Common use of Account Authorization Clause in Contracts

Account Authorization. Limited Discretionary Trading Authorization With respect to the Account, the Client hereby grants to Nepsis® limited discretionary trading authority with respect to the purchase and sale of no-load mutual funds, load mutual funds purchased at net asset value (i.e. with no sales charge), stocks, bonds, variable annuity sub-accounts, and other unit investment trust type securities that can be purchased with no sales charge in the account. The Client appoints Nepsis® as the Client’s agent and attorney-in-fact with respect to this trading authorization. This authorization does not allow Nepsis® to withdraw funds from the Account, except for the purpose of withdrawing fees. Miscellaneous Authorization In no event shall Nepsis® be obligated to effect any transaction for the Client which Nepsis® believes would be in violation of state or federal law, rule or regulation, or any regulatory or self-regulating body’s rules or regulations. The Account trading authorization contained herein is a continuing one and shall remain in full force and effect and is relied upon by Nepsis® until receipt of a written notice of termination or change is received from the Adviser on behalf of the Client. It is expressly understood by the parties that the Client retains the right to vote all proxies, which are solicited for securities held in the Account and that Nepsis® and Adviser shall have no responsibility to vote proxies for securities in Client’s Account. Additionally, Nepsis® shall not take any action or render any advice as to received materials relating to any class action lawsuits involving securities held in Client’s Account. Nepsis® will, under such circumstances, promptly forward any such class action material to Adviser. Use of Sub-Advisers The Adviser may use sub-adviser(s) in the management of the Client’s Account, including without limitation, Nepsis®. When intending to do so, the Adviser will provide the Client with the Form ADV Part 2 disclosure brochures of the sub-adviser at the same time as this agreement. The sub-adviser(s) will trade a portion of the Account and will do so using the same limited discretionary trading authority as appointed to Nepsis® above. For these services, the sub-adviser (s) will receive a portion of the collected advisory fee.

Account Authorization. Limited Discretionary Trading Authorization With respect to the Account, the Client hereby grants to Nepsis® Nepsis limited discretionary trading authority with respect to the purchase and sale of no-load mutual funds, load mutual funds purchased at net asset value (i.e. with no sales charge), stocks, bonds, variable annuity sub-accounts, and other unit investment trust type securities that can be purchased with no sales charge in the account. The Client appoints Nepsis® Nepsis as the Client’s agent and attorney-in-fact with respect to this trading authorization. This authorization does not allow Nepsis® Nepsis to withdraw funds from the Account, except for the purpose of withdrawing fees. Miscellaneous Authorization In no event shall Nepsis® Nepsis be obligated to effect any transaction for the Client which Nepsis® Nepsis believes would be in violation of state or federal law, rule or regulation, or any regulatory or self-regulating body’s rules or regulations. The Account trading authorization contained herein is a continuing one and shall remain in full force and effect and is relied upon by Nepsis® Nepsis until receipt of a written notice of termination or change is received from the Adviser on behalf of the Client. It is expressly understood by the parties that the Client retains the right to vote all proxies, which are solicited for securities held in the Account and that Nepsis® Nepsis and Adviser shall have no responsibility to vote proxies for securities in Client’s Account. Additionally, Nepsis® Nepsis shall not take any action or render any advice as to received materials relating to any class action lawsuits involving securities held in Client’s Account. Nepsis® Nepsis will, under such circumstances, promptly forward any such class action material to Adviser. Use of Sub-Advisers The Adviser may use sub-adviser(s) in the management of the Client’s Account, including without limitation, Nepsis®. When intending to do so, the Adviser will provide the Client with the Form ADV Part 2 disclosure brochures of the sub-adviser at the same time as this agreement. The sub-adviser(s) will trade a portion of the Account and will do so using the same limited discretionary trading authority as appointed to Nepsis® Nepsis above. For these services, the sub-adviser (s) will receive a portion of the collected advisory fee.