ELECTRONIC SIGNATURE

Please take a moment to read and acknowledge your understanding and acceptance of the Federal Electronic Signatures In Global and
National Commerce Act (E-Sign)

Under the Federal Electronic Signatures in Global and National Commerce Act, before we may accept your account agreement and
related documents electronically, we must provide you with the following information and you must affirmatively agree and not withdraw
such agreement.

By electronically signing our account agreement and related documents, you acknowledge receipt of the Commodity Futures Trading
Commission’s required risk disclosures and other documents contained as part of our electronic account package and you agree to be
bound by their terms and conditions. In addition, by signing our account agreement and related documents, you are consenting to our
maintaining and your receiving electronic records of your trades and accounts. You may withdraw your consent to such electronic records
by notifying us in writing or by e-mail, at any time, after which you only will receive paper records. However, please be advised that
should you withdraw your consent to receive records electronically and receive paper records of your transactions, you will be charged a
fee.

There are no special hardware or software requirements for access to or retention of your electronic records at this time other than having
access to the internet, and registering for your unique and secure user name and password (to print copies of the records, you may need a
program to read documents in “PDF” format). Should any technological change or upgrade be made that will affect your ability to access
your records and accounts, we will notify you and remind you of (A) your right to withdraw your consent to receive electronic records and
to receive paper records instead, and (B) any fee we may charge you to receive paper records.

By typing my signature below and submitting it to NinjaTrader Clearing, LLC (“NinjaTrader”) by the internet, I acknowledge that I have
read
and understood the foregoing Agreement, that I intend to rely upon it, and that I intend to be bound thereby. I understand and agree that
my electronic signature is the equivalent of a manual signature and that NinjaTrader may rely on it as such. I further agree to
advise NinjaTrader of any change in my electronic (email) address, or of my withdrawal of consent to this agreement and the address
to which paper documents should be mailed.

NinjaTrader

CUSTOMER AGREEMENT

This Customer Agreement (the “Agreement”) sets forth the terms and conditions that NinjaTrader Clearing, LLC (doing business as
NinjaTrader) (“NinjaTrader”), acting as a futures commission merchant (“FCM”), and the undersigned (“Customer”) have agreed
will govern the purchase, sale, execution, clearing and carrying of derivatives products cleared through NinjaTrader, including
futures contracts and options on futures contracts, including foreign futures and options, commodities and commodity options cleared
through one or more derivatives clearing organizations or other organized clearing houses, swaps, foreign exchange, and virtual
currencies,(collectively, “Contracts”) for the account and risk of Customer. The Agreement includes any Annexes and Schedules
incorporated herein and incorporates the representations and other information set forth in such Annexes and Schedules and the Futures
Application (the “Application”) accompanying this Agreement which representations shall be deemed to be repeated at the time of
entering into each

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transaction and/or at the time Customer submits a transaction for clearing. If this Account has been introduced to NinjaTrader, all
references to us in this Agreement shall include your introducing broker, and your introducing broker shall enjoy all benefits and rights
hereunder.

1. Applicable Law.
Each Customer account carried by NinjaTrader in connection with Customer’s Contracts (each an “Account”) and each Contract carried
in the Account shall be subject to: (i) all applicable federal, state, local, foreign and other governmental laws; (ii) the Commodity
Exchange Act, as amended (“CEA”), the rules and interpretations of the Commodity Futures Trading Commission (“CFTC”) and the
National Futures Association (“NFA”); and (iii) all applicable laws and the regulations, rules and orders of all regulatory and self-
regulatory organizations with appropriate jurisdiction, including, but not limited to, the constitution, by-laws, rules, regulations, orders,
adjustments, rulings, resolutions, interpretations and customs and usages of the designated contract market, exchange, board of trade, or
trading facility, system or platform (each, an “Execution Facility”) and clearing organization (“Clearing Organization”) where such
Contract is executed and/or cleared (collectively, “Applicable Law”). NinjaTrader and its respective partners, managing directors,
officers, directors, employees, and affiliates (each a “NinjaTrader Party”, and collectively with NinjaTrader, the “NinjaTrader Parties”)
and agents of the NinjaTrader Parties shall not be liable as a result of any action taken or failed to be taken or any statement made or not
made by such persons in order to comply with Applicable Law.
2. Authorization.
Customer authorizes NinjaTrader to enter into Contracts for Customer’s Account in accordance with written, oral, or electronic
instructions provided by Customer, its representatives, including Customer’s advisor or Account Manager (“Advisor”), if applicable, and
persons NinjaTrader believes in good faith are authorized to act on Customer’s behalf. Customer acknowledges that all Contracts are
being entered into for the account and risk of Customer, that NinjaTrader is acting as agent and not principal in the execution and/or
clearing of Contracts and NinjaTrader is not acting as a fiduciary or advisor with respect to Customer or any Account. Subject to Section
15(a) herein, Customer acknowledges that nothing in this Agreement or otherwise obligates NinjaTrader to accept Contracts for execution
or clearing for Customer’s Account and, to the extent that NinjaTrader accepts such Contracts for execution or clearing, Customer and not
NinjaTrader is responsible and liable for any losses arising from Contracts entered into in Customer’s Account. Customer waives any
claim or defense that any instruction provided on its behalf was not in writing.

3. Customer’s Representations, Warranties and Agreements.

(a)Customer represents, warrants and covenants to NinjaTrader that, at the time of entering into this Agreement and again upon each date
on which a Contract is entered into, and on each date on which any Contract hereunder is outstanding:

(i)Customer has full right, power and authority to enter into and perform its obligations under this Agreement and Contracts, including,
without limitation, the granting of security interests in the Collateral (as defined in Section 13) as contemplated herein, and the execution
and performance of this Agreement does not and will not violate Applicable Law or any constituting document to which Customer is
subject;

(ii) Customer has all necessary licenses and approvals to conduct the business it conducts and it is in compliance with its own policies and
procedures and, if applicable, constituting documents, as well as with all laws and regulations applicable to it with respect to the Contracts
contemplated by this Agreement including without limitation, to the extent such laws and regulations are applicable to it, all laws and
regulations applicable to pension plans, IRA accounts, particular types of governmental entities, particular types of trusts, foundations,
charitable organizations, endowments, hospitals, insurance companies, banks, broker-dealers, commercial or consumer lenders,
investment companies, commodity pools or other forms of collective investment vehicles or managed accounts;

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(iii) Customer is acting as a principal and not as an agent, has been duly authorized to enter into this agreement and that all monies
deposited to the contemplated account were sent with the requisite authority. If Customer is employed in the financial services industry
you agree to provide us with any necessary consents to open this account and that you are in compliance with any registration
requirements regarding commodity pools and commodity trading advisors.

(iv) no consent, authorization, permit or filing, other than those that have been obtained and are in effect, is required for the execution and
performance of this Agreement and the Contracts by Customer, including, without limitation, the execution and/or clearing of Contracts
through NinjaTrader and the provision by Customer to NinjaTrader of a perfected, first priority security interest in the Collateral
as provided in this Agreement;

(v) Customer: (A) is capable of evaluating investment risks independently; (B) is exercising independent judgment with respect to
its investment in and, if applicable, decision to hold, sell or offset the Contracts and any related investment strategy; (C) understands
that Contracts involve substantial risk and has determined that trading in and, if applicable, holding Contracts is suitable and appropriate
for it and its Account and it has the capacity to absorb potential losses related to its trading strategy and the positions held by it; (D)
is not relying on any communication (written or oral) of NinjaTrader or any of its employees or agents as investment advice
or as a recommendation to enter into a Contracts transaction, it being understood that information and explanations related to the
terms and conditions of a Contracts transacion will not be considered investment advice or a recommendation to enter into that
transaction; and (E) has not received any communication (written or oral) from NinjaTrader or any of its agents that can be deemed
to be an assurance or guarantee as to the expected results of any Contracts transaction;

(vi) except as disclosed in writing to NinjaTrader, Customer is acting solely as principal and not as agent for any other party and no
other person has any interest in the Account and, except for Advisor (if applicable), no other person has control over the Account;

(vii) all financial and other information provided by Customer to NinjaTrader in connection with this Agreement and the opening or
maintenance of Customer’s Account is, as of the date of the information, true, accurate and complete in every material respect;

(viii) Customer covenants and warrants that it shall not grant any lien or security interest on the Collateral to any person (other than
liens solely in favor of any Execution Facility, Clearing Organization, or NinjaTrader);

(ix) Customer is not subject to Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), Section 4975
of the Internal Revenue Code of 1986, as amended (the “Code”) and does not constitute the assets of any “governmental plan” (within
the meaning of Section 3(32) of ERISA) that is subject to any provision that is similar to Section 406 of ERISA or Section 4975 of the
Code; and (x) Customer, if applicable, is duly organized and in good standing in all jurisdictions in which it is qualified to do business.

(b) Customer agrees to notify NinjaTrader promptly in writing if any representation, warranty or agreement made by Customer in this
Agreement, including without limitation those contained in this Section 3, ceases to be true, correct or complete in any respect or if
Customer fails to perform any undertaking contained herein, including the Schedules and Annexes hereto.

4.Additional Agreements of Customer. Customer acknowledges and agrees with NinjaTrader that:
(a)NinjaTrader Responsibility. NinjaTrader, as agent, is responsible solely for the execution, clearing and/or carrying of Contracts in
each Account in accordance with the terms of this Agreement. Customer and Customer’s Advisor (if applicable) are the sole parties
responsible for all investment, trading, and order routing decisions for the Accounts and for compliance with any applicable restrictions
on such trading. Customer is responsible for evaluating and understanding the risks associated with Contracts on each Execution Facility

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on which Customer has elected to trade. NinjaTrader is not acting as a fiduciary or advisor with respect to Customer or any Contract or
Account, and NinjaTrader shall have no responsibility for compliance with any law or regulation governing the conduct of any such
fiduciary or advisor or for Customer’s compliance with any law or regulation governing or affecting Customer’s trading hereunder.

(b)Advice and Positions. Any market information communicated by NinjaTrader with respect to any Account opened by Customer or
with respect to any Contracts contemplated by this Agreement is incidental to NinjaTrader business as an FCM, and does not constitute
investment advice or a recommendation. Moreover, such information does not constitute an offer to buy or sell or the solicitation of an
offer to buy or sell any Contracts and is not intended to serve and will not serve as the primary basis for any decision by or on behalf of
Customer in respect of any Contract or Account. NinjaTrader does not have and will not have any discretionary authority, power or
control over any decisions made by or on behalf of Customer in respect of the Account or any Contract, and Customer shall rely solely on
its own judgment and the advice of its Advisor (if applicable), and not on NinjaTrader, in making any such decision. Verbal orders and or
orders received via email from Customers will only be accepted and executed by NinjaTrader acting in a clerical capacity. NinjaTrader is
also authorized to enter and execute order to liquidate positions in under-margined Customers’ accounts.

(c)Conflicts of Interest. Customer acknowledges that the NinjaTrader Parties may take, hold positions in, or advise other customers
concerning, Contracts. The positions, transactions and advice of the NinjaTrader Parties may be inconsistent with or contrary to advice
given or positions held by Customer. NinjaTrader may also trade in Contracts for its own account and such activity may adversely affect
the market for and value of the Contracts held by Customer.

(d)Reports. All oral and written communications relating to the Account or to any Contract will be submitted to Customer by NinjaTrader
at the address and telephone number, or e-mail and/or other electronic delivery address, provided by Customer on the Application or as
otherwise designated by Customer in writing. Oral trade execution reports from NinjaTrader will be conclusive and binding on Customer
unless Customer notifies NinjaTrader of any objection at the time such execution report is given. NinjaTrader understands that Customer
wishes to receive written confirmations and monthly statements by means of electronic media. NinjaTrader will provide all written
confirmations and monthly statements solely by e-mail or other electronic transmission until further notice from Customer and
acknowledges that Customer may revoke its consent to receive written confirmations and monthly statements by means of electronic
media at any time. Customer agrees at all times to provide a valid working email address for the purpose of receiving all reports,
statements and correspondence and agrees to immediately notify NinjaTrader in the event that there is any interruption in the delivery of
such reports, statements or correspondence whether delivered by email or through the NinjaTrader Portal.

(e)Written confirmations and monthly statements (including, without limitation, those delivered electronically) shall be conclusive and
binding on Customer unless Customer notifies NinjaTrader of any objection in writing before the opening of trading on the Business Day
following the day on which NinjaTrader sent such communications to Customer or posted them on an applicable website. Customer will
carefully review all other communications from NinjaTrader and will notify NinjaTrader of any error immediately in the case of an oral
communication and promptly after receipt in the case of a written communication (including, without limitation, one delivered
electronically). For the purposes of this Agreement, “Business Day” means, any day other than a Saturday or Sunday on which
NinjaTrader and the applicable Execution Facility and/or Clearing Organization are open for business.

(f)Electronic Trading. Trading through an electronic trading or order routing system exposes you to risks associated with system or
component failure. In the event of system or component failure, it is possible that, for a certain time period, you may not be able to enter
new orders, execute existing orders, or modify or cancel orders that were previously entered. System or component failure may also result
in loss of orders or order priority. For a complete discussion of the risks involved in electronic trading, please see the ELECTRONIC
TRADING AND ORDER ROUTING SYSTEMS DISCLOSURE STATEMENT. Customer agrees that the unique login to the trading

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platform that has been (or will be provided will be used exclusively by the trader enrolled as the user and will not be provided to any other
individuals. Under no circumstances will NinjaTrader be responsible for trades place by an unauthorized user.

(g) Financial Information. Customer will notify NinjaTrader promptly (and no later than within one (1) Business Day of any such
event) of any material adverse change to Customer’s financial condition, regardless of whether Customer has previously furnished
financial information to NinjaTrader. Customer authorizes NinjaTrader to contact such banks, financial institutions, credit agencies
and other sources of financial information regarding Customer as NinjaTrader deems appropriate from time to time and Customer
agrees, at NinjaTrader request, to authorize such entities to provide information to NinjaTrader regarding Customer.

(h) Employees of FCMs, Self-Regulatory Organizations or the CFTC. If Customer is an , Customer is not a partner, officer,
director, employee or owner of more than ten percent of the equity interest of any FCM, any introducing broker or any self-regulatory
organization, or an employee of the CFTC, except as otherwise disclosed to NinjaTrader in writing.

(i) Cash transactions. Customer is aware that CFTC regulations require Customer to create, retain and produce upon the request of
the CFTC, the United States Department of Justice and the applicable Exchange, documentation of cash transactions underlying exchanges
of futures for cash commodities or exchanges of futures in connection with cash commodity transactions.

(j) Pre-Execution Communications. When Applicable Law permits pre-execution communications to facilitate execution of orders
for Customer’s Account, Customer hereby consents to NinjaTrader entering into such permissible communications consistent
with Applicable Law. Customer may revoke this consent at any time by written notice to NinjaTrader.

5.Customer Orders.
Unless specified by Customer and agreed by NinjaTrader and notwithstanding any right that Customer may otherwise have
under Applicable Law, Customer expressly agrees that NinjaTrader may, in its sole discretion, select the Execution Facility or other
markets on which it will execute orders for Customer and the Clearing Organization through which the FCM that NinjaTrader
designates will clear transactions entered into by or on behalf of Customer.

6.Use of Third Parties.

NinjaTrader may, in its sole discretion, for or on behalf of Customer, engage any affiliates or third parties that it believes are necessary or
appropriate to employ in connection with the maintenance of Customer’s Account and the execution, clearing or settling of Contracts for
the Account. This may include, without limitation, selecting U.S. or non-U.S. depositories, floor brokers, clearing and executing brokers
and FCMs, bank custodians and other service providers. Customer agrees to cooperate fully with NinjaTrader as needed to establish any
necessary depository or trading accounts or to affect any transactions for Customer under this Agreement, including, without limitation,
providing all necessary information and executing any necessary forms that may be required by NinjaTrader or any third-party. Other
than as may be limited by Applicable Law, Customer consents to NinjaTrader disclosing information regarding Customer, Customer’s
Advisor and any other representative or affiliate of Customer to any NinjaTrader affiliate or third-party as NinjaTrader deems appropriate
in connection with performance of this Agreement or of any Contract by Customer.

7.Give-Ups.
Absent a separate written agreement with Customer with respect to give-ups, NinjaTrader, in its sole discretion, may, but shall not be
obligated to, accept from other executing brokers, introducing brokers or FCMs, Contracts executed by or through such entities to be
given up to NinjaTrader for clearance or carrying in any Account. Under no circumstances will NinjaTrader have any liability with
respect to any give-ups or for any actions or inaction taken by the executing broker or Customer in connection therewith.

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8. Foreign Markets
Customer acknowledges and agrees that execution and clearance of Contracts in foreign markets entails additional risks, including foreign
exchange risk and risks associated with the different regulatory and insolvency regimes to which the brokers carrying the Contracts as
well as the Execution Facility and Clearing Organization on which the Contracts are executed and cleared are subject. Customer
expressly acknowledges that it will bear all risk associated with profit or loss on Contracts due to changes in the foreign exchange rate
between the currency in which the Contract is denominated and the currency of Customer’s jurisdiction as well as all other risks
associated with foreign Contracts in its Account.

9. Inactive Accounts.
Customer acknowledges that NinjaTrader may from time to time deactivate an Account with no open positions in Contracts or balances.
To the extent Customer requests to reactivate an Account that has been deactivated by NinjaTrader, Customer will provide NinjaTrader
with any information and documents reasonably requested by NinjaTrader in connection with Customer’s request to reactivate the
Account.

10. Margin.
Customer agrees to deposit and to maintain, without demand from us, performance bond, margin, security deposit, cash or other
acceptable collateral and to make any premium payments with respect to each Contract, in such form, in such amounts and by such time,
as required by (i) Applicable Law; or (ii) by NinjaTrader in its sole discretion. Customer acknowledges and agrees that NinjaTrader has
no obligation to establish uniform margin requirements and that margin requirements imposed by NinjaTrader may exceed those of the
applicable Execution Facility or Clearing Organization.

Such Margin requirements established by NinjaTrader may exceed the Margin required from NinjaTrader by an Execution
Facility or Clearing Organization. NinjaTrader may increase or decrease Margin requirements in its sole discretion at any time.
If NinjaTrader determines that additional Margin is required, you agree to deposit with NinjaTrader such additional Margin when and
as demanded by NinjaTrader, and you agree to satisfy immediately all Margin calls in such manner as NinjaTrader shall designate
in its sole discretion. Notwithstanding any demand for additional Margin, NinjaTrader may at any time proceed in accordance with
Section 19, and any failure to proceed shall not be deemed a waiver of any rights by NinjaTrader. No previous Margin deposit
or practice shall establish any precedent. NinjaTrader shall not be liable to you for the loss of any Margin deposit which is the direct or
indirect result of the bankruptcy, insolvency, liquidation, receivership, custodianship, or assignment for the benefit of creditors of any
bank, another clearing broker, Market, clearing organization, or similar entity.

11. Commissions, Fees and Expenses.

Customer understands that NinjaTrader charges commissions or fees for the execution and/or clearing of Contracts based upon the rates
in effect at the time of execution and clearing, as agreed to with Customer from time to time or as notified by NinjaTrader to
Customer. In addition to such commissions, Customer agrees to pay such other costs or expenses incurred in connection with
Contracts, including without limitation those described in Section 12(b) below and: (a) all brokerage charges, give-up fees,
commissions, technology charges, order routing fees, account maintenance fees, inactivity fees, account closure fees, account transfer
fees, service charges and clearing charges as may be incurred from time to time in connection with execution and settlement of a
transaction, together with all other applicable fees, charges, taxes and duties; (b) all Execution Facility, Clearing Organization, NFA
or other regulatory or self-regulatory fees, charges, fines, penalties, or other expenses, and any taxes incurred or imposed with respect
to the Account; (c) any trading losses, periodic payments, premiums, debit balance, deficiency, or other liability related to the
Account; (d) any and all charges for margin violation deficiencies, position management violations or the incurrence of a debit
balance, (e) Account administrative charges, USPS

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mailing fees and Exchange data fees, (f) Treasury charges including but not limited to wire fees, currency conversion charges, ACH fees,
( g) charges for facilitating the transfer of positions to another FCM and (h) any other charges or costs incurred by NinjaTrader with
respect to the Account, including, but not limited to, reasonable attorneys’ fees incurred in collecting any unpaid debit balance or
deficiency.

12. Interest.
NinjaTrader does not provide banking services and/or is otherwise not acting as a bank for purposes of the Illinois Funds Transfer Act.
You agree to indemnify NinjaTrader if there’s a court-imposed liability ruling that NinjaTrader was acting as a bank or otherwise
engaged in banking activities.

(a)NinjaTrader may, but is not required to, pay Customer interest on excess cash held in the Account for Customer at rates
customarily paid by NinjaTrader and as advised to Customer from time to time.

(b)Customer will pay NinjaTrader interest on any debit balance or deficiency with respect to the Account as is customarily charged
by NinjaTrader based upon its rates then in effect or at a rate as may be agreed between Customer and NinjaTrader from time to time.

13. Security Interests.

(a)Customer agrees that all cash, funds, securities, credit balances, commodities, Contracts, posted margin deposits, the Account and/or
any other property of Customer and the proceeds thereof and interest, dividends and other earnings thereon, that may from time to time be
held by NinjaTrader or carried by or due from NinjaTrader or due to or from any domestic or foreign clearing member, any domestic or
foreign Clearing Organization or any agent acting for Customer, any domestic or foreign clearing member or any domestic or foreign
Clearing Organization, in each case in connection with any Contract, including, without limitation, all margin and all rights Customer may
have against NinjaTrader in connection with this Agreement, any Contract hereunder or otherwise (collectively, “Collateral”) hereby are
pledged to NinjaTrader and will be subject to a general lien and first priority security interest and right of set-off and recoupment in
NinjaTrader favor to secure any deficit, indebtedness or other amounts, obligations and/or liabilities at any time owed to NinjaTrader
by Customer.

(b)Customer and NinjaTrader agree that NinjaTrader will treat all Collateral as “financial assets” under Article 8 of the Uniform
Commercial Code in effect in the State of Illinois (the “UCC”) (except for any of the Collateral constituting “commodity contracts” within
the meaning of the UCC). In connection with the foregoing, NinjaTrader and Customer agree that each Account that contains Collateral
other than commodity contracts will constitute a “securities account” within the meaning of Article 8 of the UCC with respect to such
Collateral. NinjaTrader will be acting in its capacity as a “securities intermediary” within the meaning of Article 8 of the UCC with
respect to each such securities account. To the extent any commodity contract (within the meaning of the UCC) is carried in any Account,
such Account will constitute a “commodity account” within the meaning of the UCC as to which NinjaTrader is the “commodity
intermediary” within the meaning of the UCC.

(c)Customer agrees that NinjaTrader will apply any value distributed on account of any “commodity contracts” (as defined in the Uniform
Commercial Code in effect in the State of Illinois) carried in the Account as directed by any of its affiliates without further consent by
Customer and, with respect to all other Collateral, NinjaTrader will comply with any entitlement orders originated by any of its
affiliates without Customer’s further consent. Customer acknowledges and agrees that NinjaTrader and its affiliates may agree among
themselves that NinjaTrader interest in all or any portion of the Collateral shall have priority over the interest of its affiliates in the
Collateral. Nothing in any such agreement, however, shall affect any calculation of margin under this Agreement or any rights of
NinjaTrader to require additional margin or other Collateral to secure any obligations under any provision of this Agreement or otherwise.

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 (d)Customer agrees that it will promptly execute and deliver to NinjaTrader all documents and instruments, and take such further
actions, reasonably requested by NinjaTrader from time to time to protect, preserve and perfect NinjaTrader rights and interests in the
Collateral. To perfect its security interest in all or a portion of the Collateral, NinjaTrader may file Uniform Commercial Code
financing statements and
amendments thereto naming Customer as the debtor in the appropriate filing offices in the United States and may need to make
comparable filings or provide other evidence of NinjaTrader security interest in foreign jurisdictions, if applicable. Customer agrees to
notify NinjaTrader in writing within thirty (30) days following the occurrence of any change in its legal name, jurisdiction of
formation, form of organization, place of residence if Customer is an individual, or chief executive office to enable NinjaTrader to
maintain its perfected status in the Collateral.
(e)Subject to any requirements under Applicable Law, Customer hereby grants NinjaTrader the right to borrow, pledge, repledge,
hypothecate, rehypothecate, loan or invest any of the Collateral, including investing such Collateral in any instrument authorized under
Applicable Law, in each case without notice to Customer, and without any obligation to pay or to account to Customer for any interest,
income or benefit that may be derived therefrom. NinjaTrader shall be under no obligation to deliver the same property deposited with
NinjaTrader or received by NinjaTrader for Customer’s Account, but may deliver other property of like or equivalent kind or amount.

(f)Customer agrees that NinjaTrader may from time-to-time transfer Collateral received under this Agreement among Accounts in the
Customer’s name or account classes within such Accounts and, following the occurrence of an Event of Default (as such term is defined
below), Customer further agrees that NinjaTrader may deduct monies or other assets from any account of Customer (including the
Account) and apply or transfer any of Customer’s monies or assets from the account (including the Account) to other account or accounts
(including the Account) in the name of Customer at NinjaTrader to satisfy Customer’s margin failure or deficit obligations to
NinjaTrader; provided, however, that NinjaTrader shall not apply or transfer funds when doing so would create a margin call or deficit in
the transferring account. NinjaTrader will have recourse to all assets of Customer held in any account in the name of Customer at
NinjaTrader to satisfy Customer’s obligations to NinjaTrader, including, without limitation, Customer’s obligations under this Agreement.

14. Offsetting Transactions.

All liquidating or closing orders entered by Customer will offset and closeout Contracts positions unless, if permitted under Applicable
Law, Customer instructs NinjaTrader to hold open concurrent positions and maintain the offsetting Contracts as open positions, provided
that NinjaTrader will not be obligated to comply with any such instructions given by Customer, if Customer fails to provide NinjaTrader
with any representations, documentation or information reasonably requested by NinjaTrader or if, in NinjaTrader reasonable judgment,
failure to offset such Contracts against each other would result in a violation of Applicable Law or of NinjaTrader internal policies and
procedures.

15. Acceptance of Orders and Position Limits.

(a)NinjaTrader will use its reasonable efforts to notify Customer of those Contracts it regularly accepts for execution and clearing in the
ordinary course of business. In accordance with, and subject to, Applicable Law, NinjaTrader will set limits for Customer’s Account
which will be advised to Customer from time to time. Customer will comply with all such limits and any applicable position limit rules
and regulations imposed by Applicable Law and will not violate any applicable limits whether acting alone or in concert with others.

(b)NinjaTrader will have the right, whenever in its reasonable discretion it deems such action necessary or desirable, to: (i) establish or
change any limit with respect to any Contract or the Account; (ii) refuse to accept any orders to establish new positions whether such
refusal is required by Applicable Law or based on any applicable limit; and (iii) reduce or liquidate any Contract that violates any
applicable limit. NinjaTrader will promptly notify Customer if it has, pursuant to this Section 15(b), established or amended any limit or

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reduced or liquidated any Contract.

(c)If Customer is required to file any position report with any governmental or self-regulatory agency or relevant Execution Facility or
Clearing Organization, Customer will promptly file and provide NinjaTrader with copies of such application or report and such
other information as NinjaTrader may reasonably request in connection therewith. Customer agrees to cooperate fully with
NinjaTrader, if NinjaTrader on Customer’s behalf, or in respect to Customer, is required to file any position report with any
governmental or self-regulatory agency or relevant Execution Facility or Clearing Organization.

16. Options Exercise.

(a)If Customer has a long commodity option or futures option in the Account that it wishes to exercise, it must provide NinjaTrader
written instructions to exercise the option, including instructions that are contrary to automatic exercise, no later than five (5) Business
Days prior to the last trading day of the option. Customer will provide NinjaTrader sufficient funds and the necessary documents for such
exercise no later than the exercise day.

(b)Certain option contracts sold by Customer are subject to exercise at any time and the rules of the relevant Execution Facility or
Clearinghouse may provide for the automatic exercise of options that are “in-the-money” at the time of expiration. Exercise notices
received by NinjaTrader from the applicable Execution Facility or Clearing Organization with respect to any option contract sold by
NinjaTrader customers will be allocated among such customers (including Customer) pursuant to NinjaTrader usual allocation
procedure and Customer will be bound by any allocation made to it pursuant to such procedure. Such notices may be allocated to
Customer after the close of trading on the day on which such notices have been allocated to NinjaTrader by the applicable Execution
Facility or Clearing Organization. NinjaTrader may change its allocation method at any time, without notice to Customer.

(c)Subject to the foregoing, NinjaTrader will have no responsibility for any action that it takes or fails to take with respect to any option
contract (including, without limitation, any responsibility to exercise any option contract purchased by Customer) unless and until
NinjaTrader receives acceptable and timely instructions from Customer indicating the action to be taken.

(d)If Customer fails to perform its obligations under this section, NinjaTrader may, but is not obligated to, take any action it deems, in its
sole discretion, is required by Applicable Law or is necessary for its protection or the protection of any of its affiliates, including, without
limitation, abandoning, liquidating, making or taking delivery or exercise on behalf of Customer. Customer will be liable for any
deficiency in the Account that may result therefrom. NinjaTrader will have no liability for any action that it takes or fails to take with
respect to any Contract under this Section 16.

(e)NinjaTrader charges additional fees for the exercise or assignment of options.

17. Deliveries.
(a)Customer agrees to comply with all requests by NinjaTrader in connection with any open position in any Contract that could result in
a delivery or a delivery obligation. NinjaTrader may at their discretion limit trading to the liquidation of open positions in the five
(5) Business Days prior to the first notice day. Unless Customer shall have delivered to NinjaTrader notice of its intention to take
sufficient funds and the necessary documents to make or take delivery, Customer will, with respect to open positions in Contracts, give
delivery,
NinjaTrader liquidating instructions at least five (5) Business Days prior to the first notice day, in the case of long positions, and at least
five (5) Business Days prior to the last trading day, in the case of short positions. If Customer fails to perform its obligations under this
section, NinjaTrader may, but is not obligated to, take any action it deems, in its sole discretion, that such action is required by Applicable
Law or is necessary for its protection or the protection of any of its affiliates, including, without limitation, abandoning, liquidating,

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making or taking delivery or exercise on behalf of Customer. Customer will be liable for any deficiency in the Account that may result
therefrom. NinjaTrader will have no liability for any action that it takes or fails to take with respect to any Contract under this Section 17.

(b)If at any time Customer shall fail to deliver to us any property previously sold by us on your behalf or fail to deliver property, securities
or financial instruments in compliance with futures contracts, or we shall deem it in our sole discretion necessary to replace any securities,
financial instruments, or other property previously delivered by us for your Account with other property of like or equivalent kind or
amount, you authorize us in our judgment to borrow or to buy any property necessary to make delivery thereof or to replace any such
property previously delivered and to deliver the same to such other party to whom delivery is to be made. We may repay subsequently any
borrowing thereof with property purchased or otherwise acquired for your Account. Customer shall pay us for any cost, loss, and damage
from the foregoing (including consequential damages, penalties, and fines) which we may be required to incur or which we may sustain
from our inability to borrow or buy any such property.

(c)Customers is responsible for any losses, costs, fees, or charges (including consequential damages, penalties, and fines) incurred in
connection with making or taking any delivery on behalf of Customer.

18. Events of Default.

Each of the following shall be deemed an “Event of Default” by Customer and Customer will promptly, but no later than one (1) Business
Day following the occurrence of an Event of Default (except Section 18(a) and (b) provide written notice of the occurrence of such Event
of Default to NinjaTrader (i) by email to the email address set forth in Section 28 below and (ii) by courier, overnight mail or certified
or registered mail or the equivalent (return receipt requested), to the addresses set forth in Section 28 below:

(a)Customer fails to comply with any provision of, or perform any obligation under, this Agreement (it being understood that failure to
comply with Applicable Law shall be a failure to perform hereunder);

(b)Customer fails to transfer or maintain required margin in the Account, fails to pay, when due, required premiums or fails to make,
when due, any delivery or payments required hereunder in respect of any Contract or otherwise;

(c)Customer institutes, or has instituted against it by a regulator, supervisor or any similar official with primary insolvency, rehabilitative
or regulatory jurisdiction over Customer, a proceeding seeking a judgment of insolvency or bankruptcy, judicial management,
administration or reorganization or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights,
or a petition is presented by Customer or such regulator, supervisor, or similar official for its winding-up, liquidation or appointment of a
judicial manager, trustee, receiver, liquidator, conservator, custodian or similar officer;

(d)Customer has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any
bankruptcy or insolvency law or similar law affecting creditors’ rights, or a petition is presented for its winding-up or liquidation, and
such proceeding or petition is instituted or presented by a person or entity not described in clause (c) above and either (i) results in a
judgment of insolvency or bankruptcy or the entry of an order for relief of the making of an order for its winding-up or liquidation or (ii)
is not dismissed, discharged, stayed or restrained in each case within fifteen (15) days of the institution or presentation thereof;

(e)Customer has died or been judicially declared incompetent;

(f)the issuance of any warrant or order of attachment against Customer’s Account or the levy of a judgment against Customer’s Account;

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(g) any representation or warranty made by Customer is not or ceases to be correct or true in any material respect;

(h) Customer states that it will not perform any obligation under this Agreement or becomes insolvent or is unable to pay its debts or
fails or admits in writing its inability generally to pay its debts as they become due;

(i) Customer is the subject of any application, proceeding or action brought to or taken by or on behalf of an insurance regulatory authority
or similar person or entity that results in the suspension, non-renewal or revocation of such party’s license or authority to
NinjaTrader business in its state of incorporation domicile or principal place of business;

(j) Customer is placed into receivership, including conservation, rehabilitation, supervision, liquidation or any similar proceeding or enters
into an agreement with insurance regulatory officials of any state or jurisdiction which requires Customer to take, or refrain from taking,
any action or which otherwise affects Customer’s authority to do business in any state or ability to perform its obligations under this
Agreement;

(k) Customer is dissolved or passes a resolution for its winding up or dissolution;

(l) any self-regulatory organization of which Customer is a member, or any other regulatory authority with competent jurisdiction over
Customer suspends the conduct of Customer’s usual business or revokes authorizations, membership, licenses or other similar approvals
or Customer suspends its usual business or any material portion thereof; or<

(m) a meeting of Customer's creditors for the purpose of considering a voluntary arrangement or composition or general assignment
with or for the benefit of Customer's creditors is convened.<

19. Remedies.
(a) Upon the occurrence of an Event of Default, NinjaTrader shall have the right, subject to the terms of any other agreements between
NinjaTrader and Customer with respect to the rights and obligations of the parties under such other agreements, in addition to any other
remedy available under Applicable Law, without additional demand for margin and without notice or advertisement, to (i) cancel, suspend
or refuse or, in its discretion, continue to execute, without waiving any rights with respect to such Event of Default, any orders; (ii)close -
out, liquidate, terminate or net at such time as NinjaTrader deems appropriate, any or all open Contracts and other positions(including
Collateral) in Customer’s Account; (iii) treat any or all of Customer’s obligations to NinjaTrader, whether under this Agreement or any
other agreement(written or oral), as immediately due and payable; (iv)sell any or all of the Collateral held by NinjaTrader and to set off
and apply all or any of the Collateral or any of the proceeds of the sale thereof to or against any amounts owed by Customer to
NinjaTrader; (v)borrow, buy -in, terminate or offset any Contracts, or enter into risk reducing transactions for Customer’s Account or
otherwise including exchange of futures for risk positions; (vi)set - off and net any obligations of NinjaTrader to Customer against
any obligations of Customer to NinjaTrader; (vii)terminate any or all of NinjaTrader obligations for future performance to
Customer; and (viii) take such other actions as NinjaTrader, in its discretion, deems necessary or appropriate for its protection, all
without additional
demand for margin and without notice or advertisement. (b) NinjaTrader, in its sole discretion, may make and effect any actions
described in subsection(a) above in any manner it deems reasonable and necessary, including, without limitation choosing appropriate
counterparties(which include affiliated entities), Execution Facilities and price sources to utilize and accept in connection with any
purchases, sales, terminations, set - offs or valuations and, if so determined by NinjaTrader, to convert any margin or amounts payable by
Customer which may be in a currency other than U.S.Dollars into U.S.Dollars at the spot rate of exchange therefore reasonably chosen by
NinjaTrader. A prior demand or margin call of any kind from NinjaTrader, prior notice from NinjaTrader or the failure to previously
enforce any provision of this Agreement or any other agreement will not be considered a waiver of NinjaTrader right to take any action

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as described herein without notice or demand.Notwithstanding the foregoing, NinjaTrader will make a good - faith effort to notify
Customer of its intention to take any of the actions specified in subsection(a) above before taking any such action; provided, that
NinjaTrader will not be deemed to have breached any obligation if no notice is given.Customer will be liable for the payment of
any deficiency remaining in the Account after such actions are taken by NinjaTrader, together with interest thereon and all costs relating
to actions taken by NinjaTrader(including reasonable attorneys’ fees), and any fees and expenses owed in the Account.

20. Credit Investigations

Anti-Money Laundering Provisions. Customer authorizes NinjaTrader or its agent to investigate Customer’s credit standing and in
connection therewith to contact such banks, financial institutions and credit agencies as NinjaTrader shall deem appropriate to verify
information regarding Customer. NinjaTrader and Customer acknowledge that anti-money laundering requirements established by the
USA PATRIOT ACT or any regulations established thereunder by applicable governmental agencies or self-regulatory organization shall
apply to the Account. Accordingly, Customer shall promptly provide any documents or certifications requested by NinjaTrader which
NinjaTrader believes is necessary or advisable to obtain for anti-money laundering compliance purposes.

21. Foreign Trader Disclosure Statement

In accordance with Rules 15.05 and 21.03 of the Commodity Futures Trading Commission (“CFTC”), 17 C.F.R. §§15.05 and 21.03, we
are considered to be your agent for purposes of accepting delivery and service of communications from or on behalf of the CFTC
regarding any commodity futures contracts or commodity option contracts which are or have been maintained in your account(s) with us.
In the event that you are acting as agent or broker for any other person(s), we are also considered to be their agent, and the agent of any
person(s) for whom they may be acting as agent or broker, for purposes of accepting delivery and service of such communications.
Service or delivery to us of any communication issued by or on behalf of the CFTC (including any summons, complaint, order, subpoena,
special call, request for information, notice, correspondence or other written document) will be considered valid and effective service or
delivery upon you or any person for whom you may be acting, directly or indirectly, as agent or broker. You should be aware that Rule
15.05 also provides that you may designate an agent other than NinjaTrader. Any such alternative designation of agency must be
evidenced by a written agency agreement which you must furnish to us and which we, in turn, must forward to the CFTC. If you wish to
designate an agent other than us, please contact us in writing. You should consult 17 C.F.R. §15.05 for a more complete explanation of
the foregoing.

Upon a determination by the CFTC that information con concerning your account(s) with us may be relevant in enabling the CFTC to
determine whether the threat of a market manipulation, corner, squeeze, or other market disorder exists, the CFTC may issue a call for
specific information from us or from you. In the event that the CFTC directs a call for information to us, we must provide the information
requested within the time specified by the CFTC. If the CFTC directs a call for information to you through us as your agent, we must
promptly transmit the call to you, and you must provide the information requested with the time specified by the CFTC. If any call by the
CFTC for information regarding your account(s) with us is not met, the CFTC has authority to restrict such account(s) to trading for
liquidation only. You have the right to a hearing before the CFTC to contest any call for information concerning your account(s) with us,
but your request for a hearing will not suspend the CFTC’s call for information unless the CFTC modifies or withdraws the call. Please
consult 17 C.F.R. §21.03 for a more complete description of the foregoing (including the type of information you may be required to
provide). Certain additional regulations may affect you. Part 17 of the CFTC Regulations, 17 C.F.R. Part 17, requires each futures
commission merchant and foreign broker to submit a report to the CFTC with respect to each account carried by such futures commission
merchant or foreign broker which contains a reportable futures position. (Specific reportable position levels for all futures contracts
traded on U.S. exchanges are established in Rule 15.03.) In addition, Part 18 of the CFTC Regulations, 17 C.F.R. Part 18, requires all
traders (including foreign traders) who own or control a reportable futures or options position and who have received a special call from
the CFTC to file a Large Trader Reporting Form (Form 103) with the CFTC within one day after the special call upon such trader by the

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CFTC. Please consult 17 C.F.R. 17 and 18 for more complete information with respect to the foregoing.

22. Currency Denomination and Execution Facility Risk.

Unless another currency is required for settlement of a Contract entered into by Customer in accordance with this Agreement or submitted
for clearing in accordance with this Agreement, all margin deposits in connection with such Contract, and all debits or credits in the
Account, will be stated in U.S. dollars. If Customer enters into Contract that is denominated in a currency other than the currency in
which initial margin is deposited or NinjaTrader, in its sole discretion, permits Customer to deposit foreign currency in satisfaction of any
of
Customer’s margin, settlement or premium obligations in respect of such NinjaTraderion, any profit or loss arising as a result of a
fluctuation in the exchange rate affecting such currency, or any conversion of U.S. Dollars to the required currency by NinjaTrader at then
prevailing rates, will be entirely for the account and risk of Customer. When such transaction is terminated, NinjaTrader will, in its sole
discretion, credit the Account of Customer in such foreign currency or in U.S. dollars at a prevailing rate of exchange for such foreign
currency and will effect such conversion in whatever manner it elects. For its protection, NinjaTrader may at its sole discretion convert
any foreign currency balances of Customer to U.S. dollars or any other currency it deems advisable, and may charge customer a fee in
connection with such conversion.

Customer acknowledges and agrees that that deposits in foreign currencies may incur negative interest rate charges and NinjaTrader may
in its sole discretion pass along to Customer any such charges so incurred.

23. Recording of Telephone Conversations.

Customer acknowledges and agrees that NinjaTrader may record telephone conversations and authorizes and consents to the recording of
conversations by means of electronic telephone recording equipment or otherwise, without the use of an automatic tone warning device,
and without assuming responsibility to make or retain such tape recordings, except as required by Applicable Law. Such recordings may
be used as evidence by NinjaTrader in any disputes between NinjaTrader and Customer.

24. Limitation of Liability.

Neither NinjaTrader nor any NinjaTrader Party shall be responsible for any loss, liability, damage or expense except to the extent that
such loss, liability, damage or expense arises from NinjaTrader gross negligence or willful misconduct. Notwithstanding the foregoing
and without limiting any other provision of this Agreement, neither NinjaTrader nor any NinjaTrader Party shall have any responsibility
or liability to Customer or any other person under this Agreement: (a) in connection with the performance or non-performance by any
third-party (including, but not limited to, Clearing Organizations, Execution Facilities, brokers, dealers, account controllers, CTAs, CPOs,
custodians and banks) with respect to any Contracts, Collateral or other property of Customer, including without limitation if any such
third-party makes an error in executing, filling or settling orders or fails to execute, fill or settle an order for Customer; (b) as a result of
any prediction, recommendation or advice made or given by a representative of NinjaTrader, whether or not made or given at the request
of Customer; or (c) as a result of NinjaTrader reliance on any instruction, notice or communication that it believes to be of an individual or
entity authorized to act on behalf of Customer. In addition, neither NinjaTrader nor any NinjaTrader Party shall have any liability as a
result of any action, failure to act or delay in acting as a result of the occurrence of any contingency or event beyond NinjaTrader control of
NinjaTrader including, without limitation, any: (i) labor disputes, riots, sabotage, insurrection, fires, floods, storms, explosions,
earthquakes, electrical power failures, acts of God, war, both declared and undeclared, or acts of terrorism; (ii) suspension or termination
of trading; (iii) unscheduled closure of an Execution Facility; or (iv) failure or delay in the transmission of orders due to breakdowns or
failures of transmission or communication facilities, execution, and/or trading facilities, other systems, or any other electronic trading
systems, facilities or services. Customer agrees that, upon the occurrence of such an event, NinjaTrader shall be excused from
performance of its obligations hereunder for such period of time as is reasonably necessary after such occurrence to remedy the effects
therefrom. In no event will NinjaTrader be liable to Customer for consequential, incidental, special or punitive damages.

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25. Indemnification.
Customer hereby agrees to indemnify and hold harmless NinjaTrader and all NinjaTrader Parties (together, “NinjaTrader
Indemnified
Parties,” or individually, “NinjaTrader Indemnified Party”) from and against any and all loss, cost, damage, expense, penalty, tax or fees
when and as incurred by, or asserted against, any NinjaTrader Indemnified Party arising out of or in connection with this Agreement or
any Contracts or transactions contemplated hereunder or pursuant to instructions received by any NinjaTrader Indemnified Party from
Customer or any person believed to be authorized to provide such instructions. Customer will, without limitation, indemnify the
NinjaTrader Indemnified Parties for reasonable costs of counsel and the cost of any investigation and preparation, when and as incurred
by them (including, without limitation, advancement of expenses), in connection with any claim, action, proceeding, investigation,
examination or threatened action relating to this Agreement or of any Contract, except for such losses, costs or damages as are directly
caused by such NinjaTrader Indemnified Parties’ own gross negligence or willful misconduct.

26. Termination.
This Agreement may be terminated at any time by Customer or NinjaTrader by written notice to the other. Termination will not affect
any Contract or other transaction entered into prior to receipt of such notice and will not relieve either party of any obligations in
connection with any debit or credit balance or other liability or obligation incurred prior to such termination. The security interest granted
by Customer under Section 13 of this Agreement will not terminate until all obligations of Customer to NinjaTrader described in such
section are satisfied. In the event of a notice terminating this Agreement, Customer will either close out open positions in the Account or
arrange for such open positions to be transferred to another FCM promptly. If Customer fails to close out open positions in the Account
or arrange for such open positions to be transferred to another FCM promptly, NinjaTrader may exercise any rights set forth in Section 19
hereof in respect of such open positions. Upon satisfaction of all of Customer’s liabilities to NinjaTrader which may be deducted from the
Account or other accounts of Customer at NinjaTrader if the cash in the Account is insufficient to satisfy payments of amounts owed
(including payment of previously received discounts which may be pro-rated based on Customer’s desired termination date), NinjaTrader
will transfer to another FCM identified by Customer all remaining Contracts held for the Account and distribute per Customer’s
instructions all other cash, securities and other property held in the Account, whereupon this Agreement shall terminate. The provisions
of Section 22, 23, this Section 24 and Sections 29 to 32 of this Agreement will survive termination of this Agreement.

27. Severability.
If any provision of this Agreement is or at any time becomes inconsistent with or invalid under any present or future Applicable Law,
such inconsistent or invalid provision will be deemed to be superseded or modified to conform to such Applicable Law, but in all other
respects this Agreement will remain in full force and effect.

28. Successors and Assigns; Third-Party Beneficiaries.

This Agreement will be binding upon the parties and their successors and permitted assigns. This Agreement and the obligations of
Customer hereunder may not be assigned or delegated without the prior consent of NinjaTrader. Customer agrees that NinjaTrader will
have the right to transfer or assign this Agreement (and the Account) to any successor entity or to any registered FCM in its discretion
without obtaining Customer’s consent, provided, that NinjaTrader provides Customer with notice of such assignment in accordance with
Applicable Law. There will be no third-party beneficiaries.

29. Amendment or Waiver.

Except as otherwise provided herein, all waivers and modifications must be in writing signed by the party against whom it is to be
enforced; provided, however, that NinjaTrader may amend this Agreement without notice or consent if it reasonably believes such
amendment is necessary or appropriate to comply with Applicable Law or to change provisions relating to the products and services

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provided by NinjaTrader will notify Customer of any such amendment. The rights and amendments of NinjaTrader and Customer
under this Agreement are cumulative and no waiver or modification of this Agreement or of any such right or remedy may be inferred
from
any failure by NinjaTrader or Customer to exercise any right or remedy under this Agreement.
30. Notices and Communications.
Except as specifically otherwise provided in this Agreement, all instructions, notices or other communications may be oral or written. All
oral instructions, unless custom and usage of trade dictate otherwise, shall be promptly confirmed in writing. All written instructions,
notices or other communications shall be addressed as follows:

If to NinjaTrader:
- NinjaTrader
- Attn: Compliance Department
- 21805 Field Parkway
- Suite 360
- Deer Park IL 60010
- Email: compliance@NinjaTrader.com
If to Customer: At the address provided on the Customer Application, or as otherwise provided in writing to NinjaTrader by Customer.

All communications sent to Customer, whether through the Internet, or by mail, messenger or otherwise, shall be deemed effective: (a) if
in writing and delivered in person, or by courier, or by overnight mail, on the date delivery is attempted; (b) if sent by certified or
registered mail or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or (c) if sent by
electronic delivery, on the date that the electronic delivery is sent.

31. Governing Law.

The interpretation and enforcement of, and claims arising out of or relating to, this Agreement and the rights, obligations and remedies of
the parties shall be governed by and construed in accordance with the laws of the State of Illinois, without giving effect to its conflicts of
law principles.

32. Consent to Jurisdiction.

Customer consents to the exclusive jurisdiction of the courts of the State of Illinois located in the City of Chicago and of the federal courts
in the Northern District of Illinois and the appellate courts therefrom with respect to any proceeding arising out of or relating to this
Agreement or any transaction in connection herewith. Customer consents to the service of process by the mailing to Customer of copies
of such court filing by certified mail to the address of Customer as it appears on the books and records of NinjaTrader, such service to be
effective ten (10) days after mailing. Customer agrees that any legal action, suit or proceeding (“Proceeding”) arising out of, or relating to,
this Agreement may be brought in such courts; and waives, and agrees not to assert, as a defense in any such action, suit or proceeding:(a)
that it is not personally subject to the jurisdiction of such courts; (b) that such action, suit or proceeding may not be brought or is not
maintainable in such courts; (c) that this Agreement may not be enforced in or by such courts; or (d) that the venue of any such action, suit
or proceeding is inconvenient or improper.

Nothing in this Agreement precludes either party from bringing Proceedings in any other jurisdiction if (i) the courts of the State of
Illinois or the United States District Court for the Northern District of Illinois lack jurisdiction over the parties or the subject matter of the
Proceedings or decline to accept the Proceedings on the grounds of lacking such jurisdiction; (ii) the Proceedings are commenced by a
party for the purpose of enforcing against the other party’s property, assets or estate any decision or judgment rendered by any court in

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which Proceedings may be brought as provided hereunder; or (iii) the Proceedings are commenced to appeal any such court’s decision or
judgment to any higher court with competent appellate jurisdiction over that court’s decisions or judgments if that higher court is located
outside the State of Illinois or City of Chicago.

33. Waiver of Jury Trial and Punitive Damages.

BOTH PARTIES HEREBY WAIVE ALL RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN ANY ACTION ARISING OUT OF OR
RELATION TO THIS AGREEMENT OR IN CONNECTION THEREWITH. Both parties agree that they will not attempt to obtain an
award of punitive damages against the other.

34. Entire Agreement.

This Agreement contains the entire agreement between the parties and supersedes any prior agreements between the parties as to the
subject matter hereof. Except as otherwise provided herein, no provision of this Agreement shall in any respect be waived, altered,
modified, or amended unless such waiver, alteration, modification or amendment is in writing and signed by Customer and a duly
authorized officer of NinjaTrader.

35. Master Netting Agreement.

This Agreement is a ‘master netting agreement’ as defined in Section 101(38A) of Title 11 of the United States Code and NinjaTrader
will be entitled to the protections afforded by, among other sections, Section 362(b)(27) and 561 of Title 11 of the United States Code.
In
addition, NinjaTrader is a ‘commodity broker’ and this Agreement is a ‘commodity contract’ as set forth in Section 556 of Title 11 of
the United States Code.
36. Headings.
All headings used herein are for convenience only, are not part of this Agreement, and are not to be used in construing or interpreting any
aspect of this Agreement.

37. Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute one and the
same instrument

Disclosure Acknowledgements and Elections.

1.CUSTOMER ACKNOWLEDGEMENTS, CONSENTS, AND ELECTIONS
(a)Risk Disclosure Acknowledgement - Customer expressly acknowledges and agrees that Customer has received from NinjaTrader,
read and understands the Risk Disclosure Statement for Futures and Options (which includes disclosure required by CFTC Regulations
1.55, 30.6, 33.7, and 190.10(c)), and the additional disclosures, notices, and consents as provided in the Risk Disclosure Addendum to
this Agreement.

✔Agreed

(b) Cross Trade Consent. Customer agrees that NinjaTrader, and its managing directors, officers, employees, affiliates, agents and
floor
brokers where acting on NinjaTrader behalf, may take the other side of any Contract for the Account, subject to the Contract being
executed at the prevailing price and in accordance with Applicable Law.

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✔Agreed

IN WITNESS WHEREOF, NinjaTrader and Customer have executed this Futures Agreement by their duly authorized signatory

✔I acknowledge and agree with the Customer Agreement mentioned above.

Name Jefferson Vladimir Huapaya Chavez

User Id Google:118058874698716729911:NTB ID: 2024500308

Datetime Signed Apr 10, 2024, 6:36:06 PM

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