51 Grosvenor Street, Mayfair, London +44 (0) 20 3129 9419 www.oxfordbarnes.com

This is a Brokerage Account Application. Please read it carefully, as you will select products and services, tell us how you want to communicate with us, and agree to certain provisions that will govern our relationship. When we accept it, this Application and all accompanying or supplemental documents form the entire Agreement between us for this account.

Unless otherwise indicated in this Application, the words ―you,‖ ―your,‖ ―yourself,‖ and ―yours‖ mean the applicant(s The words ―we,‖ ―us,‖ and ―our‖ mean {Oxford Barnes, 51 Grosvenor Street, Mayfair, London W1K 3HH} and our branches, subsidiaries, and affiliates.

Please complete and sign this Application, along with any required supplemental forms identified through this application process.

In order to complete this Application, you will need some or all of the following information:

• Identification information, such as a driver’s license, passport, or another type of government-issued identification

• Information about your annual income, debt, expenses, and net worth

The above information helps us comply with various securities regulations and rules and the USA PATRIOT Act, a Federal law that requires all securities firms to obtain, verify, and record information that identifies each applicant. The information also helps us more fully understand your investment profile and identify what types of investments or strategies may be suitable for you. Please note: if we cannot verify the information you provide, we may be required to restrict or deny your account. Please remember to notify us if you experience a significant life change, such as the birth of a child, marriage, divorce, death of a spouse, loss of a job, change in financial situation, etc.

Please Tell Us About Yourself

USA PATRIOT Act Information (Required by Federal law—See page 1)

Non-resident aliens, also include a completed W -8BEN. (Ask your Broker for this) Please enter the ID number in the relevent box.

Country of Tax Residence (if different than country of citizenship)

 

Please note: You may change your account features and options at any time, with advance written notice to us.

You will have a ―cash account,‖ unless you choose to have a ―margin loan account‖ (customarily known as a ―margin account‖ To help you decide whether a margin loan account is right for you, please read this information, the Margin Loan Agreement and the Margin Disclosure Statement.

In a cash account, you pay for your securities in full by the settlement date of the purchase (generally two business days from the purchase In a margin loan account, we may lend you a portion of the purchase price. This is called buying securities ―on margin.‖ For example, when you buy equity securities (such as common stock) on margin, you typically must deposit at least 50% of the purchase price, and we would loan you the balance. You are liable for repaying the borrowed funds and the interest incurred.

If you borrow funds in your margin loan account and the value of your holdings declines below the firm’s and /or regulatory maintenance margin requirement, you may be subject to a ―margin call.‖ This means that we can either (1) require you to deposit additional cash or margin-eligible securities to your account immediately, or (2) sell any of the securities in your account to cover any shortfall, without informing you in advance. We will decide which of your securities to sell. Even if we notify you that you have a certain number of days to cover the shortfall, we may still sell your securities before that timeframe expires. Further, we may increase at any time the level of equity that you must maintain in your margin account without triggering a margin call.

We have the right to lend shares held in your margin loan account to others. This should not impede your ability to sell thes e shares, but may cause you to lose voting rights and the right to preferred tax treatment on certain dividend payments.

[Firms may specify here individual policies on how trades are handled if there are insufficient funds for margin or cash accounts.]

Borrowing funds to buy securities is only appropriate for those investors who can tolerate losing more than the amount of money

deposited in the account. To avoid the use of margin, even in a margin loan account, always pay for your purchases in full by the settlement date of the purchase.

No I do not want the ability to borrow funds in my account, which means I will have a cash account.

Yes I want the ability to borrow funds in my account. I have read the Margin Loan Agreement and the Margin Disclosure Statement and understand my rights and obligations under them.

Note: If you do not check any box above, by default you will have a cash account.

Account Application Form OB05-3

Confirmations and Signatures – Please Read Carefully

By signing (Pressing SUBMIT is accepted as signing) this Application, you affirm that you have received and read this Application and any supplemental documents governing this relationship. You affirm that the information you have provided is accurate and you agree to notify us of any changes in the information provided.