Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 114

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 114
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, (iii) recognize each of Company, MHC Securities, LLC (“MHC”) and KWAC as a “guarantor” under the terms of the Credit Agreement and (iv) amend and restate the existing guarantees executed by Craig Gould and Alexander Markowitz to be unlimited guarantees.

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Oak Street and its affiliates have in the past provided, and may from time to time in the future provide, commercial banking and other financial services to the Company. Guarantee Agreements At Closing and in connection with the Amendment, the Company, MHC and KWAC entered into, and Craig Gould and Alexander Markowitz (the “ Guarantors”) amended and restated, certain guarantee agreements (each a “ Guarantee Agreement” and together, the “ Guarantee Agreements”) with Oak Street, pursuant to which, the Guarantors unconditionally, absolutely and irrevocably guarantee to Oak Street the full and prompt payment and performance when due (whether at maturity by acceleration or otherwise) of any and all of the obligations under Credit Agreement. Stock Pledge Agreement At Closing, Craig Gould and MHC entered into the Stock Pledge Agreement (the “ Stock Pledge Agreement”) with Oak Street pursuant to which, Mr. Gould and MHC (each a “ Pledgor”) pledged 100% of the Company common stock held by each of them (the “ Pledged Interests”) as collateral for the financial obligations due under the Credit Agreement. Upon the occurrence and continuation of an Event of Default (as defined in the Stock Pledge Agreement) Oak Street shall have the right to:

| i. | have any or all of the Pledged Interests held by Oak Street be registered in the name of Oak Street in the name of Oak Street or its nominee as Oak Street and Oak Street or its nominee may thereafter, without notice, and after the occurrence and continuation of any Event of Default under the Credit Documents, exercise all available voting and shareholder rights at any meeting of the Company s or otherwise and exercise any and all rights pertaining to any of the Pledged Interests, (ii) Oak Street shall have the right to require that all distributions payable with respect to any part of the Pledged Interests be paid to Oak Street to be held by Oak Street as additional security hereunder until applied to the Pledgor’s Obligations. |

| ii. | require that all distributions payable with respect to any part of the Pledged Interests be paid to Oak Street to be held by Oak Street as additional security