Loan Is a Demand Loon. As such, DBSI or Pershing has the right to demand at any time the immediate payment of all or any portion of a margin balance. S. 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 OBSI, any of its Affiliates or Pershing, in which Client has an interest (held individually, jointly or otherwise) (collectively all such Securities and Other Property are referred to herein as -013 Collateral') In order to secure any and all indebtedness or any other obligation of Clicnt 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 Securities and Other Property held in Client's Margin Account(s) and any asscciated cash account(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 Property held in the Account or any other accoent held by either Joint Accountholder with OBSI or its Affiliates (whether individually, jointly or otherwise) and shall secure any and all DB Obligations of each Joint Accountholder to DBSI and its Affiliates. With respect to me hod granted to 0851 end its Affiliates, DBSI (or Pershing, at DBSI's instruction) may, at any time and 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 DB Obligations. In enforcing this lien, DBSI 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 any time and without prior notice, sell, transfer, release, exchange, settle or otherwise dispose of or deal with any or all Margin Collateral in ordor to satisfy any Margin Obligations. In enforcing this Pershing lien, Pershing shall have tha discretion to determine whet 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 transaction under Section 4976(c)(1)(B) of the Internal Revenue Code of 1986, as amended, or Section 406(a)8)(3) of the Emnloyee Retirement Income Security Act of 1974, as amended. Securities and Other Property held in Client's retirement account(s) maintained by 0651, which may include IRAs or qualified plans, are not suoject to this lien and such Securities and Other Property may only be used to satisfy Client's indebtedness or other obligations related to Client's retirement account(s). 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, carried or maintained by or in the possession of DBSI that have not been fully paid for, or ere held in a maroin account as collateral fora margin Men, may hs lent to DBSI, to Pershing or to others, and may be.pledged, repledged, hypothecated or rehypothecated by DBSI and/or Pershing without notice to Client, either separately or in common with other securities, commodities and othelproperty of OBSI's or Pershittirs other clients for any ainoortt due in any account with OBSI in whien Client has an interest, or for any greater amount and D8S1 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 Client's Accounts) aro lashed out, Client will lose voting rights attendant to such socunties. Margin securities in Client's account may be used for, among other things, settling short sales and lending the securities for short sales. As a result, Pershing and/or DB51 may receive compensation in connection with these transactions. Neither Pershing, nor DBSI, will lend or pledge fully paid for securities without Client's written permisaloe. 7. Margin Maintenance, Calls for Additional Collator*, Liquidations and Covering Short Positions. In order io engage in margin transactions, Client will be required to maintain such Securities and Other Property in Client's Margin Account(s) for margin purposes as shell be required under Applicable Law or otherwise by OB51 er Pershing for any reason. Client may Ito required to oost, deposit or maintain additional collateral at any time. In °donjon to rho rights otherwise set forth in this Agreement, DBSI and Pershing also shall have the right to liquidate any Securities and Other Propeity held in the Margin Accoent wheeever DBSI or Pershing deems it necessary for its protection. Circumstances that may result in collateral calls or liquidations include, but are not limited to. the failure to promutly meet any call for additional collateral, the filing of a petition in bankruptcy, the appointment of a receiver by or against Client or the attachment or levy against any account with DB51 in which Client has an interest. 13 AWM 0195 12 012145.032813 CONFIDENTIAL - PURSUANT TO FED. R. CRIM P 6(e) DB-SDNY-0094830 CONFIDENTIAL SDNY_GM_00241034 EFTA01390367