Private Confidential - Your Role at Binance
Private Confidential - Your Role at Binance
Private Confidential - Your Role at Binance
13 July 2023
Stefan Ciprian Enache
Drumul Opalului 1-43 Felicity Residence Bl Cocor Sc A Ap 6 Et 2
Dear Stefan
Termination of Engagement
1. We refer to your Service Agreement (“Service Agreement”) with Binance Holdings Limited
(the “Company”).
2. We write to confirm that the Company has decided to terminate your Service Agreement
pursuant to Clause 17.1 of the Service Agreement by paying you one (1) month’s Service
Charges (as defined in your Service Agreement) in lieu of notice. Your last day of service shall
be 13 July 2023 (the “Termination Date”).
3. You shall receive your Service Charges and benefits as set out in the Service Agreement until
the Termination Date less any sums owed by you to us.
4. You shall not be required to provide any services to the Company until the Termination Date,
save as directed in writing by your manager.
5. As a gesture of goodwill, it is agreed that you will receive a further ex-gratia payment
equivalent to 1 month’s Service Charges in accordance with your usual payment
arrangement (the “Termination Payment”). The Termination Payment will only be payable
and is conditional upon you signing and returning a copy of this letter. For the purpose of
calculating the amount of BNB to be paid, the closing price of BNB as specified on the
Binance.com exchange on the day immediately before the payment date will be used.
a. you shall keep this notice and, the terms set out herein, and any discussions in relation
to this notice, confidential and must not at any time, directly or indirectly, divulge,
publish or reveal any of the same to any person, except (and only to the extent required
by law or authorised) as authorised by the Company or required by compulsion of law;
b. you agree and acknowledge that the payments made under paragraph 5 of this notice
are in full and final settlement of any right or entitlement you may have in connection
with the Service Agreement or its termination thereof;
c. you confirm that you have no claim of any nature whatsoever against the Company, or
any of its related corporations and/or any of the employees, officers, directors, agents,
DocuSign Envelope ID: 9558FA64-3B64-48EA-95A2-B1DF2F3BB95B
d. you unconditionally and irrevocably waive, release and discharge the Company, all its
related corporations and the employees, officers, directors, agents, shareholders and
contractors of the Company and each of its related corporations from any and all claims,
proceedings, actions, applications, complaints and demands of whatsoever nature
(whether at law or in equity) which you now or may hereafter have against the Company
and/or any of its related corporations howsoever arising from or in connection with your
engagement and/or the termination thereof; and
e. you shall not make, publish or communicate any statements or opinions which are
disparaging or derogatory of the Company and/or any of its related corporations, their
respective management and officers, employees, businesses, services and/or
products.
7. You shall submit any expense reimbursement claim to the Company before the Termination
Date. Any expense reimbursement will be made in accordance with the Company’s policy.
8. You shall return to the Company or its designated agent any properties belonging to the
Company before the Termination Date. The Company reserves the right to deduct from your
Service Charges any money owed to the Company, which includes the cost of replacing
company property that is not returned upon termination.
9. You are reminded of the post-termination obligations set out in your Service Agreement
including the confidentiality obligations and restrictive covenants set out in Clauses 13, 19 and
20 of your Service Agreement which shall continue after the Termination Date.
10. You shall be responsible for any tax obligation arising out of any payments made in relation
to your engagement and the termination of your engagement with the Company.
11. You agree that save for the payments set out in this letter, there shall be no outstanding
amount or liability owed to you by the Company or any of its affiliates arising out of the Service
Agreement and its Termination.
Please sign a copy of this letter and return it to the Company. If you have any questions, please
contact us via email cshrbp5@binance.com .
Yours sincerely
_______________
Nancy
Binance Holdings Limited
DocuSign Envelope ID: 9558FA64-3B64-48EA-95A2-B1DF2F3BB95B
Staff’s Acknowledgment
I have read and acknowledged the terms set out in this letter including paragraph 6 above. I
confirm that the above payments are in full and final settlement amount of all my rights, claims
and entitlements of whatever amount or nature arising directly or indirectly in respect of and/or in
relation to and/or in connection with my engagement with the Company and/or the termination
thereof, and that I have no further claims against the Company and/or any of its subsidiaries,
affiliates, assigns, successors, officers and agents who are all and immediately, fully and
irrevocably released in connection thereto.
_______________________
Name: Stefan Ciprian Enache
Date:
Certificate Of Completion
Envelope Id: 9558FA643B6448EA95A2B1DF2F3BB95B Status: Delivered
Subject: Private & Confidential - Your role at Binance
Source Envelope:
Document Pages: 3 Signatures: 0 Envelope Originator:
Certificate Pages: 5 Initials: 0 cshrbp2 cshrbp2
AutoNav: Enabled cshrbp2@binance.com
EnvelopeId Stamping: Enabled IP Address: 151.192.213.52
Time Zone: (UTC-08:00) Pacific Time (US & Canada)
Record Tracking
Status: Original Holder: cshrbp2 cshrbp2 Location: DocuSign
7/13/2023 3:47:53 AM cshrbp2@binance.com
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