1. To Alliance Investment Management - The undersigned has instructed his or her broker/dealer to establish on behalf of the undersigned and as the undersigner's agent, an account with you. The undersigned has appointed his or her broker/dealer as exclusive agent to act for and on behalf of the undersigned with respect to all matters regarding the undersigner's account with youluding but not limited to the placing of securities purchase and sale orders and delivery of margin and option instructions, if authorized, for the undersigner's account. The undersigned acknowledges that no fiduciary relationship exists. You shall solely look to the undersigner's broker/dealer and not to the undersigned with respect to such orders and instructions; and you are hereby instructed to deliver online statements, and all written or other notices including margin maintenance calls, if applicable, with respect to the undersigner's account to the undersigner's broker/dealer. Any such communications delivered to the undersigner's broker/dealer shall be deemed to have been delivered to the undersigned. The undersigned agrees to hold you harmless from and against any losses, costs or expenses arising in connection with the delivery or receipt of any such communication(s), provided you have acted in accordance with the above. The foregoing shall be effective as to the undersigner's account until written notice to the contrary is received by you and the undersigner's broker/dealer.
2. Provisions in the event of Failure to Pay or Deliver - Whenever the undersigned does not, on or before the settlement date, pay in full for any security purchased for the account of the undersigned, or deliver any security sold for such account, you are authorized (subject to the provisions of any applicable statute, rule or (regulation), (a) until payment is made in full, to pledge, to repledge, hypothecate or rehypothecate, without notice, any or all securities which you may hold for the undersigned (either individually or jointly with others), separately or in common with other securities or commodities or any other property, for the sum then due or for a greater or lesser sum and without retaining in your possession and control for delivery a like amount of similar securities, and /or (b) to sell any or all securities which you may hold for the undersigned (either individually or jointly with others), or to buy in any or all securities required to make delivery for the account of the undersigned, or to cancel any or all outstanding orders or commitments for the account of the undersigned.
3. Cancellation Provisions - You are authorized, in your discretion, should the undersigned die or should you for any reason whatever deem it necessary for your protection, without notice, to cancel any outstanding orders in order to close out the accounts of the undersigned, in whole or in part, or to close out any commitment made on behalf of the undersigned.
4. General Provisions - Any sale, purchase or cancellation authorized hereby may be made according to your judgment and at your discretion on the exchange or other market where such business is then usually transacted, or at public auction, or at private sale without advertising the same and without any notice, prior tender, demand or call; and you may purchase the whole or any part of such securities free from any right of redemption, and the undersigned shall remain liable for any deficiency. It is further understood that any notice, prior tender, demand or call from you shall not be considered a waiver of any provision of this agreement. The undersigned shall include any person executing this agreement on the front thereof. "You" shall include the bank, broker or other financial institution, which opened the account of the undersigned.
5. Successors - This agreement and its provisions shall be continuous, and shall endure to the benefit of your present organization, and any successor organization or assigns, and shall be binding upon the undersigned and/or the estate, executors, administrators and assigns of the undersigned
6. Age - The undersigned if an individual represents that he or she is at least 18 years of age and is of full legal age in the state in which he or she resides.
7. Interest in Account - No one except the undersigned has an interest in any of its accounts with you unless such interest is revealed in the title of such account and in any case the undersigned has the interest indicated in such title.
8. Orders and Statements - Reports of the execution of orders and statements of the account shall be conclusive if not objected to in writing, the former within two days and the latter within ten days, after forwarding by you to the undersigned by mail or otherwise.
9. Extraordinary Events - You shall not be liable for loss or delay caused directly or indirectly by war, natural disasters, government restrictions, exchange or market rulings or other conditions beyond your control.
10. Fees and Charges - The undersigned agrees to the fees and charges on the fee schedule received by the undersigned. You may change the fee schedule from time to time.
11. Joint Accounts - If this is a joint account, unless we notify you otherwise and provide such documentation as you require, the brokerage account(s) shall be held by us jointly with rights of survivorship (payable to either or the survivor of us). Each joint tenant irrevocably appoints the other as the attorney-in-fact to take all action on his or her behalf and to represent him or her in all respects in connection with this Agreement. You shall be fully protected in acting upon the instructions of either of us. Each of us shall be liable, jointly and individually, for any amounts due to you pursuant to this Agreement, whether incurred by either or both of us.
12. Address - Communications may be sent to the undersigned at the current address of the undersigned, which is on file at your office, or at such other address as the undersigned may hereafter give you in writing. All communications so sent, whether by mail, telegraph, messenger or otherwise, shall be deemed given to the undersigned personally, whether actually received or not.
13. DISCLOSURE NOTIFICATIONS - The undersigned understands that you will disclose his or her name to issuers of securities if securities are held in the undersigner's account so that the undersigned can receive important information. If the undersigned does not consent to disclosure, he or she will notify you in writing that he or she does not consent to disclosure.
14. Recording Conversations - The undersigned understands and agrees that for our mutual protection you may electronically record any of our telephone conversations.
15. ARBITRATION DISCLOSURES
* ARBITRATION IS FINAL AND BINDING ON THE PARTIES. *THE PARTIES ARE WAIVING THEIR RIGHT TO SEEK REMEDIES IN COURTLUDING THE RIGHT TO A JURY TRIAL. *PRE-ARBITRATION DISCOVERY IS GENERALLY MORE LIMITED THAN AND DIFFERENT FROM COURT PROCEEDINGS. *THE ARBITRATOR'S AWARD IS NOT REQUIRED TO INCLUDE FACTUAL FINDINGS OR LEGAL REASONING AND ANY PARTY'S RIGHTS TO APPEAL OR TO SEEK MODIFICATION OF RULINGS BY THE ARBITRATORS IS STRICTLY LIMITED. *THE PANEL OF ARBITRATORS WILL TYPICALLY INCLUDE A MINORITY OF ARBITRATORS WHO WERE OR ARE AFFILIATED WITH THE SECURITIES INDUSTRY
16. AGREEMENT TO ARBITRATE CONTROVERSIES - IT IS AGREED THAT ANY CONTROVERSY BETWEEN US ARISING OUT OF YOUR BUSINESS OR THIS AGREEMENT SHALL BE SUBMITTED TO ARBITRATION CONDUCTED BEFORE THE Financial Services Commission OF JAMAICA. AND IN ACCORDANCE WITH ITS RULES. ARBITRATION MUST BE COMMENCED BY SERVICE UPON THE OTHER PARTY OF A WRITTEN DEMAND FOR ARBITRATION OR A WRITTEN NOTICE OF INTENTION TO ARBITRATE. NO PERSON SHALL BRING A PUTATIVE OR CERTIFIED CLASS ACTION TO ARBITRATION, NOR SEEK TO ENFORCE ANY PRE-DISPUTE ARBITRATION AGREEMENT AGAINST ANY PERSON WHO HAS INITIATED IN COURT A PUTATIVE CLASS ACTION OR WHO IS A MEMBER OF A PUTATIVE CLASS ACTIONS WHO HAS NOT OPTED OUT OF THE CLASS WITH RESPECT TO ANY CLAIMS ENCOMPASSED BY THE PUTATIVE CLASS ACTION UNTIL: (I) THE CLASS CERTIFICATION IS DENIED; (ii) THE CLASS ACTION IS DECERTIFIED; OR ( iii) THE CUSTOMER IS EXCLUDED FROM THE CLASS BY THE COURT. SUCH FORBEARANCE TO ENFORCE AN AGREEMENT TO ARBITRATE SHALL NOT CONSTITUTE A WAIVER OF ANY RIGHTS UNDER THIS AGREEMENT EXCEPT TO THE EXTENT STATED HEREIN.

MARGIN AGREEMENT

To: Alliance Investment Management ("Alliance Investment" or "you")
1. I agree as follows with respect to all of my accounts in which I have an interest alone or with others, which I have opened or will open in the future, with you for the purchase and sale of securities I hereby acknowledge that I have read, understand and agree to the terms set forth below. Upon acceptance of my application, 1 understand Alliance Investment will maintain and account for me and, as my broker, buy or sell securities or other products according to my instructions. All decisions relating to my investment or trading activity shall be made by me or my duly authorized representative. Any information I give Alliance Investment on this account agreement will be subject to verification, and I authorize you to obtain a credit report about me at any time. Upon written request Alliance Investment will provide the name and address of the credit reporting agency used. I authorize Alliance Investment and my broker/dealer to exchange credit information about me. My broker/dealer also may tape record conversations with me to verify data concerning any transactions I request, and I consent to such recording. I also understand that my account is carried by Alliance Investment and that all terms of this agreement also apply between me and Alliance Investment. I have carefully examined my financial resources, investment objectives and tolerance for risk along with the terms of this agreement and have determined that margin financing is appropriate for me. I understand that investing on margin involves extending credit to me and that my financial exposure could exceed the value of my securities.
2. I am of legal age in the state which I reside and represent that, except as otherwise disclosed to you in writing, I am not an employee of any Exchange or of a Member Firm of any Exchange or the NASD, or of a bank, trust company or insurance company, and that I will notify you promptly if I become so employed.
3. All transactions through Alliance Investment are subject to the constitution, rules, regulations, customs and usages of the exchange, market or clearing house where executed, as well as to any applicable laws, rules and regulations.
4. Any and all credit balances, securities or contracts relating thereto, and all other property of whatsoever kind belonging to me or in which I may have an interest held by you or carried for my accounts shall be subject to a general lien for the discharge of my obligations to you (including unmatured and contingent obligations) however arising and without regard to whether or not you have made advances with respect to such property and without notice to me may be carried in your general loans and all securities may be pledged, repledged. hypothecated or rehypthecated, separately or in common with other securities or other property, for the sum due to you thereon or for a greater notice to me, apply and/or transfer any securities, contracts relating thereto, cash or any other property therein, interchangeably between any of my accounts, whether individual or joint from any or my accounts to any account guaranteed by me. You are specifically authorized to transfer to my cash account, on the settlement day following a purchase made in that account, excess funds available in any of my other account including but not limited to any free balances in any margin account, sufficient to make full payment of this cash purchase I agree that any debit occurring in any of my other accounts may be transferred by you at your option to my margin account.
5. I will maintain such margins as you may in your discretion require from time to time and will pay on demand any debit balance owing with respect to any of my accounts. I will be liable to you for any deficiencies in such account in the event of the liquidation of such accounts, in whole or in part, by you or the undersigned. Whenever in your discretion you deem it desirable for your protection (and without the necessity or a margin call) including but not limited to extreme market volatility or trading volumes, an instance where a petition in bankruptcy or for the appointment of a receiver is filed by or against me, or an attachment is levied against my account, or in the event of notice of my death or incapacity, or in compliance with the orders or any Exchange, you may, without prior demand, tender, and without any notice of the time or place of sale, all of which are expressly waived, sell any or all securities or contracts relating thereto which may be in your possession, or which you may be carrying for me, or buy any securities or contracts relating thereto of which my account or accounts may be short, in order to close out in whole or in part any commitment in my behalf or you may place stop orders with respect to such securities and such sale or purchase may be made at your discretion on any Exchange or other market where such business is then transacted, or at public auction or private sale, with or without advertising and neither any demands, calls, tenders, or notices which you may make or give in any one or more instances nor any prior course of conduct or dealings between us shall invalidate the aforesaid waivers on my part. You shall have the right to purchase for your own account any or all of the aforesaid property at such sale, discharged of any right of redemption which is hereby waived I understand that my financial exposure could exceed the value of securities in my account.
6. In the absence of a specific demand, all transactions in any of my accounts are to be paid for, securities delivered or required margin deposited, no later than noon Pacific Time on the settlement date. Alliance Investment reserves the right to cancel or liquidate at my risk any transaction not timely settled Margin calls are due on the date indicated regardless of the settlement date of the transaction. For most stocks and bonds, the settlement date is the third business day following the trade date. Settlement dates for US. Government issues vary. Options settle on the next business day. Interest will be charged on any debit balance which remains in my account past the settlement date as explained in the Disclosure of Credit Terms section of this Agreement.
7. I agree to be charged interest on any credit extended to or maintained for me by you for the purpose of purchasing, carrying or trading in any security The annual rate of interest which will be charged on net debit balances will be calculated by means of a formula based on the rate of brokers' call money published in the financial sections of newspapers The annual rate of interest is subject to change without prior notice in accordance with changes in the brokers' call money rate. With the exception of a credit balance in the short or income accounts, all other credit balances in all cash and margin accounts are combined and interest is charged to the margin account on any resulting debit balance. Interest is computed monthly on the net debit balances during the month. If during the month there is a change in interest rates, separate charges will be calculated for each interest period under the different rate. The combining of balances, as well as the actual interest calculations, are done by computer, but interest is arrived at by multiplying the net debit balance by the effective rate of interest divided by 360, times the number of days. In the event there is a decline in the market value of the securities in the margin account, you may have to request additional collateral. Generally, such a request for additional collateral will be made by you when the equity in the account falls below 35%. However, you retain the right to require additional margin at any time you deem it necessary or advisable. Any such call for additional collateral may be met by delivery of additional marginable securities or cash. Any securities in any of the accounts of the undersigned are collateral for any debit balances in the account with you. A lien is created by these debits to secure the amount of money owed you This means that, in accordance with the terms of this agreement, securities in the said accounts can be sold by you to redeem or to liquidate any debit balances in these accounts.
8. I agree that, in giving orders to sell, all "short sale" orders will be designated as "short" and all "long sale" orders will be designated as "long" and that the designation of a sell order as "long" is a representation on my part that I own the security and will deliver same to you on or before settlement date of the transaction.
9. Reports of the execution of orders and statements of my account shall be conclusive if not objected to in writing within three days and ten days, respectively, after transmittal to me by mail or otherwise.
10. All communications including margin calls may be sent to me at my address given you or at such other address as I may hereafter give you in writing, and all communications so sent, whether in writing or otherwise, shall be deemed given to me personally, whether actually received or not.
11. I am liable for payment upon demand of any debit balance or other obligation owed in any of my accounts or any deficiencies following a whole or partial liquidation, and 1 agree to satisfy any such demand or obligation. Interest will accrue on any such deficiency at prevailing margin rates until paid, I agree to reimburse Alliance Investment for all reasonable costs and expenses incurred in the collection of any debit balance or unpaid deficiency in any of my accounts including, but not limited to, attorneys' fees.
12. Alliance Investment is not liable for any losses caused directly by government restrictions, exchange or market rulings, suspension of trading or other conditions beyond its control including, but not limited to, extreme market volatility or trading volumes.
13. No waiver of any provision of this Agreement shall be deemed a waiver of any other provision, nor a continuing waiver of the provision or provisions so waived.
14. I understand that no provision of this Agreement can be amended or waived except by an officer of Alliance Investment, and that this Agreement shall continue in force until its termination by me is acknowledged in writing by an officer of Alliance Investment, or until written notice of termination by you shall have been mailed to me at my address last given you.
15. This contract shall inure to the benefit of your successors and assigns, and shall be binding on the undersigned, his heirs, executors, administrators, successors and assigns.
16. If any provision hereof is or at any time should become inconsistent with any present or future law, rule or regulation of any securities exchange, or of any sovereign government or a regulatory body thereof and if these bodies have jurisdiction over the subject matter of this Agreement, said provision shall be deemed to be superseded or modified to conform to such law, rule or regulation, but in all other respects this Agreement shall continue and remain in full force and effect.
17. If the undersigned shall consist of more than one individual, their obligations under this Agreement shall be Joint and several.
18. I understand that you will deliver margin calls and other notices to broker/dealer Alliance Investment, who acts as my agent, for the sole purpose of collection of my obligations under this agreement. I agree to the foregoing and further understand that Alliance Investment. may act on your behalf with respect to margin calls in your discretion.
19. I represent that I have read and understand the Disclosure of Credit Terms on Transactions, which follows this Agreement. I further understand the Disclosure of Credit Terms on Transactions may be amended from time to time.
20. YOU ARE HEREBY AUTHORIZED TO LEND PROPERTY WHICH MAY BE CARRYING FOR ME ON MARGIN, EITHER SEPARATELY OR TOGETHER WITH THE PROPERTY OF OTHERS, EITHER TO YOURSELVES OR TO OTHERS THIS AUTHORIZATION SHALL APPLY TO ALL ACCOUNTS CARRIED BY YOU FOR ME AND SHALL REMAIN IN FULL FORCE UNTIL WRITTEN NOTICE OR REVOCATION IS RECEIVED BY YOU AT YOUR PRINCIPAL OFFICE IN KINGSTON JA.
I REPRESENT THAT I HAVE READ THE TERMS AND CONDITIONS AS CURRENTLY IN EFFECT AND AGREE TO BE BOUND BY SUCH TERMS AND CONDITIONS AS CURRENTLY IN EFFECT AND AS MAY BE AMENDED FROM TIME TO TIME. THIS ACCOUNT IS GOVERNED BY A PRE-DISPUTE ARBITRATION CLAUSE WHICH APPEARS IN THE CUSTOMER AGREEMENT FOR MY BROKERAGE ACCOUNT. I ACKNOWLEDGE RECEIPT OF THE PRE-D1SPUTE ARBITRATION CLAUSE.

Sign X_______________________________                   Joint Sign X_______________________________