Document:

Separation and Release Agreement

 Exhibit 10.1 
 SEPARATION AND RELEASE AGREEMENT 
 This Separation and Release Agreement (“Agreement”) is
entered into as of the 5th day of August, 2008, by and between Lisa Meier (“Meier”), an individual, and Flotek Industries, Inc., a Delaware corporation (the “Company”). 
 WHEREAS, Meier is the Chief Financial Officer of the Company and its subsidiaries and is a director of the subsidiaries; and 
 WHEREAS, Meier and the Company have concluded that it is in their mutual best interests for Meier to separate from the Company and resign as the Chief
Financial Officer of the Company and its subsidiaries and as a director of the subsidiaries; 
 NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which is hereby expressly acknowledged, the undersigned parties agree as follows: 
 1.
Resignation Date. Meier hereby agrees to resign as the Chief Financial Officer of the Company and its subsidiaries and as a director of the subsidiaries, effective as of August 8, 2008 (the “Resignation Date”). 
 2. Compensation through Resignation Date, Severance Payments and Benefits. 
 (a) Within three (3) business days after the Resignation Date, the Company will pay Meier a cash payment equal to the sum of
(i) her regular salary through the Resignation Date and (ii) her accrued vacation benefits in the amount of $6730.77. 
 (b) Meier will be permitted at the cost of the Company to continue her individual coverage under the health insurance policies of the Company as required under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)
during any period subject to COBRA that she is not employed. 
 (c) In exchange for the promises of Meier contained in this
Agreement and the release of claims as set forth in Section 4 of this Agreement, the Company will pay Meier the following separate amounts: (i) $153,846.20 which shall be payable on or before March 15, 2009 as provided below in this
paragraph (c), which amount the parties agree shall be considered a short-term deferral subject to Q-4(c) of Notice 2005-1 issued by the Internal Revenue Service pursuant to Section 409A of the Internal Revenue Code of 1986 (the
“Code”) (the “Short-Term Deferral Payment”), and (ii) $96,153.80, which amount shall be payable subsequent to the date which is six months after the Resignation Date as provided below in this paragraph (c), which amount the
parties agree shall be considered subject to Section 409A(a)(2)(B)(i) of the Code (the “Six Month Deferral Amount”). The Short-Term Deferral Payment shall be payable in 16 equal bi-weekly payments in the amount of $9615.38, commencing
August 15, 2008, and ending on 

  

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March 13, 2009, with the last such payment being in the full amount of the remaining balance of the Short-Term Deferral Payment, and the Six Month
Deferral Amount shall be payable in 10 equal bi-weekly payments in the amount of $9615.38 commencing March 27, 2009. All separate installments payable pursuant to this Section shall be subject to withholding in accordance with law and the
Company’s payroll process and policies. 
 3. Equity Awards; Other Benefits. 
 (a) Meier and the Company agree that the grant to Meier of the options to acquire shares of the stock of the Company described on
Schedule C are “vested” to the extent provided on Schedule A and shall continue to be exercisable by Meier subsequent to the Resignation Date pursuant to the terms of the respective stock option agreements and the applicable stock option
plans of the Company pursuant to which such options were granted, whether the 2005 Long-Term Incentive Plan, the 2007 Long-Term Incentive Plan, or otherwise. All other grants by the Company to Meier of options or rights to acquire stock of the
Company shall terminate on the Resignation Date. 
 (b) 12,000 shares of the common stock of the Company issued pursuant to
the terms of the Restricted Stock Agreement between the Company and Meier dated July 24, 2007 have become vested pursuant to the terms of the Restricted Stock Agreement. Any other shares of the stock of the Company issued to Meier pursuant to
this Restricted Stock Agreement shall be considered terminated and forfeited as of the Resignation Date. 2760 shares of the common stock of the Company issued pursuant to the terms of the Restricted Stock Agreement between the Company and Meier
dated March 13, 2007 have become vested pursuant to the terms of the Restricted Stock Agreement. Any other shares of the stock of the Company issued to Meier pursuant to this Restricted Stock Agreement shall be considered terminated and
forfeited as of the Resignation Date. 
 (c) Meier shall not be entitled to coverage under any employee benefit plan of the
Company subsequent to the Resignation Date. The terms of this Agreement shall not affect in any respect the rights of Meier with respect to contributions or deferrals previously made by or with respect to Meier pursuant to the Section 401(k)
Plan of the Company, which shall be governed by the terms of such plan. Meier shall be entitled, to the extent the Section 401(k) Plan requires or permits, to participate in any contributions made by the Company to its Section 401(k) Plan
with respect to its employees generally for the year 2008. 
 4. Release by Meier. In consideration for the
Company’s promises in this Agreement, and the release by the Company in Section 5 of this Agreement, Meier voluntarily and knowingly waives, releases and discharges the Company, its subsidiaries and their direct and indirect affiliates,
and their respective successors, assigns, divisions, representatives, agents, 

  

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officers, directors, stockholders, and employees, from any claims, demands and/or causes of action whatsoever, presently known or unknown, that are based
upon facts occurring on or prior to the date of this Agreement, including but not limited to, the following: (a) any statutory claims under the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the
Family and Medical Leave Act of 1993, the Civil Rights Acts of 1964 and 1991, the Employee Retirement Security Act, or other U.S. (federal, state or local) or international laws, (b) any tort or contract claims, (c) any claims for any type
of compensation or severance payment, except as set forth in this Agreement, (d) any claims for options or rights to acquire stock or the issuance or right to retain of restricted stock, except as set forth in this Agreement, and/or
(e) any claims, matters or actions related to Meier’s employment and/or affiliation with, or separation from, the Company. Such release does not, however, reach the Company’s obligations under this Agreement or Ms. Meier’s
vested benefits, which consist solely of her benefits in the Company’s Section 401(k) Plan, or the Company’s obligations with respect to indemnification, contribution, or a defense of Ms. Meier pursuant to Article VI of the
Bylaws of the Company or pursuant to law, nor her coverage under existing directors and officers or general liability insurance coverage pursuant to the terms thereof, her rights as a shareholder or her right to any unpaid business or travel
expenses, pursuant to Company procedures, none of which is hereby released but all of which is hereby preserved. 
 5. Release by the
Company. For and in consideration of the above described consideration, the Company does hereby voluntarily and knowingly waive, discharge and release Meier and her heirs, executors and administrators from any claims, demands, and/or causes of
action of the Company or its subsidiaries whatsoever, presently known or unknown, that are based upon facts occurring on or prior to the date of execution of this Agreement, including but not limited to any claim, matter or action related to
Meier’s employment and/or affiliation with, or separation from, the Company. Such release does not, however, reach Meier’s obligations under this Agreement or with respect to the payment of withholding taxes, neither of which are released
but are hereby preserved. 
 6. No Assignment of Claims. The Company and Meier each represents and warrants to the other that it or
she has not made any assignment and will make no assignment of any of the claims which are purported to be released and discharged by this Agreement. 
 7. Return of Company Property. On or before the Resignation Date, Meier agrees to return to the Company all of the property of the Company in her possession, including, but not limited to, financial statements,
accounting statements, bank account information, customer information, automobile and all of the tangible and intangible property belonging to the Company and relating to her employment with the Company. Meier further represents and warrants that
she will not retain any copies, electronic or otherwise, of such property. 
  

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 8. Covenants. 
 (a) Meier will faithfully and promptly perform all of her duties as Chief Financial Officer of the Company and the subsidiaries and as
director of the subsidiaries during the period beginning on the date hereof and ending on and including the Resignation Date, and in connection therewith shall perform the usual and customary duties of such office which are normally inherent in such
capacity in U.S. publicly traded corporations of similar size and character as the Company, including, participating in earnings calls and completing the preparation of the Form 10-Q and related financial statements for the second quarter of 2008 in
accordance with the calendar established by the Company for the completion of such process. 
 (b) Meier will cooperate fully
with the Company after the Resignation Date in its defense of or other participation in any administrative, judicial or other proceeding arising from any charge, complaint or other action which has been or may be filed against the Company; provided,
however, that this obligation shall be subject to her superior obligation to any subsequent employer or prior personal commitments such as vacations and subject to reasonable notice and compensation for her time at an hourly rate that matches her
last annual salary at the Company converted to an hourly wage on the basis of a 40 hour work week and 49 weeks of work per year. 
 (c) Beginning on the Resignation Date and terminating on March 15, 2009, Meier will consult with the Company and shall provide assistance, advice and information to the Company with respect to such matters as the Company may reasonably
request in order to facilitate a smooth and orderly transition of the Chief Financial Officer and director duties and functions, provided that such obligation shall be subject to her superior obligation to any subsequent employer or prior personal
commitments. 
 (d) Meier will not, directly or indirectly, prior to March 15, 2009, solicit any natural person who at
the time of the resignation is employed by the Company or any of its subsidiaries in any capacity (an “Employee”). Nor will Meier personally nor directly nor indirectly solicit any Employee to terminate his or her employment with the
Company or its subsidiaries, nor directly or indirectly nor personally facilitate the hiring of any Employee by any other person, such as providing information to her new employer regarding any Employee. 
 9. Non-Disparagement. Meier agrees not to disparage the Company, its directors, officers or employees and the Company agrees not to disparage
Meier or her tenure or efforts at the Company. If the circumstances of Meier’s separation from the Company are questioned, the Company and Meier agree to state that Meier and the Company separated amicably to pursue other opportunities and
nothing more shall be said. 
  

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 10. Governing Law. The execution, validity, interpretation and performance of this Agreement shall
be determined and governed exclusively by the laws of the State of Texas, without reference to the principles of conflict of laws. 
 11.
Entire Agreement. This Agreement represents the complete agreement among Meier and the Company concerning the subject matter hereof and supersedes all prior agreements or understandings, written or oral, between Meier and any member of the
Company concerning the subject matter of this Agreement. No attempted modification or waiver of any of the provisions of this Agreement shall be binding on any party hereto unless in writing and signed by Meier and the Company. This Agreement is
binding upon and inures to the benefit of the parties’ heirs, successors and assigns. 
 12. Acknowledgements. This Agreement has
been entered into voluntarily and not as a result of coercion, duress or undue influence. Meier acknowledges that she has read and fully understands the terms of this Agreement and has consulted with an attorney before executing this Agreement.

 13. Dispute Resolution. Any and all disputes between the parties to this Agreement arising out of or in connection with the
negotiation, execution, interpretation, performance or non-performance of this Agreement and the covenants and obligations contemplated herein, including but not limited to any claims against Meier, the Company, its respective officers, directors,
employees or agents, shall be solely and finally settled by arbitration before three arbitrators conducted in Houston, Texas pursuant to the Commercial Rules of the American Arbitration Association, as now in effect or hereafter amended. Judgment on
the award of the arbitrator may be entered in any court having jurisdiction over the party against whom enforcement of the award is being sought, and the parties hereby irrevocably consent to the jurisdiction of any such court for the purpose of
enforcing any such award. The parties agree and acknowledge that any arbitration proceedings between them, and the outcome of such proceedings, shall be kept strictly confidential. In the event of any such dispute concerning the subject matter of
this Agreement, the prevailing party shall be entitled to recover reasonable attorney’s fees incurred for the arbitration. 
 14.
Execution. This Agreement may be executed in counterparts, each of which will be deemed an original and shall be deemed duly executed upon the signing of the counterparts by the parties. 
 15. The Company shall pay the attorneys’ fees incurred by Meier for advice regarding and for negotiating her severance from the Company, up to a cap
of $10,000. 
  

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 The parties to this Agreement have executed this Agreement on the day and year first written above.

  

	
	
	
	        /s/ Lisa Meier
	

  
  

			
	FLOTEK INDUSTRIES, INC.
		
	By:	 	/s/ Jerry D. Dumas, Sr.
	 Name: Jerry D. Dumas, Sr.
 Title: Chief
Executive Officer

  

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 Schedule C 
 Vested Options 
 1) Options to acquire 15,000 shares of common stock at a price of $9.40 per share pursuant to that
certain Stock Option Agreement dated December 22, 2005. 
 2) Options to acquire 6,750 shares of common stock at a price of $13.805 per share pursuant
to that certain Stock Option Agreement dated March 13, 2007. 
 3) Options to acquire 22,200 shares of common stock at a price of $22.37 per share
pursuant to that certain Stock Option Agreement dated May 17, 2007. 
  

 7Form of Agreement for Stock for Stock Awards (Career Shares)

 Exhibit 10.1 
 Alliance One International, Inc. 
 2007 Incentive Plan 
 Form of Restricted Stock Agreement 
 CAREER SHARES 
 THIS AGREEMENT, dated the             
day of                         ,             , between
Alliance One International, Inc., a Virginia corporation (the “Company”), and                  (“Participant”), is made pursuant and subject
to the provisions of the Company’s 2007 Incentive Plan (the “Plan”), a copy of which has been made available to the Participant. All terms used herein that are defined in the Plan have the same meaning given them in the Plan.

 1. Award of Stock. Pursuant to the terms of the Plan, the Company, on
                    ,              (the “Date of Award”), awarded
the Participant, subject to the terms and conditions of the Plan and subject further to the terms and conditions set forth herein, a Stock Award covering              shares of
Common Stock of the Company (the “Restricted Stock”). 
 2. Terms and Conditions. 
 a. Vesting. Except as provided in paragraph 2(e), the Participant’s interest in the Restricted Stock shall vest and become
non-forfeitable on the first date that one of the requirements in the following sentence is satisfied. The requirements of this sentence are satisfied if the Participant remains in the continuous employ of the Company or an Affiliate from the Date
of Award until the earliest of (i) the third anniversary of the Date of Award, (ii) the date of the Participant’s death, (iii) the date that the Participant’s employment ends on account of Disability or (iv) the date of
a Change in Control. Restricted Stock that has not vested in accordance with the two preceding sentences shall be forfeited, and the Participant shall have no further rights in the Restricted Stock, upon the termination of the Participant’s
employment with the Company and its Affiliates. 
 b. Transferability. The Restricted Stock may not be transferred
before it becomes vested in accordance with paragraph 2(a). If the Restricted Stock becomes vested in accordance with paragraph 2(a), it will become transferable on the earliest of (i) the date the Participant attains age 60, (ii) the
seventh anniversary of the date the Restricted Stock became vested or (iii) the date that the Participant’s employment with the Company and its Affiliates terminates. Notwithstanding the two preceding sentences, shares of Restricted Stock
may be surrendered to, or withheld by, the Company in accordance with procedures established by the Company to satisfy income and employment taxes attributable to the Restricted Stock. 
 c. Stock Power. With respect to shares of Restricted Stock forfeited under paragraph 2(a) or paragraph 2(e), the Participant does
hereby irrevocably constitute and appoint the Alliance One International, Inc. Corporate Secretary or the Vice President Compensation & Benefits as his attorney to transfer on the books of the Company, with full power of substitution in the
premises, any shares of Restricted Stock that are forfeited in accordance with this Agreement. Such person or persons shall use the authority granted in this paragraph 2(c) to cancel any shares of Restricted Stock that are forfeited or subject to
rescission under paragraph 2(a) or paragraph 2(e). 

 d. Custody of Certificates. Custody of stock certificates evidencing the shares of
Restricted Stock shall be retained by the Company. The Company shall deliver the stock certificates evidencing the shares to the Participant as soon as practicable after the date that the transfer restrictions applicable to the Participant with
respect to the Restricted Stock lapse in accordance with paragraph 2(b). 
 e. Misconduct. The Committee shall have the
authority to cancel, rescind, cause the forfeiture of or otherwise limit or restrict any non-vested shares of Restricted Stock awarded under this Agreement if the Committee determines that the Participant has (i) violated the Company’s
Code of Conduct (as in effect from time to time); (ii) violated any law (other than misdemeanor traffic violations) and thereby injured or damaged the business reputation or prospects of the Company or an Affiliate; or (iii) engaged in
intentional misconduct that caused, or materially contributed to, the need for a substantial restatement (voluntary or required) of the Company’s financial statements filed with the Securities and Exchange Commission (the foregoing enumerated
items being hereinafter referred to, individually or collectively, as a “Prohibited Activity”). 
 Furthermore, in the event the
Committee in its discretion determines that the Participant has engaged in a Prohibited Activity at any time prior to or during the six months after any vested shares of Restricted Stock awarded hereunder have become transferable pursuant to
paragraph 2(b) (hereinafter, “Transferable Shares”), the Committee may rescind the vesting of and lapse of transfer restrictions with respect to such Transferable Shares, provided the Committee takes such action by the later of
(i) two years after the date the Transferable Shares became transferable pursuant to paragraph 2(b), or (ii) two years after the occurrence of the Prohibited Activity. Upon such rescission, the Company at its sole option may require the
Participant to (a) deliver and convey to the Company the Transferable Shares; (b) in the case of Transferable Shares that have been sold or otherwise disposed of by the Participant, pay to the Company an amount equal to the proceeds from
the sale of such Transferable Shares; or (c) pay to the Company an amount equal to the market price of the Transferable Shares (as of the date the Transferable Shares became transferable pursuant to paragraph 2(b)). The Company shall be
entitled to set-off any such amount owed to the Company against any amount or benefit owed to the Participant by the Company, and the Participant shall forfeit the amount or benefit applied to set-off such amount owed to the Company. Further, if the
Company commences an action against such Participant (by way of claim or counterclaim and including declaratory claims), in which it is preliminarily or finally determined that such Participant engaged in a Prohibited Activity or otherwise violated
the provisions of paragraph 2 of this Agreement, the Participant shall reimburse the Company for all costs and fees incurred in such action, including but not limited to, the Company’s reasonable attorneys’ fees. 
 3. Shareholder Rights. The Participant will have the right to receive dividends and vote the shares of Restricted Stock prior to their forfeiture
in accordance with this Agreement. 
 4. Disability. For purposes of this Agreement, “Disability” means that the Participant
has ceased active employment with the Company and its Affiliates on account of a permanent and total disability as defined in Section 22(e)(3) of the Code. 
 5. Withholding Taxes. To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit realized by the Participant or other person
under this Agreement, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the 

  

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Participant or such other person make arrangements satisfactory to the Company for payment of the balance of such taxes required to be withheld. In
accordance with procedures established by the Company, the Company may withhold from Common Stock issued or delivered to the Participant, sufficient shares of Common Stock (valued as of the preceding day) to satisfy withholding and employment taxes,
or the Company shall direct the Participant to pay to the Company in cash or Common Stock (valued as of the day preceding the payment) sufficient amounts or shares to satisfy such obligation. 
 6. No Right to Employment. The Plan and this Agreement will not confer upon the Participant any right with respect to the continuance of
employment or other service with the Company or any Affiliate and will not interfere in any way with any right that the Company or any Affiliate would otherwise have to terminate any employment or other service of the Participant at any time. For
purposes of this Agreement, the continuous employ of the Participant with the Company or an Affiliate shall not be deemed interrupted, and the Participant shall not be deemed to have ceased to be an employee of the Company or any Affiliate by reason
of (a) the transfer of his or her employment among the Company and its Affiliates or (b) an approved leave of absence. 
 7. Not
Part of Regular Compensation. This Agreement shall not be construed as a guarantee that the Participant will earn or accrue a benefit. The Participant agrees and acknowledges that the Restricted Stock and any benefits that may be earned with
respect thereto are not and shall not be treated as part of the Participant’s regular compensation for any purpose. 
 8. Relation to
Other Benefits. Except as specifically provided, any economic or other benefit to the Participant under this Agreement or the Plan will not be taken into account in determining any benefits to which the Participant may be entitled under any
profit-sharing, retirement or other benefit or compensation plan maintained by the Company or any Affiliate and will not affect the amount of any life insurance coverage available to any beneficiary under any life insurance plan covering employees
of the Company or an Affiliate. 
 9. Change in Capital Structure. The terms of this Restricted Stock award are subject to adjustment
pursuant to Article XII of the Plan. 
 10. Governing Law. This Agreement shall be governed by the laws of the Commonwealth of
Virginia. 
 11. Conflicts. In the event of any conflict between the provisions of the Plan as in effect on the Date of Award and the
provisions of this Agreement, the provisions of the Plan shall govern. All references herein to the Plan shall mean the Plan as in effect on the Date of Award. 
 12. Participant Bound by Plan. Participant hereby acknowledges that a copy of the Plan has been made available to the Participant and agrees to be bound by all the terms and provisions thereof. 
 13. Binding Effect. Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon and inure to the benefit of the
legatees, distributees, and personal representatives of the Participant and the successors of the Company. 
 14. Severability. If any
provision of this Agreement should for any reason be declared invalid or unenforceable by a court of competent jurisdiction, then this Agreement and the grant of Restricted Stock hereunder shall be deemed invalid and unenforceable in its entirety
due to failure of consideration. 
  

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 15. Committee Discretion. The Committee shall have all of the powers granted under Article III of
the Plan, including but not limited to the authority and discretion to interpret the provisions of this Agreement and to make any decisions or take any actions necessary or advisable for the administration of this Agreement. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by a duly authorized officer, and Participant has affixed his signature hereto.

  

							
	ALLIANCE ONE INTERNATIONAL, INC.	 		 	
				
	By	 	  
	 		 	  

		 		 		 	
		 		 		 	Participant

  

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