The rules contained in The Nasdaq Stock Market LLC General 4, Section 1 as such rules may be in effect from time to time (the "General 4, Section 1 Rules"), are hereby incorporated by reference into this Nasdaq GEMX, LLC General 4, Section 1, and are thus Nasdaq GEMX Rules and thereby applicable to Nasdaq GEMX Members. Nasdaq GEMX Members shall comply with the General 4, Section 1 Rules as though such rules were fully set forth herein. All defined terms, including any variations thereof, contained in the General 4, Section 1 Rules shall be read to refer to the Nasdaq GEMX related meaning of such term.

Adopted April 18, 2019 (SR-GEMX-2019-05), operative May 18, 2019.