AMENDED AND RESTATED EMPLOYMENT AGREEMENT
This Amended and Restated Employment Agreement between GLG Partners LP (“GLG”) and Pierre Lagrange
(the “Employee”) is made on this 2nd day of November 2007 (this “Agreement”).
GLG and the Employee hereby agree to the employment of the Employee by GLG on the following terms and
or the status of the Employee (including in particular the Financial Services Authority (the “FSA”));
1. Employment Under this Agreement; Term.
1.1 The Employee’s employment under this Agreement will commence immediately following the closing of the
acquisition of the GLG business by Freedom Acquisition Holdings, Inc. (the “Transaction”). The Employee’s
period of continuous employment for statutory purposes commenced on 28 April 1997.
1.2 The initial term of the Employee’s employment under this Agreement shall continue until December 31, 2010,
unless such employment is sooner terminated pursuant to the provisions of this Agreement (the “Initial
Term”). Upon the expiration of the Initial Term and any one-year extension thereafter, the Initial Term or the
extended term, as applicable, shall be automatically extended for one additional year unless either party
hereto gives the other party at least twelve weeks of advance written notice that he or it does not want such
extension to occur (a “Notice of Non-Extension”), in which case the Initial Term or the extended term, as
applicable, will not be further extended. Notwithstanding any extensions beyond the Initial Term, the
Employee’s employment may be sooner terminated pursuant to the provisions of this Agreement.
Hereinafter, the period of the Employee’s employment under this Agreement, including beyond the Initial
Term if applicable, will be referred to as the “Term.”
2.1 The Employee shall, during the Term, serve GLG to the best of his ability in the capacity of Managing
Director. The Employee’s duties shall include, but not be limited to, those typical of a