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Business Continuity Plan

The purpose of this Business Continuity Plan (BCP) summary is to ensure our clients that HTK has a business continuity plan with detailed policies and procedures, which we will employ in the event of a Significant Business Disruption (SBD). HTK’s policy is to respond to a SBD by taking reasonable measures designed to safeguard employees’ lives and firm property, making financial and operational assessment, quickly as practicable recovering and resuming operations, protecting all of the firm’s books and records, and allowing our customers to transact business. In the event that we determine we are unable to continue our business we will take steps towards assuring customers prompt access to their funds and securities.

Our plan anticipates two kinds of SBDs, internal and external. Internal SBDs affect only our firm’s ability to communicate and do business such as a flood or fire in our building. External SBDs prevent the operation of the securities markets or a number of firms, such as a terrorist attack, a blackout or a wide scale regional disruption. Our response to an external SBD relies heavily on other organizations and systems, especially on the capabilities of our clearing firm, Pershing LLC. Pershing LLC has a BCP and their mission for contingency planning is to ensure the continuous, reliable delivery of service to Pershing’s customers while maintaining regulatory compliance.

A complete test of our business continuity plan occurs annually and the plan is updated as necessary. Further information regarding HTK's BCP is available upon written request.

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