National Commodities Corp. Inc., and its agents and assigns (collectively referred to as 'NCCI'), agree to accept and maintain for the undersigned (Customer) (whether designated by name, number or otherwise) one or more accounts and to act as broker or as dealer for the Customer for the execution and clearance of orders for commodities, contracts for the future delivery of commodities, and option to purchase or sell commodities or contracts for the future delivery of commodities (collectively referred to as "Commodity Contracts"), and in consideration thereof, Customer agrees to the following:

1. TRADING AUTHORIZATION. National Commodities Corp., Inc. is authorized to purchase and sell Commodity Contracts for Customer's accounts (i.e., accounts opened on Customer's behalf, Customer's proprietary accounts carried by National Commodities Corp., Inc., accounts which Customer guarantees in which 10% or greater beneficial interest, and accounts for which Customer is jointly responsible) in accordance with Customer's oral or written instructions and subject to the terms of this Agreement and all related agreements. National Commodities Corp., Inc. is also authorized, in its discretion, to employ clearing members and floor brokers as Customer's agents in connection with the execution, carrying, clearance, delivery and settlement of any such purchases and sales of Commodity Contracts.

2. APPLICABLE RULES AND REGULATIONS. All orders entered for the purchase or sale of Commodity Contracts and all transactions in Commodity Contracts executed for Customer's accounts shall be subject to the constitution, by-laws, rules, regulations, customs and usages (collectively "rules") of the exchange or market, and its clearing house, if any, where such orders are directed or such transactions are executed and to the provisions of all applicable federal and state laws and to the rules and regulations promulgated thereunder (collectively "laws"). Whenever any rule or law shall be enacted, prescribed or promulgated which shall affect in any manner or be inconsistent with any of the provisions hereof, the provisions of this Agreement so affected shall be deemed modified or superseded, as the case may be, by such rule or law, and all other provisions of this Agreement and the provisions as modified or superseded, shall in all respects remain in full force and effect. With regard to options transactions, Customer understands that the exchanges, boards of trade, markets and clearing houses have established exercise cut-off times for the tender of exercise instructions and that Customer's options will become worthless in the event that Customer does not deliver instructions by such expiration times. Customer further understands that National Commodities Corp., Inc. also has established exercise cut-off times which may be different from the times established by the exchanges, boards of trade, markets and clearing houses. Customer hereby agrees to waive any and all claims for damage or loss that Customer might have against National Commodities Corp., Inc. arising out of the fact that an option was not exercised. National Commodities Corp., Inc.'s violation of any rule or law shall not provide Customer in any legal, reparations, arbitration or other proceeding with (a) a defense to a claim by National Commodities Corp., Inc. for money or other property due under this Agreement or (b) a basis for a claim by Customer that money or other property is due from National Commodities Corp., Inc., unless such violation is the direct cause of Customer's claimed indebtedness to National Commodities Corp., Inc. or National Commodities Corp., Inc.'s claimed indebtedness to Customer.

3. CHARGES PAYABLE BY CUSTOMER. Customer shall be charged commissions and service and interest charges In accordance with National Commodities Corp., Inc.'s customary charges in effect from time to time. All payments required to be made by Customer, Including all margin deposits, shall be made by wire transfer only to the account of National Commodities Corp., Inc., Customer Segregated Account number 2090002717419 at First Union National Bank of Florida, Jacksonville, Florida, or by other suitable means, if approved by an officer of National Commodities Corp., Inc.. All variations from the standard commission rates as announced from time to time by National Commodities Corp., Inc. must be confirmed in writing by an officer of National Commodities Corp., Inc.

4. RISK OF LOSS. All transactions effected for Customer's accounts and all fluctuations in the market prices of the Commodity Contracts carried in Customer's accounts are at Customer's risk, and Customer shall be solely liable therefore under all circumstances. Customer represents and warrants that Customer is willing and financially able to sustain such losses, and that the trading of Commodity Contracts is a suitable investment vehicle for Customer. National Commodities Corp., Inc. is not responsible for the obligations of the persons with whom, Customer's transactions are effected, nor is National Commodities Corp., Inc. responsible for delays in the communications facilities or other causes beyond National Commodities Corp., Inc.'s reasonable control or anticipation. Customer understands that National Commodities Corp., Inc. randomly assigns exercise notices to customers, that all short option positions are subject to assignment at any time, including positions established on the same day that exercises are assigned, and that exercise assignment notices are allocated randomly from among all customers' short option positions which are subject to exercise. In the event Customer directs National Commodities Corp., Inc. to sell any security, Commodity Contract or other property and National Commodities Corp., Inc. is unable to deliver such security, Commodity Contract or other property to a purchaser because Customer fails to deliver to National Commodities Corp., Inc. therewith, Customer authorizes National Commodities Corp., Inc. to borrow or purchase any security, Commodity Contract or property necessary/to make such delivery and Customer shall guarantee and hold National Commodities Corp., Inc. harmless against any loss it may sustain thereby.

5. TRADING RECOMMENDATIONS. Customer acknowledges that market information provided by National Commodities Corp., Inc. may be based upon information which is incomplete and unverified and National Commodities Corp., Inc. makes no representation, warranty or guarantee as to the accuracy of any such information. Customer understands that National Commodities Corp., Inc. shall furnish Customer with no advice or recommendations regarding Customer's transactions or the tax consequences of those transactions. Further, Customer acknowledges that information provided to Customer at any given time may be different from information provided to other customers of National Commodities Corp., Inc. due to individual analysis of fundamental and technical factors by different personnel associated with National Commodities Corp., Inc. and that such information may not be consistent with investments of National Commodities Corp., Inc., any of its subsidiaries, officers, directors, employees and agents.

6. INDEMNIFICATION. Customer acknowledges that National Commodities Corp., Inc. is financially liable to the exchange clearing houses of which National Commodities Corp., Inc. is a member and the clearing members through which National Commodities Corp., Inc. clears transactions for maintenance margins and deficit balances occurring in Customer's accounts, making National Commodities Corp., Inc., in effect, the guarantor of Customer's financial obligations. Customer shall indemnity and hold harmless National Commodities Corp., Inc., its successors, assigns and agents from and against all losses, damages and expenses (including reasonable attorney's fees) arising out of, or directly or indirectly resulting from, (a) any order entered or transaction effected for, or Commodities Contracts carried in, Customer's accounts including such orders entered, or transactions effected, by Customer's authorized representative subsequent to Customer's death or incapacity, (b) any false or misleading statement or representation made by Customer or by any authorized representative of Customer or (c) any act or omission by Customer or Customer's authorized representative with respect to Customer's accounts, including but not limited to any deficit balances therein.

7. RECORDING. Customer has been informed that all conversations regarding Customer's accounts, orders and Commodity Contracts between Customer and National Commodities Corp., Inc. may be recorded by National Commodities Corp., Inc. and Customer irrevocably consents to such recordings and to National Commodities