Gentlemen:

At such time as I may notify National Commodities Corp. Inc. (NCCI) that I intend to submit a claim to arbitrations, or at such time as I am notified by National Commodities Corp. Inc., my Introducing Broker, or my Commodity Trading Advisor of its intent to submit a claim to arbitration, any controversy arising out of or relating to my account, transactions executed with or by National Commodities Corp. Inc., my Introducing Broker, or my Commodity Trading Advisor or their agents, the Customer Agreement, or any ancillary document signed by me may be settled by arbitration in accordance with the rules, then in effect of the qualified forum which I shall select from a list of organizations which conduct arbitration to be supplied by National Commodities Corp. Inc. pursuant to Regulation Section 180.3(b)(4) of the Commodity Futures Trading Commission. National Commodities Corp. Inc. shall pay any incremental fees which may be assessed by a qualified forum for the provision of a mixed arbitration panel. Judgement upon any award rendered by the arbitrators may be entered in any court having jurisdiction thereof.

THREE FORUMS EXIST FOR THE RESOLUTION OF COMMODITY DISPUTES: CIVIL COURT LITIGATION, REPARATIONS AT THE COMMODITY FUTURES TRADING COMMISSION (CFTC) AND ARBITRATION CONDUCTED BY A SELF REGULATORY OR OTHER PRIVATE ORGANIZATION.

THE CFTC RECOGNIZES THAT THE OPPORTUNITY TO SETTLE DISPUTES BY ARBITRATION MAY IN SOME CASES PROVIDE MANY BENEFITS TO CUSTOMERS INCLUDING THE ABILITY TO OBTAIN AN EXPEDITIOUS AND FINAL RESOLUTION OF DISPUTES WITHOUT INCURRING SUBSTANTIAL COSTS. THE CFTC REQUIRES, HOWEVER, THAT EACH CUSTOMER INDIVIDUALLY EXAMINE THE RELATIVE MERITS OF ARBITRATION AND THAT YOUR CONSENT TO THIS ARBITRATION AGREEMENT BE VOLUNTARY.

BY SIGNING THIS AGREEMENT, YOU: (1) MAY BE WAIVING YOUR RIGHT TO SUE IN A COURT OF LAW; AND (2) ARE AGREEING TO BE BOUND BY ARBITRATION OF ANY CLAIMS OR COUNTERCLAIMS WHICH YOU, NATIONAL COMMODITIES CORP., INC., YOUR INTRODUCING BROKER OR COMMODITY TRADING ADVISOR MAY SUBMIT TO ARBITRATION UNDER THIS AGREEMENT. YOU ARE NOT, HOWEVER, WAIVING YOUR RIGHT TO ELECT INSTEAD TO PETITION THE CFTC TO INSTITUTE REPARATIONS PROCEEDINGS UNDER SECTION 14 OF THE COMMODITY EXCHANGE ACT WITH RESPECT TO ANY DISPUTE WHICH MAY BE ARBITRATED PURSUANT TO THIS AGREEMENT. IN THE EVENT A DISPUTE ARISES, YOU WILL BE NOTIFIED IF NATIONAL COMMODITIES CORP., INC. INTENDS TO SUBMIT THE DISPUTE TO ARBITRATION. IF YOU BELIEVE A VIOLATION OF THE COMMODITY EXCHANGE ACT IS INVOLVED AND IF YOU PREFER TO REQUEST A SECTION 14 "REPARATIONS" PROCEEDING BEFORE THE CFTC, YOU WILL HAVE 45 DAYS FROM THE DATE OF SUCH NOTICE IN WHICH TO MAKE THAT ELECTION.

YOU NEED NOT SIGN THIS AGREEMENT TO OPEN AN ACCOUNT WITH National Commodities Corp. Inc., SEE 17 CFR 180.1-180.5.

If I seek reparations under Section 14 of the Commodity Exchange Act (Act) and the CFTC declines to institute reparations proceedings, I understand that the claim or grievance shall be subject to this Arbitration Agreement. Aspects of any claims or grievances that are not subject to the reparations procedure provided in the Act may be required to be submitted to the arbitration procedure set forth in this Arbitration Agreement.

Name of Account: