Common use of Authority, Execution of Orders, Security Interest Clause in Contracts

Authority, Execution of Orders, Security Interest. The undersigned herby authorizes Apex in its discretion, should Apex deem it necessary for Apex’s protection for any reason, including death of the undersigned, to buy, sell, or sell short for the undersigned’s account any risk, puts, calls or other forms of option and/orto buy, sell or sell short any part or all of the underlying shares represented by options endorsed by Apex for the undersigned’s account. Any and all expenses incurred by Apex in connection with such transactions shall be reimbursed by the undersigned to Apex. The undersigned understands and acknowledges that when transactions on the undersigned’s behalf are to be executed and the options are traded in more than one marketplace Apex may use its discretion in selecting the market in which to enter the undersigned’s order unless the undersigned specifically instructs otherwise. All monies, securities, or other property which Apex may hold in any account of the undersigned shall be held subject to a general lien for the discharge of the undersigned’s obligations to Apex under this Agreementor otherwise. The decision to enter into options transactions was made entirely by the undersigned without any investment advice from Apex or the introducing broker.

Authority, Execution of Orders, Security Interest. The undersigned herby hereby authorizes Apex in its discretion, should Apex deem it necessary for Apex’s protection for any reason, including death of the undersigned, to buy, sell, or sell short for the undersigned’s account any risk, puts, calls or other forms of option and/orto and/or to buy, sell or sell short any part or all of the underlying shares represented by options endorsed by Apex for the undersigned’s account. Any and all expenses incurred by Apex in connection with such transactions shall be reimbursed by the undersigned to Apex. The undersigned understands and acknowledges that when transactions on the undersigned’s behalf are to be executed and the options are traded in more than one marketplace Apex may use its discretion in selecting the market in which to enter the undersigned’s order unless the undersigned specifically instructs otherwise. All monies, securities, or other property which Apex may hold in any account of the undersigned shall be held subject to a general lien for the discharge of the undersigned’s obligations to Apex under this Agreementor Agreement or otherwise. The decision to enter into options transactions was made entirely by the undersigned without any investment advice from Apex or the introducing broker.

Authority, Execution of Orders, Security Interest. The undersigned herby authorizes Apex in its discretion, should Apex deem it necessary for Apex’s protection for any reason, including death of the undersigned, to buy, sell, or sell short for the undersigned’s account any risk, puts, calls or other forms of option and/orto and/or to buy, sell or sell short any part or all of the underlying shares represented by options endorsed by Apex for the undersigned’s account. Any and all expenses incurred by Apex in connection with such transactions shall be reimbursed by the undersigned to Apex. The undersigned understands and acknowledges that when transactions on the undersigned’s behalf are to be executed and the options are traded in more than one marketplace Apex may use its discretion in selecting the market in which to enter the undersigned’s order unless the undersigned specifically instructs otherwise. All monies, securities, or other property which Apex may hold in any account of the undersigned shall be held subject to a general lien for the discharge of the undersigned’s obligations to Apex under this Agreementor Agreement or otherwise. The decision to enter into options transactions was made entirely by the undersigned without any investment advice from Apex or the introducing broker.