Option Agreement and Approval - LPL Financial

OAOption Agreement and Disclosure Document (continued)16. Arbitration of Disputes – DisclosuresThis agreement contains a predispute arbitration clause. By signing an arbitration agreement the parties agree as follows:(A) All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by therules of the arbitration forum in which a claim is filed.(B) Arbitration awards are generally final and binding; a party’s ability to have a court reverse or modify an arbitration award is very limited.(C) The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in courtproceedings.(D) The arbitrators do not have to explain the reason(s) for their award.(E) The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.(F) The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible forarbitration may be brought in court.(G) The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement.Client agrees that any controversy between Client and LPL arising out of or relating to Client’s account, transactions with or for Client, or the construction,performance, or breach of this agreement whether entered into prior, on or subsequent to the date hereof, will be settled by arbitration in accordancewith the rules, then existing of FINRA. Any arbitration award hereunder will be final, and judgement upon the award rendered may be entered in any court,state or federal, having jurisdiction. Client understands that Client cannot be required to arbitrate any dispute or controversy nonarbitrable under federallaw.No person will bring a putative or certified class action to arbitration, nor seek to enforce any pre-dispute arbitration agreement against any person whohas initiated in court a putative class action; or who is a member of a putative class who has opted out of the class with respect to any claims encompassedby the putative class action until: (i) the class certification is denied; or (ii) the class is decertified; or (iii) the client is excluded from the class by the court.Such forbearance to enforce an agreement to arbitrate will not constitute a waiver of any rights under this agreement except to the extent stated herein.Signature and AgreementBy signing this agreement, the undersigned ("Client(s)") hereby warrants and represents that he/she is the source of the above information and that theinformation is true and correct. Client(s) have read, understood, and agrees to conditions in the Option Agreement and Disclosure Document("Agreement") set forth on page 4 and 5 of this document. This Agreement contains a pre-dispute arbitration clause on page 5 in paragraph 16. Iacknowledge receiving this Agreement and the document entitled "Characteristics and Risks of Standardized Options as referenced paragraph 13of the Agreement.It is expected that you read the Characteristics and Risks of Standardized Options booklet supplement(s), which can be found at http://www.optionsclearing.com/about/publications/character-risks.jsp. In particular, please direct your attention to the chapter entitled Principal Risks of OptionsPositions.I agree not to enter into any options transactions until I have received, read, and understood the disclosure document entitled Characteristics and Risks ofStandardized and supplement(s), which can be found at http://lplfinancial/lpl.com/tradedirect/resources.htm. I am aware of the special risks and obligationsof options trading. I have read, understood, and agree to be bound by the LPL Financial Securities options trading terms and conditions outline in theOptions Agreement and Approval Disclosures. I also agree that I am bound by it as it is currently in effect and as it is amended from time to time.Client Signature Client Name (print) DateClient Signature Client Name (print) DateFor LPL Home Office Use OnlyAccepted by LPL Financial LLC Approval Level DateMember FINRA/SIPCF6-CTD-1211Page 4 of 4