Common use of Authorization to Act Clause in Contracts

Authorization to Act. The undersigned hereby authorizes you to act as the undersigned’s broker, agent and attorney in fact for the purchase and sale of securities, commodities and/or options, subject to the terms and conditions contained herein, provided that you may also act as principal for your own account involving non-exchange purchases or sales. In your sole and absolute discretion, you may retain the services of, and place monies with, brokers and other financial institutions regardless of where they carry on business, and you shall not be required to make any investigation of their financial status or their general reputation in the securities, commodities or options businesses, as applicable. This agreement constitutes your sole and sufficient authority for appointing brokers and other financial institutions to act on behalf of the undersigned. It is further agreed that, in the course of your dealings with brokers and other financial institutions, payment instruments issued with respect to accounts maintained or trades made on behalf of the undersigned may be issued in the name of Friedberg Mercantile Group Ltd. or such other broker or other financial institution to more conveniently effect trades or transfers of funds. It is agreed that you may settle contracts and controversies according to the regulations and customs of the exchange or market where the orders are executed. The undersigned agrees that (i) you will not be liable for errors, omissions or delays in the operation of the account, the handling or transmission of orders due to breakdown or failure of transmission or communication facilities or to any other cause beyond your reasonable control or anticipation, and further

Authorization to Act. The undersigned hereby authorizes you to act as the undersigned’s broker, agent and attorney in fact for the purchase and sale of securities, commodities and/or options, subject to the terms and conditions contained herein, provided that you may also act as principal for your own account involving non-exchange purchases or sales. In your sole and absolute discretion, you may retain the services of, and place monies with, brokers and other financial institutions regardless of where they carry on business, and you shall not be required to make any investigation of their financial status or their general reputation in the securities, commodities or options businesses, as applicable. This agreement constitutes your sole and sufficient authority for appointing brokers and other financial institutions to act on behalf of the undersigned. It is further agreed that, in the course of your dealings with brokers and other financial institutions, payment instruments issued with respect to accounts maintained or trades made on behalf of the undersigned may be issued in the name of Friedberg Xxxxxxxxx Mercantile Group Ltd. or such other broker or other financial institution to more conveniently effect trades or transfers of funds. It is agreed that you may settle contracts and controversies according to the regulations and customs of the exchange or market where the orders are executed. The undersigned agrees that (i) you will not be liable for errors, omissions or delays in the operation of the account, the handling or transmission of orders due to breakdown or failure of transmission or communication facilities or to any other cause beyond your reasonable control or anticipation, and further