FULLY DISCLOSED CLEARING AGREEMENT AS AMENDED BETWEEN RIDGE CLEARING & OUTSOURCING SOLUTIONS, INC. -and- HUDSON SECURITIES INC.Clearing Agreement • August 12th, 2008 • Hudson Holding Corp • Security brokers, dealers & flotation companies • New York
This agreement (the “Agreement”), dated as of December 1, 2007, between Ridge Clearing & Outsourcing Solutions, Inc. (“Ridge”) and Hudson Securities Inc. (“Correspondent”), sets forth the terms and conditions under which Ridge will provide execution and clearing services, on a fully disclosed basis, to Correspondent and its customers. Ridge will provide such services only to the extent required by this Agreement, and shall not be responsible for any duties or obligations not specifically allocated to Ridge by this Agreement. Nothing in this Agreement shall be deemed to delegate to Ridge any regulatory obligation of Correspondent. The parties agree that the target date for the conversion of Correspondent onto the Services is April 1, 2008.
