Re: Separation AgreementLetter Agreement • July 24th, 2017 • Virtu KCG Holdings LLC • Security brokers, dealers & flotation companies • New York
This letter agreement (this “Agreement”) sets forth the terms of your departure from KCG Holdings, Inc. (collectively with its subsidiaries and affiliates, the “Company”), which shall be contingent and effective on the Closing Date, as that term is defined in the Agreement and Plan of Merger, dated as of April 20, 2017, by and among Virtu Financial, Inc. (“Virtu”), Orchestra Merger Sub, Inc. and KCG Holdings, Inc. (as may be amended from time to time, the “Merger Agreement”). This Agreement shall only become effective upon the occurrence of the Closing (as defined in the Merger Agreement) and no party hereto shall have any obligations hereunder unless and until the Closing occurs. If the Merger Agreement is terminated prior to the occurrence of the Closing, then this Agreement shall be void ab initio and be of no force and effect.
WITHOUT PREJUDICE & SUBJECT TO CONTRACT SETTLEMENT AGREEMENTSettlement Agreement • July 24th, 2017 • Virtu KCG Holdings LLC • Security brokers, dealers & flotation companies • England and Wales
Re: Separation AgreementLetter Agreement • July 24th, 2017 • Virtu KCG Holdings LLC • Security brokers, dealers & flotation companies • New York
This letter agreement (this “Agreement”) sets forth the terms of your departure from KCG Holdings, Inc. (collectively with its subsidiaries and affiliates, the “Company”), which shall be contingent and effective on the Closing Date, as that term is defined in the Agreement and Plan of Merger, dated as of April 20, 2017, by and among Virtu Financial, Inc. (“Virtu”), Orchestra Merger Sub, Inc. and KCG Holdings, Inc. (as may be amended from time to time, the “Merger Agreement”). This Agreement shall only become effective upon the occurrence of the Closing (as defined in the Merger Agreement) and no party hereto shall have any obligations hereunder unless and until the Closing occurs. If the Merger Agreement is terminated prior to the occurrence of the Closing, then this Agreement shall be void ab initio and be of no force and effect.
