Document:

EX-10.19

 Exhibit 10.19 

5.2.2018 
 WARNER MUSIC INC. 

1633 Broadway 
 New York,
NY 10019 
 May 2, 2018 
 Eric Levin

 Dear Eric: 
 Please refer to the employment
agreement between Warner Music Inc. (“Company”) and you dated September 30, 2014, as amended by letter agreement dated October 6, 2015, and as further amended by letter agreement dated December 2, 2016 (as amended, the
“Agreement”). 
 This letter, when signed by you and countersigned by Company, shall constitute our agreement to amend the
Agreement as set forth herein. Unless otherwise indicated, capitalized terms shall have the meanings set forth in the Agreement. 

1.Paragraph 2 of the Agreement is hereby amended to extend the Term through September 30, 2023. 

2.Paragraph 3(a) of the Agreement is hereby amended to provide that your salary for the periods specified below shall be as follows: 

 

					
	 Period of the Term
	  	Annual Rate of Salary	 
	 10/1/18 – 9/30/21
	  	$	850,000	 
	 10/1/21 – 9/30/23
	  	$	900,000	 

 3.Paragraph 3(b) of the Agreement is hereby amended and restated in its entirety as follows:

“(b)Annual Discretionary Bonus: With respect to each fiscal year of the Term, commencing with the fiscal year that begins
October 1, 2017 and ends September 30, 2018 (i.e., the 2018 fiscal year), Company shall consider granting to you an annual bonus (or a pro rata portion thereof for a portion of such fiscal year). Your target bonus with respect to
each fiscal year shall be as set forth below (or a pro rata portion of such amount for a portion of such fiscal year), and the amount of any annual bonus awarded to you shall be determined by Company in its sole discretion based on factors including
the strength of your performance and the performance of Company and of Warner Music Group; provided that the amount of any annual bonus awarded to you may be higher or lower than the target amount. 

  
 HS 65899-1 

					
	 Fiscal Year
	  	Target Bonus	 
	 2018
	  	$	500,000	 
	 2019, 2020, 2021
	  	$	850,000	 
	 2022, 2023
	  	$	900,000”	 

 4.The following is hereby added to the Agreement as new Paragraph 3(e): 

“(e)Equity Plan: If, during the Term, Company establishes a new long-term incentive plan or program (a “new LTIP”)
in which executives of Company at your level are eligible to participate, then Company shall, in good faith, consider offering you the opportunity to participate in such new LTIP in accordance with the terms and conditions of such plan or
program.” 
 5.Paragraph 11(e)(ii) of the Agreement is hereby amended and restated in its entirety as follows: “(ii) an
amount equal to the per annum salary payable to you hereunder as of the Termination Date.” 
 6.Paragraph 11(g) of the Agreement is
hereby amended and restated in its entirety as follows:
 “(g)The ‘Non-renewal
Payments’ shall mean an amount equal to $600,000.” 
 7.Paragraph 12 of the Agreement is hereby amended and restated in its
entirety as follows: 
 “Confidential Matters: You shall keep secret all confidential matters of Company and its affiliates
(for purposes of Paragraphs 12 and 13 only, “Company”), and shall not disclose them to anyone outside of Company, either during or after your employment with Company, except (a) with Company’s prior written consent; (b) as
required by law or judicial process or as permitted by law for the purpose of reporting a violation of law; or (c) to your professional advisors to the extent reasonable and necessary. Company hereby informs you, and you hereby acknowledge, in
accordance with 18 U.S.C. Section 1833(b), that you may not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret where the disclosure (i) is made (A) in confidence to a
federal, state, or local government official, either directly or indirectly, or to any attorney; and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document
filed in a lawsuit or other proceeding, if such filing is made under seal. You shall deliver promptly to Company upon termination of your employment, or at any time as Company may request, all confidential memoranda, notes, records, reports and
other documents (and all copies thereof) relating to the business of Company which you may then possess or have under your control; provided that you may retain your personal files (i.e., your files not related to Company) and a copy of your address
book.” 

  
 2 

HS 65899-1 

 Except as expressly amended herein, the terms and provisions of the Agreement shall remain
in full force and effect. 
 If the foregoing correctly sets forth our understanding, please sign below and return this letter to Company.

  

			
	WARNER MUSIC INC.
		
	By:	 	 /s/ Paul M. Robinson

	 Name:
	 	Paul M. Robinson

  

	
	Accepted and Agreed:
	
	 /s/ Eric Levin

	Eric Levin

  
 3 

HS 65899-1EX-10.20

 Exhibit 10.20 

5.2.2018 
 WARNER MUSIC INC. 

1633 Broadway 
 New York,
NY 10019 
 May 2, 2018 
 Paul M.
Robinson 
 Dear Paul: 
 Please refer to the
employment agreement between Warner Music Inc. (“Company”) and you dated August 4, 2015 (the “Agreement”). 
 This
letter, when signed by you and countersigned by Company, shall constitute our agreement to amend the Agreement as set forth herein. Unless otherwise indicated, capitalized terms shall have the meanings set forth in the Agreement. 

1.Paragraph 1 of the Agreement is hereby amended and restated in its entirety as follows:

“1.Position: Executive Vice President, General Counsel & Secretary of Company, which is a direct wholly-owned
subsidiary of WMG Acquisition Corp., and an indirect wholly-owned subsidiary of Warner Music Group Corp. (“Parent”). You shall be the senior-most legal, business affairs and public policy executive of Company and of Parent (and their
respective successors).” 
 2.Paragraph 2 of the Agreement is hereby amended to extend the Term through September 30, 2022. 

3.Paragraph 3(a) of the Agreement is hereby amended to provide that effective as of October 1, 2018, your annual rate of salary shall be
$850,000. 
 4.Paragraph 3(b) of the Agreement is hereby amended and restated in its entirety as follows:

“(b)Annual Discretionary Bonus: With respect to each fiscal year of the Term, commencing with the fiscal year that begins
October 1, 2017 and ends September 30, 2018 (i.e., the 2018 fiscal year), Company shall consider granting to you an annual bonus (or a pro rata portion of such annual bonus for a portion of such fiscal year). Your target bonus
with respect to each fiscal year shall be as set forth below (or a pro rata portion of such amount for a portion of such fiscal year), and the amount of any annual bonus awarded to you shall be determined by Company in its sole discretion, which
shall be exercised by Company in good faith, based on factors 

  
 HS 65911-2 

 including, without limitation, the strength of your performance and the performance of
Company and of Warner Music Group; provided that the amount of any annual bonus awarded to you may be higher or lower than the target amount. 
  

					
	 Fiscal Year
	  	Target Bonus	 
	 2018
	  	$	600,000	 
	 2019 & thereafter
	  	$	850,000”	 

 5.The following is hereby added to the Agreement as new Paragraph 3(d): 

“(d) Equity Plan: If, during the Term, Company establishes a new long-term incentive plan or program (a “new LTIP”)
in which executives of Company at your level are eligible to participate, then Company shall, in good faith, consider offering you the opportunity to participate in such new LTIP in accordance with the terms and conditions of such plan or
program.” 
 6.Paragraph 11(e) of the Agreement is hereby amended and restated in its entirety as follows: 

“(e)“Special Termination Payments” shall mean the greater of (i) the Severance Amount (as defined below) and (ii) the
sum of (A) $1,250,000 plus (B) a pro rata discretionary annual bonus with respect to the fiscal year in which the Termination Date occurs, the amount of which pro rata discretionary annual bonus shall be determined by Company in its sole
discretion, which shall be exercised by Company in good faith.” 
 7.Paragraph 12 of the Agreement is hereby amended and restated in
its entirety as follows: 
 “Confidential Matters: You shall keep secret all confidential matters of Company and its
affiliates (for purposes of Paragraphs 12 and 13 only, “Company”), and shall not disclose them to anyone outside of Company, either during or after your employment with Company, except (a) with Company’s prior written consent;
(b) as required by law or judicial process or as permitted by law for the purpose of reporting a violation of law; or (c) to your professional advisors to the extent reasonable and necessary. Company hereby informs you, and you hereby
acknowledge, in accordance with 18 U.S.C. Section 1833(b), that you may not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret where the disclosure (i) is made (A) in
confidence to a federal, state, or local government official, either directly or indirectly, or to any attorney; and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or
other document filed in a lawsuit or other proceeding, if such filing is made under seal. You shall deliver promptly to Company upon termination of your employment, or at any time as Company may request, all confidential memoranda, notes,

  
 2 

HS 65911-2 

 
records, reports and other documents (and all copies thereof) relating to the business of Company which you may then possess or have under your control; provided that you may retain your personal
files (i.e., your files not related to Company) and a copy of your address book.” 
 Except as expressly amended herein, the terms and
provisions of the Agreement shall remain in full force and effect. 
 If the foregoing correctly sets forth our understanding, please sign
below and return this letter to Company. 
  

			
	WARNER MUSIC INC.
		
	By:	 	 /s/ Steve Cooper

	 Name:
	 	Steve Cooper

  

	
	Accepted and Agreed:
	
	 /s/ Paul M. Robinson

	Paul M. Robinson

  
 3

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