Common use of Schedule of Basis of Compensation for Loan Clause in Contracts

Schedule of Basis of Compensation for Loan. The compensation to Counterparty will be in the form of a Loan Fee, which will be credited daily. The Loan Fee is calculated as 15% of the net proceeds earned and received by Apex for relending Counterparty’s shares. The remaining 85% of the net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation as well as the compensation to the introducing firm. The percentages may be changed by Apex in Apex’s sole discretion. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program.

Schedule of Basis of Compensation for Loan. The compensation paid to Counterparty will be in the form of a Loan Fee, which will be credited dailyaccrued on a daily basis. The Loan Fee is calculated as 15% of the net proceeds earned and received by Apex for relending Counterparty’s shares. The remaining 85% of the net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation as well as the compensation to the introducing firmbroker. The percentages may be changed by Apex in Apex’s sole discretion. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program.

Schedule of Basis of Compensation for Loan. The compensation to Counterparty will be in the form of a Loan Fee, which will be credited daily. The Loan Fee is calculated as 1530% of the net proceeds earned and received by Apex for relending Counterparty’s shares. The remaining 8570% of the net proceeds earned and received by Apex for relending the shares will be kept by Apex as its compensation as well as the compensation to the introducing firm. The percentages may be changed by Apex in Apex’s sole discretion. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred. For more information, Counterparty should refer to the document entitled Important Disclosures Regarding Risks and Characteristics of Participating in Apex Clearing Corporation’s Fully-Paid Securities Lending Program.