Common use of Short Interest Fees Clause in Contracts

Short Interest Fees. The Clearing Firms will charge you short interest fees that are separate and unrelated to the HTB Fees charged by the Broker. The Clearing Firms calculate short interest, and the total charges are dependent upon various factors such as the size of your short position, the price of the underlying security, the number of days between settlement of the short sale transaction and settlement of the buy to cover transaction, and the short interest rate. The short interest rate is variable and may change from day to day without notice. Increases in the short interest rates may be extreme, especially when there is considerable volatility in a given security. Furthermore, the Clearing Firms do not give advanced notice to the Broker when a short interest rate will be changing. You can get the short interest rate for a given symbol on a specific date by contacting the Broker. However, the rate provided to you will only be applicable for that given date and may change the following day. By signing below, you acknowledge and agree to the terms and conditions described herein. Signature Date Print Name Non-Solicited Agreement for Non-Traditional ETFs (Required for day-trading unsolicited leveraged & Inverse ETFs) Dear Regal Securities: This letter is to acknowledge my intent to purchase Non-Traditional ETFs in the future. These will be self-directed, "Unsolicited" trades made completely on my own decision. My Regal representative did not in any way solicit or otherwise encourage me to purchase these products. I have done my homework and research on the ETF and am aware that Leveraged and Inverse ETFs are highly speculative. I am also aware that I am at risk of losing my entire investment in the ETF position and that the funds used to purchase this security represent risk capital, funds that, if lost, will not impact my liquidity or net worth to a material extent. I am aware that Regal Securities will not execute my purchase transactions until they are in possession of this letter, signed by all registered account holders. I am aware that a delay in delivery of the letter to Regal Securities may expose me to market risk, and that Regal bears no liability for any delay in the execution of this transaction. Primary Name Account Number Primary Signature Date Joint Name Joint Signature Regal Representatives: You must maintain this form in your files. Copies of this form must emailed to the Regal Compliance Department ( Xxxxxxxxxx@xxxxxxxxxxxxxxx.xxx ) or faxed to (847-375-6033) Regal Securities, Inc. • 000 Xxxxxxxxx Xxxxxx, Xxxxx 000 • Glenview, IL 60025 Phone: 000-000-0000 • Fax: 000-000-0000 • xxx.xxxxxxxxxxxxxxx.xxx Non-Solicited Agreement for Volatility-Linked Products or Non- Traditional ETFs (For Trading in Unsolicited ‘Volatility-Linked Products’ or ‘Leveraged/Inverse ETFs’) Dear Regal Securities: This letter is to acknowledge my intent to purchase Volatility-Linked Products or Leveraged/ Inverse ETFs in the future. These will be self-directed, "Unsolicited" trades made completely on my own decision.

Short Interest Fees. The Clearing Firms will charge you short interest fees that are separate and unrelated to the HTB Fees charged by the Broker. The Clearing Firms calculate short interest, and the total charges are dependent upon various factors such as the size of your short position, the price of the underlying security, the number of days between settlement of the short sale transaction and settlement of the buy to cover transaction, and the short interest rate. The short interest rate is variable and may change from day to day without notice. Increases in the short interest rates may be extreme, especially when there is considerable volatility in a given security. Furthermore, the Clearing Firms do not give advanced notice to the Broker when a short interest rate will be changing. You can get the short interest rate for a given symbol on a specific date by contacting the Broker. However, the rate provided to you will only be applicable for that given date and may change the following day. By signing below, you acknowledge and agree to the terms and conditions described herein. Signature Date _ Print Name Non-Solicited Agreement for Non-Traditional ETFs (Required for day-trading unsolicited leveraged & Inverse ETFs) Dear Regal Securities: This letter is to acknowledge my intent to purchase Non-Traditional ETFs in the future. These will be self-directed, "Unsolicited" trades made completely on my own decision. My Regal representative did not in any way solicit or otherwise encourage me to purchase these products. I have done my homework and research on the ETF and am aware that Leveraged and Inverse ETFs are highly speculative. I am also aware that I am at risk of losing my entire investment in the ETF position and that the funds used to purchase this security represent risk capital, funds that, if lost, will not impact my liquidity or net worth to a material extent. I am aware that Regal Securities will not execute my purchase transactions until they are in possession of this letter, signed by all registered account holders. I am aware that a delay in delivery of the letter to Regal Securities may expose me to market risk, and that Regal bears no liability for any delay in the execution of this transaction. Primary Name Account Number Primary Signature Date Joint Name Joint Signature Regal Representatives: You must maintain this form in your files. Copies of this form must emailed to the Regal Compliance Department ( Xxxxxxxxxx@xxxxxxxxxxxxxxx.xxx ) or faxed to (847-375-6033) Regal Securities, Inc. • 000 Xxxxxxxxx Xxxxxx, Xxxxx 000 • Glenview, IL 60025 Phone: 000-000-0000 • Fax: 000-000-0000 • xxx.xxxxxxxxxxxxxxx.xxx Non-Solicited Agreement for Volatility-Linked Products or Non- Traditional ETFs (For Trading in Unsolicited ‘Volatility-Linked Products’ or ‘Leveraged/Inverse ETFs’) Dear Regal Securities: This letter is to acknowledge my intent to purchase Volatility-Linked Products or Leveraged/ Inverse ETFs in the future. These will be self-directed, "Unsolicited" trades made completely on my own decision.

Short Interest Fees. The Clearing Firms will charge you short interest fees that are separate and unrelated to the HTB Fees charged by the Broker. The Clearing Firms calculate short interest, and the total charges are dependent upon various factors such as the size of your short position, the price of the underlying security, the number of days between settlement of the short sale transaction and settlement of the buy to cover transaction, and the short interest rate. The short interest rate is variable and may change from day to day without notice. Increases in the short interest rates may be extreme, especially when there is considerable volatility in a given security. Furthermore, the Clearing Firms do not give advanced notice to the Broker when a short interest rate will be changing. You can get the short interest rate for a given symbol on a specific date by contacting the Broker. However, the rate provided to you will only be applicable for that given date and may change the following day. By signing below, you acknowledge and agree to the terms and conditions described herein. Signature Date Print Name Non-Solicited Agreement for Non-Traditional ETFs (Required for day-trading unsolicited leveraged & Inverse ETFs) Dear Regal Securities: This letter is to acknowledge my intent to purchase Non-Traditional ETFs in the future. These will be self-directed, "Unsolicited" trades made completely on my own decision. My Regal representative did not in any way solicit or otherwise encourage me to purchase these products. I have done my homework and research on the ETF and am aware that Leveraged and Inverse ETFs are highly speculative. I am also aware that I am at risk of losing my entire investment in the ETF position and that the funds used to purchase this security represent risk capital, funds that, if lost, will not impact my liquidity or net worth to a material extent. I am aware that Regal Securities will not execute my purchase transactions until they are in possession of this letter, signed by all registered account holders. I am aware that a delay in delivery of the letter to Regal Securities may expose me to market risk, and that Regal bears no liability for any delay in the execution of this transaction. Primary Name Account Number Primary Signature Date Joint Name Joint Signature Regal Representatives: You must maintain this form in your files. Copies of this form must emailed to the Regal Compliance Department ( Xxxxxxxxxx@xxxxxxxxxxxxxxx.xxx ) or faxed to (847-375-6033) Regal Securities, Inc. • 000 Xxxxxxxxx Xxxxxx, Xxxxx 000 • GlenviewXxxxxxxx, IL 60025 XX 00000 Phone: 000-000-0000 • Fax: 000-000-0000 • xxx.xxxxxxxxxxxxxxx.xxx Non-Solicited Agreement for Volatility-Linked Products or Non- Traditional ETFs (For Trading in Unsolicited ‘Volatility-Linked Products’ or ‘Leveraged/Inverse ETFs’) Dear Regal Securities: This letter is to acknowledge my intent to purchase Volatility-Linked Products or Leveraged/ Inverse ETFs in the future. These will be self-directed, "Unsolicited" trades made completely on my own decision.

Short Interest Fees. The Clearing Firms will charge you short interest fees that are separate and unrelated to the HTB Fees charged by the Broker. The Clearing Firms calculate short interest, and the total charges are dependent upon various factors such as the size of your short position, the price of the underlying security, the number of days between settlement of the short sale transaction and settlement of the buy to cover transaction, and the short interest rate. The short interest rate is variable and may change from day to day without notice. Increases in the short interest rates may be extreme, especially when there is considerable volatility in a given security. Furthermore, the Clearing Firms do not give advanced notice to the Broker when a short interest rate will be changing. You can get the short interest rate for a given symbol on a specific date by contacting the Broker. However, the rate provided to you will only be applicable for that given date and may change the following day. By signing below, you acknowledge and agree to the terms and conditions described herein. Signature Date _ Print Name Non-Solicited Agreement for Non-Traditional ETFs (Required for day-trading unsolicited leveraged & Inverse ETFs) Dear Regal Securities: This letter is to acknowledge my intent to purchase Non-Traditional ETFs in the future. These will be self-directed, "Unsolicited" trades made completely on my own decision. My Regal representative did not in any way solicit or otherwise encourage me to purchase these products. I have done my homework and research on the ETF and am aware that Leveraged and Inverse ETFs are highly speculative. I am also aware that I am at risk of losing my entire investment in the ETF position and that the funds used to purchase this security represent risk capital, funds that, if lost, will not impact my liquidity or net worth to a material extent. I am aware that Regal Securities will not execute my purchase transactions until they are in possession of this letter, signed by all registered account holders. I am aware that a delay in delivery of the letter to Regal Securities may expose me to market risk, and that Regal bears no liability for any delay in the execution of this transaction. Primary Name Account Number Primary Signature Date Joint Name Joint Signature Regal Representatives: You must maintain this form in your files. Copies of this form must emailed to the Regal Compliance Department ( Xxxxxxxxxx@xxxxxxxxxxxxxxx.xxx ) or faxed to (847-375-6033) Regal Securities, Inc. • 000 Xxxxxxxxx Xxxxxx, Xxxxx 000 • GlenviewXxxxxxxx, IL 60025 XX 00000 Phone: 000-000-0000 • Fax: 000-000-0000 • xxx.xxxxxxxxxxxxxxx.xxx Non-Solicited Agreement for Volatility-Linked Products or Non- Traditional ETFs (For Trading in Unsolicited ‘Volatility-Linked Products’ or ‘Leveraged/Inverse ETFs’) Dear Regal Securities: This letter is to acknowledge my intent to purchase Volatility-Linked Products or Leveraged/ Inverse ETFs in the future. These will be self-directed, "Unsolicited" trades made completely on my own decision.