Document:

Form of Tax Receivable Agreement

 Exhibit 10.2 
 TAX RECEIVABLE AGREEMENT (as amended from time to time, this “Agreement”), dated as of                  ,
2006, by and among Evercore Partners Inc., a Delaware corporation (the “Corporation”), and each of the Partners from time to time party hereto. 
 RECITALS 
 WHEREAS, the Partners hold partnership units (“Partnership Units”) in Evercore
LP, a limited partnership organized under the laws of Delaware (the “Partnership”); 
 WHEREAS, the Partnership Units are
exchangeable on a one-for-one basis for shares of Class A common stock of the Corporation, par value $0.01 per share (the “Shares”), as provided in the Certificate of Incorporation of the Corporation, as amended or restated,
and the Partnership Agreement, as amended or restated; 
 WHEREAS, the Partnership, and each of its direct and indirect subsidiaries, will
have in effect an election under Section 754 of the Internal Revenue Code of 1986, as amended (the “Code”), for each Taxable Year in which an exchange of Partnership Units for Shares occurs, which election is intended to result
in an adjustment to the tax basis of the assets owned by the Partnership (solely with respect to the Corporation) at the time of an exchange of Partnership Units for Shares (an “Exchange”) (such time, the “Exchange
Date”) (such assets and any asset whose tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset, the “Original Assets”) by reason of such Exchange and the receipt of payments under
this Agreement; 
 WHEREAS, the income, gain, loss, expense and other Tax items of (i) the Partnership solely with respect to the
Corporation may be affected by the Basis Adjustment (defined below) and (ii) the Corporation may be affected by the Imputed Interest (as defined below); and 
 WHEREAS, the parties to this Agreement desire to make certain arrangements with respect to the effect of the Basis Adjustment and Imputed Interest on the actual liability for Taxes of the Corporation. 
 NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally bound hereby,
the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Definitions. As used in this Agreement, the terms set forth in this Article I shall
have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined). 
 “Advisory Firm” means accounting or law firm that is nationally recognized as being expert in Tax matters and that is agreed to by the Equity Committee (as defined in the Partnership Agreement). 

 “Advisory Firm Letter” shall mean a letter from the Advisory Firm stating that the
relevant schedule, notice or other information to be provided by the Corporation to the applicable Partner and all supporting schedules and work papers were prepared in a manner consistent with the terms of this Agreement and, to the extent not
expressly provided in this Agreement, on a reasonable basis in light of the facts and law in existence on the date such schedule, notice or other information is delivered to the applicable Partner. 
 “Agreed Rate” means LIBOR plus              basis points. 

“Agreement” is defined in the preamble of this Agreement. 
 “Amended Schedule” is defined in Section 2.04(b) of this Agreement. 
 “Applicable Treasury Rate” means a rate equal to (1) if an Early Termination Notice is delivered prior to the third anniversary of
the Closing Date,             % or (2) the yield to maturity as of the date an Early Termination Notice is delivered of United States Treasury securities with a constant
maturity (the “Applicable Maturity”) (as compiled and published in the most recent Federal Reserve Statistical Release H 15 (519)) equal to (a) if such Early Termination Notice is delivered on or after the third anniversary of
the Closing Date but prior to the fifth anniversary of the Closing Date,              years, (b) if such Early Termination Notice is delivered on or after the fifth anniversary
of the Closing Date but prior to the fifteenth anniversary of the Closing Date, the number of years from the date such Early Termination Notice is delivered through the fifteenth anniversary of the Closing Date, or (c) if such Early Termination
Notice is delivered on or after the fifteenth anniversary of the Closing Date,              years. If there are no United States Treasury securities with a constant maturity equal to
the Applicable Maturity, the yield to maturity shall be interpolated from the United States Treasury securities with constant maturities that are most nearly longer than and shorter than the Applicable Maturity. 
 “Basis Adjustment” means the adjustment to the tax basis of an Original Asset under Sections 743(b) and 754 of the Code and comparable
sections of state and local tax laws (as calculated under Section 2.01 of this Agreement) as a result of an Exchange and the payments made pursuant to this Agreement. 
 “Business Day” means any calendar day that is not a Saturday, Sunday or other calendar day on which banks are required or authorized to
be closed in the City of New York or Mexico City. 
 “Code” is defined in the Recitals of this Agreement. 
 “Corporation” is defined in the Preamble of this Agreement. 
 “Corporation Return” means the federal Tax Return and/or state and/or local Tax Return, as applicable, of the Corporation filed with
respect to Taxes of any Taxable Year. 
 “Determination” shall have the meaning ascribed to such term in
Section 1313(a) of the Code or similar provision of state and local tax law, as applicable. 
  

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 “Early Termination Date” means the date of an Early Termination Notice for purposes of
determining the Early Termination Payment. 
 “Early Termination Notice” is defined in Section 4.02 of this Agreement.

 “Early Termination Schedule” is defined in Section 4.02 of this Agreement. 
 “Early Termination Payment” is defined in Section 4.03(b) of this Agreement. 
 “Early Termination Rate” means the Applicable Treasury Rate plus
             basis points. 
 “Exchange” is defined in
the Recitals of this Agreement. 
 “Exchange Basis Schedule” is defined in Section 2.02 of this Agreement. 

“Exchange Date” is defined in the Recitals of this Agreement. 
 “Expert” is defined in Section 7.09 of this Agreement. 
 “Imputed Interest” shall mean any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar
provision of state and local tax law with respect to the Corporation’s payment obligations under this Agreement. 
 “IRS” means the United States Internal Revenue Service. 
 “LIBOR” means for each month (or
portion thereof) during any period, an interest rate per annum equal to the rate per annum reported, on the date two days prior to the first day of such month, on the Telerate Page 3750 (or if such screen shall cease to be publicly available, as
reported on Reuters Screen page “LIBO” or by any other publicly available source of such market rate) for London interbank offered rates for U.S. dollar deposits for such month (or portion thereof). 
 “Market Value” shall mean the closing price of the Shares on the applicable Exchange Date on the national securities exchange or
interdealer quotation system on which such Shares are then traded or listed, as reported by the Wall Street Journal; provided that if the closing price is not reported by the Wall Street Journal for the applicable Exchange Date, then
the Market Value shall mean the closing price of the Shares on the Business Day immediately preceding such Exchange Date on the national securities exchange or interdealer quotation system on which such Shares are then traded or listed, as reported
by the Wall Street Journal. 
 “Non-Stepped Up Tax Basis” means, with respect to any asset at any time, the tax basis
that such asset would have had at such time if no Basis Adjustment had been made. 
 “Non-Stepped Up Tax Liability” means,
with respect to any Taxable Year, the liability for Taxes of the Corporation using the same methods, elections, conventions and similar practices used on the relevant Corporation Return, but using the Non-Stepped Up Tax Basis 

  

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instead of the tax basis of the Original Assets and excluding any deduction attributable to the Imputed Interest. 
 “Original Assets” is defined in the Recitals of this Agreement. 
 “Partner” means the parties hereto other than the Corporation and each other individual who from time to time executes a Joinder
Agreement in the form attached hereto as Exhibit A. 
 “Partnership” is defined in the Recitals of this Agreement.

 “Partnership Agreement” means the Amended and Restated Limited Partnership Agreement of Evercore L.P. dated as of
            , 2006. 
 “Partnership Units” is defined in
the Recitals of this Agreement. 
 “Payment Date” means any date on which a payment is made pursuant to this Agreement.

 “Person” means and includes any individual, firm, corporation, partnership (including, without limitation, any limited,
general or limited liability partnership), company, limited liability company, trust, joint venture, association, joint stock company, unincorporated organization or similar entity or governmental entity. 
 “Proportionate Share” means an amount equal to a fractional share of the transferring Partner’s Receivable, the numerator of which
shall be the number of Partnership Units that have been transferred to such transferee by the Partner and the denominator of which shall be the total number of Partnership Units held by the Partner as of the date of this Agreement. 
 “Realized Tax Benefit” means, for a Taxable Year, the excess, if any, of the Non-Stepped Up Tax Liability over the actual liability for
Taxes of the Corporation for such Taxable Year using the “with or without” methodology. If all or a portion of the actual tax liability for Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable
Year, such liability shall not be included in determining the Realized Tax Benefit unless and until there has been a Determination. 
 “Realized Tax Detriment” means, for a Taxable Year, the excess, if any, of the actual liability for Taxes of the Corporation over the Non-Stepped Up Tax Liability for such Taxable Year using the “with or without”
methodology. If all or a portion of the actual tax liability for Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Detriment
unless and until there has been a Determination. 
 “Receivable” of a Partner means such Partner’s rights, interests,
and entitlements hereunder as of the date of this Agreement. 
  

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 “Reconciliation Procedures” shall mean those procedures set forth in Section 7.09
of this Agreement. 
 “Schedule” means any of the Exchange Basis Schedule, Tax Benefit Schedule and the Early Termination
Schedule. 
 “Shares” is defined in the Recitals of this Agreement. 
 “Tax Benefit Payment” is defined in Section 3.01(b) of this Agreement. 
 “Tax Benefit Schedule” is defined in Section 2.03 of this Agreement. 
 “Tax Return” means any return, declaration, report or similar statement required to be filed with respect to Taxes (including any
attached schedules), including, without limitation, any information return, claim for refund, amended return and declaration of estimated Tax. 
 “Taxable Year” means a taxable year as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable, (and, therefore, for the avoidance of doubt, may include a period of less
than 12 months for which a Tax Return is made) ending on or after the Exchange Date in which there is a Basis Adjustment due to an Exchange. 
 “Taxes” means any and all U.S. federal, state, local and foreign taxes, assessments or similar charges measured with respect to net income or profits and any interest, additions to Tax or penalties applicable or related to
such Tax. 
 “Taxing Authority” shall mean any domestic, foreign, federal, national, state, county or municipal or other
local government, any subdivision, agency, commission or authority thereof, or any quasi-governmental body exercising any taxing authority or any other authority exercising Tax regulatory authority. 
 “Treasury Regulations” means the final, temporary and proposed regulations under the Code promulgated from time to time (including
corresponding provisions and succeeding provisions) as in effect for the relevant taxable period. 
 “Valuation Assumptions”
shall mean, as of an Early Termination Date, the assumptions that (1) in each Taxable Year ending on or after such Early Termination Date, the Corporation will have taxable income sufficient to fully utilize the deductions arising from the
Basis Adjustment and the Imputed Interest during such Taxable Year, (2) the federal income tax rates and state and local income tax rates that will be in effect for each such Taxable Year will be those specified for each such Taxable Year by
the Code and other law as in effect on the Early Termination Date, (3) any loss carryovers generated by the Basis Adjustment or the Imputed Interest and available as of the date of the Early Termination Schedule will be utilized by the
Corporation on a pro rata basis from the date of the Early Termination Schedule through the twentieth anniversary of the Exchange Date and (4) if an Early Termination is effected prior to an Exchange of Partnership Units, clause (i) of
Section 2.01 shall be read to include the Market Value of the Shares and cash that would be transferred if the Exchange occurred on the Early Termination Date. 
  

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 ARTICLE II 
 DETERMINATION OF REALIZED TAX BENEFIT 
 SECTION 2.01. Basis Adjustment. The Corporation and the
applicable Partner agree that, as a result of an Exchange, the Corporation’s basis in the applicable Original Assets shall be increased by the excess, if any, of (i) the Market Value of the Shares and cash transferred to the applicable
Partner pursuant to the Exchange plus the amount of payments received pursuant to this Agreement over (ii) the Corporation’s share of the basis of the Original Assets immediately after the Exchange attributable to the Partnership Units
exchanged as provided in Section 743(b) of the Code and the Treasury Regulations promulgated thereunder. For the avoidance of doubt, payments made under this Agreement shall not be treated as resulting in a Basis Adjustment to the extent such
payments are treated as Imputed Interest. 
 SECTION 2.02. Exchange Basis Schedule. Within 45 calendar days after the filing of the
U.S. federal income tax return of the Corporation for each Taxable Year in which any Exchange has been effected, the Corporation shall deliver to the applicable Partner a schedule (the “Exchange Basis Schedule”) that shows, in
reasonable detail, for purposes of Taxes, (i) the actual unadjusted tax basis of the Original Assets as of each applicable Exchange Date, (ii) the Basis Adjustment with respect to the Original Assets as a result of the Exchanges effected
in such Taxable Year, calculated in the aggregate, (iii) the period or periods, if any, over which the Original Assets are amortizable and/or depreciable and (iv) the period or periods, if any, over which each Basis Adjustment is
amortizable and/or depreciable. 
 SECTION 2.03. Tax Benefit Schedule. Within 45 calendar days after the filing of the U.S. federal
income tax return of the Corporation for any Taxable Year in which there is a Realized Tax Benefit or Realized Tax Detriment, the Corporation shall provide to the applicable Partner a schedule showing, in reasonable detail, the calculation of the
Realized Tax Benefit or Realized Tax Detriment for such Taxable Year (a “Tax Benefit Schedule”). The Schedule will become final as provided in Section 2.04(a) and may be amended as provided in Section 2.04(b)
(subject to the procedures set forth in Section 2.04(b)). 
 SECTION 2.04. Procedures, Amendments 
 (a) Procedure. Every time the Corporation delivers to the applicable Partner an applicable Schedule under this Agreement, the
Corporation shall also (x) deliver to the applicable Partner schedules and work papers providing reasonable detail regarding the preparation of the Schedule and an Advisory Firm Letter supporting such Schedule and (y) allow the applicable
Partner reasonable access to the appropriate representatives at the Corporation and the Advisory Firm in connection with a review of such Schedule. The applicable Schedule shall become final and binding on all parties unless the applicable Partner,
within 30 calendar days after receiving an Exchange Basis Schedule or amendment thereto or 10 calendar days after receiving a Tax Benefit Schedule or amendment thereto, provides the Corporation with notice of a material objection to such Schedule
made in good faith. If the parties, negotiating in good faith, are unable to successfully resolve the issues raised in such notice within 60 calendar days, if with 

  

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respect to an Exchange Basis Schedule, or 30 calendar days, if with respect to a Tax Benefit Schedule, after such Schedule was delivered to the applicable
Partner, the Corporation and the applicable Partner shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement. 
 (b) Amended Schedule. The applicable Schedule for any Taxable Year may be amended from time to time by the Corporation (i) in connection with a Determination affecting such Schedule, (ii) to correct
material inaccuracies in the Schedule identified as a result of the receipt of additional factual information relating to a Taxable Year after the date the Schedule was provided to the applicable Partner, (iii) to comply with the Expert’s
determination under the Reconciliation Procedures, (iv) to reflect a material change in the Realized Tax Benefit or Realized Tax Detriment for such Taxable Year attributable to a carryback or carryforward of a loss or other tax item to such
Taxable Year, (v) to reflect a material change in the Realized Tax Benefit or Realized Tax Detriment for such Taxable Year attributable to an amended Tax Return filed for such Taxable Year, or (vi) to adjust the Exchange Basis Schedule to
take into account payments made pursuant to this Agreement (such schedule, an “Amended Schedule”); provided, however, that such a change under clause (i) attributable to an audit of a Tax Return by an applicable
Taxing Authority shall not be taken into account on an amended Schedule unless and until there has been a Determination with respect to such change. 
 ARTICLE III 
 TAX BENEFIT PAYMENTS 
 SECTION 3.01. Payments 
 (a) Payments. Within five (5) calendar days of a
Tax Benefit Schedule delivered to an applicable Partner becoming final, the Corporation shall pay to the applicable Partner for such Taxable Year the Tax Benefit Payment determined pursuant to Section 3.01(b). Each such Tax Benefit Payment
shall be made by wire transfer of immediately available funds to a bank account of the applicable Partner previously designated by such Partner to the Corporation. For the avoidance of doubt, no Tax Benefit Payment shall be made in respect of
estimated tax payments, including, without limitation, federal income tax payments. Notwithstanding anything herein to the contrary, in no event shall payments to an applicable Partner under this Agreement exceed an amount to be determined on the
Exchange Date as agreed to by the Corporation and the applicable Partner. 
 (b) A “Tax Benefit Payment”
means an amount, not less than zero, equal to 85% of the Corporation’s Realized Tax Benefit, if any, for a Taxable Year, increased by, (1) interest calculated at the Agreed Rate from the due date (without extensions) for filing the
Corporation Return with respect to Taxes for such Taxable Year and (2) the amount of the excess Realized Tax Benefit reflected on an Amended Tax Benefit Schedule for a previous Taxable Year over the Realized Tax Benefit (or Realized Tax
Detriment (expressed as a negative number)) reflected on the Tax Benefit Schedule for such 

  

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previous Taxable Year; and decreased by, (3) an amount equal to the Corporation’s Realized Tax Detriment (expressed as a negative number)
(if any) for any previous Taxable Year, and (4) the amount of the excess Realized Tax Benefit reflected on a Tax Benefit Schedule for a previous Taxable Year over the Realized Tax Benefit (or Realized Tax Detriment (expressed as a negative
number)) reflected on the Amended Tax Benefit Schedule for such previous Taxable Year; provided, however, that the amounts described in 3.01(b)(2), (3) and (4) shall not be taken into account in determining a Tax Benefit
Payment attributable to any Taxable Year to the extent of such amounts were taken into account in determining any Tax Benefit Payment in a preceding Taxable Year. 
 SECTION 3.02. No Duplicative Payments. It is intended that the above provisions will not result in duplicative payment of any amount (including interest) required under this Agreement. 
 SECTION 3.03. Pro Rata Payments. For the avoidance of doubt, to the extent the Corporation’s deduction with respect to the Basis Adjustment
is limited in a particular Taxable Year, the limitation on the deduction shall be taken into account for each applicable Partner on a pro rata basis relative to the total amount of deductions with respect to the aggregate Basis Adjustments
for all of the applicable Partners. 
 ARTICLE IV 
 TERMINATION 
 SECTION 4.01. Early Termination of Agreement. The Corporation may terminate this
Agreement with respect to some or all of the Partnership Units held (or previously held and exchanged) by the applicable Partner at any time by paying to the applicable Partner the Early Termination Payment; provided that the Corporation terminates
this Agreement for a proportional amount of the relevant Partnership Units (whether or not exchanged for Shares) held by each Partner; provided, further, that the Corporation may not terminate this Agreement prior to the fifth anniversary of the
date of this Agreement except in the event of a Change of Control (as such term is defined in the Partnership Agreement). Upon payment of the Early Termination Payment by the Corporation, neither the applicable Partner nor the Corporation shall have
any further payment obligations under this Agreement in respect of such Partner, other than for any (a) Tax Benefit Payment agreed to by the Corporation and the applicable Partner as due and payable but unpaid as of the Early Termination Notice
and (b) Tax Benefit Payment due for the Taxable Year ending with or including the date of the Early Termination Notice (except to the extent that the amount described in clause (b) is included in the Early Termination Payment). 

SECTION 4.02. Early Termination Notice. If the Corporation chooses to exercise its right of early termination under Section 4.01 above,
the Corporation shall deliver to the applicable Partner notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the
Corporation’s intention to exercise such right and showing in reasonable detail the calculation of the Early Termination Payment. The applicable Early Termination Schedule shall become final and binding on all parties unless the applicable
Partner, within 10 calendar days after receiving the Early Termination Schedule thereto provides the Corporation with notice of a material objection to 

  

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such Schedule made in good faith. If the parties, negotiating in good faith, are unable to successfully resolve the issues raised in such notice within 30
calendar days after such Schedule was delivered to the applicable Partner, the Corporation and the applicable Partner shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement. 
 SECTION 4.03. Payment upon Early Termination. (a) Within three calendar days after agreement between the applicable Partner and the
Corporation of the Early Termination Schedule, the Corporation shall pay to the applicable Partner an amount equal to the Early Termination Payment. Such payment shall be made by wire transfer of immediately available funds to a bank account
designated by the applicable Partner. 
 (b) The “Early Termination Payment” as of the date of an Early Termination Schedule
shall equal the present value, discounted at the Early Termination Rate, of all Tax Benefit Payments that would be required to be paid by the Corporation to the applicable Partner beginning from the Early Termination Date assuming the Valuation
Assumptions are applied. 
 ARTICLE V 
 SUBORDINATION AND LATE PAYMENTS 
 SECTION 5.01. Subordination. Notwithstanding any other provision of this Agreement to the
contrary, any Tax Benefit Payment or Early Termination Payment required to be made by the Corporation to the applicable Partner under this Agreement (an “Exchange Payment”) shall rank subordinate and junior in right of payment to
any principal, interest or other amounts due and payable in respect of any obligations in respect of indebtedness for borrowed money of the Corporation and its Subsidiaries (“Senior Obligations”) and shall rank pari passu
with all current or future unsecured obligations of the Corporation that are not Senior Obligations. 
 SECTION 5.02. Late Payments by the
Corporation. The amount of all or any portion of an Exchange Payment not made to the applicable Partner when due under the terms of this Agreement shall be payable together with any interest thereon, computed at the Agreed Rate and commencing
from the date on which such Exchange Payment was due and payable. 
 ARTICLE VI 
 NO DISPUTES; CONSISTENCY; COOPERATION 
 SECTION 6.01. Partner Participation in the
Corporation’s Tax Matters. Except as otherwise provided herein, the Corporation shall have full responsibility for, and sole discretion over, all Tax matters concerning the Corporation, including without limitation the preparation, filing
or amending of any Tax Return and defending, contesting or settling any issue pertaining to Taxes. Notwithstanding the foregoing, the Corporation shall notify the applicable Partner of, and keep the applicable Partner reasonably informed with
respect to the portion of any audit of the Corporation by a Taxing Authority the outcome of which is reasonably expected to affect the applicable Partner’s rights and obligations under this Agreement, and shall provide to the applicable Partner
reasonable opportunity to provide information and other input to the Corporation and its advisors concerning the conduct of any such portion of such audit; provided, 

  

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however, that the Corporation shall not be required to take any action that is inconsistent with any provision of the Partnership Agreement.

 SECTION 6.02. Consistency. Unless there is a Determination to the contrary, the Corporation and the applicable Partner agree to
report and cause to be reported for all purposes, including federal, state and local Tax purposes and financial reporting purposes, all Tax-related items (including without limitation the Basis Adjustment and each Tax Benefit Payment) in a manner
consistent with that specified by the Corporation in any Schedule required to be provided by or on behalf of the Corporation under this Agreement. In the event that an Advisory Firm is replaced with another firm acceptable to the Corporation and the
applicable Partner, such replacement Advisory Firm shall be required to perform its services under this Agreement using procedures and methodologies consistent with the previous Advisory Firm, unless otherwise required by law or the Corporation and
the applicable Partner agree to the use of other procedures and methodologies. 
 SECTION 6.03. Cooperation. The applicable Partner
shall (a) furnish to the Corporation in a timely manner such information, documents and other materials as the Corporation may reasonably request for purposes of making any determination or computation necessary or appropriate under this
Agreement, preparing any Tax Return or contesting or defending any audit, examination or controversy with any Taxing Authority, (b) make itself available to the Corporation and its representatives to provide explanations of documents and
materials and such other information as the Corporation or its representatives may reasonably request in connection with any of the matters described in clause (a) above, and (c) reasonably cooperate in connection with any such matter.

 ARTICLE VII 
 SECTION 7.01.
Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be deemed duly given and received (a) on the date of delivery if delivered personally, or by facsimile upon confirmation of
transmission by the sender’s fax machine if sent on a Business Day (or otherwise on the next Business Day) or (b) on the first Business Day following the date of dispatch if delivered by a recognized next-day courier service. All notices
hereunder shall be delivered as set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice: 
 if to the Corporation, to: 
 Evercore Partners Inc. 
 55 East 52nd Street

 43rd
Floor 
 New York, NY 10055 
 Attention: Chief Financial Officer 
 Facsimile Number: (212) 857-3101 
  

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 with a copy to: 
 if to the applicable Partner, to: 
 with a copy to: 
 Any party may change its address or fax number by giving the other party written notice of its new address or fax number in the manner set forth above. 
 SECTION 7.02. Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same
agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart. Delivery of an executed signature
page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
 SECTION 7.03. Entire Agreement; No Third Party Beneficiaries. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the
subject matter hereof. This Agreement shall be binding upon and inure solely to the benefit of each party hereto and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is intended to or shall confer
upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 
 SECTION 7.04.
Governing Law. This Agreement shall be governed by, and construed in accordance with, the law of the State of New York. 
 SECTION 7.05. Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any law or public policy, all other terms and provisions of this Agreement 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. Upon such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated
hereby are consummated as originally contemplated to the greatest extent possible. 
 SECTION 7.06. Successors; Assignment;
Amendments. No Partner may assign this Agreement to any person without the prior written consent of the Corporation; provided, however, that, to the extent Partnership Units are effectively transferred in accordance with the terms
of the Partnership Agreement, the Proportionate Share of the transferring Partner’s Receivable shall automatically be assigned to the transferee of such Partnership Units and the 

  

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transferee shall automatically become bound hereby, and such transferee shall execute this Agreement. 
 No amendment to this Agreement shall be effective unless it shall be in writing and signed by the Corporation and the Partners. 
 All of the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the parties hereto and
their respective successors, assigns, heirs, executors, administrators and legal representatives. The Corporation shall require and cause any direct or indirect successor (whether by purchase, merger, consolidation or otherwise) to all or
substantially all of the business or assets of the Corporation, by written agreement, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation would be required to perform if no such
succession had taken place. 
 SECTION 7.07. Titles and Subtitles. The titles of the sections and subsections of this Agreement are
for convenience of reference only and are not to be considered in construing this Agreement. 
 SECTION 7.08. Resolution of Disputes.

 (a) Any and all disputes which are not governed by Section 7.09 and which cannot settled amicably, including any
ancillary claims of any party, arising out of, relating to or in connection with the validity, negotiation, execution, interpretation, performance or non-performance of this Agreement (including the validity, scope and enforceability of this
arbitration provision) shall be finally settled by arbitration conducted by a single arbitrator in New York in accordance with the then-existing Rules of Arbitration of the International Chamber of Commerce. If the parties to the dispute fail to
agree on the selection of an arbitrator within ten (10) days of the receipt of the request for arbitration, the International Chamber of Commerce shall make the appointment. The arbitrator shall be a lawyer and shall conduct the proceedings in
the English language. Performance under this Agreement shall continue if reasonably possible during any arbitration proceedings. 
 (b) Notwithstanding the provisions of paragraph (a), the Corporation may bring an action or special proceeding in any court of competent jurisdiction for the purpose of compelling a party to arbitrate, seeking temporary or preliminary
relief in aid of an arbitration hereunder, and/or enforcing an arbitration award and, for the purposes of this paragraph (b), each Partner (i) expressly consents to the application of paragraph (c) of this Section 7.08 to any such
action or proceeding, (ii) agrees that proof shall not be required that monetary damages for breach of the provisions of this Agreement would be difficult to calculate and that remedies at law would be inadequate, and (iii) irrevocably
appoints the Corporation as such Partner’s agent for service of process in connection with any such action or proceeding and agrees that service of process upon such agent, who shall promptly advise such Partner of any such service of process,
shall be deemed in 

  

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every respect effective service of process upon the Partner in any such action or proceeding. 
 (c) 
 (i) EACH
PARTNER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF COURTS LOCATED IN NEW YORK, NEW YORK FOR THE PURPOSE OF ANY JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF PARAGRAPH (B) OF THIS SECTION 7.08, OR ANY JUDICIAL
PROCEEDING ANCILLARY TO AN ARBITRATION OR CONTEMPLATED ARBITRATION ARISING OUT OF OR RELATING TO OR CONCERNING THIS AGREEMENT. Such ancillary judicial proceedings include any suit, action or proceeding to compel arbitration, to obtain temporary or
preliminary judicial relief in aid of arbitration, or to confirm an arbitration award. The parties acknowledge that the fora designated by this paragraph (c) have a reasonable relation to this Agreement, and to the parties’ relationship
with one another; and 
 (ii) The parties hereby waive, to the fullest extent permitted by applicable law, any objection which
they now or hereafter may have to personal jurisdiction or to the laying of venue of any such ancillary suit, action or proceeding brought in any court referred to in paragraph (c) (i) of this Section 7.08 and such parties agree not
to plead or claim the same. 
 SECTION 7.09. Reconciliation. In the event that the Corporation and the applicable Partner are unable
to resolve a disagreement within the relevant period designated in this Agreement, the matter shall be submitted for determination to a nationally recognized expert (the “Expert”) in the particular area of disagreement mutually
acceptable to both parties. The Expert shall be employed by a nationally recognized accounting firm or a law firm (other than the Advisory Firm), and the Expert shall not, and the firm that employs the Expert shall not, have any material
relationship with either the Corporation or the applicable Partner or other actual or potential conflict of interest. The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto within 30 calendar days and
shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within 15 calendar days, in each case after the matter has been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is not
resolved before any payment that is the subject of a disagreement is due or any Tax Return reflecting the subject of a disagreement is due, such payment shall be made on the date prescribed by this Agreement and such Tax Return may be filed as
prepared by the Corporation, subject to adjustment or amendment upon resolution. The costs and expenses relating to the engagement of such expert or amending any Tax Return shall be borne by the party who did not have the prevailing position, or if
a compromise is reached by the Corporation and the applicable Partner, the costs and expenses shall be borne equally by the parties. The Expert shall determine which party prevails. The determinations of the Expert pursuant to this Section 7.09
shall be binding on the Corporation and the applicable Partner absent manifest error. 
  

 13 

 SECTION 7.10. Withholding. The Corporation shall be entitled to deduct and withhold from any
payment payable pursuant to this Agreement such amounts as the Corporation are required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax law. To the extent that amounts
are so withheld and paid over to the appropriate Taxing Authority by the Corporation, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the applicable Partner. 
  

 14 

 IN WITNESS WHEREOF, the Corporation and each Partner have duly executed this Agreement as of the date
first written above. 
  

			
	 EVERCORE PARTNERS INC.

		
	By	 	  
		 	 Name:

		 	 Title:

			
		
	 Address:
	 	

 (Signature Page to Tax Receivable Agreement) 

			
		
	By	 	  
		 	 Name:

		 	 Title:

			
		
	 Address:
	 	

 (Signature Page to Tax Receivable Agreement) 

 Exhibit A 
 FORM OF 
 JOINDER AGREEMENT 
 This Joinder Agreement (“Joinder Agreement”) is a joinder letter to the Tax Receivable Agreement, dated as of
[                    ], 2006 (the “Agreement”), among Evercore Partners Inc., a Delaware corporation (the
“Corporation”), and each of the Partners from time to time party thereto. Capitalized terms used but not defined in this Joinder Agreement shall have their respective meanings as defined in the Agreement. This Joinder Agreement
shall be governed by, and construed in accordance with, the law of the State of New York. In the event of any conflict between this Joinder Agreement or the Agreement, the terms of this Joinder Agreement shall control. 
 The undersigned hereby agrees that the undersigned hereby joins and enters into the Agreement having acquired Partnership Units in the Partnership. By
signing and returning this Joinder Agreement to the Corporation at 55 East 52nd Street, 43rd Floor, New York, NY 10055, Attention: Chief Financial Officer, the undersigned accepts and agrees to be bound by and subject
to all of the terms and conditions of and agreements of a Partner contained in the Agreement, with all attendant rights, duties and obligations of a Partner thereunder. The parties to the Agreement shall treat the execution and delivery hereof by
the undersigned as the execution and delivery of the Agreement by the undersigned and, upon receipt of this Joinder Agreement by the Corporation, the signature of the undersigned set forth below shall constitute a counterpart signature to the
signature page of the Agreement. 
 Name:
                                       
                                        
      
  

			
	Address for Notices:	  	With copies to:
		
	___________________________________________	  	___________________________________________
		
	___________________________________________	  	___________________________________________
		
	___________________________________________	  	___________________________________________
		
	___________________________________________	  	___________________________________________

 IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the date set forth below.

  

			
		
	 By:
	 	  
	 Name:
	 	  
	 Title:
	 	  
	 Date:
	 	  

 Accepted: 
 EVERCORE PARTNERS INC. 
  

			
		
	 By:
	 	  
	 Name:
	 	  
	 Title:
	 	  
	 Date:
	 	  

 (Signature Page to Joinder Agreement to Tax Receivable Agreement)Form of Registration Rights Agreement

 Exhibit 10.3 
  

 REGISTRATION RIGHTS AGREEMENT 
 OF 
 EVERCORE PARTNERS INC. 
 Dated as of [            ], 2006 
  

  

 i 

 Table of Contents 
  

					
	 	  	 	  	Page
	ARTICLE I	  	
	DEFINITIONS AND OTHER MATTERS	  	
			
	 Section 1.1
	  	Definitions	  	1
	 Section 1.2
	  	Definitions Generally	  	4
		
	ARTICLE II	  	
	REGISTRATION RIGHTS	  	
			
	 Section 2.1
	  	Fifth Anniversary Registration	  	5
	 Section 2.2
	  	Demand Registration	  	5
	 Section 2.3
	  	Piggyback Registration	  	6
	 Section 2.4
	  	Lock-Up Agreements	  	8
	 Section 2.5
	  	Registration Procedures	  	8
	 Section 2.6
	  	Indemnification by the Company	  	11
	 Section 2.7
	  	Indemnification by Registering Covered Persons	  	11
	 Section 2.8
	  	Conduct of Indemnification Proceedings	  	12
	 Section 2.9
	  	Contribution	  	12
	 Section 2.10
	  	Participation in Public Offering	  	13
	 Section 2.11
	  	Other Indemnification	  	13
	 Section 2.12
	  	Cooperation by the Company	  	13
	 Section 2.13
	  	No Transfer of Registration Rights	  	13
	 Section 2.14
	  	Parties in Interest	  	13
	 Section 2.15
	  	Acknowledgement Regarding the Company	  	14
	 Section 2.16
	  	Mergers, Recapitalizations, Exchanges or Other Transactions Affecting Registrable Securities	  	14
		
	ARTICLE III	  	
	MISCELLANEOUS	  	
			
	 Section 3.1
	  	Term of the Agreement; Termination of Certain Provisions	  	14
	 Section 3.2
	  	Amendments; Waiver	  	14
	 Section 3.3
	  	Governing Law	  	15
	 Section 3.4
	  	Notices	  	15
	 Section 3.5
	  	Severability	  	16
	 Section 3.6
	  	Specific Performance	  	16
	 Section 3.7
	  	Assignment; Successors	  	16
	 Section 3.8
	  	No Third-Party Rights	  	16
	 Section 3.9
	  	Section Headings	  	16
	 Section 3.10
	  	Execution in Counterparts	  	16

  

 ii 

 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (including Appendix A hereto, as such Appendix A may be amended from time to time pursuant to the provisions hereof,
this “Agreement”), is made and entered into as of [            ], 2006, by and among Evercore Partners Inc., a Delaware corporation (the “Company”),
and the Covered Persons (defined below) from time to time party hereto. 
 W I T N E S S E T H: 
 WHEREAS, the Company and the Covered Persons are beneficial owners of partnership units (the “Units”) of Evercore LP, a Delaware limited
partnership (“Evercore LP”), each of which is exchangeable for one share of the Company’s Class A common stock, par value $0.01 per share (the “Class A Common Stock”), at the option of the holder thereof
and subject to the provisions of the Partnership Agreement (defined below); and 
 WHEREAS, the Company desires to provide the Covered
Persons with registration rights with respect to shares of Class A Common Stock underlying their Units. 
 NOW, THEREFORE, in
consideration of the premises and of the mutual agreements, covenants and provisions herein contained, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS AND OTHER MATTERS 
 Section 1.1 Definitions. Capitalized terms used in this Agreement without other definition shall, unless expressly stated otherwise, have the meanings specified in this Section 1.1: 
 (a) “Agreement” has the meaning ascribed to such term in the Recitals. 
 (b) “Beneficial owner” has the meaning set forth in Rule 13d-3 under the Exchange Act. 
 (c) “Board” means the Board of Directors of the Company. 
 (d) “Class A Common Stock” has the meaning ascribed to such term in the Recitals. 
 (e) “Company” has the meaning ascribed to such term in the Recitals. 
 (f) “Covered Person” means those persons from time to time listed on Appendix A hereto, and all persons who may become
parties to this Agreement and whose name is required to be listed on Appendix A hereto, in each case in accordance with the terms hereof. 
 (g) “Covered Units” means, with respect to a Covered Person, such Covered Person’s Units. 

 (h) “Demand Notice” has the meaning ascribed to such term in
Section 2.2(a). 
 (i) “Demand Registration” has the meaning ascribed to such term in
Section 2.2(a). 
 (j) “Evercore LP” has the meaning ascribed to such term in the Recitals. 

(k) “Exchange Act” means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 
 (l) “Equity Committee” has the meaning ascribed to such term in the Partnership
Agreement. 
 (m) “Fifth Anniversary Registration” has the meaning ascribed to such term in
Section 2.1(a). 
 (n) “Governmental Authority” means any national, local or foreign (including U.S.
federal, state or local) or supranational (including European Union) governmental, judicial, administrative or regulatory (including self-regulatory) agency, commission, department, board, bureau, entity or authority of competent jurisdiction.

 (o) “Indemnified Parties” has the meaning ascribed to such term in Section 2.6. 
 (p) “IPO Date” means the closing date of the initial public offering of the Class A Common Stock. 
 (q) “Partnership Agreement” means the Evercore LP Amended and Restated Partnership Agreement, dated
[            ], 2006, among the Company and the limited partners of Evercore LP. 
 (r) “Permitted Transferee” means any transferee of a Unit after the date hereof the transfer of which is permitted by the Partnership Agreement. 
 (s) “Public Offering” means an underwritten public offering pursuant to an effective registration statement under the
Securities Act, other than pursuant to a registration statement on Forms S-4 or S-8 or any similar or successor form. 
 (t)
“Registering Covered Person” has the meaning ascribed to such term in Section 2.5(a). 
 (u)
“Registration Expenses” means any and all expenses incident to the performance of or compliance with any registration or marketing of securities, including all (i) registration and filing fees, and all other fees and expenses
payable in connection with the listing of securities on any securities exchange or automated interdealer quotation system, (ii) fees and expenses of compliance with any securities or “blue sky” laws (including reasonable fees and
disbursements of counsel in connection with “blue 

  

 2 

 
sky” qualifications of the securities registered), (iii) expenses in connection with the preparation, printing, mailing and delivery of any
registration statements, prospectuses and other documents in connection therewith and any amendments or supplements thereto, (iv) security engraving and printing expenses, (v) internal expenses of the Company (including, without
limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), (vi) reasonable fees and disbursements of counsel for the Company and customary fees and expenses for independent certified public
accountants retained by the Company (including the expenses relating to any comfort letters or costs associated with the delivery by independent certified public accountants of any comfort letters requested pursuant to Section 2.5(h)),
(vii) reasonable fees and expenses of any special experts retained by the Company in connection with such registration, (viii) reasonable fees, out-of-pocket costs and expenses of the Covered Persons, including one counsel for all of the
Covered Persons participating in the offering selected by the Covered Persons holding the majority of the Registrable Securities to be sold for the account of all Covered Persons in the offering, (ix) fees and expenses in connection with any
review by the NASD of the underwriting arrangements or other terms of the offering, and all fees and expenses of any “qualified independent underwriter,” including the fees and expenses of any counsel thereto, (x) fees and
disbursements underwriters customarily paid by issuers or sellers of securities, but excluding any underwriting fees, discounts and commissions attributable to the sale of Registrable Securities, (xi) costs of printing and producing any
agreements among underwriters, underwriting agreements, any “blue sky” or legal investment memoranda and any selling agreements and other documents in connection with the offering, sale or delivery of the Registrable Securities,
(xii) transfer agents’ and registrars’ fees and expenses and the fees and expenses of any other agent or trustee appointed in connection with such offering, (xiii) expenses relating to any analyst or investor presentations or any
“road shows” undertaken in connection with the registration, marketing or selling of the Registrable Securities, (xiv) fees and expenses payable in connection with any ratings of the Registrable Securities, including expenses relating
to any presentations to rating agencies and (xv) all out-of-pocket costs and expenses incurred by the Company or its appropriate officers in connection with their compliance with Section 2.5(l). 
 (v) “Registrable Securities” shall mean shares of Class A Common Stock deliverable or delivered in exchange for
Units. For purposes of this Agreement, (i) Registrable Securities shall cease to be Registrable Securities when a Registration Statement covering such Registrable Securities has been declared effective under the Securities Act by the SEC and
such Registrable Securities have been disposed of pursuant to such effective Registration Statement and (ii) the Registrable Securities of a holder shall not be deemed to be Registrable Securities at any time when the entire amount of such
Registrable Securities proposed to be sold by such Covered Person in a single sale constitutes less than 1% of the then outstanding shares of Class A Common Stock or, in the opinion of counsel satisfactory to the Company and such Covered
Person, each in their reasonable judgment, may be distributed to the public pursuant to Rule 144 (or any successor provision then in effect) under the Securities Act in any three-month period or any such Registrable Securities have been sold in a
sale made pursuant to Rule 144 of the Securities Act. 
  

 3 

 (w) “SEC” means the Securities and Exchange Commission. 
 (x) “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder. 
 (y) “Subsidiary” means, with respect to any person, any corporation, limited liability
company, company, partnership, trust, association or other legal entity or organization of which such person (either directly or through one or more subsidiaries of such person) (a) owns, directly or indirectly, a majority of the capital stock
or other equity interests the holders of which are generally entitled to vote for the election of the board of directors or other governing body of such corporation, limited liability company, partnership, trust, association or other legal entity or
organization, or (b) is otherwise entitled to exercise (1) a majority of the voting power generally in the election of the board of directors or other governing body of such corporation, limited liability company, partnership, trust,
association or other legal entity or organization or (2) control of such corporation, limited liability company, partnership, trust, association or other legal entity or organization. 
 (z) “Transfer” means, in respect of any Unit, share of Class A Common Stock, property or other asset, any sale,
assignment, transfer, distribution or other disposition thereof, whether voluntarily or by operation of Law, including, without limitation, the exchange of any Unit for any other security. 
 (aa) “Units” has the meaning ascribed to such term in the Recitals. 
 Section 1.2 Definitions Generally. Wherever required by the context of this Agreement, the singular shall include the plural and vice versa, and
the masculine gender shall include the feminine and neuter genders and vice versa, and references to any agreement, document or instrument shall be deemed to refer to such agreement, document or instrument as amended, supplemented or modified from
time to time. When used herein: 
 (a) the word “or” is not exclusive; 
 (b) the words “including,” “includes,” “included” and “include” are deemed to be followed by the
words “without limitation”; 
 (c) the terms “herein,” “hereof” and “hereunder” and
other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision; 
 (d) the word “person” means any individual, corporation, limited liability company, trust, joint venture, association, company, partnership or other legal entity or a government or any department or agency thereof or
self-regulatory organization; and 
 (e) all section, paragraph or clause references not attributed to a particular document
shall be references to such parts of this Agreement, and all exhibit, annex and schedule references not attributed to a particular document shall be references to such 

  

 4 

 
exhibits, annexes and schedules to this Agreement. 
 ARTICLE II 
 REGISTRATION RIGHTS 
 Section 2.1 Fifth Anniversary Registration. 
 (a) The Company shall use its commercially reasonable
efforts to cause to be declared effective under the Securities Act by the SEC, on or prior to the fifth anniversary of the IPO Date, a registration statement relating to all shares of the following Registrable Securities (“Fifth Anniversary
Registration”): Registrable Securities to be delivered to Covered Persons by the Company in respect of the exchange of Units pursuant to the Partnership Agreement and all other Registrable Securities of any Covered Person which Registrable
Securities are reasonably expected to continue to be Registrable Securities at the expected filing date for the registration statement with respect to such registration. 
 (b) The Company shall be liable for and pay all Registration Expenses in connection with any Fifth Anniversary Registration, regardless of whether such Registration is effected. 
 (c) Upon notice to each Covered Person participating in the Fifth Anniversary Registration, the Company may postpone effecting a registration pursuant to
this Section 2.1 on one occasion during any period of six consecutive months for a reasonable time specified in the notice but not exceeding 120 days (which period may not be extended or renewed), if (i) the Company shall determine in good
faith that effecting the registration would materially and adversely affect an offering of securities of such company the preparation of which had then been commenced or (ii) the Company is in possession of material non-public information the
disclosure of which during the period specified in such notice the Company believes in good faith would not be in the best interests of the Company. 
 Section 2.2 Demand Registration. 
 (a) If at any time following the IPO, the Company shall receive a
written request (a “Demand Notice”) from the Equity Committee that the Company effect the registration under the Securities Act of all or any portion of the Registrable Securities specified in the Demand Notice (a “Demand
Registration”), specifying the intended method of disposition thereof, then the Company shall use its commercially reasonable efforts to effect, as expeditiously as reasonably practicable, subject to the restrictions in Section 2.2(d),
the registration under the Securities Act of the Registrable Securities for which the Equity Committee has requested registration under this Section 2.2, all to the extent necessary to permit the disposition (in accordance with the intended
methods thereof as aforesaid) of the Registrable Securities so to be registered. Notwithstanding the foregoing, (i) the Equity Committee shall be entitled to ten Demand Registrations pursuant to this Section 2.2, (ii) the Equity
Committee shall be entitled to no more than one demand registration during any six-month period, and (iii) the Company shall not be obligated to make a Demand Registration with respect to the Equity Committee in the event that a Fifth
Anniversary Registration or Piggyback Registration (as 

  

 5 

 
defined below) had been available to the Equity Committee within the 180 days preceding the date of the Demand Notice. 
 (b) At any time prior to the effective date of the registration statement relating to such registration, the Equity Committee may revoke such Demand
Registration request by providing a notice to the Company revoking such request. The Company shall be liable for and pay all Registration Expenses in connection with any Demand Registration. 
 (c) If a Demand Registration involves an underwritten Public Offering and the managing underwriter advises the Company and the Equity Committee that, in
its view, the number of shares of Registrable Securities requested to be included in such registration exceeds the largest number of shares that can be sold without having an adverse effect on such offering, including the price at which such shares
can be sold (the “Maximum Offering Size”), the Company shall include in such registration, in the priority listed below, up to the Maximum Offering Size: 
 (i) first, all Registrable Securities requested to be registered in the Demand Registration by the Equity Committee (allocated, if
necessary for the offering not to exceed the Maximum Offering Size, pro rata among the Covered Persons whose Registrable Securities are included in the Demand Registration on the basis of the relative number of shares of Registrable Securities so
requested to be included in such registration by each); 
 (ii) second, any securities proposed to be registered by the
Company or any securities proposed to be registered for the account of any other persons, with such priorities among them as the Company shall determine. 
 (d) Upon notice to the Demand Requesting Covered Person, the Company may postpone effecting a registration pursuant to this Section 2.2 on one occasion during any period of six consecutive months for a reasonable
time specified in the notice but not exceeding 120 days (which period may not be extended or renewed), if (i) the Company shall determine in good faith that effecting the registration would materially and adversely affect an offering of
securities of such company the preparation of which had then been commenced or (ii) the Company is in possession of material non-public information the disclosure of which during the period specified in such notice the Company believes in good
faith would not be in the best interests of the Company. 
 Section 2.3 Piggyback Registration. 
 (a) Subject to any contractual obligations to the contrary, if the Company proposes at any time to register any of the equity securities issued by it
under the Securities Act (other than a registration on Form S-8 or S-4, or any successor forms, relating to shares of Class A Common Stock issuable in connection with any employee benefit or similar plan of the Company or in connection with a
direct or indirect acquisition by the Company of another Person or as a recapitalization or reclassification of securities of the Company), whether or not for sale for its own account, the Company shall each such time give prompt notice at least 15
business days prior to the anticipated filing date of the registration statement relating to such 

  

 6 

 
registration to the Covered Persons, which notice shall set forth such Covered Person’s rights under this Section 2.3 and shall offer such Covered
Person the opportunity to include in such registration statement the number of Registrable Securities of the same class or series as those proposed to be registered as such Covered Person may request (a “Piggyback Registration”),
subject to the provisions of Section 2.3(b). Upon the request of such Covered Person made within five business days after the receipt of notice from the Company (which request shall specify the number of Registrable Securities intended to be
registered by such Covered Person), the Company shall use its commercially reasonable efforts to effect the registration under the Securities Act of all Registrable Securities that the Company has been so requested to register by all such other
Covered Persons, to the extent necessary to permit the disposition of the Registrable Securities so to be registered, provided that (i) if such registration involves an underwritten Public Offering, all such Covered Persons requesting to be
included in the Company’s registration must sell their Registrable Securities to the underwriters selected by the Company in on the same terms and conditions as apply to the Company or the Requesting Covered Persons, as applicable, and
(ii) if, at any time after giving notice of its intention to register any securities pursuant to this Section 2.3(a) and prior to the effective date of the registration statement filed in connection with such registration, the Company
shall determine for any reason not to register such securities, the Company shall give notice to all such Covered Persons and, thereupon, shall be relieved of its obligation to register any Registrable Securities in connection with such
registration. No registration effected under this Section 2.3 shall relieve the Company of its obligations to effect a Fifth Anniversary Registration or Demand Registration to the extent required by Section 2.1 or Section 2.2,
respectively. The Company shall pay all Registration Expenses in connection with each Piggyback Registration. 
 (b) Subject to any
contractual obligations to the contrary, if a Piggyback Registration involves an underwritten Public Offering and the managing underwriter advises the Company that, in its view, the number of Registrable Securities that the Company and such Covered
Persons intend to include in such registration exceeds the Maximum Offering Size, the Company shall include in such registration, in the following priority, up to the Maximum Offering Size: 
 (i) first, so much of the Company securities proposed to be registered for the account of the Company; 
 (ii) second, to the Company securities proposed to be registered pursuant to any demand registration rights of third parties; 

(iii) third, all Registrable Securities requested to be included in such registration by any Covered Persons (allocated, if necessary
for the offering not to exceed the Maximum Offering Size, pro rata among such Covered Persons on the basis of the relative number of shares of Registrable Securities so requested to be included in such registration by each); and 
 (iv) fourth, any securities proposed to be registered for the account of any other Persons with such priorities among them as the Company
shall determine. 
  

 7 

 (c) Notwithstanding any provision in this Section 2.3 or elsewhere in this Agreement, no provision
relating to the registration of Registrable Securities shall be construed as permitting any Covered Person to effect a transfer of securities that is otherwise prohibited by the terms of any agreement between such Covered Person and the Company or
any of its subsidiaries. The Company shall not be obligated to provide notice or afford Piggyback Registration to any Covered Person pursuant to this Section 2.3 unless some or all of such Covered Person’s Registrable Securities are
permitted to be transferred under the terms of applicable agreements between such Covered Persons and the Company or any of its subsidiaries. 
 Section 2.4 Lock-Up Agreements. If any registration of Registrable Securities shall be effected in connection with a Public Offering, neither the Company nor the Covered Person shall effect any public sale or distribution, including
any sale pursuant to Rule 144, of any shares of Common Stock or other security of the Company (except as part of such Public Offering) during the period beginning 14 days prior to the effective date of the applicable registration statement until the
earlier of (i) such time as the Company and the lead managing underwriter shall agree and (ii) 180 days. 
 Section 2.5
Registration Procedures. Whenever a Covered Person requests that any Registrable Securities be registered pursuant to Section 2.2 or 2.3 or in respect of any Fifth Anniversary Registration pursuant to Section 2.1, subject to the
provisions of such Sections, the Company shall use its commercially reasonable efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of disposition thereof as promptly as practicable,
and, in connection with any such request: 
 (a) The Company shall as expeditiously as reasonably practicable prepare and file
with the SEC a registration statement on any form for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to be registered thereunder in
accordance with the intended method of distribution thereof, and use its commercially reasonable efforts to cause such filed registration statement to become and remain effective for a period of not less than 40 days, or in the case of a Fifth
Anniversary Registration, until all of the Registrable Securities of the Covered Persons included in such registration statement (each, a “Registering Covered Person”) shall have actually been sold thereunder. 
 (b) Prior to filing a registration statement or prospectus or any amendment or supplement thereto, the Company shall, if requested,
furnish to each participating Covered Person and each underwriter, if any, of the Registrable Securities covered by such registration statement copies of such registration statement as proposed to be filed, and thereafter the Company shall furnish
to such Covered Person and underwriter, if any, such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus
included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act and such other documents as such Covered Person or
underwriter may reasonably request in order to facilitate the 

  

 8 

 
disposition of the Registrable Securities owned by such Covered Person. The Covered Person shall have the right to request that the Company modify any
information contained in such registration statement, amendment and supplement thereto pertaining to such Covered Person and the Company shall use its all commercially reasonable efforts to comply with such request, provided, however, that the
Company shall not have any obligation so to modify any information if the Company reasonably expects that so doing would cause the prospectus to contain an untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein not misleading. 
 (c) After the filing of the registration statement, the
Company shall (i) cause the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) comply with the provisions of the Securities
Act with respect to the disposition of all Registrable Securities covered by such registration statement during the applicable period in accordance with the intended methods of disposition by the Registering Covered Persons thereof set forth in such
registration statement or supplement to such prospectus and (iii) promptly notify each Registering Covered Person holding Registrable Securities covered by such registration statement of any stop order issued or threatened by the SEC or any
state securities commission and take all reasonable best efforts to prevent the entry of such stop order or to remove it if entered. 
 (d) The Company shall use its commercially reasonable best efforts to (i) register or qualify the Registrable Securities covered by such registration statement under such other securities or “blue sky” laws of such
jurisdictions in the United States as any Registering Covered Person holding such Registrable Securities reasonably (in light of such Covered Person’s intended plan of distribution) requests and (ii) cause such Registrable Securities to be
registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company and do any and all other acts and things that may be reasonably necessary or advisable to
enable such Covered Person to consummate the disposition of the Registrable Securities owned by such Covered Person, provided that the Company shall not be required to (A) qualify generally to do business in any jurisdiction where it would not
otherwise be required to qualify but for this Section 2.5(d), (B) subject itself to taxation in any such jurisdiction or (C) consent to general service of process in any such jurisdiction. 
 (e) The Company shall immediately notify each Registering Covered Person holding such Registrable Securities covered by such registration
statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter delivered
to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading and
promptly prepare and make available to each such Covered Person and file with the SEC any such supplement or amendment. 
  

 9 

 (f) The Company shall select an underwriter or underwriters in connection with any Public
Offering. In connection with any Public Offering, the Company shall enter into customary agreements (including an underwriting agreement in customary form) and take such all other actions as are reasonably required in order to expedite or facilitate
the disposition of such Registrable Securities in any such Public Offering, including the engagement of a “qualified independent underwriter” in connection with the qualification of the underwriting arrangements with the NASD. 

(g) Subject to the execution of confidentiality agreements satisfactory in form and substance to the Company in the exercise of its
good faith judgment, the Company will give to each Registering Covered Person, its counsel and accountants (i) reasonable and customary access to its books and records and (ii) such opportunities to discuss the business of the Company with
its directors, officers, employees, counsel and the independent public accountants who have certified its financial statements, as shall be appropriate, in the reasonable judgment of counsel, to such Registering Covered Person, to enable them to
exercise their due diligence responsibility. 
 (h) The Company shall use its commercially reasonable efforts to furnish to
each Registering Covered Person and to each such underwriter, if any, a signed counterpart, addressed to such Covered Person or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort
letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as a majority of the Registering Covered Persons
therefor reasonably requests. 
 (i) Each such Covered Person registering securities under this Article II shall promptly
furnish in writing to the Company such information regarding the distribution of the Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally required or advisable in connection with
such registration. 
 (j) The Covered Person agrees that, upon receipt of any notice from the Company of the happening of any
event of the kind described in Section 2.5(e), such Covered Person shall forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Covered Person’s
receipt of the copies of the supplemented or amended prospectus contemplated by Section 2.5(e), and, if so directed by the Company, such Covered Person shall deliver to the Company all copies, other than any permanent file copies then in such
Covered Person’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration
statement shall be maintained effective (including the period referred to in Section 2.5(a)) by the number of days during the period from and including the date of the giving of notice pursuant to Section 2.5(e) to the date when the
Company shall make available to such Covered Person a prospectus supplemented or amended to conform with the requirements of Section 2.5(e). 
  

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 (k) The Company shall use its commercially reasonable efforts to list all Registrable
Securities covered by such registration statement on any securities exchange or quotation system on which any of the Registrable Securities are then listed or traded. 
 (l) The Company shall have appropriate officers of the Company (i) prepare and make presentations at any “road shows” and
before analysts and rating agencies, as the case may be, (ii) take other actions to obtain ratings for any Registrable Securities and (iii) otherwise use their commercially reasonable efforts to cooperate as reasonably requested by the
underwriters in the offering, marketing or selling of the Registrable Securities. 
 Section 2.6 Indemnification by the Company. In
the event of any registration of any securities of the Company under the Securities Act pursuant to this Article II, the Company will, and it hereby does, indemnify and hold harmless, to the extent permitted by law, a Registering Covered Person,
each affiliate of such Registering Covered Person and their respective directors and officers or general and limited partners or members and managing members (including any director, officer, affiliate, employee, agent and controlling Person of any
of the foregoing), each other person who participates as an underwriter in the offering or sale of such securities and each other person, if any, who controls such seller or any such underwriter within the meaning of the Securities Act
(collectively, the “Indemnified Parties”), against any and all losses, claims, damages or liabilities, joint or several, and expenses (including reasonable attorney’s fees and reasonable expenses of investigation) to which such
Indemnified Party may become subject under the Securities Act, common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof, whether or not such Indemnified Party is a party thereto)
arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in any registration statement under which such securities were registered under the Securities Act, any preliminary, final or
summary prospectus contained therein, or any amendment or supplement thereto, or (ii) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a
prospectus, in light of the circumstances under which they were made) not misleading, and the Company will reimburse such Indemnified Party for any legal or any other expenses reasonably incurred by it in connection with investigating or defending
against any such loss, claim, liability, action or proceeding; provided, that the Company shall not be liable to any Indemnified Party in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in
respect thereof) or expense arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in such registration statement or amendment or supplement thereto or in any such preliminary, final or
summary prospectus in reliance upon and in conformity with written information furnished to the Company with respect to such seller through an instrument duly executed by such seller specifically stating that it is for use in the preparation
thereof. 
 Section 2.7 Indemnification by Registering Covered Persons. The Company may require, as a condition to including any
Registrable Securities in any registration statement filed in accordance with this Article II, that the Company shall have received an undertaking reasonably satisfactory to it from the Registering Covered Person or any underwriter to indemnify and
hold harmless the Company and all other prospective sellers of Registrable Securities with respect to any untrue statement or alleged untrue statement in or omission or 
  

 11 

 
alleged omission from such registration statement, any preliminary, final or summary prospectus contained therein, or any amendment or supplement, if such
untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the Company with respect to such seller through an instrument duly executed by such seller
or underwriter specifically stating that it is for use in the preparation of such registration statement, preliminary, final or summary prospectus or amendment or supplement, or a document incorporated by reference into any of the foregoing. Such
indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Company or any of the Registering Covered Persons, or any of their respective affiliates, directors, officers or controlling persons and
shall survive the transfer of such securities by such person. In no event shall the liability of any Registering Covered Person hereunder be greater in amount than the dollar amount of the proceeds received by such Registering Covered Person upon
the sale of the Registrable Securities giving rise to such indemnification obligation. 
 Section 2.8 Conduct of Indemnification
Proceedings. Promptly after receipt by an Indemnified Party hereunder of written notice of the commencement of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Article II, such Indemnified
Party will, if a claim in respect thereof is to be made against an indemnifying party, give written notice to the latter of the commencement of such action; provided, that the failure of the Indemnified Party to give notice as provided herein
shall not relieve the indemnifying party of its obligations under this Article II, except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In case any such action is brought against an Indemnified
Party, unless in such Indemnified Party’s reasonable judgment a conflict of interest between such Indemnified Party and indemnifying parties may exist in respect of such claim, the indemnifying party will be entitled to participate in and to
assume the defense thereof, jointly with any other indemnifying party similarly notified to the extent that it may wish, with counsel reasonably satisfactory to such Indemnified Party, and after notice from the indemnifying party to such Indemnified
Party of its election so to assume the defense thereof, the indemnifying party will not be liable to such Indemnified Party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof other than
reasonable costs of investigation. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof, the giving by the claimant or plaintiff to such Indemnified Party of
a release from all liability in respect to such claim or litigation. 
 Section 2.9 Contribution. If the indemnification provided for
in this Article II from the indemnifying party is unavailable to an Indemnified Party hereunder in respect of any losses, claims, damages, liabilities or expenses referred to herein, then the indemnifying party, in lieu of indemnifying such
Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and Indemnified Parties in connection with the actions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of such indemnifying party and
Indemnified Parties shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been made
by, or relates to information supplied by, such indemnifying party or Indemnified Parties, and the parties’ 
  

 12 

 
relative intent, knowledge, access to information and opportunity to correct or prevent such action. The amount paid or payable by a party under this
Section 2.9 as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such party in connection with any investigation or
proceeding. 
 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 2.9 were
determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
 Section 2.10 Participation in Public Offering. No Covered Person may participate in any Public Offering hereunder unless such Covered Person (a) agrees to sell such Covered Person’s securities on the
basis provided in any underwriting arrangements approved by the Covered Persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and
other documents reasonably required under the terms of such underwriting arrangements and the provisions of this Agreement in respect of registration rights. 
 Section 2.11 Other Indemnification. Indemnification similar to that specified herein (with appropriate modifications) shall be given by the Company and the Registering Covered Person participating therein with
respect to any required registration or other qualification of securities under any federal or state law or regulation or Governmental Authority other than the Securities Act. 
 Section 2.12 Cooperation by the Company. If the Covered Person shall transfer any Registrable Securities pursuant to Rule 144, the Company shall
use its commercially reasonable efforts to cooperate with the Covered Person and shall provide to the Covered Person such information as the Covered Person shall reasonably request. 
 Section 2.13 No Transfer of Registration Rights. Except as set forth in Section 2.14, none of the rights of the Covered Person under this
Article II shall be assignable by any Covered Person to any person acquiring securities unless the person so acquiring such securities shall already be a Covered Person. 
 Section 2.14 Parties in Interest. Each Covered Person shall be entitled to receive the benefits of this Agreement and shall be bound by the terms and provisions of this Agreement by reason of such Covered
Person’s election to participate in a registration under this Article II. To the extent Units are effectively transferred in accordance with the terms of the Partnership Agreement, the transferee of such Units shall be entitled to receive the
benefits of this Agreement and shall be bound by the terms and provisions of this Agreement upon becoming bound hereby pursuant to Section 3.1(c). 
  

 13 

 Section 2.15 Acknowledgement Regarding the Company. All determinations necessary or advisable
under this Article II shall be made by the Company, the determinations of which shall be final and binding. 
 Section 2.16 Mergers,
Recapitalizations, Exchanges or Other Transactions Affecting Registrable Securities. The provisions of this Agreement shall apply to the full extent set forth herein with respect to the Registrable Securities, to any and all securities or
capital stock of Evercore LP or the Company or any successor or assign of any such person (whether by merger, amalgamation, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange for, or in substitution of such
Registrable Securities, by reason of any dividend, split, issuance, reverse split, combination, recapitalization, reclassification, merger, amalgamation, consolidation or otherwise. 
 ARTICLE III 
 MISCELLANEOUS 
 Section 3.1 Term of the Agreement; Termination of Certain Provisions. 
 (a) The term of this Agreement shall continue until the first to occur of (i) such time as no Covered Person holds any Covered Units or Registrable
Securities and (ii) such time as the Agreement is terminated by the affirmative vote of Covered Persons that beneficially own not less than 66 2/3% of the voting power of the Registrable Securities. 
 (b) Unless this Agreement is theretofore terminated pursuant to Section 3.1(a) hereof, a Covered Person shall be bound by the provisions of this
Agreement with respect to any Covered Units or Registrable Security until such time as such Covered Person ceases to hold any Covered Units or Registrable Security. Thereafter, such Covered Person shall no longer be bound by the provisions of this
Agreement other than Sections 2.7, 2.8, 2.9 and 2.11 and Article III, and such Covered Person’s name shall be removed from Appendix A to this Agreement. 
 (c) Any Permitted Transferee shall be added to Appendix A as a Covered Person; provided, that, such Permitted Transferee shall first sign an agreement in the form approved by the Company acknowledging that such
Permitted Transferee is bound by the terms and provisions of the Agreement. 
 Section 3.2 Amendments; Waiver. 
 (a) The provisions of this Agreement may be amended only by the affirmative vote of Covered Persons owning not less than 66 2/3% of the voting power of
the Registrable Securities. 
 (b) In addition to any other vote or approval that may be required under this Section 3.2, any amendment
of this Agreement that has the effect of changing the obligations of Evercore LP or the Company hereunder to make such obligations materially more onerous to the Evercore LP or Company shall require the approval of Evercore LP or the Company, as the
case may be. 
  

 14 

 (c) Each Covered Person understands that from time to time certain other persons may become Covered
Persons and certain Covered Persons will cease to be bound by the provisions of this Agreement pursuant to the terms hereof. This Agreement may be amended from time to time by the Equity Committee (without the approval of any other person), but
solely for the purposes of (i) adding to Appendix A Permitted Transferees of the Covered Units as provided in Section 3.1(c) who sign this Agreement and (ii) removing from Appendix A such persons as shall cease to be bound by the
provisions of this Agreement pursuant to Sections 3.1(b) hereof, which additions and removals shall be given effect from time to time by appropriate changes to Appendix A. 
 (d) No provision of this Agreement may be waived except by an instrument in writing executed by the party against whom the waiver is to be effective.

 Section 3.3 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 Section 3.4 Notices. 
 (a) Any communication, demand or notice to be given hereunder will be duly given (and shall be deemed to be received) when delivered in writing by hand or first class mail or by telecopy to a party at its address as indicated below:

 If to a Covered Person, 
 c/o
Evercore Partners Inc. 
 55 East 52nd Street, 43rd Floor 
 New York, New York 10055 
 Attention: Chief
Financial Officer 
 Fax: (212) 857-3101 
 If to the Company, at 
 Evercore Partners Inc. 
 55 East 52nd Street,
43rd Floor 
 New York, New York 10055 
 Attention: Chief Financial Officer 
 Fax: (212) 857-3101 
 The Company shall
be responsible for notifying each Covered Person of the receipt of a communication, demand or notice under this Agreement relevant to such Covered Person at the address of such Covered Person then in the records of Evercore LP (and each Covered
Person shall notify the Company of any change in such address for communications, demands and notices). 
  

 15 

 (b) Unless otherwise provided to the contrary herein, any notice which is required to be given in writing
pursuant to the terms of this Agreement may be given by telecopy. 
 Section 3.5 Severability. If any provision of this Agreement is
finally held to be invalid, illegal or unenforceable, (a) the remaining terms and provisions hereof shall be unimpaired and (b) the invalid or unenforceable term or provision shall be deemed replaced by a term or provision that is valid
and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. 
 Section 3.6
Specific Performance. Each party hereto acknowledges that the remedies at law of the other parties for a breach or threatened breach of this Agreement would be inadequate and, in recognition of this fact, any part to this Agreement, without
posting any bond, and in addition to all other remedies that may be available, shall, subject to Section 3.4, be entitled to obtain equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent
injunction or any other equitable remedy that may be then available. 
 Section 3.7 Assignment; Successors. This Agreement shall be
binding upon and inure to the benefit of the respective legatees, legal representatives, successors and assigns of the Covered Persons; provided, however, that a Covered Person may not assign this Agreement or any of his rights or obligations
hereunder, and any purported assignment in breach hereof by a Covered Person shall be void; and provided further that no assignment of this Agreement by the Company or to a successor of the Company (by operation of law or otherwise) shall be valid
unless such assignment is made to a person which succeeds to the business of such Person substantially as an entirety. 
 Section 3.8 No
Third-Party Rights. Other than as expressly provided herein, nothing in this Agreement will be construed to give any person other than the parties to this Agreement any legal or equitable right, remedy, or claim under or with respect to this
Agreement or any provision of this Agreement. This Agreement and all of its provisions and conditions are for the sole and exclusive benefit of the parties to this Agreement and their successors and assigns. 
 Section 3.9 Section Headings. The headings of sections in this Agreement are provided for convenience only and will not affect its construction or
interpretation. 
 Section 3.10 Execution in Counterparts. This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original, but all such counterparts shall together constitute but one and the same instrument. 
  

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 IN WITNESS WHEREOF, the parties hereto have duly executed or caused to be duly executed this Agreement as
of the dates indicated. 
  

			
	EVERCORE PARTNERS INC.
		
	By:	 	  
		 	Name:
		 	Title:
	
	 [Covered Persons]

		
	By:	 	  
		 	Name:
		 	Title:

  

 17 

 Appendix A

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