Only residents of the following states may open accounts with CBC:
AZ,CA,CT,DC,DE,FL,GA, IL, IN, MA, MD, ME, MI,MO, NC, NJ, NY, OH, OR, PA, RI, TN, TX, WA, MS

Electronic Trading Disclosure & Agreement
Electronic trading is defined as trading via computer and you agree that you are the exclusive owner and solely responsible, jointly and severally, for the confidentiality and protection of the password, and account number that allows you access to Cumberland Brokerage Corporation (CBC) electronic trading. You agree to monitor your account and immediately notify CBC of any loss, theft, the unauthorized use of your password, or account number. You agree to immediately notify CBC of any failure to received confirmation of a trade. In the event that CBC is unable to enter orders or execute orders due to the failure of systems or equipment, you agree to hold CBC harmless for any actual or perceived losses. All financial data, or investment research accessible from any CBC trading venue is provided by third party vendors and CBC does not guarantee the accuracy, timeliness or reliability of this information. Any information concerning a particular security should not be considered a recommendation or suitable for all investors. There is no warranty of any kind express or implied regarding this information or your access to it. You agree and give your consent for CBC to provide you with electronic delivery of confirmations, statements and other notices. Such documents will provide the same essential information as a hardcopy version. You understand that it is your responsibility to review upon receipt e-mails, confirmations, statements, notices, margin and maintenance calls whether delivered by mail or electronically. CBC reserves the right to terminate your access to electronic trading at our sole discretion, without notice for any reason. You agree to promptly notify CBC of any change to your e-mail address. All other terms and conditions of CBC Brokerage Account Agreement are incorporated herein.

You agree as follows:
• That "Data Disseminators" (e.g. New York Stock Exchange, NASDAQ, the Options Price Reporting Authority, its processor and each of its constituent exchanges (CBOE, American Stock Exchange, Inc., New York Stock Exchange, Inc., Pacific Stock Exchange, Inc., and Philadelphia Stock Exchange, Inc.) that make "Market Data" (e.g. last sale prices, bids, offers, or any other information provided) available, own the proprietary rights to all Market Data they supply .
• That neither CBC nor any Data Disseminator guarantees the timeliness, sequence, accuracy or completeness of any Market Data.
• That the Data Disseminators or CBC shall not be liable to you or to any other person for any losses or damage arising from inaccuracies, errors, omissions, delays, interruptions, or nonperformance whether or not due to any negligent act or omission of any Data Disseminator or CBC. In no event shall any Data Disseminator or CBC be liable for any incidental, special, indirect or consequential damages, including but not limited to lost profits, trading losses, or damages resulting from inconveniences or loss of use of the Service.
• Neither Data Disseminator nor CBC may be held liable for any discontinuance in the provision of Market Data or for any change in the manner of distribution for any reason.
• That Market Data is made available for your own personal use and you are prohibited from furnishing it to any other person or entity.
• That CBC or Data Disseminator may terminate your receipt of Market Data at any time.
• That this agreement is for the express benefit of CBC and the Data Disseminators and, accordingly, the Data Disseminators as third party beneficiaries hereof are entitled to enforce this agreement by legal proceeding or otherwise against you or any person that gains access to or uses Market Data other than as this Agreement contemplates. You shall pay the reasonable attorney's fees that any Data Disseminator may incur in so enforcing this agreement.

Exchange Data And Information
"Information providers" for securities quotations on this Service include various securities markets such as New York Stock Exchange, American Stock Exchange, NASDAQ Stock Market, Inc. and other exchanges, their affiliates, agents and others. By using this service, you agree that (I) market quotes and other information received from information providers are solely for their own personal use; (II) you shall not retransmit or otherwise furnish market data to any other person; (III) you acknowledge that the data is and shall remain the property of the respective information providers or of the market on which a reported transaction took place or a reported quotation was entered; and (IV) you acknowledge that the information providers are third party beneficiaries under these provisions and may enforce these provisions against you.

Trading Polices and Procedures
• For IRA accounts, assets must be in an IRA prior to placing traders CBC reserves the right to reject any orders in IRA accounts where CBC Securities feels the possibility exists that the trade amount will exceed available cash.
• Option trading is subject to prior approval by a CBC Options Principal. An Option Application is required before approval can be given. Once the Option Application is received, it takes approximately five business days for approval. The type of option trading permitted for a customer account will be determined based on the client's investment objective, strategies and experience. Option orders require adequate cash (or for covered call writing, shares) in the account at the time of the trade to meet the minimum cash requirements of CBC Securities. CBC Securities reserves the right to reject any orders for option trades where CBC Securities feels the possibility exists that the trade amount will exceed available cash. Please refer to you Option Account Agreement for more details. CBC Securities also reserve the right to reject any out of level transactions or transactions which would result in an out of level position.
• Margin trading is subject to prior approval by CBC Securities. A Margin Agreement is required before approval is given.
• Initial trades in new accounts that have no equity or cash positions are subject to a minimum deposit of $5,000.00.
• Orders for stocks require either equivalent balance or sufficient cover the trade, unless prior permission for regular settlement is received by CBC.
• Securities must be held in the account in deliverable condition before a sale can be placed.
• Any orders not entered directly via the internet (i.e., exercise of options) will be subject to our regular commission schedule.
• Market or day orders entered near to close of trading may not be sent to the appropriate exchange for execution in time allow for execution. Those orders not transmitted to the exchange by the market lose must be reentered by the client.
• CBC Securities must receive payment for purchases by settlement non-IRA accounts. Checks must be made payable to Computer Clearing Services and sent to 801 N. Brand Blvd., Suite 1020, Glendale, CA 91203
• A client may use proceeds of a sale to pay for a buy only if the sell order is executed and settled before the purchases settles.
• Short sales are not permitted.
• Only regular way settlement is permitted.
• Stocks listed on foreign exchanges (non-ADRS) and bulletin board issues cannot be traded over the Internet
• Orders of $50,000 or more in principal (market) value without sufficient cash to cover the transaction you must call for prior approval or trade will be rejected.

Good Till Canceled (GTC) Orders
• The principal/market amount of the trade must equal $1/32 or more.
• Limit price must be within 20% of the current market price.
• No orders may be taken on stocks valued at less than $1.00 per share.
• Open orders will be canceled after ____ days, if they have not been executed. CBC Securities will not notify the customer beforehand if the cancellation of any G.T.C. order entered via the Internet
• If these qualifications are not met, the trade will be rejected. The client must reenter the trade as a day order only, and it must be reentered by the client the next day is not filled.
• No stop Orders on NASDAQ.

Mutual Funds
• Trades involving no-load may be charged a transaction fee.
• Trades that result in an insufficient credit balance to cover the transaction fee will be rejected.
• Trades involving rights of accumulation or letters of Internet must be placed by a phone call directly with a trader. The client must notify the trader of the agreement.
• For mutual fund trades where the client is entitled to a purchase or sale at net asset value, the client must place the trade by phone and notify the trader of this right at the time of the trade.
• Redemptions from Class B shares will be processed, including any contingent-deferred sales charges the fund may levy.
These rules can be amended without prior notice.

Disclaimer of Warranties and Liability
The data and information accessible on this Service is provided "AS IS" and there may be delays, omissions or inaccuracies in such information and data. This Service, its affiliates, agents, information providers, and licensor cannot and do not guarantee the accuracy, sequence, timelines, merchantability or fitness for a particular purpose of the information or data made available through the Service or by any force majeure or any other cause beyond their reasonable control. Neither this Service nor any of its affiliates, agents, information providers, or licensor shall be liable to you or anyone else for any loss or injury caused in whole or in part by its negligence or omission in procuring, compiling, interpreting, editing, writing, reporting, or delivering any information or data through this Service. In no event will this Service, its affiliates, agents, information providers, or licensor be liable to you or anyone else for any decision made or action taken by you in reliance upon such information or data or for any consequential, special or similar damages, including but not limited to lost profits, trading losses., damages resulting from inconvenience, or loss of use of the service, even is advised of the possibility of such damages.

Customer Agreement
1. I (the account holder) will use the Internet trading site in accordance with this Agreement, and any additional future services will be used only in accordance with this Agreement. I acknowledge that CBC Securities Inc., in providing me with the Internet trading site, has relied upon my representation to be bound by the terms of this Agreement.
2. I will be only authorized user of this Agreement, and I will be responsible for the confidentiality and use of my user identification name and password information.
3. I understand that, is there is a restriction on my account(s) with you, I will not be able to use the Internet trading site. Furthermore, CBC Securities reserves the right in its sole discretion to request a cash or equity deposit prior to the execution of any transaction through the Internet trading site.
4. I agree to pay all subscription, service and use fees, if any, which are charged by you in connection with the Internet trading site, and agree that such fees may be changed without notice. I agree to pay all federal, state, and local taxes applicable to my use or the Internet trading site or the receipt of any services in connect therewith, I hereby grant CBC Securities a continuing security interest in the assets in Securities account(s), timely payment of all fees owed by me in connection with the Internet trading site of any other amounts owing under this Agreement.
5. I agree that CBC Securities may modify its Internet trading site or change the terms of this agreement of the Commission Schedule, in whole or in part.
6. All price and security information on the CBC Securities Internet trading site is believed to be reliable; however, because of the volume of information, and the frequency with which it changes, the information can only be provided on best efforts basis for the convenience of the user, and CBC Securities shall not be liable for any investment decisions made using the information provided.
7. I agree to indemnify and hold CBC Securities harmless from and against any and all claims, losses, liability costs and expenses (including but not limited to attorney's fees) arising from my violation of this Agreement or of any third party's rights. Including but not limited to copyright, proprietary, and privacy rights. This indemnification and hold harmless obligations will survive the termination of this Agreement.
8. CBC Securities reserves the right to terminate my access to its Internet trading site or to any portion of it, in its sole discretion, without notice and without limitations, for any reason whatsoever, including but not limited to the unauthorized use of you access number(s), password(s) and/or account number(s), or breach of this Agreement.

NASD
www.NASD.com