Alpaca Business Continuity Plan Summary
Summary Business Continuity PlanDisclosureOverview
ALPACA Securities, LLC (“ALPACA”; “the Firm”) has created and implemented a BusinessContinuity Plan (“BCP”) in an effort to mitigate the effects related to unforeseen businessinterruptions. The BCP is designed to enable the Firm to continue or resume trading operations
as soon as possible in the event of an emergency or significant business disruption (“SBD”).

Communications and Locations of Employees During aDisruption
In the event of an SBD, ALPACA can communicate with its employees in several different ways.
The Firm continuously uses telephone, email, web dashboards, and electronic messaging
systems, which would continue to be used in the event of an SBD. If one or more of theapplications is unavailable, other methods can be used. Recovery of all applications is expected
to range from immediate to 24 hours.

Communications with Customers
ALPACA is currently able to communicate with its customers using the telephone, email, andUS Mail. In the event of an SBD, ALPACA will assess which means of communication are stillavailable and use the means closest in speed to the means used in the past. Additionally, if all
traditional means of communication are not available, ALPACA will post emergency contact
information and instructions on an alternative web site, such as that of its parent's social mediasite(s) - regarding access to ALPACA.

Books & Records
ALPACA maintains its records primarily as electronic records on cloud based storage.
Certain hard-copy books and records are at its Main Office and backed up electronically on cloud
based storage. If records are lost as the result of a business disruption or for any other reason,
ALPACA has the means to physically recover data from electronic back-up locations.

Vendors and Counter parties
ALPACA’s BCP may need to rely upon the recovery and restoration of services provided byvarious critical business constituents at both its primary and alternate business locations.
ALPACA has considered the extent to which the Firm may be able to depend upon thesebusiness relationships during an SBD as a part of its decision to do business with the constituent.

Where possible the Firm has engaged and/or vetted alternate arrangements in order to avoid
business disruptions in the case of a business constituent not being able to provide needed goods
or services in an emergency.

Disclosure
ALPACA’s BCP is designed to address the continued operation of the Firm in the event of anemergency situation or SBD. However, all risks of business interruption cannot be eliminatedand ALPACA cannot guarantee that systems will always be available or recoverable following
an SBD. Furthermore, ALPACA has no control over and must rely upon the disaster recovery
plans of its various critical business constituents and vendors. In the event that material changes
are made to this BCP, ALPACA will send an updated copy to all of its clients.
The information contained in this disclosure is provided by ALPACA for informational purposes
only, and nothing contained herein shall be construed to amend, supplement or otherwise modify
any of the terms and conditions set forth in any customer agreement between you and ALPACA.