Common Contracts

Mr. Kevin W. McAleer 17516 Oak Mount Place Dallas, Texas 75287 Re: Amendment of Compensation Letter Dear Kevin:

Letter Agreement • March 16th, 2009 • Penson Worldwide Inc • Security brokers, dealers & flotation companies

• Contract Type
  Letter Agreement
• Filed
  March 16th, 2009
• Company
  Penson Worldwide Inc
• Industry
  Security brokers, dealers & flotation companies

This letter agreement (the “Amendment Agreement”) amends that certain compensation letter between you and Penson Worldwide, Inc. (“PWI”) dated as of February 15, 2006 (the “Compensation Letter”).

Mr. Andrew B. Koslow 2942 Divisadero St. San Francisco, CA 94123 Re: Amendment of Compensation Letter Dear Andy:

Letter Agreement • March 16th, 2009 • Penson Worldwide Inc • Security brokers, dealers & flotation companies

• Contract Type
  Letter Agreement
• Filed
  March 16th, 2009
• Company
  Penson Worldwide Inc
• Industry
  Security brokers, dealers & flotation companies

This letter agreement (the “Amendment Agreement”) amends that certain compensation letter between you and Penson Worldwide, Inc. (“PWI”) dated as of August 26, 2002 (the “Compensation Letter”).