Common use of Authorization to Clearing Broker Clause in Contracts

Authorization to Clearing Broker. I understand that when I elect to purchase Cryptocurrencies on the Robinhood Platform, I am authorizing and instructing Robinhood Financial to instruct Robinhood Securities, LLC (the "Clearing Broker") to accept such instruction to transfer the funds required for the transaction from my RHC Account to an account in the name of RHC (the “Entity Account”). I acknowledge that legal title to any such transferred funds will pass to RHC to effectuate settlement and that the Clearing Broker does not have the ability to monitor or recall the funds after such funds have been transferred to the external bank account. I understand that, upon transfer from my RHC Account, these funds will no longer be provided protection under SIPC coverage. I agree to hold the Clearing Broker harmless with respect to the Clearing Broker accepting and following my instructions to transfer funds from my RHF Account to the Entity Account. I hereby authorize and instruct the Clearing Broker to accept all instructions to deposit funds into my RHF Account from the Entity Account at the sole instruction of RHF or RHC. I understand that I may revoke this authorization at any time by terminating my RHC Account. I understand that the assets in my RHC Account are not held at the Clearing Broker. I understand that the Clearing Broker is not involved in the purchase, sale, execution, custody, or trading of Cryptocurrencies, and only takes instructions regarding the transfer of funds as described in this Agreement.

Authorization to Clearing Broker. I understand that when I elect to purchase Cryptocurrencies on the Robinhood Platform, I am authorizing and instructing RHC, on my behalf, to authorize and instruct Robinhood Financial to instruct Robinhood Securities, LLC (the "Clearing Broker") to accept such instruction to transfer the funds required for the transaction from my RHC RHF Account to an account in the name of RHC (the “Entity Account”). I acknowledge that legal title to any such transferred funds will pass to RHC to effectuate settlement and that the Clearing Broker does not have the ability to monitor or recall the funds after such funds have been transferred to the external bank account. I understand that, upon transfer from my RHC RHF Account to the Entity Account, these funds will no longer be provided protection under SIPC coverage. I agree to hold the Clearing Broker harmless with respect to the Clearing Broker accepting and following my instructions to transfer funds from my RHF Account to the Entity Account. I hereby authorize and instruct the Clearing Broker to accept all instructions to deposit funds into my RHF Account from the Entity Account at the sole instruction of RHF or RHC. I understand that I may revoke this authorization at any time by terminating my RHC Account. I understand that the assets in my RHC Account are not held at the Clearing Broker. I understand that the Clearing Broker is not involved in the purchase, sale, execution, custody, or trading of Cryptocurrencies, and only takes instructions regarding the transfer of funds as described in this Agreement.

Authorization to Clearing Broker. I understand that when I elect to purchase Cryptocurrencies on the Robinhood Platform, I am authorizing and instructing Robinhood Financial to instruct Robinhood Securities, LLC (the "Clearing Broker") to accept such instruction to transfer the funds required for the transaction from my RHC RHF Account to an account in the name of RHC (the “Entity Account”). I acknowledge that legal title to any such transferred funds will pass to RHC to effectuate settlement and that the Clearing Broker does not have the ability to monitor or recall the funds after such funds have been transferred to the external bank account. I understand that, upon transfer from my RHC Account, these funds will no longer be provided protection under SIPC coverage. I agree to hold the Clearing Broker harmless with respect to the Clearing Broker accepting and following my instructions to transfer funds from my RHF Account to the Entity Account. I hereby authorize and instruct the Clearing Broker to accept all instructions to deposit funds into my RHF Account from the Entity Account at the sole instruction of RHF or RHC. I understand that I may revoke this authorization at any time by terminating my RHC Account. I understand that the assets in my RHC Account are not held at the Clearing Broker. I understand that the Clearing Broker is not involved in the purchase, sale, execution, custody, or trading of Cryptocurrencies, and only takes instructions regarding the transfer of funds as described in this Agreement.