Document:

ex101.htm

 

CASHBET REAL MONEY GAMING SERVICES AGREEMENT

 

This CashBet Real Money Gaming Services Agreement (this “Services Agreement”) is effective as of  April 15, 2014 (the “Effective Date”) by and between (i) Cashbet Alderney Limited, a Channel Islands organization registered in Alderney (“CashBet”) a wholly-owned subsidiary of Mobile Gaming Technologies, Inc. , AND Mobile Gaming Technologies, Inc., (“The Cashbet Holding Company”)  a Delaware corporation, and (ii) Gamzio Mobile, Inc., a Nevada Corporation (including Gamzio’s affiliates and subsidiaries, if any) (“Gamzio”), with reference to the following facts:

 

RECITALS

 

	
A. 

	
CashBet provides, among other things, a technology platform that provides real money gaming services, including regulatory licensing and compliance, customer service, hosting, banking, and e-commerce services as well as a software platform (collectively, the “Real Money Gaming Services”) for online games of chance (“Games”) played for real money payouts in regulated markets (the “Regulated Markets”) in accordance with al laws, rules, regulations, and statutes applicable to the Regulated Markets and the provision of Games therein (“Applicable Laws”).

	
B. 

	
Gamzio desires to receive from CashBet, and CashBet desires to provide to Gamzio, Real Money Gaming Services, all according to the terms but subject to the conditions and limitations set forth in this Services Agreement.

 

	
C.  

	
Governing Law. This Agreement shall be governed in all respects by the laws of the State of Nevada. The Parties agree that any claim or dispute must be resolved by a court located in Las Vegas, Nevada except as otherwise agreed by the parties or as described in the Arbitration Option paragraph below. The Parties agree to submit to the personal jurisdiction of the courts located within Clark County, Nevada for the purpose of litigating all such claims or disputes.Arbitration Option - Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be settled by arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules Provider Rules. The number of arbitrators shall be three. The place of arbitration shall be Las Vegas, NV law shall apply. Judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.

 

	
D.  

	
Arbitration Option - Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be settled by arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules Provider Rules. The number of arbitrators shall be three. The place of arbitration shall be Las Vegas, NV law shall apply. Judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.

 

NOW, THEREFORE, for the promises made herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties (as defined below), CashBet and Gamzio (each a “Party,” and together the “Parties”) hereby agree as follows:

 

  

1

  

AGREEMENT

 

	
1.  

	
CASHBET TERMS AND CONDITIONS.

 

This Services Agreement fully incorporates that certain CashBet Real Money Gaming Standard Terms and Conditions attached hereto as Exhibit B (the “Terms and Conditions”). Capitalized but undefined terms in this Services Agreement shall have the meanings as set forth in the Terms and Conditions.

 

	
2.  

	
OBLIGATIONS OF THE PARTIES.

 

The Parties to this Services Agreement hereby acknowledge and agree that they shall undertake the following obligations pursuant to the terms and subject to the conditions of this Services Agreement, the Terms and Conditions, and any other agreements by and between the Parties:

 

2.1           Obligations of CashBet.

 

2.1.1.            CashBet will provide the Real Money Gaming Services to Gamzio.  CashBet may provide Gamzio other services as supplemented through written addenda signed by the Parties.

 

 The Parties acknowledge and agree that Gamzio’s real money wager game(s) (“Gamzio Games”) comply with all Applicable Laws and Gaming Regulations, including Compliance Testing as the sole condition for Gamzio Games to go live on CashBet’s platform.

 

2.1.2.           CashBet will pay Gamzio the Revenue Share (as defined in Section 3.3 below) due and ongoing to Gamzio, if any, in accordance with Section 3 below.

 

2.1.3.           CashBet will use its good faith commercially reasonable efforts to support Gamzio’s marketing and promotion efforts by integrating Gamzio Games into CashBet’s SDK with various affiliate and advertising programs when, as, and, if such programs become available (and so long as Gamzio is not in breach of this Services Agreement).

 

2.1.4.           CashBet will provide technical support, customer support, and management and information sharing support.

 

2.1.5.           CashBet will not communicate with or contact Gamzio’s end user customers (“Customers”) except as set forth in Section 2.2.12 below.

 

2.1.6.           CashBet will provide Gamzio with a dash board displaying daily, weekly, and monthly accounting and maintain reasonable records with respect to: (a)  revenues of the Gamzio Games and payments and reporting due to Gamzio hereunder; and (b) any  requirements imposed upon the Real Money Gaming Services by any Applicable Law and all steps taking by CashBet to ensure the compliance of the Games, when provided via the Real Money Gaming Services, therewith, in each case during the term of this Services Agreement and for a minimum period of two (2) years following termination of the Services Agreement (or for such longer period as may be required to comply with applicable recordkeeping requirements imposed by law).  Gamzio may, no more than once semi-annually, upon reasonable prior written notice and during the regular business hours of CashBet (and in a manner that is commercially reasonable and not unduly disruptive to CashBet), have an independent certified public accountant reasonably acceptable to CashBet (the “Auditor”) conduct an audit of such records for the sole purpose of verifying the payments made to Gamzio hereunder; provided, however, that Gamzio shall be solely responsible for all costs and expenses of conducting any such audit. The Auditor shall be required to sign a customary confidentiality agreement with CashBet prior to the audit, provided that such agreement will allow the auditor to report the audit results to Gamzio.  Gamzio acknowledges that CashBet’s records and the reports and results of any audit contain the confidential trade information of CashBet. CashBet shall be charged for the expense of any such audit or inspection that establishes an underpayment to Gamzio in excess of 5 percent (5%) of the payments due to Gamzio for the period subject to audit or inspection. In addition, Gamzio may access and receive such records at anytime, at Cashbet’s expense, as necessary to respond to any law enforcement investigation or inquiry from any governmental agency (“Enforcement Action”). 

 

  

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2.1.7.           CashBet may analyze Gamzio Games and marketing and promotion efforts and make a one (1)-page summary of recommendations thereon.

 

2.1.8.           CashBet will comply with all Applicable Laws, including but not limited to (a) applicable gaming; and (b) privacy laws (including but not limited to the European Union Privacy Safe Harbor Principals) and shall ensure that the Real Money Gaming Services comply with all Applicable Laws and shall, in addition to any other indemnification obligation of the CashBet, indemnify, defend, release, and hold harmless Gamzio from any Enforcement Action alleging that the  Real Money Gaming Services (or any Game approved by the Real Money Gaming Services) violates any Applicable Law.

2.1           Obligations of Gamzio.

 

2.2.1.           Gamzio will perform the Real Money Gaming Services, and any other obligations agreed to by the Parties.

 

2.2.2.           Gamzio and Gamzio Games will work with Cashbet to comply with all Applicable Laws, including but not limited to (a) applicable gaming; and (b) privacy laws (including but not limited to the European Union Privacy Safe Harbor Principals).

 

2.2.3.           Gamzio will (a) abide by CashBet’s Terms and Conditions set forth in Exhibit B, and CashBet’s privacy policy, set forth in Exhibit C and (b) adopt and enforce its own privacy policy which will comply with Applicable Law and be at least as comprehensive as CashBet’s privacy policy.

 

2.2.4.           Gamzio will not engage in any illegal or fraudulent behavior, or any other conduct that could reasonably jeopardize the applicable gambling licenses of CashBet.

 

2.2.5.           Gamzio has provided and will continue to provide CashBet confidentially with all data, data models, math models, source code, digital assets, and operating histories reasonably necessary for CashBet to launch Gamzio Games on CashBet’s platform and for CashBet to comply with applicable laws (“Gamzio Assets”). CashBet covenants to Gamzio that will be hold such Gamzio Assets inline with its confidentiality obligations pursuant to either (a) a nondisclosure agreement signed between the parties, or (b) Section 3.2 of the Terms and Conditions agreement, as applicable.  Cashbet is not to disclose this information to any third parties without the express written permission of Gamzio.

 

2.2.6.           Gamzio has provided and will continue to provide CashBet with Gamzio Branding Elements and several shots of Gamzio Games as well as other relevant marketing materials and Gamzio Content to assist CashBet in launching and marketing the Gamzio Games on CashBet’s platform and creating the conversion path of Gamzio Games. For clarity, CashBet may also use these assets in promotional and investor materials.

 

2.2.7.           Gamzio and Gamzio Games (a) do not and will not contain any slanderous, libelous, hateful, or obscene material; and (b) will comply with CashBet’s Acceptable Gamzio Content Policy as in effect and as updated from time to time.

 

2.2.8           Gamzio acknowledges and agrees that it bears the primary responsibility and burden for marketing and promoting its Gamzio Games on the CashBet platform, and Gamzio covenants to CashBet it will use its commercially reasonable best efforts to market and promote its Gamzio Games effectively.

 

2.2.9.           Gamzio will use its commercially reasonable efforts to cooperate in (a) providing quotes for joint press releases, and (b) developing case studies about CashBet’s platform as reasonably requested by CashBet from time to time.

 

2.2.10.                       Gamzio will use its commercially reasonable efforts to update its Gamzio Games regularly and keep it free of bugs and to keep the look, feel, and playability fresh and up-to-date (“Updates”).  Gamzio hereby covenants to CashBet that it will (a) promptly provide all Updates to CashBet at least ten (10) business days in advance of its desired public release for the purpose of CashBet properly testing such Update, and (b) will not make any Updates without first complying with subsection (a) of this Section 2.2.1.

 

2.2.11.                       Gamzio hereby grants CashBet an exclusive, worldwide non transferable, license for Casino Island Adventure and any other products launched on the CashBet Platform as mutually agreed from time to time, during the Term of the Services Agreement, and solely for the purpose of CashBet providing the Real Money Gaming Services to Developer Partner (or other services as agreed to by the Parties in writing), to reproduce, distribute, publicly display, publicly perform, prepare derivative works of (update, compile, adapt, modify, and re-format), use, sell, and publish on third-party application marketplaces (e.g., Apple’s iTunes Store) the Developer Partner Content and the Developer Partner Branding.

  

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In the event that CashBet terminates this agreement with Gamzio, the following elements of Casino Island Adventure shall become the sole, separate, and undisputed property in its entirety to Gamzio without any further future claims of any kind whatsoever: Casino Island Adventure Artwork, Assets, and Branding Elements and source code supplied or created by Gamzio for the downloadable client application(s) distributed to end users and all the associated intellectual Property rights relating thereto. CashBet will further grant Gamzio a perpetual software license for sourcecode it created as part of the client application(s) only, and that is housed in the Shared Repository. Gamzio shall have no ownership or use of artwork bearing CashBet branding or logos.

2.2.12.                       Gamzio acknowledges and agrees that: (a) CashBet may, in compliance with all Applicable Laws, including the Controlling the Assault of Non Solicited Pornography and Marketing (“CAN-SPAM”) Act and the Telephone Consumer Protection Act  (“TCPA”),  market, advertise to, and contact via any approved electronic method (e.g., email, text, etc.) Gamzio’s inactive Customers with no deposit or wager activity within the last thirty (30) days for the purpose of marketing Gamzio Games; (b) in compliance with the CAN-SPAM Act and the TCPA, market, advertise to, and contact active Customers regarding Cash-Bet specific information and promotional material (e.g., information regarding upcoming bonuses, changes to the CashBet application or platform); provided, however, that such communications will not promote other  games to Gamzio’s active Customers; (c) CashBet may contact all Gamzio’s Customers to update such Customers regarding changes to CashBet’s privacy policies, website terms of service, etc.; and (d) CashBet may communicate with and contact all Gamzio’s Customers for the sole reason and only purpose  to resolve disputes, investigate fraud, collect documentation for large deposits or withdrawals, suspicious activities, to establish and confirm a Customer’s identity, residency, age or location, or for any other legally mandated or regulatory purpose. In each case of (a) through (d), CashBet represents and warrants that it shall, at all times and in all ways, comply with the TCPA and the CAN-SPAM Act and that it shall not take any action that would result in Gamzio being in violation of the TCPA or CAN-SPAM Act.  In addition to any other indemnification obligation hereunder, CashBet shall indemnify, defend, release, and hold harmless Gamzio from any violation of the foregoing representation

2.3           Schedule.  Each Party will meet in a timely manner its respective obligations set forth in this Services Agreement, or as updated from time to time by written addenda signed by the Parties and appended hereto.

 

2.4.           Technical Contacts. Each Party will each designate a technical contact as the primary individual(s) responsible for facilitating communication between Gamzio and CashBet and for coordinating the Real Money Gaming Services. Either Party may change its technical contact upon reasonable prior written notice to the other Party.

    FEES AND PAYMENT TERM

 

         3.1. The standard fee for compliance testing and regulatory approval to ensure that a single Gamzio Game complies with all Applicable Laws is U.S. Ten Thousand Dollars ($10,000) (the “Integration Fee”). CashBet will waive the integration fee for Gamzio Games which successfully pass third party compliance testing within 60 days of executing a definitive agreement or May 30, 2014 whichever comes first. Future games will be subject to reasonable integration fees on a mutually agreed basis.

 

         3.2. CashBet may offer, as necessary, additional integration support services at costs agreed to in a separate agreement.

 

         3.3. The revenue share paid to Gamzio will be sixty percent (60%) of Net Gaming Revenues(as defined in section 1.13  of Exhibit B) collected by CashBet as a result of Gamzio’s activities under Real Money Gaming Services during the first (1st) year of the Term (“Revenue Share”); After the first (1st)  anniversary of the Launch Date, and for the remainder of the Term, the higher of the following two shall apply: fifty percent (50%) or the then-current CashBet Standard Revenue Share listed in the Developer Portal of the CashBet website.

 

         3.4. All Revenue Shares will be denominated and paid to Gamzio in U.S. Dollars. 

 

         3.5 CashBet will pay ninety percent (90%) of the applicable Revenue Share to Gamzio on a net 15fifteen (15) basis, and the balance on a net sixty (60) basis.  These amounts exclude holdback made by the processor (or otherwise out of CashBet's control). Cashbet retains these amounts only to accommodate for possible fraud, charge-backs, or other situations which directly affect Net Gaming Revenues. CashBet will review the holdback schedule from time to time with Gamzio and make modifications as mutually agreed.

 

  

4

  

 

 TERM AND TERMINATION.

         4.1. Term.  This Services Agreement shall commence on the Effective Date and continue in effect until the earlier to occur of:

 

      4.1.1. The first (1st) anniversary of the date your Gamzio Game is first available for public download and play via the CashBet platform (the “Launch Date”); provided, however, that the term will automatically renew for additional one (1) year renewal terms unless one Party provides the other Party with thirty (30) days prior written notice of its intent not to renew;

 

      4.1.2. Until terminated pursuant to Section 4.2;

 

        4.2. Termination of this Services Agreement automatically terminates the Terms and Conditions and the SDK License Agreement; or

 

     4.2.1. The date upon which any Enforcement Action is commenced against Gamzio in connection with any Game approved by CashBet

 

     4.2.2. The date upon which any Enforcement Action is commenced against CashBet or its holding company.

 

        4.3. Termination for Cause.  Termination pursuant to subsections 4.3.1 and 4.3.2 below constitute termination for “Cause.”

 

     4.3.1. Either Party will have the right to terminate this Services Agreement if (a) the other Party breaches any material term or condition of this Services Agreement and fails to cure such breach within thirty (30) days after written (electronic mail sufficient) notice specifying the nature of the breach;

 

     4.3.2. CashBet may terminate this Services Agreement upon thirty (30) business days prior written notice to Gamzio if, in CashBet’s sole discretion Gamzio (or Gamzio’s Customers) are generating an amount of fraud to be agreed upon in writing or if Gamzio fails to address in a timely manner severe stability, performance, or regulatory, issues with a Gamzio Game that prevent or significantly impair a user’s ability to install, operate or make wagers in their client application(s). For the purposes of this agreement a timely response means responding to email submitted bug reports within 24 hours and completing and testing fixes for submitted reports within 10 business days.

 

        4.4. Return of Materials.  Upon termination of this Services Agreement for any reason, each Party will promptly return (or, if the other Party consents, destroy) all items of any nature that belong to the other Party, including, without limitation, all data, records, documents and other material (in any form, format, or medium) containing or relating to a deliverable or Confidential Information of the other Party.

 

        4.5. Survival.  Section 1 (CashBet Terms and Conditions), Section 3 (Fees and Payment Terms), and Section 4 (Term and Termination) shall survive termination of this Services Agreement for any reason.

 

[Signature page follows]

 

  

5

  

 

 

IN WITNESS WHEREOF, the Parties have executed this Services Agreement as of the Effective Date:

 

	

“GAMZIO:”

 

____________________________,

a ______________________

 

 

 

By:                                                                

 

Its: ____________________________________

 

Address:  ____________________________________         

                

     ____________________________________

	

“CASHBET:”

 

CASHBET ALDERNEY LIMITED,

a Channel Islands organization registered in Alderney and a wholly-owned subsidiary of Mobile Gaming Technologies, Inc., a Delaware corporation

 

 

 

By:                                                                

       Michael P. Reaves, Manager 

 

Address:  Inchalla, Le Val

                  Alderney, Channel Islands

                  GY9 3UL

 

 

 

  

6

  

EXHIBIT A

FORM OF STATEMENT OF WORK

This Statement of Work (“Statement of Work”) is made as of April 15, 2014 (the “Effective Date”) pursuant to that certain CashBet Real Money Gaming Services Agreement, dated April 15, 2014, by and between (i) Cashbet Alderney Limited, a Channel Islands organization registered in Alderney (“CashBet”), a wholly-owned subsidiary of Mobile Gaming Technologies, Inc., a Delaware corporation, and (ii) Gamzio, Inc., a Nevada Corporation (including Gamzio’s affiliates and subsidiaries, if any) (“Gamzio”) (the “Services Agreement”).

 

This Statement of Work will be governed by the terms of the Agreement and is hereby incorporated therein. Capitalized terms in this Statement of Work will have the same meaning as in the Agreement. To the extent that the terms or conditions in this Statement of Work conflict with the Agreement, the provisions of this Statement of Work will govern and control.

 

Services.  CashBet shall provide the following Services to Gamzio (the “Services”):

 

1. Integration Support Services

 

1.1. CashBet will provide development services required for and directly related to integration of the CashBet SDK into Gamzio’s products at no charge for the first game launched on the platform. Gamzio will provide technical support for and promptly address questions related to the integration process. Changes to the UI and application that are not related to integration of the SDK but may be required for regulatory compliance will be addressed on a mutually agreed basis.

1.2. CashBet will create math models and PARS sheets suitable for real money gaming on three slots games and deploy them on its servers for Casino Island Adventure at no cost to Gamzio. For clarity, CashBet retains ownership of any math models that it creates.

1.3. Gamzio Shall provide source code from Slots O’ Luck and art assets required for building Casino Island Adventure to CashBet and provide technical assistance with the game for the purposes of integration with CashBet’s SDK; provided, however, that all such source code remains the sole and exclusive property of Gamzio and may only be used for the specific purpose described in this Section 1.3

2. Schedule.

 

Both parties shall make good faith efforts to have the first Gamzio Slots product ready for launch in the Apple App Store by April 28, 2014. This will require submitting for compliance testing by April 15, 2014.

 

  

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3. Additional Fees and Expenses.

 

3.1. Fees.

 

	
•

	
None

 

3.2. Invoicing and Payment Terms

 

	
• 

	
None

 

4.Cancellation. 

 

 

Both parties hereby acknowledge and agree that this Statement of Work may be cancelled pursuant to Section 4 of the Services Agreement.  In the event of a cancellation pursuant to Section 4 of the Services Agreement, any Services rendered by CashBet to Gamzio will be invoiced at the time of cancellation in accordance with Section 4 of this Statement of Work (or deducted from Revenue Share, as applicable).

 

 

[Signature page follows]

 

  

8

  

 

The parties hereby execute this Statement of Work as of the Effective Date.

 

	

“GAMZIO:”

 

GAMZIO MOBILE, INC,

a Nevada Corporation.

 

 

 

By:                                                                

 

Its: ____________________________________

 

Address:  ____________________________________

                 

                  ___________________________________

	

“CASHBET:”

 

CASHBET ALDERNEY LIMITED,

a Channel Islands organization registered in Alderney and a wholly-owned subsidiary of Mobile Gaming Technologies, Inc., a Delaware corporation

 

 

 

By:                                                                

Michael P. Reaves, Manager 

 

Address:  Inchalla, Le Val

                  Alderney, Channel Islands

                  GY9 3UL

 

“MOBILE GAMING TECHNOLOGIES INC:”

 

A Delaware Corporation

 

 

 

By:                                                                

Michael P. Reaves, CEO

 

Address:

 

 

 

  

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EXHIBIT B

 

CASHBET ALDERNEY LIMITED AND MOBILE GAMING TECHNOLOGIES, INC

For Gamzio Mobile Inc. April 15, 2014

These CashBet Real Money Gaming Standard Terms and Conditions (these “Terms and Conditions”) are incorporated into and supplement that certain CashBet Real Money Gaming Services Agreement, entered into by and between (i) Cashbet Alderney Limited, a Channel Islands organization and registered in Alderney (“CashBet”), a wholly-owned subsidiary of Mobile Gaming Technologies, Inc., a Delaware corporation (“MGT”), and (ii) you (including your affiliates and subsidiaries, if any) (“Developer Partner”) (the “Services Agreement”). Any capitalized terms used herein but not defined shall have the meaning as set forth in the Services Agreement.

Please read the following Terms and Conditions which apply to the Services Agreement.  If you do not agree to these Terms and Conditions CashBet will not provided you the Real Money Gaming Services (as defined in the Services Agreement) even if you and CashBet executed a Services Agreement.  These Terms and Conditions may only be modified or amended by written agreement signed by both parties.

AGREEMENT

NOW, THEREFORE, for the promises made herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties (as defined below), CashBet and Developer Partner (each a “Party,” and together the “Parties”) hereby agree as follows:

 

	
1.  

	
DEFINITIONS.

 

1.2. “Affiliate” means any person or entity that controls, is controlled by, or is under common control with either Party, directly or indirectly. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person or entity, whether through ownership of voting securities, by contract or otherwise.

 

1.3. “CashBet Branding Elements” means all trademarks, logos, tag lines, designs (e.g., colors and layouts) and other source-identifying branding elements owned or provided by CashBet.

 

1.4. “CashBet Technology” means any and all innovations that were conceived, reduced to practice, created, derived, developed, or made by CashBet or a third party (solely or jointly) for CashBet, related to or unrelated to the transactions contemplated in these Terms and Conditions,  including without limitation, software, technology, know-how, algorithms, procedures, techniques, solutions, and tools associated with the use, design, development, and testing of software programs that are owned by or licensed to CashBet and that are used by CashBet in connection with the performance of the Services Agreement.

 

  

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1.5.               “Developer Partner Branding Elements” means all trademarks, logos, taglines, and other source-identifying branding elements owned by Developer Partner.

 

1.6.               “Developer Partner Content” means all game content owned by or developed by Developer Partner.

 

	
1.7.  

	
“Data” means all data generated by use of the CashBet Technology.

 

	
1.8.  

	
“Derivatives” means (a) for copyrightable or copyrighted material, any translation, abridgment, revision, or other form in which an existing work may be recast, transformed, or adapted; (b) for patentable or patented material, any improvement thereon; and (c) for material protected by trade secret, any new material derived from such existing trade secret material, including new material that may be protected under copyright, patent, and/or trade secret laws.

 

	
1.9.  

	
“Enhancements” means improvements, upgrades, new releases, and enhancements to the CashBet Technology or the MGT Technology made after the Effective Date.

 

1.10.  “Feedback” means ideas, concepts, suggestions, criticisms, improvements, enhancements, and feedback generated during the course of performance of the Services Agreement.

 

1.11. “Gross Gaming Revenue” means all revenue and proceeds from Developer Partner’s gaming operations involving Real Money Gaming Services.

 

1.12. “Intellectual Property Rights” means (collectively): copyright rights (including, without limitation, the exclusive right to use, reproduce, modify, distribute, publicly display and publicly perform the copyrighted work), trademark rights (including, without limitation trade names, trademarks, service marks, and trade dress), patent rights (including, without limitation, the exclusive right to make, use and sell), trade secrets, rights of publicity, authors’ rights, moral rights, goodwill, and all other intellectual property rights as may exist now and/or hereafter come into existence and all renewals and extensions thereof, regardless of whether such rights arise under the laws of the United States, or any other state, country, or jurisdiction.

1.13.  “Net Gaming Revenue” means Gross Gaming Revenue less any prizes, payment processor fees, chargebacks, refunds,  fraud, platform or network provider fees such as those charged by Google, Apple or Facebook, and only gaming taxes paid directly for the Gambling Services and not taxes based on Cashbet’s income.

	
2.  

	
    OWNERSHIP OF INTELLECTUAL PROPERTY.

 

2.1. CashBet.  As between CashBet and Developer Partner, all CashBet Technology,  CashBet Branding Elements, Data, Enhancements, Feedback, Derivatives, and in each case all Intellectual Property Rights therein or associated therewith, are the sole and exclusive property of CashBet, and all right, title, and interest thereto are held by CashBet.

 

2.2. Developer Partner.  The Developer Partner Content and Developer Partner Branding Elements and all Intellectual Property Rights therein are the sole and exclusive property of Developer Partner.

 

  

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2.3. Developer Partner License Grant. The Developer Partner hereby grants CashBet a exclusive, worldwide, non transferable, sublicensable (with mutual consentnot to be unreasonably withheld) license to Gamzio Productslaunched on the CashBet Platform, during the Term of the Services Agreement, and solely for the purpose of CashBet providing the Real Money Gaming Services to Developer Partner (or other services as agreed to by the Parties in writing), to reproduce, distribute, publically display, publicly perform, prepare derivative works of (update, compile, adapt, modify, and re-format), use, sell, and publish on third-party application marketplaces (e.g., Apple’s iTunes Store) the Developer Partner Content and the Developer Partner Branding.

 

3.           CONFIDENTIALITY.

 

3.1. Nondisclosure Agreement. Each Party acknowledges and agrees that it will abide by the terms of any Nondisclosure Agreement it has entered into with the other Party, which is incorporated into this Agreement, if any (the “NDA”).

 

3.2. Confidential Information.  In the event the Parties have not entered into an NDA, the Parties hereby agree as follows:

 

3.3. Each Party acknowledges that it may have access to information that relates to the other Party’s past, present, or future products, customers, software, research, development, improvements, inventions, processes, techniques, designs, or other technical data, or regarding administrative, management, financial, marketing, or manufacturing activities of the other Party or of a third party who may have supplied it to such other Party on a confidential basis.  All such information, including any materials or documents containing such information, is considered “Confidential Information.” Confidential Information includes Personal Information, as defined below.

 

3.4. Both during and after the Term of the Services Agreement, each Party hereby agrees to preserve and protect the confidentiality of the other Party’s Confidential Information.

 

3.5. All Confidential Information used or generated during the course of the Services Agreement is the property of the disclosing Party. Except with the disclosing Party’s prior written permission, the receiving Party may not disclose or make copies of any of the disclosing Party’s Confidential Information, remove the disclosing Party’s Confidential Information from the disclosing Party’s premises, or use the disclosing Party’s Confidential Information except in connection with the Real Money Gaming Services contemplated in the Services Agreement (or in connection with other services as agreed to by the Parties in writing). The receiving Party shall return any of the disclosing Party’s Confidential Information that may have been disclosed, removed, or copied within five (5) days of termination of the Services Agreement, and shall not retain any such Confidential Information of the disclosing Party.

 

3.6. Exclusions.  Notwithstanding the foregoing, if the disclosing Party’s Confidential Information is required to be disclosed by the other Party pursuant to law, regulation, or valid court order, such other Party shall be permitted to make such disclosure; provided, however, that it shall promptly notify the disclosing Party in writing to permit the disclosing Party the reasonable opportunity to appear in any judicial proceeding involved or otherwise act to preserve its rights.  Further, the obligations in this section shall not apply to any information which (i) is already in the public domain at the time of disclosure, (ii) is already lawfully in the receiving Party’s possession at the time of disclosure, without an obligation of confidentiality, as evidenced by the receiving Party’s business records, (iii) is received independently by the receiving Party from a third party who was free to lawfully disclose such information to the receiving Party, or (iv) is independently developed by the receiving Party without use of or reference to the disclosing Party’s Confidential Information, as evidenced by the receiving Party’s business records.  Each party further agrees not to disclose the terms of this Agreement to any third party except to the extent that disclosure is necessary to a Party’s contractors, advisors, auditors, attorneys and consultants.

 

  

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4.  

	
REPRESENTATIONS AND WARRANTIES.

 

	
4.1.             

	
Representations and Warranties of CashBet to Developer Partner.  CashBet hereby represents and warrants to Developer Partner that CashBet has full power to enter into the Services Agreement and to carry out its obligations thereunder.  CashBet further represents and warrants to Developer Partner that, to its knowledge, neither the CashBet Technology nor the Real Money Gaming Services infringe any third party Intellectual Property Rights.

 

	
4.2.                   

	
Representations and Warranties of Developer Partner to CashBet.  Developer Partner hereby represents, warrants, and covenants to CashBet that:

 

	
4.1.1.  

	
It is able to perform its obligations described in the Services Agreement and shall perform such obligations in a timely, reliable, and commercially reasonable manner.

 

	
4.1.2.  

	
It will preserve the confidentiality of all Confidential Information of CashBet and otherwise comply with the requirements of Section 3 (“Confidential Information”);

 

	
4.1.3.  

	
It will perform in accordance with applicable laws and regulations;

 

	
4.1.4.  

	
It will not disclose to CashBet any confidential information or material belonging to others, except with the written permission of the owner of such information or material;

 

	
4.1.5.  

	
None of the Developer Partner Content or Developer Partner Branding Elements will infringe on or misappropriate the copyright, patent, trademark, trade secret, or any other Intellectual Property Right of any third party.

 

	
4.1.6.  

	
In the event  Gamzio publishes its game on a third-party application marketplace (e.g., Apple’s iTunes Store), it will not submit a new version without first obtaining CashBet’s express written consent. This requirement is necessary to ensure CashBet complies will all regulatory requirements.

 

	
4.1.7.  

	
Except as expressly specified in the SDK License Agreement (as defined below) Developer Partner will not copy (in any amount) or modify CashBet Technology in any way, including, but not limited to, adding new features or otherwise making adaptations that alter the functionality of any CashBet Technology; (b) transfer, sell, rent, lease, distribute or otherwise assign any rights to, or any portion of CashBet Technology to any third party; or (c) make the functionality of this application available to multiple users through any means, including, but not limited to, distribution of CashBet Technology or by uploading CashBet Technology to a network or file-sharing service or through any hosting, application services provider or any other type of service; (d) dissemble, decompile, or reverse engineer CashBet Technology, in whole or in part, or permit or authorize a third party to do so.

 

  

13

  

	
6.  

	
INDEMNIFICATION; LIMITATION OF LIABILITY.

 

	
6.1.  

	
Indemnification.  Each Party agrees to indemnify, defend, and hold the other Party, its parents and Affiliates, and their respective officers, directors, employees, agents, and representatives harmless from any costs, expenses (including reasonable attorneys’ fees), losses, liabilities, damages, and penalties that such indemnified Party may incur (a) as a result of any breach of the representations and warranties made by such indemnifying Party in Section 4, or (b) in connection with the willful tortious misconduct, recklessness, gross negligence, or negligence of such indemnifying Party.

	
6.2.  

	
LIMITATION OF LIABILITY.  IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY CONSEQUENTIAL, SPECIAL, INCIDENTAL, OR INDIRECT DAMAGES OF ANY KIND ARISING OUT OF OR RELATING TO THIS AGREEMENT, EVEN IF SUCH PARTY OR ANYONE ELSE INVOLVED IN THE CREATION, PRODUCTION, DELIVERY, OR LICENSING OF THE DELIVERABLES HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.  IN NO EVENT WILL CASHBET OR MGT BE LIABLE FOR ANY CLAIMS OR DAMAGES ARISING UNDER OR IN CONNECTION WITH THESE TERMS AND CONDITIONS, THE SERVICES AGREEMENT, OR THE SDK LICENSE AGREEMENT IN AN AMOUNT MORE THAN NET GAMING REVENUE DERIVED BY CASHBET FROM DEVELOPER PARTNER.

 

	
7.  

	
GENERAL.

 

These Terms and Conditions, the Services Agreement, and the SDK License Agreement (collectively the “Transaction Agreements”), and any dispute arising under or which is related to the Transaction Agreements (whether in contract, tort, or otherwise), and the validity, performance, and interpretation of the Transaction Agreements shall be governed by and construed in all respects under the laws of the Bailiwick of Guernsey, without regard to its conflicts of law principles. Any suit, action, or proceeding arising from or relating to the Transaction Agreements must be brought, solely and exclusively, in the courts of  Nevada and each Party irrevocably consents to the jurisdiction and venue of any such court in any such suit, action or proceeding (and waives any claim of forum non conveniens and any objections as to laying of venue).  Failure by either Party to enforce any provision of the Transaction Agreements will not be deemed a waiver of future enforcement of that or any other provision.  Any waiver, amendment, or other modification of any provision of the Transaction Agreements will be effective only if in writing and signed by the Parties. If for any reason a court of competent jurisdiction finds any provision or portion of the Transaction Agreements to be unenforceable, that provision of the Transaction Agreements, as applicable, will be enforced to the maximum extent permissible so as to effect the intent of the Parties, and the remainder of the Transaction Agreements will continue in full force and effect. All notices required or permitted under the Transaction Agreements will be in writing, will reference the applicable Transaction Agreement, and will be deemed given: (a) when sent by facsimile confirmed by electronic mail, registered mail, or certified mail; (b) upon receipt after having been sent by registered or certified mail, return receipt requested, postage prepaid; (c) five (5) working days after deposit with a commercial overnight carrier, with written verification of receipt; or (d) when emailed with confirmed receipt.  All communications will be sent to the addresses set forth below or to such other address as may be designated by a Party by giving written notice to the other Party pursuant to this Section.  Notwithstanding the foregoing, regular operational communications are not subject to these notice requirements.  The remedies specified in the Transaction Agreements are cumulative and an injured Party may seek, in addition to such remedies, all other remedies available at law or in equity for any breach or violation of the Transaction Agreements.  Neither Party may assign its rights or obligations hereunder, by operation of law or otherwise, without express written consent of the other Party (except that CashBet may, without Developer Partner’s consent, assign its rights and obligations hereunder to a successor entity that acquires all or substantially all of the assets or capital stock (via merger or otherwise) of CashBet or an affiliated entity of CashBet). Any attempted assignment (except to a successor entity or affiliated entity) will be void.  The Transaction Agreements shall be binding upon the successors of the Parties.  The Transaction Agreements shall inure to the benefit of each Party, its subsidiaries, and affiliates. Except as expressly provided herein to the contrary, no provisions of the Transaction Agreements, express or implied, are intended or will be construed to confer rights, remedies or other benefits to any third party.  Each Party's relationship with the other is that of an independent contractor, and nothing in the Transaction Agreements is intended to, or should be construed to, create a partnership, agency, joint venture, or employment relationship.  Neither Party will be entitled to any of the benefits which the other may make available to its employees, including, but not limited to, group health or life insurance, profit-sharing, or retirement benefits.  Neither Party is authorized to make any representation, contract, or commitment on behalf of the other. Each Party is solely responsible for, and will file, on a timely basis, all tax returns and payments required to be filed with, or made to, any federal, state or local tax authority with respect to the services and receipt of fees under the Transaction Agreements.  The Transaction Agreements and the NDA, if any, including all exhibits attached hereto (which are hereby incorporated by this reference), constitute the entire agreement between the Parties with respect to the subject matter hereof, and supersedes and replaces all prior or contemporaneous understandings, representations, communications and agreements, written or oral, regarding such subject matter.

 

  

14

  

EXHIBIT C

 

CASHBET PRIVACY POLICY

 

CashBet Alderney Limited (We, us, our) is committed to protecting and respecting your privacy.

This policy (together with our terms of use: http://www.cashbet.com/player_terms.html, and any other documents referred to on it) sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Please read the following carefully to understand our views and practices regarding your personal data and how we will treat it. By visiting www.cashbet.com you are accepting and consenting to the practices described in this policy.

For the purpose of the Data Protection Act 1998 (the Act), the data controller is CashBet Alderney Limited of Inchalla, Le Val, Alderney GY9 3UL.

 

	
  

	
Information We May Collect From You

 

We may collect and process the following data about you:

 

	
·  

	
Information you give us. You may give us information about you by filling in forms on our site www.cashbet.com (our site) or by corresponding with us by phone, e-mail or otherwise. This includes information you provide when you register a Player account on our site or place bets or wagers, otherwise make use of any products or services available from our website or mobile applications, and when you report a problem, make a complaint to us or request self-exclusion. The information you give us may include your name, username or nickname (if they contain personal information), your address, e-mail address and phone number, financial and credit card information, personal description and photograph, and gambling preferences.

 

	
·  

	
Information we collect about you. With regard to each of your visits to our site we may automatically collect the following information:

 

	
·  

	
Technical information, including the Internet protocol (IP) address used to connect your computer to the Internet, your login information, browser type and version, time zone setting, browser plug-in types and versions, operating system and platform,

 

	
·  

	
Information about your visit, including the full Uniform Resource Locators (URL) clickstream to, through and from our site (including date and time), bets or wagers you placed, web pages you viewed or searched for, page response times, download errors, length of visits to certain pages, page interaction information (such as scrolling, clicks, and mouse-overs), and methods used to browse away from the page and any phone number used to call our customer service number.

 

	
·  

	
Information we receive from other sources. We may receive information about you if you use any of the other websites we operate from time to time or if you avail yourself of the other services we provide. We are also working closely with third parties (including, for example, our regulators, business partners, sub-contractors in technical, payment and delivery services, advertising networks, analytics providers, search information providers, credit reference agencies) and may receive information about you from them.

 

 

  

15

  

	
  

	
Cookies

 

Our website uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site. For detailed information on the cookies we use and the purposes for which we use them see our Cookie policy (www.cashbet.com/cookies.html).

 

	
  

	
Uses Made of the Information

 

We use information held about you in the following ways:

	
·  

	
Information you give to us. We will use this information to:

 

	
·  

	
Carry out our obligations arising from any contracts entered into between you and us and to provide you with the information, products and services that you request from us,

 

	
·  

	
Provide you with information about other goods and services we offer that are similar to those that you have already used,

 

	
·  

	
Provide you, or permit selected third parties to provide you, with information about goods or services we feel may interest you. If you are an existing player, we will only contact you by electronic means (e-mail or SMS) with information about goods and services similar to those which we have provided to you. If you are a new or prospective player, and where we permit selected third parties to use your data, we (or they) will contact you by electronic means only if you have consented to this. If you do not want us to use your data in this way, or to pass your details on to third parties for marketing purposes, please tick the relevant box situated on the form on which we collect your data (the Player account registration form),

 

	
·  

	
Notify you about changes to our service,

 

	
·  

	
Ensure that content from our site is presented in the most effective manner for you and for your computer.

 

	
·  

	
Information we collect about you. We will use this information:

 

	
·  

	
To administer our site and for internal operations, including troubleshooting, data analysis, testing, research, statistical and survey purposes,

 

	
·  

	
To improve our site to ensure that content is presented in the most effective manner for you and for your computer,

 

	
·  

	
To allow you to participate in interactive features of our service, when you choose to do so,

 

	
·  

	
As part of our efforts to keep our site safe and secure,

 

	
·  

	
To measure or understand the effectiveness of advertising we serve to you and others, and to deliver relevant advertising to you,

 

	
·  

	
To make suggestions and recommendations to you and other users of our site about goods or services that may interest you or them.

 

  

16

  

	
·  

	
Information we receive from other sources. We may combine this information with information you give to us and information we collect about you. We may us this information and the combined information for the purposes set out above (depending on the types of information we receive).

 

	
  

	
Disclosure of Your Information

 

We may share your personal information with any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries, as defined in section 1159 of the UK Companies Act 2006.

We may share your information with selected third parties including:

	
·  

	
The Alderney Gambling Control Commission or the Gambling Commission or the Independent Betting Adjudication Service to comply with our regulatory obligations and/or in connection with any application for arbitration concerning your relationship with us.

 

	
·  

	
Our business partners, suppliers and sub-contractors for the performance of any contract we enter into with them.

 

	
·  

	
Credit reference agencies or other third party service providers who will check or authenticate you.

 

	
·  

	
Advertisers and advertising networks that require the data to select and serve relevant adverts to you and others. We do not disclose information about identifiable individuals to our advertisers, but we may provide them with aggregate information about our users (for example, we may inform them that 500 men aged under 30 have clicked on their advertisement on any given day). We may also use such aggregate information to help advertisers reach the kind of audience they want to target (for example, women in SW1). We may make use of the personal data we have collected from you to enable us to comply with our advertisers’ wishes by displaying their advertisement to that target audience.

 

	
·  

	
Analytics and search engine providers that assist us in the improvement and optimisation of our site.

 

We may disclose your personal information to third parties:

	
·  

	
In the event that we sell or buy any business or assets, in which case we may disclose your personal data to the prospective seller or buyer of such business or assets.

 

	
·  

	
If CashBet Alderney Limited or substantially all of its assets are acquired by a third party, in which case personal data held by it about its customers will be one of the transferred assets.

 

	
·  

	
If we are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce or apply our terms of use (www.cashbet.com/player_terms.html) and any other agreements or policies we may adopt from time to time including any policies in respect of Responsible Gambling, betting or wagering rules, fraud prevention, cheating and unethical behaviour, or to protect the rights, property, or safety of CashBet Alderney Limited, our players, or others. This includes exchanging information with our regulators, other companies and organisations for the purposes of player protection, fraud protection and age verification.

 

  

17

  

 

	
  

	
Where We Store Your Personal Data

 

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (EEA). It may also be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff maybe engaged in, among other things, the setting of bets or wagers, the opening of Player accounts, the processing of your payment details, analysis of your betting or wagering activity, and the provision of customer support services. By submitting your personal data, you agree to this transfer, storing or processing. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this privacy policy.

All information you provide to us is stored on our secure servers. Any payment transactions will be encrypted using SSL technology. Where we have given you (or where you have chosen) a password which enables you to access certain parts of our site, you are responsible for keeping this password confidential. We ask you not to share a password with anyone.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our site, any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features to try to prevent unauthorised access.

 

	
  

	
Your Rights

 

You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your information to any third party for such purposes. You can exercise your right to prevent such processing by checking certain boxes on the forms we use to collect your data. You can also exercise the right at any time by contacting us at support@cashbet.com.

Our site may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

 

	
  

	
Access to Information

 

The Act gives you the right to access information held about you. Your right of access can be exercised in accordance with the Act. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

 

	
  

	
Changes to Our Privacy Policy

 

Any changes we may make to our privacy policy in the future will be posted on http://www.cashbet.com/privacy.html  and, where appropriate, notified to you by e-mail. Please check back frequently to see any updates or changes to our privacy policy.

 

	
  

	
Contact

 

Questions, comments and requests regarding this privacy policy are welcomed and should be addressed to support@cashbet.com.

  

182014LTIP

Exhibit 10.1
 
OLIN CORPORATION 
2014 LONG TERM INCENTIVE PLAN 
 
Section 1. Purpose. 
 
The general purposes of the Olin Corporation 2014 Long Term Incentive Plan are to (i) attract and retain persons eligible to participate in the Plan; (ii) motivate Participants, by means of appropriate incentives, to achieve long-range goals; (iii) provide incentive compensation opportunities that are competitive with those of other similar companies; and (iv) further align Participants’ interests with those of other shareholders of Olin Corporation through compensation that is based on Olin’s common stock; and thereby promote the long-term financial interest of Olin and its Affiliates, including growth in the value of Olin’s equity and enhancement of long-term shareholder return. 
 
Section 2. Definitions. 
 
As used in the Plan: 
 
		
	(a)
	“Affiliate” means any corporation, partnership, joint venture or other entity during any period in which Olin owns, directly or indirectly, at least 50% of the total voting or profits interest. 

 
		
	(b)
	“Award” means any Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance Share, Other Stock-Based Award or Dividend Equivalent granted under the Plan. 

 
		
	(c)
	“Award Agreement” means any written or electronic agreement or other instrument or document evidencing an Award granted under the Plan, regardless of whether a Participant signature is required. 

 
		
	(d)
	“Board” means the Board of Directors of Olin, or if applicable following a Change in Control (described in Section 2(e)(iii)), the board of directors (or similar governing body in the case of an entity other than a corporation) of the Parent Entity (as defined in Section 2(e)(iii)) or, if there is no Parent Entity, the Surviving Entity (as defined in Section 2(e)(iii)). 

 
		
	(e)
	“Change in Control” means the occurrence of any of the following events: 

 
(i) the Incumbent Directors cease for any reason to constitute at least a majority of the Board; or 
 
(ii) any Person is or becomes a “beneficial owner” (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Olin representing 20% or more of the combined voting power of the Olin Voting Securities; provided, however, that the event described in this subsection (ii) shall not be deemed to be a Change in Control if such event results from any of the following: (A) the acquisition of Olin Voting Securities by Olin or any of its subsidiaries, (B) the acquisition of Olin Voting Securities directly from Olin; (C) the acquisition of Olin Voting Securities by any employee benefit plan (or related trust) sponsored or maintained by Olin or any of its subsidiaries, (D) the acquisition of Olin Voting Securities by any underwriter temporarily holding securities pursuant to an offering of such securities, (E) the acquisition of Olin Voting Securities pursuant to a Non-Qualifying Transaction (as defined in Section 2(e)(iii)), or (F) the acquisition of Olin Voting Securities by Participant or any Group of Persons including Participant (or any entity controlled by Participant or any Group of Persons including Participant); or 
 
(iii) the consummation of a Reorganization or a Sale, unless immediately following such Reorganization or Sale: (1) more than 50% of the total voting power (in respect of the election of directors, or similar officials in the case of an entity other than a corporation) of (x) Olin (or, if Olin ceases to exist, the entity resulting from such Reorganization), or, in the case of a Sale, the entity which has acquired all or substantially all of the assets of Olin (in either case, the “Surviving Entity”), or (y) if applicable, the ultimate parent entity that directly or indirectly has beneficial ownership of more than 50% of the total voting power (in respect of the election of directors, or similar officials in the case of an entity other than a corporation) of the Surviving Entity (the “Parent Entity”), is represented by Olin Voting Securities that were outstanding immediately prior to such Reorganization or Sale (or, if applicable, is represented by shares into which or for which such Olin Voting Securities were converted or exchanged pursuant to such Reorganization or Sale) with ownership of such Olin Voting Securities (or, if applicable, shares into which or for which such Olin Voting Securities were converted or exchanged pursuant to such Reorganization or Sale) continuing in substantially the same proportions as the ownership of Olin Voting Securities immediately prior to consummation of such Reorganization or Sale (excluding any outstanding voting securities of the Surviving Entity or Parent Entity that are held immediately following the consummation of such Reorganization or Sale as a result of ownership prior to such consummation of voting securities of any corporation or other entity involved in or 

forming part of such Reorganization or Sale other than Olin or any of its subsidiaries), (2) no Person (other than any employee benefit plan (or related trust) sponsored or maintained by Olin, the Surviving Entity, or the Parent Entity), is or becomes the beneficial owner, directly or indirectly, of 20% or more of the total voting power (in respect of the election of directors, or similar officials in the case of an entity other than a corporation) of the outstanding voting securities of the Parent Entity (or, if there is no Parent Entity, the Surviving Entity) and (3) at least a majority of the members of the Board following the consummation of the Reorganization or Sale were, at the time of the approval by the Board of the execution of the initial agreement providing for such Reorganization or Sale (or, in the absence of any such agreement, at the time of approval by the Board of such Reorganization or Sale), Incumbent Directors (any Reorganization or Sale which satisfies all of the criteria specified in (1), (2) and (3) above being deemed to be a “Non-Qualifying Transaction”); provided, however, that if, in connection with a Reorganization or Sale that would otherwise be considered a Change in Control pursuant to this Plan, (I) the immediately preceding clause (3) is satisfied, (II) at least seventy-five percent (75%) of the individuals who were executive officers (within the meaning of Rule 3b-7 under the Exchange Act) of Olin immediately prior to consummation of such Reorganization or Sale become executive officers of the Parent Entity (or, if there is no Parent Entity, the Surviving Entity) immediately following such Reorganization or Sale, and (III) the Incumbent Directors at the time of approval by the Board of such Reorganization or Sale determine in good faith that such individuals are expected to remain executive officers for a significant period of time following such Reorganization or Sale, then such directors shall be permitted to determine by at least a two-thirds vote that such Reorganization or Sale shall not constitute a Change in Control of Olin for purposes of this Plan; or 
 
(iv) the stockholders of Olin approve a plan of complete liquidation or dissolution of Olin. 
 
Notwithstanding the foregoing, if any Person becomes the beneficial owner, directly or indirectly, of 20% or more of the combined voting power of Olin Voting Securities solely as a result of the acquisition of Olin Voting Securities by Olin which reduces the number of Olin Voting Securities outstanding, such increased amount shall be deemed not to result in a Change in Control; provided, however, that if such Person subsequently becomes the beneficial owner, directly or indirectly, of additional Olin Voting Securities that increases the percentage of outstanding Olin Voting Securities beneficially owned by such Person, a Change in Control of Olin shall then be deemed to occur. 
 
		
	(f)
	“Code” means the Internal Revenue Code of 1986, as amended. A reference to any provision of the Code shall include reference to any successor provision of the Code. 

 
		
	(g)
	“Committee” means a committee of the Board designated by the Board to administer the Plan, each member of which is (i) “independent” under the New York Stock Exchange listing criteria, (ii) an “outside director” for purposes of Section 162(m) of the Code and (iii) a “non-employee director” for the purpose of Rule 16b-3, and, to the extent the Committee delegates authority to one or more individuals in accordance with the Plan, such individual(s). 

 
		
	(h)
	“Dividend Equivalent” means any right granted under Section 6(c)(ii) of the Plan. 

 
		
	(i)
	“Effective Date” means the date this Plan is approved by Olin’s shareholders. 

 
		
	(j)
	“Employee” means any employee of Olin or of an Affiliate designated as such on the applicable payroll records, regardless of whether an individual is subsequently retroactively reclassified as a common law employee of Olin or an Affiliate during the applicable period. 

 
		
	(k)
	“Exchange Act” means the Securities Exchange Act of 1934. 

 
		
	(l)
	“Fair Market Value” means, (i) with respect to shares of Olin common stock, a price that is based on the opening, closing, actual, high, low, average or mean selling prices of such common stock on the New York Stock Exchange as of the relevant date, or the last preceding trading date or the next succeeding trading date, if such Shares were not traded on such date, or an average of trading days, as determined by the Committee in its discretion; however, unless the Committee determines otherwise, Fair Market Value with respect to shares of Olin common stock shall mean the mean of the high and low sales price per share of such common stock as reported on the New York Stock Exchange as of the relevant date, or the last preceding trading date, if such Shares were not traded on such date, and, (ii) with respect to any other property (including, without limitation, securities other than Shares), the fair market value of such property determined by such methods or procedures as shall be established from time to time by the Committee. 

 
		
	(m)
	“Family Member” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationship, or any person sharing the Participant’s household, other than a tenant or employee. 

 
		
	(n)
	“Good Reason Event” means: 

 
(i) Olin (A) requires Participant to relocate Participant’s principal place of employment by more than fifty (50) miles from the location in effect immediately prior to the Change in Control and such relocation increases the commuting distance, on a daily basis, between Participant’s residence at the time of relocation and principal place of employment; or (B) requires Participant to travel on business to a substantially greater extent than, and inconsistent with, Participant’s travel requirements prior to the Change in Control (taking into account the number and/or duration (both with respect to airtime and overall time away from home) of such travel trips following the Change in Control as compared to a comparable period prior to the Change in Control); 
 
(ii) Olin reduces Participant’s base salary or fails to increase Participant’s base salary on a basis consistent (as to frequency and amount) with Olin’s salary system for Participant officers as in effect immediately prior to the Change in Control; 
 
(iii) Olin fails to substantially maintain its health, welfare and retirement benefit plans as in effect immediately prior to the Change in Control, unless arrangements (embodied in an on-going substitute or alternative plan) are then in effect to provide benefits that are substantially similar to those in effect immediately prior to the Change in Control; or 
 
(iv) (A) Participant is assigned any duties inconsistent in any adverse respect with Participant’s position (including status, offices, titles and reporting lines), authority, duties or responsibilities immediately prior to the Change in Control or (B) Olin takes any action that results in a diminution in such position (including status, offices, titles and reporting lines), authority, duties or responsibilities or in a substantial reduction in any of the resources available to carry out any of Participant’s authorities, duties or responsibilities from those resources available immediately prior to the Change in Control. 
 
		
	(o)
	“Group” means Persons acting together for the purpose of acquiring Olin stock and includes owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with Olin. If a Person owns stock in both Olin and another corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar transaction, such Person is considered to be part of a Group only with respect to ownership prior to the merger or other transaction giving rise to the change and not with respect to the ownership interest in the other corporation. Persons will not be considered to be acting as a Group solely because they purchase assets of the same corporation at the same time, or as a result of the same public offering. 

 
		
	(p)
	“Incentive Stock Option” means an option to purchase Shares granted under the Plan that is intended to meet the requirements of Section 422 of the Code. 

 
		
	(q)
	“Incumbent Directors” means those individuals who, on the Effective Date, constitute the Board; provided that any person becoming a director subsequent to the Effective Date, whose election or nomination for election was approved by a vote of at least two-thirds of the directors who were, as of the date of such approval, Incumbent Directors, shall be an Incumbent Director; provided, however, that no individual initially appointed, elected or nominated as a director of Olin pursuant to an actual or threatened election contest with respect to directors or pursuant to any other actual or threatened solicitation of proxies or consents by or on behalf of any person other than the Board shall be deemed to be an Incumbent Director. 

 
		
	(r)
	“Non-Qualified Stock Option” means an option to purchase Shares granted under the Plan that is not intended to be (or does not meet the requirements of) an Incentive Stock Option. 

 
		
	(s)
	“Non-Qualifying Transaction” has the meaning set forth in the definition of Change in Control. 

 
		
	(t)
	“Olin” means Olin Corporation and any successor entity. 

 
		
	(u)
	“Olin Voting Securities” means Olin’s then outstanding securities eligible to vote for the election of the Board. 

 
		
	(v)
	“Option” means an Incentive Stock Option or a Non-Qualified Stock Option. 

 
		
	(w)
	“Other Stock-Based Awards” means other types of equity-based or equity-related Awards not otherwise described by the terms of this Plan (including the grant or offer for sale of unrestricted Shares). 

 
		
	(x)
	“Parent Entity” has the meaning set forth under the definition of Change in Control. 

 
		
	(y)
	“Participant” means an Employee granted an Award under the Plan. 

 
		
	(z)
	“Performance-Based Compensation” shall have the meaning as that term is used for purposes of Code Section 162(m). 

 
		
	(aa)
	“Performance Share” means any grant of a right to receive Shares which is contingent on the achievement of performance or other objectives during a specified period. 

 
		
	(bb)
	“Person” has the meaning of such term in Section 3(a)(9) of the Exchange Act and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act. 

 
		
	(cc)
	“Plan” means this Olin Corporation 2014 Long Term Incentive Plan.

		
	(dd)
	“Qualifying Termination” means: 

 
(i) Participant is discharged by Olin, upon or following a Change in Control, other than for cause and other than due to Participant’s death or disability (which will be deemed to occur if Participant becomes eligible to commence immediate receipt of disability benefits under the terms of Olin’s long-term disability plan); or 
 
(ii) A Good Reason Event occurs upon or following a Change in Control and (A) within 90 days following the occurrence of the Good Reason Event, Participant provides written notice to Olin of the occurrence of such Good Reason Event, which notice sets forth the exact nature of the event and the conduct required to cure such event, and (B) Olin does not cure such Good Reason Event within 30 days after its receipt of such notice; provided that such 30-day period to cure shall terminate in the event that Olin informs Participant that it does not intend to cure such event (such period, whether 30 days or less, the “Cure Period”), and (C) Participant terminates employment as a result of such Good Reason Event during the 45 day period that follows the Cure Period. 
 
If (x) Participant’s employment is terminated prior to a Change in Control for reasons that would have constituted a Qualifying Termination if they had occurred upon or following a Change in Control, (y) Participant reasonably demonstrates that such termination of employment (or event described in Section 2(dd)(ii) above) occurred at the request of a third party who had indicated an intention or taken steps reasonably calculated to effect a Change in Control and (z) a Change in Control involving such third party (or a party competing with such third party to effectuate a Change in Control) does occur within two years following the date of Participant’s termination of employment, then for purposes of this Plan, the date immediately preceding the date of such termination of employment (or event described in Section 2(dd)(ii) above) shall be treated as the date of the Change in Control, except that for purposes of determining Participant’s entitlement to payments and benefits described in Section 9 and the timing of such payments and benefits, the date of the actual Change in Control shall be treated as Participant’s date of termination of employment. In the event that Participant’s employment terminates under the circumstances described in clauses (x), (y) and (z) of the preceding sentence (any such termination, an “Anticipatory Termination”), such termination will be considered a Qualifying Termination for purposes of this Plan, and Participant will be entitled to receive the payments and benefits described in Section 9 of this Plan, provided that any such payments and benefits due under Section 9 shall be reduced by the payments and benefits Participant has already received pursuant to any applicable employment, severance or termination agreement, plan, arrangement or policy (collectively, the “Other Arrangements”), in respect of Participant’s termination of employment with Olin, and the remainder of the payments and benefits payable pursuant to the Other Arrangements shall be forfeited. For purposes of implementing the terms of Section 9 in the event of an Anticipatory Termination, all outstanding and unvested Options, Restricted Stock and other equity-based Awards (including, without limitation, Performance Shares) that Participant holds on the date of the Anticipatory Termination shall be deemed to remain outstanding until the date of the Change in Control (but in the case of any Options, not beyond the date that such Options would have expired if Participant had remained continuously employed from the date of the Anticipatory Termination until the date of the Change in Control) and become immediately vested and exercisable as of the date of the Change in Control. 
 
		
	(ee)
	“Released Securities” means securities that were Restricted Securities with respect to which all applicable restrictions imposed under the terms of the relevant Award have expired, lapsed or been waived or satisfied. 

 
		
	(ff)
	“Reorganization” means a merger, consolidation, statutory share exchange or similar form of corporate transaction involving (i) Olin or (ii) any of its subsidiaries pursuant to which, in the case of this clause (ii), Olin Voting Securities are issued or issuable. 

 
		
	(gg)
	“Restricted Securities” means Awards of Restricted Stock or other Awards under which outstanding Shares are held subject to certain restrictions. 

 
		
	(hh)
	“Restricted Stock” means any grant of Shares subject to a risk of forfeiture or other restrictions that will lapse upon the achievement of one or more goals related to completion of service by the Participant, or achievement of performance or other objectives, as determined by the Committee. 

 
		
	(ii)
	“Restricted Stock Unit” means the grant of a contractual right to receive a stated number of Shares in the future, or, if provided by the Committee on the Grant Date, cash equal to the Fair Market Value of such Shares, under the Plan at the end of a specified period of time or upon the occurrence of a specified event. 

 
		
	(jj)
	“Retirement” refers to retirement (including any early retirement) pursuant to any applicable retirement plan of Olin or of an Affiliate as provided under such retirement plan and which retirement was not caused by the Participant being terminated for cause by Olin or any Affiliate. 

 
		
	(kk)
	“Rule 16b-3” means Rule 16b-3 promulgated by the Securities and Exchange Commission under the Exchange Act. 

 
		
	(ll)
	“Sale” (when the term is capitalized) means the sale or other disposition of all or substantially all of the assets of Olin to an entity that is not an Affiliate of Olin. 

 
		
	(mm)
	“Shares” means the common stock of Olin and such other securities or property as may become the subject of Awards pursuant to an adjustment made under Section 4(b) of the Plan. 

 
		
	(nn)
	“Stock Appreciation Right” or “SAR” means any such right granted under Section 6(b) of the Plan. 

 
		
	(oo)
	“Surviving Entity” has the meaning set forth under the definition of Change in Control. 

 
Section 3. Administration. 
 
		
	(a)
	Powers of Committee.    The Plan shall be administered by the Committee which shall have full and exclusive discretionary power to interpret the terms and conditions of the Plan and any Award Agreement or other agreement or document ancillary to or in connection with the Plan, to determine eligibility for Awards and to adopt such rules, regulations, forms, instruments and guidelines for administering this Plan as the Committee may deem necessary or proper. Without limiting such authority, the Committee may: (i) designate Participants; (ii) determine the Awards to be granted to Participants; (iii) determine the number of Shares (or securities convertible into Shares) to be covered by Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, Shares, other securities, other Awards, or other property, or canceled, substituted, forfeited or suspended, and the method or methods by which Awards may be settled, exercised, canceled, substituted, forfeited or suspended; (vi) determine whether, to what extent, and under what circumstances cash, Shares, other securities, other Awards, other property and other amounts payable with respect to an Award under the Plan shall be deferred either automatically or at the election of the Participant or of the Committee; (vii) interpret and administer the Plan and any instrument or agreement relating to, or Award made under, the Plan; (viii) establish, amend, suspend or waive such rules and guidelines and appoint such agents as it shall deem appropriate for the administration of the Plan; and (ix) make any other determination and take any other action that it deems necessary or desirable for such administration. 

 
		
	(b)
	Committee Discretion.    All designations, determinations, interpretations and other decisions with respect to the Plan or any Award shall be within the sole discretion of the Committee and shall be final, conclusive and binding upon all Persons, including Olin, any Affiliate, any Participants, any holder or beneficiary of any Award, any shareholder and any Employee of Olin or of any Affiliate. The Committee’s powers include the adoption of modifications, amendments, procedures, subplans and the like as are necessary to comply with provisions of the laws of other countries in which Olin or an Affiliate may operate in order to assure the viability of Awards granted under the Plan and to enable Participants employed in such other countries to receive benefits under the Plan and such laws. 

 
		
	(c)
	Board Authority.    If the Committee does not exist, or for any other reason determined by the Board, the Board may take any action under the Plan that would otherwise be the responsibility of the Committee. 

 
		
	(d)
	Delegation.    Notwithstanding any provision of the Plan to the contrary, except to the extent prohibited by applicable law or the applicable rules of a stock exchange, the Committee may delegate to one or more officers or managers of Olin or any Affiliate, or a committee of such officers or managers, the authority, subject to such terms and limitations as the Committee shall determine, to grant Awards to, or to cancel, modify, waive rights or conditions with respect to, alter, discontinue, suspend, or terminate Awards held by, Employees who are not officers or 

directors of Olin for purposes of Section 16 of the Exchange Act, provided that no such action shall result in repricing of Options prohibited by Section 3(e). 
 
		
	(e)
	Prohibition on Option Repricing.    Except in connection with a corporate transaction involving Olin (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), the terms of outstanding awards may not be amended to reduce the exercise price of outstanding Options or SARs or cancel outstanding Options or SARs in exchange for cash, other Awards or Options or SARs with an exercise price that is less than the exercise price of the original Option or SAR without shareholder approval. Any such adjustment shall be made in accordance with Treasury Regulation Section 1.409A-1(b)(5)(v). 

 
Section 4. Shares Available for Awards. 
 
		
	(a)
	Shares Available.    Subject to adjustment as provided in Section 4(b) of the Plan, the aggregate number of Shares available for granting Awards under the Plan shall be 3,000,000. 

 
		
	(b)
	Adjustments.    In the event of any change in the Shares by reason of an event or transaction described in Section 3(e) of the Plan, (i) the numbers, class and prices of Shares covered by outstanding Awards under the Plan, (ii) the aggregate number and class of Shares available under the Plan, and (iii) the numbers and class of Shares that may be the subject of Awards pursuant to Section 4(c), shall be adjusted by the Committee, whose determination shall be conclusive. 

 
(i) Without limiting the foregoing, in the event of any split-up, split-off, spin-off or other distribution to shareholders of shares representing a part of Olin’s business, properties and assets, the Committee may modify an outstanding Award so that such Award shall thereafter relate to Shares of Olin and shares of capital stock of the corporation owning the business, properties and assets so split-up, split-off, spun-off or otherwise distributed to shareholders of Olin in the same ratio in which holders of the Shares became entitled to receive shares of capital stock of the corporation owning the business, properties and assets so split-up, split-off or spun-off or otherwise distributed. 
 
(ii) With respect to Awards of Incentive Stock Options, no such adjustment shall be authorized to the extent that such authority would cause the Plan to violate Section 422 of the Code or any successor provision thereto, unless the holder of such Award of Incentive Stock Options agrees to convert such options to Non-qualified Stock Options. 

 
(iii) Notwithstanding the foregoing, a Participant to whom Dividend Equivalents or dividend units have been awarded shall not be entitled to receive a special or extraordinary dividend or distribution unless the Committee shall have expressly authorized such receipt. 
 
		
	(c)
	Additional Restrictions.    Subject to adjustment as provided in Section 4(b), the maximum number of Shares subject to various types of Awards under the Plan shall be as set forth below: 

 
	
		
	 
	 

	Maximum Number of Shares Subject to:
	Maximum Number of Shares

	Total Incentive Stock Options   
	3,000,000

	All Restricted Stock, Restricted Stock Units, Performance Shares and Other Stock-Based Awards granted   
	1,000,000

	Options granted to a single Participant in any calendar year   
	500,000

	SARs granted to a single Participant in any calendar year   
	500,000

	Restricted Stock and Restricted Stock Units granted to a single Participant in any calendar year   
	500,000

	Performance Shares granted to a single Participant in any calendar year   
	500,000

	Other Stock-Based Awards granted to a single Participant in any calendar year   
	500,000

 
		
	(d)
	No Recycling of Shares.    Except for cancelled or forfeited Shares and Shares settled in cash, the Plan is intended to restrict the “recycling” of Shares back into the Plan. The full number of Shares underlying an Award (other than Awards payable, by their terms, only in cash) shall count against the numerical limits of the Plan. Shares exchanged or withheld to pay the purchase or exercise price of an Award or to satisfy tax withholding obligations count against the numerical limits of the Plan. 

 
Section 5. Eligibility. 
 
Any Employee, including any officer or Employee-director, shall be eligible to be designated a Participant, subject to any restrictions imposed by applicable law. An Award may be granted to an Employee prior to the date the Employee first performs services for Olin or the Affiliate, provided that such Awards shall not become vested prior to the date the Employee first performs such services. 
 
Section 6. Awards. 
 
		
	(a)
	Options.    The Committee is authorized to grant Options to Participants with the following terms and conditions and with such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine: 

 
(i) Exercise Price.    The per Share exercise price shall be determined by the Committee, provided that such exercise price shall not be less than the Fair Market Value of a Share on the date of the Option grant. 
 
(ii) Option Term.    The term of each Option shall be fixed by the Committee, provided that in no event shall the term of an Option be more than a period of ten years from the date of its grant. 
 
(iii) Exercise.    The Committee shall determine the time or times at which an Option may be exercised in whole or in part, and the method or methods by which, and the form or forms in which payment of the exercise price with respect thereto may be made. 
 
(iv) Incentive Stock Options.    The terms of any Incentive Stock Option granted under the Plan shall comply in all respects with the provisions of Section 422 of the Code, or any successor provision thereto, and any regulations promulgated thereunder. Without limiting the preceding sentence, the aggregate Fair Market Value (determined at the time an Option is granted) of Shares with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year (under the Plan and any other plan of the Participant’s employer corporation and its parent and subsidiary corporations providing for Options) shall not exceed such dollar limitation as shall be applicable to Incentive Stock Options under Section 422 of the Code or a successor provision. 
 
(v) Termination of Employment Without Cause/With Olin Consent.    Unless otherwise specified in the applicable Award Agreement or policies adopted by the Compensation Committee, in the event the employment of a Participant to whom an Option has been granted under the Plan shall be terminated by Olin or an Affiliate without cause or by the Participant with the consent of Olin or an Affiliate, such Option may be exercised (to the extent of the number of shares that the Participant was entitled to purchase under such Option at the termination of employment) at any time within three months after such termination (which three-month period may be extended by the Committee), but in no event shall such three-month period or any such extension permit the exercise of an Option after the expiration date of the Option. Options granted under the Plan shall not be affected by any change of duties or position so long as the Participant continues to be an Employee. 
 
(vi) Termination for Cause or Without Consent.    Unless otherwise specified in the applicable Award Agreement or policies adopted by the Compensation Committee, upon termination of such Participant’s employment either (a) for cause, or (b) voluntarily on the part of the Participant and without the written consent of Olin or an Affiliate, any Awards held by him or her under the Plan, to the extent not exercised or paid, shall terminate immediately. 
 
(vii) Termination due to Retirement.    Unless otherwise specified in the applicable Award Agreement or policies adopted by the Compensation Committee, in the event the employment of a Participant to whom an Option has been granted under the Plan shall be terminated due to Retirement, such Option may be exercised (to the extent of the number of shares that the Participant was entitled to purchase under such Option at the termination of employment) at any time until the expiration date of the Option; provided, however, that such exercise period may be shortened by the Committee in its discretion at the time of termination. 
 
(viii) Death.    Unless otherwise specified in the applicable Award Agreement or policies adopted by the Compensation Committee, if a Participant to whom an Option has been granted shall die while an Employee, such Option may be exercised by the Participant’s executors, administrators, personal representatives or distributees or permitted transferees at any time within a period of one year after the Participant’s death (which period may be extended by the Committee), regardless of whether or not such Option had vested at the time of death. If a Participant to whom an Option has been granted shall die after his or her employment has terminated but while the Option remains exercisable, the Option may be exercised by the persons described above at any 

time within the longer of (a) the period that the Participant could have exercised the Option had he or she not died, or (b) one year after the date of death (which period may be extended by the Committee), but only to the extent the Option was exercisable at the time of the Participant’s death. 
 
(ix) Disability.    Unless otherwise specified in the applicable Award Agreement or policies adopted by the Compensation Committee, if a Participant to whom an Option has been granted shall become totally and permanently disabled, as that term is defined in Section 22(e)(3) of the Code (or a successor provision), and the Participant’s employment is terminated as a result, such option may be exercised by the Participant or permitted transferee within one year after the date of termination of employment, to the extent that the Option was exercisable at the time of termination of employment. 

 
		
	(b)
	Stock Appreciation Rights.    The Committee is authorized to grant Stock Appreciation Rights to Participants which may, but need not, relate to a specific Option granted under the Plan. Subject to the terms of the Plan and any applicable Award Agreement, each Stock Appreciation Right granted under the Plan shall confer on the holder thereof a right to receive, upon exercise thereof, up to the excess of (i) the Fair Market Value of one Share on the date of exercise over (ii) the exercise price of the right as specified by the Committee, which shall not be less than the Fair Market Value of one Share on the date of grant of the Stock Appreciation Right. Subject to the terms of the Plan and any applicable Award Agreement, the exercise price, term, methods of exercise, methods of payment or settlement, including whether such SAR shall be paid in cash or Shares, and any other terms and conditions of any Stock Appreciation Right shall be as determined by the Committee, but in no event shall the term of a Stock Appreciation Right exceed a period of ten years from the date of its grant. 

 
		
	(c)
	Other Awards. 

 
(i) Issuance.    The Committee is authorized to grant Awards of Restricted Stock, Restricted Stock Units and Performance Shares to Participants. The Committee may make such Other Stock-Based Awards in such amounts and subject to such terms and conditions, as the Committee shall determine. Such Awards may involve the transfer of actual Shares to Participants, or payment in cash or otherwise of amounts based on the value of Shares and may include, without limitation, Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United States. 
 
(ii) Dividends and Dividend Equivalents.    An Award (other than unvested Options, Performance Shares or Stock Appreciation Rights) may provide the Participant with the right to receive dividend payments or dividend equivalent payments with respect to Shares subject to the Award (both before and after the Shares subject to the Award are earned, vested, or acquired), which payments may be either made currently or credited to an account for the Participant, and may be settled in cash or Shares as determined by the Committee; provided, however, that no dividend payments or dividend equivalent payments shall be provided, permitted or credited to the extent that such payments would cause a Restricted Stock Unit or Stock Appreciation Right to be subject to Code Section 409A. Any such settlements, and any such crediting of dividends or dividend equivalents or reinvestment in Shares, may be subject to such conditions, restrictions and contingencies as the Committee shall establish, including the reinvestment of such credited amounts in Share equivalents. 
 
(iii) Restrictions.    Any such Award shall be subject to such conditions, restrictions and contingencies as the Committee may impose (including, without limitation, any limitation on the right to vote Restricted Stock or the right to receive any dividend or other right or property), which may lapse separately or in combination at such time or times, as the Committee may deem appropriate, provided that in order for a Participant to vest in Awards of Restricted Stock or Restricted Stock Units, the Participant must remain in the employ of Olin or an Affiliate for a period of not less than one (1) year after the grant of Restricted Stock or Restricted Stock Units that includes one or more performance criteria, and not less than three (3) years after the grant of Restricted Stock or Restricted Stock Units that does not include one or more performance criteria, in each case subject to Section 9 hereof and subject to relief for specified reasons as may be approved by the Committee. Notwithstanding the foregoing, the Committee may grant Restricted Stock or Restricted Stock Units for an aggregate number of Shares not to exceed 5% of the total number of shares available for issuance under this Plan which vest in less than one (1) year after the date of grant, including immediate vesting, with or without any performance criteria. 
 
(iv) Forfeiture.    Except as otherwise determined by the Committee or as specified in the relevant Award Agreement, upon termination of employment for any reason during the applicable restriction period, all Shares of Restricted Stock still subject to restriction shall be forfeited and reacquired by Olin. 

 
(v) Performance-Based Awards.    The Committee may designate whether any such Awards being granted to a Participant are intended to be Performance-Based Compensation. Any Award so designated shall be conditioned on the achievement of one or more performance measures. Performance measures that may be used 

by the Committee for such purpose shall be based on one or more of the following criteria, on an absolute or a relative basis: 
 
		
	(A)
	cash flow (including, but not limited to, operating cash flow, free cash flow, cash flow return on equity, and cash flow return on investment), 

 
		
	(B)
	earnings per share, 

 
		
	(C)
	EBITDA, 

 
		
	(D)
	Economic Value Added/EVA®, 

 
		
	(E)
	net income or net earnings (before or after taxes), 

 
		
	(F)
	net sales or revenue growth, 

 
		
	(G)
	operating profit, 

 
		
	(H)
	pre-tax profit, 

 
		
	(I)
	return measures (including, but not limited to, return on assets, net assets, capital, invested capital, equity, sales or revenues), 

 
		
	(J)
	revenues, 

 
		
	(K)
	productivity ratios, 

 
		
	(L)
	share price (including, but not limited to, growth measures and total shareholder return), 

 
		
	(M)
	expense targets, 

 
		
	(N)
	margins (including, but not limited to, gross and operating margins), 

 
		
	(O)
	operating efficiency, 

 
		
	(P)
	market share, 

 
		
	(Q)
	customer satisfaction, and 

 
		
	(R)
	working capital targets and changes in working capital. 

 
For Awards intended to be Performance-Based Compensation, the grant of the Awards and the establishment of the performance measures shall be made during the period required under Code Section 162(m) and in accordance with Code Section 409A to the extent applicable. 
 
		
	(d)
	Forms of Payment Under Awards.    Subject to the terms of the Plan and of any applicable Award Agreement, payments to be made by Olin or an Affiliate upon the grant, exercise, or payment of an Award may be made in such form or forms as the Committee shall determine, including, without limitation, cash, Shares, other securities, other Awards, or other property or any combination thereof, and may be made in a single payment or transfer, in each case in accordance with rules and procedures established by the Committee and in accordance with Code Section 409A to the extent applicable. Notwithstanding the foregoing, the payment of the exercise price of an Option shall be subject to the following: 

 
(i) Subject to the following provisions of this subsection the full exercise price for Shares purchased upon the exercise of any Option shall be paid at the time of such exercise (except that, in the case of an exercise arrangement approved by the Committee and described below, payment may be made as soon as practicable after the exercise). 

 
(ii) The exercise price shall be payable in cash or by tendering, by either actual delivery of Shares or by attestation, Shares acceptable to the Committee, which Shares were either acquired at least six months before the exercise date or purchased on the open market, and valued at Fair Market Value as of the day of exercise, or in any combination thereof, as determined by the Committee. 
 
(iii) The Committee may permit a Participant to elect to pay the exercise price upon the exercise of an Option by irrevocably authorizing a third party to sell Shares (or a sufficient portion of the Shares) acquired upon exercise 

of an Option and remit to Olin a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise. 
 
		
	(e)
	Limits on Transfer of Awards.    No Award (other than Released Securities) or right thereunder shall be assignable or transferable by a Participant, other than: 

 
(i) by will or the laws of descent and distribution (or, in the case of an Award of Restricted Securities, to Olin); or 
 
(ii) in the case of Awards other than Incentive Stock Options, to the extent permitted under the terms of the Award, by a gift or domestic relations order to any Family Member, to a trust in which the Participant and/or his or her Family Members hold more than 50% of the beneficial interest, to a foundation in which the Participant and/or Family Members control the management of assets, and any other entity in which the Participant and/or his or her Family Members own more than 50% of the voting interests. 
 
For purposes of this provision, a transfer to an entity in exchange for an interest in that entity shall constitute a gift. 
 
		
	(f)
	General. 

 
(i) No Cash Consideration for Awards.    Participants shall not be required to make any cash payment for the granting of an Award except for such minimum consideration as may be required by applicable law. 
 
(ii) Awards May Be Granted Separately or Together.    Awards may be granted either alone or in addition to, in tandem with, or in substitution for any other Award or any award or benefit granted under any other plan or arrangement of Olin or any Affiliate, or as payment for or to assure payment of an award or benefit granted under any such other such plan or arrangement, provided that the purchase or exercise price under an Option or other Award encompassing the right to purchase Shares shall not be reduced by the cancellation of such Award and the substitution of another Award. Awards so granted may be granted either at the same time as or at a different time from the grant of such other Awards or awards or benefits. 
 
(iii) General Restrictions.    Delivery of Shares or other amounts under the Plan shall be subject to the following: 
 
(A) Notwithstanding any other provision of the Plan, Olin shall have no liability to deliver any Shares under the Plan or make any other distribution of benefits under the Plan unless such delivery or distribution would comply with all applicable laws (including, without limitation, the requirements of the Securities Act of 1933), and the applicable requirements of any securities exchange or similar entity. 
 
(B) To the extent that the Plan provides for issuance of stock certificates to reflect the issuance of Shares the issuance may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any stock exchange. 
 
(iv) Beneficiary.    A Participant may, in the manner established by the Committee, designate a beneficiary or beneficiaries with respect to any Award to exercise the rights of the Participant, and to receive any property distributable, upon the death of the Participant. Each Award, and each right under any Award, shall be exercisable, during the Participant’s lifetime, only by the Participant or a permitted transferee, or, if permissible under applicable law by the Participant’s guardian or legal representative. 
 
(v) No Lien or Security Interest.    No Award (other than Released Securities), and no right under any such Award, may be pledged, attached or otherwise encumbered other than in favor of Olin, and any purported pledge, attachment, or encumbrance thereof other than in favor of Olin shall be void and unenforceable against Olin or any Affiliate. 
 
(vi) No Rights to Awards.    No Employee, Participant or other Person shall have any claim to be granted an Award, and there is no obligation for uniformity of treatment of Employees, Participants or beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. The prospective recipient of any Award under the Plan shall not, with respect to such Award, be deemed to have become a Participant, or to have any rights with respect to such Award, until and unless such recipient shall have executed an agreement or other instrument accepting the Award required by the Committee and delivered a fully executed copy thereof to Olin, and otherwise complied with the then applicable terms and conditions. 

 
(vii) Withholding.    All distributions under the Plan are subject to withholding of all applicable taxes, and, except as otherwise provided by the Committee, the delivery of any Shares or other benefits under the Plan to a Participant are conditioned on satisfaction of the applicable withholding requirements. With respect to withholding required upon the exercise of Options or SARs, upon the lapse of restrictions on Restricted Stock and Restricted Stock Units, or upon the achievement of performance goals related to Performance Shares, or any other taxable event arising as a result of an Award granted hereunder, Participants may elect, subject to the approval of the Committee, to satisfy the withholding requirement, in whole or in part, by having Olin withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. All such elections shall be irrevocable, made in writing, and signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 
 
(viii) Other Compensation Arrangements.    Nothing contained in the Plan shall prevent Olin or any Affiliate from adopting or continuing in effect other or additional compensation arrangements, and such arrangements may be either generally applicable or applicable only in specific cases. 
 
(ix) No Right to Employment.    The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of Olin or any Affiliate. Nothing in the Plan or any Award Agreement shall limit the right of Olin or an Affiliate at any time to dismiss a Participant from employment, free from any liability or any claim under the Plan or the Award Agreement. 
 
(x) Governing Law.    The validity, construction and effect of the Plan and any rules and regulations relating to the Plan shall be determined in accordance with the laws of the State of Missouri, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Plan or any Award Agreement to the substantive law of another jurisdiction. 
 
(xi) Severability.    If any provision of the Plan or any Award is determined to be invalid, illegal or unenforceable, or as to any Person or Award, or would disqualify the Plan or any Award, such provision shall be construed or deemed amended to conform to applicable laws, or, if it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such Person or Award, and the remainder of the Plan and any such Award shall remain in full force and effect. 
 
(xii) No Trust or Fund Created.    Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between Olin or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from Olin or any Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of Olin or any Affiliate. 
 
(xiii) No Fractional Shares.    No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares or any rights thereto shall be canceled, terminated or otherwise eliminated. 
 
(xiv) Share Certificates.    All certificates for Shares or other securities delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares or other securities are then listed, and any applicable Federal or state securities laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 
 
(xv) Award Agreement.    The terms of any plan or guideline adopted by the Committee and applicable to an Award shall be deemed incorporated in and a part of the related Award Agreement. The Committee may provide for the use of electronic, internet or other non-paper Award Agreements, and the use of electronic, internet or other non-paper means for the Participant’s acceptance of, or actions under, an Award Agreement. In the event of any inconsistency or conflict between the terms of the Plan and an Award Agreement, the terms of the Plan shall govern. 
 
		
	(g)
	Agreement to Service.    Each Participant receiving an Award shall, by accepting the Award, agree that he or she will, during employment, devote his or her entire time, energy and skill to the service of Olin and the promotion of its interests, subject to vacations, sick leave and other absences in accordance with the regular policies of, or other reasons satisfactory to, Olin and its Affiliates. 

 
Section 7. Amendment and Termination. 
 
		
	(a)
	Amendments to the Plan.    The Committee may amend, suspend, discontinue or terminate the Plan, including, without limitation, any amendment, suspension, discontinuation or termination that would impair the rights of any Participant, or any other holder or beneficiary of any Award theretofore granted, without the consent of any shareholder, Participant, other holder or beneficiary of an Award, or other Person; provided, however, that, notwithstanding any other provision of the Plan or any Award Agreement, without the approval of the shareholders of Olin, no such amendment, suspension, discontinuation or termination shall be made that would: 

 
(i) increase the total number of Shares available for Awards under the Plan or the total number of Shares subject to one or more categories of Awards pursuant to Section 4(c), in either case except as provided in Section 4(b); 
 
(ii) reduce the minimum Option exercise price, except as provided in Section 4(b); or 
 
(iii) permit repricing of Options prohibited by Section 3(e); and 

provided further that no amendment, suspension, discontinuation or termination (i) that would impair the rights of such Participant, holder or beneficiary shall be made with respect to Section 9 of the Plan after a Change in Control and (ii) may increase the amount of payment of any Award to any Participant. 
 
		
	(b)
	Amendments to Awards.    The Committee may waive any conditions or rights with respect to, or amend, alter, suspend, discontinue, or terminate, any unexercised Award theretofore granted, prospectively or retroactively, without the consent of any relevant Participant or holder or beneficiary of an Award, provided that no amendment, alteration, suspension, discontinuation or termination of an Award that would impair the rights of such Participant, holder or beneficiary shall be made after a Change in Control; provided further that the Committee may not increase the payment of any Award granted any Participant. 

 
		
	(c)
	Adjustments of Awards Upon Certain Acquisitions.    In the event Olin or any Affiliate shall assume outstanding employee awards or the right or obligation to make future such awards in connection with the acquisition of another business or another Person, the Committee may make such adjustments, not inconsistent with the terms of the Plan, in the terms of Awards as it shall deem appropriate. 

 
		
	(d)
	Adjustments of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events.    The Committee may make adjustments in the terms and conditions of Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 4(b) hereof) affecting Olin, any Affiliate, or the financial statements of Olin or any Affiliate, or of changes in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits to be made available under the Plan. 

 
		
	(e)
	409A Compliance.    To the extent any provision of the Plan (or any Award) or action by the Board or Committee would subject any Participant to liability for interest or additional taxes under Code Section 409A(a)(1)(B), it will be deemed null and void, to the extent permitted by law and deemed advisable by the Committee. It is intended that the Plan (and any Award) will comply with Code Section 409A, and the Plan (and any Award) shall be interpreted and construed on a basis consistent with such intent. The Plan (and any Award) may be amended in any respect deemed necessary (including retroactively) by the Committee in order to preserve compliance with Code Section 409A. The preceding shall not be construed as a guarantee of any particular tax effect for Plan benefits or Awards. A Participant (or beneficiary) is solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on the Participant (or beneficiary) in connection with any distributions to such Participant (or beneficiary) under the Plan (including any taxes and penalties under Code Section 409A), and neither Olin nor any Affiliate shall have any obligation to indemnify or otherwise hold a Participant (or beneficiary) harmless from any or all of such taxes or penalties. 

 
Section 8. Additional Conditions to Enjoyment of Awards. 
 
		
	(a)
	The Committee may cancel any unexpired, unpaid or deferred Awards if at any time the Participant is not in compliance with all applicable provisions of the Award Agreement, the Plan and the following conditions: 

 
(i) A Participant shall not render services for any Person or engage, directly or indirectly, in any business which, in the judgment of the Committee is or becomes competitive with Olin or any Affiliate, or which is or becomes otherwise prejudicial to or in conflict with the interests of Olin or any Affiliate. Such judgment shall be based on the Participant’s positions and responsibilities while employed by Olin or an Affiliate, the Participant’s post 

employment responsibilities and position with the other Person or business, the extent of past, current and potential competition or conflict between Olin or an Affiliate and the other Person or business, the effect on customers, suppliers and competitors of the Participant’s assuming the post employment position, the guidelines established in any ethical or business conduct standards of Olin then in effect, and such other considerations as are deemed relevant given the applicable facts and circumstances. The Participant shall be free, however, to purchase as an investment or otherwise, stock or other securities of such Person or business so long as they are listed upon a recognized securities exchange or traded over the counter, and such investment does not represent a substantial investment to the Participant or a greater than 1% equity interest in the organization or business. 
 
(ii) Participant shall not, without prior written authorization from Olin, disclose to anyone outside Olin, or use in other than Olin’s business, any secret or confidential information, knowledge or data, relating to the business of Olin or an Affiliate in violation of his or her agreement with Olin or the Affiliate. 
 
(iii) A Participant, pursuant to his or her agreement with Olin or an Affiliate, shall disclose promptly and assign to Olin or the Affiliate all right, title and interest in any invention or idea, patentable or not, made or conceived by the Participant during employment by Olin or the Affiliate, relating in any manner to the actual or anticipated business, research or development work of Olin or the Affiliate and shall do anything reasonably necessary to enable Olin or the Affiliate to secure a patent where appropriate in the United States and in foreign countries. 
 
		
	(b)
	Notwithstanding any other provision of the Plan, the Committee in its sole discretion may cancel any Award at any time prior to the exercise thereof, if the employment of the Participant shall be terminated, other than by reason of death, unless the conditions in this Section 8 are met. 

 
		
	(c)
	Failure to comply with the conditions of this Section 8 prior to, or during the six months after, any exercise, payment or delivery pursuant to an Award shall cause the exercise, payment or delivery to be rescinded. Olin shall notify the Participant in writing of any such rescission within two years after such exercise payment or delivery and within 10 days after receiving such notice, the Participant shall pay to Olin the amount of any gain realized or payment received as a result of the exercise, payment or delivery rescinded. Such payment shall be made either in cash or by returning to Olin the number of Shares that the Participant received in connection with the rescinded exercise, payment or delivery. 

 
		
	(d)
	Upon exercise, payment or delivery pursuant to an Award, the Committee may require the Participant to acknowledge the terms and conditions of the Plan and to certify on a form acceptable to the Committee, that he or she is in compliance with the terms and conditions of the Plan. 

 
		
	(e)
	Nothing herein shall be interpreted to limit the obligations of a Participant under his or her employment agreement or any other agreement with Olin. 

 
Section 9. Change in Control. 
 
		
	(a)
	Notwithstanding any provision to the contrary in this Plan or any applicable Award Agreement and except as otherwise provided in this Section 9, all outstanding Options, Restricted Stock and other equity Awards held by Participant (other than any Performance Shares), regardless of whether granted before, at or after the Change in Control, shall not automatically become fully vested and immediately exercisable and, instead, each such Award shall continue to vest in accordance with its terms following a Change in Control. 

 
		
	(b)
	Except as the Board or the Committee may expressly provide otherwise prior to a Change in Control, in the event of a Qualifying Termination upon or following a Change in Control: 

 
(i) all Options and Stock Appreciation Rights then outstanding shall become immediately and fully exercisable, notwithstanding any provision therein for the exercise in installments; and 
 
(ii) all restrictions and conditions of all Restricted Stock then outstanding shall be deemed satisfied as of the date of the Qualifying Termination. 
 
Notwithstanding the foregoing sentence, unless provision is made in connection with a Change in Control for (i) assumption of such Awards or (ii) substitution of such Awards for new awards covering stock of a successor corporation or its “parent corporation” (as defined in Section 424(e) of the Code) or “subsidiary corporation” (as defined in Section 424(f) of the Code) with appropriate adjustments as to the number and kinds of shares and exercise prices (if applicable) that preserve the material terms and conditions of such Awards as in effect immediately prior to the Change in Control (including, without limitation, with respect to the vesting schedules, the intrinsic value of the Awards as of the Change in Control and transferability of the shares underlying such 

Awards), all such Awards shall become fully vested and immediately exercisable, as the case may be, as of immediately prior to the Change in Control. 
 
		
	(c)
	Notwithstanding anything in this Plan to the contrary, all Performance Shares held by the Participant on the date of the Change in Control shall become vested and deemed earned or satisfied in full, notwithstanding that the applicable performance cycle, retention cycle or restriction conditions shall not have been completed or met. Such Performance Shares shall be paid, cash units in cash and phantom stock units in the Shares represented thereby or such other securities, property or cash as may be deliverable in respect of Shares as a result of a Change in Control, to the Participant no later than ten (10) business days following such Change in Control. 

 
		
	(d)
	In the event that a Participant participates or agrees to participate by loan or equity investment (other than through ownership of less than 1% of publicly traded securities of another company) in a transaction which would result in an event described in subsections (i) or (ii) of the definition of Change in Control, Participant must promptly disclose such participation or agreement to Olin, and such transaction will not be considered a Change in Control with respect to Participant for purposes of this Plan. 

 
		
	(e)
	Following a Change in Control, no action shall be taken under the Plan that will cause any Award that has previously been determined to be (or is determined to be) subject to Code Section 409A to fail to comply in any respect with Code Section 409A without the written consent of Participant. 

 
Section 10. Effective Date and Term. 
 
The Plan shall be effective as of the Effective Date and shall be unlimited in duration. In the event of a Plan termination, the Plan shall remain in effect as long as any Awards under it are outstanding; provided; however, that, to the extent required by the Code, no Incentive Stock Option may be granted under the Plan on a date that is more than ten years from the date the Plan is adopted.

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