BGC PARTNERS, INC. Amendment No. 1 to Controlled Equity OfferingSM Sales Agreement
Exhibit 1.2
Execution Version
Amendment No. 1 to
Controlled Equity OfferingSM
Sales Agreement
Xxxxx 0, 0000
Xxxxxx Xxxxxxxxxx & Co.
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Ladies and Gentlemen:
Reference is made to the Controlled Equity OfferingSM Sales Agreement, dated March 9, 2018 (the “Sales Agreement”), by and between BGC Partners, Inc., a Delaware corporation (the “Company”), and Cantor Xxxxxxxxxx & Co. (“CF&Co”), pursuant to which the Company agreed to sell through the Agent, as sales agent, shares of the Company’s Class A common stock (the “Shares”). All capitalized terms used in this Amendment No. 1 to Controlled Equity OfferingSM Sales Agreement (this “Amendment”) not otherwise defined herein shall have the respective meanings assigned to such terms in the Sales Agreement. The Company and the Agent agree as follows:
A. Amendments to Sales Agreement. Section 11(d) of the Agreement shall be amended and restated as follows:
“(d) Unless earlier terminated pursuant to this Section 11, this Agreement shall automatically terminate upon the expiration of the Registration Statement, subject to any extension of the effectiveness of the Registration Statement pursuant to Rules 415(a)(5) and (6) under the Securities Act; provided, however, that the provisions of Section 7(g), Section 9, Section 10, Section 12, Section 16 and Section 17 shall remain in full force and effect notwithstanding such termination.”
B. Notwithstanding anything to the contrary contained herein, this Amendment shall not have any effect on the terms of the Sales Agreement prior to the Amendment Date, and the rights and obligations of the parties thereunder, including, without limitation, the representations, warranties and agreements (including the indemnification and contribution provisions), as well as the definitions of “Registration Statement” and “Prospectus,” contained in the Sales Agreement.
C. No Other Amendments. Except as set forth in Part A above, and except for any waiver or amendment of any provision of the Sales Agreement after the date hereof, all the terms and provisions of the Sales Agreement shall continue in full force and effect.
D. Counterparts. This Amendment may be executed in two counterparts, each of which shall be deemed an original, but both of which together shall constitute one and the same instrument. Delivery of an executed Amendment by one party to the other may be made by facsimile or by electronic delivery of a portable document format (PDF) file (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., xxx.xxxxxxxx.xxx).
E. Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to the principles of conflicts of laws.
If the foregoing correctly sets forth the understanding between us, please so indicate in the space provided below for that purpose.
| Very truly yours, | ||
| By: |
/s/ Xxxxxx Xxxxxx | |
| Name: Xxxxxx Xxxxxx | ||
| Title: Chief Financial Officer | ||
| ACCEPTED as of the date first-above written: | ||
| CANTOR XXXXXXXXXX & CO. | ||
| By: |
/s/ Xxxx Xxxxx | |
| Name: Xxxx Xxxxx | ||
| Title: Senior Managing Director, Global Head of Investment Banking | ||
