Mr. Andrew M. Senchak c/o KBW, Inc. 787 Seventh Avenue New York, NY 10019 Dear Andrew:
EXHIBIT 10.3
November 4, 2009
Dear Xxxxxx:
Reference is hereby made to the Amended and Restated Employment Agreement by and between KBW,
Inc. and you, dated as December 31, 2008 (the “Employment Agreement”). This letter confirms the
agreement between KBW, Inc. and you to amend the Employment Agreement to extend the Employment
Period (as defined in the Employment Agreement) to January 31, 2010, and, subject to your execution
of this letter below, hereby so amends the Employment Agreement.
Except as expressly amended hereby, the Employment Agreement shall remain in full force and
effect in accordance with the terms and conditions thereof.
Very truly yours,
| By: | /s/ Xxxxxxxx Xxxxxxxx | |||
| Name: | Xxxxxxxx Xxxxxxxx | |||
| Title: | General Counsel | |||
Acknowledged & agreed:
| /s/ Xxxxxx X. Xxxxxxx | Date: November 4, 2009 | |||
| XXXXXX X. XXXXXXX | ||||
