<SEC-DOCUMENT>0001270436-13-000007.txt : 20131030
<SEC-HEADER>0001270436-13-000007.hdr.sgml : 20131030
<ACCEPTANCE-DATETIME>20131030072617
ACCESSION NUMBER:		0001270436-13-000007
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20131030
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20131030
DATE AS OF CHANGE:		20131030

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:		131177740

	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>ifmi-20131030x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:18pt;">UNITED STATES </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Washington, D.C. 20549 </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:18pt;">FORM 8-K </font>
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		<p style="margin:12pt 0pt 0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">CURRENT REPORT </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Pursuant to Section 13 or 15(d) </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">of The Securities Exchange Act of 1934 </font>
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		<p style="margin:12pt 0pt 0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Date of Report (Date of earliest event reported): October 28, 2013 </font>
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		<p style="margin:12pt 0pt 0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 24pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">INSTITUTIONAL FINANCIAL MARKETS, INC. </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">(Exact name of registrant as specified in its charter) </font>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Maryland</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">1-32026</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">16-1685692</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">(State or other jurisdiction</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">of incorporation)</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">(Commission</font></p>
					<p style="margin:0pt 0pt 1pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">File Number)</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">(IRS Employer</font></p>
					<p style="margin:0pt 0pt 1pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">Identification No.)</font></p>
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			<font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font>
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						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Cira Centre</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">2929 Arch Street, 17th Floor</font></p>
					<p style="margin:0pt 0pt 1pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Philadelphia, Pennsylvania</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">19104</font></p>
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					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">(Address of principal executive offices)</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">(Zip Code)</font></p>
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		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:12pt 0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Registrant&#x2019;s telephone number, including area code: (215) 701-9555 </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">(Former name or former address, if changed since last report.)</font>
		</p>
		<p style="margin:0pt 0pt 2pt;border-bottom:1pt solid #000000 ;line-height:normal;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:12pt 0pt 0pt;line-height:100%;text-indent:17.25pt;font-family:Calibri;font-size: 9pt">
			<font style="display: inline;font-family:Times New Roman;font-size:9pt;">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 (</font><font style="display: inline;font-family:Times New Roman;font-size:9pt;text-decoration:underline;">see</font><font style="display: inline;font-family:Times New Roman;font-size:9pt;"> General Instruction A.2. below): </font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 5pt">
			<font style="display: inline;font-family:Arial;font-size:5pt;">&nbsp;</font>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt">
						<font style="display: inline;font-family:Wingdings;font-size:9pt;">&#xA8;</font></p>
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				<td valign="top" style="width:482.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt">
						<font style="display: inline;font-family:Times New Roman;font-size:9pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 5pt">
			<font style="display: inline;font-family:Arial;font-size:5pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:21.30pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt">
						<font style="display: inline;font-family:Wingdings;font-size:9pt;">&#xA8;</font></p>
				</td>
				<td valign="top" style="width:482.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt">
						<font style="display: inline;font-family:Times New Roman;font-size:9pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 5pt">
			<font style="display: inline;font-family:Arial;font-size:5pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
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				<td valign="top" style="width:21.30pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt">
						<font style="display: inline;font-family:Wingdings;font-size:9pt;">&#xA8;</font></p>
				</td>
				<td valign="top" style="width:482.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt">
						<font style="display: inline;font-family:Times New Roman;font-size:9pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 5pt">
			<font style="display: inline;font-family:Arial;font-size:5pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:21.30pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt">
						<font style="display: inline;font-family:Wingdings;font-size:9pt;">&#xA8;</font></p>
				</td>
				<td valign="top" style="width:482.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 9pt">
						<font style="display: inline;font-family:Times New Roman;font-size:9pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:normal;font-family:Calibri;font-size: 9pt">
			<font style="display: inline;font-family:Arial;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 2pt;border-bottom:1pt solid #000000 ;border-top:1pt none #D9D9D9 ;line-height:normal;font-family:Calibri;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt 0pt 2pt;border-bottom:1pt solid #000000 ;border-top:1pt none #D9D9D9 ;line-height:normal;font-family:Calibri;;font-size: 10pt"><font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
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				<td valign="top" style="width:63.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt;line-height:normal;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
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				<td valign="top" style="width:441.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 11pt">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Item 1.01</font></p>
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				<td valign="top" style="width:441.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Entry into a Material Definitive Agreement</font></p>
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			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:6pt 0pt 0pt;line-height:100%;text-indent:27pt;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">On October 28, 2013 (the &#x201C;Effective Date&#x201D;), Institutional Financial Markets, Inc., a Maryland corporation (the &#x201C;Company&#x201D;), repurchased from Omega Charitable Partnership, L.P. (&#x201C;Omega&#x201D;) $5,000,000 principal amount of the Company&#x2019;s 10.50% Contingent Convertible Senior Notes Due 2027 (CUSIP 45779LAA5) (the &#x201C;Omega Notes&#x201D;), pursuant to a letter agreement, dated as of the Effective Date, by and between the Company and Omega (the &#x201C;Omega Letter Agreement&#x201D;).</font>
		</p>
		<p style="margin:5pt 0pt;line-height:100%;text-indent:27pt;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Under the Omega Letter Agreement, the purchase price paid by the Company to Omega for the Omega Notes was $5,237,708, representing the $5,000,000 principal amount of the Omega Notes plus $237,708 in accrued and unpaid interest under the Omega Notes.&nbsp;&nbsp;As a result of the Company&#x2019;s repurchase of the Omega Notes, Omega has no further rights and the Company has no further obligations whatsoever under the Omega Notes.</font>
		</p>
		<p style="margin:5pt 0pt;line-height:100%;text-indent:27pt;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">The Omega Letter Agreement contained customary representations, warranties and conditions to closing the transactions contemplated thereunder.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;text-indent:27pt;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">The foregoing description of the </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">Omega Letter</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">Omega</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">Letter </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Item 9.01</font></p>
				</td>
				<td valign="top" style="width:441.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Financial Statements and Exhibits. </font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:6pt 0pt 0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">(d) Exhibits. </font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
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				<td valign="middle" style="width:32.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt;line-height:normal;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:29.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 11pt">
						&nbsp;</p>
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				<td valign="middle" style="width:442.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 11pt">
						&nbsp;</p>
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				<td valign="middle" style="width:32.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
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				<td valign="bottom" style="width:29.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:442.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
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			<tr>
				<td valign="bottom" style="width:32.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:5pt 0pt;border-bottom:1pt solid #000000 ;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">Exhibit</font><br /><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">Number</font></p>
				</td>
				<td valign="bottom" style="width:29.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:442.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:5pt 0pt;border-bottom:1pt solid #000000 ;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:8pt;">Description</font></p>
				</td>
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			<tr>
				<td valign="middle" style="width:32.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:6.00pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 6pt">
						<font style="display: inline;font-family:Times New Roman;font-size:6pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="middle" style="width:471.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:6.00pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
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				<td valign="top" style="width:32.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">10.1*</font></p>
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				<td valign="bottom" style="width:29.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font></p>
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				<td valign="top" style="width:442.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Letter Agreement, dated October 28, 2013, by and between Institutional Financial Markets, Inc. and Omega Charitable Partnership, L.P.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 2pt;border-bottom:1pt solid #000000 ;line-height:normal;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
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				<td valign="top" style="width:10.95pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">*</font></p>
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				<td valign="top" style="width:493.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Filed electronically herewith. </font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
			<font style="display: inline;font-family:Arial;font-size:8pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;;font-size: 10pt"><font style="display: inline;font-family:Arial;font-size:10pt;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;text-decoration:underline;">SIGNATURES</font>
		</p>
		<p style="margin:12pt 0pt 0pt;line-height:100%;text-indent:17.25pt;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">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 hereunto duly authorized. </font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="middle" style="width:226.75pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">0</font></p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:19.65pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:18.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:222.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:226.75pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:19.65pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:18.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:222.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:226.75pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:19.65pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="3" valign="top" style="width:246.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">INSTITUTIONAL FINANCIAL MARKETS, INC.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:226.75pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:12.00pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="middle" style="width:25.20pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:12.00pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:24.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:12.00pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:227.60pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:12.00pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:226.75pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:5pt 0pt 5pt 10pt;line-height:100%;text-indent: -10pt;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Date: October 30, 2013</font></p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:19.65pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:18.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">By:</font></p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:222.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt 0pt 1pt;border-bottom:1pt solid #000000 ;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">/s/ Joseph W. Pooler, Jr.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:226.75pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:19.65pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:18.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:222.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Joseph W. Pooler, Jr.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:226.75pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:19.65pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:18.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:05.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt">
						<font style="display: inline;font-family:Times New Roman;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:222.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Executive Vice President, Chief Financial</font></p>
					<p style="margin:0pt 0pt 1pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Officer and Treasurer</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr>
	</div></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ifmi-20131030ex1011444b6.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--HTML document created with Crossfire by Rivet Software-->
<!--Rivet Edgarization Module Version: 1.0.0.60-->
<!--Created on: 10/30/2013 7:23:05 AM-->
<html>
	<head>
		<title>
			EX-101
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;font-weight:bold;">EXHIBIT 10.1</font>

		</p>

</div>
		<p style="margin:0pt;text-align:center;border-bottom:1pt none #D9D9D9 ;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<a name="_GoBack"></a><font style="display: inline;">Omega Advisors, Inc.</font><br /><font style="display: inline;">88 Pine Street</font>
		</p>
		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Wall Street Plaza</font>
		</p>
		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">31st Floor</font>
		</p>
		<p style="margin:0pt 0pt 18pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">New York, NY 10005</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:center;border-top:1pt none #D9D9D9 ;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">October 28, </font><font style="display: inline;">2013</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Institutional Financial Markets, Inc.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Cira Centre</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">2929 Arch Street, 17th Floor</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Philadelphia, PA&nbsp;&nbsp;19104</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Dear Sir or </font><font style="display: inline;">Madam:</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">Omega Charitable Partnership, L.P. (the &#x201C;Seller&#x201D;) proposes to sell to Institutional Financial Markets, Inc., a Maryland corporation (the &#x201C;Company&#x201D;), that certain 10.50% Contingent Convertible Senior Note Due 2027, dated July 22, 2011 (CUSIP 45779LAA5), in the original principal amount of Five Million Dollars ($5,000,000), which was issued by the Company to the Seller in book-entry form only (the &#x201C;Note&#x201D;).&nbsp; </font><font style="display: inline;">Subject to the terms and conditions set forth herein, the sale of the Note shall take place </font><font style="display: inline;">on </font><font style="display: inline;">such date and for the consideration described in section 3 of this letter </font><font style="display: inline;">agreement (this &#x201C;Agreement&#x201D;).</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">1.</font><font style="display: inline;">&nbsp;</font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Representations and Warranties of the Company.</font><font style="display: inline;text-decoration:none;"> &nbsp; &nbsp;</font><font style="display: inline;text-decoration:none;">The Company represents and warrants to and agrees with the Seller </font><font style="display: inline;text-decoration:none;">that:</font>
		</p>
		<div style="width:100%"><table style="width: 100%" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 100%;text-indent:36; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-transform:none;text-decoration:none;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;padding:0pt 21pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;">This Agreement has been duly authorized, executed and delivered by the </font><font style="display: inline;">Company, and this Agreement constitutes a </font><font style="display: inline;">valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except that (i) the enforceability hereof may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of creditors&#x2019; rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general applicability.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width: 100%" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" style="width: 100%;text-indent:36; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;text-transform:none;text-decoration:none;border-top:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;padding:0pt 20pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;">The execution and delivery by the Company of</font><font style="display: inline;">, and the performance by the Company of its obligations under, this Agreement will </font><font style="display: inline;">not </font><font style="display: inline;">contravene any (i) provision of applicable </font><font style="display: inline;">law</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">(ii) the organizational documents of the </font><font style="display: inline;">Company</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">(iii) any agreement or other instrument binding up</font><font style="display: inline;">on </font><font style="display: inline;">the Company, (iv) any judgment, order or decree of any governmental </font><font style="display: inline;">body</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">agency or court having jurisdiction </font><font style="display: inline;">over </font><font style="display: inline;">the Company or any of its subsidiaries and no consent</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">approval, </font><font style="display: inline;">authorization </font><font style="display: inline;">or order of, or </font><font style="display: inline;">qualification </font><font style="display: inline;">with, any governmental body </font><font style="display: inline;">or </font><font style="display: inline;">agency is required for the performance by the Company of its obligations under this Agreement other than those </font><font style="display: inline;">consents</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">approval</font><font style="display: inline;">s</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">authorizations, orders or qualifications which have been </font><font style="display: inline;">obtained.</font></p></td></tr></table></div>
		<p style="margin:0pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">2.&nbsp; </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Representations and Warranties of the Seller</font><font style="display: inline;text-decoration:none;">.&nbsp; </font><font style="display: inline;text-decoration:none;">The </font><font style="display: inline;text-decoration:none;">Seller represents and warrants to and agrees with the Company </font><font style="display: inline;text-decoration:none;">that, as of the date hereof and as of the Delivery Date (as defined below):</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(a)</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">This Agreement has been duly authorized, executed and delivered by the Seller</font><font style="display: inline;">, and this Agreement constitutes a </font><font style="display: inline;">valid and binding obligation of the Seller, enforceable against </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt"><font style="display: inline;">the Seller in accordance with its terms, except that (i) the enforceability hereof may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of creditors&#x2019; rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general applicability.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(b)</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">The execution and delivery by the Seller of, and the performance by the Seller of its obligations under, this Agreement will </font><font style="display: inline;">not </font><font style="display: inline;">contravene any (i) provision of applicable </font><font style="display: inline;">law</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">(ii) the organizational documents of the Seller</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">(iii) any agreement or other instrument binding up</font><font style="display: inline;">on </font><font style="display: inline;">the Seller, (iv) any judgment, order or decree of any governmental </font><font style="display: inline;">body</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">agency or court having jurisdiction </font><font style="display: inline;">over </font><font style="display: inline;">the Seller or any of its subsidiaries and no consent</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">approval, </font><font style="display: inline;">authorization </font><font style="display: inline;">or order of, or </font><font style="display: inline;">qualification </font><font style="display: inline;">with, any governmental body </font><font style="display: inline;">or </font><font style="display: inline;">agency is required for the performance by the Seller of its obligations under this Agreement</font><font style="display: inline;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(c)</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">The Seller </font><font style="display: inline;">has</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">and on the Delivery Date will </font><font style="display: inline;">have</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">good, marketable </font><font style="display: inline;">and </font><font style="display: inline;">unencumbered title to the Note, free and clear of all security interests, claims, </font><font style="display: inline;">lien</font><font style="display: inline;">s</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">equities or other encumbrances, and the legal right and power, and all </font><font style="display: inline;">authorization </font><font style="display: inline;">and approval required by law (i) to enter into </font><font style="display: inline;">this Agreement,</font><font style="display: inline;"> and (ii) to </font><font style="display: inline;">sell</font><font style="display: inline;"> and </font><font style="display: inline;">transfer the Note to the Company.&nbsp;&nbsp;The sale and transfer of the </font><font style="display: inline;">Note</font><font style="display: inline;"> in accordance with this Agreement will convey to the Company good, marketable and unencumbered</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">title to the Note</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">free and clear of all security interests, claims, liens, equities or other </font><font style="display: inline;">encumbrances.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(d)</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">Other than as disclosed to the Company in writing, the Seller has not engaged any broker, finder or other person acting in such capacity that is entitled to any commission</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">or fee </font><font style="display: inline;">in </font><font style="display: inline;">connection with the transactions contemplated</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">by this Agreement</font><font style="display: inline;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">3.&nbsp; </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Agreement to Sell and Purchase</font><font style="display: inline;">.&nbsp; </font><font style="display: inline;">The Seller hereby agrees to sell to the Company, upon the basis of </font><font style="display: inline;">the </font><font style="display: inline;">representations</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">and warranties herein contained, but subject to the conditions hereinafter stated, and the Company hereby agrees to </font><font style="display: inline;">purchase </font><font style="display: inline;">from the Seller, the Note for a purchase price equal to Five Million Two Hundred Thirty-Seven Thousand Seven Hundred Eight Dollars ($5,237,708) (the &#x201C;Purchase Price&#x201D;)</font><font style="display: inline;">.&nbsp;&nbsp;The parties agree that the Purchase Price includes all accrued cash and interest through the date hereof and that, following the date hereof, no additional interest whatsoever under the Note shall be paid or payable by the Company to the Seller.&nbsp;&nbsp;The parties hereto agree that, following the Company&#x2019;s delivery to the Seller of the Purchase Price and Seller&#x2019;s execution and delivery of the Assignment (as defined below) to the Company, the Seller shall have no further rights whatsoever under the Note.</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">4.&nbsp; </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Payment and Delivery</font><font style="display: inline;text-decoration:none;">. &nbsp;</font><font style="display: inline;text-decoration:none;">Payment of the Purchase Price by the Company to the Seller shall take place no more than three (3) business days after the date of this Agreement (the </font><font style="display: inline;text-decoration:none;">&#x201C;</font><font style="display: inline;text-decoration:none;">Delivery Date</font><font style="display: inline;text-decoration:none;">&#x201D;</font><font style="display: inline;text-decoration:none;">).</font><font style="display: inline;text-decoration:none;"> &nbsp; &nbsp;</font><font style="display: inline;text-decoration:none;">On the Delivery Date, the Company will pay to the Seller the Purchase Price in </font><font style="display: inline;text-decoration:none;">cash </font><font style="display: inline;text-decoration:none;">to the </font><font style="display: inline;text-decoration:none;">Seller&#x2019;s </font><font style="display: inline;text-decoration:none;">account as specified in writing to the Company and the Seller shall execute and deliver to the Company the Assignment of Promissory Note attached hereto as Exhibit A (the &#x201C;Assignment&#x201D;), in accordance with such instructions as the Company may specify in writing.&nbsp;&nbsp;On the Delivery Date and thereafter the Seller </font><font style="display: inline;text-decoration:none;">shall</font><font style="display: inline;text-decoration:none;">&nbsp;</font><font style="display: inline;text-decoration:none;">execute</font><font style="display: inline;text-decoration:none;"> such documents and take such further action as may be reasonably necessary in order to transfer to the Company all </font><font style="display: inline;text-decoration:none;">right</font><font style="display: inline;text-decoration:none;">, &nbsp;</font><font style="display: inline;text-decoration:none;">title </font><font style="display: inline;text-decoration:none;">and interest to the Note, including, without limitation, instructing the custodian which holds the Note on behalf of the Seller to electronically transfer (or &#x201C;DWAC&#x201D;) the Note to the Company.</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="font-family:Times New Roman;font-weight:normal;font-size:12pt;display: inline;">2</font>

		</p>

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">5. </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Conditions and Obligations of the Seller</font><font style="display: inline;text-decoration:none;">.&nbsp; </font><font style="display: inline;text-decoration:none;">The obligation of the Seller to sell the Note is subject to </font><font style="display: inline;text-decoration:none;">the </font><font style="display: inline;text-decoration:none;">following </font><font style="display: inline;text-decoration:none;">conditions:</font>
		</p>
		<p style="margin:0pt 0pt 12pt 58.5pt;text-indent: -22.5pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(a) </font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 7.6pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">The </font><font style="display: inline;">representations and warranties </font><font style="display: inline;">of the Company contained in this Agreement shall be true and correct as of the date hereof and as of the Delivery Date</font><font style="display: inline;">; and</font>
		</p>
		<p style="margin:0pt 0pt 12pt 58.5pt;text-indent: -22.5pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(b)&nbsp; </font><font style="display: inline;">The Company shall have </font><font style="display: inline;">performed</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">satisfied and complied with the covenants, agreements and conditions required by this Agreement </font><font style="display: inline;">at </font><font style="display: inline;">or prior to the Delivery Date.</font>
		</p>
		<p style="margin:0pt;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">6.&nbsp; </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Conditions and Obligations of the Company</font><font style="display: inline;text-decoration:none;">.</font><font style="display: inline;text-decoration:none;"> &nbsp;The </font><font style="display: inline;text-decoration:none;">obligation of the Company to purchase the Note is subject </font><font style="display: inline;text-decoration:none;">to </font><font style="display: inline;text-decoration:none;">the following </font><font style="display: inline;text-decoration:none;">conditions:</font>
		</p>
		<p style="margin:0pt 0pt 12pt 58.5pt;text-indent: -22.5pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(a)&nbsp; </font><font style="display: inline;">The </font><font style="display: inline;">representations and warranties </font><font style="display: inline;">of the Seller contained in this Agreement shall be true and correct as of the date hereof and as of the Delivery Date</font><font style="display: inline;">;</font>
		</p>
		<p style="margin:0pt 0pt 12pt 58.5pt;text-indent: -22.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(b)&nbsp; </font><font style="display: inline;">The Seller shall have performed, satisfied and complied with the covenants, agreements and conditions required by this Agreement at </font><font style="display: inline;">or </font><font style="display: inline;">prior to the Delivery Date</font><font style="display: inline;">; &nbsp;</font><font style="display: inline;">and</font>
		</p>
		<p style="margin:0pt 0pt 12pt 58.5pt;text-indent: -22.5pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(c) </font><font style="display: inline;">The Seller shall have executed and delivered all documents (</font><font style="display: inline;">including, without limitation, the Assignment)</font><font style="display: inline;">, and taken all actions, necessary to transfer the Note to the Company free and clear of all security interests, claims, </font><font style="display: inline;">lien</font><font style="display: inline;">s</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">equities or other encumbrances.</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">7.&nbsp; </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Termination</font><font style="display: inline;text-decoration:none;">.&nbsp; </font><font style="display: inline;text-decoration:none;">The Seller may terminate this Agreement with written notice given to the Company</font><font style="display: inline;text-decoration:none;">&nbsp;</font><font style="display: inline;text-decoration:none;">if (i) trading generally shall have been suspended </font><font style="display: inline;text-decoration:none;">or </font><font style="display: inline;text-decoration:none;">materially limited on or by </font><font style="display: inline;text-decoration:none;">the New </font><font style="display: inline;text-decoration:none;">York Stock Exchange or NASDAQ</font><font style="display: inline;text-decoration:none;">&nbsp;</font><font style="display: inline;text-decoration:none;">Stock Market</font><font style="display: inline;text-decoration:none;">, &nbsp;</font><font style="display: inline;text-decoration:none;">(ii) trading of any securities of the Company shall </font><font style="display: inline;text-decoration:none;">have </font><font style="display: inline;text-decoration:none;">been suspended on any exchange or in any over-the-counter market, or (iii) a material disruption in securities </font><font style="display: inline;text-decoration:none;">settlement</font><font style="display: inline;text-decoration:none;">, &nbsp;</font><font style="display: inline;text-decoration:none;">payment or </font><font style="display: inline;text-decoration:none;">clearance </font><font style="display: inline;text-decoration:none;">services in the United States shall have occurred.&nbsp;&nbsp;The Company may terminate this Agreement with one (1) business day&#x2019;s written notice given to the Seller</font><font style="display: inline;text-decoration:none;">.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">8.&nbsp; </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Notices</font><font style="display: inline;text-decoration:none;">.&nbsp; </font><font style="display: inline;text-decoration:none;">All notices, requests, </font><font style="display: inline;text-decoration:none;">demands</font><font style="display: inline;text-decoration:none;">, &nbsp;</font><font style="display: inline;text-decoration:none;">claims and other communications hereunder shall be in writing and shall be (a) transmitted by </font><font style="display: inline;text-decoration:none;">hand </font><font style="display: inline;text-decoration:none;">delivery, (b) mailed by first class, registered or certified mail, postage prepaid</font><font style="display: inline;text-decoration:none;">, &nbsp;</font><font style="display: inline;text-decoration:none;">(c) transmitted by overnight courier, or (d)&nbsp;transmitted </font><font style="display: inline;text-decoration:none;">by </font><font style="display: inline;text-decoration:none;">facsimile</font><font style="display: inline;text-decoration:none;">, &nbsp;</font><font style="display: inline;text-decoration:none;">and in each case to the relevant party at the address set forth </font><font style="display: inline;text-decoration:none;">below:</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:5pt;">
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:220.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">If to the Company: </font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">If to the </font><font style="display: inline;">Seller:</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:220.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Institutional Financial Markets, Inc.</font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Cira Centre</font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">2929 Arch Street, 17</font><sup style="display: inline;line-height:155%">th</sup><font style="display: inline;"> Floor</font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Philadelphia, PA&nbsp;&nbsp;19104</font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Attn: Chief Financial </font><font style="display: inline;">Officer</font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Facsimile: 215-701-8280</font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Omega Advisors, Inc.</font><br /><font style="display: inline;">88 Pine Street</font></p>
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Wall Street Plaza</font></p>
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">31st Floor</font></p>
					<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">New York, NY 10005</font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Attn: Leon G. Cooperman</font></p>
					<p style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Facsimile:____________________</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">9.&nbsp; </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Counterparts</font><font style="display: inline;text-decoration:none;">.&nbsp; </font><font style="display: inline;text-decoration:none;">This Agreement may be signed in two (2) or more counterparts, each of which shall be an original, with the same effect as if </font><font style="display: inline;text-decoration:none;">the </font><font style="display: inline;text-decoration:none;">signatures thereto and hereto were upon the same </font><font style="display: inline;text-decoration:none;">instrument.</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="font-family:Times New Roman;font-weight:normal;font-size:12pt;display: inline;">3</font>

		</p>

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">10.&nbsp; </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Entire Agreement</font><font style="display: inline;text-decoration:none;">. &nbsp;</font><font style="display: inline;text-decoration:none;">This Agreement constitutes the entire agreement among the parties pertaining to the transactions contemplated </font><font style="display: inline;text-decoration:none;">herein </font><font style="display: inline;text-decoration:none;">and supersedes any prior agreements, understandings, negotiations and discussions between the parties, whether oral or </font><font style="display: inline;text-decoration:none;">written</font><font style="display: inline;text-decoration:none;">, &nbsp;</font><font style="display: inline;text-decoration:none;">on such </font><font style="display: inline;text-decoration:none;">matters</font><font style="display: inline;text-decoration:none;">, &nbsp;</font><font style="display: inline;text-decoration:none;">and </font><font style="display: inline;text-decoration:none;">this Agreement</font><font style="display: inline;text-decoration:none;"> shall not be amended, changed, supplemented,</font><font style="display: inline;text-decoration:none;">&nbsp;</font><font style="display: inline;text-decoration:none;">waived or otherwise modified except in a writing executed by each of the </font><font style="display: inline;text-decoration:none;">parties </font><font style="display: inline;text-decoration:none;">hereto.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-decoration:none;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:none;">11.&nbsp; </font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Governing Law</font><font style="display: inline;text-decoration:none;">.&nbsp; </font><font style="display: inline;text-decoration:none;"> &nbsp; &nbsp;</font><font style="display: inline;text-decoration:none;">This Agreement shall be governed by and construed in accordance with the internal laws of the State of New </font><font style="display: inline;text-decoration:none;">York</font><font style="display: inline;text-decoration:none;">&nbsp;</font><font style="display: inline;text-decoration:none;">without regard to any applicable principles of conflicts of law.</font><font style="display: inline;text-decoration:none;"> EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK OR ANY COURT OF THE STATE OF NEW YORK LOCATED IN THE COUNTY OF NEW YORK IN RESPECT OF ANY PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AND AGREES THAT ANY SUCH PROCEEDING SHALL BE BROUGHT ONLY IN SUCH COURT (AND WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS OR ANY OTHER OBJECTION TO VENUE THEREIN).</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">[Signature</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">page </font><font style="display: inline;">follows]</font>
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="font-family:Times New Roman;font-weight:normal;font-size:12pt;display: inline;">4</font>

		</p>

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">Very truly </font><font style="display: inline;">yours,</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">OMEGA CHARITABLE PARTNERSHIP, L.P.</font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By: Omega Associates, LLC, its General partner</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By: </font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;">/s/ LEON G. COOPERMAN</font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:11.5pt;"><font style="display: inline;">Name:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;">Leon G. Cooperman</font><font style="display: inline;"></font></font>
		</p>
		<p style="margin:0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:18.5pt;"><font style="display: inline;">Title:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;">Managing Member</font><font style="display: inline;"></font></font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Accepted and agreed as of the date </font><font style="display: inline;">hereof: </font>
		</p>
		<p style="margin:0pt 0pt 24pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">INSTITUTIONAL FINANCIAL MARKETS, INC.</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By: </font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;">/s/ JOSEPH W. POOLER, JR.</font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:11.5pt;"><font style="display: inline;">Name:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;"></font><font style="display: inline;">Joseph W. Pooler, Jr.</font><font style="display: inline;"></font></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:18.5pt;"><font style="display: inline;">Title:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;">Executive Vice President and Chief </font></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;">Financial Officer</font><font style="display: inline;"></font></font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:underline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:12pt 0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="display: inline;">EXHIBIT A</font>

		</p>

</div>
		<p style="margin:12pt 0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;font-weight:bold;text-transform:uppercase;text-decoration:underline;">Assignment OF Promissory Note</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-transform:uppercase;">1.</font><font style="display: inline;text-transform:uppercase;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;text-transform:uppercase;">For Value Received</font><font style="display: inline;">, the undersigned (the &#x201C;Seller&#x201D;) hereby sells, assigns and transfers unto </font><font style="display: inline;">Institutional Financial Markets, Inc., a Maryland corporation</font><font style="display: inline;"> (the &#x201C;Company&#x201D;), all right, title and interest of the undersigned in and to that certain </font><font style="display: inline;">10.50% Contingent Convertible Senior Note Due 2027, dated </font><font style="display: inline;">July 22, 2011 (CUSIP 45779LAA5), in the original principal amount of Five Million Dollars ($5,000,000), which was issued by the Company to the Seller in book-entry form only (the &#x201C;Note&#x201D;).</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">2.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Representations and Warranties of the Seller</font><font style="display: inline;">.&nbsp;&nbsp;The Seller represents and warrants to and agrees with the Company that: </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(a)</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 25.2pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">This Assignment of Promissory Note (this &#x201C;Assignment&#x201D;) has been duly authorized, executed and delivered by the Seller</font><font style="display: inline;">, and this Assignment constitutes a </font><font style="display: inline;">valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except that (i) the enforceability hereof may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of creditors&#x2019; rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general applicability.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(b) </font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 21.6pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">The execution and delivery by the Seller of, and the performance by the Seller of its obligations under, this Assignment will </font><font style="display: inline;">not </font><font style="display: inline;">contravene any (i) provision of applicable </font><font style="display: inline;">law</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">(ii) the organizational documents of the Seller</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">(iii) any agreement or other instrument binding up</font><font style="display: inline;">on </font><font style="display: inline;">the Seller, (iv) any judgment, order or decree of any governmental </font><font style="display: inline;">body</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">agency or court having jurisdiction </font><font style="display: inline;">over </font><font style="display: inline;">the Seller or any of its subsidiaries and no consent</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">approval, </font><font style="display: inline;">authorization </font><font style="display: inline;">or order of, or </font><font style="display: inline;">qualification </font><font style="display: inline;">with, any governmental body </font><font style="display: inline;">or </font><font style="display: inline;">agency is required for the performance by the Seller of its obligations under this Assignment other than those </font><font style="display: inline;">consents</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">approval</font><font style="display: inline;">s</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">authorizations, orders or qualifications which have been </font><font style="display: inline;">obtained.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">(c) </font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 21.6pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;">The Seller </font><font style="display: inline;">has</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">good, marketable </font><font style="display: inline;">and </font><font style="display: inline;">unencumbered title to the Note, free and clear of all security interests, claims, </font><font style="display: inline;">lien</font><font style="display: inline;">s</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">equities or other encumbrances, and the legal right and power, and all </font><font style="display: inline;">authorization </font><font style="display: inline;">and approval required by law (i) to enter into </font><font style="display: inline;">this Assignment,</font><font style="display: inline;"> and (ii) to </font><font style="display: inline;">sell</font><font style="display: inline;"> and </font><font style="display: inline;">transfer the Note to the Company.&nbsp;&nbsp;The sale and transfer of the </font><font style="display: inline;">Note</font><font style="display: inline;"> in accordance with this Assignment will convey to the Company good, marketable and unencumbered</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">title to the Note</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">free and clear of all security interests, claims, liens, equities or other </font><font style="display: inline;">encumbrances.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">3.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Purchase Price</font><font style="display: inline;">.&nbsp;&nbsp;In consideration of the sale of the Note, the Company has paid to the Seller, in cash, </font><font style="display: inline;">Five Million Two Hundred Thirty-Seven Thousand Seven Hundred Eight Dollars ($5,237,708)</font><font style="display: inline;"> (the &#x201C;Purchase Price&#x201D;).&nbsp;&nbsp;The Seller agrees and acknowledges that the Purchase Price includes all accrued cash and interest through the date hereof and that, following the date hereof, no additional interest whatsoever under the Note shall be paid or payable by the Company to the Seller.&nbsp;&nbsp;The Purchase Price is payable to the Seller by wire transfer of immediately available funds to the following account:</font>
		</p>
		<p style="margin:12pt 0pt 12pt 72pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">[Insert Seller&#x2019;s wire instructions]</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="font-family:Times New Roman;font-weight:normal;font-size:12pt;display: inline;">6</font>

		</p>

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">4.</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 28.8pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">Governing Law</font><font style="display: inline;">.&nbsp;&nbsp;This Assignment shall be governed by and construed in accordance with the internal laws of the State of New York without regard to any applicable principles of conflicts of law.</font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Dated:&nbsp;&nbsp;October 28, 2013</font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<br /><font style="display: inline;"></font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 234pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">OMEGA CHARITABLE PARTNERSHIP, L.P.</font>
		</p>
		<p style="margin:0pt 0pt 24pt 234pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By: Omega Associates, LLC, its General partner</font>
		</p>
		<p style="margin:0pt 0pt 0pt 234pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">By: </font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 234pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Name:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">Leon G. Cooperman</font><font style="display: inline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 234pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">Title:</font><font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">Managing Member</font><font style="display: inline;"></font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;text-decoration:underline;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

			<font style="font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="font-family:Times New Roman;font-weight:normal;font-size:12pt;display: inline;">7</font>

		</p>

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			&nbsp;

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