UNIFORM SURETY BOND FORM STATE OF ALABAMA ALABAMA SECURITIES COMMISSION RSA Plaza, Suite 570 770 Washington Avenue Montgomery, AL 36130-1201 Bond No. KNOW ALL PERSONS BY THESE PRESENTS: That (name and address of broker-dealer or investment adviser) as Principal, having filed with the office of the Alabama Securities Commission on or about the day of , application to transact business in this State/Commonwealth/Territory as a: , 19 and (designate whether principal is B/D or IA) (name and address of surety) as Surety, a corporation organized under the laws of the State/Commonwealth/Territory of and being duly authorized to transact the business of indemnity and suretyship in this State/Commonwealth/Territory, do hereby acknowledge our indebtedness to the State/Commonwealth/Territory of Alabama, for the use and benefit of any person(s) having a claim under the conditions of this obligation in the sum of Fifty Thousand Dollars ($50,000.00), as required by Section 8-6-3, provided, however, that the aggregate liability hereunder shall not exceed the sum of Fifty Thousand Dollars ($50,000.00) regardless of the number of claimants and shall not be construed as individual liability. LIABILITY for the payment of this sum, to which we hereby obligate and bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, becomes effective upon the following conditions: 1. Registration/Licensing of the Principal to transact business in this State as a (designate whether principal is a B/D or IA) 2. Failure by the Principal to strictly comply with all applicable provisions of, and orders, rules and regulations issued pursuant to, the applicable securities . statutes of the particular state in which such Principal is registered. THIS Bond shall expire at such time as the Principal's registration is withdrawn, terminated through non-renewal or issue revoked by the Alabama Securities Commission except as to liability for acts or omissions which occur prior to such time. This Bond may also be canceled by the Surety upon 30 days written notice by registered mail to the Principal and to the ALABAMA SECURITIES COMMISSION in which case this Bond shall be considered canceled upon the expiration of said 30 days period except as to liability for acts or omissions which occur prior to the date of cancellation. Notice shall be deemed effective along with sufficient proof of notice to the Principal. NO suit may be maintained to enforce any liability arising under this Bond unless brought within two (2) years after discovery of the act or omission upon which liability is based. American LegalNet, Inc. www.USCourtForms.com It is understood and agreed that any person(s) having a claim under the conditions of this obligation may initiate suit in any court of competent jurisdiction against the Principal and/or the Surety upon this Bond. day of WITNESS OUR SIGNATURES, this the , 19 (Principal) (Surety) (Title) . (Counter-signature) Form USB ACKNOWLEDGMENT OF INDIVIDUAL STATE OF COUNTY OF On this day of , 19 , before me personally appeared , to me known to be the person described in and who executed the foregoing instrument, as Principal and acknowledged to me that he executed the same as his free act and deed. (NOTARIAL SEAL) Notary Public, County My commission expires ACKNOWLEDGMENT OF CORPORATION STATE OF COUNTY OF On this day of , 19 , before me personally appeared of , and says that he is the Principal heretofore named; that he executed the instrument for and in its behalf, by authority of its Board of Directors and affixed its seal thereto. (NOTARIAL SEAL) Notary Public, County My commission expires American LegalNet, Inc. www.USCourtForms.com