CONFIDENTIAL TREATMENT REQUESTED
WITH RESPECT TO CERTAIN PORTIONS HEREOF
DENOTED WITH “***”
This Employment Agreement (the “Agreement”), dated as of January 10, 2008 (“Agreement Date”), by
and between Hudson Securities, Inc., a Delaware corporation (“Company”), having an address of 111 Town
Square Place, 15th Floor, Jersey City, New Jersey 07310, and David Scialabba (the “Employee”), residing at
210-B Sunset Road, Oyster Bay, New York 11771.
WHEREAS, the Company is a registered broker-dealer and member of the Financial Industry
Regulatory Authority (“FINRA”) engaged in the business of market making, trading, institutional agency trading,
investment banking and research; and
WHEREAS, the Company wishes to employ the Employee and the Employee is willing to be so
employed and to render services to the Company, all upon the terms and subject to the conditions contained
NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, and
other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties agree as
Subject to and upon the terms and conditions contained in this
Agreement, the Company hereby agrees to employ Employee and Employee agrees to enter the employ of the
Company, for the period set forth in Paragraph 2 hereof, to render the services to the Company, its affiliates
and/or subsidiaries described in Paragraph 3 hereof.
Employee’s employment by the Company is at the will of either party.
Employee’s term of employment (the “Agreement Term”) under this Agreement shall commence on a date no
later than January 22, 2008 (such date, the “Commencement Date”) and shall continue until terminated by either
party for any reason but subject to the terms and conditions set forth herein, but in no event will Employee render
any services under this Agreement to the Company in any form whatsoever