Document:

Promissory Note

 Exhibit 4.2 
 DAIS ANALYTIC CORPORATION 
 10% Promissory Note 

  

			
	Issuance Date:	 	February 19, 2010
		
	Principal Amount:	 	Two Hundred and Fifty Thousand Dollars ($250,000)

 DAIS ANALYTIC CORPORATION, a New York corporation (the “Maker”), hereby promises to pay to the order of Leah Kaplan-Samuels and Leonard Samuels JTWROS, currently residing at 1011 Centennial Road, Penn Valley, PA
10972 (together with its successors, representatives, and permitted assigns, the “Holder”), in accordance with the terms hereinafter provided, the principal amount of TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($250,000), together with
interest thereon. 
 All payments under or pursuant to this Note shall be made in United States Dollars in immediately available
funds to the Holder at the address of the Holder first set forth above or at such other place as the Holder may designate from time to time in writing to the Maker or by wire transfer of funds to the Holder’s account, as requested by the
Holder. The outstanding principal balance of this Note, together with all accrued and unpaid interest, shall be due and payable in full on June 31, 2010 (the “Maturity Date” ) or at such earlier time as provided herein.

 ARTICLE I PAYMENT 
 Section 1.1 Interest. Beginning on the earlier of the date of this Note (the “Issuance Date”) or first day following receipt by Company of the principal amount, the
outstanding principal balance of this Note shall bear interest at a rate per annum equal to ten percent (10%), payable on the Maturity Date. Interest shall be computed on the basis of a 360-day year simple interest basis, and shall accrue commencing
on the earlier of the Issuance Date or the first day following receipt by Company of the principal amount and shall be paid on the Maturity Date along with the principal. 
 Section 1.2 Payment of Principal; Prepayment. The Principal Amount hereof shall be paid in full on the earliest of (i) the Maturity Date, (ii) the due date of any mandatory
prepayment as set forth herein, or (iii) upon acceleration of this Note in accordance with the terms hereof. Any amount of principal repaid hereunder may not be reborrowed. The Maker may prepay all or any portion of the principal amount of this
Note without premium or penalty. 
 Section 1.3 Seniority. The Note shall be unsecured, and shall be “pari
passu” with all other existing notes. The Maker may not make any payments to any future Noteholders at such time as an Event of Default under this Note exists. 
 Section 1.4 Payment on Non-Business Days. Whenever any payment to be made shall be due on a Saturday, Sunday or a public holiday under the laws of the State of New York, such payment may be
due on the next succeeding business day and such next succeeding day shall be included in the calculation of the amount of accrued interest payable on such date. 
 Section 1.5 Use of Proceeds. The Maker shall use the proceeds of this Note for general working capital, including inventory, additional people, an awareness program about the Company to the
financial community, and to restructure or repay outstanding debt as it sees appropriate. 
 Section 1.6 Right of
Participation. 
 (a) From the date hereof through the Maturity Date, upon any issuance by Maker for cash consideration of
common stock, debentures, notes, evidences of indebtedness or any equity or debt security convertible into common stock (a “Subsequent Financing”), the Holder shall have the option to participate in such Subsequent Financing, up to the
dollar amount as was invested by the Holder hereunder, on the same price, terms and conditions provided for in the Subsequent Financing, by investing additional funds on the terms of such Subsequent Financing. Notwithstanding the foregoing, in the
event the Maker has

  

					
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	DAIS ANALYTIC CORPORATION - CONFIDENTIAL	  	February 2010

 
paid any portion of this Note to Holder prior to such Subsequent Financing, such Holder’s participation in any Subsequent Financing shall be reduced by the dollar amount previously paid by
Maker to Holder. 
 (b) At least five (5) Trading Days prior to the closing of the Subsequent Financing, the Maker shall
deliver to the Holder a written notice of its intention to effect a Subsequent Financing (“Pre-Notice”), which Pre-Notice shall ask the Holder if Holder wants to review the details of such financing (such additional notice, a
“Subsequent Financing Notice”), contingent upon Holder agreeing to a reasonable and typical non-disclosure agreement provided by the Maker if such information would constitute material non-public information. Upon the request of the
Holder, and only upon a request by the Holder, for a Subsequent Financing Notice, the Maker shall promptly deliver a Subsequent Financing Notice to the Holder. The Subsequent Financing Notice shall describe in reasonable detail the proposed terms of
such Subsequent Financing, the amount of proceeds intended to be raised there under and the person or persons through or with whom such Subsequent Financing is proposed to be effected and shall include a term sheet or similar document relating
thereto as an attachment. 
 (c) The Holder desiring to participate in such Subsequent Financing must provide written notice to
the Maker by not later than 5:30 p.m. (New York City time) on the fifth (5th) Trading Day after receipt of the Pre-Notice that the Holder is willing to participate in the Subsequent Financing. If the Maker receives no such notice from Holder as
of such fifth (5th) Trading Day, the Holder shall be deemed to have notified the Maker that it does not elect to participate. 
 Section 1.7 Future Debt Financing. The Maker hereby agrees that it will not incur any additional debt exceeding $1,150,000 in the aggregate, during the term of this Note, provided however, the Holder may waive this provision at
the Holder’s discretion. 
 ARTICLE II 
 EVENTS OF DEFAULT; REMEDIES 
 Section 2.1 Events of Default.
The occurrence of any of the following events shall be an “Event of Default” under this Note: 
 (a) any
default in the payment of (1) the principal amount hereunder when due, or (2) interest on, or liquidated damages in respect of, this Note, within three (3) business days after the same shall become due and payable (whether on the
Maturity Date or by acceleration or otherwise); or 
 (b) the Maker shall fail to observe or perform any other covenant or
agreement contained in this Note, which failure is not cured, if possible to cure, within 60 calendar days after notice of such default sent by the Holder; or 
 (c) the Maker issues, assumes or permits to exist additional debt, excluding any debt existing on the date hereof, that is senior to in payment or security to this Note; or 
 (d) any material representation or warranty made by the Maker herein or otherwise to Holder shall prove to have been false or incorrect or
breached in a material respect on the date as of which made; or 
 (e) the Maker shall (A) default in any payment of any
amount or amounts of principal of or interest on any indebtedness (other than the indebtedness hereunder) the aggregate principal amount of which indebtedness is in excess of $50,000 or (B) default in the observance or performance of any other
agreement or condition relating to any indebtedness, that, in the aggregate, exceeds $100,000, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders
or beneficiary or beneficiaries of such indebtedness to cause with the giving of notice if required, such Indebtedness to become due prior to its stated maturity; provided, that, any default or event of default with respect to the indebtedness
described on Schedule A hereto shall not be deemed an Event of Default hereunder unless or until any holder of such indebtedness shall have taken any legal action to enforce their rights under such indebtedness or any instruments granting the
holders of such indebtedness security or other rights with respect thereto (including judicial or non judicial foreclosure or the filing of any suits to enforce or seek damages in respect of any such indebtedness and/or agreements); or 

 

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 (f) the Maker shall (i) apply for or consent to the appointment of, or the taking of
possession by, a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its property or assets, (ii) make a general assignment for the benefit of its creditors, (iii) commence a voluntary case under the
United States Bankruptcy Code (as now or hereafter in effect) or under the comparable laws of any jurisdiction (foreign or domestic), (iv) file a petition seeking to take advantage of any bankruptcy, insolvency, moratorium, reorganization or
other similar law affecting the enforcement of creditors’ rights generally, (v) acquiesce in writing to any petition filed against it in an involuntary case under United States Bankruptcy Code (as now or hereafter in effect) or under the
comparable laws of any jurisdiction (foreign or domestic), (vi) issue a notice of bankruptcy or winding down of its operations or issue a press release regarding same, or (vii) take any action under the laws of any jurisdiction (foreign or
domestic) analogous to any of the foregoing; or 
 (g) a proceeding or case shall be commenced in respect of the Maker, without
its application or consent, in any court of competent jurisdiction, seeking (i) the liquidation, reorganization, moratorium, dissolution, winding up, or composition or readjustment of its debts, (ii) the appointment of a trustee, receiver,
custodian, liquidator or the like of it or of all or any substantial part of its assets in connection with the liquidation or dissolution of the Maker or (iii) similar relief in respect of it under any law providing for the relief of debtors,
and such proceeding or case described in clause (i), (ii) or (iii) shall continue undismissed, or unstayed and in effect, for a period of thirty (30) days or any order for relief shall be entered in an involuntary case under United
States Bankruptcy Code (as now or hereafter in effect) or under the comparable laws of any jurisdiction (foreign or domestic) against the Maker or action under the laws of any jurisdiction (foreign or domestic) analogous to any of the foregoing
shall be taken with respect to the Maker and shall continue undismissed, or unstayed and in effect for a period of thirty (30) days. 
 Section 2.2 Remedies Upon An Event of Default. If an Event of Default shall have occurred and continues, the Holder of this Note may after 60 calendar days notice from the Holder to the Maker
(other than in the case of (e), (f) and (g) above, which shall require no such notice), at any time thereafter, at its option, declare the entire unpaid principal balance of this Note, together with all interest accrued hereon, due and
payable, and thereupon, the same shall be accelerated and so due and payable, without presentment, demand, protest, or notice, all of which are hereby expressly unconditionally and irrevocably waived by the Maker. Upon an Event of Default, the
Holder may proceed to exercise all rights and remedies at law or equity. The remedies provided in this Note shall be cumulative and in addition to all other remedies available under this Note, at law or in equity (including, without limitation, a
decree of specific performance and/or other injunctive relief), no remedy contained herein shall be deemed a waiver of compliance with the provisions giving rise to such remedy. This Note shall be deemed an unconditional obligation of Maker for the
payment of money and, without limitation to any other remedies of Holder, may be enforced against Maker by summary proceeding pursuant to New York Civil Procedure Law and Rules Section 3213 or any similar rule or statute in the jurisdiction
where enforcement is sought. For purposes of such rule or statute, any other document or agreement to which Holder and Maker are parties or which Maker delivered to Holder, which may be convenient or necessary to determine Holder’s rights
hereunder or Maker’s obligations to Holder are deemed a part of this Note, whether or not such other document or agreement was delivered together herewith or was executed apart from this Note. 
 Section 2.3 Additional Remedy Upon Non-Payment. If this Note is not paid in full on or before June 31, 2010, the Holder
shall be permitted, at its sole option and in addition to its other remedies hereunder, to convert the principal and interest outstanding under this Note into any debt, equity or equity-linked security issued by the Maker in connection with any
capital-raising issuance after the date hereof and prior to the date this Note is paid in full on the terms and conditions of such offering, if any, it being understood that (i) nothing in this Section 2.3 shall be deemed to prohibit the
Maker from prepaying the Note pursuant to Section 1.2 hereof and (ii) in connection with any such conversion, the security issued to the Holder shall contain customary 9.9% beneficial ownership limitations in form and substance
satisfactory to the Holder. 
  

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 ARTICLE III 
 MISCELLANEOUS 
 Section 3.1 Notices. Any notice, demand,
request, waiver or other communication required or permitted to be given hereunder shall be in writing and shall be effective (a) upon hand delivery, telecopy or facsimile (with confirmation of receipt) at the address or number set forth on the
signature page hereto (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where
such notice is to be received) or (b) on the second business day following the date of mailing by express overnight courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.

 Section 3.2 Governing Law. This Note shall be governed by and construed in accordance with the internal laws of
the State of New York, without giving effect to any of the conflicts of law principles which would result in the application of the substantive law of another jurisdiction. This Note shall not be interpreted or construed with any presumption against
the party causing this Note to be drafted. 
 Section 3.3 Headings. Article and section headings in this Note are
included herein for purposes of convenience of reference only and shall not constitute a part of this Note for any other purpose. 
 Section 3.4 Binding Effect; Amendments. The obligations of the Maker and the Holder set forth herein shall be binding upon the successors and assigns of each such party. This Note may not be modified or amended in any manner
except in writing executed by the Maker and the Holder. 
 Section 3.5 Consent to Jurisdiction. Each of the Maker
and the Holder (i) hereby irrevocably submits to the exclusive jurisdiction of the United States District Court sitting in the Southern District of New York and the courts of the State of New York located in New York county for the purposes of
any suit, action or proceeding arising out of or relating to this Note and (ii) hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such court, that
the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding is improper. Each of the Maker and the Holder consents to process being served in any such suit, action or proceeding by mailing a
copy thereof to such party at the address in effect for notices hereunder and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing in this Section shall affect or limit any right to serve
process in any other manner permitted by law. 
 Section 3.6 Failure or Indulgence Not Waiver. No failure or delay
on the part of the Holder in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of
any other right, power or privilege. 
 Section 3.7 Maker Waivers; Dispute Resolution. Except as otherwise
specifically provided herein, the Maker and all others that may become liable for all or any part of the obligations evidenced by this Note, hereby waive presentment, demand, notice of nonpayment, protest and all other demands’ and notices in
connection with the delivery, acceptance, performance and enforcement of this Note, and do hereby consent to any number of renewals of extensions of the time or payment hereof and agree that any such renewals or extensions may be made without notice
to any such persons and without affecting their liability herein and do further consent to the release of any person liable hereon, all without affecting the liability of the other persons, firms or Maker liable for the payment of this Note.

 (a) No delay or omission on the part of the Holder in exercising its rights under this Note, or course of conduct relating
hereto, shall operate as a waiver of such rights or any other right of the Holder, nor shall any waiver by the Holder of any such right or rights on any one occasion be deemed a waiver of the same right or rights on any future occasion. 

(b) THE MAKER ACKNOWLEDGES THAT THE TRANSACTION OF WHICH THIS NOTE IS A PART IS A COMMERCIAL TRANSACTION 
  

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 Section 3.8 Fees and Expenses. The Maker will pay on demand all reasonable costs
of collection and attorneys’ fees paid or incurred by the Holder in enforcing the obligations of the Maker. The Maker represents and warrants that this Note is the legal, valid and binding obligation of the Maker, enforceable in accordance with
its terms. 
 [Signatures on the following page] 
  

					
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	DAIS ANALYTIC CORPORATION - CONFIDENTIAL	  	February 2010

 IN WITNESS WHEREOF, the Maker has caused this Note to be duly executed by its duly
authorized officer as of the date first above indicated. 
  

			
	DAIS ANALYTIC CORPORATION
		
	By:	 	 /s/ Timothy N. Tangredi

		
	Name:	 	Timothy N. Tangredi
		
	Title:	 	President and Chief Executive Officer

  

	
	HOLDERS
	
	 /s/ Leah Kaplan-Samuels

	
	Leah Kaplan-Samuels
	
	 /s/Leonard Samuels

	
	Leonard Samuels

  

					
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	DAIS ANALYTIC CORPORATION - CONFIDENTIAL	  	February 2010

								
	 	  	SCHEDULE A	  	 
	 Debt type
	  	Holder	  	Principal	  	Date of Note
				
	 Secured convertible
	  	RP Capital	  	$	100,000	  	01/21/08
				
	 Secured convertible
	  	Mora, Bruce	  	$	50,000	  	12/20/07
				
	 Secured convertible
	  	Stone, Michael	  	$	180,000	  	12/11/07
				
	 10% Promissory Note
	  	Platinum-Montaur
Life Sciences,
LLC	  	$	1,000,000	  	12/17/09

  

					
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	DAIS ANALYTIC CORPORATION - CONFIDENTIAL	  	February 2010CEO Severence agreement between the Registrant and E.V. Goings

 Exhibit 10.8 
 Chief Executive Officer Severance Agreement 
 Tupperware Brands Corporation 
 THIS EXECUTIVE SEVERANCE AGREEMENT is made, entered into,
and is effective this 1st day of June 2003 (the “Effective Date”), and is amended and restated as of the 17th day of February 2010, by and between Tupperware Brands Corporation (the “Company”), a Delaware corporation,
and E.V. Goings (the “Executive”). 
 WHEREAS, the Executive is currently employed by the Company as its Chief
Executive Officer; and 
 WHEREAS, the Executive possesses considerable experience and knowledge of the business and affairs of
the Company concerning its policies, methods, personnel, and operations; and 
 WHEREAS, the Company is desirous of assuring,
insofar as possible, that it will continue to have the benefit of the Executive’s services, and the Executive is desirous of having such assurances; and 
 WHEREAS, the Board has determined that the appropriate steps should be taken to reinforce and encourage the continued dedication of the Executive to managing the Company. 
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements of the parties set forth in this Agreement, and
of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 
 Article 1. Definitions 
 Wherever used in this Agreement, the following
terms shall have the meanings set forth below and, when the meaning is intended, the initial letter of the word is capitalized: 
  

	 	(a)	“Agreement” means this Chief Executive Officer Severance Agreement. 

  

	 	(b)	“Base Salary” means, at any time, the then regular annual rate of pay which the Executive is receiving as annual salary, excluding amounts:
(i) received under short-or long-term incentive or other bonus plans, regardless of whether or not the amount are deferred, or (ii) designated by the Company as payment toward reimbursement of expenses. 

  

	 	(c)	“Board” means the Board of Directors of the Company. 

  

	 	(d)	“Cause” means: 

  

	 	(i)	The willful and continued failure of the Executive to perform substantially the Executive’s duties with the Company or one of its affiliates (other than any such
failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Executive by the Board which specifically identifies the manner in which the Board believes that the
Executive has not substantially performed the Executive’s duties; 

  

	 	(ii)	The willful engaging by the Executive in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Company; 

  

	 	(iii)	The willful violation of the Executive of any of the restrictive covenants contained in Article 6; or 

  

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	 	(iv)	Conviction of, or a plea of nolo contendere to, a felony. 

 For purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or
without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of
counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. The Separation from Service of the Executive shall not be deemed to be for Cause
unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters (3/4) of the entire membership of the Board at a meeting of the Board called and held
for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with counsel, to be heard before the Board), finding that, in the good faith opinion of the Board, the Executive is guilty of
the conduct described in any one of subparagraphs (i), (ii), (iii), or (iv) above, and specifying the particulars thereof in detail. 
  

	 	(e)	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	(f)	“Company” means Tupperware Brands Corporation, a Delaware corporation, or any successor thereto as provided in Article 8. 

  

	 	(g)	“Disability” shall have the meaning ascribed to such term in the Company’s governing long-term disability plan, or if no such plan exists, shall
have such meaning as defined by the Board. 

  

	 	(h)	“Effective Date” means the date specified in the opening sentence of this Agreement, and the amendment is effective on February 17, 2010.

  

	 	(i)	“Effective Date of Termination” means the date on which Executive has an involuntary Separation from Service without Cause by the Company or the
Executive Separates from Service with Good Reason. 

  

	 	(j)	“Good Reason” means, without the Executive’s express written consent, the occurrence of any one or more of the following:

  

	 	(i)	A material diminution in the nature or status of the Executive’s authorities, duties, or responsibilities as Chief Executive Officer. 

  

	 	(ii)	The Company’s requiring the Executive to be based at a location in excess of thirty-five (35) miles from the location of the Executive’s principal job
location or office as of the Effective Date; except for required travel on the Company’s business to an extent substantially consistent with the Executive’s then present business travel obligations; 

  

	 	(iii)	A material reduction by the Company of the Executive’s Base Salary in effect on the Effective Date hereof, or as the same shall be increased from time to time.

  

	 	(iv)	 The failure of the Company to continue in effect any of the Company’s short- and long-term incentive compensation plans, or employee benefit or
retirement plans, policies, practices, or other compensation arrangements in which the Executive participates unless such failure to continue the plan,

  

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policy, practice, or arrangement pertains to all plan participants generally; or the failure by the Company to continue the Executive’s participation therein on substantially the same basis,
both in terms of the amount or benefits provided and the level of the Executive’s participation relative to other participants; and 

  

	 	(v)	The failure of the Company to obtain a satisfactory agreement from any successor to the Company to assume and agree to perform the Company’s obligations under this
Agreement, as contemplated in Article 8, and 

  

	 	(vi)	Any other action or inaction that constitutes a material breach by the Company under the employment agreement between the Executive and the Company.

 Notwithstanding anything to the contrary in this Agreement, the removal of the Executive as Chairman of the
Board shall not constitute Good Reason. The Executive’s right to terminate employment for Good Reason shall not be affected by the Executive’s incapacity due to physical or mental illness. The Executive’s continued employment shall
not constitute consent to, or a waiver of rights with respect to, any circumstance constituting Good Reason. 
  

	 	(k)	“Separation from Service” means a separation from service with the Company within the meaning of Treasury Regulation § 1.409A-1(i), and the words
“Separate from Service” or “Separates from Service” refer to the action taken by either the Executive or the Company that constitutes a Separation from Service with the Company. 

  

	 	(l)	“Severance Benefits” mean the payments and benefits as provided in Section 3.1. 

 Article 2. Term of Agreement 
 This Agreement will commence on the Effective Date, and shall continue in effect irrevocably for three (3) full calendar years. However, at the end of the first year of such three (3) year period, this Agreement shall be extended
automatically for one (1) additional year, unless the Company notifies the Executive in writing, prior to the occurrence of the automatic extension, that the term of this Agreement will not be extended. Moreover, upon the end of each subsequent
year, this Agreement shall also be extended automatically for one (1) additional year, unless the Company otherwise notifies the Executive in writing prior to the occurrence of such automatic extension. In the case where the Company properly
notifies the Executive that the Agreement will no longer be extended, the Agreement will terminate at the end of the term, or extended term, then in progress. 
 Article 3. Severance Benefits 
 3.1 Separation from Service without Cause
or for Good Reason. In the event the Company causes the Executive involuntarily to Separate from Service without Cause or the Executive Separates from Service with Good Reason within two years of the initial existence of one or more conditions
that constitute Good Reason, the Company shall pay to the Executive and provide him with total Severance Benefits equal to all of the following: 
  

	 	(a)	A lump-sum amount equal to the Executive’s unpaid Base Salary, accrued vacation pay, unreimbursed business expenses, and all other items earned by and owed to the
Executive through and including the Effective Date of Termination. 

  

	 	(b)	 A lump-sum amount equal to the Executive’s annual bonus amount for the bonus plan year in which the Executive’s Effective Date of Termination
occurs that the Executive would have earned had he remained employed through the end of such bonus plan year (and employed through such other period as may be required under the annual bonus plan in order for the Executive to be vested in such
annual bonus amount),

  

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multiplied by a fraction, the numerator of which is the number of days in the bonus plan year through the Effective Date of Termination and the denominator of which is three hundred and
sixty-five (365). This payment will be in lieu of any other payment to be made to the Executive under the annual bonus plan in which the Executive is then participating for that bonus plan year (except as provided in Section 3.1(c) below).

  

	 	(c)	A lump-sum amount equal to two (2) multiplied by the sum of : (i) the Executive’s highest annual rate of Base Salary in effect during the twelve
(12) months preceding the Executive Date of Termination, and (ii) the Executive’s highest annual target bonus in effect during the twelve (12) months preceding the Executive’s Effective Date of Termination. Such amount shall
be paid regardless of actual performance under the annual bonus plan. 

  

	 	(d)	All long-term incentive awards shall be subject to the treatment provided under the applicable long-term incentive plans and/or the applicable award agreements
thereunder, unless determined otherwise by the Board in its discretion. 

  

	 	(e)	A continuation for a twenty-four (24) month period of the Executive’s medical insurance and dental insurance coverage (including family coverage if
applicable). These benefits shall be provided by the Company to the Executive beginning immediately upon the Executive’s Effective Date of Termination. Such benefits shall be provided to the Executive at the same coverage level (with all
premium costs borne by the Company) as in effect as of the Executive’s Effective Date of Termination for a period of twenty-four (24) months following the Executive’s Effective Date of Termination. 

 Notwithstanding the above, these medical and dental insurance benefits shall be discontinued prior to the end of the
twenty-four (24) month continuation period in the event the Executive receives substantially similar benefits from a subsequent employer, as determined solely by the Company in good faith. However, if the benefits received from the subsequent
employer do not cover the preexisting medical conditions of the Executive or a covered member of the Executive’s family, the continuation period shall continue, but not beyond the twenty-fourth (24th) month following the Executive’s Effective Date of
Termination. For purposes of enforcing this offset provision, the Executive shall have a duty to keep the Company informed as to the terms and conditions of any subsequent employment and the corresponding benefits earned from such employment and
shall provide, or cause to provide, to the Company in writing correct, complete, and timely information concerning the same. 
  

	 	(f)	For a period of up to twenty-four (24) months following the Executive’s Effective Date of Termination, the Executive shall be entitled, at the expense of the
Company, to receive standard outplacement services from a nationally recognized outplacement firm of the Executive’s selection. However, the Company’s total obligation shall not exceed seventy-five thousand dollars ($75,000).

 3.2. Separation from Service Due to Disability. The Executive’s benefits shall be determined in
accordance with the Company’s retirement, insurance, and other applicable plans and programs then in effect if the Executive Separates from Service due to Disability. 
 3.3. Separation from Service Due to Retirement or Death. The Executive’s benefits shall be determined in accordance with the
Company’s retirement, survivor’s benefits, insurance, and other applicable programs then in effect, if the Executive’s employment with the Company is terminated by reason of his voluntary normal retirement (as defined under the then
established rules of the Company’s tax-qualified retirement plan) or death. 
  

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 3.4. Separation from Service for Cause or by the Executive Other Than for Good
Reason. If the Company causes the Executive to Separate from Service for Cause or the Executive Separates from Service voluntarily other than for Good Reason, the Company shall pay the Executive his full Base Salary at the rate then in effect,
accrued vacation, and other items earned by and owed to the Executive through the Effective Date of Termination, plus all other amounts to which the Executive is entitled under any compensation plans of the Company at the time such payments are due,
and the Company shall have no further obligations to the Executive under this Agreement. 
 3.5. Notice of Termination.
If the Company causes the Executive to Separate from Service for Cause or the Executive intends to Separate from Service for Good Reason, notice thereof shall be communicated by Notice of Termination to the other party. The Executive shall
provide the Notice of Termination within the 90-day period beginning on the first day the Good Reason exists and the Company shall have a period of 30 days during which it may remedy the condition that gives rise to the Good Reason. If the Company
remedies the condition, no payment is due to the Executive solely because of the initial existence of the condition. For purposes of this Agreement, a “Notice of Termination” shall mean a written notice which shall indicate the specific
provision in this Agreement relied upon, and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for the Executive’s Separation from Service under the provision so indicated. 
 Article 4. Form and Timing of Severance Benefits 
 4.1. Form and Timing of Severance Benefits. The Severance Benefits described in Sections 3.1(a) and 3.1(c) shall be paid in cash to the Executive in a single lump sum as soon as practicable
following the Effective Date of Termination, but in no event beyond ten (10) calendar days from such date, except that any payment pursuant to Section 3.1(b) that the Executive may be entitled to shall be made at the same time as any such
annual bonus payment for such bonus plan year would have been made absent the Executive’s Separation from Service. Notwithstanding the preceding sentence, if the Executive is a specified employee under the Company’s Specified Employee
Policy on the Effective Date of Termination, then any payments pursuant to paragraphs (a), (b), (c) and (d) of Section 3.1 that are in excess of two times the compensation limit of Section 401(a)(17) of the Code shall not be
paid, or commence to be paid, until the later of (i) 18 months after February 17, 2010 and (ii) six months after the Effective Date of Termination. 
 4.2. Withholding of Taxes. The Company shall withhold from any amounts payable under this Agreement all federal, state, city or other taxes as legally shall be required. 
 Article 5. The Company’s Payment Obligation 
 5.1. Payment Obligations Absolute. The Company’s obligation to make the payments and the arrangements provided for herein shall be absolute and unconditional, and shall not be affected by any
circumstances including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall be paid without notice or
demand. Each and every payment made hereunder by the Company shall be final, and the Company shall not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever.

 The Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under
any provision of this Agreement, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligation to make the payments and arrangements required to be made under this Agreement, except to the
extent provided in Section 3.1(e). 
 5.2. Contractual Rights to Benefits. This Agreement establishes and vests in
the Executive a contractual right to the benefits to which he is entitled hereunder. However, nothing herein contained shall require or be deemed to require, or prohibit or be deemed to prohibit, the Company to segregate, earmark, or otherwise set
aside any funds or other assets, in trust or otherwise, to provide for any payments to be made or required hereunder. 
  

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 Article 6. Restrictive Covenants 
 6.1. Disclosure of Information. Without the prior written consent of the Company, or unless required by law or legal process, the
Executive shall not, at any time (whether during the term of this Agreement or thereafter), directly or indirectly, use, attempt to use, disclose, or otherwise make known to any person or entity (other than the Board): 
  

	 	(a)	Any confidential or proprietary knowledge or information, including without limitation, lists of customers or suppliers, trade secrets, know-how, inventions,
discoveries, processes, and systems, as well as any data and records pertaining thereto, which the Executive may acquire in the course of his employment. 

  

	 	(b)	Any confidential or proprietary knowledge or information of a confidential nature (including, but not limited to, all unpublished matters) relating to, without
limitation, the business, properties, accounting, books and records, computer systems and programs, trade secrets, or memoranda of the Company. 

 6.2. Noncompetition. Without the prior written consent of the Company, during the term of this Agreement and for a period of twenty-four (24) calendar months after the Executive’s
Separation from Service for any reason, the Executive shall not, directly or indirectly, whether as an owner, general partner, officer, employee, consultant, director, stockholder, or otherwise, (a) engage in any business that competes with the
Company, as such business is then conducted by the Company and in such geographies as the Company then operates, for the Executive’s own account; (b) render any services to any entity, firm, or person (other than the Company) engaged in
such activities; or (c) become interested in any such entity, firm, or person (other than the Company) as a partner, shareholder, principal, agent, consultant, or in any other relationship or capacity; provided, however, that notwithstanding
the above, the Executive may own, directly or indirectly, solely as an investment, securities of any such entity that are traded on any national securities exchange or NASDAQ if the Executive: (i) is not a controlling person of, or a member of
a group which controls, such entity, and (ii) does not, directly or indirectly, own two percent (2%) or more of any class of securities of such entity. 
 6.3. Nonsolicitation. Without the prior written consent of the Company, during the term of this Agreement and for a period of twenty-four (24) calendar months after the Executive’s
Separation from Service for any reason, the Executive shall not, directly or indirectly, employ or retain or solicit for employment or solicit to provide services or arrange to have any other person, firm, or other entity employ or retain or solicit
for employment or solicit to provide services, or otherwise participate in the employment or retention of any person who is an employee, consultant, or independent contractor of the Company. 
 6.4. Nondisparagement. At any time (whether during the term of this Agreement or thereafter), the Executive shall not make any
statements, whether written or oral, or take any other action relating to the Company or its officers or directors that would disparage or otherwise harm the Company, its business, or its reputation. Likewise, the Company will not make any
statements, whether written or oral, or take any other action relating to the Executive that would disparage or otherwise harm the Executive or his reputation. 
 6.5. Acknowledgement of Covenants. The parties hereto acknowledge that the Executive’s services are of a special, extraordinary, and intellectual character which give him unique value, and
that the business of the Company and its subsidiaries is highly competitive, and that violation of any of the covenants provided in this Article 6 would cause immediate, immeasurable, and irreparable harm, loss, and damage to the Company not
adequately compensable by a monetary award. The Executive further acknowledges that he and the Company have negotiated and bargained for the terms of this Agreement and that the Executive has received adequate consideration for entering into this
Agreement. 
  

 6 

 In the event of any such breach or threatened breach by the Executive of any one or more of
the covenants contained in this Article 6, the Company shall be entitled to such equitable and injunctive relief as may be available to restrain the Executive from violating the provisions hereof. Nothing herein shall be construed as prohibiting the
Company from pursuing any other remedies available at law or in equity for such breach or threatened breach, including the recovery of damages and the immediate termination of the employment of the Executive hereunder. 
 6.6. Enforceability. If any court determines that the foregoing covenant, or any part thereof, in unenforceable because of the
duration or geographical scope of such provision, or for any other reason, the duration or scope of such provision, as the case may be, shall be reduced so that such provision becomes enforceable and, in its reduced form, such provision shall then
be enforceable and shall be enforced. 
 Article 7. Legal Remedies 
 7.1. Dispute Resolution. The Company and the Executive shall each have the right and option to elect to have any good faith dispute or
controversy arising under or in connection with this Agreement settled by litigation or arbitration. If arbitration is selected, such proceeding shall be conducted by final and binding arbitration before a panel of three (3) arbitrators in
accordance with the laws and under the administration of the American Arbitration Association. 
 7.2. Payment of Legal Fees.
In the event that it shall be necessary or desirable for the Executive to retain legal counsel and/or to incur other costs and expenses in connection with the enforcement of any or all of his rights under this Agreement, the Company shall pay
(or the Executive shall be entitled to recover from the Company), the Executive’s attorneys’ fees, costs, and expenses in connection with a good faith enforcement of his rights including the enforcement of any arbitration award. This shall
include, without limitation, court costs and attorneys’ fees incurred by the Executive as a result of any good faith claim, action, or proceeding, including any such action against the Company arising out of, or challenging the validity or
enforceability of, this Agreement or any provision hereof. Notwithstanding anything to the contrary in this Section 7.2, the Company shall not be required to pay any such costs or legal fees (and shall be entitled to reimbursement by the
Executive to the extent that any such fees and costs have been paid to you or on behalf of the Executive by the Company) if the final arbiter of a dispute between the Company and the Executive finds that the Executive’s claim was frivolous and
without merit. 
 Article 8. Successors 
 The Company shall require any successor (whether direct or indirect, by purchase, merger, reorganization, consolidation, acquisition of property or stock, liquidation, or otherwise) of all or a
significant portion of the assets of the Company by agreement, in form and substance satisfactory to the Executive, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required
to perform if no such succession and taken place. Regardless of whether such agreement is executed, this Agreement shall be binding upon any successor in accordance with the operation of law and such successor shall be deemed the “Company”
for purposes of this Agreement. 
 Article 9. Miscellaneous 
 9.1 Employment Status. This Agreement is not, and nothing herein shall be deemed to create, an employment contract between the Executive and the Company or any of its subsidiaries. Subject to the
terms of any employment contract between the Executive and the Company, the Executive acknowledges that the rights of the Company remain wholly intact to change or reduce at any time and from time to time his compensation, title, responsibilities,
location, and all other aspects of the employment relationship, or to discharge him at any time (subject to any such change, reduction, or discharge possibly entitling the Executive to the Severance Benefits pursuant to Section 3.1). 
 9.2 Entire Agreement. This Agreement contains the entire understanding of the Company and the Executive with respect to the subject
matter hereof. In addition, to the extent that

  

 7 

 
any Severance Benefits are provided to the Executive under this Agreement, such Severance Benefits shall reduce, on a dollar-for-dollar basis (or in the case of the benefits provided in
Section 3.1(c), a month-for-month basis), any severance benefits to which the Executive is entitled under any employment contract, severance agreement, policy, or program of the Company, including but not limited to, that certain Change in
Control Agreement between the Executive and the Company dated December 11, 2008, as may be amended from time to time. 
 9.3 Notices. All notices, requests, demands, and other communications hereunder shall be sufficient if in writing and shall be deemed to have been duly given if delivered by hand or if sent by registered or certified mail to the
Executive at the last address he has filed in writing with the Company or, in the case of the Company, at its principal offices. 
 9.4 Execution in Counterparts. This Agreement may be executed by the parties hereto in counterparts, each of which shall be deemed to be original, but all such counterparts shall constitute one and the same instrument, and all
signatures need not appear on any one counterpart. 
 9.5 Conflicting Agreements. The executive hereby represents and
warrants to the Company that his entering into this Agreement, and the obligations and duties undertaken by him hereunder, will not conflict with, constitute a breach of, or otherwise violate the terms of, any other employment or other agreement to
which he is a party, except to the extent any such conflicts, breach, or violation under any such agreement has been disclosed to the Board in writing in advance of the signing of this Agreement. 
 9.6 Severability. In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of the Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. Further, the captions of this Agreement are not part of the provisions
hereof and shall have no force and effect. Notwithstanding any other provisions of this Agreement to the contrary, the Company shall have no obligation to make any payment to the Executive hereunder to the extent, but only to the extent, that such
payment is prohibited by the terms of any final order of a federal or state court or regulatory agency of competent jurisdiction; provided, however, that such an order shall not affect, impair, or invalidate any provision of this Agreement not
expressly subject to such order. 
 9.7 Modification. No provision of this Agreement may be modified, waived, or
discharged unless such modification, waiver, or discharge is agreed to in writing and signed by the Executive and by a member of the Board, as applicable, or by the respective parties’ legal representative or successors. 
 9.8 Applicable Law. To the extent not preempted by the laws of the United States, the laws of the State of Delaware shall be the
controlling law in all matters relating to this Agreement, and without giving effect to principles of conflicts of laws. 
 9.9 Section 409A. The terms of this Agreement shall be interpreted to comply with the requirements of section 409A of the Code. If any payment provided by this Agreement may result in the application of the taxes under section
409A of the Code, then the Company shall, in consultation with the Executive, modify this Agreement to the extent permissible under section 409A of the Code (and rulings and other guidance published by the Internal Revenue Service interpreting
section 409A of the Code) as necessary either to exclude such payment from the definition of deferred compensation within the meaning of section 409A of the Code or to comply with the provisions of section 409A of the Code. 
  

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 IN WITNESS WHEREOF, the parties have executive this Agreement on this 17
th of February 2010. 
  

									
	ATTEST	 		 		 	Tupperware Brands Corporation
					
	By:	 	 /s/ Thomas M. Roehlk
	 		 	By:	 	 /s/ Anna Braungardt

		 	Corporate Secretary	 		 	Senior Vice President, Human Resources
					
		 		 		 	By:	 	 /s/ E.V. Goings

		 		 		 	E.V. Goings

  

 9

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