Vision, LP

1 Whitehall Street, Suite #1500

New York, NY 10004 

Gentlemen,

            The undersigned hereby authorizes Vision, LP and it successors to debit (charge) my account an administration fee of six percent (6%) to be paid to Excel Futures, Inc. when my discretionary account is opened.  

Date: _______________________

Signature: _____________________________

Print Name: ____________________________

Signature (if Joint): _______________________________

Print Name: ____________________________