SEC Contract Filing

Filing Date: 2023-10-05

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>tm2327708d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Cohen&nbsp;&amp;
CoMPANY inc.</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
EQUITY DISTRIBUTION AGREEMENT</FONT></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">October&nbsp;5, 2023</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NORTHLAND CAPITAL MARKETS<SUP>1</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">150 South Fifth Street, Suite&nbsp;3300</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Minneapolis, Minnesota 55402</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cohen&nbsp;&amp;
Company Inc., a Maryland corporation (collectively with its subsidiaries and affiliates, including, without limitation, all entities
disclosed or described in the Registration Statement (as defined below) as being subsidiaries or affiliates of Cohen&nbsp;&amp; Co. Inc.,
the &ldquo;<B>Company</B>&rdquo;), proposes to issue and sell through Northland Capital Markets, as sales agent (the &ldquo;<B>Manager</B>&rdquo;),
on the terms set forth in this Equity Distribution Agreement (this &ldquo;<B>Agreement</B>&rdquo;), shares of its common stock, par value
$0.01 per share (&ldquo;<B>Common Stock</B>&rdquo;), having an aggregate offering price of up to $75,000,000 (the &ldquo;<B>Shares</B>&rdquo;).
Notwithstanding anything to the contrary contained herein, the parties hereto agree that compliance with the limitations set forth herein
regarding the amount of Shares to be issued and sold under this Agreement, including any limitations on the amount of securities sold
by the Company during any period under the Securities Act and the rules&nbsp;and regulations promulgated thereunder, </FONT>including
rules&nbsp;that prohibit the Company from selling securities in a public primary offering with a value exceeding more than&nbsp;one-third&nbsp;of
its&nbsp;public&nbsp;float&nbsp;in any 12-month period so long as its public float remains below $75.0 million, shall be the sole responsibility
of the Company, and the Manager shall have no obligation in connection with such compliance.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company has filed with the Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) a registration statement on Form&nbsp;S-3
(File No.&nbsp;333-249641), including a prospectus, relating to the securities (the &ldquo;<B>Shelf Securities</B>&rdquo;), including
the Shares, to be issued from time to time by the Company. The registration statement as of its most recent effective date, including
the information (if any) deemed to be part of the registration statement at the time of effectiveness pursuant to Rule&nbsp;430A or Rule&nbsp;430B
under the Securities Act of 1933, as amended, </FONT>and the rules&nbsp;and regulations of the Commission promulgated thereunder (the
 &ldquo;<B>Securities Act</B>&rdquo;), together with any additional registration statement on Form&nbsp;S-3 filed pursuant to Rule&nbsp;462(b)&nbsp;under
the Securities Act, is hereinafter referred to as the &ldquo;<B>Registration Statement</B>&rdquo;, and the related prospectus covering
the Shelf Securities and filed as part of the Registration Statement, together with any amendments or supplements thereto as of the most
recent effective date of the Registration Statement, is hereinafter referred to as the &ldquo;<B>Basic Prospectus</B>&rdquo;. To the
extent that the Company elects to file a&nbsp;successor&nbsp;registration&nbsp;statement&nbsp;with respect to the Shares, after the effectiveness
of any such registration statement, all references to &ldquo;<B>Registration Statement</B>&rdquo; included in this Agreement shall be
deemed to include such new registration statement, including all documents incorporated by reference therein pursuant to Item 12 of Form&nbsp;S-3,
and all references to &ldquo;<B>Basic Prospectus</B>&rdquo; included in this Agreement shall be deemed to include the final form of prospectus,
including all documents incorporated therein by reference, included in any such registration statement at the time such registration
statement became effective. &ldquo;<B>Prospectus Supplement</B>&rdquo; means the final prospectus supplement, relating to the Shares,
filed by the Company with the Commission pursuant to Rule&nbsp;424(b)&nbsp;under the Securities Act on or before the second business
day after the date hereof, in the form furnished by the Company to the Manager in connection with the offering of t