SEPARATION AGREEMENT AND GENERAL RELEASE
This SEPARATION AGREEMENT AND GENERAL RELEASE (“Agreement”) is made and entered into by and between Jeff P. Gehl (“Executive”) and RCP Advisors 3, LLC, a Delaware limited liability company (“RCP”) and P10 Holdings, Inc., a Delaware corporation (“P10”), (together with RCP, the “Company”).
RECITALS:
WHEREAS, RCP and Executive entered into an Employment Agreement dated January 1, 2018, setting forth the terms and conditions of Executive’s employment as Managing Partner and Vice President of RCP (the “Employment Agreement”);
WHEREAS, on January 1, 2021, Executive entered into an Amendment to the RCP Employment Agreement amending the Employment Agreement to add P10 as a party and to amend certain other terms and conditions of Executive’s employment as Head of Marketing and Distribution for P10 and Executive’s continued employment as Managing Partner and Vice President of RCP (the “Amended Employment Agreement”);
WHEREAS, Executive will retire from his employment with the Company effective May 15, 2023 (the “Separation Date”); and
WHEREAS Company and Executive enter into this Agreement to, amongst other things, supersede (as of the Effective Date) the terms of the Employment Agreement and Amended Employment Agreement and to set forth Executive’s post-Separation Date benefits and obligations.
NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties, and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:
1
2
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
3
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
4
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
5
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
6
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
7
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
8
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
9
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
10
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
[Signature Page Follows]
11
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1
READ CAREFULLY BEFORE SIGNING
This is a legally binding document. This Agreement contains a release and waiver of Executive’s rights under federal, state and local laws, rules, regulations and ordinances. By signing this Agreement, Executive understands that Executive is waiving any and all rights Executive has, had, may have or may have had against the Company under such laws. Before signing, Executive should review this Agreement carefully and seek the advice of an attorney to discuss this Agreement including the legal effect of signing this Agreement. By signing below, the Parties represent to each other that they have reviewed and discussed this Agreement with an attorney, have satisfied themselves that they fully understand the terms of this Agreement, and are voluntarily executing this Agreement only after such consultation.
/s/ Jeff P. Gehl
Jeff P. Gehl
Dated: May 12, 2023
By:/s/ Charles Huebner
RCP Advisors 3, LLC
By: /s/ Robert Alpert
P10, Inc.
By: /s/ Robert Alpert
P10 Holdings, Inc.
12
DOCPROPERTY "DocID" \* MERGEFORMAT 4876-0893-9619.1