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      Exhibit 10.17
      

      GUARANTY AGREEMENT
      

      THIS GUARANTY AGREEMENT (this “Guaranty”) is made as of August 1, 2021 between Siebert Financial Corporation, a New York corporation (“Guarantor”) and National Financial Services LLC, a Delaware limited liability company (“NFS”). NFS and Guarantor are referred to collectively herein as the “Parties” and each individually herein as a “Party.”
      

      WHEREAS, Muriel Siebert & Co., Inc. (“Correspondent”) is a wholly-owned subsidiary of Guarantor; 

      WHEREAS, Correspondent and NFS are parties to a Fully Disclosed Clearing Agreement, dated May 14, 2009 (including all attachments, exhibits, amendments and schedules thereto, the “Clearing Agreement”); 

      WHEREAS, NFS and Correspondent have agreed to enter into an amendment to the Clearing Agreement (“Clearing Agreement Amendment”) that, among other things, provides for (1) the extension of the term of the Clearing Agreement for an additional four (4) year period commencing on August 1, 2021 and ending on July 31, 2025 (“Clearing Agreement Termination Date”); and (2) the payment by NFS of a business development credit in the amount of $3,000,000 to Correspondent or, at Correspondent’s instruction, to Guarantor; and (3) the payment by Correspondent of an Early Termination Fee (as defined in the Clearing Agreement) upon the occurrence of an Early Termination Fee Trigger (as defined in the Clearing Agreement);
      

      NOW THEREFORE, in consideration of NFS entering into the Clearing Agreement Amendment and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor and NFS hereby agree as follows: 

      1. This Guaranty shall be effective as of the date first set forth above and remain in place until all outstanding obligations of Guarantor hereunder have been paid or performed in full. This Guaranty remains in effect notwithstanding any amendment, extension or restatement of the Clearing Agreement. 

      2. Guarantor understands and acknowledges the obligations of Correspondent under the Clearing Agreement, as amended by the Clearing Agreement Amendment, including without limitation, Correspondent’s obligation to pay an Early Termination Fee upon the occurrence of an Early Termination Fee Trigger. Correspondent hereby unconditionally and irrevocably guarantees to NFS and its affiliates and their respective successors and assigns, the full and prompt payment of the Early Termination Fee in the event such Early Termination Fee becomes due under the terms and conditions of the Clearing Agreement (the “Guaranteed Obligation”). 

      3. Guarantor hereby agrees that it shall pay all amounts related to the Guaranteed Obligation upon demand by NFS. Prior to making such demand on Guarantor, NFS shall make commercially reasonable efforts to collect the Early Termination Fee from Correspondent. Any delay by NFS in making such demand shall in no way affect Guarantor’s obligations hereunder. 

      4. Guarantor waives any notice of default on the part of Correspondent and agrees that its guarantee shall become absolute without necessity of giving such notice or any other formality (including presentment, notice of dishonor, protest, or notice of acceptance of this Guaranty) with respect to any liabilities under this Guaranty. Without limiting the generality of the foregoing, Guarantor agrees that the obligations of Guarantor hereunder shall not be released or discharged, in whole or in part, as a result of or otherwise affected by any rescissions, waivers, amendments, restatements or modifications of any of the terms or provisions of the Clearing Agreement. 

      

      
         

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      5. If for any reason Correspondent has no legal existence or is under no legal obligation to discharge any of the Guaranteed Obligation, the obligations of Guarantor hereunder shall nevertheless be binding on Guarantor to the same extent as if Guarantor at all times had been the principal obligor of all such Guaranteed Obligation. 

      6. Guarantor hereby represents, warrants and covenants to NFS that (a) this Guaranty is within Guarantor’s corporate authority, has been duly authorized and constitutes the valid, binding and enforceable obligation of Guarantor, except to the extent that the enforceability of this Guaranty may be limited by the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally, and complies with applicable laws; (b)it has the necessary corporate power and authority to execute and deliver this Guaranty and perform the obligations hereunder; and (c) such execution, delivery and performance do not contravene any provisions of its articles of incorporation, by-laws, or any agreement or instruments in which it is a party. 

      7. This Guaranty shall inure to the benefit of any successor of NFS and shall be binding on any successor of Guarantor (including any successor by merger, consolidation, sale of all or substantially all of the assets or by any similar transaction). This Guaranty shall be governed by and construed in accordance with the Commonwealth of Massachusetts without giving effect to its conflict of laws. Except as otherwise provided in this Section 7 with respect to successors, the Guarantor and NFS do not intend the benefits of this Guaranty to inure to the benefit of any third party and no third party shall have any right or entitlement under this Guaranty. 

      8. For the purposes of any and all notices, consents, directions, approvals, restrictions, requests or other communications required or permitted to be delivered hereunder, NFS’ address shall be: 

      National Financial Services LLC

      c/o FMR LLC Legal Department

      200 Seaport Blvd, ZW9A

      Boston, MA 02109 

      and Guarantor’s address shall be: 

      Siebert Financial Corporation

      120 Wall Street

      New York, NY 10005

      Attention: Andrew H. Reich, Chief Financial Officer 

      Either Party may provide such notice by sending written notice by registered or certified mail, return receipt requested, or by overnight traceable mail. Either Party may change its address for notice purposes by providing such written notice of the new address to the other Party. Any notices, consents, directions, approvals, restrictions, requests or other communications provided under this provision shall be effective upon receipt. 

      9. In the event of a dispute between NFS and Guarantor regarding the terms of this Guaranty, such dispute shall be settled by arbitration in accordance with the rules then prevailing at the Financial Industry Regulatory Authority (“FINRA”), provided however that if FINRA declines jurisdiction over the dispute, it shall be decided through the arbitration facilities provided by any United States securities self-regulatory organization or securities exchange of which the entity against whom the claim is made is a member and designates. However, in the event that the arbitration facilities provided through a self-regulatory organization or securities exchange decline jurisdiction over the dispute, NFS and Guarantor agree that such dispute shall be settled by arbitration in Boston, MA in accordance with the rules of the American Arbitration Association under its Commercial Arbitration Rules and Mediation Procedures. Such designation of the rules of a United States self-regulatory organization, the United States securities exchange, or the American Arbitration Association is not integral to the underlying agreement to arbitrate. Any final award rendered by such arbitrators shall be final and binding between the Parties and judgment thereon may be entered in any court of competent jurisdiction. 

      

      
         

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      10. Nothing contained herein is intended to, or shall, waive, revoke, amend, or otherwise modify any of the terms or conditions of the Clearing Agreement or the schedules and exhibits thereto, each of which remain in full force and effect. Further, NFS expressly reserves, and does not waive its rights under the Clearing Agreement and exhibits thereto. 

      11. This Agreement may be executed in one or more counterparts, and each of which when so executed shall be an original but all such counterparts shall constitute one and the same instrument. 

      IN WITNESS WHEREOF, the Parties have executed this Guaranty effect as of the date first set forth above. 

      

      
         	

                  NATIONAL FINANCIAL SERVICES LLC
                  

               	

                  SIEBERT FINANCIAL CORPORATION
                  

               
	

                  

               	

                    

               	

                  

               	

                    

               
	

                  By: 

               	

                  /s/ Lynn McLachlan
                  

               	

                  By: 

               	

                  /s/ Andrew H. Reich
                  

               
	

                  

               	

                    

               	

                  

               	

                    

               
	

                  Name: 

               	

                  Lynn McLachlan
                  

               	

                  Name: 

               	

                  Andrew H. Reich
                  

               
	

                  

               	

                    

               	

                  

               	

                    

               
	

                  Title: 

               	

                  Vice President
                  

               	

                  Title: 

               	

                  Chief Financial Officer
                  

               

      

      

      
         

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      Exhibit 10.18
      

      AMENDMENT NO. 1 TO COMMON STOCK PURCHASE AGREEMENT
      

      This Amendment No. 1 to Common Stock Purchase Agreement, dated as of August 18, 2021 (the "Amendment"), is made by and between Siebert Financial Corp., a New York corporation, ("Siebert" or “Buyer”), and OpenHand Holdings, Inc., a Delaware corporation, ("OpenHand" or “Seller” or “Company”), and together with Siebert, the "Parties", and each, a "Party").
      

      WITNESSETH
      

      WHEREAS, the Parties have entered into a Common Stock Purchase Agreement, dated as of January 31, 2021 (the "Existing Agreement");
      

      WHEREAS, pursuant to the Existing Agreement, Siebert paid to OpenHand, Eight Hundred Fifty Thousand Dollars ($850,000) cash;
      

      WHEREAS, the Parties hereto desire to amend the Existing Agreement on the terms and subject to the conditions set forth herein, including, but not limited to, rescinding the issuance of common stock of Siebert to OpenHand.
      

      NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
      

      1. Definitions. Capitalized terms used and not defined in this Amendment have the respective meanings assigned to them in the Existing Agreement.
      

      2. Amendments to the Existing Agreement. As of the Effective Date (defined below), the Existing Agreement is hereby amended or modified as follows:
      

      (a) Section 1.3 (Purchase Price) is hereby deleted in its entirety and replaced with the following:
      

      “1.3 Purchase Price. The purchase price (the Purchase Price”) shall be Eight Hundred Fifty Thousand Dollars ($850,000). The number of Shares shall be equal to Two Percent (2.0%) of the Company Capitalization (defined below) as of the Effective Date. The Company hereby acknowledges its receipt of the Purchase Price.
      

      “Company Capitalization” is calculated as of immediately prior to the Effective Date, includes all shares of capital stock issued and outstanding.
      

      (b) Section 1.4 (Payment) is deleted in its entirety.
      

      (c) Section 2.4(b) (Capitalization) is deleted in its entirety and replace with the following:
      

      

      
         

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      “(b) Upon the issuance of the Shares to the Buyer at the Closing, the Shares shall represent not less than two percent (2.0%) of the Company Capitalization.”  
      

      (d) Section 4 (Additional Considerations) is deleted in its entirety.
      

      (e) Section 5 (Future Acts) is deleted in its entirety.
      

      (f) Section 6 (Division) is deleted in its entirety.
      

      (g) Section 7 (Conditions Precedent to Obligations of the Buyer) is deleted in its entirety.
      

      (h) Section 8 (Conditions Precedent to Obligations of the Seller) is deleted in its entirety.
      

      (i) Section 9.2 (Deliveries by the Buyer) is deleted in its entirety.
      

      (j) Section 10.2 (Options) is deleted in its entirety and replaced with the following:
      

      “10.2 Options. Siebert or its designees shall be granted an option to purchase an additional number of shares of Common Stock of OpenHand equal to two percent (2.0%) of the Company Capitalization as of the Effective Date for fifteen (15) months from the Effective Date, at an exercise price equal to an implied Company valuation of $42.5 million.
      

      In addition, Siebert or its designees will have the right to participate in all future funding to maintain its percentage ownership interest in OpenHand provided Siebert pays its prorate share of the funding.”
      

      3. Mutual Release. Except for the obligations set forth and created under this Amendment, and in consideration of the promises, covenants, and agreements contained herein, Siebert and OpenHand do hereby unconditionally, irrevocably and forever release and discharge each other, as well as their successors, heirs, assigns, executors, estates, predecessors, agents, representatives, employees, affiliates, contractors, partners, or principals from any and all claims, debts, liabilities, demands, obligations, costs, expenses, damages, lawsuits, actions and causes of action, whether known or unknown, which they may have against each other, up to the Effective Date (defined below).
      

      4. Date of Effectiveness; Limited Effect. This Amendment will become effective on the date first written above (the "Effective Date"). Except as expressly provided in this Amendment, all of the terms and provisions of the Existing Agreement are and will remain in full force and effect and are hereby ratified and confirmed by the Parties. Without limiting the generality of the foregoing, the amendments contained herein will not be construed as an amendment to or waiver of any other provision of the Existing Agreement or as a waiver of or consent to any further or future action on the part of either Party that would require the waiver or consent of the other Party. On and after the Effective Date, each reference in the Existing Agreement to "this Agreement," "the Agreement," "hereunder," "hereof," "herein," or words of like import will mean and be a reference to the Existing Agreement as amended by this Amendment.
      

      

      
         

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      5. Miscellaneous.
      

      (a) This Amendment is governed by and construed in accordance with, the laws of the State of New York without regard to the conflict of laws provisions of such State.
      

      (b) This Amendment shall inure to the benefit of and be binding upon each of the Parties and each of their respective permitted successors and permitted assigns.
      

      (c) The headings in this Amendment are for reference only and do not affect the interpretation of this Amendment.
      

      (d) This Amendment may be executed in counterparts, each of which is deemed an original, but all of which constitute one and the same agreement. Delivery of an executed counterpart of this Amendment electronically or by facsimile shall be effective as delivery of an original executed counterpart of this Amendment.
      

      (e) The Existing Agreement, as amended by this Amendment, constitutes the sole and entire agreement between the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter.
      

      (f)Each Party shall pay its own costs and expenses in connection with this Amendment (including the fees and expenses of its advisors, accountants, and legal counsel).
      

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      IN WITNESS WHEREOF, the Parties have executed this Amendment on the date first written above.
      

      

      
         	

                  

               	

                  SIEBERT FINANCIAL CORP. 

               	

                  

               
	

                    

               	

                  

               	

                  

               	

                  

               
	

                  

               	

                  By 

               	

                    /s/ Andrew H. Reich 

               	

                  

               
	

                  

               	

                  Name: Andrew H. Reich 

               	

                  

               
	

                  

               	

                  Title: Executive Vice-President 

               	

                  

               
	

                    

               	

                  

               	

                  

               	

                  

               
	

                  

               	

                  OPENHAND HOLDINGS, INC. 

               	

                  

               
	

                    

               	

                  

               	

                  

               	

                  

               
	

                  

               	

                  By 

               	

                    /s/ John DeVito 

               	

                  

               
	

                  

               	

                  Name: John DeVito 

               	

                  

               
	

                  

               	

                  Title: CEO 

               	

                   

               

      

      
         

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