Common use of OPTIONAL ELECTIONS Clause in Contracts

OPTIONAL ELECTIONS. The following provisions, which are set forth in this agreement, need not be entered into to open the Account. Customer agrees that its optional elections are as follows: Signature required for each election ARBITRATION AGREEMENT: (Agreement Paragraph 24) ----------------------------------- CONSENT TO TAKE THE OTHER SIDE OF ORDERS: (Agreement Paragraph 25) X ----------------------------------- AUTHORIZATION TO TRANSFER FUNDS: (Agreement Paragraph 26) X ----------------------------------- ACKNOWLEDGEMENT TO SUBORDINATION AGREEMENT (Agreement Paragraph 27) X ----------------------------------- (Required for accounts holding non-U.S. currency) -------------------------------------------------------------------------------- HEDGE ELECTION Customer confirms that all transactions in the Account will represent bona fide hedging transactions, as defined by the Commodity Futures Trading Commission, unless DWR is notified otherwise not later than the time an order is placed for the Account [check box if applicable]: / / Pursuant to CFTC Regulation 190.06(d), Customer specifies and agrees, with respect to hedging transactions in the Account, that in the unlikely event of DWR's bankruptcy, it prefers that the bankruptcy trustee [check appropriate box]:

OPTIONAL ELECTIONS. The following provisions, which are set forth in this agreement, need not be entered into to open the Account. Customer agrees that its optional elections are as follows: Signature required for each election SIGNATURE REQUIRED FOR EACH ELECTION ARBITRATION AGREEMENT: (Agreement Paragraph 24) ----------------------------------- ---------------------------------- CONSENT TO TAKE THE OTHER SIDE OF ORDERS: (Agreement Paragraph 25) X ----------------------------------- /s/ XXXX X. XXXXXX ---------------------------------- AUTHORIZATION TO TRANSFER FUNDS: (Agreement Paragraph 26) X ----------------------------------- ---------------------------------- ACKNOWLEDGEMENT TO SUBORDINATION AGREEMENT (Agreement Paragraph 27) X ----------------------------------- /s/ XXXX X. XXXXXX ---------------------------------- (Required for accounts holding non-U.S. currency) -------------------------------------------------------------------------------- HEDGE ELECTION Customer confirms that all transactions in the Account will [ ] represent bona fide hedging transactions, as defined by the Commodity Futures Trading Commission, unless DWR is notified otherwise not later than the time an order is placed for the Account [check box if applicable]: / / Pursuant to CFTC Regulation 190.06(d), Customer specifies and agrees, with respect to hedging transactions in the Account, that in the unlikely event of DWR's bankruptcy, it prefers that the bankruptcy trustee [check appropriate box]:

OPTIONAL ELECTIONS. The following provisions, which are set forth in this agreement, need not be entered into to open the Account. Customer agrees that its optional elections are as follows: Signature required for each election ARBITRATION AGREEMENT: (Agreement Paragraph 24) ----------------------------------- ------------------------------------ CONSENT TO TAKE THE OTHER SIDE OF ORDERS: (Agreement Paragraph 25) X ----------------------------------- /s/ Robert E. Murray ------------------------------------ AUTHORIZATION TO TRANSFER FUNDS: (Agreement Paragraph 26) X ----------------------------------- /s/ Robert E. Murray ------------------------------------ ACKNOWLEDGEMENT TO SUBORDINATION AGREEMENT (Agreement Paragraph 27) X /s/ Robert E. Murray ----------------------------------- (Required for accounts holding non-U.S. currency) -------------------------------------------------------------------------------- ================================================================================ HEDGE ELECTION Customer confirms that all transactions in the Account will [_] represent bona fide hedging transactions, as defined by the Commodity Futures Trading Commission, unless DWR is notified otherwise not later than the time an order is placed for the Account [check box if applicable]: / / Pursuant to CFTC Regulation 190.06(d), Customer specifies and agrees, with respect to hedging transactions in the Account, that in the unlikely event of DWR's bankruptcy, it prefers that the bankruptcy trustee [check appropriate box]:

OPTIONAL ELECTIONS. The following provisions, which are set forth in this agreement, need not be entered into to open the Account. Customer agrees that its optional elections are as follows: Signature required for each election ARBITRATION AGREEMENT: (Agreement Paragraph 24) ----------------------------------- -------------------------------- CONSENT TO TAKE THE OTHER SIDE OF ORDERS: (Agreement Paragraph 25) X ----------------------------------- /s/ Xxxx X. Xxxxxx -------------------------------- AUTHORIZATION TO TRANSFER FUNDS: (Agreement Paragraph 26) X ----------------------------------- -------------------------------- ACKNOWLEDGEMENT TO SUBORDINATION AGREEMENT (Agreement Paragraph 27) X ----------------------------------- /s/ Xxxx X. Xxxxxx -------------------------------- (Required for accounts holding non-U.S. currency) -------------------------------------------------------------------------------- HEDGE ELECTION Customer confirms that all transactions in the Account will [ ] represent bona fide hedging transactions, as defined by the Commodity Futures Trading Commission, unless DWR is notified otherwise not later than the time an order is placed for the Account [check box if applicable]: / / Pursuant to CFTC Regulation 190.06(d), Customer specifies and agrees, with respect to hedging transactions in the Account, that in the unlikely event of DWR's bankruptcy, it prefers that the bankruptcy trustee [check appropriate box]:

OPTIONAL ELECTIONS. The following provisions, which are set forth in this agreement, need not be entered into to open the Account. Customer agrees that its optional elections are as follows: Signature required for each election SIGNATURE REQUIRED FOR EACH ELECTION ARBITRATION AGREEMENT: (Agreement Paragraph 24) ----------------------------------- CONSENT TO TAKE THE OTHER SIDE OF ORDERS: (Agreement Paragraph 25) X /s/ Xxxx X. Xxxxxx ----------------------------------- AUTHORIZATION TO TRANSFER FUNDS: (Agreement Paragraph 26) X ----------------------------------- ACKNOWLEDGEMENT TO SUBORDINATION AGREEMENT (Agreement Paragraph 27) X /s/ Xxxx X. Xxxxxx ----------------------------------- (Required for accounts holding non-non- U.S. currency) -------------------------------------------------------------------------------- HEDGE ELECTION Customer confirms that all transactions in the Account will [ ] represent bona fide hedging transactions, as defined by the Commodity Futures Trading Commission, unless DWR is notified otherwise not later than the time an order is placed for the Account [check box if applicable]: / / Pursuant to CFTC Regulation 190.06(d), Customer specifies and agrees, with respect to hedging transactions in the Account, that in the unlikely event of DWR's bankruptcy, it prefers that the bankruptcy trustee [check appropriate box]: