Exhibit 10.47 LETTER AGREEMENT DATED AS OF OCTOBER 24, 2005 TERMINATING THE AMENDED AND RESTATED AGREEMENT AND PLAN OF MERGER Olympic Cascade Letterhead October 24, 2005 Victor K. Kurylak First Montauk Financial Corp. Parkway 109 Office Center 328...Termination Agreement • October 25th, 2005 • Olympic Cascade Financial Corp • Security & commodity brokers, dealers, exchanges & services
Reference is made to that certain Amended and Restated Agreement and Plan of Merger dated as of June 27, 2005 by and among First Montauk Financial Corp. ("First Montauk"), Olympic Cascade Financial Corporation ("Olympic") and OLY Acquisition Corp. (the "Merger Agreement"). All capitalized terms herein not otherwise defined shall have the meaning ascribed to them in the Merger Agreement.
