Authorization to Proceed Form

This electronic form is used in place of the paper Authorization Form typically included with a "hard-copy" report when sent.

The recently submitted report indicated below recommends the sale and/or purchase of various investments in your existing portfolio(s) based upon the information and analysis contained therein.

*Check the report that applies:

Interim Recommendation
Quarterly Performance and Rebalancing Report
Financial Plan and Portfolio Allocation Report

By digitally signing below you agree that:

1. You have read the entire report, E-mail, or letter.
2. You understand the inherent risks of investing and that future, anticipated results are not guaranteed. A possibility exists that you may lose all or a part of your principal investment.
3. As a result of the sales and/or purchase and/or modifications recommended in the report certain transaction fees (not fees payable to Caratel) might be incurred by you.
4. There may be income and/or capital gains tax ramifications associated with implementing these modifications.
5. You have had all of your questions in regard to these recommendations answered to your satisfaction.
6. You agree with the recommendations being made.
7. You authorize Caratel Financial Services, Inc. to begin implementation of these recommendations. Should interim information become available, you authorize Caratel to substitute, in Caratel's sole discretion, a different investment from that recommended.
8. You reaffirm:
   1. authorization for all previous portfolio modifications performed, and,
   2. the terms of your most recently executed Client Agreement with Caratel, all of which is incorporated herein by reference.

*indicates required fields

*Please type your first and last name(s). If a couple please type ALL names:

*Please enter your email address:

Please note any detail, clarifications and/or limitations below:

By clicking on the "Authorize" button your instructions will be transmitted to Caratel with the recommended modifications occurring shortly thereafter.