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Pershing Clearing Agreement

This December 1, 2007 agreement between Ridge Clearing - Outsourcing Solutions, Inc. ("Ridge") and Hudson Securities Inc. ("Correspondent") defines the conditions under which Ridge provides performance and clearing services to the correspondent and his clients on a full basis. Ridge will provide such services only to the extent required by this agreement and is not liable for obligations or obligations that have not been specifically assigned to Ridge by this agreement. Nothing in this agreement is considered to delegate to Ridge a regulatory obligation of the correspondent. The parties agree that the deadline for the conversion of correspondents to services is April 1, 2008. 1. Kepler Capital Markets, Inc. ("KCM" or "Companies") is a stockbroker registered with the Securities and Exchange Commission ("SEC") and a member of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). KCM`s OSJ North American Headquarter is located in Tower 49 12 E49th Street, Floor 36, New York, NY 10017.

The company also manages business with the trade name Kepler Cheuvreux North America. The company is a wholly owned subsidiary of Kepler Cheuvreux ("parent company"), a French company "Investment Enterprise" (investment company) registered with the Prudential Control and Resolution Authority. The Company has entered into a fully disclosed clearing agreement with Pershing LLC ("Pershing") for the clearing and settlement of securities on North American stock markets and certain Latin American markets such as Mexico. This agreement ("the agreement") is between Legent Clearing LLC ("Clearing Broker") and Network 1 Financial Securities, Inc. ("correspondent"), the following form of organization being available. This agreement for fully disclosed clearing services ("agreement") is effective, subject to approval by the Financial Industry Regulatory Authority ("FINRA"), on the last date, the deadline set by the parties in accordance with the dates listed below ("effective date") of and between NATIONAL FINANCIAL SERVICES LLC ("NFS"), a limited liability company located in Delaware, and MURIEL SIEBERT. , INC. 2000, point 1.

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