SEC Contract Filing

Filing Date: 2016-11-14

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v452589_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SEPARATION AND GENERAL RELEASE AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Separation and General Release Agreement (this
&ldquo;<U>Agreement</U>&rdquo;) is entered into between STG Group, Inc., a Delaware corporation (formerly known as Global
Defense &amp; National Security Systems, Inc.) (together with its successors and assigns, the &ldquo;<U>Company</U>&rdquo;),
and Paul Fernandes (&ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WHEREAS, Executive executed an Executive Employment
Agreement with Global Defense &amp; National Security Systems, Inc. (the &ldquo;<U>Employment Agreement</U>&rdquo;), which
became effective as of the closing of the transactions contemplated by the Purchase Agreement (as that term is defined in the
Employment Agreement); and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WHEREAS, the Company and Executive have agreed that Executive
will retire from the Company on a date in 2016 that is to be determined; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WHEREAS, the Company and Executive desire to enter into this
Agreement to memorialize their respective rights and obligations in connection with Executive&rsquo;s retirement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NOW, THEREFORE, in consideration of the mutual covenants undertaken
and releases contained in this Agreement, Executive and the Company hereby acknowledge and agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Separation</U>. Executive&rsquo;s employment with the Company and all affiliates
thereof will be terminated upon the earliest of (i) December 31, 2016, (ii) a date that is agreed upon by the Company and
Executive and (iii) provided that the Company provides at least one month&rsquo;s advance written notice to the Executive, a
date specified by the Company (the &ldquo;<U>Date of Termination</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accrued
Compensation</U>. Executive will become entitled to the payments described in Section 7 of the Employment Agreement following
the Date of Termination (the &ldquo;<U>Accrued Compensation</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severance</U>.
In addition to the Accrued Compensation, if Executive signs and delivers to the Company the general release attached hereto as
Exhibit A (the &ldquo;Release&rdquo;) on or after the Date of Termination, and the Release becomes effective (and irrevocable)
no later than the 21st day following the Date of Termination, then, Executive shall be entitled to receive installment payments
in the gross amount of $601,128.00 payable in accordance with Section 6 of the Employment Agreement and such payments shall be
in full satisfaction of all obligations of the Company under Section 6 of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Continuing Covenants</U>. Executive acknowledges that Sections 8 through 11 of
the Employment contain certain restrictive covenants, including covenants relating to Confidential Information, Work Product,
Noncompetition and Non-Solicitation, and that these covenants survive, and Executive will remain bound by, the terms of such
covenants following the Date of Termination, and, without limiting the foregoing, the Company and Executive acknowledge and
agree that Sections 6 through 29 of the Employment Agreement shall survive and continue in full force until the performance
of the obligations thereunder, if any, including after the Date of Termination, in accordance with their respective
terms.</P>

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