Burnham Asset Management - draft termination agreement

SUBJECT:

PRI: HIGH

FROM:

G

george.mesires@faegrebd.com

DATE:

2016-05-11 18:37:09

MSG_ID:

<42083C1EC3CF1741BA2902F1A0AB5EF9193D4E6A@S01P-EXCHDAG4.intfirm.com>

RECIPIENTS:

TO:

E

Eric Schwerin <eschwerin@rosemontseneca.com>

H

Hunter Biden <hbiden@rosemontseneca.com>

CC:

M

MacPhail, Michael R. <michael.macphail@faegrebd.com>

N

Klinefeldt, Nicholas A. <nick.klinefeldt@faegrebd.com>

R

Schwartz II, Randall R. <randall.schwartzii@faegrebd.com>

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PROCESSED

Eric and Hunter:

Attached is a draft termination letter, which must be countersigned by Burnham.

The salient points:

* Mutually terminates Asset Assignment Agreement and Employment Agreement; renders null and void

* Returns transferred assets back to Rosemont Seneca

* Burnham not entitled to any more revenue

* Rosemont retains any clients, etc.

* Hunter not bound by confi in Employment Agreement

* Burnham releases RSP, et al

* Burnham indemnifies RSP, et al

* RSP and Hunter may make press release or public statement; Burnham may not relating to Asset Assignment Agreement and Employment Agreement

Please let me know if you have any questions.

George

George R. Mesires
Partner
george.mesires@FaegreBD.com<mailto:george.mesires@FaegreBD.com> Download vCard<http://www.faegrebd.com/vcard/george.mesires.vcf>
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