Common use of Short, Short Exempt and Long Sales Clause in Contracts

Short, Short Exempt and Long Sales. When placing any order to sell securities short for your account, you are responsible for designating the order as such, and you hereby authorize the Executing Broker to xxxx the order as being “short” or “short exempt”. In placing any long sell order, you will designate the order as such and hereby authorize the Executing Broker to xxxx the order as being “long”. The designation of a sell order as being “long” shall constitute a representation by you that (i) you own the security with respect to which the sale order has been placed and (ii) if the Prime Broker does not have the security in its possession at the time you place the sell order, you shall deliver the security to your Prime Broker by settlement date in good deliverable form and if you fail to deliver as such, pay to the Executing Broker any losses and expenses it may incur or sustain as a result of Prime Broker’s failure to settle any such Prime Brokerage transaction on your behalf. You further agree to provide the Executing Broker with information reasonably required concerning any securities borrowing arrangements made by you and/or your Prime Broker in connection with any short sales.

Short, Short Exempt and Long Sales. When placing any order to sell securities short for your accountshort, you are responsible for designating the order as such, and you hereby authorize the Executing Broker Axos Clearing to xxxx the order as being “"short” " or “short exempt”. In placing any long sell order, you will designate the order as such and hereby authorize the Executing Broker Axos Clearing to xxxx the order as being “long”. The designation of a sell order as being “long” shall constitute a representation by you that (i) you own the security with respect to which the sale order has been placed and (ii) if the your Prime Broker does not have the security in its possession at the time you place the sell order, you shall deliver the security to your Prime Broker by settlement date in good deliverable form and if you fail to deliver as such, pay to the Executing Broker Axos Clearing any losses and expenses it they may incur or sustain as a result of your Prime Broker’s failure to settle any such Prime Brokerage transaction Transaction on your behalf. You further agree to provide the Executing Broker Axos Clearing with information reasonably required concerning any securities borrowing arrangements made by you and/or your Prime Broker in connection with any short sales.

Short, Short Exempt and Long Sales. When placing any order to sell securities short for your account, you are responsible for designating the order as such, and you hereby authorize the Executing Broker to xxxx mark the order as being “short” or “short exempt”. In placing any long sell order, you will designate the order as such and hereby authorize the Executing Broker to xxxx mark the order as being “long”. The designation of a sell order as being “long” shall constitute a representation by you that (i) you own the security with respect to which the sale order has been placed and (ii) if the Prime Broker does not have the security in its possession at the time you place the sell order, you shall deliver the security to your Prime Broker by settlement date in good deliverable form and if you fail to deliver as such, pay to the Executing Broker any losses and expenses it may incur or sustain as a result of Prime Broker’s failure to settle any such Prime Brokerage transaction on your behalf. You further agree to provide the Executing Broker with information reasonably required concerning any securities borrowing arrangements made by you and/or your Prime Broker in connection with any short sales.

Short, Short Exempt and Long Sales. When placing any order to sell securities short for your account, you are responsible for designating the order as such, and you hereby authorize the Executing Broker to xxxx the order as being “"short” " or “short exempt”. In placing any long sell order, you will designate the order as such and hereby authorize the Executing Broker to xxxx the order as being “long”. The designation of a sell order as being “long” shall constitute a representation by you that (i) you own the security with respect to which the sale order has been placed and (ii) if the Prime Broker does not have the security in its possession at the time you place the sell order, you shall deliver the security to your Prime Broker by settlement date in good deliverable form and if you fail to deliver as such, pay to the Executing Broker any losses and expenses it may incur or sustain as a result of Prime Broker’s failure to settle any such Prime Brokerage transaction on your behalf. You further agree to provide the Executing Broker with information reasonably required concerning any securities borrowing arrangements made by you and/or your Prime Broker in connection with any short sales.