Document:

Exhibit 10.1 Q3FY15

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May 20, 2015

Michele A. Mills
357 Truman Road
Franklin, TN 37064
                        
          Re:    Separation and Release Agreement

Dear Mickey,

We have recently agreed to the termination of your employment relationship with Logan’s Roadhouse, Inc. (the “Company”), an indirect wholly-owned subsidiary of Roadhouse Holding Inc. (“Parent”).  This letter, upon your signature, will constitute the only agreement (the “Agreement”) between you and the Company and Parent regarding the termination of your employment relationship with the Company to include any officer or executive position held with Parent or any of its subsidiaries.  Notwithstanding anything contained herein to the contrary, this Agreement shall be subject to approval by the Board of Directors of the Company and such approval shall occur within five (5) days of you signing this letter.
1.    Termination of Employment.  The Company has agreed that your employment will terminate on May 22, 2015 (the “Separation Date”) and that from and after the Separation Date you are no longer authorized to conduct business on behalf of Parent or any of its subsidiaries, including but not limited to entering into contracts on behalf of Parent or any of its subsidiaries.
2.    Final Compensation; Acknowledgements.  No later than the Company’s first regularly scheduled payroll date after the Separation Date, the Company will pay or cause to be paid to you, less required tax and regular payroll withholdings, any remaining unpaid base salary that you earned from the Company through the Separation Date.  You acknowledge that:  (A) you have received such payments and have been paid all amounts owed to you by Parent or any of its subsidiaries, including but not limited to all wages, salary, overtime pay, vacation pay, bonuses, retention bonuses, incentives, commissions, and deferred compensation, other than (i) any business related expenses, which will be reimbursed pursuant to Section 3, and (ii) any amounts due to you under Section 4; (B) except as specified herein, you have no right to and will not receive any additional compensation, payments or benefits from Parent or any of its subsidiaries, and that no representations or promises to the contrary have been made to you; (C) you have no equity or right to obtain equity in Parent or any of its subsidiaries; (D) you have not earned and are not entitled to any bonus or other cash incentive award from the Company; (E) after the Separation Date, you will not be eligible to participate in the 401(k) plan sponsored by the Company or the Logan’s Roadhouse, Inc. Non-qualified Savings Plan; (F) after the Separation Date, you will not be eligible to make contributions to any Health Savings Account; (G) you have reported any and all work-related injuries or diseases that you may have incurred during your employment with the Company; and (H) you are not aware of any fact, failure to act, practice, policy, or activity of the Company that you consider to be or to have been unlawful or potentially unlawful.
3.    Reimbursement of Business Expenses.  If you incurred any business-related expenses on behalf of Parent or any of its subsidiaries through the Separation Date for which you have not yet received reimbursement or submitted all necessary information and documentation to claim reimbursement as of the Separation Date, you must submit to the Company all required information and supporting documentation as to those expenses no later than twenty (20) business days after the Separation Date.  If you fail to submit 

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all such information and supporting documentation for a business-related expense by then, you will be treated as having chosen not to seek any payment or reimbursement for, and as having waived any right to payment or reimbursement of, that expense.  As to any such information and documentation that is submitted on or before the twentieth (20th) business day following the Separation Date, the Company will reimburse you for any expenses that are reimbursable pursuant to the terms of the Company’s business expense policy.
4.    Consideration.  In consideration for your releases, promises, and representations in this Agreement, the Company agrees that if you (i) sign, and do not revoke, this Agreement within the Revocation Period (as defined below); and (ii) comply with restrictive covenants set forth in this Agreement, the Company will provide you, subject to Section 10, with the following (the “Severance Benefits”), which you acknowledge is more than you would be entitled to receive if you did not sign this Agreement:
A.    severance pay in a total amount equal to twenty-four (24) weeks of your current base salary with the Company, minus any applicable taxes and withholdings and other amounts required by law to be withheld, payable in accordance with the Company’s regular payroll practices over a twenty-four (24) week period (the “Severance Period”), beginning on the first payroll date that follows the expiration of the Revocation Period but in any event no later than sixty (60) days after the Separation Date (it being understood that payments shall not commence until after the expiration of the Revocation Period and that the first payment shall include all payments that would otherwise have been made after the Separation Date);
B.    provided that you elect, and to the extent that you are and remain eligible for, continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and the Company’s group health plan, payment of that part of the COBRA premiums for such continued coverage of you (and, if applicable as of the Separation Date, your dependents) that exceeds the amount that you would pay for such coverage if you were an active employee of the Company, starting on the first day following the date on which your coverage under that plan as an employee of the Company ends, and ending on the earlier of (i) the date as of which twenty-four (24) weeks of such subsidized COBRA premiums have been paid; or (ii) the date on which your right to continuation coverage under COBRA ends.  You agree and acknowledge that for so long as you are covered by COBRA and receiving severance pay under Section 4(A), the amount that you would pay for coverage under the Company’s group health plan if you were an active employee of the Company shall be deducted from such severance payments, and that this coverage under the Company’s group health plan shall run concurrently with such plan’s obligation to provide continuation coverage pursuant to COBRA.  You further agree and understand that this Section 4(B) shall not limit such plan’s obligation to provide continuation coverage under COBRA; and
5.    Releases. 
A.      General Release.  In consideration of the payments to you described in Section 4 of this Agreement, the sufficiency of which consideration you, the Company and Parent hereby acknowledge, you HEREBY KNOWINGLY AND VOLUNTARILY RELEASE AND FOREVER DISCHARGE THE COMPANY AND PARENT AND THEIR RESPECTIVE CURRENT AND FORMER EMPLOYEES, OFFICERS, DIRECTORS, AGENTS, EQUITY HOLDERS, MANAGERS, PARTNERS, MEMBERS, PRINCIPALS, PARENTS, SUBSIDIARIES, CORPORATE AFFILIATES, BENEFITS ADMINISTRATORS, INSURERS, AND ATTORNEYS (THE “RELEASEES”), COLLECTIVELY, SEPARATELY, AND SEVERALLY, FROM ANY AND ALL CLAIMS, DEMANDS, CAUSES OF ACTION, LIABILITIES AND JUDGMENTS OF EVERY TYPE AND DESCRIPTION WHATSOEVER INCLUDING, BUT NOT LIMITED TO, ALL CLAIMS ARISING UNDER THE EQUAL PAY ACT OF 1963, 9 U.S.C.§ 206 ET SEQ.; TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED, 42 U.S.C. § 2000E ET SEQ.; THE CIVIL RIGHTS ACT OF 1866, AS AMENDED, 42 U.S.C. § 1981; THE 

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CIVIL RIGHTS ACT OF 1991, 42 U.S.C. § 1981A; EXECUTIVE ORDER 11246, 30 FED. REG. 12319; THE AMERICANS WITH DISABILITIES ACT, AS AMENDED, 42 U.S.C. § 12101, ET SEQ.; THE FAMILY AND MEDICAL LEAVE ACT OF 1993, AS AMENDED, 28 U.S.C. §§ 2601 AND 2611 ET SEQ.; THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, 29 U.S.C. § 1001 ET SEQ.; THE SARBANES-OXLEY ACT OF 2002,  AS AMENDED, 18 U.S.C. § 1514A ET SEQ.; THE NATIONAL LABOR RELATIONS ACT, AS AMENDED, 29 U.S.C. § 151 ET SEQ.; THE TENNESSEE HUMAN RIGHTS ACT, TENN. CODE ANN. § 42-21-101 ET SEQ.; AND ANY OTHER STATE, LOCAL, OR FEDERAL TORT, CONTRACT, COMMON LAW, OR STATUTORY THEORIES OF LIABILITY, KNOWN OR UNKNOWN, FIXED OR CONTINGENT, THAT YOU, YOUR HEIRS, ADMINISTRATORS, EXECUTORS, PERSONAL REPRESENTATIVES, BENEFICIARIES, AND ASSIGNS HAVE, MAY HAVE, OR MAY CLAIM TO HAVE AGAINST THE RELEASEES OR ANY OF THEM FOR COMPENSATORY OR PUNITIVE DAMAGES OR OTHER LEGAL OR EQUITABLE RELIEF OF ANY TYPE OR DESCRIPTION, FROM THE BEGINNING OF TIME UP UNTIL THE TIME YOU SIGN THIS AGREEMENT.  NOTWITHSTANDING THE FOREGOING, YOU DO NOT HEREBY RELEASE ANY CLAIMS FOR WHICH RELEASES ARE PROHIBITED BY LAW. 
B.    Release of Claims Arising under the ADEA.  In addition to the foregoing, you hereby KNOWINGLY AND VOLUNTARILY RELEASE AND FOREVER DISCHARGE THE RELEASEES, COLLECTIVELY, SEPARATELY AND SEVERALLY, FROM AND FOR ANY AND ALL CLAIMS, DEMANDS, CAUSES OF ACTION, LIABILITIES, AND JUDGMENTS ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED  29 U.S.C. § 621 ET SEQ. (“ADEA”), WHICH YOU AND/OR YOUR HEIRS, ADMINISTRATORS, EXECUTORS, PERSONAL REPRESENTATIVES, BENEFICIARIES, AND ASSIGNS MAY HAVE OR CLAIM TO HAVE AGAINST THE RELEASEES, TOGETHER WITH THE CLAIMS RELEASED IN SECTION 5(A).  NOTWITHSTANDING ANY OTHER PROVISION OR SECTION OF THIS AGREEMENT, YOU DO NOT HEREBY WAIVE ANY RIGHTS OR CLAIMS UNDER THE ADEA THAT MAY ARISE AFTER THE DATE ON WHICH YOU SIGN THIS AGREEMENT.
i.    You hereby acknowledge and represent that the consideration provided to you under Section 4 of this Agreement is in addition to anything of value to which you were already entitled.
ii.    You are hereby advised to consult with an attorney prior to executing this Agreement.
iii.    You hereby acknowledge and represent that you have been informed that you have twenty-one (21) days to consider the terms of this Agreement.  You acknowledge and agree that any revisions made to this Agreement after it was initially delivered to you were either not material or were requested by you, and expressly agree that such changes do not re-start the twenty-one (21)-day consideration period described in the preceding sentence.
iv.    You understand that you have the right to revoke this Agreement for a period of seven (7) days after executing this Agreement (the “Revocation Period”).  This Agreement shall not be effective or enforceable until the Revocation Period has expired.  If not so revoked, this Agreement shall become irrevocable immediately following the end of the Revocation Period.
v.    In the event you revoke this Agreement, you shall notify the Company and Parent in writing to their designated agents for this purpose no later than the last day of the Revocation Period.  Such notice shall be delivered to the Company by national overnight delivery service such as Federal Express or United Parcel Service, the receipt of which shall be tracked by the delivery service, and addressed as follows:

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If to the Company:

Logan’s Roadhouse, Inc.
Attn:  Chief People Officer
3011 Armory Drive, Suite 300
Nashville, Tennessee 37204

If to Parent:

Roadhouse Holding, Inc.
Attn:  President
3011 Armory Drive, Suite 300
Nashville, Tennessee 37204

C.    No Pending Claims.  You represent that you have not filed, nor assigned to others the right to file, nor are there pending any complaints, charges or lawsuits against the Releasees with any governmental agency or any court.  
6.    Restrictive Covenants.

A.    Prior Agreements.  You acknowledge and agree that you remain subject to any and all confidentiality, non-solicitation, non-competition or other similar restrictive covenants you have previously entered into with the Company, to the extent permitted by law.

B.    Acknowledgments.  

i.    You acknowledge and agree that during your employment with the Company, (i) you had access to Confidential Information (as defined below) and that the unauthorized or improper use or disclosure by you of such Confidential Information will cause serious and irreparable harm to the Company; and (ii) an important part of your duties for the Company was to advance the business of the Company by directly or through the supervision of others, overseeing the financial activities of the Company, including financial planning monitoring cash flow, and ensuring that the Company's financial reports were accurate and timely.

ii.    You acknowledge and agree that the restrictions set forth under this Section 6 are reasonable, fair, and necessary to protect the Company’s legitimate business interests and that any claim or cause of action by you against the Company, whether predicated on this Agreement or otherwise, shall not constitute a waiver of or excuse for non-compliance with your obligations hereunder.  You also agree not to challenge or raise any equitable defenses to the enforceability of the restrictive covenants contained in this Section 6.  In furtherance and not in limitation of the foregoing, you represent and warrant that, because of your varied skill and abilities, you do not need to compete with the Business of the Company (as defined below) and that the restrictions set forth in this Section 6 will not prevent you from earning a livelihood.

C.    Non-Disclosure of Confidential Information.  You covenant and agree that you shall hold in a fiduciary capacity for the benefit of the Company, and will not directly or indirectly use or disclose (whether on your own behalf or on behalf of any other person, corporation, partnership, venture, or any other entity or form of business) any Confidential Information that you may have acquired (whether or not developed or compiled by you and whether or not you were authorized to have access to such Confidential Information) during your employment with the Company, for so long as such information remains Confidential Information.

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“Confidential Information” means data or other information owned by or pertaining to, or used or held for use in the business of, the Company or any of its affiliates that has been disclosed to you or of which you became aware as a consequence of or through your relationship with the Company and that has value to the Company (or, if owned by someone else, has value to that third party) and is not generally known to the public or to competitors in the restaurant industry

D.    Non-Competition.  You covenant and agree that for a period of one (1) year following the Separation Date, you will not, directly or indirectly, whether as an owner, a partner, an employee, an independent contractor, a consultant or otherwise (i) perform services that are substantially similar to the services that you performed, or in which you participated, or that you directed or oversaw for the Company within six (6) months prior to the Separation Date for or on behalf of any person or entity that competes with the Business of the Company (as defined below) in the Restricted Territory (as defined below); or (ii) perform any managerial, consultive or similar services of a type customarily performed by a manager, an officer, an executive or a director for or on behalf of any of the Direct Competitors (as defined below) in the U.S. Territory (as defined below). 

i.    The “Business of the Company” means the casual dining steakhouse and/or roadhouse restaurant business.

ii.    The “Direct Competitors” means the entities doing business as Texas Roadhouse, Lone Star Steaks, Longhorn Steakhouse, Outback Steakhouse, The Original Roadhouse, Santa Fe Cattle Company, Texas Land and Cattle and Black Angus Steakhouse. 

iii.    The “Restricted Territory” means the states of Alabama, Arizona, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia. 

iv.    The “U.S. Territory” means the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Washington, D.C., Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,  Washington, West Virginia, Wisconsin and Wyoming.

E.    Non-disparagement.  You covenant and agree that you shall not engage in any communications which shall disparage the Company or its affiliates or interfere with their existing or prospective business relationships.    

F.    Non-Poaching.  You covenant and agree that for a period of one (1) year following the Separation Date, you will not solicit or attempt to solicit, directly or by assisting others, any person who was an employee of the Company or any affiliate of the Company on, or within six (6) months before, the date of such solicitation or attempted solicitation, to leave the employment of the Company or such affiliate.

G.    Reformation.  In the event that any of the covenants in this Section 6 are found by a court of competent jurisdiction to be overly broad or otherwise unenforceable as written, the parties request the court to modify or reform any such covenant to allow it to be enforced to the maximum extent permitted by law and to enforce the covenant as so modified or reformed.

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H.    Tolling.  In the event the enforceability of any of the covenants in this Section 6 shall be challenged in a claim or counterclaim in court during the time periods set forth in this Agreement for such covenants, and you are not immediately enjoined from breaching any of the covenants herein, then if a court of competent jurisdiction later finds that the challenged protective covenant is enforceable, the time periods set forth in the challenged covenant(s) shall be deemed tolled upon the filing of the claim or counterclaim in court seeking or challenging the enforceability of this Agreement until the dispute is finally resolved and all periods of appeal have expired; provided, that, to the extent you comply with such covenant(s) during such challenge, the time periods set forth in the challenged covenant(s) shall not be deemed tolled.

I.    Enforcement.  You acknowledge and agree that in the event of a breach or threatened breach of any of the covenants and promises contained in this Section 6, the Company will suffer irreparable injury for which there is no adequate remedy at law.  You agree that the Company should be awarded injunctive relief, without the necessity of posting a bond, to enjoin you from engaging in acts or omissions in breach of this Agreement.  The Company’s rights in this respect are in addition to all rights otherwise available at law or in equity.

7.    Covenant Not to Sue. Except for an action brought to enforce this Agreement or challenge the validity of the release of claims under the ADEA set forth in Section 5(B), you agree to refrain from filing or otherwise initiating any action, lawsuit, charge, claim, demand, grievance, arbitration or other legal action against any of the Releasees over matters released or waived herein, and agree that you will refrain from participating in any action, complaint, charge, claim, demand, grievance, arbitration or other legal action initiated or pursued by any individual, group of individuals, partnership, corporation or other entity against any of the Releasees over matters released or waived herein, except as required by law.  You agree that if you institute or continue any form of legal action against any of the Releasees in violation of this Agreement, you will pay all costs and expenses, including reasonable attorneys’ fees, incurred by such Releasee(s) in defending against such legal action or in enforcing this Agreement.  Notwithstanding the foregoing, nothing in this Agreement shall interfere with your right to file a charge with or participate in an investigation or proceeding by the United States Equal Employment Opportunity Commission or other federal or state regulatory or law enforcement agency.  However, the consideration provided to you under this Agreement shall be the sole relief provided for the claims released herein.  You will not be entitled to recover, and you hereby waive, any monetary benefits or other recovery in connection with any such charge or proceeding, without regard to who brings such charge or proceeding.
8.    No Admission of Liability.  Nothing in this Agreement shall constitute an admission of liability on the part of any of the Releasees as to any matters whatsoever.
9.    Cessation of Duties and Return of Company Property.  Effective as of the Separation Date, you are relieved of all duties.  You agree to return to the Company all of the Company’s property, including, but not limited to, keys, passcards, credit cards, customer lists, rolodexes, tapes, software, computer files, marketing and sales materials, Company issued computers, or other electronics and any other record, document or piece of equipment belonging to the Company on the Separation Date; provided that you may keep any mobile telephone or iPad issued to you by the Company (although any service associated with such equipment will no longer be paid for by the Company and must be paid for by you) and the Company will permit you to transfer your mobile  telephone number in connection therewith.  You agree not to retain any copies of the Company’s property, including any copies existing in electronic form, which are in your possession or control.  You acknowledge that you have not and will not destroy, delete, or alter any Company property without the Company’s consent.  Notwithstanding the foregoing, you agree to be available throughout the Severance Period at the Company’s request to assist with matters relating to your former job duties and the transition of those duties.  You acknowledge and agree that the payments described in Section 

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4 herein are sufficient consideration for any assistance provided by you to the Company during the Severance Period. 
10.    Mitigation and Offset.  If you engage in any employment or provision of services whether as owner, principal, agent, partner, director, officer, independent contractor, consultant, or employee for any entity, corporation, partnership or individual, including, without limitation, self-employment (“Subsequent Employment”) during the Severance Period, your Severance Benefits will be terminated.  You agree to provide the Company with prompt written notice of any Subsequent Employment during the Severance Period.
11.    Cooperation and Assistance.  Upon reasonable notice by the Company, you shall be available during the Severance Period to voluntarily assist the Company with any projects for which the Company requests, in its sole discretion, your assistance.  Your assistance and cooperation shall include but not be limited to attending meetings.   In engaging in any conduct described in this Section 11, you shall not act in the capacity of an employee of the Company, and such assistance shall not make you eligible to participate in any employee benefit plan or program of the Company.
12.    Modification/Severability.  No provision of this Agreement may be changed, altered, modified or waived except in writing signed by you and a duly authorized representative of the Company, which writing shall specifically reference this Agreement and the provision which the parties intend to waive or modify.  In the event any provision of this Agreement is held to be unenforceable, each of the other provisions of this Agreement shall remain in full force and effect.
13.    Entire Agreement.  You and the Company acknowledge that this Agreement constitutes a full, final, and complete agreement and supersedes and replaces any and all other written or oral exchanges, agreements, understandings, arrangements, or negotiations between or among them relating to the subject matter hereof.  You acknowledge and represent that you have read this Agreement in full and understand and voluntarily consent and agree to each and every provision contained herein.
14.    Assignment.  You acknowledge that the terms of this Agreement are binding on you, your agents, personal representatives, successors, heirs, administrators, executors, and beneficiaries.  This Agreement may not be assigned by you and any such attempted or purported assignment shall be null and void.  You understand and agree that the Company has the right, without your prior consent, to assign this Agreement to any successor, assignee, parent, affiliate or subsidiary.
15.    Section 409A.  Notwithstanding anything herein to the contrary, amounts payable to you pursuant to Section 4 shall be made in reliance upon Treas. Reg. Section 1.409A-1(b)(9) (Separation Pay Plans) or Treas. Reg. Section 1.409A-1(b)(4) (Short-Term Deferrals), as applicable.  For this purpose each payment shall be considered a separate and distinct payment, and to the extent of reliance on Treas. Reg. Section 1.409A-1(b)(9), no separation pay amounts shall be payable unless your termination of employment constitutes a “separation from service” within the meaning of Treas. Reg. Section 1.409A-1(h)).  However, to the extent any such payments are treated as non-qualified deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), if the sixty (60)-day payment period set forth in Section 4(A) commences in one taxable year and ends in another, then no payments shall commence until the second taxable year.  The parties acknowledge and agree that, to the extent applicable, this Agreement shall be interpreted in accordance with Section 409A of the Code and guidance issued thereunder.
16.    Applicable Law.  THIS AGREEMENT SHALL IN ALL RESPECTS BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF 

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TENNESSEE WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS OF THE STATE OF TENNESSEE.
17.    Effectiveness.  You acknowledge and agree that you will not be entitled to any consideration under this Agreement if you revoke this Agreement.
18.    Breach.  You understand and agree that if you engage in conduct during the Severance Period that the Company determines in good faith constitutes a breach of any provision of this Agreement, the Company will cease to be obligated to make payments pursuant to Section 4 of this Agreement.  If any party hereto brings suit to compel performance of, to interpret or to recover damages for the breach of this Agreement, the ultimate prevailing party shall be entitled to reimbursement of its reasonable attorneys’ fees and any costs and required disbursements previously paid by such prevailing party.
[The signature page follows]

Sincerely,

LOGAN’S ROADHOUSE, INC.

By       /s/ Samuel N. Borgese      
Name:    Samuel N. Borgese
Title:  CEO & President    

ROADHOUSE HOLDING INC.

By       /s/ Samuel N. Borgese      
Name:    Samuel N. Borgese
Title:      CEO & President    

By signing this letter, I acknowledge that I have had the opportunity to review this Agreement carefully; that I understand the terms of the Agreement; and that I voluntarily agree to them.

Date:    05/21/15                           /s/ Michele A. Mills                 
Name

[Signature page to Separation Agreement]EX-10.1

 Exhibit 10.1 

SEPARATION AGREEMENT AND RELEASE 

This SEPARATION AGREEMENT AND RELEASE (“Agreement”) is between Robert Wiesenthal (“you”) and Warner Music Inc.
(“Company”). You and Company agree as follows: 
 1. Separation Date. In consideration for the promises you are making in
this Agreement, and specifically the release in Paragraph 8(a), and provided that this Agreement is executed by you no later than 21 calendar days following the date you first received a copy of this Agreement (and not revoked pursuant to Paragraph
17(b) below), your employment with Company will end on September 30, 2015 (the “Separation Date”) and effective as of such date the at-will letter agreement between you and Company dated December 20, 2012 and effective
January 1, 2013 (as amended, the “At-Will Agreement”) will be terminated, with no liability to either you or Company except as specifically set out in this Agreement; provided, however, that during the period from July 1,
2015 through September 30, 2015 (the “Transition Period”), you shall have no further authority or responsibilities as an employee of Company or any of its subsidiaries or affiliates that are direct or indirect subsidiaries of, or
otherwise owned or controlled by, Warner Music Group Corp. (collectively, “WMG), except to make yourself available as needed, on a non-exclusive basis, to provide such information and assistance (including, but not limited to, transition and
advisory services) as Company may reasonably request. Your services during the Transition Period shall be provided by telephone or e-mail unless otherwise mutually agreed by you and Company, and you shall continue to receive during the Transition
Period salary at the annual rate of $1,500,000 and be eligible for employee benefits (exclusive of the FCF Plan, as defined below) as were provided to you in connection with your position as Chief Operating Officer/Corporate, consistent with the
applicable terms and conditions of such plans. Effective as of June 30, 2015, you shall resign as an officer and director of WMG pursuant to a separate letter to that effect provided to you by Company, and you hereby agree to execute promptly
at the request by Company any additional documents necessary to effectuate this provision. 
 2. Separation Benefits. The following
separation benefits along with the payments and benefits provided during the Transition Period pursuant to this Agreement are in exchange for, and subject to, the promises you are making in this Agreement, and specifically the release in Paragraph
8(a), provided that this Agreement is executed in full no later than 21 calendar days following the date you receive this Agreement and not revoked pursuant to Paragraph 17(b) below: 

(a) Severance Payment. Company will pay you severance in the form of salary continuation, consistent with regular payroll practices.
Subject to offset as provided in Paragraph 14, the severance will equal a total of $750,000, which reflects the severance payment amount as set forth in Paragraph 8 of the At-Will Agreement. Severance payments shall commence on the next possible pay
cycle following the later of the Separation Date and the date this Agreement becomes non-revocable, at your salary rate as in effect as of the Separation Date, and continue for the applicable period (such period, the “Payment Period”) as
is necessary to cause the full amount due to be paid. You are not required to seek other employment to receive these payments, and Company will not reduce your severance if you obtain other earnings. However, if you become re-employed with any
Warner Music Inc. company before the end of the Payment Period, your severance pay will stop as of the date you begin such employment. 

(b) Discretionary Bonus. Company will pay you a discretionary annual bonus for Company’s 2015 fiscal year, in an amount to be
determined by Company in its good faith discretion, based on factors including the strength of your performance and the performance of Company, and prorated to reflect months elapsed during such fiscal year prior to the start of the Transition
Period. Payment of any discretionary bonus amount shall be made to you at the same time as annual bonuses for Company’s fiscal year 2015 are paid to Company employees generally, but not later than March 15, 2016. 

  
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 3. Vacation Pay. Company will pay you any accrued and unused vacation time and personal
time through the Separation Date, in each case in accordance with Company’s policies. 
 4. Benefits Coverage. Following the
Separation Date, you may have the right, in accordance with and subject to the Consolidated Omnibus Budget Reconciliation Act, as amended (“COBRA”), at your expense, to elect to continue your and/or your dependents’ medical health
insurance coverage, including dental and vision insurance coverage under the group insurance plan maintained by Company in accordance with the terms of the applicable plans for such period of time as required under COBRA. Further information
regarding COBRA coverage, including enrollment forms and premium quotations, will be sent to you separately. 
 5. Annual FCF Bonus.
Company shall pay to you $102,446, which equals a prorated portion (based on days elapsed during the 2015 Plan Year prior to the start of the Transition Period over 365) of the Annual FCF Bonus (as defined in the Amended and Restated Warner Music
Group Corp. Senior Management Free Cash Flow Plan (as amended, the “FCF Plan”)) that would otherwise be payable to you for the 2015 Plan Year, using projected Free Cash Flow as determined as of May 31, 2015. Such amount shall be paid
to you not later than December 31, 2015. Capital terms used in this Paragraph 5 and not otherwise defined in this Agreement shall have the meanings ascribed thereto under the FCF Plan. 

6. Equity Units. Pursuant to the terms of the FCF Plan, the DEU Agreements (as defined below) and the Limited Liability Company
Agreement of WMG Management Holdings, LLC (“Holdings LLC”), dated January 1, 2013 (as amended, the “LLC Agreement”), your Equity Units shall be treated as follows: 

(a) Your Deferred Equity Units shall be settled in exchange for payment to you in the amount of $303,264, which equals the product of
(i) the number of your outstanding Deferred Equity Units as of June 30, 2015 and (ii) the Fair Market Value of a Fractional Company Share, as determined by the Company, as of June 30, 2015. Such amount shall be paid to you not
later than December 31, 2015. 
 (b) Your Special Deferred Equity Units, 100% of which are unvested as of June 30, 2015, shall be
forfeited as of June 30, 2015 with no consideration payable therefor. 
 (c) Company hereby notifies you (on behalf of Holdings LLC) of
the election to exercise the Call Right to purchase all of your outstanding Vested Matching Equity Units at a per unit purchase price of $132.92, which, in the Company’s determination, reflects the per unit Liquidation Value determined as of
June 30, 2015, less the benchmark amount of $107.13. The aggregate payment to you in the amount of $72,931 shall be paid within 90 days following the Separation Date. 

(d) Your Unvested Matching Equity Units shall be forfeited as of June 30, 2015 with no consideration payable therefor. 

Capitalized terms used and not defined within this Paragraph 6 shall have the meanings ascribed thereto under the FCF Plan and LLC Agreement. You hereby agree
to the valuation used for purposes of the payments to be made under this Section 6 in respect of your Deferred Equity Units and Vested Matching Equity Units. 

7. No other Payments or Benefits. You acknowledge and agree that, other than the payments and benefits expressly set forth in this
Agreement, you have received all compensation to which you are entitled from Company, and you are not entitled to any other payments or benefits from Company Group (as defined below) or Holdings LLC, including without limitation, with respect to the
At-Will Agreement, the FCF Plan, the Award Agreements between you and Company dated December 3, 2013 and March 7, 2014, respectively (as amended, the “DEU Agreements”) and the LLC Agreement. All payments made to you hereunder
shall be subject to applicable withholding, social security taxes and other applicable ordinary and customary payroll deductions. 

  
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 8. Mutual Waiver and Release. 

(a) Waiver and Release by You. You agree that you are not otherwise entitled to receive the separation benefits described in Paragraph
2, and that these benefits are sufficient consideration for the following Waiver and Release. 
 (i) In exchange for the payments and other
benefits you are receiving under this Agreement, you agree to waive, release and forever discharge Company Group from all claims of any kind. You release Company Group from liability for any claims or damages you may have against it as
of the date you sign this Agreement, whether those claims are known to you or unknown, except for claims that cannot be waived or released under the law or as otherwise provided in Paragraph 21 and Paragraph 22 hereof. Your release includes
all claims relating to your employment with Company Group, your benefits through Company Group or Holdings LLC, or the termination of your employment (including under the At-Will Agreement, the FCF Plan, the DEU Agreements and the LLC Agreement, and
including any claims relating to valuation of your Deferred Equity Units or Matching Equity Units), whether arising under common law, federal, state or local law, regulation, ordinance or order. Examples of claims waived and released by you include,
but are not limited to, any alleged violation of the following laws and other sources of legal rights, each as amended: 
  

	 	•	 	Sections 1981 through 1988 of Title 42 of the United States Code; 

  

	 	•	 	the Employee Retirement Income Security Act of 1974 (“ERISA”) (except for any vested benefits under any tax qualified benefit plan); 

 

	 	•	 	the Immigration Reform and Control Act of 1986; 

  

	 	•	 	the Americans with Disabilities Act of 1990; 

  

	 	•	 	the Age Discrimination in Employment Act of 1967; 

  

	 	•	 	the Worker Adjustment and Retraining Notification Act; 

  

	 	•	 	the Genetic Information Non-discrimination Act; 

  

	 	•	 	the Occupational Safety and Health Act; 

  

	 	•	 	the Rehabilitation Act of 1973; 

  

	 	•	 	the Family and Medical Leave Act; 

  

	 	•	 	the Fair Credit Reporting Act; 

  

	 	•	 	the Sarbanes-Oxley Act of 2002, to the extent permitted by law; 

  

	 	•	 	Title VII of the Civil Rights Act of 1964; 

  

	 	•	 	the Civil Rights Act of 1991; 

  

	 	•	 	the New York Human Rights Law; 

  
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	 	•	 	the New York Executive Law; 

  

	 	•	 	the New York Labor Law; 

  

	 	•	 	the New York Civil Rights Law; 

  

	 	•	 	the New York Equal Pay Law; 

  

	 	•	 	the New York Whistleblower Law; 

  

	 	•	 	the New York Legal Activities Law; 

  

	 	•	 	the New York Wage-Hour and Wage Payment Laws and Regulations; 

  

	 	•	 	the New York Minimum Wage Law; 

  

	 	•	 	the New York Occupational Safety and Health Laws; 

  

	 	•	 	the Non-discrimination and Anti-retaliation Provisions of the New York Workers’ Compensation Law and the New York State Disabilities Benefits Law; 

 

	 	•	 	the New York State Worker Adjustment and Retraining Notification Act; 

  

	 	•	 	the New York City Administrative Code and Charter; 

  

	 	•	 	any other federal, state, local or other law, or any other federal, state or local law, rule, regulation, constitution, code, guideline or ordinance; 

 

	 	•	 	any public policy, contract, tort law or common law; 

  

	 	•	 	or any statute, common law, agreement or other basis for seeking or recovering any award of costs, fees or other expenses, including but not limited to attorneys’ fees and/or costs, other than as provided herein.

 “Company Group” shall mean Company, its successors, parents, subsidiaries and affiliates and its and their directors, officers,
agents, representatives and employees; provided, however, that “Company Group” shall for all purposes hereunder be limited to Warner Music Group Corp. (the parent of Company) and its subsidiaries and controlled affiliates below Warner
Music Group Corp., and shall in no event include or apply to any equityholder of Warner Music Group Corp. (i.e., any entity above Warner Music Group Corp.) or any director (or equivalent), officer, agent, representative or employee of any such
equityholder or entity above Warner Music Group Corp. 
 (ii) Notwithstanding anything provided to the contrary herein, nothing in this
Waiver and Release prevents you from filing a charge with an administrative agency or cooperating with the investigation of such a charge. However, you waive your right to any personal relief for claims that you have released, including lost wages,
salary, benefits, money damages, attorneys’ fees, costs, reinstatement or any other legal or equitable relief. You waive such personal relief even if it is sought on your behalf by an agency, a governmental authority, or a person claiming to
represent you and/or any member of a class. 

  
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 (b) Waiver and Release by Company. Company, for itself and Company Group, waives,
releases, and forever discharges you from all claims Company Group may have against you as of the date Company signs this Agreement under any common law, federal, state or local law, regulation, ordinance or order, arising out of your employment
with WMG, except for any claims relating to the restrictive covenants set forth in Section 3.6 of the LLC Agreement or any claim that you committed a crime or engaged in acts or omissions to act constituting fraud or other willful misconduct.

 9. No Admission. You and Company each acknowledge that nothing in this Agreement is an admission of liability or wrongdoing by
either you or Company. You are not aware of any fraud or wrongdoing by WMG and you have not been retaliated against for reporting any allegations of fraud or other wrongdoing. 

10. Confidentiality and Non-Disclosure. Except as otherwise provided in Paragraph 12 or 21 hereof, you shall not at any time exploit,
use, sell, publish, disclose, or communicate to any person, corporation or entity, either directly or indirectly, any trade secrets, privileged information, confidential information or proprietary information regarding Company Group, including,
without limitation, the terms of any agreements including this Agreement between WMG and any third party (except that you may disclose the financial terms of this Agreement to tax authorities, and to your attorneys and accountants). You shall not
during the one-year period following the date hereof, without the prior written approval of Executive Vice President, Corporate Communications and Marketing for Warner Music Group, discuss any “Company Topic” (as defined below) with any
press or media representative, nor shall you provide any information regarding any Company Topic to any press or media representative. “Company Topic” shall mean any matter relating to WMG, including any of their respective employees or
artists. Nothing herein precludes you from (a) disclosing confidential information to the extent that such disclosure is required by law, regulation, subpoena, or court order or (b) reporting possible violations of U.S. federal law or
regulation to any governmental agency or entity or making other disclosures that are protected under the whistleblower provisions of U.S. federal law or regulation. Notwithstanding the foregoing, under no circumstance are you authorized to disclose
any information covered by the Company Group’s attorney-client privilege or attorney work product or the Company Group’s trade secrets without prior written consent of the General Counsel of Warner Music Group. 

11. Cooperation. To the extent allowed by law, you agree to cooperate reasonably and truthfully with Company in the prosecution,
defense or pursuit of any matter in which you were involved during your employment. You also agree not to voluntarily aid or assist any legal action or proceeding filed by third parties against Company, unless your participation is required under
the law. 
 12. Protected Disclosures and Statements. Nothing in this Agreement prohibits you from responding truthfully to a
lawfully-issued subpoena, court order, or other binding request by a regulatory agency or governmental authority. 
 13. Return of
Property. You agree to promptly return to Company all property of Company in your possession, including, but not limited to: keys, identification cards, files, records, credit cards, electronic equipment, and books and manuals issued to you by
Company. 
 14. Card Pay-Off Requirement. You hereby represent and agree that any outstanding balances on corporate credit cards
provided to you by Company have been paid in full, or will be fully paid by you prior to the due date specified by the credit card provider. You hereby authorize Company to offset from the severance payment set forth in Paragraph 2(a) any and all
amounts remaining unpaid on your corporate credit card more than 7 days past the due date therefor. 

  
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 15. Restrictive Covenants. You hereby agree that you shall comply with and be subject to
the restrictive covenants set forth in Section 3.6 of the LLC Agreement in accordance with the terms thereof, which are hereby incorporated into this Agreement by reference as if set forth expressly herein; provided, however, that you shall not
be prohibited from hiring (or soliciting for employment) your assistant employed by Company as of the Separation Date. 
 16.
Indemnity. Company hereby agrees to indemnify you against expenses (including but not limited to final judgments and amounts paid in settlement to which Company has consented in writing, which consent shall not be unreasonably withheld) in
connection with litigation against you arising out of the performance of your duties with Company Group; provided that (a) the foregoing indemnity shall only apply to matters for which you perform such duties in good faith and in a manner you
reasonably believe to be in or not opposed to the best interests of Company and not in contravention of the instructions of any senior officer of Company and (b) you shall have provided Company with prompt notice of the commencement of any such
litigation. Company will provide defense counsel as reasonably mutually selected and agreed by you and Company. You agree to reasonably cooperate in connection with any such litigation. For the avoidance of doubt, this indemnity shall not apply to
any dispute relating to this Agreement or its terms. 
 17. Representations and Effective Date. 

(a) Consideration Period. You understand that this Agreement is a legally binding document under which you are giving up certain rights,
including any rights you have or may have under the Age Discrimination in Employment Act of 1967 (as amended, “ADEA”) and the Older Workers Benefit Protection Act of 1990, as amended, arising from your employment with Company, the
termination of that employment or any other dealings of any kind between you and Company Group as of the date you sign this Agreement unless you have revoked this Agreement pursuant to Paragraph 17(b), in consideration for the monies and benefits
specified in Paragraph 2 above. You acknowledge that you have been advised to discuss this Agreement with an attorney and other professional persons unrelated to Company before you sign it, and that you have been given the time necessary to seek
such advice and counsel. You have had at least 21 days to consider this Agreement. You also agree that the 21-day consideration period will not restart if changes, material or immaterial, are made to this Agreement, and you waive any right you might
have to restart the running of the 21-day consideration period. You acknowledge that you have read this Agreement and that you have signed this Agreement freely and voluntarily, with full knowledge of all material facts. 

(b) Revocation Period. You understand you may revoke this Agreement within seven days of its execution, by notifying Company in writing
of your desire to revoke the Agreement. If you revoke this Agreement, the Agreement will have no legal effect. Any revocation within this period must be submitted, in writing, to Executive Vice President and General Counsel, Warner Music Inc., and
must state: “I hereby revoke my acceptance of our Separation Agreement and Release.” The revocation must be either: (i) personally delivered to Executive Vice President and General Counsel, Warner Music Inc., 1633 Broadway, New York,
NY 10019, within 7 calendar days after you sign the Agreement; (ii) mailed to Executive Vice President and General Counsel, at the address specified above by First Class United States mail and postmarked within 7 calendar days after you sign
this Agreement; or (iii) delivered to Executive Vice President and General Counsel, at the address specified above through a reputable overnight service with documented evidence that it was sent within 7 calendar days after you signed the
Agreement. The provisions of this Agreement, including any payments due to you, are not binding on Company until eight days after the execution of this Agreement by you. This Agreement will become binding and enforceable on the eighth day after it
is signed by you. 
 18. Complete Agreement. This Agreement reflects the final and complete Agreement between you and Company Group
with respect to the subjects addressed by it. This Agreement supersedes any and all prior agreements between you and Company Group, including the At-Will Agreement, the FCF Plan, the DEU Agreements and the LLC Agreement; provided, that pursuant to
Paragraph 15, the restrictive 

  
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covenants of Section 3.6 of the LLC Agreement are hereby incorporated by reference. No modification or waiver of the terms of this Agreement will be valid unless made in writing and signed
by an officer of Company and you. 
 19. Severability. If any provision of this Agreement is ruled invalid, that will not affect any
other provisions of this Agreement that can be given effect without the invalid provision. The provisions of this Agreement are severable. 

20. Choice of Law. This Agreement will be governed by and construed according to the laws of the State of New York without regard to
any choice of law provisions. In the unlikely event that differences arise between the parties related to or arising from this Agreement that are not resolved by mutual agreement, to facilitate a judicial resolution and save time and expense of both
parties, the Company and you agree not to demand a trial by jury in any action, proceeding or counterclaim. 
 21. Claims Not
Released. You are not waiving any rights you may have to: (a) your own vested accrued employee benefits under any tax-qualified or non-tax qualified health, welfare, retirement benefit plans or programs of Company as of your Separation Date
(other than the FCF Plan); (b) benefits and/or the right to seek benefits under applicable workers’ compensation and/or unemployment compensation statutes; (c) pursue claims which by law cannot be waived by signing this Agreement;
(d) enforce this Agreement or to receive the payment of any amount or the provision of any right hereunder; and/or (e) challenge the validity of this Agreement. 

22. Governmental Agencies. Nothing in this Agreement prohibits or prevents you from filing a charge with or participating, testifying
or assisting in any investigation, hearing or other proceeding before any federal, state or local government agency. However, to the maximum extent permitted by law, you agree that if such an administrative claim is made, you shall not be entitled
to recover any individual monetary relief or other individual remedies from a proceeding under ADEA or other civil rights statute. 
 23.
409A Statement. This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and will be interpreted in a manner intended to comply with Section 409A of the Code (and
any related regulations or other pronouncements). Amounts payable under this Agreement shall be deemed not to be a “deferral of compensation” subject to Section 409A of the Code to the extent provided in the exceptions set forth in
Treas. Reg. Section 1.409A-1(b)(4) (“short-term deferrals”) and Treas. Reg. Section 1.409A-1(b)(9) (“separation pay plans”) and other applicable provisions of Treas. Reg. Section 1.409A-1 through A-6. For all
purposes of the FCF Plan and Sections 2(a), 5 and 6 of this Agreement, references under this Agreement to a termination of your employment shall be deemed to refer to the date upon which you have experienced a “separation from service”
within the meaning of Section 409A of the Code. Notwithstanding anything herein to the contrary, if any other payments of money or other benefits due to you hereunder could cause the application of an accelerated or additional tax under
Section 409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment or other benefits compliant under Section 409A of the Code, or otherwise such payment or other benefits shall be restructured,
to the extent possible, in a manner, determined by Company, that does not cause such an accelerated or additional tax. To the extent any reimbursements or in-kind benefits due to you under this Agreement constitute “deferred compensation”
under Section 409A of the Code, any such reimbursements or in-kind benefits shall be paid to you in a manner consistent with Treas. Reg. Section 1.409A-3(i)(1)(iv). Each payment made under this Agreement shall be designated as a
“separate payment” within the meaning of Section 409A of the Code. For the avoidance of doubt, any continued health benefit plan coverage that you are entitled to receive following your termination of employment is expected to be
exempt from Section 409A of the Code and, as such, shall not be subject to delay pursuant to this paragraph. 
 [signature page follows]

  
 7 

							
	Date: 6/16/15				 /s/ Robert Wiesenthal

					Robert Wiesenthal
			
					WARNER MUSIC INC.
				
	Date: 6/16/15				By:		 /s/ Paul M. Robinson

					Name:		Paul M. Robinson

  
 8

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