Common use of SEC Disciplinary Orders Clause in Contracts

SEC Disciplinary Orders. Are you subject to any order of the Securities and Exchange Commission (“SEC”) that currently: ☐ suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser; ☐ places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or ☐ bars you from being associated with any entity or from participating in the offering of any xxxxx stock?1 ☐ Yes. If yes, please explain: ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ☐ No. 1 A disqualification based on a suspension or limitation of activities expires when the suspension or limitation expires.

SEC Disciplinary Orders. Are you subject to any order of the Securities and Exchange Commission (“SEC”) that currently: ☐ suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser; ☐ places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or ☐ bars you from being associated with any entity or from participating in the offering of any xxxxx stock?1 ☐ Yes. If yes, please explain: ______________________________________________________________________ _____________________________________________________________________________________________ ____________________________________________________________________________________ ______________________________________________________ ☐ No. _______________________________ ☐ No. 1 A disqualification based on a suspension or limitation of activities expires when the suspension or limitation expires.

SEC Disciplinary Orders. Are you subject to any order of the Securities and Exchange Commission (“SEC”) that currently: ☐ suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser; ☐ places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or ☐ bars you from being associated with any entity or from participating in the offering of any xxxxx stock?1 ☐ ☐Yes. If yes, please explain: _____________________________________________________________________________________________ _____________________________________________________________________________________________ _____________________________________________________________________________________________ ☐ ☐No. . _______________________________ 1 A disqualification based on a suspension or limitation of activities expires when the suspension or limitation expires.

SEC Disciplinary Orders. Are you subject to any order of the Securities and Exchange Commission (“SEC”) that currently: ☐ ¨ suspends or revokes your registration as a broker, dealer, municipal securities dealer or investment adviser; ☐ ¨ places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or ☐ ¨ bars you from being associated with any entity or from participating in the offering of any xxxxx pxxxx stock?1 ☐ ¨ Yes. If yes, please explain: ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ ☐ ¨ No. 1 A disqualification based on a suspension or limitation of activities expires when the suspension or limitation expires.