Document:

Separation Agreement, between Elizabeth Smith and Avon Products, Inc.

 Exhibit 10.1 
 [Avon Products, Inc. letterhead] 
 Personal & Confidential 
 September 16, 2009 
 Ms. Elizabeth A. Smith 
 [home address] 
 Dear Liz: 
 This letter describes the terms and conditions of your active employment with Avon Products, Inc. (the “Avon” or the “Company”) and
confirms the arrangements relating to your transition from the Company. It supersedes your offer letter dated November 1, 2004 and its amendment dated November 7, 2008 (together, the “Original Agreement”). 
 1. Separation Date. On October 30, 2009, you will relinquish your position as President of the Company and you will leave employment of the
Company on that date (the “Separation Date”) to pursue other interests and leadership opportunities. At that time, you will receive a payment for any earned, but unused, vacation benefits through the Separation Date. The remaining
provisions of this letter, including the benefits provided to you under Paragraphs 2 through 9 below, are conditioned upon your complying with the terms of this letter. 
 If you voluntarily terminate employment prior to the Separation Date or are terminated by Avon for “Cause” before the Separation Date, this letter will become null and void and the terms of your offer
letter, as amended, will govern. For purposes of this letter agreement, a termination for “Cause” shall have the meaning of the Original Agreement. Any other type of termination of employment (e.g., disability, termination
not for “Cause”, etc.) will not void the terms of this letter. After the Separation Date, you will remain on Avon’s payroll, as set forth and subject to the conditions below, through the expiration of the Continuation Period (as
defined below). 
 2. Separation Payments. Because you will be a “specified employee” on your Separation Date, your salary
continuation payments are subject to certain limitations 

 
under Internal Revenue Code Section 409A (hereinafter called “409A”). To comply with 409A, you will receive: (a) in May 2010, a lump sum
payment equal to six months of your base salary, less any and all required taxes and other withholdings; and (b) beginning on the first payroll period which begins on or after May 1, 2010 and continuing until the final payroll period which
ends immediately on or before October 29, 2011 (the “Payment Period”), salary continuation payments equal to 18 months of your base salary, payable in equal bi-weekly installments, less any and all required taxes and other
withholdings. The period from your Separation Date through October 29, 2011 is your Continuation Period. The aggregate amount of such lump sum amount and such salary continuation payments will be equivalent to two year’s base salary which
for these purposes is $1,500,000. 
 You will not accrue any vacation days during the Continuation Period (defined as beginning on the day
after the Separation Date and continuing through the expiration of the Payment Period) or thereafter. 
 3. Tax-Qualified Retirement
Plans. 
 You will not be entitled to continue to participate in the Avon Personal Savings Account Plan (the “PSA”) after the
Separation Date. You may elect to receive your PSA benefits at any time after your Separation Date. 
 You are 100% vested in your Avon
Products, Inc. Personal Retirement Account Plan (“PRA”) benefit. You will be considered a terminated participant for purposes of the PRA at the end of the Continuation Period. You may elect the time and form of the PRA benefit payment at
the end of the Continuation Period. 
 4. Restoration Plan. You are 100% vested in your Benefit Restoration Pension Plan of Avon
Products, Inc. (the “Restoration Plan”) benefit. You will be considered a terminated participant on your Separation Date for purposes of the Restoration Plan and your benefit will be calculated in accordance with the terms of the
Restoration Plan. Benefits under the Restoration Plan are normally payable during the month following the month of the participant’s Separation Date. However, because you will be a “specified employee” on your Separation Date, your
Restoration Plan payment will be delayed until May 2010. You have already elected the form of the Restoration Plan payment. 
 5. EIP
Annual Incentive Program Awards. You will be eligible for a 2009 Annual Incentive Program award under the Avon Products, Inc. 2008-2012 Executive Incentive Plan (the “2009 EIP Annual Award”). The 2009 EIP Annual Award, if any, will be
based on actual performance and will be prorated for your period of service through October 30, 2009. Any such 2009 EIP Annual Award will be paid to you 

  

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in 2010 at the same time the 2009 EIP Annual Award is payable to all participants. You will not be permitted to defer the 2009 EIP Annual Award into the Avon
Products, Inc. Deferred Compensation Plan (the “DCP”). You will not be eligible for a 2010 or 2011 EIP Annual Award. 
 6. EIP
Long-Term Incentive Program Awards. You will be eligible for a 2008-2010 EIP Long-Term Incentive Program award under the Avon Products, Inc. 2008-2012 Executive Incentive Plan (“2008-2010 EIP Long-Term Incentive Award”). The 2008-2010
EIP Long-Term Incentive Award, if any, will be based upon actual performance and will be prorated for your period of service through October 30, 2009. Any such 2008-2010 EIP Long-Term Incentive Award will be paid to you in 2011 at the same time
the 2008-2010 EIP Long-Term Incentive Award is payable to all participants. You will not be permitted to defer the 2008-2010 EIP Long-Term Incentive Award into the DCP. 
 You will not be eligible to participate in any other future performance plans established on or after the date of this letter under the Avon Products, Inc. 2008-2012 Executive Incentive Plan or under any other plan
and you hereby waive any such right that you may have to participate in any other future performance plans established on or after the date of this letter. 
 7. Participation in Deferred Compensation Plan. As a participant in DCP, distributions under the DCP will be made in accordance with the terms of the DCP. After the Separation Date, you will no longer be
eligible to defer any compensation into the DCP and you waive any right to participate therein. 
 8. Stock Options and Restricted Stock
Units. 
 Prior to your scheduled Separation Date, your outstanding stock options and outstanding restricted stock units will continue to
vest according to the terms of the applicable stock option agreement(s) and restricted stock unit agreement(s), respectively, and all other aspects of your stock options and restricted stock units will continue to be governed by the applicable stock
option agreement(s) and restricted stock unit agreement(s), respectively. 
 Your performance-based restricted stock units granted in 2007
will be vested on a pro-rata basis as of your Separation Date and will be payable, if at all, in March 2010, assuming the performance goals have been achieved. 
 During your Continuation Period, your stock options will continue to vest in accordance with the stock option agreements. In accordance with your stock option agreements, you will have 90 days after the end of the
Continuation Period to exercise your vested options before they expire. 
  

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 Notwithstanding the preceding paragraph, in exchange for an extended non-solicitation/no-hire and
non-competition period (collectively, the “Non-Competition Period” as defined in Paragraph 11(f)) through April 30, 2012, on the last day of the Continuation Period (October 29, 2011), 195,745 stock options (approximately 88% of your
2009 stock option grant) will be vested. You will have 90 days after the end of the Continuation Period to exercise your vested options before they expire. 
 9. Welfare Benefits and Perquisites. 
 (a) Your participation in the Short-Term and Long-Term
Disability plans and the Flexible Spending Accounts will cease following your last day of active employment (except that you may continue to participate for the remainder of the calendar year in the Health Care Flexible Spending Account in
accordance with the federal law known as COBRA and assuming you satisfy the requirements of COBRA). You will receive separate paperwork required to elect COBRA continuation coverage for the Health Care Flexible Spending Account. 
 (b) Provided that you are a participant in such plans as of the Separation Date, you will be eligible to: (i) continue to participate in the
Supplemental Life Plan of Avon Products, Inc. and Avon’s group life insurance program through the end of the Continuation Period; (ii) participate in the Company’s Medical Plan on an after-tax basis, subject to the limitations in the
final sentence of this paragraph, at the contribution levels previously selected through the end of the Continuation Period; (iii) receive your transportation allowance through January 29, 2010, (iv) receive your personal auto
insurance coverage through January 29, 2010; (v) receive an Executive Health Plan exam no later than December 31, 2009, assuming you have not received your exam by your Separation Date; (vi) receive financial planning and tax
preparation services through December 31, 2011; and (vii) receive twelve months of outplacement services, with an additional twelve months available in one month extensions; provided that (x) to the extent that any such benefit is
provided via reimbursement to you, no such reimbursement will be made by the Company later than the end of the year following the year in which the underlying expense is incurred, (y) any such benefit provided by the Company in any year will
not be affected by the amount of any such benefit provided by the Company in any other year except for any maximum lifetime benefit under the Medical Plan, and (z) under no circumstances will you be permitted to liquidate or exchange any such
benefit for cash or any other benefit. Any payment or reimbursement to you for the benefits set forth in this Paragraph shall not be made before May 2010. 
  

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 In the event that, during the Continuation Period, you should become employed by another employer and are
provided with medical and/or dental insurance coverage, you may either drop your Avon coverage or continue your coverage under both plans. Under the second alternative, your coverage will be coordinated between the two plans, with your new
employer’s plan serving as the primary payer. Employment with another company, however, will not cause any change in your continued entitlement to salary continuation and continued life insurance coverage. In the event that your health
insurance coverage ceases during the Continuation Period due to a “qualifying event,” or due to the expiration of the Continuation Period, you will then be entitled to elect continued coverage under COBRA at your own expense, assuming you
satisfy the requirements of COBRA. 
 The American Recovery and Reinvestment Act of 2009 (“ARRA”) provides a 65% COBRA premium
subsidy for up to nine months for Avon employees who are involuntarily terminated between September 1, 2008 and December 31, 2009 and who lose health coverage from Avon during that period, and who meet certain other conditions set forth in
ARRA and related IRS guidance. At Avon, COBRA generally begins after the end of the Continuation Period because, during the Continuation Period, employees may continue to receive Avon-subsidized health coverage. If the Continuation Period ends
before January 1, 2010, you may be eligible to receive this subsidy. At the time your COBRA paperwork is sent to you, you will receive information about this subsidy. 
 (d) Any continued participation in Avon’s employee benefit plans (including the plans listed in this Paragraph 9) will be in accordance with the
provisions of the relevant plan documents, including any amendments to those plans that may be enacted from time to time, and any applicable elections that you may have on file with Avon. Nothing in this letter is intended to limit Avon’s right
to amend, modify or terminate any or all of its employee benefit plans and programs. 
 10. E-mail and Voicemail. Your e-mail and
voicemail will be discontinued as of the Separation Date. 
 11. Your Obligations to Avon. In consideration of and as a condition to
your receiving the benefits being provided to you hereunder, you agree to the following provisions. 
 (a) Effectiveness of Our Agreement
and Your Continued Service Obligation. You will not be entitled to receive the benefits set forth in this letter unless you have signed and delivered to me this letter which includes a general release and this document has become effective (the
“Effective Date”). 
  

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 (b) Non-Disclosure of Information. You will not knowingly use or disclose, directly or through
persons interposed, without Avon’s written consent (which may only be provided by the Chief Executive Officer of Avon), as and from this date, and at any time, any secret, confidential, or proprietary information or knowledge relating to Avon
or any of its affiliated companies, and their respective businesses, agents, and independent sales representatives, that you obtained during or as a result of your employment at Avon, such as, but not limited to, financial information and
projections, marketing information and plans, product formulations and production methods, intellectual property and trade secrets, data, know-how or knowledge relating to customers, independent sales representatives, sales, market development
programs, plans or employees, and other types of information not generally available to the public. 
 (c) Non-Disparagement. You will
not knowingly take any action or make any statement, whether written or oral, whether in public or private, that disparages or defames the goodwill or reputation of Avon, its associated companies, or their directors, officers, and employees.

 (d) Confidentiality of Our Agreement. You will not disclose the terms and conditions of this letter to anyone, except as required
by law or to your immediate family, financial and tax advisors, and legal counsel after securing their similar commitment of strict confidentiality, provided that you may share with a prospective employer the provisions of paragraphs
(b) through (i) in order to promote compliance therewith. 
 (e) No-Hire and Non-Solicitation. You will not, without
Avon’s prior written consent (which may only be provided by the Chief Executive Officer of Avon), effective immediately and continuing for the duration of the Non-Competition Period (defined in Paragraph 11(f) below), directly or indirectly,
hire or solicit for hire, or aid in such solicitation of, whether as an employee or an independent contractor, any employee of Avon or an affiliated company, including any solicitation of an employee to leave his or her Avon employment to work for
any other employer. 
 (f) Non-Competition. Notwithstanding anything else in this agreement, you will not during the Non-Competition
Period (defined herein), without Avon’s prior written consent (which may only be provided by the Chief Executive Officer of Avon), effective immediately and continuing through the end of the Non-Competition Period, directly or indirectly,
accept employment with, act as a consultant or independent contractor to, or otherwise provide services to any direct selling business or any cosmetics business (collectively, “Restricted Businesses”). Restricted Businesses include,
without limitation, Amway Corporation / Alticor Inc., O Boticário, Ebel International / Belcorp Corporation, De Millus, S.A., Faberlic, Forever Living Products, LLC USA, Herbalife Ltd., Hermès, Lady Racine / LR-International Cosmetic
and 

  

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Marketing GmbH, Mary Kay Cosmetics, Inc., Natura Cosmetics S.A., Mistine / Better Way (Thailand) Co. Ltd., Neways International, Newcup International, NuSkin
Enterprises, Inc., Oriflame Cosmetics S.A., Revlon, Inc., The Body Shop International PLC, Shaklee Corporation, Tupperware Corporation, the Unilever Group (N.V. and PLC), L’Oréal Group / Cosmair, Inc., The Estée Lauder Companies
Inc., The Procter & Gamble Company, Reckitt Benckiser PLC, Gryphon Development / Limited Brands, Inc., Victory Corporation PLC (Virgin Vie, The Virgin Cosmetics Company, Virgin Ware), Vorwerk & Co. KG / Jafra Worldwide Holdings
(Lux) S.àR.L., Inc., Yanbal International (Yanbal, Unique), or any of their affiliates. As set forth more fully in Paragraph 16 below, no geographic limitation on this restriction is appropriate, and such a limitation would be counter to the
protections that Avon is seeking to obtain by agreeing to provide you with the benefits set forth in this letter. For purposes of this agreement, the Non-Competition Period begins on the Separation Date and continues through April 30, 2012.

 (g) Cooperation. By signing this letter you are agreeing that you may be reasonably be requested from time to time by Avon:
(i) to advise and consult on matters within or related to your expertise and knowledge in connection with the business of Avon, (ii) to make yourself available to Avon to respond to requests for information concerning matters involving
facts or events relating to Avon, and (iii) to assist with pending and future litigation, investigations, arbitrations, and/or other dispute resolution matters. If you provide such consultation during the Continuation Period, Avon will only
reimburse you for reasonable related out-of-pocket expenses. If you provide such consultation after the Continuation Period ends, you shall be paid at your current salary rate for time expended by you at Avon’s request on such matters, and
shall also receive reimbursement for reasonable out-of-pocket expenses incurred in connection with such assistance. You understand that, with respect to any consultation services provided by you under this paragraph, you will not be credited with
any compensation, service or age credit for purposes of eligibility, vesting, or benefit accrual under any employee benefit plan of Avon, unless such employee benefit plan specifically provides for such credit. Avon will make its best efforts to
structure any request for your advice and assistance hereunder so as not to interfere with your future employment or board service. 
 (h)
Forfeiture of Benefits. By signing this letter, you acknowledge that you understand that violations of any of the covenants contained in this letter are material and that any violations may result in a forfeiture, at Avon’s sole
discretion, of your benefits and payments under this letter (including salary continuation, whether or not already paid), but do not relieve you of your continuing obligations under this letter. 
 (i) Equitable Relief. You agree that Avon’s remedies at law for any breach by you of the preceding covenants will be inadequate and that Avon
will also have the right to obtain immediate injunctive relief so as to prevent any continued breach 

  

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of any of these covenants, in addition to any other available legal remedies. It is understood that any remedy available at law or in equity shall be
available to Avon should the preceding covenants be breached. 
 12. Return of Company Property. On your last day of active
employment, you agree to promptly deliver to Avon, and not keep in your possession, duplicate, or deliver to any other person or entity, any and all property which belongs to Avon or any of its affiliated companies, including, without limitation,
automobiles, computer hardware and software, palm pilots, pagers, cell phones, other electronic equipment, keys, credit cards, identification cards, records, data, and other documents and information, including any and all copies of the foregoing.
Notwithstanding the above, Avon will make its best efforts to allow you to retain your Blackberry device and the telephone number currently assigned thereto. 
 13. Non-Disparagement. Avon will take reasonable steps to cause its officers to refrain from disparaging your reputation. 
 14. Entire Agreement; Amendments. You acknowledge that the only consideration for your execution of this letter is expressly stated in this document. All other promises or agreements of any kind that have been
made by or between the parties or by any other person or entity whatsoever are superseded by this letter including your offer letter agreement dated November 1, 2004 and its amendment dated November 7, 2008 . You agree that this letter may
not be changed orally or by email, but only by a mutually signed, written agreement. Notwithstanding the foregoing or any other provision of this letter, this letter will not supersede, or otherwise derogate from, any restrictive covenant or other
obligation that you may have under any equity award granted to you by Avon or in any Avon benefit plan in which you participate (for example, obligations with respect to competition and confidentiality assumed by you in connection with your stock
option awards). 
 15. Internal Revenue Code Section 409A. In the event that amendments to this letter are necessary in order to
comply with current or future guidance or interpretations under 409A, including amendments necessary to ensure that your compensation will not be subject to 409A, you and the Company will discuss and seek to agree to such amendments, on a
prospective and/or retroactive basis, as may be necessary or desirable to comply with 409A. 
 16. Severability; Judicial
Modification. You agree that the provisions of this letter agreement are severable. If a provision or any part of a provision is held to be invalid under any law or ruling, the remaining parts of the provision will remain valid and in force to
the extent allowed by law. All of the remaining provisions of this letter agreement will remain in full force and effect and be enforceable. If any restriction 

  

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contained in this letter agreement is held to be excessively broad as to duration, activity, or scope, then that restriction will be construed or judicially
modified so as to be limited or reduced to the extent required to be enforceable under applicable law. 
 17. Voluntary Nature of Your
Agreement; Right to Consult with Counsel. You are not required to accept and agree to this letter. Any election to do so by you is completely voluntary. By signing this letter, you warrant and represent that you have read this entire letter
agreement, that you have had an opportunity to consult fully with an attorney, and that you fully understand the meaning and intent of this letter agreement. Further, you knowingly and voluntarily, of your own free will, without any duress, being
fully informed, and after due deliberation, accept its terms and sign below as your own free act. You understand that as a result of executing this letter agreement, you will not have the right to assert that Avon or any other Avon Released Party
(as defined in Paragraph 23 below) unlawfully terminated your employment or violated any of your rights in connection with your employment. 
 18. Governing Law; Jurisdiction. You agree that this letter will be governed by and construed in accordance with the laws of the State of New York, without regard to its conflict of laws principles. Any action at law or in equity for
the enforcement of this letter, by either party, other than an action by the Company to enforce the restrictions contained in Paragraph 11 above, shall be instituted only in state or federal court having proper jurisdiction located within the State
of New York, County of New York. An action by the Company to enforce the restrictions contained in Paragraph 11 above may be brought within any court in the State of New York, County of New York, or in any other court having proper jurisdiction.

 19. No Waiver. No waiver by either of the parties hereto of a breach of or a default under any of the provisions of this letter
shall thereafter be construed as a waiver of any subsequent breach or default of a similar nature. The failure of either of the parties, on one or more occasions, to enforce any of the provisions of this letter or to exercise any right or privilege
hereunder shall not be construed as a waiver of any such provisions, rights, or privileges hereunder, or a waiver of any subsequent breach or default of a similar nature. 
 20. Death. In the event of your death after the date of this letter agreement, the remaining unpaid payments will continue to be paid to your spouse or other beneficiary, as designated in writing to us, as if
you had not died. Your benefits will be governed by the relevant benefit plans in which participate. 
 21. Counterparts. This letter
may be executed in two or more counterparts, each of which shall be an original and all of which shall be deemed to constitute one and the same instrument. 
  

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 22. Successors. 
 (a) This letter agreement is personal to you, and without written prior consent of Avon, shall not be assignable by you otherwise than by will or the laws of descent and distribution. This letter agreement shall inure
to the benefit of and be enforceable by your legal representatives. 
 (b) This letter agreement shall inure to the benefit of and be binding
upon Avon and its successors. Avon shall require any successor to all or substantially all of its business and/or assets, whether direct or indirect, by purchase, merger, consolidation, acquisition of stock, or otherwise, by an agreement in form and
substance satisfactory to you, expressly to assume in writing and agree to perform this letter agreement in the same manner and to the same extent as Avon would be required to perform if no such succession had taken place. 
 23. General Release. In consideration of the benefits being provided to you under this letter agreement, you agree, on behalf of yourself and your
heirs, executors, administrators, and assigns, to forever release, dismiss, and discharge (except as provided by the terms and conditions of this Agreement) Avon and its affiliated companies and their respective current and former officers,
directors, associates, employees, agents, employee benefit plans, employee benefit plan fiduciaries, employee benefit plan trustees, shareholders, and assigns, each and all of them in every capacity, personal and representative (collectively
referred to as the “Avon Released Parties”), from any and all actions, causes of action, claims, demands, judgments, charges, contracts, obligations, debts, and liabilities of whatever nature (“Claims”), that you and your heirs,
executors, administrators, and assigns have or may hereafter have against the Avon Released Parties or any of them arising out of or by reason of any cause, matter, or thing whatsoever from the beginning of the world to the date hereof, including,
without limitation, Claims arising from your employment relationship with Avon and the termination of such relationship, and all Claims arising under any federal, state, or local statute, rule, or regulation, or principle of contract law or common
law, any breach of contract, wrongful discharge, tort, breach of common-law duty, breach of fiduciary duty and violation of laws prohibiting any form of employment discrimination or other unlawful employment practice, including without limitation:
the Worker Adjustment and Retraining Notification Act of 1988, as amended, 29 U.S.C. §§ 2101 et seq.; Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. §§ 2000e et seq.; the Age
Discrimination in Employment Act of 1967, as amended, 29 U.S.C. §§ 621 et seq. (the “ADEA”); the Americans with Disabilities Act of 1990, as amended, 42 U.S.C. §§ 12101 et seq.; the
Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. §§ 1001 et seq.; the Family and Medical Leave Act of 1993, as amended, 29 U.S.C. §§ 2601 et seq.; the Genetic Information
Nondiscrimination Act of 2008, as amended, 42 U.S.C. §§ 2000ff et seq.; the National Labor Relations Act of 1935, as amended, 29 

  

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U.S.C. §§ 151 et seq.; the New York Human Rights Law, as amended; N.Y. Exec. Law §§ 290 et seq.; the New
York City Human Rights Law, as amended, N.Y.C. Admin. Code §§ 8-101 et seq.; the New York State Worker Adjustment and Retraining Notification Act, as amended, N.Y. Labor Law §§ 860 et seq.; and
any other federal, state, or local statute, rule, or regulation; provided that (a) you do not release or discharge the Avon Released Parties (i) from any Claims arising after the date on which you execute this letter agreement, and
(ii) from any claims for a breach by Avon of its obligations under this letter agreement; and (b) you retain any rights to indemnification under Avon’s by-laws or any indemnification agreement currently in effect for the benefit of
Avon officers, or rights under any Avon insurance providing liability coverage to officers. It is understood that nothing in this letter agreement is to be construed as an admission on behalf of the Avon Released Parties of any wrongdoing with
respect to you, any such wrongdoing being expressly denied. It is further understood that nothing in this general release shall preclude or prevent you from challenging the validity of this general release solely with respect to your waiver of any
Claims arising under the ADEA on or before the date on which you execute this Agreement. 
 It is also understood that this general release
does not release the Avon employee benefit plans from any claims for vested benefits that you have under the terms of any of Avon’s employee benefit plans applicable to you. You represent and warrant that you have not filed any complaint,
charge, claim, or proceeding against any of the Avon Released Parties before any federal, state, or local agency, court, or other body relating to your employment and the cessation thereof. You further agree that, if you or any other person files an
action, complaint, charge, claim, or proceeding against any of the Avon Released Parties, you will not seek or accept any monetary relief in such action, complaint, charge, claim, or proceeding. 
 *    *    *    *    *    * 
 You understand that the present offer is made without prejudice and is conditional upon its unqualified acceptance and the execution and delivery by you
of this letter agreement, which includes a confidentiality agreement regarding confidential information obtained while you were in the employ of Avon. 
 If you do not sign this letter and return it to Avon within 21 days of the date on which you receive this letter, then this offer will automatically be considered withdrawn and void and you will not be entitled to any
benefits hereunder. If you sign and return this letter and the attached general release within this 21-day time period, then you will have seven days immediately thereafter to revoke your decision by delivering written notice of revocation to the
Chief Executive Officer of Avon. If you do not revoke your decision during that seven-day period, then this letter will become binding and effective on the eighth day. 
  

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 Your signature below signifies your voluntary acceptance of the terms of this letter and your election to
receive benefits hereunder. Please sign and date both copies of this letter which includes a general release, returning one copy to Avon and retaining the other copy for your records. If you elect not to accept this offer, please notify me, in
writing, as soon as practicable of your decision. 
 We thank you for your contributions to Avon, and wish you success with your future
endeavors. 
  

			
	Sincerely,
	
	Avon Products, Inc.
		
	By:	 	 /s/ Lucien Alziari

		 	Lucien Alziari
		 	Senior Vice President, Global Human Resources

  

	Cc:	Kim Rucker, Senior Vice President, General Counsel & Corporate Secretary 

  

							
	Accepted and agreed to:	 	
				
	 /s/ Elizabeth A. Smith
	 		 	Date:	 	 9/16/09

	Elizabeth A. Smith	 		 		 	

  

 12Employment Agreement between Flotek Industries, Inc. and Scott Stanton

 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT (this “Agreement”) is made effective as of September 1, 2009 (“Effective Date”), between Flotek Industries, Inc., a Delaware corporation (the “Company”), and Scott
Stanton (“Employee”). 
 In consideration of the mutual covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Employment. The Company shall
employ and continue to employ Employee, and Employee shall be employed and continue to be employed with the Company, upon the terms and conditions set forth in this Agreement for the period beginning on the date hereof and ending on the Termination
Date, as defined in Section 4 hereof (the “Employment Period”). 
 2. Position and Duties. 
 (a) Employee shall initially serve as a Chief Accounting Officer of the Company and shall be responsible for such duties as are normally performed by a
Chief Accounting Officer in companies similarly situated with the Company, and such other duties, consistent with the duties customarily performed by a Chief Accounting Officer or other officer responsible for accounting and related administrative
functions as may be reasonably prescribed by the Board of Directors of the Company or the President, or Chief Executive Officer or Chief Financial Officer of the Company. 
 (b) Employee shall devote his reasonable best efforts and his full business time and attention (except for permitted vacation periods, periods of illness or other incapacity) to the business and affairs of the
Company. 
 3. Base Salary and Benefits. 
 (a) Employee’s annual base salary for the Employment Period shall be $225,000 (the “Base Salary”). The Base Salary shall be payable in approximately equal installments in accordance with the
Company’s general payroll practices and shall be subject to required withholding. Any change in Base Salary shall be in the sole discretion of the Board of Directors of the Company. During the Employment Period, Employee shall be entitled to
participate in all of the Company’s employee benefit programs for which employees of the Company are generally eligible, at a level commensurate with Employee’s position in the Company. The Company currently has a compensation deferral
policy pursuant to which 15% of the compensation of the Employee is deferred. The Employee will continue to be subject to such policy so long as such policy is in place. The amounts of compensation deferred pursuant to such policy is referred to
herein as the “Deferral.” 
 (b) Employee shall be entitled to participate in the Management Incentive Plan of the Company, with a
“Target Bonus” established from time to time by the Compensation Committee of the Board of Directors of the Company, with a “Target Bonus” for purposes of such plan of 30% of Base Salary for years 2009 and 2010 (a “Target
Bonus”). 

 (c) The Company shall reimburse Employee for all reasonable expenses incurred by him in the course of
performing his duties under this Agreement which are consistent with the Company’s policies in effect from time to time for its employees with respect to travel, entertainment and other business expenses, subject to the Company’s
requirements for its employees with respect to reporting and documentation of such expenses pursuant to applicable Treasury Regulations. 
 (d) In addition to the Base Salary, Employee will be eligible to receive raises, bonuses and incentive compensation to the extent approved from time to time by the Board of Directors of the Company, in its discretion. 
 (e) Employee shall be eligible for vacations as permitted under Company’s policies in effect from time to time, with a minimum of four weeks
vacation during each year in the Employment Period. 
 4. Term and Termination. 
 (a) The Employment Period shall continue until terminated upon the earlier of (i) Employee’s resignation with or without Good Reason or
Employee’s death or Disability or (ii) the termination of the Employment Period by the Company with or without Cause. The date on which Employee’s employment with the Company terminates is referred to herein as the “Termination
Date.” 
 (b) Employee’s employment with the Company will be “at will,” meaning that either Employee or the
Company may terminate Employee’s employment at any time and for any reason, with or without Cause or Good Reason. Any contrary representations that may have been made to Employee are superseded by this Agreement. However, depending on the
reason for such termination, Employee may be eligible for a severance package on the terms and conditions set forth below. 
 (c) Except as
provided in this Section 4(c), any restricted stock and stock options held by Employee under the 2007 Long Term Incentive Plan of the Company will be governed by the terms of the 2007 LTIP and other governing documents as of the Effective Date.
Notwithstanding the above, in the event the Employment Period terminates on account of the death of Employee, the Company shall cause all restricted stock and stock options in effect on the Effective Date to vest and be exercisable. 
 5. Severance. In no way limiting the Company’s policy of employment at will: 
 (a) If Employee’s employment with the Company is terminated by the Company without Cause or by Employee with Good Reason, and provided that all of
the following have occurred within 60 days following the termination of Employee’s employment with the Company: (i) Employee first signs and delivers to the Company a Confidential Severance and Release Agreement in 

  

 2 

 
substantially the same form as that attached hereto as Exhibit B (the “Release Agreement”), (ii) any revocation right of the Employee under
such Release Agreement shall have expired, and (iii) such Release Agreement shall have become effective, Employee shall be entitled to receive: (i) his Base Salary, payable in accordance with the Company’s general payroll practices
subject to required withholding, for the Severance Period (as hereinafter defined), (ii) coverage at Company expense under the employee health insurance plan of the Company for the Severance Period, or, if less, the maximum time period
permitted under COBRA, and (iii) the payment of the remaining Deferral in full within 10 days of the delivery of the Release Agreement. For purposes hereof, the term “Severance Period” shall mean the 12 month period beginning on the
Termination Date, unless the “Trading Price” is less than 175% of the “Exercise Price” as of the Termination Date, in which case the “Severance Period” shall be the 18 month period beginning on the Termination Date. For
purposes of the immediately preceding sentence: (i) the term “Trading Price” shall mean the average for the twenty business days that precede the Termination Date of the daily closing trading prices of the common stock of the Company
on the exchange on which such common stock is then traded, or if there is no such exchange, as reported on the over the counter market, and (ii) “Exercise Price” shall have the meaning given said term in that certain Stock Option
Agreement between the Employee and the Company dated April 27, 2009 (the “Stock Option Agreement”). Notwithstanding the foregoing, however, the “Severance Period” shall be 12 months, and not 18 months, if after all of the
options provided for pursuant to the Stock Option Agreement and all of the shares issued pursuant to that certain Restricted Stock Agreement dated April 27, 2009 between the Employee and the Company (the “Restricted Stock Agreement”)
have become vested pursuant to the terms thereof any of the following occur: (i) the Employee disposes of any of the shares acquired as a result of the exercise of any of the options provided for in Stock Option Agreement for a price in excess
of 175% of the price at which such shares were acquired pursuant to the exercise of such options, (ii) the Employee disposes of any of the shares acquired pursuant to the Restricted Stock Agreement for a price in excess of 175% of the Exercise
Price as of the date of such disposition, or (ii) if the average daily closing trading prices of the common stock of the Company on the exchange on which such common stock is then traded, or if there is no such exchange, as reported on the over
the counter market, during any period of twenty consecutive business days exceeds 175% of the Exercise Price. 
 (b) Notwithstanding anything
to the contrary herein contained, Company shall not be required to pay any amounts under this Section 5 or elsewhere in this Agreement if Employee is in breach of any of its obligations under this Agreement or any other Agreement with the
Company, including without limitation, any obligation relating to the treatment of Company confidential information and any non-compete obligation. 
 (c) If Employee’s employment with the Company is terminated for Cause or death or Disability, or Employee resigns without Good Reason, Employee shall be entitled to receive only: (i) Employee’s Base Salary earned and payable
through the Termination Date; (ii) any accrued but unused vacation/time off to the extent required under applicable law; (iii) reimbursement for all incurred but unreimbursed expenses to the extent Employee is entitled to be reimbursed;
and (iv) any other earned but unpaid compensation, if applicable, as of the Termination Date. 
  

 3 

 (d) For purposes of this Agreement, the following terms shall have the meanings set forth below:

 “Cause” shall mean (i) Employee’s continued failure to substantially perform one or more of
Employee’s essential duties and obligations to the Company (other than any such failure resulting from a Disability) which, to the extent such failure is remediable, Employee fails to remedy in a reasonable period of time (not to exceed 30
days) after receipt of written notice from the Company; (ii) Employee’s refusal or failure to comply with the reasonable and legal directives of the Board of Directors after written notice from the Board describing Employee’s failure
to comply and, if such failure is remediable, Employee’s failure to remedy same within 10 days of receiving written notice; (iii) any act of personal dishonesty, fraud or misrepresentation taken by Employee which was intended to result in
substantial gain or personal enrichment of the Employee at the expense of the Company; (iv) Employee’s violation of a federal or state law or regulation applicable to the Company’s business which violation was or is reasonably likely
to be materially injurious to the Company; (v) Employee’s conviction of, or plea of nolo contendere or guilty to, a felony under the laws of the United States or any State that is reasonably likely to reasonably likely to be materially
injurious to the Company; (vi) Employee’s abuse of drugs, other narcotics or alcohol during working hours or where such abuse (whenever occurring) impacts on Employee’s working day, (vii) Employee’s breach of any of his
material obligations under any written agreement with the Company (including without limitation this Agreement and any proprietary information and inventions assignment agreement with the Company); or (viii) Employee’s violation of a
material policy of the Company which, to the extent such failure is remediable, Employee fails to remedy in a reasonable period of time (not to exceed 30 days) after receipt of written notice from the Company. 
 “Disability” shall have the meaning assigned to such term in Section 22(e)(3) of the Internal Revenue Code of 1986, as
amended (the “Code”). 
 “Good Reason” shall exist upon the occurrence of one of the following Company
actions (unless Employee consents in writing to such action(s)): (i) a material reduction of the Employee’s salary and employee benefits to which the Employee was entitled immediately prior to such reduction, (ii) a material reduction
in the duties, authority or responsibilities relative to the Employee’s duties, authority or responsibilities as in effect immediately prior to such reduction, provided, however, that if the Company assigns to the Employee duties for another
senior executive position with the Company shall not constitute Good Reason; (iii) the relocation of the Employee to a facility or a location more than thirty five (35) miles from the Employee’s then present location, or (iv) a
change in the membership of the Audit Committee of the Board of Directors of the Company so that more than half of the members of such committee are not individuals who are members of such committee as of the date of this Agreement; provided,
however, that (A) Employee must provide the Company with written notice of the occurrence of any such action(s) within 60 days of the initial occurrence of such action(s) and of his or her intent to terminate employment based on such action(s)
and (B) the Company will have 30 days from the date that such written notice is provided by Employee to cure such action(s). 
  

 4 

 (e) Notwithstanding anything herein to the contrary, (i) if at the time of Employee’s
termination of employment with the Company, Employee is a “specified employee” within the meaning of Section 409A of the Code, and the deferral of the commencement of any payments or benefits (or portions thereof) otherwise payable
hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company will defer the payment of any such payments or benefits (or portions
thereof) hereunder (without any reduction in such payments or benefits ultimately paid or provided to Employee) until the date that is six months following Employee’s termination of employment with the Company (or the earliest date as is
permitted under Section 409A of the Code) to the extent and amount necessary to comply with Section 409A of the Code, with such delayed payments to be made in lump sum on the first day of the seventh month following the end of such six
month period, and (ii) if any other payments of money or other benefits due to Employee hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be
deferred if deferral will make such payment or other benefits compliant under Section 409A of the Code, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner, determined by the Board, that does
not cause such an accelerated or additional tax. The Company shall consult with Employee in good faith regarding the application of this Section 5(e). Notwithstanding any other provision in the Agreement, the Company and Employee will cooperate
in good faith to amend or modify the Agreement so that the payments under this Agreement qualify for exemption from or comply with Code Section 409A; provided, however, that the Company makes no representations that the payments under the
Agreement shall be exempt from or comply with Code Section 409A and makes no undertaking to preclude Code Section 409A from applying to payments under the Agreement. For purposes of this Section 5, a termination of employment only
occurs if it constitutes a “separation from service” under Section 409A of the Code and the regulations promulgated thereunder. With respect to the payments indentified in Section 5(a)(i)-(iii), each payment, including each
separate installment payment identified thereunder, will be considered the right to a series of separate payments. 
 6. Confidential
Information. 
 (a) Company Information. The Company agrees, in consideration for Employee’s agreement to the various terms
of this Agreement, to provide Employee with Confidential Information (as defined below) belonging to the Company. Employee agrees at all times, during the term of employment and thereafter, to hold in strictest confidence, and not to use, except for
the benefit of the Company or in connection with Employee’s responsibilities under his employment, or to disclose to any person, firm, corporation or other entity without written authorization of an officer of the Company any Confidential
Information of the Company. Employee further agrees not to make copies of such Confidential Information except as authorized in writing by the Company or required for the performance of Employee’s responsibilities under his employment. Any such
copies made pursuant to the preceding sentence shall be available to, and shall remain the sole property of, the Company at all times. Employee understands that “Confidential Information” means any Company proprietary information,
technical data, trade secrets or know-how, including, but not limited to, (i)

  

 5 

 
information derived from reports, investigations, experiments, research and work in progress, (ii) methods of operation, (iii) market data,
(iv) technology, hardware, proprietary computer programs and code (in object code and source code format), (v) drawings, designs, plans and proposals, (vi) marketing and sales programs, (vii) customer, licensee and supplier lists
and any other information about the Company’s relationships with others, (viii) historical financial information and financial projections, (ix) network and system architecture, (x) all other formulae, patterns, devices or
compilations, concepts, ideas, materials and information prepared or performed for or by the Company, (xi) all information related to the business plan, business, products, purchases or sales of the Company or any of its suppliers and
customers, (xii) software or applications of software, developments, inventions, models, samples, flowcharts, statistical data and compilations, (xiii) computer programs, disks, diskettes, tapes, and (xiv) all other proprietary
information disclosed to Employee by the Company either directly or indirectly in writing, orally or by drawings or observation, or created by Employee during the period of his employment, using Company time and/or materials or equipment. Employee
understands that Confidential Information includes, but is not limited to, information pertaining to any aspects of the Company’s business which is either information not known by actual or potential competitors of the Company, or proprietary
information of the Company or its customers or suppliers or other third parties with which it has business relationships, whether of a technical or financial nature, or otherwise. Employee further understands that Confidential Information does not
include any of the foregoing items which are publicly available or which become publicly known and made generally available through no wrongful act of Employee or of others who were under confidentiality obligations as to the item or items involved.

 (b) Former Employer Information. Employee represents and warrants that Employee’s performance of this Agreement has not
breached, and will not breach, any agreement or trust relationship between himself and any former, concurrent, or subsequent employer or other third party (collectively, “Other Party”), including, without limitation, any agreement with
respect to such Other Party’s inventions, unpublished documents or confidential or proprietary information. Employee agrees that Employee will not disclose to the Company, bring on the Company’s premises, or induce the Company to use any
Other Party’s inventions, unpublished documents or confidential or proprietary information without such Other Party’s prior written consent, a copy of which Employee also shall provide to the Company. 
 (c) Third Party Information. Employee recognizes that the Company has received and in the future will receive from third parties their
confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. Employee agrees to hold all such confidential or proprietary
information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out Employee’s work for the Company consistent with the terms of this Agreement. 
 7. Inventions. 
 (a) Inventions
Retained and Licensed. Employee has attached hereto, as Exhibit A, a list describing all ideas, discoveries, inventions, original works of authorship, developments, designs, work products, innovations, concepts, know-how and trade
secrets which were made by Employee prior to Employee’s employment with the Company (collectively referred to as “Prior Inventions”), 

  

 6 

 
which belong to Employee, which relate to the Company’s current or proposed business, products or research and development, whether or not specifically
within Employee’s duties or responsibilities with the Company, whether or not patentable or registrable under copyright or similar laws and whether or not reduced to writing, and which are not assigned to the Company hereunder; or, if no such
list is attached, Employee represents that there are no such Prior Inventions. If, in the course of Employee’s employment with the Company, Employee incorporates into a Company product, process, program, software or machine a Prior Invention
owned by Employee or in which Employee has an interest, the Company is hereby granted and shall have a nonexclusive, royalty-free, transferable, irrevocable, perpetual, worldwide license to make, have made, modify, use, reproduce, distribute, create
derivative works from, publicly perform, publicly display and sell such Prior Invention as part of, or in connection with such product, process, program, software, work or machine. Employee agrees that Employee will not, without the prior approval
of the Company, incorporate in any Company product, process, program, software, work or machine any photographs, video or film, music, computer programs or other materials obtained from a third party (via the Internet or otherwise) for which the
Company has not been granted an express license for such incorporation. 
 (b) Assignment of Inventions. Employee agrees that Employee
will promptly make full written disclosure to the Company of any and all ideas, discoveries, inventions, original works of authorship, developments, designs, work products, innovations, concepts, know-how, and trade secrets which relate to the
Company’s current or proposed business, products or research and development, whether or not specifically within Employee’s duties or responsibilities with the Company and whether or not patentable or registrable under copyright or similar
laws and whether or not reduced to writing, which Employee may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of time Employee is employed with the
Company, whether or not during working hours or by the use of the facilities of the Company (collectively referred to as “Inventions”). Employee further agrees that Employee will hold in trust for the sole right and benefit of the Company,
and hereby assigns to the Company, or its designee, all Employee’s right, title, and interest in and to any and all such Inventions which Employee may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or
developed or reduced to practice, using the Company’s time and/or materials or equipment. Employee further acknowledges that all of the above-described Inventions made during the period of Employee’s employment with the Company are
“works made for hire”, as that term is defined in the United States Copyright Act, to the greatest extent permitted by applicable law, and are compensated by Employee’s salary. All Inventions or other work product created by Employee
or on Employee’s behalf or by Employee’s affiliates pursuant to this Agreement shall be free and clear of all encumbrances, including without limitation, security interest(s), licenses, liens or other restrictions other than as expressly
provided for in this Agreement. Employee hereby appoints the Company as Employee’s attorney-in-fact to execute on Employee’s behalf any assignments or other documents deemed necessary by the Company to protect or perfect its rights to any
Inventions. 
 (c) Inventions Assigned to the United States. Employee agrees to assign to the United States government all
Employee’s right, title, and interest in and to any and all Inventions whenever such full title is required to be in the United States by a contract between the Company and the United States or any of its agencies. 
  

 7 

 (d) Maintenance of Records. Employee agrees to create and maintain adequate and current written
records of all Inventions made by Employee (solely or jointly with others), and assigned to the Company under Section 7(b) above, during the term of Employee’s employment with the Company. The records will be in the form of notes,
sketches, drawings, and any other format that may be specified by the Company. The records will be available to and remain the sole property of the Company at all times. Employee agrees not to remove such records from the Company’s place of
business except as expressly permitted by the Company policy, which may, from time to time, be revised at the sole discretion of the Company. 
 (e) Patent and Copyright Registrations. Employee agrees to reasonably assist the Company, or its designee, at the Company’s expense, in every proper way to secure the Company’s rights in the Inventions and any copyrights,
patents, mask work rights, moral rights, or other intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all
applications, specifications, oaths, assignments and all other instruments which the Company shall reasonably deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns, and
nominees the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights, moral rights or other intellectual property rights relating thereto. Employee further agrees that Employee’s
obligation to execute or cause to be executed, when it is in Employee’s power to do so, any such instrument or papers shall continue after the termination of this Agreement. If the Company is unable because of Employee’s mental or physical
incapacity, unavailability, or for any other reason to secure Employee’s signature to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering Inventions or original works of authorship
assigned to the Company as above, then Employee hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as Employee’s agent and attorney in fact, to act for and in Employee’s behalf and stead to
execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent, copyright registrations or enforcement of other intellectual property rights thereon with the same legal
force and effect as if executed by Employee. 
 8. Conflicting Employment. Employee agrees that, during the Employment Period,
Employee will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the Employment Period, nor will Employee engage in
any other activities that conflict with Employee’s obligations to the Company, provided, however, that the Employee may serve as a director of a corporation which is not affiliated with the Company if such service is approved by the Corporate
Governance and Nominating Committee of the Board of Directors of the Company. 
 9. Returning Company Documents. Employee agrees that,
at the time of termination of Employee’s employment with the Company, Employee will deliver to the Company (and will not keep in Employee’s possession, copy, reproduce, recreate or deliver to 

  

 8 

 
anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials,
equipment, other documents or property, or reproductions of any of the aforementioned items developed by Employee pursuant to Employee’s employment with the Company or otherwise belonging to the Company, its successors or assigns. Employee
further agrees that any property situated on the Company’s premises or on the Company’s computers or servers, including disks and other storage media, email, and filing cabinets and other work areas, is subject to inspection by Company
personnel at any time with or without notice. 
 10. Notification of New Employer. Upon termination of Employee’s employment with
the Company, Employee hereby grants consent to notification by the Company to Employee’s new employer or any other party with which Employee may enter into a new relationship with respect to Employee’s obligations under this Agreement.

 11. Certain Covenants. 
 (a) Solicitation of Employees, Consultants and Customers. In consideration of the Company’s obligations under this Agreement and the other consideration recited above, including but not limited to the Company’s obligations
pursuant to Section 5, Employee agrees that, during the Employment Period and for the Severance Period (together, the “Restricted Period”), Employee shall not, either directly or indirectly, either alone or in concert with others,
solicit, induce, recruit, encourage or entice, or attempt to solicit, induce, recruit, encourage or entice, any employee of or consultant to the Company to leave the Company or work for anyone in the businesses in which the Company and its
affiliates are engaged at any time during the one-year period ending on the Termination Date (“Company Business”). Also, during the Restricted Period, Employee will not directly or indirectly, either for himself or for any other person,
firm or corporation, divert or take away or attempt to divert or take away, call on or solicit or attempt to call on or solicit, any customer of the Company, in connection with any business or activity similar to or related to the Company Business,
including but not limited to those on whom Employee called or whom Employee solicited or with whom Employee became acquainted while engaged as an employee of or a consultant to the Company. During his employment, Employee agrees not to plan or
otherwise take any steps, preliminary or otherwise, either alone or in concert with others, to set up or engage in any business enterprise that would be in competition with the Company. 
 (b) Noncompetition. 
 (i) Employee
agrees that, during the Restricted Period, Employee will not, directly or indirectly, engage or invest in, own, manage, operate, finance, control, or participate in the ownership, management, operation, financing, or control of, be employed by,
associated with, or in any manner connected with, or render services or advice to, any business whose primary line of business is competitive with the Company Business or personally engage in, manage or operate, or personally participate in the
conduct, management or operation of, be employed by, associated with, or render services or advice to, any business competitive with the Company Business anywhere in Houston, Texas or in any geographical area within fifty (50) miles of the city
limits of Houston, Texas. 
  

 9 

 (ii) Notwithstanding the provisions of this Section 11, Employee’s non-competition obligations
hereunder shall not preclude Employee from owning less than one percent (1%) of any class of securities of any enterprise conducting business in the Company Business (but without otherwise participating in the activities of such enterprise) if
such securities are listed on any national or regional securities exchange or have been registered under Section 12(g) of the Securities Exchange Act of 1934. 
 (iii) Employee agrees that the time periods and the geographic scope within this Section 11 are reasonable in order for the Company to be protected from unfair competition and to preserve the Company’s
Confidential Information and other legitimate business interests, and are ancillary to and designed to ensure Employee’s compliance with the confidentiality provisions of this Agreement. Employee specifically recognizes and acknowledges that
the work of the Company is so specialized and unique that only such geographic scope can protect the Company from unfair competition. 
 (c)
Breach. In the event of Employee’s breach of any covenant set forth in this Section 11, the term of such covenant will be extended by the period of the duration of such breach. 
 (d) Severability. If at any time the provisions of this Section 11 are determined to be invalid or unenforceable by reason of being vague or
unreasonable as to area, duration or scope of activity, this Section 11 shall be considered divisible and shall be immediately amended to only such area, duration or scope of activity as shall be determined to be reasonable and enforceable by
the court or other body having jurisdiction over the matter; and Employee agrees that this Section 11 as so amended shall be valid and binding as though any invalid or unenforceable provision had not been included herein. 
 12. Notices. Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, sent by a nationally
recognized overnight delivery service, or mailed by first class mail, return receipt requested, to the recipient at the address below indicated: 
 Notices to Employee: 
 Scott Stanton 
 2930 W. Sam Houston Pkwy. N., Suite 300 
 Houston, TX 77043 
  

 10 

 Notices to the Company: 
 Flotek Industries, Inc. 
 2930 W. Sam Houston
Pkwy. N., Suite 300 
 Houston, TX 77043 
 or
such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. Any notice under this Agreement shall be deemed to have been given when so delivered or, if sent by
first class mail, three (3) days after so mailed. 
 13. Severability. Whenever possible, each provision of this Agreement shall
be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein. 
 14. Complete Agreement. Except with respect to any proprietary information and inventions assignment
agreement between the Company and the Employee, this Agreement embodies with respect to the subject matter hereof the complete agreement and understanding among the parties and supersedes and preempts with respect to the subject matter hereof any
prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. 
 15. Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 
 16. Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Employee, the Company and their
respective heirs, successors and assigns, except that Employee may not assign his rights or delegate his obligations hereunder without the prior written consent of the Company except by operation of law to Employee’s estate upon the death of
Employee. 
 17. Choice of Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this
Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Texas or any other jurisdiction) that would
cause the application of the laws of any jurisdiction other than the State of Texas. 
 18. Consent to Personal Jurisdiction. Subject
to terms and conditions of Section 19, any suit, action or other proceeding arising out of or based upon this Agreement shall be brought in the federal and state courts located within Harris County, Texas. 
  

 11 

 19. Arbitration and Equitable Remedies. 
 (a) Arbitration. Except as provided in Section (b) below, Employee agrees that any dispute or controversy arising out of or relating to any
interpretation, construction, performance or breach of this Agreement, shall be settled by arbitration to be held in Houston, Texas, in accordance with the rules then in effect of the American Arbitration Association, provided however, the parties
will be entitled to full and liberal evidentiary discovery in accordance with the rules governing civil litigation in courts of the same jurisdiction. The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision
of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. The Company and Employee shall split 50%-50% the costs and
expenses of such arbitration, and the substantially prevailing party shall be entitled to an award of attorneys fees. 
 (b) Equitable
Remedies. Each of the Company and Employee agree that disputes relating to or arising out of a breach of the covenants contained in Sections 6 through 11 of this Agreement would likely require injunctive relief to maintain the status quo of the
parties pending the appointment of an arbitrator pursuant to this Agreement. The parties hereto also agree that it would be impossible or inadequate to measure and calculate the damages from any breach of the covenants contained in this Agreement
prior to resolution of any dispute pursuant to arbitration. Accordingly, if either party claims that the other party has breached any covenant contained in Sections 6 through 11 of this Agreement, that party will have available, in addition to any
other right or remedy, the right to obtain an injunction from a court of competent jurisdiction restraining such breach or threatened breach and/or to specific performance of any such provision of this Agreement pending resolution of the dispute
through arbitration. The parties further agree that no bond or other security shall be required in obtaining such equitable relief and hereby consents to the issuance of such injunction and to the ordering of specific performance. However, upon
appointment of an arbitrator, the arbitrator shall review any interim, injunctive relief granted by a court of competent jurisdiction and shall have the discretion, jurisdiction, and authority to continue, expand, or dissolve such relief pending
completion of the arbitration of such dispute or controversy. The parties agree that any orders issued by the arbitrator may be enforced by any court of competent jurisdiction if necessary to ensure compliance by the parties. 
 20. Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior written consent of the Company and
Employee, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date. 

 

			
	FLOTEK INDUSTRIES, INC.
		
	By:	 	 /s/ John W. Chisholm

	Name:	 	John W. Chisholm
	Title:	 	Interim President
	
	 /s/ Scott Stanton

	Scott Stanton

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