Bulletin board, pink sheet and other thinly-traded securities (”bulletin board stocks”) present particular trading risks, in part because they are relatively less liquid and more volatile than actively traded securities listed on a major exchange or NASDAQ. I understand that bulletin board stocks may be subject to different trading rules and systems than other securities and that I may encounter significant delays in executions, reports of executions and updating of quotations in trading bulletin board stocks. Arive Capital Markets in its sole discretion may require limit orders on certain bulletin board stock transactions. The Market Data supplied by Arive Capital Markets regarding bulletin board stocks is updated from time to time, but may not be current at any given point in time.