**Exhibit 10.04**

****

**222 South Riverside Plaza, Suite 900Chicago, IL 60606**

The process of trading begins with your completing atleast one set of account forms.

This Application containsa negotiable contract (the “Account Agreement”) through which you agree toassume certain contractual obligations and contractually waive certain rights.Accordingly, this Account Application, including the Account Agreement, MUST BEREAD CAREFULLY and signed by EVERY person or group trading contracts as definedby the account agreement through R.J. O’Brien (“RJO”). Original agreements mustbe completed and returned to your broker. Customers may print out accountagreements from the Internet and send original signed documentation back tobroker. However, customers utilizing Internet forms should pay particularattention to paragraph 13 of the Account Agreement.

Please be sure that youread and understand everything in this Application. Fill it out fully andlegibly, signing and dating, in ink, where required. Otherwise, the opening ofyour account may be delayed. A new account can be traded only when theApplication and initial funds are accepted in, and the Application is approvedby, RJO’s Chicago office. 

SINCE TRADES INVOLVE ANIMMEDIATE OBLIGATION BY RJO TO THE RESPECTIVE EXCHANGES, UNLESS OTHERARRANGEMENTS HAVE BEEN MADE, YOUR TRADING CAN BEGIN ONLY WHEN CLEARED FUNDS ARERECEIVED BY R.J. O’BRIEN, IN THE FORM OF:

A.                      A **bank wire**to the Harris Trust & SavingsBank of Chicago for the account of R.J. O’Brien, Customer Segregated Account367-171-6. The ABA routing, if necessary, is 071-000-288. (Be sure to includeyour name as it appears on your account agreement and also your completeaccount number.);

B.                        A **certified check or cashier’s check**madepayable to R.J. O’Brien. If this is a new account, personal checks, moneymarket checks and savings and loan checks may require clearance before you cantrade. In addition, the originating source of all funds coming into the accountmust match the name on the account;

C.                        **TRANSFER of funds and/or existing positions**toyour account from another firm. When transferring an account, please fill outthe Account Transfer Form in the back of this booklet, return it to RJO withall other required documents (via your Introducing Broker, if any), and RJOwill apply positions and funds to your account accordingly.

WHEN YOUR ACCOUNT IS OPENAND TRADING, READ YOUR STATEMENTS CAREFULLY, AS SOON AS THEY ARE RECEIVED. Ifyou plan to be away, check in with your broker as frequently as prudent! *Do not delay reviewing your trading status.*Ifyou have ANY questions about an individual trade or your balance or position,either phone your account representative (broker) immediately, or if he or sheis unavailable or a problem is not resolved at once, call the RJO Compliancestaff in Chicago at 312-373-5000.

**ATTENTION:                      Please make a copyof this entire account application for your records.**

Rev. 1/05

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**RISK DISCLOSURESTATEMENT FOR FUTURES AND OPTIONS**

This brief statement doesnot disclose all of the risks and other significant aspects of trading infutures and options. In light of the risks, you should undertake suchtransactions only if you understand the nature of the contracts (andcontractual relationships) into which you are entering and the extent of yourexposure to risk. Trading in futures and options is not suitable for manymembers of the public. You should carefully consider whether trading isappropriate for you in light of your experience, objectives, financialresources and other relevant circumstances.

**Futures**

*1.*Effect of “Leverage” or “Gearing”

Transactions in futurescarry a high degree of risk. The amount of initial margin is small relative tothe value of the futures contract so that transactions are “leveraged” or“geared.” A relatively small market movement will have a proportionately largerimpact on the funds you have deposited or will have to deposit: this may workagainst you as well as for you. You may sustain a total loss of initial marginfunds and any additional funds deposited with the firm to maintain yourposition. If the market moves against your position or margin levels areincreased, you may be called upon to pay substantial additional funds on shortnotice to maintain your position. If you fail to comply with a request foradditional funds within the time prescribed, your position may be liquidated ata loss and you will be liable for any resulting deficit.

*2. Risk-reducingorders or strategies*

The placing of certainorders (e.g. “stop-loss” orders, where permitted under local law, or“stop-limit” orders) which are intended to limit losses to certain amounts maynot be effective because market conditions may make it impossible to executesuch orders. Strategies using combinations of positions, such as “spread” and“straddle” positions may be as risky as taking simple “long” or “short”positions.

**Options**

*3. Variable degreeof risk*

Transactions in optionscarry a high degree of risk. Purchasers and sellers of options shouldfamiliarize themselves with the type of option (i.e. put or call) which theycontemplate trading and the associated risks. You should calculate the extentto which the value of the options must increase for your position to becomeprofitable, taking into account the premium and all transaction costs.

The purchaser of optionsmay offset or exercise the options or allow the options to expire. The exerciseof an option results either in a cash settlement or in the purchaser acquiringor delivering the underlying interest. If the option is on a future, thepurchaser will acquire a futures position with associated liabilities formargin (see the section on Futures above). If the purchased options expireworthless, you will suffer a total loss of your investment which will consistof the option premium plus transaction costs. If you are contemplatingpurchasing deep-out-of the-money options, you should be aware that the chanceof such options becoming profitable ordinarily is remote.

Selling (“writing” or“granting”) an option generally entails considerably greater risk than purchasingoptions. Although the premium received by the seller is fixed, the seller maysustain a loss well in excess of that amount. The seller will be liable foradditional margin to maintain the position if the market moves unfavorably. Theseller will also be exposed to the risk of the purchaser exercising the optionand the seller will be obligated to either settle the option in cash or toacquire or deliver the underlying interest. If the option is on a future, theseller will acquire a position in a future with associated liabilities formargin (see the section on Futures above). If the option is “covered” by theseller holding a corresponding position in the underlying interest or a futureor another option, the risk may be reduced. If the option is not covered, therisk of loss can be unlimited.

Certain exchanges in somejurisdictions permit deferred payment of the option premium, exposing thepurchaser to liability for margin payments not exceeding the amount of thepremium. The purchaser is still subject to the risk of losing the premium andtransaction costs. When the option is exercised or expires, the purchaser isresponsible for any unpaid premium outstanding at that time.

**Additional riskscommon to futures and options**

*4. Terms andconditions of contracts*

You should ask the firmwith which you deal about the terms and conditions of the specific futures oroptions which you are trading and associated obligations (e.g., thecircumstances under which you may become obligated to make or take delivery ofthe underlying interest of a futures contract and, in respect to options,expiration dates and restrictions on the time for exercise). Under certaincircumstances the specifications of outstanding contracts (including theexercise price of an option) may be modified by the exchange or clearing houseto reflect changes in the underlying interest.

*5. Suspension orrestriction of trading and pricing relationships*

Market conditions (e.g.illiquidity) and/or the operation of the rules of certain markets (e.g. thesuspension of trading in any contract or contract month because of price limitsor “circuit breakers”) may increase the risk of loss by making it difficult orimpossible to effect transactions or liquidate/offset positions. If you havesold options, this may increase the risk of loss. Further, normal pricingrelationships between the underlying interest and the future, and theunderlying interest and the option may not exist. This can occur when, forexample, the futures contract underlying the option is subject to price limitswhile the option is not. The absence of an underlying reference price may makeit difficult to judge “fair” value.

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*6. Deposited cash and property*

You should familiarize yourself with the protectionsaccorded money or other property you deposit for domestic and foreigntransactions, particularly in the event of a firm insolvency or bankruptcy. Theextent to which you may recover your money or property may be governed byspecific legislation or local rules. In some jurisdictions, property which hadbeen specifically identifiable as your own will be pro-rated in the same manneras cash for purposes of distribution in the event of a shortfall.

*7. Commission and other charges*

Before you begin to trade, you should obtain a clearexplanation of all commission, fees and other charges for which you will beliable. These charges will affect your net profit (if any) or increase yourloss.

*8. Transactions in otherjurisdictions*

Transactions on markets in other jurisdictions,including markets formally linked to a domestic market, may expose you toadditional risk. Such markets may be subject to regulation which may offerdifferent or diminished investor protection. Before you trade you shouldinquire about any rules relevant to your particular transactions. Your localregulatory authority will be unable to compel the enforcement of the rules ofregulatory authorities or markets in other jurisdictions where yourtransactions have been effected. You should ask the firm with which you dealfor details about the types of redress available in both your home jurisdictionand other relevant jurisdictions before you start to trade.

*9. Currency risks*

The profit or loss in transactions in foreign currencydenominated contracts (whether they are traded in your own or anotherjurisdiction) will be affected by fluctuations in currency rates where there isa need to convert from the currency denomination of the contract to anothercurrency.

*10. Trading facilities*

Most open-outcry and electronic trading facilities aresupported by computer-based component systems for the order routing, execution,matching, registration or clearing of trades. As with all facilities andsystems, they are vulnerable to temporary disruption or failure. Your abilityto recover certain losses may be subject to limits on liability imposed by thesystem provider, the market, the clearinghouse and/or member firms. Such limitsmay vary: you should ask the firm with which you deal for details in thisrespect.

*11. Electronic trading*

Trading on an electronic trading system may differ notonly from trading in an open-outcry market but also from trading on otherelectronic trading systems. If you undertake transactions on an electronictrading system, you will be exposed to risks associated with the systemincluding the failure of hardware and software. The result of any systemfailure may be that your order is either not executed according to yourinstructions or is not executed at all.

*12. Off-exchange transactions*

In some jurisdictions, and only then in restrictedcircumstances, firms are permitted to effect off-exchange transactions. Thefirm with which you deal may be acting as your counterparty to the transaction.It may be difficult or impossible to liquidate an existing position, to assessthe value, to determine a firm price or to assess the exposure to risk, Forthese reasons, these transactions may involve increased risks. Off-exchangetransactions may be less regulated or subject to a separate regulatory regime.Before you undertake such transactions, you should familiarize yourself withapplicable rules and attendant risks.

**I hereby acknowledge that I havereceived and understood this Risk Disclosure Statement.**
|        | If Individual or Joint Account:                                                  |                                                     |   |   |   |
|--------|----------------------------------------------------------------------------------|----------------------------------------------------------|--------|--------|--------|
|   |                                                                             |                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   | Print Customer  Name                                                             |                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   | X                                                                                |                                                     |   |   |   |   |
|   | Customer  Signature                                                              | Date                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   | Print Joint  Party Name                                                          |                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   | X                                                                                |                                                     |   |   |   |   |
|   | Joint Party  Signature                                                           | Date                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   |                                                                             |
|        | If Corporation, Partnership, or other entity: (All  General Partners must sign), |                                                     |
|   |                                                                             |                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   | X                                                                                | /s/ Annette A. Cazenave Sr. V. Pres., Refco Comm.  Mgmt. |   |   |   |
|   | Signature                                                                        | Title                                                    |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   | 9/27/06                                                                          |                                                     |   |   |   |
|   | Date                                                                             |                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   | X                                                                                |                                                     |   |   |   |   |
|   | Signature                                                                        | Title                                                    |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   |                                                                             |                                                     |   |   |   |
|   | Date                                                                             |                                                     |   |   |   |

 

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**PRIVACY POLICY**
| R.J. O’Brien and |                          |     believe in  respecting the privacy and security |
|-----------------------|-------------------------------|--------------------------------------------------------------------|
|                  | (Name of  Introducing Broker) |                                                               |

of your personal information. Please read this Privacy Policycarefully.

We do not disclose any nonpublic personal informationabout our customers or former customers to anyone, except as permitted by law.

**Collection of Information**

We collect nonpublic personal information about you from the followingsources:

·                             Informationwe receive from you on applications or other forms;

·                             Informationabout your transactions with us, our affiliates or others; and

·                             Informationwe receive from a consumer reporting agency.

**Information Sharing withNonaffiliated Third Parties as Permitted by Law**

We are permitted by law to share all the informationwe collect, as described above, with (1) companies that perform marketingservices on our behalf and (2) other third parties that assist us withpreparing and processing orders and statements.

**Confidentiality and Security**

We restrict access to nonpublic personal informationabout you to those employees who need to know that information to provideproducts or services to you. We maintain physical, electronic and proceduralsafeguards that are designed to protect your nonpublic information.

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**NOTICE TOCUSTOMERS**

To help the government fight the funding of terrorismand money laundering activities, Federal law requires all financialinstitutions to obtain, verify, and record information that identifies eachperson who opens an account.

What this means for you: When you open an account, wewill ask for your name, address, date of birth and other information that willallow us to identify you. We may also ask to see your driver’s license or otheridentifying documents.

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**INSTRUCTIONSFOR ACCOUNT FORMS**
| **Risk Disclosure Statement for Futures and Options**                              |   | Pages 2-3    |
|------------------------------------------------------------------------------------|--------|--------------|
| (This CFTC Risk  Disclosure must be signed by all customers.)                      |   |         |
|                                                                               |   |         |
| **Privacy  Policy**                                                                |   | Page 4       |
| (Please review)                                                                    |   |         |
|                                                                               |   |         |
| **Notice  to Customers**                                                           |   | Page 5       |
| (Please review)                                                                    |   |         |
|                                                                               |   |         |
| **Account  Application**                                                           |   | Page 7       |
| (All customers  must complete.)                                                    |   |         |
|                                                                               |   |         |
| **General  Partner Information**                                                   |   | Pages 8-9    |
| (All General  Partners of a Partnership must complete.)                            |   |         |
|                                                                               |   |         |
| **Account  Agreement**                                                             |   | Pages 10-16  |
| (Please review  and sign were applicable.)                                         |   |         |
|                                                                               |   |         |
| **Personal  Guarantee**                                                            |   | Page 17      |
| (All Corporate,  LLC, and Partnership accounts must sign.)                         |   |         |
|                                                                               |   |         |
| **Exercise  and Assignment Policy**                                                |   | Page 18      |
| (Must be signed  by all customers.)                                                |   |         |
|                                                                               |   |         |
| **Hedge  Agreement**                                                               |   | Page 19      |
| (All customers  requesting bone fide hedge margins must complete and sign.)        |   |         |
|                                                                               |   |         |
| **Introducing  Broker Authorization**                                              |   | Page 20 |
| (Must be signed  by all customers.)                                                |   |         |
|                                                                               |   |         |
| **Trading  and Order Routing Disclosure Statement**                                |   | Page 22      |
| (Must be  reviewed by all customers.)                                              |   |         |
|                                                                               |   |         |
| **New York  Board of Trade Electronic Order Routing Systems Disclosure Statement** |   | Page 23      |
| (Must be  reviewed by all customers.)                                              |   |         |
|                                                                               |   |         |
| **Additional  Risk Disclosure**                                                    |   | Page 24      |
| (All customers  must review and sign if applicable.)                               |   |         |
|                                                                               |   |         |
| **Request  for Electronic Transmission of Customer Statements**                    |   | Page 25      |
| (Must be signed  by all customers requesting statements be sent electronically.)   |   |         |
|                                                                               |   |         |
| **Internal  Revenue Code Substitute Form W-9**                                     |   | Page 26      |
| (Must be  completed by all U.S. Citizens.)                                         |   |         |
|                                                                               |   |         |
| **Account  Transfer Form**                                                         |   | Page 27      |

** **

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**PARTNERSHIPINDIVIDUAL GENERAL PARTNER INFORMATION**

**1) General Partner**
| Refco Comm. Mgmt. |   | 41 - 1457292                |   |       |   |          |
|-------------------|--------|-----------------------------|--------|------------|--------|---------------|
| Name              |   | Social Security             |   | Occupation |   | Date of Birth |
|              |   | Refco Commodity Mgmt. Inc.. |   |       |   |          |
| Employer Name     |   | Nature of Business          |   |       |   |          |
| 312  - 456 - 6462 |   |                        |   |       |   |          |
| Daytime Phone     |   | Home Phone                  |   | Fax Phone  |   |          |

 

**Financials**

 
| Annual Income:                                  |   | Liquid Net  Worth:**                  |   | Total Net Worth:                      |
|-------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|
| o  $25,000  - $50,000*                |   | o  $5,000  - $25,000        |   | o  $5,000  - $25,000        |
| o  $50,000  - $100,000                |   | o  $25,000  - $50,000       |   | o  $25,000  - $50,000       |
| o  $100,000  - $200,000               |   | o  $50,000  - $100,000      |   | o  $50,000  - $100,000      |
| o  $200,000  - $1,000,000             |   | o  $100,000  - $500,000     |   | o  $100,000  - $500,000     |
| o  over  $1,000,000                   |   | o  $500,000  - $1,000,000   |   | o  $500,000  - $1,000,000   |
|                                            |   | o  $1,000,000  - $2,000,000 |   | o  $1,000,000  - $2,000,000 |
| **If  under $25,000, give amount & source:* |   | o  $2,000,000  and over     |   | x  $2,000,000  and over     |
|                                            |   | ***Excluding  equity in home*         |   |                                  |

 

**InvestmentExperience**

 
| Futures: |   | Commodity  Options: |             | Commodity Funds: |             | Stocks/Bonds: |
|----------|--------|---------------------|------------------|------------------|------------------|---------------|
| x        | Yes    |                | o  Yes |             | x  Yes |          | o  Yes |
| o        | No     |                | x  No  |             | o  No  |          | x  No |
| 9        | Years  |                | ___ Years        |             | _9  Years   |          | ___ Years |

 
| *If  yes, please list accounts:* |   |              |   |                |   |   |   |              |   |                |
|----------------------------------|--------|-------------------|--------|---------------------|--------|--------|--------|-------------------|--------|---------------------|
| * *                         |   | o  Open |   | o  Closed |   |   |   | o  Open |   | o  Closed |
| Firm                             |   |              |   |                |   | Firm   |   |              |   |                |

 

Do you understand:
| x      | Yes    |   | o  No |   | Basics of  Futures Trading?                                                                                  |
|--------|--------|--------|-----------------|--------|--------------------------------------------------------------------------------------------------------------|
| x      | Yes    |   | o  No |   | Risks of Loss  and the Possibility of Incurring a Debit?                                                     |
| o      | Yes    |   | o  No |   | RJO Margin  Policy? (See Account Agreement, section 3)                                                       |
| x      | Yes    |   | o  No |   | Is Futures  Trading Suitable for you?                                                                        |
| x      | Yes    |   | o  No |   | Are you an  employee or member of any futures or securities exchange, NFA, NASD; a member  firm of either of |
|   |   |   |            |   | those entities  or an employee of RJO?  *If yes, list*:                                                 | Member NFA |   |

 

**2) General Partner**
|          |   |               |   |       |   |          |
|---------------|--------|--------------------|--------|------------|--------|---------------|
| Name          |   | Social Security    |   | Occupation |   | Date of Birth |
|          |   |               |   |       |   |          |
| Employer Name |   | Nature of Business |   |       |   |          |
|          |   |               |   |       |   |          |
| Daytime Phone |   | Home Phone         |   | Fax Phone  |   |          |

 

**Financials**

 
| Annual Income:                                  |   | Liquid Net  Worth:**                  |   | Total Net Worth:                      |
|-------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|
| o  $25,000  - $50,000*                |   | o  $5,000  - $25,000        |   | o  $5,000  - $25,000        |
| o  $50,000  - $100,000                |   | o  $25,000  - $50,000       |   | o  $25,000  - $50,000       |
| o  $100,000  - $200,000               |   | o  $50,000  - $100,000      |   | o  $50,000  - $100,000      |
| o  $200,000  - $1,000,000             |   | o  $100,000  - $500,000     |   | o  $100,000  - $500,000     |
| o  over  $1,000,000                   |   | o  $500,000  - $1,000,000   |   | o  $500,000  - $1,000,000   |
|                                            |   | o  $1,000,000  - $2,000,000 |   | o  $1,000,000  - $2,000,000 |
| **If  under $25,000, give amount & source:* |   | o  $2,000,000  and over     |   | o  $2,000,000  and over     |
|                                            |   | ***Excluding  equity in home*         |   |                                  |

** **

**InvestmentExperience**

 
| Futures:         |   | Commodity  Options: |   | Commodity Funds  |   | Stocks/Bonds     |
|------------------|--------|---------------------|--------|------------------|--------|------------------|
| o  Yes |   | o  Yes    |   | o  Yes |   | o  Yes |
| o  No  |   | o  No     |   | o  No  |   | o  No  |
| ___ Years        |   | ___ Years           |   | ___ Years        |   | ___ Years        |

 
| *If  yes, please list accounts:* |   |              |   |                |   |   |   |              |   |                |
|----------------------------------|--------|-------------------|--------|---------------------|--------|--------|--------|-------------------|--------|---------------------|
| * *                         |   | o  Open |   | o  Closed |   |   |   | o  Open |   | o  Closed |

 

Do you understand:
| o  Yes |   | o  No |   | Basics of  Futures Trading?                                                                               |
|------------------|--------|-----------------|--------|-----------------------------------------------------------------------------------------------------------|
| o  Yes |   | o  No |   | Risks of Loss  and the Possibility of Incurring a Debit?                                                  |
| o  Yes |   | o  No |   | RJO Margin  Policy? (See Account Agreement, section 3)                                                    |
| o  Yes |   | o  No |   | Is Futures  Trading Suitable for you?                                                                     |
| o  Yes |   | o  No |   | Are you an  employee or member of any futures or securities exchange, NFA, NASD; a member  firm of either |
|             |   |            |   | of those  entities or an employee of RJO?  *If yes, list*:                                           |   |   |

 

8

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**3) General Partner**
|          |   |               |   |       |   |          |
|---------------|--------|--------------------|--------|------------|--------|---------------|
| Name          |   | Social Security    |   | Occupation |   | Date of Birth |
|          |   |               |   |       |   |          |
| Employer Name |   | Nature of Business |   |       |   |          |
|          |   |               |   |       |   |          |
| Daytime Phone |   | Home Phone         |   | Fax Phone  |   |          |

 

**Financials**

 
| Annual Income:                                  |   | Liquid Net  Worth:**                  |   | Total Net Worth:                      |
|-------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|
| o  $25,000  - $50,000*                |   | o  $5,000  - $25,000        |   | o  $5,000  - $25,000        |
| o  $50,000  - $100,000                |   | o  $25,000  - $50,000       |   | o  $25,000  - $50,000       |
| o  $100,000  - $200,000               |   | o  $50,000  - $100,000      |   | o  $50,000  - $100,000      |
| o  $200,000  - $1,000,000             |   | o  $100,000  - $500,000     |   | o  $100,000  - $500,000     |
| o  over  $1,000,000                   |   | o  $500,000  - $1,000,000   |   | o  $500,000  - $1,000,000   |
|                                            |   | o  $1,000,000  - $2,000,000 |   | o  $1,000,000  - $2,000,000 |
| **If  under $25,000, give amount & source:* |   | o  $2,000,000  and over     |   | o  $2,000,000  and over     |
|                                            |   | ***Excluding  equity in home*         |   |                                  |

 

**InvestmentExperience**

 
| Futures:         |   | Commodity  Options: |   | Commodity Funds  |   | Stocks/Bonds     |
|------------------|--------|---------------------|--------|------------------|--------|------------------|
| o  Yes |   | o  Yes    |   | o  Yes |   | o  Yes |
| o  No  |   | o  No     |   | o  No  |   | o  No  |
| ___ Years        |   | ___ Years           |   | ___ Years        |   | ___ Years        |

 
| *If  yes, please list accounts:* |   |              |   |                |   |   |   |              |   |                |
|----------------------------------|--------|-------------------|--------|---------------------|--------|--------|--------|-------------------|--------|---------------------|
| * *                         |   | o  Open |   | o  Closed |   |   |   | o  Open |   | o  Closed |
| Firm                             |   |              |   |                |   | Firm   |   |              |   |                |

 

Do you understand:
| o  Yes |   | o  No |   | Basics of  Futures Trading?                                                                               |
|------------------|--------|-----------------|--------|-----------------------------------------------------------------------------------------------------------|
| o  Yes |   | o  No |   | Risks of Loss  and the Possibility of Incurring a Debit?                                                  |
| o  Yes |   | o  No |   | RJO Margin  Policy? (See Account Agreement, section 3)                                                    |
| o  Yes |   | o  No |   | Is Futures  Trading Suitable for you?                                                                     |
| o  Yes |   | o  No |   | Are you an  employee or member of any futures or securities exchange, NFA, NASD; a member  firm of either |
|             |   |            |   | of those entities  or an employee of RJO?  *If yes, list*:                                           |   |   |

 

**4) General Partner**
|          |   |               |   |       |   |          |
|---------------|--------|--------------------|--------|------------|--------|---------------|
| Name          |   | Social Security    |   | Occupation |   | Date of Birth |
|          |   |               |   |       |   |          |
| Employer Name |   | Nature of Business |   |       |   |          |
|          |   |               |   |       |   |          |
| Daytime Phone |   | Home Phone         |   | Fax Phone  |   |          |

 

**Financials**

 
| Annual Income:                                  |   | Liquid Net  Worth:**                  |   | Total Net Worth:                      |
|-------------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|
| o  $25,000  - $50,000*                |   | o  $5,000  - $25,000        |   | o  $5,000  - $25,000        |
| o  $50,000  - $100,000                |   | o  $25,000  - $50,000       |   | o  $25,000  - $50,000       |
| o  $100,000  - $200,000               |   | o  $50,000  - $100,000      |   | o  $50,000  - $100,000      |
| o  $200,000  - $1,000,000             |   | o  $100,000  - $500,000     |   | o  $100,000  - $500,000     |
| o  over  $1,000,000                   |   | o  $500,000  - $1,000,000   |   | o  $500,000  - $1,000,000   |
|                                            |   | o  $1,000,000  - $2,000,000 |   | o  $1,000,000  - $2,000,000 |
| **If  under $25,000, give amount & source:* |   | o  $2,000,000  and over     |   | o  $2,000,000  and over     |
|                                            |   | ***Excluding  equity in home*         |   |                                  |

 

**InvestmentExperience**

 
| Futures:         |   | Commodity  Options: |   | Commodity Funds  |   | Stocks/Bonds     |
|------------------|--------|---------------------|--------|------------------|--------|------------------|
| o  Yes |   | o  Yes    |   | o  Yes |   | o  Yes |
| o  No  |   | o  No     |   | o  No  |   | o  No  |
| ___ Years        |   | ___ Years           |   | ___ Years        |   | ___ Years        |

 
| *If  yes, please list accounts:* |   |              |   |                |   |   |   |              |   |                |
|----------------------------------|--------|-------------------|--------|---------------------|--------|--------|--------|-------------------|--------|---------------------|
| * *                         |   | o  Open |   | o  Closed |   |   |   | o  Open |   | o  Closed |
| Firm                             |   |              |   |                |   | Firm   |   |              |   |                |

 

Do you understand:
| o  Yes |   | o  No |   | Basics of  Futures Trading?                                                                     |
|------------------|--------|-----------------|--------|-------------------------------------------------------------------------------------------------|
| o  Yes |   | o  No |   | Risks of Loss  and the Possibility of Incurring a Debit?                                        |
| o  Yes |   | o  No |   | RJO Margin  Policy? (See Account Agreement, section 3)                                          |
| o  Yes |   | o  No |   | Is Futures  Trading Suitable for you?                                                           |
| o  Yes |   | o  No |   | Are you an  employee or member of any futures or securities exchange, NFA, NASD; a member  firm |
|             |   |            |   | of either of  those entities or an employee of R.J. O’Brien?  *If yes,  list*:        |   |   |

 

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**ACCOUNT AGREEMENT**

**1. ACCOUNT STATUS**

R.J. O’Brien (RJO) agrees to accept and maintain forthe undersigned Customer one or more accounts and to act as broker or dealerfor Customer in the execution and clearance of orders for transactionsinvolving the purchase and sale of commodity futures contracts; options onfutures contracts; commodities and forward contracts, security futurescontracts (“SSF”); option, spot and forward foreign exchange transactions;exchange for physicals (“EFPs”); and any other cash transaction (individually,a “Contract” and collectively, “Contracts”). Customer hereby represents thatall responses made in connection with the Account Application and AccountAgreement are complete and correct, and that RJO will be informed of anymaterial change in such data, including financial information.

Customer warrants to RJO that if Customer is anindividual or if this is a joint account, Customer(s) is of legal age and ofsound mind. Unless otherwise indicated in the Application, no one except theCustomer(s) identified in the Account Application has an interest in theaccount(s).

Customer agrees to permit verification of relevantinformation by RJO through third parties (including credit reporting entities).In any event, this Account Agreement and the account(s) permitted hereunderbecome effective only upon acceptance by an authorized representative of RJO atits principal office in Chicago, Illinois.

**2. ACCOUNT RISKS**

Customer acknowledges the following:

A)                     TRADINGIN CONTRACTS IS HIGHLY SPECULATIVE AND IN NO SENSE MAY BE CONSIDERED ACONSERVATIVE “INVESTMENT”;

B)                       BECAUSEOF THE LOW MARGIN DEPOSITS NORMALLY UTILIZED AND THE VOLATILE PRICE MOVEMENTSWHICH CAN OCCUR IN THE CONTRACT MARKETS, THE POSSIBILITY OF RAPID ANDSUBSTANTIAL LOSSES IS CONTINUALLY PRESENT;

C)                       TRADINGIN CONTRACTS IS APPROPRIATE ONLY FOR THOSE PERSONS FINANCIALLY ABLE TOWITHSTAND SUBSTANTIAL LOSSES, SOMETIMES GREATLY EXCEEDING THE VALUE OF THEIRMARGIN DEPOSITS.

**3. MARGINS, DEPOSITS ANDBALANCES**

All checks and funds from Customer, to be credited toCustomer’s account(s), must be payable only to “R.J. O’Brien”. Customer agreesat all times to maintain such margin in his account as RJO may from time totime (at its sole discretion) require, and will meet all margin calls in a reasonableamount of time. Customer agrees that, if requested to do so, Customer willpromptly wire-transfer such funds. Market conditions permitting, RJO agrees tomake reasonable efforts to notify Customer of margin calls and/or deficienciesand to allow a reasonable period for Customer to provide funds. FOR THE PURPOSEOF THIS AGREEMENT, A REASONABLE AMOUNT OF TIME SHALL BE DEEMED TO BE ONE (1)HOUR, OR LESS THAN ONE HOUR IF, IN RJO’S BUSINESS JUDGMENT, MARKET CONDITIONSWARRANT. Customer further agrees that, notwithstanding anything in thisAgreement to the contrary, in the event that the account(s) is undermargined,has zero equity or is equity deficit at any time, or in the event that RJO isunable to contact Customer due to Customer’s unavailability or due to abreakdown in electronic communications, RJO shall have the right to liquidateall or any part of Customer’s positions through any means available, withoutprior notice to the Customer.

Furthermore, if at any time Customer’s account doesnot contain the amount of margin determined by RJO to be appropriate to protectit from adverse market activity, or in the case of Customer’s bankruptcy, orany other event which may cause RJO to be concerned over Customers ability toperform, RJO may at its sole discretion and without prior notice, to Customer, “straddle”or “spread” open positions, switch positions to another month, commodity orexchange, close out positions in whole or part, or limit and/or terminate theright of the Customer to trade in the account(s), other than for liquidation.RJO is authorized to take whatever action it deems necessary including, withoutprior demand or notice to Customer, hedging and/or offsetting of Customer’spositions in a cash market or otherwise, selling or otherwise liquidating anyproperty belonging to the Customer or in which the Customer has an interest,buying or borrowing any property required to make delivery against any sales,including short sales, effected for Customer’s account(s) or otherwiseliquidating the positions in Customer’s account(s) by exchange of future forphysical transactions, all for Customer’s sole account and risk. Suchliquidation, sale or purchase may be public or private and may be made withoutnotice to Customer and in such manner as RJO may, in its sole discretion,determine.

RJO may require margin in excess of that required byapplicable law, regulation, exchange or clearinghouse minimums. All depositsshall be deemed made only when cleared funds are actually received by RJO. If acheck is not honored or paid by a bank upon presentment, RJO will immediatelydebit Customer’s account for the amount of the returned check as well as anyfees incurred. Any failure by RJO to call for margin at any time shall notconstitute a waiver of RJO’s right to do so any time thereafter, nor shall suchfailure create any liability to the Customer. RJO shall not be liable toCustomer for the loss or loss of use of any margin deposits option premiums, orother property, which loss is the direct or indirect result of bankruptcy,insolvency, liquidation, receivership, custodianship, or assignment for thebenefit of creditors of any bank, other clearing broker, exchange, clearingorganization or similar entity.

RJO may, for any reason, require Customer to transferits account(s) to another firm. If Customer does not transfer its positionspromptly upon demand by RJO, RJO may liquidate the positions and Customeragrees to indemnify and hold RJO harmless from any and all losses resultingfrom such liquidation.

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The Customer acknowledges that RJO is hereby speciallyauthorized, for its account and benefit, from time to time and without noticeto it, either separately or with others, to lend, repledge, hypothecate orrehypothecate, either to itself or to others, any and all property (includingbut not limited to securities, commodities warehouse receipts or othernegotiable instruments) held by Customer in any of its accounts and RJO shallnot at any time be required to deliver to Customer such identical property butmay fulfill its obligation by delivery of property of the same kind and amount.

**4. DEBITBALANCES**

All monies, securities,negotiable instruments, open positions in Contracts, options premiums,commodities or other property now or at any future time on deposit or insafekeeping with RJO, shall constitute security for Customer’s obligationshereunder and Customer grants RJO the right to sell or use such security tooffset and credit any of those obligations not promptly paid. Customerunderstands that Customer is liable to RJO for any deficit (“debit”) balance inthe account(s) remaining after any such offset. If Customer does not promptlypay a debit in Customer’s account(s) and RJO deems it necessary to takecollection action, Customer will hold RJO harmless for all losses and expensesand will reimburse RJO for the debit and all costs incurred, includingreasonable attorneys’ fees in connection with such collection actions.

Customer agrees to pay interest on debit(s) at thegreater of 1% per month or at an annual rate of 1% over the prime rate at theHarris Trust & Savings Bank of Chicago.

**5. COMMISSIONS, FEES ANDOTHER COSTS**

Customer agrees to pay all commissions, fees and othercosts charged by RJO, including but not limited to, introducing broker andfloor brokerage, clearing, exchange and NFA fees. In the event that Customer’saccount is transferred to another broker, transfer commissions and/or servicefees may be charged. Any interest accrued in any account on excess cashbalances shall be retained by RJO. RJO shall be under no obligation to pay oraccount to Customer for any interest income or benefits that may be derivedfrom or use of client monies, reserves, deposits, cash equivalents or any otherproperty.

If Customer directs RJO to enter into any transactionwhich is effected in a foreign currency or if funds provided by Customerinvolve the use of a foreign currency: any profit or loss arising as a resultof a fluctuation in the exchange rate affecting such currency will be entirelyfor Customer’s account and risk. All initial and subsequent deposits for marginpurposes shall be made in U.S. dollars, unless otherwise requested in writingby Customer, and written approval from RJO is obtained. RJO is authorized toconvert funds in Customer’s account(s) into and from the relevant foreigncurrency at the rate of exchange plus appropriate fees, obtained from RJO orRJO’s banker.

**6. EXCHANGE AND FEDERALRULES**

All transactions handled by RJO on Customer’s behalfshall be subject to the constitution, regulations, customs and interpretationsof each exchange or market (and its clearing house, if any), on which thetrades are executed, and to all applicable governmental regulations. RJO shallnot be liable to Customer as a result of any action taken by RJO to comply withsuch rules. RJO’s violation of any exchange or other self regulatoryorganization’s regulations shall not provide Customer with either a defense toa claim by RJO or the basis of a claim against RJO.

In the event that the Customer is a regulated institutionor entity, Customer recognizes and acknowledges that it may be required tocomply with regulations including, but not limited to the Commodity ExchangeAct, and that RJO has no obligation to insure that Customer abides by the rulesand regulations pertaining to it.

**7. POSITIONS ANDDELIVERIES**

Customer authorizes RJO to purchase and sellContracts, in accordance with Customer’s oral or written instructions.

Customer acknowledges Customer’s reporting obligations(regarding certain sized positions) under CFTC Regulation 18.00. These sectionsobligate Customer to notify the CFTC on Form 40 on the first day that Customer’sposition is reportable (as defined in CFTC Regulation 15.03) and for each daythereafter as long as Customer holds the position.

Customer agrees to honor all assignments and deliverthe underlying commodity in the prescribed time. If Customer fails to sodeliver, Customer designates RJO to act as Customer’s agent to buy suchcommodity contracts so that the commitment is honored. If a call or a putoption is written on a futures contract, Customer realizes that Customer willbe required to purchase the underlying futures contract at the exercise pricein the event Customer receives a notice of assignment. Customer agrees to honorall assignments and pay the exercise price in the prescribed time. If Customerfails to so act, Customer designates RJO as Customer’s agent to liquidate theunderlying futures contract so that Customer’s commitment will be honored.Customer understands that Customer’s account will be debited for any loss andthat a commission and/or other related transaction costs will be charged forthese services.

Customer understands that, unless the contractspecifications state to the contrary, every futures contract contemplatesdelivery and Customer shall promptly advise RJO if Customer intends to make ortake delivery. When Customer intends to take delivery, Customer shall depositwith RJO the full value of the commodity at least five (5) business days priorto the first notice day and, in the case of short positions, at least seven (7)business days prior to last trading day. Alternatively, sufficient funds totake delivery or the necessary documents must be in the possession of RJOwithin the same periods described above. If RJO does not receive theaforementioned instructions, funds or documents, RJO is authorized, at itsdiscretion, to borrow or buy any property necessary to honor such obligation,and Customer shall pay and indemnify RJO for any costs, losses, penalties or damages(including, but not limited to delivery and storage costs) which RJO mightincur in fulfilling this responsibility.

Customer understands that if Customer does notliquidate a position prior to the end of trading on the last day beforeexpiration of a security futures contract, Customer will be obligated to eithermake or accept a cash payment for cash settled contracts, or accept delivery ofthe underlying securities in exchange for final payment of the settlement pricefor SSF contracts settled by physical delivery. Unless the SSF contractspecifications state to the contrary, every SSF contract contemplates delivery.Before a Customer will be allowed to make or take delivery of an SSF, Customermust provide RJO with information relating to the broker-dealer through whichCustomer will effect delivery. In this regard Customer will identify the nameof the broker-dealer, the broker-dealer’s Depository Trust Number, the brokerDealer’s Institutional ID number, and the Customer’s account number on the booksof the broker-dealer. When a customer intends to take delivery, Customer shallprovide notification and deposit with RJO the full value of the underlyingsecurities subject to the SSF at least five (5) business days prior to the lasttrading day of the contract. When the customer holds a short position andintends to make delivery, Customer shall provide notification and tender theunderlying securities subject to the SSF to RJO at least five (5) business daysprior to the last trading day. If RJO does not receive the aforementionedinstructions, funds or stocks, RJO is authorized, at its discretion, to borrowor buy any stock necessary to honor such obligation, or to liquidate orotherwise offset the position, and Customer shall pay and indemnify RJO for anycosts, losses, penalties or damages (including, but not limited to settlementand transaction costs) which RJO might incur in fulfilling this responsibility.

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**8. OPTIONS**

CUSTOMER WILL NOT PURCHASE A PUT OR CALL UNLESSCUSTOMER IS ABLE TO SUSTAIN THE TOTAL LOSS OF THE PREMIUM AND RELATEDTRANSACTION COSTS. CUSTOMER WILL NOT SELL (WRITE) A CALL OR PUT OPTION UNLESSCUSTOMER EITHER OWNS THE UNDERLYING FUTURES CONTRACT OR IS ABLE TO WITHSTANDSUBSTANTIAL FINANCIAL LOSSES.

Customer recognizes that Customer is fully responsiblefor taking action to exercise an option contract. RJO shall not be required totake any action with respect to an option contract, including any action toexercise a valuable option prior to its expiration date, except upon express instructionsfrom Customer. In this connection, Customer understands that exchanges haveestablished exercise cut-off times for the tender of exercise instructions, andthat Customer’s options may become worthless in the event that Customer doesnot provide instructions promptly. Customer further understands that RJOcut-off times may differ from the times established by the exchanges, andhereby agrees to waive any and all claims for damage or loss which might ariseout of an option not being exercised. RJO will not be responsible forinformation regarding option expiration dates and assignment notification.Additionally, RJO will not be responsible for any errors or omissions regardingsuch information.

Customer understands that theRJO exercise policy is on a random basis. All short option positions aresubject to assignment at any time, including positions established on the sameday that exercises are assigned. Notices of assignment are allocated on arandom basis upon best efforts among all customers’ short option positionswhich are subject to exercise.

Customer understands thatparticular commodity options may cease to trade at any time or expire, eitherof which event may result in Customer’s financial loss. Customer alsounderstands that some exchanges may automatically exercise long in the moneyoptions pursuant to the regulations of such exchange.

**9. LIMITATION OFLIABILITY OF RJO FOR ACTS OF BROKERS**

RJO will execute Customer’stransactions solely as agent of Customer. In executing transactions on an exchange,RJO may utilize floor brokers (who may be employees or other agents of RJO),but will not be responsible to Customer for negligence or misconduct of anindependent floor broker if, at the time the floor broker was selected, thefloor broker was authorized to act as such under the rules of the relevantcommodity exchange and the appropriate regulatory agency. RJO will not beresponsible to Customer in the event of error, failure, negligence, ormisconduct on the part of any non-guaranteed Introducing Broker, CommodityTrading Advisor, or other person acting on Customer’s behalf and, withoutlimiting the foregoing, RJO has no obligation to investigate the factssurrounding any transaction in Customer’s Account(s) which is introduced bysuch non-guaranteed Introducing Broker, Commodity Trading Advisor, or otherperson. With respect to guaranteed Introducing Brokers, Customer agrees thatRJO’s maximum liability to Customer shall be limited to the amount of theminimum net capital requirement (calculated in accordance with 17 C.F.R. §1.17as of the date of the finding of actual liability), that would have beenrequired for the guaranteed Introducing Broker had it been a non-guaranteedIntroducing Broker. Customer expressly acknowledges that a finding of liabilityagainst an Introducing Broker may substantially exceed the amount of theIntroducing Broker’s minimum net capital requirement which, in somecircumstances may be as low as $30,000. This means that Customer’s right torecover from RJO pursuant to the provisions of this paragraph could also belimited to $30,000.

**10.COMMUNICATIONS AND ORDERS**

Since all Contractsexperience rapid movements in price, Customer’s attention is required in theplacement of orders and execution of the same by RJO.

Unless a managed(discretionary) account has been arranged through the execution of a writtentrading authorization, each order should be communicated to RJO by the Customeror Customer’s duly authorized broker. Instructions should include, but may notnecessarily be limited to, the commodity involved, quantity, price, anddelivery month. Any trade not specifically authorized by Customer must beimmediately reported by Customer directly to RJO’s Compliance Department.Customer will be financially responsible for all trades not so reported and forany losses arising by virtue of a course of dealing involving his grant of defacto control over the account to his broker.

Customer agrees that RJO willnot be responsible for delays or inaccuracies in the electronic preparation ofstatements or the distribution of market information. Nor will RJO beresponsible for any failure beyond its control, including (but not limited to)government restrictions, exchange reporting problems, contract market rulings,strikes, suspension of trading, war or acts of God. RJO’s liability to Customeris limited to damages arising from its own gross negligence or willfulmisconduct and such damages are limited to actual (as distinguished fromconsequential) damages suffered by Customer. RJO makes no representation,warranty or guarantee as to, and shall not be responsible for the accuracy orcompleteness of, any information or trading recommendations furnished toCustomer by its employees or agents.

Orders are good for one dayonly (regular day trading session) unless specified and accepted as being “open”,in which case the order will remain open until filled or the Customer sospecifies. If Customer does not specify the actual exchange or forum to executeits order, RJO in its sole discretion shall execute the Customer’s order usingits best judgment. In some circumstances, this may mean RJO may be on the otherside of Customer’s trade. The price at which an order is actually executedshall be binding, even if incorrectly reported. Similarly, an order actuallyexecuted but in error reported as not executed is also binding.

Customer understands thatwhile the Internet and the World Wide Web generally are dependable, technicalproblems or other conditions may delay or prevent Customer from entering orcanceling an order on the RJO Online Trading System, or likewise may delay orprevent RJO from executing an order on the RJO Online Trading System. RJO shallnot be liable for, any technical problems, system failures and malfunctions,communication line failures, equipment or software failures or malfunctions,system access issues, system capacity issues, high Internet traffic demand,security breaches and unauthorized access beyond the reasonable control of RJO,and other similar computer problems and defects. RJO does not represent,warrant or guarantee that Customer will be able to access or use the RJO OnlineTrading System at times or locations of Customer’s choosing, or that RJO willhave adequate capacity for the RJO Online Trading System as a whole or in partby RJO’s or Customer’s use of or reliance on the RJO Online Trading System orits content or in otherwise performing its obligations under or in connectionwith this Agreement. In no event will RJO or any of its service providers beliable to Customer or any third party for any punitive, consequential, specialor similar damages even if advised of the possibility of such damage. If somejurisdictions do not allow the exclusion or limitation of liability for certaindamages, in such jurisdictions, the liability of RJO or any of its serviceproviders shall be limited in accordance with this Agreement to the extentpermitted by law. RJO reserves the right to suspend service and deny access tothe RJO Online Trading System without prior notice during scheduled orunscheduled system maintenance or upgrading.

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In the event that Customer isunable to transmit an order through the RJO Online Trading System, or is unableto confirm that an electronic order has been received by RJO, Customer shouldfollow these procedures: (i) if Customer’s account is introduced to RJO by anIntroducing Broker, Customer must contact the Introducing Broker, notify theIntroducing Broker of the exact nature of the problem and, if appropriate,place the order by phone through the Introducing Broker; (ii) if Customer isunable to contact his Introducing Broker by telephone, or, if Customer’saccount is not an introduced account, Customer must contact RJO at (312)373-5000 and notify RJO of the exact nature of the problem including, but notlimited to, the details of the order (including the contract, quantity andwhether the order was to buy or sell). Customer agrees that any order placedthrough this number shall be for liquidation of existing positions only. Thisnumber is not to be called by customer for customer support. Customer agreesthat when following these procedures, Customer shall be liable for any lossesarising out of any order that has previously been transmitted by electronicmeans, as well as the order placed orally through RJO or Customer’s IntroducingBroker.

**11. REPORTSAND NOTICES**

SHOULD INACCURACIES ORDISCREPANCIES APPEAR ON CUSTOMER’S STATEMENTS OF ACCOUNT(S), MARGIN CALLS, ANDNOTICES CUSTOMER AGREES THAT IT IS CUSTOMER’S DUTY TO INFORM RJO OF THE PROBLEMBY TELEPHONE OR FACSIMILE IMMEDIATELY UPON THE EARLIER OF ACTUAL RECEIPT OF THESTATEMENT BY CUSTOMER, OR THE TIME THE STATEMENT IS DEEMED RECEIVED BY CUSTOMERPURSUANT TO THIS PARAGRAPH 11. IN THE EVENT THAT CUSTOMER DOES NOT RESPONDIMMEDIATELY, EXECUTED ORDERS AND STATEMENT REPORTS SHALL BE CONSIDERED RATIFIEDBY CUSTOMER AND SHALL RELIEVE RJO OF ANY RESPONSIBILITY WHATSOEVER RELATIVE TOTHE ORDER(S) IN QUESTION. ALL REPORTS OF INACCURACIES OR DESCREPANCIES MUST BEMADE TO CUSTOMER’S BROKER AND TO RJO’S COMPLIANCE DEPARTMENT.

Customer has theresponsibility to maintain contact with Customer’s individual broker at alltimes that Customer has market positions or has placed orders but is notavailable at Customer’s regular address or telephone number to receive reports.

Customer authorizes RJO totransmit electronically (which may include electronic mail) to Customer or poston the RJO Online Trading System all statements, compilations and details oftransactions, and other notices, and Customer hereby consents to such methodsof receiving such information. There will not be any additional cost or fee forthis service. If Customer requests a hard copy of any of these documents, otherthan by downloading or printing such information or documents from the RJO OnlineTrading System, there will be a charge as established by RJO from time to time.This consent to receiving such information electronically shall be effectiveuntil revoked by Customer in writing and delivered to RJO. It shall be Customer’sresponsibility to check Customer’s electronic mail and the RJO Online TradingSystem site on a regular basis, and no less then daily, to receive statements,compilations and details of transactions, and other notices from RJO. Customeragrees to download or print such statements, compilations and details oftransactions, and other notices if such statements or information are availablefor downloading or printing. Information sent by electronic mail shall bedeemed received by Customer by 10:00 a.m. (CST) the next business day after RJOsends the electronic mail, unless RJO receives a message from its systemadministrator that the message was not delivered. Information and noticesposted on the RJO Online Trading System shall be deemed received by Customer by10:00 a.m. (CST) after RJO posts such information and notices.

Customer shall promptlynotify RJO of any difficulty in accessing, opening or otherwise viewing anelectronically transmitted document or information. Upon Customer’s request,RJO will use an alternative method of delivering such document or informationto Customer, at Customer’s sole expense. Such alternative means of deliveryshall not affect the date such document or information is deemed received byCustomer, as set forth above. Details of trades and any other similarinformation or notices either sent to Customer or posted on the RJO OnlineTrading System shall be conclusive and binding unless Customer notifies RJO tothe contrary, (i) where a report or notice is sent electronically, posted onthe RJO Online Trading System or made orally, then, as the case may be, at theearlier of the time actually received, or deemed to be received pursuant tothis paragraph 11 by Customer, or (ii) where a report or notice is in writingby 8:00 a.m. C.S.T. on the next Business Day following receipt of such report.

**12. TAPERECORDING**

Customer hereby authorizesRJO to make recordings of telephone conversations between Customer and RJOregardless of whether a periodic tone signal is used. Customer consents to theuse of such tape recording in any forum in connection with resolving disputes.RJO and its affiliates may also, at their discretion, utilize a telephonerecording system to place Customers orders. RJO may erase or dispose of suchtapes in accordance with its normal procedures.

**13.AMENDMENTS AND GUARANTEES**

This Agreement, reflects theentire agreement between RJO and Customer and supercedes all prior oral andwritten agreements between the parties relating to the subject matter hereofand no provisions hereof shall in any respect be waived, augmented or modifiedby any other party unless in writing and signed by an official so authorized inRJO’s office headquarters.

NO ONE (INCLUDING FUTURESCOMMISSIONS MERCHANTS (FCMS), ASSOCIATED PERSONS, INTRODUCING BROKERS, FUNDMANAGERS, COMMODITY TRADING ADVISORS OR POOL OPERATORS) CAN GUARANTEE PROFITSOR THE ABSENCE OF LOSSES. CUSTOMER AGREES TO PROMPTLY NOTIFY THE RJO COMPLIANCEDEPARTMENT IF ANY SUCH GUARANTEE IS SUGGESTED.

**14. GOVERNING LAW ANDWAIVER OF STATUTES OF LIMITATIONS**

This Agreement shall begoverned by the internal laws of the State of Illinois, excludingconflict-of-laws principles. Customer agrees that no law suit, reparationsproceeding before the Commodity Futures Trading Commission, arbitrationproceeding or other claim or action relating to this Agreement or thetransactions in Customer’s account may be initiated by Customer unlesscommenced within one year from the date of the disputed transaction. Customerexpressly acknowledges that but for this waiver, Customer would otherwise havetwo years to initiate a claim in reparations before the Commodity FuturesTrading Commission or an arbitration before the National Futures Association,and may be waiving even longer time periods that Customer might otherwise haveto file a claim under state or federal law.

**15. CUSTOMER’SLIABILITY FOR ATTORNEYS FEES**

Customer agrees that ifCustomer institutes legal, arbitration, or reparation proceedings against RJOand if the court, arbitration panel, or other adjudicator deciding suchproceedings determines that RJO has substantially prevailed on a claim made byCustomer in such proceedings, Customer shall pay, immediately upon demand, allcosts and expenses (including attorneys’ fees) incurred by RJO in connectionwith defending such claim.

**16.ELECTRONIC TRADING AND ONLINE SERVICES**

RJO will provide Customerwith an individual password and a unique user identification (together, the “AccessCodes”). The Access Codes will enable Customer to access its account and enterorders for its account through the

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RJO Online TradingSystem. Customer must maintain the confidentiality of the Access Codes at alltimes. Customer accepts full responsibility for the use and protection of theAccess Codes, which includes, but is not limited to, all orders entered intothe RJO Online Trading System using the Access Codes and changes in Customer’saccount information that are entered using the Access Codes.

Customer accepts full responsibility for monitoringits account(s) with RJO. Should Customer become aware of any loss, theft orunauthorized use of its Access Codes, Customer shall notify RJO immediately.Customer shall notify RJO within one (1) Business Day of discovering anyfailure to receive compilations and details of transactions or othercommunications from RJO. Under either situation, Customer shall provide writtennotice to RJO’s Compliance Director at RJO’s office, and such notice will bedeemed received only if actually delivered, sent by electronic mail toinfo@rjobrien.com. Attention: Compliance Department, or by fax to 312-373-5225,Attention: Compliance Department.

Any and all materials that RJO provides to Customer inconnection with the RJO Online Trading System are (i) provided on anon-exclusive non-transferable basis, (ii) the property of RJO and (iii)intended for Customer’s use only. Customer shall not resell or permit access tothe RJO Online Trading System to others and agrees not to copy any materialsappearing on the RJO Online Trading System for resale to others. Customerfurther agrees not to delete any copyright notices or other indications ofprotected intellectual property rights from materials that Customer prints ordownloads from the RJO Online Trading System. Customer shall not obtain anyintellectual property rights in or any right or license to use such materialsor the RJO Online Trading System other than as set out herein.

Customer agrees to use the RJO Online Trading Systemat Customer’s own risk. Customer shall be responsible for providing andmaintaining the means by which to access the RJO Online Trading System, whichmay include without limitation a personal computer, modem and telephone orother access line. Customer shall be responsible for all access and servicefees necessary to connect to the RJO Online Trading System and assumes allcharges incurred in accessing such system. Customer further assumes all risksassociated with the use and storage of information on Customer’s personalcomputer.

The RJO Online Trading System may contain links towebsites controlled or offered by third parties. The existence of such linksshould not be construed as an endorsement, approval or verification by RJO ofany content available on third party sites.

**17. TERMINATION**

This Agreement may be terminated by RJO or the Customerimmediately upon written notice to the other party. In the event of suchtermination, Customer shall immediately liquidate positions in Customer’saccount(s), or transfer such open commodity interest positions to another FCM.Notwithstanding any termination, Customer shall satisfy all liabilities to RJOarising hereunder (including, but not limited to, payment of applicable debitbalances, commissions and fees, including fees with respect to the transfer ofpositions to another FCM). This Agreement shall be binding upon Customer’spersonal representatives and legal successors, and shall inure to the benefitof RJO’s successors by merger, assignment, consolidation or otherwise. In theevent of Customer’s bankruptcy proceedings, death, incompetence, dissolution,or failure to provide adequate margin, RJO is authorized to terminate accountin the fashion described elsewhere in this Agreement, without prior notice tothe Customer. The termination of this Agreement shall not affect theobligations of the parties arising from transactions entered into prior to suchtermination. RJO reserves the right to terminate any Customer account at anytime, for any reason.

**18. OFFSETTINGPOSITIONS**

If Customer maintains separate accounts in which,pursuant to Commodity Futures Trading Commission Regulation 1.46 (d)(6),offsetting positions are not closed out, RJO hereby advises Customer that, ifheld open, offsetting long and short hedge positions in the separate accountsmay result in the charging of additional fees and commissions and the paymentof additional margin, although offsetting positions will result in noadditional market gain or loss.

**19. CFTC REG. 15.05 -DESIGNATION OFRJO AS AGENT OF FOREIGN BROKERS, CUSTOMERS OF FOREIGN TRADERS; AND REG. 21.03SELECTED SPECIAL CALLS -DUTIES OF FOREIGN BROKERS, DOMESTIC AND FOREIGNTRADERS, FUTURES COMMISSION MERCHANTS AND CONTRACT MARKETS**

If the Customer is a foreign broker it understandsthat pursuant to CFTC Regulation 15.05, RJO is Customer’s agent (and in thecase of a foreign broker the agent of its customers) for purposes of acceptingdelivery and service of any communication upon RJO shall constitute valid andeffective service or delivery upon Customer (and if it is a foreign broker,upon its customers). The Customer understands that said regulation requires RJOto transmit the communication promptly to it (or its customer) in a mannerwhich is reasonable under the circumstances or specified by the CFTC. TheCustomer also understands CFTC Regulation 21.03 requires it to provide to theCFTC upon special call, market information concerning its options and futurestrading (or its customers’) as outlined in the regulation. If the Customerfails to respond to the special call, the CFTC may direct the appropriatecontract market and all brokers to prohibit further trades for or on its behalf(or for its customers) in the contract specified in the call unless such tradesoffset existing open contracts. Special calls are made where the informationrequested would assist the CFTC in determining whether a threat of marketmanipulation, corner, squeeze or other market disorder existed. UnderRegulation 21.03(g) if the Customer believes it is aggrieved by the actiontaken by the CFTC it shall have the opportunity for a prompt hearing after theCFTC acts. (The Customer understands that copies of CFTC Regulation 15.05 and21.03 are available from RJO).

**20. MARKETINFORMATION**

Exchange and RJO brochures and research are oftenprovided as trading tools. In addition, RJO’s Online Trading System may alsocontain certain market information. The information contained therein isbelieved to be reliable, however, no representation is made as to its accuracy,completeness or reliability. Moreover, interpretation of such information isextremely subjective and may vary widely from trader to trader. Customerunderstands that such information may reflect opinions and RJO shall have noliability arising out of any trading losses incurred by Customer arising out ofreliance upon such information or opinions in connection with any tradingdecision.

**21. CONSENT TOJURISDICTION**

Customer agrees that all disputes, claims, actions orproceedings arising directly, indirectly, or otherwise in connection with, outof, related to or from this Agreement shall be litigated or arbitrated only ina court or arbitration forum located in Chicago, Illinois, unless otherwiseagreed by RJO. Customer consents and submits to the jurisdiction of any stateor federal court or arbitration forum located within the Northern District ofIllinois. Customer hereby waives any right Customer may have to transfer orchange the venue of any litigation brought against Customer by RJO or by

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Customer against RJO.Customer acknowledges and consents to RJO’s election to instigate legal actionto collect any debit balance in Customer’s account(s) in any court located inthe Northern District of Illinois.

Customer appoints and designates RJO (or any otherparty whom RJO may from time to time hereinafter designate) as Customer’s trueand lawful attorney-in-fact and duly authorized agent for service of legalprocess and agrees that service of such process upon such attorney-in-factshall constitute personal service of such process upon Customer; provided, thatRJO or such other party shall, within five days after receipt of any suchprocess, forward the same by air courier or by certified mail, together withall papers affixed thereto, to Customer at Customer’s mailing address. If anyprovision of this paragraph shall be prohibited by or invalid under applicablelaw, such provision shall be ineffective only to the extent of such prohibitionor invalidity, without invalidating the remaining provisions of this paragraph.

**22. WAIVER, AMENDMENT AND ASSIGNMENT**

The failure of RJO to enforce at any time anyprovision of this Agreement shall not be construed to be a waiver of suchprovision nor in any way to affect the validity of this Agreement or the rightof RJO thereafter to enforce each and every provision hereof. No waiver of anybreach of this Agreement shall be held to constitute a waiver of any other orsubsequent breach. No waiver or amendment shall be implied from any conduct,action, or inaction. No provision of this Agreement may be waived or amendedunless such waiver or amendment is in writing and signed by an authorizedofficer of RJO. Any rights that Customer may have pursuant to this Agreementshall not be assigned, transferred, sold or otherwise conveyed by Customer toanother party. Under certain circumstances, RJO may, subject to exchange,National Futures Association (“NFA”) or Commodity Futures Trading Commission (“CFTC”)rules, assign this account to another duly registered Futures CommissionMerchant (“FCM”).

**23. FACSIMILE EXECUTION**

RJO requires that all customers have an original accountagreement with original signatures on file with the Customer AccountsDepartment. However, at the sole discretion of RJO, documents signed andtransmitted by facsimile machine or telecopier may be accepted as originaldocuments. The signature of any person or entity thereon, is to be consideredas an original signature, and the document transmitted is to be considered tohave the same binding effect as an original signature on an original document.At the request of RJO, any facsimile or telecopy document must be re-executedin original form by the persons or entities who executed the facsimile ortelecopy document. No party hereto may raise the use of a facsimile ortelecopier machine as a defense to the enforcement of this Agreement or anyamendment or other document executed in compliance with this section.

**24. FOREIGN EXCHANGE**

All foreign exchange transactions made and enteredhereunder will be entered by RJO as principal. In other words, RJO will be theopposite party to the transaction with Customer, as opposed to merely executingCustomer’s order with a third party. Customer acknowledges, understands andagrees that RJO is not acting as a broker, agent, advisor, or in any fiduciarycapacity in connection with foreign exchange transactions. RJO will makeavailable the bid and/or ask price at which RJO is prepared to enter into aforeign exchange transaction with Customer. Each bid price or ask price shallbe for either a spot contract or forward contract with a specified value dateand shall specify each foreign currency involved. RJO expects that these priceswill be reasonably related to the bid prices and ask prices available in themarket at the time for similar transactions, but a number of factors, such ascommunication system delays, high volume, or volatility can result indeviations between prices quoted by RJO and other sources.

Customer should be aware that prices on foreignexchange transactions are not determined by open outcry or otherwise onregistered exchanges, and that such transactions are not subject to the sameregulatory oversight as transactions in regulated futures and/or options onfutures contracts. RJO makes no warranty, express or implied, that the bid andask prices represent prevailing bid and ask prices.

**25. CUSTOMER REPRESENTATIONS ANDWARRANTIES FOR FOREIGN EXCHANGE TRANSACTIONS**

Customer represents and warrants that Customer ismaking its own independent decisions of whether to enter into a foreignexchange transaction and whether that transaction is appropriate or proper forCustomer based upon Customer’s own judgment and upon advice from such advisorsas Customer deems necessary. Customer is not relying on any communication(written or oral) of RJO as investment advice or as a recommendation to enterinto any foreign exchange transaction. Customer understands that informationand explanations related to the terms and conditions of a foreign exchangetransaction shall not be considered investment advice or a recommendation toenter into that foreign exchange transaction. Customer further represents andwarrants that it has not received any assurance or guarantee from RJO as to theexpected results of trading in foreign exchange transactions. Customerrepresents and warrants that Customer is capable of evaluating and understandingeach foreign exchange transaction (either on Customer’s own behalf or throughindependent professional advice), and understands and accepts the terms,conditions, and risks of each foreign exchange transaction to which Customer isa party. Customer warrants that Customer is willing and financially able tosustain all losses associated with the foreign exchange transactions enteredinto by Customer and that RJO shall not be liable to customer for the loss ofany margin deposits or other funds deposited by Customer in connection withsuch foreign exchange transactions.

**26. SEVERABILITY**

If any provision of this Agreement shall be prohibitedby or invalid under applicable law, such provision shall be ineffective only tothe extent of such prohibition or invalidity ascend, without invalidating theremaining provisions of this Agreement.

**THIS ACCOUNT AGREEMENT CONTAINS ACONTRACTUAL AGREEMENT. DO NOT SIGN UNTIL YOU HAVE READ IT CAREFULLY. BY SIGNINGBELOW, THE UNDERSIGNED REPRESENTS AND WARRANTS TO RJO THAT ALL INFORMATIONCONTAINED HEREIN, OR IN ANY OTHER ACCOUNT FORM OR OTHER DOCUMENT FROM THEUNDERSIGNED IS TRUE AND CORRECT AND THAT IF ANY CHANGES TO SUCH INFORMATIONOCCUR, THE UNDERSIGNED WILL IMMEDIATELY INFORM RJO, IN WRITING, OF SUCHCHANGES. BY SIGNING BELOW, THE UNDERSIGNED ACKNOWLEDGES THAT (S)HE HAS READ ANDUNDERSTANDS ALL OF THE TERMS AND CONDITIONS OF THE COMMODITY CUSTOMER AGREEMENTAND SHALL BE BOUND BY THEM.**

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**E. Partnership Account (Generalor Limited)**

The undersigned, JWH Global Trust, herebyrepresents to you that there is a general partner in a general or limited partnershipknown as JWH Global Trust (the “Partnership”), and attached hereto is acopy of its **signed Partnership Agreementand/or Certificate of Limited Partnership.** The Partnership is dulyorganized, validly existing partnership under the laws of the state(s) in whichit was formed and in which it does business. In consideration of your openingone or more commodities accounts for and in the name of the Partnership, theundersigned further represents that as a partner in the Partnership having asignificant interest therein, he has proper authority to sign the Agreement andall related documents on behalf of the Partnership and, for the account andrisk of the Partnership, to buy, sell, and trade in commodity futurescontracts, options on futures contracts and security futures contracts of everykind whatsoever, and to borrow money for such purposes in said account inaccordance with your terms and conditions.

Customer understands that R.J. O’Brien is relying uponsuch information in opening this account, and agrees to promptly notify R.J. O’Brien,in writing, of the death or retirement of any of the General Partners or anymaterial change in the appropriate partnership agreement.

 
| X      | /s/ Annette A. Cazenave                              |   | Sept. 27, 2006                                                       |   |
|--------|------------------------------------------------------|--------|----------------------------------------------------------------------|--------|
|   | Signature                                            |   | Date                                                                 |
|   |                                                 |   |                                                                 |
|   |                                                 |   |                                                                 |
|   | /s/ Annette A. Cazenave, Sr. V.P., Refco Comm. Mgmt. |   | *(All  General Partners must sign. Attach extra page if neccesary.)* |
|   |                                                 |   | * *                                                             |
|   | Print Name                                           |   |                                                                 |

 

**F. Limited LiabilityCompany**

Customer represents and warrants that the LimitedLiability Company is duly organized and in good standing under the laws of itsstate of organization and that trading in commodity futures contracts, optionson futures contracts and security futures contracts is within the powersgranted to it. The undersigned represents that he is a manager or otherwise hasfull authority to enter into the Agreement on behalf of the Company and isconcurrently furnishing to R.J. O’Brien a Limited Liability Company Resolutionas prescribed by R.J. O’Brien. Attached is the **Operating Agreement and Articles of Organization for this LimitedLiability Company.**

 
|   |   |            |   |
|--------|--------|-----------------|--------|
|   |   | Name of Company |
|   |   |            |
|   |   |            |
|   |   | By:             |   |   |
| Date   |   |            |   |
|        |        |                 |        |  |

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**PERSONALGUARANTEE(To be signed by Corporate, LLC, Trust or Partnership Accounts)**

The undersigned (jointly and severally if there is more than one)hereby unconditionally and irrevocably guarantees full and prompt payment toRJO of all sums owed to RJO by Customer pursuant to the forgoing AccountAgreement, whether such sums are now existing or are hereafter created. Theundersigned waives any notice of default or dishonor of presentment of payment,notice of non-payment protest of any other notice and agrees that RJO shallhave no obligation at any time to resort payment from Customer, or from anyother person, firm or corporation liable for the guaranteed debt beforeproceeding on this Guarantee. The undersigned agrees to pay all reasonableattorneys’ fees and court costs, if any, incurred by RJO in connection with theenforcement of this Guarantee and Customer’s obligations under the AccountAgreement.

All monies, securities, negotiable instruments, open positions onfutures contracts, options premiums, commodities or other property belonging tothe undersigned now or at any future time that are on deposit with RJO, for anypurpose, are hereby pledged to RJO for discharge of all of the undersigned’sobligations hereunder, and RJO may, in its discretion, transfer any of suchproperty from any of the undersigned’s accounts to RJO to offset and creditagainst any of the undersigned’s obligations to RJO under this Guarantee.

This Guarantee is a continuing one and shall remain in full force andeffect until revoked by the undersigned by a written notice to RJO, but suchrevocation shall not, in any way, affect any liability for losses sustainedprior to such revocation.

 
| X                           |   |   |                    |   |
|-----------------------------|--------|--------|-------------------------|--------|
| Guarantor’s  Signature |   |   | Date                    |
|                        |   |   |                    |
|                        |   |   |                    |
| Guarantor (Print  Name)     |   |   | Social Security  Number |

 

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**EXERCISE AND ASSIGNMENT POLICY**

Exercise and assignment isthe procedure by which an option position is converted into a futures position.The buyer of an option on a futures contract has the right (but not theobligation) to assume a specified futures position at a predetermined price(the exercise or strike price) at any time prior to the expiration of theoption. The seller of the option must assume the opposite futures position ifthe buyer exercises this right.

There are four majordifferences between exercising an option on a futures position and making andtaking delivery on a futures contract:

An option may be exercised onany business day between its sale and execution.

An option is exercised by thebuyers Clearing Member while a selling Clearing Member is randomly selected tosatisfy the obligation of the option.

An option contract does nothave to be exercised; it may be allowed to expire, or be liquidated (offset).

When an option is exercised,assignment of the short and long futures position is accomplished by theClearing House or corporation through a book entry into the futures clearingsystem. The Clearing Members of the buyer and the seller are assigned futurespositions at the strike price, and are subject to immediate variation margincalls.

The commodity exchanges havevarious provisions for exercising in-the-money options at expiration date.Customers have an obligation to monitor in-the-money options as the expirationdates approach. RJO will automatically exercise in-the-money options.

RJO has procedures forassuring exercise notices to customers on a first-in-first-out non-preferentialbasis when it receives a notice from the Clearing House or corporation.

When a customer, who has ashort position, is assigned an exercise notice, the broker should attempt tonotify such customer prior to trading the next business day. If the assignedfutures positions results in an open futures position, as opposed to offsettingan existing futures position, the customer must promptly pay any additional marginsrequired.
| **  If Individual or Joint Account:** |                   |   |   | **If Corporation, Partnership, or  other entity:** (All |
|-------------------------------------------------|------------------------|--------|--------|---------------------------------------------------------|
| ** **                                      |                   |   |   | General Partners must sign.)                            |
|                                            | ** **             |   |   |                                                    |   |   |   |   |
|                                            | ** **             |   |   |                                                    |   |   |   |   |
| X                                               | ** **             |   |   |                                                    | X | /s/ Annette Cazenave |   | 9/27/06 |
| ** **                                      | Customer Signature     |   | Date   |                                                    |   | Signature |   | Title |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   | Sr. V.P., Refco Comm. Mgmt. |   |   |
|                                            | Print Customer Name    |   |   |                                                    |   | Date |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
| X                                               |                   |   |   |                                                    | X |   |   |   |
|                                            | Joint Party Signature  |   | Date   |                                                    |   | Signature |   | Title |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            | Print Joint Party Name |   |   |                                                    |   | Date |   |   |

 

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**HEDGE REPRESENTATION(To Be Signed By Hedge Customers Only)**

In order to induce R.J. O’Brien & Associates, Inc.(“RJO”) to open and maintain the undersigned’s account, the undersignedrepresents that the transactions identified below in this account are forhedging or recognized risk management purposes only and shall be entered intosolely for the purpose of protection against losses which may be incurred in acash position in a specific commodity, or with respect to derivatives such asfinancial, interest rate or stock index futures to protect against losses thatmay be incurred in an existing financial portfolio.

The following commodities are for bona fide hedgingpurposes. **This section must be filled out completely.**
| Commodity | ** ** | **Economic Justification*** |
|-----------|------------|-----------------------------|
|      |       |                        |
|      |       |                        |
|      |       |                        |
|      |       |                        |
|      |       |                        |
|      |       |                        |

 

The undersigned is familiar with all laws, rules andregulations concerning hedging in such contracts and has not relied upon RJOfor any related advice.

This notification is a continuing one and shall remainin force until canceled in writing. The undersigned acknowledges that RJO shallrely upon this representation and shall notify RJO immediately if thisrepresentation does not remain true and correct.

Commodity Futures Trading Commission Regulation 190.06(d) requires that a broker must provide an opportunity for each customer tospecify when undertaking its first hedging contract whether, in the event ofthe broker’s bankruptcy, such customer prefers that open commodity contractsheld in a hedging account be liquidated by the trustee. Accordingly, pleaseindicate below your preference for open contracts in your account if such anevent were to occur.

I instruct that, in the event of bankruptcy, thetrustee:

**(INITIAL ONE)**liquidate           not liquidate           open commodity positions in my hedge account without seeking my instructions.
| **If Individual or Joint Account:** |                      |       |       | **If Corporation, Partnership, or  other entity:****(All** |
|-------------------------------------|---------------------------|------------|------------|------------------------------------------------------------|
| ** **                          |                      |       |       | **General Partners must sign.)**                           |
|                                | ** **                |       |       |                                                       |   |   |   |   |
|                                | ** **                |       |       |                                                       |   |   |   |   |
| ** **                          |                      |       |       | X                                                          |   |   |   |
| **Print Customer Name**             | ** **                | ** ** | ** ** | ** **                                                 | **Signature** | ** ** | **Title** |
| ** **                          | ** **                | ** ** | ** ** | ** **                                                 | ** ** | ** ** | ** ** | ** ** |
| **X**                               | ** **                | ** ** | ** ** | ** **                                                 | ** ** | ** ** | ** ** |
| ** **                          | **Customer Signature**    | ** ** | **Date**   | ** **                                                 | **Date** | ** ** | ** ** |
| ** **                          | ** **                | ** ** | ** ** | ** **                                                 | ** ** | ** ** | ** ** | ** ** |
| ** **                          | ** **                | ** ** | ** ** | **X**                                                      | ** ** | ** ** | ** ** |
| **Print Joint Party Name**          | ** **                | ** ** | ** ** | ** **                                                 | **Signature** | ** ** | **Title** |
| ** **                          | ** **                | ** ** | ** ** | ** **                                                 | ** ** | ** ** | ** ** | ** ** |
| **X**                               | ** **                | ** ** | ** ** | ** **                                                 | ** ** | ** ** | ** ** |
| ** **                          | **Joint Party Signature** | ** ** | **Date**   | ** **                                                 | **Date** | ** ** | ** ** |

 

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*                            Reasonwhy account owner is using the listed commodity as protection against loss inthe cash market. (i.e. Corn Farmer, Mortgage Lender)

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**INTRODUCING BROKER AUTHORIZATION**

To: R.J. O’Brien:

I/We wish to open a commodity futures (and/or optionson futures) account (hereinafter referred to as the “Account”) with
|  |   |   |
|--|--------|--------|

(IntroducingBroker)

(hereinafter referred to as the “Introducing Broker”or “IB”). Because the IB is not a member of the various exchanges and may notbe subject to exchange jurisdiction, I/we agree that my Accounts are to becarried with your firm on a disclosed basis. All documents must beappropriately completed and returned to RJO via my IB (along with margin funds)before an account can be opened in my name. Some of these forms are required byRJO, or by Federal laws, or exchange rules.

I/We understand that:

(i) The relationship between RJO and its employees andthe IB is only to clear trades introduced to you by the IB; (ii) the IB is notcontrolled by RJO; (iii) supervision and control of activity in my Account(s)rest with the IB, subject to exchange, government and NFA regulations; (iv)commissions charged to my Account(s) are established by the IB and that thesecharges include your fee for clearing my transactions, along with anyapplicable NFA fees.

I/We agree that RJO is not responsible or liablewhatsoever for any matter relating to sales practices, trading practices,errors in order entry or any similar or other matter, it being expresslyunderstood, agreed and acknowledged by myself that RJO’s sole responsibilitieshereunder relate to the execution, clearing, accounting and confirmation oftransactions for my account on various exchanges in accordance with theinstructions received by RJO from IB for and on behalf of myself in accordancewith usual and customary practices. I/We agree to refrain from bringing anyaction or counterclaim against RJO and will assert any such claim against onlythe IB (or, when applicable, the non-employee commodity pool operator orcommodity trading advisor) for any redress with respect to any matter otherthan RJO’s gross negligence or willful misconduct in executing, clearing and/oraccounting of transactions. With respect to RJO’s guarantee, if any, of IB’sobligations under the Commodity Exchange Act or CFTC regulations, I/weacknowledge that such guarantee is limited as set forth in paragraph 9 of myAccount Agreement.
| **  If Individual or Joint Account:** |                   |   |   | **If Corporation, Partnership, or  other entity:** (All |
|-------------------------------------------------|------------------------|--------|--------|---------------------------------------------------------|
| ** **                                      |                   |   |   | General Partners must sign.)                            |
|                                            | ** **             |   |   |                                                    |   |   |   |   |
|                                            | ** **             |   |   |                                                    |   |   |   |   |
| X                                               | ** **             |   |   |                                                    | X |   |   |   |
| ** **                                      | Customer Signature     |   | Date   |                                                    |   | Signature |   | Title |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            | Print Customer Name    |   |   |                                                    |   | Date |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
| X                                               |                   |   |   |                                                    | X |   |   |   |
|                                            | Joint Party Signature  |   | Date   |                                                    |   | Signature |   | Title |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            |                   |   |   |                                                    |   |   |   |   |
|                                            | Print Joint Party Name |   |   |                                                    |   | Date |   |   |

 

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**MANAGED ACCOUNT AGREEMENT - POWER OF ATTORNEY**

Theundersigned hereby authorizes John W. Henry & Company, Inc. as his agentand attorney in fact to buy, sell (including short sales) and trade incommodity futures contracts, options on commodity future contracts, physicalcommodities, foreign commodity futures contracts, and options on foreigncommodity futures contracts, foreign commodities, forward contracts andcontracts in the unregulated foreign exchange market on margin or otherwise inaccordance with your terms and conditions for the undersigned’s account andrisk in the undersigned’s name or number on your books. The undersigned herebyagrees to indemnify and hold harmless from and pay you promptly on demand forany and all losses arising therefrom or debit balance due thereon in theundersigned(s) account.

Inall such purchases, sales or trades you are authorized to follow theinstruction of John W. Henry & Company, Inc. (“agent”) in every respect concerning theundersigned’s account through you; and he is authorized to act for theundersigned and in the undersigned’s behalf in the same manner and with thesame force and effect as the undersigned might or could do with respect to suchpurchases, sales, or trades as well as with respect to all other things necessaryor that would be incidental to the furtherance of conduct of such purchases,sales or trades.

Theundersigned hereby ratifies and confirms any and all transactions with youheretofore made by the aforesaid agent or for the undersigned account. Allduplicate statements should be sent to                                                                                         .

**(Name andaddress of authorized individual)**

                                                                        . *(Shouldauthorised individual wish to receive statements via email, please completeRequest for Transmission of Electronic Customer Statements.)*

Thisauthorization and indemnity is in addition to (and in no way limits orrestricts) any rights which you may have under any other agreements oragreements between the undersigned and you firm.

Youshall not have any liability for following the instructions of the agent, andthe undersigned shall never attempt to hold you liable for the agent’s actionsor inactions.

Theundersigned represents that the agent has provided the disclosure document tothe undersigned concerning the agent’s trading advice, including any optionstrading advice and the strategies to be used by the agent, which theundersigned has read and understood, or, in the alternative, the agent hasfurnished the undersigned with a signed written statement explaining the agent’sexemption form applicable registration and disclosure document requirements ofthe Commodity Futures Trading Commission and National Futures Association.

Theundersigned understands that there are many strategies that can be used intrading options, some of which have unlimited risk of loss and could result inthe undersigned sustaining a total loss of all funds in the account and theundersigned being liable for any deficit in such account resulting therefrom.The undersigned acknowledges that he has discussed with the advisor the natureand risks of the strategy to be used in connection with options to be tradedfor the account.

Thisauthorization and indemnity is also one and shall remain in force and effectuntil revoked by the undersigned by a written notice addressed to you anddelivered to your office at 222 South Riverside Plaza, Suite 900, Chicago,Illinois 60606; but such revocation shall not affect any liability in any wayresulting from transactions initiated prior to such revocation. Thisauthorization and indemnity shall inure to the benefit of your present firm andany successor firm or firms irrespective of any change or changes at any timein the personnel thereof for any cause whatsoever, and of the assigns of yourpresent firm or any successor firm.

I have read and understandthe above and agree to all terms and conditions therein.
| X      | /s/ Annette A. Cazenave                                |   | 9/27/06                          |
|--------|--------------------------------------------------------|--------|----------------------------------|
|   | Customer  Signature                                    |   | Date                             |
|   |                                                   |   |                             |
| X      |                                                   |   |                             |
|   | Joint Party  Signature                                 |   | Date                             |
|   |                                                   |   |                             |
|   |                                                   |   |                             |
| X      | /s/ K.S. Webster  10/4/04                              |   |                             |
|   | Agent Signature  and Date                              |   | Social Security  Number of Agent |
|   |                                                   |   |                             |
|   | Kenneth S.  Webster, John W. Henry & Company, Inc. |   |                             |
|   | Agent Name                                             |   | Agent Employer                   |
|   |                                                   |   |                             |
|   | Commodity  Trading Advisor                             |   |                             |
|   | Agent Occupation                                       |   | Agent Principal  Business        |
|   |                                                   |   |                             |
|   | by    Kenneth  S. Webster,         |   |                             |
|   | Senior Vice  President and                             |   |                             |
|   | Chief Operating  Officer                               |   |                             |

 

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**ELECTRONIC TRADING ANDORDER ROUTING SYSTEMS DISCLOSURE STATEMENT***

Electronic trading and orderrouting systems differ from traditional open outcry pit trading and manualorder routing methods. Transactions using an electronic system are subject tothe rules and regulations of the exchange(s) offering the system and/or listingthe contract. Before you engage in transactions using an electronic system, youshould carefully review the rules and regulations of the exchange(s) offeringthe system and/or listing contracts you intend to trade.

**DIFFERENCESAMONG ELECTRONIC TRADING SYSTEMS**

Trading or routing ordersthrough electronic systems varies widely among the different electronicsystems. You should consult the rules and regulations of the exchange offeringthe electronic system and/or listing the contract traded or order routed tounderstand, among other things, in the case of trading systems, the system’sorder matching procedure, opening and closing procedures and prices, errortrade policies, and trading limitations or requirements, and in the case of allsystems, qualifications for access and grounds for termination and limitationson the types of orders that may be entered into the system. Each of thesematters may present different risk factors with respect to trading on or usinga particular system. Each system may also present risks related to systemaccess, varying response times, and security. In the case of Internet-basedsystems, there may be additional types of risks related to system access,varying response times and security, as well as risks related to serviceproviders and the receipt and monitoring of electronic mail.

**RISKSASSOCIATED WITH SYSTEM FAILURE**

Trading through an electronictrading or order routing system exposes you to risks associated with system orcomponent failure. In the event of system or component failure, it is possiblethat, for a certain time period, you may not be able to enter new orders,execute existing orders, or modify or cancel orders that were previouslyentered. System or component failure may also result in loss of orders or orderpriority.

**SIMULTANEOUSOPEN OUTCRY PIT AND ELECTRONIC TRADING**

Some contracts offered on anelectronic trading system may be traded electronically and through open outcryduring the same trading hours. You should review the rules and regulations ofthe exchange offering the system and/or listing the contract to determine howorders that do not designate a particular process will be executed.

**LIMITATIONOF LIABILITY**

Exchanges offering anelectronic trading or order routing system and/or listing the contract may haveadopted rules to limit their liability, the liability of FCMs, and software andcommunication system vendors and the amount of damages you may collect for systemfailure and delays. These limitations of liability provisions vary among theexchanges. You should consult the rules and regulations of the relevantexchange(s) in order to understand these liability limitations.

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*Each exchange’s relevantrules are available upon request from the industry professional with whom youhave an account. Some exchange’s relevant rules also are available on theexchange’s Internet home page.

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**NEW YORK BOARD OF TRADE**

**ELECTRONICORDER ROUTING SYSTEMS DISCLOSURE STATEMENT**

The NYBOT exchanges haveimplemented an electronic order routing system (“EOR”), which enables futurescommission merchants (“FCMs”) to place orders for contracts electronically withfloor brokers and, where customers have access to FCM automated order routing systems,to transmit orders to floor brokers using those systems.

The EOR differs fromtraditional manual order routing methods and is subject to the rules andregulations of each NYBOT exchange. Before you enter orders using the EOR, youshould carefully review the rules and regulations of the relevant exchange.

**RISKSASSOCIATED WITH SYSTEM FAILURE**

Entering orders through anelectronic order routing system exposes you to risks associated with systems orcomponent failure. In the event of system or component failure, it is possiblethat, for a certain time period, you may not be able to enter new orders, ormodify or cancel orders that were previously entered. Systems or componentfailure may also result in loss of orders or order priority.

**LIMITATIONSOF LIABILITY**

Each of Coffee, Sugar &Cocoa Exchange, Inc., New York Cotton Exchange, New York Futures Exchange, Inc.and Citrus Associates of the New York Cotton Exchange, Inc. have adoptedBy-Laws and Rules which contain limitations of liability provisions. Theexchanges have adopted rules to limit their liability, the liability of theirmembers, member firms and clearing members and the amount of damages you maycollect for system failure and delays. You should consult the rules andregulations of the relevant exchange in order to understand these liabilitylimitations. Those rules and regulations are available upon request from theindustry professional with whom you have an account or by contacting therelevant NYBOT exchange listed above.

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**ADDITIONAL RISK DISCLOSURE STATEMENT**

Dear Sir or Madam:

As a result of the followinginformation on your account application, RJO is providing you with theiradditional risk disclosure before you open a commodity future and optiontrading account:

                   Your annual income is less than $25,000

                   Your net worth is less than $25,000

                   You are not between 21 and 65 years of age

                   You do not have at least six months of futuresinvestment experience

While RJO is prepared to openyour account, it is required to advise you to consider the risks involved withtrading commodity futures and options. The risk of loss in trading commodityfutures and options can be substantial and may be inappropriate for you for thereason checked above; therefore, you must consider whether such trading isproper in light of your financial condition. Only Risk Capital (money that youare able to lose without adversely affecting your standard of living) should beinvested. RJO recommends that you review the Risk Disclosure Statement in theAccount Agreement and/or discuss any concerns with your broker or otherfinancial advisor before finalizing your decision.

ACKNOWLEDGEMENT

I understand that the risksassociated with commodity trading may not be appropriate for me. However, Ihave read the Risk Disclosure Statements and I have considered the financialrisks involved in commodity trading with regard to my financial condition, andI wish to proceed with opening an account.
| **If Individual or Joint Account:** |                   |   |   | **If Corporation, Partnership, or  other entity:** (All |
|-------------------------------------|------------------------|--------|--------|---------------------------------------------------------|
| ** **                          |                   |   |   | General Partners must sign.)                            |
|                                | ** **             |   |   |                                                    |   |   |   |   |
|                                | ** **             |   |   |                                                    |   |   |   |   |
| X                                   | ** **             |   |   |                                                    | X |   |   |   |
| ** **                          | Customer Signature     |   | Date   |                                                    |   | Signature |   | Title |
|                                |                   |   |   |                                                    |   |   |   |   |
|                                |                   |   |   |                                                    |   |   |   |   |
|                                | Print Customer Name    |   |   |                                                    |   | Date |   |   |
|                                |                   |   |   |                                                    |   |   |   |   |
|                                |                   |   |   |                                                    |   |   |   |   |
| X                                   |                   |   |   |                                                    | X |   |   |   |
|                                | Joint Party Signature  |   | Date   |                                                    |   | Signature |   | Title |
|                                |                   |   |   |                                                    |   |   |   |   |
|                                |                   |   |   |                                                    |   |   |   |   |
|                                | Print Joint Party Name |   |   |                                                    |   | Date |   |   |

 

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**REQUEST FOR ELECTRONIC TRANSMISSION OF CUSTOMERSTATEMENTS**

Attention: R.J. O’Brien

The undersigned Customer (“Customer”) requests thatyou provide confirmation statements of activity solely by electronictransmission to the E-mail address indicated below. Please do not mail hardcopies of such statements (except for monthly statements).

Customer warrants and represents that thebelow-referenced E-mail will promptly print out the relevant Customerstatements in the form you transmit. Customer understands that there is a riskof failure of any electronic transmission, and will not hold you liabledirectly or indirectly for such failure. If Customer fails to receive anyconfirmation statement that reflects activity of which Customer is aware in theaccount, Customer will contact an RJO customer service representative by 8:00a.m. (CST) on the business day following the day of any such activity.

This consent shall beeffective until revoked by Customer in writing, signed by the undersigned anddelivered to R.J. O’Brien at 222 South Riverside Plaza, Suite 900, Chicago, IL60606. In addition, Customer acknowledges that for its protection and theprotection of RJO, any request to change the email address listed below must bein writing and must bear the signature of the undersigned. In the event such arequest is received from a legal entity, such as a corporation, LLC orpartnership, the request must be accompanied by appropriate documentationestablishing that the person signing the request possesses the requisiteauthority to bind the entity. By signing below, Customer represents that thedelivery and execution of this consent has been duly authorized.

 
|                                    |                                  |               |              |    |   |   |
|-----------------------------------------|---------------------------------------|--------------------|-------------------|---------|--------|--------|
|                                    | JWH Global Trust                      |               | 59000001-59000005 |    |   |   |
| Customer Name                           |                                  | Account Number (s) |              |    |   |
|                                    |                                  |               |              |    |   |   |
|                                    | Erin Ryan  <eryan@refcoinc.com> |               |              |    |   |
| Customer E-mail  Address (Please Print) |                                  |               |              |    |
|                                    |                                  |               |              |    |   |   |
|                                    |                                  |               |              |    |   |   |
| By:                                     | /s/ A. Cazenave                       |               |              | 9/27/06 |   |   |   |
|                                    | Signature                             |               | Date              |    |   |   |
|                                    |                                  |               |              |    |   |   |
| Name:                                   | A. Cazenave                           | ** **         |              |    |   |   |
|                                    |                                  | ** **         |              |    |   |   |
|                                         |                                       |                    |                   |         |        |        |  |  |  |  |  |  |

 

 
|                                         |                    |               |              |   |   |
|-----------------------------------------|-------------------------|--------------------|-------------------|--------|--------|
|                                    | JWH Global Trust        |               | 59000001-59000005 |   |   |   |
| Customer Name                           |                    | Account Number (s) |              |   |   |
|                                    |                    |               |              |   |   |   |   |
|                                    | Lontiveros@refcoinc.com |               |              |   |   |
| Customer E-mail  Address (Please Print) |                    |               |              |
|                                    |                    |               |              |   |   |   |
|                                    |                    |               |              |   |   |   |
| By:                                     | /s/ Annette Cazenave    |               | 9/27/06           |   |   |   |
|                                    | Signature               |               | Date              |   |   |   |
|                                    |                    |               |              |   |   |   |
| Name:                                   | Annette Cazenave        |               |              |   |   |
|                                    | &                   |               |              |   |   |
|                                    | cwillis@refcoinc.com    |               |              |   |   |
|                                    | /s/ A. Cazenave         |               | 9/27/06           |   |   |   |
|                                    |                    |               |              |
|                                         |                         |                    |                   |        |        |  |  |  |  |  |  |  |

 
|                           |                                                  |   |     |   |   |   |
|--------------------------------|-------------------------------------------------------|--------|----------|--------|--------|--------|
|                           | John W. Henry & Company, Inc.                     |   |     |   |   |
| Authorized  Trader’s Name |                                                  |   |     |
|                           |                                                  |   |     |   |   |   |
|                           | IS@JWHmail.com                                        |   |     |   |   |
|                           | Authorized Trader’s Email Address (Please Print) |   |     |   |   |
|                           |                                                  |   |     |   |   |   |
| By                             | /s/ K.S. Webster                                      |   | 10/04/06 |   |   |   |   |   |
|                           | Signature                                             |   | Date     |   |   |   |   |   |
|                           | Kenneth S. Webster,                                   |   |     |   |   |   |   |   |
|                           | Senior Vice President                                 |   |     |   |   |   |   |   |
|                           | and Chief Operating Officer                           |   |     |   |   |   |   |
|                           |                                                  |   |     |   |   |   |
|                                |                                                       |        |          |        |        |        |  |  |  |  |  |

 

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**INTERNAL REVENUE CODESUBSTITUTE FORM W-9**
| Social Security  Number |             |   | Federal Employer ID Number | 36-4113382 |
|-------------------------|------------------|--------|----------------------------|------------|
|                    |             |   |                       |       |
| Legal Account Name:     | JWH Global Trust |   |
|                         |                  |        |                            |            |  |  |

 

If you have **NOT**furnishedR.J. O’Brien with your taxpayer identification number (usually your SocialSecurity number) and do **NOT**signbelow, R.J. O’Brien must generally withhold 20% of certain income from youraccount. I hereby certify under penalties of perjury that I am not subject tobackup withholding under the provisions of Section 3406 (a)(1)(c) of theInternal Revenue Code.
| X      | /s/ Annette A. Cazenave,                                 |   |   | Sept. 27, 2006 |   |
|--------|----------------------------------------------------------|--------|--------|----------------|--------|
|   | Signature  Refco Comm. Mgmt – Mging Owner |   | Date   |           |

 

**Please note that all required regulatory informationreporting applicable to activity within this account (including InternalRevenue Service reporting) will be submitted with the legal name and FederalTax Identification Number stated above.**

**Please note that all Foreign Accounts must fill out aform W-8 which can be found on the R.J. O’Brien website at www.rjobrien.com. Inaddition, this account form must be accompanied by a copy of your passport orother governmental identification.**

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**R.J. O’BRIENACCOUNT TRANSFER**

CURRENT BROKERAGE HOUSE:
|           |   |   |   |
|-----------|--------|--------|--------|
|      |   |   |   |
|      |   |   |   |
| Account # |   |   |   |   |
|           |        |        |        |  |

 

Gentlemen:

I have this day given R.J. O’Brien this form and mypermission for them to present it to you at their discretion. In accordancewith the Commodity Futures Trading Commission Act, I hereby demand thatupon presentation of this document to you by R.J. O’Brien, you do the following:

Please cancel any pending open orders I have with your firm.Additionally, immediately transfer my account balance and all open futures andoptions positions, cash, margins, or securities to:

**R.J. O’Brien222 South Riverside Plaza, Suite 900Chicago, IL 60606**

Send me a confirmation of this transfer.

Very truly yours,
| **If individual  or joint account:** |                   |
|--------------------------------------|------------------------|
|                                 |                   |   |
|                                 |                   |   |   |
|                                 | Print Customer Name    |   |   |
|                                 |                   |   |
| X                                    |                   |   |   |
|                                 | Customer Signature     |   |   |
|                                 |                   |   |
|                                 |                   |   |   |
|                                 | Date                   |   |
|                                 |                   |   |
|                                 |                   |   |   |
|                                 | Print Joint Party Name |   |   |
|                                 |                   |   |   |
|                                 |                   |   |   |
| X                                    |                   |   |   |
|                                 | Joint Party Signature  |   |   |
|                                 |                   |   |   |
|                                 |                   |   |   |
|                                 | Date                   |   |
|                                      |                        |  |  |  |

 
| **If corporation, partnership or  other entity:** |                                    |
|---------------------------------------------------|-----------------------------------------|
| ** **                                        |                                    |
|                                              |                                    |   |   |
|                                              | Print Name                              |   |   |
|                                              |                                    |   |
|                                              |                                    |   |   |
|                                              | Print Authorized Individual’s Name |   |
|                                              |                                    |   |   |   |
|                                              |                                    |   |
| X                                                 |                                    |   |   |
|                                              | Signature                               |   |   |
|                                              |                                    |   |
|                                              |                                    |   |   |   |   |
|                                              | Title                                   |   |   | Date |   |   |
|                                                   |                                         |  |  |  |  |  |  |  |  |  |

 

 

 
|  | RJO ACCOUNT #: |   |
|--|----------------|--------|

 

27

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**RJ O’BRIEN**

**RELATED ACCOUNT AUTHORIZATION**

Theundersigned (Customer) hereby authorizes and directs RJ O’Brien (RJO) to open anew account using all existing account documentation including but notlimited to agreements and risk disclosure acknowledgements, maintained andexisting on file with RJO. Customer herebyacknowledges the receipt and sufficiency of consideration in exchangefor RJO’s agreement to open this new account. Customer accepts and agrees to beobligated to all of the representations and terms and conditions containedwithin the existing account documentation, customer agreement, and otheragreement, or acknowledgement of receipt of risk disclosures previously agreedto with RJO or which are herein incorporated by reference.

Customer further representsthat any additional account opened pursuant to this authorization is identicalin all respects to customer’s existing account, except as otherwise disclosedto RJO in writing, and further represents that there have been no materialchanges in customer’s personal information or financial condition as previouslydisclosed in prior account documentation.

Customer acknowledgesthat his/her separate accounts will not contain long positions in one accountand offsetting short positions in another account unless such accounts areindependently traded or unless one account is a Speculative Account and theother is a Hedge Account.  In any event,Customer understands that positions in separate accounts cannot be transferredfrom one account to another account if such transfer would result in anoffsetting transaction.
| ACCOUNT  TITLE     |  JWH Global Trust |   |
|--------------------|------------------------|--------|
|               |                   |   |
| EXISTING ACCOUNT # |                   |   | NEW ACCOUNT # |   |   |
|                    |                        |        |  |  |  |  |

 
|        |                                                                                               |   |                   |   |   |
|-------------|----------------------------------------------------------------------------------------------------|--------|------------------------|--------|--------|
| Signature   |                                                                                               |   | Joint  Owner Signature |
|        |                                                                                               |   |                   |   |
|        |                                                                                               |   |                   |   |   |
| Print  Name |                                                                                               |   | Print Name             |
|        |                                                                                               |   |                   |   |
| Date:       |         /        / |   |                   |   |   |
|             |                                                                                                    |        |                        |        |        |  |

 

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