Exhibit 10.1

 

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September 8, 2015

 

Brian M. Storms

67 Roxiticus Road

Far Hills, NJ 07931

 

Re: Resignation

 

Dear Brian:

 

It is my understanding that you intend to resign as an employee of Liquid
Holdings Group, Inc. (“Liquid”) and forego the remaining compensation that would
be owed to you under the Transition Agreement, dated as of March 1, 2015,
between you and Liquid (the “Transition Agreement”), as well as your remaining
grant of 519,474 restricted stock units under Liquid’s incentive compensation
plan. In consideration therefor, Liquid will (1) pay you $125,000, subject to
standard employment-tax withholding, upon your resignation as an employee, which
resignation will also serve as the end of the “Transition Period” under the
Transition Agreement; and (2) terminate the lock-up set forth in Section 6 of
the Transition Agreement. Liquid will also confirm that Article VI of our
Bylaws, Indemnification and Advancement of Expenses, remains applicable to you
in accordance with its terms.

 

If this offer is acceptable to you, please countersign below and return it to
me. This letter agreement will become effective upon your resignation from
Liquid. We intend to disclose your resignation, as well as the terms of this
letter, in a Current Report on Form 8-K, which we expect will have no additional
disclosures in it.

 

Note that the release of the lock-up provisions of the Transition Agreement do
not serve to remove any restrictions on trading that may be applicable to you
under the securities laws.

 

Thank you for your service and dedication to Liquid over the last two years. We
wish you all the very best in your future endeavors.

 

Very truly yours,

 

/s/ Peter R. Kent

 

Peter R. Kent
Chief Executive Officer
Liquid Holdings Group, Inc.

 

ACCEPTED AND AGREED:

 

/s/ Brian M. Storms

 

Brian M. Storms

 

Liquid Holdings Group, Inc.   111 River Street, Ste. 1204   Hoboken, NJ 07030
www.liquidholdings.com