Via E-Mail May 12, 2017 21525 27th Avenue Bayside, NY 11360 Dear Peter: (May 18th, 2017)
We are pleased to offer you the position of Chief Accounting Officer with Voltari Corporation (the "Company") at a semi-monthly salary of $6,770.84 (annualized at $162,500 for a full 365-day year). Your employment is expected to begin on or around May 22, 2017 on a full-time basis. You will receive your first semi-monthly paycheck on Thursday, June 15, 2017. All of your compensation is subject to deductions as required by law.
This Revolving Note Amends and Restates That Certain Revolving Note Dated August 7, 2015 Revolving Note (March 31st, 2017)
FOR VALUE RECEIVED, Voltari Corporation (together with its successors and assigns, the "Borrower"), HEREBY UNCONDITIONALLY PROMISES TO PAY to, or to the order of, Koala Holding LP (together with its successors and assigns, the "Lender"), on the terms hereinafter set forth, the principal sum of THIRTY MILLION DOLLARS ($30,000,000.00), or such greater or lesser amount as is outstanding from time to time as set forth on Schedule 1 hereto, together with interest thereon for such periods, on such dates and at such rates as set forth in this Revolving Note (this "Note").
Via E-Mail April 29, 2016 (May 5th, 2016)