EFTA01480065.pdf

J.P.Morgan Exchange Traded Options Agreement B. Special Statement for Uncovered Options Writers (cont.) has the financial capacity Uncovered options writing Is thus suitable only for the knowledgeable Investor who understands the risks, willingness to incur potentially substantial losses, and has sufficient liquid assets to meet applicable margin requirements. In and the moves against a writers uncovered options position, J.P. Morgan Securities U.0 this regard, V the value of the underlying Instrument positions in the may request significant additional margin payments, and J.D. Morgan SecurltleS LLC may liquidate stack or options account with little or no prior notice, In accordance with the investors margin agreement. For combination and/or straddle investor's risk Is unlimited, If a wilting, where the Investor writes both a put and a call on the same underlying instrument, the potential and an option writer secondary market In options were to become unavailable, investors could not engage In dosing transactions, remain obligated until expiration assignment. The writer of an American-styl e option Is subject to being assigned an exercise would at any time after he/she has written the option until the option expires. By contrast, the writer of a European-styl e option Is subject to exercise assignment only during the exercise period. C. Derivatives Approval Level Exchange Traded Options Date OCC booklet and supplements sent to client: Level 1: Covered writing Lev& 2: Buying Options Level 3: Spreads El DIMEE-DED: mm d d y y y y Level 5: Uncovered Writing El Level 6: Combinations/Straddles D. Pre-Dispute Arbitration and Acknowledgment as indicated above; (2) I have received a By signing this Agreement, I admowiedge that: (1) I requested the options approval level the booklet entitled, 'Characteristi cs end Risks of Standardized Options,' and it is expected that I will read the booklet; (3) I copy of and the 'Special Statement for Uncovered have rennewed the special statement for uncovered options writers above; (4) the booklet enumerate all of the risks entailed in writing uncovered options; (5) 1 shah promptly advise 1.P. Writers,' above, are not intended to ?Mandel circumstances and options investment objectives; and (6) Morgan Securities LW, In writing, of any material changes in my accordance with paragraph 11 on pages 1 and 2 of this form, I am agreeing in advance to arbitrate any controversies In LLC that may arise in connection with ma and "titaccrunts with 3.P. Morgan Securities E. Client Signyure (All Ldac I R JEFFREY E. EPSTEIN „ Date Name (print) Date Name (print) Signature Date Name (print) Signature rj Signature Date Name (print) 3.P. Morgan Use Only and finandal Approvals: I have reviewed the client's suitability profile, including: Investment Objectives, Investment experience condition, and agree that the options level Indicated atgsgIs appropriate for the client. )PM RR Signature Date 2,42) Date 1PM ROSFP Signature Date Ri )PM S-ROSFP Signature (Exchange Traded Options levels 5116) ).P. Morgar Use Only Title SPN CAS Page 3 of 3 aneadinvestor 3/13 US1622 Confidential Treatment Requested by JPM-SDNY-00002118 JPMorgan Chase CONFIDENTIAL SDNY_GM_00271316 EFTA01480065