Summit Brokerage Services Inc / Fl Sample Contracts

Summit Brokerage Services Inc / Fl – THIS WARRANT AND THE COMMON STOCK OF SUMMIT BROKERAGE SERVICES, INC., (THE (November 14th, 2003)

EXHIBIT 10.24 THIS WARRANT AND THE COMMON STOCK OF SUMMIT BROKERAGE SERVICES, INC., (THE "COMPANY") ISSUABLE UPON CONVERSION HEREOF (UNTIL SUCH TIME AS SUCH COMMON STOCK IS REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT) HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY OTHER SECURITIES STATUTE, AND NO SALE, TRANSFER, OR OTHER DISPOSITION OF ANY INTEREST HEREIN MAY BE MADE UNLESS, IN THE WRITTEN OPINION OF COUNSEL TO THE COMPANY, SUCH TRANSFER WOULD NOT VIOLATE OR REQUIRE REGISTRATION UNDER ANY SUCH STATUTE. WARRANT To Purchase Common Stock of SUMMIT BROKERAGE SERVICES, INC. This is to certify that, for value received, _______________, (together with his successors and permitted assigns, "HOLDER"), is entitled to purchase from Summit Bro

Summit Brokerage Services Inc / Fl – CO-SALE AND VOTING RIGHTS AGREEMENT (April 21st, 2003)

EXHIBIT 10.4 CO-SALE AND VOTING RIGHTS AGREEMENT THIS CO-SALE AND VOTING RIGHTS AGREEMENT (this "Agreement") is made and entered into as of the 11th day of April, 2003, by and between Marshall T. Leeds ("Leeds") and Antares Capital Fund III Limited Partnership, a Delaware limited partnership (the "Purchaser" or "Antares"). WHEREAS, pursuant to that certain Stock Purchase Agreement entered into by and between Summit Brokerage Services, Inc., a Florida corporation (the "Company"), and the Purchaser as of the date hereof (the "Purchase Agreement"), it was and is a condition precedent and covenant of the Company to cause this Agreement to be entered into, executed and delivered to the Company by Leeds; WHEREAS, Leeds has agreed to grant the Purchaser the opportunity to participate, upon the terms and conditions set forth in this Agreement, in subsequent sales of the Co

Summit Brokerage Services Inc / Fl – ARTICLES OF INCORPORATION (April 21st, 2003)

EXHIBIT 3.1 ARTICLES OF AMENDMENT TO AMENDED AND RESTATED ARTICLES OF INCORPORATION OF SUMMIT BROKERAGE SERVICES, INC. (A FLORIDA CORPORATION) Pursuant to the provisions of Section 607.1006, Florida Statutes, this Corporation adopts the following articles of amendment to its Amended and Restated Articles of Incorporation: 1. The name of the Corporation is SUMMIT BROKERAGE SERVICES, INC. 2. All of Section E of "Article V - Capital Stock" of the Amended and Restated Articles of Incorporation, which Section E relates to the designation, powers, preferences and other rights and limitations, etc. of Series B 8% Cumulative Convertible Preferred Stock is hereby deleted in its

Summit Brokerage Services Inc / Fl – REGISTRATION RIGHTS AGREEMENT (April 21st, 2003)

EXHIBIT 10.3 REGISTRATION RIGHTS AGREEMENT THIS REGISTRATION RIGHTS AGREEMENT (this "AGREEMENT"), dated as of April 11, 2003, by and between SUMMIT BROKERAGE SERVICES, INC., a Florida corporation (the "COMPANY"), and ANTARES CAPITAL FUND III LIMITED Partnership, a Delaware limited partnership ("ANTARES"). WHEREAS, pursuant to that certain Stock Purchase Agreement, dated as of even date herewith, entered into by and between the parties hereto (the "STOCK PURCHASE AGREEMENT"), the Company is offering for sale to Antares 4,000,000 shares of Company Common Stock (the "COMMON STOCK SHARES"); and WHEREAS, pursuant to the terms of the Stock Purchase Agreement and in order to induce Antares to purchase the Common Stock Shares, the Company has agreed to enter into this Agreement and grant to Antares the registration rights set forth herein. NOW, THEREFORE, i

Summit Brokerage Services Inc / Fl – STOCK PURCHASE AGREEMENT (April 21st, 2003)

EXHIBIT 10.1 STOCK PURCHASE AGREEMENT THIS STOCK PURCHASE AGREEMENT (this "AGREEMENT") dated as of April 11, 2003, by and between SUMMIT BROKERAGE SERVICES, INC., a Florida corporation (the "COMPANY"), and ANTARES CAPITAL FUND III LIMITED Partnership, a Delaware limited partnership (the "PURCHASER"). W I T N E S S E T H: - - - - - - - - - - WHEREAS, the Company desires to sell and issue to the Purchaser and the Purchaser desires to purchase from the Company Four Million (4,000,000) shares of the Company's common stock, $.0001 par value per share (the "COMMON STOCK SHARES"); and WHEREAS, the parties hereto desire to effectuate the foregoing transaction based upon the terms and conditions contained herein. NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth h

Summit Brokerage Services Inc / Fl – REGISTRATION RIGHTS AGREEMENT (March 31st, 2003)

EXHIBIT 10.18 FORM OF REGISTRATION RIGHTS AGREEMENT THIS REGISTRATION RIGHTS AGREEMENT (THE "AGREEMENT"), dated the Effective Date (as defined below) by and between Summit Brokerage Services, Inc. a Florida corporation (the "Company"), and the person whose name appears on the signature page attached hereto (individually a "Holder" and, together with the holders of other shares of Common Stock Shares of the Company issued in the Company's private placement offering, hereinafter described as the "Holders"). WHEREAS, pursuant to a Confidential Private Placement Memorandum dated October 14, 2002 (as amended and supplemented, the "Private Placement Memorandum"), the Company is offering for sale up to 20,000,000 shares (the "Offering") of its Common Stock, $.0001 par value per share (the "Common Stock Shares"), at a price of $.25 per sha

Summit Brokerage Services Inc / Fl – AGREEMENT (March 18th, 2003)

EXHIBIT 10.1 AGREEMENT This agreement ("Agreement") is made as of the 2nd day of January, 2003 between Wachovia Securities Financial Network, Inc., a Florida corporation ("FiNet") and Summit Holding Group, Inc, a Florida corporation ("Summit"). WHEREAS, Summit desires to purchase FiNet's retail brokerage business that is carried on in FiNet's Boca Raton office (the "Business"); WHEREAS, Summit desires that FiNet transfer to Summit the customer accounts of FiNet at the Boca Raton, Florida office (the "Office") located at 980 N. Federal Hwy, Suite 110, Boca Raton, Florida 33432 and the other assets and obligations related to the Business, and Summit desires to acquire those accounts, assets and obligations; and WHEREAS, FiNet desires to assign to Summit, and Summit desires to accept the assignment of, the contracts of certain independent registered representatives under contract

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (August 19th, 2002)

EXHIBIT 10.16 AMENDED AND RESTATED EMPLOYMENT AGREEMENT THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into on this 22nd day of May, 2002, by and between SUMMIT BROKERAGE SERVICES, INC, a Delaware corporation (the "Company"), and Marshall T. Leeds (the "Executive"). The Company and Executive are sometimes referred to herein individually as a "Party." RECITALS: WHEREAS, this Agreement is entered into in connection with the Closing of the transactions contemplated in that certain Stock Purchase Agreement between Executive and the Company dated March 22, 2002 (the "Stock Purchase Agreement") and the assumption by Executive of the offices of Chief Executive Officer and Chairman of the Board, and amends and restates in its entirety that certain employment agreement by and

Summit Brokerage Services Inc / Fl – AND IRREVOCABLE PROXY (August 19th, 2002)

EXHIBIT 10.17 SHAREHOLDERS' VOTING AGREEMENT AND IRREVOCABLE PROXY This SHAREHOLDERS' VOTING AGREEMENT AND IRREVOCABLE PROXY (the "AGREEMENT") is made as of May 22, 2002 (the "Execution Date"), by and among SUMMIT BROKERAGE SERVICES, INC., a Florida corporation (the "COMPANY"), MARSHALL T. LEEDS, an individual shareholder of the Company ("LEEDS" or "PROXY"), RICHARD PARKER, an individual shareholder of the Company ("PARKER"), and JOAN PARKER, only with respect to the Jointly-Held Shares (defined below) ("JOAN PARKER"). RECITALS WHEREAS, Parker beneficially owns 4,690,765 shares of the issued and outstanding shares of common stock, par value $.0001 per share (the "COMMON STOCK"), of the Company, consisting of (i) 2,743,920 shares owned individually and directly by Parker, (ii) 1,049,170 shares issuable upon the exercis

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (August 19th, 2002)

EXHIBIT 10.15 SUMMIT BROKERAGE SERVICES, INC. EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into on this 22nd day of May, 2002, by and between SUMMIT BROKERAGE SERVICES, INC, a Delaware corporation (the "Company"), and Richard Parker (the "Executive"). RECITALS: WHEREAS, the Company is engaged in the securities business as a securities broker/dealer firm registered with the NASD and is also engaged, through a subsidiary, in the insurance business as an insurance broker (the "Business"), and has invested substantial time and money to develop and build substantial relationships with specific prospective or existing customers and other individuals and businesses with which it does business; and WHEREAS, the Board of Directors of the Company (the "Board") believes

Summit Brokerage Services Inc / Fl – COMMERCIAL LEASE (August 19th, 2002)

EXHIBIT 10.18 COMMERCIAL LEASE This Lease Agreement (this "Lease") is made effective as of May 22, 2002, by and between First America Living Trusts, Inc. ("Landlord") and Summit Brokerage Services, Inc. and its subsidiaries ("Tenant"). The parties agree as follows: PREMISES. Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant the premises located at 25 Fifth Avenue, Indialantic, Florida 32935 (the "Building"), less and except the two workstations and the product fulfillment room, and 50% of the learning center (the "Excepted Areas"), which are leased to Educational Seminars of America, Inc. ("ESA"). The Building, less the Excepted Areas, is sometimes referred to herein as the "Premises." The Premises equates to 85% of the Building being leased by Tenant, and 15% of the Building being leased by ESA. TERM. The Lease term will begin on May 14, 200

Summit Brokerage Services Inc / Fl – NON-QUALIFIED STOCK OPTION AGREEMENT (May 24th, 2002)

EXHIBIT 10.14 SUMMIT BROKERAGE SERVICES, INC. NON-QUALIFIED STOCK OPTION AGREEMENT FOR RICHARD PARKER AGREEMENT 1. Grant of Option. SUMMIT BROKERAGE SERVICES, INC. (the "COMPANY") hereby grants, as of and effective March 22, 2002 (the "DATE OF GRANT"), to RICHARD PARKER (the "OPTIONEE") an option (the "OPTION") to purchase up to 400,000 shares of the Company's Common Stock, $.0001 par value (the "STOCK"), at an exercise price per share equal to $0.50 (the "OPTION PRICE"). The Option shall be subject to the terms and conditions set forth herein. The Option is a nonqualified stock option, and not an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "CODE"). 2. Exercise Schedule. Except as othe

Summit Brokerage Services Inc / Fl – NON-QUALIFIED STOCK OPTION AGREEMENT (May 24th, 2002)

EXHIBIT 10.12 SUMMIT BROKERAGE SERVICES, INC. NON-QUALIFIED STOCK OPTION AGREEMENT FOR MARSHALL T. LEEDS AGREEMENT 1. Grant of Option. SUMMIT BROKERAGE SERVICES, INC. (the "COMPANY") hereby grants, as of and effective March 22, 2002 (the "DATE OF GRANT"), to MARSHALL T. LEEDS (the "OPTIONEE") an option (the "OPTION") to purchase up to 7,000,000 shares of the Company's Common Stock, $.0001 par value (the "STOCK"), at an exercise price per share equal to $0.25 (the "OPTION PRICE"). The Option shall be subject to the terms and conditions set forth herein. The Option is a nonqualified stock option, and not an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "CODE"). 2. Exercise Schedule. Except as

Summit Brokerage Services Inc / Fl – NON-QUALIFIED STOCK OPTION AGREEMENT (May 24th, 2002)

EXHIBIT 10.13 SUMMIT BROKERAGE SERVICES, INC. NON-QUALIFIED STOCK OPTION AGREEMENT FOR RICHARD PARKER AGREEMENT 1. Grant of Option. SUMMIT BROKERAGE SERVICES, INC. (the "COMPANY") hereby grants, as of and effective March 22, 2002 (the "DATE OF GRANT"), to RICHARD PARKER (the "OPTIONEE") an option (the "OPTION") to purchase up to 500,000 shares of the Company's Common Stock, $.0001 par value (the "STOCK"), at an exercise price per share equal to $0.10 the "OPTION PRICE"). The Option shall be subject to the terms and conditions set forth herein. The Option is a nonqualified stock option, and not an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "CODE"). 2. Exercise Schedule. Except as otherw

Summit Brokerage Services Inc / Fl – STOCK PURCHASE AGREEMENT (May 24th, 2002)

EXHIBIT 10.10 STOCK PURCHASE AGREEMENT THIS STOCK PURCHASE AGREEMENT (this "AGREEMENT"), dated as of March 22, 2002, by and between SUMMIT BROKERAGE SERVICES, INC., a Florida corporation (the "COMPANY"), RICHARD PARKER, an individual ("PARKER") and MARSHALL T. LEEDS, an individual (the "PURCHASER"). WITNESSETH: WHEREAS, the Company desires to sell to the Purchaser and the Purchaser desires to purchase from the Company Four Million (4,000,000) shares of Company's common stock, $.0001 par value per share (the "COMPANY SHARES"); and WHEREAS, Richard Parker, an affiliate of the Company ("PARKER") borrowed $100,000 from Purchaser ("BRIDGE LOAN") all of which funds were used by Parker to acquire from the Company 1,000,000 shares of the Company's common stock, $.0001 par value (the "PARKER SHARES"), which Parker Shares are pledged f

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (May 24th, 2002)

EXHIBIT 10.11 EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into as of and effective March 22, 2002, by and between SUMMIT BROKERAGE SERVICES, INC, a Delaware corporation (the "Company"), and Marshall T. Leeds (the "Executive"). RECITALS: WHEREAS, the Company and Executive have entered into that certain Stock Purchase Agreement dated March 22, 2002 (the "Stock Purchase Agreement") pursuant to which Executive will purchase shares of common stock of the Company and assume the title of Chief Executive Officer and Chairman upon the closing of such purchase (the "Closing"); and WHEREAS, the Company is engaged in the securities business as a securities broker/dealer firm registered with the NASD, and is also engaged, through a subsidiary, in the insurance business as an insurance broker (th

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (April 15th, 2002)

This Employment Agreement (“the Agreement”) is made by and among Summit Brokerage Services. Inc., (“the Company”) its subsidiaries, and any successor company, currently at 25 Fifth Avenue, Indialantic, FL. 32903 and Ronald Caprilla (“Employee”) currently having an address at 3474 Sylvan Drive, W. Melbourne, FL. 32909.

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (April 15th, 2002)

This Employment Agreement (the Agreement) is made by and among Summit Brokerage Services, Inc., (the Company) its subsidiaries, and any successor company, currently at 25 Fifth Avenue, Indialantic. FL. 32903 and Michael E. Dujovne (Employee) currently having an address at 2626 Lowell Circle, Melbourne, FL 32935.

Summit Brokerage Services Inc / Fl – AGREEMENT (April 2nd, 2002)

THIS AGREEMENT dated as of March __, 2002 is by and among Marshall T. Leeds (“Leeds”), Richard Parker (“Parker”) and Summit Brokerage Services, Inc. (“Summit”).

Summit Brokerage Services Inc / Fl – SECURED DEMAND NOTE COLLATERAL AGREEMENT (May 21st, 2001)

1 EXHIBIT 10.10 SECURED DEMAND NOTE COLLATERAL AGREEMENT -------------- FORM SL-3 -------------- NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. 1735 K STREET, N.W., WASHINGTON, D.C. 20006 2 NASD SECURED DEMAND NOTE COLLATERAL AGREEMENT SL-3 AGREEMENT BETWEEN: Lender: Summit Group of Companies Inc. -------------------------------------------------------------- (Name) 25 Fifth Ave. --------------------------------------------------------------

Summit Brokerage Services Inc / Fl – SECURED DEMAND NOTE COLLATERAL AGREEMENT (May 21st, 2001)

1 EXHIBIT 10.11 AMENDMENT TO SECURED DEMAND NOTE COLLATERAL AGREEMENT -------------------- FORM SDN-A -------------------- NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. 1735 K STREET, N.W., WASHINGTON, D.C. 20006 2 NASD SECURED DEMAND NOTE COLLATERAL AGREEMENT AMENDMENT EXTENDING THE MATURITY DATE SDN-A BETWEEN: LENDER Summit Group of Companies Inc. -------------------------------------------------------------------------- (NAME)

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (August 15th, 2000)

1 EXHIBIT 10.3 EMPLOYMENT AGREEMENT This Employment Agreement (the Agreement) by and among Summit Brokerage Services, Inc., (the Company) its subsidiaries, and any successor company, currently at 25 Fifth Avenue, Indialantic, FL 32903 and Mark F. Caulfield (Caulfield) currently having an address at 335 Spoonbill Lane, Melbourne Beach, FL 32951. WITNESSETH WHEREAS, the Company and Caulfield wish to set forth the terms and conditions upon which Caulfield shall be employed by the Company. NOW, THEREFORE, IN consideration of the mutual covenants and agreements set forth herein and for other goods and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. TERM. Caulfield has been, and shall be, employed by the Company for the period of January 1, 1998 thr

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (August 15th, 2000)

1 Exhibit 10.5 EMPLOYMENT AGREEMENT This Employment Agreement (the Agreement) is made as of this 22nd day of September, 1999 by and among Summit Brokerage Services, Inc., (the Company) and any successor company currently at 25 Fifth Avenue, Indialantic, FL. 32903 and William R. Turner (Turner) currently having an address at 13216 Tifton Dr., Tampa, FL 33618. WITNESSETH WHEREAS, the Company and Turner wish to set forth the terms and conditions upon which Turner shall hereinafter be employed by the Company. NOW, THEREFORE, IN consideration of the mutual covenants and agreements set forth herein and for other goods and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. Term. Turner shall be employed by the Company commencing on the above date hereof and terminating tw

Summit Brokerage Services Inc / Fl – ADDENDUM TO EMPLOYMENT AGREEMENT (August 15th, 2000)

1 EXHIBIT 10.4 ADDENDUM TO EMPLOYMENT AGREEMENT This addendum is made as of this 16th day of May, 2000 to the Employment Agreement between Summit Brokerage Services, Inc. (the Company) and William R. Turner, (Turner) dated September 22nd, 1999. The parties agree to the following changes: 3. COMPENSATION. Effective January 1st 2000 through the remaining term of the agreement, Turner shall forego his rights to receive 15,000 shares of company stock per year, in exchange for the change made to paragraph 5 below. 5. STOCK OPTIONS. Effective January 1st 2000 through the remaining term of the agreement, Turner shall forego his rights to receive 100,000 options (50,000 options each year of the term.) On the date hereof, the Company grants to Turner 160,00

Summit Brokerage Services Inc / Fl – NON-QUALIFIED STOCK OPTION AGREEMENT (August 15th, 2000)

1 EXHIBIT 10.1 FORM OF SUMMIT BROKERAGE SERVICES, INC. NON-QUALIFIED STOCK OPTION AGREEMENT AGREEMENT 1. Grant of Option. SUMMIT BROKERAGE SERVICES, INC. (the "Company") hereby grants, as of May 16, 2000 (the "Date of Grant"), to _____________ (the "Optionee") an option (the "Option") to purchase up to __________ shares of the Company's Common Stock, $.0001 par value (the "Stock"), at an exercise price per share equal to $2.50 (the "Option Price"). The Option shall be subject to the terms and conditions set forth herein. The Option is a nonqualified stock option, and not an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended. 2. Exercise Schedule. Except as otherwise provided in Section 5 of this Agreement, the Option shall be exercisable

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (August 15th, 2000)

1 EXHIBIT 10.2 EMPLOYMENT AGREEMENT This Employment Agreement (the Agreement) is made by and among Summit Brokerage Services, Inc., (the Company) its subsidiaries, and any successor company, currently at 25 Fifth Avenue, Indialantic, FL 32903 and Richard Parker (Parker) currently having an address at 417 Magnolia Lane, Melbourne Beach, FL 32951. WITNESSETH WHEREAS, the Company and Parker wish to set forth the terms and conditions upon which Parker shall hereinafter be employed by the Company. NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other goods and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. TERM. Parker has been, and shall be, employed by the Company for the period of January 1,

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (August 14th, 2000)

1 Exhibit 10.5 EMPLOYMENT AGREEMENT This Employment Agreement (the Agreement) is made as of this 22nd day of September, 1999 by and among Summit Brokerage Services, Inc., (the Company) and any successor company currently at 25 Fifth Avenue, Indialantic, FL. 32903 and William R. Turner (Turner) currently having an address at 13216 Tifton Dr., Tampa, FL 33618. WITNESSETH WHEREAS, the Company and Turner wish to set forth the terms and conditions upon which Turner shall hereinafter be employed by the Company. NOW, THEREFORE, IN consideration of the mutual covenants and agreements set forth herein and for other goods and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. Term. Turner shall be employed by the Company commencing on the above date hereof and terminating tw

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (August 14th, 2000)

1 EXHIBIT 10.3 EMPLOYMENT AGREEMENT This Employment Agreement (the Agreement) by and among Summit Brokerage Services, Inc., (the Company) its subsidiaries, and any successor company, currently at 25 Fifth Avenue, Indialantic, FL 32903 and Mark F. Caulfield (Caulfield) currently having an address at 335 Spoonbill Lane, Melbourne Beach, FL 32951. WITNESSETH WHEREAS, the Company and Caulfield wish to set forth the terms and conditions upon which Caulfield shall be employed by the Company. NOW, THEREFORE, IN consideration of the mutual covenants and agreements set forth herein and for other goods and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. TERM. Caulfield has been, and shall be, employed by the Company for the period of January 1, 1998 thr

Summit Brokerage Services Inc / Fl – ADDENDUM TO EMPLOYMENT AGREEMENT (August 14th, 2000)

1 EXHIBIT 10.4 ADDENDUM TO EMPLOYMENT AGREEMENT This addendum is made as of this 16th day of May, 2000 to the Employment Agreement between Summit Brokerage Services, Inc. (the Company) and William R. Turner, (Turner) dated September 22nd, 1999. The parties agree to the following changes: 3. COMPENSATION. Effective January 1st 2000 through the remaining term of the agreement, Turner shall forego his rights to receive 15,000 shares of company stock per year, in exchange for the change made to paragraph 5 below. 5. STOCK OPTIONS. Effective January 1st 2000 through the remaining term of the agreement, Turner shall forego his rights to receive 100,000 options (50,000 options each year of the term.) On the date hereof, the Company grants to Turner 160,00

Summit Brokerage Services Inc / Fl – NON-QUALIFIED STOCK OPTION AGREEMENT (August 14th, 2000)

1 EXHIBIT 10.1 FORM OF SUMMIT BROKERAGE SERVICES, INC. NON-QUALIFIED STOCK OPTION AGREEMENT AGREEMENT 1. Grant of Option. SUMMIT BROKERAGE SERVICES, INC. (the "Company") hereby grants, as of May 16, 2000 (the "Date of Grant"), to _____________ (the "Optionee") an option (the "Option") to purchase up to __________ shares of the Company's Common Stock, $.0001 par value (the "Stock"), at an exercise price per share equal to $2.50 (the "Option Price"). The Option shall be subject to the terms and conditions set forth herein. The Option is a nonqualified stock option, and not an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended. 2. Exercise Schedule. Except as otherwise provided in Section 5 of this Agreement, the Option shall be exercisable

Summit Brokerage Services Inc / Fl – EMPLOYMENT AGREEMENT (August 14th, 2000)

1 EXHIBIT 10.2 EMPLOYMENT AGREEMENT This Employment Agreement (the Agreement) is made by and among Summit Brokerage Services, Inc., (the Company) its subsidiaries, and any successor company, currently at 25 Fifth Avenue, Indialantic, FL 32903 and Richard Parker (Parker) currently having an address at 417 Magnolia Lane, Melbourne Beach, FL 32951. WITNESSETH WHEREAS, the Company and Parker wish to set forth the terms and conditions upon which Parker shall hereinafter be employed by the Company. NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other goods and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. TERM. Parker has been, and shall be, employed by the Company for the period of January 1,