Common use of Speculation Clause in Contracts

Speculation. An investment objective of Speculation indicates you seek a significant increase in the principal value of your investments and are willing to accept a corresponding greater degree of risk by investing in securities that have historically demonstrated a high degree of risk of loss of principal value to pursue this objective. Some examples of typical investments might include lower quality, long-term fixed income products, initial public offerings, volatile or low priced common stocks, the purchase of sale of put or call options, spreads, straddles and/or combinations on equities or indexes, and the use of short- term or day trading strategies. Other: Please specify. Memorandum Wire Transfer Authorization TO: Txxxxxx X. Xxxxxxxx Aegis Capital Corp. RE: Client Wire Transfer Authorization CXXXXX PHARMACEUTICALS HOLDINGS, INC. DATE: ____________________________________________________________________________ This memorandum authorizes the transfer of the following listed funds from my Aegis Capital Brokerage Account as follows: Aegis Capital Brokerage Account # Wire Amount $_____________________ Bank: Signature Bank Acct. Name: Signature Bank as Escrow Agent for Cxxxxx Pharmaceuticals Holdings, Inc. 200 Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 ABA Number: 000000000 A/C Number: 1502241229 REFERENCE: PURCHASER LEGAL NAME TAX ID NUMBER PURCHASER ADDRESS FBO: Investment Title: Signature: Signature: (Joint Signature)

Speculation. An investment objective of Speculation indicates you seek a significant increase in the principal value of your investments and are willing to accept a corresponding greater degree of risk by investing in securities that have historically demonstrated a high degree of risk of loss of principal value to pursue this objective. Some examples of typical investments might include lower quality, long-term fixed income products, initial public offerings, volatile or low priced common stocks, the purchase of sale of put or call options, spreads, straddles and/or combinations on equities or indexes, and the use of short- term or day trading strategies. Other: Please specify. Memorandum Wire Transfer Authorization TO: Txxxxxx X. Xxxxxxxx Aegis Capital Corp. RE: Client Wire Transfer Authorization CXXXXX PHARMACEUTICALS HOLDINGS, INC. DATE: ____________________________________________________________________________ This memorandum authorizes the transfer of the following listed funds from my Aegis Capital Brokerage Account as follows: Aegis Capital Brokerage Account # Wire Amount $_____________________ Bank: Signature Bank Acct. Name: Signature Bank as Escrow Agent for Cxxxxx Pharmaceuticals Holdings, Inc. 200 Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 ABA Number: 000000000 A/C Number: 1502241229 REFERENCE: PURCHASER LEGAL NAME TAX ID NUMBER PURCHASER ADDRESS FBO: Investment Title: Signature: Signature: (Joint Signature)

Speculation. An investment objective of Speculation indicates you seek a significant increase in the principal value of your investments and are willing to accept a corresponding greater degree of risk by investing in securities that have historically demonstrated a high degree of risk of loss of principal value to pursue this objective. Some examples of typical investments might include lower quality, long-term fixed income products, initial public offerings, volatile or low priced common stocks, the purchase of sale of put or call options, spreads, straddles and/or combinations on equities or indexes, and the use of short- short-term or day trading strategies. Other: Please specify. Memorandum Wire Transfer Authorization TO: Txxxxxx X. Xxxxxxxx Aegis Capital Corp. Xxxxx Xxxxx - Operations Manager Xxxxxxx Xxxxx Ventures, Inc. RE: Client Wire Transfer Authorization CXXXXX PHARMACEUTICALS HOLDINGS, INC. InVivo Therapeutics Corporation DATE: ____________________________________________________________________________ This memorandum authorizes the transfer of the following listed funds from my Aegis Capital Xxxxxxx Xxxxx Brokerage Account as follows: Aegis Capital Xxxxxxx Xxxxx Brokerage Account # ______________________ Wire Amount $______________________ BankBANK NAME: Signature Bank Acct. Name: Signature Bank as Escrow Agent for Cxxxxx Pharmaceuticals Holdings, Inc. 200 Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 SIGNATURE BANK ABA NumberNUMBER: 000000000 A/C NAME: SIGNATURE BANK, AS AGENT FOR INVIVO THERAPEUTICS CORPORATION A/C Number: 1502241229 1501508892 REFERENCE: PURCHASER SUBSCRIBER LEGAL NAME TAX ID NUMBER PURCHASER SUBSCRIBER ADDRESS FBO: Investment Title: Signature: Signature: (Joint Signature)

Speculation. An investment objective of Speculation indicates you seek a significant increase in the principal value of your investments and are willing to accept a corresponding greater degree of risk by investing in securities that have historically demonstrated a high degree of risk of loss of principal value to pursue this objective. Some examples of typical investments might include lower quality, long-term fixed income products, initial public offerings, volatile or low priced common stocks, the purchase of sale of put or call options, spreads, straddles and/or combinations on equities or indexes, and the use of short- short-term or day trading strategies. Other: Please specify. Appendix A Memorandum Wire Transfer Authorization TO: Txxxxxx X. Xxxxxxxx Aegis Capital Corp. Xxxxx Xxxxx - Operations Manager Xxxxxxx Xxxxx Ventures, Inc. RE: Client Wire Transfer Authorization CXXXXX PHARMACEUTICALS HOLDINGSWAFERGEN BIO-SYSTEMS, INC. DATE: ____________________________________________________________________________ This memorandum authorizes the transfer of the following listed funds from my Aegis Capital Xxxxxxx Xxxxx Brokerage Account as follows: Aegis Capital Xxxxxxx Xxxxx Brokerage Account # ______________________ Wire Amount $______________________ BankBANK NAME: Signature Bank Acct. Name: Signature Bank as Escrow Agent for Cxxxxx Pharmaceuticals Holdings, Inc. 200 Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 ABA Number: 000000000 A/C Number: 1502241229 REFERENCE: PURCHASER LEGAL NAME TAX ID NUMBER PURCHASER ADDRESS FBO: Investment Title: Signature: Signature: (Joint Signature)SIGNATURE BANK