Document:

Exhibit 10.2b

AMENDMENT TO CONFIRMATION

THIS AMENDMENT (this “Amendment”) is made as of this 18th day of January 2007, between Goldman Sachs Financial Markets, L.P. (“Dealer”) and National Financial Partners Corp. (“Issuer”).

WHEREAS, Dealer and Issuer are parties to a Confirmation dated as of January 17, 2007 (the “Confirmation”) relating to Warrants on shares of Issuer;

WHEREAS, the parties wish to amend the Confirmation on the terms and conditions set forth in this Amendment;

NOW, THEREFORE, in consideration of their mutual covenants herein contained, the parties hereto agree as follows:

Section 1. Terms Used but Not Defined Herein. Terms used but not defined herein shall have the respective meanings given to them in the Confirmation.

Section 2. Amendment to the Confirmation. 

	
             
 	
            (a)
 	
            The “Premium” under the Confirmation shall be USD34,040,000.00. For the avoidance of doubt, the Premium per Warrant set forth in the Confirmation shall remain unchanged. 
 

	
             
 	
            (b)
 	
            The “Number of Warrants” under Annex A shall be 103,380 for Components 1 through 33 and 103,379 for Components 34 through 40.
 

Section 3. Representations and Warranties.

Issuer represents and warrants to Dealer as follows: 

	
             
 	
            (a)
 	
            On the date of this Amendment, (A) none of Issuer and its officers and directors is aware of any material nonpublic information regarding Issuer or the Shares and (B) the registration statement filed by Issuer with the Securities and Exchange Commission (“SEC”) and became effective in accordance with the Securities Act of 1933, as amended (the “Securities Act”), including all the documents filed by Issuer pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and incorporated by reference therein, does not contain any untrue statement of a material fact or any omission of a material fact required to be stated therein or necessary to make
the statements therein, in the light of the circumstances in which they were made, not misleading.
 

	
             
 	
            (b)
 	
            Issuer is not entering into this Amendment to create actual or apparent trading activity in the Shares (or any security convertible into or exchangeable for Shares) or to raise or depress or otherwise manipulate the price of the Shares (or any security convertible into or exchangeable for Shares) or otherwise in violation of the Exchange Act.
 

	
             
 	
            (c)
 	
            The representations and warranties of Issuer set forth in Section 3 of the Agreement and Section 7 of the Confirmation are true and correct and are hereby deemed to be repeated to Dealer as if set forth herein.
 

Section 4. Effectiveness. This Amendment shall become effective upon execution by the parties hereto.

Section 5. Counterparts. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if all of the signatures thereto and hereto were upon the same instrument.

 

Section 6. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York. 

Section 7. Effectiveness of Confirmation. Except as amended hereby, all the terms of the Confirmation shall remain and continue in full force and effect and are hereby confirmed in all respects.

 

 

2

 

IN WITNESS WHEREOF, the parties have signed this Amendment as of the date and year first above written.

 

 

	
             
 	
             
 	
             
 	
            GOLDMAN SACHS FINANCIAL MARKETS, L.P.
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
            By: Goldman Sachs Financial Markets, LLC,
 general partner
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
            By: 
 	
            
 /s/ Ray Fritzen
 
	
             
 	
             
 	
             
 	
            Name:
 	
            Ray Fritzen
 
	
             
 	
             
 	
             
 	
            Title:
 	
            Vice President
 

 

 

	
            Agreed and accepted by:
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 
	
            NATIONAL FINANCIAL PARTNERS CORP.
 	
             
 	
             
 	
             
 
	
            By: 
 	
            
 /s/ Mark C. Biderman                                
 	
             
 	
             
 	
             
 
	
            Name:
 	
            Mark C. Biderman
 	
             
 	
             
 	
             
 
	
            Title:
 	
            Executive Vice President and Chief Financial OfficerExhibit 10.3

May 3, 2007

 

Jessica Bibliowicz

Mark Biderman

Robert Carter

Douglas Hammond

Elliot Holtz

Jeffrey Montgomery

Robert Zuccaro

Stephanie Abramson

Arthur Ainsberg

John Elliott

Shari Loessberg

Kenneth Mlekush

 

Re: Termination of Senior Management and Director Lock-Up Agreements

 

Ladies and Gentlemen:

 

Reference is made to the Senior Management and Director Lock-Up Agreements (each, a “Lock-up Agreement”), by and between each of you (the “Executives and Directors”) and National Financial Partners Corp. (“NFP,” and together with the Executives and Directors, the “Parties”).

 

In consideration of your continued and valued service to NFP, in recognition of the fact that all of the NFP shares subject to the Lock-Up Agreements are already subject to either a multi-year vesting schedule or to the liquidity restrictions contained in NFP’s Second Amended and Restated Stockholders Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

	
             
 	
            1.
 	
            Effective immediately, the terms of the Lock-Up Agreements are null and void and of no further effect. 
 

 

	
             
 	
            2.
 	
            This letter may be executed in counterparts, which together shall constitute one and the same letter. The parties may execute more than one copy of the letter, each of which shall constitute an original, each of which alone and all of which together shall constitute one and the same instrument. This letter may be transmitted by facsimile and it is the intent of the parties for the facsimile (or a photocopy thereof) of any autograph printed by a receiving facsimile machine to be an original signature and for the facsimile (or a photocopy thereof) and any complete photocopy of this letter to be deemed an original counterpart.
 

 

Sincerely,

 

 

	
             
 	
             
 	
             
 	
            NATIONAL FINANCIAL PARTNERS CORP.
 
	
              
 	
             
 	
             
 	
            
 /s/ Stephanie Scherr Olson
 
	
             
 	
             
 	
             
 	
            Stephanie Scherr Olson

Senior Vice President

and Associate General Counsel
 

 

 

	
            Acknowledged and Accepted:
 	
             
 	
             
 	
             
 	
             
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Jessica Bibliowicz
 	
             
 	
             
 	
             
 	
             
 
	
            Jessica Bibliowicz
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Mark Biderman
 	
             
 	
             
 	
             
 	
             
 
	
            Mark Biderman
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Robert Carter
 	
             
 	
             
 	
             
 	
             
 
	
            Robert Carter
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Douglas Hammond
 	
             
 	
             
 	
             
 	
             
 
	
            Douglas Hammond
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Elliot Holtz
 	
             
 	
             
 	
             
 	
             
 
	
            Elliot Holtz
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Jeffrey Montgomery
 	
             
 	
             
 	
             
 	
             
 
	
            Jeffrey Montgomery
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Robert Zuccaro
 	
             
 	
             
 	
             
 	
             
 
	
            Robert Zuccaro
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Stephanie Abramson
 	
             
 	
             
 	
             
 	
             
 
	
            Stephanie Abramson
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Arthur Ainsberg
 	
             
 	
             
 	
             
 	
             
 
	
            Arthur Ainsberg
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ John Elliott
 	
             
 	
             
 	
             
 	
             
 
	
            John Elliott
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Shari Loessberg
 	
             
 	
             
 	
             
 	
             
 
	
            Shari Loessberg
 
	
             
 	
             
 	
             
 	
             
 	
             
 
	
            /s/ Kenneth Mlekush
 	
             
 	
             
 	
             
 	
             
 
	
            Kenneth Mlekush

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