AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • October 24th, 2006 • Ladenburg Thalmann Financial Services Inc • Security & commodity brokers, dealers, exchanges & services • New York
WHEREAS LADENBURG THALMANN FINANCIAL SERVICES INC. (formerly known as GBI Capital Management Corp.) (“LTFS”) and LADENBURG CAPITAL MANAGEMENT INC. (formerly known as GBI Capital Partners Inc.) (“LCMI”) and MARK ZEITCHICK (the “Executive”) have entered into an EMPLOYMENT AGREEMENT, dated as of August 24, 1999 (“Original Agreement”), a first amendment to the Agreement dated February 8, 2001, a letter amendment dated February 8, 2001, a letter amendment dated May 7,2001, a second amendment dated August 30, 2001 (dated August 31, 2001 in the Form 8-K/A filed on September 10, 2001 by LTFS, as hereafter defined), a letter amendment dated October 10, 2002, an amendment in December 2003, and an August 5, 2004 amendment (together, the “Amended Agreement”); and
