Common use of No Recommendations Clause in Contracts

No Recommendations. I understand that the Alpaca Agreement is not a recommendation to make a specific investment or use any specific investment strategy. Alpaca provides no investment, legal or tax advice. An Alpaca account is not necessarily suitable for everyone. I agree to examine my investment objectives, financial resources and risk tolerance to determine whether the Alpaca account meets my investment needs. By using a margin account, as applicable, I acknowledge that I am subject to all other terms and conditions provided in this Agreement, NASDAQ OMX Global Subscriber Agreement (if applicable), AGREEMENT FOR MARKET DATA DISPLAY SERVICES (if applicable), Alpaca Use and Risk Disclosures, Alpaca PFOF Disclosure, Alpaca Privacy Notice, Alpaca Extended Hours Trading Risk Disclosure, and Alpaca Business Continuity Plan Summary, Alpaca Margin Disclosure Statement (if applicable), which are incorporated by reference and constitute part of this Agreement. You also acknowledge that the Agreement contains a pre-dispute arbitration clause in Section 43 of this Agreement. BY ELECTRONICALLY SIGNING BELOW, I AGREE TO THIS AGREEMENT. DATE: ACCEPTED BY ALPACA SECURITIES LLC DATE: Appendix A: Margin Account and Trading. Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. I understand that My Account with You will constitute a margin account and that by entering into this Agreement, I agree to each of the terms and provisions of this appendix.

No Recommendations. I understand that the Alpaca Agreement is not a recommendation to make a specific investment or use any specific investment strategy. Alpaca provides no investment, legal or tax advice. An Alpaca account is not necessarily suitable for everyone. I agree to examine my investment objectives, financial resources and risk tolerance to determine whether the Alpaca account meets my investment needs. By using a margin account, as applicable, I acknowledge that I am subject to all other terms and conditions provided in this Agreement, NASDAQ OMX Global Subscriber Agreement (if applicable), AGREEMENT FOR MARKET DATA DISPLAY SERVICES (if applicable), Alpaca Use and Risk Disclosures, Alpaca PFOF Disclosure, Alpaca Privacy Notice, Alpaca Extended Hours Trading Risk Disclosure, and Alpaca Business Continuity Plan Summary, Alpaca Margin Disclosure Statement (if applicable), which are incorporated by reference and constitute part of this Agreement. You I also acknowledge that the Agreement contains a pre-dispute arbitration clause in Section 43 42 of this Agreement. BY ELECTRONICALLY SIGNING BELOW, I AGREE TO THIS AGREEMENT. DATE: ACCEPTED BY ALPACA SECURITIES LLC DATE: Appendix A: Margin Account and Trading. Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. I understand that My Account with You will constitute a margin account and that by entering into this Agreement, I agree to each of the terms and provisions of this appendix.

No Recommendations. I understand that the Alpaca this Margin Agreement is not a recommendation to make a specific investment or use any specific investment strategy. Alpaca provides no investment, legal or tax advice. An Alpaca account is not necessarily suitable for everyone. I agree to examine my investment objectives, financial resources and risk tolerance to determine whether the Alpaca account meets my investment needs. By using a margin account, as applicable, I acknowledge that I am remain subject to all other terms and conditions provided in this the Alpaca Customer Agreement, ETC Margin Account Agreement, NASDAQ OMX Global Subscriber Agreement (if applicable), AGREEMENT FOR MARKET DATA DISPLAY SERVICES (if applicable), Alpaca Use and Risk Disclosures, Alpaca PFOF Disclosure, Alpaca Privacy Notice, Alpaca Extended Hours Trading Risk Disclosure, and Alpaca Business Continuity Plan Summary, Alpaca Margin Disclosure Statement (if applicable), which are incorporated by reference and constitute part of this Account Application Agreement. By signing electronically below, I: [1] acknowledge that I have read this Account Agreement and all incorporated disclosures, terms and agreements carefully, and retained copies for my records; [2] authorize Alpaca to accept instructions to allow for trading no more than the amount held in my Alpaca Account; and [3] agree to open my Alpaca account under all of the aforementioned terms and conditions. You also acknowledge that the Customer Agreement and the ETC Margin Account Agreement contains a pre-dispute arbitration clause in Section 43 of this Agreement. BY ELECTRONICALLY SIGNING BELOWsection 36 and in sections 8 and 9, I AGREE TO THIS AGREEMENT. DATE: ACCEPTED BY ALPACA SECURITIES LLC DATE: Appendix A: Margin Account and Trading. Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. I understand that My Account with You will constitute a margin account and that by entering into this Agreement, I agree to each of the terms and provisions of this appendixrespectively.

No Recommendations. I understand that the Alpaca this Margin Agreement is not a recommendation to make a specific investment or use any specific investment strategy. Alpaca provides no investment, legal or tax advice. An Alpaca account is not necessarily suitable for everyone. I agree to examine my investment objectives, financial resources and risk tolerance to determine whether the Alpaca account meets my investment needs. By using a margin account, as applicable, I acknowledge that I am remain subject to all other terms and conditions provided in this the Alpaca Customer Agreement, ET C Margin Account Agreement, NASDAQ OMX Global Subscriber Agreement (if applicable)Agreement, AGREEMENT FOR MARKET DATA DISPLAY SERVICES (if applicable)SERVICES, Alpaca Use and Risk Disclosures, Alpaca PFOF Disclosure, Alpaca Privacy Notice, Alpaca Extended Hours Trading Risk Disclosure, and Alpaca Business Continuity Plan Summary, Alpaca Margin Disclosure Statement (if applicable), which are incorporated by reference and constitute part of this Account Application Agreement. By signing electronically below, I: [1] acknowledge that I have read this Account Agreement and all incorporated disclosures, terms and agreements carefully, and retained copies for my records; [2] authorize Alpaca to accept instructions to allow for trading no more than the amount held in my Alpaca Account; and [3] agree to open my Alpaca account under all of the aforementioned terms and conditions. You also acknowledge that the Customer Agreement and the ETC Margin Account Agreement contains a pre-dispute arbitration clause in Section 43 of this Agreementsection 28 and in sections 8 and 9, respectively. BY ELECTRONICALLY SIGNING BELOW, I AGREE TO THIS APPLICATION AGREEMENT. DATE: ACCEPTED BY ALPACA SECURITIES LLC DATE: Appendix A: Margin Account and Trading. Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. I understand that My Account with You will constitute a margin account and that by entering into this Agreement, I agree to each of the terms and provisions of this appendix.