Collateral Release Agreement Sample Contracts

EXHIBIT 10.19
Collateral Release Agreement • April 16th, 2002 • Mai Systems Corp • Services-computer integrated systems design • California
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COLLATERAL RELEASE AGREEMENT
Collateral Release Agreement • November 7th, 2011 • Lightyear Network Solutions, Inc. • Telephone communications (no radiotelephone) • Kentucky

THIS COLLATERAL RELEASE AGREEMENT (this “Agreement”) is made and entered into as of the 4th day of November, 2011, by and among (i) LY HOLDINGS, LLC, a Kentucky limited liability company (“Pledgor”), (ii) LIGHTYEAR NETWORK SOLUTIONS, INC., a Nevada corporation (“Debtor”), and (iii) FIRST SAVINGS BANK, F.S.B. (hereinafter referred to as “Creditor”).

COLLATERAL RELEASE AGREEMENT
Collateral Release Agreement • January 25th, 2011 • Lightyear Network Solutions, Inc. • Telephone communications (no radiotelephone) • Kentucky

THIS COLLATERAL RELEASE AGREEMENT (this “Agreement”) is made and entered into as of the 21st day of January, 2011, by and among (i) LY HOLDINGS, LLC, a Kentucky limited liability company (“LYH”), (ii) LIGHTYEAR NETWORK SOLUTIONS, LLC, a Kentucky limited liability company (“Lightyear”), (iii) LIGHTYEAR NETWORK SOLUTIONS, INC., a Nevada corporation (“LNS”), (iv) CHRIS T. SULLIVAN, individually (“Sullivan”), (v) CTS EQUITIES, LIMITED PARTNERSHIP, a Nevada limited partnership (“CTS”), and (vi) RIGDON O. DEES, III, individually, (“Dees,” together with Lightyear, LNS, Sullivan and CTS, the “Releasing Parties”).

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