CONSULTING AGREEMENT FOR SERVICES OF INDEPENDENT CONTRACTORConsulting Agreement for Services of Independent • May 4th, 2016 • Piper Jaffray Companies • Security brokers, dealers & flotation companies • Texas
THIS CONSULTING AGREEMENT (this “Agreement”) is made and entered into as of November 16, 2015, (the “Effective Date”) by and between Piper Jaffray & Co., a Delaware corporation (the “Company”), a registered broker-dealer and FINRA member firm, and Michael E. Frazier, an individual (the “Contractor”), as a material inducement to the Company to enter into that certain Securities Purchase Agreement, dated November 16, 2015, by and among the Company, Simmons & Company International, a Texas corporation (together with any successors in interest, “Simmons”), and certain affiliates (the “Purchase Agreement”), pursuant to which the Company has agreed to purchase all of the outstanding equity interests of Simmons& Company International LP, a Delaware limited partnership (the “Purchase”), and in connection with which the Contractor shall receive shares of restricted common stock of Piper Jaffray Companies, a Delaware corporation and the Company’s parent (“Parent”), as a portion of Contractor’s c
