EFTA01583239

Standing Instructions for Derivatives Collateral Transfers and Margin Loan Form - Overview and Instructions J.P. Morgan Overview WHAT ARE STANDING INSTRUCTIONS FOR DERIVATIVES COLLATERAL TRANSFERS AND MARGIN LOAN) The Standing Instructions for Derivatives Collateral Transfers and Margin Loan Perm is a form that allows 1.P. Morgan to move cash balances from your designated accounts to meet margin requirements. WHO SHOULD COMPUTE AND SIGN !MS STANDING INSTRUCTIONS Mau The Standing Instructions must be completed and signed by all parties that wish to engage In derivatives transactions In the Mu re. Instructions As you review and complete the Sanding Instructions Form, please keep the following Instructions In mind: • •ierHan A - V a Client is Trading, Section A Is mandatory; It allows J.P. Morgan to transfer cash out of your Asset With Brokerage Dertradves Account to cover margin. • aesLisuUt - U a Client is Trading, Section B is mandatory; It allows ).P. morgan to transfer cash into your Asset with Brokerage Derivatives Account to return excess margin. • tuna., This Section Is optional; R allows Morgan to make transfers from your main account to your derivatives account to satisfy a margin call. Please indicate whether the authorization is for the undersigned's existing account or a new account (Check one box only). • emetton Q.- This Section is optional; it allows J.P. Morgan to make transfers from your margin account (Reg T fadlIty) to your derivatives account to satisfy a margin call. Please indicate whether the authorization Is for the undersigned's existing account or a new account (Chedc one box only). • Nertinn F - This Section Is optional; it allows J.P. Morgan to return any excess cash to your margin account (Reg 7 facility) (Check box to select). • Page 2 - SISLCIKLUIS - Please sign, Date and Print your Name (Name of the Account Owner) By signing below, the undersigned has elected to authorize, direct, and empower )Morgan Chase Bank, NA., LP. Morgan Securities LW, and LP. Morgan Gearing Corp. (collectively, with their respective affiliates, ').P. Morgan') to take the following actions on the undersigned's behalf, whidi J.P. Morgan may do, but Is not obligated to do, and to make adjustments for any erroneous entries. A. Transfer of Cash to Satisfy Margin Calls (Mandatory If dient is trading) In the event that the undersigned Is required to pledge additional cash (a *Derivatives Margin Car) to secure the undersigned's obligations of payment or perarmance, whether joint or several, contingent or otherwise, that the undersigned has to any l.P. Morgan entity for transactions entered Into pursuant to the Client Agreement and the OTC Addendum, the 1SOA Master Agreement and any amendments, modifications, restatements, supplements, addenda, or similar documentation delivered in connection therewith (collectively, •Derivatives Obligations", J.P. Morgan is authorized, without notice to the undersigned, to debit such amounts and transfer such ash (as determined by J.P. Morgan to be nece•rery to satisfy any Derivatives Margin (all) from the undersigned: J.P. Morgan account noted below (*Asset With Brokerage Derivatives Account". This authortzatlon Is for an account that will be established by the undersigned in connection with the execution of this authorization. The undersigned hereby agrees that upon the account's establishment and the assignment of an account number, J.D. Morgan will send the undersigned a confirmation statement verifying the accounts establishment, the account number, and that this authorization applies to the account. B. Return of Excess Margin (Mandatory if Client is trading) In the event that the cash pledged by the undersigned to J.P. Morgan to secure the undersigned's Denvatives Obligations (coNecUveiy, 'Derivatives Collateral) on any day exceeds the aggregate amount of the undersigned's Derivatives Obligations to the ).P. Morgan entity(les) that is/are a party to such Derivatives Obligations, 1.P. Morgan is authorized, without notice to the undersigned, to transfer such excess Derivatives Collateral to the undersigned's Asset With Brokerage Derivatives Account. C. Transfers from Main Account to Derivatives Account (Optional) Further, by checking the boxes below, the undersigned has elected to authorize, direct, and empower J.P. Morgan to take the following additional actions on the undersigned's behalf, which J.P. Morgan may do, but is not obligated to do, and to make adjustments for any erroneous entries. If the cash maintained In the undersigned's Asset With Brokerage Derivatives Account Is Insufficient to meet any Derivatives Margin Call, J.P. Morgan is authorized, without notice to the undersigned, to debit such amounts and transfer such cash (as determined by J.P. Morgan to be necessary to satisfy any Derivatives Margin Call) from the undersigned's J.P. Morgan account noted below ("Asset With Brokerage Account'). K This authorization Is for the undersigned's existing account. Enter Account Number: K This authorization Ls for an account that will be established by the undersigned in connection with the execution of this authorization. The undersigned hereby agrees that upon the account's establishment and the assignment of an account number, J.P. Morgan will send the undersigned a confirmation statement verifying the account's establishment, the account number, and that this authorization applies to the account. J.P. Morgan Use Only Title SPN CAS Page 1 of 2 Banker/Investor 4/13 131 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00062875 EFTA01583239