<SEC-DOCUMENT>0001193125-11-107769.txt : 20110425
<SEC-HEADER>0001193125-11-107769.hdr.sgml : 20110425
<ACCEPTANCE-DATETIME>20110425163254
ACCESSION NUMBER:		0001193125-11-107769
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20110419
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110425
DATE AS OF CHANGE:		20110425

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INSTITUTIONAL FINANCIAL MARKETS, INC.
		CENTRAL INDEX KEY:			0001270436
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				161685692
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32026
		FILM NUMBER:		11777731

	BUSINESS ADDRESS:	
		STREET 1:		CIRA CENTRE, 2929 ARCH STREET
		STREET 2:		17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104-2870
		BUSINESS PHONE:		215-701-9555

	MAIL ADDRESS:	
		STREET 1:		CIRA CENTRE, 2929 ARCH STREET
		STREET 2:		17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104-2870

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COHEN & Co INC.
		DATE OF NAME CHANGE:	20091216

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALESCO FINANCIAL INC
		DATE OF NAME CHANGE:	20061006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUNSET FINANCIAL RESOURCES INC
		DATE OF NAME CHANGE:	20031117
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>INSTITUTIONAL FINANCIAL MARKETS, INC.
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<TITLE>Institutional Financial Markets, Inc.</TITLE>
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 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 8-K
</B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Securities Exchange Act of
1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Date of Report (Date of earliest event reported): April&nbsp;19, 2011 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>INSTITUTIONAL FINANCIAL MARKETS, INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact name of registrant as specified in its charter) </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Maryland</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1-32026</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>16-1685692</B></FONT></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State or other jurisdiction</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>of incorporation)</B></FONT></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Commission</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>File Number)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(IRS Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Identification Number)</B></FONT></P></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Cira Centre</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>2929 Arch Street, 17th Floor</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Philadelphia,
Pennsylvania</B></FONT></P></TD>
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<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>19104</B></FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive offices)</B></FONT></TD>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Zip Code)</B></FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Registrant&#146;s telephone number, including area code: (215)&nbsp;701-9555 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Former name or former address, if changed since last report.)
</B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below): </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;1.01</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Entry into a Material Definitive Agreement. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">On April&nbsp;19, 2011, IFMI, LLC (&#147;IFMI&#148;), a subsidiary of Institutional Financial Markets, Inc. (the &#147;Company&#148;), entered into a Contribution Agreement (the &#147;Contribution
Agreement&#148;) with PrinceRidge Partners LLC, a Delaware limited liability company (&#147;PrinceRidge GP&#148;), and PrinceRidge Holdings LP, a Delaware limited partnership (&#147;PrinceRidge&#148;), pursuant to which IFMI will cause a wholly
owned subsidiary to contribute all of the equity ownership interests in Cohen&nbsp;&amp; Company Capital Markets, LLC (&#147;CCCM&#148;), a broker-dealer comprising a substantial part of IFMI&#146;s capital markets segment, to PrinceRidge in
exchange for an approximately 70% equity interest in both PrinceRidge and PrinceRidge GP (together, the &#147;PrinceRidge Entities&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Under the terms of the Contribution Agreement, the equity in CCCM together with cash, if necessary, shall have a book value of $45 million. The approximately 70% equity interest in each of the PrinceRidge
Entities that will be issued to IFMI will be subject to a post-closing adjustment based on the valuation of the respective entities&#146; securities portfolios and membership equity at the time of closing. Prior to the closing of this transaction,
IFMI and the PrinceRidge Entities may identify securities in the other&#146;s portfolio for liquidation up to specified thresholds. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The capital markets professionals at CCCM, as well as certain support staff, totaling approximately 61 employees, will either continue employment with CCCM or be hired by PrinceRidge. The Contribution
Agreement also provides that PrinceRidge will file an application with the Financial Services Authority (&#147;FSA&#148;) to register and authorize a newly formed broker-dealer organized in the United Kingdom and that, once such broker-dealer is
duly registered and authorized, the capital markets professionals in IFMI&#146;s European capital markets operation, EuroDekania Management Limited, will be transferred to the new PrinceRidge FSA-regulated entity. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The transactions contemplated by the Contribution Agreement are subject to the approval of the Financial Industry Regulatory Authority
(&#147;FINRA&#148;). Each of CCCM and The PrinceRidge Group LLC (&#147;PrinceRidge Group&#148;), a broker-dealer wholly owned by PrinceRidge, have filed continuing membership applications with FINRA in connection with the proposed change in
ownership to be effectuated at both broker-dealers as a result of the transaction. If at the end of the initial thirty-day review period, FINRA has not taken any action to halt the transaction and has not imposed interim restrictions that would
effectively prevent the closing from taking place, the parties anticipate that the initial closing will occur within sixty days following the date of the Contribution Agreement. The final closing will occur following receipt of the final FINRA
approvals. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each of IFMI and the PrinceRidge Entities have made representations and warranties in the Contribution Agreement
and have agreed to various restrictions, covenants and agreements. The Contribution Agreement contains standard termination provisions and allows both IFMI and the PrinceRidge Entities to terminate if the initial closing has not occurred by
June&nbsp;18, 2011 or the final FINRA approvals have not been obtained by November&nbsp;30, 2011. The Contribution Agreement contains a two-year indemnity that is limited primarily to adjusting the equity interests in the PrinceRidge Entities among
the members or partners, as applicable, and, in the event of an indemnity to IFMI for liabilities transferred with CCCM, in cash to IFMI from PrinceRidge. The transaction is subject to a number of closing conditions as set forth in the Contribution
Agreement. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Upon the closing of the transactions, John Costas, Chairman of PrinceRidge, and Michael
Hutchins, Chief Executive Officer of PrinceRidge, will enter into executive agreements with PrinceRidge, pursuant to which each of Mr. Costas and Mr. Hutchins will receive 424,371 shares of restricted stock in the Company under the Company&#146;s
2010 Long-Term Incentive Plan, plus an additional 2.5% of the equity in PrinceRidge, all of which will be subject to time-based vesting and employment requirements. In addition, upon the closing of the transactions, Daniel G. Cohen, the
Company&#146;s Chairman, Chief Executive Officer and Chief Investment Officer, will enter into an executive agreement with PrinceRidge, pursuant to which he will serve as the Vice Chairman of the Board of Managers of PrinceRidge GP and the Chief
Investment Officer and Managing Director and head of the Structured Products division of PrinceRidge. Pursuant to these executive agreements, Messrs. Costas, Hutchins and Cohen will receive a base salary of $200,000 from PrinceRidge and an
additional annual allocation based on the profits of PrinceRidge. Any amounts payable to Mr. Cohen as a result of the executive agreement will offset amounts payable to Mr. Cohen under his current employment agreement with the Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Upon the closing of the transactions contemplated by the Contribution Agreement, the parties will enter into a Reimbursement Agreement,
pursuant to which each party will provide the other with certain services related to the business of CCCM and the PrinceRidge Entities (including, for example, accounting and information technology support) for a 15-month period following the
closing of the transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Upon the closing of the transactions, the limited liability company agreement of PrinceRidge GP
and the limited partnership agreement of PrinceRidge will be amended and restated and IFMI will be admitted as a member of PrinceRidge GP and a limited partner in PrinceRidge. Following the closing of the transactions contemplated by the
Contribution Agreement, PrinceRidge GP&#146;s Board of Managers will be comprised of five members: three IFMI appointees who currently serve on the Company&#146;s Board of Directors, consisting of Daniel G. Cohen, Walter Beach and Lance Ullom, and
John Costas and Michael Hutchins. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The foregoing description of the Contribution Agreement does not purport to be complete and
is qualified in its entirety by reference to the Contribution Agreement, which is attached hereto as Exhibit 2.1 and is incorporated into this report by reference. The registrant has omitted schedules, exhibits and similar attachments to the subject
agreement pursuant to Item&nbsp;601(b)(2) of Regulation S-K. The registrant will furnish a copy of any omitted schedule, exhibit or similar attachment to the SEC upon request. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Contribution Agreement and the above description of the Contribution Agreement have been included to provide investors and securityholders with information regarding the terms of the Contribution
Agreement. It is not intended to provide any other factual information about the Company, IFMI, the PrinceRidge Entities or their respective subsidiaries or affiliates. The Contribution Agreement contains representations, warranties and covenants of
each of the Company and IFMI and its subsidiaries, on the one hand, and the PrinceRidge Entities and their subsidiaries, on the other hand, made solely for the benefit of the other. The assertions embodied in those representations and warranties are
qualified by information in confidential disclosure schedules that the parties have exchanged in connection with the execution of the Contribution Agreement. The confidential disclosure schedules contain information that modifies, qualifies and
creates exceptions to the representations and warranties set forth in the Contribution Agreement. Moreover, the representations and warranties in the Contribution Agreement were used for the purpose of allocating risk between IFMI, on the one hand,
and the PrinceRidge Entities, on the other hand. Securityholders are not third-party beneficiaries under the Contribution Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations
of the actual state of facts or condition of the Company, IFMI or the PrinceRidge Entities. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Forward-looking Statements </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This report contains certain statements, estimates and forecasts with respect to future performance and events. These statements,
estimates and forecasts are &#147;forward-looking statements.&#148; In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as &#147;may,&#148; &#147;might,&#148; &#147;will,&#148;
&#147;should,&#148; &#147;expect,&#148; &#147;plan,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;predict,&#148; &#147;potential&#148; or &#147;continue&#148; or the negatives thereof or variations thereon or similar
terminology. All statements other than statements of historical fact included in this communication are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks,
uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are based on our current expectations and projections about future
events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking
statements including, but not limited to, the receipt of approval of FINRA and the closing of the PrinceRidge transaction, in addition to those discussed under the heading &#147;Risk Factors&#148; and &#147;Management&#146;s Discussion and Analysis
of Financial Condition&#148; in our filings with the Securities and Exchange Commission (&#147;SEC&#148;), which are available at the SEC&#146;s website at www.sec.gov and our website at www.IFMI.com/sec-filings. Such risk factors include the
following: (a) a decline in general economic conditions or the global financial markets, (b) losses caused by financial or other problems experienced by third parties, (c) losses due to unidentified or unanticipated risks, (d) a lack of liquidity,
i.e., ready access to funds for use in our businesses, (e) the ability to attract and retain personnel, (f) litigation and regulatory issues, (g) competitive pressure; and (h) a potential Ownership Change under Section 382 of the Internal Revenue
Code. As a result, there can be no assurance that the forward-looking statements included in this communication will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described
in the forward-looking statements in this communication might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not undertake any obligation to update any forward-looking
statements, whether as a result of new information, future events or otherwise. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;8.01</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Other Events. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">On
April&nbsp;19, 2011, the Company issued a press release related to the transactions described under Item&nbsp;1.01 above, which is furnished herewith as Exhibit 99.1. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The information in the preceding paragraph, as well as Exhibit 99.1 referenced therein, shall not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as
amended, nor shall it be deemed incorporated by reference in filings under the Securities Act of 1933, as amended. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;9.01</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Financial Statements and Exhibits. </B></FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibits </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:26pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1">Exhibit<BR>Number</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:37pt"><FONT STYLE="font-family:Times New Roman" SIZE="1">Description</FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;2.1*</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Contribution Agreement</FONT></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">99.1*</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release Regarding PrinceRidge Contribution Agreement dated April 19, 2011.</FONT></TD></TR></TABLE>
<P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Filed electronically herewith. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>SIGNATURES </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">INSTITUTIONAL FINANCIAL MARKETS, INC.</FONT></TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: April&nbsp;25, 2011</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ JOSEPH W. POOLER, JR.</FONT></P></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Joseph W. Pooler, Jr.</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Vice President and</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief Financial Officer</FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT INDEX </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:26pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1">Exhibit<BR>Number</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:37pt"><FONT STYLE="font-family:Times New Roman" SIZE="1">Description</FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;2.1*</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Contribution Agreement</FONT></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">99.1*</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release Regarding PrinceRidge Contribution Agreement dated April 19, 2011.</FONT></TD></TR></TABLE>
<P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Filed electronically herewith. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">6 </FONT></P>

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<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>dex21.htm
<DESCRIPTION>CONTRIBUTION AGREEMENT
<TEXT>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 2.1 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2">EXECUTION VERSION </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">CONTRIBUTION AGREEMENT
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">by and among </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">IFMI, LLC, </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PRINCERIDGE PARTNERS LLC </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">PRINCERIDGE
HOLDINGS LP </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dated as of April&nbsp;19, 2011 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 1 DEFINITIONS</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 2 CONTRIBUTION AND ASSUMPTION OF ASSETS AND LIABILITIES</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Contributed Assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Excluded Assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Assumption of Liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Retained Liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Issuance of the IFMI Equity Interests</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Review of IFMI Equity Interests</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Final Calculations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">6</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Final Adjustments</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Interim Closing</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Interim Closing Deliveries by IFMI</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Interim Closing Deliveries by PrinceRidge</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Interim Closing Deliveries by PrinceRidge GP</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">13</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Final Closing</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tax Treatment</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 3 REPRESENTATIONS AND WARRANTIES BY IFMI</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Organization and Qualification</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Authorization</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Non-Contravention; Approvals</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Absence of Certain Changes or Events</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Compliance with Laws</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Broker-Dealer Matters; Investment Advisory Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Investment Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Business Liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Contributed Assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">No Legal Proceedings</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Taxes</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employee Benefits</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employment Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Real Property</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Certain Business Practices</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">IFMI Financial Statements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">26</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Contracts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">27</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">No Other Agreements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Insurance</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Intellectual Property</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">No Brokers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Acknowledgements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.23</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Capitalization</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR></TABLE>
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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 4 REPRESENTATIONS AND WARRANTIES OF THE PRINCERIDGE ENTITIES</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">30</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Organization and Qualification</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">30</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Authorization</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Non-Contravention; Approvals</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Absence of Certain Changes or Events</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Compliance with Laws</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">32</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Broker-Dealer Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">33</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Investment Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Capitalization</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">36</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title to Assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">36</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">No Legal Proceedings</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Taxes</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">37</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employee Benefits</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employment Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Real Property</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">39</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Certain Business Practices</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">39</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge Financial Statements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Material Contracts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Insurance</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Intellectual Property</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">No Brokers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">42</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Acknowledgements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 5 COVENANTS</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Conduct of Business</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">43</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Access</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">47</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notice of Events</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">48</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Commercially Reasonable Efforts; Filings and Authorizations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">49</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Public Announcements; Confidentiality</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">50</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">UK Broker-Dealer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">51</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Provision of Trading Information</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">52</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Non-Competition and Non-Solicitation Agreements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">53</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Non-Solicitation of Competing Transactions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">53</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tax Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">54</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">SEC Disclosure Requirements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">55</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">CMBS LOI</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">56</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Restricted Stock</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">56</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Further Assurances</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 6 EMPLOYEES AND EMPLOYEE BENEFITS</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Post-Interim Closing Employee Matters</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">58</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 6.2</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Post-Interim Closing Employee Benefits</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">59</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Shared IFMI Employees</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">60</FONT></TD>
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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 7 CONDITIONS TO THE INTERIM CLOSING</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">60</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.1</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Conditions Precedent to Obligations of the Parties</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">60</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.2</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Conditions Precedent to Obligations of IFMI</FONT></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">60</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.3</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Conditions to Obligations of the PrinceRidge Entities</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">62</FONT></TD>
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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 8 CONDITIONS TO THE FINAL CLOSING</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">63</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;8.1</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Conditions Precedent to Obligations of the Parties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">63</FONT></TD>
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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 9 INDEMNIFICATION</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">63</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.1</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indemnification by IFMI</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">63</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.2</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indemnification by the PrinceRidge Entities</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">65</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.3</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Claims Procedure</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">67</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.4</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Third Party Claims</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">68</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.5</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Survival of Representations and Warranties</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">69</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.6</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Limitations on Liability</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">70</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.7</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mitigation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">70</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.8</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Remedies Exclusive</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">70</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.9</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Effect of Waiver of Condition</FONT></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">70</FONT></TD>
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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 10 TERMINATION OF AGREEMENT</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">70</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;10.1</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Termination</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">70</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;10.2</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Procedure Upon Termination</FONT></TD>
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<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">72</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;10.3</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Effect of Termination</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">72</FONT></TD>
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<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 11 MISCELLANEOUS</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">72</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.1</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Expenses</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">72</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.2</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Governing Law</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">72</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.3</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Consent to Jurisdiction</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">72</FONT></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.4</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Specific Performance</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Waiver of Jury Trial</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Binding Effect; Third Party Beneficiaries; Assignment</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Interpretation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Counterparts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Entire Agreement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Severability</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Amendments and Waivers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">74</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notices</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">75</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-iii-
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Annexes </U></B></FONT></P>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex&nbsp;A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Defined Terms</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex B-I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge GP LLC Agreement</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex B-II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge LP Agreement</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex C</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Termination and Separation Agreement</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex D</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Transaction Steps Plan</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex E</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reimbursement Agreement</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex F-I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form of Individual Member Supplementary Agreement</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex F-II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">IFMI Supplementary Agreement</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex G-I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Agreement of Ahmed A. Alali</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex G-II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Agreement of Daniel G. Cohen</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex G-III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Agreement of John P. Costas</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex G-IV</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Agreement of Colette Dow</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex G-V</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Agreement of Ronald J. Garner</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex G-VI</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Agreement of Michael T. Hutchins</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex G-VII</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Agreement of Matthew G. Johnson</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annex H</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form of Joinder</FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Schedules </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>IFMI Schedules </B></FONT></P>
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<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="81%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Non-Contravention; Approvals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Absence of Certain Changes or Events</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.5(d)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">CCCM Permits</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.6(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Licenses and Registrations of Transferring Employees</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.6(i)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">CCCM Memberships</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.8(a)(i)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Assumed Liabilities</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">No Legal Proceedings</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employee Benefits</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.13(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employment Matters</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Real Property</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.16(d)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">IFMI Liabilities</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.17(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">CCCM Contracts or Arrangements with IFMI</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.17(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">CCCM Material Contracts</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Insurance</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.20(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Intellectual Property</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.20(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Intellectual Property Litigation</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.23(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">CCCM Equity Interests</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 3.23(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Outstanding Subscriptions</FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PrinceRidge Entities
Disclosure Schedules </B></FONT></P>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Non-Contravention; Approvals</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Absence of Certain Changes or Events</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Compliance with Laws</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.6(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge Organizational Chart</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.6(h)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge Memberships</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-iv-
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="1">Page</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.8(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Capitalization</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.8(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Subsidiary Capitalization</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.8(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Outstanding Equity Rights</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">No Legal Proceedings</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Taxes</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.12(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employee Benefit Plans</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.13(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Employment Matters</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Real Property</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.16(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge Liabilities</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.17(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Material Contracts</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Insurance</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.19(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Intellectual Property</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.19(b)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Intellectual Property Litigation</FONT></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Other Schedules
</B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="81%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 2.5(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">IFMI Equity Interest Calculation</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 2.6(a)(i)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">CCCM Securities</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 2.6(a)(ii)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge Securities</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 2.9(d)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Management Interests</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 5.1(a)(ix)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Conduct of Business &#150; Capital Expenditures</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule&nbsp;5.1(b)(vii)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Conduct of Business &#150; Capital Expenditures</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 5.6(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">U.K. Employees</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 5.6(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Cross-Border Revenue Commissions Allocation</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 5.6(d)(A)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">UK Business Contributed Securities Related Liabilities</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 5.6(d)(B)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">UK Business Assumed Contracts</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 5.13(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Restricted Stock</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 5.13(e)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">IFMI Retained Restricted Stock</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 6.1(d)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Permissible Transferred Employees Offers</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 6.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Shared IFMI Employees</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 7.2(e)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Third Party Consents &#150; IFMI</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 7.3(h)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Third Party Consents &#150; PrinceRidge</FONT></TD></TR></TABLE>
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 <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CONTRIBUTION AGREEMENT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CONTRIBUTION AGREEMENT</B>, dated as of April&nbsp;19, 2011 (this &#147;<U>Agreement</U>&#148;), by and among IFMI, LLC, a Delaware
limited liability company (&#147;<U>IFMI</U>&#148;), PrinceRidge Holdings LP, a Delaware limited partnership (&#147;<U>PrinceRidge</U>&#148;) and PrinceRidge Partners LLC, a Delaware limited liability company (&#147;<U>PrinceRidge GP</U>&#148; and
together with PrinceRidge, the &#147;<U>PrinceRidge Entities</U>&#148;). </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">RECITALS: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, IFMI is an investment firm engaged in, among other things, the Business, and is the indirect owner of 100% of the Equity
Interests in Cohen&nbsp;&amp; Company Capital Markets, LLC, a Delaware limited liability company (&#147;<U>CCCM</U>&#148;); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, pursuant to the Transaction Steps Plan, as set forth in Annex D, each of the parties hereto shall undertake the
transactions set forth therein; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, in accordance with the terms and on the conditions set forth herein, IFMI
desires to contribute, transfer, assign and deliver to PrinceRidge, and PrinceRidge desires to take, assume and accept delivery of, all of IFMI&#146;s rights, title and interests in and to the Contributed Assets (including the CCCM Equity Interests
as well as certain cash, if required hereby), free and clear of all Liens except for Permitted Liens (the &#147;<U>Contribution</U>&#148;); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, the Constituent Documents of the PrinceRidge Entities shall be amended and restated effective as of the Interim Closing as set forth in <U>Parts I</U> and <U>II</U> of <U>Annex B</U>
attached hereto, so as to effect (i)&nbsp;the authorization and issuance of the IFMI Equity Interests (as hereinafter defined), (ii)&nbsp;the admission of IFMI as a Class&nbsp;A Partner of PrinceRidge and as a Member of PrinceRidge GP, and
(iii)&nbsp;the amendment of the governance and other provisions of such Constituent Documents; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, in order to
effectuate the provisions and purposes of this Agreement and the Transactions, each of the Ancillary Documents shall be entered into effective as of the Interim Closing as attached hereto; and in particular, (i)&nbsp;the Termination and Separation
Agreement shall be entered into as set forth in Annex C; (ii)&nbsp;the Reimbursement Agreement shall be entered into as set forth in Annex E; (iii)&nbsp;each of the Individual Member Supplementary Agreements shall be entered into in the form
attached in Part I of Annex F, and the IFMI Supplementary Agreement shall be entered into as attached in Part II of Annex F; (iv)&nbsp;each of the Executive Agreements shall be entered into as set forth in Parts I through VII of Annex G,
respectively; and (v)&nbsp;the Joinder Agreements for each of the two IFMI Managers shall be entered into in the form attached as Annex H. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, in accordance with the terms and on the conditions set forth herein, including but not limited to the Transaction Steps Plan, in exchange for the Contribution, (i)&nbsp;PrinceRidge and
PrinceRidge GP wish to issue and deliver, and IFMI wishes to accept, the IFMI Equity Interests at the Interim Closing and (ii)&nbsp;(x)&nbsp;PrinceRidge wishes to admit IFMI, and IFMI wishes to be admitted, as a Class&nbsp;A Partner and
(y)&nbsp;PrinceRidge GP wishes to admit IFMI, and IFMI wishes to be admitted, as a Member; and </FONT></P>

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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS</B>, in accordance with the terms and on the conditions set forth herein, IFMI
desires to grant to the PrinceRidge Group the right to employ the Transferring Employees after the Interim Closing; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>NOW,
THEREFORE</B>, in consideration of and premised upon the representations, warranties, covenants and other agreements of the parties contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 1 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>DEFINITIONS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The terms defined or referenced in <U>Annex A</U>, whenever used herein, shall have the meanings set forth therein for all purposes of this Agreement. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 2 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CONTRIBUTION AND ASSUMPTION OF ASSETS AND LIABILITIES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.1 <U>Contributed Assets</U>. Upon the terms and subject to the conditions contained herein, at the Interim Closing, IFMI shall, or shall cause the Involved Subsidiaries to, contribute,
transfer, assign and deliver to PrinceRidge, and PrinceRidge shall take, assume and accept from IFMI or any Involved Subsidiary all of IFMI&#146;s or such Involved Subsidiary&#146;s rights, title and interests in, to and under all of the following
assets of IFMI and the Involved Subsidiaries with respect to the Business as of immediately prior to, and without giving effect to, the Interim Closing (collectively, the &#147;<U>Contributed Assets</U>&#148;), free and clear of all Liens except for
Permitted Liens: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) 100% of the CCCM Equity Interests; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) the Contributed Cash. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.2 <U>Excluded Assets</U>. Notwithstanding anything contained in <U>Section&nbsp;2.1</U> to the contrary, IFMI shall not be deemed in any manner to have contributed to PrinceRidge any assets
of IFMI or the Involved Subsidiaries, other than the Contributed Assets (all assets of IFMI and the Involved Subsidiaries other than the Contributed Assets, the &#147;<U>Excluded Assets</U>&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.3 <U>Assumption of Liabilities</U>. In connection with the contribution of the Contributed Assets, at the Interim Closing,
PrinceRidge shall assume only the following liabilities (the &#147;<U>Assumed Liabilities</U>&#148;): each of the employment arrangements with all of the Transferring Employees (the &#147;<U>Assumed Contracts</U>&#148;), which Contracts shall, to
the extent possible, be assigned to CCCM. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.4 <U>Retained Liabilities</U>. PrinceRidge shall not be liable or
responsible for, or obligated to assume, and shall not be deemed in any manner to have assumed from IFMI </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-2-
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by virtue of this Agreement or the Transactions, any Liabilities of IFMI or its Affiliates, including with respect to the Business, other than the Assumed Liabilities. Without limiting the
generality of the foregoing, Assumed Liabilities shall not include any of the following Liabilities of IFMI (collectively, the &#147;<U>Retained Liabilities</U>&#148;): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) any Taxes for any Pre-Interim Closing Tax Periods; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) any Liability under
or relating to any IFMI Benefit Plan or the employment or termination of any Person who is not a Transferring Employee; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c)
any Liability for any reimbursements pursuant to <U>Section&nbsp;5.13(b)</U> in excess of the amounts set forth on <U>Schedule 5.13(a)</U> for each Transferring Employee; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) any Liability for any Legal Proceeding of, or before, any Governmental Authority pending as of the Interim Closing Date against IFMI or any of its Affiliates; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) any Liability related to the CMBS LOI; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(f) any Liability for any costs related to the IFMI Retained Restricted Stock pursuant to <U>Section&nbsp;5.13(e)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.5 <U>Issuance of the IFMI Equity Interests</U>. Upon the terms and subject to the conditions contained herein: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) Pre-Interim Closing Valuation Deliveries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) No later than May&nbsp;13,
2011, PrinceRidge shall deliver, or cause to be delivered, to IFMI (A)&nbsp;a statement (the &#147;<U>PrinceRidge Securities Valuation Statement</U>&#148;) that lists each of the PrinceRidge Securities as of April&nbsp;30, 2011 (the
&#147;<U>Valuation PrinceRidge Securities</U>&#148;) and includes the PrinceRidge Entities&#146; market prices or valuation of the Valuation PrinceRidge Securities as of April&nbsp;30, 2011, and (B)&nbsp;a calculation of the membership equity of
PrinceRidge, on a consolidated basis, calculated in the same manner and presented in the same form and format as set forth on the balance sheet included in the PrinceRidge Audited Financial Statements and prepared in accordance with GAAP (the
&#147;<U>PrinceRidge Membership Equity</U>&#148;), estimated as of April&nbsp;30, 2011 (the &#147;<U>Estimated PrinceRidge Membership Equity</U>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(ii) At least two (2)&nbsp;Business Days prior to the Interim Closing Date, IFMI shall deliver, or cause to be delivered, to PrinceRidge (A)&nbsp;a statement (the &#147;<U>CCCM Securities Valuation
Statement</U>&#148;) that lists each of the CCCM Securities estimated as of the Interim Closing (the &#147;<U>Valuation CCCM Securities</U>&#148;) and includes IFMI&#146;s market prices or valuation of such CCCM Securities, estimated as of the
Interim Closing Date, and (B)&nbsp;a calculation, in reasonable detail, setting forth the Contributed Assets Value estimated as of the Interim Closing Date (the &#147;<U>Estimated Contributed Assets Value</U>&#148;); and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Effective as of the Interim Closing (but before giving effect to <U>Section&nbsp;2.5(c)</U>), the Constituent Documents of the
PrinceRidge Entities shall each be amended and restated as set forth in <U>Parts I</U> and <U>II</U> of <U>Annex B</U> attached hereto, so as to authorize: (i)&nbsp;the issuance of the IFMI Equity Interests to IFMI in accordance with the Transaction
Steps Plan; (ii) </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-3-
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the amendment of the governance and other provisions set forth therein; and (iii)&nbsp;the admission of IFMI as the holder of the IFMI Equity Interests after giving effect to the Transaction
Steps Plan as a Class&nbsp;A Partner of PrinceRidge and as a Member of PrinceRidge GP; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) At the Interim Closing, the
PrinceRidge Entities shall: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) Indirectly, in accordance with the Transaction Steps Plan, issue and deliver to IFMI, and
IFMI shall accept, the IFMI Equity Interests free and clear of all Liens, the number of which shall be calculated as follows (the &#147;<U>IFMI Equity Interest Calculation</U>&#148;):</FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) such Equity Interests in the form of &#147;Profit Units&#148; in PrinceRidge GP equal to: (x)&nbsp;the number of then-outstanding
&#147;Profit Units&#148; in PrinceRidge GP <U>divided by</U> the PrinceRidge Percentage, <U>minus</U> (y)&nbsp;the number of then-outstanding &#147;Profit Units&#148; in PrinceRidge GP, <U>minus</U> (z)&nbsp;the Management Interests to be issued in
the form of &#147;Profit Units&#148; in PrinceRidge GP; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) such Equity Interests in the form of &#147;Equity Units&#148; in
PrinceRidge GP equal to: (x)&nbsp;the number of then-outstanding &#147;Equity Units&#148; in PrinceRidge GP <U>divided by</U> the PrinceRidge Percentage, <U>minus</U> (y)&nbsp;the number of then-outstanding &#147;Equity Units&#148; in PrinceRidge
GP, <U>minus</U> (z)&nbsp;the Management Interests to be issued in the form of &#147;Equity Units&#148; in PrinceRidge GP; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(C) such Equity Interests in the form of &#147;Profit Units&#148; in PrinceRidge equal to: (x)&nbsp;the number of then-outstanding
&#147;Profit Units&#148; in PrinceRidge other than those held by PrinceRidge GP, <U>divided by</U> the PrinceRidge Percentage, <U>minus</U> (y)&nbsp;the number of then-outstanding &#147;Profit Units&#148; in PrinceRidge other than those held by
PrinceRidge GP, <U>minus</U> (z)&nbsp;the Management Interests to be issued in the form of &#147;Profit Units&#148; in PrinceRidge; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(D) such Equity Interests in the form of &#147;Equity Units&#148; in PrinceRidge equal to: (x)&nbsp;the number of then-outstanding &#147;Equity Units&#148; in PrinceRidge <U>divided by</U> the PrinceRidge
Percentage, <U>minus</U> (y)&nbsp;the number of then-outstanding &#147;Equity Units&#148; in PrinceRidge, <U>minus</U> (z)&nbsp;the Management Interests to be issued in the form of &#147;Equity Units&#148; in PrinceRidge; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">For the avoidance of doubt, the parties agree that the calculation of the IFMI Equity Interest Calculation is demonstrated in
<U>Schedule&nbsp;2.5(c)</U>, calculated as of the date hereof and based on an assumed PrinceRidge Membership Equity amount of Eighteen Million Dollars ($18,000,000) and an assumed Contributed Assets Value of Forty Five Million Dollars ($45,000,000).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) admit IFMI as a Class&nbsp;A Partner of PrinceRidge and a Member of PrinceRidge GP. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.6 <U>Review of IFMI Equity Interests</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) (i) <U>Schedule 2.6(a)(i)</U> sets forth a statement (the &#147;<U>CCCM Securities FMV Statement</U>&#148;) containing a list of each of the current CCCM Securities, which includes IFMI&#146;s market
prices or valuation of such CCCM Securities as of the date set forth on such schedule, </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-4-
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and (ii)&nbsp;<U>Schedule 2.6(a)(ii)</U> sets forth a statement (the &#147;<U>PrinceRidge Securities FMV Statement</U>&#148;) containing a list of each of the current PrinceRidge Securities,
which includes the PrinceRidge Entities&#146; market prices or valuation of such PrinceRidge Securities as of the date set forth on such schedule. Following the date hereof through the Interim Closing Date, each of IFMI and PrinceRidge shall deliver
to the other an updated FMV Statement on a weekly basis. From time to time, following the weekly delivery of the FMV Statements, the parties shall review and discuss the FMV Statements. In addition, IFMI may request that the PrinceRidge Entities
provide, and the PrinceRidge Entities hereby agree to provide, reasonably updated information that would allow IFMI to perform a then-current calculation of the Estimated PrinceRidge Membership Equity. Prior to the Interim Closing Date, either party
may identify in writing Eligible Securities listed on the other party&#146;s FMV Statement that it would prefer to see liquidated prior to the Interim Closing Date (the &#147;<U>Suggested Securities</U>&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Notwithstanding anything herein to the contrary, it is understood (i)&nbsp;by the PrinceRidge Entities that IFMI and its Involved
Subsidiaries will likely liquidate some of the securities currently held by them, and some of the securities purchased by them subsequent to the date hereof, prior to the Interim Closing Date, and IFMI and the Involved Subsidiaries shall be
permitted to do so and (ii)&nbsp;by IFMI that the PrinceRidge Entities and their respective Subsidiaries will likely liquidate some of the securities currently held by them, and some of the securities purchased by them subsequent to the date hereof,
prior to the Interim Closing Date, and the PrinceRidge Entities and their respective Subsidiaries shall be permitted to do so. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Identified Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(i) Within three (3)&nbsp;Business Days following the delivery of the PrinceRidge Securities Valuation Statement, IFMI shall have the opportunity to deliver a notice to the PrinceRidge Entities
identifying for liquidation all or any portion of the Eligible Securities listed among the Valuation PrinceRidge Securities included on the PrinceRidge Securities Valuation Statement (the &#147;<U>PrinceRidge Identified Securities</U>&#148;);
<U>provided</U>, that the value of such PrinceRidge Identified Securities, as set forth on the PrinceRidge Securities Valuation Statement, shall not exceed Six Million Dollars ($6,000,000) in the aggregate, which amount shall be reduced by the
liquidation value of any Suggested Securities identified on a PrinceRidge Securities FMV Statement that are liquidated prior to April&nbsp;30, 2011. During the forty-five (45)&nbsp;days following receipt of such notice from IFMI (the
&#147;<U>PrinceRidge Sale Period</U>&#148;), the PrinceRidge Entities shall liquidate the PrinceRidge Identified Securities. Whenever any of the PrinceRidge Identified Securities are sold during the PrinceRidge Sale Period, PrinceRidge shall
immediately inform IFMI of such liquidation and the liquidation price (adjusted for any reduction in accrued or future compensation as a result of such liquidation in accordance with GAAP) shall be used to calculate the value of the PrinceRidge
Identified Securities as of April&nbsp;30, 2011 and to determine the Final PrinceRidge Membership Equity. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) Within three
(3)&nbsp;Business Days following the Interim Closing Date, the PrinceRidge Entities shall have the opportunity to deliver a notice to IFMI identifying for liquidation all or any portion of the Eligible Securities listed among the Valuation CCCM
Securities included on the CCCM Securities Valuation Statement (the &#147;<U>CCCM Identified Securities</U>&#148; and together with the PrinceRidge Identified Securities, the &#147;<U>Identified Securities</U>&#148;); <U>provided</U>, that any
Agency Securities so identified shall not exceed an aggregate value of Thirty </FONT></P>
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Seven Million Five Hundred Thousand Dollars ($37,500,000) and the non-Agency Securities so identified shall not exceed an aggregate value of Twelve Million Five Hundred Thousand Dollars
($12,500,000), in each case as such values are set forth on the CCCM Securities Valuation Statement, which amounts shall be reduced by the liquidation value of any Suggested Securities identified on a CCCM Securities FMV Statement that are
liquidated prior to the Interim Closing Date. During the forty-five (45)&nbsp;days following receipt of such notice from the PrinceRidge Entities (the &#147;<U>CCCM Sale Period</U>&#148;), a representative appointed by IFMI shall be responsible for
the liquidation of the IFMI Identified Securities and shall liquidate the CCCM Identified Securities on behalf of the PrinceRidge Entities. Whenever any of the CCCM Identified Securities are sold during the CCCM Sale Period, an IFMI representative
shall immediately inform the PrinceRidge Entities of such liquidation and the liquidation price (adjusted for any reduction in accrued or future compensation as a result of such liquidation in accordance with GAAP) shall be used to calculate the
value of the IFMI Identified Securities as of the Interim Closing Date and to determine the Final Contributed Assets Value<B>. </B> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) For the avoidance of doubt, nothing in this <U>Section&nbsp;2.6</U> shall (i)&nbsp;prevent the parties from conducting their respective businesses in the ordinary course or in accordance with the
terms of this Agreement, (ii)&nbsp;prevent IFMI or the Involved Subsidiaries from selling any securities in the ordinary course or in anticipation of the Transactions, or force IFMI or the Involved Subsidiaries to sell any securities outside of the
ordinary course prior to the Interim Closing, or (iii)&nbsp;prevent the PrinceRidge Entities or their Subsidiaries from selling any securities in the ordinary course or in anticipation of the Transactions, or force the PrinceRidge Entities or their
Subsidiaries to sell any securities outside of the ordinary course, other than with respect to the PrinceRidge Identified Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.7 <U>Final Calculations</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Not later than ten
(10)&nbsp;Business Days after the Interim Closing Date, or such other time as is mutually agreed by IFMI and the PrinceRidge Representative, PrinceRidge shall prepare, or cause to be prepared, and deliver to IFMI, or cause to be delivered,
(i)&nbsp;a calculation, in reasonable detail, setting forth the valuation of the Valuation PrinceRidge Securities (the &#147;<U>Final PrinceRidge Securities Value</U>&#148;), identifying the PrinceRidge Identified Securities and including the
liquidation value for any PrinceRidge Identified Securities liquidated prior to the date thereof as the valuation for such sold PrinceRidge Identified Securities and (ii)&nbsp;a calculation of the PrinceRidge Membership Equity as of April&nbsp;30,
2011 based on the Final PrinceRidge Securities Value (the &#147;<U>Final PrinceRidge Membership Equity</U>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Not
later than ten (10)&nbsp;Business Days after the Interim Closing Date, or such other time as is mutually agreed by IFMI and the PrinceRidge Representative, IFMI shall prepare, or cause to be prepared, and deliver, or cause to be delivered, to
PrinceRidge, (i)&nbsp;a calculation, in reasonable detail, setting forth the Contributed Assets Value as of the Interim Closing Date (the &#147;<U>Final Contributed Assets Value</U>&#148;), which shall include the valuation of the Valuation CCCM
Securities, identifying the CCCM Identified Securities and including the liquidation price for any CCCM Identified Securities liquidated prior to the date thereof as the valuation for such liquidated CCCM Identified Securities and (ii)&nbsp;a
calculation of the CCCM Membership Equity as of the Interim Closing Date based on the Final Contributed Assets Value (the &#147;<U>Final CCCM Membership Equity</U>&#148; and together with the Final PrinceRidge Membership Equity, the Final
PrinceRidge Securities Value and the Final Contributed Assets Value, the &#147;<U>Final Calculations</U>&#148;). </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) It is understood and agreed that for purposes of preparing the Final Calculations, the
value of the securities utilized in such calculations will be determined by using: (i)&nbsp;either Pershing Prices or BVAL Prices, if available, <U>provided</U>, that if Pershing Prices or BVAL Prices are not available or preferable, the use of an
alternate pricing service or methodology, which service or methodology must be consistent with the parties&#146; past practice and be in accordance with GAAP, shall be permitted and shall be noted on the applicable Final Calculation, or (ii)&nbsp;if
there has been a liquidation of any Identified Securities prior to the end of the PrinceRidge Sale Period or CCCM Sale Period, as applicable, the applicable liquidation value as determined in <U>Section&nbsp;2.6(c)</U>. From and after the date
hereof, in connection with the preparation and delivery of the Final Calculations and during the period of any dispute contemplated by this <U>Section&nbsp;2.7</U>, each party shall give, and cause its advisors to give, the other party or its
authorized representatives reasonable access to their relevant books and records, schedules, work papers, facilities and employees, subject to the confidentiality and indemnity agreements contained in this Agreement and in the Confidentiality
Agreement, as may be necessary to enable the good faith analysis of the Final Calculations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) Within ten (10)&nbsp;Business
Days following a party&#146;s receipt of the applicable Final Calculation, or such other time as is mutually agreed by IFMI and the PrinceRidge Representative (the &#147;<U>Notice Period</U>&#148;), each of IFMI and PrinceRidge shall deliver to the
other either (i)&nbsp;a written statement of its agreement to such Final Calculation of the other party or (ii)&nbsp;a written dispute notice, specifying in reasonable detail the nature of its disagreement with the revised calculation of such
applicable Final Calculation; <U>provided</U>, that any such notice delivered by IFMI to the PrinceRidge Entities may, in order to be valid, only address disputes with regard to (A)&nbsp;the valuation of any Valuation PrinceRidge Securities,
excluding any PrinceRidge Identified Securities, (B)&nbsp;any mathematical errors in the Final PrinceRidge Membership Equity calculation, and (C)&nbsp;any presentation that is not consistent with the past practice of the PrinceRidge Entities in the
preparation of the PrinceRidge Audited Financial Statements; and <U>provided further</U>, that any such notice delivered by PrinceRidge to IFMI regarding the Final Contributed Assets Value may, in order to be valid, only address disputes with regard
to (x)&nbsp;the valuation of any CCCM Securities, excluding any CCCM Identified Securities, or (y)&nbsp;any errors in the Final CCCM Membership Equity calculation (any such valid notice, a &#147;<U>Dispute Notice</U>&#148;). In the event no Dispute
Notice is delivered by a party within the Notice Period, then such party shall be deemed to have agreed to the other party&#146;s Final Calculation provided, and any adjustments shall be made in accordance with <U>Section&nbsp;2.8</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) During the ten (10)&nbsp;Business Days after the delivery of a Dispute Notice, IFMI and the PrinceRidge Representative shall attempt
in good faith to resolve any dispute included in such Dispute Notice and agree upon the applicable Final Calculation. In the event a Dispute Notice relates to CCCM Securities and Valuation PrinceRidge Securities for which IFMI and the PrinceRidge
Representative are not able to agree on the appropriate value, then, only upon written agreement of IFMI and the PrinceRidge Representative, that particular security shall be sold in a commercially reasonable manner within ten (10)&nbsp;Business
Days following the later of ten (10)&nbsp;Business Days after the delivery of the applicable Dispute Notice or a determination by IFMI and the PrinceRidge Representative that the parties are not able to agree
</FONT></P>
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on the appropriate value of such securities (or within such other time period as is mutually agreed by IFMI and the PrinceRidge Representative) and, once sold, the sale price for such security
(adjusted for any reduction in accrued or future compensation as a result of such liquidation in accordance with GAAP) shall then be used for purposes of calculating the applicable Final Calculation. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) If at the end of the ten (10)&nbsp;Business Day period following delivery of a Dispute Notice, IFMI and the PrinceRidge
Representative have failed to reach agreement with respect to any dispute in accordance with <U>Section&nbsp;2.7(e)</U>, or otherwise, with regard to the Final Contributed Assets Value, after adjusting for the liquidation of any CCCM Identified
Securities, the parties shall recalculate the Final Contributed Assets Value as follows: (i)&nbsp;first, using the valuation prepared by IFMI, including all agreed upon valuations and IFMI&#146;s valuations of the disputed amounts, and
(ii)&nbsp;second, using the valuation prepared by the PrinceRidge Entities, including all agreed upon valuations and the PrinceRidge Entities&#146; valuations of the disputed amounts. In the event the amount calculated pursuant to clause
(i)&nbsp;and the amount calculated pursuant to clause (ii)&nbsp;are within a range equal to or less than Two Hundred Thousand Dollars ($200,000), the two amounts shall be averaged and such average shall be deemed the Final Contributed Assets Value.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) If at the end of the ten (10)&nbsp;Business Day period following delivery of a Dispute Notice, IFMI and the PrinceRidge
Representative have failed to reach agreement with respect to any dispute in accordance with <U>Section&nbsp;2.7(e)</U>, or otherwise, with regard to the Final PrinceRidge Membership Equity, after adjusting for the liquidation of any PrinceRidge
Identified Securities, the parties shall recalculate the Final PrinceRidge Membership Equity as follows: (i)&nbsp;first, using the valuation prepared by IFMI, including all agreed upon valuations and IFMI&#146;s valuations of the disputed amounts,
and (ii)&nbsp;second, using the valuation prepared by the PrinceRidge Entities, including all agreed upon valuations and the PrinceRidge Entities&#146; valuations of the disputed amounts. In the event the amount calculated pursuant to clause
(i)&nbsp;and the amount calculated pursuant to clause (ii)&nbsp;are within a range equal to or less than Two Hundred Thousand Dollars ($200,000), the two amounts shall be averaged and such average shall be deemed the Final PrinceRidge Membership
Equity. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) If IFMI and the PrinceRidge Representative have failed to reach agreement with respect to or resolve any dispute
in accordance with any of subsections (e), (f)&nbsp;or (g)&nbsp;above, and cannot otherwise agree, the unresolved matters set forth in any Dispute Notice shall be submitted to Ernst&nbsp;&amp; Young LLP (or another independent accounting firm
mutually agreed to by IFMI and the PrinceRidge Representative) (the &#147;<U>Accountant</U>&#148;). The Accountant shall act as arbitrator and resolve the disputed portions of the applicable Final Calculation in accordance with the terms and
conditions of this Agreement. In making such determination, the Accountant may only consider those items and amounts as to which IFMI and PrinceRidge have disagreed pursuant to the terms specified above, <U>provided</U>, <U>however</U>, that the
determination of the applicable Final Calculation by the Accountant will be neither higher than the highest applicable amount nor lower than the lowest applicable amount presented in the proposed Final Calculation or Dispute Notice, as applicable.
The Accountant shall deliver to PrinceRidge and IFMI, as promptly as practicable after its appointment, a written report setting forth the resolution of each disputed matter and its determination of the applicable Final Calculation. Such report
shall be final and binding upon the parties to the fullest extent permitted under applicable Laws and may </FONT></P>
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be enforced in any court having jurisdiction. PrinceRidge shall bear all fees and costs incurred in connection with such arbitration, and PrinceRidge shall bear all fees and expenses relating to
the foregoing work by the Accountant. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) On a date that is the later of five (5)&nbsp;Business Days after the end of the
CCCM Sale Period and the determination of the Final Calculations in accordance with subsection (a)&nbsp;through (h)&nbsp;above, the Final Calculations shall be recalculated using the liquidation price of any Identified Securities liquidated and,
once so calculated, the IFMI Equity Interests shall be finally determined as provided in <U>Section&nbsp;2.8</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.8 <U>Final Adjustments</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Adjustments</U>. The Final Contributed Assets Value, determined in accordance with <U>Section&nbsp;2.7</U>, shall be adjusted pursuant to this <U>Section&nbsp;2.8(a)</U>, and, as so adjusted, shall
be deemed to be the &#147;<U>Determined Contributed Assets Value</U>.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) In the event the Final Contributed Assets
Value, as determined in accordance with <U>Section&nbsp;2.7</U>, is less than the Minimum Contributed Assets Value, then IFMI shall, within two (2)&nbsp;Business Days after the date of the determination of the Final Contributed Assets Value, pay to
the PrinceRidge Entities an amount of cash with an aggregate value equal to the difference between the Minimum Contributed Assets Value and the Final Contributed Assets Value. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) In the event the Final Contributed Assets Value, as determined in accordance with <U>Section&nbsp;2.7</U>, is more than the Minimum
Contributed Assets Value, then, within two (2)&nbsp;Business Days after the date of the determination of the Final Contributed Assets Value, the PrinceRidge Entities shall, or shall cause one of their Subsidiaries to, pay to IFMI an amount equal to
the difference between the Final Contributed Assets Value and the Minimum Contributed Assets Value (the &#147;<U>Target Adjustment Amount</U>&#148;), which adjustment shall be effected as follows: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) first, payment up to the Contributed Cash, if any, equal to the lesser of the Target Adjustment Amount and the Contributed Cash
amount; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) second, if the Target Adjustment Amount exceeds the Contributed Cash amount, payment by CCCM of cash equal to
the difference between the Target Adjustment Amount and the Contributed Cash amount to the greatest extent possible under FINRA or other applicable regulatory requirements (as reasonably determined by the PrinceRidge Managers following consultation
with outside counsel); and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:17%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(C) third, to the extent subsections (A)&nbsp;and (B)&nbsp;above do not satisfy delivery of the
Target Adjustment Amount in cash or to the extent it was reasonably determined not to be possible under FINRA or other applicable regulatory requirements (as reasonably determined by the PrinceRidge Managers following consultation with outside
counsel) to pay in full any remaining Target Adjustment Amount payable under clause (B)&nbsp;above, such difference will be reflected in the Determined Contributed Assets Value for purposes of <U>Section&nbsp;2.8(b)</U>. </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>Equity Interest Adjustments</U>. Within two (2)&nbsp;Business Day after the date of
the determination of the Determined Contributed Assets Value and the Final PrinceRidge Membership Equity in accordance with <U>Section&nbsp;2.7</U>, or such other time as is mutually agreed by IFMI and the PrinceRidge Representative, PrinceRidge
shall recalculate the IFMI Equity Interest Calculation based on the Determined Contributed Assets Value and the Final PrinceRidge Membership Equity determined in accordance with <U>Section&nbsp;2.7</U> (the &#147;<U>Recalculated IFMI Equity Interest
Calculation</U>&#148;) and provide IFMI with a notice regarding any related adjustments (the &#147;<U>Adjustment Notice</U>&#148;) to the Initial IFMI Equity Interest Calculation, and: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) If the Recalculated IFMI Equity Interest Calculation is higher than the IFMI Equity Interest Calculation calculated at the time of
the Interim Closing, PrinceRidge GP shall deliver or cause to be delivered to IFMI a number of IFMI Equity Interests in PrinceRidge and a number of IFMI Equity Interests in PrinceRidge GP equal to the number of Equity Interests necessary for IFMI to
own a percentage of each of PrinceRidge and PrinceRidge GP equal to the Recalculated IFMI Equity Interest. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) If the
Recalculated IFMI Equity Interest Calculation is lower than the IFMI Equity Interest Calculation calculated at the time of the Interim Closing, IFMI shall deliver or cause to be delivered to the PrinceRidge Entities, a number of IFMI Equity
Interests in PrinceRidge and a number of IFMI Equity Interests in PrinceRidge GP equal to the number of Equity Interests necessary for IFMI to own a percentage of each of PrinceRidge and PrinceRidge GP equal to the Recalculated IFMI Equity Interest.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) If IFMI receives additional IFMI Equity Interests pursuant to this <U>Section&nbsp;2.8(b)</U>, PrinceRidge shall cause
IFMI&#146;s Supplementary Agreement to be revised to evidence such additional IFMI Equity Interests not more than five (5)&nbsp;Business Days following the receipt of the Adjustment Notice. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) If IFMI is required to deliver IFMI Equity Interests to the PrinceRidge Entities pursuant to this <U>Section&nbsp;2.8(b)</U>, the
PrinceRidge Entities shall cause IFMI&#146;s Supplementary Agreement to be revised to evidence such IFMI Equity Interests not more than five (5)&nbsp;Business Days following the delivery of the Adjustment Notice. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) IFMI and the PrinceRidge Entities agree that, prior to the completion of the Equity Interest adjustment pursuant to this
<U>Section&nbsp;2.8(b)</U>, if any, no new Partners shall be admitted to PrinceRidge and no new Members shall be admitted to the PrinceRidge GP (other than in each case, the admission of IFMI as contemplated by this Agreement and the admission of
Daniel G. Cohen effective as of the Interim Closing). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.9 <U>Interim Closing</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The interim closing of all of the Transactions except those transactions contemplated by <U>Section&nbsp;2.13</U> (the
&#147;<U>Interim Closing</U>&#148;) shall take place at the offices of Schulte Roth&nbsp;&amp; Zabel LLP, 919 Third Avenue, New York, New York 10022, at 10:00 a.m., local time, on the Business Day that is (i)&nbsp;a calendar month end for accounting
purposes and (ii)&nbsp;in no case later than ten (10)&nbsp;Business Days following the later of: (A)&nbsp;the date that is thirty (30)&nbsp;days (and if the thirtieth day is not a Business Day, on the next successive Business Day) after the date on
</FONT></P>
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which the CMAs regarding a change in control were filed by the PrinceRidge Group and CCCM and (B)&nbsp;the date on which the conditions set forth in <U>Article 7</U> are satisfied or waived
(other than those conditions that by their nature are to be satisfied at the Interim Closing, but subject to the satisfaction or waiver of those conditions); <U>provided</U> that if there is no date on which the conditions set forth in both clauses
(i)&nbsp;and (ii)&nbsp;of this <U>Section&nbsp;2.9(a)</U> are satisfied, then the Interim Closing shall take place on the fifth Business Day following the later of the dates set forth in sub-clauses (A)&nbsp;and (B)&nbsp;of this
<U>Section&nbsp;2.9(a)</U>; provided further that the Interim Closing may also take place at such other place, time and date as IFMI and the PrinceRidge Representative may mutually agree (the date on which the Interim Closing occurs, the
&#147;<U>Interim Closing Date</U>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) At the Interim Closing: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) IFMI shall pay the Contributed Cash, if any, by wire transfer of immediately available funds to an account designated by PrinceRidge
(which account shall be so designated by PrinceRidge at least two (2)&nbsp;Business Days prior to the Interim Closing Date and may be identified as CCCM); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(ii) IFMI shall deliver, or cause to be delivered, to PrinceRidge, transfer powers or other instruments of transfer reasonably acceptable to PrinceRidge representing 100% of the CCCM Equity Interests,
duly executed by IFMI or an Involved Subsidiary, as appropriate, and an updated schedule to the CCCM Constituent Documents reflecting such change in ownership; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(iii) IFMI shall deliver, or cause to be delivered, to PrinceRidge, the books, records, files and other data of CCCM and any other books, records, files and other data relating to the Contributed Assets;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) the Constituent Documents of the PrinceRidge Entities, as amended and restated pursuant to this Agreement, shall become
effective; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) in accordance with the Transaction Steps Plan, the PrinceRidge Entities shall indirectly issue to IFMI the
IFMI Equity Interests such that IFMI will own, immediately after the Interim Closing, the Interim IFMI Equity Interest Calculation in each of PrinceRidge and PrinceRidge GP; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(vi) the Reimbursement Agreement, as set forth in Annex E, shall become effective; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(vii) the Termination and Separation Agreement, as set forth in Annex C, shall become effective; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(viii) the Executive Agreements, as set forth in parts I through VII of Annex G, shall become effective; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(ix) the Supplementary Agreements, in the form set forth in parts I and II of Annex F, shall become effective; </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(x) the Joinder Agreements, in the form set forth in Annex H, shall become effective;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xi) the assignment and assumption agreements to be entered into in connection with the Assumed Contracts shall become
effective; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xii) if the parties hereto agree, any instruments of transfer and conveyance, in form and substance
satisfactory to the parties hereto, for the purpose of transferring any furniture, fixtures and equipment of IFMI from IFMI to PrinceRidge shall become effective. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.10 <U>Interim Closing Deliveries by IFMI</U>. At the Interim Closing, IFMI shall deliver or cause to be delivered: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) the Interim Closing Date Cash Contribution, if any; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) transfer powers or
other instruments of transfer reasonably acceptable to PrinceRidge representing 100% of the CCCM Equity Interests, duly executed by IFMI or an Involved Subsidiary, as appropriate; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) the books, records, files and other data of CCCM and any other books, records, files and other data relating to the Contributed
Assets; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) a duly executed counterpart to any instruments of transfer and conveyance, in form and substance satisfactory to
the parties hereto, evidencing and effecting the Contribution, including assignment and assumption agreements in connection with the Assumed Contracts; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(e) a duly executed counterpart to the PrinceRidge LP Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) a duly
executed counterpart to the PrinceRidge GP LLC Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) a duly executed counterpart to the Transaction Steps Plan;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) a duly executed counterpart to each of the Executive Agreements to which it or any of its Affiliates or employees is a
party; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) a duly executed counterpart to the Termination and Separation Agreement; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) a duly executed counterpart to the Reimbursement Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(k) a certificate of a duly authorized officer of IFMI certifying that the condition set forth in <U>Section&nbsp;7.3(a)</U> and <U>(b)</U>&nbsp;have been satisfied; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(l) a duly executed counterpart to the Supplementary Agreement between IFMI and the PrinceRidge Entities; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(m) a duly executed counterpart to the Joinder Agreements between the PrinceRidge Entities and each of the IFMI Managers; and </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(n) any other documents or instruments reasonably requested by the PrinceRidge Entities to
consummate the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.11 <U>Interim Closing Deliveries by PrinceRidge</U>. At the Interim Closing,
PrinceRidge shall deliver or cause to be delivered: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) a duly executed counterpart to any instruments of transfer and
conveyance, in form and substance satisfactory to the parties hereto, evidencing and effecting the Contribution, including assignment and assumption agreements in connection with the Assumed Contracts; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) duly executed counterparts to the PrinceRidge LP Agreement for all partners in PrinceRidge, other than IFMI; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) a duly executed counterpart to the IFMI Supplementary Agreement evidencing, among other things, the Equity Interests in PrinceRidge
ultimately to be issued to IFMI; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) duly executed counterparts to the Supplementary Agreements evidencing, among other
things, the Management Interests in PrinceRidge to be issued to each of Ahmed A. Alali, Ronald J. Garner and Matthew G. Johnson in accordance with the amounts set forth on <U>Schedule 2.9(d)</U>; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) a duly executed counterpart to the Transaction Steps Plan; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(f) a duly executed counterpart to each of the Executive Agreements to which it or any of its Affiliates is a party; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(g) a duly executed counterpart to the Termination and Separation Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h)
a duly executed counterpart to the Reimbursement Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) a certificate of a duly authorized officer of PrinceRidge
certifying that the conditions set forth in <U>Section&nbsp;7.3(a)</U> and <U>(b)</U>&nbsp;have been satisfied; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) a duly
executed counterpart to the Supplementary Agreement between IFMI and the PrinceRidge Entities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k) a duly executed
counterpart to the Joinder Agreements between PrinceRidge and each of the IFMI Managers; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(l) any other documents or
instruments reasonably requested by IFMI to consummate the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.12 <U>Interim Closing Deliveries by
PrinceRidge GP</U>. At the Interim Closing, PrinceRidge GP shall deliver or cause to be delivered: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) a duly executed
counterpart to any instruments of transfer and conveyance, in form and substance satisfactory to the parties hereto, evidencing and effecting the Contribution, including assignment and assumption agreements in connection with the Assumed Contracts;
</FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) duly executed counterparts to the PrinceRidge GP LLC Agreement for all members in
PrinceRidge GP, other than IFMI; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) a duly executed counterpart to the PrinceRidge LP Agreement; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) a duly executed counterpart to the IFMI Supplementary Agreement evidencing, among other things, the Equity Interests in PrinceRidge
GP ultimately to be issued to IFMI; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) duly executed counterparts to the Supplementary Agreements evidencing, among other
things, the Management Interests in PrinceRidge GP to be issued to each of Ahmed A. Alali, Ronald J. Garner and Matthew G. Johnson in accordance with the amounts set forth on <U>Schedule 2.9(d)</U>; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) a duly executed counterpart to the Transaction Steps Plan; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(g) a duly executed counterpart to each of the Executive Agreements to which it or any of its Affiliates is a party; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(h) a duly executed counterpart to the Termination and Separation Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i)
a certificate of a duly authorized officer of PrinceRidge GP certifying that the conditions set forth in <U>Section&nbsp;7.2(a)</U> and (b)&nbsp;have been satisfied; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(j) a duly executed counterpart to the Supplementary Agreement between IFMI and the PrinceRidge Entities; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(k) a duly executed counterpart to the Joinder Agreements between PrinceRidge GP and each of the IFMI Managers; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(l) the PrinceRidge Financial Statements as required by <U>Section&nbsp;5.11(a)</U>; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(m) any other documents or instruments reasonably requested by IFMI to consummate the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.13 <U>The Final Closing</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The final closing of the
Transactions (the &#147;<U>Final Closing</U>&#148;) shall take place at the offices of Schulte Roth&nbsp;&amp; Zabel LLP, 919 Third Avenue, New York, New York 10022, at 10:00 a.m., local time, on the third Business Day following the date on which
the conditions set forth in <U>Article 8</U> are satisfied or waived, or at such other place, time and date as IFMI and the PrinceRidge Representative may mutually agree (the date on which the Final Closing occurs, the &#147;<U>Final Closing
Date</U>&#148;). </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Upon satisfaction of the Final Closing Condition, the Termination and Separation
Agreement shall automatically be deemed terminated without further action by the parties thereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.14 <U>Tax
Treatment</U>. The parties hereto hereby agree that they shall treat and report, for all United States federal, state and local Tax (and Tax Return) purposes, the entire contribution of the Contributed Assets and Business Liabilities by IFMI to
PrinceRidge pursuant to the terms and conditions of this Agreement as a contribution of property by IFMI to a &#147;partnership&#148; in exchange for an interest in a &#147;partnership&#148; under Section&nbsp;721 of the Code and in connection with
and immediately prior to such contribution IFMI shall &#147;mark-to-market&#148; the CCCM Securities pursuant to Section&nbsp;475 of the Code and the proposed regulations thereunder. Any adjustment made pursuant to <U>Section&nbsp;2.8</U> shall be
treated either as a non-taxable capital contribution and/or a non-taxable purchase price adjustment, as applicable, for all United States federal, state and local Tax (and Tax Return) purposes. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 3 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>REPRESENTATIONS AND WARRANTIES BY IFMI </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Except as (i)&nbsp;set forth in the correspondingly numbered section of the disclosure schedule (the &#147;<U>IFMI Disclosure Schedule</U>&#148;) delivered by IFMI to the PrinceRidge Entities prior to the
execution of this Agreement, or (ii)&nbsp;disclosed in any Annual Report on Form 10-K, Quarterly Report on Form 10-Q or Current Report on Form 8-K filed by IFMI Parent with the SEC on or after December&nbsp;16, 2009 and prior to the date hereof,
IFMI represents and warrants as of the date hereof and, except to the extent that specific representations and warranties by their terms speak specifically as of the date hereof or as of an earlier date, as of the Interim Closing Date to each of the
PrinceRidge Entities as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.1 <U>Organization and Qualification</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) IFMI and each of the Involved Subsidiaries is duly organized, validly existing and in good standing under the Laws of its
jurisdiction of organization with all requisite power and authority required to conduct its business as currently conducted. IFMI and each of the Involved Subsidiaries is duly qualified to transact business and is in good standing in each
jurisdiction where the ownership or operation of its assets and properties or the conduct of its business requires such qualification, except to the extent that the failure to be so qualified and in good standing would not, individually or in the
aggregate, reasonably be expected to have an IFMI Material Adverse Effect. CCCM and each of the Involved Subsidiaries has the requisite power and authority to own and conduct the Business as currently conducted. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Effective September&nbsp;2, 2010, IFMI acquired Fairfax I.S., LLC, a FINRA regulated U.S. broker-dealer and changed its name from
Fairfax I.S., LLC to CCCM. CCCM is a wholly owned broker-dealer subsidiary of Cohen Securities Funding, LLC, a Delaware limited liability company, which is a wholly owned subsidiary of IFMI. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.2 <U>Authorization</U>. The execution and delivery by IFMI of this Agreement and by IFMI and the Involved Subsidiaries of
the Ancillary Agreements to which it is a party, the consummation of the Transactions to which it is </FONT></P>
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a party and the performance by IFMI and the Involved Subsidiaries of their respective obligations hereunder and thereunder are within IFMI&#146;s or such Involved Subsidiary&#146;s powers, and
have been duly authorized by all necessary action, and no other proceedings on the part of IFMI or any of its Affiliates are necessary to approve this Agreement or to consummate the Transactions. This Agreement and each of the Ancillary Agreements
to which IFMI or any Involved Subsidiary is a party has been duly executed and delivered by IFMI or such Involved Subsidiary and (assuming the due authorization, execution and delivery by the other parties hereto and thereto) constitutes a legal,
valid and binding agreement of IFMI or such Involved Subsidiary enforceable against IFMI or such Involved Subsidiary in accordance with its terms, except to the extent that the enforceability thereof may be limited by (a)&nbsp;applicable bankruptcy,
insolvency or similar Laws from time to time in effect affecting generally the enforcement of creditors&#146; rights and remedies and (b)&nbsp;general principles of equity, including principles of reasonableness, good faith and fair dealing
(regardless of whether enforcement is sought in equity or at law). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.3 <U>Non-Contravention; Approvals</U>. The
execution and delivery by IFMI of this Agreement and by IFMI and the Involved Subsidiaries of the Ancillary Agreements to which it is a party, the consummation by IFMI and the Involved Subsidiaries of the Transactions to which it is a party and the
performance by IFMI and the Involved Subsidiaries of their respective obligations hereunder and thereunder (a)&nbsp;do not and will not result in any violation of any Constituent Documents of IFMI Parent or any of its Subsidiaries, (b)&nbsp;do not
in any material respect violate any applicable Laws of any Governmental Authority to which IFMI Parent or its Affiliates are subject or by which any substantial part of the properties or assets of IFMI Parent or any of its Affiliates is bound,
(c)&nbsp;do not in any material respect violate any Order binding on IFMI Parent or any of its Affiliates or any substantial part of the properties or assets of IFMI Parent or any of its Subsidiaries, and (d)&nbsp;except as set forth on <U>Schedule
3.3</U>, do not otherwise require any (x)&nbsp;Governmental Approvals or (y)&nbsp;Third Party Consents to be obtained by IFMI Parent or any of its Affiliates. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.4 <U>Absence of Certain Changes or Events</U>. Except with respect to any actions as provided to be taken hereunder or in connection herewith and as set forth on <U>Schedule 3.4</U>, since
the date of the latest balance sheet included in the IFMI Financial Statements to the date hereof, IFMI and each of the Involved Subsidiaries has conducted the Business in the ordinary course consistent with past practice and (x)&nbsp;with respect
to IFMI and each of the Involved Subsidiaries and (y)&nbsp;in each case of clauses (a), (b), (c), (k)&nbsp;and (n), with respect to IFMI Parent and each of its Subsidiaries, there has not been: (a)&nbsp;any change, occurrence, development, event or
state of circumstances or facts that has had or would reasonably be expected to have, individually or in the aggregate, an IFMI Material Adverse Effect; (b)&nbsp;any material change in any accounting methods, principles or practices affecting the
Business or which could reasonably be expected to affect the Business following the Interim Closing; (c)&nbsp;any material change in, or adoption of any new and material, tax accounting principle, method of tax accounting or tax election affecting
the Business or which could reasonably be expected to affect the Business following the Interim Closing; (d)&nbsp;any incurrence, assumption or guarantee by IFMI or any of the Involved Subsidiaries of any material indebtedness for borrowed money;
(e)&nbsp;any creation or assumption by IFMI or any of the Involved Subsidiaries of any Lien on any Contributed Asset (other than any Permitted Liens); (f)&nbsp;any making of any material loan, advance or capital contribution to, or investment in any
Person by IFMI or any of the Involved </FONT></P>
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Subsidiaries (excluding customary loans and advances to employees in amounts immaterial to the maker of such loan or advance or such payments as made in the ordinary course of business);
(g)&nbsp;any damage, destruction or other casualty loss (whether or not covered by insurance) materially affecting the Business or the Contributed Assets; (h)&nbsp;any (i)&nbsp;material employment, consulting, partnership, deferred compensation,
severance or retirement agreement entered into with any Transferring Employee, (ii)&nbsp;grant of any material severance or termination pay to any Transferring Employee, or (iii)&nbsp;material change in compensation or any benefits payable under any
IFMI Benefit Plan payable to any Transferring Employee; (j)&nbsp;any setting aside or payment of any material amount by IFMI or any of the Involved Subsidiaries to, or entering into any material Contracts with any Affiliate of IFMI or such Involved
Subsidiary, to the extent not otherwise disclosed hereunder; (k)&nbsp;the (i)&nbsp;commencement of or (ii)&nbsp;the release, assignment, settlement or compromise of any material Legal Proceeding affecting IFMI or any of its Subsidiaries or the
Contributed Assets; (l)&nbsp;any amendment, suspension, cancellation, revocation, termination of, or any material breach or default under, any Permits of IFMI or any of the Involved Subsidiaries; (m)&nbsp;any material change in the practices,
policies or procedures that IFMI or any of the Involved Subsidiaries has used in connection with paying the accounts payable or collecting the accounts receivable with regard to the Business; or (n)&nbsp;any agreement to take or commitment to take
any of the foregoing actions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.5 <U>Compliance with Laws</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Each of IFMI Parent and its Subsidiaries has been, since December&nbsp;16, 2009, in compliance, in all material respects, with all
material Laws applicable to it, its respective business, including the Business and its respective employees, including the Transferring Employees. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) Neither IFMI Parent nor any of its Subsidiaries has received any notification from any Governmental Authority or the staff thereof (i)&nbsp;asserting that IFMI or any of the Involved Subsidiaries is
not in compliance with any applicable Laws affecting the Business which such Governmental Authority enforces, including any deficiency letter, (ii)&nbsp;threatening to revoke any Permits or Orders of IFMI or any of its Subsidiaries with regard to
the Business or (iii)&nbsp;requiring IFMI or any of its Subsidiaries (x)&nbsp;to enter into or consent to the issuance of a cease and desist order, formal agreement, directive or memorandum of understanding affecting the Business, or (y)&nbsp;to
adopt any resolution or similar undertaking, which in each case restricts in any material respect the conduct of the Business, or in any manner relates to the capital adequacy, credit or reserve policies, management, or making of distributions by
IFMI or any of its Subsidiaries with regard to the Business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) IFMI and each of its Subsidiaries has and has maintained all
material policies and procedures required of it and of the Business by applicable Law, and such policies and procedures are designed to ensure compliance with applicable Laws. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) (i) Except as set forth on <U>Schedule 3.5(d)</U>, CCCM is in possession of and is in compliance with all material Permits necessary for the conduct of the Business as presently conducted, and
(ii)&nbsp;CCCM has substantially fulfilled and performed its obligations under each of such Permits in all material respects and no suspension or cancellation of any such Permits is pending or, to the knowledge of IFMI, threatened and each of such
Permits is valid, subsisting </FONT></P>
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and in full force and effect, except where (A)&nbsp;the failure to fulfill or perform any obligation under any Permit or (B)&nbsp;any pending or threatened suspension or cancellation of any
Permit would not, individually or in the aggregate, reasonably be expected to materially adversely affect the conduct of the Business, result in the imposition of a material liability on CCCM or prevent or materially delay the consummation by IFMI
or any Involved Subsidiary of the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.6 <U>Broker-Dealer Matters; Investment Advisory Matters</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 3.6(a)</U> sets forth a list of the current licenses and registrations held by each Transferring Employee
that are related to the activities conducted in the Business. IFMI Parent and each of its Subsidiaries and each of their respective Representatives that are required to be registered, licensed or qualified as (i)&nbsp;a broker-dealer, investment
adviser, futures commission merchant, commodities trading adviser or commodity pool operator or (ii)&nbsp;a registered principal, registered representative, investment adviser representative, insurance agent, salesperson or in any other capacity,
with the SEC, FINRA, or any securities or insurance commission or other Governmental Authority are duly registered as such and such registrations are in full force and effect, or are in the process of being registered as such within the time periods
required by applicable Law. IFMI Parent and each of its Subsidiaries and each of their respective Representatives are in compliance with all applicable U.S. federal, state and foreign laws requiring any such registration, licensing or qualification,
and are not subject to any Liability by reason of the failure to be so registered, licensed or qualified. There is no Legal Proceeding pending, or to the knowledge of IFMI, threatened that would reasonably be expected to lead to the revocation,
amendment, failure to renew, limitation, suspension or restriction of any such registration, license or qualification applicable to the Business. To the knowledge of IFMI, none of the officers of CCCM or the Transferring Employees is, or since
April&nbsp;4, 2007 has been, subject to any disciplinary or other material regulatory compliance action or complaint by a Governmental Authority. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) With respect to the Business, IFMI Parent and each of its Subsidiaries and each of their respective Representatives that acts as a broker or dealer within the meaning of the Exchange Act,
(i)&nbsp;none of IFMI Parent, its Subsidiaries or any of their respective Representatives is (taking into account any applicable exemption) ineligible pursuant to Section&nbsp;15(b)(4) of the Exchange Act to act as a broker or dealer, (ii)&nbsp;no
&#147;person associated&#148; (as defined in Section&nbsp;3(a)(18) of the Exchange Act) with such Person is (taking into account any applicable exemption) ineligible under Section&nbsp;15(b)(6) of the Exchange Act to serve as a &#147;person
associated&#148; with a broker or dealer, and (iii)&nbsp;there is no Legal Proceeding pending and served on IFMI Parent or its Subsidiaries or any of their respective Representatives with regard to the Business or, to the knowledge of IFMI, pending
and not so served or, to the knowledge of IFMI, threatened against IFMI Parent or any of its Subsidiaries or any of their respective Representatives with regard to the Business by any Governmental Authority which would result in (A)&nbsp;the
inability under such Section&nbsp;15(b)(4) of such Person to act as a broker or dealer or (B)&nbsp;the ineligibility under such Section&nbsp;15(b)(6) of such &#147;person associated&#148; with such person to serve as a &#147;person associated&#148;
with a broker or dealer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) IFMI Parent and each of its Subsidiaries and each of their respective Representatives, and, to
the knowledge of IFMI, its solicitors, third party administrators, managers, brokers and distributors, have, with regard to the Business, marketed, sold and issued </FONT></P>
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investment products and securities in material compliance with all applicable Laws governing sales processes and practices, including any applicable requirements relating to private placements of
securities affecting the Business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) IFMI has made available to the PrinceRidge Entities true, complete and correct copies
of the current Uniform Application for Broker-Dealer Registration on Form BD for CCCM, which reflects all required disclosures as of the date hereof and is in compliance with applicable Law, its FINRA Membership Agreement, including any amendments
thereto, and any other membership agreement between IFMI or any of the Involved Subsidiaries and a Governmental Authority. The capital calculations and FOCUS Reports submitted to FINRA by IFMI and the Involved Subsidiaries, as applicable, prior to
the Interim Closing were, as amended, or will be when submitted, in all material respects properly prepared and accurately reflective of the relevant information about the Business. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) With respect to IFMI Parent and each of its Subsidiaries that, with regard to the Business, serves in a capacity described in
Section&nbsp;9(a) or 9(b) of the Investment Company Act, (i)&nbsp;such Person is not (taking into account any applicable exemption) ineligible under such Section&nbsp;9(a) or 9(b) to serve in such capacity, (ii)&nbsp;no &#147;affiliated person&#148;
(as defined in Section&nbsp;2(a)(3) of the Investment Company Act) of such Person is (taking into account any applicable exemption) ineligible under such Section&nbsp;9(b) of the Investment Company Act to serve as an &#147;affiliated person&#148; of
such Person and (iii)&nbsp;there is no Legal Proceeding pending or, to the knowledge of IFMI, threatened against IFMI Parent or any of its Subsidiaries by any Governmental Authority, which would result in (A)&nbsp;the ineligibility of such Person to
serve in such capacity under such Section&nbsp;9(a) or 9(b) or (B)&nbsp;the ineligibility under such Section&nbsp;9(b) of the Investment Company Act of such &#147;affiliated person&#148; to serve as an &#147;affiliated person&#148; of such Person,
in each case with respect to the Business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) With respect to IFMI Parent and each of its Subsidiaries that acts with regard
to the Business as an investment adviser within the meaning of the Advisers Act, (i)&nbsp;such Person is not (taking into account any applicable exemption) ineligible pursuant to Section&nbsp;203(e) of the Advisers Act to act as an investment
adviser, (ii)&nbsp;no &#147;person associated&#148; (as defined in Section&nbsp;202(a)(17) of the Advisers Act) with such Person is (taking into account any applicable exemption) ineligible under Section&nbsp;203(f) of the Advisers Act to serve as a
&#147;person associated&#148; with an investment adviser and (iii)&nbsp;there is no Legal Proceeding pending or, to the knowledge of IFMI, threatened against IFMI Parent or any of its Subsidiaries by any Governmental Authority, which would result in
(A)&nbsp;the ineligibility under such Section&nbsp;203(e) of such Person to act as an investment adviser or (B)&nbsp;the ineligibility under such Section&nbsp;203(f) of such &#147;person associated&#148; with such Person to serve as a &#147;person
associated&#148; with an investment adviser. IFMI has made available to the PrinceRidge Entities true, complete and correct copies of the current Uniform Application for Investment Advisor Registration on Form ADV for the Advisor Entity
(&#147;<U>Form ADV</U>&#148;), and such Form ADV is in compliance with applicable Law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) With respect to the Business, IFMI
Parent and its Subsidiaries and each of their respective Representatives that is authorized by the FSA have been and are in compliance in all material respects with the material FSA Rules that apply to the performance of the UK Business as conducted
as of the date hereof, as applicable, and their permissions, registrations, memberships and/or authorizations, as the case may be, that are necessary to conduct the UK Business as conducted as of the date hereof are in full force and effect and, to
the knowledge of IFMI, there is no basis for any disqualification, denial, suspension or revocation thereof. </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) CCCM is not subject to or bound by any Laws, other than Laws imposed on similarly
situated broker-dealers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) <U>Schedule 3.6(i)</U> sets forth a complete list of all securities exchanges, commodities
exchanges, clearing corporations and similar organizations in which CCCM holds memberships or has been granted trading privileges by Contract or otherwise. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(j) IFMI Parent has implemented one or more formal codes of ethics, insider trading policies, personal trading policies and other policies as may be required by applicable Law for itself and its
Subsidiaries, and a complete and correct copy of each such policy has been made available to the PrinceRidge Entities. Such codes of ethics, insider trading policies, personal trading policies and other policies comply in all material respects with
applicable Law. The policies of CCCM respecting the avoidance of conflicts of interest are as set forth in the most recent policy manuals of CCCM, which have been made available to the PrinceRidge Entities. To the knowledge of IFMI, since
April&nbsp;4, 2007, there have been no violations by any officer or investment professional of CCCM of such code of ethics, insider trading policy and personal trading policies. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k) CCCM has complied in all material respects with applicable Laws regarding the privacy of clients of CCCM and have established and
complied in all material respects with policies and procedures in this regard reasonably designed to ensure compliance with applicable Laws. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(l) CCCM has, to the extent required by applicable Law, a written anti-money laundering program and a written customer identification program in compliance with applicable Law, CCCM has complied with the
terms of such program in all material respects. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(m) Except for routine examinations conducted by any Governmental Authority
in the regular course of the Business, (i)&nbsp;since December&nbsp;16, 2009, no Governmental Authority has initiated any Legal Proceeding relating to IFMI or any of the Involved Subsidiaries (other than CCCM) and no such Legal Proceeding is
ongoing, unresolved or, to the knowledge of IFMI, threatened by any Governmental Authority, (ii)&nbsp;since December&nbsp;16, 2009, neither IFMI nor any of the Involved Subsidiaries (other than CCCM) has received any notice or communication from any
Governmental Authority (A)&nbsp;threatening to revoke or condition the continuation of any Permit, or (B)&nbsp;restricting or disqualifying its activities (except for restrictions generally imposed by Law on similarly regulated Persons generally),
(iii)&nbsp;since September&nbsp;2, 2010 and, to IFMI&#146;s knowledge, from December&nbsp;16, 2009 through September&nbsp;2, 2010, no Governmental Authority has initiated any Legal Proceeding relating to CCCM and no such Legal Proceeding is ongoing,
unresolved or, to the knowledge of IFMI, threatened by any Governmental Authority and (iv)&nbsp;since September&nbsp;2, 2010 and, to IFMI&#146;s knowledge, from December&nbsp;16, 2009 through September&nbsp;2, 2010, CCCM has not received any notice
or communication from any Governmental Authority (A)&nbsp;of any unresolved violation or examination of CCCM, (B)&nbsp;threatening to revoke or condition the continuation of any Permit, or (C)&nbsp;restricting or disqualifying its activities (except
for restrictions generally imposed by Law on similarly regulated Persons generally). </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.7 <U>Investment Matters</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 2.6(a)(i)</U> sets forth a true, complete and correct list of each of the CCCM Securities as of the date set forth on
such schedule, including the then-current fair market value of such CCCM Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) (i) CCCM has good and marketable
title to the assets held by it (except for CCCM Securities sold under repurchase agreements) free and clear of all Liens, except for Permitted Liens, to the extent such assets are pledged in the ordinary course of business to secure obligations of
IFMI or its Affiliates, and except for such defects in title or Liens that would not be material to CCCM taken as a whole and (ii)&nbsp;such assets are valued on the financial statements of IFMI Parent and its Subsidiaries in accordance with GAAP.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) (i) IFMI or one of the Involved Subsidiaries has (to the extent held by it), and immediately prior to the Interim
Closing, CCCM will have, good and marketable title to the CCCM Securities (except for CCCM Securities sold under repurchase agreements) free and clear of all Liens, except to the extent such CCCM Securities are pledged in the ordinary course of
business to secure obligations of IFMI or its Affiliates and except for such defects in title or Liens that would not be material to IFMI and the Involved Subsidiaries taken as a whole and (ii)&nbsp;such CCCM Securities are valued on the financial
statements of IFMI Parent and its Subsidiaries in accordance with GAAP. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) (i) All Derivative Transactions with respect to
CCCM Securities and Business Liabilities were entered into in the ordinary course of business consistent with past practice and in accordance with prudent banking practices and applicable rules, regulations and policies of any Governmental Authority
and other policies, practices and procedures employed by IFMI and the Involved Subsidiaries and with counterparties believed at the time to be financially responsible and are legal, valid and binding obligations of IFMI or one of the Involved
Subsidiaries and immediately prior to the Closing, of CCCM, enforceable against it in accordance with their terms, except to the extent that the enforceability thereof may be limited by (x)&nbsp;applicable bankruptcy, insolvency or similar Laws from
time to time in effect affecting generally the enforcement of creditors&#146; rights and remedies and (y)&nbsp;general principles of equity, including principles of reasonableness, good faith and fair dealing (regardless of whether enforcement is
sought in equity or at law), and are in full force and effect, (ii)&nbsp;IFMI and the Involved Subsidiaries have duly performed their respective obligations under the Derivative Transactions to the extent required, and (iii)&nbsp;to the knowledge of
IFMI, there are no breaches, violations or defaults or allegations or assertions of such by any party thereunder. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.8 <U>Business Liabilities</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) The employment arrangements with Transferring Employees identified on <U>Schedule 3.13(a)</U> constitute the Assumed Contracts. <U>Schedule 3.8(a)(i)</U> sets forth, in reasonable detail, the Business
Liabilities as of the date set forth on such schedule, including, if estimable, the reasonably estimated annual cost with respect to each Business Liability. Collectively, </FONT></P>
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<U>Schedule 3.8(a)(i)</U>, <U>Schedule 3.17(b)</U>, <U>Schedule 5.6(d)(A)</U>, <U>Schedule 5.6(d)(B) </U>and the liabilities set forth on the balance sheet included in the CCCM Financial
Statements constitute a complete and accurate list of the Business Liabilities and the Liabilities of the UK Business as of the date hereof or the date set forth on such schedule, as applicable, and there are no undisclosed Business Liabilities,
Liabilities of the UK Business or Liabilities of CCCM as of such dates of any kind or nature whatsoever, whether known or unknown, accrued, contingent, absolute, determined or determinable, or whether otherwise due or to become due. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Each Assumed Contract is a legal, valid and binding agreement of IFMI or the Involved Subsidiaries and, assuming the due
authorization, execution and delivery by the other parties thereto, is in full force and effect, enforceable in accordance with its terms (subject, as to enforcement, to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium or similar Laws from time to time in effect affecting generally the enforcement of creditors&#146; rights and remedies and general principles of equity, including principles of reasonableness, good faith and fair dealing (regardless of
whether enforcement is sought in equity or at law)). With respect to all Assumed Contracts, neither IFMI nor any of the Involved Subsidiaries or, to the knowledge of IFMI, any other party to any Assumed Contract is in breach thereof or default
thereunder, and there does not, to the knowledge of IFMI, exist under any Assumed Contract any event which, with the giving of notice or the lapse of time, would constitute such a breach or default. Neither the execution and delivery of this
Agreement or any of the Ancillary Agreements nor the consummation of the Transactions (whether alone or in conjunction with any subsequent event), will (i)&nbsp;result in any increase in any payment becoming due under any of the Assumed Contracts or
otherwise or (ii)&nbsp;give rise to a right of termination, cancellation, amendment, modification or abandonment under or accelerate any right or obligation under, any of the Assumed Contracts. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) There are no Liabilities of the Business or CCCM, other than the Business Liabilities, that will, or would reasonably be expected to,
be imposed on the PrinceRidge Entities or any of their Subsidiaries arising out of the consummation of the Transactions that would not have been imposed had the Transactions not been consummated.<U> </U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.9 <U>Contributed Assets</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 2.6(a)(i)</U> sets forth a true, complete and correct list of each of the CCCM Securities as of the date set forth on such schedule, including the then-current fair market value of such
CCCM Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) As of the date hereof, the Contributed Assets, the Assumed Contracts and the CCCM Material Contracts,
together with the assets, properties, rights and claims of CCCM, constitute all of the assets, properties, goodwill, rights and claims of IFMI and the Involved Subsidiaries used or held for use in the Business, other than certain furniture, fixtures
and equipment, the transfer of which is to be determined at the Interim Closing by the parties hereto. The Contributed Assets are held by IFMI or the Involved Subsidiaries free and clear of all Liens except for Permitted Liens. Neither IFMI nor any
of the Involved Subsidiaries are prohibited from contributing, transferring, assigning or delivering any of the Contributed Assets and upon such contribution, transfer, assignment or delivery, PrinceRidge shall have good and marketable fee simple or
leasehold title, as the case may be, to such Contributed Assets (subject to Permitted Liens). </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.10 <U>No Legal Proceedings</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Except as set forth on <U>Schedule 3.10</U>, there is no Legal Proceeding commenced by any Person or Governmental Authority, pending
nor, to the knowledge of IFMI Parent, threatened, against or affecting the Contributed Assets, IFMI or any of its Subsidiaries that would (i)&nbsp;restrain, enjoin or otherwise prevent the consummation of the Transactions, (ii)&nbsp;as of the date
hereof, reasonably be expected to result in damages in excess of Fifty Thousand Dollars ($50,000), (iii)&nbsp;impose any material non-monetary obligation on any of the Contributed Assets, IFMI Parent or any of its Subsidiaries after the Interim
Closing Date or on the PrinceRidge Entities or any of their Subsidiaries after the Interim Closing Date, or (iv)&nbsp;otherwise have, or would reasonably be expected to have, individually or in the aggregate, an IFMI Material Adverse Effect. Except
as set forth on <U>Schedule 3.10</U>, no Governmental Authority has made any inquiry of, formal or informal, or issued any subpoena to, IFMI or its Subsidiaries prior to the date hereof. There are no judgments, writs, orders or decrees of any
Governmental Authority binding on, or, to the knowledge of IFMI, threatened to be imposed upon IFMI or any of the Involved Subsidiaries that would (i)&nbsp;be binding upon CCCM following consummation of the Transactions or (ii)&nbsp;individually or
in the aggregate, reasonably be expected to have an IFMI Material Adverse Effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) None of CCCM nor any of the Contributed
Assets are subject to (i)&nbsp;any Order mandating any conduct or prohibiting any conduct or (ii)&nbsp;subject to any commitment letter or similar undertaking executed in connection with such Order. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.11 <U>Taxes</U>. (a)&nbsp;IFMI has (as of the date hereof, and as of the Interim Closing Date, as applicable) timely
filed, or caused to be timely filed, all Tax Returns required to be filed by it or any of the Involved Subsidiaries on or before the date hereof or the Interim Closing Date, respectively, under the Code or applicable state, local or foreign Tax
Laws, and each such Tax Return when filed was true, correct and complete in all material respects, (b)&nbsp;IFMI and each of the Involved Subsidiaries has paid (or will pay) all material Taxes due for the periods covered by such Tax Returns whether
or not shown as due on such Tax Returns and has made adequate provision in accordance with GAAP for any of those Taxes not yet due and payable, (c)&nbsp;no Tax Liens, other than Permitted Liens, are in effect or have been filed and no claims or
adjustments are being asserted or threatened in writing with respect to any Taxes of IFMI or any of the Involved Subsidiaries, (d)&nbsp;neither IFMI nor any of the Involved Subsidiaries has received written notice of any Tax audit, inquiry or
assessment which remains outstanding and which IFMI has not made available to the PrinceRidge Entities for review the portion of such notice relating to (and only to) the Contributed Assets or CCCM, (e)&nbsp;each of IFMI and the Involved
Subsidiaries has complied in all material respects with all applicable Laws relating to the payment and withholding of Taxes, (f)&nbsp;there are no outstanding waivers or comparable Consents regarding the application of the statute of limitations
with respect to any of those Taxes or Tax Returns of IFMI and the Involved Subsidiaries, nor any agreement to any extension of time with respect to any such Tax assessment or deficiency, (g)&nbsp;neither IFMI nor any of the Involved Subsidiaries has
any Liability for any Taxes of any other Person as a transferee or successor, by contract or otherwise, and (h)&nbsp;IFMI is not a &#147;foreign person&#148; within the meaning of Section&nbsp;1445 of the Code and the Treasury Regulations.
</FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.12 <U>Employee Benefits</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 3.12</U> identifies each material IFMI Benefit Plan. IFMI has delivered or made available to the PrinceRidge Entities
true and complete copies of each material IFMI Benefit Plan, current summary plan descriptions of each of the IFMI Benefit Plans, the most recent Form 5500 and related schedules for each IFMI Benefit Plan subject to ERISA&#146;s reporting
requirements, the most recent actuarial reports and audited financial statements, and the most recent IRS determination letter with respect to the qualified status of each of the IFMI Benefit Plans that is intended to meet the requirements of a
&#147;qualified plan&#148; under Section&nbsp;401(a) of the Code. The IFMI Benefit Plans have been established and administered in all material respects in accordance with their terms and are in compliance in all material respects with the
applicable Law, including ERISA and the Code. No IFMI Benefit Plan is subject to Title IV of ERISA and neither IFMI nor any ERISA Affiliate has any liability under any such IFMI Benefit Plan that remains unsatisfied. There is no pending or, to the
knowledge of IFMI, threatened material Legal Proceeding relating to a IFMI Benefit Plan. Except as otherwise noted in <U>Schedule 3.12</U>, neither IFMI nor any of the Involved Subsidiaries have any obligations under any of the IFMI Benefit Plans or
employment arrangements with Transferring Employees identified on <U>Schedule 3.13(a)</U> to provide death or medical benefits with respect to any of their equity holders or employees (or their spouses, beneficiaries or dependents) subsequent to the
retirement or other termination of service of any such equity holder or employee, other than continuation coverage as described under Part 6 of Title I of ERISA. Neither the execution and delivery of this Agreement nor the consummation of the
Transactions (whether alone or in conjunction with any subsequent event), will (i)&nbsp;result in any increase in compensation or any payment (including severance, unemployment compensation, golden parachute or otherwise) becoming due to any current
or former director, officer, partner, member, consultant or employee of any of IFMI or any of the Involved Subsidiaries under any of the IFMI Benefit Plans or otherwise, (ii)&nbsp;increase any benefits otherwise payable under any IFMI Benefit Plans,
or (iii)&nbsp;result in any acceleration of the time of payment, funding or vesting of any such benefit (whether through a grantor trust or otherwise). Except as set forth on <U>Schedule 3.12</U>, neither IFMI nor any of the Involved Subsidiaries
maintain any IFMI Benefit Plan outside of the United States of America covering employees of IFMI or the Involved Subsidiaries with regard to the Business who are not citizens or residents of the United States of America. None of the IFMI Benefit
Plans are maintained, contributed to, or sponsored by CCCM and CCCM has no liability or obligations with respect to any IFMI Benefit Plan. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) With respect to IFMI and each of the Involved Subsidiaries, each agreement, contract, plan or other arrangement that is or that forms a part of a non-qualified deferred compensation plan described in
Section&nbsp;409A and Section&nbsp;457A of the Code, has been operated in good faith compliance with Section&nbsp;409A and Section&nbsp;457A and is in material compliance with Section&nbsp;409A and Section&nbsp;457A. </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.13 <U>Employment Matters</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 3.13(a)</U> sets forth a true, complete and correct list, accurate as of the date set forth thereon, of all individuals
employed by, or engaged in the conduct of, the Business, including, with respect to each individual: (i)&nbsp;name; (ii)&nbsp;date of hire; (iii)&nbsp;current compensation (including salaries/draws and bonus opportunity); (iv)&nbsp;compensation for
which the individual would be entitled upon termination; (v)&nbsp;employment status (i.e., active, disabled, in good standing, on authorized leave and reason therefor); (vi)&nbsp;department; (vii)&nbsp;title; (viii)&nbsp;location; (ix)&nbsp;CRD
number; (x)&nbsp;supervisor; (xi)&nbsp;registrations held; (xii)&nbsp;all Contracts to which any individual employed by, or engaged in the conduct of the Business is party; (xiii)&nbsp;the aggregate revenues attributed to such individual during the
last fiscal year; and (xiv)&nbsp;whether full-time, part-time or per-diem. Each such individual is employed or engaged in the conduct of the Business by IFMI or one of the Involved Subsidiaries as of the date hereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Also set forth on <U>Schedule 3.13(a)</U> is a true, complete and correct list, accurate as of the date set forth thereon, of each
individual to whom IFMI or one of the Involved Subsidiaries has provided an offer of employment, including, with respect to each individual (i)&nbsp;name; (ii)&nbsp;proposed compensation; and (iii)&nbsp;proposed department, title and supervisor.
<U>Schedule 3.13 (a)</U>&nbsp;shall be updated by IFMI as of the Interim Closing Date and delivered to PrinceRidge. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c)
Neither IFMI nor any of the Involved Subsidiaries is a party to or bound by a collective bargaining agreement, or any other agreement with a labor union or guild. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.14 <U>Real Property</U>. <U>Schedule 3.14</U> sets forth a true, complete and correct list, accurate as of the date hereof, of all leases, subleases, licenses and other Contracts, whether
written or oral, whereby IFMI or any of its Affiliates uses or occupies, or has the right to use or occupy, any real property in connection with the conduct of the Business, other than the Excluded Properties (the &#147;<U>IFMI Real Property
Leases</U>&#148; and such real property, whether included, or required to be included, on <U>Schedule 3.14</U>, the &#147;<U>IFMI Leased Real Property</U>&#148;). For each Leased Real Property, <U>Schedule 3.14</U> sets forth (i)&nbsp;the address of
such property, where available, and where not available, such other customary identification of the location of such property, (ii)&nbsp;the identity of the lessor and lessee, sublessor and sublessee, licensor and licensee, or vendor and vendee, as
the case may be, with respect to such property and the related IFMI Real Property Lease(s), and (iii)&nbsp;the current annual rent and term under the related IFMI Real Property Lease(s). Other than as set forth on <U>Schedule 3.14</U>&cedil; and
other than the Excluded Properties, neither IFMI nor any of its Affiliates has any other interest in any IFMI Leased Real Property used in connection with the conduct of the Business. IFMI has delivered to the PrinceRidge Entities, prior to the date
hereof, copies of all IFMI Real Property Leases set forth on <U>Schedule 3.14</U> (including all written modifications, amendments, supplements, extensions, assignments or subleases, waivers, side letters and any notices of any uncured default
related thereto in the possession or control of IFMI or the Involved Subsidiaries), which are true, complete and correct in all material respects of the date of this Agreement. CCCM has not owned, and does not currently own, any real property used
in connection with the conduct of the Business. Except as set forth in <U>Schedule 3.14</U>, as of the Interim Closing Date, CCCM does not own or lease, and to the knowledge of IFMI, nor has it ever owned or leased, real property that is the subject
of any claim or where there exist conditions that are reasonably likely to result in liability under environmental health or safety laws, that individually or in the aggregate would reasonably be expected to have an IFMI Material Adverse Effect.
</FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.15 <U>Certain Business Practices</U>. Neither IFMI Parent nor any of its
Subsidiaries, nor any of their respective partners, members, shareholders, directors, officers, employees, agents or other representatives has (i)&nbsp;used any funds for unlawful contributions, gifts, entertainment or other expenses related to
political activity, (ii)&nbsp;made any unlawful payment to foreign or domestic government officials or employees or to foreign or domestic political parties or campaigns or violated any provision of the FCPA, (iii)&nbsp;made any payment in the
nature of criminal bribery, (iv)&nbsp;provided any remuneration or received any remuneration in violation of 42 U.S.C. Section&nbsp;1320a(b), the federal anti-kickback statute or any similar Law, or (v)&nbsp;participated in providing financial or
reimbursement information to a client that was both reported to government agencies for reimbursement and untrue or misleading, in violation of any federal &#147;False Claims Act&#148; or any similar Law. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.16 <U>IFMI Financial Statements</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) IFMI Parent has filed or furnished, as applicable, on a timely basis all forms, statements, certifications, reports and documents required to be filed or furnished by IFMI Parent with the SEC under
the Exchange Act or the Securities Act since December&nbsp;16, 2009 (the forms, statements, reports and documents filed or furnished since such date, including those filed or furnished between the date hereof and the Interim Closing Date, and
including any amendments thereto, the &#147;<U>SEC Reports</U>&#148;). Each of the SEC Reports, at the time of its filing or being furnished complied or will comply in all material respects with the applicable requirements of the Exchange Act, the
Securities Act, and the Sarbanes-Oxley Act of 2002, and any rules and regulations promulgated thereunder applicable to the SEC Reports. As of their respective dates (or, if amended prior to the date hereof, as of the date of such amendment), the SEC
Reports did not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances in which they were made, not
misleading. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Each of (i)&nbsp;the audited consolidated balance sheets included in the SEC Reports (including the related
notes and schedules) was prepared in accordance with GAAP applied on a consistent basis as at the date thereof and fairly present the consolidated financial position of IFMI Parent and its Subsidiaries at the respective dates thereof and
(ii)&nbsp;the related consolidated statements of earnings, cash flows and stockholders&#146; equity included in the SEC Reports (including the related notes and schedules) were prepared in accordance with GAAP applied on a consistent basis
throughout the periods covered and fairly present the results of operations and cash flows of IFMI Parent and its Subsidiaries for the periods indicated (subject, in the case of each of clause (i)&nbsp;and (ii)&nbsp;to normal and/or recurring
year-end adjustments and the absence of full footnotes disclosure in the case of unaudited financial statements) (collectively, the &#147;<U>IFMI Parent Financial Statements</U>&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) IFMI has delivered to the PrinceRidge Entities: (i)&nbsp;the audited statement of financial condition of CCCM, as of
December&nbsp;31, 2010 and December&nbsp;31, 2009 and the related audited consolidated statements of operations, cash flows and members&#146; equity for the period then ended, including the related reports of the independent auditor reviewing such
financial statements, and (ii)&nbsp;within ten (10)&nbsp;Business Days following the date hereof, IFMI shall deliver the unaudited statement of financial condition of CCCM, as of March&nbsp;31, 2011 and the related unaudited consolidated statements
of operations, cash flows, and members&#146; equity for the quarter </FONT></P>
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then ended (collectively, the &#147;<U>CCCM Financial Statements</U>&#148;). Each of (x)&nbsp;the statements of financial condition included in the CCCM Financial Statements was, and the
unaudited balance sheet of CCCM as at each month end prior to the Interim Closing (as delivered to PrinceRidge pursuant to the second sentence of <U>Section&nbsp;5.7(a)</U>) shall be, prepared in accordance with GAAP applied on a consistent basis as
at the date thereof and fairly present the financial position of CCCM at the respective dates thereof and (y)&nbsp;the related statements of operations, cash flows and members&#146; equity were prepared in accordance with GAAP applied on a
consistent basis throughout the periods covered for the periods indicated (subject, in the case of each of clause (x)&nbsp;and (y)&nbsp;to normal and/or recurring year-end adjustments and the absence of full footnotes disclosure in the case of
unaudited financial statements) (the <U>CCCM Financial Statements</U> together with the IFMI Parent Financial Statements are collectively, the &#147;<U>IFMI Financial Statements</U>&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) Except for (i)&nbsp;liabilities which arose in the ordinary course of business after December&nbsp;31, 2010; (ii)&nbsp;liabilities,
including reserves, which are reflected or reserved against on the balance sheet as of December&nbsp;31, 2010 included in the IFMI Parent Financial Statements; and (iii)&nbsp;liabilities set forth in <U>Schedule 3.16(d)</U> hereto, IFMI and the
Involved Subsidiaries do not have any Liabilities or obligations of any kind or nature whatsoever, whether known or unknown, accrued, contingent, absolute, determined or determinable, or whether otherwise due or to become due. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.17 <U>Contracts</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) Except for (i)&nbsp;Contracts that contain customary arms-length terms, (ii)&nbsp;Contracts in respect of services and products that are to be continued or provided pursuant to this Agreement,
(iii)&nbsp;the Constituent Documents of CCCM, and (iv)&nbsp;as set forth on <U>Schedule 3.17(a)</U>, CCCM is not a party to any Contract or arrangement with IFMI or any Affiliate of IFMI. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>Schedule 3.17(b)</U> lists all Contracts, other than employment-related Contracts and the Contracts listed on <U>Schedule
3.8(a)(i)</U>, material to either (A)&nbsp;CCCM or (B)&nbsp;the conduct of the Business (collectively, the &#147;<U>CCCM Material Contracts</U>&#148;), including but not limited to: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) any Contracts entered into by CCCM outside the ordinary course of business; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) any Contract under which (A)&nbsp;any Person has directly or indirectly guaranteed or assumed Indebtedness, Liabilities or
obligations of CCCM or (B)&nbsp;CCCM has indirectly guaranteed or assumed Indebtedness, Liabilities or obligations of any Person (including itself and any other Subsidiary of IFMI Parent), in each case in excess of $350,000 individually or $750,000
in the aggregate; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) any Contract providing for the indemnification by CCCM of any Person (other than directors, managers
and officers of a PrinceRidge Entity or any of its Subsidiaries) with respect to Liabilities, whether absolute, accrued, contingent or otherwise, that would reasonably be expected to be material to CCCM; </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) any Contract that obligates CCCM to pay an amount in excess of $350,000 in any twelve
(12)&nbsp;month period; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) any Contract for the provision of services by CCCM with an annual value in excess of $250,000;
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) any Contract under which any obligations are triggered upon a change in control of CCCM; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vii) any Contract that requires CCCM to share fees or other payments, waive fees or other payments, share expenses, reimburse or assume
any fees or expenses, pay any earn-out or similar contingent obligation, or reimburse or refund any fees under a &#147;clawback&#148; provision; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(viii) other than as contemplated by this Agreement, any Contract for the future acquisition or disposition of any assets or properties that are, in the aggregate, material to the Business; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ix) any other Contract, arrangement or commitment material to CCCM or the Business of a type that is not referred to in clauses
(i)&nbsp;through (viii). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Each CCCM Material Contract is a legal, valid and binding obligation of IFMI or one of the
Involved Subsidiaries, as applicable, and is in full force and effect and enforceable against IFMI or one of the Involved Subsidiaries, as applicable, and, to the knowledge of IFMI, the counterparty or counterparties thereto, in each case in
accordance with its terms. True, complete and correct copies of all CCCM Material Contracts have been made available to the PrinceRidge Entities by IFMI. Neither IFMI nor any of the Involved Subsidiaries, nor, to the knowledge of IFMI, the
counterparty or counterparties thereto, is in breach of any provision of any CCCM Material Contract, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default. Neither the
execution and delivery of this Agreement or any of the Ancillary Agreements nor the consummation of the Transactions (whether alone or in conjunction with any subsequent event), will (i)&nbsp;result in any decrease in any payment becoming due under
any of the CCCM Material Contracts or otherwise or (ii)&nbsp;give rise to a right of termination, cancellation, modification, amendment or abandonment under or accelerate any right or obligation under, any of CCCM Material Contracts. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.18 <U>No Other Agreements</U>. IFMI has delivered a copy of the CMBS LOI to the PrinceRidge Entities and there are no
other Contracts relating to the CMBS LOI, or the transactions contemplated thereby, other than the CMBS LOI itself. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.19 <U>Insurance</U>. CCCM is a named insured on the material insurance policies maintained by IFMI. <U>Schedule 3.19</U>
sets forth the material insurance policies maintained by IFMI on which CCCM is a named insured, together with the amount of coverage for each policy, the premium due dates and the dates of last payment, and indicates which of such insurance policies
are claims made policies and which of such policies are occurrence-based policies. To the knowledge of IFMI, the insurance policies maintained by it provide insurance in such amounts and against such risks and losses as are generally maintained with
respect to </FONT></P>
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comparable companies and properties. All insurance policies maintained by IFMI are in full force and effect (with respect to the applicable coverage periods), and IFMI is not in default in any
material respect of any of its obligations under any of such insurance policies. Except as set forth on <U>Schedule 3.19</U>, there are no outstanding claims against the insurance policies of IFMI and the Involved Subsidiaries with regard to the
Contributed Assets or the Business Liabilities or otherwise affecting the Business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.20 <U>Intellectual
Property</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 3.20 (a)</U>&nbsp;sets forth, as of the date hereof, a complete list of all material
Intellectual Property owned or licensed by IFMI and the Involved Subsidiaries, and identifies which of such Intellectual Property is the subject of an application or registration. To the knowledge of IFMI, neither IFMI nor any of the Involved
Subsidiaries is in breach of any agreement to which IFMI or any of the Involved Subsidiaries is a party governing the provision or use of such Intellectual Property. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) Except as set forth in <U>Schedule 3.20 (b)</U>, there is no litigation pending or, to the knowledge of IFMI, threatened against IFMI or any of the Involved Subsidiaries that involves a claim
(i)&nbsp;alleging that the operation of the Business infringes, misappropriates, dilutes or otherwise violates a third party&#146;s Intellectual Property rights or (ii)&nbsp;challenging the ownership, use, validity, enforceability or registrability
of any Intellectual Property owned or leased by IFMI or the Involved Subsidiaries with regard to the Business. To the knowledge of IFMI, the Business as currently conducted does not infringe, misappropriate, or otherwise violate any third
party&#146;s Intellectual Property rights. Neither IFMI nor any of the Involved Subsidiaries has brought or threatened a claim against any third party (A)&nbsp;alleging infringement, misappropriation, dilution or other violation of any Intellectual
Property owned by IFMI or any of the Involved Subsidiaries or (B)&nbsp;challenging any such third party&#146;s ownership or use of or the validity, enforceability or registrability of, such third party&#146;s Intellectual Property, and, to the
knowledge of IFMI, there is no basis for a claim regarding any of the foregoing with regard to the Business. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.21 <U>No Brokers</U>. No broker, finder or similar intermediary is acting, or has acted, for, or on behalf of, IFMI Parent
or any of its Subsidiaries in connection with this Agreement or the Transactions, and no broker, finder, agent or similar intermediary is entitled to any broker&#146;s, finder&#146;s or similar fee or other commission in connection therewith based
on any agreement, arrangement or understanding with IFMI Parent or any of its Subsidiaries or any action taken by IFMI Parent or any of its Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.22 <U>Acknowledgements</U>. IFMI acknowledges and agrees that each PrinceRidge Entity has not made and is not making any representations or warranties, express or implied, in respect of
such PrinceRidge Entity and its Affiliates or its business, assets or properties, except for those representations and warranties set forth in <U>Article 4</U> hereof (in each case, as modified by the PrinceRidge Disclosure Schedule) and except as
set forth in the Ancillary Agreements to which such PrinceRidge Entity is a party or contained in any certificate delivered by the PrinceRidge Entities in connection with the Interim Closing under this Agreement. </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.23 <U>Capitalization</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 3.23(a)</U> sets forth a true, complete and correct list of the authorized, issued and outstanding Equity Interests in
CCCM (the &#147;<U>CCCM Equity Interests</U>&#148;), including each Person that owns, beneficially or of record, any CCCM Equity Interests as of the date hereof. Except as set forth on <U>Schedule 3.23(a)</U>, the outstanding CCCM Equity Interests
are owned by a wholly owned Subsidiary of IFMI, free and clear of all Liens, and are duly authorized, validly issued, fully paid and nonassessable, and have not been issued in violation of any preemptive or other similar rights. CCCM is not subject
to any obligation or requirement to provide funds to or make any material investment (in the form of a loan, capital contribution or otherwise) in any entity or any other person. After giving effect to the Contribution and immediately after the
Interim Closing, PrinceRidge will acquire good, valid and marketable title to CCCM Equity Interests, free and clear of all Liens. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) Other than the CCCM Securities, there is no corporation, partnership, limited liability company, joint venture, business, trust or other Person in which CCCM owns, directly or indirectly, any equity
or other interest of any kind. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Other than as set forth in the Constituent Documents of IFMI Parent or its Affiliates or
on <U>Schedule 3.23(c)</U>, neither IFMI nor any of the Involved Subsidiaries has nor is any bound by any outstanding subscriptions, options, warrants, calls, puts, commitments, phantom equity rights, equity appreciation rights or Contracts calling
for the purchase or issuance of any CCCM Equity Interests or representing the right to purchase or otherwise receive any CCCM Equity Interests or relating to the allocation of earnings of CCCM to which such CCCM Equity Interests are entitled.
</FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 4 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>REPRESENTATIONS AND WARRANTIES OF THE PRINCERIDGE ENTITIES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Except as set
forth in the correspondingly numbered section of the disclosure schedule (the &#147;<U>PrinceRidge Disclosure Schedule</U>&#148;) delivered by the PrinceRidge Entities to IFMI prior to the execution of this Agreement, each of the PrinceRidge
Entities represents and warrants as of the date hereof and, except to the extent that specific representations and warranties by their terms speak specifically as of the date hereof or as of an earlier date, as of the Interim Closing Date to IFMI as
follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.1 <U>Organization and Qualification</U>. Each PrinceRidge Entity and each of its Subsidiaries is duly
organized, validly existing and in good standing under the Laws of its jurisdiction of organization, with all requisite power and authority required to conduct its business as currently conducted. Each PrinceRidge Entity and each of its Subsidiaries
is duly qualified to transact business and is in good standing in each jurisdiction where the ownership or operation of its assets and properties or the conduct of its business requires such qualification, except to the extent that the failure to be
so qualified and in good standing would not, individually or in the aggregate, reasonably be expected to have a PrinceRidge Material Adverse Effect. Each PrinceRidge Entity and each of its Subsidiaries has the requisite power and authority to own
and conduct its business as currently conducted. </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.2 <U>Authorization</U>. The execution and delivery by each PrinceRidge
Entity of this Agreement and the Ancillary Agreements to which it is a party, the consummation of the Transactions to which it is a party and the performance by each PrinceRidge Entity of its obligations hereunder and thereunder are within each
PrinceRidge Entity&#146;s powers, and have been duly authorized by all necessary action, and no other proceedings on the part of any PrinceRidge Entity or any of its Affiliates are necessary to approve this Agreement or to consummate the
Transactions. This Agreement and each of the Ancillary Agreements to which a PrinceRidge Entity is a party has been duly executed and delivered by the applicable PrinceRidge Entity and (assuming the due authorization, execution and delivery by the
other non-PrinceRidge Entity parties hereto and thereto) constitutes a legal, valid and binding agreement of such PrinceRidge Entity enforceable against such PrinceRidge Entity in accordance with its terms, except to the extent that the
enforceability thereof may be limited by (a)&nbsp;applicable bankruptcy, insolvency or similar Laws from time to time in effect affecting generally the enforcement of creditors&#146; rights and remedies and (b)&nbsp;general principles of equity,
including principles of reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in equity or at law). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.3 <U>Non-Contravention; Approvals</U>. The execution and delivery by each PrinceRidge Entity of this Agreement and the Ancillary Agreements to which it is a party, the consummation by each
PrinceRidge Entity of the Transactions to which it is a party and the performance by each PrinceRidge Entity of its obligations hereunder and thereunder (a)&nbsp;do not and will not result in any violation of any Constituent Documents of a
PrinceRidge Entity or any of its Affiliates, (b)&nbsp;do not in any material respect violate any applicable Laws of any Governmental Authority to which a PrinceRidge Entity or any of its Affiliates is subject or by which any substantial part of the
properties or assets of a PrinceRidge Entity or any of its Affiliates is bound, (c)&nbsp;do not in any material respect violate any Order binding on a PrinceRidge Entity or any of its Affiliates or any substantial part of the properties or assets of
a PrinceRidge Entity or any of its Affiliates, and (d)&nbsp;except as set forth on <U>Schedule 4.3</U>, do not otherwise require any (x)&nbsp;Governmental Approvals or (y)&nbsp;Third Party Consents to be obtained by a PrinceRidge Entity or any of
its Affiliates. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.4 <U>Absence of Certain Changes or Events</U>. Except as set forth on <U>Schedule 4.4</U>, and
except with respect to any actions as provided to be taken hereunder or in connection herewith, since December&nbsp;31, 2010 to the date hereof, each PrinceRidge Entity and each of its Subsidiaries has conducted its business in the ordinary course
consistent with past practice and there has not been: (a)&nbsp;any change, occurrence, development, event or state of circumstances or facts that has had or would reasonably be expected to have, individually or in the aggregate, a PrinceRidge
Material Adverse Effect; (b)&nbsp;any material change in any accounting methods, principles or practices; (c)&nbsp;any material change in, or adoption of any new and material, tax accounting principle, method of tax accounting or tax election;
(d)&nbsp;any incurrence, assumption or guarantee of any material indebtedness for borrowed money; (e)&nbsp;any creation or assumption of any Lien on any assets (other than any Permitted Liens); (f)&nbsp;any making of any material loan, advance or
capital contribution to, or investment in any Person (excluding customary loans and advances to employees in amounts immaterial to the maker of such loan or advance or such payments as made in the ordinary course of business); (g)&nbsp;any damage,
destruction or other casualty loss (whether or not covered by insurance) materially affecting the respective business of any PrinceRidge Entity or its Subsidiaries; (h)&nbsp;any (i)&nbsp;material
</FONT></P>
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employment, consulting, partnership, deferred compensation, severance or retirement agreement entered into with any director, officer, consultant, independent contractor, member, partner,
stockholder or employee of any PrinceRidge Entity or any of its Subsidiaries, (ii)&nbsp;grant of any material severance or termination pay to any director, officer, consultant, partner, independent contractor, stockholder, member or employee of any
PrinceRidge Entity or any of its Subsidiaries, or (iii)&nbsp;material change in compensation or any benefits payable under any PrinceRidge Benefit Plan payable to any director, officer, consultant or employee of any PrinceRidge Entity or any of its
Subsidiaries; (j)&nbsp;any setting aside or payment of any material amount by any PrinceRidge Entity or any of its Subsidiaries to, or entering into any material Contracts with any Subsidiary of any PrinceRidge Entity or any of its Subsidiaries, to
the extent not otherwise disclosed hereunder; (k)&nbsp;the (i)&nbsp;commencement of or (ii)&nbsp;the release, assignment, settlement or compromise of any material Legal Proceeding affecting any PrinceRidge Entity or any of its Subsidiaries;
(l)&nbsp;any amendment, suspension, cancellation, revocation, termination of, or any material breach or default under, any Permits of any PrinceRidge Entity or any of its Subsidiaries; (m)&nbsp;any material change in the practices, policies or
procedures that any PrinceRidge Entity or any of its Subsidiaries has used in connection with paying its accounts payable or collecting its accounts receivable; or (n)&nbsp;any agreement to take or commitment to take any of the foregoing actions.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.5 <U>Compliance with Laws</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) Except as set forth on <U>Schedule 4.5</U>, each PrinceRidge Entity and each of its Subsidiaries has been, since inception, in compliance, in all material respects, with all material Laws applicable
to it, its business and its employees. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Except as set forth on <U>Schedule 4.5</U>, no PrinceRidge Entity nor any of their
Subsidiaries has received any written or oral notification from any Governmental Authority or the staff thereof (i)&nbsp;asserting that a PrinceRidge Entity or any of its Subsidiaries is not in compliance with any applicable Laws which such
Governmental Authority enforces, including any deficiency letter, (ii)&nbsp;threatening to revoke any Permits or Orders of a PrinceRidge Entity or its Subsidiaries or (iii)&nbsp;requiring a PrinceRidge Entity or its Subsidiaries (x)&nbsp;to enter
into or consent to the issuance of a cease and desist order, formal agreement, directive or memorandum of understanding, or (y)&nbsp;to adopt any resolution or similar undertaking, which in each case restricts in any material respect the conduct of
the business of a PrinceRidge Entity or its Subsidiaries, or in any manner relates to the capital adequacy, credit or reserve policies, management, or making of distributions by a PrinceRidge Entity or any of its Subsidiaries. To the knowledge of
the PrinceRidge Entities, none of the officers of any PrinceRidge Entity or their Subsidiaries or any of their respective employees is, or since January&nbsp;28, 2008 has been, subject to any disciplinary or other material regulatory compliance
action or complaint by a Governmental Authority. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Except as set forth on <U>Schedule 4.5</U>, each PrinceRidge Entity and
each of its Subsidiaries has and has maintained all material policies and procedures required of it and of its respective business by applicable Law, and such policies and procedures are designed to ensure compliance with, applicable Laws.
</FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) The PrinceRidge Entities and each of their Subsidiaries are in possession of and are in
compliance with all material Permits necessary for the conduct of their respective businesses as presently conducted, (ii)&nbsp;to the knowledge of the PrinceRidge Entities, there is no PrinceRidge Entity or Subsidiary that is not so in possession
of such Permits and (iii)&nbsp;each of the PrinceRidge Subsidiaries has substantially fulfilled and performed its obligations under each of the Permits in all material respects and no suspension or cancellation of any Permits is pending or, to the
knowledge of the PrinceRidge Entities, threatened and each of the Permits is valid, subsisting and in full force and effect, except where (A)&nbsp;the failure to fulfill or perform any obligation under any Permit or (B)&nbsp;any pending or
threatened suspension or cancellation of any Permit would not, individually or in the aggregate, reasonably be expected to materially adversely affect the conduct of the respective business of the PrinceRidge Entities or their Subsidiaries, result
in the imposition of a material liability on either of the PrinceRidge Entities or their Subsidiaries or prevent or materially delay the consummation by either of the PrinceRidge Entities or their Subsidiaries of the Transactions. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.6 <U>Broker-Dealer Matters</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 4.6(a)</U> sets forth an organizational chart by employee, including the current licenses and registrations, CRD Number, title and supervisor for each employee of the PrinceRidge Entities
and their Subsidiaries that are related to the activities of PrinceRidge Group and each PrinceRidge Entity and each of its Subsidiaries and each of their respective Representatives that are required to be registered, licensed or qualified as
(i)&nbsp;a broker-dealer, investment adviser, futures commission merchant, commodities trading adviser or commodity pool operator or (ii)&nbsp;a registered principal, registered representative, investment adviser representative, insurance agent,
salesperson or in any other capacity, with the SEC, FINRA, or any securities or insurance commission or other Governmental Authority are duly registered as such and such registrations are in full force and effect, or are in the process of being
registered as such within the time periods required by applicable Law. Each PrinceRidge Entity and its Subsidiaries and each of their respective Representatives are in compliance with all applicable U.S. federal, state and foreign laws requiring any
such registration, licensing or qualification, and are not subject to any Liability by reason of the failure to be so registered, licensed or qualified. There is no Legal Proceeding pending, or to the knowledge of either PrinceRidge Entity,
threatened that would reasonably be expected to lead to the revocation, amendment, failure to renew, limitation, suspension or restriction of any such registration, license or qualification applicable to such PrinceRidge Entity and each of its
Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) With respect to each PrinceRidge Entity and each of its Subsidiaries and each of their respective
Representatives that acts as a broker or dealer within the meaning of the Exchange Act, (i)&nbsp;none of the PrinceRidge Entities, its Subsidiaries or any of their respective Representatives is (taking into account any applicable exemption)
ineligible pursuant to Section&nbsp;15(b)(4) of the Exchange Act to act as a broker or dealer, (ii)&nbsp;no &#147;person associated&#148; (as defined in Section&nbsp;3(a)(18) of the Exchange Act) with such Person is (taking into account any
applicable exemption) ineligible under Section&nbsp;15(b)(6) of the Exchange Act to serve as a &#147;person associated&#148; with a broker or dealer, and (iii)&nbsp;there is no Legal Proceeding pending and served on any PrinceRidge Entity or any of
its Subsidiaries or any of their respective Representatives or, to the knowledge of any PrinceRidge Entity, pending and not so served or, to the knowledge of any PrinceRidge Entity, threatened against any PrinceRidge Entity or its Subsidiaries by
any </FONT></P>
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Governmental Authority which would result in (A)&nbsp;the inability under such Section&nbsp;15(b)(4) of such Person to act as a broker or dealer or (B)&nbsp;the ineligibility under such
Section&nbsp;15(b)(6) of such &#147;person associated&#148; with such person to serve as a &#147;person associated&#148; with a broker or dealer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) Each PrinceRidge Entity and each of its Subsidiaries and each of their respective Representatives, and, to the knowledge of any PrinceRidge Entity, its solicitors, third party administrators,
managers, brokers and distributors, have marketed, sold and issued investment products and securities in material compliance with all applicable Laws governing sales processes and practices, including any applicable requirements relating to private
placements of securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) The PrinceRidge Entities have made available to IFMI true, complete and correct copies of the
current Uniform Application for Broker-Dealer Registration on Form BD for the PrinceRidge Group, which reflects all required disclosures as of the date hereof and is in compliance with applicable Law, its FINRA Membership Agreement, including any
amendments thereto and any other membership agreement between the PrinceRidge Group or any of its Subsidiaries and a Governmental Authority. The capital calculations and FOCUS Reports submitted to FINRA by the PrinceRidge Entities or any of their
Subsidiaries prior to the Interim Closing were, as amended, or will be when submitted, in all material respects properly prepared and accurately reflective of the relevant information about PrinceRidge Group and any applicable PrinceRidge Entity or
its Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) No PrinceRidge Entity nor any of their Subsidiaries serves in a capacity described in Section&nbsp;9(a)
or 9(b) of the Investment Company Act. No PrinceRidge Entity nor any of their Subsidiaries acts as an investment adviser within the meaning of the Advisers Act. No PrinceRidge Entity nor any of their Subsidiaries is authorized by the FSA.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) Except as set forth on <U>Schedule 4.6(f)</U> and except for routine examinations conducted by any Governmental Authority
in the regular course of the Business, since January&nbsp;28, 2008, (i)&nbsp;no Governmental Authority has initiated any Legal Proceeding relating to either PrinceRidge Entity or its Subsidiaries and no such Legal Proceeding is ongoing, unresolved
or, to the knowledge of the PrinceRidge Entities, threatened by any Governmental Authority and (ii)&nbsp;neither PrinceRidge Entity nor its Subsidiaries has received any notice or communication from any Governmental Authority (A)&nbsp;of any
unresolved violation or examination of such PrinceRidge Entity or Subsidiary, (B)&nbsp;threatening to revoke or condition the continuation of any Permit or (C)&nbsp;restricting or disqualifying its activities (except for restrictions generally
imposed by Law on similarly regulated Persons generally). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) No PrinceRidge Entity nor any of their Subsidiaries is subject
to or bound by any Laws, other than Laws imposed on similarly situated broker-dealers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) <U>Schedule 4.6(h)</U> sets forth
a complete list of all securities exchanges, commodities exchanges, clearing corporations and similar organizations in which a PrinceRidge or any of their Subsidiaries holds memberships or has been granted trading privileges by Contract or
otherwise. </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) PrinceRidge has implemented one or more formal codes of ethics, insider trading
policies, personal trading policies and other policies as may be required by applicable Law for itself and its Subsidiaries, and a complete and correct copy of each such policy has been made available to IFMI. Such codes of ethics, insider trading
policies, personal trading policies and other policies comply in all material respects with applicable Law. The policies of PrinceRidge respecting the avoidance of conflicts of interest are as set forth in the most recent policy manuals of
PrinceRidge, which have been made available to IFMI. To the knowledge of the PrinceRidge Entities, since January&nbsp;28, 2008, there have been no violations by any officer or investment professional of any PrinceRidge Entity or any of their
Subsidiaries of such code of ethics, insider trading policy and personal trading policies. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) The PrinceRidge Entities and
their Subsidiaries have complied in all material respects with applicable Laws regarding the privacy of clients of the PrinceRidge Entities and their Subsidiaries and have established and complied in all material respects with policies and
procedures in this regard reasonably designed to ensure compliance with applicable Laws. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k) PrinceRidge has, to the extent
required by applicable Law, a written anti-money laundering program and a written customer identification program in compliance with applicable Law, the PrinceRidge Entities and their Subsidiaries have complied with the terms of such program in all
material respects. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.7 <U>Investment Matters</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) (i) A PrinceRidge Entity or one of its Affiliates has good and marketable title to the PrinceRidge Securities held by it (except for
any PrinceRidge Securities sold under repurchase agreements) free and clear of all Liens, except to the extent such PrinceRidge Securities are pledged in the ordinary course of business to secure obligations of a PrinceRidge Entity or its Affiliates
and except for such defects in title or Liens that would not be material to a PrinceRidge Entity and its Affiliates taken as a whole and (ii)&nbsp;such PrinceRidge Securities are valued on the financial statements of the applicable PrinceRidge
Entity or its Affiliate in accordance with GAAP. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) (i) All Derivative Transactions with respect to the PrinceRidge
Securities were entered into in the ordinary course of business consistent with past practice and in accordance with prudent banking practices and applicable rules, regulations and policies of any Governmental Authority and other policies, practices
and procedures employed by a PrinceRidge Entity and its Affiliates and with counterparties believed at the time to be financially responsible and are legal, valid and binding obligations of a PrinceRidge Entity or one of its Affiliates enforceable
against it in accordance with their terms, except to the extent that the enforceability thereof may be limited by (x)&nbsp;applicable bankruptcy, insolvency or similar Laws from time to time in effect affecting generally the enforcement of
creditors&#146; rights and remedies and (y)&nbsp;general principles of equity, including principles of reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in equity or at law), and are in full force and effect,
(ii)&nbsp;each PrinceRidge Entity and its Affiliates have duly performed their respective obligations under the Derivative Transactions to the extent required, and (iii)&nbsp;to the knowledge of the PrinceRidge Entities, there are no breaches,
violations or defaults or allegations or assertions of such by any party thereunder. </FONT></P>
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 <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.8 <U>Capitalization</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 4.8(a)</U> sets forth a true, complete and correct list of the authorized, issued and outstanding Equity Interests in
each PrinceRidge Entity, including each Person that owns, beneficially or of record, any Equity Interests in such PrinceRidge Entity as of the date hereof. The outstanding Equity Interests in each PrinceRidge Entity have been duly authorized and
validly issued and are fully paid and non-assessable, and have not been issued in violation of any preemptive or other similar rights. Immediately after the Interim Closing, (i)&nbsp;IFMI shall acquire the IFMI Equity Interests in PrinceRidge and
PrinceRidge GP in accordance with <U>Article 2</U>, and (ii)&nbsp;such IFMI Equity Interests have all the rights and privileges set forth with respect thereto in the Constituent Documents of the applicable PrinceRidge Entity, as amended and restated
pursuant to this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>Schedule 4.8(b)</U> lists the capitalization of each direct and indirect Subsidiary of
each PrinceRidge Entity, including each Person that owns, beneficially or of record, any Equity Interests in such Subsidiary. All the outstanding Equity Interests of such Subsidiaries are owned by either a PrinceRidge Entity, by the PrinceRidge
Entities, by a wholly owned Subsidiary of a PrinceRidge Entity or by the PrinceRidge Entities and another wholly owned Subsidiary of the PrinceRidge Entities, free and clear of all Liens, and are duly authorized, validly issued, fully paid and
nonassessable, and have not been issued in violation of any preemptive or other similar rights. Except for the Equity Interests of the Subsidiaries of a PrinceRidge Entity, neither of the PrinceRidge Entities nor any of their Subsidiaries own,
directly or indirectly, any Equity Interests in any Person. Neither of the PrinceRidge Entities nor any of their Subsidiaries is subject to any obligation or requirement to provide funds to or make any material investment (in the form of a loan,
capital contribution or otherwise) in any entity or any other Person. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Other than as set forth in the Constituent
Documents of a PrinceRidge Entity or its Subsidiaries, as amended and restated pursuant to this Agreement, or on <U>Schedule 4.8(c)</U>, no PrinceRidge Entity nor its Subsidiaries have nor is any bound by any outstanding subscriptions, options,
warrants, calls, puts, commitments, phantom equity rights, equity appreciation rights or Contracts calling for the purchase or issuance of any Equity Interests in a PrinceRidge Entity or its Subsidiaries or representing the right to purchase or
otherwise receive any Equity Interests in any PrinceRidge Entity or its Subsidiaries or relating to the allocation of earnings of any PrinceRidge Entity or its Subsidiaries to which such Equity Interests are entitled. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) Other than the PrinceRidge Securities and the Subsidiaries of the PrinceRidge Entities, there is no corporation, partnership, limited
liability company, joint venture, business, trust or other Person in which either PrinceRidge Entity or any of its or their Subsidiaries owns, directly or indirectly, any equity or other interest of any kind. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.9 <U>Title to Assets</U>. All of the assets and properties of each PrinceRidge Entity and each of its Subsidiaries are
held by each such entity free and clear of all Liens except for Permitted Liens. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.10 <U>No Legal Proceedings</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Except as set forth on <U>Schedule 4.10</U>, there is no Legal Proceeding commenced by any Person or Governmental Authority, pending
nor, to the knowledge of the PrinceRidge Entities, threatened, against or affecting any PrinceRidge Entity or any of its Subsidiaries that would (i)&nbsp;restrain, enjoin or otherwise prevent the consummation of the Transactions, (ii)&nbsp;as of the
date hereof, would reasonably be expected to result in damages in excess of $50,000, (iii)&nbsp;impose any material non-monetary obligation on any PrinceRidge Entity or its Subsidiaries after the Interim Closing Date or on IFMI or any of its
Subsidiaries after the Interim Closing Date, or (iv)&nbsp;otherwise have or would reasonably be expected to have, individually or in the aggregate, a PrinceRidge Material Adverse Effect. No Governmental Authority has made any inquiry of, formal or
informal, or issued any subpoena to, any PrinceRidge Entity or its Subsidiaries prior to the date hereof. There are no judgments, writs, orders or decrees of any Governmental Authority binding on, or, to the knowledge of the PrinceRidge Entities,
threatened to be imposed upon either PrinceRidge Entity or any of its Subsidiaries that would (i)&nbsp;be binding upon either PrinceRidge Entity or any of its Subsidiaries following consummation of the Transactions or (ii)&nbsp;individually or in
the aggregate, reasonably be expected to have a PrinceRidge Material Adverse Effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) No PrinceRidge Entity is subject to
(i)&nbsp;any Order mandating any conduct or prohibiting any conduct or (ii)&nbsp;subject to any commitment letter or similar undertaking executed in connection with such Order. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.11 <U>Taxes</U>. Except as set forth on <U>Schedule 4.11</U>, (a)&nbsp;each PrinceRidge Entity has (as of the date hereof,
and as of the Interim Closing Date, as applicable) timely filed, or caused to be timely filed, all Tax Returns required to be filed by it or any of its Subsidiaries on or before the date hereof or the Interim Closing Date, respectively, under the
Code or applicable state, local or foreign Tax Laws and each such Tax Return when filed was true, correct and complete in all material respects, (b)&nbsp;each PrinceRidge Entity and each of its Subsidiaries has paid (or will pay) all material Taxes
due for the periods covered by such Tax Returns whether or not shown as due on such Tax Returns and has made adequate provision in accordance with GAAP for any of those Taxes not yet due and payable (c)&nbsp;no Tax Liens, other than Permitted Liens,
are in effect or have been filed and no claims or adjustments are being asserted or threatened in writing with respect to any Taxes of any PrinceRidge Entity or any of its Subsidiaries, (d)&nbsp;neither any PrinceRidge Entity nor any of its
Subsidiaries has received written notice of any Tax audit, inquiry or assessment which remains outstanding and which the applicable PrinceRidge Entity has not made available to IFMI for review, (e)&nbsp;each PrinceRidge Entity and each of its
Subsidiaries has complied in all material respects with all applicable Laws relating to the payment and withholding of Taxes, (f)&nbsp;there are no outstanding waivers or comparable Consents regarding the application of the statute of limitations
with respect to any Taxes or Tax Returns of any PrinceRidge Entity or of any Subsidiary of any PrinceRidge Entity, nor any agreement to any extension of time with respect to any such Tax assessment or deficiency, (g)&nbsp;neither any PrinceRidge
Entity nor any Subsidiary if any PrinceRidge Entity has any Liability for any Taxes of any other Person as a transferee or successor, by contract or otherwise, and (h)&nbsp;no PrinceRidge Entity, nor any of its Subsidiaries, is a &#147;foreign
person&#148; within the meaning of Section&nbsp;1445 of the Code and the Treasury Regulations. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.12 <U>Employee Benefits</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 4.12(a)</U> identifies each material PrinceRidge Benefit Plan. The PrinceRidge Entities have delivered or made available
to IFMI true and complete copies of the current summary plan descriptions of each of the PrinceRidge Benefit Plans. The PrinceRidge Benefit Plans have been established and administered in all material respects in accordance with their terms and are
in compliance in all material respects with the applicable Law, including ERISA and the Code. No PrinceRidge Benefit Plan is subject to Title IV of ERISA and neither PrinceRidge nor any ERISA Affiliate has any liability under any such PrinceRidge
Benefit Plan that remains unsatisfied. There is no pending or, to the knowledge of PrinceRidge or its Subsidiaries threatened material Legal Proceeding relating to a PrinceRidge Benefit Plan. Except as otherwise noted in <U>Schedule 4.12(a)</U>,
neither PrinceRidge nor its Subsidiaries have any obligations under any of the PrinceRidge Benefit Plans, or employment agreements to provide death or medical benefits with respect to any of their equity holders or employees (or their spouses,
beneficiaries or dependents) subsequent to the retirement or other termination of service of any such equity holder or employee, other than continuation coverage as described under Part 6 of Title I of ERISA. Neither the execution and delivery of
this Agreement nor the consummation of the Transactions (whether alone or in conjunction with any subsequent event), will (i)&nbsp;result in any increase in compensation or any payment (including severance, unemployment compensation, golden
parachute or otherwise) becoming due to any current or former director, officer, partner, member, consultant or employee of any of PrinceRidge or any of its Subsidiaries under any of the PrinceRidge Benefit Plans or otherwise, (ii)&nbsp;increase any
benefits otherwise payable under any PrinceRidge Benefit Plans, or (iii)&nbsp;result in any acceleration of the time of payment, funding or vesting of any such benefit (whether through a grantor trust or otherwise). Neither PrinceRidge nor any of
its Subsidiaries maintain any PrinceRidge Benefit Plan outside of the United States of America covering employees who are not citizens or residents of the United States of America. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) With respect to PrinceRidge and each of its Affiliates, each agreement, contract, plan or other arrangement that is or that forms a
part of a non-qualified deferred compensation plan described in Section&nbsp;409A and Section&nbsp;457A of the Code, has been operated in good faith compliance with Section&nbsp;409A and Section&nbsp;457A and is in material compliance with
Section&nbsp;409A and Section&nbsp;457A. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.13 <U>Employment Matters</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 4.13(a)</U> sets forth a true, complete and correct list, accurate as of the date set forth thereon, of all individuals
employed by, or engaged in the conduct of, a PrinceRidge Entity and its Subsidiaries, including the names, date of hire, current compensation (including salaries/draws and bonus opportunity), employment status (i.e., active, disabled, in good
standing, on authorized leave and reason therefor), department, title, whether covered by an employment agreement and whether full-time, part-time or per-diem. Each such full-time employee is employed by a PrinceRidge Entity or one of its
Subsidiaries as of the date hereof. <U>Schedule 4.13(a)</U> also sets forth a true, complete and correct list, accurate as of the date set forth thereon, of (i)&nbsp;all Contracts to which any individual employed by, or engaged in the conduct of the
business of, any PrinceRidge Entity or one of its Subsidiaries is party and (ii)&nbsp;the aggregate revenues attributed to such individual during the last fiscal year. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Neither PrinceRidge Entity nor any of its Subsidiaries is a party to a collective
bargaining agreement, or any other agreement with a labor union or guild. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) The PrinceRidge Entities and their
Subsidiaries, collectively, have not had more than one hundred employee participants in any PrinceRidge Benefit Plan since the date on which such PrinceRidge Benefit Plans have been offered to such employees. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.14 <U>Real Property</U>. <U>Schedule 4.14</U> sets forth a true, complete and correct list, accurate as of the date
hereof, of all leases, subleases, licenses and other Contracts, whether written or oral, whereby a PrinceRidge Entity or any of its Subsidiaries uses or occupies, or has the right to use or occupy, any real property (the &#147;<U>PrinceRidge Real
Property Leases</U>&#148; and such real property, whether included, or required to be included, on <U>Schedule 4.14</U>, the &#147;<U>PrinceRidge Leased Real Property</U>&#148;). For each PrinceRidge Leased Real Property, <U>Schedule 4.14</U> sets
forth (i)&nbsp;the address of such property, where available, and where not available, such other customary identification of the location of such property, (ii)&nbsp;the identity of the lessor and lessee, sublessor and sublessee, licensor and
licensee, or vendor and vendee, as the case may be, with respect to such property and the related PrinceRidge Real Property Lease(s), and (iii)&nbsp;the current annual rent and term under the related PrinceRidge Real Property Lease(s). Other than as
set forth on <U>Schedule 4.14</U>&cedil; neither a PrinceRidge Entity nor any of its Subsidiaries has any other interest in any PrinceRidge Leased Real Property. Each PrinceRidge Entity has delivered to IFMI, prior to the date hereof, copies of all
PrinceRidge Real Property Leases set forth on <U>Schedule 4.14</U> (including all written modifications, amendments, supplements, extensions, assignments or subleases, waivers, side letters and any notices of any uncured default related thereto in
the possession or control of a PrinceRidge Entity or its Subsidiaries), which are true, complete and correct in all material respects of the date of this Agreement. No PrinceRidge Entity, nor any of their Subsidiaries, has owned, nor currently owns,
any real property. Except as set forth in <U>Schedule 4.14</U>, as of the Interim Closing Date, no PrinceRidge Entity nor any of their Subsidiaries leases, and to the knowledge of PrinceRidge has never leased, real property that is the subject of
any claim or where there exist conditions that are reasonably likely to result in liability under environmental health or safety laws, that individually or in the aggregate would reasonably be expected to have a PrinceRidge Material Adverse Effect.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.15 <U>Certain Business Practices</U>. Neither PrinceRidge Entity nor any of their Subsidiaries, or any of
their respective partners, members, shareholders, directors, officers, employees, agents or other representatives has (i)&nbsp;used any funds for unlawful contributions, gifts, entertainment or other expenses related to political activity,
(ii)&nbsp;made any unlawful payment to foreign or domestic government officials or employees or to foreign or domestic political parties or campaigns or violated any provision of the FCPA, (iii)&nbsp;made any payment in the nature of criminal
bribery, (iv)&nbsp;provided any remuneration or received any remuneration in violation of 42 U.S.C. Section&nbsp;1320a(b), the federal anti-kickback statute or any similar Law, or (v)&nbsp;participated in providing financial or reimbursement
information to a client that was both reported to government agencies for reimbursement and untrue or misleading, in violation of any federal &#147;False Claims Act&#148; or any similar Law. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.16 <U>PrinceRidge Financial Statements</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The PrinceRidge Entities have delivered to IFMI: (i)&nbsp;the audited consolidated statement of financial condition of PrinceRidge,
including all of its Subsidiaries, as of December&nbsp;31, 2009 and the related audited consolidated statements of operations, cash flows and partnership equity for the period then ended, which encompassed the period from January&nbsp;28, 2008
through December&nbsp;31, 2009 (the &#147;<U>PrinceRidge 2009 Financials</U>&#148;), (ii)&nbsp;the audited consolidated statement of financial condition of PrinceRidge, as of December&nbsp;31, 2010 and the related audited consolidated statements of
operations, cash flows and partnership equity for each of the years then ended (the &#147;<U>PrinceRidge 2010 Financials</U>&#148;), including the related reports of the independent auditor reviewing such financial statements (PrinceRidge 2009
Financials and PrinceRidge 2010 Financials collectively, the &#147;<U>PrinceRidge Audited Financial Statements</U>&#148;), and (iii)&nbsp;within ten (10)&nbsp;Business Days following the date hereof, the PrinceRidge Entities shall deliver the
unaudited consolidated statement of financial condition of PrinceRidge and its Subsidiaries, as of March&nbsp;31, 2011 and the related unaudited consolidated statements of operations, cash flows, and partnership equity for the quarter then ended
(collectively, the &#147;<U>PrinceRidge Interim Financial Statements</U>,&#148; and together with the PrinceRidge Audited Financial Statements, the &#147;<U>PrinceRidge Financial Statements</U>&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Each of (i)&nbsp;the consolidated statements of financial condition included in the PrinceRidge Financial Statements (including the
related notes and schedules) was prepared in accordance with GAAP applied on a consistent basis as at the date thereof and fairly present the consolidated financial position of PrinceRidge, at the respective dates thereof and (ii)&nbsp;the related
consolidated statements of operations, cash flows and partnership equity (including the related notes and schedules) were prepared in accordance with GAAP applied on a consistent basis throughout the periods covered for the periods indicated
(subject, in the case of each of clause (i)&nbsp;and (ii)&nbsp;to normal and/or recurring year-end adjustments and the absence of full footnotes disclosure in the case of unaudited financial statements). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Except for (i)&nbsp;liabilities which arose in the ordinary course of business after December&nbsp;31, 2010; (ii)&nbsp;liabilities,
including reserves, which are reflected or reserved on the statement of financial condition at December&nbsp;31, 2010 included in the PrinceRidge Financial Statements; and (iii)&nbsp;liabilities set forth in <U>Schedule 4.16(c)</U> hereto,
PrinceRidge does not have any Liabilities or obligations of any kind or nature whatsoever, whether known or unknown, accrued, contingent, absolute, determined or determinable, or whether otherwise due or to become due. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.17 <U>Material Contracts</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 4.17(a)</U> lists all Contracts, other than employment-related Contracts, material to each PrinceRidge Entity or its Subsidiaries (collectively, the &#147;<U>PR Material
Contracts</U>&#148;), including but not limited to: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) any Contracts entered into by any PrinceRidge Entity or any of its
Subsidiaries outside the ordinary course of business; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) any Contract under which (A)&nbsp;any Person has directly or
indirectly guaranteed or assumed Indebtedness, Liabilities or obligations of any PrinceRidge Entity or any of their Subsidiaries or (B)&nbsp;any PrinceRidge Entity or any of their Subsidiaries has directly or
</FONT></P>
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indirectly guaranteed or assumed Indebtedness, Liabilities or obligations of any Person (including itself, the other PrinceRidge Entity or any Subsidiary of a PrinceRidge Entity), in each case in
excess of $350,000 individually or $750,000 in the aggregate; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) any Contract providing for the indemnification by any
PrinceRidge Entity or any of its Subsidiaries of any Person (other than directors, managers and officers of a PrinceRidge Entity or any of its Subsidiaries) with respect to Liabilities, whether absolute, accrued, contingent or otherwise, that would
reasonably be expected to be material to a PrinceRidge Entity or any of its Subsidiaries; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) any Contract that obligates
any PrinceRidge Entity or any of their Subsidiaries to pay an amount in excess of $350,000 in any twelve (12)&nbsp;month period; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(v) any Contract for the provision of services by any PrinceRidge Entity or any of their Subsidiaries with an annual value in excess of $250,000; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) any Contract under which any obligations are triggered upon a change in control of any PrinceRidge Entity; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vii) any Contract that requires any PrinceRidge Entity or any of their Subsidiaries to share fees or other payments, waive fees or
other payments, share expenses, reimburse or assume any fees or expenses, pay any earn-out or similar contingent obligation, or reimburse or refund any fees under a &#147;clawback&#148; provision; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(viii) other than as contemplated by this Agreement, any Contract for the future acquisition or disposition of any assets or properties
that are, in the aggregate, material to the business of any PrinceRidge Entity or one of their Subsidiaries; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ix) any other
Contract, arrangement or commitment material to the PrinceRidge Entities or any of their Subsidiaries of a type that is not referred to in clauses (i)&nbsp;through (viii). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Each PR Material Contract is a legal, valid and binding obligation of a PrinceRidge Entity or one of its Subsidiaries, as applicable, and is in full force and effect and enforceable against a PrinceRidge
Entity or one of its Subsidiaries, as applicable, and, to the knowledge of each PrinceRidge Entity, the counterparty or counterparties thereto, in each case in accordance with its terms. True, complete and correct copies of all PR Material Contracts
have been made available to IFMI by the PrinceRidge Entities. Neither the PrinceRidge Entities or its Subsidiaries, nor, to the knowledge of each PrinceRidge Entity, the counterparty or counterparties thereto, is in breach of any provision of any PR
Material Contract, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default. Neither the execution and delivery of this Agreement or any of the Ancillary Agreements nor the
consummation of the Transactions (whether alone or in conjunction with any subsequent event), will (i)&nbsp;result in any decrease in any payment becoming due under any of the PR Material Contracts or otherwise or (ii)&nbsp;give rise to a right of
termination, cancellation, modification, amendment or abandonment under or accelerate any right or obligation under, any of the PR Material Contracts. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.18 <U>Insurance</U>. <U>Schedule 4.18</U> sets forth the material insurance
policies maintained by each PrinceRidge Entity, together with the amount of coverage for each policy, the premium due dates and the dates of last payment, and indicates which of such insurance policies are claims made policies and which of such
policies are occurrence-based policies. To the knowledge of any PrinceRidge Entity, the policies maintained by the PrinceRidge Entities and their Subsidiaries provide insurance in such amounts and against such risks and losses as are generally
maintained with respect to comparable companies and properties. All insurance policies maintained by any PrinceRidge Entity and its Subsidiaries are in full force and effect (with respect to the applicable coverage periods), and neither PrinceRidge
Entity nor any of its Subsidiaries is in default in any material respect of any of its obligations under any of such insurance policies. Except as set forth on <U>Schedule 4.18</U>, there are no outstanding claims against any of the insurance
policies of the PrinceRidge Entities and their Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.19 <U>Intellectual Property</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 4.19(a)</U> sets forth, as of the date hereof, a complete list of all material Intellectual Property owned or licensed by
each PrinceRidge Entity or any of its Subsidiaries, and identifies which of such Intellectual Property is the subject of an application or registration. At the Closing, each PrinceRidge Entity or its Subsidiaries will continue to own such
Intellectual Property, and will have a right to use all such Intellectual Property, free and clear of all Liens, other than (i)&nbsp;as set forth on <U>Schedule 4.19(a)</U> and (ii)&nbsp;license royalties, trademark renewal fees, patent maintenance
fees and other periodic registration or maintenance fees paid in the ordinary course. To the knowledge of each PrinceRidge Entity, neither PrinceRidge Entity nor any of their Subsidiaries is in breach of any agreement to which it is a party
governing the provision or use of such Intellectual Property. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Except as set forth in <U>Schedule 4.19(b)</U>, there is no
litigation pending or, to the knowledge of each PrinceRidge Entity, threatened against either PrinceRidge Entity or any of its Subsidiaries that involves a claim (i)&nbsp;alleging that the operation of their business infringes, misappropriates,
dilutes or otherwise violates a third party&#146;s Intellectual Property rights or (ii)&nbsp;challenging the ownership, use, validity, enforceability or registrability of any Intellectual Property owned or leased by each PrinceRidge Entity or any of
its Subsidiaries. To the knowledge of each PrinceRidge Entity, the business as currently conducted does not infringe, misappropriate, or otherwise violate any third party&#146;s Intellectual Property rights. Neither PrinceRidge Entity nor any of its
Subsidiaries has brought or threatened a claim against any third party (A)&nbsp;alleging infringement, misappropriation, dilution or other violation of any Intellectual Property owned by either PrinceRidge Entity or any of its Subsidiaries or
(B)&nbsp;challenging any such third party&#146;s ownership or use of or the validity, enforceability or registrability of, such third party&#146;s Intellectual Property, and, to the knowledge of each PrinceRidge Entity, there is no basis for a claim
regarding any of the foregoing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.20 <U>No Brokers</U>. No broker, finder or similar intermediary is acting, or
has acted, for, or on behalf of, either PrinceRidge Entity or any of its Subsidiaries in connection with this Agreement or the Transactions, and no broker, finder, agent or similar intermediary is entitled to any broker&#146;s, finder&#146;s or
similar fee or other commission in connection therewith based on any agreement, arrangement or understanding with either PrinceRidge Entity or any action taken by such PrinceRidge Entity. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-42-
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.21 <U>Acknowledgements</U>. Each PrinceRidge Entity acknowledges and agrees
that IFMI has not made and is not making any representations or warranties, express or implied, in respect of IFMI and its Affiliates or the Business or the Contributed Assets, except for those representations and warranties set forth in <U>Article
3</U> hereof, respectively (in each case, as modified by the IFMI Disclosure Schedule) and except as set forth in the Ancillary Agreements to which IFMI is a party, or contained in any certificate delivered by IFMI in connection with the Interim
Closing under this Agreement. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 5 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>COVENANTS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.1 <U>Conduct of Business</U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) From the date hereof through the Interim Closing, except as expressly provided for in this Agreement or as the PrinceRidge Entities
expressly consent in writing in advance (which consent may be withheld in the sole discretion of the PrinceRidge Entities), each of IFMI Parent and its Subsidiaries and each of its respective Representatives shall, and shall cause each of its
Affiliates and their respective Representatives to conduct the Business in the ordinary course consistent with past practice and use its commercially reasonable efforts, with regard to the Business and the UK Business, to: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) preserve intact the business organizations of each of the Involved Subsidiaries, the UK Business and the Business; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) maintain their rights, franchises and existing relations with customers, suppliers, vendors, distributors, creditors, employees,
business associates and others with whom a PrinceRidge Entity has commercial dealings; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) not enter into or effect any
transactions relating to the disposition or acquisition of any material portion of the assets of the Business or the UK Business, other than in the ordinary course and as contemplated by the terms of this Agreement, <U>provided</U>, <U>however</U>,
that each party hereto hereby acknowledges that with regard to the CCCM Securities and the liabilities related thereto, the ordinary course of business may result in a material change in amounts; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) not intentionally take or fail to take any action outside the ordinary course that would cause any of the representations and
warranties set forth in <U>Article 3</U> to be untrue or incorrect in any material respect at any time on or after the date hereof and through the Interim Closing Date; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(v) not make any distribution or declare, pay or set aside any dividend that would cause the CCCM Membership Equity to be less than ninety percent (90%)&nbsp;of the Minimum Contributed Assets Value, or
split, combine, redeem, reclassify, purchase or otherwise acquire, directly or indirectly, any of their equity interests or securities, debt securities, or voting interests, or make any other changes to their capital structure; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-43-
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) except as set forth on <U>Schedule 3.13(a)</U>, with respect to any Transferring
Employee, except as required by applicable Law, not: (A)&nbsp;increase the compensation or benefits, (B)&nbsp;adopt any amendment to an IFMI Benefit Plan in which any Transferring Employee is participating, (C)&nbsp;grant or agree to grant any
severance or termination pay or enter into any contract to make or grant any severance or termination pay, or pay any bonus outside of the ordinary course, (D)&nbsp;enter into, amend or modify any employment, consulting, severance, termination or
similar agreement with any Transferring Employee entitled to annual guaranteed compensation in excess of Two Hundred Thousand Dollars ($200,000), (E)&nbsp;accelerate the payment of compensation or benefits, including any awards under the IFMI
Benefit Plans (including any rights to acquire any Equity Interests in IFMI or any of its Affiliates) other than as required by applicable Law or in accordance with or to facilitate the transactions contemplated by this Agreement, (F)&nbsp;take any
action to fund or in any other way secure the payment of compensation or benefits under any IFMI Benefit Plan, change any actuarial or other assumption used to calculate funding obligations with respect to any pension plan or change the timing or
manner in which contributions to any pension plan are made or the basis on which such contributions are determined, or (G)&nbsp;take any action that could give rise to severance benefits payable to the Transferring Employees as a result of
consummation of any of the Transactions contemplated by this Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vii) use commercially reasonable efforts to comply
in all material respects with all applicable material Laws affecting or relating to them; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(viii) not incur any additional
Liability with respect to the CCCM Securities or the Assumed Contracts other than in the ordinary course of business; <U>provided</U>, <U>however</U>, that each party hereto hereby acknowledges that with regard to the CCCM Securities and the CCCM
Securities Related Liabilities, the ordinary course of business may result in a material change in amounts; <U>provided</U>, <U>further</U>, that the greater of the CCCM Securities or CCCM Securities Related Liabilities, in each case in the
aggregate, shall not exceed Three Hundred Fifty Million Dollars ($350,000,000); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ix) not make any commitments or agreements
for capital expenditures in excess of $100,000 individually, or $250,000 in the aggregate, other than those capital expenditures set forth on <U>Schedule 5.1(a)(ix)</U>; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(x) not incur, assume or guarantee, or cancel or waive any claims under, any Indebtedness, or amend or modify the terms relating to any such Indebtedness, in each case except in the ordinary course,
<U>provided</U>, <U>however</U>, that each party hereto hereby acknowledges that with regard to the CCCM Securities and the CCCM Securities Related Liabilities, the ordinary course of business may result in a material change in amounts; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xi) not change any financial accounting principle, method or practice (including any principles, methods or practices relating to the
estimation of reserves or other Liabilities), other than changes required by GAAP or Law or required to be implemented during such period; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-44-
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xii) at any time after ten (10)&nbsp;days after the date hereof, not purchase or otherwise
acquire any interest in, directly or indirectly, SBA loans, exotic corporates, exotic CDs, step-ups, fixed-to-floating or equity securities (other than preferred equity securities); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xiii) use commercially reasonable efforts to transfer or liquidate the CD portfolio and the exotic corporates portfolio in a reasonable
and orderly manner prior to the Interim Closing Date; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xiv) not enter into any binding agreement or arrangement with the IRS
(or any similar Tax authority) which relates to any period or periods after the Interim Closing Date, nor change any Tax accounting method or practice; nor take any action to treat CCCM as other than an entity disregarded from IFMI for federal tax
purposes; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xv) ensure that CCCM shall maintain at least Five Million Dollars ($5,000,000) in excess net capital; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xvi) not hire any employees for the UK Business without consulting with the PrinceRidge Entities; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xvii) not enter into any agreement (conditional or otherwise) to do any of the foregoing prohibited acts. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) From the date hereof through the Interim Closing, except as expressly provided for in this Agreement or as IFMI expressly consents in
writing in advance (which consent may be withheld in the sole discretion of IFMI), each of the PrinceRidge Entities and its Representatives shall, and shall cause each of its Affiliates and its respective Representatives to, conduct its business in
the ordinary course consistent with past practice and use its commercially reasonable efforts to: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) preserve intact their
business organizations and all the assets of their businesses in substantially the condition currently existing; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii)
maintain their rights, franchises and existing relations with customers, suppliers, vendors, distributors, creditors, employees, business associates and others with whom a PrinceRidge Entity has commercial dealings; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) not enter into or effect any transactions relating to the disposition or acquisition of any material portion of their assets,
other than in the ordinary course of business, <U>provided</U>, <U>however</U>, that each party hereto hereby acknowledges that with regard to the PrinceRidge Securities and the liabilities related thereto, the ordinary course of business may result
in a material change in amounts; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) not intentionally take or fail to take any action outside the ordinary course that
would cause any of the representations and warranties set forth in <U>Article 4</U> to be untrue or incorrect in any material respect at any time on or after the date hereof and through the Interim Closing Date; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-45-
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) not make any distribution or declare, pay or set aside any dividend with respect to, or
split, combine, redeem, reclassify, purchase or otherwise acquire, directly or indirectly, any of their equity interests or securities, debt securities, or voting interests, or make any other changes in their capital structure; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) except as required by applicable Law, not (A)&nbsp;increase the compensation or benefits of any of their directors, members,
managers, officers or investment professionals, or any other employee, other than routine wage or salary increases in the ordinary course, (B)&nbsp;adopt any amendment to a PrinceRidge Benefit Plan, (C)&nbsp;grant or agree to grant any severance or
termination pay or enter into any contract to make or grant any severance or termination pay, or pay any bonus outside of the ordinary course, (D)&nbsp;enter into, amend or modify any employment, consulting, severance, termination or similar
agreement with any of their directors, managers or officers, or any employee or consultant of PrinceRidge or any of its Affiliates entitled to annual guaranteed compensation in excess of $200,000 (other than in connection with the transactions
contemplated by this Agreement), (E)&nbsp;accelerate the payment of compensation or benefits to any of their directors, members, managers, officers or employees, including any awards under the PrinceRidge Benefit Plans (including any rights to
acquire any Equity Interests in PrinceRidge or PrinceRidge GP) other than as required by applicable Law or in accordance with or to facilitate the transactions contemplated by this Agreement, (F)&nbsp;take any action to fund or in any other way
secure the payment of compensation or benefits under any PrinceRidge Benefit Plan, change any actuarial or other assumption used to calculate funding obligations with respect to any pension plan or change the timing or manner in which contributions
to any pension plan are made or the basis on which such contributions are determined, or (G)&nbsp;take any action that could give rise to severance benefits payable to the employees, officers, directors or managers of PrinceRidge or PrinceRidge GP
as a result of consummation of any of the Transactions contemplated by this Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vii) not make any commitments or
agreements for capital expenditures in excess of $100,000 individually, or $250,000 in the aggregate, other than those capital expenditures set forth on <U>Schedule 5.1(b)(vii)</U>; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(viii) not incur, assume or guarantee, or cancel or waive any claims under, any Indebtedness, or amend or modify the terms relating to
any such Indebtedness, in each case except in the ordinary course, <U>provided</U>, <U>however</U>, that each party hereto hereby acknowledges that with regard to the PrinceRidge Securities and the liabilities related thereto, the ordinary course of
business may result in a material change in amounts; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ix) not change any financial accounting principle, method or practice
(including any principles, methods or practices relating to the estimation of reserves or other Liabilities), other than changes required by GAAP or Law or required to be implemented during such period; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(x) not purchase or otherwise acquire any interest in, directly or indirectly, any SBA loans, exotic corporates, exotic CDs or equity
securities (other than preferred equity securities), with an aggregate value in excess of Three Million Dollars ($3,000,000); </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-46-
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xi) not enter into any binding agreement or arrangement with the IRS (or any similar Tax
authority) which relates to any period or periods after the Interim Closing Date, nor change any Tax accounting method or practice; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(xii) not file any Tax Return without first providing it to IFMI; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xiii) use
commercially reasonable efforts to comply in all material respects with all applicable material Laws affecting or relating to them; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(xiv) not enter into any transaction related to or involving the common stock of IFMI Parent; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(xv) not enter into any agreement (conditional or otherwise) to do any of the foregoing prohibited acts. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.2 <U>Access</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) From the date hereof through and including
the Interim Closing Date: (i)&nbsp;IFMI and its Representatives shall, and shall cause each of its Affiliates and its respective Representatives to, provide, upon reasonable prior written notice from the PrinceRidge Entities, and to the extent not
yet existing, prepare and furnish as reasonably requested by the PrinceRidge Entities, their respective counsel, financial advisers, prospective lenders, auditors and other authorized Representatives (A)&nbsp;reasonable access to the offices,
employees, properties, books and records, including regulatory audits, of the Business and (B)&nbsp;such financial, treasury, operating data and related data and other information as such Persons may reasonably request; <U>provided</U>, that, in
each case, such access rights shall not be deemed to include access to customers, suppliers, vendors, distributors, creditors, employees, business associates and others with whom IFMI has commercial dealings that are sensitive to the businesses of
IFMI and its Affiliates; and (ii)&nbsp;IFMI shall, and shall cause each of its Affiliates to, instruct its respective Representatives to cooperate with the PrinceRidge Entities in their investigation (which access shall include the provision of such
data, periodic and other reports and other information as the PrinceRidge Entities request to facilitate the PrinceRidge Entities&#146; ability to conduct transition planning and to remain informed of material aspects of the Business). In
furtherance of the foregoing, IFMI shall provide office space at locations requested by the PrinceRidge Entities for Representatives of the PrinceRidge Entities, together with customary administrative support, and shall give Representatives of the
PrinceRidge Entities reasonable opportunity to participate in regular meetings and conference calls with senior management of IFMI Parent and its Subsidiaries, so as to enable such Representatives to contribute to an efficient consummation of the
Transactions and ensure the most efficient possible transition; <U>provided</U>, that prior to the Interim Closing the PrinceRidge Entities shall not have control over the management of IFMI by virtue of its office space at the designated locations
or its participation in such meetings or calls. No investigation pursuant to this <U>Section&nbsp;5.2</U> shall alter any representation or warranty given hereunder by IFMI. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) From the date hereof through the Interim Closing, (i)&nbsp;each of the PrinceRidge Entities and its Representatives shall, and shall cause each of its Affiliates and its respective Representatives to,
provide, upon reasonable prior written notice from IFMI, and to </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-47-
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
the extent not yet existing, prepare and furnish as reasonably requested by IFMI, their respective counsel, financial advisers, prospective lenders, auditors and other authorized Representatives
(A)&nbsp;reasonable access to the offices, employees, properties, books and records, including regulatory audits, of its businesses, and (B)&nbsp;such financial, treasury, operating data and related data and other information as such Persons may
reasonably request; <U>provided</U>, that, in each case, such access rights shall not be deemed to include access to customers, suppliers, vendors, distributors, creditors, employees, business associates and others with whom any PrinceRidge Entity
has commercial dealings that are sensitive to the businesses of any PrinceRidge Entity and its Affiliates; and (ii)&nbsp;each of the PrinceRidge Entities shall, and shall cause each of its Affiliates to, instruct its respective Representatives to
cooperate with IFMI in its investigation (which access shall include the provision of such data, periodic and other reports and other information as IFMI request to facilitate IFMI&#146;s ability to conduct transition planning and to remain informed
of material aspects of the businesses of the PrinceRidge Entities). In furtherance of the foregoing, each of the PrinceRidge Entities shall provide office space at locations requested by IFMI for Representatives of IFMI, together with customary
administrative support, and shall give Representatives of IFMI reasonable opportunity to participate in regular meetings and conference calls with senior management of each of the PrinceRidge Entities, so as to enable such Representatives to
contribute to an efficient consummation of the Transactions and ensure the most efficient possible transition; <U>provided</U>, that prior to the Interim Closing IFMI shall not have control over the management of either of the PrinceRidge Entities
by virtue of its office space at the designated locations or its participation in such meetings or calls. No investigation pursuant to this <U>Section&nbsp;5.2</U> shall alter any representation or warranty given hereunder by the PrinceRidge
Entities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) All information received pursuant to this <U>Section&nbsp;5.2</U> shall be governed by the terms of the
Confidentiality Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.3 <U>Notice of Events</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) From the date hereof through and including the Interim Closing Date, the parties shall promptly notify each other of: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) the receipt of any notice or other communication from any Person alleging that the Consent of such Person is or may be required in
connection with the Transactions; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) any notice or other communication from any Governmental Authority in connection with
the Transactions; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) any Legal Proceeding or inquiries commenced or, to the knowledge of IFMI or to the knowledge of the
PrinceRidge Entities, as applicable, threatened, relating to or involving or otherwise affecting the notifying party that, if pending on the date of this Agreement, would have been required to have been disclosed, in the case of IFMI, by IFMI
hereunder or, in the case of the PrinceRidge Entities, by the PrinceRidge Entities hereunder; <U>provided</U>, <U>however</U>, that the delivery of any notice pursuant to this <U>Section&nbsp;5.3</U> shall not limit or otherwise affect the remedies
available hereunder to any party; and </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-48-
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) any change, fact, event or circumstance of which it is aware that, with notice or
lapse of time or both, will or would reasonably be expected to (A)&nbsp;result in a material breach of this Agreement by the notifying party or its Affiliates, (B)&nbsp;render untrue any representation or warranty of the notifying party or its
Affiliates, (C)&nbsp;otherwise result in any of the conditions set forth in <U>Article 7</U> or <U>Article 8</U> becoming incapable of being satisfied, or (D)&nbsp;result in a PrinceRidge Material Adverse Event or an IFMI Material Adverse Event
(each of clauses (i), (ii), (iii), and (iv), a &#147;<U>Subsequent Event</U>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) If a Subsequent Event occurs, the
affected party shall promptly deliver to each of the other parties hereto an amended or supplemented Schedule that will contain a reasonable description of the Subsequent Event. No disclosure by any party hereto pursuant to this
<U>Section&nbsp;5.3</U> shall be deemed to amend or supplement the Schedules with respect thereto or prevent or cure any misrepresentation or breach of warranty for purposes of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.4 <U>Commercially Reasonable Efforts; Filings and Authorizations</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Each of the parties hereto shall use commercially reasonable efforts to take or cause to be taken all action and promptly to do or
cause to be done all things necessary, proper or advisable to cause the conditions set forth in <U>Article 7</U> and <U>Article 8</U> to be satisfied and to consummate the Transactions. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Each of the parties hereto shall cooperate with each other and use commercially reasonable efforts to (i)&nbsp;as promptly as
practicable after the date hereof, (A)&nbsp;file such applications, notices, petitions, registrations and requests as may be required or advisable to be filed by it with any Governmental Authority in order to consummate the Transactions,
(B)&nbsp;obtain Governmental Approvals of all such Governmental Authorities referred to in the preceding clause (A), and (C)&nbsp;satisfy all conditions, undertakings and requirements as may be necessary or appropriate to obtain all such
Governmental Approvals or as may be set forth therein, (ii)&nbsp;furnish the other parties hereto with copies of all documents (except documents or portions thereof for which confidential treatment has been requested or given), notices,
correspondence and communications (A)&nbsp;prepared by or on behalf of such party for submission to any Governmental Authority in connection with the Transactions and (B)&nbsp;received by or on behalf of such party from any Governmental Authority in
connection with the Transactions, and (iii)&nbsp;consult with and keep the other parties hereto informed as to the status of such matters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) Notwithstanding anything to the contrary in <U>Section&nbsp;5.4(b)</U>: (i)&nbsp;neither IFMI nor any of its Affiliates shall agree orally or in writing to any material concessions in any commercial
arrangements or to any material loss of rights (whether to have effect prior to or after the Interim Closing), in each case, in connection with obtaining any Governmental Approval, which, alone or with all other concession or losses of rights agreed
to by IFMI or any of its Affiliates, would have or reasonably be expected to have an IFMI Material Adverse Effect or a PrinceRidge Material Adverse Effect, without first obtaining the prior written consent of the PrinceRidge Entities; and
(ii)&nbsp;neither of the PrinceRidge Entities nor any of their respective Affiliates shall agree orally or in writing to any concessions in any commercial arrangements or to any loss of rights (whether to have effect prior to or after the Interim
Closing) in connection with obtaining any Governmental Approval, which, alone or with all other concessions or losses of rights agreed to by the PrinceRidge Entities or any of their respective Affiliates, would have or reasonably be expected to have
an IFMI Material Adverse Effect or a PrinceRidge Material Adverse Effect, without first obtaining the prior written consent of IFMI. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) To the extent that any application, notice, registration or request filed by any party
pursuant to this <U>Section&nbsp;5.4</U> contains any significant information relating to the other parties hereto or any of their Affiliates, prior to submitting such application, notice, registration or request to any Governmental Authority, such
party will permit the other parties to review such information and will consider in good faith the suggestions of such other parties with respect thereto. Each of the parties hereto shall cooperate with each other in the preparation and filing of
any applications, notices, registrations and responses to requests for additional information from Governmental Authorities in connection with the Transactions, including providing such information as may be reasonably necessary for inclusion in
such applications, notices, registrations and responses. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) PrinceRidge shall cause the PrinceRidge Group to file a CMA with
FINRA and IFMI shall cause CCCM to file a CMA with FINRA, in each instance within seven (7)&nbsp;days after the date hereof. Prior to the Interim Closing Date, to the extent that any party hereto or any of its Affiliates proposes to file any
application, notice, registration or request or enter into any correspondence with the staff of any Governmental Authority in connection with the Transactions, including the CMAs, it shall, to the extent practicable under the circumstances, first
provide to the other parties hereto a copy of such proposed filing or correspondence and reasonable opportunity for such other parties to review and comment on such proposed filing or correspondence. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) Any Assumed Contracts for Transferring Employees without any registrations and any CCCM Material Contracts not already held by CCCM
as of the date hereof shall not be transferred to CCCM prior to the Interim Closing and the CCCM Material Contracts shall not be transferred to the PrinceRidge Entities or any of their Subsidiaries following Interim Closing until after the Final
Closing, unless otherwise mutually agreed by the parties. From the Interim Closing through the Final Closing, any CCCM Material Contracts not held by CCCM shall be subject to the terms and conditions of the Reimbursement Agreement until such time as
such Contracts may be transferred to CCCM. In the event any of the Assumed Contracts or CCCM Material Contracts require any amendment to effect the transfer of such Contract to CCCM, IFMI shall, or shall cause one of the Involved Subsidiaries to,
obtain the consent of PrinceRidge to such amendment, which consent shall not be unreasonably withheld or delayed. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.5 <U>Public Announcements; Confidentiality</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) In accordance with applicable Law, IFMI shall, or shall cause its Affiliates to, file a Current Report on Form 8-K (the &#147;<U>Form 8-K</U>&#148;) describing the terms of the Transactions and
attaching (i)&nbsp;this Agreement and (ii)&nbsp;a press release as an exhibit to such filing, which press release shall be a joint press release in form and substance reasonably satisfactory to each of the parties hereto. From and after the filing
of the Form 8-K, each party hereto shall consult with each other before issuing any press release, filing any required documents with the SEC or any listing authority as may be required by applicable Law or securities exchange or listing authority
rules or otherwise making any public statement with respect to the Transactions or any of the terms or conditions of this Agreement (including the identity of the parties hereto) and, except as
</FONT></P>
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may be required by applicable Law or securities exchange or listing authority rules, shall not issue any such press release or otherwise make any such other public statement before such
consultation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) From the date hereof through and including the Interim Closing Date, each party hereto shall treat all
Confidential Information with respect to each other party hereto as confidential and shall not disclose any of the Confidential Information with respect to such other party to anyone other than their Representatives or use Confidential Information
with respect to such other party other than in connection with the Transactions, in each case without the prior written approval of such other party. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) If, for any reason, this Agreement is terminated pursuant to <U>Article 10</U>, each party hereto shall either return or destroy all Confidential Information with respect to each other party hereto
(and all copies thereof) furnished to them by or on behalf of such party or its respective Representatives, except that each of the parties hereto may retain one copy of any Confidential Information with respect to each other party hereto in its
legal files, and may retain copies of such information created as a result of automatic electronic back-up procedures, in each case subject to the confidentiality obligations set forth in <U>Section&nbsp;5.5(b)</U> and that any of the parties&#146;
internal notes, analyses or similar proprietary materials may be retained subject to the confidentiality obligations set forth in <U>Section&nbsp;5.5(b)</U> or, at such party&#146;s option, destroyed. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.6 <U>UK Broker-Dealer</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) A current list of all capital markets employees employed by EuroDekania is set forth on <U>Schedule 5.6(a)</U> (the &#147;<U>UK Employees</U>&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) The PrinceRidge Entities shall use their commercially reasonable efforts as soon as practicable after the date hereof to facilitate
(i)&nbsp;the formation of a vehicle, to be organized in accordance with the Laws of the United Kingdom and (ii)&nbsp;the application for registration and authorization of such vehicle with the FSA as a broker-dealer (the &#147;<U>UK
Broker-Dealer</U>&#148;). Prior to the Interim Closing Date, two-thirds of the costs of forming and registering the UK Broker-Dealer shall be borne by IFMI and one-third of the costs of forming and registering the UK Broker-Dealer shall be borne by
the PrinceRidge Entities and following the Interim Closing Date, all costs of forming and registering the UK Broker-Dealer shall be borne by the PrinceRidge Entities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) From the date hereof through the date of the later of the registration and authorization of the UK Broker-Dealer with the FSA and the Final Closing Date (the &#147;<U>UK Clearance Date</U>&#148;),
IFMI shall, and shall cause its Affiliates to, (i)&nbsp;conduct the capital markets business conducted by the UK Employees (the &#147;<U>UK Business</U>&#148;) through EuroDekania, (ii)&nbsp;conduct the cross-border securities trading (<I>i.e.</I>,
non-intra United States of America trading) as conducted by the UK Employees through the PrinceRidge Entities and their Affiliates subject to the cross-border revenue commissions allocation included on <U>Schedule 5.6(c)</U> and (iii)&nbsp;otherwise
operate the business of EuroDekania in the ordinary course and not take, or permit EuroDekania to take, any of the actions, in each case with regard to EuroDekania, described in <U>Section&nbsp;5.1(a)</U>. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) As promptly as practicable following the UK Clearance Date and the date on which the UK
Employees have liquidated all marketable securities existing in EuroDekania&#146;s capital markets business as of the UK Clearance Date: (i)&nbsp;the UK Broker-Dealer shall extend an offer of full-time employment, effective on such date, to all of
the UK Employees (subject to each such employee satisfying the new hire procedures of the UK Broker-Dealer as outlined for the FSA during the FSA registration process) and each of the parties hereto shall, and shall cause each of their respective
Affiliates to, cooperate with each other to facilitate the transition of such UK Employees to employment with the UK Broker-Dealer, and (ii)&nbsp;the UK Broker-Dealer shall assume (A)&nbsp;the then-existing Liabilities of the UK Business of an
equivalent nature to the CCCM Securities Related Liabilities as applicable to the UK Business (a list of which is set forth on <U>Schedule 5.6(d)(A)</U> as of the date set forth on such schedule), (B)&nbsp;all of the Liabilities of each of the
Contracts listed on <U>Schedule 5.6(d)(B)</U>, each of which shall, to the extent possible, be assigned to the UK Broker-Dealer as promptly as practicable following the UK Clearance Date, and (C)&nbsp;the Liabilities arising on or after the date
thereof relating to this subsection (d)(ii), including the UK Employees and the assumption of any employment arrangements with the UK Employees. The parties hereto agree that IFMI shall update <U>Schedules 5.6(a)</U>, <U>5.6(d)(A)</U> and
<U>5.6(d)(B)</U> to be current as of the UK Clearance Date (or such other mutually agreeable date), in each case as mutually agreed by IFMI and the PrinceRidge Managers. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(e) From and after the UK Clearance Date, each of the parties hereto shall, and shall cause their Subsidiaries to, cooperate with each other, and execute and deliver, or use commercially reasonable
efforts to cause to be executed and delivered, all such other instruments, including instruments of conveyance, assignment and transfer, and take all such other actions as such party may reasonably be requested to take by the other parties hereto
from time to time, consistent with the terms of this Agreement, in order to effectuate the transfer of the UK Business as contemplated by this <U>Section&nbsp;5.6</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(f) The covenants in this <U>Section&nbsp;5.6</U> shall survive the Final Closing. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.7 <U>Provision of Trading Information</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) <U>IFMI Financial Reports</U>. From the date hereof through and including the Interim Closing Date, as promptly as reasonably practicable, IFMI shall deliver to the PrinceRidge Entities any financial,
treasury, operating data and related data and other information related to the Business as the PrinceRidge Entities may reasonably request. From the date hereof through and including the Interim Closing Date, IFMI shall deliver to the PrinceRidge
Entities a monthly balance sheet, as at the last day of each calendar month, within ten (10)&nbsp;days (and if the tenth day is not a Business Day, on the next successive Business Day) after the end of such month, to be prepared on a basis
consistent with the unaudited balance sheets included in the CCCM Financial Statements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>PrinceRidge Financial
Reports</U>. From the date hereof through and including the Interim Closing Date, as promptly as reasonably practicable, the PrinceRidge Entities shall deliver to IFMI any financial, treasury, operating data and related data and other information as
IFMI may reasonably request. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.8 <U>Non-Competition and Non-Solicitation Agreements</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Non-Competition</U>. From and after the Interim Closing Date until the date that is one (1)&nbsp;year after the date on which IFMI
no longer holds a majority of the outstanding Equity Interests in the PrinceRidge Entities, IFMI and its Subsidiaries shall not, without the prior written consent of the PrinceRidge Entities, directly or indirectly, own, manage, control, engage in
or participate in any manner in the ownership, management, operation or control of any business (including through any joint venture) that is a Competing Business in the United States of America, and, after the establishment of the UK Broker-Dealer,
the rest of the world. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>Non-Solicitation</U>. From and after the date hereof until the later of the date that is
eighteen (18)&nbsp;months after the date hereof and the Final Closing Date, none of the parties hereto shall, and each of the parties hereto shall cause its respective Affiliates not to, (i)&nbsp;solicit, induce or encourage the resignation of or
(ii)&nbsp;hire or retain in any capacity or employ any of their respective directors, officers, partners, members, employees, agents, independent contractors or consultants without first obtaining the prior written consent of each of the other
parties hereto. Notwithstanding anything to the contrary contained in this <U>Section&nbsp;5.8(b)</U>, nothing shall prevent any of the parties hereto or their respective Affiliates from making any general, non-targeted job advertisement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <U>Restrictive Modification</U>. If any of the rights or restrictions contained in this <U>Section&nbsp;5.8</U> shall be
deemed to be unenforceable by reason of the extent, duration or geographical scope of such rights or restrictions, the parties hereby agree that a court of competent jurisdiction or arbitrator shall reduce such extent, duration and geographical
scope and enforce such right or restriction in its reduced form; <U>provided</U>, that such extent, duration and geographical scope shall only be reduced to the extent necessary in order to make such right or restriction enforceable. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.9 <U>Non-Solicitation of Competing Transactions</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) From the date hereof through and including the Interim Closing Date, IFMI and its Affiliates and their respective Representatives
shall not, directly or indirectly: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) initiate, solicit, encourage, or knowingly induce, respond to, accept or agree to any
inquiries, proposals or offers from any Person (other than the PrinceRidge Entities and their Affiliates) relating to or in connection with a Competing Transaction; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(ii) participate in any discussions or negotiations with, or provide any non-public information to, any Person (other than the PrinceRidge Entities and their Affiliates) relating to or in connection with
a Competing Transaction; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) enter into any agreement in principle, letter of intent, term sheet, merger agreement,
acquisition agreement, contribution agreement, plan of reorganization, or other similar instrument relating to or in connection with a Competing Transaction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) From the date hereof through and including the Interim Closing Date, IFMI and its Affiliates and their respective Representatives shall (i)&nbsp;immediately discontinue any ongoing discussions or
negotiations (other than with the PrinceRidge Entities and their Affiliates) relating to or in connection with a Competing Transaction) and (ii)&nbsp;promptly inform the PrinceRidge Entities of any bona fide inquiries, proposals or offers regarding
a Competing Transaction (including copies thereof). </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) From the date hereof through and including the Interim Closing Date, each of the
PrinceRidge Entities and its Affiliates and their respective Representatives shall not, directly or indirectly: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i)
initiate, solicit, encourage, or knowingly induce, respond to, accept or agree to any inquiries, proposals or offers from any Person (other than IFMI and its Affiliates) relating to or in connection with a Competing Transaction; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) participate in any discussions or negotiations with, or provide any non-public information to, any Person (other than IFMI and its
Affiliates) relating to or in connection with a Competing Transaction; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) enter into any agreement in principle,
letter of intent, term sheet, merger agreement, acquisition agreement, contribution agreement, plan of reorganization, or other similar instrument relating to or in connection with a Competing Transaction. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) From the date hereof through and including the Interim Closing Date, each of the PrinceRidge Entities and its Affiliates and their
respective Representatives shall (i)&nbsp;immediately discontinue any ongoing discussions or negotiations (other than with the IFMI and its Affiliates) relating to or in connection with a Competing Transaction) and (ii)&nbsp;promptly inform IFMI of
any bona fide inquiries, proposals or offers regarding a Competing Transaction (including copies thereof). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.10
<U>Tax Matters</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Each of the parties hereto agrees to furnish or cause to be furnished to each other, upon reasonable
request, as promptly as practicable, such information as may be in its possession and such assistance relating to the Business or the PrinceRidge Entities&#146; business (including a copy of any Tax Return and access to books and records) as is
reasonably necessary for the parties for the filing of all Tax Returns, the making of any election relating to Taxes, the preparation for any audit by any taxing or other Governmental Authority, and the prosecution or defense of any claim, suit or
proceeding relating to any Tax. The requesting party shall bear all of the out-of-pocket costs and expenses (including attorneys&#146; fees but excluding reimbursement for general overhead, salaries and employee benefits) reasonably incurred in
connection with the provision of information and assistance pursuant to this <U>Section&nbsp;5.10</U>. The parties shall retain all books and records with respect to Taxes pertaining to the Business and the PrinceRidge Entities&#146; business for
Pre-Interim Closing Tax Periods for a period of at least six (6)&nbsp;years following the Interim Closing Date, or the date that is sixty (60)&nbsp;day following the applicable statute of limitations, if longer. On or after the end of such period,
each party shall use commercially reasonable efforts to provide the other with at least thirty (30)&nbsp;days prior written notice before destroying any such books and records, during which period the party receiving such notice can elect to take
possession, at its own expense, of such books and records. Each of the parties hereto shall cooperate with each other in the conduct of any audit or other proceeding relating to Taxes involving the Business. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) All excise, sales, use, value added, registration stamp, recording, documentary,
conveyancing, franchise, property, transfer, gains and similar Taxes, levies, charges and fees incurred in connection with the transactions contemplated by this Agreement (collectively, &#147;<U>Transfer Taxes</U>&#148;) shall be borne by the
PrinceRidge Entities. For the avoidance of doubt, all Transfer Taxes shall be borne by the parties <I>pro rata</I> based on their interests in the PrinceRidge Entities after the Interim Closing Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Each of the parties hereto agrees that each of the PrinceRidge Entities shall determine the allocation of all items for Tax purposes
between the Pre-Interim Closing Tax Period and the Post-Interim Closing Tax Period based upon an actual &#147;closing of the books&#148; of each of PrinceRidge and PrinceRidge GP as of the Interim Closing Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) Notwithstanding anything herein to the contrary, (i)&nbsp;all of the expenses incurred or resulting in connection with any
Partnership Tax Audit that occurs on or prior to the second anniversary of the date hereof, for, in respect of and/or pertaining to any tax year ending on or before December&nbsp;31, 2010 (any of which, a &#147;<U>Pre-Closing Partnership Tax
Audit</U>&#148;) and (ii)&nbsp;all of the expenses incurred or resulting in connection with any Company Tax Audit that occurs on or prior to the second anniversary of the date hereof, for, in respect of and/or pertaining to any tax year ending on or
before December&nbsp;31, 2010 (any of which, a &#147;<U>Pre-Closing Company Tax Audit</U>&#148;) shall be borne by those Members other than IFMI (each, a &#147;<U>PrinceRidge Member</U>&#148; and, collectively, the &#147;<U>PrinceRidge
Members</U>&#148;), in accordance with the PrinceRidge LP Agreement and the PrinceRidge GP LLC Agreement. For Tax purposes, any deduction with respect to such expenses will be specially allocated to PrinceRidge Members. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.11 <U>SEC Disclosure Requirements</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) As soon as available, (i)&nbsp;but in no event later than the Interim Closing Date, PrinceRidge shall deliver to IFMI a copy of the audited PrinceRidge 2009 Financials with the partial period from
inception to December&nbsp;31, 2008 removed therefrom, (ii)&nbsp;but in no event later than thirty (30)&nbsp;calendar days after the Interim Closing Date, PrinceRidge GP shall deliver to IFMI a copy of the audited PrinceRidge GP audited consolidated
statement of financial condition of PrinceRidge GP, including all of its Subsidiaries, as of December&nbsp;31, 2010 and December&nbsp;31, 2009 and the related audited consolidated statements of operations, cash flows and partnership equity for the
periods then ended, including the related reports of the independent auditor reviewing such financial statements, and (iii)&nbsp;but in no event later than thirty (30)&nbsp;calendar days after the Interim Closing Date, PrinceRidge shall deliver to
IFMI an unaudited consolidated statement of financial condition of PrinceRidge and PrinceRidge GP and the related statements of operations, cash flows and partnership equity or membership equity, as applicable, of PrinceRidge and PrinceRidge GP for
any applicable interim quarterly periods completed prior to the Interim Closing Date, in each case along with all notes related thereto (collectively, the &#147;<U>PrinceRidge SEC Financial Statements</U>&#148;). IFMI shall pay to PrinceRidge GP the
audit fees charged by the independent auditor to PrinceRidge GP in connection with delivering the audited financial statements of PrinceRidge GP required by this <U>Section&nbsp;5.11</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) On or after the Interim Closing Date, the PrinceRidge Entities shall, on request, cooperate with IFMI by furnishing any additional
information, executing and delivering any additional documents and instruments, and doing any and all such other things as may be </FONT></P>
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reasonably requested by IFMI or its counsel to allow IFMI Parent to comply with any and all SEC rules and regulations related to the reporting of the Transactions contemplated by this Agreement.
To assist in the preparation of SEC disclosure related to the transactions contemplated by this Agreement, and in addition to the PrinceRidge SEC Financial Statements provided pursuant to <U>Section&nbsp;5.11(a)</U> hereof, the PrinceRidge Entities
shall provide IFMI Parent with any and all spreadsheets, work papers and other relevant documents as well as any auditor consents related to the PrinceRidge SEC Financial Statements and the business of the PrinceRidge Entities as may be necessary or
desirable for the preparation and filing of complete and accurate disclosures with the SEC. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.12 <U>CMBS
LOI</U>. IFMI shall retain PrinceRidge to exercise and manage all rights held by IFMI Parent or its Subsidiaries under the CMBS LOI (the &#147;<U>CMBS Management</U>&#148;), if any, except for any termination rights associated therewith. PrinceRidge
shall have no liability to IFMI, or any other party, for the CMBS Management or arising out of the CMBS LOI. In consideration for PrinceRidge undertaking the CMBS Management, IFMI or the IFMI Parent, as applicable, shall pay PrinceRidge fifteen
percent (15%)&nbsp;of any net revenue received in connection with the CMBS LOI after deducting any expenses under the CMBS LOI. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.13 <U>Restricted Stock</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Schedule 5.13(a)</U> (which schedule shall be updated as of the Interim Closing Date) sets forth (i)&nbsp;the shares of restricted stock of IFMI Parent issued under either the IFMI Parent 2006
Long-Term Incentive Plan or the IFMI Parent 2010 Long-Term Incentive Plan, in each case as amended, that are held by the Transferring Employees and the UK Employees (the &#147;<U>Restricted Stock</U>&#148;) as of the date hereof and as of the
Interim Closing Date, as the case may be, (ii)&nbsp;the number of shares of Restricted Stock granted to such Transferring Employees and UK Employees, (iii)&nbsp;the vesting dates of such shares of Restricted Stock, (iv)&nbsp;the conditions to
vesting of such shares of Restricted Stock, (v)&nbsp;the total accounting expense attributable to such Restricted Stock from the date of grant through the projected vesting date, (vi)&nbsp;the number of all shares of Restricted Stock that have been
exercised prior to the Interim Closing Date by such Transferring Employees and UK Employees, and (vii)&nbsp;the revenues attributed to each Transferring Employee and UK Employee from the grant date for such Restricted Stock through the date set
forth on the schedule). <U>Schedule 5.13(a)</U> shall be updated as of the Interim Closing Date with regard to the Transferring Employees and as of the UK Clearance Date with respect to the UK Employees and the foregoing representations should be
deemed to be made as of the Interim Closing Date and the UK Clearance Date on the basis of the updated schedules. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) To the
extent that any of the Restricted Stock vests on or after: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) the Interim Closing Date with respect to Transferring
Employees, then three (3)&nbsp;Business Days after the end of the month in which a notice was received from IFMI that Restricted Stock has vested, PrinceRidge shall reimburse IFMI for a percentage of the total IFMI accounting expense related to such
vested Restricted Stock equal to (A)&nbsp;with respect to revenue generating Transferring Employees, (x)&nbsp;the amount of revenue generated by the applicable Transferring Employee from, and including, the Interim Closing Date through the vesting
date of the Restricted Stock, <U>divided by</U> (y)&nbsp;the total revenue generated by the applicable </FONT></P>
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Transferring Employee from the date of the award applicable to such Restricted Stock to the vesting date of such Restricted Stock; and (B)&nbsp;with respect to non-revenue generating Transferring
Employees, (x)&nbsp;the number of days from, and including, the Interim Closing Date through the vesting date of the Restricted Stock, <U>divided by</U> (y)&nbsp;the total number of days from the date of the award applicable to such Restricted Stock
to the vesting date of such Restricted Stock. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) the date the UK Employees are hired by the UK Broker-Dealer, then three
(3)&nbsp;Business Days after the end of the month in which a notice was received from IFMI that Restricted Stock has vested, PrinceRidge shall, or shall cause the UK Broker-Dealer to, reimburse IFMI for a percentage of the total IFMI accounting
expense related to such vested Restricted Stock equal to (A)&nbsp;with respect to revenue generating UK Employees from and including the date on which such employee is hired by the UK Broker-Dealer, (x)&nbsp;the amount of revenue generated by the
applicable UK Employee from, and including, the date such employee is hired by the UK Broker-Dealer through the vesting date of the Restricted Stock, <U>divided by</U> (y)&nbsp;the total revenue generated by the applicable UK Employee from the date
of the award applicable to such Restricted Stock to the vesting date of such Restricted Stock; and (B)&nbsp;with respect to non-revenue generating UK Employees from and including the date on which such employee is hired by the UK Broker-Dealer,
(x)&nbsp;the number of days from, and including, the date such employee is hired by the UK Broker-Dealer through the vesting date of the Restricted Stock, <U>divided by</U> (y)&nbsp;the total number of days from the date of the award applicable to
such Restricted Stock to the vesting date of such Restricted Stock. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) The reimbursement by the PrinceRidge Entities and
their Subsidiaries pursuant to <U>Section&nbsp;5.13(b)</U> shall not exceed the amounts set forth on <U>Schedule 5.13(a)</U> for each Transferring Employee, provided, however, that the aggregate amount of any such reimbursements shall not exceed
Five Million Four Hundred Thousand Dollars ($5,400,000). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) The PrinceRidge Managers may choose to satisfy the
reimbursements obligations of the PrinceRidge Entities determined as of the last vesting day in each calendar month under <U>Section&nbsp;5.13(b)</U> by either (x)&nbsp;the payment of cash to IFMI, or (y)&nbsp;the delivery to IFMI of Equity
Interests in PrinceRidge and PrinceRidge GP, determined based on book value as of the end of each calendar month, which Equity Interests shall be allocated in proportion to IFMI&#146;s then-current ownership in the PrinceRidge Entities. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) <U>Schedule 5.13(e)</U> (which schedule shall be updated as of the Interim Closing Date) sets forth (i)&nbsp;the shares of restricted
stock of IFMI Parent issued under the Amended and Restated Cohen Brothers, LLC 2009 Equity Award Plan, as amended, that are held by the Transferring Employees and the UK Employees (the &#147;<U>IFMI Retained Restricted Stock</U>&#148;) as of the
date hereof and as of the Interim Closing Date, as the case may be, (ii)&nbsp;the number of shares of IFMI Retained Restricted Stock granted to such Transferring Employees and UK Employees, (iii)&nbsp;the vesting dates of such shares of IFMI
Retained Restricted Stock, (iv)&nbsp;the conditions to vesting of such shares of IFMI Retained Restricted Stock, (v)&nbsp;the total accounting expense attributable to such IFMI Retained Restricted Stock from the date of grant through the projected
vesting date, (vi)&nbsp;the number of all shares of IFMI Retained Restricted Stock that have been exercised prior to the Interim Closing Date by such Transferring Employees and UK Employees, and (vii)&nbsp;the revenues attributed to each
Transferring Employee and UK Employee </FONT></P>
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from the grant date for such IFMI Retained Restricted Stock through the date set forth on the schedule). <U>Schedule 5.13(e)</U> shall be updated as of the Interim Closing Date with regard to the
Transferring Employees and as of the UK Clearance Date with respect to the UK Employees. IFMI agrees that the PrinceRidge Entities are not required to, and will not, reimburse IFMI for accounting expense related to such IFMI Retained Restricted
Stock. For GAAP accounting purposes, the accounting expense with respect to the IFMI Retained Restricted Stock will be recorded by PrinceRidge with an offsetting capital contribution from IFMI. For Tax purposes, any deduction with respect to the
vesting of the IFMI Retained Restricted Stock will be specially allocated to IFMI and the foregoing representations should be deemed to be made as of the Interim Closing Date and the UK Clearance Date on the basis of the updated schedules.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.14 <U>Further Assurances</U>. From and after the Interim Closing, each of the parties hereto shall cooperate
with each other, and execute and deliver, or use commercially reasonable efforts to cause to be executed and delivered, all such other instruments, including instruments of conveyance, assignment and transfer, and take all such other actions as such
party may reasonably be requested to take by the other parties hereto from time to time, consistent with the terms of this Agreement, in order to effectuate the provisions and purposes of this Agreement and the Transactions. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 6 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EMPLOYEES AND EMPLOYEE BENEFITS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;6.1 <U>Post-Interim Closing Employee Matters</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Subject to
the new hire policies and procedures applicable to the PrinceRidge Group (true, complete and correct copies of which have been provided to IFMI), the PrinceRidge Entities shall cause the PrinceRidge Group to extend an offer of full-time employment
effective as of the Interim Closing Date to each of the employees set forth on <U>Schedule 3.13(a)</U> that are not employed by CCCM on the Interim Closing Date. The PrinceRidge Group shall assume all employment arrangements with any such employees
that accept such offer of full-time employment as an Assumed Contract under <U>Section&nbsp;2.3</U> and <U>Section&nbsp;3.8(a)</U> and shall, unless otherwise agreed to by IFMI, transfer such registered employees into CCCM and such other employees
into PrinceRidge, in each case as soon as practicable following Interim Closing. If no written employment arrangement exists for any of these employees, such employees shall be offered employment with a base salary, draw and/or commission
arrangement, as applicable, at the same level as immediately prior to the Interim Closing Date and employee benefits that are no less favorable than, in the aggregate, the employee benefits (other than deferred or equity-based compensation) provided
to substantially similar employees of the PrinceRidge Group. Those employees who accept the PrinceRidge Group&#146;s offer of employment, together with all employees of CCCM as of immediately prior to the Interim Closing, shall be referred to as the
&#147;<U>Transferring Employees</U>.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) IFMI agrees to use commercially reasonable efforts to facilitate the
transition of the Transferring Employees to employment with CCCM, as of the Interim Closing </FONT></P>
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Date. Such commercially reasonable efforts shall include affording the PrinceRidge Group and its Representatives reasonable opportunities prior to the Interim Closing Date to review employment
records (other than medical records), as permitted by applicable Law, of the Transferring Employees, to discuss terms and conditions of employment with the PrinceRidge Group as of the Interim Closing Date and to distribute to the Transferring
Employees forms and documents relating to employment with the PrinceRidge Entities or one of their Subsidiaries, in each case, as applicable. IFMI shall, or shall cause its Subsidiaries to, pay any and all Transferring Employee Compensation in the
ordinary course, in accordance with its normal payroll practices. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Except as prohibited by applicable Law, after the
Interim Closing Date, IFMI shall deliver to the PrinceRidge Group originals or copies of all personnel files and records (excluding, if any, medical records and benefit plan records) related to the Transferring Employees, and IFMI shall have
reasonable continuing access to such files and records thereafter to the extent necessary to comply with applicable Law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)
Notwithstanding any other provision in this Agreement or any Ancillary Agreement, IFMI or one of its Affiliates may, in IFMI&#146;s sole discretion, offer employment to the Transferring Employees set forth on <U>Schedule 6.1(d)</U> at any time and
the PrinceRidge Entities acknowledge that neither the offer of employment nor the acceptance of such offered employment shall be a violation of the terms and conditions of this Agreement, any Ancillary Agreement or any restrictive covenant between
the requested employee and any PrinceRidge Entity or any of its Affiliates. Subject to FINRA or other applicable regulatory requirements (as reasonably determined by the PrinceRidge Managers following consultation with outside counsel), upon a
reasonable request, the PrinceRidge Entities shall, and shall cause their Subsidiaries to, cooperate with IFMI in facilitating the transfer of such employees who choose to accept employment with IFMI or one of its Affiliates. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;6.2 <U>Post-Interim Closing Employee Benefits</U>. Effective as of the Interim Closing Date, the Transferring Employees
shall cease active participation in all IFMI Benefit Plans and the PrinceRidge Group shall cause each Transferring Employee who was covered under the IFMI Benefit Plans immediately prior to the Interim Closing Date to be covered under the
PrinceRidge Benefit Plans. To the maximum extent allowable under (a)&nbsp;the then-current PrinceRidge Benefit Plans and (b)&nbsp;the Health Insurance Portability and Accountability Act, the PrinceRidge Benefit Plans shall recognize each
Transferring Employee&#146;s prior service that is recognized under the IFMI Benefit Plans for eligibility and vesting purposes and, in the case of vacation or severance benefits, for purposes of determining the amount of benefits. With respect to
any PrinceRidge Benefit Plans, the PrinceRidge Group shall, and shall cause its Affiliates to, to the maximum extent possible under the PrinceRidge Benefit Plans: (i)&nbsp;cause there to be waived any eligibility requirements or pre-existing
condition limitations to the same extent waived under comparable IFMI Benefit Plans and (ii)&nbsp;give effect, in determining any deductible and maximum out-of-pocket limitations, to amounts paid by such Transferring Employees with respect to
comparable IFMI Benefit Plans. The PrinceRidge Group shall grant to all Transferring Employees credit for, and immediately make available to each Transferring Employee, the paid-time off time earned but not yet used by such Transferring Employee as
of the Interim Closing Date. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;6.3 <U>Shared IFMI Employees</U>. The parties agree that, following the Interim
Closing, certain employees of IFMI or one of its Affiliates, other than the PrinceRidge Entities and/or their Subsidiaries, will devote a significant percentage of their business time to the provision of certain services to the PrinceRidge Entities
(each, a &#147;<U>Shared IFMI Employee</U>&#148;) and certain Transferred Employees will devote a significant percentage of their business time to the provision of certain services to IFMI. <U>Schedule 6.3</U> sets forth lists of the Shared IFMI
Employees and the Transferred Employees currently contemplated by the parties to provide certain services to the PrinceRidge Entities and IFMI, respectively, following the Interim Closing, including the category of services and the percentage of
each such Shared IFMI Employee&#146;s or Transferred Employee&#146;s business time that will be dedicated to providing the applicable services. On the Interim Closing Date, the parties shall enter into a Reimbursement Agreement, in the form set
forth on <U>Annex E</U> hereto, which will provide the terms and conditions applicable to the Shared IFMI Employees (the &#147;<U>Reimbursement Agreement</U>&#148;). Unless the parties agree otherwise in writing, no costs will be allocated to the
PrinceRidge Entities other than as set forth in the Reimbursement Agreement, and the Reimbursement Agreement will survive the Final Closing. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 7 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CONDITIONS TO THE INTERIM CLOSING </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.1 <U>Conditions Precedent to Obligations of the Parties</U>. The respective obligations of each of the parties hereto to
consummate the Transactions on the Interim Closing Date shall be subject to the satisfaction, at or prior to the Interim Closing Date, of all of the following conditions, any one or more of which may be waived in writing by each of the parties
hereto: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>No Restraints</U>. There shall not be threatened, instituted or pending any (i)&nbsp;action or proceeding by
any Governmental Authority of competent jurisdiction with a reasonable likelihood of success or (ii)&nbsp;Order of any nature of any Governmental Authority of competent jurisdiction, in each case that is in effect that prohibits or would prohibit
the consummation of the Transactions; <U>provided</U>, that the party or parties invoking this condition shall have used its or their commercially reasonable efforts to have any such action or proceeding terminated or such Order vacated or denied.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>No Interim FINRA Restriction</U>. FINRA has not imposed any restrictions on IFMI, any Involved Subsidiary, the
PrinceRidge Entities or any of their Subsidiaries in connection with the CMAs filed by the PrinceRidge Group and CCCM. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c)
<U>Consent of the PrinceRidge Class&nbsp;A Partners</U>. The affirmative written consent to the Transactions of each of the PrinceRidge Class&nbsp;A Partners shall have been received and such consent shall be duly executed by and valid and binding
upon each such PrinceRidge Class&nbsp;A Partner. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.2 <U>Conditions Precedent to Obligations of IFMI</U>. The
obligation of IFMI to consummate the Transactions on the Interim Closing Date shall be subject to the satisfaction, at or prior to the Interim Closing Date, of all of the following conditions, any one or more of which may be waived in writing by
IFMI: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Representations and Warranties Accurate</U>. Each of the representations and warranties of each of the
PrinceRidge Entities (i)&nbsp;contained in <U>Article 4</U> (except for the representations and warranties referred to in clause (ii)&nbsp;below) shall be true and correct in all material respects, except for those representations and warranties
that are qualified with respect to materiality, which shall be true and correct in all respects, and (ii)&nbsp;contained in <U>Section&nbsp;4.2</U> and <U>Section&nbsp;4.7(b)</U>, shall be true and correct in all respects, in each case as of the
date hereof and as of the Interim Closing Date as if made at and as of such date (except those representations and warranties that address matters only as of a particular date or only with respect to a specific period of time, in which case as of
such date or with respect to such period, as the case may be). </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>Performance</U>. Each of the PrinceRidge Entities shall have performed and complied
in all material respects with all covenants and other agreements required by this Agreement to be performed and complied with by it prior to or on the Interim Closing Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) <U>Interim Closing Deliverables</U>. Each of the PrinceRidge Entities, as applicable, shall have taken all of the actions referred to in <U>Section&nbsp;2.11</U> and <U>Section&nbsp;2.12</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) <U>Ancillary Agreements</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(i) <U>Amended Constituent Documents</U>. Each of the Constituent Documents of the PrinceRidge Entities shall have been amended as set forth in parts I and II of Annex B, and each such amended Constituent
Document shall be in full force and effect and enforceable against each counterparty thereto in accordance with its terms, in each case as so amended. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(ii) <U>Other Ancillary Agreements</U>. Each of the other Ancillary Agreements shall have been executed and delivered by each counterparty thereto as attached in the respective Annex hereto and shall be
in full force and effect and enforceable against each counterparty thereto in accordance with its terms. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) <U>Third Party
Consents</U>. All Third Party Consents identified on <U>Schedule 7.2(e)</U> shall have been obtained and shall be in full force and effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(f) <U>PrinceRidge Minimum Membership Equity Requirement</U>. The Estimated Closing PrinceRidge Membership Equity shall not be less than Fifteen Million Dollars ($15,000,000), provided, however, that the
PrinceRidge Partners as of the date hereof shall have the ability to contribute additional capital to the PrinceRidge Entities to account for such requirement so long as the PrinceRidge Entities inform IFMI of such contribution. For purposes of
fulfilling this condition, at least two (2)&nbsp;Business Days prior to the Interim Closing Date, PrinceRidge shall deliver, or cause to be delivered, to IFMI a calculation of the membership equity of PrinceRidge, on a consolidated basis, calculated
in the same manner and presented in the same form and format as set forth on the balance sheet included in the PrinceRidge Audited Financial Statements and prepared in accordance with GAAP (the &#147;<U>Estimated Closing PrinceRidge Membership
Equity</U>&#148;), estimated as of the Interim Closing Date. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) <U>No Debt Defaults</U>. None of the PrinceRidge Entities shall be in default under any
Indebtedness, and no events shall have occurred that, with notice or passage of time, would constitute such a default. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h)
<U>FIRPTA</U>. IFMI shall have received from each of the PrinceRidge Entities a certificate complying with the Code and Treasury Regulations promulgated thereunder, in form and substance reasonably satisfactory to IFMI, duly executed and
acknowledged by an authorized officer of such PrinceRidge Entity certifying that such PrinceRidge Entity is not a &#147;foreign person&#148; for purposes of Sections 897 and 1445 of the Code. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.3 <U>Conditions to Obligations of the PrinceRidge Entities</U>. The respective obligation of each of the PrinceRidge
Entities to consummate the Transactions on the Interim Closing Date shall be subject to the satisfaction, at or prior to the Interim Closing Date, of all of the following conditions, any one or more of which may be waived in writing by each of the
PrinceRidge Entities: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>Representations and Warranties Accurate</U>. Each of the representations and warranties of IFMI
(i)&nbsp;contained in <U>Article 3</U> (except for the representations and warranties referred to in clause (ii)&nbsp;below) shall be true and correct in all material respects, except for those representations and warranties that are qualified with
respect to materiality, which shall be true and correct in all respects, and (ii)&nbsp;contained in <U>Section&nbsp;3.2</U>, <U>Section&nbsp;3.8</U> and <U>Section&nbsp;3.9</U> shall be true and correct in all respects, in each case as of the date
hereof and as of the Interim Closing Date as if made at and as of such date (except those representations and warranties that address matters only as of a particular date or only with respect to a specific period of time, in which case as of such
date or with respect to such period, as the case may be). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>Performance</U>. IFMI shall have performed and complied in
all material respects with all covenants and other agreements required by this Agreement to be performed and complied with by it prior to or on the Interim Closing Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(c) <U>Interim Closing Deliverables</U>. IFMI shall have taken all of the actions referred to in <U>Section&nbsp;2.10</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) <U>Ancillary Agreements</U>. Each of the Ancillary Agreements shall have been executed and delivered by each counterparty thereto and shall be in full force and effect and enforceable against each
counterparty thereto in accordance with its terms. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) <U>Transaction Steps Plan</U>. The Transaction Steps Plan shall have
been executed and delivered by each counterparty thereto and the transactions identified therein shall have been completed at or prior to the Interim Closing, in each case in a manner and pursuant to agreements or instruments reasonably satisfactory
to PrinceRidge. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) <U>Release of Liens</U>. Each of the PrinceRidge Entities shall have received an opinion of counsel
reasonably satisfactory to them to the effect that all Liens on the Contributed Assets set forth on <U>Schedule 7.3(f)</U> have been paid in full or otherwise discharged or released and IFMI shall have acquired the Contributed Assets free and clear
of all such Liens prior to the Interim Closing. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) <U>FIRPTA</U>. PrinceRidge shall have received a certificate complying with the Code and
Treasury Regulations promulgated thereunder, in form and substance reasonably satisfactory to the PrinceRidge Entities, duly executed and acknowledged by an authorized officer of IFMI, certifying that IFMI is not a &#147;foreign person&#148; for
purposes of Sections 897 and 1445 of the Code. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) <U>Third Party Consents.</U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) The consent of Pershing LLC shall have been obtained and shall be in full force and effect. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%;padding-bottom:0px;"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) All other Third Party Consents identified on <U>Schedule 7.3(i)</U> shall have been obtained and shall be in
full force and effect.</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">1</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) <U>No Debt Defaults</U>. Neither IFMI Parent nor any of its Subsidiaries shall be in default under any Indebtedness, and no events
shall have occurred that, with notice or passage of time, would constitute such defaults. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) <U>Regulatory Capital</U>.
PrinceRidge shall have received evidence reasonably satisfactory to it establishing that CCCM maintained at least Five Million Dollars ($5,000,000) in excess net capital. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 8 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CONDITIONS TO THE FINAL CLOSING </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;8.1 <U>Conditions Precedent to Obligations of the Parties</U>. The respective obligations of each of the parties hereto to
consummate the transactions contemplated by <U>Section&nbsp;2.13</U> on the Final Closing Date shall be subject to the satisfaction, at or prior to the Final Closing Date, of the following condition, any one or more of which may be waived in writing
by each of the parties hereto: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <U>FINRA Authorization</U>. The Consent of FINRA to the CMAs shall have been obtained and
shall be in full force and effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <U>State Registrations</U>. New York State has not commenced proceedings to revoke the
registration of CCCM, the PrinceRidge Entities or any of their Subsidiaries. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 9 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>INDEMNIFICATION </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.1 <U>Indemnification by IFMI</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) From and after the Interim
Closing through the second anniversary of the Interim Closing, subject to the terms, conditions and limitations set forth in this <U>Article 9</U>, IFMI </FONT></P>
<P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
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STYLE="font-family:Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bank consent? </FONT></TD></TR></TABLE>
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agrees to indemnify and hold harmless and defend the PrinceRidge Entities (including for the benefit of each of the non-IFMI Partners of PrinceRidge who was a Partner as of immediately prior to
the Interim Closing (each, an &#147;<U>Original PR LP Partner</U>&#148;) and each of the non-IFMI Members of PrinceRidge GP who was a Member as of immediately prior to the Interim Closing (each an &#147;<U>Original PR GP Member</U>,&#148; and
collectively with the Original PrinceRidge LP Partners, the &#147;<U>Original PR Parties</U>&#148;)) and their Representatives (the &#147;<U>PrinceRidge Indemnified Parties</U>&#148;), from and against Losses arising out of, attributable to, based
upon or resulting from any of the following, without duplication, that are sustained or incurred by any of the PrinceRidge Indemnified Parties (and any additional amounts payable by the PrinceRidge Indemnified Parties as a result of any payments
under this <U>Section&nbsp;9.1</U>): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) the Excluded Assets; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) the Retained Liabilities, including Losses arising out of non-employment-related litigation; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) any breach of any of the (A)&nbsp;representations or warranties of IFMI contained in this Agreement, any Ancillary Agreement or
any other documents delivered in connection herewith and therewith or (B)&nbsp;the covenants or other obligations of IFMI contained in this Agreement, any Ancillary Agreement or any other documents delivered in connection therewith; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) severance payments or benefits (by Contract, policy or applicable Law) in connection with the termination of any Transferring
Employee, other than severance payments payable to such terminated Transferring Employee of up to two (2)&nbsp;months of the terminated Transferring Employee&#146;s base salary or wage, provided that any amounts above two (2)&nbsp;months base salary
or wage is specifically provided for in a Contract or approved by the Board prior to payment; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) any net losses in excess
of One Million Five Hundred Thousand Dollars ($1,500,000) incurred during the six (6)&nbsp;month period following the Interim Closing Date as a result of the liquidation in the ordinary course of CCCM Securities that were not CCCM Identified
Securities at a price lower than that utilized in calculating the Determined Contributed Assets Value, <U>provided</U> that the business is run in the ordinary course (based upon the usual practices of the business, as determined by the PrinceRidge
Entities following the Interim Closing, rather than by reference to the pre-Interim Closing management of the business) during such six (6)&nbsp;month period; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(vi) the IFMI Real Property Leases that are obligations of CCCM but that relate to Excluded Properties. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) With respect to any claim that shall be made on or prior to the second anniversary of the date hereof, IFMI shall satisfy its indemnification obligations to the PrinceRidge Indemnified Parties
pursuant to <U>Section&nbsp;9.1(a)</U> by recalculating the IFMI Equity Interest Calculation with the Final Contributed Assets Value decreased by the amount of the PrinceRidge Indemnified Parties&#146; Losses and delivering to the then-current
Original PR LP Partners and Original PR GP Members such number of IFMI Equity Interests that, based on the </FONT></P>
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book value at the time of the relevant indemnification claim, equals the aggregate value of such Losses (such number of Equity Interests, the &#147;<U>PrinceRidge Redirected Amount</U>&#148;);
<U>provided</U> that with respect to any indemnification claim, the increase in each such Original PR Party&#146;s Equity Interests in the PrinceRidge Entities shall equal (i)&nbsp;the PrinceRidge Redirected Amount, <U>multiplied by</U> (ii)&nbsp;a
fraction where (A)&nbsp;the numerator is the number of Equity Interests in the PrinceRidge Entities held by such Partner or Member as of immediately following Interim Closing, less any such Equity Interests transferred or otherwise disposed of
(other than Equity Interests transferred pursuant to Section&nbsp;9.01(a)(ii) of the Constituent Documents of the PrinceRidge Entities) prior to the date of such claim, and (B)&nbsp;the denominator is the aggregate number of all of the outstanding
Equity Interests in the PrinceRidge Entities (other than those held by IFMI) immediately following the Interim Closing. IFMI shall have the right to elect to satisfy its indemnification obligations by delivering to the PrinceRidge Indemnified
Parties cash in the amount of the Losses (calculated in the same manner as provided above). It is understood that in no event shall IFMI be required to satisfy its indemnification obligations in any manner other than by the reduction in the Equity
Interests in the PrinceRidge Entities as set forth in this <U>Section&nbsp;9.1(b)</U>, which shall be the exclusive remedy of the PrinceRidge Indemnified Parties in respect of any Losses, and that the amount of any payment of cash in lieu of Equity
Interests shall be a reduction in IFMI&#146;s indemnification obligations pursuant to this <U>Section&nbsp;9.1(b)</U> as though IFMI delivered Equity Interests instead of cash. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <U>Treatment of Indemnity Payments Made Under Section&nbsp;9.1</U>.&nbsp;Unless otherwise required by applicable Law, all
indemnification payments made pursuant to this <U>Section&nbsp;9.1</U> of this Agreement shall be treated and reported either as a non-taxable capital contribution and/or a non-taxable purchase price adjustment, as applicable, for all Tax purposes,
and no party shall take any position inconsistent with such characterization. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.2 <U>Indemnification by the
PrinceRidge Entities</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) From and after the Interim Closing through the second anniversary of the Interim Closing,
subject to the terms, conditions and limitations set forth in this <U>Article 9</U>, each of the PrinceRidge Entities agrees, on behalf of its Members or Partners, as applicable, as in effect immediately prior to the Interim Closing, to indemnify
and hold harmless and defend IFMI and its Affiliates (excluding, for the avoidance of doubt, CCCM) and Representatives (collectively, the &#147;<U>IFMI Indemnified Parties</U>&#148;) from and against Losses arising out of, attributable to, based
upon or resulting from any of the following, without duplication, that are sustained or incurred by any of the IFMI Indemnified Parties (and any additional amounts payable by the IFMI Indemnified Parties as a result of any payments under this
<U>Section&nbsp;9.2</U>): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) the Assumed Liabilities and the CCCM Indemnified Liabilities; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) (A) any breach of any of the representations or warranties of such PrinceRidge Entity contained in this Agreement, any Ancillary
Agreement or any other documents delivered in connection herewith and therewith or (B)&nbsp;any breach of any of the covenants or other obligations of such PrinceRidge Entity contained in this Agreement, any Ancillary Agreement or any other
documents delivered in connection therewith; <U>provided</U> that with respect to any breach pursuant to this <U>Section&nbsp;9.2(a)(ii)(B)</U> that occurs after the Interim Closing, the PrinceRidge Entities shall only have an indemnification
obligation hereunder to the </FONT></P>
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extent the breach was caused by actions of the PrinceRidge Managers taken (x)&nbsp;without duly informing the Board in advance of their intention to take such actions and (y)&nbsp;without
receiving any objection from the Board in advance; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) any net losses in excess of One Million Five Hundred Thousand
Dollars ($1,500,000) incurred during the six (6)&nbsp;month period following the Interim Closing Date as a result of the liquidation in the ordinary course of Valuation PrinceRidge Securities that were not PrinceRidge Identified Securities at a
price lower than that utilized in calculating the Final PrinceRidge Membership Equity determined in accordance with <U>Section&nbsp;2.7</U>, <U>provided</U> that the business of PrinceRidge Group is run in the ordinary course (based upon the usual
practices of the business, as determined by the PrinceRidge Entities following the Interim Closing, rather than by reference to the pre-Interim Closing management of the business) during such six (6)&nbsp;month period; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) With respect to any Closing Date Claim that shall be made on or prior to the second anniversary of the date hereof, the PrinceRidge
Entities shall satisfy their indemnification obligations to the IFMI Indemnified Parties pursuant to <U>Section&nbsp;9.2(a)</U> by recalculating the IFMI Equity Interest Calculation with the Final Contributed Assets Value increased by the amount of
the IFMI Indemnified Parties&#146; Losses and delivering to IFMI, from the then-current Original PR LP Partners and Original PR GP Members, the aggregate number of Equity Interests in the PrinceRidge Entities that, based on the book value at the
time of the indemnification claim, equals the aggregate value of such Losses (such number of equity interests, the &#147;<U>IFMI Redirected Amount</U>&#148;); <U>provided</U> that, with respect to any indemnification claim, the reduction in any
Original PR Party&#146;s Equity Interests in the PrinceRidge Entities shall not exceed the amount equal to (i)&nbsp;the IFMI Redirected Amount, multiplied by (ii)&nbsp;a fraction where (A)&nbsp;the numerator is the number of Equity Interests in the
PrinceRidge Entities held by such Partner or Member as of immediately following Interim Closing, less any Equity Interests transferred or otherwise disposed of (other than Equity Interests transferred pursuant to Section&nbsp;9.01(a)(ii) of the
PrinceRidge Entities Constituent Documents) prior to the date of such claim, and (B)&nbsp;the denominator is the aggregate number of all of the outstanding Equity Interests in the PrinceRidge Entities (other than those held by IFMI) immediately
following Interim Closing. Each such Original PR Party shall have the right, at its option and in lieu of any reduction in such Person&#146;s Equity Interests in the PrinceRidge Entities, to choose to satisfy its portion of any indemnification
obligation pursuant to this <U>Section&nbsp;9.2(b)</U>, which, for the avoidance of doubt, is nevertheless not a personal obligation of any Original PR Party, by delivering to the IFMI Indemnified Parties cash in the amount of its share of the
Losses (calculated in the same manner as its share of the IFMI Redirected Amount). It is understood that in no event shall either PrinceRidge Entity or any Original PR Party be required to satisfy the indemnification obligations of the PrinceRidge
Entities in any manner other than by the reduction in Equity Interests in the PrinceRidge Entities as set forth in this <U>Section&nbsp;9.2(b)</U>, which shall be the exclusive remedy of IFMI in respect of any Losses, and that the amount of any
payment of cash in lieu of Equity Interests shall be a reduction in the Member&#146;s or Partner&#146;s indemnification obligations pursuant to this <U>Section&nbsp;9.2(b),</U> which, for the avoidance of doubt, is nevertheless not a personal
obligation of any Original PR Party as though such Members and Partners, as the case may be, had delivered Equity Interests instead of cash. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) With respect to any indemnification claim that shall be made on or prior to the second
anniversary of the date hereof against either of the PrinceRidge Entities by IFMI pursuant to this Agreement that is not a Closing Date Claim, the post-Interim Closing PrinceRidge shall satisfy its indemnification obligations to the IFMI Indemnified
Parties pursuant to <U>Section&nbsp;9.2(a)</U> by paying to IFMI cash in the amount of the IFMI Indemnified Parties&#146; Losses. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) <U>Treatment of Indemnity Payments Made Under Section&nbsp;9.2</U>.&nbsp;Unless otherwise required by applicable Law, all indemnification payments made pursuant to this <U>Section&nbsp;9.2</U> of this
Agreement shall be treated and reported as a non-taxable purchase price adjustment for all Tax purposes, and no party shall take any position inconsistent with such characterization. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.3 <U>Claims Procedure</U>. Except with respect to Third Party Claims covered by <U>Section&nbsp;9.4</U>, if (i)&nbsp;the
PrinceRidge Managers, acting on behalf of and for the benefit of any PrinceRidge Indemnified Party (in such capacity, the &#147;<U>PrinceRidge Claim Representatives</U>&#148;); or (ii)&nbsp;any IFMI Indemnified Party (collectively with the
PrinceRidge Claim Representatives, the &#147;<U>Indemnified Parties</U>&#148;) wish to make a claim for indemnification pursuant to this <U>Article 9</U>, such party shall give written notice to (A)&nbsp;in the event it is claiming indemnification
from the PrinceRidge Entities with respect to any Closing Date Claim, the PrinceRidge Claim Representatives, or (B)&nbsp;in any other cases, each Person from whom indemnification is being claimed (the PrinceRidge Entities or such person from whom
indemnification is being claimed, each an &#147;<U>Indemnifying Party</U>&#148;) promptly, and in any event no later than forty-five (45)&nbsp;calendar days (and if the forty-fifth day is not a Business Day, on the next successive Business Day)
after it acquires knowledge of the fact, event or circumstances giving rise to such claim. Promptly after written notice of a claim has been provided as set forth above (and in no event later than forty-five (45)&nbsp;calendar days (and if the
forty-fifth day is not a Business Day, on the next successive Business Day) after the Indemnified Party acquires knowledge of the fact, event or circumstances giving rise to a claim for a Loss), the Indemnified Party shall supply the Indemnifying
Party (or the PrinceRidge Claim Representatives, in the event the Indemnifying Party is a PrinceRidge Entity and the claim is a Closing Date Claim) with such information and documents as it has in its possession regarding such claim, together with
all pertinent information in its possession regarding the amount of the Loss that it asserts it has sustained or incurred, and will permit the Indemnifying Party to inspect such other records and books in the possession of the Indemnified Party and
relating to the claim and asserted Loss as the Indemnifying Party shall reasonably request. The Indemnifying Party shall have a period of thirty (30)&nbsp;calendar days (and if the thirtieth day is not a Business Day, on the next successive Business
Day) after receipt by the Indemnifying Party of such notice and such evidence to either (i)&nbsp;agree to provide indemnification against the Loss to the Indemnified Party in accordance herewith or (ii)&nbsp;contest the provision of indemnification
for the Loss. If the Indemnifying Party does not agree to or contests the indemnification for the Loss within such 30-day period, then the Indemnifying Party shall be deemed not to have accepted the Loss and the PrinceRidge Entities, on the one
hand, and IFMI, on the other hand, shall negotiate in good faith to seek a resolution of such dispute and, if not resolved through negotiations, then such dispute will be resolved in accordance with <U>Section&nbsp;11.3</U> of this Agreement. If the
Indemnifying Party agrees to provide indemnification against the Loss within such 30-day period, then it shall, within ten (10)&nbsp;Business Days after such agreement, take all actions in its power to effect the transfer of Equity
</FONT></P>
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Interests in the PrinceRidge Entities or pay to the Indemnified Party the amount of the Loss that is payable pursuant to, and subject to the limitations set forth in, this Agreement.
Notwithstanding the specification of any periods for the giving of notice in this <U>Section&nbsp;9.3,</U> the failure by the Indemnified Party to deliver any such notice within such period shall not relieve the Indemnifying Party of its obligations
hereunder except to the extent the Indemnifying Party was prejudiced by such failure. Notwithstanding any other provision in this Agreement, the PrinceRidge Claim Representatives are authorized to represent the PrinceRidge Entities and take all
actions on behalf of the PrinceRidge Entities as Indemnified Parties or, solely with respect to Closing Date Claims, as Indemnifying Parties pursuant to this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.4 <U>Third Party Claims</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) If any Legal Proceeding is
instituted by a third party against an Indemnified Party (each, a &#147;<U>Third Party Claim</U>&#148;) with respect to which an Indemnified Party intends to claim indemnification under this <U>Article 9</U>, then such Indemnified Party shall give
written notice to each Indemnifying Party promptly (in the case of the PrinceRidge Entities, with respect to a Closing Date Claim, such notice being given to the PrinceRidge Claim Representatives), but in no event later than thirty
(30)&nbsp;calendar days (and if the thirtieth day is not a Business Day, on the next successive Business Day) after it has knowledge of the institution of such Legal Proceeding, and shall not make any admissions or acceptances. The Indemnified Party
shall supply the Indemnifying Party (or the PrinceRidge Claim Representatives, in the event the Indemnifying Party is a PrinceRidge Entity and the claim is a Closing Date Claim) with such information and documents as it has in its possession
regarding such claim, together with all pertinent information in its possession regarding the amount of the Loss that it asserts it has sustained or incurred, and will permit the Indemnifying Party to inspect such other records and books in the
possession of the Indemnified Party and relating to the Third Party Claim and asserted Loss as the Indemnifying Party shall reasonably request. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) Except as otherwise provided herein, the Indemnifying Party shall have the right to conduct and control, at its own expense, through counsel of its choosing, the defense of a Third Party Claim so long
as the Indemnifying Party notifies the Indemnified Party (in the case of the PrinceRidge Entities, with respect to a Closing Date Claim, such notice being given to the PrinceRidge Claim Representatives) that it has agreed to indemnify the
Indemnified Party (subject to any limitations on indemnification set forth herein) for any and all Losses arising out of or resulting from the Third Party Claim of which it is assuming the right to conduct and control the defense within twenty-five
(25)&nbsp;Business Days of its receipt of the initial notice of the Third Party Claim, and shall do so in good faith; <U>provided</U>, <U>however</U>, that the Indemnified Party may participate at its own expense, with counsel of its choosing, in
the defense of such third party action or suit although such Legal Proceeding shall be controlled by the Indemnifying Party. Notwithstanding the foregoing, in connection with any Third Party Claim as to which the Indemnified Party shall reasonably
conclude that, (i)&nbsp;there is a material conflict of interest between the Indemnifying Party and the Indemnified Party in the conduct of the defense of such Third Party Claim, (ii)&nbsp;there are specific defenses available to the Indemnified
Party which are different from or additional to those available to the Indemnifying Party and which could be materially adverse to the Indemnifying Party, or (iii)&nbsp;the Third Party Claims seeks an order, injunction or other equitable relief or
relief for other than money damages against the Indemnified Party, then the Indemnified Party shall have the right, at the expense of the </FONT></P>
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Indemnifying Party, to conduct and control, through counsel of its choosing, the defense of such Third Party Claim and shall do so in good faith; <U>provided</U>, <U>however</U>, that in each of
the forgoing cases the Indemnifying Party shall have the same right to participate in the defense, subject to the control of the Indemnified Party, at its own expense. Any party defending such Legal Proceeding shall in any event defend any such
matters vigorously and in good faith. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) The Indemnified Party and the Indemnifying Party shall in any case cooperate with
each other to the fullest extent possible in regard to all matters relating to the Third Party Claim, including corrective actions required by applicable Law, assertion of defenses, the determination, mitigation, negotiation and settlement of all
amounts, costs, actions, penalties, damages and the like related thereto, access to the books and records of the other parties, and, if necessary, providing the party controlling the defense of the Third Party Claim and its counsel with any powers
of attorney or other documents required to permit the party controlling the defense of the Third Party Claim and its counsel to act on behalf of the other party. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(d) Neither the Indemnified Party nor the Indemnifying Party shall settle any Third Party Claim without the consent of the other party (or, if such other party is a PrinceRidge Entity, and the Third Party
Claim is a Closing Date Claim, the PrinceRidge Claim Representatives), which consent shall not be unreasonably withheld, conditioned or delayed; <U>provided</U>, <U>however</U>, that if such settlement involves the payment of money only and the
release of the Third Party Claim and the Indemnified Party is completely indemnified therefor and nonetheless refuses to consent to such settlement, then the Indemnifying Party shall cease to be obligated for such Third Party Claim. Any compromise
or settlement of the Third Party Claim under this <U>Section&nbsp;9.4</U> shall include as an unconditional term thereof the giving by the claimant in question to the Indemnifying Party and the Indemnified Party of a release of all liabilities in
respect of such claims. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) Notwithstanding the specification of any periods for the giving of notice in this
<U>Section&nbsp;9.4</U>, the failure by the Indemnified Party to deliver any such notice within such period shall not relieve the Indemnifying Party of its obligations hereunder except to the extent the Indemnifying Party was prejudiced by such
failure. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.5 <U>Survival of Representations and Warranties</U>. (a)&nbsp;The representations and warranties
contained in <U>Section&nbsp;3.2</U>, <U>Section&nbsp;3.8</U>, <U>Section&nbsp;3.9</U>, <U>Section&nbsp;3.23</U>, <U>Section&nbsp;4.2</U> and <U>Section&nbsp;4.8</U> shall survive the Final Closing until the expiration of the applicable two year
indemnification period, (b)&nbsp;the representations and warranties contained in <U>Section&nbsp;3.11</U> and <U>Section&nbsp;4.11</U> shall survive the Final Closing until the earlier of ninety (90)&nbsp;calendar days after expiration of the
applicable statute of limitations or the expiration of the applicable two year indemnification period, and (c)&nbsp;all other representations and warranties of IFMI and the PrinceRidge Entities contained this Agreement shall survive the Final
Closing and shall remain in full force and effect until the date that is one hundred and eighty (180)&nbsp;calendar days following the Final Closing, it being understood and agreed that in the event notice of a claim for indemnification under this
<U>Section&nbsp;9.5</U> has been given (within the meaning of <U>Section&nbsp;11.12</U>) within the applicable survival period, the representations and warranties that are the subject of such indemnification claim shall survive solely with respect
to such claim until such time as such claim is finally resolved. </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.6 <U>Limitations on Liability</U>. None of the parties hereto shall have any
liability to the other party under any provision of this Agreement under any circumstances for punitive, consequential, special or incidental damages, lost profits or diminution in value relating to alleged breach of this Agreement or in connection
with the Transactions; <U>provided</U>, for the avoidance of doubt, that this <U>Section&nbsp;9.6</U> shall in no way abrogate the parties&#146; respective indemnification obligations pursuant to <U>Section&nbsp;9.1(a)(v)</U> and
<U>Section&nbsp;9.2(a)(iii)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.7 <U>Mitigation</U>. Each Indemnified Party acknowledges that it will be
subject to commercially reasonable mitigation obligations to the extent provided under applicable law. None of any Class&nbsp;A Partner and its Affiliates shall take any action that would subject the PrinceRidge Entities to regulation under the Bank
Holding Company Act of 1956, as amended. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.8 <U>Remedies Exclusive</U>. Each of the parties hereto understands
and agrees that, in the absence of fraud or willful misconduct, the indemnity provisions set forth in this <U>Article 9</U> are the sole and exclusive remedy of the PrinceRidge Indemnified Parties and the IFMI Indemnified Parties with respect to any
Losses that have been or may be suffered by a PrinceRidge Indemnified Party or an IFMI Indemnified Party in connection with the matters that are the subject of indemnification under <U>Section&nbsp;9.1</U> and <U>Section&nbsp;9.2</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.9 <U>Effect of Waiver of Condition</U>. Neither a PrinceRidge Indemnified Party&#146;s nor an IFMI&#146;s Indemnified
Party&#146;s right to indemnity pursuant to this <U>Article 9</U> shall be adversely affected by the waiver of a condition to the Interim Closing set forth in <U>Article 7</U> or the waiver of a condition to the Final Closing in <U>Article 8</U> by
either PrinceRidge Entities or IFMI unless such party makes clear by the terms of its waiver that it is foreclosing its right to indemnity with respect to the matter that is the subject of the waiver. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 10 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>TERMINATION OF AGREEMENT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;10.1 <U>Termination</U>. This Agreement may be terminated on or prior to the Interim Closing as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(a) by written consent of each of the parties hereto; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) at the election of any
of the parties hereto, if the Interim Closing Date shall not have occurred on or before the date that is sixty (60)&nbsp;days after the date hereof or the Final Closing shall not have occurred on or before November&nbsp;30, 2011. Notwithstanding the
foregoing, the right to terminate this Agreement under this <U>Section&nbsp;10.1(b)</U> shall not be available where the failure to consummate the Transactions is the result of a breach of this Agreement by the party seeking to terminate this
Agreement; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) at the election of any of the parties hereto, if consummation of the Transactions would violate any
non-appealable final Order of a Governmental Authority having competent jurisdiction; </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) at the election of IFMI, upon an inaccuracy or breach of any representation or warranty
on the part of either of the PrinceRidge Entities set forth in this Agreement or any of the Ancillary Agreements such that the conditions set forth in <U>Section&nbsp;7.2(a)</U> would not be satisfied; <U>provided</U>, <U>however</U>, that the
PrinceRidge Entities shall have 30 calendar days (and if the thirtieth day is not a Business Day, on the next successive Business Day) after written notice from IFMI of such inaccuracy or breach to cure such inaccuracy or breach, unless such
inaccuracy or breach is not curable by its nature; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) at the election of the PrinceRidge Entities, upon an inaccuracy or
breach of any representation or warranty on the part of IFMI set forth in this Agreement or any of the Ancillary Agreements such that the conditions set forth in <U>Section&nbsp;7.3(a)</U> would not be satisfied; <U>provided</U>, <U>however</U>,
that IFMI shall have 30 calendar days (and if the thirtieth day is not a Business Day, on the next successive Business Day) after written notice from the PrinceRidge Entities of such inaccuracy or breach to cure such inaccuracy or breach, unless
such inaccuracy or breach is not curable by its nature; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) at the election of the PrinceRidge Entities, in the event that a
judgment issued by Order of a Governmental Authority having competent jurisdiction over IFMI or any of its Affiliates in connection with any Legal Proceeding has been rendered against IFMI or any of its Affiliates in an amount in excess of Three
Million Dollars ($3,000,000); </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) at the election of IFMI, in the event that a judgment issued by Order of a Governmental
Authority having competent jurisdiction over the PrinceRidge Entities or any of their Affiliates in connection with any Legal Proceeding has been rendered against the PrinceRidge Entities or any of their Affiliates in an amount in excess of Three
Million Dollars ($3,000,000); or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) at the election of IFMI or the PrinceRidge Entities, in the event that: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) such other party or any of its respective Representatives or Affiliates has committed any act or omission constituting
(1)&nbsp;gross negligence, fraud or willful misconduct or (2)&nbsp;a material breach of any applicable securities Law, that, in each of (1)&nbsp;and (2), that a material adverse effect on the Transactions or the receipt of the benefits thereof or
would be reasonably expected to have a material adverse effect on such other party on or after the Interim Closing; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii)
such other party has been found by a court of competent jurisdiction or by the SEC, FINRA or any other Governmental Authority to have violated any material securities Law, which violation has a material adverse effect on the Transactions or the
receipt of the benefits thereof or would be reasonably expected to have a material adverse effect on such other party after the Interim Closing; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(iii) such other party has been charged with a felony (including the equivalent under any law or statute of any jurisdiction) or any crime involving fraud or moral turpitude; or </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) such other party has committed fraud in connection with the Transactions (each of clauses (i), (ii), (iii), and (iv), a
&#147;<U>Cause Termination Event</U>&#148;). </FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;10.2 <U>Procedure Upon Termination</U>. The termination of this Agreement shall
be effectuated by the delivery by the party terminating this Agreement to each other party of a written notice of such termination. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;10.3 <U>Effect of Termination</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Subject to
<U>Section&nbsp;10.3(b)</U>, if this Agreement is terminated in accordance with <U>Section&nbsp;10.1</U> hereof and the Transactions are not consummated, this Agreement shall become void and of no further force and effect and each party shall pay
all costs and expenses incident to its negotiation and preparation of this Agreement and to its performance and compliance with all agreements and conditions contained herein on its part to be performed or complied with, except that (i)&nbsp;the
provisions set forth in <U>Article 11</U> shall survive the termination of this Agreement and (ii)&nbsp;nothing in this Agreement shall relieve any party from liability to the extent that failure to satisfy the conditions of <U>Article 7</U> or
<U>Article 8</U> results from a breach of or default under any representation or warranty or covenant made by such party under this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(b) Upon the termination of this Agreement as a result of the occurrence of a Cause Termination Event, the breaching party shall be liable to the non-breaching parties for all costs and expenses incurred
by the non-breaching parties (including all legal, accounting, broker, finder and investment banker fees) relating to this Agreement, the negotiations leading up to this Agreement and the Transactions. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE 11 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>MISCELLANEOUS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.1 <U>Expenses</U>. Except as otherwise expressly set forth herein, each party hereto shall pay its own costs and expenses (including all legal, accounting, broker, finder and investment
banker fees) relating to this Agreement, the negotiations leading up to this Agreement and the Transactions, and, in the case of the PrinceRidge Entities, such costs and expenses shall be paid for prior to the Interim Closing Date or reserved for in
the calculation of the PrinceRidge Membership Equity and in the case of IFMI, CCCM shall not have been made liable for any such unpaid costs and expenses. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.2 <U>Governing Law</U>. THIS AGREEMENT, THE LEGAL RELATIONS BETWEEN THE PARTIES AND THE ADJUDICATION AND THE ENFORCEMENT THEREOF, SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN
ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED WHOLLY WITHIN THAT JURISDICTION. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.3 <U>Consent to Jurisdiction</U>. Each party hereto, by its execution hereof, (a)&nbsp;hereby irrevocably submits to the non-exclusive jurisdiction of the State Courts of the State of New
York, New York County or the United States District Court located in the State of New York, New York County, for the adjudication of any dispute hereunder of in connection herewith or with the Transactions, (b)&nbsp;hereby waives to the extent not
prohibited by applicable Law, and </FONT></P>
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agrees not to assert, by way of motion, as a defense or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property
is exempt or immune from attachment or execution, that any such action brought in one of the above-named courts should be dismissed on grounds of <I>forum non conveniens</I>, should be transferred to any court other than one of the above-named
courts, or should be stayed by reason of the pendency of some other proceeding in any other court other than one of the above-named courts, or that this Agreement or the subject matter hereof may not be enforced in or by such court, and
(c)&nbsp;hereby agrees not to commence any such action other than before one of the above-named courts nor to make any motion or take any other action seeking or intending to cause the transfer or removal of any such action to any court other than
one of the above-named courts whether on the grounds of <I>forum non conveniens</I> or otherwise. Each party hereto (i)&nbsp;consents to service of process in any such action in any manner permitted by New York law, (ii)&nbsp;agrees that service of
process made in accordance with clause (i)&nbsp;or made by registered or certified mail, return receipt requested, at its address specified pursuant to <U>Section&nbsp;11.12</U>, shall constitute good and valid service of process in any such action,
and (iii)&nbsp;waives and agrees not to assert (by way of motion, as a defense, or otherwise) in any such action any claim that service of process made in accordance with clause (i)&nbsp;or (ii)&nbsp;does not constitute good and valid service of
process. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.4 <U>Specific Performance</U>. Each party acknowledges that each party would not have an adequate
remedy at law for money damages in the event that any of the covenants hereunder have not been performed in accordance with their terms, and therefore agree that the other parties shall be entitled to seek specific enforcement of the terms hereof
with respect to any breach of this Agreement and any other equitable remedy to which such parties may be entitled. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.5 <U>Waiver of Jury Trial</U>. The parties each hereby waive trial by jury in any judicial proceeding involving, directly
or indirectly, any matters (whether sounding in tort, contract or otherwise) in any way arising out of, related to or connected with this Agreement or the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.6 <U>Binding Effect; Third Party Beneficiaries; Assignment</U>. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and
permitted assigns. Nothing in this Agreement is intended or shall be construed to confer upon any Person other than the parties hereto and their respective successors and permitted assigns any right, remedy or claim under or by reason of this
Agreement or any Ancillary Agreement or any part hereof or thereof; <U>provided</U>, that each of the PrinceRidge Class&nbsp;A Partners as of the date hereof is intended to be a third party beneficiary of this Agreement and each of the Ancillary
Agreements with respect to all such rights, benefits and privileges (including rights to indemnification) and shall be deemed to be a PrinceRidge Indemnified Party pursuant to <U>Section&nbsp;9.1</U> and shall have all of the rights, benefits and
privileges of the PrinceRidge Entities hereunder and thereunder and shall be entitled to enforce the terms of this Agreement and each of the Ancillary Agreements in the name of the PrinceRidge Entities or individually. This Agreement shall be
enforceable solely by the parties hereto and the third party beneficiaries. Without the prior written consent of the other parties hereto, this Agreement may not be assigned by any of the parties hereto and any purported assignment made without such
consent shall be null and void. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-73-
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.7 <U>Interpretation</U>. When a reference is made in this Agreement, to a
Section, Schedule or Annex, such reference shall be to a Section, Schedule or Annex of this Agreement unless otherwise indicated. The table of contents and headings contained in this Agreement are for reference purposes only and shall not affect in
any way the meaning or interpretation of this Agreement. The disclosure of any matter in the Schedules hereto shall be deemed to be a disclosure solely with respect to the section referenced thereby and any other section or subsection to which the
relevance of such item is readily apparent on the face of the disclosure. Unless the context of this Agreement otherwise requires, (i)&nbsp;words of any gender are deemed to include each other gender, (ii)&nbsp;words using singular or plural number
also include the plural or singular, respectively, (iii)&nbsp;the terms &#147;hereof&#148;, &#147;herein&#148;, &#147;hereby&#148;, &#147;hereto&#148;, and derivative or similar words refer to this entire Agreement, (iv)&nbsp;all references to
dollars or &#147;$&#148; shall be to United States dollars, (v)&nbsp;the words &#147;include&#148;, &#147;includes&#148; or &#147;including&#148; shall be deemed to be followed by &#147;without limitation&#148;. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.8 <U>Counterparts</U>. This Agreement may be executed in counterparts, each of which shall be deemed an original and each
of which shall constitute one and the same instrument. This Agreement may be executed by electronic (including portable document format) or facsimile signature. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.9 <U>Entire Agreement</U>. This Agreement, including the Schedules, Annexes, each of the Ancillary Agreements and the Confidentiality Agreement, any certificates and lists referred to
herein or therein and any other documents executed by the parties simultaneously herewith or pursuant thereto, and the covenants and other agreements set forth herein and therein, constitute the entire understanding and agreement of the parties
hereto with respect to the subject matter hereof and supersedes all other prior agreements and understandings, written or oral, between the parties with respect to such subject matter. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.10 <U>Severability</U>. If any provision of this Agreement, or the application thereof to any Person or circumstance, is
invalid or unenforceable in any jurisdiction, (a)&nbsp;a substitute and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable in such jurisdiction, the intent and purpose of their invalid or
unenforceable provision; and (b)&nbsp;the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability
of such provision affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.11 <U>Amendments and Waivers</U>. This Agreement may not be amended, altered or modified except by written instrument executed by each of the parties; <U>provided</U>, that after the
Interim Closing, any amendment shall also require the consent of the PrinceRidge Managers. The failure by any party hereto to enforce at any time any of the provisions of this Agreement shall in no way be construed to be a waiver of any such
provision nor in any way to affect the validity of this Agreement or any part hereof or the right of such party thereafter to enforce each and every such provision. No waiver of any breach of or non-compliance with this Agreement shall be held to be
a waiver of any other or subsequent breach or non-compliance. Any waiver made by any party hereto in connection with this Agreement shall not be valid unless agreed to in writing by such party. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-74-
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.12 <U>Notices</U>. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given when delivered by hand, or when sent by telecopier (with receipt confirmed); <U>provided</U>, that a copy is also sent by registered mail, return receipt requested, or by
courier addressed as follows (or to such other address as a party may designate by notice to the other): </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">If to IFMI:</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">IFMI, LLC</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">2929 Arch Street, 17th Floor</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Philadelphia PA, 19104-2870</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attn: Rachael Fink</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Telecopier:&nbsp;&nbsp;&nbsp;&nbsp;(866) 543-2907</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">with a copy to (which shall not constitute notice):</FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Duane Morris LLP</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">30 South 17</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2"> Street</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Philadelphia, PA 19103</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Darrick M. Mix, Esq.</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Telecopier:&nbsp;&nbsp;&nbsp;&nbsp;(215)&nbsp;405-2906</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">If to the PrinceRidge Entities:</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">c/o The PrinceRidge Group LLC</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">1633 Broadway</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">28th Floor</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, New York 10019</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attn: Jeffrey Silberman, Esq.</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Telecopier: (646)&nbsp;792-5604</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">with a copy to (which shall not constitute notice):</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schulte Roth&nbsp;&amp; Zabel LLP</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">919 Third Avenue</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, New York 10022</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;David Rosewater, Esq.</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Telecopier:&nbsp;&nbsp;&nbsp;&nbsp;(212) 593-5955</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">[Signature pages follow.] </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-75-
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed as of the day
and year first above written. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">IFMI, LLC</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ DANIEL G. COHEN</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Daniel G. Cohen</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman, CEO and CIO</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">PRINCERIDGE HOLDINGS LP</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge Partners LLC, its general partner</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ JOHN P. COSTAS</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:&nbsp;&nbsp;&nbsp;&nbsp;John P. Costas</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing Member</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ MICHAEL T. HUTCHINS</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:&nbsp;&nbsp;&nbsp;&nbsp;Michael T. Hutchins</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing Member</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">PRINCERIDGE PARTNERS LLC</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ JOHN P. COSTAS</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:&nbsp;&nbsp;&nbsp;&nbsp;John P. Costas</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing Member</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ MICHAEL T. HUTCHINS</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:&nbsp;&nbsp;&nbsp;&nbsp;Michael T. Hutchins</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing Member</FONT></TD></TR></TABLE></DIV>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Annex A </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>Definitions </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following terms shall have the respective meanings
ascribed to them below: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Accountant</U>&#148; has the meaning set forth in <U>Section&nbsp;2.7(h)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Adjustment Notice</U>&#148; has the meaning set forth in <U>Section&nbsp;2.8(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Advisers Act</U>&#148; means the Investment Advisers Act of 1940, as amended. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Affiliate</U>&#148; means, with respect to any Person, a Person that, directly or indirectly through one or more intermediaries,
controls, is controlled by, or is under common control with, the first Person. For purposes of this Agreement, the term &#147;<U>Affiliate</U>&#148; shall be deemed to include any Subsidiary of any Person. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Agency Securities</U>&#148; means any securities that are issued by Ginnie Mae, Fannie Mae, Freddie Mac or the Federal Home Loan
Banks and are secured by mortgage loans. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Agreement</U>&#148; has the meaning set forth in Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Ancillary Agreements</U>&#148; means each of (i)&nbsp;the Constituent Documents of the PrinceRidge Entities, as amended and
restated as of the Interim Closing; (ii)&nbsp;the Transaction Steps Plan attached in Annex D hereto; (iii)&nbsp;each of the Executive Agreements attached in Annex G hereto; (iv)&nbsp;the Reimbursement Agreement attached in Annex E hereto;
(v)&nbsp;each of the Supplementary Agreements, in the form attached in Annex F hereto; (vi)&nbsp;the Termination and Separation Agreement attached in Annex C hereto; and (vii)&nbsp;each of the Joinder Agreements, in the form attached in Annex H
hereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Assumed Contracts</U>&#148; has the meaning set forth in <U>Section&nbsp;2.3</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Assumed Liabilities</U>&#148; has the meaning set forth in <U>Section&nbsp;2.3</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Board</U>&#148; has the meaning set forth in the PrinceRidge GP LLC Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Business</U>&#148; means the business as currently conducted by IFMI, consisting of credit-related fixed income securities sales
and trading as well as new issue placements in corporate securitized products and advisory revenue and any equity derivative activities as represented by the Contributed Assets and Assumed Liabilities, as well as similar capital markets business
conducted through EuroDekania following the UK Clearance Date and specifically excluding any activities conducted through JVB Financial Holdings, L.L.C. and its Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Business Day</U>&#148; means any day that is not a Saturday, Sunday or other day on which banking institutions in New York, New York are authorized or required by Law or executive Order to close.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-1
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Business Liabilities</U>&#148; means, collectively, each of the Assumed Liabilities
and the CCCM Liabilities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>BVAL Prices</U>&#148; means market values published by Bloomberg Valuation Services.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Cause Termination Event</U>&#148; has the meaning set forth in <U>Section&nbsp;10.1(h)(iv)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM</U>&#148; has the meaning set forth in the Recitals. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Equity Interests</U>&#148; has the meaning set forth in <U>Section&nbsp;3.23(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Financial Statements</U>&#148; has the meaning set forth in <U>Section&nbsp;3.16(c)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Identified Securities</U>&#148; has the meaning set forth in <U>Section&nbsp;2.6(c)(ii)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Indemnified Liabilities</U>&#148; means those Liabilities of CCCM taken into account in determining the CCCM Membership
Equity (other than (i)&nbsp;the Retained Liabilities described in <U>Section&nbsp;2.4(c)</U> and (ii)&nbsp;any reimbursements pursuant to <U>Section&nbsp;5.13(b)</U> in excess of the amounts set forth on <U>Section&nbsp;5.13(a)</U> for each
Transferring Employee). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Liabilities</U>&#148; means all of the Liabilities of CCCM as of immediately prior to
the Interim Closing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Material Contracts</U>&#148; has the meaning set forth in <U>Section&nbsp;3.17(b)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Membership Equity</U>&#148; means a calculation of the membership equity of CCCM, calculated in the same manner
and presented in the same form and format as set forth on the balance sheet included in CCCM Financial Statements and prepared in accordance with GAAP. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Sale Period</U>&#148; has the meaning set forth in <U>Section&nbsp;2.6(c)(ii)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Securities</U>&#148; means each of the marketable securities positions, inclusive of any reserves or holdbacks relative thereto, whether or not held in accordance with GAAP, owned by CCCM,
exclusive of any equity derivatives activities, including any of the following: restricted cash supporting CCCM; investments trading; receivables under resale agreements; receivables from brokers, dealers and clearing agencies; prepaid assets
specifically related to CCCM; and any accrued interest or income receivable from the foregoing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Securities FMV
Statement</U>&#148; has the meaning set forth in <U>Section&nbsp;2.6(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Securities Related
Liabilities</U>&#148; means all of the Liabilities related to or incurred in connection with the CCCM Securities, including any of the following: payables to brokers, dealers and clearing agencies; trading securities sold, not yet purchased;
securities sold under agreement to repurchase; and any accrued interest payable on the foregoing, whether or not directly attributable to any of the individual CCCM Securities, an estimate of which will be provided by IFMI to PrinceRidge at least
two (2)&nbsp;Business Days prior to the Interim Closing Date. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-2
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CCCM Securities Valuation Statement</U>&#148; has the meaning set forth in
<U>Section&nbsp;2.5(a)(ii)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Class A Partner</U>&#148; has the meaning set forth in the in PrinceRidge LP
Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Closing Date Claim</U>&#148; means (i)&nbsp;claims pursuant to <U>Section&nbsp;9.2(a)(ii)</U> and
(ii)&nbsp;claims pursuant to <U>Section&nbsp;9.2(a)(iii)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CMA</U>&#148; means the Continuing Membership
Application of the PrinceRidge Group or CCCM, as applicable, filed with FINRA in accordance with FINRA Rule 1017(a)(4), in connection with the proposed change in control to be effectuated upon the consummation of the Transactions. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CMBS LOI</U>&#148; means the CMBS Loan Origination Program Agreement, dated as of January&nbsp;10, 2011, between Cohen Brothers,
LLC and FundCore Finance Group, LLC. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>CMBS Management</U>&#148; has the meaning set forth in
<U>Section&nbsp;5.12</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Code</U>&#148; means the Internal Revenue Code of 1986, as amended from time to time.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Company Tax Audit</U>&#148; has the meaning set forth in the PrinceRidge GP LLC Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Competing Business</U>&#148; means (i)&nbsp;any line of business engaged in by either of the PrinceRidge Entities or any of
their respective Subsidiaries as of the date hereof in which neither IFMI Parent nor any of its Subsidiaries is engaged as of the date hereof; (ii)&nbsp;any line of business that involves the purchase and sale of securities, underwriting the
issuance of securities or other investment banking and financial advisory services; or (iii)&nbsp;any line of business that competes in any way with the then-current business of the PrinceRidge Entities and their Subsidiaries, in each case, anywhere
in the United States of America or, following the UK Clearance Date and transfer of the UK Business to the UK Broker-Dealer, the rest of the world; <U>provided</U>, that (A)&nbsp;as of the date hereof, the business engaged in by JVB Financial
Holdings, LLC and its Subsidiaries (except for trading in trust preferred securities and collateralized debt obligations with institutional clients (in each case, unless otherwise mutually agreed to by IFMI and the PrinceRidge Managers)),
(B)&nbsp;equity derivatives activities and any line of business involving asset management and related advisory services, (C)&nbsp;the operation of the UK Business prior to the UK Clearance Date, (D)&nbsp;the business of Star Asia and any
obligations under the CMBS LOI, but excluding all other commercial mortgage lending business, and (E)&nbsp;any line of business entered into by IFMI or any of its Subsidiaries (other than the PrinceRidge Entities and their Subsidiaries) in which
none of the PrinceRidge Entities or their respective Subsidiaries is engaged at the time and the continuation of any such line of business, with the exception of a new line of business that the PrinceRidge Managers have formally proposed to the
Board in good faith that is able to be conducted by the PrinceRidge Entities and in which IFMI and its Subsidiaries are not engaged at the time, shall, in each case, be deemed not to be a Competing Business. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-3
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Competing Transaction</U>&#148; means: (i)&nbsp;with respect to the PrinceRidge
Entities (x)&nbsp;a potential transaction involving or that has as a purpose a sale, transfer or other disposition, directly or indirectly (including through an asset sale, lease, joint venture, equity sale, equity issuance, merger, plan of
reorganization, or similar transaction), of any newly-issued or outstanding capital stock, other equity interests, voting power of the PrinceRidge Entities or their respective Affiliates, or a material portion of the assets and properties of the
PrinceRidge Entities or their respective Affiliates, (y)&nbsp;any recapitalization, restructuring, liquidation, dissolution, amendment, refinancing, repayment (other than to the extent expressly required under Contracts as in effect on the date
hereof), or (z)&nbsp;any other transaction that would be inconsistent with or have any material adverse effect on the Transactions or the receipt of the benefits thereof, and (ii)&nbsp;with respect to IFMI, any sale of all or any material portion of
the Business or the UK Business or the issuance of any equity securities of any Involved Subsidiary (including without limitation CCCM), or securities exchangeable for or convertible into equity securities of any such entity, directly or indirectly
(including through an asset sale, lease, joint venture, equity sale, equity issuance, merger, plan of reorganization, or similar transaction), or any other transaction that would be inconsistent with or have any material adverse effect on the
Transactions or the receipt of the benefits thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Confidential Information</U>&#148; means with respect to any
party to this Agreement or any of its Affiliates and Representatives, any non-public information with respect to such party furnished by such party and Affiliates and its Representatives in connection with the Transactions, <U>provided</U>, that
with respect to any party the term &#147;<U>Confidential Information</U>&#148; does not include any such information that (x)&nbsp;becomes public knowledge other than by any action of any other party hereto or its Representatives in violation of
this Agreement or (y)&nbsp;is or was obtained by any other party hereto or its Representatives in a non-confidential manner from a third party not known by such other party to be under any confidentiality obligation relating to such information.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Confidentiality Agreement</U>&#148; means that certain letter agreement, dated as of November&nbsp;17, 2010, between
PrinceRidge and IFMI. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Consents</U>&#148; means all consents, notices, authorizations, novations, Orders, waivers,
approvals, licenses, accreditations, certificates, declarations or filings or expirations of waiting periods. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Constituent Documents</U>&#148; means, with respect to any Person that is a corporation, its articles or certificate of
incorporation or memorandum and articles of association, as the case may be, and bylaws, with respect to any Person that is a partnership, its certificate of partnership and partnership agreement, with respect to any Person that is a limited
liability company, its certificate of formation and limited liability company or operating agreement, with respect to any Person that is a trust or other entity, its declaration or agreement of trust or other constituent document, and with respect
to any other Person, its comparable organizational documents, in each case, as has been amended or restated. For the avoidance of doubt, the &#147;Constituent Documents&#148; of the PrinceRidge Entities shall be deemed to include any Supplementary
Agreements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-4
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Contract</U>&#148; means any binding oral or written contract, agreement,
indenture, note, bond, loan, instrument, lease, conditional sale contract, mortgage, license, franchise, insurance policy, commitment, understanding or other arrangement or agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Contributed Assets</U>&#148; has the meaning set forth in <U>Section&nbsp;2.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Contributed Assets Value</U>&#148; means the CCCM Membership Equity plus Contributed Cash, if any. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Contributed Cash</U>&#148; means an amount of cash equal to the Minimum Contributed Assets Value less the CCCM Membership
Equity. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Contribution</U>&#148; has the meaning set forth in Recitals. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Derivative Transactions</U>&#148; means any swap transaction, option, warrant, forward purchase or sale transaction, futures
transaction, cap transaction, floor transaction or collar transaction relating to one or more currencies, commodities, bonds, equity securities, loans, interest rates, prices, values, or other financial or non-financial assets, credit-related events
or conditions or any indexes, or any other similar transaction or combination of any of these transactions, including collateralized any debt or equity instruments evidencing or embedding any such types of transactions, and any related credit
support, collateral or other similar arrangements related to such transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Determined Contributed Assets
Value</U>&#148; has the meaning set forth in <U>Section 2.8(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Dispute Notice</U>&#148; has the meaning set
forth in <U>Section&nbsp;2.7(d)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Eligible Securities</U>&#148; means each of the marketable securities
positions, inclusive of any reserves or holdbacks relative thereto, whether or not held in accordance with GAAP, owned (a)&nbsp;by CCCM, exclusive of those associated with any equity derivatives activities, on the one hand or (b)&nbsp;the
PrinceRidge Entities or their Subsidiaries, on the other Hand, in each case that are classified as (A)&nbsp;&#147;investments trading,&#148; (B)&nbsp;&#147;trading securities sold, not yet purchased,&#148; and (C)&nbsp;loans. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Equity Interest</U>&#148; means any type of equity ownership in an entity, including partnership interests in a general
partnership or limited partnership, membership interests in a limited liability company, stock or similar security in a corporation or the comparable instruments for any other entity or any other interest entitling the holder thereof to participate
in distributions, including of the income or profits of such entity or to vote for the governing body of such entity. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>ERISA</U>&#148; means the Employee Income Security Act of 1974, as amended from time to time. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-5
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Estimated Closing PrinceRidge Membership Equity</U>&#148; has the meaning set forth
in<U> Section&nbsp;7.2(f)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Estimated Contributed Assets Value</U>&#148; has the meaning set forth in
<U>Section&nbsp;2.5(a)(ii)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Estimated PrinceRidge Membership Equity</U>&#148; has the meaning set forth in
<U>Section&nbsp;2.5(a)(i)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>EuroDekania</U>&#148; means EuroDekania Management Limited. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Exchange Act</U>&#148; means the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations
thereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Excluded Assets</U>&#148; has the meaning set forth in <U>Section&nbsp;2.2</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Excluded Properties</U>&#148; means the IFMI Leased Real Property located at 2929 Arch Street, 17th Floor, Philadelphia,
Pennsylvania 19104-2870 and 135 E 57th St., 21st Floor, New York, NY 10022. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Executive Agreements</U>&#148; means,
collectively, each Executive Agreement, dated as of the Interim Closing Date, between the PrinceRidge Group and each of the Key Employees. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>FCPA</U>&#148; means the Foreign Corrupt Practices Act of 1977, as amended from time to time and the rules and regulations promulgated thereunder. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Final Calculations</U>&#148; has the meaning set forth in <U>Section&nbsp;2.7(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Final Contributed Assets Value</U>&#148; has the meaning set forth in <U>Section&nbsp;2.7(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Final Closing</U>&#148; has the meaning set forth in <U>Section&nbsp;2.13(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Final Closing Date</U>&#148; has the meaning set forth in <U>Section&nbsp;2.13(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Final CCCM Membership Equity</U>&#148; has the meaning set forth in <U>Section&nbsp;2.7(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Final PrinceRidge Membership Equity</U>&#148; has the meaning set forth in <U>Section&nbsp;2.7(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Final PrinceRidge Securities Value</U>&#148; has the meaning set forth in <U>Section&nbsp;2.7(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>FINRA</U>&#148; means the Financial Industry Regulatory Authority, Inc. or any successor agency thereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>FMV Statement</U>&#148; means either or both of the CCCM Securities FMV Statement and the PrinceRidge Securities FMV Statement,
as applicable by the context. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Form 8-K</U>&#148; has the meaning set forth in <U>Section&nbsp;5.5(a)</U>.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-6
</FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Form ADV</U>&#148; has the meaning set forth in <U>Section&nbsp;3.6(f)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>FSA</U>&#148; means the Financial Services Authority or any successor entity thereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>FSA Rules</U>&#148; means the FSA handbook of rules and guidance, as amended from time to time. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>GAAP</U>&#148; means, with respect to any period, U.S. generally accepted accounting principles and practices as in effect for
such period. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Governmental Approvals</U>&#148; means all Consents of a Governmental Authority required in connection
with the Transactions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Governmental Authority</U>&#148; means any nation or government, any state, country or other
political subdivision thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any governmental authority, agency, department, board, commission or
instrumentality of the United States of America, any governmental authority, agency, department, board, commission or instrumentality of any other jurisdiction, any State of the United States of America or any political subdivision thereof, and any
court, tribunal or arbitrator(s) of competent jurisdiction, and any Self-Regulatory Organization. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Identified
Securities</U>&#148; has the meaning set forth in <U>Section&nbsp;2.6(c)(ii)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI</U>&#148; has the meaning set
forth in Preamble. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Benefit Plans</U>&#148; means all &#147;employee benefit plans&#148; (within the meaning of
Section&nbsp;3(3) of ERISA, including multiemployer plans within the meaning of Section&nbsp;3(37) of ERISA), and all equity purchase, equity option, severance, employment, change-in-control, fringe benefit, bonus, incentive, deferred compensation
(including nonqualified deferred compensation), employee loan and all other employee benefit plans, agreements, programs, policies or other arrangements, whether or not subject to ERISA (including any funding mechanism therefor now in effect or
required in the future as a result of the Transactions or otherwise) under which (i)&nbsp;any current or former employee, director or consultant of IFMI or its Affiliates has any present or future right to benefits and which are contributed to,
maintained or sponsored by IFMI or its Affiliates or (ii)&nbsp;IFMI or its Affiliates have had or have any present or future liability. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Disclosure Schedule</U>&#148; has the meaning set forth in <U>Article 3</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Equity Interest Calculation</U>&#148; has the meaning set forth in <U>Section&nbsp;2.5(c)(i)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Equity Interests</U>&#148; means the Equity Interests owned by IFMI as a result of the Transaction in each of PrinceRidge and PrinceRidge GP, to which IFMI Equity Interests shall attach all
the rights and privileges set forth with respect to such IFMI Equity Interests in the Constituent Documents of each of the PrinceRidge Entities, as amended and restated pursuant to this Agreement. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-7
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Financial Statements</U>&#148; has the meaning set forth in
<U>Section&nbsp;3.16(c)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Indemnified Parties</U>&#148; has the meaning set forth in
<U>Section&nbsp;9.2(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Leased Real Property</U>&#148; has the meaning set forth in
<U>Section&nbsp;3.14</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Material Adverse Effect</U>&#148; means any change, circumstance, event, state of
facts, development or effect which, individually or in the aggregate (x)&nbsp;has had or would reasonably be expected to have a material adverse effect on the condition (financial or otherwise) or results of operations of CCCM, the Business, the
Contributed Assets or the Business Liabilities; or (y)&nbsp;impairs or could reasonably be expected to impair in any material respect the ability of IFMI or CCCM to consummate the Transactions or to perform its obligations under this Agreement;
<U>provided</U>, <U>however</U>, that that any such effect resulting or arising from or relating to any of the following shall not constitute or be deemed to contribute to an IFMI Material Adverse Effect, and otherwise shall not be taken into
account in determining whether an IFMI Material Adverse Effect has occurred or would reasonably be expected to occur: (i)&nbsp;any adverse change in the United States of America or world economy or in United States of America or global financial
market conditions (including changes in interest or exchange rates or prices of securities generally); (ii)&nbsp;any adverse change in the general political conditions in the United States of America or worldwide; (iii)&nbsp;changes in legal or
regulatory conditions to the extent generally affecting the industry in which IFMI operates; or (iv)&nbsp;earthquakes, hostilities, acts of war, sabotage or terrorism or military actions or any escalation or material worsening of any such
hostilities, acts of war, sabotage or terrorism or military actions existing or underway as of the date hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI
Parent</U>&#148; means Institutional Financial Markets, Inc. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Parent Financial Statements</U>&#148; has the
meaning set forth in <U>Section&nbsp;3.16(b)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Percentage</U>&#148; means (a)&nbsp;the Contributed Assets
Value divided by (b)&nbsp;(A)&nbsp;the Contributed Assets Value plus (B)&nbsp;the PrinceRidge Membership Equity. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Real Property Leases</U>&#148; has the meaning set forth in <U>Section&nbsp;3.14</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Redirected Amount</U>&#148; has the meaning set forth in <U>Section&nbsp;9.2(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>IFMI Retained Restricted Stock</U>&#148; has the meaning set forth in <U>Section&nbsp;5.13(e)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Indebtedness</U>&#148; means indebtedness of any Person at any date of determination, including, without duplication,
(a)&nbsp;all indebtedness of such Person for borrowed money, (b)&nbsp;all obligations of such Person for the deferred and unpaid purchase price of property or services, including any earn-out obligations (other than trade payables and accrued
current Liabilities incurred in the ordinary course of such Person&#146;s business consistent with past practice, (c)&nbsp;all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d)&nbsp;all obligations of
such Person created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default
are limited to </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-8
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repossession or sale of such property), (e)&nbsp;all obligations of such Person as lessee under capitalized leases and synthetic leases, (f)&nbsp;all obligations of such Person under acceptances,
letters of credit or similar facilities (other than undrawn documentary letters of credit entered into in the ordinary course of business in connection with purchases of inventory), (g)&nbsp;all obligations of such Person to redeem, purchase,
retire, defease or otherwise make any payments in respect of any Equity Interests in such Person or any other Person or any warrants, rights or options to acquire such Equity Interests (in each case, pursuant to the terms of such Equity Interests)
if the failure to pay such monetary obligations allows the holders of such Equity Interests to exercise remedies or additional rights against such Person (valued, in the case of any redeemable preferred Equity Interest, at the greater of its
voluntary or involuntary liquidation preference plus accrued and unpaid dividends), (h)&nbsp;all obligations of such Person in respect of interest rate hedge agreements (as such obligations are valued therein), (i)&nbsp;all contingent obligations of
such Person to the extent such obligation, if not contingent, would constitute Indebtedness hereunder, (j)&nbsp;all bank overdrafts, (k)&nbsp;all obligations pursuant to any Contract with any favor of receivables, (l)&nbsp;all notes payable and
drafts accepted representing extensions of credit whether or not representing obligations for borrowed money (but in any case excluding trade and other accounts payable in the ordinary course of business), (m)&nbsp;the direct or indirect guarantee,
endorsement (other than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse of the obligation of another; (n)&nbsp;any obligation the primary purpose or intent of which is to
provide assurance to an obligee of Indebtedness of another that the obligation of the obligor thereof will be protected (in whole or in part) against loss in respect thereof; and (o)&nbsp;all indebtedness and other payment obligations referred to in
clauses (a)&nbsp;through (n)&nbsp;above of another Person secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise) to be secured by) any Lien on property or assets (including accounts and contract
rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such indebtedness or other payment obligations but only to the extent of the value of the property subject to such Lien. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Indemnified Party</U>&#148; has the meaning set forth in <U>Section&nbsp;9.3</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Indemnifying Party</U>&#148; has the meaning set forth in <U>Section&nbsp;9.3</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Intellectual Property</U>&#148; means any of the following which is material to the business, as applicable: all material
patents, patent applications, trademarks, copyrights, copyright registrations and applications for registration thereof, internet domain names and universal resource locators (URLs), trade secrets, inventions (whether or not patentable), invention
disclosures, moral and economic rights of authors and inventors (however denominated), technical data, customer lists, know-how, show-how, maskworks, formulae, methods (whether or not patentable), designs, processes, procedures, technology, source
codes, object codes, computer software programs, databases, data collectors and other proprietary information or material of any type, whether written or unwritten (and all good will associated with, and all derivatives, improvements and refinements
of, any of the foregoing). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Interim Closing</U>&#148; has the meaning set forth in <U>Section&nbsp;2.9(a)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Interim Closing Date</U>&#148; has the meaning set forth in <U>Section&nbsp;2.9(a)</U>. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-9
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Investment Company Act</U>&#148; means the Investment Company Act of 1940, as
amended. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Involved Subsidiaries</U>&#148; means CCCM and Cohen Securities Funding, LLC. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Joinder Agreements</U>&#148; has the meaning set forth in the PrinceRidge GP LLC Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Key Employees</U>&#148; means each of Ahmed A. Alali, Daniel G. Cohen, John P. Costas, Colette C. Dow, Ronald J. Garner, Michael
T. Hutchins and Matthew G. Johnson. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Laws</U>&#148; means all laws, statutes, common law ordinances, codes, rules,
regulations, Orders, decrees, judgments, court decisions, writs, injunctions, consent decrees, rulings, binding policies, executive Orders, and other pronouncements by or requirements of a Governmental Authority having the force or effect of law,
including the common law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Legal Proceeding</U>&#148; means any judicial, administrative or arbitral actions, suits,
proceedings (public or private), Wells notification, investigation, audit, review, hearing or claims or any proceedings by or before any Person or Governmental Authority. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Liabilities</U>&#148; means any and all debts, liabilities, commitments and obligations of any kind or nature whatsoever, whether fixed, contingent or absolute, matured or unmatured, liquidated
or unliquidated, accrued or not accrued, contingent, asserted or not asserted, known or unknown, determined, determinable or otherwise, whenever or however arising (including, whether arising out of any contract or tort, based on negligence or
strict liability) and whether or not the same would be required by GAAP to be reflected in financial statements or disclosed in the notes thereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Liens</U>&#148; means all liens, pledges, security interests, charges, encumbrances, equities, options, rights of first or last negotiation, offer or refusal, whether arising by agreement,
operation of Law or otherwise. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Losses</U>&#148; means any losses, Liabilities damages, deficiencies, fines, expenses
or claims (including reasonable attorneys&#146; fees and other reasonable costs and expenses arising out of any claim, or the defense, settlement or investigation thereof, made with respect to any of the foregoing). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Management Interests</U>&#148; means (a)&nbsp;the number of Equity Interests equal to ten percent (10%)&nbsp;of the Equity
Interests in PrinceRidge GP held by each of Ahmed A. Alali, Ronald J. Garner and Matthew G. Johnson and (b)&nbsp;the number of Equity Interests equal to ten percent (10%)&nbsp;of the Equity Interests in PrinceRidge held by Ahmed A. Alali, Ronald J.
Garner and Matthew G. Johnson, in each case, as of the date hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Members</U>&#148; has the meaning set forth in
the PrinceRidge GP LLC Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Minimum Contributed Assets Value</U>&#148; means Forty Five Million Dollars
($45,000,000). </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-10
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Notice Period</U>&#148; has the meaning set forth in <U>Section&nbsp;2.7(d)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Original PR LP Partner</U>&#148; has the meaning set forth in <U>Section&nbsp;9.1(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Original PR GP Member</U>&#148; has the meaning set forth in <U>Section&nbsp;9.1(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Original PR Parties</U>&#148; has the meaning set forth in <U>Section 9.1(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Order</U>&#148; means any writ, judgment, decree, injunction, stipulation, determination or award or similar order of any
Governmental Authority. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Partners</U>&#148; has the meaning set forth in the PrinceRidge LP Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Partnership Tax Audit</U>&#148; has the meaning set forth in the PrinceRidge LP Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Permits</U>&#148; means any approvals, authorizations, consents, licenses, permits, or certificates of a Governmental Authority.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Permitted Liens</U>&#148; means (a)&nbsp;Liens arising by operation of Law with respect to current Taxes not yet due
and payable or being contested in good faith by appropriate proceedings and for which the applicable Person has established adequate reserves in accordance with GAAP, (b)&nbsp;mechanics&#146; Liens and similar Liens for labor, materials, services or
supplies incurred in the ordinary course of business for amounts which are not delinquent or which are being contested in good faith by appropriate proceedings, (c)&nbsp;Liens arising as a result of sale and repurchase transactions, and
(d)&nbsp;such other imperfections in title, charges, easements, restrictions and encumbrances as would not, individually or in the aggregate, reasonably be expected to materially impair the use by PrinceRidge of the Contributed Assets. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Pershing Prices</U>&#148; means market values published at the close of business by Pershing LLC in its &#147;holdings by
account type&#148; report. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Person</U>&#148; means any individual, partnership, firm, corporation, limited liability
company, association, trust, unincorporated organization or other entity, as well as any syndicate or group that would be deemed to be a person under Section&nbsp;13(d)(3) of the Exchange Act. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Post-Interim Closing Tax Period</U>&#148; means any taxable period (or portion thereof) beginning after the Interim Closing
Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PR Material Contracts</U>&#148; has the meaning set forth in <U>Section&nbsp;4.17(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Pre-Closing Company Tax Audit</U>&#148; has the meaning set forth in <U>Section&nbsp;5.10(d)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Pre-Closing Partnership Tax Audit</U>&#148; has the meaning set forth in <U>Section&nbsp;5.10(d)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Pre-Interim Closing Tax Period</U>&#148; means (i)&nbsp;any taxable period ending on or before the Interim Closing Date and
(ii)&nbsp;with respect to a taxable period that commences on or before but ends after the Interim Closing Date, the portion of such period up to and including the Interim Closing Date. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-11
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge</U>&#148; has the meaning set forth in Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge 2009 Financials</U>&#148; has the meaning set forth in <U>Section&nbsp;4.16(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge 2010 Financials</U>&#148; has the meaning set forth in <U>Section&nbsp;4.16(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Audited Financial Statements</U>&#148; has the meaning set forth in <U>Section&nbsp;4.16(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Benefit Plans</U>&#148; means all &#147;employee benefit plans&#148; (within the meaning of Section&nbsp;3(3) of
ERISA, including multiemployer plans within the meaning of Section&nbsp;3(37) of ERISA), and all equity purchase, equity option, severance, employment, change-in-control, fringe benefit, bonus, incentive, deferred compensation (including
nonqualified deferred compensation), employee loan and all other employee benefit plans, agreements, programs, policies or other arrangements, whether or not subject to ERISA (including any funding mechanism therefor now in effect or required in the
future as a result of the Transactions or otherwise) under which (i)&nbsp;any current or former employee, director or consultant of the PrinceRidge Group or its Affiliates has any present or future right to benefits and which are contributed to,
maintained or sponsored by the PrinceRidge Group or its Affiliates or (ii)&nbsp;the PrinceRidge Group or its Affiliates have had or have any present or future liability. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Claim Representatives</U>&#148; has the meaning set forth in <U>Section&nbsp;9.3</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Class&nbsp;A Partners</U>&#148; means any or all of Ahmed A. Alali, John P. Costas, Colette C. Dow, Ronald J. Garner, Michael T. Hutchins and Matthew G. Johnson. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Disclosure Schedule</U>&#148; has the meaning set forth in <U>Article 4</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Entities</U>&#148; has the meaning set forth in Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Financial Statements</U>&#148; has the meaning set forth in <U>Section&nbsp;4.16(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge GP</U>&#148; has the meaning set forth in Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge GP LLC Agreement</U>&#148; means the Fourth Amended and Restated Limited Liability Company Agreement of PrinceRidge
Partners LLC as set forth in <U>Annex B-I</U> attached hereto, as amended and restated pursuant to this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Group</U>&#148; means The PrinceRidge Group LLC, a Delaware limited liability company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Identified Securities</U>&#148; has the meaning set forth in <U>Section&nbsp;2.6(c)(i)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Indemnified Parties</U>&#148; has the meaning set forth in <U>Section&nbsp;9.1(a)</U>. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-12
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Interim Financial Statements</U>&#148; has the meaning set forth in
<U>Section&nbsp;4.16(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Leased Real Property</U>&#148; has the meaning set forth in
<U>Section&nbsp;4.14</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge LP Agreement</U>&#148; means the Fourth Amended and Restated Limited
Partnership Agreement of PrinceRidge Holdings LP, as set forth in <U>Annex B-II</U> attached hereto, as amended and restated pursuant to this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Managers</U>&#148; has the meaning set forth in the PrinceRidge GP LLC Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Material Adverse Effect</U>&#148; means any change, circumstance, event, state of facts, development or effect which, individually or in the aggregate, (x)&nbsp;has had or would
reasonably be expected to have a material adverse effect on the condition (financial or otherwise), business, prospects or results of operations of the PrinceRidge Entities and their Affiliates; or (y)&nbsp;impairs or could reasonably be expected to
impair in any material respect the ability of either of the PrinceRidge Entities to consummate the Transactions or to perform its obligations under this Agreement; <U>provided</U>, <U>however</U>, that that any such effect resulting or arising from
or relating to any of the following shall not constitute or be deemed to contribute to a PrinceRidge Material Adverse Effect, and otherwise shall not be taken into account in determining whether a PrinceRidge Material Adverse Effect has occurred or
would reasonably be expected to occur: (i)&nbsp;any adverse change in the United States of America or world economy or in United States of America or global financial market conditions (including changes in interest or exchange rates or prices of
securities generally); (ii)&nbsp;any adverse change in the general political conditions in the United States of America or worldwide; (iii)&nbsp;changes in legal or regulatory conditions to the extent generally affecting the industry in which either
of the PrinceRidge Entities operates; or (iv)&nbsp;earthquakes, hostilities, acts of war, sabotage or terrorism or military actions or any escalation or material worsening of any such hostilities, acts of war, sabotage or terrorism or military
actions existing or underway as of the date hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Member</U>&#148; has the meaning set forth in
<U>Section&nbsp;5.10(d)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Membership Equity</U>&#148; has the meaning set forth in
<U>Section&nbsp;2.5(a)(i)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Percentage</U>&#148; means (a)&nbsp;the PrinceRidge Membership Equity
<U>divided by</U> (b)&nbsp;(i)&nbsp;the Contributed Assets Value <U>plus</U> (ii)&nbsp;the PrinceRidge Membership Equity. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Real Property Leases</U>&#148; has the meaning set forth in <U>Section&nbsp;4.14</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Redirected Amount</U>&#148; has the meaning set forth in <U>Section&nbsp;9.1(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Representative</U>&#148; means any PrinceRidge Class&nbsp;A Partner or employee of PrinceRidge appointed by John
Costas or Michael Hutchins, or such person designated by him in a notice to IFMI. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Sale Period</U>&#148;
has the meaning set forth in <U>Section&nbsp;2.6(c)(i)</U>. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-13
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge SEC Financial Statements</U>&#148; has the meaning set forth in
<U>Section&nbsp;5.11(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Securities</U>&#148; means, as of any date, each of the marketable
securities positions, inclusive of any reserves or holdbacks relative thereto, whether or not held in accordance with GAAP, owned by the PrinceRidge Entities or their Subsidiaries. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Securities FMV Statement</U>&#148; has the meaning set forth in <U>Section&nbsp;2.6(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>PrinceRidge Securities Valuation Statement</U>&#148; has the meaning set forth in <U>Section 2.5(a)(i).</U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Recalculated IFMI Equity Interest Calculation</U>&#148; has the meaning set forth in <U>Section&nbsp;2.8(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Reimbursement Agreement</U>&#148; has the meaning set forth in <U>Section&nbsp;6.3</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Representatives</U>&#148; means, with respect to any Person, such Person&#146;s partners, members, shareholders, directors,
officers, managers, employees, agents, advisers or other representatives. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Restricted Stock</U>&#148; has the meaning
set forth in <U>Section&nbsp;5.13(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Retained Liabilities</U>&#148; has the meaning set forth in
<U>Section&nbsp;2.4</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>SEC</U>&#148; means the U.S. Securities and Exchange Commission or any successor agency
thereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>SEC Reports</U>&#148; has the meaning set forth in <U>Section&nbsp;3.16(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Securities Act</U>&#148; means the Securities Act of 1933, as amended from time to time, and the rules and regulations
thereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Self-Regulatory Organization</U>&#148; means each national securities exchange in the United States of
America or other commission, board, agency or body that is charged with the supervision or regulation of brokers, dealers, securities underwriting or trading, stock exchanges, commodities exchanges, insurance companies or agents, investment
companies or investment advisers, or to the jurisdiction of which either party or any of their respective Subsidiaries is otherwise subject. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Shared IFMI Employee</U>&#148; has the meaning set forth in <U>Section&nbsp;6.3</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Subsequent Event</U>&#148; has the meaning set forth in <U>Section&nbsp;5.3(a)(iv)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Subsidiary</U>&#148; means any Person (i)&nbsp;of which more than fifty percent (50%)&nbsp;of the voting Equity Interests is beneficially owned by another Person directly or indirectly through
one or more other Persons or (ii)&nbsp;whose business and policies another Person, directly or indirectly through one or more other Persons, has the power to direct. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-14
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Suggested Securities</U>&#148; has the meaning set forth in
<U>Section&nbsp;2.6(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Supplementary Agreement</U>&#148; has the meaning set forth in the PrinceRidge GP LLC
Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Target Adjustment Amount</U>&#148; has the meaning set forth in <U>Section&nbsp;2.8(a)(ii)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Tax Returns</U>&#148; means U.S. federal and state, local and foreign returns, reports, statements and forms
(including elections, declarations, amendments, schedules, information returns and attachments thereto). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Taxes</U>&#148; means all federal, state, local and foreign taxes, charges, fees, imposts, levies or other assessments,
including all income, estimated, profits, franchise, receipts, capital, sales, use, withholding, alternative minimum, ad valorem, inventory, payroll, employment, social security, unemployment, customs duties, value added, property, transfer, stamp,
severance, excise, registration, windfall profits and other similar Taxes and governmental charges, including related interest, penalties, fines and additions to Tax. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Termination and Separation Agreement</U>&#148; means the Termination and Separation Agreement as set forth in <U>Annex C</U> attached hereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Third Party Claim</U>&#148; has the meaning set forth in <U>Section&nbsp;9.4(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Third Party Consents</U>&#148; means, with respect to any Person, all Consents or waivers from or notices to any party (other
than a Governmental Authority) to any material Contract to which such Person is a party or by which any substantial part of their respective properties is bound. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Transaction Steps Plan</U>&#148; means the pre-Interim Closing actions set forth on <U>Annex D</U> hereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Transactions</U>&#148; means the Contribution, the issuance of the IFMI Equity Interests and all other transactions contemplated by this Agreement and the Ancillary Agreements. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Transfer Taxes</U>&#148; has the meaning set forth in <U>Section&nbsp;5.10(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Transferring Employee Compensation</U>&#148; means, with respect to each Transferring Employee, (i)&nbsp;any compensation
(including any deferred compensation and bonuses) owed to such Transferring Employee during the period beginning on the date on which such Transferring Employee commenced employment with IFMI or its Subsidiaries and ending on the Interim Closing
Date that has been earned by such Transferring Employee under any Contract or IFMI Benefit Plan to which such Transferring Employee is a party and (ii)&nbsp;any Taxes due with respect to such Transferring Employee the date on which such Transferring
Employee commenced employment with IFMI or its Subsidiaries and ending on the Interim Closing Date that are associated therewith, in each instance, that are not included in the CCCM Financial Statements. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-15
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Transferring Employees</U>&#148; has the meaning set forth in
<U>Section&nbsp;6.1(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Treasury Regulations</U>&#148; means the final, temporary and/or proposed regulations
issued under the Code by the U.S. Department of the Treasury. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>UK Broker-Dealer</U>&#148; has the meaning set forth
in <U>Section&nbsp;5.6(b)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>UK Business</U>&#148; has the meaning set forth in <U>Section&nbsp;5.6(c)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>UK Clearance Date</U>&#148; has the meaning set forth in <U>Section&nbsp;5.6(c)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>UK Employees</U>&#148; has the meaning set forth in <U>Section&nbsp;5.6(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Units</U>&#148; has the meaning set forth in the PrinceRidge GP LLC Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Valuation CCCM Securities</U>&#148; has the meaning set forth in <U>Section 2.5(a)(ii).</U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<U>Valuation PrinceRidge Securities</U>&#148; has the meaning set forth in <U>Section&nbsp;2.5(a)(i)</U>. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">A-16
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<TYPE>EX-99.1
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<DESCRIPTION>PRESS RELEASE
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT 99.1 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
 <P STYLE="margin-top:16px;margin-bottom:0px">

<IMG SRC="g177780image002.jpg" ALT="LOGO"> </P>
 <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>IFMI ANNOUNCES $45 MILLION
INVESTMENT IN </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>PRINCERIDGE HOLDINGS </B></FONT></P> <P STYLE="margin-top:10px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>PrinceRidge Management Team to Continue in Leadership Roles </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Philadelphia and New York,
April&nbsp;19, 2011 &#150;</B> Institutional Financial Markets, Inc. (NYSE AMEX: IFMI) (&#147;IFMI&#148;) today announced it has entered into an agreement with PrinceRidge Holdings LP (&#147;PrinceRidge&#148;), under which IFMI will contribute the
equity interests in a subsidiary comprising a substantial part of its capital markets segment to PrinceRidge in exchange for a majority equity interest in PrinceRidge. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge, a New York-based financial services firm led by John P. Costas, Chairman, and Michael T. Hutchins, Chief Executive Officer, is comprised of a sales and trading group specializing in
structured products and corporate credit, and an investment banking group concentrated on corporate finance. Prior to joining PrinceRidge, Mr.&nbsp;Costas held a variety of positions with UBS, including Deputy CEO of UBS A.G., Chairman and CEO of
UBS Investment Bank, and Chairman and CEO of Dillon Read Capital Management LLC. Mr.&nbsp;Hutchins also held various positions with UBS prior to founding PrinceRidge. While at UBS he was Global Head of the Fixed Income Rates&nbsp;&amp; Currencies
Group at UBS Investment Bank, and, most recently, he was President of Dillon Read Capital Management LLC. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;We are very excited to be a
part of the new PrinceRidge. With PrinceRidge&#146;s leadership and combined businesses, we will increase our capital base and effectively double our team of capital markets professionals,&#148; said Daniel G. Cohen, Chairman and Chief Executive
Officer of IFMI. &#147;In addition, we will expand our financial resources and enhance our ability to attract and retain top talent. PrinceRidge has an experienced team with a proven track record of success and we look forward to working with them
to create value for IFMI&#146;s shareholders.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;IFMI shares our commitment to professionalism and integrity, and we are excited to
work with their team to drive increased returns for our combined client base,&#148; said Mr.&nbsp;Costas, Chairman of PrinceRidge. &#147;This transaction brings together two highly complementary platforms. We believe the combination gives both our
colleagues and business partners a great opportunity to expand our business going forward.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The total book value of the equity interests
and cash to be contributed by IFMI to PrinceRidge is $45 million. JVB Financial Group, LLC, which was recently acquired by IFMI, is not included in the transaction. JVB operates as an investment firm specializing in the wholesale distribution of
fixed income securities such as CDs, MBS, agency securities, corporates, municipals and structured products. &#147;IFMI remains committed to JVB&#146;s growth, and we believe there will be significant synergies with the new PrinceRidge combined
business,&#148; Mr.&nbsp;Cohen said. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">IFMI anticipates that a substantial majority of its capital markets employees other than those dedicated
to JVB, as well as certain support staff, totaling approximately 61 professionals, will continue their association under the new structure. It is also anticipated that most of the professionals in IFMI&#146;s European capital markets operation will
join their U.S. colleagues as part of the new structure after PrinceRidge obtains its FSA license in the United Kingdom. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Both Mr.&nbsp;Costas
and Mr.&nbsp;Hutchins will continue in their current roles at PrinceRidge as Chairman and CEO, respectively. In addition, Mr.&nbsp;Cohen will serve as Vice Chairman, Chief Investment Officer and Managing Director of Structured Products for
PrinceRidge. PrinceRidge&#146;s Board of Directors will be comprised of five members: three IFMI appointees </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">1 </FONT></P>


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who currently serve on the IFMI Board of Directors, including Mr.&nbsp;Cohen, Walter Beach and Lance Ullom; as well as Mr.&nbsp;Costas and Mr.&nbsp;Hutchins. Mr.&nbsp;Costas will serve as the
Chairman of the PrinceRidge Board of Directors. Also, IFMI announced that it has entered into an amended employment arrangement with Chris Ricciardi, who will remain as the President of IFMI through a transition period but will no longer serve as
CEO of IFMI&#146;s capital markets division. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The PrinceRidge transaction is subject to review by FINRA, the self-regulatory agency in which
both the IFMI and PrinceRidge broker-dealer firms involved in the transaction are members. If FINRA does not take any action to halt the transaction or impose interim restrictions that would effectively prevent it from taking place, the parties
anticipate that the transaction will be completed within 30 to 60 days. The transaction is not subject to shareholder approval. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">IFMI will
address the transaction with PrinceRidge and answer questions from participants during its regularly scheduled first quarter earnings call, which is currently expected to occur on May&nbsp;4, 2011. Further information regarding the earnings call,
including the time and dial in information, will be forthcoming. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>About IFMI </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">IFMI is a leading investment firm specializing in credit-related fixed income investments. IFMI was founded in 1999 as an investment firm focused on small-cap banking institutions, but has grown over the
past eleven years into a more diversified fixed income specialist. IFMI&#146;s primary operating segments are Capital Markets and Asset Management. The Company&#146;s Capital Markets segment consists of credit-related fixed income sales and trading
as well as new issue placements in corporate and securitized products. IFMI&#146;s Asset Management segment manages assets through listed and private companies, funds, managed accounts and collateralized debt obligations. As of December&nbsp;31,
2010, we manage approximately $10.3 billion in credit-related fixed income assets in a variety of asset classes; including U.S. trust preferred securities, European hybrid capital securities, Asian commercial real estate debt, and mortgage- and
asset-backed securities. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>About The PrinceRidge Group LLC </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge is a financial services firm built upon extensive industry experience, professionalism and integrity. The firm is client-oriented and fixed-income focused. PrinceRidge offers a variety of
financial services to their institutional customer base including sales and trading in corporate credit and structured products and investment banking services such as new issue placements, underwritings and M&amp;A advisory. PrinceRidge is
committed to employing the highest quality professionals with significant industry experience, deep product knowledge, integrity and entrepreneurial spirit. For more information about The PrinceRidge Group LLC please visit www.princeridge.com.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Forward-looking Statements </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">This communication contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and
forecasts are &#147;forward-looking statements.&#148; In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as &#147;may,&#148; &#147;might,&#148; &#147;will,&#148; &#147;should,&#148;
&#147;expect,&#148; &#147;plan,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;predict,&#148; &#147;potential&#148; or &#147;continue&#148; or the negatives thereof or variations thereon or similar terminology. All
statements other than statements of historical fact included in this communication are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and
assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are based on our current expectations and projections about future events. There are
important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements
including, but not limited to, the receipt of approval of FINRA and the closing of the PrinceRidge transaction, in addition to those discussed under the heading &#147;Risk Factors&#148; and &#147;Management&#146;s Discussion and Analysis of
Financial Condition&#148; in our filings with the Securities and Exchange Commission (&#147;SEC&#148;), which are available at the SEC&#146;s website at <U>www.sec.gov</U> and our website at <U>www.IFMI.com/sec-filings</U>. Such risk factors include
the following: (a)&nbsp;a decline in general economic conditions or the global financial markets, (b)&nbsp;losses caused by financial or other problems experienced by third parties, (c)&nbsp;losses due to unidentified or
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
unanticipated risks, (d)&nbsp;a lack of liquidity, i.e., ready access to funds for use in our businesses, (e)&nbsp;the ability to attract and retain personnel, (f)&nbsp;litigation and regulatory
issues, (g)&nbsp;competitive pressure; and (h)&nbsp;a potential Ownership Change under Section&nbsp;382 of the Internal Revenue Code. As a result, there can be no assurance that the forward-looking statements included in this communication will
prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this communication might not occur. Accordingly, you should not rely upon
forward-looking statements as a prediction of actual results and we do not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Contact for IMFI: </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Investors:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Media:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Institutional Financial Markets, Inc. </FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Joele Frank, Wilkinson Brimmer Katcher</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Joseph W. Pooler, Jr., 215-701-8952</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">James Golden, 212-355-4449</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Vice President and</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>jgolden@joelefrank.com</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief Financial Officer</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>investorrelations@ifmi.com</U></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Contact for PrinceRidge: </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">PrinceRidge Holdings LP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Colette C. Dow, 646-792-5601 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief Operating Officer </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">CDow@princeridge.com
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>

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end
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