In the event of such exercise, the profit in excess of commission costs created thereby will be credited to the undersigned's account. In the event that the commission's to be charged for such an exercise transaction exceeds the proceeds to be realized, the undersigned agrees and hereby relinquishes the undersigned's ownership in said option to you, and you may exercise such option for your own account. If the undersigned does not instruct EFGI to exercise the valuable option by the time stated above, and you for whatever reason, do not exercise such option on the undersigned's behalf, the undersigned hereby waives any and all claims for damage or loss which the undersigned might at the time or any time thereafter have against you arising out of the fact that the option was not exercised. Exercise assignment notices for options contracts are allocated among all customers' short positions within that series. This it accomplished by a manual procedure which randomly selects from among all customer short positions, including positions established on the day of assignment, those contracts which are subject to exercise.
All short positions are liable for assignment at any time.
The undersigned understands that a more detailed description of this procedure it available upon request by the undersigned. Uncovered Options . You have the right, in your sole discretion, to permit the undersigned to apply the proceeds of such sale to such collateral requirements. The undersigned is aware of the high degree of risk involved in options transactions and has given EFGI, in strict confidence, information to demonstrate that this account and the trading anticipated in connection therewith is not unsuitable for the undersigned in light of the undersigned's investment objectives, financial situation and needs, experience and knowledge. The undersigned agrees to advise EFGI of any changes in the undersigned's investment objectives, financial situation or other circumstances that may be deemed to materially affect the suitability of executing options transactions for the undersigned's account.