Exhibit 10.1
TERMINATION OF CLEARING AGREEMENT
This Termination Agreement is made and
entered into effective as of the 21st day
of April, 2005 by and among First Montauk Securities Corp., a New York
corporation with offices at Parkway 109
Office Center, 328
Newman Springs Road,
Red Bank NJ, 07701 (the "Introducing
Firm"), and Fiserv
Securities, Inc.,
with
offices at Once Commerce Square, 2005
Market Street, Philadelphia, PA 19103-3212
("Fiserv").
WHEREAS,
the Introducing Firm, and Fiserv are parties to that certain
Clearing Agreement dated as of May 8, 2000, and
amended as of February 1, 2001
(the "Clearing Agreement");
WHEREAS,
Fiserv, Inc. entered into an agreement to sell
the wholly-owned
subsidiary Fiserv Securities, Inc. ("Fiserv") to Fidelity
Global Brokerage
Group, Inc., a subsidiary of FMR Corp. and on March 24, 2005 Fiserv
became an
indirect subsidiary of Fidelity Global
Brokerage Group, Inc.
WHEREAS,
Introducing Firm and
National Financial
Services LLC ("NFS"),
a
subsidiary of FMR Co
