Form R-7 11/06 COMMONWEALTH OF PUERTO RICO COMMISSIONER OF FINANCIAL INSTITUTIONS Centro Europa Building, Suite 600 1492 Ponce de León Avenue San Juan, PR 00907- 4127 Tel. (787) 723-8403 Fax (787) 724-2604 BOND FOR BROKER-DEALER, INVESTMENT ADVISERS, AND AGENT UNDER THE UNIFORM SECURITIES ACT AND BLANKET BOND FOR AGENTS OF A BROKER-DEALER KNOW ALL MEN BY THESE PRESENT: That , as Principal and , as Surety are firmly bound unto the people of the Commonwealth of Puerto Rico for the use and benefit of any person sustaining damages as result of any breach of the conditions hereinafter set forth in the penal sum of thousand dollars ($ ) and in the case of a blanket bond $2,000.00 per agent without limitation of the number of agents, for the payment of which sum, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THE ABOVE OBLIGATION ARE SUCH THAT: WHEREAS, the principal has made or is about to make an application to the Securities Office, Office of the Commissioner of Financial Institutions, for registration as broker-dealer, investment adviser, or agent, pursuant to the Uniform Securities Act of Puerto Rico; and NOW THEREFORE the principal and Surety are each liable to the amount of the bond, or if a blanket bond covering agent to the amount of $2,000.00 for each agent, for the payment of any judgment that may be obtained against the Principal or Surety on any suit under the Uniform Securities Act of Puerto Rico arising out of the conduct of the Principal or its agents in the securities business or the business of investment adviser; and for the reimbursement to customers for conversion, misappropriation or embezzlement by the Principal of its agents of funds or securities belonging to such customers; and apart from these conditions this bond will be of no force and effect. American LegalNet, Inc. www.FormsWorkflow.com Form R-7 11/06 Page two THIS BOND IS CONTINUOS obligation until thirty (30) days after notice in writing of cancellation has been received by the Commissioner, but such cancellation shall not affect any liability for conduct occurring prior to the date cancellation becomes effective: PROVIDED that no suit may be maintained to enforce any liability hereon unless brought within two (2) years after the sale or other act of omission upon which such suit is based; and PROVIDED further that the liability of the Surety herein to all persons aggrieved shall not exceed the total amounts set forth above. IN WITNESS WHEREOF the Principal and Surety have caused these presents to be executed this day of , . year (SEAL) _____________________________________ Name of Principal Attest: By: ___________________________________ Name and Title ______________________________________ Name of Surety ________________________________________ Attorney-in-Fact Address of Attorney-in-Fact American LegalNet, Inc. www.FormsWorkflow.com