Subject: Burnham Asset Management - draft termination agreement
From: "Mesires, George R." <[email-masked]>
To: "Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>
Cc: "Schwartz II, Randall R." <[email-masked]>, "Klinefeldt, Nicholas A." <[email-masked]>, "MacPhail, Michael R." <[email-masked]>
Date: Wed, 11 May 2016 18:37:09 +0000

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
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