Document:

ex101.htm

    EX. 10.1

    
 

    AMENDMENT
      TO FULLY DISCLOSED CLEARING AGREEMENT

    

    

    This
      AMENDMENT (the “Amendment”) to the
      Fully Disclosed Clearing Agreement (defined below), is made as of the 10th
      day
      of April, 2008 by and between Ridge Clearing & 

     

    Outsourcing
      Solutions, Inc. (“Ridge”), and Broadpoint Securities, Inc.
      (“Correspondent”).

    

    WITNESSETH:

    

    WHEREAS,
      by Fully
      Disclosed Clearing Agreement executed by and between Ridge and Correspondent
      dated as of January 11, 2008 (the “Fully Disclosed Clearing

     

    Agreement”),
      Ridge agreed to provide certain execution and clearing services, on a fully
      disclosed basis, to Correspondent and its customers; and

     

    WHEREAS,
      Ridge and
      Correspondent desire to amend certain provisions of the Fully Disclosed Clearing
      Agreement as set forth below.

     

    NOW,
      THEREFORE, in
      consideration of the mutual covenants contained herein and for other good and
      valuable consideration, the mutual receipt and legal sufficiency of

     

    which
      are
      hereby acknowledged the parties hereto hereby agree as follows:

     

    
      	
              1.  

            	
              Definitions.  All
                capitalized terms used herein shall have the meanings ascribed to
                them in
                the Fully Disclosed Clearing Agreement, unless otherwise defined
                herein.

            

    

    

    
      	
              2.  

            	
              Exclusivity.  Section
                II.C “Exclusive Clearing Arrangement” of the Fully Disclosed Clearing
                Agreement shall be and is hereby deleted in its entirety and all
                references to Section II.C and/or exclusivity contained within the
                Fully
                Disclosed Clearing Agreement (including all Exhibits and Schedules
                thereto) shall be and is hereby deleted and thereby shall have no
                further
                force or effect.

            

    

    

    
      	
              3.  

            	
              Term
                and Termination.

            

    

    

    
      	
              (A)  

            	
              Section
                XVIII. B. “Termination” of the Fully Disclosed Clearing Agreement
                shall be amended by adding to the end of such section the
                following:

            

    

    

    Termination
      by Correspondent. Notwithstanding anything contained to the contrary
      contained in this Agreement (including any of its Schedules and Exhibits),
      Correspondent may terminate this agreement for any reason or for no reason,
      with
      or without Cause, upon at least 30 days’ prior written notice to
      Ridge.  A termination by Correspondent shall be without penalty or the
      incurrence of termination fees or fees of any kind to Correspondent arising
      out
      of the termination.

    

    
      	
               

            	
              (B)

            	
              Section
                XVIII. E. “Termination Fee” shall be and is hereby deleted in its entirety
                and all references in the Fully Disclosed Clearing Agreement (including
                all Exhibits and Schedules thereto) to “Termination Fee”, “Early
                Termination Fee” or “Material Change Termination Fee” shall be and is
                hereby deleted and thereby shall have no further force or
                effect.

            

    

    

    
      	
              4.  

            	
              Governing
                Law.     This Amendment shall be governed by and
                construed in accordance with the laws of the State of New York, without
                regard to its conflicts of laws
                principles.

            

    

    

    
      	
              5.  

            	
              Entire
                Agreement.  The
                Fully Disclosed Clearing Agreement as amended by this Amendment
                constitutes the entire understanding between the parties hereto with
                respect to the Execution and Clearing Services to be provided to
                Correspondent and may not be changed orally but only by an agreement
                in
                writing signed by the party against whom enforcement of any waiver,
                change, modification or discharge is
                sought.

            

    

    

    
      	
              6.  

            	
              Full
                Force and Effect of Clearing
                Agreement.      Except as modified by
                this Amendment, the Fully Disclosed Clearing Agreement, covenants,
                agreements, terms and conditions thereof, shall remain in full force
                and
                effect and are hereby in all respects ratified and
                confirmed

            

    

    

    
      	
              7.  

            	
              Headings.      The
                headings contained herein have been inserted for convenience and
                ease of
                reference only and shall be construed to affect the meaning, construction
                of effect of this Amendment.

            

    

    

    
      	
              8.  

            	
              Counterpart.   
                This Amendment may be executed in counterparts each of which shall
                constitute an original, and all of which shall together constitute
                one in
                the same agreement.

            

    

     

    

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      REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

       

       

      IN
        WITNESS WHEREOF, the parties hereto have executed this Amendment to the
        Fully Disclosed Clearing Agreement as of the date first above
        written.

    

    

              

    RIDGE
      CLEARING & OUTSOURCING SOLUTIONS,
      INC.                                                BROADPOINT
      SECURITIES, INC.

    

    

    By:  /s/
      JOSEPH
      BARRA                                                                                                           By:   /s/
      ROBERT FINE    

                  President                                              
      Presidentex102.htm

EX. 10.2

    TERMINATION
      AGREEMENT

    

    

    This
      TERMINATION AGREEMENT (the
“Agreement”) is made as of the 10th day of April, 2008 by and between Ridge
      Clearing & Outsourcing Solutions, Inc. (“Ridge”), and 

     

    Broadpoint
      Capital, Inc. (“Correspondent”).

     

    WITNESSETH:

    

    WHEREAS,
      by Fully
      Disclosed Clearing Agreement executed by and between Ridge and Correspondent
      dated as of January 11, 2008 (the “Fully Disclosed Clearing

     

    Agreement”),
      Ridge agreed to provide certain execution and clearing services, on a fully
      disclosed basis, to Correspondent and its customers; and

     

    WHEREAS,
      Ridge and
      Correspondent desire to terminate the Fully Disclosed Clearing Agreement as
      provided herein.

     

    NOW,
      THEREFORE, in
      consideration of the mutual covenants contained herein and for other good and
      valuable consideration, the mutual receipt and legal sufficiency of which are
      hereby acknowledged the parties hereto hereby agree as follows:

     

    
      	
              1.  

            	
              Definitions.  All
                capitalized terms used herein shall have the meanings ascribed to
                them in
                the Fully Disclosed Clearing Agreement, unless otherwise defined
                herein.

            

    

    

    
      	
              2.  

            	
              Termination.  Ridge
                and Correspondent agree and acknowledge that the Fully Disclosed
                Clearing
                Agreement is terminated in its entirety effective April 10, 2008,
                and
                that, accordingly, the Fully Disclosed Clearing Agreement shall be
                of no
                further force or effect and no party shall bear any further obligation
                or
                liability of any kind in connection with the Fully Disclosed Clearing
                Agreement.

            

    

    

    
      	
              3.  

            	
              No
                Termination Fees or Penalty.  Ridge and Correspondent agree
                and acknowledge that the termination of the Fully Disclosed Clearing
                Agreement shall result in no penalties, Termination Fees, Early
                Termination Fees, Material Change Termination Fees or any other fees
                owed
                to Ridge by Correspondent.

            

    

    

    
      	
              4.  

            	
              Mutual
                Release. Each party releases, remises and forever discharges the
                other party and its successors and assigns from and against any and
                all
                manner of action and causes of action, suits, levies, dues, accounts,
                bonds, covenants, contracts, agreements, judgments, claims, demands,
                obligations, liabilities and duties whatsoever involved, at law or
                in
                equity, arising out of or relating to the Fully Disclosed Clearing
                Agreement which either party ever had, now has or which its assigns
                or any
                of them hereafter can, shall or may have.  For the purpose of
                clarity, the parties agree that the foregoing release does not relate
                to
                the Fully Disclosed Clearing Agreement, dated as of
                January 11, 2008, by and between Ridge and Broadpoint
                Securities, Inc., and any amendments
                thereto.

            

    

    

    
      	
              5.  

            	
              Governing
                Law.  This Agreement shall be governed by and construed in
                accordance with the laws of the State of New York, without regard
                to its
                conflicts of laws principles.

            

    

    

    
      	
              6.  

            	
              Headings.  The
                headings contained herein have been inserted for convenience and
                ease of
                reference only and shall be construed to affect the meaning, construction
                of effect of this Agreement.

            

    

    

    
      	
              7.  

            	
              Counterpart.  This
                Agreement may be executed in counterparts each of which shall constitute
                an original, and all of which shall together constitute one in the
                same
                agreement.

            

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement to the
      Fully Disclosed Clearing Agreement as of the date first above
      written.

    

    RIDGE
      CLEARING & OUTSOURCING SOLUTIONS,
      INC.                                                
BROADPOINT CAPITAL, INC.

    

    By:  /s/
      JOSEPH
      BARRA                                                                                                           By:  /s/
      LEE FENSTERSTOCK

                
      President                                                                                                                                      
Chairman and CEO

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