Fractional Trades Disclosure from Apex Clearing Corporation

Apex Clearing Corporation allows for the purchase of fractional shares. I acknowledge and understand that Apex rounds all holdings of fractional shares to the fifth decimal place, the value of fractional shares to the nearest cent, and any dividends paid on fractional shares to the nearest cent. I understand that I may receive dividends in an amount less than my pro rata ownership would otherwise entitle me to receive, and in certain instances no dividend at all, subject to Apex's rounding methodology. I further understand that Apex may not accept dollar-based purchases or sales of less than $5.00 and that I will receive proceeds from the sale of any whole or fractional shares rounded to the nearest cent.

I understand that if I enter repeated fractional orders with individual notional values of less than $0.01, my account may be restricted.

To the extent that Apex must purchase or sell shares in the market to fulfill any part of my fractional order, the fractional component of that order will be fulfilled at the execution price received for the corresponding whole shares.

I understand that fractional shares within my Account (i) are unrecognized, unmarketable, and illiquid outside the Grifin platform, (ii) are not transferrable in-kind, and (iii) may only be liquidated and the proceeds transferred out. I acknowledge that, subject to applicable requirements, Apex may report holdings and transactions in my Account in terms of either U.S. Dollars, shares, or both.

I agree that my fractional shareholdings shall be treated as a "financial asset" under Article 8 of the Uniform Commercial Code.