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Extract to table / kellner-separation-agreement.docx
kellner-separation-agreement.docx
Parties
ARDENT CAPITAL GP III LLC
ARDENT CAPITAL MANAGEMENT LLC
Prestige Registered Agents LLC
Ardent Capital Partners III LP
Ardent Capital Holdings LLC
Ardent GP Intermediate LLC
Chase LLP
Restated GP LLC
Dates
February 28, 2024
June 15, 2019
November 2, 2023
February 14, 2024
September 30, 2023
March 31, 2024
December 31, 2023
January 1, 2024
March 31, 2026
December 31, 2029
Amounts
$2,800,000,000
$87,600,000
$3,942,000
$13,140,000
$17,150,000
$2,572,500
$350,000
$700,000
$87,500
$6,300,000
Obligations
1 Retirement and Separation Date (a) Kellner's retirement from the Ardent Capital platform shall be effective as of March 31, 2024 (the "Separation Date")
2 Withdrawal from General Partner (a) Effective as of the Separation Date, Kellner shall withdraw as a member of Ardent Capital GP III LLC
Kellner's fifteen percent (15%) membership interest in the General Partner shall be cancelled in full as of the Separation Date, and Kellner shall have no further rights, interests, or obligations as a member of the General Partner, except as expressly set forth in this Agreement
The Second Amended and Restated GP LLC Agreement shall be in form and substance reasonably acceptable to the Parties and shall be executed and delivered concurrently with the effectiveness of this Agreement
3 Withdrawal from Management Company (a) Effective as of the Separation Date, Kellner shall withdraw as a member of Ardent Capital Management LLC
Kellner's membership interest in the Management Company shall be cancelled in full as of the Separation Date, and Kellner shall have no further rights, interests, or obligations as a member of the Management Company, except as expressly set forth in this Agreement