FIRST AMENDMENT TO MANAGING BROKER-DEALER AGREEMENT
Exhibit 1(b)
FIRST AMENDMENT TO MANAGING BROKER-DEALER AGREEMENT
THIS
FIRST AMENDMENT TO MANAGING BROKER-DEALER AGREEMENT (this
“First
Amendment”) is effective as of this 15th day of January
2021, by and between Lighthouse Life Capital, LLC, a Delaware
limited liability company (“LLC”),
and International Assets Advisory, LLC, a Florida limited liability
company (“IAA”).
RECITALS
A. LLC and IAA entered
into that certain Managing Broker-Dealer Agreement dated as of
October 16, 2020 (the “Original
Agreement”) pursuant to which IAA agreed to serve as
Managing Broker-Dealer of the Offering, as more particularly
described in the Original Agreement for the consideration specified
therein.
B. LLC and IAA desire
to amend the Original Agreement (the “MBD
Agreement”), as set forth herein. Capitalized terms
used but not defined herein shall have the meaning ascribed to them
in the MBD Agreement.
AGREEMENT
NOW,
THEREFORE, in consideration of the promises and mutual agreements
contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the
parties hereto do hereby agree as follows:
1. The recitals and
introductory paragraphs hereof form a part of this Agreement as if
fully set forth herein.
2. Section 5. The MBD Agreement is
hereby amended by deleting the final sentence in Section 5 and
replacing it with the following:
The Company, the Managing Broker-Dealer and each Dealer hereby
agree that venue for any action brought in connection with this
Managing Broker-Dealer Agreement shall lie exclusively in Orange
County, Florida.
3. Entire Agreement. The MBD
Agreement, as modified by this First Amendment, constitutes the
entire agreement between the parties hereto with respect to the
transactions contemplated therein. Except as modified by this First
Amendment, the MBD Agreement, including without limitation all
exhibits to the MBD Agreement, remains unchanged and unmodified and
in full force and effect, and the parties hereto hereby ratify and
affirm the same.
4. Counterparts.
This First Amendment may be executed in any number of counterparts
and it shall be sufficient that the signature of each party appear
on one or more such counterparts. All counterparts shall
collectively constitute a single agreement. Signatures to this First
Amendment transmitted by facsimile or electronic mail shall be
treated as originals in all respects.
[Remainder
of page intentionally left blank; signatures appear on following
pages]
IN
WITNESS WHEREOF, the parties hereto have entered into this First
Amendment as of the date first written above.
LLC:
A
Delaware limited liability company
By:
Lighthouse Life
Strategies, Inc.
Its:
Sole
Member
By:
/s/Xxxxxxx X.
Xxxxxxxx
Name:
Xxxxxxx X. Xxxxxxxx
Its:
Chief Executive Officer
IAA:
INTERNATIONAL
ASSETS ADVISORY, LLC
A
Florida limited liability company
By:
/s/ Xxxxxxx
Xxxxxxx
Name:
Xxxxxxx Xxxxxxx
Its: Chief
Operations Officer
[Signature
Page to First Amendment to Managing Broker-Dealer
Agreement]
