Document:

EX-10.1

 Exhibit 10.1 

ENERGY TRANSFER EQUITY, L.P. 

CLASS D UNIT AGREEMENT 

This CLASS D UNIT AGREEMENT (the “Agreement”), is entered into as of December 23, 2013, by and between Energy
Transfer Equity, L.P., a Delaware limited partnership (the “Partnership”), and Jamie Welch (the “Partner”). Capitalized terms used but not defined herein are used as defined in the Third Amended and Restated
Agreement of Limited Partnership of the Partnership, dated February 8, 2006 (as amended, the “Partnership Agreement”). 

RECITALS 
 WHEREAS,
the Partnership desires to issue to the Partner 770,000 Class D Units in connection with the Partner joining the Partnership as Group Financial Officer and Head of Corporate Development; 

WHEREAS, the Partnership has adopted Amendment No. 4 to the Partnership Agreement (“Amendment No. 4”)
authorizing the creation and issuance of Class D Units; and 
 WHEREAS, the Partnership Agreement, as amended by Amendment
No. 4, provides that the Partnership and a holder of Class D Units may enter into an agreement setting forth certain conditions or requirements affecting the rights that a holder of Class D Units will have with respect to his Class D Units,
including his right to distributions, the conversion of his Class D Units into Common Units, and such other rights, restrictions or limitations with respect to his ownership of Class D Units. 

NOW, THEREFORE, the Partnership and the Partner, each intending to be legally bound hereby, agree as follows: 

AGREEMENTS 

Section 1 Definitions. The following terms, when used in this Agreement, shall have the meanings ascribed to them: 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more
intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management
and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
 “Board” means the
Board of Directors of the General Partner. 
 “Cause” shall have the meaning ascribed to it in Section 5(a)(iii). 

 “Change of Control” means, and shall be deemed to have occurred upon, one or
more of the following events: 
 (i) any “person” or “group” within the meaning of those terms as
used in Sections 13(d) and 14(d)(2) of the Exchange Act, other than an Affiliate, shall become the beneficial owner, by way of merger, consolidation, recapitalization, reorganization or otherwise, of fifty percent (50%) or more of the voting
power of the voting securities of the general partner of the Partnership or the Partnership; 
 (ii) the General Partner, or
an Affiliate of the General Partner, ceases to be the general partner of the Partnership; or 
 (iii) the sale or other
disposition, including by liquidation or dissolution, of all or substantially all of the assets of the Partnership in one or more transactions to any Person other than an Affiliate. 

“Committee” means the Board, the Compensation Committee of the Board or such other committee as may be appointed by the
Board. 
 “Disability” shall have the meaning ascribed to it in Section 5(b)(i). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Final Letter Agreement” means the letter agreement between the Partnership and the Partner accepted by the Partner on the
date hereof and to which this Agreement is attached. 
 “General Partner” means LE GP, LLC, a Delaware limited liability
company and general partner of the Partnership. 
 “Good Reason” shall have the meaning ascribed to it in
Section 5(b)(ii). 
 “Original Offer Letter” means the letter agreement between the Partnership and the Partner dated
as of April 29, 2013, as modified by the Final Letter Agreement. 
 “Person” means an individual or a corporation,
limited liability company, partnership, joint venture, trust, unincorporated organization, association, governmental agency or political subdivision thereof or other entity. 

Section 2 Effect of this Agreement; Construction. The entire text of the Partnership Agreement, as amended by Amendment
No. 4, is expressly incorporated herein by this reference and so forms a part of this Agreement. This Agreement is subject in all respects to the terms and conditions of the Partnership Agreement, as the same may be amended from time to time in
accordance with its terms; provided, however, that no such amendment shall deprive the Partner, without such Partner’s consent, of any rights provided to the Partner hereunder. 

  
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 Section 3 Issuance of Class D Units. Subject to the terms and conditions of this
Agreement and the Partnership Agreement (except as provided in Section 2 hereof), the Partner is hereby issued 770,000 Class D Units. 

Section 4 Right to a Catch-Up Distribution. Pursuant to Section 5.14(b)(ii)(B) (Catch-Up Distribution) of the Partnership
Agreement, the Partner shall be entitled to a catch-up distribution with respect to each Class D Unit issued to the Partner equal to $1.9725 per unit, totaling $1,518,825.00 in the aggregate. Such distribution shall be made to the Partner within one
(1) Business Day of the date hereof. 
 Section 5 Requirement of Good Standing. Pursuant to Section 5.14(b)(ii)(C)
(Requirement of Good Standing) and Section 5.14(b)(iii) (Conversion) of the Partnership Agreement, the holder of Class D Units may be required to be in Good Standing by agreement between the Partnership and the holder of the Class D Units and
that such requirement will affect the holder’s right to distributions with respect to its Class D Units and the conversion of his Class D Units into Common Units. The parties agree that the following sets forth the conditions that must be
satisfied for purposes of Sections 5.14(b)(ii)(C) and 5.14(b)(iii) of the Partnership Agreement in order for the Partner, as holder of Class D Units, to meet the requirement of Good Standing. 

(a) The Partner, as a holder of Class D Units, shall meet the requirement of Good Standing with respect to his Class D Units
unless any of the following events occur: 
 (i) Retirement. Except as provided in (b) below, termination of the
Partner’s employment with the Partnership or its subsidiary or Affiliate by reason of retirement will result in a loss of the Partner’s Good Standing status. 

(ii) Leaves of Absence. The Committee shall determine whether any voluntary leave of absence taken by the Partner
constitutes a termination of employment and the impact of such leave of absence on the Partner’s Good Standing status. 

(iii) Termination with Cause or Voluntarily. Termination of the Partner’s employment for Cause by the Partnership
or voluntarily (without Good Reason) will result in a loss of the Partner’s Good Standing status. For these purposes, “Cause” shall mean termination because of the Partner’s (i) conviction (treating a nolo contendere
plea as a conviction) of a felony (whether or not any right to appeal has been or may be exercised), (ii) willful refusal without proper cause to perform his duties (other than any such refusal resulting from incapacity due to physical or
mental impairment), (iii) misappropriation, embezzlement or reckless or willful destruction of employer’s property, (iv) knowing breach of any statutory or common law duty of loyalty to the employer, (v) improper conduct
materially prejudicial to the business of the employer, or (vi) material breach by the Partner of the provisions of the Original Letter Agreement regarding confidential information. With respect to termination by the Partnership for Cause
pursuant to subsections (ii) or (vi) above, the Partnership shall give written 

  
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notice to the Partner specifying in detail the conduct that allegedly constitutes grounds to terminate for Cause and shall provide the Partner thirty (30) days after receipt of such notice
to cure such grounds, if curable. For the avoidance of doubt, termination for Cause under subsections (i), (iii), (iv) or (v) cannot be cured by the Partner and no such notice to cure shall be delivered. 

(b) The following events shall not result in a loss of the Partner’s Good Standing: 

(i) Death, or Permanent Disability. The Partner’s death, or termination of employment by reason of Disability,
shall not result in the loss of the Partner’s Good Standing. Instead, in the event of such death, or Disability, the requirement of Good Standing shall cease to exist and any remaining Class D Units shall convert into Common Units upon the
occurrence of such event, subject to the restrictions set forth in Sections 5.14(b)(i)(C)(2) and 5.14(b)(iii) of the Partnership Agreement. For these purposes, the Partner shall be deemed to have a “Disability” in the event of the
Partner’s absence for a period of one hundred eighty (180) consecutive business days as a result of incapacity due to a physical or mental condition, illness or injury that is determined to be total and permanent by a physician mutually
acceptable to the Partnership and the Partner or the Partner’s legal representative (such acceptance not to be unreasonably withheld) after such physician has completed an examination of the Partner. The Partner agrees to make himself available
for such examination upon the reasonable request of the Partnership, and the Partnership shall be responsible for the cost of such examination. 

(ii) Termination without Cause or for Good Reason. Termination of the Partner’s employment by the Partnership (or
any Affiliate or agent of the Partnership) without Cause or termination of the Partner’s employment by the Partner for Good Reason shall not result in a loss of the Partner’s Good Standing. Instead, in the event of such a termination of
employment, the requirement of Good Standing shall cease to exist and any remaining Class D Units shall convert into Common Units upon the occurrence of such event, subject to the restrictions set forth in Sections 5.14(b)(i)(C)(2) and 5.14(b)(iii)
of the Partnership Agreement. For these purposes, “Good Reason” shall mean termination by the Partner due to (i) a material diminution in the Partner’s duties, responsibilities, authority, title, reporting line, or
compensation, or (ii) material breach by the Partnership of the Final Letter Agreement. With respect to termination by the Partner for Good Reason pursuant to this section, the Partner shall give written notice to the Partnership specifying in
detail the conduct or item that allegedly constitutes grounds to resign for Good Reason and shall provide the Partnership thirty (30) days after receipt of such notice to determine if Good Reason exists and/or to cure such asserted Good Reason.

  
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 (iii) Change of Control. At the time of consummation of a Change of
Control, the requirement of Good Standing shall cease to exist and any remaining Class D Units shall convert into Common Units upon the occurrence of such event, subject to the restrictions set forth in Sections 5.14(b)(i)(C)(2) and 5.14(b)(iii) of
the Partnership Agreement. 
 Section 6 Conversion. Subject to the requirement of Good Standing set forth above and the
provisions in the Partnership Agreement regarding allocations upon conversion, including Sections 5.14(b)(i)(C)(2) and 5.14(b)(iii) of the Partnership Agreement, the Class D Units of the Partner shall convert into Common Units as follows: 

(a) Thirty percent (30%) of his Class D Units shall convert into Common Units on March 31, 2015; 

(b) Seventy percent (70%) of his Class D Units shall convert into Common Units on March 31, 2018 (together with
March 31, 2015, a “Class D Unit Conversion Date”); and 
 (c) One hundred percent (100%) of his
Class D Units shall convert into Common Units upon the occurrence of any of the events described in Section 5(b)(i), (ii) or (iii) of this Agreement (an “Accelerated Class D Unit Conversion Date”). 

Section 7 Restrictions on Transferability. No Class D Unit may be transferred, sold, assigned, pledged or otherwise alienated
without the written consent of the General Partner; provided that the Partner may assign, for estate or financial planning purposes, some or all of his Class D Units to or for the benefit of members of his family with any such assignment
subject to (i) prior written notice to the General Partner of the intent to make such transfer and (ii) any such assignee entering into an agreement providing for restrictions on transferability of any Class D Units to be assigned in the
same manner as provided in this Section 7, with such agreement in form and substance reasonably satisfactory to the General Partner. 

Section 8 Intended Tax Treatment. The Partnership and the Partner each agree that, for all U.S. federal, state and local income
tax purposes, they will treat the Partner as a partner of the Partnership upon the Partner’s receipt of his Class D Units and that the Class D Units will constitute a profits interest in the Partnership on the date of issuance that is not
taxable to the Partner upon receipt. The parties agree that they will not take any position inconsistent with the foregoing on any federal, state, or local tax return, except as required by a change in law after the date hereof, or in connection
with any examination, audit, or other proceeding with respect to taxes, unless agreed to in writing by the parties. Notwithstanding the foregoing, the parties acknowledge and agree that the terms of the Class D Units, as set forth in Amendment
No. 4, provide for a protective allocation of items of expense to the Partner in order to properly maintain the economic uniformity of the common units of the Partnership to the extent that a taxing authority concludes that the Partnership was
entitled to a deduction in connection with the issuance of the Class D Units. 
 Section 9 Successors and Assignability. This
Agreement shall be binding upon, and inure to the benefit of, the Partnership and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the
Partnership’s assets and business. 

  
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 Section 10 Amendment. This Agreement shall not be amended or modified except by an
instrument in writing executed by both parties hereto. 
 Section 11 Captions. The captions at the beginning of each of the
numbered Sections herein are for reference purposes only and will have no legal force or effect. Such captions will not be considered a part of this Agreement for purposes of interpreting, construing or applying this Agreement and will not define,
limit, extend, explain or describe the scope or extent of this Agreement or any of its terms and conditions. 
 Section 12 Governing
Law. THE VALIDITY, CONSTRUCTION, INTERPRETATION AND EFFECT OF THIS INSTRUMENT SHALL BE GOVERNED EXCLUSIVELY BY, AND DETERMINED IN ACCORDANCE WITH, THE LAW OF THE STATE OF TEXAS (WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PRINCIPLES THEREOF),
EXCEPT TO THE EXTENT PRE-EMPTED BY FEDERAL LAW, WHICH SHALL GOVERN. THE PARTNERSHIP AND THE PARTICIPANT IRREVOCABLY CONSENT AND AGREE THAT JURISDICTION FOR ANY DISPUTE UNDER THIS AGREEMENT SHALL BE ESTABLISHED IN THE STATE AND FEDERAL COURTS
SITUATED IN DALLAS COUNTY TEXAS. 
 Section 13 Notices. Communications shall be addressed and directed to the parties, as
follows, or to such other address or recipient for a party as may be hereafter notified by such party hereunder: 
  

	 	(a)	if to the Partnership: Energy Transfer Equity, L.P., 3738 Oak Lawn Ave., Dallas, Texas 75219, Attn: General Counsel. Notices to the Partnership shall be deemed to have been duly given or made upon actual receipt by the
Partnership. 

  

	 	(b)	if to the Partner: to the address for the Partner as it appears on the Partnership’s records, with a copy to Wayne N. Outten, Esq, Outten & Golden LP, 3 Park Avenue, New York, NY 10016. 

Section 14 Severability. If any provision hereof is found by a court of competent jurisdiction to be prohibited or unenforceable,
it shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability, and such prohibition or unenforceability shall not invalidate the balance of such provision to the extent it is not prohibited or
unenforceable, nor invalidate the other provisions hereof. 
 Section 15 Entire Agreement. This Agreement constitutes the entire
understanding and supersedes any and all other agreements, oral or written, between the parties hereto, in respect of the subject matter of this Agreement and embodies the entire understanding of the parties with respect to the subject matter
hereof. 
 [Remainder of page intentionally left blank; signature pages to follow] 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set
forth above. 
  

			
	Energy Transfer Equity, L.P.
		
	By:	 	LE GP, LLC, its general partner
		
	By:	 	 /s/ Kelcy Warren

		 	Kelcy Warren
		 	Chairman of the Board
	
	 /s/ Jamie Welch

	Jamie Welch

 [Signature Page to Class D Unit Agreement]EX-10.1

 Exhibit 10.1 

Release Agreement 

AGREEMENT entered into as of this 18th day of December, 2013 (the “Agreement”) by and between Voltari Corporation, a Delaware
corporation with its principal place of business at 601 W. 26th Street Suite 415, New York, NY 10001 (the “Company”), and Richard Stalzer (“Employee”). 

RECITAL 

WHEREAS, Employee and Company executed that certain Offer Letter dated January 12, 2012, subsequently amended on May 17, 2012
and November 12, 2012 which sets forth the terms and conditions of the Employee’s employment with the Company (as amended, the “Offer Letter”); 

WHEREAS, Employee and Company have mutually agreed to terminate Employee’s employment, effective as of December 18, 2013 (the
“Termination Date”); and 
 WHEREAS, the Company desires that Employee agrees to release and waive any and all
claims against the Company as set forth below pursuant to terms and conditions hereof. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained it is hereby agreed as follows: 

1. Termination. Employee’s termination of employment shall be effective as of the Termination Date. Attached as Exhibit A is
Employee’s executed resignation letter resigning from all positions as an officer and director of the Company or any of its affiliates. Effective as of the Termination Date, Employee shall cease to be an employee of the Company. Employee’s
eligibility for any Company benefits shall cease as of the Termination Date. 
 (a) In consideration for the releases set forth herein and
subject to Employee not revoking this Agreement, the severance terms of the Offer Letter and subject to Employee continuing to meet his obligations under this Agreement, the Company has agreed to pay Employee or, in the event of his death, his heirs
or successors, a payment totaling $43,126.66 in two equal amounts, less all applicable state and federal deductions (the “Severance Amount”). Payments of the Severance Amount shall begin on the Company’s first normal payroll
date in January, 2014, subject to the Company’s receipt of an executed original of this Agreement. 
 (b) The Company acknowledges and
agrees that (i) it shall pay Employee any expenses that it has not reimbursed to date and are owed to Employee as of the date hereof, subject to Employee’s submitting appropriate documentation and such documented expenses are eligible for
reimbursement under the Company’s policies and procedures; (ii) it shall pay Employee accrued and unpaid vacation or paid time off in the amount of $50,756, less all applicable state and federal deductions, in accordance with Company
policy and 

 
applicable law; and (iii) in accordance with the terms of the Stock Option Agreement between Employee and the Company, dated October 15, 2012, Employee is vested in the right to
purchase 2,875 shares of the Company’s common stock. Except as provided herein, all other unvested equity awards shall be forfeited and cancelled as of the Termination Date, Employee’s rights and obligations under any vested and
outstanding equity award agreements shall be determined in accordance with the governing award agreement and applicable equity incentive plan. 
 2.
Health Insurance Continuation. Employee and his beneficiaries, if applicable, will receive under separate cover notice of Employee’s rights under the Consolidated Omnibus Reconciliation Act (“COBRA”) upon Employee’s
separation from the Company. If Employee elects to continue health care coverage under COBRA, he is responsible for paying the premiums. 
 3. Transfer
of Responsibilities. Employee shall cooperate fully with the Company and its personnel to provide an orderly transfer of his duties and responsibilities. This cooperation includes but is not limited to timely compliance with all reasonable
requests for information, including, but not limited to, the transition of any work and any leads, prospects or contacts to the Company’s Board of Directors (the “Board”). 

4. Confidentiality of this Agreement. Except as disclosed by the Company or Employee in connection with legally required filings with the U.S.
Securities and Exchange Commission, Employee agrees to keep confidential and not to disclose the existence, circumstances related to, or terms of this Agreement to anyone or to any organization, except that Employee may disclose such information to
his spouse, attorney, and legal and financial advisers, provided Employee has received in advance their promises to maintain this information in strict confidence or as otherwise required by law. Nothing in this Agreement will prevent Employee from
cooperating with or participating in any investigation by the government of the U.S., including any investigations by the federal Equal Employment Opportunity Commission (the “EEOC”) or the New York Division of Human Rights.
Employee hereby confirms that as of the date of signing this Agreement, he has not disclosed the existence, terms or conditions of this Agreement, except as provided for herein. 

5. Nondisclosure and Intellectual Property Protection Agreement. Employee acknowledges the validity and continuing applicability of the agreements and
covenants contained in the Offer Letter and that certain Nondisclosure and Intellectual Property Protection Agreement dated April, 2004, a copy of which is attached hereto as Exhibit B concerning the ownership, non-use and return of
confidential information to the Company. Those agreements and covenants are incorporated herein by reference and continue to have full force and effect following the Termination Date. 

6. Return of Company Property. Employee acknowledges and agrees that he will return to the Company all property of the Company that is in his
possession, whether at his home, office, in his personal automobile or other vehicle, or otherwise under his control, directly or indirectly, including, without limitation, Company keys, cell phones, computers, audio-visual equipment,
telecommunication equipment or any other equipment paid for or provided by the Company and any and all files, documents and other information with respect to the Company’s management, 

 
business operations or customers, including all files, documents, or other information containing confidential information within three (3) business days of the Termination Date. Employee
agrees to immediately transfer ownership and title to any sporting event tickets (except as otherwise provided below) or other entertainment tickets that the Company paid for and that may currently be held or reserved in Employee’s name,
whether jointly or severally with any other party or entity; and to transfer to the Company legal title to any property, automobiles, planes, whether owned or leased or the right to use any planes, corporate memberships that is held in
Employee’s name and was or is paid for by the Company. Employee shall within three (3) business days of execution of this Agreement, provide the Company with a complete accounting of property, benefits or perquisites of whatever kind or
nature provided to Employee at the Company’s expense. 
 7. Non-Disparagement. Employee hereby agrees to refrain from making any derogatory,
disparaging or false statements with respect to the Company or any of its shareholders, controlling persons, officers, directors, executives, advisors, customers, or other related or affiliated parties or any other Company Released Parties (as
defined below). Employee agrees that Employee will not communicate or disclose to any third party or use for his own account, without the written consent of the Company, any of the Company’s confidential and proprietary information, trade
secrets or materials, except as required by law, unless and until such information or material becomes generally available to the public through sources other than Employee. 

8. Breach of Agreement. To the extent permitted by law, Employee understands and agrees that any breach of Employee’s obligations under this
Agreement will immediately render the Company’s obligations and agreements null and void, and, to the extent permitted by law, Employee shall repay to the Company the Severance Amount. In addition, Employee shall be liable to the Company for
all damages arising from such breach, including but limited to the attorney’s fees and costs incurred by the Company in connection with such breach. 

9. General Release. Employee, for himself and his heirs, legal representatives, beneficiaries, assigns and successors in interest, knowingly and
voluntarily release, remise and forever discharge the Company and its successors, assigns, former or current affiliates, officers, shareholders, controlling persons, directors, members of the Board, employees, agents, attorneys and representatives
(“Company Released Parties”) whether in their individual or official capacities, from any and all actions or causes of action, suits, debts, claims, complaints, contracts, including, without limitation, the Offer Letter,
controversies, agreements, promises, damages, claims for attorneys’ fees, costs, interest, punitive damages or reinstatement, judgments and demands whatsoever, in law or equity, Employee now has, may have or ever had, whether known or unknown,
suspected or unsuspected, from the beginning of the world to the date that Employee signs this Agreement (“Released Claims”), including, without limitation: 
  

	 	(a)	 claims under any state or federal discrimination, fair employment practices or other employment-related statute, or regulation (as they may have been
amended through the date of this Agreement) prohibiting discrimination or harassment based upon any protected status including, without limitation, race, color, religion, national origin, age, gender, marital status, disability, handicap, veteran
status or 

	 	
sexual orientation. Without limitation, specifically included in this paragraph are any claims arising under the Federal Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, as
amended by the Civil Rights Act of 1991, the Equal Pay Act, the Lilly Ledbetter Fair Pay Act, the Americans With Disabilities Act, the Rehabilitation Act of 1973, and any similar New York City local or other New York state statute;

  

	 	(b)	claims under any other state or federal employment-related statute, or regulation (as they may have been amended through the date of this Agreement) relating to wages, hours or any other terms and conditions of
employment. Without limitation, specifically included in this paragraph are any claims arising under the Fair Labor Standards Act, the Family and Medical Leave Act of 1993, the National Labor Relations Act, the Employee Retirement Income Security
Act of 1974, except as otherwise provided herein, the Consolidated Omnibus Budget Reconciliation Act of 1985, the Occupational Safety and Health Act, the Health Insurance Portability and Accountability Act of 1996, the Employee Retirement Income
Security Act of 1974, the Sarbanes Oxley Act of 2002 and any similar New York City or other New York state statute; 

  

	 	(c)	claims under any state or federal common law theory, including, without limitation, wrongful discharge, breach of express or implied contract, promissory estoppel, unjust enrichment, breach of a covenant of good faith
and fair dealing, violation of public policy, defamation, interference with contractual relations, intentional or negligent infliction of emotional distress, invasion of privacy, misrepresentation, deceit, fraud or negligence; and 

 

	 	(d)	any other claim arising under state or federal law. 

 Notwithstanding the above, nothing in this release is
intended to release or waive (i) Employee’s right to seek enforcement of this Agreement or any other rights of indemnification, contribution, subrogation, advancement and/or reimbursement of expenses or similar rights to the extent they
are provided for in the Company’s Restated Certificate of Incorporation, bylaws, (ii) Employee’s rights as they exist pursuant to any director and officer insurance policies or any other insurance policies whether in effect before the
date of this Agreement, on the date of this Agreement or after the date of the Agreement, or (iii) Employee’s rights under any separate vested equity award agreement. 

Employee recognizes that Employee may have some claim, demand or cause of action against the Company Released Parties of which he is totally unaware and
unsuspecting that Employee is giving up by execution of this release. Employee acknowledges that it is his intention in executing this release that this release will deprive Employee of each such claim, demand and cause of action and prevent
Employee from asserting it against the Company Released Parties. 
 Employment represents and warrants that no portion of any claim, demand, cause of
action, or other matter released herein, nor any portion of any recovery or settlement to which Employee might be entitled from the Company Released Parties, has been assigned or transferred to any other person or entity, either directly or by way
of subrogation or operation of law. Employee 

 
hereby agrees to indemnify, defend and hold the Company Released Parties harmless from any and all losses, costs, claims, and expenses (including, but not limited to, all expenses of
investigation and defense of any such claim or action, including reasonable attorneys’ and accountants’ fees, costs, and expenses) arising out of any claim made or action instituted against the Company Released Parties by any person or
entity that is the beneficiary of such assignment or transfer and to pay and satisfy any judgment resulting from any settlement in favor of the beneficiary of any such claim or action. 

Employee further represents and warrants that he has not filed or participated in the filing of any complaint, grievance, charge or claim with or before any
local, state or federal agency or board, union or any court or other tribunal relating to the Company or Employee’s employment with, or the termination of Employee’s employment at, the Company and its affiliates. Nothing contained herein
is intended to nor shall prohibit Employee from (i) filing a charge or complaint with the EEOC; or (ii) participating in any investigation or proceeding conducted by the EEOC. In the event that Employee files a charge with the EEOC,
Employee waives and releases any personal entitlement to reinstatement, back pay or any other types of damages or injunctive relief in connection with any actions taken by Employee or on Employee’s behalf on Employee’s administrative
charge. NOTWITHSTANDING THIS PROVISION, EMPLOYEE UNDERSTANDS AND AGREES THAT BY ENTERING INTO THIS AGREEMENT, EMPLOYEE IS FOREVER RELEASING AND WAIVING ANY AND ALL CLAIMS AGAINST THE COMPANY, INCLUDING BUT NOT LIMITED TO CLAIMS FOR AGE
DISCRIMINATION, AS SET FORTH IN THIS SECTION, PROVIDED, HOWEVER, THAT THE RELEASE PROVIDED FOR HEREIN SHALL NOT EXTEND TO ANY CLAIMS UNDER THIS AGREEMENT OR THOSE SPECIFICALLY EXCLUDED FROM THE RELEASE. 

Employee hereby acknowledges and understands that this is a General Release. 

10. Covenant Not to Sue. To the extent permitted by law, Employee specifically agrees not to commence any legal action against any of the Company
Released Parties arising out of or in connection with the Released Claims. To the extent permitted by law, Employee expressly agrees that if Employee commences such an action in violation of this Agreement, Employee shall indemnify the Company
Released Parties for the full and complete costs of defending such an action and enforcing this Agreement, including reasonable attorneys’ fees (whether incurred in a third party action or in an action to enforce this Agreement), court costs,
and other related expenses. Employee further agrees that, to the extent permitted by law, if Employee commences such an action despite the provisions of this Agreement, Employee shall be obligated to return to the Company the Severance Amount. This
Agreement does not act as a waiver or release of any complaints or charges that Employee cannot by law waive or release, and does not prohibit Employee from: (i) filing a charge or complaint with the EEOC, or any other state or federal agency,
or (ii) participating in any investigation or proceeding conducted by the EEOC or New York Division of Human Rights. Notwithstanding, by executing this Agreement, Employee is expressly waiving Employee’s ability to obtain relief of any
kind from the Company to the extent permitted by law. 

 11. Governing Law and Venue. This Agreement and any disputes or claims arising hereunder shall be
construed in accordance with, governed by and enforced under the laws of the State of Delaware without regard for any rules of conflicts of law. Any action at law, suit in equity or judicial proceeding arising directly, indirectly or otherwise in
connection with, out of, related to, or from this Agreement, or any provision hereof, shall be litigated only in the state courts of the State of Delaware and the parties each hereby waive the right to a trial by jury of any claim, demand, action or
causes of action under this Agreement. Employee and the Company consent to the jurisdiction of such courts over the subject matter of this Agreement. Employee waives any right Employee might have to transfer or change the venue of any litigation
brought against Employee by the Company. In no event shall any dispute arising out of, or in connection with, this Agreement be submitted to arbitration or mediation. 

12. Voluntary Assent. Employee hereby confirms that no other promises or agreements of any kind have been made by any person to cause Employee to sign
this Agreement except as otherwise as noted herein, and that Employee fully understands the meaning and intent of this Agreement. Employee agrees that this is the entire agreement and understanding between Employee and the Company. 

13. Notices and Communications. Any and all notices or other communications required or permitted to be given in connection with this Agreement shall
be in writing (or in the form of a facsimile or electronic transmission) addressed as provided below and shall be (i) delivered by hand, (ii) transmitted by facsimile or electronic mail with receipt confirmed, (iii) delivered by
overnight courier service with confirmed receipt, or (iv) mailed by first class U.S. mail, postage prepaid and registered or certified, return receipt requested: 

If to the Company to: 
 Voltari
Corporation 
 601 W. 26th Street Suite 

415 New York, NY 10001 

Attention: General Counsel 
 With
a copy to Company Counsel: 
 James L. Hauser, Esq. 

Brown Rudnick LLP 
 One Financial
Center 
 Boston, MA 02111 

Facsimile: 617.856-8201 
 Email:
jhauser@brownrudnick.com 
 If to the Employee: 

Richard Stalzer 
 415 Greenwich
Street 
 New York, New York 10013 

 Any notice or other communication given in accordance with this Agreement shall be deemed delivered and effective
upon receipt, except those notices and other communications sent by mail, which shall be deemed delivered and effective three (3) business days following deposit with the United States Postal Service. All periods of notice shall be measured
from the date of delivery thereof. 
 14. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with regard to
the subject matter hereof, superseding all prior understandings and agreements, whether written or oral; provided, however, that any separate equity award agreements between Employee and the Company shall remain in full force and effect in
accordance with the terms and conditions therein. 
 15. Remedies. Any breach or threatened breach by Employee of the provisions of this Agreement
will result in irreparable and continuing damage to the Company for which there is no adequate remedy at law. In such event, Employee agrees and acknowledges that the Company will be entitled to injunctive relief and/or specific performance, and
such other relief that may be proper (including monetary damages, if proper) without the posting of any bond and that Employee shall not oppose the granting of such relief. 

16. Authority. The Company represents that this Agreement has been presented to, considered and authorized by the Board (and/or any appropriate
committee(s) thereof), and that the Company officer executing this Agreement on behalf of the Company has the authority to enter into this Agreement and bind the Company to the terms and conditions hereof. Any action or consent of the Company
required hereunder may be authorized only by a written resolution, or action at a meeting, of the Board properly taken in accordance with the Company’s Restated Certificate of Incorporation and bylaw 

IN WITNESS WHEREOF, the Company and Employee have executed and delivered this Release Agreement as of the date first written above. 

 

			
	VOLTARI CORPORATION
		
	By:	 	 /s/ Steven Stulbaum

	Name:	 	Steven Stulbaum
	Title:	 	Vice President, Human Resources
	
	EMPLOYEE
	
	 /s/ Richard Stalzer

	Richard Stalzer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}]]