As of October 9, 2014 Paul J. Taubman [Home Address] Dear Paul:Letter Agreement • September 3rd, 2015 • PJT Partners Inc. • Investment advice • New York
This letter agreement (“Partner Agreement”) sets forth the standard terms and conditions of your role as a Partner (“Partner”) following the “Closing” (as defined below). Except as expressly provided below, the terms and conditions of this Partner Agreement shall be conditioned upon the consummation of the “Closing” as defined in the Transaction Agreement (the “Transaction Agreement”) dated as of the date hereof by and among (i) The Blackstone Group, L.P., a Delaware limited partnership (“Blackstone Group”), Blackstone Holdings I L.P., a Delaware limited partnership (“Holdings”), New Advisory GP L.L.C., a Delaware limited liability company and wholly-owned subsidiary of Holdings (“New GP” and collectively with Blackstone Group and Holdings, “Blackstone”), (ii) New Advisory L.P., a Delaware limited partnership wholly-owned by Holdings and certain of its Affiliates (as limited partners) and New GP (as general partner) (“New LP”), (iii) PJT Capital LP, a Delaware limited partnership (the
TRANSACTION AGREEMENT by and among THE BLACKSTONE GROUP L.P., BLACKSTONE HOLDINGS I L.P., NEW ADVISORY GP L.L.C., NEW ADVISORY L.P., PJT CAPITAL LP, PJT MANAGEMENT, LLC, PAUL J. TAUBMAN and THE LIMITED PARTNERS LISTED ON THE SIGNATURE PAGES HEREOF...Transaction Agreement • September 3rd, 2015 • PJT Partners Inc. • Investment advice • Delaware
This TRANSACTION AGREEMENT is dated as of October 9, 2014 (this “Agreement”) and is by and among (i) The Blackstone Group L.P., a Delaware limited partnership (“Blackstone Group”), (ii) Blackstone Holdings I L.P., a Delaware limited partnership (“Blackstone Holdings”), (iii) New Advisory GP L.L.C., a Delaware limited liability company and wholly-owned subsidiary of Blackstone Holdings (together with Blackstone Holdings, collectively, “Blackstone” and Blackstone, together with the Blackstone Group, collectively, the “Blackstone Parties”), (iv) New Advisory L.P., a Delaware limited partnership wholly-owned by Blackstone Holdings and certain of its Affiliates (as limited partners) and New Advisory GP L.L.C. (as general partner) (the “Acquirer”), (v) PJT Capital LP, a Delaware limited partnership (the “Partnership”), (vi) PJT Management, LLC, a Delaware limited liability company and the general partner of the Partnership (the “General Partner”), (vii) Mr. Paul J. Taubman (the “Founder”) an
