Document:

Exhibit 1011 Amended Mad River

		
			Exhibit 10.11
		

		
			 
		

		
			SECOND AMENDMENT TO LEASE AGREEMENT
		

		
			 
		

		
			THIS SECOND AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is made as of the 1st day of December, 2014 (the “Effective Date”), by and between EPT MAD RIVER, INC., a Missouri corporation (“Landlord”) and MAD RIVER MOUNTAIN, INC., a Missouri corporation (“Tenant”).
		

		
			 
		

		
			RECITALS
		

		
			 
		

		
			A.                                    Reference is made to that certain Lease Agreement dated as of November 17, 2005 (the “Original Lease”), by and between Landlord and Tenant, Landlord leased to Tenant and Tenant leased from Landlord certain premises located on real property in the Village of Valley Hi, Logan County, Ohio, as more particularly described in the Original Lease.
		

		
			 
		

		
			B.                                    The Original Lease was modified and amended pursuant to that certain First Amendment to Lease dated June 30, 2006 (as further amended by this Amendment, collectively referred to herein as the “Lease”).
		

		
			 
		

		
			C.                                    Landlord and Tenant desire to enter into this Amendment to extend the term of the Lease and to establish the Annual Fixed Rent for such term as set forth below.
		

		
			 
		

		
			NOW, THEREFORE, in consideration of the above recitals, the terms, covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereby agree as follows:
		

		
			 
		

		
			1.                                      Defined Terms.  Defined terms not otherwise defined herein shall have the meaning given to such term in the Lease.
		

		
			 
		

		
			2.                                      Incorporation of Recitals.  The foregoing recitals are hereby incorporated herein by reference.
		

		
			 
		

		
			3.                                      Term.  Landlord and Tenant acknowledge that the Term of the Lease is set to expire on December 31, 2026.  Landlord and Tenant agree that the Term of the Lease is hereby extended beyond its scheduled expiration date of December 31, 2026, for a period of eight additional years, commencing on January 1, 2027 (the “Extended Term Commencement Date”), and running through December 31, 2034 (the “Extended Term”) on the same terms as set forth in the Lease.  Tenant shall have no further options to extend the Lease.
		

		
			 
		

		
			4.                                      Counterparts.   This Amendment may be executed at different times and in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile or electronic mail shall be as effective as delivery of a manually executed counterpart of this Amendment.  In proving this Amendment, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom enforcement is sought.
		

		
			 
		

		
			 
		

		

		

		 

 

		 
		

		
			5.                                      Successors and Assigns.  This Amendment shall inure to the benefit of and be binding upon Landlord and Tenant and their respective representatives, successors and assigns.
		

		
			 
		

		
			6.                                      Affirmation of Lease.  All other terms and provisions of the Lease that are not specifically modified by this Amendment shall remain in full force and effect, unmodified by the terms of this Amendment.  All references herein or in the Lease to the “Lease” shall mean and refer to the Lease as amended by this Amendment.
		

		
			 
		

		
			[Remainder of Page Intentionally Left Blank]
		

		
			 
		

		
			2
		

		
			 
		

		

		

		 

 

		 
		

		
			IN WITNESS WHEREOF, Landlord and Tenant have caused this Amendment to be duly executed as of the day and year first above written.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						“Landlord” 

					
					
						 

					
					
						“Tenant” 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						EPT MAD RIVER, INC., 

					
						a Missouri corporation 

					
					
						 

					
					
						MAD RIVER MOUNTAIN, INC., 

					
						a Missouri corporation 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Gregory K. Silvers 

					
					
						 

					
					
						By:

					
					
						/s/ Stephen J. Mueller 

				
	
					
						Gregory K. Silvers, Vice President

					
					
						 

					
					
						Stephen J. Mueller, Vice President

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			S-1
		

		
			 
		

		

		

		 

 

		 
		

		
			GUARANTOR’S CONSENT
		

		
			 
		

		
			The undersigned Guarantor of the Lease hereby (i) acknowledges and consents to the terms of the foregoing Amendment, (ii) reaffirms the full force and effect of its Guaranty dated November 17, 2005 (the “Guaranty”), as of the day and year first above written, and (iii) agrees that the Guaranty guarantees payment and performance of all Obligations, as defined in the Guaranty, as modified pursuant to this Amendment.
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						PEAK RESORTS, INC.,

				
	
					
						 

					
					
						a Missouri corporation

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Stephen J. Mueller

				
	
					
						 

					
					
						Stephen J. Mueller, Vice President

				

		
			 
		

		
			 
		

		
			S-2EX-10.1

 Exhibit 10.1 

January 2, 2015 
 Steffen Parratt 

[at the address on file 
 with the Company] 

 

	 	Re:	Employment Agreement 

 Dear Steffen: 

This letter agreement (“Agreement”) sets forth the terms of your employment with KCG Holdings, Inc., a Delaware corporation
(the “Company”) and its affiliates (together, the “Group”). 
  

	1.	Terms Schedule 

 Some of the terms of your employment are in the attached schedule (your
“Schedule”), which is part of this Agreement. 
  

	2.	Term of Your Employment 

 Your employment under this Agreement will begin on the date
stated in your Schedule and is scheduled to end as stated in your Schedule (your “Scheduled Term”). 
  

	3.	Your Position, Performance and Other Activities 

 (a) Position. You will be
employed in the position stated in your Schedule. 
 (b) Authority, Responsibilities, and Reporting. Your authority, responsibilities
and reporting relationships will correspond to your position and will include any particular authority, responsibilities and reporting relationships stated in your Schedule or that, consistent with your position, the Chief Executive Officer of the
Company or the Board of Directors of the Company (the “Board”) may assign to you from time to time. 

 —Steffen Parratt 

 

 (c) Performance. You will devote substantially all of your business time and attention
to the Group and will use good faith efforts to discharge your responsibilities under this Agreement to the best of your ability. During your employment, you will not engage in any other business activity that conflicts with your duties and
obligations to the Group. 
  

	4.	Your Compensation 

 (a) Salary. You will receive an annual base salary (your
“Salary”). The starting amount of your Salary is in your Schedule. The Company will review your Salary consistent with its general practice for senior executives and may increase it at any time for any reason. However, your Salary
may not be decreased at any time (including after any increase) other than as part of an across-the-board salary reduction that applies in the same manner to all senior executives, and any increase in your Salary will not reduce or limit any other
obligation to you under this Agreement. Your Salary will be paid in accordance with the Company’s normal practices for senior executives. The term Salary as used in this Agreement shall refer to your Salary as it may be increased from time to
time. 
 (b) Annual Incentive. Commencing with the 2015 fiscal year, you will be eligible to receive an annual incentive (your
“Annual Incentive”) for each fiscal year of the Company ending during your employment. The amount of your Annual Incentive will be determined by the Company in accordance with your Schedule. A portion of your Annual Incentive will
be paid in cash and the remaining portion will be settled in equity-based awards over the Company’s common stock (your “Annual Incentive Equity”), as determined by the Company in accordance with your Schedule. The vesting
schedule and any other features of your Annual Incentive Equity will be determined by the Company in accordance with your Schedule. Except as provided in this Agreement, your Annual Incentive Equity will be subject to the terms of the Company equity
plan under which it is granted and to the terms of any applicable award agreements. Your Annual Incentive will be paid or granted, as applicable, within two and one-half months after the end of the fiscal year to which it relates. Your Annual
Incentive will be subject to the terms of the Company annual incentive plan under which it is awarded, any Group clawback or recoupment policy in effect from time to time that is triggered by the Company’s filing of restated financial
statements with the Securities and Exchange Commission (a “Group Recoupment Policy”), and any other clawback or recoupment to the extent required by applicable law. You expressly agree to comply with any Group Recoupment Policy in
all regards. 
 (c) Performance Awards. In addition to your Salary and Annual Incentive, your start date grant, you will be awarded
over the Company’s common stock (your “Performance Awards”) in accordance with your Schedule; provided, that you will forfeit the Performance Awards unless you execute the Agreement within 30 days of it being approved by
the Board and executed on behalf of the Company. The amount and form of Performance Awards you will receive is in your Schedule. Your Performance Awards also will have any other features stated in your Schedule. Except as provided in this Agreement,
your Performance Awards will be subject to the terms of the Company equity plan under which they are granted and to the terms of the applicable award agreements. 

  
 - 2 - 

 —Steffen Parratt 

 

	5.	Your Benefits 

 (a) Employee Benefit Plans. During your employment, you will be
entitled to participate in each of the Group’s employee benefit and welfare plans, including plans providing retirement benefits or medical, dental, hospitalization, life or disability insurance, or fringe benefits on a basis that is at least
as favorable as that provided to other senior executives of the Company. 
 (b) Vacation. You will be entitled to paid annual
vacation on a basis that is at least as favorable as that provided to other senior executives of the Company. 
 (c) Business
Expenses. You will be reimbursed for all reasonable business and entertainment expenses incurred by you in performing your responsibilities under this Agreement that are submitted in accordance with the Group’s policy. 

(d) Indemnification; Advancement of Expenses. To the extent permitted by law and the Company’s bylaws, the Company will
indemnify you against any actual or threatened action, suit or proceeding against you, whether civil, criminal, administrative or investigative, arising by reason of your status as a director, officer, employee and/or agent of the Group during your
employment. In addition, to the extent permitted by law, the Company will advance or reimburse any expenses, including reasonable attorney’s fees, you incur in investigating and defending any actual or threatened action, suit or proceeding for
which you may be entitled to indemnification under this Section 5(d). However, you agree to repay any expenses paid or reimbursed by the Company to the extent it is ultimately determined that you are not legally entitled to be indemnified by
the Company. If the Company’s ability to make any payment contemplated by this Section 5(d) depends on an investigation or determination by the board of directors of any member of the Group, at your request the Company will use its best
efforts to cause the investigation to be made (at the Company’s expense) and to have the relevant board reach a determination in good faith as soon as reasonably possible. 

(e) Additional Benefits. During your employment, you will be provided any additional benefits stated in your Schedule. 

 

	6.	Termination of Your Employment 

 (a) No Reason Required. Neither you nor the
Company is under any obligation to continue your employment beyond your Scheduled Term. In addition, you or the Company may terminate your employment early at any time for any reason, or for no reason, subject to compliance with this Section 6.

 (b) Related Definitions. 

  
 - 3 - 

 —Steffen Parratt 

 

 (1) “Cause” means, subject to the provisions of your
Schedule, a finding by the Board of any of the following: 
 (A) Your continued and willful failure to perform substantially
your responsibilities to the Group under this Agreement, after demand for substantial performance has been given by the Board that specifically identifies how you have not substantially performed your responsibilities. Cause does not,
however, include failure resulting from your incapacity due to mental or physical illness or injury or from any permitted leave required by law. 

(B) You engage in illegal conduct, gross misconduct, or gross neglect, that in any case causes material financial or
reputational harm to either the Group or the Company. 
 (C) Your conviction of, or plea of guilty or nolo contendere
to, a felony, other than any felony with respect to which your involvement is limited to your position with the Group, you had no direct involvement and you had no actual knowledge of the actions underlying the felony until after they were
taken. 
 (D) Your material breach of Sections 3(c), 7, 8(c), 8(d), 8(e) or 8(f). However, to the extent the breach is
curable, the Company must give you notice and a reasonable opportunity to cure. 
 (E) Your expulsion, or subjection to an
order permanently or temporarily (more than 90 days) enjoining you, from the securities, investment management or investment banking business or your disqualification or bar from acting in the capacity contemplated by this Agreement by the
Securities and Exchange Commission, the Financial Industry Regulatory Authority (the “FINRA”), any national securities exchange or any self-regulatory agency or governmental authority, in each case after you have exhausted all
appeals or have admitted to such finding by consent, unless such expulsion, permanent injunction, disqualification or bar is due to your engagement in conduct with the recorded authorization of the Board or in good faith, reasonable reliance on the
advice of the Company’s counsel. 
 (F) Your habitual abuse of narcotics or alcohol. 

(G) Your fraud or material dishonesty in connection with the business of the Group. 

(H) Your willful misappropriation of any of the Group’s funds or property. 

  
 - 4 - 

 —Steffen Parratt 

 

 The Company may place you on paid leave for up to 60 consecutive days while it is determining
whether there is a basis to terminate your employment for Cause. This leave will not constitute Good Reason. 
 (2)
“Good Reason” means, without your written consent, a material breach by the Company of this Agreement or any other material financial obligation to you or the occurrence of any other event or condition set forth in your Schedule as
constituting Good Reason. You must provide written notice to the Company of the existence of any event or condition that constitutes Good Reason within 90 days of its existence. Upon receipt of such notice, the Company shall have a period of 30 days
during which it may remedy such event or condition that constitutes Good Reason (the “Cure Period”). Notwithstanding any other provision herein, your termination of employment shall not constitute a termination with Good Reason
unless such termination occurs within 60 days following the last day of the Cure Period. 
 (3) “Disability”
has the same meaning as that contained in the Group’s long-term disability policy that triggers eligibility for benefits. 

(4) “Change in Control” shall have the meaning set forth in the Company’s Amended and Restated Equity
Incentive Plan, as assumed by the Company on July 1, 2015. 
 (c) With Good Reason or Without Cause. If, during your Scheduled
Term, the Company terminates your employment without Cause or you terminate your employment with Good Reason: 
 (1) The
Company will, within 30 days of the end of your employment, pay the following as of the end of your employment: (A) your unpaid Salary; (B) your Salary for any accrued but unused vacation; and (C) reimbursement of any business
expenses submitted in accordance with the Group’s policy (together, your “Accrued Compensation”). 

(2) The Company will pay your Earned Annual Incentive at the time such Earned Annual Incentive would otherwise have been paid
had your employment not ended; provided, however, that it will be paid all in cash. Your “Earned Annual Incentive” means any earned but unpaid Annual Incentive for the fiscal year ending immediately before the end of your
employment and, to the extent it has not been determined before the end of your employment, determined based on actual performance consistent with this Agreement and the Company annual incentive plan under which it was awarded. 

(3) The Company will pay your Accrued Annual Incentive at the time such Accrued Annual Incentive would otherwise have been paid
had your employment not ended; provided, however, that it will be paid all in cash. Your “Accrued Annual Incentive” means the Annual Incentive for the 

  
 - 5 - 

 —Steffen Parratt 

 

 
year of your termination based on the actual performance of the Company consistent with this Agreement and the Company annual incentive plan under which it was awarded and prorated for the number
of days you worked for the Company during such year. 
 (4) The Company will pay your premiums for continued health coverage
under “COBRA” during the one-year period following your termination (the “Benefits Continuation Period”); provided and to the extent that you are eligible for and timely and properly elect to receive such COBRA
coverage; provided further, that in the event you cease COBRA coverage, the Company shall not be obligated to pay you any future installments of the Health Payment (as defined below); provided further, that if the Company’s making
payments under this Section 6(c)(4) would violate the nondiscrimination rules applicable to non-grandfathered plans, or result in the imposition of penalties under the Patient Protection and Affordable Care Act of 2010
(“PPACA”) and related regulations and guidance promulgated thereunder, the parties agree to reform this provision in such manner as is necessary to comply with the PPACA. The Company shall pay you in advance an amount equal to three
times the monthly premium amount payable by you for such COBRA coverage (the “Health Payment”), no later than the first date of the month following your date of termination and on the first business day of each of the third, sixth
and ninth months thereafter. The Benefits Continuation Period shall be concurrent with and applied toward any coverage period required under COBRA. 

(5) Subject to Section 6(h)(2), your Annual Incentive Equity will continue to vest on the vesting dates specified in the
applicable award agreement (as if your employment had continued). 
 (6) You will be provided any additional benefits, and be
subject to any additional terms, stated in your Schedule. 
 (d) For Cause. If the Company terminates your employment for Cause:
(1) the Company will pay your Accrued Compensation; (2) you will forfeit your Earned Annual Incentive; (3) you will forfeit your Accrued Annual Incentive; (4) you will forfeit any unvested Performance Awards (and any unexercised
Performance Awards in the form of options and stock appreciation rights (whether vested or unvested)); and (5) you will forfeit any unvested Annual Incentive Equity. 

(e) Without Good Reason. If, during your Scheduled Term, you terminate your employment without Good Reason: (1) the Company will
pay your Accrued Compensation; (2) you will forfeit your Earned Annual Incentive; (3) you will forfeit your Accrued Annual Incentive; (4) you will forfeit any unvested Performance Awards; and (5) you will be provided any
additional benefits, and be subject to any additional terms, stated in your Schedule. 
 (f) For Your Disability or Death. If, during
your Scheduled Term, your employment terminates as a result of your death or Disability: (1) the Company will 

  
 - 6 - 

 —Steffen Parratt 

 

 
pay your Accrued Compensation; (2) the Company will pay your Earned Annual Incentive; (3) the Company will pay your Accrued Annual Incentive; (4) your Performance Awards will vest
and become immediately payable and, to the extent your Performance Awards are in the form of options or stock appreciation rights, become immediately exercisable and remain exercisable until they expire (as if your employment had continued); and
(5) your Annual Incentive Equity will vest and become immediately payable. 
 (g) Other Termination Benefits. You will be
provided any other benefits, and be subject to any additional terms, stated in your Schedule. 
 (h) Conditions. 

(1) Notwithstanding anything contained in this Agreement to the contrary, the Company will not be required to make the payments
and provide the benefits stated in this Section 6 (other than the Accrued Compensation) unless you execute and deliver to the Company the Release of Claims in the form attached hereto as Attachment A (the “Release”). For the
avoidance of doubt, the parties acknowledge that your right to elect COBRA coverage is not subject to your execution of a Release. The Release shall be provided to you no later than two days after your termination, and must be executed by you and
become effective and not be revoked by you by the 55th day following your termination (the period following your termination until the Release becomes effective being the “Release
Period”). Any payments or benefits in this Section 6 (other than the Accrued Compensation) that would have been paid or provided to you during the Release Period shall be paid or provided on the next regularly scheduled Company payroll
date following the Release Period. 
 (2) The Company will not be required to make the payments and provide the benefits
stated in Section 6(c), (e) or (g) (other than the Accrued Compensation, the Earned Annual Incentive, the Accrued Annual Incentive and the Health Payments) unless you comply with Section 8(c) until the end of the
“Non-Competition Period” and Section 8(d) until the end of the “Non-Solicitation Period,” in each case, as stated in your Schedule. If you fail to comply with Section 8(c) until the end of your Non-Competition Period or
Section 8(d) until the end of your Non-Solicitation Period, other than any isolated, insubstantial and inadvertent failure that is not in bad faith, you will: 

(A) forfeit all Performance Awards that have not vested at the time of determination (and any Performance Awards in the form of
options and stock appreciation rights that have not been exercised at the time of determination (whether vested or unvested)) and all Annual Incentive Equity that have not vested at the time of determination; and 

(B) pay to the Group the amount of all gain to you from the 

  
 - 7 - 

 —Steffen Parratt 

 

 
end of your employment through the time of determination from (A) the vesting and/or exercise of any Performance Awards, and (B) the vesting of any Annual Incentive Equity. 

(3) To determine the amount you owe under Section 6(h)(2)(B): 

(A) The value of the Company’s common stock on any date will be calculated using the average closing price of the
Company’s common stock for the 20 full trading days ending on that date. 
 (B) Gain on the exercise of Performance
Awards in the form of options or stock appreciation rights will be based on the value of the Company’s common stock on the date of exercise. 

(C) Gain on the vesting of any Performance Awards and Annual Incentive Equity will be based on the value of the Company’s
common stock on the date of vesting. 
 (4) You will pay the Group under Section 6(h)(2) within 5 days of notice by the
Company, and the date of notice will be the date of determination for purposes of this Section. You will pay the Group in cash. However, you may choose to deliver Company common stock (valued in accordance with Section 6(h)(3)) in partial or
full satisfaction of your obligation. Your obligations under Section 6(h)(2) are full recourse obligations. The Company will have the right to offset your obligations under Section 6(h)(2) against any amounts otherwise owed to you by any
member of the Group, including under this Agreement. 
 (i) End of Scheduled Term. For the avoidance of doubt, if your employment
with the Company continues after the end of your Scheduled Term, the provisions of Section 3 through this Section 6 will cease to apply and you will continue as an at-will employee of the Company. The remaining provisions of this Agreement
will continue in accordance with their terms. 
  

	7.	Proprietary Information 

 (a) Definition. “Proprietary
Information” means confidential or proprietary information, knowledge or data concerning the Group’s businesses, strategies, operations, financial affairs, organizational matters, personnel matters, budgets, business plans, marketing
plans, studies, policies, procedures, products, ideas, processes, software systems, trade secrets and technical know-how. However, Proprietary Information does not include information (1) that was or becomes generally available to you on a
non-confidential basis, if the source of this information was not reasonably known to you to be bound by a duty of confidentiality, (2) that was or becomes generally available to the public, other than as a result of a disclosure by you,
directly or indirectly, that is not authorized by the Company or (3) that you can establish was independently developed by you without reference to any Proprietary Information. 

  
 - 8 - 

 —Steffen Parratt 

 

 (b) Use and Disclosure. You will obtain or create Proprietary Information in the
course of your involvement in the Group’s activities and may already have Proprietary Information. You agree that the Proprietary Information is the exclusive property of the Group, and that, during your employment, you will use and disclose
Proprietary Information only for the Group’s benefit and in accordance with any restrictions placed on its use or disclosure by the Group. After your employment, you will not use or disclose any Proprietary Information. In addition, nothing in
this Agreement will operate to weaken or waive any rights the Group may have under statutory or common law to the protection of trade secrets, confidential business information and other confidential information. 

(c) Return of Proprietary Information. When your employment terminates, you agree to return to the Group all Proprietary Information,
including all notes, mailing lists and computer files that contain any Proprietary Information. However, notwithstanding anything to the contrary, you will be permitted to retain copies of documents relating to your personal entitlements, benefits,
obligations and tax liabilities. You agree to do anything reasonably requested by the Group in furtherance of perfecting the Group’s possession of, and title to, any Proprietary Information that was at any time in your possession. 

(d) Limitations. Nothing in this Agreement prohibits you from providing truthful testimony concerning the Group to governmental,
regulatory or self-regulatory authorities, or from disclosing Proprietary Information (1) to the extent necessary to comply with any law, subpoena or other professional or governmental order; provided, however, that you have first
provided the Group with the opportunity to defend the necessity of such disclosure, (2) in any arbitration or proceeding to the extent necessary to defend or enforce your rights under this Agreement or (3) in confidence to an attorney or
other professional for the purpose of obtaining professional advice. Also the parties (and their respective employees, representatives and agents) may disclose to any and all persons, without any limitation of any kind, the tax treatment and tax
structure of this Agreement and all materials of any kind (including opinions and other tax analysis) that are provided to either party related to such tax treatment and structure. 

 

	8.	Ongoing Restrictions on Your Activities 

 (a) General Effect. This Section 8
applies during your employment and for some time after your employment ends. This Section uses the following defined terms: 

(1) “Competitive Enterprise” means any business enterprise that either (A) engages in the business of
providing a Conflicting Product or Service or Conflicting Intellectual Property anywhere in the United States, Europe or Asia or (B) holds a 5% or greater equity, voting or profit participation interest in any enterprise that engages in such a
competitive activity. 

  
 - 9 - 

 —Steffen Parratt 

 

 (2) “Conflicting Product or Service or Conflicting Intellectual
Property” means a product, service and/or intellectual property (or related service) that is the same or similar in function or purpose to a Group product, service or intellectual property (or related service) sold, used, provided to,
performed for or employed by the Group, such that it would replace, modify or compete with: (A) a product and/or service the Group provides to, or performs for, its customers or is used, provided to or performed for Group internal purposes;
(B) intellectual property (or related service) developed, used, provided to or performed for the Group in its activities (including, but not limited to, trading strategies, models, algorithms, trading hardware and software) or as part of its IT
design or infrastructure; or (C) a product, service or intellectual property (or related service) that is under development or planning by the Group but not yet provided to or performed for customers or used, provided to or performed for
internal purposes and regarding which you were provided Proprietary Information in the course of your employment. 
 (3)
“Solicit” means any direct or indirect communication of any kind, regardless of who initiates it, that in any way invites, advises, encourages or requests any person to take or refrain from taking any action. 

(b) Your Importance to the Group and the Effect of this Section 8. You acknowledge that: 

(1) In the course of your involvement in the Group’s activities, you will have access to Proprietary Information and the
Group’s client base and will profit from the goodwill associated with the Group. On the other hand, in view of your access to Proprietary Information and your importance to the Group, if you compete with the Group for some time after your
employment, the Group will likely suffer significant harm. In return for the benefits you will receive from the Group and to induce the Company to enter into this Agreement, and in light of the potential harm you could cause the Group, you agree to
the provisions of this Section 8. The Company would not have entered into this Agreement if you did not agree to this Section 8. 

(2) This Section 8 limits your ability to earn a livelihood in a Competitive Enterprise. You acknowledge, however, that
complying with this Section 8 will not result in severe economic hardship for you or your family. 
 (c) Non-Competition. Except
as stated in your Schedule, from the date hereof until the end of your Non-Competition Period, you will not directly or indirectly: 

(1) hold a 5% or greater equity, voting or profit participation interest in a Competitive Enterprise; or 

  
 - 10 - 

 —Steffen Parratt 

 

 (2) associate (including as a director, officer, employee, partner,
consultant, agent or advisor) with a Competitive Enterprise and in connection with your association engage, or directly or indirectly manage or supervise personnel engaged, in any activity: 

(A) that is substantially related to any activity that you were engaged in, 

(B) that is substantially related to any activity for which you had direct or indirect managerial or supervisory
responsibility, or 
 (C) that calls for the application of specialized knowledge or skills substantially related to those
used by you in your activities; 
 in each case, for the Group at any time during the year before the end of your employment (or, if
earlier, the year before the date of determination). 
 (d) Non-Solicitation of Group Employees. From the date hereof until
the end of your Non-Solicitation Period, you will not attempt to Solicit anyone who is then an employee of the Group (or who was an employee of the Group within the prior six months (other than any such employees who were terminated without cause by
the Group)) to resign from the Group or to apply for or accept employment with any Competitive Enterprise. 
 (e) Notice to New
Employers; Response from Company. Before you accept employment with any other person or entity while any of Section 8(c) or (d) is in effect, you will provide the prospective employer with written notice of the provisions of this
Section 8. You will also deliver a copy of such notice to the Group before you commence such employment. The Company will respond, as soon as reasonably practicable, to any request you have regarding a determination as to whether any
contemplated action by you would constitute a breach of this Section 8. 
 (f) No Public Statements or Disparagement. You
agree that you will not make any public statement regarding your employment or the termination of your employment (for whatever reason) that are not agreed to by the Group. You agree that you will not make any public statement that would libel,
slander or disparage any member of the Group or any of their respective past or present officers, directors, employees or agents. This Section 8(f) is subject to Section 7(d). 

 

	9.	Future Cooperation 

 You agree that upon the Company’s reasonable request following
your termination of employment, you will use reasonable efforts to assist and cooperate with the Company in connection with the defense or prosecution of any claim that may be made against or by the Group arising out of events occurring during your
employment, or in connection with any ongoing or future investigation or dispute or claim of any kind involving the Group, including any proceeding before any arbitral, administrative, regulatory, self-regulatory, judicial, legislative, or other
body or 

  
 - 11 - 

 —Steffen Parratt 

 

 
agency. You will be entitled to prompt reimbursement for reasonable out-of-pocket expenses (including travel expenses) incurred in connection with providing such assistance. 

 

	10.	Key Man Insurance 

 While you are employed by the Company, the Company may at any time
effect insurance on your life and/or health in such amounts and in such form as the Company may in its sole discretion decide. Except as provided under the applicable terms of a policy or other arrangement, you will not have any interest in such
insurance, but shall, if the Company requests, submit to such medical examinations, supply such information and execute such documents as may be required in connection with, or so as to enable the Company to effect, such insurance. 

 

	11.	Sections 280G and 409A of the Code 

  

	 	(a)	Contingent Cutback. 

 (1) If the aggregate of all amounts and benefits
due to you (or your beneficiaries), under this Agreement or any other plan, program, agreement or arrangement of the Group (or any payments, benefits or entitlements by or on behalf of any person or entity that effectuates a related transaction)
(collectively, “Change in Control Benefits”), would cause you to have “parachute payments” as such term is defined in and under Section 280G of the Internal Revenue Code of 1986, as amended (the
“Code”), and would result in the imposition of excise taxes pursuant to Section 4999 of the Code (the “Parachute Tax”), the Company will reduce such payments and benefits so that the Parachute Value of all
Change in Control Benefits, in the aggregate, equals the Safe Harbor Amount minus $1,000.00, but only if, by reason of such reduction, the Net After-Tax Benefit shall exceed the Net After-Tax Benefit if such reduction were not made (the
“Required Reduction”). The determinations with respect to this Section 11(a)(1) shall be made by an independent public accounting firm (the “Auditor”) paid by the Company. The Auditor shall be a
nationally-recognized United States public accounting firm chosen, and paid for, by the Company and approved by you (which approval shall not be unreasonably withheld or delayed). Notwithstanding any provision to the contrary in this Agreement or in
any other applicable agreement or plan, any reduction in payments required under this Section 11(a)(1) shall be implemented as follows: first, by reducing any payments to be made to you under Sections 6(c)(4) and 6(c)(5);
second, by reducing any other cash payments to be made to you; third, by cancelling any outstanding equity-based compensation awards that are subject to performance vesting (“Performance-Based Equity”)
for which the performance goals have not been met as of the event giving rise to the Change in Control Benefit; and fourth, by cancelling the acceleration of vesting of (i) any of your outstanding Performance-Based Equity for
which the performance goals were met as of the event giving rise to the Change in Control Benefit, and (ii) any of your 

  
 - 12 - 

 —Steffen Parratt 

 

 
outstanding equity awards not subject to performance vesting. In the case of the reductions to be made pursuant to each of the above mentioned clauses, the payment and/or benefit amounts to be
reduced, and the acceleration of vesting to be cancelled, shall be reduced or cancelled in the inverse order of their originally scheduled dates of payment or vesting, as applicable, and shall be so reduced (x) only to the extent that the
payment and/or benefit otherwise to be paid, or the vesting of the award that otherwise would be accelerated, would be treated as a “parachute payment” within the meaning section 280G(b)(2)(A) of the Code, and (y) only to the extent
necessary to achieve the Required Reduction. 
 (2) It is possible that after the determinations and selections made pursuant
to Section 11(a)(1) you will receive Change in Control Benefits that are, in the aggregate, either more or less than the limitations provided in Section 11(a)(1) above (hereafter referred to as an “Excess Payment” or
“Underpayment”, respectively). If it is established, pursuant to a final determination of a court or an Internal Revenue Service proceeding that has been finally and conclusively resolved, that an Excess Payment has been made, then
you shall refund the Excess Payment to the Company promptly on demand, together with an additional payment in an amount equal to the product obtained by multiplying the Excess Payment times the applicable annual federal rate (as determined in and
under Section 1274 (d) of the Code), or such higher rate as is necessary to ensure that the Change in Control Benefits are less than the Safe Harbor Amount, times a fraction whose numerator is the number of days elapsed from the date of
your receipt of such Excess Payment through the date of such refund and whose denominator is 365. In the event that it is determined (x) by arbitration under Section 14 below, (y) by a court of competent jurisdiction, or (z) by
the Auditor upon request by you or the Company, that an Underpayment has occurred, the Company shall pay an amount equal to the Underpayment to you within 10 days of such determination together with an additional payment in an amount equal to the
product obtained by multiplying the Underpayment times the applicable annual federal rate (as determined in and under Section 1274(d) of the Code) times a fraction whose numerator is the number of days elapsed from the date
of the Underpayment through the date of such payment and whose denominator is 365. 
 (3) All determinations made by the
Auditor under Section 11(a)(1) shall be binding upon the Company and you and shall be made as soon as reasonably practicable following the event giving rise to the Change in Control Benefits, or such later date on which a Change in Control
Benefit has been paid or a request under clause (z) of Section 11(a)(2) has been made. 
 (4) Definitions.
The following terms shall have the following meanings for purposes of this Section 11(a). 

  
 - 13 - 

 —Steffen Parratt 

 

 (A) “Net After-Tax Benefit” means the present value
(as determined in accordance with Section 280G(d)(4) of the Code) of the Change in Control Benefits net of all taxes imposed on you with respect thereto under Sections 1 and 4999 of the Code and under applicable state and local laws, determined
by applying the highest marginal rate under Section 1 of the Code and under state and local laws which applied to your taxable income for the immediately preceding taxable year, or such other rate(s) as you certify as likely to apply to you in
the relevant tax year(s). 
 (B) “Parachute Value” of a Change in Control Benefit shall mean the
present value as of the date of the change of control for purposes of Section 280G of the Code of the portion of such Change in Control Benefit that constitutes a “parachute payment” under Section 280G(b)(2) of the Code and its
implementing regulations, as determined by the Auditor for purposes of determining whether and to what extent the Parachute Tax will apply to such Change in Control Benefit. 

(C) The “Safe Harbor Amount” means 2.99 times your “base amount,” within the meaning of
Section 280G(b)(3) of the Code and its implementing regulations. 
 (b) This Agreement is intended to comply with Section 409A of
the Code (“Section 409A”) to the extent it is subject thereto, and the Agreement shall be interpreted on a basis consistent with such intent. If and to the extent that any payment or benefit under this Agreement, or any plan, award
agreement or arrangement of the Group, constitutes “non-qualified deferred compensation” subject to Section 409A, such payments and benefits may only be made or satisfied under this Agreement upon an event and in a manner permitted by
Section 409A. Each payment of compensation under this Agreement shall be treated as a separate payment of compensation for purposes of Section 409A to the extent Section 409A is relevant to such payments. The Health Payments are
intended to qualify for the exception from deferred compensation as a medical benefit provided in accordance with the requirements of Treas. Reg. §1.409A-1(b)(9)(v)(B). 

(c) Notwithstanding anything in this Agreement to the contrary, if you are considered a “specified employee” for purposes of
Section 409A, (1) if payment of any amounts under this Agreement is required to be delayed for a period of six months after separation from service pursuant to Section 409A, payment of such amounts shall be delayed as required by
Section 409A, and the accumulated amounts and interest on such amounts (calculated based on the Applicable Federal Rate in effect on the date of termination) shall, subject to Section 6(h), be paid in a lump sum payment within fifteen days
after the end of the six-month period and (2) in the event any Annual Incentive Equity or other equity-based awards held by you that vest upon termination of your employment constitute “non-qualified deferred compensation” subject to
Section 409A, the delivery of shares or cash (as applicable) in settlement of such awards shall be made on the earliest permissible 

  
 - 14 - 

 —Steffen Parratt 

 

 
payment date (including the date that is six months after separation from service pursuant to Section 409A) or event under Section 409A on which the shares or cash would otherwise be
delivered or paid. If you die during the postponement period prior to the payment of any amounts or benefits or delivery of shares, the amounts and entitlements delayed on account of Section 409A shall be paid or provided to the personal
representative of your estate within 60 days after the date of your death. 
 (d) All payments to be made upon a termination of employment
under this Agreement may only be made upon a “separation from service” under Section 409A. In no event may you, directly or indirectly, designate the calendar year of a payment. Any payments and/or equity-based awards which constitute
“non-qualified deferred compensation” subject to Section 409A which are payable upon a Change in Control shall only be paid upon transactions or events which give rise to a “change in ownership or effective control” or a
change in the “ownership of a substantial portion of the assets” of the Company under Section 409A, and in the event such transactions or events do not give rise to a “change in ownership or effective control” or a change in
the “ownership of a substantial portion of the assets” of the Company, such amounts shall become vested and nonforfeitable but shall be distributed on the otherwise applicable distribution date or event. All reimbursements and in-kind
benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A (or an exemption therefrom), including, where applicable, the requirement that (1) any reimbursement is for expenses
incurred during your lifetime (or during a shorter period of time specified in this Agreement); (2) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for
reimbursement, or in-kind benefits to be provided, in any other calendar year; (3) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and
(4) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit. The Company may offset any of your payment obligations under Section 6(h)(2) against any “non-qualified deferred
compensation” subject to Section 409A of the Code only to the extent it would not cause such “non-qualified deferred compensation” to violate Section 409A of the Code. 

 

	12.	Effect on Other Agreements 

 (a) Entire Agreement; No Conflicts. This
Agreement is the entire agreement between you and the Company with respect to the relationship contemplated by this Agreement. In entering into this Agreement, no party has relied on or made any representation, warranty, inducement, promise or
understanding that is not in this Agreement. You represent and warrant to the Company that your performance of your duties will not conflict with or result in a violation or breach of, or constitute a default under, any contract, agreement or
understanding to which you are or were a party or of which you are aware and that there are no restrictions, covenants, agreements or limitations on your right or ability to enter into and perform the terms of this Agreement. The Company 

  
 - 15 - 

 —Steffen Parratt 

 

 
represents and warrants to you that: (1) it is fully authorized by action of any person whose action is required to enter into this Agreement and to perform the Company’s obligations
under it; (2) the execution, delivery and performance of this Agreement by the Company does not violate any applicable law, regulation, order, judgment or decree or any agreement, arrangement, plan or corporate governance document to which it
is a party or by which it is bound; and (3) upon the execution and delivery of this Agreement by the parties hereto, this Agreement shall be a valid and binding obligation of the Company, enforceable against the Company in accordance with its
terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally. 

 

	13.	Successors 

 (a) Payments on Your Death or Incapacity. If you die and any
amounts become payable under this Agreement, we will pay those amounts to your estate, designated beneficiaries or other legal representative. Upon your death or a judicial determination of your incapacity, references to you shall be deemed, where
appropriate, to be references to your beneficiaries, estate or other legal representative(s). 
 (b) Assignment by You. You
may not assign this Agreement without the Company’s consent; provided, however, that you will be entitled, to the extent permitted under applicable law, to select and change a beneficiary or beneficiaries to receive any compensation or
benefit under this Agreement following your death by giving the Company written notice thereto. Also, except as required by law, your right to receive payments or benefits under this Agreement may not be subject to execution, attachment, levy or
similar process. Any attempt to effect any of the preceding in violation of this Section 13(b), whether voluntary or involuntary, will be void. 

(c) Assumption by Any Surviving Company. Before the effectiveness of any Change in Control, the Company will cause (1) the
surviving company to unconditionally assume this Agreement in writing and (2) a copy of the assumption to be provided to you. After the Change in Control, the surviving company will be treated for all purposes as the Company under this
Agreement. 
  

	14.	Disputes 

 (a) Mandatory Arbitration. Subject to the provisions of this
Section 14, any dispute involving your employment or this Agreement will be finally settled by binding arbitration in the County of New York administered by the American Arbitration Association, the FINRA, JAMS/Endispute, or any other similar
association mutually agreed to by the Company and you. The award of the arbitrators shall be final and binding and judgment upon the award may be entered in any court having jurisdiction thereof. This procedure shall be the exclusive means of
settling any disputes that may arise under this Agreement. All fees and expenses of the arbitrators and all other expenses of the arbitration, except for 

  
 - 16 - 

 —Steffen Parratt 

 

 
attorneys’ fees and witness expenses, shall be borne by the Company if you prevail. Each party shall bear its own witness expenses and attorneys’ fees; provided that if you
prevail on any material issue (as determined by the arbitrators), the Company shall reimburse you for attorney’s fees incurred in connection with such claim. 

(b) Limitation on Damages. You and the Group agree that there will be no punitive damages payable
as a result of any dispute involving your employment or this Agreement and agree not to request punitive damages. 
 (c) Injunctions
and Enforcement of Arbitration Awards. You or the Group may bring an action or special proceeding in a state or federal court of competent jurisdiction sitting in the County of New York to enforce any arbitration award under
Section 14(a). Also, the Group may bring such an action or proceeding, in addition to its rights under Section 14(a) and whether or not an arbitration proceeding has been or is ever initiated, to temporarily, preliminarily or permanently
enforce any part of Sections 7 and 8. You agree that (1) your violating any part of Sections 7 and 8 would cause damage to the Group that cannot be measured or repaired, (2) the Group therefore is entitled to an injunction, restraining
order or other equitable relief restraining any actual or threatened violation of those Sections, (3) no bond will need to be posted for the Group to receive such an injunction, order or other relief, and (4) no proof will be required that
monetary damages for violations of those Sections would be difficult to calculate and that remedies at law would be inadequate. 

(d) Waiver of Jury Trial. To the extent permitted by law, you and the Group waive any and all
rights to a jury trial with respect to any dispute involving your employment or this Agreement. 
 (e) Governing
Law. This Agreement will be governed by and construed in accordance with the law of the State of New York applicable to contracts made and to be performed entirely within that State except as to equity-based awards under any
stockholder-approved stock plan, where the governing law provisions contained in such plans shall control. 
  

	15.	General Provisions 

 (a) Construction. References (A) to Sections
are to sections of this Agreement unless otherwise stated; (B) to any contract (including this Agreement) are to the contract as amended, modified, supplemented or replaced from time to time; (C) to any statute, rule or
regulation are to the statute, rule or regulation as amended, modified, supplemented or replaced from time to time (and, in the case of statutes, include any rules and regulations promulgated under the statute) and to any section of any
statute, rule or regulation include any successor to the section; (D) to any governmental authority include any successor to the governmental authority; (E) to any plan include any programs, practices and policies;
(F) to any entity include any corporation, limited liability company, partnership, association, business trust and similar organization and include any governmental authority; and (G) to any affiliate of any entity are to any
person or other entity directly or indirectly controlling, controlled by or under common control with the first entity. 

  
 - 17 - 

 —Steffen Parratt 

 

 (1) The various headings in this Agreement are for convenience of
reference only and in no way define, limit or describe the scope or intent of any provisions or Sections of this Agreement. 

(2) Unless the context requires otherwise, (A) words describing the singular number include the plural and vice
versa, (B) words denoting any gender include all genders and (C) the words “include”, “includes” and “including” will be deemed to be followed by the words “without
limitation.” 
 (3) It is your and the Group’s intention that this Agreement not be construed more strictly with
regard to you or the Group. 
 (b) Withholding. You and the Group will treat all payments to you under this Agreement as
compensation for services. Accordingly, the Group may withhold from any payment any taxes that are required to be withheld under any law, rule or regulation. 

(c) Severability. If any provision of this Agreement is found by any court of competent jurisdiction (or legally empowered
agency) to be illegal, invalid or unenforceable for any reason, then (1) the provision will be amended automatically to the minimum extent necessary to cure the illegality or invalidity and permit enforcement and (2) the remainder of this
Agreement will not be affected. In particular, if any provision of Section 8 is so found to violate law or be unenforceable because it applies for longer than a maximum permitted period or to greater than a maximum permitted area, it will be
automatically amended to apply for the maximum permitted period and maximum permitted area. 
 (d) Survival. The end of your
employment or of this Agreement (or breach of this Agreement by you or the Company) shall have no effect on the continuing operation of Sections 7, 8, 9, 13(a), 13(b) and 14. Accordingly, and without limitation, the restrictions of
Section 8 will apply to any termination of your employment, even if such termination occurs after the expiration of your Scheduled Term. 

(e) Notices. All notices, requests, demands and other communications under this Agreement must be in writing and will be deemed
given (1) on the business day sent, when delivered by hand or facsimile transmission (with confirmation) during normal business hours, (2) on the business day after the business day sent, if delivered by a nationally recognized overnight
courier or (3) on the third business day after the business day sent if delivered by registered or certified mail, return receipt requested, in each case to the following address or number (or to such other addresses or numbers as may be
specified by notice that conforms to this
 Section 15(e)): 
 If to you, to the address stated in your Schedule. 

  
 - 18 - 

 —Steffen Parratt 

 

 If to the Company or any other member of the Group, to: 

 

			
		 	 KCG Holdings, Inc.
 545 Washington
Boulevard
 Jersey City, New Jersey 07310
 Attention: General
Counsel
 Telephone: (201) 222-9400

	with a copy to:	 	
		 	 Sullivan & Cromwell
 125 Broad
Street
 New York, New York 10004
 Attention: Marc Trevino

Facsimile: (212) 558-3588
 Telephone:
(212) 558-4000

 (f) Consideration. You and the Company acknowledge the receipt and sufficiency of the
consideration to this Agreement and intend this Agreement to be legally binding. 
 (g) Amendments and Waivers. Any provision
of this Agreement may be amended or waived but only if the amendment or waiver is in a writing that expressly refers to the provision of this Agreement that is being amended or waived, and that is signed, in the case of an amendment, by you and the
Company or, in the case of a waiver, by the party that would have benefited from the provision waived. Except as this Agreement otherwise provides, no failure or delay by you or the Company to exercise any right or remedy under this Agreement will
operate as a waiver, and no partial exercise of any right or remedy will preclude any further exercise. In the event of any inconsistency between any provision of this Agreement and any provision of any applicable Company equity plan or award
agreement, the provisions of this Agreement will control to the extent more favorable to you. 
 (h) Third Party
Beneficiaries. Subject to Section 13, this Agreement will be binding on, inure to the benefit of and be enforceable by the parties and their respective heirs, personal representatives, successors and assigns. This Agreement does not
confer any rights, remedies, obligations or liabilities to any entity or person other than you and the Company and your and the Company’s permitted successors and assigns, although (1) this Agreement will inure to the benefit of the
Company and (2) Section 13(a) will inure to the benefit of the most recent persons named in a notice under Section 13(b). 

(i) No Other Restrictions; No Offset. There shall be no contractual, or similar, restrictions on your right to terminate your
employment with the Group, or on your post-employment activities, except as expressly set forth in this Agreement. You have no obligation to seek other employment or otherwise mitigate the Company’s obligations under this Agreement, and the
Company will not offset or reduce your entitlements under this Agreement for subsequent employment. 

  
 - 19 - 

 —Steffen Parratt 

 

 (j) Counterparts. This Agreement may be executed in one or more counterparts,
all of which shall be considered one agreement, and shall become a binding agreement when one or more counterparts have been signed by each party and delivered to the other party. Delivery of an executed counterpart by facsimile or “pdf”
shall be sufficient. 

  
 - 20 - 

			
	Very truly yours,
	
	KCG HOLDINGS, INC.
		
	By:	 	 /s/ Daniel Coleman

		 	Name: Daniel Coleman
		 	Title: Chief Executive Officer

 Agreed to and Accepted on January 2, 2015: 

 

			
	By:	 	 /s/ Steffen Parratt

		 	Steffen Paratt

 [Signature Page to Employment Agreement] 

 ATTACHMENT A 

Form of General Release of Claims 

Consistent with Section 6(h) of the employment agreement dated January 2, 2015 (the “Employment Agreement”) between me
and KCG Holdings, Inc. (“Company”), and in consideration for and as a condition of my receipt of certain payments set forth in the Employment Agreement, as applicable, I, for myself, my attorneys, heirs, executors, administrators,
successors, and assigns, do hereby fully and forever release and discharge the Company, GETCO Holding Company, LLC (“GETCO”), Knight Capital Group, Inc. (“Knight”) and their respective current and former parents and
affiliated companies, as well as its and their successors, assigns, and current and former members, managers, stockholders, directors, officers, partners, agents, employees, attorneys, and administrators, from all lawsuits, causes of action, claims,
demands and entitlements of any nature whatsoever, whether known, unknown, or unforeseen, which I have or may have against any of them arising out of or in connection with: (1) my employment with the Company, (2) my separation from
employment with the Company, (3) the Employment Agreement and/or any other agreement between me and the Company (except for obligations in such agreements that survive my separation from employment), or (4) any event, fact, transaction, or
matter occurring or existing on or before the date of my signing of this General Release; provided, however, that I am not releasing any claims for indemnification, claims arising from my ownership of equity interests in the Company, claims
for benefits and reimbursements in accordance with the terms of the Company’s benefit plans and arrangements, or claims that may not be released as a matter of law. I agree not to file or otherwise institute any claim, demand or lawsuit seeking
damages or other relief and not to otherwise assert any claims or demands that are lawfully released herein. I further hereby irrevocably and unconditionally waive any and all rights to recover any relief or damages concerning the lawsuits, claims,
demands, or actions that are lawfully released herein. I represent and warrant that I have not previously filed or joined in any such lawsuits, claims, demands, or actions against any of the persons or entities released herein and that I will
indemnify and hold them harmless from all liabilities, claims, demands, costs, expenses and/or attorneys’ fees incurred by them as a result of any such lawsuits, claims, demands, or actions. 

This General Release specifically includes, but is not limited to, all released claims (as described above) with respect to breach of
contract, employment discrimination (including any alleged violation of any federal, state or local statute or ordinance, any claims coming within the scope of Title VII of the Civil Rights Act, the Age Discrimination in Employment Act, the Older
Workers Benefit Protection Act, the Equal Pay Act, the Worker Adjustment and Retraining Notification Act, the Americans with Disabilities Act, and the Family and Medical Leave Act, all as amended, or any other applicable federal, state, or local
law), claims under the Employee Retirement Income Security Act, as amended, claims under the Fair Labor Standards Act, as amended (or any other applicable federal, state or local statute relating to payment of wages), claims concerning recruitment,
hiring, termination, salary rate, severance pay, equity, stock options, benefits due, sick leave, life insurance, libel, slander, defamation, intentional or negligent misrepresentation and/or infliction of emotional distress, together with any and
all tort or other claims which might have been asserted by me or on my behalf in any lawsuit, charge of discrimination, demand, or claim against any of the persons or entities released herein. 

 I agree and understand that I am specifically releasing all claims under the Age Discrimination
in Employment Act, as amended, 29 U.S.C. § 621 et seq., a federal statute that prohibits employers from discriminating against employees who are age 40 or over. I acknowledge that: 

(1) I have read and understand this General Release and sign it voluntarily and without coercion; 

(2) I have been given an opportunity of twenty-one (21) days to consider this General Release; 

(3) I have been encouraged by the Company to discuss fully the terms of this General Release with legal counsel of my own choosing; and 

(4) for a period of seven (7) days following my signing of this General Release, I shall have the right to revoke the waiver of claims
arising under the Age Discrimination in Employment Act. 
 If I elect to revoke this General Release within this seven-day period, I must
inform the Company by delivering a written notice of revocation to the Company, c/o the General Counsel, no later than 11:59 p.m. on the seventh calendar day after I sign this General Release. I understand that, if I elect to exercise this
revocation right, this General Release shall be voided in its entirety at the election of the Company and the Company shall be relieved of all obligations to provide the payments set forth in Section 6 of the Employment Agreement that are
subject to my executing, and not revoking, this General Release. I further understand that such payments will not begin to be provided unless and until the revocation period expires without my exercising the revocation right. I may, if I wish, elect
to sign this General Release prior to the expiration of the 21-day consideration period, and I agree that if I elect to do so, my election is made freely and voluntarily and after having an opportunity to consult counsel. 

 

	
	AGREED:
	
	  
 Steffen Parratt

	
	Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}]]