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Exhibit 10.2
LEASE
AGREEMENT
AGREEMENT dated as
of the 1 st day of April, 2008 by and
between BGC Partners, Inc., a Delaware corporation with offices at
499 Park Avenue, New York, New York 10022 (“BGC”), and
Cantor Fitzgerald Securities (“CFS”), a New York
general partnership with offices at 499 Park Avenue, New York, New
York 10022.
RECITALS
WHEREAS, BGC and CFS desire to enter
into a lease agreement for the provisions of services by certain
designated employees of CFS to BGC;
NOW, THEREFORE, in consideration of
the mutual agreements set forth below, BGC and CFS agree as
follows:
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1.
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This Agreement
shall apply to the CFS employees, set forth on Schedule I ,
as such schedule may be amended from time to time (together the
“Leased Employees”).
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2.
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Both BGC and
CFS shall have the right to direct the activities of the Leased
Employees and shall have the right to fire and discipline the
Leased Employees.
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3.
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BGC shall have
all powers and rights of a common law employer of the Leased
Employees except as otherwise set forth herein.
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4.
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CFS agrees that
it shall pay any and all payroll taxes on the compensation paid to
the Leased Employees for the services provided by the Leased
Employees to BGC.
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