0000950144-07-001275 Sample Contracts

DEBT EXCHANGE AGREEMENT
Debt Exchange Agreement • February 14th, 2007 • Ladenburg Thalmann Financial Services Inc • Security & commodity brokers, dealers, exchanges & services

THIS DEBT EXCHANGE AGREEMENT (“Agreement”), dated as February 13, 2007, among Ladenburg Thalmann Financial Services Inc., a Florida corporation (the “Company”), and New Valley LLC, a Delaware corporation (the “Holder”).

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