ex10-30.htm


     

    
      Exhibit
10.30

      


      AMENDMENT NO. 2 TO
SECURITIES PURCHASE AGREEMENT


      


      THIS AMENDMENT NO. 2 TO SECURITIES
PURCHASE AGREEMENT (“Agreement”) is made and
entered into this 14th day of
May 2009, by and between NATIONAL HOLDINGS CORPORATION,
a Delaware corporation (the “Company”) and FUND.COM INC., a Delaware
corporation, and/or its Affiliate (collectively, the “Investor”).

      


      Recitals

      


      A.           Effective
as of April 7, 2009, the Company and the Investor entered into a Securities
Purchase Agreement, which agreement was amended by that certain Amendment No. 1
to Securities Purchase Agreement, dated May 5, 2009 (collectively, the “Purchase Agreement”), pursuant
to which inter alia, the Investor agreed to purchase and the Company agreed to
sell certain Securities of the Company.

      


      B.           The
Company and the Investor are executing and delivering this Agreement in order to
amend certain of the provisions to the Purchase Agreement.

      


      NOW, THEREFORE, in
consideration of the mutual promises made herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree to amend the Purchase Agreement, as follows:

      


      1.           Definitions.  Unless
otherwise separately defined in this Agreement, all capitalized terms used in
this Agreement shall have the same meaning as are defined in the Purchase
Agreement and the other Transaction Documents.

      


      2.           Amendment
to Section 3.1.  Section 3.1 of the Purchase Agreement entitled
Closing
is hereby deleted in its entirety and the following Section 3.1 is inserted in
place thereof.

       

      “3.1           Closing.

       

      (a)           The
Closing shall take place at the offices of Littman Krooks LLP, 655 Third Avenue,
20th Floor, New York, New York 10017 or at such place as may be mutually agreed
upon by the parties hereto (or remotely via the exchange of documents and
signatures) at 10:00 A.M. New York City time following the execution and
delivery of this Agreement, and on the first business day immediately following
the date on which the last of the conditions specified herein is fulfilled or
waived (other than conditions that by their nature are required to be performed
on the Closing Date, but subject to satisfaction of such conditions) but in any
event no later than May 22, 2009 (the “Closing
Date”) or at such other time and place and such other date as the Company
and the Investor mutually agree in writing.  All events occurring at
the Closing will, unless otherwise specified, be deemed to have simultaneously
occurred.

       

      (b)           In
the event that the Closing shall not have occurred by the Closing Date (or any
other date mutually agreed upon in writing by the Parties), then the Purchase
Agreement, as amended, shall immediately terminate, without any further notice
by either party, and notwithstanding any terms therein or herein to the
contrary, neither party hereto shall have any further liability or obligation to
the other hereunder or thereunder.

       

      
        
          
          

        

        
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                            (c)           The
Parties acknowledge that on April 29, 2009 the Company has drawn the Certificate
of Deposit and received the sum of Five Hundred Thousand Dollars ($500,000) in
respect thereof.  As a result, the Limited Recourse Note was
automatically converted into Company Common Stock.  Any termination of
the Purchase Agreement or this Agreement shall not affect the record and
beneficial ownership rights of the Investor, its pledgee Global Asset Fund Ltd.,
or any subsequent holder of such shares, in and to an aggregate of 666,666
shares of Company Common Stock into which the Limited Recourse Note was
converted as of April 29, 2009.”

       

      2.           No
Further Amendments; Incorporation by Reference.   Except
as expressly amended by this Agreement, all of the terms and conditions of the
Purchase Agreement and other Transaction Documents shall remain in full force
and effect and are hereby incorporated by this reference into this Agreement, as
though more fully set forth herein at length.

       

      


       

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      IN WITNESS WHEREOF, the
parties have executed this Agreement or caused their duly authorized officers to
execute this Agreement as of the date first above written.

      


      
        	
                The
      Company: 

              	
                NATIONAL
      HOLDINGS CORPORATION

              


      

      


      


      By: 
/S/ MARK
GOLDWASSER

      Mark
Goldwasser

      Chairman
and Chief Executive Officer

       

       

      
        
          	
                  The
      Investor: 

                	
                  FUND.COM
      INC.

                


        

      

       

       

      By: 
/S/ GREGORY
WEBSTER

      Gregory
Webster

      Chief
Executive Officer

       

       

       

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