AGREEMENT dated as of April 11, 2000 between Andrew Lockwood, residing at 9841 Arbor Oaks Lane,
Boca Raton, Florida 33428 ("Executive"), and SHOCHET HOLDING CORP., a Delaware corporation having
its principal office at 2351 East Hallandale Beach Boulevard, Hallandale, Florida 33009 ("Company").
WHEREAS, the Company is engaged through its subsidiary corporation in the business of operating and
managing an investment banking and securities brokerage firm, as well as other related enterprises; and
WHEREAS, the Company employs and desires to continue the employment of Executive for the purpose of
securing for the Company and its subsidiary corporation the experience, ability and services of Executive; and
WHEREAS, Executive desires to continue his present employment with the Company, pursuant to the terms and
conditions herein set forth, superseding all prior agreements between the Company, its subsidiary and/or
predecessors and Executive;
IT IS AGREED:
1. Employment, Duties and Acceptance.
1.1 The Company hereby employs Executive as its Executive Vice President - Business Development and
General Counsel ("EVP"). All of Executive's powers and authority in any capacity shall at all times be subject to
the direction and control of the Company's Board of Directors and the Chief Executive Officer.
1.2 Executive's duties shall include general executive operating supervision over the property, business and
affairs, particularly those duties related to enhancing the Company's business development and those duties
typical of a general counsel of a corporation, of the Company, its subsidiary and divisions, subject to the
guidelines and direction of the Board of Directors of the Company, provided that these duties shall in no way
include any supervisory responsibility with regard to the oversight and or supervision of the Company's or its
registered representatives compliance with rules and regulations of the Securities and Exchange Commission, the