Common use of Trading Authorization Clause in Contracts

Trading Authorization. If I have indicated above that my Adviser will have the authority to direct the brokerage firm to execute trades in my account, I authorize my Adviser to be my agent and attorney-in-fact, and as such to give instructions to the brokerage firm regarding any account, and to take all other actions necessary or incidental to the execution of such instructions. If my account has a margin feature, my Adviser is authorized to direct the brokerage firm to trade on margin, to sell short, to borrow securities, to otherwise cause credit to be extended through the Account and to secure the performance of obligations in the Account with any assets held in the Account (the “Account Assets”). If my account is authorized for option trading, my Adviser is authorized to direct the brokerage firm to purchase and sell (write) index participation contracts and covered and uncovered option contracts on securities and securities-related indexes. The brokerage firm, and other people of brokerage firm have given instructions to in order to implement my Adviser’s instructions, may rely on my Adviser’s instructions without obtaining my approval, counter-signature or co-signature. The Adviser’s authority will include, without limitation, the authority to give instructions for transactions in securities and financial instruments, including the buying and selling of stocks, bonds, debentures, notes, subscription warrants, stock purchase warrants, covered options (if I have authorized trading covered options), mutual fund shares, evidences of indebtedness and any other securities, instruments or contracts relating to securities; and for purchases, sales and where necessary to complete any transaction, the authority to transfer, convert, endorse, sell assign, set over and deliver any Account Assets and to make, execute, and deliver any and all written instruments of assignment and transfer. I further authorize the brokerage firm, acting upon Adviser’s instructions, to aggregate transaction orders for my account with orders for one or more other accounts over which Adviser has investment discretion or to accept or deliver assets in transactions executed by other broker-dealers where Adviser has so aggregated orders. I agree that if any such aggregated order is executed in more than one transaction, my portion of such order may be deemed to have been executed at the weighted average of the prices at which all of such transactions were executed.

Trading Authorization. If A. I have indicated above on the Fidelity Brokerage Application that I have authorized one or more Authorized agent(s)/Advisor(s) to execute trades on my account, and Fidelity is authorized and directed to accept any trading, servicing, or account-related instruction of the Authorized agent(s)/Advisor(s) on my behalf. Fidelity reserves the right, but is B. I understand and agree that: 1. Fidelity is authorized and directed to accept the instructions of my Authorized agent(s)/Advisor(s) on my behalf. This authorization shall be applicable to all assets I hold in the specified account. Fidelity reserves the right, but is not obligated, to confirm with me any of my Authorized agent’s(s’)/ Advisor’s(s’) instructions prior to acting on such instructions, including requests to change the address or email address on my account. 2. By granting trading authorization to my Authorized agent(s)/ Advisor(s), I understand and agree that my Adviser advisor will have the authority ability to direct the brokerage firm instruct Fidelity to execute trades in initiate transfers of cash from my bank account to my Fidelity account, I authorize my Adviser based on standing written funds transfer instructions provided by me to be my agent and attorney-in-fact, and as such to give instructions to the brokerage firm regarding any account, and to take all other actions necessary or incidental to the execution of such instructionsFidelity. 3. If my account has a margin feature, my Adviser Fidelity is further authorized to direct the brokerage firm to trade on margin, to sell short, to borrow securities, to otherwise cause credit to be extended through the Account and to secure the performance of obligations in the Account with any assets held in the Account (the “Account Assets”). If act upon my account is authorized for option trading, my Adviser is authorized to direct the brokerage firm to purchase and sell (writeAuthorized agent’s(s’)/Advisor’s(s’) index participation contracts and covered and uncovered option contracts on securities and securities-related indexes. The brokerage firm, and other people of brokerage firm have given instructions to in order to implement my Adviser’s instructions, may rely on my Adviser’s instructions without obtaining my approval, counter-signature or co-signature. The Adviser’s authority will include, without limitation, the authority to give instructions for transactions in securities and financial instruments, including the buying and selling of stocks, bonds, debentures, notes, subscription warrants, stock purchase warrants, covered options (if I have authorized trading covered options), mutual fund shares, evidences of indebtedness and any other securities, instruments or contracts relating to securities; and for purchases, sales and where necessary to complete any transaction, the authority to transfer, convert, endorse, sell assign, set over and deliver any Account Assets and to make, execute, and deliver any and all written instruments of assignment and transfer. I further authorize the brokerage firm, acting upon Adviser’s instructions, to aggregate transaction orders for my account Account with orders for one or more other accounts over which Adviser the Authorized agent(s)/Advisor(s) has investment discretion trading authorization, or to accept or deliver assets pursuant to a separately executed authorization I have granted to my Authorized Agent(s)/advisor(s) in transactions executed by other brokerBroker-dealers Dealers where Adviser Authorized agent(s)/Advisor(s) has so aggregated orders. I agree that if any such aggregated order is executed in more than one transaction, my portion of such order may be deemed to have been executed at the weighted average of the prices at which all of such transactions were executed.

Trading Authorization. If I You confirm that you have indicated above entered into a Discretionary Management Agreement with WSI and agree to grant exclusive discretionary authority to WSI over your Account(s). You acknowledge and agree that my Adviser the Firm acts only as an order execution service and a custodian and that WSI is solely responsible to provide you with advice with respect to your Account(s). The Firm will have accept and carry out trading and other instructions from WSI without making recommendations or validating their suitability or appropriateness with respect to your personal circumstances. WSI is exclusively entitled to make all decisions relating to the securities held in your Account(s), including and without limitation, to exercise any voting, consent or conversion rights associated with such securities, and other corporate actions involving the securities in your Account(s). You authorize that WSI will provide the Firm with shareholder communication instructions, receive shareholder communication materials, trade confirmations and statements on your behalf. You understand that you may change this arrangement at any time by sending a written notice to the Firm. You agree that WSI has the authority to direct submit your funding and withdrawal instructions in relation to managing transfers between your Accounts and your bank account on record with the brokerage firm to execute trades in my account, I authorize my Adviser to be my agent and attorney-in-fact, and as such to give Firm. You acknowledge that WSI may provide instructions to the brokerage firm Firm regarding the amount and timing of any account, and to take all fees or other actions necessary or incidental charges applied to the execution of such instructionsAccounts. If my account has a margin featureFurther, my Adviser you acknowledge and agree that: (a) you are responsible for the Fees in respect to products and services for your Accounts, (b) WSI is authorized solely responsible in explaining to direct you the brokerage firm to trade on margin, to sell short, to borrow securities, to otherwise cause credit to applicable charges for your Accounts (which shall be extended through deducted from the Account and to secure the performance of obligations in the Account with any assets held in the Account Client's Accounts) and (c) the “Account Assets”)Firm may pay directly to WSI certain fees. If my account is authorized for option trading, my Adviser is authorized You agree to direct indemnify and hold the brokerage firm to purchase Firm harmless from and sell (write) index participation contracts against any losses and covered damages that may result from any actions which may occur in the Accounts in accordance with WSI's orders and uncovered option contracts on securities and securities-related indexes. The brokerage firm, and other people of brokerage firm have given instructions to in order to implement my Adviser’s instructions, may rely on my Adviser’s instructions without obtaining my approval, counter-signature or co-signature. The Adviser’s authority will include, without limitation, the authority to give instructions for transactions in securities and financial instruments, including the buying amount and selling timing of stocksany fees paid to WSI or WSI's failure to repay fees as required. This authorization and your promise to pay the Firm for any losses are in addition to any rights the Firm may have under other agreements between the both of us. This authorization is not meant to limit or restrict the Firm's rights in any way. In no case shall the Firm be held liable to the Client's legal representatives, bondsheirs, debenturesexecutors, notesadministrators, subscription warrantssuccessors and assigns, stock purchase warrants, covered options (if I have authorized trading covered options), mutual fund shares, evidences for the execution of indebtedness any Transactions made in accordance with WSI's orders and any other securities, instruments or contracts relating to securities; instructions and for purchases, sales and where necessary to complete any transaction, the authority to transfer, convert, endorse, sell assign, set over and deliver any Account Assets and to make, execute, and deliver you hereby ratify any and all written instruments of assignment such Transactions. You acknowledge and transfer. I further authorize the brokerage firm, acting upon Adviser’s instructions, to aggregate transaction orders for my account with orders for one or more other accounts over which Adviser has investment discretion or to accept or deliver assets in transactions executed by other broker-dealers where Adviser has so aggregated orders. I agree that if any such aggregated order is executed you are solely responsible for monitoring the actions of WSI in more than one transaction, my portion of such order may be deemed to have been executed at the weighted average of the prices at which all of such transactions were executedAccounts.

Trading Authorization. If I You confirm that you have indicated above entered into a Discretionary Management Agreement with WSI and agree to grant exclusive discretionary authority to WSI over your Account(s). You acknowledge and agree that my Adviser the Firm acts only as an order execution service and a custodian and that WSI is solely responsible to provide you with advice with respect to your Account(s). The Firm will have accept and carry out trading and other instructions from WSI without making recommendations or validating their suitability or appropriateness with respect to your personal circumstances. WSI is exclusively entitled to make all decisions relating to the securities held in your Account(s), including and without limitation, to exercise any voting, consent or conversion rights associated with such securities, and other corporate actions involving the securities in your Account(s). You authorize that WSI will provide the Firm with shareholder communication instructions, receive shareholder communication materials, trade confirmations and statements on your behalf. You understand that you may change this arrangement at any time by sending a written notice to the Firm. You agree that WSI has the authority to direct submit your funding and withdrawal instructions in relation to managing transfers between your Accounts and your bank account on record with the brokerage firm to execute trades in my account, I authorize my Adviser to be my agent and attorney-in-fact, and as such to give Firm. You acknowledge that WSI may provide instructions to the brokerage firm Firm regarding the amount and timing of any account, and to take all fees or other actions necessary or incidental charges applied to the execution of such instructionsAccounts. If my account has a margin featureFurther, my Adviser you acknowledge and agree that: (a) you are responsible for the Fees in respect to products and services for your Accounts, (b) WSI is authorized solely responsible in explaining to direct you the brokerage firm to trade on margin, to sell short, to borrow securities, to otherwise cause credit to applicable charges for your Accounts (which shall be extended through deducted from the Account and to secure the performance of obligations in the Account with any assets held in the Account Client’s Accounts) and (c) the “Account Assets”)Firm may pay directly to WSI certain fees. If my account is authorized for option trading, my Adviser is authorized You agree to direct indemnify and hold the brokerage firm to purchase Firm harmless from and sell (write) index participation contracts against any losses and covered damages that may result from any actions which may occur in the Accounts in accordance with WSI’s orders and uncovered option contracts on securities and securities-related indexes. The brokerage firm, and other people of brokerage firm have given instructions to in order to implement my Adviser’s instructions, may rely on my Adviser’s instructions without obtaining my approval, counter-signature or co-signature. The Adviser’s authority will include, without limitation, the authority to give instructions for transactions in securities and financial instruments, including the buying amount and selling timing of stocksany fees paid to WSI or WSI’s failure to repay fees as required. This authorization and your promise to pay the Firm for any losses are in addition to any rights the Firm may have under other agreements between the both of us. This authorization is not meant to limit or restrict the Firm’s rights in any way. In no case shall the Firm be held liable to the Client’s legal representatives, bondsheirs, debenturesexecutors, notesadministrators, subscription warrantssuccessors and assigns, stock purchase warrants, covered options (if I have authorized trading covered options), mutual fund shares, evidences for the execution of indebtedness any Transactions made in accordance with WSI’s orders and any other securities, instruments or contracts relating to securities; instructions and for purchases, sales and where necessary to complete any transaction, the authority to transfer, convert, endorse, sell assign, set over and deliver any Account Assets and to make, execute, and deliver you hereby ratify any and all written instruments of assignment such Transactions. You acknowledge and transfer. I further authorize the brokerage firm, acting upon Adviser’s instructions, to aggregate transaction orders for my account with orders for one or more other accounts over which Adviser has investment discretion or to accept or deliver assets in transactions executed by other broker-dealers where Adviser has so aggregated orders. I agree that if any such aggregated order is executed you are solely responsible for monitoring the actions of WSI in more than one transaction, my portion of such order may be deemed to have been executed at the weighted average of the prices at which all of such transactions were executedAccounts.

Trading Authorization. If A. I have indicated above on the Fidelity Brokerage Application that I have authorized one or more Authorized agent(s)/Advisor(s) to execute trades on my account, and Fidelity is authorized and directed to accept any trading, servicing, or account-related instruction of the Authorized agent(s)/Advisor(s) on my behalf. Fidelity reserves the right, but is B. I understand and agree that: 1. Fidelity is authorized and directed to accept the instructions of my Authorized agent(s)/Advisor(s) on my behalf. This authorization shall be applicable to all assets I hold in the specified account. Fidelity reserves the right, but is not obligated, to confirm with me any of my Authorized agent’s(s’)/Advisor’s(s’) instructions prior to acting on such instructions, including requests to change the address or email address on my account. 2. By granting trading authorization to my Authorized agent(s)/ Advisor(s), I understand and agree that my Adviser advisor will have the authority ability to direct the brokerage firm instruct Fidelity to execute trades in initiate transfers of cash from my bank account to my Fidelity account, I authorize my Adviser based on standing written funds transfer instructions provided by me to be my agent and attorney-in-fact, and as such to give instructions to the brokerage firm regarding any account, and to take all other actions necessary or incidental to the execution of such instructionsFidelity. 3. If my account has a margin feature, my Adviser Fidelity is further authorized to direct the brokerage firm to trade on margin, to sell short, to borrow securities, to otherwise cause credit to be extended through the Account and to secure the performance of obligations in the Account with any assets held in the Account (the “Account Assets”). If act upon my account is authorized for option trading, my Adviser is authorized to direct the brokerage firm to purchase and sell (writeAuthorized agent’s(s’)/Advisor’s(s’) index participation contracts and covered and uncovered option contracts on securities and securities-related indexes. The brokerage firm, and other people of brokerage firm have given instructions to in order to implement my Adviser’s instructions, may rely on my Adviser’s instructions without obtaining my approval, counter-signature or co-signature. The Adviser’s authority will include, without limitation, the authority to give instructions for transactions in securities and financial instruments, including the buying and selling of stocks, bonds, debentures, notes, subscription warrants, stock purchase warrants, covered options (if I have authorized trading covered options), mutual fund shares, evidences of indebtedness and any other securities, instruments or contracts relating to securities; and for purchases, sales and where necessary to complete any transaction, the authority to transfer, convert, endorse, sell assign, set over and deliver any Account Assets and to make, execute, and deliver any and all written instruments of assignment and transfer. I further authorize the brokerage firm, acting upon Adviser’s instructions, to aggregate transaction orders for my account Account with orders for one or more other accounts over which Adviser the Authorized agent(s)/Advisor(s) has investment discretion trading authorization, or to accept or deliver assets pursuant to a separately executed authorization I have granted to my Authorized Agent(s)/ advisor(s) in transactions executed by other broker-dealers Broker/Dealers where Adviser Authorized agent(s)/Advisor(s) has so aggregated orders. I agree that if any such aggregated order is executed in more than one transaction, my portion of such order may be deemed to have been executed at the weighted average of the prices at which all of such transactions were executed.

Trading Authorization. If I have indicated above that my Adviser will have In connection with the authority to direct Custody Account established with the brokerage firm to execute trades Custodian, the Account Owner hereby authorizes the Advisor, named in my accountsection 2.1, I authorize my Adviser to be my and each Selected Manager, if any, as the agent and attorney-in-factfact to buy, sell, and as such to give instructions to the brokerage firm regarding any accounttrade (including exchange and reorganization transactions, and attending to take corporate actions) any Authorized Investment (as defined in Section 8.3) for the undersigned’s Custody Account. In all such purchases, sales, trades or other transactions, Custodian is authorized to follow instructions of the Advisor and each Selected Manager, if any (received by written, oral, or electronic transmission) in every respect concerning the Custody Account with Custodian and the Advisor and each Selected Manager, if any, is authorized to act for the Account Owner and on the Account Owner’s behalf in the same manner and with the same force and effect as the Account Owner might or could do with respect to such purchases, sales or trades, as well as with respect to all other actions things necessary or incidental to the execution furtherance or conduct of such instructions. If my account has a margin featurepurchases, my Adviser is authorized sales, trades, or other activity with respect to direct management of the brokerage firm to trade on margin, to sell short, to borrow securities, to otherwise cause credit to be extended through the Account and to secure the performance of obligations assets in the Account with any assets held in the Account (the “Account Assets”). If my account is authorized for option trading, my Adviser is authorized to direct the brokerage firm to purchase and sell (write) index participation contracts and covered and uncovered option contracts on securities and securities-related indexesCustody Account. The brokerage firm, Account Owner hereby ratifies and other people of brokerage firm have given instructions to in order to implement my Adviser’s instructions, may rely on my Adviser’s instructions without obtaining my approval, counter-signature or co-signature. The Adviser’s authority will include, without limitation, the authority to give instructions for transactions in securities and financial instruments, including the buying and selling of stocks, bonds, debentures, notes, subscription warrants, stock purchase warrants, covered options (if I have authorized trading covered options), mutual fund shares, evidences of indebtedness and any other securities, instruments or contracts relating to securities; and for purchases, sales and where necessary to complete any transaction, the authority to transfer, convert, endorse, sell assign, set over and deliver any Account Assets and to make, execute, and deliver confirms any and all transactions with Custodian theretofore or hereafter made by the aforesaid Advisor and each Selected Manager, if any, for the Custody Account. This authorization is in addition to (and in no way limits or restricts) any rights which Advisor or any Selected Manager may have under any other agreement or agreements between the Account Owner and Advisor or that Selected Manager, respectively. This authorization with respect to Advisor is also a continuing one and shall remain in full force and effect until revoked by the Account Owner by a written instruments notice addressed to Custodian and delivered by certified mail to its office, but such revocation shall not affect liability in any way resulting from transactions initiated prior to such revocation, and shall not be effective until the first business day following the day that the revocation is received by Custodian. This authorization with respect to a particular Selected Manager is also a continuing one and shall remain in full force and effect until revoked by the Account Owner by a written notice addressed to Custodian and delivered by certified mail to its office or revoked by Advisor by written notice to Custodian or other means of assignment communication mutually agreed between Advisor and transferCustodian, but such revocation shall not affect liability in any way resulting from transactions initiated prior to such revocation, and shall not be effective until the first business day following the day that the revocation is received by Custodian. I further authorize In addition, Custodian may rely upon an oral revocation by the brokerage firmAccount Owner, acting upon Advisereffective immediately, if Xxxxxxxxx believes said oral instructions to be in good faith and genuine. The Account Owner acknowledges and agrees that the Custodian’s instructionsrole vis-à-vis Adviser and each Selected Manager is merely to carry out transactions as directed by the Advisor and each Selected Manager, if any. The Account Owner (and not Custodian) is responsible for investigating and selecting Advisor; and the Account Owner and/or Advisor (and not Custodian) is/are responsible for investigating and selecting each Selected Manager, if any. None of Advisor or any Selected Manager is controlled or employed by Xxxxxxxxx; and Custodian has no duty to aggregate transaction orders for my account with orders for one supervise or more other accounts over which Adviser has investment discretion monitor trading by Advisor or to accept or deliver assets in transactions executed by other broker-dealers where Adviser has so aggregated ordersany Selected Manager. I agree Custodian will send electronic monthly statements that if any such aggregated order is executed in more than one transaction, my portion of such order may be deemed to have been executed at confirm all activity within the weighted average of the prices at which all of such transactions were executedCustody Account.