Stephen Hill successfully completed the First Level Regulatory Examination: Representatives on August 10, 2011. His certificate number is PR005428 and was issued by the Chief Executive Officer on the examination date. The certificate certifies that Stephen Hill with identification number 7705015045088 passed this regulatory examination.

1. Regulatory Examination
Certificate
This serves to certify that
Stephen Hill
7705015045088
has successfully completed
First Level Regulatory Examination: Representatives
10 August 2011
Chief Executive Officer Examination Date
Certificate Number: PR005428