SAI Holdings, Inc.Penson Worldwide Inc • February 16th, 2007 • Security brokers, dealers & flotation companies
We refer to that certain Purchase Agreement dated as of November 6, 2006 among Goldenberg Hehmeyer & Co., Goldenberg LLC, Hehmeyer LLC, GH Trading LLC, GHCO Partners LLC, Christopher Hehmeyer, Ralph Goldenberg, SAI Holdings, Inc., GH1 Inc. and GH2 LLC and Christopher Hehmeyer in his capacity as Seller’s Representative (the “Purchase Agreement”). Capitalized terms used in this letter but not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement.
SECOND AMENDMENT TO CREDIT AGREEMENTCredit Agreement • February 16th, 2007 • Penson Worldwide Inc • Security brokers, dealers & flotation companies • Texas
THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of the 16th day of February, 2007, to be effective as of May 26, 2006, by and among the lenders listed on the signature pages hereof (the “Lenders”), PENSON WORLDWIDE, INC., a Delaware corporation (“Borrower”), GUARANTY BANK, as Administrative Agent, Swing Line Lender, Arranger and Letter of Credit Issuer for the Lenders (the “Administrative Agent”), and Wachovia Bank, National Association, as Documentation Agent (the “Documentation Agent”), each to the extent and in the manner provided for in the Credit Agreement (defined below and herein so called).
