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Account Name:CUSTOMER ACCOUNT D OCUMENTSCUSTOMER SUPPORT HELP DESK312-431-1901T RANSACT FUTURES21805 W Field PkwySuite 360Deer Park, IL 60010MAIN : 312-341-9090FAX: 312-341-9560(TRANSACT FUTURES is a Division of YORK B USINESS ASSOCIATES, L.L.C.)60508
TRANS ACT F UTURESTABLE OF CONTENTSRISK DISCLOSURE STATEMENT FOR FUTURES AND OPTIONS . 2ELECTRONIC TRADING AND ORDER ROUTING SYSTEMS. 4DISCLOSURE STATEMENT . 4CUSTOMER APPLICATION – GENERAL SECTION . 5CUSTOMER APPLICATION – ACCOUNT SECTION. 6CUSTOMER APPLICATION – FINANCIAL SECTION . 7CUSTOMER AGREEMENT . 8ACKNOWLEDGEMENT OF RECEIPT OF RISK DISCLOSURE STATEMENTS. 15AUTHORIZATION FOR TRANSACTIONS IN WHICH TRANSACT MAY BE ON THE OTHER SIDE . 16CONSENT TO ELECTRONIC TRANSMISSION OF STATEMENTS. 16CONSENT TO JURISDICTION (MUST BE SIGNED BY ALL ACCOUNTS). 17ARBITRATION AGREEMENT. 18FORM OF RESOLUTIONS FOR CORPORATION’S BOARD OF DIRECTORS . 19PARTNERSHIP ACCOUNT AGREEMENT . 20FORM OF LIMITED LIABILITY COMPANY AUTHORIZATION. 21FORM W-9. 22FORM W-8. 23DISCRETIONARY ACCOUNT TRADING AUTHORIZATION. 24ACCOUNT MANAGER ACKNOWLEDGMENT . 25NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS. 26
RISK DISCLOSURE STATEMENTThe risk of loss in trading commodity futures contracts can be substantial. You should, therefore, carefullyconsider whether such trading is suitable for you in light of your circumstances and financial resources. You shouldbe aware of the following points:(1) You may sustain a total loss of the funds that you deposit with your broker to establish or maintain a positionin the commodity futures market, and you may incur losses beyond these amounts. If the market moves against yourposition, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on shortnotice, in order to maintain your position. If you do not provide the required funds within the time required by yourbroker, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account.(2) The funds you deposit with a futures commission merchant for trading futures positions are not protected byinsurance in the event of the bankruptcy or insolvency of the futures commission merchant, or in the event your fundsare misappropriated.(3) The funds you deposit with a futures commission merchant for trading futures positions are not protected bythe Securities Investor Protection Corporation even if the futures commission merchant is registered with theSecurities and Exchange Commission as a broker or dealer.(4) The funds you deposit with a futures commission merchant are generally not guaranteed or insured by aderivatives clearing organization in the event of the bankruptcy or insolvency of the futures commission merchant, orif the futures commission merchant is otherwise unable to refund your funds. Certain derivatives clearingorganizations, however, may have programs that provide limited insurance to customers. You should inquire of yourfutures commission merchant whether your funds will be insured by a derivatives clearing organization and youshould understand the benefits and limitations of such insurance programs.(5) The funds you deposit with a futures commission merchant are not held by the futures commissionmerchant in a separate account for your individual benefit. Futures commission merchants commingle the fundsreceived from customers in one or more accounts and you may be exposed to losses incurred by other customers ifthe futures commission merchant does not have sufficient capital to cover such other customers' trading losses.(6) The funds you deposit with a futures commission merchant may be invested by the futures commissionmerchant in certain types of financial instruments that have been approved by the Commission for the purpose ofsuch investments. Permitted investments are listed in Commission Regulation 1.25 and include: U.S. governmentsecurities; municipal securities; money market mutual funds; and certain corporate notes and bonds. The futurescommission merchant may retain the interest and other earnings realized from its investment of customer funds. Youshould be familiar with the types of financial instruments that a futures commission merchant may invest customerfunds in.(7) Futures commission merchants are permitted to deposit customer funds with affiliated entities, such asaffiliated banks, securities brokers or dealers, or foreign brokers. You should inquire as to whether your futurescommission merchant deposits funds with affiliates and assess whether such deposits by the futures commissionmerchant with its affiliates increases the risks to your funds.(8) You should consult your futures commission merchant concerning the nature of the protections available tosafeguard funds or property deposited for your account.(9) Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur,for example, when the market reaches a daily price fluctuation limit (“limit move”).(10) All futures positions involve risk, and a “spread” position may not be less risky than an outright “long” or“short” position.
(11) The high degree of leverage (gearing) that is often obtainable in futures trading because of the smallmargin requirements can work against you as well as for you. Leverage (gearing) can lead to large losses as well asgains.(12) In addition to the risks noted in the paragraphs enumerated above, you should be familiar with the futurescommission merchant you select to entrust your funds for trading futures positions. The Commodity Futures TradingCommission requires each futures commission merchant to make publicly available on its Web site firm specificdisclosures and financial information to assist you with your assessment and selection of a futures commissionmerchant. Information regarding this futures commission merchant may be obtained by visiting our Web site,www.transactfutures.com.ALL OF THE POINTS NOTED ABOVE APPLY TO ALL FUTURES TRADING WHETHER FOREIGN ORDOMESTIC. IN ADDITION, IF YOU ARE CONTEMPLATING TRADING FOREIGN FUTURES OR OPTIONSCONTRACTS, YOU SHOULD BE AWARE OF THE FOLLOWING ADDITIONAL RISKS:(13) Foreign futures transactions involve executing and clearing trades on a foreign exchange. This is the caseeven if the foreign exchange is formally “linked” to a domestic exchange, whereby a trade executed on one exchangeliquidates or establishes a position on the other exchange. No domestic organization regulates the activities of aforeign exchange, including the execution, delivery, and clearing of transactions on such an exchange, and nodomestic regulator has the power to compel enforcement of the rules of the foreign exchange or the laws of theforeign country. Moreover, such laws or regulations will vary depending on the foreign country in which thetransaction occurs. For these reasons, customers who trade on foreign exchanges may not be afforded certain of theprotections which apply to domestic transactions, including the right to use domestic alternative dispute resolutionprocedures. In particular, funds received from customers to margin foreign futures transactions may not be providedthe same protections as funds received to margin futures transactions on domestic exchanges. Before you trade, youshould familiarize yourself with the foreign rules which will apply to your particular transaction.(14) Finally, you should be aware that the price of any foreign futures or option contract and, therefore, thepotential profit and loss resulting therefrom, may be affected by any fluctuation in the foreign exchange rate betweenthe time the order is placed and the foreign futures contract is liquidated or the foreign option contract is liquidated orexercised.THIS BRIEF STATEMENT CANNOT, OF COURSE, DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF THECOMMODITY MARKETS.
ELECTRONIC TRADING AND ORDER ROUTING SYSTEMSDISCLOSURE STATEMENTElectronic trading and order routing systems differ from traditional open outcry pit trading and manual order routingmethods. Transactions using an electronic system are subject to the rules and regulations of the exchange(s) offeringthe system and/or listing the contract. Before you engage in transactions using an electronic system, you shouldcarefully review the rules and regulations of the exchange(s) offering the system and/or listing contracts you intendto trade.DIFFERENCES AMONG ELECTRONIC TRADING SYSTEMSTrading or routing orders through electronic systems varies widely among different electronic systems. You shouldconsult the rules and regulations of the exchange offering the electronic system and/or listing the contract traded ororder routed to understand, among other things, in the case of trading systems, the system’s order matchingprocedure, opening and closing procedu res and prices, error trade policies, and trading limitations or requirements;and in the case of all systems, qualifications for access and grounds for termination and limitations on the types oforders that may be entered into the system. Each of these matters may present different risk factors with respect totrading on or using a particular system. Each system may also present risks related to the system access, varyingresponse times, and security. In the case of internet -based systems, there may be additional types of risks related tosystem access, varying response times and security, as well as risks related to service providers and the receipt andmonitoring of electronic mail.RISKS ASSOCIATED WITH SYSTEM FAILURETrading through an electronic trading or order routing system exposes you to risks associated with system orcomponent failure. In the event of system or component failure, it is possible that for a certain time period, you maynot 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.SIMULTANEOUS OPEN OUTCRY PIT AND ELECTRONIC TRADINGSome contracts offered on an electronic trading system may be t raded electronically and through open outcry duringthe same trading hours. You should review the rules and regulations of the exchange offering the system and/orlisting the contract to determine how orders that do not designate a particular process willbe executed.LIMITATION OF LIABILITYExchanges offering an electronic trading or order routing system and/or listing the contract may have adopted rulesto limit their liability, the liability of FCMs, and software and communication system vendors and the amount ofdamages you may collect for system failure and delays. These limitations of liability provisions vary among theexchanges. You should consult the rules and regulations of the relevant exchange(s) in order to understand theseliability limitat ions.* Each exchange’s relevant rules are available upon request from the industry professional with whom you have an account. Some exchange’srelevant rules also are available on the exchange’s internet home page.60508Page 4
CUSTOMER APPLICATION – GENERAL SECTIONIMPORTANT INFORM ATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNTFederal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.What this means to you: When you open an account, we will ask for your name, address, date of birth and other information that willallow us to identify you. We may also ask to see your driver’s license or other identifying documents. Driver’s LicensePassportLLC - Articles of Formation and Operating AgreementCorporations - Articles of Incorporation and Corporate BylawsPartnerships - Partnership AgreementTrust - Trust AgreementCertification letter from the Department of StateListing owners who own 10% or more with social security number and addressFinancialsAccount NameSocial Security # or Fed. Tax ID#Account Mailing AddressTelephone Number(s)CityStateZip CodePersonal Account Types m Individualm Jointm IRAm TrustAccount Type:CountryCorporate Account Types m Limited Liability Corporation (LLC)m Partnershipm CorporationOccupation (Ind) / Business Purpose (Corp):Number of Years ExperienceTrading Commodity Futures :Employer:Age:Please List Brokerage Firms at Which You Currently Maintain or Have Previously Maintained Investments:Circle “C” for Commodities; “S” for Securities; “B” for Both — Circle “A” for Active; “I” for Inactive:(Brokerage Firm)(City, State)(Account Type)(Active/Inactive)(Avg. Equity)1.C S BA I 2.C S BA I 3.C S BA I (Account No.)Is the customer, any principal or any affiliate:(1) A member of the NFA or any exchange?(2) Registered with the CFTC or NFA?(3) An employee of or related to any employee of any brokeragefirm, the CFTC, NFA, or any exchange?Yes.( ) No.( )Yes.( ) No.( )Yes.( ) No.( )If Yes, Please explain:Continued 60508Page 5
CUSTOMER APPLICATION – ACCOUNT SECTIONTrading Objective:If Hedge Account, what is the nature of your alermUsermOther (Explain):If Hedge Account, indicate the type(s) of commodities to behedged:m Financial Instruments/Currencies (specify):mMetals (specify):mAgricultural Products (specify):mStock indices (specify):mNature of Trading:mDiscretionary AccountA Discretionary Account is an arrangement by anaccount holder who gives written power of attorneyto another to make buying and selling decisionswithout notification to the holder.Other:If Discretionary, who maintains the Power of Attorn ey?Name:Address:City: State: Zip:mNon-Discretionary AccountIf Non-discretionary, what will be the primary basis of your trading decisions?mmmOwn ResearchAdvice of BrokerOther:Continued 60508Page 6
CUSTOMER APPLICATION – FINANCIAL SECTIONFINANCIAL INFORMATION (O PTIONAL)The attached financial statements are:Audited. mUnaudited.mAs of (Month/Day/Year).(/ /)Customer’s Fiscal Year Ends (Month/Day/Year).(/ /)Bank Accounts and Money Market Funds:Financial InstitutionCity, StateAccount NumberAccount Type1.2.3.Bank Reference:Name & AddressContactTelephone No.Account No.Trade References:Name & AddressContactTelephone No.Account No.FINANCIAL PROFILE (REQUIRED)Estimated Annual IncomeqqqqUnder 20,000 20,000 – 50,000 50,001 – 100,000Over 100,000Estimated Net WorthqqqqqUnder 50,000 50,000 – 100,000 100,001 – 250,000 250,001 – 500,000Over 500,000Does anyone else have a financial interest in, guarantee, orcontrol of this account?m Nom YesEstimated Liquid Net Worth(excluding residence)qqqqqFederal Tax BracketUnder 50,000 50,000 – 100,000 100,001 – 250,000 250,001 – 500,000Over 500,000qqq15%20%Over 28%If Yes, then who, and describ e relationship: Name:Address:City:State:Zip:Relationship:Has the customer or any principal currently, or wi thin the last three years been involved in any investigations or court proceedings including bankruptcy involving anygovernmental or regulatory agency or private party?m Nom YesIf Yes, Please explain:(Attach separate sheet if necessary.)THE UNDERSIGNED HAS REVIEWED THE INFORMATION CONTAINED ON THIS APPL ICATION AND VERIFIES THAT IS TRUE AND CORRECT,AND FURTHER AGREES TO PROMPTLY NOTIFY TRANSACT FUTURES OF ANY MATERIAL CHANGES TO THE INFORMATION PROVIDED ONTHIS FORM.Date:Name of Account:Customer Signature:Customer Signature:60508Page 7
CUSTOMER AGREEMENTAccompanying this Customer Agreement is a “Risk Disclosure Statement for Futures” which is required to beprovided to you by the Commodity Futures Trading Commission (“CFTC”). Please read the Risk DisclosureStatement carefully before signing the related acknowledgments contained herein.In consideration of TRANS A CT F UTURES , a division of Y ORK BUSINESS A SSOCIATES , L.L.C. (“TRANSACT”) actingas broker with respect to one or more accounts (the “Account”) for the undersigned (“Customer”), Customer herebyagrees that all transactions which TRANSACT may agree to execute or clear for or carry in Customer’s Account forthe purchase or sale of commodities (including, without limitation, currencies, financial instruments, and indices),whether for immediate delivery, deferred delivery or for delivery or cash settlement under the terms of futurescontracts, including foreign futures, options on futures, cash commodities, security futures, and any similarinstrument (collectively “Commodity Interests”), shall be subject to the following terms and conditions:1. AUTHORIZATIONCustomer authorizes TRANSACT to (a) purchase and sellCommodity Interests upon Customer’s oral, written or electronicinstructions; and (b) employ any clearing members and floorbrokers as Customer’s agents in connection with the execution,clearing, carrying, delivery and settlement of any suchtransactions. TRANSACT shall not be responsible to Customer inany case for a floor broker’s inability to execute orders.TRANSACT shall not be responsible in any way for floor brokersselected by Customer. If this is a joint account, ”Customer” shallrefer to each account owner. All obligations arising hereundershall be joint and several and may be enforced by TRANSACTagainst any or all account owners. Each account owner shall havefull authority to act on behalf of the account and Customerauthorizes TRANSACT to follow the instructions of any accountowner as if such person were the sole account owner.All orders placed by Customer may be executed on any exchangeor other market where such business is transacted and, unlessotherwise instructed, TRANSACT or its agent is authorized toexecute such orders upon any exchange or other market that, in thediscretion of TRANSACT or such agent, may be deemed to bemost desirable.Customer shall be bound by, and TRANSACT may rely on and actin accordance with, any oral or written instructions whichTRANSACT believes, in good faith, to have been given byCustomer or an authorized employee, agent, officer or otherrepresentative of Customer. TRANSACT may maintain a list inany form it deems fit and continue to rely upon authorizedsignatures provided by Customer and contained in any such listunless and until it receives written notification of any change.Customer agrees that all telephone conversations withTRANSACT may, without further warning, be recorded and maybe used as evidence in the event of any dispute. Such recordingswill be and remain the sole property of TRANSACT and will, inthe absence of manifest error, be accepted by Customer asevidence of the orders, instructions, communications orconversations so recorded. The period of retention of suchrecordings shall be at the sole discretion of TRANSACT.2. SUBJECT TO EXCHANGE RULES AND LAWAll transactions by TRANSACT on Customer’s behalf shall besubject to the applicable constitution, by-laws, rules, resolutions,regulations, customs, usages, rulings and interpretations of theexchange or other market, and any applicable clearinghouse onwhich such transactions are executed or cleared (collectively the“Exchange”) by TRANSACT or its agent for Customer’s Account,and to all applicable governmental acts and statutes and to rulesand regulations made thereunder. TRANSACT shall not be liableto Customer as a result of any action taken by TRANSACT or itsagent to comply with any of the foregoing. Any failure by120717TRANSACT to comply with any of the foregoing shall not relieveCustomer of any obligations under this agreement nor be construed tocreate rights hereunder in favor of Customer against TRANSACT.3. COMMISSIONS, FEES AND OTHER CHARGESCustomer agrees to pay such brokerage, commission and accountcharges and fees as TRANSACT may establish and change from time totime. Customer authorizes TRANSACT to withdraw from the Account:(a) brokerage and commission charges on any transactions executed byTRANSACT or its agent on Customer’s behalf (including, withoutlimitation, the purchase or sale of a Commodity Interest and theexercise or offset of an option) at such rate as is agreed upon byTRANSACT and Customer from time to time; (b) any costs or expensesincurred in connection with the execution of any such transaction,including, without limitation, any charges imposed by an Exchange,clearinghouse or regulatory body, taxes imposed by a governmentalauthority, charges for providing additional account statements andcharges for research or responding to governmental inquiries orinvestigations; (c) any deficit balances in Customer’s account as wellas interest on any such deficit balances at the rate of two percent (2%)per annum over the prime rate in effect from time to time as listed inThe Wall Street Journal; (d) Customer’s account will be charged a dailymargin deficit service charge of 0.005 times the daily margin deficitbalance subject to a 25 minimum (This charge will be calculated andpaid on a daily basis.); (e) a foreign conversion fee of up to 2% of thefunds converted; (f) an administration fee of 35 per month if accountis inactive; (g) an administration fee of 30 for any domestic wiretransfers and 50 for any foreign wire transfers; (h) an incomingdeposit fee of 12.50 for any deposits 2,500 or less; (i) any othercharges agreed upon between Customer and TRANSACT; and(j) TRANSACT’s attorneys’ fees and costs incurred in collectingamounts due under this Agreement or in defending against any claimbrought by Customer in any suit, arbitration or reparations proceeding.4. TREATMENT OF FUNDSCustomer opens at least two accounts on the books of the TRANSACT. Onedesignated as Regulated (Segregated) where all transactions designated asregulated by the Commodity Futures Trading Commissions (“CFTC”) will becarried and the other designated Nonregulated (Secured) where deliveriesand/or transaction on foreign exchanges, if any, will be carried. TRANSACTis hereby authorized to transfer funds as it deems necessary between theseaccounts. Further, if the Customer has more than one Regulated and/orNonregulated account or has a joint account, from time to time, TRANSACT,in its sole discretion and without prior notice to Customer, may apply ortransfer (including segregated funds or other property) interchangeablybetween any of the Customer account at TRANSACT or an affiliate ofTRANSACT as may be necessary for margin or to satisfy or reduce anydeficit or debit balance in any Customer account.Page 1
5. MARGINCustomer agrees to deposit and maintain in the Account originaland variation margin or collateral and option premiums, asrequired by TRANSACT from time to time in its discretion. IfTRANSACT determines that additional margin is required,Customer agrees to deposit such additional margin upon demandwithin a reasonable time. For purposes of this Agreement,"reasonable time" shall ordinarily mean within one hour ofdemand, but may be less if market conditions so warrant.Customer acknowledges and agrees that margin requirementsestablished by TRANSACT for Customer’s Account may bechanged in the discretion of TRANSACT at any time and mayexceed the margin required of TRANSACT by an Exchange or themargin required by TRANSACT of its other customers. Noprevious margin requirement shall establish any precedent norshall TRANSACT be bound by any previous requirement. Ifrequested by TRANSACT, all margin deposits shall be madeimmediately by bank wire transfer, and Customer shall provideTRANSACT with any information requested by TRANSACT toconfirm such transfers. TRANSACT shall not be liable toCustomer for the loss of any property belonging to Customerwhich results, directly or indirectly, from the bankruptcy,insolvency, liquidation, receivership, custodianship, or assignmentfor the benefit of creditors of any bank, clearing broker,Exchange, clearing organization or other entity.(g) TRANSACT determines, in its sole discretion, that the collateral ormargins deposited with TRANSACT to secure Customer’s position areinadequate; (h) TRANSACT determines, in its sole discretion, thatliquidation of Customer’s Account is necessary for TRANSACT’s ownprotection; or (i) TRANSACT learns that Customer, if an individual,has died or declared legally incompetent. Any such sale, purchase orcancellation may be made at TRANSACT’s sole discretion on theExchange where such business is transacted, at public auction or byprivate sale, without advertising the same. Customer shall remainliable for the amount of any deficiency resulting from any transactiondescribed above. In the event the proceeds realized pursuant to thisauthorization are insufficient for the payment of all liabilities ofCustomer due to TRANSACT, Customer promptly shall pay, upondemand, the deficit and all unpaid liabilities, together with interestthereon and all costs of collection including reasonable attorneys’ fees.Customer agrees to pay all expenses, including attorneys’ fees, incurredby TRANSACT to collect any debit balances in Customer’s account orto defend any unsuccessful claim Customer may bring againstTRANSACT.In the event of any of the occurrences stated above or if TRANSACTbelieves, in its sole and absolute discretion, that execution of anyCustomer order would contravene any applicable law or Exchange ruleor would otherwise be inappropriate, TRANSACT may delay or refuseto execute any order to purchase or sell Commodity Interests forCustomer’s Account.6. SECURITY INTEREST8. ELECTRONIC TRADINGAny and all securities, Commodity Interests, cash or otherproperty belonging to Customer and held by TRANSACT or itsagent shall be subject to a general lien and security interest for thedischarge of Customer’s obligations to TRANSACT. The term“property” as used herein means securities of any kind, monies,Commodity Interests, and any other property at any time held inCustomer’s Account or otherwise by TRANSACT.TRANSACT may in its discretion make available to Customer anelectronic trading system for trading certain Commodity Interests (the“System”) under the terms and conditions stated in this Agreement.Customer understands that the System may be accessed through theInternet LAN, or in some instances, by direct dial. Some of theinformation available on the System may be produced by TRANSACT,and some may be provided by various independent sources believed tobe reliable (“Information Providers”). Customer acknowledges that theaccuracy, completeness, timeliness, and correct sequencing of theinformation concerning Customer’s trading and Account activity, thequotes, market and trading news, charts, trading analysis and strategies,and other information that may be added from time to time,(collectively referred to as the “Information,”) is not guaranteed byTRANSACT or the Information Providers. Customer agrees thatneither TRANSACT nor the Information Providers shall have anyliability for the accuracy, completeness, timeliness or correctsequencing of the Information or for any decision made or action takenby Customer in reliance upon the Information or the System, or for anyinterruption of any Information provided by the System, or for anyaspect of the System.Except as prohibited by CFTC regulations, all property now orhereafter held or carried by TRANSACT for Customer may, fromtime to time, without notice to Customer, be pledged,hypothecated, loaned or invested by TRANSACT to or withTRANSACT or others, separately or with any other property.TRANSACT shall not be required to retain in its possession fordelivery a like amount of, or to pay interest or to account toCustomer for any profits on, such property. All transactions for oron Customer’s behalf shall be deemed to be included in a singleAccount whether or not such transactions are segregated onTRANSACT’s records into separate accounts, either severally orjointly with others.7. LIQUIDATIONCustomer acknowledges and agrees that TRANSACT may closeout Customer’s open Commodity Interests in whole or in part, buyor sell Commodity Interests or other property to create a spread,roll Customer’s position or otherwise hedge Customer’s position,sell any or all of Customer’s property held by TRANSACT, buyany securities or other property for Customer’s Account to coverexisting short positions, and cancel any outstanding orders andcommitments made by TRANSACT on behalf of Custo
60508 Account Name: _ CUSTOMER ACCOUNT D OCUMENTS CUSTOMER SUPPORT HELP DESK 312-431-1901 TRANSACT FUTURES 21805 W Field Pkwy Suite 360 Deer Park, IL 60010 MAIN: 312-341-9090 FAX: 312-341-9560 (TRANSACT FUTURES is a Division of YORK B USINESS ASSOCIATES, L.L.C.)
