BGC Partners, Inc. Sample Contracts

BGC Partners, Inc. – Declares Quarterly Dividend of 14 Cents Conference Call to Discuss Results Scheduled for 10:00 AM ET Today (February 14th, 2019)

NEW YORK, NY – February 14, 2019 - BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC” or “the Company”), a leading global brokerage and financial technology company, today reported its financial results for the quarter and year ended December 31, 2018.

BGC Partners, Inc. – BGC Partners Updates its Post-Spin Outlook for Full Year 2018 (December 20th, 2018)

NEW YORK, NY – December 20, 2018 – BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners”, “BGC”, or the “Company”), a leading global brokerage and financial technology company, today announced that it had updated its outlook for full year 2018. This outlook excludes the results of its former subsidiary Newmark Group, Inc. (NASDAQ: NMRK) (“Newmark”), as all the shares of Newmark held by the Company were spun off (the “Spin-Off” or “Distribution”) to stockholders of BGC on November 30, 2018.1

BGC Partners, Inc. – BGC Partners, Inc. Unaudited Pro Forma Condensed Consolidated Financial Information (December 6th, 2018)

On November 30, 2018, BGC Partners, Inc. (“BGC” or the “Company”) completed its previously announced distribution (the “Distribution”) to its stockholders of all of the shares of common stock of Newmark Group, Inc. (“Newmark”) owned by BGC as of immediately prior to the effective time of the Distribution, with shares of Newmark Class A and Class B common stock distributed to the holders of shares of BGC Class A and Class B common stock, respectively, of record as of the close of business on November 23, 2018 (the “Record Date”). The shares of Newmark distributed included shares of Newmark Class A and Class B common stock into which the limited partnership units of Newmark Holdings, L.P. (“Newmark Holdings”) and Newmark Partners, L.P. (“Newmark OpCo”) owned by BGC were exchanged prior to and in connection with the Distribution.

BGC Partners, Inc. – BGC Partners Announces Completion of Spin-Off of Newmark (December 6th, 2018)

The Spin-Off was effective as of 12:01 a.m., New York City time, on November 30, 2018 (the “Distribution Date”) to BGC stockholders of record as of the close of business on November 23, 2018 (the “Record Date”). Based on the number of shares of BGC Partners Class A common stock outstanding as of the close of business on the Record Date, stockholders of BGC Partners Class A common stock received 0.463895 of a share of Newmark Class A common stock in the Distribution for every one share of BGC Partners Class A common stock held as of the Record Date.2 Following the Spin-Off, BGC no longer held any shares of Newmark.

BGC Partners, Inc. – CREDIT AGREEMENT Dated as of November 28, 2018 among BGC PARTNERS, INC. as the Borrower, CERTAIN SUBSIDIARIES OF THE BORROWER as Guarantors, BANK OF AMERICA, N.A., as Administrative Agent, CAPITAL ONE, NATIONAL ASSOCIATION, CITIBANK, N.A., GOLDMAN SACHS BANK USA, INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD., NEW YORK BRANCH, PNC BANK, NATIONAL ASSOCIATION and SANTANDER BANK, N.A., as Co- Syndication Agents, REGIONS BANK, as Documentation Agent and THE OTHER LENDERS PARTY HERETO Arranged By: MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, CAPITAL ONE, NATIONAL ASSOCIATION, CITIBANK, N.A., GO (November 30th, 2018)

This CREDIT AGREEMENT is entered into as of November 28, 2018 among BGC PARTNERS, INC., a Delaware corporation (the “Borrower”), the Guarantors from time to time party hereto, the Lenders (defined herein) and BANK OF AMERICA, N.A., as Administrative Agent.

BGC Partners, Inc. – AMENDED AND RESTATED SEPARATION AND DISTRIBUTION AGREEMENT by and among BGC PARTNERS, INC., BGC HOLDINGS, L.P., BGC PARTNERS, L.P., NEWMARK GROUP, INC., NEWMARK HOLDINGS, L.P., NEWMARK PARTNERS, L.P., and solely for purposes of Sections 2.09, 6.10, 6.11, 6.12, 6.13, 6.14 and 6.15, Article VIII and Article IX, CANTOR FITZGERALD, L.P. and solely for purposes of Sections 6.11 and 6.12 and Article VIII, BGC GLOBAL HOLDINGS, L.P. Dated as of December 13, 2017 Amended and Restated as of November 23, 2018 (November 27th, 2018)

This AMENDED AND RESTATED SEPARATION AND DISTRIBUTION AGREEMENT (this “Agreement”), dated as of November 23, 2018 (the “Execution Date”), is by and among BGC Partners, Inc., a Delaware corporation (“BGC Partners”), BGC Holdings, L.P., a Delaware limited partnership (“BGC Holdings”), BGC Partners, L.P., a Delaware limited partnership (“BGC U.S. Opco” and together with BGC Partners and BGC Holdings, the “BGC Entities”), Newmark Group, Inc., a Delaware corporation (“Newmark”), Newmark Holdings, L.P., a Delaware limited partnership (“Newmark Holdings”), Newmark Partners, L.P., a Delaware limited partnership (“Newmark Opco” and together with Newmark and Newmark Holdings, the “Newmark Entities”), and solely for purposes of Sections 2.09, 6.10, 6.11, 6.12, 6.13, 6.14 and 6.15 and Article XIII and Article IX, Cantor Fitzgerald, L.P., a Delaware limited partnership (“Cantor”), and solely for purposes of Sections 6.11 and 6.12 and Article VIII, BGC Global Holdings, L.P., a Cayman Islands limited

BGC Partners, Inc. – BGC Partners Announces Distribution Ratio for Spin-Off of Newmark (November 27th, 2018)

The Spin-Off will be effective as of 12:01 a.m., New York City time, on November 30, 2018 (the “Distribution Date”) to BGC stockholders of record as of the close of business on November 23, 2018 (the “Record Date”). Based on the number of shares of BGC common stock outstanding as of the close of business on the Record Date, stockholders of BGC Partners Class A common stock will receive 0.463895 of a share of Newmark Class A common stock in the Distribution for every one share of BGC Partners Class A common stock held as of the Record Date.2 Following the Spin-Off, BGC will no longer hold any shares of Newmark.

BGC Partners, Inc. – SECOND AMENDMENT TO CREDIT AGREEMENT (November 13th, 2018)

This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of November 9, 2018, among BGC PARTNERS, INC., a Delaware corporation (“BGC”), the Lenders (defined herein) signatory hereto and BANK OF AMERICA, N.A., as administrative agent (in such capacity, together with its successors in such capacity, the “Administrative Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement (defined herein).

BGC Partners, Inc. – BGC Partners Announces Spin-Off of Newmark (November 13th, 2018)

The Spin-Off will be effective as of 12:01 a.m., New York City time, on November 30, 2018 (the “Distribution Date”) to BGC stockholders of record as of the close of business on November 23, 2018 (the “Record Date”). Based on the number of common shares of BGC outstanding as of November 7, 2018, the Company estimates that, in the Distribution, stockholders of BGC Partners Class A common stock will receive approximately 0.4613 of a share of Newmark Class A common stock for every one share of BGC Partners Class A common stock held as of the Record Date.2 Following the Spin-Off, BGC will no longer hold any shares of Newmark.

BGC Partners, Inc. – AMENDMENT NO. 1 to SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP of BGC HOLDINGS, L.P. (November 8th, 2018)

This Amendment No. 1 (this “Amendment”) to the Second Amended and Restated Agreement of Limited Partnership of BGC Holdings, L.P., a Delaware limited partnership, dated as of December 13, 2017 (the “Agreement”), is dated as of November 8, 2018 and effective as of December 13, 2017.

BGC Partners, Inc. – AMENDMENT NO. 1 to SEPARATION AND DISTRIBUTION AGREEMENT (November 8th, 2018)

This AMENDMENT NO. 1, dated as of November 8, 2018 (this “Amendment”), to the SEPARATION AND DISTRIBUTION AGREEMENT, dated as of December 13, 2017 (the “Agreement”), is by and among BGC Partners, Inc., a Delaware corporation (“BGC Partners”), BGC Holdings, L.P., a Delaware limited partnership (“BGC Holdings”), BGC Partners, L.P., a Delaware limited partnership (“BGC U.S. Opco” and together with BGC Partners and BGC Holdings, the “BGC Entities”), Newmark Group, Inc., a Delaware corporation (“Newmark”), Newmark Holdings, L.P., a Delaware limited partnership (“Newmark Holdings”), Newmark Partners, L.P., a Delaware limited partnership (“Newmark Opco” and together with Newmark and Newmark Holdings, the “Newmark Entities”), and solely for the limited purposes set forth therein, Cantor Fitzgerald, L.P., a Delaware limited partnership (“Cantor”), and solely for the limited purposes set forth therein, BGC Global Holdings, L.P., a Cayman Islands limited partnership (“BGC Global Opco” and collect

BGC Partners, Inc. – BGC CALLS ITS 5.375% SENIOR NOTES DUE 2019 FOR REDEMPTION (November 8th, 2018)

NEW YORK, NY – November 6, 2018—BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC,” or the “Company”), a leading global brokerage and financial technology company, today announced that it has called all $300 million aggregate principal amount of its outstanding 5.375% Senior Notes due 2019 (the “Notes”) for redemption. The redemption of the Notes (the “Redemption”) will occur on December 5, 2018 (the “Redemption Date”).

BGC Partners, Inc. – Declares Quarterly Dividend of 18 Cents Conference Call to Discuss Results Scheduled for 10:00 AM ET Today (October 25th, 2018)

NEW YORK, NY – October 25, 2018 - BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC” or “the Company”), a leading global brokerage and financial technology company, today reported its financial results for the quarter ended September 30, 2018. BGC’s financial results consolidate those of the Company’s publicly traded and majority-owned subsidiary, Newmark Group, Inc. (NASDAQ: NMRK) (“Newmark”). Newmark, through its subsidiaries, operates a leading commercial real estate advisory firm that completed its initial public offering (“IPO”) on December 19, 2017. Unless otherwise stated, Newmark’s results are recorded for the purposes of this document as BGC’s “Real Estate Services” segment. Newmark reports its stand-alone results separately today.1

BGC Partners, Inc. – THIRD AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF NEWMARK PARTNERS, L.P. dated as of September 26, 2018 (September 28th, 2018)

This THIRD AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (together with all exhibits, annexes and schedules hereto, this “Agreement”) of Newmark Partners, L.P., a Delaware limited partnership (the “Partnership”), dated as of September 26, 2018, is by and among Newmark Holdings, LLC, a Delaware limited liability company (“Newmark Holdings, LLC”), as the general partner; Newmark Holdings, L.P., a Delaware limited partnership (“Newmark Holdings”), as a limited partner; Newmark Group, Inc., a Delaware corporation (“Newmark”), for purposes of Article IX and as a limited partner; Royal Bank of Canada (the “Preferred Unitholder”), as a limited partner; and the Persons to be admitted as Partners (as defined below) or otherwise parties hereto as set forth herein.

BGC Partners, Inc. – Newmark and BGC Partners Announce Monetization of an Additional Approximately (September 28th, 2018)

NEW YORK, NY – September 26, 2018 – Newmark Group, Inc. (NASDAQ: NMRK) (“Newmark” or “Newmark Group”), a leading full-service commercial real estate services business, and its parent company BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC”), a leading global brokerage and financial technology company, today announced that Newmark has entered into transactions related to the monetization of the shares of Nasdaq1 it expects to receive in 2021 and 2022 (the “Second Monetization” or the “September Transaction”). Both companies also updated their outlooks.

BGC Partners, Inc. – PARENT AGREEMENT (September 28th, 2018)

This THIRD AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (together with all exhibits, annexes and schedules hereto, this “Agreement”) of Newmark Partners, L.P., a Delaware limited partnership (the “Partnership”), dated as of September 26, 2018, is by and among Newmark Holdings, LLC, a Delaware limited liability company (“Newmark Holdings, LLC”), as the general partner; Newmark Holdings, L.P., a Delaware limited partnership (“Newmark Holdings”), as a limited partner; Newmark Group, Inc., a Delaware corporation (“Newmark”), for purposes of Article IX and as a limited partner; Royal Bank of Canada (the “Preferred Unitholder”), as a limited partner; and the Persons to be admitted as Partners (as defined below) or otherwise parties hereto as set forth herein.

BGC Partners, Inc. – Trade Date: September 25, 2018 Share Reference Price: USD 87.68 Forward Floor Price: 100% of the Share Reference Price Initial Amount: USD 16,711,298.66 Preferred Units: The “Series C Exchangeable Preferred Units” of Newmark Partners, L.P., as defined in the Newmark LPA (as amended and/or supplemented on or prior to the Trade Date), purchased by Dealer pursuant to the Parent Agreement (as amended and/or supplemented on or prior to the Trade Date). Optional Settlement Period: The 365-day period beginning on, and including November 30, 2021 First Possible Optional Settlement Date: November 30, 2 (September 28th, 2018)

This Supplemental Confirmation may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Supplemental Confirmation by signing and delivering one or more counterparts.

BGC Partners, Inc. – BGC PARTNERS AND NEWMARK ANNOUNCE COMPLETION OF THE REDEMPTION OF OUTSTANDING 8.125% SENIOR NOTES DUE 2042 BGC Partners and Newmark Announce Terms of Intercompany Financing (September 5th, 2018)

NEW YORK, NY – September 5, 2018 - BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC,”), a leading global brokerage company servicing the financial and real estate markets, today announced the completion of its redemption of all outstanding $112.5 million principal amount of its 8.125% Senior Notes due 2042, at par plus accrued and unpaid interest up to, but excluding, today.

BGC Partners, Inc. – BGC PARTNERS ANNOUNCES LAUNCH OF EXCHANGE OFFER FOR ITS 5.375% SENIOR NOTES DUE 2023 (August 13th, 2018)

NEW YORK, NY – August 13, 2018—BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC,” or “the Company”), a leading global brokerage company servicing the financial and real estate markets, today announced an offer to exchange up to $450 million aggregate principal amount of its outstanding 5.375% Senior Notes due 2023 (the “Old Notes”) for an equivalent amount of its 5.375% Senior Notes due 2023 registered under the Securities Act of 1933, as amended (the “Exchange Notes”).

BGC Partners, Inc. – AMENDMENT NO. 1 to CREDIT AGREEMENT (August 7th, 2018)

This Amendment No. 1 (this “Amendment”) to the Credit Agreement is entered into as of August 6, 2018, by and between Cantor Fitzgerald, L.P., a Delaware limited partnership (“Cantor”) and BGC Partners, Inc., a Delaware corporation (“BGC”).

BGC Partners, Inc. – Declares Quarterly Dividend of 18 Cents Conference Call to Discuss Results Scheduled for 10:00 AM ET Today (August 2nd, 2018)

NEW YORK, NY – August 2, 2018 - BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC” or “the Company”), a leading global brokerage company servicing the financial and real estate markets, today reported its financial results for the quarter ended June 30, 2018. BGC’s financial results consolidate those of the Company’s publicly traded and majority-owned subsidiary, Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark"). Newmark, through its subsidiaries, operates a leading commercial real estate advisory firm that completed its initial public offering (“IPO”) on December 19, 2017, and, unless otherwise stated, its results are recorded for the purposes of this document as BGC’s “Real Estate Services” segment. Newmark reports its stand-alone results separately today.1

BGC Partners, Inc. – BGC COMPLETES OFFERING OF $450 MILLION OF 5.375% SENIOR NOTES (July 25th, 2018)

NEW YORK, NY — July 24, 2018 — BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC” or the “Company”) today announced the closing of its offering of $450 million aggregate principal amount of 5.375% senior notes (the “notes”).

BGC Partners, Inc. – FOURTH SUPPLEMENTAL INDENTURE Dated as of July 24, 2018 Supplementing that Certain INDENTURE Dated as of June 26, 2012 Among BGC PARTNERS, INC., as Issuer and U.S. BANK NATIONAL ASSOCIATION, as Trustee 5.375% SENIOR NOTES DUE 2023 (July 25th, 2018)

This Fourth Supplemental Indenture, dated as of July 24, 2018 (this “Fourth Supplemental Indenture”), by and between BGC PARTNERS, INC., a corporation duly organized and existing under the laws of the State of Delaware (the “Company”), having its principal executive office located at 499 Park Avenue, New York, New York 10022; and U.S. Bank NATIONAL ASSOCIATION, a duly organized and existing national banking association under the laws of the United States, as trustee (the “Trustee”), supplements that certain Indenture, dated as of June 26, 2012, by and between the Company and the Trustee (the “Indenture”).

BGC Partners, Inc. – REGISTRATION RIGHTS AGREEMENT (July 25th, 2018)

This REGISTRATION RIGHTS AGREEMENT, dated July 24, 2018 (the “Agreement”), is entered into by and among BGC Partners, Inc., a Delaware corporation (the “Company”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Cantor Fitzgerald & Co., as representatives (the “Representatives”) of the initial purchasers listed in Exhibit A to the Purchase Agreement (as defined below) (the “Initial Purchasers”).

BGC Partners, Inc. – BGC ANNOUNCES PRICING OF $450 MILLION OF 5.375% SENIOR NOTES (July 20th, 2018)

NEW YORK, NY — July 19, 2018 — BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC” or the “Company”) today announced the pricing of its offering of $450 million aggregate principal amount of 5.375% senior notes (the “notes”).

BGC Partners, Inc. – BGC ANNOUNCES OFFERING OF SENIOR NOTES (July 20th, 2018)

NEW YORK, NY — July 19, 2018 — BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC” or the “Company”) today announced its intention to commence an offering of senior unsecured notes, subject to market conditions and other factors. The notes are to be offered and sold in a private offering exempt from the registration requirements under the Securities Act of 1933, as amended (the “Securities Act”).

BGC Partners, Inc. – PARENT AGREEMENT (June 20th, 2018)

This SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (together with all exhibits, annexes and schedules hereto, this “Agreement”) of Newmark Partners, L.P., a Delaware limited partnership (the “Partnership”), dated as of June 19, 2018, is by and among Newmark Holdings, LLC, a Delaware limited liability company (“Newmark Holdings, LLC”), as the general partner; Newmark Holdings, L.P., a Delaware limited partnership (“Newmark Holdings”), as a limited partner; Newmark Group, Inc., a Delaware corporation (“Newmark”), for purposes of Article IX and as a limited partner; Royal Bank of Canada (the “Preferred Unitholder”), as a limited partner; and the Persons to be admitted as Partners (as defined below) or otherwise parties hereto as set forth herein.

BGC Partners, Inc. – Variable Postpaid Forward Transaction (June 20th, 2018)
BGC Partners, Inc. – SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF NEWMARK PARTNERS, L.P. dated as of June 19, 2018 (June 20th, 2018)

This SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (together with all exhibits, annexes and schedules hereto, this “Agreement”) of Newmark Partners, L.P., a Delaware limited partnership (the “Partnership”), dated as of June 19, 2018, is by and among Newmark Holdings, LLC, a Delaware limited liability company (“Newmark Holdings, LLC”), as the general partner; Newmark Holdings, L.P., a Delaware limited partnership (“Newmark Holdings”), as a limited partner; Newmark Group, Inc., a Delaware corporation (“Newmark”), for purposes of Article IX and as a limited partner; Royal Bank of Canada (the “Preferred Unitholder”), as a limited partner; and the Persons to be admitted as Partners (as defined below) or otherwise parties hereto as set forth herein.

BGC Partners, Inc. – Newmark and BGC Partners Announce Monetization of Approximately Two Million Nasdaq Shares and Update Their Outlooks Newmark Retains all Upside to Expected Nasdaq Earn-out Eliminates Downside Risk for Anticipated 2019 and 2020 Payments Newmark to Receive Net Cash Proceeds of Approximately $153 million Strengthens both Companies’ Credit Metrics (June 20th, 2018)

NEW YORK, NY – June 20, 2018 – Newmark Group, Inc. (NASDAQ: NMRK) (“Newmark” or “Newmark Group”), a leading full-service commercial real estate services business, and its parent company BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC”), a leading global brokerage company servicing the financial and real estate markets, today announced that Newmark entered into transactions related to the monetization of the shares of Nasdaq1 it expects to receive in 2019 and 2020 (“the monetization”).

BGC Partners, Inc. – Declares Quarterly Dividend of 18 Cents Conference Call to Discuss Results Scheduled for 10:00 AM ET Today (May 3rd, 2018)

NEW YORK, NY – May 3, 2018 - BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC” or “the Company”), a leading global brokerage company servicing the financial and real estate markets, today reported its financial results for the quarter ended March 31, 2018. BGC’s financial results consolidate those of the Company’s publicly traded and majority-owned subsidiary, Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark"). Newmark is a leading commercial real estate advisory firm that completed its initial public offering (“IPO”) on December 19, 2017, and, unless otherwise stated, its results are recorded for the purposes of this document as BGC’s “Real Estate Services” segment. Newmark reports its stand-alone results separately today.1

BGC Partners, Inc. – AMENDED AND RESTATED CREDIT AGREEMENT (March 23rd, 2018)

This AMENDED AND RESTATED CREDIT AGREEMENT, dated as of March 19, 2018, is made by and between BGC PARTNERS, INC., a Delaware corporation (“BGC”), and NEWMARK GROUP, INC., a Delaware corporation (“Newmark”). Each of BGC and Newmark is referred to herein as a “Party” and together, the “Parties”.

BGC Partners, Inc. – CREDIT AGREEMENT (March 23rd, 2018)

This CREDIT AGREEMENT, dated as of March 19, 2018, is made by and between BGC PARTNERS, INC., a Delaware corporation (“BGC”), and CANTOR FITZGERALD, L.P., a Delaware limited partnership (“Cantor”). Each of BGC and Cantor is referred to herein as a “Party” and together, the “Parties”.

BGC Partners, Inc. – INVESTMENT AGREEMENT (March 7th, 2018)

This INVESTMENT AGREEMENT, dated as of March 6, 2018 (this “Agreement”), is by and among BGC Partners, Inc., a Delaware corporation (“BGC Partners”), BGC Holdings, L.P., a Delaware limited partnership (“BGC Holdings”), BGC Partners, L.P., a Delaware limited partnership (“BGC U.S. Opco”), BGC Global Holdings, L.P., a Cayman Islands limited partnership (“BGC Global Opco” and collectively with BGC U.S. Opco, the “BGC Opcos”), Newmark Group, Inc., a Delaware corporation (“Newmark”), Newmark Holdings, L.P., a Delaware limited partnership (“Newmark Holdings”), and Newmark Partners, L.P., a Delaware limited partnership (“Newmark Opco” and collectively, the “Parties” and each, a “Party”).

BGC Partners, Inc. – BGC PARTNERS AND NEWMARK GROUP TO REPAY REMAINING BALANCE OF $575 MILLION UNSECURED SENIOR TERM LOAN BGC Makes Substantial Additional Investment in Newmark Both Companies Greatly Improve Their Leverage Ratios BGC Raises its Consolidated Outlook and Newmark Reaffirms its Outlook Proposed Spin-Off of Newmark Still Expected to Occur1 (March 7th, 2018)

NEW YORK, NY – March 7, 2018 – BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC”), a leading global brokerage company servicing the financial and real estate markets, and its publicly traded subsidiary, Newmark Group, Inc. (NASDAQ: NMRK) (“Newmark”), today announced a substantial new investment by BGC in Newmark, which is expected to greatly enhance both companies’ credit metrics.