Document:

EX-10.1

 Exhibit 10.1 

 

					
	 

	  		  	Knight Capital Americas LLC
	  		  	545 Washington Boulevard
	  		  	Jersey City, New Jersey 07310
	  		  	Tel 201.222.9400
	  		  	Toll Free 800.544.7508
	  		  	www.knight.com

 May 10, 2013 
 Robert Lyons 
 c/o Knight Capital Americas LLC 

33 Benedict Place, 4th Floor 
 Greenwich,
Connecticut 06830 
  

	Re:	Transition and Separation from Employment 

 Dear Bob: 
 This letter agreement (the “Agreement and Release” or the
“Agreement”) between you and Knight Capital Americas LLC, a Delaware limited liability company, having its principal place of business at 545 Washington Boulevard, Jersey City, NJ 07310 and Knight Capital Group, Inc., a Delaware
corporation (hereinafter collectively referred to with Knight Capital Americas LLC as “Knight” or the “Company”), confirms our understanding and agreement with respect to your termination of employment with the Company, which is
subject to the closing of the sale of the U.S. assets of the Company’s Institutional and Fixed Income Sales and Trading business (“KFI”) to Stifel, Nicolaus & Company, Incorporated (“Stifel”) and the release of the
U.K. employees of KFI to Stifel, as follows: 
 1. Termination. You confirm the termination of your employment will be effective at the
close of business on the date on which Knight determines, in its estimation, that your services are no longer needed, but no earlier than June 30, 2013 (hereinafter, the “Separation Date”). You agree that thereafter, you will not
represent yourself to be associated in any capacity with the Company or the Releasees (as defined below). You further agree to cooperate and execute administrative documents necessary to effectuate such termination. By this Agreement and Release,
the employment agreement between you and the Company (and any predecessor agreement)(the “Employment Agreement”) is terminated and superseded by this Agreement and Release as of the Separation Date, except as may be specifically provided
herein. You understand and agree that the terms of the Confidential Information and Invention Assignment Agreement (the “Confidentiality Agreement”) between you and the Company remains in full force and effect. In the event the provisions
of this Agreement and Release conflict with the provisions of the Confidentiality Agreement, the provisions of this Agreement and Release shall govern, except with regard to the choice of law and personal jurisdiction provisions, in which event the
Confidentiality Agreement shall govern as to those provisions, or as otherwise stated below. 

 2. Compensation. Regardless of whether you sign this Agreement and Release, your total and final
compensation, payments and benefits from the Company shall be as follows (subject to applicable deductions and withholdings): 

a. You will continue to receive your salary at the current rate of your base compensation through the Separation Date, payable in
accordance with the Company’s payroll practices and your override payment related to transactions in accordance with the Company’s past payroll practices. 
 b. Your group medical and dental insurance benefits will remain in effect through the Separation Date. Thereafter, you will be eligible to participate in COBRA for medical and dental insurance for a
period of up to eighteen (18) months, provided that you remain eligible for such coverage pursuant to COBRA. You will be provided with documentation necessary in order to apply for such continued COBRA coverage. You will be responsible for all
COBRA premium payments, except as otherwise stated herein. 
 c. Upon the Separation Date or the date on which your employment
otherwise terminates, whichever date is earlier, you will cease to actively participate in all other benefit plans and programs, including, but not limited to, the Company’s 401(k) plan and any entitlements thereunder will be governed by the
terms of such plans and programs. You agree that any amounts payable under this Paragraph 2 will not be taken into account in determining any such entitlements. 
 d. You will be paid your accrued and unused vacation time in a lump sum as soon as practicable after the Separation Date. 
 e. You will be reimbursed for approved and authorized out-of-pocket travel and business expenses incurred through your Separation Date, as soon as practicable thereafter. 

f. Any unvested restricted stock units as of the Separation Date shall vest and settle in accordance with the applicable award agreement
and equity incentive plan; provided that, to the extent that any of the restricted stock units constitute nonqualified deferred compensation subject to Section 409A (as defined below) and the settlement of such restricted stock units would
result in the imposition of additional tax or penalties under Section 409A, such restricted stock units will be settled on the first business day after the date that is six month following the Separation Date. 

3. Transition Pay and Benefits. Knight desires to provide an incentive to you to remain employed for a Transition Period (as defined below) and to
comply with the terms and conditions of this Agreement, as set out below. Subject to the closing of the sale of the U.S. assets of KFI to Stifel and the release of the U.K. employees of KFI to Stifel, Knight shall provide the transition pay and
benefits under the terms and conditions set forth in this Agreement if you remain employed during the Transition Period. Any transition pay and benefits paid to you shall be in addition to other compensation and benefit plans to which you may
otherwise be entitled. 

 a. Transition Period. The “Transition Period” shall begin on May 10, 2013 and
shall end on the Separation Date. You remain an employee-at-will during the entire time of employment with Knight. 
 b.
Transition Pay and Benefits. If you agree to be employed during the entire Transition Period and comply with all other conditions stated in this Agreement: (1) Knight will pay you in the total amount of $500,000 dollars as a transition payment
as of your last date of employment with Knight and in recognition of your efforts associated with the sale of the U.S. assets of KFI to Stifel, less applicable deductions and withholding, (the “Transition Payment”), provided that you have
signed and not revoked this Agreement and Addendum A within the revocation periods set forth in Paragraph 23.e. of this Agreement and Section g. of Addendum A; and (2) Knight shall provide certain continued health and dental coverage as
described in Paragraphs 4b. and 4c. of this Agreement. Addendum A to the Agreement must be signed between the Separation Date and fifteen days after the Separation Date and must be received by the Company by the fifteenth calendar day after the
Separation Date. The Transition Payment shall be paid in one lump sum payment within twenty-one (21) days of receiving a signed copy of Addendum A to this Agreement from you, provided that you have not revoked this Agreement or Addendum A
within the revocation periods outlined in Paragraph 23.e. of this Agreement and Section g. of Addendum A. 
 c. Conditions
Required for Transition Pay and Benefits. In addition to remaining employed during the Transition Period, you also must comply with the following conditions in order to receive the Transition Payment and benefits. 

(i) Efforts on Knight’s Behalf. You agree that during the period of time that you remain employed by Knight, you will continue to
work for Knight in good faith, comply with Knight’s employee rules and use your best efforts in Knight’s behalf. 

(ii) Resignation and Termination for Cause. You shall not resign your employment prior to the end of the Transition Period, nor shall you
commit any action that results in termination for Cause. For purposes of this Agreement and Release, “Cause” shall be defined as follows: (i) deliberate or intentional failure by you to perform your material duties, including your
intentional refusal to act upon a reasonable instruction of management; (ii) an act of fraud, embezzlement, or theft or other material violation of law or applicable regulation by you; (iii) intentional wrongful damage by you to material
assets of the Company or its subsidiaries; (iv) intentional wrongful disclosure by you of material confidential information of the Company or its subsidiaries; (v) intentional wrongful engagement by you in any competitive activity which
would constitute a breach of this Agreement and/or of your duty of loyalty; (vi) your violation of the Company’s Code of Business Conduct and Ethics or employee manual (or versions pertaining to any of the Company’s subsidiaries)
which violation is not cured, to the extent practicable, within ten (10) days after notice to you of such violation; (vii) your failure to acquire or maintain any registration, license or other approval required by the Company or its
subsidiaries, in its sole discretion, to perform your duties hereunder (unless such failure is curable within a reasonable period of time as determined by the Company (or its subsidiaries) in its sole discretion); (viii) your violation of any
law, rule, or regulation of any governmental authority, securities exchange or association or other regulatory or self-regulatory body which violation is not cured, to the extent permitted or possible, immediately upon notice

 
to you of such violation; (ix) your conviction of, or a plea of nolo contendere, a guilty plea or confession by you to any felony, or a misdemeanor involving moral turpitude; or
(x) your material breach of any material provision of this Agreement and Release or the Employment Agreement, which breach has not been cured within ten (10) days after notice to you of such violation. 

(iii) Compliance with Applicable Laws. You shall at all times comply with laws (whether domestic or foreign) applicable to your actions
on behalf of Knight. 
 (iv) Confidentiality of this Agreement and Release. You shall at all times keep confidential (except for
disclosure to your spouse, accountant and attorney) the terms and conditions of this Agreement and Release. 
 (v) Execution of
this Agreement and Release. You shall sign and provide a signed copy of this Agreement and Release (without the Addendum) to Knight by the Effective Date noted in Paragraph 23.e. 
 4. Separation Pay and Benefits. If, in addition to fulfilling your other obligations under this Agreement and Release, and in exchange for remaining employed during the entire Transition Period and
you sign Addendum A on or within fifteen (15) days following your last day of work and do not revoke this Agreement and Release or Addendum A within the applicable revocation periods, and specifically in consideration of your signing this
Agreement and Addendum A and subject to the limitations, obligations, and other provisions contained in this Agreement, Knight agrees as follows: 
 a. To pay you severance in the amount of $115,385 dollars, less applicable deductions and withholding, which is the equivalent of your base salary for 12 weeks, to be paid in a lump sum not later than
twenty-one (21) business days after receipt of a signed copy of Addendum A to this Agreement from you, provided that you have not revoked this Agreement or Addendum A within the revocation periods outlined in Paragraph 23.e. of this Agreement
and Section g. of Addendum A. Addendum A to the Agreement must be signed between the Separation Date and fifteen days after the Separation Date and must be received by the Company by the fifteenth calendar day after the Separation Date. The payment
described in this Paragraph 4.a. shall be considered timely if placed in the U.S. Mail, postage prepaid, and postmarked on the date such payment is due. If the date such payment would be due falls on a weekend or holiday, payment shall be considered
timely if it is placed in the U.S. Mail, postage prepaid, on the next business day following such weekend or holiday. 
 b. To
pay from the conclusion of the Transition Period through the last day of the month in which the Separation Date occurs, the employer portion of the premiums for health and dental insurance coverage under Knight’s group health and dental
insurance plans. By your signature below, you acknowledge and agree that Knight may modify or terminate its group insurance plans at any time and that you shall have the same right to participate in Knight’s group insurance plans only as is
provided on an equivalent basis to Knight’s active employees. You further agree to promptly provide Knight notice if you become covered or eligible to be covered under the health and/or dental insurance policy of a new employer. Notwithstanding
the foregoing, the COBRA period for continuation of your insurance coverage 

 
under Knight’s group plans will begin on the first day of the month following the month in which the Separation Date occurs. 

c. The Company will arrange to pay directly the premiums relating to the first four months of your coverage under COBRA, and, thereafter,
continued coverage will be at your expense. No premium will be paid for any period of coverage after you are eligible to elect for comparable coverage on another employer’s group health plan. Payment of the premiums by the Company for the first
4 months of your coverage under COBRA is contingent upon your initial and continuing eligibility for such coverage (and associated costs) as determined by, and subject to your present eligibility for such coverage. 

d. Subject to your continued employment during the entire Transition Period and you executing Addendum A on or within fifteen
(15) days following your last day of work and you not revoking this Agreement and Release or Addendum A within the applicable revocation periods, the Company will make a lump sum retention and transition payment to you in the sum of $1,000,000
dollars within twenty-one (21) days of receiving a signed copy of Addendum A to this Agreement from you, provided that you have not revoked this Agreement or Addendum A within the revocation periods outlined in Paragraph 23.e. of this Agreement
and Section g. of Addendum A; provided, however, that to the extent that your employment continues after June 30, 2013 as contemplated by Paragraph 1 of this Agreement, the parties agree to use best efforts to determine a
reasonable additional payment to compensate you for the additional service period. 
 e. Pursuant to the execution of this
Agreement and Release, you will be eligible for outplacement services with a value up to $1,500 to be provided by The Alan S. Harris Group (A Subsidiary of SAJ Partners, LLC) or Lee Hecht Harrison. These services must be utilized within six
(6) months from the Separation Date. 
 5. No Other Compensation. You understand and agree that the compensation, payments and
benefits provided for in Paragraphs 3 and 4 of this Agreement and Release are in excess of those to which you may be entitled from the Company or the Releasees, and you expressly acknowledge and agree that you are not entitled to any additional
compensation, payment or benefit from the Company or the Releasees, including, but not limited to, any compensation, payment or benefit under any Company severance plan or policy. You further acknowledge and agree that the benefits provided for in
Paragraphs 3 and 4 of this Agreement and Release include, and are in excess of, payment for sixty days of wages and benefits in lieu of notice under applicable state and federal worker adjustment and retraining notification acts. 

6. Waiver and Release By You. Specifically in consideration of the separation and transition pay and benefits described in Paragraphs 3 and 4 of
this Agreement and Release, and to which you would not otherwise be entitled, by signing this Agreement, you agree as follows: 

a. To the fullest extent permitted by law you hereby IRREVOCABLY AND UNCONDITIONALLY RELEASE, WAIVE AND FOREVER DISCHARGE the Company and
the Releasees (as defined below) from any and all legally waiveable agreements, promises, liabilities, claims, demands, rights and entitlements of any kind whatsoever, in law or equity, whether known or unknown, asserted or unasserted, fixed or
contingent, apparent or concealed, 

 
which you, your heirs, executors, administrators, successors or assigns ever had, now have or hereafter can, shall or may have for, upon, or by reason of any matter, cause or thing whatsoever
existing, arising or occurring at any time on or prior to the date you execute this Agreement and Release, including, without limitation, any and all claims arising out of or relating to your employment, compensation and benefits with the Company
and/or the termination thereof, and any and all contract claims, benefit claims, tort claims, fraud claims, claims under any employment agreement (and any predecessor agreement), commission claims, claims related to equity awards granted pursuant to
any and all Company equity plans, defamation claims, disparagement claims, or other personal injury claims, claims related to any bonus compensation, claims for accrued vacation pay, claims for wrongful discharge of any type, including, but not
limited to, in violation of public policy, claims in violation of any federal, state or local worker adjustment and retraining notification act, claims under any federal, state or municipal wage payment, discrimination or fair employment practices
law, statute or regulation, claims of retaliation for asserting any rights or claims, claims for discrimination or harassment on any basis prohibited by law, and claims for costs, expenses, additional taxes, penalties and damages of any nature, as
well as attorneys’ fees with respect to any possible claim, except that the Company’s obligations under this Agreement and Release shall continue in full force and effect in accordance with its terms. THIS RELEASE AND WAIVER INCLUDES,
WITHOUT LIMITATION, ANY AND ALL RIGHTS AND CLAIMS UNDER TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED, THE CIVIL RIGHTS ACT OF 1991, THE CIVIL RIGHTS ACT OF 1866 (42 U.S.C. 1981), THE AGE DISCRIMINATION IN EMPLOYMENT ACT, 29 U.S.C. §
621 ET SEQ., THE OLDER WORKERS BENEFIT PROTECTION ACT OF 1990, THE EMPLOYEE RETIREMENT INCOME SECURITY ACT, AS AMENDED, THE AMERICANS WITH DISABILITIES ACT, AS AMENDED, THE FAMILY AND MEDICAL LEAVE ACT, THE SARBANES-OXLEY ACT OF 2002, THE LILLY
LEDBETTER FAIR PAY ACT, THE CONNECTICUT FAIR EMPLOYMENT PRACTICES ACT, THE CONNECTICUT UNFAIR TRADE PRACTICES ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT; and all other federal, state or local fair employment practices statutes,
ordinances, regulations or constitutional provisions; provided, however, that this waiver and release shall not prohibit you from enforcing your rights under this Agreement and Release. 

b. You are not, by signing this Agreement and Release, releasing or waiving (1) any rights or claims that may arise after the
Agreement and Release is signed, (2) the post-employment benefits and payments specifically promised to you under this Agreement and Release, (3) the right to institute legal action for the purpose of enforcing the provisions of this
Agreement and Release, (4) the right to apply for state unemployment or workers’ compensation benefits, if available, or (5) any claims that controlling law clearly states may not be released by private agreement. 

c. To the fullest extent permitted by law, you represent and affirm that: (i) you have not filed or caused to be filed on your
behalf any claim for relief against the Company before any arbitral, administrative, regulatory, self-regulatory, judicial, legislative, or other body or agency, and, to the best of your knowledge and belief, no outstanding claims for relief have
been filed or asserted against the Company on your behalf, whether in your name or on your behalf as part of a class, collective or representative action; and (ii) you have not reported any purported improper, unethical or illegal conduct or
activities to any supervisor, manager, 

 
department head, Human Resources representative, agent or other representative of the Company, to any member of Knight’s legal or compliance departments, or to the Company’s Ethics
Committee, and have no knowledge of any such improper, unethical or illegal conduct or activities. 
 d. For the purpose of
implementing a full and complete release and discharge of claims, you expressly acknowledge that this Agreement and Release is intended to include in its effect, without limitation, all the claims described in the preceding Paragraph 5(a), whether
known or unknown, apparent or concealed, and that this Agreement and Release contemplates the extinction of all such claims, including claims for attorney’s fees. You expressly waive any right to assert after the execution of this Agreement and
Release that any such claim, demand, obligation or cause of action has, through ignorance or oversight, been omitted from the scope of this Agreement and Release. 
 e. For purposes of this Agreement and Release, the terms “the Company and the Releasees” and “the Company or the Releasees”, include Knight Capital Americas LLC, Knight Capital Group,
Inc., and any past, present and future direct and indirect parents, subsidiaries, affiliates, divisions, predecessors, successors, and assigns, and their and Knight’s past, present and future officers, directors, shareholders, representatives,
employees, agents and attorneys, in their official and individual capacities, and all other related individuals and entities, jointly and individually, and this Agreement and Release shall inure to the benefit of and be enforceable by all such
entities and individuals and their successors and assigns. 
 f. You release all claims for events or omissions occurring prior
to the date of this Agreement and Release, except that nothing in this Agreement and Release shall be construed to prevent you from filing or participating in a charge of discrimination filed with the Equal Employment Opportunity Commission
(“EEOC”) or any similar state agency, or a charge with the National Labor Relations Board (“NLRB”) or any other governmental agency. However, by signing this Agreement and Release, you waive the right to recover any monetary
damages, personal relief or attorneys’ fees from the Company or the Releasees in any claim, charge or lawsuit filed by you or any other person or entity. 
 7. Admissions. Nothing contained in this Agreement and Release shall be deemed to constitute an admission or evidence of any wrongdoing or liability on the part of the Company or Releasees.

 8. Return of Documents and Property. On or before the Separation Date, you will return to the Company all known equipment, data,
material, books, records, documents (whether stored electronically or on computer hard drives or disks), computer disks, credit cards, Company keys, I.D. cards and other property, including, without limitation, stand alone computer, fax machine,
printers, telephones, and other electronic devices in your possession, custody, or control which are or were owned and/or leased by the Company in connection with the conduct of the business of the Company (collectively referred to as “Company
Property”). You further warrant that you have not retained, or delivered to any person or entity, copies of Company Property or permitted any copies of Company Property to be made by any other person or entity. 

 9. Non-Disparagement. You shall not issue, authorize or condone any disparaging comments or
statements, to present or former employees of Knight (or of its subsidiaries or affiliates), or to any individual or entity with whom or which Knight or any of its subsidiaries or affiliates has a business relationship, or to others, which could
affect adversely the conduct of Knight’s business or its reputation or the conduct of business or the business or reputation of any of Knight’s current or former parents, subsidiaries, affiliates, officers, directors or employees.

 10. Confidentiality. You agree to maintain the confidentiality of, and refrain from disclosing, making public, or discussing in any
way whatsoever the terms and conditions of this Agreement and Release. Notwithstanding the foregoing, it is understood that as the sole exceptions to this confidentiality provision: (i) you may discuss this Agreement and Release with your
spouse and immediate family; (ii) you may discuss this Agreement and Release with your attorneys; (iii) you may permit appropriate public accountants to review this Agreement and Release in connection with the conduct of an audit, and may
permit attorney(s), accountant(s) and tax advisor(s) of your choice to review this Agreement and Release in connection with the receipt of advice on the taxability of the compensation, payments and benefits set forth in Paragraphs 3 and 4 of this
Agreement and Release, your rights hereunder, or to answer inquiries with respect thereto; (iv) you may disclose the terms of this Agreement and Release to the Internal Revenue Service and any similar state taxing authorities, if requested by
such authorities or as necessary to comply with all applicable income tax laws; and (v) you may disclose the terms of this Agreement and Release as provided for in Paragraph 12 below. To the extent that you divulge the terms of this Agreement
and Release to any of the individuals described in (i), (ii) and (iii) above, you shall advise each such individual of this confidentiality provision and instruct each such individual of the confidential nature of this Agreement and
Release and that each such individual must comply with the confidentiality terms of this Agreement and Release and not divulge any of its terms and conditions thereof. 
  

	11.	Confidentiality; Non-Disclosure. Except as otherwise provided in this document: 

a. You agree that you will keep confidential, and not disclose, nor use for your benefit or the benefit of any other person or entity,
any written material, records, documents or information made by you or coming into your possession during the course of your employment with Knight, information which is confidential or proprietary or which constitutes trade secrets of Knight and
which: (i) has not been disclosed publicly by Knight, (ii) is otherwise not a matter of public knowledge, or (iii) is a matter of public knowledge but which you have reason to know became a matter of public knowledge through an
unauthorized disclosure. Proprietary or confidential information shall include information that has been developed by Knight and is unique to Knight, the unauthorized disclosure or use of which could reduce the value of such information to Knight.
Such information also includes, without limitation, Knight’s client lists, its trade secrets, any confidential information about (or provided by) any current or former officer, director, employee, client or prospective client of Knight, and any
written material referring or relating to legal, litigation or regulatory matters. Nothing herein shall prevent you from retaining and utilizing your personal records, including copies of benefit plans and programs in which you retain an interest,
desk calendars or other personal office effects. 

 b. You agree you shall not issue, authorize, or condone comments or statements to the press
concerning Knight or any of its affiliates, officers, or vectors other than saying “I cannot comment.” You shall notify Knight’s General Counsel if you have been contacted by the press or broadcast media. 

c. Nothing in Paragraphs 11(a) or 11(b) shall limit, restrict or narrow your confidentiality obligations under the Confidentiality
Agreement referred to in Paragraph 1 of this Agreement and Release. 
 12. Permitted Disclosure. 

a. Nothing in this Agreement and Release shall prohibit or restrict you from: (i) making any disclosure of information required by
law or legal process; (ii) providing information to, or testifying or otherwise participating in or assisting in any investigation or proceeding brought by, any federal or state regulatory or law enforcement agency or legislative body, any
self-regulatory organization, or Knight’s Legal or Compliance Departments; or (iii) testifying, participating in or otherwise assisting in a proceeding relating to an alleged violation of Sarbanes-Oxley Act or any federal, state or
municipal law relating to fraud or any rule or regulation of the Securities and Exchange Commission or any self-regulatory organization. 
 b. To the extent permitted by law, you agree to give Knight timely and prompt written notice (in the manner provided for herein) of the receipt of any subpoena, court order or other legal process
compelling the disclosure of any information and/or documents described so as to allow Knight reasonable opportunity to take such action as may be necessary in order to protect such information and/or documents from disclosure. 

13. Cooperation You agree to cooperate with Knight and its counsel in connection with any investigation, administrative proceeding or litigation
relating to any matter in which you were involved or of which you have knowledge as a result of your employment by Knight. 
 14.
Non-Solicit. That until December 31, 2014, you will not, without the prior written consent of Knight or GETCO Holding Company, LLC (“GETCO”), directly or indirectly solicit, encourage, or induce any employee of Knight or GETCO
or their respective affiliated entities to terminate his or his employment with Knight or GETCO. It is understood and agreed that upon the Separation Date you shall not be subject to any non-competition restrictions or any restrictions pertaining to
non-solicitation of customer or clients. 
 15. Modifications. This Agreement and Release may not be changed orally, and no modification,
amendment or waiver of any of the provisions contained in this Agreement and Release, nor any future representation, promise or condition in connection with the subject matter of this Agreement and Release, shall be binding upon any party hereto
unless made in writing and signed by such party. 
 16. Governing Law. This Agreement and Release shall be subject to and governed by and
interpreted in accordance with the laws of the State of Connecticut without regard to conflicts of law principles. You hereby: (i) irrevocably submit to the jurisdiction of any arbitration panel or any state or federal court sitting in the State of
Connecticut, for the purposes 

 
of any suit, action or other proceeding arising out of or relating to this Agreement and Release; and (ii) waive and agree not to assert in any such proceeding a claim that you are not
personally subject to the jurisdiction of the court referred to above, or that the suit or action was brought in an inconvenient forum. 
 17.
Assignment. This Agreement and Release shall be binding upon you and your executors, administrators, heirs and legal representatives. The Company may, at its sole discretion, sell or otherwise assign any rights, obligations or benefits it has
under this Agreement and Release. You may not sell or otherwise assign any rights, obligations or benefits under this Agreement and Release, and any attempt to do so shall be void. This Agreement and Release shall be binding on Knight’s
successors and assigns. 
 18. Entire Agreement. This Agreement and Release contains the entire agreement between the parties and
supersedes and terminates any and all previous agreements between them, whether written or oral, except as specifically set forth herein. 
 19.
Specific Enforcement. The parties agree that this Agreement and Release may be specifically enforced in court or arbitration and may be used as evidence in a subsequent proceeding in which any of the parties allege a breach of this Agreement
and Release. In the event any action, suit or other proceeding is brought to interpret, enforce or obtain relief from a breach of this Agreement and Release, the prevailing party shall recover all such party’s costs, expenses and
attorneys’ fees incurred in each and every such arbitration, action, suit or other proceeding, including any and all appeals or petitions therefrom. 
 20. Notices. All notices in connection with or provided for under this Agreement and Release shall be validly given or made only if made in writing and delivered personally, by facsimile or mailed
by registered or certified mail, return receipt requested, postage prepaid, to the party entitled or required to receive the same, as follows: 
 If to Robert Lyons, addressed to: 
 Address most recently in the Company’s
files. 
 If to the Company, addressed to: 
 Joan Fader 
 Knight Capital Group, Inc. 

545 Washington Boulevard, 3rd Floor 
 Jersey City, New Jersey 07310 
 PHONE: 201-557-6861 

FAX: 201-222-7869 
 or at such
other address as either party may designate to the other by notice similarly given. Notice shall be deemed to have been given upon receipt in the case of personal delivery or facsimile and upon the date of receipt indicated on the return receipt in
the case of mail. 
 21. Severability. If, at any time after the Effective Date (as defined below) of this Agreement, any provision of
this Agreement shall be held by any court or other forum of 

 
competent jurisdiction to be illegal, void, or unenforceable, such provision shall be of no force and effect. The illegality or unenforceability of such provision, however, shall have no effect
upon, and shall not impair the enforceability of, any other provision of this Agreement; provided, however, that upon a finding by a court of competent jurisdiction that the release set forth in Paragraph 6 is illegal and/or
unenforceable, Knight shall be released from any obligations hereunder. 
 22. Voluntary Acceptance. By signing this Agreement and
Release, you acknowledge and agree that: 
 a. You have entered into this Agreement and Release knowingly and voluntarily;

 b. You have read and understand, the entire Agreement and Release and Addendum A; 

c. You have been advised in writing to consult with counsel of your choice before signing this Agreement and Release and Addendum A;

 d. You have been provided with information in writing (see Attachment A) about: 

 

	 	(i)	The class, unit or group covered by the offer of an opportunity to enter into an Agreement and Release in exchange for benefits; 

 

	 	(ii)	The eligibility factors for the offer of an opportunity to enter into an Agreement and Release in exchange for benefits; 

 

	 	(iii)	Any time limits applicable to the offer of an opportunity to enter into an Agreement and Release in exchange for benefits; 

 

	 	(iv)	The job titles and ages of all individuals who are eligible for the opportunity to enter into an Agreement and Release in exchange for benefits;

  

	 	(v)	The job titles and ages of all individuals in the same job classification or organizational unit who are not eligible for the opportunity to enter into an Agreement and
Release in exchange for benefits. 

 23. Acknowledgment. By signing this Agreement and Release, you certify that:

 a. You have read the terms of this Agreement and Release, that you fully understand it and by your execution of this
Agreement and Release and Addendum A you are confirming that this Agreement and Release conforms to your understanding and is acceptable to you as a final agreement. 

 b. Pursuant to Paragraph 6 above, by signing this Agreement and Release, you waive and
release any and all claims you may have or have had against the Company and the Releasees, including, without limitation, claims under the Age Discrimination in Employment Act. 

c. You have been advised in writing to consult with counsel of your choice before signing this Agreement and Release. 

d. You have been given a reasonable and sufficient period of time of not less than forty-five (45) days in which to consider and
return this Agreement and Release. You have obtained independent legal advice from an attorney of your own choice with respect to this Agreement, or you have knowingly and voluntarily chosen not to do so. 

e. You further acknowledge and agree that upon your execution and return of this Agreement and Release, you will be permitted to revoke
the Agreement and Release at any time during a period of seven (7) days following your execution hereof. To be effective, the revocation must be in writing and must be hand-delivered or telecopied to the Company within the seven (7) day
period. This Agreement and Release will not be effective until the seven (7) day period has expired without revocation, the “Effective Date.” If the Agreement and Release is not executed and returned on or before June 22, 2013,
or if this Agreement and Release is executed and then revoked within the aforementioned seven (7) day period, this Agreement and Release will be of no further force or effect, and neither you nor the Company will have any rights or obligations
hereunder. 
 24. Code Section 409. To the extent applicable, it is intended that this Agreement and Release comply with or as
applicable, constitute a short-term deferral or otherwise be exempt from the provisions of Section 409A of the internal revenue code of 1986, as amended and the regulations and guidance promulgated there under (“Section 409A”). This
Agreement and Release will be administered and interpreted in a manner consistent with this intent, and any provision that would cause this Agreement and Release to fail to satisfy Section 409A will have no force and effect until amended to
comply therewith (which amendment may be retroactive to the extent permitted by Section 409A). You and Knight agree that your termination of employment shall be considered a “separation from service” from the Company within the
meaning of Section 409A. To the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this
Agreement and Release during the six-month period immediately following your separation from service shall instead be paid on the first business day after the date that is six months following your termination of employment (or upon your death, if
earlier). In addition, for purposes of this Agreement and Release, each amount to be paid or benefit to be provided to you pursuant to this Agreement and Release shall be construed as a separate identified payment for purposes of Section 409A.
With respect to expenses eligible for reimbursement under the terms of this Agreement and Release, (i) the amount of such expenses eligible for reimbursement in any taxable year shall not affect the expenses eligible for reimbursement in
another taxable year and (ii) any reimbursements of such expenses shall be made no later than the end of the calendar year following the calendar year in which the related expenses were incurred, except, in each case, to the extent that the
right to reimbursement does not provide for a “deferral of compensation” within the meaning of Section 409A or as otherwise 

 
set forth in Section 2 of this Agreement and Release. The Company makes no representation that any or all of the payments described in this Agreement and Release will be exempt from or
comply with Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. You understand and agree that you shall be solely responsible for the payment of any taxes and penalties
incurred under Section 409A. 
 We appreciate your service to Knight, and we wish you the best in all your future endeavors. 

Sincerely yours, 
 Knight Capital Americas LLC

  

			
	By:	 	/s/ Steven Bisgay
		 	Steven Bisgay
		 	Executive Vice President, Chief Operating Officer and Chief Financial Officer
		 	Knight Capital Group, Inc.
		 	On behalf of Knight Capital Americas LLC

  

					
	 /s/ Robert Lyons
	  		  	Date:    May 10, 2013
	Robert Lyons	  		  	
			
	Subscribed and sworn to before me	  		  	
			
	This 10th day of May 2013	  		  	
			
	  
	  		  	
			
	  
	  		  	

 NOTARY PUBLIC 

 ATTACHMENT A 

 

	I.	CLASS, UNIT OR GROUP COVERED 

 Active employees of the business units listed in Exhibit 1 who were employed by Knight Capital Americas LLC or Knight Capital Group Inc., on or about January 28, 2013 through May 10, 2013.

  

	II.	ELIGIBILITY FACTORS 

All Trading and Sales Trading personnel, Operations, Technology, Legal and Compliance, Finance, Human Resources and Marketing and
Communications employees notified between January 28, 2013 and May 10, 2013 that their employment will be terminated are eligible for inclusion in this offer of the opportunity to enter into an Agreement and Release in exchange for
benefits. Individual employees have been selected for termination in connection with this separation program based on the following factors: company performance, individual employee performance, the shutdown of a business unit, the sale of Knight
Institutional Fixed Income Sales and Trading, business consolidation and client profitability. 
  

	III.	APPLICABLE TIME LIMITS 

 Eligible employees who are being offered the opportunity to enter into an Agreement and Release in exchange for benefits and who are forty (40) years of age and over as of May 8, 2013 have
forty-five (45) days to review and consider their Agreement and Release, and then will have seven (7) days following the execution of their Agreement and Release during which time they may revoke it. The Agreement and Release shall not
become effective or enforceable until after the expiration of the revocation period. 
  

	IV.	JOB TITLE AND AGES OF INDIVIDUALS ELIGIBLE AND NOT ELIGIBLE FOR THE OPPORTUNITY TO ENTER INTO AN AGREEMENT AND RELEASE IN EXCHANGE FOR BENEFITS.

 See Exhibit I (Excel spreadsheet) 

 ADDENDUM A 
 In consideration of the benefits described in paragraphs 3 and 4 of the Agreement and Release, I, Robert Lyons, agree as follows: 

 

	 	a.	I hereby do release, agree not to sue, and forever discharge the Company and Releasees (as defined below) of and from any and all manner of claims, demands, actions,
causes of action, administrative claims, liability, damages, claims for punitive or liquidated damages, claims for attorney’s fees, costs and disbursements, individual or class action claims, or demands of any kind whatsoever, I have or might
have against them or any of them, whether known or unknown, in law or equity, contract or tort, arising out of or in connection with my employment with Knight, or the termination of that employment, or otherwise, and however originating or existing,
from the beginning of time through the date of my signing this Addendum A. 

 I understand that this release
includes, without limiting the generality of the foregoing, any claims I may have arising out of or relating to my employment, compensation and benefits with the Company and/or the termination thereof, and any and all contract claims, benefit
claims, tort claims, fraud claims, claims under any employment agreement (and any predecessor agreement), commission claims, claims related to equity awards granted pursuant to any and all Company equity plans, defamation claims, disparagement
claims, or other personal injury claims, claims related to any bonus compensation, claims for accrued vacation pay, claims for wrongful discharge of any type, including, but not limited to, in violation of public policy, claims in violation of any
federal, state or local worker adjustment and retraining notification act, claims under any federal, state or municipal wage payment, discrimination or fair employment practices law, statute or regulation, claims of retaliation for asserting any
rights or claims, claims for discrimination or harassment on any basis prohibited by law, and claims for costs, expenses, additional taxes, penalties and damages of any nature, as well as attorneys’ fees with respect to any possible claim,
except that the Company’s obligations under the Agreement and Release shall continue in full force and effect in accordance with its terms. THIS RELEASE AND WAIVER INCLUDES, WITHOUT LIMITATION, ANY AND ALL RIGHTS AND CLAIMS UNDER TITLE VII
OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED, THE CIVIL RIGHTS ACT OF 1991, THE CIVIL RIGHTS ACT OF 1866 (42 U.S.C. 1981), THE AGE DISCRIMINATION IN EMPLOYMENT ACT, 29 U.S.C. § 621 ET SEQ., THE OLDER WORKERS BENEFIT PROTECTION ACT OF 1990, THE
EMPLOYEE RETIREMENT INCOME SECURITY ACT, AS AMENDED, THE AMERICANS WITH DISABILITIES ACT, AS AMENDED, THE FAMILY AND MEDICAL LEAVE ACT, THE SARBANES-OXLEY ACT OF 2002, THE LILLY LEDBETTER FAIR PAY ACT, THE CONNECTICUT FAIR EMPLOYMENT PRACTICES ACT,
THE CONNECTICUT UNFAIR TRADE PRACTICES ACT, THE WORKER ADJUSTMENT AND 

 
RETRAINING NOTIFICATION ACT; and all other federal, state or local fair employment practices statutes, ordinances, regulations or constitutional provisions; provided,
however, that this waiver and release shall not prohibit me from enforcing my rights under the Agreement and Release and this Addendum A. I hereby waive any and all relief not provided for in the Agreement and Release. I understand and agree
that, by signing this Addendum A, I waive and release any past, present, or future claim to employment with the Knight and I agree not to seek employment with Knight. 
  

	 	b.	I am not, by signing this Addendum A, releasing or waiving (1) any rights or claims that may arise after the date I sign Addendum A, (2) the post-employment
benefits and payments specifically promised to me under the Agreement and Release, (3) the right to institute legal action for the purpose of enforcing the provisions of the Agreement and Release and this Addendum A, (4) the right to apply
for state unemployment or workers’ compensation benefits, if available or (5) any claims that controlling law clearly states may not be released by private agreement. 

 

	 	c.	I affirm that I have not caused or permitted, and to the full extent permitted by law will not cause or permit to be filed, any charge, complaint, or action of any
nature or type against Knight, including but not limited to any action or proceeding raising claims arising in tort or contract, or any claims arising under federal, state, or local laws, including discrimination laws. If I file, or have filed on my
behalf, a charge, complaint, or action, I agree that the payment(s) and benefit(s) described in Paragraphs 3 and 4 of the Agreement and Release is/are in complete satisfaction of any and all claims in connection with such charge, complaint, or
action and I waive, and agree not to take, any award of money or other damages or other individual relief from such charge, complaint, or action. Further, to the fullest extent permitted by law, I represent and affirm that I have not reported any
purported improper, unethical or illegal conduct or activities to any supervisor, manager, department head, Human Resources representative, agent or other representative of Knight, to any member of Knight’s legal or compliance departments, or
to Knight’s Ethics Committee, and have no knowledge of any such improper, unethical or illegal conduct or activities. 

  

	 	d.	Nothing in this Addendum A shall be construed to prohibit me from filing a charge with or participating in any investigation or proceeding conducted by the Equal
Employment Opportunity Commission (“EEOC”), National Labor Relations Board (“NLRB”) or a comparable state or local agency. Notwithstanding the foregoing, I agree to waive my right to recover monetary damages or other individual
relief in any charge, complaint, or lawsuit filed by me or by anyone else on my behalf. 

  

	 	e.	 For purposes of this Addendum A, the terms “the Company and the Releasees” and “the Company or the Releasees”, include Knight
Capital Americas LLC, Knight Capital Group, Inc., and any past, present and future direct and indirect parents, subsidiaries, affiliates, divisions, predecessors, successors, and assigns,

	 	
and their and Knight’s past, present and future officers, directors, shareholders, representatives, employees, agents and attorneys, in their official and individual capacities, and all
other related individuals and entities, jointly and individually, and this Addendum A shall inure to the benefit of and be enforceable by all such entities and individuals and their successors and assigns. 

 

	 	f.	I represent that I have been given at least 45 days to consider the terms of this Addendum A before signing it. I knowingly and voluntarily waive the remainder of the
45-day consideration period, if any, following the date I sign this Addendum A below. I have not been asked by Knight to shorten my time-period for consideration of whether to sign this Addendum A. Knight has not threatened to withdraw or alter the
benefit due to me prior to the expiration of the 45-day consideration period. I understand that having waived some portion of the 45-day consideration period, Knight may expedite the processing of benefits provided to me in exchange for signing this
Addendum A. I agree with Knight that changes, whether material or immaterial, do not restart the running of the 45-day consideration period. 

  

	 	g.	I understand that if I sign this Addendum A to the Agreement and Release, I can change my mind and rescind it within seven (7) calendar days after signing it by
returning it with written revocation notice to Joan Fader, Managing Director. I understand that the release and waiver set forth in this Addendum A will not be effective until after this seven-day period has expired, and I will receive no separation
benefits until after, at least, the eighth day after I sign this Addendum A. 

  

	 	h.	I understand that following the seven-day rescission period, this Addendum A will be final and binding. I promise that I will not pursue any claim that I have settled
by the Agreement and Release that I previously signed or by this Addendum A, except as otherwise provided in the Agreement and Release and this Addendum A. 

 

	 	i.	I represent that I am age 40 or over and acknowledge that Knight has advised me of my right to consult with an attorney with respect to the Agreement and Release and
this Addendum A. 

  

	 	j.	I have not signed this Addendum A prior to the Separation Date. 

  

											
	 Dated:
	 	 May 10, 2013
	 		 		 		  	
		 	 /s/ Robert Lyons
 Robert LyonsEX-10.1

 Exhibit 10.1 
 LIMITED GUARANTEE 
 LIMITED GUARANTEE dated as of May 12, 2013 (this
“Limited Guarantee”), by Power Joy (Cayman) Limited (the “Guarantor”), in favor of AsiaInfo-Linkage, Inc., a Delaware corporation (the “Guaranteed Party”). 

Section 1.01. Limited Guarantee.  
 (a) To induce the Guaranteed Party to enter into that certain Agreement and Plan of Merger dated as of the date hereof (as amended, supplemented or otherwise modified from time to time in accordance with
its terms, the “Merger Agreement”), by and among the Guaranteed Party, Skipper Limited, a Cayman Islands exempted company with limited liability (“Parent”) and Skipper Acquisition Corporation, a Delaware corporation
and a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub will merge with and into the Guaranteed Party, the Guarantor, hereby absolutely, unconditionally and irrevocably guarantees to the Guaranteed
Party, as a primary obligor and not merely as a surety, the due and punctual performance and discharge of 37.393% (the “Percentage”) of all of the payment obligations of Parent and/or Merger Sub pursuant to Sections 7.17(c),
9.03(c), 9.03(d) and 9.03(e) of the Merger Agreement (collectively, the “Obligations”); provided that, notwithstanding anything to the contrary contained in this Limited Guarantee, in no event shall the Guarantor’s
aggregate liability under this Limited Guarantee exceed 37.393% of the Obligations less any amount actually paid by Parent and/or Merger Sub to the Guaranteed Party in respect of the Obligations multiplied by the Percentage (the “Maximum
Amount”). The Guaranteed Party acknowledges that in the event that Parent and/or Merger Sub has any unsatisfied Obligations, payment of the Guarantor’s Percentage of such unsatisfied Obligations by the Guarantor (or by any other
Person, including Parent and/or Merger Sub, on behalf of the Guarantor) shall constitute satisfaction in full of the Guarantor’s obligation with respect thereto. The Guarantor shall not have any obligations or liability to any Person relating
to, arising out of or in connection with this Limited Guarantee other than as expressly set forth herein, and the parties hereto hereby acknowledge and agree that this Limited Guarantee may not be enforced without giving effect to the Maximum Amount
and Sections 1.08 and 1.09. Concurrently with the delivery of this Limited Guarantee, the parties set forth on Annex A (each an “Other Guarantor”) are also entering into limited guarantees or similar agreements with the
Guaranteed Party substantially identical to this Limited Guarantee. Capitalized terms used but not defined in this Limited Guarantee shall have the meanings assigned to such terms in the Merger Agreement (as defined below). All payments hereunder
shall be made in lawful money of the U.S., in immediately available funds. The Guarantor shall make all payments hereunder free and clear of any deduction, offset, defense, claim or counterclaim of any kind, except as expressly provided in this
Limited Guarantee. The Guarantor acknowledges that the Guaranteed Party is entering into the Transactions in reliance upon the execution of this Limited Guarantee. 
 (b) Subject to the terms and conditions of this Limited Guarantee, if Parent and/or Merger Sub fails to pay the Obligations when due, then all of the Guarantor’s liabilities to the Guaranteed Party
hereunder in respect of such Obligations shall become immediately due and payable and the Guaranteed Party may, at the Guaranteed Party’s option, take any and all actions available hereunder or under applicable Law to collect such Obligations
from the Guarantor (subject to the Maximum Amount). 

 
In furtherance of the foregoing, the Guarantor acknowledges that the Guaranteed Party may, in its sole discretion, bring and prosecute a separate action or actions against the Guarantor for the
full amount of the Guarantor’s Percentage of the Obligations (subject to the Maximum Amount), regardless of whether any action is brought against Parent, Merger Sub or any Other Guarantor. The Guarantor agrees to pay on demand its Percentage of
all reasonable and documented out-of-pocket expenses (including reasonable fees and expenses of counsel) incurred by the Guaranteed Party in connection with the enforcement of its rights hereunder, which amounts, if paid, will be in addition to the
Obligations and not included within a determination of the Maximum Amount if the Guarantor fails or refuses to make any payment to the Guaranteed Party hereunder when due and payable. 

(c) The parties hereto acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Limited
Guarantee were not performed in accordance with its specific terms or were otherwise breached and further agree that the Guaranteed Party shall be entitled to an injunction, specific performance and other equitable relief against the Guarantor to
prevent breaches of this Limited Guarantee and to enforce specifically the terms and provisions hereof, in addition to any other remedy to which it is entitled at Law or in equity, and shall not be required to provide any bond or other security in
connection with any such order or injunction. The Guarantor further agrees not to oppose the granting of any such injunction, specific performance and other equitable relief on the basis that (x) the Guaranteed Party has an adequate remedy at
Law or (y) an award of an injunction, specific performance or other equitable relief is not an appropriate remedy for any reason at Law or in equity (collectively, the “Prohibited Defense”). 

Section 1.02. Nature of Guarantee. The Guaranteed Party shall not be obligated to file any claim relating to the Obligations
in the event that Parent and/or Merger Sub becomes subject to a bankruptcy, reorganization or similar proceeding, and the failure of the Guaranteed Party to so file shall not affect the Guarantor’s obligations hereunder. In the event that any
payment to the Guaranteed Party in respect of any Obligations is rescinded or must otherwise be returned for any reason whatsoever, the Guarantor shall remain liable hereunder with respect to such Obligations (subject to the Maximum Amount) as if
such payment had not been made. This is an unconditional guaranty of payment and not of collectability. The Guarantor reserves the right to assert defenses which Parent and/or Merger Sub may have to payment of any Obligations, other than defenses
arising from the bankruptcy or insolvency of Parent and/or Merger Sub and other defenses expressly waived hereby. The Guaranteed Party shall not be required to proceed against Parent, Merger Sub or any Other Guarantor first before proceeding against
the Guarantor. 

  
 2 

 Section 1.03. Certain Waivers.  

(a) The Guarantor agrees that, subject to Section 1.03(d)(i), the Guaranteed Party may at any time and from time to time, without
notice to or further consent of the Guarantor, extend the time of payment of any of the Obligations, and may also make any agreement with Parent, Merger Sub and/or any other Person interested in the Transactions for the extension, renewal, payment,
compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between the Guaranteed Party, Parent, Merger Sub and/or any other Person interested in the Transactions without in any
way impairing or affecting the Guarantor’s obligations under this Limited Guarantee. The Guarantor agrees that the obligations of the Guarantor hereunder shall not be released or discharged, in whole or in part, or otherwise affected by
(i) any failure or delay of the Guaranteed Party to assert any claim or demand or to enforce any right or remedy against Parent, Merger Sub and/or any other Person interested in the Transactions; (ii) any change in the time, place or
manner of payment of the Obligations or any rescission, waiver, compromise, consolidation or other amendment or modification of any of the terms of the Merger Agreement or any other agreement evidencing, securing or otherwise executed by Parent,
Merger Sub and the Guaranteed Party in connection with the Obligations; (iii) any legal or equitable discharge or release (other than as a result of payment in full of the Percentage of the Obligations in accordance with their terms, a
discharge or release of Parent and/or Merger Sub with respect to the Obligations under the Merger Agreement, or defenses to the payment of the Obligations that would be available to Parent and/or Merger Sub under the Merger Agreement) of the
Guarantor or any Person interested in the Transactions; (iv) any change in the corporate existence, structure or ownership of Parent, Merger Sub and/or any other Person interested in the Transactions; (v) any insolvency, bankruptcy,
reorganization or other similar proceeding affecting Parent, Merger Sub and/or any other Person interested in the Transactions; (vi) any existence of any claim, set-off or other right which the Guarantor may have at any time against Parent,
Merger Sub, any other Person interested in the Transactions and/or the Guaranteed Party, whether in connection with the Obligations or otherwise; or (vii) the adequacy of any other means the Guaranteed Party may have of obtaining repayment of
any of the Obligations. To the fullest extent permitted by Law, the Guarantor hereby expressly waives any and all rights or defenses arising by reason of any Law which would otherwise require any election of remedies by the Guaranteed Party. The
Guarantor waives promptness, diligence, notice of the acceptance of this Limited Guarantee and of the Obligations, presentment, demand for payment, notice of non-performance, default, dishonor and protest, notice of the incurrence of any Obligations
and all other notices of any kind (other than notices to Parent and/or Merger Sub pursuant to the Merger Agreement or notices expressly required to be provided pursuant to this Limited Guarantee), all defenses which may be available by virtue of any
valuation, stay, moratorium Law or other similar Law now or hereafter in effect, any right to require the marshaling of assets of any other Person interested in the Transactions, and all suretyship defenses generally, including, without limitation,
any event, condition or circumstance that might be construed to constitute, an equitable or legal discharge of the Guarantor’s obligations hereunder (other than defenses to the payment of the Obligations that are available to Parent and/or
Merger Sub under the Merger Agreement or breach by the Guaranteed Party of this Limited Guarantee). The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the Transactions and that the waivers set forth in this
Limited Guarantee are knowingly made in contemplation of such benefits. 

  
 3 

 (b) The Guarantor hereby covenants and agrees that it shall not institute, and shall cause
its controlled Affiliates and use its reasonable best efforts to cause its other Affiliates, not to institute, any proceeding asserting (i) the Prohibited Defense or (ii) that this Limited Guarantee is illegal, invalid or unenforceable in
accordance with its terms, subject to (A) the effects of insolvency, bankruptcy, reorganization or other similar proceedings and (B) general equitable principles (whether considered in a proceeding in equity or at Law). 

(c) The Guaranteed Party hereby covenants and agrees that it shall not institute, directly or indirectly, and shall cause all of its
Related Persons (as defined below) not to institute, any proceeding or bring any other claim (whether in tort, contract or otherwise) arising under, or in connection with, the Merger Agreement, the Equity Commitment Letters or the transactions
contemplated thereby against the Guarantor or any Non-Recourse Party (as defined below), except for claims (i) against Parent and/or Merger Sub under the Merger Agreement pursuant to the terms thereof (and subject to the limitations therein)
and (ii) against the Guarantor and its permitted assignees under this Limited Guarantee pursuant to the terms hereof (and subject to the limitations herein). 
 (d) Notwithstanding anything to the contrary contained in this Limited Guarantee, the Guaranteed Party hereby agrees that: (i) to the extent Parent and/or Merger Sub are relieved of any of the
Obligations or any breach by Parent and/or Merger Sub of the Merger Agreement, (other than by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratium or other similar Laws affecting creditors’ rights generally, or general equity
principles (whether considered in a proceeding in equity or at Law)), the Guarantor shall be similarly relieved of its obligations under this Limited Guarantee, and (ii) the Guarantor shall have all defenses to the payment of its obligations
under this Limited Guarantee (which in any event shall be subject to the Maximum Amount) that would be available to Parent and/or Merger Sub under the Merger Agreement with respect to the Obligations, as well as any defenses in respect of any fraud
of the Guaranteed Party hereunder or any breach by the Guaranteed Party of any of the terms or provisions of this Limited Guarantee. 
 Section 1.04. No Waiver; Cumulative Rights. No failure on the part of the Guaranteed Party to exercise, and no delay in exercising, any right, remedy or power hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise by the Guaranteed Party of any right, remedy or power hereunder preclude any other or future exercise of any right, remedy or power hereunder. Each and every right, remedy and power hereby
granted to the Guaranteed Party or allowed it by Law or other agreement shall be cumulative and not exclusive of any other, and may be exercised by the Guaranteed Party at any time or from time to time. 

  
 4 

 Section 1.05. Representations and Warranties. The Guarantor hereby represents
and warrants to the Guaranteed Party that: 
 (a) the Guarantor is a legal entity duly organized and validly existing under the
Laws of its jurisdiction of organization; 
 (b) the execution, delivery and performance of this Limited Guarantee have been
duly authorized by all necessary action and do not contravene (i) any provision of the Guarantor’s charter documents, partnership agreement, operating agreement or similar organizational documents or (ii) except as would not
reasonably be expected to prevent or adversely affect in any material respect the ability of the Guarantor to perform its obligations hereunder, any Law, regulation, rule, decree, order, judgment or contractual restriction binding on the Guarantor
or its assets; 
 (c) except as would not reasonably be expected to prevent or adversely affect in any material respect the
ability of the Guarantor to perform its obligations hereunder, (i) all consents, approvals, authorizations and permits of, filings with and notifications to, any governmental authority necessary for the due execution, delivery and performance
of this Limited Guarantee by the Guarantor have been obtained or made and all conditions thereof have been duly complied with, and no other action by and (ii) no notice to or filing with, any governmental authority or regulatory body is
required from the Guarantor in connection with the execution, delivery or performance of this Limited Guarantee; 
 (d) assuming
due execution and delivery of this Limited Guarantee by the Guaranteed Party, this Limited Guarantee constitutes a legal, valid and binding obligations of the Guarantor enforceable against the Guarantor in accordance with its terms, subject to
(i) the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar Laws affecting creditors’ rights generally and (ii) general equitable principles (whether considered in a proceeding in
equity or at Law); and 
 (e) the Guarantor has the financial capacity to pay and perform its obligations under this Limited
Guarantee, and all funds necessary for the Guarantor to fulfill its obligations under this Limited Guarantee shall be available to the Guarantor for so long as this Limited Guarantee shall remain in effect in accordance with Section 1.08
hereof. 
 Section 1.06. No Assignment. Neither the Guarantor nor the Guaranteed Party may assign its rights,
interests or obligations hereunder to any other Person (including by operation of Law) without the prior written consent of the other party hereto; provided, however, that the Guarantor may assign all or a portion of its obligations
hereunder, without the prior written consent of the Guaranteed Party, to (i) to any Other Guarantor, or (ii) any Affiliate of the Guarantor or one or more private equity funds sponsored or managed by any such Affiliate, provided
that such assignment shall not relieve the Guarantor of any liability or obligations hereunder except to the extent actually performed or satisfied by such assignee. Any attempted assignment in violation of this Section 1.06 shall be null and
void. 

  
 5 

 Section 1.07. Notices. All notices, requests and other communications to any
party hereunder shall be given in the manner specified in the Merger Agreement (and shall be deemed given as specified therein) as follows: 
 If to Power Joy (Cayman) Limited, to: 
 28/F, CITIC Tower 

1 Tim Mei Avenue 

Central, Hong Kong 
 Attention: Eric Chan, Dixon Ng, Zhen Ji 
 Fax: +852 2104 6977 

Email: echan@citiccapital.com, dixonng@citiccapital.com, 
 zhenji@citiccapital.com 
 with a copy to: 

28/F, CITIC Tower 

1 Tim Mei Avenue 

Central, Hong Kong 
 Legal & Compliance Department 
 Attention: Yong Kai Wong, Janet Zhou

 Fax: +852 2104 6623 
 Email: yongkaiwong@citiccapital.com, janetzhou@citiccapital.com 
 or to such other address or
facsimile number as the Guarantor shall have notified the Guaranteed Party in a written notice delivered to the Guaranteed Party in accordance with the Merger Agreement. All notices to the Guaranteed Party hereunder shall be given as set forth in
the Merger Agreement. 
 Section 1.08. Continuing Guarantee. This Limited Guarantee shall remain in full force and
effect and shall be binding on the Guarantor, its successors and assigns until the Obligations have been satisfied in full. Notwithstanding the foregoing, this Limited Guarantee will terminate, and be of no further force or effect, immediately
following the earliest of (i) the Closing, (ii) the termination of the Merger Agreement in accordance with its terms by mutual consent of the parties thereto or under circumstances in which Parent and Merger Sub do not have any unpaid
Obligations, (iii) 30 days following the termination of the Merger Agreement in accordance with its terms under circumstances in which Parent or Merger Sub have any unpaid Obligations unless a claim for such a payment has been made in writing
prior thereto and (iv) the date that is twelve (12) months after the date hereof. Notwithstanding the foregoing, (1) the parties hereto acknowledge and agree that this Limited Guarantee shall not terminate for so long as a claim made
in accordance with clause (iii) above remains unresolved, and (2) in the event that the Guaranteed Party or any of its controlled Affiliates asserts in any litigation or other proceeding that the provisions of this Limited Guarantee
limiting the Guarantor’s liability to the Maximum Amount are illegal, invalid or unenforceable in whole or in part, or asserts any theory of liability against any Non-Recourse Party or, other than its rights to recover from the Guarantor with
respect to the Obligations, any Guarantor, Parent and/or Merger Sub with respect to the transactions contemplated by the Merger Agreement, then (x) the obligations of the Guarantor under this Limited Guarantee shall terminate ab initio
and be null and void, (y) if the Guarantor has previously made any payments under this Limited Guarantee, the Guarantor shall be entitled to recover such payment(s) and (z) neither Guarantor nor any Non-Recourse Party shall have any
liability to the Guaranteed Party with respect to the Merger Agreement and the transactions contemplated thereby, the Financing or under this Limited Guarantee. 

  
 6 

 Section 1.09. No Recourse. 

(a) The Guaranteed Party acknowledges that the sole assets of Parent and Merger Sub are its rights under the Merger Agreement, the
Financing Documents and the Facility Agreement, and that no funds are expected to be contributed to either Parent or Merger Sub unless and until the Closing occurs. Notwithstanding anything that may be expressed or implied in this Limited Guarantee
or any document or instrument delivered in connection herewith, by its acceptance of the benefits of this Limited Guarantee, the Guaranteed Party covenants, agrees and acknowledges that no Person (other than the Guarantor and any permitted assignees
thereof) have any obligations under this Limited Guarantee and that, notwithstanding that the Guarantor may be a partnership or limited liability company, the Guaranteed Party has no right of recovery under this Limited Guarantee, or any claim based
on such obligations against, and no personal liability shall attach under this Limited Guarantee to, the former, current or future equity holders, controlling Persons, directors, officers, employees, agents, general or limited partners, managers,
members, or Affiliates of the Guarantor, any Other Guarantor, Parent or Merger Sub, or any former, current or future equity holders, controlling Persons, directors, officers, employees, agents, general or limited partners, managers, members, or
Affiliates of any of the foregoing, excluding however the Guarantor itself or any permitted assignee thereof under and to the extent provided in this Limited Guarantee and subject to the limitations set forth herein (collectively, each of the
non-excluded parties, a “Non-Recourse Party”), through Parent and/or Merger Sub or otherwise, whether by or through attempted piercing of the corporate (or limited partnership or limited liability company) veil, by or through a
claim by or on behalf of Parent and/or Merger Sub against any Non-Recourse Party, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any applicable Law, or otherwise, except in each case for its right to
recover from the Guarantor and any permitted assignees under and to the extent provided in this Limited Guarantee and subject to the limitations set forth herein. The Guaranteed Party acknowledges and agrees that Parent and Merger Sub have no assets
other than certain contract rights and cash in a de minimis amount and that no additional funds are expected to be contributed to Parent or Merger Sub unless and until the Closing occurs. 

(b) Recourse against the Guarantor and its permitted assignees under and pursuant to the terms of this Limited Guarantee shall be the
sole and exclusive remedy of the Guaranteed Party and all of its Related Persons against the Guarantor and the Non-Recourse Parties in respect of any liabilities or obligations arising under, or in connection with, the Merger Agreement, the
Financing Documents, the Facility Agreement or the transactions contemplated thereby. Nothing set forth in this Limited Guarantee shall affect or be construed to affect any liability of Parent and/or Merger Sub to the Guaranteed Party under the
Merger Agreement or otherwise or give or shall be construed to confer or give to any Person other than the Guaranteed Party any rights or remedies against any Person, except as expressly set forth in this Limited Guarantee. 

  
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 (c) For the purposes of this Limited Guarantee, pursuit of a claim against a Person by the
Guaranteed Party or any Related Person of the Guaranteed Party shall be deemed to be pursuit of a claim by the Guaranteed Party. A Person shall be deemed to have pursued a claim against another Person if such first Person brings a legal action
against such second Person, adds such second Person to an existing legal proceeding or otherwise asserts a legal claim of any nature against such second Person. 
 (d) For the purposes of this Limited Guarantee, the term “Related Person” shall mean, with respect to any Person, any controlled Affiliate of such Person, but shall not include Parent,
Merger Sub or any of their controlled Affiliates. 
 Section 1.10 Release. By its execution of this Limited
Guarantee, the Guaranteed Party hereby covenants and agrees that (a) neither the Guaranteed Party nor any of its Related Persons, and the Guaranteed Party agrees to the maximum extent permitted by Law, none of its officers, directors,
security holders or representatives, has or shall have any right of recovery against the Guarantor or any Non-Recourse Party under the Merger Agreement, or the transactions contemplated thereby or otherwise relating thereto, and to the
extent that it has or obtains any such right it, to the maximum extent permitted by law, hereby waives (on its own behalf and on behalf of each of the aforementioned Persons) each and every such right against, and hereby releases, the Guarantor and
each Non-Recourse Party from and with respect to any claim, known or unknown, now existing or hereafter arising, in connection with any transaction contemplated by or otherwise relating to the Merger Agreement, this Limited Guarantee or the
transactions contemplated thereby or hereby, whether by or through attempted piercing of the corporate (limited partnership or limited liability company) veil, by or through a claim by or on behalf of Parent, Merger Sub or any other Person against
any Non-Recourse Party, or otherwise under any theory of law or equity (the “Released Claims”), other than (i) claims against Parent and/or Merger Sub and (ii) claims against the Guarantor and its permitted assignees
pursuant to this Limited Guarantee (subject to the limitations set forth herein) and (b) recourse against the Guarantor and its permitted assignees under this Limited Guarantee (subject to the limitations set forth herein) shall be the sole and
exclusive remedy of the Guaranteed Party against the Guarantor or any Non-Recourse Party (other than Parent and/or Merger Sub) with respect to the Released Claims. 
 Section 1.11. Amendments and Waivers. No amendment or waiver of any provision of this Limited Guarantee will be valid and binding unless it is in writing and signed, in the case of an
amendment, by the Guarantor and the Guaranteed Party, or in the case of waiver, by the party against whom the waiver is to be effective. No waiver by any party of any breach or violation of, or default under, this Limited Guarantee, whether
intentional or not, will be deemed to extend to any prior or subsequent breach, violation or default hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence. 

Section 1.12. Entire Agreement. This Limited Guarantee constitutes the entire agreement with respect to the subject matter
hereof and supersedes any and all prior discussions, negotiations, proposals, undertakings, understandings and agreements, whether written or oral, among Parent, Merger Sub and the Guarantor or any of their respective Affiliates on the one hand, and
the Guaranteed Party or any of its Affiliates on the other hand. 

  
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 Section 1.13. Governing Law; Submission to Jurisdiction. This Limited Guarantee
shall be governed by and construed in accordance with the Laws of the State of New York, excluding (to the greatest extent a New York court would permit) any rule of Law that would cause the application of the Laws of any jurisdiction other than the
State of New York. All Actions arising out of or relating to this Limited Guarantee shall be heard and determined exclusively in any New York state or federal court sitting in the Borough of Manhattan of the City of New York. The parties hereto
hereby (i) submit to the exclusive jurisdiction of any state or federal court sitting in the Borough of Manhattan of the City of New York for the purpose of any Action arising out of or relating to this Limited Guarantee brought by any party
hereto, and (ii) irrevocably waive, and agree not to assert by way of motion, defense or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or
immune from attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the Action is improper, or that this Limited Guarantee may not be enforced in or by any of the above-named courts. 

Section 1.14. Waiver of Jury Trial. Each of the parties hereto hereby irrevocably waives to the fullest extent permitted by
applicable Law any right it may have to a trial by jury with respect to any litigation directly or indirectly arising out of, under or in connection with this Limited Guarantee. Each of the parties hereto (i) certifies that no Representative of
any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other parties hereto have been induced to enter
into this Limited Guarantee, as applicable, by, among other things, the mutual waivers and certifications in this Section 1.14. 
 Section 1.15. No Third Party Beneficiaries. Except for the rights of Non-Recourse Parties provided hereunder, the parties hereby agree that their respective representations, warranties and
covenants set forth herein are solely for the benefit of the other parties hereto, in accordance with and subject to the terms of this Limited Guarantee and the Merger Agreement, and this Limited Guarantee is not intended to, and does not, confer
upon any Person other than the parties hereto any rights or remedies hereunder, including the right to rely upon the representations and warranties set forth herein. 
 Section 1.16. Counterparts. This Limited Guarantee may be signed in any number of counterparts and may be executed and delivered by facsimile, email or electronic transmission in PDF format,
and each counterpart shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Limited Guarantee shall become effective when each party hereto shall have received a counterpart hereof
signed by all of the other parties hereto. Until and unless each party has received a counterpart hereof signed by the other party hereto, this Limited Guarantee shall have no effect and no party shall have any right or obligations hereunder
(whether by virtue of any other oral or written agreement or other communication). 

  
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 Section 1.17. Severability. If any term or other provision of this Limited
Guarantee is invalid, illegal or incapable of being enforced by any rule of Law, or public policy, all other conditions and provisions of this Limited Guarantee shall nevertheless remain in full force and effect so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party; provided, however, that this Limited Guarantee may not be enforced against any Guarantor without giving effect to the
Maximum Amount or the provisions set forth in Section 1.03, Section 1.09 and Section 1.10. No party hereto shall assert, and each party shall cause its respective Related Persons not to assert, that this Limited Guarantee or any part
hereof is invalid, illegal or unenforceable. Upon a determination that any term or provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Limited Guarantee so as to effect the
original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

Section 1.18. Headings. Headings are used for reference purposes only and do not affect the meaning or interpretation of this
Limited Guarantee. 
 [The remainder of this page has been intentionally left blank; 

the next page is the signature page.] 

  
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 IN WITNESS WHEREOF, the Guarantor has caused this Limited Guarantee to be executed and delivered as of the
date first written above by its officer thereunto duly authorized. 
  

			
	POWER JOY (CAYMAN) LIMITED
		
	By:	 	 /s/ Ji Zhen

	Name:	 	Ji Zhen
	Title:	 	Authorised Signatory

 Acknowledged and agreed as of the date first above written: 

 

			
	ASIAINFO-LINKAGE, INC.
		
	By:	 	 /s/ Davin Mackenzie

	Name:	 	Davin Mackenzie
	Title:	 	Director

 [Signature Page to Limited Guarantee] 

 Annex A 

Other Guarantors 
 CITIC Capital MB Investment Limited 
 CPEChina Fund, L.P. 

Ellington Investments Pte. Ltd. 
 CBC TMT III Limited 
 InnoValue Capital Ltd.

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