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In April 2020, we renegotiated an amendment to the clearing agreement’s Pricing Schedule A, that included an extension of the contract to 2025 and an upfront lump-sum cash extension award of $500,000. This award is used for the considerable operations, technology, and compliance expenses. We have a pro-rated termination Fee Schedule should we terminate its clearing agreement prior the end of the contract term in August 2025.

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