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CUSTOMER ACCOUNT APPLICATION A registered CFTC Futures Commission Merchant as of February 2015 Office Code Account No. Sales Code

Pull Out and Retain This Section for Your Records Risk Disclosure Statements Customer Copy To open an account with ADM Investor Services, Inc. you acknowledge and having read and understood the following: RISK DISCLOSURE STATEMENT FOR FUTURES AND OPTIONS RISK DISCLOSURE STATEMENT FOR FOREIGN EXCHANGE Pull Out and Retain this Section for Your Record

The risk of loss in trading commodity futures contracts can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should be aware of the following points: (1) You may sustain a total loss of the funds that you deposit with your broker to establish or maintain a position in the commodity futures market, and you may incur losses beyond these amounts. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the required funds within the time required by your broker, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. (2) The funds you deposit with a futures commission merchant for trading futures positions are not protected by insurance in the event of the bankruptcy or insolvency of the futures commission merchant, or in the event your funds are misappropriated. (3) The funds you deposit with a futures commission merchant for trading futures positions are not protected by the Securities Investor Protection Corporation even if the futures commission merchant is registered with the Securities and Exchange Commission as a broker or dealer. Retain This Section for Your Records RISK DISCLOSURE STATEMENT (8) You should consult your futures commission merchant concerning the nature of the protections available to safeguard funds or property deposited for your account. (9) Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market reaches a daily price fluctuation limit ( limit move ). (10) All futures positions involve risk, and a spread position may not be less risky than an outright long or short position. (11) The high degree of leverage (gearing) that is often obtainable in futures trading because of the small margin requirements can work against you as well as for you. Leverage (gearing) can lead to large losses as well as gains. (12) In addition to the risks noted in the paragraphs enumerated above, you should be familiar with the futures commission merchant you select to entrust your funds for trading futures positions. The Commodity Futures Trading Commission requires each futures commission merchant to make publicly available on its Web site firm specific disclosures and financial information to assist you with your assessment and selection of a futures commission merchant. Information regarding this futures commission merchant may be obtained by visiting our Web site, www.admis.com. (4) The funds you deposit with a futures commission merchant are generally not guaranteed or insured by a derivatives clearing organization in the event of the bankruptcy or insolvency of the futures commission merchant, or if the futures commission merchant is otherwise unable to refund your funds. Certain derivatives clearing organizations, however, may have programs that provide limited insurance to customers. You should inquire of your futures commission merchant whether your funds will be insured by a derivatives clearing organization and you should understand the benefits and limitations of such insurance programs. (5) The funds you deposit with a futures commission merchant are not held by the futures commission merchant in a separate account for your individual benefit. Futures commission merchants commingle the funds received from customers in one or more accounts and you may be exposed to losses incurred by other customers if the futures commission merchant does not have sufficient capital to cover such other customers trading losses. (6) The funds you deposit with a futures commission merchant may be invested by the futures commission merchant in certain types of financial instruments that have been approved by the Commission for the purpose of such investments. Permitted investments are listed in Commission Regulation 1.25 and include: U.S. government securities; municipal securities; money market mutual funds; and certain corporate notes and bonds. The futures commission merchant may retain the interest and other earnings realized from its investment of customer funds. You should be familiar with the types of financial instruments that a futures commission merchant may invest customer funds in. (7) Futures commission merchants are permitted to deposit customer funds with affiliated entities, such as affiliated banks, securities brokers or dealers, or foreign brokers. You should inquire as to whether your futures commission merchant deposits funds with affiliates and assess whether such deposits by the futures commission merchant with its affiliates increases the risks to your funds. ALL OF THE POINTS NOTED ABOVE APPLY TO ALL FUTURES TRADING WHETHER FOREIGN OR DOMESTIC. IN ADDITION, IF YOU ARE CONTEMPLATING TRADING FOREIGN FUTURES OR OPTIONS CONTRACTS, YOU SHOULD BE AWARE OF THE FOLLOWING ADDITIONAL RISKS: (13) Foreign futures transactions involve executing and clearing trades on a foreign exchange. This is the case even if the foreign exchange is formally linked to a domestic exchange, whereby a trade executed on one exchange liquidates or establishes a position on the other exchange. No domestic organization regulates the activities of a foreign exchange, including the execution, delivery, and clearing of transactions on such an exchange, and no domestic regulator has the power to compel enforcement of the rules of the foreign exchange or the laws of the foreign country. Moreover, such laws or regulations will vary depending on the foreign country in which the transaction occurs. For these reasons, customers who trade on foreign exchanges may not be afforded certain of the protections which apply to domestic transactions, including the right to use domestic alternative dispute resolution procedures. In particular, funds received from customers to margin foreign futures transactions may not be provided the same protections as funds received to margin futures transactions on domestic exchanges. Before you trade, you should familiarize yourself with the foreign rules which will apply to your particular transaction. (14) Finally, you should be aware that the price of any foreign futures or option contract and, therefore, the potential profit and loss resulting therefrom, may be affected by any fluctuation in the foreign exchange rate between the time the order is placed and the foreign futures contract is liquidated or the foreign option contract is liquidated or exercised. THIS BRIEF STATEMENT CANNOT, OF COURSE, DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF THE COMMODITY MARKETS.

Retain This Section for Your Records RISK DISCLOSURE STATEMENT FOR FUTURES AND OPTIONS This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading in futures and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. Futures 1. Effect of Leverage or Gearing Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract so that transactions are 'leverage' or 'geared.' A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. 2. Risk-reducing orders or strategies The placing of certain orders (e.g. 'stop-loss' orders, where permitted under local law, or stop-limit orders) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as 'spread' and 'straddle' positions may be risky as taking simple 'long' or 'short' positions. Options 3. Variable degree of risk Transactions in options carry a high degree of risk. Purchasers and sellers of options should familiarize themselves with the type of option (i.e. put or call) which they contemplate trading and the associated risks. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs. The purchaser of options may offset or exercise the options or allow the options to expire. The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. If the option is on a future, the purchaser will acquire a futures position with associated liabilities for margin (see the section on Futures above). If the purchased options expire worthless, you will suffer a total loss of your investment which will consist of the option premium plus transaction costs. If you are contemplating purchasing deep-out-of-the-money options, you should be aware that the chance of such options becoming profitable ordinarily is remote. Selling ( writing or granting ) an option generally entails considerably greater risk than purchasing options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavorably. The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying interest. If the option is on a future, the seller will acquire a position in a future with associated liabilities for margin (see the section on Futures above). If the option is 'covered' by the seller holding a corresponding position in the underlying interest or a future or another option, the risk may be reduced. If the option is not covered, the risk of loss can be unlimited. Certain exchanges in some jurisdictions permit deferred payment of the option premium, exposing the purchaser to liability for margin payments not exceeding the amount of the premium. The purchaser is still subject to the risk of losing the premium and transaction costs. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time. Additional risks common to futures and options 4. Terms and conditions of contracts You should ask the firm with which you deal about the terms and conditions of the specific futures or options which you are trading and associated obligations (e.g. the circumstances under which you may become obligated to make or take delivery of the underlying interest of a futures contract and, in respect of options, expiration dates and restrictions on the time for exercise). Under certain circumstances the specifications of outstanding contracts (including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes in the underlying interest. 5. Suspension or restriction of trading and pricing relationships Market conditions (e.g. illiquidity) and/or the operation of the rules of certain markets (e.g. the suspension of trading in any contract or contract month because of price limits or circuit breakers ) may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. If you have sold options, this may increase the risk of loss. Further, normal pricing relationships between the underlying interest and the future, and the underlying interest and the option may not exist. This can occur when, for example, the futures contract underlying the option is subject to price limits while the option is not. The absence of an underlying reference price may make it difficult to judge 'fair' value. 6. Deposited cash and property You should familiarize yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some Jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as 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 clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss. 8. Transactions in other jurisdictions Transactions on markets in other Jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. Such markets may be subject to regulation which may offer different or diminished investor protection. Before you trade you should enquire about any rules relevant to your particular transactions. Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been effected. You should ask the firm with which you deal for details about the types of redress available in both your home jurisdiction and other relevant jurisdictions before you start to trade. 9. Currency risks The profit or loss in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.

Retain This Section for Your Records RISK DISCLOSURE STATEMENT FOR FUTURES AND OPTIONS 10. Trading facilities Most open-outcry and electronic trading facilities are supported by computer-based component systems for the order-routing, execution, matching, registration or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearing house and/or member firms. Such limits may vary: you should ask the firm with which you deal for details in this respect. 11. Electronic trading Trading on an electronic trading system may differ not only from trading in an open-outcry market but also from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of ANY system failure may be that your order is either not executed according to your instructions or is not executed at all. 12. Off-exchange transactions In some Jurisdictions, and only then in restricted circumstances firms are permitted to effect off-exchange transactions. The firm 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 assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarize yourself with applicable rules and attendant risks. This disclosure document meets the risk disclosure requirements in the jurisdictions identified below ONLY for those instruments which are specified. United States: Commodity futures, options on commodity futures and options on commodities subject to the Commodity Exchange Act. United Kingdom: Futures, options on futures, options on commodities and options on equities traded by members of the United Kingdom Securities and Futures Authority pursuant to the Financial Services Act, 1986. Ireland: Financial futures and options on financial futures traded by members of futures exchanges on exchanges whose rules have been approved by the Central Bank of Ireland under Chapter VIII of the Central Bank Act, 1989.

Retain This Section for Your Records RISK DISCLOSURE STATEMENT FOR FOREIGN EXCHANGE OFF-EXCHANGE FOREIGN CURRENCY TRANSACTIONS INVOLVE THE LEVERAGED TRADING OF CONTRACTS DENOMINATED IN FOREIGN CURRENCY CONDUCTED WITH A FUTURES COMMISSION MERCHANT OR A RETAIL FOREIGN EXCHANGE DEALER AS YOUR COUNTERPARTY. BECAUSE OF THE LEVERAGE AND THE OTHER RISKS DISCLOSED HERE, YOU CAN RAPIDLY LOSE ALL OF THE FUNDS YOU DEPOSIT FOR SUCH TRADING AND YOU MAY LOSE MORE THAN YOU DEPOSIT. YOU SHOULD BE AWARE OF AND CAREFULLY CONSIDER THE FOLLOWING POINTS BEFORE DETERMINING WHETHER SUCH TRADING IS APPROPRIATE FOR YOU. (1) TRADING IS NOT ON A REGULATED MARKET OR EXCHANGE YOUR DEALER IS YOUR TRADING PARTNER WHICH IS A DIRECT CONFLICT OF INTEREST. BEFORE YOU ENGAGE IN ANY RETAIL FOREIGN EXCHANGE TRADING, YOU SHOULD CONFIRM THE REGISTRATION STATUS OF YOUR COUNTERPARTY. The off-exchange foreign currency trading you are entering into is not conducted on an interbank market, nor is it conducted on a futures exchange subject to regulation as a designated contract market by the Commodity Futures Trading Commission. The foreign currency trades you transact are trades with the futures commission merchant or retail foreign exchange dealer as your counterparty. WHEN YOU SELL, THE DEALER IS THE BUYER. WHEN YOU BUY, THE DEALER IS THE SELLER. As a result, when you lose money trading, your dealer is making money on such trades, in addition to any fees, commissions, or spreads the dealer may charge. (2) AN ELECTRONIC TRADING PLATFORM FOR RETAIL FOREIGN CURRENCY TRANSACTIONS IS NOT AN EXCHANGE. IT IS AN ELECTRONIC CONNECTION FOR ACCESSING YOUR DEALER. THE TERMS OF AVAILABILITY OF SUCH A PLATFORM ARE GOVERNED ONLY BY YOUR CONTRACT WITH YOUR DEALER. Any trading platform that you may use to enter off-exchange foreign currency transactions is only connected to your futures commission merchant or retail foreign exchange dealer. You are accessing that trading platform only to transact with your dealer. You are not trading with any other entities or customers of the dealer by accessing such platform. The availability and operation of any such platform, including the consequences of the unavailability of the trading platform for any reason, is governed only by the terms of your account agreement with the dealer. (3) YOUR DEPOSITS WITH THE DEALER HAVE NO REGULATORY PROTECTIONS. All of your rights associated with your retail forex trading, including the manner and denomination of any payments made to you, are governed by the contract terms established in your account agreement with the futures commission merchant or retail foreign exchange dealer. Funds deposited by you with a futures commission merchant or retail foreign exchange dealer for trading offexchange foreign currency transactions are not subject to the customer funds protections provided to customers trading on a contract market that is designated by the Commodity Futures Trading Commission. Your dealer may commingle your funds with its own operating funds or use them for other purposes. In the event your dealer becomes bankrupt, any funds the dealer is holding for you in addition to any amounts owed to you resulting from trading, whether or not any assets are maintained in separate deposit accounts by the dealer, may be treated as an unsecured creditor's claim. (4) YOU ARE LIMITED TO YOUR DEALER TO OFFSET OR LIQUI ANY TRADING POSITIONS SINCE THE TRANSACTIONS ARE NOT MADE ON AN EXCHANGE OR MARKET, AND YOUR DEALER MAY SET ITS OWN PRICES. Your ability to close your transactions or offset positions is limited to what your dealer will offer to you, as there is no other market for these transactions. Your dealer may offer any prices it wishes, and it may offer prices derived from outside sources or not in its discretion. Your dealer may establish its prices by offering spreads from third party prices, but it is under no obligation to do so or to continue to do so. Your dealer may offer different prices to different customers at any point in time on its own terms. The terms of your account agreement alone govern the obligations your dealer has to you to offer prices and offer offset or liquidating transactions in your account and make any payments to you. The prices offered by your dealer may or may not reflect prices available elsewhere at any exchange, interbank, or other market for foreign currency.

(5) PAID SOLICITORS MAY HAVE UNDISCLOSED CONFLICTS Retain This Section for Your Records The futures commission merchant or retail foreign exchange dealer may compensate introducing brokers for introducing your account in ways which are not disclosed to you. Such paid solicitors are not required to have, and may not have, any special expertise in trading, and may have conflicts of interest based on the method by which they are compensated. Solicitors working on behalf of futures commission merchants and retail foreign exchange dealers are required to register. You should confirm that they are, in fact registered. You should thoroughly investigate the manner in which all such solicitors are compensated and be very cautious in granting any person or entity authority to trade on your behalf. You should always consider obtaining dated written confirmation of any information you are relying on from your dealer or a solicitor in making any trading or account decisions. FINALLY, YOU SHOULD THOROUGHLY INVESTIGATE ANY STATEMENTS BY ANY DEALERS OR SALES REPRESENTATIVES WHICH MINIMIZE THE IMPORTANCE OF, OR CONTRADICT, ANY OF THE TERMS OF THIS RISK DISCLOSURE. SUCH STATEMENTS MAY INDICATE POTENTIAL SALES FRAUD. THIS BRIEF STATEMENT CANNOT, OF COURSE, DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF TRADING OFF-EXCHANGE FOREIGN CURRENCY TRANSACTIONS WITH A FUTURES COMMISSION MERCHANT OR RETAIL FOREIGN EXCHANGE DEALER.

Retain This Section for Your Records PRIVACY POLICY Dear Client: ADM Investor Services ( ADMIS ) and its affiliated introducing broker that introduced your account to ADMIS, (hereafter jointly called the Companies ) are committed to protecting the privacy, accuracy and reliability of any personal information you choose to provide. The Companies are further committed to safeguarding such information from loss, misuse, unauthorized access, disclosure and alteration. This privacy policy statement is provided to you on behalf of the Companies and addresses the Companies data collection, use and disclosure practices. This privacy policy may change from time to time and you will receive written notification of any such changes. If your account was introduced to ADMIS by an independent introducing broker or another Futures Commission Merchant, this privacy policy applies only to how your personal information is handled and protected by ADMIS, not how it is handled and protected by your independent introducing broker or Futures Commission Merchant. Personal Information Collected The reason the Companies collect information is to create and foster ongoing customer relationships. In the normal course of this process, the Companies obtain and retain non-public (personal) information about you which is transmitted to us either directly by you or via your broker in order to open an account. This includes your name, address, tax identification number, approximate age, investment experience and other identifiable information. In addition, the Companies may obtain information about you through our affiliates, credit reporting services, regulatory information providers and other similar entities. The Companies limit such information to such facts as are necessary to establish a relationship with you as a customer and to offer accurate and superior service in the normal course of business as it relates to your account carried at the Companies. The Companies also obtain and retain non-public (personal) information about you resulting from transactions involving your financial investments. This includes your account balances, funding and transaction history. In addition, the Companies obtain and retain non-public (personal) information about you in connection with information obtained through an information-collecting device from a web server, often referred to as a cookie. Use of Personal Information The Companies use your personal information for three general purposes: First, the Companies use the information to approve and activate an account for you and/or to make changes or additions to information previously provided to us to open an account for you. Second the Companies may use it to give you online access to your account information and the Companies proprietary information in a secured environment. Third, the Companies use the information in the normal course of business to transmit account activity statements and related documents to you relating to activity in your account with the Companies. Disclosure of Personal Information The Companies take very seriously their responsibilities to keep your personal information private. The Companies will not disclose non-public personal information about our customers except as required and permitted by law and in the following instances: In processing or servicing of products or services offered by the Companies that have been consented to, requested or authorized by the customer. The Companies may share your personal information with affiliates and subsidiaries and/or unaffiliated third parties only as is necessary to verify the accuracy of the information you have provided, to conduct identity, background and credit history checks, to process or collect payments, to service your account, for audit purposes and/or to ensure regulatory compliance. The Companies may be required to disclose personal information by law or legal process for a variety of reasons, including protecting and defending the rights or property of the Companies and periodically reporting trading gains or losses as required by the Internal Revenue Service. The Companies may also be required to disclose personal information to the regulatory bodies whose jurisdiction they are subject to. Except under the circumstances described above, The Companies will not disclose any of your personal information to unaffiliated third parties, unless specifically authorized by you in writing to do so. The confidentiality and conditions of this agreement will continue to be maintained even when you cease to do business with the Companies.

Retain This Section for Your Records How the Companies Protect Personal Information The Companies take reasonable measures to protect your personal information from unauthorized access through the use of physical security, and use and access policies for employees. The Companies safeguard customer information from unauthorized access by their confidentiality policies and/or limiting the number of employees permitted to access such information through personalized staff passwords, and by having in place a process for disciplinary action where appropriate. Additionally, customer, or account activity related information is protected on the Companies Web sites with a variety of security measures such as change control procedures, passwords, and physical access controls. The Companies also employ a variety of other mechanisms to protect a user's data from being lost, misused, or altered inappropriately. Although the Companies take these measures to safeguard against unauthorized use of a user's data, the Companies cannot control Internet transmissions and cannot provide assurances that personal information transmitted to the Companies will never be compromised. Information Sharing with Affiliates of the Companies Although by law we are permitted to share information with our affiliates and subsidiaries related to our transactions and experiences with you, it is the policy of the Companies not to do so without your authorization, except in the limited circumstances referenced above. Accordingly, the Companies will not share any personal information either provided by you or obtained from third parties, unless it is necessary to do so for the purposes described above or it is required by law or regulation or unless we have your specific written authorization. The Companies Web site may contain hyperlinks to third parties Web sites. This privacy policy does not apply to those third party Web sites. The Companies are not responsible for the privacy policies or content of any other Web site its customers visit or link to, nor do the Companies have control over the use or security of any information provided to its customers or collected by those Web sites. It is recommended that you become familiar with the privacy policies of those Web sites that you visit or link to. Accuracy of Personal Information On an ongoing basis the Companies evaluate their efforts to protect your personal information and ensure its accuracy. Should you identify any inaccuracy in the personal information included in any communication you receive from the Companies, please notify your broker or the ADMIS Compliance Department immediately at 1-800-243-2649. The Companies will take reasonable steps to ensure it is corrected on a timely basis.

Retain This Section for Your Records Non U.S. Domiciled Customers: This Notice is provided to you pursuant to the U.S. Commodity Futures Trading Commission ( CFTC ) Regulations. This Notice is to be used for informational purposes only and should be retained in your files. It is not to be returned to ADMIS or your broker. The Notice below does not apply to customers domiciled in the United States of America. NOTICE TO FOREIGN TRADERS This is to notify you of the requirements of Commodity Futures Trading Commission ( CFTC ) Regulation 15.05 and 21.03 Regulation 15.05 Pursuant to Regulation 15.05, unless otherwise directed in writing ADMIS will serve as the agent for foreign brokers, foreign traders and their foreign customers as it relates to the service of any communication from, or on behalf of, the CFTC, to you. If you already have an existing written agreement designating a U.S. domiciled person as your agent for the purpose of accepting correspondence from a U.S. regulatory authority you must provide ADMIS with the third party agency agreement prior to effecting any futures or options contracts. ADMIS will file the third party agency agreement with the CFTC. The agreement must disclose the agent s name and mailing address. Accordingly, ADMIS must be promptly notified in the event the agreement expires or is revoked. ADMIS will then notify the CFTC as required. Regulation 21.03 Regulation 21.03 provides that the CFTC may request ADMIS to release certain information concerning your account and transactions in your account if the CFTC determines that such information may be relevant in enabling it to determine whether a threat of a market manipulation, corner, squeeze or any other marker disorder exists in any contract market. The regulation sets forth the type of information that may be called for to be filed with the CFTC on or before the date specified in the request. Among other things, the information may include matters such as: The total open futures and options positions carried in the account. The name and address of the account owner. Additionally, if the account is not for an individual, the name of the account contacts. The number of futures contracts against which delivery notices have been issued or received and the number against which exchanges of futures for cash have been transacted during a specified period of time. Whether the account is carried for another futures commission merchant, clearing member, introducing broker, or foreign trader. The name and address of all individuals who control the account; and The name and address of any individual or non-individual who has 10% or more beneficial interest in the account. Failure to comply with a CFTC request for information may result sanctions; including prohibitions against further trading activities.

INSTRUCTIONS In order to open a trading account with ADM Investor Services, Inc. ( ADMIS ) the following documentation is required: 1. Customer Account Application (a) Customer MUST complete one of the following four sections as applicable: A. INDIVIDUAL / JOINT or SOLE PROPRIETORSHIP B. CORPORATION or LIMITED LIABILITY COMPANY C. PARTNERSHIP ACCOUNT D. TRUST ACCOUNT The applicable section MUST be completed thoroughly, signed and dated by the customer certifying that the information provided is true and accurate. (b) CONFIDENTIAL CREDIT INFORMATION Each customer MUST complete Section E. If the Account type is a Joint Account, each party in the Joint Account MUST complete this section. (c) IRS Form W-9 U.S. Customers: Each U.S. customer MUST complete the IRS Form W-9 Certification. (d) IRS Form W-BEN Non-U.S. Customers: Each Non-U.S. customer MUST complete a W-8BEN for Personal Accounts or a W-8ECI, W-8EXP or W-8IMY for Non-Personal Accounts. (See broker for Supplemental Forms) 2. CUSTOMER AGREEMENT: This is a contractual agreement. Please read the Customer Agreement carefully. The customer MUST sign and date the Customer Agreement. If the account type is a General Partnership or Joint Account, each individual General Partner or Joint Account Holder MUST sign and date the Customer Agreement. 3. RISK DISCLOSURE STATEMENT FOR FUTURES AND OPTIONS: Each customer MUST sign and date the Risk Disclosure Statement for Futures and Options and receive a separate copy of this Risk Disclosure 4. RISK DISCLOSURE STATEMENT FOR FOREIGN EXCHANGE: Each customer MUST sign and date the Risk Disclosure Statement for Foreign Exchange and receive a separate copy of this Risk Disclosure. 5. ELECTRONIC TRADING AND ORDER ROUTING SYSTEMS DISCLOSURE STATEMENT Before you engage in transactions using an electronic system, you should carefully review the rules and regulations of the exchange(s) offering the system and/or listing contracts you intend to trade. 6. HEDGE ACCOUNT REPRESENTATION LETTER Complete by explaining the nature and extent of customer business and by indicating and certifying the commodities to be traded by the bona fide hedger. The customer MUST indicate if he would or would not prefer that a trustee liquidate the account in the unlikely event of broker bankruptcy. The customer MUST sign and date as indicated. 7. ARBITRATION and ADDITIONAL RISK DISCLOSURE: If Customer chooses to agree to have any potential dispute settled by arbitration, he needs to sign and date the Arbitration agreement document where indicated. If Customer meets any of the criteria listed in the Additional Risk Disclosure Document, he MUST date and sign this form where indicated. 8. CORPORATE RESOLUTION The Corporate Resolution MUST be completed thoroughly. The Corporation MUST indicate the officers authorized to trade in commodities. The Corporate Authorization MUST be signed and dated by the Secretary of the Corporation and be affixed with or bear the Corporate Seal. 9. LIMITED LIABILITY COMPANY AUTHORIZATION The Limited Liability Company Authorization must be completed thoroughly and indicate all parties authorized to trade in the account. 10. PARTNERSHIP AUTHORIZATION The Partnership Authorization must be completed thoroughly and indicate all parties authorized to trade in the account. 11. APPLICATION TO RECEIVE CUSTOMER STATEMENT AND INFORMATION BY EMAIL The customer must sign this application in order to receive daily and monthly trade confirmations and purchase and sale statements ( Customer Information ) via email. 12. LETTER OF TRANSFER The customer MUST complete by indicating the name and address of the delivering broker along with the account number. The customer MUST also furnish his name and address and sign and date as indicated. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What that means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. Note: Checks must be made payable only to: ADM Investor Services, Inc. Suite 1600A Board of Trade Building 141 W. Jackson Boulevard Chicago, Illinois 60604-3190

CUSTOMER ACCOUNT APPLICATION Account Number ALL INFORMATION MUST BE FURNISHED BY CUSTOMER Office Code Sales Code A. INDIVIDUAL / JOINT or SOLE PROPRIETORSHIP (Section E must also be completed) Check each box applicable: Individual Account Joint Account (Tenants in common) Hedge Account Sole Proprietorship Joint Tenancy (Right of Survivorship) Discretionary Account Individual Name: Joint Owner: Sole Proprietorship Name: Date of Birth ( mm / dd / yy ) Date of Birth ( mm / dd / yy ) Marital Status Single Married Marital Status Single Married Social Security Number No. of dependents Address Social Security Number No. of dependents Address City State Zip City State Zip Home Phone Work Phone Home Phone Work Phone E-mail Address E-mail Address Employer Employer Position Held Position Held Nature of Business Nature of Business Work Address Work Address \ City State Zip City State Zip \ Transmit duplicate statements to (P.O. Boxes are not acceptable except for rural addresses): Name: Email Address: Address: City: State: Zip: \ Bank Reference: Bank Officer: Street: City: State: Zip: \ Do any of the owners of this account control the trading in any other ADMIS commodity account? Yes No If yes, please provide the name(s) and account number(s): Will this account be traded or managed by anyone else? Yes No If yes, please identify trader and attach a copy of power of attorney: \ Does any other person or entity have any financial interest in this account? Yes No If yes, please identify person(s) and state type of interest: \ Are you presently a Member on any Exchange or an AP of an FCM or IB? Yes No If yes, on which Exchange, type of Membership and the approximate date Membership became effective: The foregoing information in Section A. is certified to be true and accurate as of this date. X NAME X NAME (Signature) (Signature) 02.2015 Page 1

CUSTOMER ACCOUNT APPLICATION Account Number ALL INFORMATION MUST BE FURNISHED BY CUSTOMER Office Code Sales Code B. CORPORATE or LIMITED LIABILITY COMPANY (LLC) (Section E must also be completed) (Enclose Articles of Incorporation/LLC Agreement) Check each box applicable: Hedge Account Discretionary Name of Corporation/LLC: Corporate/LLC Account Title Tax I.D.# State of Incorporation or Formation Date of Incorporation or Formation Address (Principal Office) City State Zip Country Mailing Address (If different from Principal Office Address) City State Zip Country Attention Phone Number Fax Number E-mail Address Name of each (Officer, Director, Employee or other party authorized to act with regard to this Account) 1. Name 2. Email Address 3. Mailing Address 4. 5. Transmit duplicate statements to (P.O Boxes are not acceptable except for rural addresses) 6. City State Zip Purpose of business for which corporation/llc is organized: Gross revenues previous operating year: Initial Capitalization: Current Capitalization: Bank Reference: Bank Officer: Street: City: State: Zip: Does this Corporation/LLC control the trading in any other ADMIS commodity account? Yes No If yes, please provide the name(s) and account numbers(s): Will this account be traded or managed by anyone else? Yes No If yes, please identify trader and attach a copy of power of attorney: Does any other person or entity have any financial Interest in this account? Yes No If yes, please identify person or entity and state type of interest: Is this Corporation/LLC or any of its Principals or Affiliates presently a Member on any Exchange? Yes No If yes, on which Exchange(s), type of Membership and the approximate date Membership became effective: Is Corporation/LLC a Futures Commission Merchant or Introducing Broker (as defined by the CFTC)? Yes No If yes, please explain: The foregoing information in section B. is certified to be true and accurate as of this date. X SIGNATURE X SIGNATURE 02.2015 Page 2

CUSTOMER ACCOUNT APPLICATION Account Number ALL INFORMATION MUST BE FURNISHED BY CUSTOMER Office Code Sales Code C. PARTNERSHIP ACCOUNT (Section E must also be completed for each General Partner) (Enclose Partnership Agreement) Check each box applicable: Hedge Account Discretionary Name of Partnership: Tax I.D.# Check one General Business Partnership Account General Trading Partnership Account Limited Business Partnership Account Limited Partnership (Managed or Pooled) Account Type of Business Partnership Address (Principal Office) City State Zip Country Mailing Address (If different from Principal Office Address) City State Zip Country Attention Phone Number Fax Number E-mail Address Name(s) of each General Partner(s) Transmit duplicate statements to (P.O Boxes are not acceptable except for rural addresses) 1. Name 2. Email Address 3. Mailing Address 4. 5. 6. City State Zip Bank Reference: Bank Officer: Street: City: State: Zip: Does this Partnership control the trading in any other ADMIS commodity account? Yes No If yes, please provide the name(s) and account numbers(s): Will this account be traded or managed by anyone else? Yes No If yes, please identify trader and attach a copy of power of attorney: Does any other person or entity have any financial Interest in this account? Yes No If yes, please identify person or entity and state type of interest: Is this Partnership (or any of the General Partners) presently a Member on any Exchange? Yes No If yes, on which Exchange(s), type of Membership and the approximate date Membership became effective: Is Partnership a Futures Commission Merchant or Introducing Broker (as defined by the CFTC)? Yes No If yes, please explain: The foregoing information in section C. is certified to be true and accurate as of this date. X SIGNATURE X SIGNATURE 02.2015 Page 3

CUSTOMER ACCOUNT APPLICATION Account Number ALL INFORMATION MUST BE FURNISHED BY CUSTOMER Office Code Sales Code D. TRUST ACCOUNT (Section E must also be completed) (Enclose Trust Agreement) Check each box applicable: Hedge Account Discretionary Name of Trust: Tax I.D.# Trust Account Title Trust Number Date of Trust Creation Grantor of Trust Mailing Address City State Zip Country Attention Phone Number Fax Number E-mail Address Name(s) of each Trustee(s) (or other person, authorized to act with regard to Trust account) Transmit duplicate statements to (P.O. Boxes are not acceptable except for rural addresses) 1. Name 2. Email Address 3. Mailing Address 4. City State Zip If applicable, specify above whether all, one or any specific number of trustees are required to act on behalf of Trust Bank Reference: Bank Officer: Street: City: State: Zip: Does this Trust control the trading in any other ADMIS commodity account? Yes No If yes, please provide the name(s) and account numbers(s): Will this account be traded or managed by anyone else? Yes No If yes, please identify trader and attach a copy of power of attorney: Does any other person or entity have any financial Interest in this account? Yes No If yes, please identify person or entity and state type of interest: Is this Trust or any of the Trustees a Member on any Exchange? Yes No If yes, on which Exchange(s), type of Membership and the approximate date Membership became effective: The foregoing information in section D. is certified to be true and accurate as of this date. X SIGNATURE X SIGNATURE 02.2015 Page 4

CUSTOMER ACCOUNT APPLICATION Account Number ALL INFORMATION MUST BE FURNISHED BY CUSTOMER Office Code Sales Code E. CONFIDENTIAL CREDIT INFORMATION: Because ADM Investor Services, Inc. is responsible for the clearing of all of Customer s trades made through ADMIS, in effect, ADMIS is the initial guarantor to the Exchange clearing houses of any margin requirements which may be imposed on Customer s account. As such, ADMIS does not intend or undertake to use the following information for the purpose of limiting the Customer s Risk or to protect the Customer from Risk or unsuitable trading, but only for ADMIS s own business operations purposes. NFA rules require the person soliciting this account to obtain the following information. Failure to provide any of this information may result in ADMIS s refusal to accept the account of the Customer. Name: Name: Investment Objectives (Account Owner #1) Investment Objectives (Account Owner #2) Investment Objectives Hedge Speculation Investment Objectives Hedge Speculation Investment Experience (Account Owner #1) Investment Experience (Account Owner #2) Futures/Options Yes No Futures/Options Yes No If yes, how many years? Firm(s) If yes, how many years? Firm(s) Securities Yes No Securities Yes No If yes, how many years? Firm(s) If yes, how many years? Firm(s) Credit Information (Account Owner #1) Credit Information (Account Owner #2) Annual Income $ Annual Income $ Net Worth $ Net Worth $ Risk Capital $ Risk Capital $ Liquid Net Worth $ (cash, securities, other) Liquid Net Worth $ (cash, securities, other) The foregoing information is hereby certified to be true and accurate as of the date hereof. X SIGNATURE X SIGNATURE I approve the opening of this trading account. FOR OFFICE USE ONLY I approve the trading of Security Futures in this account AND I confirm that the customer has received the Security Futures Disclosure Statement. I disapprove the trading of Security Futures in this account. Reason: X IB Signature/Designated Securities Futures Principal Date 02.2015 Page 5

EXCHANGE FOR RELATED POSITIONS ACKNOWLEDGEMENT An Exchange for Related Position ( EFRP ) transaction is governed by the rules and regulations of the exchange(s) listing the product. Before engaging in EFRPs, ADMIS customer ( customer ) and broker responsible for introducing the customer to ADMIS ( broker ) should carefully review the rules and regulations of the exchange(s) listing the product(s) the customer intends to trade. Definitions Exchange for Physical ( EFP ) A privately negotiated and simultaneous exchange of an Exchange futures position for a corresponding cash position. Exchange for Risk ( EFR ) A privately negotiated and simultaneous exchange of an Exchange futures position for a corresponding OTC swap or other OTC instrument. Exchange of Options for Options ( EOO ) A privately negotiated and simultaneous exchange of an Exchange option position for a corresponding OTC option position or other OTC instrument with similar characteristics. For purposes of this document, an EFP, EFR or EOO shall be referred to as an EFRP. Parties to an EFRP One party to the EFRP must be the buyer of (or the holder of the long market exposure associated with) the related position and the seller of the corresponding exchange contract. The other party to the EFRP must be the seller of (or the holder of the short market exposure associated with) the related position and the buyer of the corresponding Exchange contract. Independently Controlled Accounts The opposing accounts to an EFRP transaction must be (a) independently controlled accounts with different beneficial ownership; (b) independently controlled accounts of separate legal entities with common beneficial ownership; or (c) independently controlled accounts of the same legal entity, provided that the account controllers operate in separate business units. For EFRP transactions between accounts with common beneficial ownership, the parties to the trade must be able to demonstrate the independent control of the accounts and that the transaction had economic substance for each party to the trade. Related Positions The related position must be the commodity underlying the exchange contract, or must be a derivative, by-product, or related product of such commodity that has a reasonable degree of price correlation to the commodity underlying the Exchange contract. Each EFRP requires a bona-fide transfer of ownership of the underlying asset between the parties or a bona fide, legally binding contract between the parties consistent with relevant market conventions for the particular related position transaction. Document Retention and Production The documentation for the related position must be prepared and executed at the time of the EFRP transaction. The documentation must then be retained by the parties to the EFRP for a minimum of five years pursuant to CFTC Regulation 1.35. All documents relevant to the related position leg of the EFRP trade, the exchange leg of the EFRP trade, and payments must be provided upon request. Communications (e.g., emails, instant messages) related to the trade negotiation and execution must also be retained and provided upon request. It is the responsibility of all participants, including brokers and customers, to retain and produce all documentation for the trade immediately upon request. Relevant documents for the related position leg of the EFRP trade are those customarily generated in accordance with cash market and/or other relevant market practices. Examples include: Commercial Contract Cash Confirmation OTC Contract Signed Swap Agreement Transfer of Ownership of the related position transaction Invoices Warehouse Receipts Bills of Sale Order tickets, trade blotters, emails, instant messages, etc. related to the order placement, execution, and/or confirmation of the EFRP Proof of payment (e.g. canceled checks, bank statements, Fed wire confirms, Fixed Income Clearing Corporation documents, bills of lading, etc.) 02.2015 Page 6