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Exhibit 4.6
•DESCRIPTION OF CHAMPIONX CORPORATION COMMON STOCK
ChampionX Corporation (“ChampionX”) has one class of securities registered under Section 12 of the Securities Exchnage Act of 1934: our common stock, par value $1.00 per share.
The following description of the material terms of the capital stock of ChampionX includes a summary of certain provisions of ChampionX’s amended and restated certificate of incorporation, which we refer to as ChampionX’s certificate of incorporation, and amended and restated bylaws, as amended, which we refer to as ChampionX’s bylaws. The following description does not purport to be complete, and all stockholders are urged to read ChampionX’s certificate of incorporation and bylaws in their entirety. 
Certain of the provisions described below under “Anti-Takeover Effects of ChampionX’s Amended and Restated Certificate of Incorporation and Amended and Restated By-Laws and Delaware Law” could have the effect of discouraging transactions that might lead to a change in control of ChampionX. For example, the ChampionX certificate of incorporation and bylaws: 
																					
	  
	•	 	permit the ChampionX Board of Directors to issue shares of preferred stock in one or more series without further authorization of the stockholders of ChampionX;
	  
	•	 	provide that the ChampionX Board of Directors is classified, with directors serving staggered terms so that not all members of the ChampionX Board of Directors are elected at one time until 2022;
	  
	•	 	prohibit stockholder action by written consent; and
	  
	•	 	require stockholders to provide advance notice of any stockholder nomination of directors or any proposal of new business to be considered at any meeting of stockholders.

_Description of Capital Stock of ChampionX
Authorized Shares 
Under ChampionX’s certificate of incorporation, the total authorized capital stock of ChampionX consists of 2,500,000,000 shares of common stock, par value $0.01 per share, which we refer to as ChampionX common stock, and 250,000,000 shares of preferred stock, par value $0.01 per share. 
Common Stock 
Each holder of ChampionX’s common stock is entitled to one vote for each share on all matters to be voted upon by the common stockholders. The holders of ChampionX’s common stock are not entitled to cumulative voting of their shares in elections of directors. Subject to any preferential rights of any outstanding preferred stock, holders of ChampionX’s common stock are entitled to receive ratably the dividends, if any, as may be declared from time to time by the ChampionX Board of Directors out of funds legally available for that purpose. If there is a liquidation, dissolution or winding up of ChampionX, holders of its common stock would be entitled to ratable distribution of its assets remaining after the payment in full of liabilities and any preferential rights of any outstanding preferred stock. 
Holders of ChampionX’s common stock have no preemptive or conversion rights or other subscription rights, and there are no redemption or sinking fund provisions applicable to the common stock. The rights, preferences and privileges of the holders of ChampionX’s common stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of preferred stock that ChampionX may designate and issue in the future. 
Preferred Stock 
There are currently no shares of preferred stock of ChampionX issued or outstanding. 
ChampionX’s amended and restated certificate of incorporation authorizes ChampionX’s Board of Directors, without further action by ChampionX’s stockholders, to issue shares of preferred stock and to fix by resolution the designations, preferences and relative, participating, optional or other special rights, and such qualifications, limitations or restrictions thereof, including, without limitation, redemption rights, dividend rights, liquidation preferences and conversion or exchange rights of any class or series of preferred stock, and to fix the number of classes or series of preferred stock, the number of shares constituting any such class or series and the voting powers for each class or series. 
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The authority possessed by ChampionX’s Board of Directors to issue preferred stock could potentially be used to discourage attempts by third parties to obtain control of ChampionX through a merger, tender offer, proxy contest or otherwise by making such attempts more difficult or costly. ChampionX’s Board of Directors may issue preferred stock with voting rights or conversion rights that, if exercised, could adversely affect the voting power of the holders of the common stock. There are no current agreements or understandings with respect to the issuance of preferred stock and ChampionX’s Board of Directors has no present intention to issue any shares of preferred stock. 
Dividend Policy of ChampionX 
ChampionX has never declared or paid dividends on its common stock. 
Subject to the rights of holders of any outstanding shares of preferred stock, if any, holders of ChampionX common stock are entitled to receive dividends, if any, as may be declared from time to time by the ChampionX Board of Directors. The declaration of dividends on ChampionX common stock is a business decision to be made by ChampionX’s Board of Directors in its discretion from time to time based upon results of operations and financial condition, the provisions of the DGCL affecting the payment of dividends and distributions to stockholders, and any other factors as the Board of Directors may consider relevant. In addition, ChampionX’s existing credit facilities contain certain financial and operating covenants that may restrict ChampionX’s ability to pay dividends.
Anti-Takeover Effects of ChampionX’s Amended and Restated Certificate of Incorporation and Amended and Restated By-laws and Delaware Law 
Provisions of the General Corporation Law of the State of Delaware (“DGCL”) and ChampionX’s amended and restated certificate of incorporation and amended and restated by-laws could make it more difficult to acquire ChampionX by means of a tender offer, a proxy contest or otherwise, or to remove incumbent officers and directors. These provisions, summarized below, are expected to discourage certain types of coercive takeover practices and takeover bids that its Board of Directors may consider inadequate and to encourage persons seeking to acquire control of ChampionX to first negotiate with ChampionX’s Board of Directors. ChampionX believes that the benefits of increased protection of its ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure it outweigh the disadvantages of discouraging takeover or acquisition proposals because, among other things, negotiation of these proposals could result in an improvement of their terms. 
Classified Board. ChampionX’s amended and restated certificate of incorporation and amended and restated by-laws provides that, until the third annual meeting of its stockholders following its separation from Dover Corporation, its Board of Directors is divided into three approximately equal classes. The directors designated as Class I directors had terms expiring at the first annual meeting of stockholders following the distribution, which ChampionX held in 2019 and were elected in 2019 to a three-year term ending at ChampionX’s 2022 annual meeting of stockholders. The directors designated as Class II directors had terms expiring at the second annual meeting of stockholders, which ChampionX held in 2020 and were elected in 2020 to a two-year term ending at ChampionX’s 2022 annual meeting of stockholders. The directors designated as Class III directors have terms expiring at the third annual meeting of stockholders, which ChampionX expects to hold in 2021. Class III directors elected in 2021 will be elected to a one-year term ending at ChampionX’s 2022 annual meeting of stockholders. Beginning at the 2022 annual meeting, all of ChampionX’s directors will stand for election each year for annual terms, and ChampionX’s Board of Directors will therefore no longer be divided into three classes. Members of the Board of Directors will be elected by a plurality of the votes cast at each annual meeting of stockholders. Before the Board of Directors is declassified, it would take at least two elections of directors for any individual or group to gain control of ChampionX’s Board of Directors. Accordingly, while the classified board is in effect, these provisions could discourage a third party from initiating a proxy contest, making a tender offer or otherwise attempting to gain control of ChampionX. 
Removal of Directors. ChampionX’s amended and restated certificate of incorporation and by-laws provide that (i) prior to ChampionX’s Board of Directors being declassified as discussed above, its stockholders may only remove a director for cause and (ii) after ChampionX’s Board of Directors has been fully declassified, its stockholders may remove a director with or without cause. Removal requires the affirmative vote of holders of a majority of the shares of voting common stock. 
Size of Board and Vacancies. ChampionX’s amended and restated certificate of incorporation and amended and restated by-laws provides that the number of directors on its Board of Directors shall not be less than three nor more than fifteen, with the exact number of directors to be fixed exclusively by the Board of Directors. Any vacancies created in its Board of Directors resulting from any increase in the authorized number of directors or the death, resignation, retirement, disqualification, removal from office or other cause will be filled by a majority of the Board of Directors then in office, even if less than a quorum is present, or by a sole remaining director. Any director appointed to fill a vacancy on ChampionX’s Board of 
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Directors will be appointed for a term expiring at the next election of the class for which such director has been appointed, and until his or her successor has been elected and qualified. 
Special Stockholder Meetings. ChampionX’s amended and restated certificate of incorporation provides that only the chairman of its Board of Directors, its chief executive officer or its Board of Directors pursuant to a resolution adopted by a majority of the entire Board of Directors may call special meetings of ChampionX stockholders. Stockholders may not call special stockholder meetings. 
Stockholder Action by Written Consent. ChampionX’s amended and restated certificate of incorporation expressly eliminates the right of its stockholders to act by written consent. Stockholder action must take place at the annual or a special meeting of ChampionX stockholders. 
Requirements for Advance Notification of Stockholder Nominations and Proposals. ChampionX’s amended and restated by-laws establish advance notice procedures with respect to stockholder proposals and nomination of candidates for election as directors other than nominations made by or at the direction of its Board of Directors or a committee of its Board of Directors. 
No Cumulative Voting. The DGCL provides that stockholders are denied the right to cumulate votes in the election of directors unless the company’s certificate of incorporation provides otherwise. ChampionX’s amended and restated certificate of incorporation does not provide for cumulative voting. 
Delaware Anti-Takeover Statute. ChampionX is subject to Section 203 of the DGCL, an anti-takeover statute. In general, Section 203 of the DGCL provides that, subject to exceptions set forth therein, an interested stockholder of a Delaware corporation shall not engage in any business combination, including mergers or consolidations or acquisitions of additional shares of the corporation, with the corporation for a three-year period following the date that the stockholder becomes an interested stockholder unless: 
																					
		•		prior to that date, the Board of Directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;
		•		upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85 percent of the voting stock of the corporation outstanding at the time the transaction commenced, other than statutorily excluded shares; or
		•		on or subsequent to such date, the business combination is approved by the Board of Directors of the corporation and authorized at an annual or special meeting of stockholders by the affirmative vote of at least 66-2/3 percent of the outstanding voting stock which is not owned by the interested stockholder.

Except as otherwise set forth in Section 203, an interested stockholder is defined to include (i) any person that is the owner of 15 percent or more of the outstanding voting stock of the corporation, or is an affiliate or associate of the corporation and was the owner of 15 percent or more of the outstanding voting stock of the corporation at any time within three years immediately prior to the date of determination; and (ii) the affiliates and associates of any such person. 
Section 203 may make it more difficult for a person who would be an interested stockholder to effect various business combinations with a corporation for a three-year period. The provisions of Section 203 may encourage persons interested in acquiring ChampionX to negotiate in advance with ChampionX’s Board of Directors, because the stockholder approval requirement would be avoided if a majority of the directors then in office approve either the business combination or the transaction which results in any such person becoming an interested stockholder. These provisions also may have the effect of preventing changes in ChampionX’s management. It is possible that these provisions could make it more difficult to accomplish transactions which ChampionX’s stockholders may otherwise deem to be in their best interests. 
Amendments to Certificate of Incorporation. ChampionX’s amended and restated certificate of incorporation provides that the provisions of the amended and restated certificate of incorporation may only be amended by the vote of a majority of the voting power of the outstanding voting stock, except that ChampionX’s amended and restated certificate of incorporation provide that the affirmative vote of the holders of at least 80 percent of its voting stock then outstanding is required to amend certain provisions relating to: 
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		•		cumulative voting;
		•		amendment of the amended and restated by-laws;
		•		the size, classification, election, removal, nomination and filling of vacancies with respect to the ChampionX Board of Directors;
		•		stockholder action by written consent and ability to call special meetings of stockholders;
		•		director and officer indemnification; and
		•		any provision relating to the amendment of any of these provisions.

The provisions of ChampionX’s amended and restated certificate of incorporation relating to the 80 percent voting threshold will be of no force and effect effective as of the completion of the third annual meeting of stockholders after the separation, which ChampionX expects to hold in 2021. ChampionX’s amended and restated certificate of incorporation may thereafter be amended by the affirmative vote of the holders of at least a majority of its voting stock then outstanding. 
Amendments to By-Laws. ChampionX’s amended and restated certificate of incorporation and amended and restated by-laws provides that the by-laws may be amended by ChampionX’s Board of Directors or by the affirmative vote of at least 80 percent of ChampionX’s voting stock then outstanding. The provisions of ChampionX’s amended and restated certificate of incorporation and amended and restated by-laws relating to the 80 percent voting threshold will be of no force and effect effective as of the completion of the third annual meeting of stockholders after the separation, which ChampionX expects to hold in 2021. ChampionX’s amended and restated by-laws may thereafter be amended by the affirmative vote of the holders of at least a majority of its voting stock then outstanding. 
Undesignated Preferred Stock. The authority that ChampionX’s Board of Directors will possess to issue preferred stock could potentially be used to discourage attempts by third parties to obtain control of ChampionX through a merger, tender offer, proxy contest or otherwise by making such attempts more difficult or costly. ChampionX’s Board of Directors may be able to issue preferred stock with voting rights or conversion rights that, if exercised, could adversely affect the voting power of the holders of common stock. 
Nasdaq Listing 
ChampionX common stock is listed on the Nasdaq Global Select Market under the ticker symbol “CHX.” 
_Limitation of Liability of Directors; Indemnification of Directors 
The DGCL authorizes corporations to limit or eliminate the personal liability of directors to corporations and their stockholders for monetary damages for breaches of directors’ fiduciary duties as directors, and ChampionX’s amended and restated certificate of incorporation includes such an exculpation provision. ChampionX’s amended and restated certificate of incorporation and by-laws include provisions that indemnify, to the fullest extent allowable under the DGCL, the personal liability of directors or officers for monetary damages for actions taken as a director or officer of ChampionX, or for serving at ChampionX’s request as a director or officer or another position at another corporation or enterprise, as the case may be. ChampionX’s amended and restated certificate of incorporation and by-laws also provide that ChampionX must indemnify and advance reasonable expenses to its directors and officers, subject to its receipt of an undertaking from the indemnified party as may be required under the DGCL. ChampionX’s amended and restated certificate of incorporation also expressly authorizes ChampionX to carry directors’ and officers’ insurance to protect ChampionX, its directors, officers and certain employees for some liabilities. 
The limitation of liability and indemnification provisions in ChampionX’s amended and restated certificate of incorporation and bylaws may discourage stockholders from bringing a lawsuit against directors for breach of their fiduciary duty. These provisions may also have the effect of reducing the likelihood of derivative litigation against ChampionX’s directors and officers, even though such an action, if successful, might otherwise benefit ChampionX and its stockholders. However, these provisions do not limit or eliminate ChampionX’s rights, or those of any stockholder, to seek non-monetary relief such as injunction or rescission in the event of a breach of a director’s duty of care. The provisions will not alter the liability of directors under the federal securities laws. In addition, your investment may be adversely affected to the extent that, in a class action or direct suit, ChampionX pays the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions.
ChampionX maintains a general liability insurance policy which covers certain liabilities of its directors and officers arising out of claims based on acts or omissions in their capacities as directors or officers.
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_Exclusive Forum 
ChampionX’s amended and restated certificate of incorporation provides that unless ChampionX’s Board of Directors otherwise determines, the Court of Chancery of the State of Delaware will be the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of ChampionX, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director or officer of ChampionX to ChampionX or ChampionX’s stockholders, creditors or other constituents, (iii) any action asserting a claim against ChampionX or any director or officer of ChampionX arising pursuant to any provision of the DGCL or ChampionX’s amended and restated certificate of incorporation or by-laws or (iv) any action asserting a claim against ChampionX or any director or officer of ChampionX governed by the internal affairs doctrine. However, if (and only if) the Court of Chancery of the State of Delaware dismisses any such action for lack of subject matter jurisdiction, the action may be brought in another court sitting in the State of Delaware. 
Authorized but Unissued Shares 
ChampionX’s authorized but unissued shares of common stock and preferred stock will be available for future issuance without stockholder approval. ChampionX may use additional shares for a variety of purposes, including future public offerings to raise additional capital, to fund acquisitions and as employee compensation. The existence of authorized but unissued shares of common stock and preferred stock could render more difficult or discourage an attempt to obtain control of ChampionX by means of a proxy contest, tender offer, merger or otherwise. 
Transfer Agent and Registrar 
The transfer agent and registrar for ChampionX’s common stock is Computershare Trust Company, N.A. 

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Exhibit 10.13

CHAMPIONX MIRROR SAVINGS PLAN

						
	ARTICLE I PREFACE	3

	SECTION 1.1    Effective Date
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	SECTION 1.2    Purpose of the Plan
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	SECTION 1.3    American Jobs Creation Act (AJCA)
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	SECTION 1.4    Excess Plan
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	ARTICLE II DEFINITIONS	4

	SECTION 2.1    “Account”
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	SECTION 2.2    “Administrator”
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	SECTION 2.3    “Base Salary”
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	SECTION 2.4    “Bonus”
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	SECTION 2.5    “Change in Control”
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	SECTION 2.6    “Company”
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	SECTION 2.7    “Death Beneficiary”
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	SECTION 2.8    “Executive”
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	SECTION 2.9    “Executive Deferrals”
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	SECTION 2.10    “Hypothetical Investment Fund”
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	SECTION 2.11    “Insolvent”
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	SECTION 2.12    “Matching Contributions”
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	SECTION 2.13    “Mirror Savings Benefit”
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	SECTION 2.14    “Non-Elective Contributions”
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	SECTION 2.15    “Plan”
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	SECTION 2.16    “Savings Plan”
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	SECTION 2.17    “Separation from Service” or to “Separate from Service”
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	SECTION 2.18    “Unforeseeable Emergency”
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	ARTICLE III MIRROR SAVINGS BENEFIT
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	SECTION 3.1    Amount of Executive Deferrals
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	SECTION 3.2    Effect and Duration of Direction Pursuant to Section 3.1
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	SECTION 3.3    Matching Contributions
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	SECTION 3.4    Non-Elective Contribution
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	SECTION 3.5    Executives’ Accounts
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	SECTION 3.6    Statement of Account
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	ARTICLE IV PAYMENT OF MIRROR SAVINGS BENEFITS
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	SECTION 4.1    Time of Payment
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	SECTION 4.2    Form of Payment
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	ARTICLE V VESTING	12

	SECTION 5.1    Vesting
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	ARTICLE VI INVESTMENT OF ACCOUNTS	13

	SECTION 6.1    Hypothetical Investment Funds
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	ARTICLE VII MISCELLANEOUS	14

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	SECTION 7.1    Effect of Amendment and Termination
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	SECTION 7.2    Limitation on Payments and Benefits
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	SECTION 7.3    Establishment of a Trust Fund
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CHAMPIONX MIRROR SAVINGS PLAN
ARTICLE I.
PREFACE
SECTION i.Effective Date.  Ecolab Inc. has determined to split-off its upstream energy business Ecolab held by ChampionX Holding Inc. (“ChampionX”) and merge it into a subsidiary of Apergy Corporation, a public company (the “Transaction”).  Coincident with and effective as of the end of the day on which the Transaction occurs, ChampionX LLC, a wholly-owned subsidiary of ChampionX, shall adopt and maintain this ChampionX Mirror Savings Plan (the “Plan”).  This Plan shall not be effective until the end of the day on which the Transaction closes and if the Transaction does not close, this Plan shall be null and void.
SECTION ii.Purpose of the Plan.  The purpose of this Plan is to provide additional deferred compensation benefits for certain management and highly compensated employees who perform management and professional functions for the Company and certain related entities.
SECTION iii.American Jobs Creation Act (AJCA).  
(a)It is intended that the Plan (including all Amendments thereto) comply with the provisions of Section 409A of the Code, as enacted by the AJCA, to prevent the inclusion in gross income of any amount credited to an Executive’s Account hereunder in a taxable year that is prior to the taxable year or years in which such amounts would otherwise be actually distributed or made available to the Executive. It is intended that the Plan shall be administered in a manner that will comply with Section 409A of the Code, including proposed, temporary or final regulations or any other guidance issued by the Secretary of the Treasury and the Internal Revenue Service with respect thereto (collectively with the AJCA, the “409A Guidance”). All Plan provisions shall be interpreted in a manner consistent with the 409A Guidance.
(b)The Administrator shall not take any action hereunder that would violate any provision of the 409A Guidance. It is intended that all Executives’ elections hereunder will comply with the 409A Guidance. The Administrator is authorized to adopt rules or regulations deemed necessary or appropriate in connection therewith to anticipate and/or comply with the requirements thereof (including any transition or grandfather rules thereunder). Notwithstanding the foregoing, neither the Company nor the Administrator guarantee any tax consequences of any Executive’s participation in, deferrals or contributions under, or payments from, the Plan, and each Executive shall be solely responsible for payment of any tax obligations of such Executive incurred in connection with participation in the Plan.  For purposes of the 409A Guidance, any Executive’s, Death Beneficiary’s or any other person’s right to receive installment payments pursuant to the Plan shall be treated as a right to receive a series of separate distinct payments.  Whenever a payment under the Plan specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Administrator.  Notwithstanding any other provision of the Plan to the contrary, in no event shall any payment or benefit under the 
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Plan that constitutes “nonqualified deferred compensation” for purposes of the 409A Guidance be subject to offset by any other amount unless otherwise permitted by the 409A Guidance.
SECTION iv.Excess Plan.  
(a)All Account balances under the Plan that are attributable to Executive and Company contributions to the Plan (as adjusted for earnings, losses, expenses and distributions) that were not permitted under the Savings Plan due to contribution limitations imposed on “qualified plans” by the Internal Revenue Code, specifically including Code Sections 401(a)(17), 401(k), 401(m), 402(g) and 415, shall be accounted for separately and shall be, for purposes of any applicable federal and state tax law, an “excess plan” (the “Primary Deferrals”); and 
(b)All Account balances other than the Primary Deferrals Account balances shall be accounted for separately and shall be a deferred savings plan (the “Secondary Deferrals”).
ARTICLE II.
DEFINITIONS
Words and phrases when used herein with initial capital letters which are defined in the Savings Plan are used herein as so defined, unless otherwise specifically defined herein or the context clearly indicates otherwise. The following words and phrases when used in this Plan with initial capital letters shall have the following respective meanings, unless the context clearly indicates otherwise:
SECTION i.“Account” shall mean the record maintained in accordance with Section 3.5 by the Company for each Executive’s Mirror Savings Benefit.  The Administrator shall establish, under the Executive’s Account, (i) the Primary Deferrals Sub-Account consisting of (A) the Executive’s Deferrals with respect to Base Salary and Bonus that the Executive was precluded from deferring under the Savings Plan due to contribution limitations imposed on “qualified plans” by the Code, and (B) Matching Contributions and Non-Elective Contributions made on the Executive’s behalf and (ii) the Secondary Deferrals Sub-Account consisting of the Executive’s Account balances other than the Primary Deferrals Sub-Account balances.
SECTION ii.“Administrator” shall mean the Apergy Benefits and Investment Committee.
SECTION iii.“Base Salary” shall mean an Executive’s base salary for the Plan Year (including, for this purpose, any salary reductions caused as a result of participation (1) in an Employer-sponsored plan which is governed by Sections 401(k), 132(f)(4) or 125 of the Code or (2) in this Plan).
SECTION iv.“Bonus” An Executive’s Bonus for a Plan Year is equal to the sum of (1) the annual cash incentive bonus under the Company’s annual incentive plan, and (2) any similar annual cash incentive bonus under any other equivalent Employer-sponsored bonus program (as determined by the Administrator), which, in either case, is earned with respect to services performed by the 
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Executive during such Plan Year, whether or not such Bonus is actually paid to the Executive during such Plan Year. An election to defer a Bonus under this Plan must be made before the period in which the service is performed which gives rise to such Bonus.
SECTION v.“Change in Control” shall have the meaning set forth in the Administrative Document.
SECTION vi.“Company” shall mean ChampionX LLC.
SECTION vii.“Death Beneficiary”  
(a)The term “Death Beneficiary” shall mean the person or persons designated by the Executive to receive Mirror Savings Benefits hereunder in the event of his death. The designation of a Death Beneficiary under the Plan may be made, and may be revoked or changed only by an instrument (in form prescribed by Administrator) signed by the Executive and delivered to the Administrator during the Executive’s lifetime. If the Executive is married on the date of his death and has been married to such spouse throughout the one-year period ending on the date of death, his designation of a Death Beneficiary other than, or in addition to, his spouse under the Plan shall not be effective unless such spouse has consented in writing to such designation.
(b)Any Mirror Savings Benefits remaining to be paid after the death of a Death Beneficiary shall be paid to the Death Beneficiary’s estate, except as otherwise provided in the Executive’s Death Beneficiary designation.
SECTION viii.“Executive” shall mean an Employee (1) whose annualized Annual Compensation (excluding severance pay) and target bonus for any Plan Year exceeds the limitation described in Code Section 401(a)(17), and (2) who is selected by the Administrator to participate in the Plan. Once an Employee has satisfied the requirements of an Executive and commenced participation in the Plan, his participation may continue, notwithstanding the fact that his Annual Compensation is reduced below the limitation described in Code Section 401(a)(17), until the Administrator determines, in his or her sole discretion, that the Employee would fail to satisfy the requirements of a “management or highly compensated employee” under ERISA.
SECTION ix.“Executive Deferrals” shall mean the amounts described in Section 3.1.
SECTION x.“Hypothetical Investment Fund” shall mean the investment funds designated by the Company pursuant to Section 6.1.
SECTION xi.“Insolvent” For purposes of this Plan, an Employer shall be considered Insolvent at such time as it (1) is unable to pay its debts as they mature, or (2) is subject to a pending voluntary or involuntary proceeding as a debtor under the United States Bankruptcy Code.
SECTION xii.“Matching Contributions” shall mean the amounts described in Section 3.3.
SECTION xiii.“Mirror Savings Benefit” An Executive’s Mirror Savings Benefit at any particular time shall be equal to the vested amounts credited to his Account at such time, as determined under Articles III and V.
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SECTION xiv.“Non-Elective Contributions” shall mean the amounts described in Section 3.4.
SECTION xv.“Plan” shall mean the ChampionX Mirror Savings Plan, as described herein and as it may be amended from time to time.
SECTION xvi.“Savings Plan” shall mean the ChampionX Savings Plan, as such plan may be amended from time to time.
SECTION xvii.“Separation from Service” or to “Separate from Service” shall mean any termination of employment with the Controlled Group due to retirement, death, disability or other reason, in each case, that is also a “separation from service” within the meaning of the 409A Guidance; provided, however, that no Separation from Service is deemed to occur while the Executive (1) is on military leave, sick leave, or other bona fide leave of absence that does not exceed six (6) months (or, in the case of disability, twelve (12) months), or if longer, the period during which the Executive’s right to reemployment with the Controlled Group is provided either by statute or by contract, or (2) continues to perform services for the Controlled Group at an annual rate of fifty percent (50%) or more of the average level of services performed over the immediately preceding 36-month period (or the full period in which the Executive provided services (whether as an employee or as an independent contractor) if the Executive has been providing services for less than 36 months). For purposes of this Section, “disability” shall have the meaning set forth in Treas. Reg. §1.409A-3(i)(4)(i)(A).  Notwithstanding any other provision of the Plan to the contrary, whether an Executive has incurred a Separation from Service shall be determined in accordance with the 409A Guidance, and, for the avoidance of doubt, a Separation from Service shall not be deemed to have occurred for purposes of any provision of this Plan providing for the payment of any amount or benefit upon or following a Separation from Service unless such termination of employment is also a “separation from service” within the meaning of the 409A Guidance.
SECTION xviii.“Unforeseeable Emergency” shall mean an event which results (or will result) in severe financial hardship to the Executive as a consequence of an unexpected illness or accident or loss of the Executive’s property due to casualty or other similar extraordinary or unforeseen circumstances out of the control of the Executive, determined in accordance with Treas. Reg. § 1.409A-3(i)(3).
ARTICLE III.
MIRROR SAVINGS BENEFIT
SECTION i.Amount of Executive Deferrals.  Each Executive may, within 30 days after the Plan becomes effective as to him and, thereafter, prior to the first day of any subsequent Plan Year, by written notice to the Administrator on a form provided by the Administrator, direct his Employer:
(a)to reduce (in accordance with rules established by the Administrator) the Executive’s Base Salary for the balance of the Plan Year in which the Plan becomes effective as to him (but only with respect to Base Salary payable for periods of service commencing after the Executive so directs), and
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(b)to reduce (in accordance with rules established by the Administrator) the Executive’s Bonus which is earned with respect to services performed by the Executive for the balance of the Plan Year in which the Plan becomes effective as to him (but only with respect to Bonus payable for period of service commencing after the Executive’s direction becomes irrevocable) or for any following Plan Year by a specified percentage of the portion of the Executive’s Bonus earned during the deferral period, which percentage does not cause the deferral to exceed one hundred percent (100%) of the net amount of the Bonus after payment of applicable FICA and related federal and state income tax withholdings (the “Bonus Deferrals”), and
(c)to credit the amounts described in Subsections (1) and (2) of this Section (collectively, the “Executive Deferrals”) to the Account described in Section 3.5 at the times described therein.
SECTION ii.Effect and Duration of Direction Pursuant to Section 3.1.  
(a)Plan Year to Plan Year. Any direction by an Executive to make Executive Deferrals under Section 3.1 shall be effective with respect to the Base Salary and Bonus otherwise earned by the Executive with respect to the period to which the direction relates, and the Executive shall not be eligible to receive such Executive Deferrals. Instead, such Executive Deferrals shall be credited to the Executive’s Account as provided in Section 3.5. Any direction made in accordance with Section 3.1 shall remain in effect until changed or revoked, except that such direction shall become irrevocable on the last day of the Plan Year immediately preceding the Plan Year with respect to which the Base Salary and Bonus subject to such direction are earned (or, with respect to the first period of eligibility, such direction shall be irrevocable on the last day of the 30-day election period with respect to Base Salary and Bonus earned during the same Plan Year after the election). An Executive may change or revoke a direction with respect to the deferral of Base Salary and Bonus earned in a subsequent Plan Year at any time prior to such direction becoming irrevocable.
(b)Automatic Termination/Suspension of Deferral Election.  An Executive Deferral direction pursuant to Section 3.1 shall automatically terminate on the date of the Executive’s Separation from Service and with respect to any compensation for services performed after such Executive’s Separation from Service or, to the extent permitted by the 409A Guidance, on the date the Plan is terminated.
SECTION iii.Matching Contributions.  
(a)Matching Contributions With Respect to Salary Deferrals.
(i)The Employers shall credit the Account of an Executive with an amount (the “Matching Contributions”) determined as follows: (i) the Matching Contribution shall be equal to the sum of (1) 100% of the Salary Deferrals which do not exceed 4% of the Executive’s Base Salary and (2) 50% of the Salary Deferrals which exceed 4% of the Executive’s Base Salary but do not exceed 8% 
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of the Executive’s Base Salary; and the amount of the Executive’s Base Salary that shall be taken into account under this Section 3.3(1)(a) shall be the amount of the Executive’s Base Salary for such Plan Year that exceeds the maximum compensation which could be considered under the Savings Plan under Section 401(a)(17) of the Code.
(ii)The Employers shall also credit the Account of an Executive with an additional Matching Contribution in an amount determined by the Administrator, which amount is equal to the amount of matching contributions (plus earnings allocable thereto) which the Executive is required to forfeit under the Savings Plan due to the application of the before-tax nondiscrimination requirements of the Code (the “True-Up Matching Contributions”).
(b)Matching Contributions With Respect to Bonus Deferrals. The Employers shall credit the Account of an Executive with a Matching Contribution determined as follows: (i) the Matching Contribution shall be equal to the sum of (1) 100% of the first 4% of the Executive’s Bonus Deferral and (2) 50% of the next 4% of the Executive’s Bonus Deferral; and the amount of the Executive’s Bonus that shall be taken into account under this Section 3.3(2) shall not exceed the excess of the Executive’s Base Salary and Bonus in respect of the Plan Year in which the Bonus was earned (excluding severance) over the maximum compensation which could be considered under the Savings Plan in such Plan Year under Section 401(a)(17) of the Code, and further provided that an Executive’s Bonus shall be taken into account under this Section 3.3(2) only to the extent the Executive has elected to defer payment of such Bonus under Section 3.1(2) for the Plan Year.
SECTION iv.Non-Elective Contribution.  The Employers shall credit the Account of an Executive with an amount (the “Non-Elective Contributions”) equal to 3% of the Executive’s Base Salary and Bonus during the Plan Year that exceeds the maximum compensation which could be considered under the Savings Plan under Section 401(a)(17) of the Code.  Executive must be employed on the last day of the Plan Year to which the Non-Elective Contributions relate to receive Non-Elective Contributions for that Plan Year; provided, however, that if Executive receives an allocation of non-elective contributions under the Savings Plan as a result of a Separation from Service due to death, disability, retirement or upon the receipt of severance in connection with a Separation from Service, he shall also be entitled to a Non-Elective Contribution under the Plan.
SECTION v.Executives’ Accounts.  Each Employer shall establish and maintain on its books an Account for each Executive which shall contain the following entries:
(a)Credits for the Executive Deferrals described in Section 3.1, which Executive Deferrals shall be credited to the Executive’s Account at the time such Executive Deferrals would otherwise have been paid to the Executive;
(b)Credits for the Matching Contributions described in Section 3.3(1)(a), which Matching Contributions shall be credited to the Executive’s Account at the same time as the underlying Salary Deferrals are credited thereto; but no earlier than when the 
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Executive has received (or has been deemed to receive) the maximum Matching Contribution available under the Savings Plan (as determined by the Administrator);
(c)Credits for the True-Up Matching Contributions described in Section 3.3(1)(b) and Non-Elective Contribution described in Section 3.4 at the time designated by the Administrator following the end of the Plan Year when the nondiscrimination test results under the Savings Plan are known;
(d)Credits for the Matching Contributions described in Section 3.3(2), which Matching Contributions shall be credited to the Executive’s Account at the same time as the underlying Bonus Deferrals are credited thereto;
(e)Credits or charges (including income, expenses, gains and losses) equal to the amounts which would have been attributable to the Executive Deferrals, Matching Contributions and Non-Elective Contributions if such amounts had been invested on a tax deferred basis in the Hypothetical Investment Fund(s) in which such amounts are deemed to have been invested under Section 6.1. The entries provided by this Subsection (5) shall continue to be made until the Executive’s entire vested Account has been distributed pursuant to Article IV;
(f)Debits for any distributions made from the Account pursuant to Article IV;
(g)Separate debits and credits shall be made to the Primary Deferrals Sub-Account and the Secondary Deferrals Sub-Account of each Executive.
SECTION vi.Statement of Account.  The Company shall deliver to each Executive a written statement of his Account not less frequently that annually as of the end of each Plan Year.
ARTICLE IV.
PAYMENT OF MIRROR SAVINGS BENEFITS
SECTION i.Time of Payment.  
(a)Payment to Executives.
(i)An Executive shall be entitled to receive his Account upon the first day of the month coincident with or next following the date that is six months after the date of the Separation from Service (or, if earlier, the date of death), except that where the Executive makes an election pursuant to Section 4.2(3)(b)(ii)(B), payment will be made on the date specified in such Section).
(ii)Notwithstanding the foregoing, the Company may at any time, upon written request of the Executive, cause to be paid to such Executive an amount equal to all or any part of the Executive’s vested Account, other than the portion of his or her Account attributable to Matching Contributions and Non-Elective Contributions, if the Administrator determines, in its sole and absolute discretion 
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based on such reasonable evidence as it may require, that such a payment or payments is necessary for the purpose of alleviating the consequences of an Unforeseeable Emergency. Payments made on account of an Unforeseeable Emergency shall be permitted only to the extent the amount does not exceed the amount reasonably necessary to satisfy the emergency need (plus an amount necessary to pay taxes reasonably anticipated as a result of the distribution) and may not be made to the extent such Unforeseeable Emergency is or may be relieved through reimbursement or compensation by insurance or otherwise, by liquidation of the Executive’s assets (to the extent such liquidation would not itself cause severe financial hardship) or, to the extent permitted by the 409A Guidance, by cessation of the Executive Deferrals under this Plan. However, the determination of amounts reasonably necessary to satisfy the emergency need is not required to take into account any additional compensation that due to the Unforeseeable Emergency is available under another nonqualified deferred compensation plan but has not actually been paid, to the extent permitted by the 409A Guidance.
(iii)Notwithstanding any provision of the Plan to the contrary, if the payment of all or any portion of an Executive’s Account would, in the sole opinion of the Company on the advice of its counsel, result in a profit recoverable by the Company under Section 16(b) of the Securities Exchange Act of 1934, but for the operation of this paragraph, then such payment (or portion thereof) shall be deferred and made at the earliest time that such payment (or portion thereof) would no longer be subject to Section 16(b), to the extent permitted by the 409A Guidance.
(b)Payment to Death Beneficiaries. The Death Beneficiary of a deceased Executive shall be entitled to receive the vested Account of the Executive upon the death of the Executive. The Executive’s vested Account shall be distributed to the Death Beneficiary on the sixtieth (60th) day after the Executive’s death.
SECTION ii.Form of Payment.  
(a)Payment in Cash. All distributions under the Plan shall be made in the form of cash.
(b)Normal Forms of Payment. 
(i)Payments to Executives.  Unless otherwise elected pursuant to Section 4.2(3), an Executive’s Account shall be distributed to the Executive in a single lump sum payment.
(ii)Payments to Death Beneficiaries. An Executive’s Mirror Savings Benefit (or the remaining installments thereof if payment to the Executive had commenced) shall be distributed to his or her Death Beneficiary in the form of a single lump sum payment.
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(iii)Small Benefits. Notwithstanding any provision of the Plan to the contrary, in the event that an Executive’s Account does not exceed $25,000, such Account shall be paid to the Executive in the form of a single lump sum payment at Separation from Service.
(c)Optional Forms of Payment for Executives.
(i)In General. An Executive who does not want his or her Mirror Savings Benefit to be paid in the normal form of benefit described in Section 4.2(2)(a) may elect to receive his Account in the form of annual installment payments payable over a period of five (5) or ten (10) years (as elected by the Executive). The amount of each installment payment will be determined by dividing the balance of the Executive’s Mirror Savings Benefit as of the distribution date for such installment payment by the total number of remaining payments (including the current payment). An Executive may make separate payment elections under this Section 4.2(3) with respect to the Executive’s Primary Deferrals Sub-Account and Secondary Deferrals Sub-Account.
(ii)Form/Timing of Election. 
(1)In General. Any election of an optional form of benefit made with respect to the Account must be in writing (on a form provided by the Administrator, which may be provided electronically) and filed with the Administrator at the time the Executive first becomes eligible to participate in the Plan and makes his initial Executive Deferral election pursuant to Section 3.1. An Executive may make separate payment elections under this Section 4.2(3)(b)(i) with respect to the Executive’s Primary Deferrals Sub-Account and Secondary Deferrals Sub-Account.
(2)Subsequent Elections. An Executive may change his election of an optional form of benefit pursuant to this Section 4.2(3)(b)(ii)(A), (B) and (C). Any change will be considered made when it becomes irrevocable under the terms of the Plan. Any properly completed subsequent election will be considered irrevocable on the date it is received and accepted by the Administrator (but not later than fifteen (15) days following receipt), subject to the following:
(a)the subsequent election may not take effect until at least twelve (12) months after the date on which the election is made;
(b)the election must be made not less than twelve (12) months before the payment is schedule to be paid; and
(c)the payment (except in the case of death, Disability or Unforeseeable Emergency) of the Executive’s Account (or the 
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Executive’s Primary Deferrals Sub-Account and Secondary Deferrals Sub-Account) pursuant to such subsequent election shall be made or commence to be made on the date that is five (5) years after the date the payment would otherwise be paid (or for installment payments treated as a single payment, the date the first amount was otherwise scheduled to be paid).
ARTICLE V.
VESTING
SECTION i.Vesting.  
(a)In General. An Executive shall always be 100% vested in his Executive Deferrals and Matching Contributions.  Executive shall become 100% vested in his Non-Elective Contributions on the date the Executive becomes vested in any non-elective contributions contributed under the Savings Plan.  Executive shall forfeit any Non-Elective Contributions to the same extent Executive forfeits any non-elective contributions under the Savings Plan. 
(b)Forfeiture Provisions.
(i)Notwithstanding the provisions of Subsection (1) hereof, but subject to the requirements of paragraph (b) of this Subsection, the Employers shall be relieved of any obligation to pay or provide any future Mirror Savings Plan Benefits under this Plan and shall be entitled to recover amounts already distributed if, without the written consent of the Company, the Executive, whether before or after termination with the Controlled Group (i) participates in dishonesty, fraud, misrepresentation, embezzlement or deliberate injury or attempted injury, in each case related to the Company or a Controlled Group member, (ii) commits any unlawful or criminal activity of a serious nature, (iii) commits any intentional and deliberate breach of a duty or duties that, individually or in the aggregate, are material in relation to the Executive’s overall duties or (iv) materially breaches any confidentiality or noncompete agreement entered into with the Company or a Controlled Group member. The Employers shall have the burden of proving that one of the foregoing events has occurred. Notwithstanding the foregoing, the provisions of this Section 5.1(2)(a) shall not apply to the portion of the Executive’s Account which is attributable to his Executive Deferrals.
(ii)Notwithstanding the foregoing, an Executive shall not forfeit any portion of his Mirror Savings Plan Benefits under paragraph (a) of this Subsection unless (i) the Executive receives reasonable notice in writing setting forth the grounds for the forfeiture, (ii) if requested by the Executive, the Executive (and/or the Executive’s counsel or other representative) is granted a hearing before the full Board of Directors of the Company (the “Board”) and (iii) a majority of the members of the full Board determine that the Executive violated one or more of the provisions of paragraph (a) of this Subsection.
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ARTICLE VI.
INVESTMENT OF ACCOUNTS
SECTION i.Hypothetical Investment Funds.  
(a)Hypothetical Investment Fund for Matching Contributions and Non-Elective Contributions. Matching Contributions and Non-Elective Contributions shall be deemed to be made in cash and invested in accordance with the Hypothetical Investment Fund election(s) in effect from time to time for Executive Deferrals under Section 6.1(2) below.
(b)Hypothetical Investment Funds for Executive Deferrals. To the extent permitted by the 409A Guidance, the Hypothetical Investment Funds for purposes of the portion of an Executive’s Account which is attributable to his Executive Deferrals shall be those same Investment Funds designated by the Company under the Savings Plan, provided, however that neither the Apergy Stock Fund nor any non-employer single stock fund available in the Savings Plan, will be a Hypothetical Investment Fund with respect to the investment of Executive Deferrals. Each Executive (or his Death Beneficiary) may elect, in a manner prescribed by the Administrator from time to time, one or more Hypothetical Investment Funds in which his Executive Deferrals are deemed to have been invested for purposes of crediting earnings and losses to the portion of the Executive’s Account which is attributable to Executive Deferrals, provided, however, that, no Executive or Death Beneficiary may elect the Apergy Stock Fund or any non-employer single stock fund available in the Savings Plan as a Hypothetical Investment Fund with respect to Executive Deferrals. The Company may deem an Executive’s Executive Deferrals to have been invested in the Hypothetical Investment Fund elected by the Executive, if any, or may instead, in its sole discretion, deem such Executive Deferrals to have been invested in one or more Hypothetical Investment Funds selected by the Company. Earnings on any amounts deemed to have been invested in any Hypothetical Investment Fund shall be deemed to have been reinvested in such Hypothetical Investment Fund. Notwithstanding the foregoing, any Executive who is subject to Section 16(b) of the Securities Exchange Act of 1934 may not elect and shall not be deemed to have directed any Executive Deferrals to the Apergy Stock Fund. An Executive shall be deemed, on the day prior to becoming subject to Section 16(b) or at such other time as he is subject to Section 16(b), to have elected to have Executive Deferrals then deemed to be invested in the Apergy Stock Fund invested in the Hypothetical Investment Fund that under the Savings Plan is designated as a default investment fund, unless another permitted election is in place.
(c)Expenses of Hypothetical Investment Funds. The Hypothetical Investment Funds shall bear and be charged with actual or hypothetical expenses to the same extent that the corresponding Investment Funds in the Savings Plan bear and are charged with such expenses, as determined by the Administrator.
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ARTICLE VII.
MISCELLANEOUS
SECTION i.Effect of Amendment and Termination.  Notwithstanding any provision of the Plan (including the Administrative Document) to the contrary, no amendment or termination of the Plan (which may only occur pursuant to Treas. Reg. §1.409A-3(i)(4)(ix) shall, without the consent of the Executive (or, in the case of his death, his Death Beneficiary), adversely affect the vested Account under the Plan of any Executive or Death Beneficiary as such Account exists on the date of such amendment or termination; provided, however, that this limitation shall not apply to any amendment or termination that is deemed necessary or reasonable (as determined in the sole discretion of the Administrator) to comply with the requirements of the 409A Guidance.
SECTION ii.Limitation on Payments and Benefits.  Notwithstanding any provision of this Plan to the contrary, if any amount or benefit to be paid or provided under this Plan or any other plan or agreement between the Executive and a Controlled Group member would be an “Excess Parachute Payment,” within the meaning of Section 280G of the Code, or any successor provision thereto, but for the application of this sentence, then the payments and benefits to be paid or provided under this Plan shall be reduced to the minimum extent necessary (but in no event to less than zero) so that no portion of any such payment or benefit, as so reduced, constitutes an Excess Parachute Payment; provided, however, that the foregoing reduction shall be made only if and to the extent that such reduction would result in an increase in the aggregate payment and benefits to be provided to the Executive, determined on an after-tax basis (taking into account the excise tax imposed pursuant to Section 4999 of the Code, or any successor provision thereto, any tax imposed by any comparable provision of state law, and any applicable federal, state and local income taxes). If requested by the Executive or the Company, the determination of whether any reduction in such payments or benefits to be provided under this Plan or otherwise is required pursuant to the preceding sentence shall be made by the Company’s independent accountants, at the expense of the Company, and the determination of the Company’s independent accountants shall be final and binding on all persons. The fact that the Executive’s right to payments or benefits may be reduced by reason of the limitations contained in this Section 7.2 shall not of itself limit or otherwise affect any other rights of the Executive pursuant to this Plan.
SECTION iii.Establishment of a Trust Fund.  
(a)In General. The Plan is intended to be an unfunded, non-qualified retirement plan. However, the Company may enter into a trust agreement with a trustee to establish a trust fund (the “Trust Fund”) and to transfer assets thereto (or cause assets to be transferred thereto), subject to the claims of the creditors of the Employers, pursuant to which some or all of the Mirror Savings Plan Benefits shall be paid. Payments from the Trust Fund shall discharge the Employers’ obligation to make payments under the Plan to the extent that Trust Fund assets are used to satisfy such obligations.
(b)
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a.Upon a Change in Control.  
i.Within thirty (30) business days of the occurrence of a Change in Control, to the extent it has not already done so, the Company shall be required to establish an irrevocable Trust Fund for the purpose of paying Mirror Savings Plan Benefits. Except as described in the following sentence, all contributions to the Trust Fund shall be irrevocable and the Company shall not have the right to direct the trustee to return to the Employers, or divert to others, any of the assets of the Trust Fund until after satisfaction of all liabilities to all of the Executives and their Death Beneficiaries under the Plan. Any assets deposited in the Trust Fund shall be subject to the claims of the creditors of the Employers and any excess assets remaining in the Trust Fund after satisfaction of all liabilities shall revert to the Company.
ii.In addition to the requirements described in paragraph (a) above, the Trust Fund which becomes effective on the Change in Control shall be subject to the following additional requirements:
1.the trustee of the Trust Fund shall be a third party corporate or institutional trustee;
2.the Trust Fund shall satisfy the requirements of a grantor trust under the Code; and
3.the Trust Fund shall automatically terminate (A) in the event that it is determined by a final decision of the United States Department of Labor (or, if an appeal is taken therefrom, by a court of competent jurisdiction) that by reason of the creation of, and a transfer of assets to, the Trust, the Trust is considered “funded” for purposes of Title I of ERISA or (B) in the event that it is determined by a final decision of the Internal Revenue Service (or, if an appeal is taken therefrom, by a court of competent jurisdiction) that (I) a transfer of assets to the Trust is considered a transfer of property for purposes of Code Section 83 or any successor provision thereto, or (II) pursuant to Code Section 451 or 409A or any successor provision thereto, amounts are includable as compensation in the gross income of a Trust Fund beneficiary in a taxable year that is prior to the taxable year or years in which such amounts would otherwise be actually distributed or made available to such beneficiary by the trustee. Upon such termination of the Trust, all of the assets in the Trust Fund attributable to the accrued Mirror Savings Plan Benefits shall be immediately distributed to the Executives (but only to the extent and in the manner permitted by the 409A Guidance), and the remaining assets, if any, shall revert to the Company.
iii.Within five (5) days following establishment of the Trust Fund, the Company shall transfer (or cause the Employers to transfer) to the trustee of such 

Trust Fund an amount equal to all 100% of the Account balances of all of the Executives under the Plan.
iv.Following the funding of the Trust Fund pursuant to paragraph (a) above, the Company shall cause to be deposited in the Trust Fund additional Executive Deferrals, Matching Contributions and Non-Elective Contributions, as such amounts are credited to the Accounts of the Executives pursuant to Section 3.5 hereof.
v.Notwithstanding the foregoing, an Employer shall not be required to make any contributions to the Trust Fund if the Employer is Insolvent at the time such contribution is required.
vi.The Administrator shall notify the trustee of the amount of Mirror Savings Plan Benefits to be paid to the Executive (or his Death Beneficiary) from the Trust Fund and shall assist the trustee in making distribution thereof in accordance with the terms of the Plan.
vii.Notwithstanding any provision of the Plan or the Administrative Document to the contrary, the provisions of this Section 7.3(2) hereof (i) may not be amended following a Change in Control and (ii) prior to a Change in Control may only be amended (A) with the written consent of each of the Executives or (B) if the effective date of such Amendment is at least two years following the date the Executives were given written notice of the adoption of such amendment; provided, however, that this limitation shall not apply to any amendment that is deemed necessary or reasonable (as determined in the sole discretion of the Administrator) to comply with the requirements of the 409A Guidance.

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IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its authorized officers and its corporate seal to be affixed, on the date written below.

						
	Dated:  June 1, 2020	CHAMPIONX LLC
		
		By:    /s/ Jordan Zweig            
        Jordan Zweig
    Vice President, Global Human Resources
 

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