Document:

CleanGoal
Energy, Corp.

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement, dated effective June 1, 2016 (this “Agreement”), is made and entered into by and between
CleanGoal Energy, Corp., a Delaware corporation (the “Company”) and Ric May (the “Consultant”).

 

Article 1 – Scope
of Work

 

		1.1	Services – The Company has engaged Consultant to provide assistance with marketing
matters, such as public relations, and to consult with management concerning various Company activities and to provide additional
services in connection with the Company’s business activities as the Company desires. Consultant will provide and counsel,
the Company on the aforementioned matters (collectively, the “consulting services”).

 

		1.2	Time and Availability – Consultant will devote all time necessary per month in performing
the services for the Company as stated herein. Consultant shall have discretion in selecting the dates and times it performs such
consulting services throughout the month giving due regard to the needs of the Company’s business. This agreement is in effect
for a period not to exceed one year from the effective date.

 

		1.3	Confidentiality – In order for Consultant to perform the consulting services, it
may be necessary for the Company to provide Consultant with Confidential Information regarding the Company’s business and
products. The Company will rely heavily upon Consultant’s integrity and prudent judgment to use this information only in
the best interests of the Company. 

 

		1.4	Standard of Conduct – In rendering consulting services under this Agreement, Consultant
shall conform to high professional standards of work and business ethics. Consultant shall not use time, materials, or equipment
of the Company without the prior written consent of the Company.

 

		1.5	Outside Services – Consultant shall have the right to use the service of any other
person, entity or organization in the performance of Consultant’s duties. Those persons, entities or organizations are expected
to observe all manners of conduct and confidentiality as the Consultant as explained by the consulting contract executed by the
Company and the Consultant. 

 

		1.6	Reports – Consultant shall periodically provide the Company with updates of his
observations and conclusions regarding the consulting services. Upon the termination of this Agreement, Consultant shall, upon
the request of the Company, prepare a final update of Consultant’s activities. 

 

Article 2 – Independent
Contractor

 

		2.1	Independent Contractor – Consultant is an independent contractor and is not an employee,
partner, or co-venturer of, or in any other service relationship with, the Company. The manner in which Consultant’s services
are rendered shall be within the Consultant’s sole control and discretion. Consultant is not authorized to speak for, represent,
or obligate the Company in any manner without the prior express written authorization from an officer of the Company.

 

		2.2	Taxes – Consultant shall be responsible for all taxes arising from compensation
and other amounts paid under this Agreement, and shall be responsible for all payroll taxes and fringe benefits of Consultant’s
employees. Neither federal, state, nor local income tax, nor payroll tax of any kind, shall be withheld or paid by the Company
on behalf of Consultant or its employees. Consultant understands that it is responsible to pay, according to law, Consultant’s
taxes and Consultant shall, when requested by the Company, properly document to the Company that any and all federal and state
taxes have been paid. 

 

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		2.3	Benefits – Consultant and Consultant’s employees will not be eligible for,
and shall not participate in, any employee pension, health, welfare, or other fringe benefit plan, or the Company. No workers’
compensation insurance shall be obtained by Company covering Consultant or Consultant’s employees.

 

Article 3 – Compensation
for Consulting Services

 

		3.1	Compensation – One Million Shares (1,000,000) of CleanGoal Energy, Corp., restricted stock for services rendered
to the Company under this Agreement, to be issued as soon as practicable. Seven Hundred and Fifty Thousand Shares are fully earned
on signing of this Agreement. The remaining balance of Two Hundred and Fifty Thousand Shares (250,000) will be earned at the rate
of Forty-One Thousand Six Hundred and Sixty-Six restricted common shares per month.

 

		3.2	Reimbursement – The Company has not agreed to or discussed any reimbursement of out-of-pocket expenses.

 

Article 4 – Term
and Termination

 

		4.1	Term – This Agreement shall be effective as of June 1, 2016, and shall continue in full force and effect until
November 1, 2016. The Company and Consultant may negotiate to extend the term of this Agreement and the terms and conditions under
which the relationship shall continue.

 

		4.2	Termination – the Company may terminate this Agreement for “Cause,” after giving Consultant written
notice of the reason. Cause means: (1) Consultant has breached the provisions of Article 5 or 7 of this Agreement in any respect,
or materially breached any other provision of this Agreement and the breach continues for 30 days following receipt of a notice
from the Company; (2) Consultant has committed fraud, misappropriation or embezzlement in connection with the Company’s business;
(3) Consultant has been convicted of a felony.

 

		4.3	Responsibility upon Termination – Any equipment provided by the Company to the Consultant in connection with or
furtherance of Consultant’s services under this Agreement, including, but not limited to, computers, laptops, and personal
management tools, shall immediately upon the termination of this Agreement, be returned to the Company.

 

		4.4	Survival – The provisions of Articles 5, 6, 7 and 8 of this Agreement shall survive the termination of this Agreement
and remain in full force and effect thereafter.

 

Article 5 – Confidential
Information 

 

		5.1	Obligation of Confidentiality – In performing consulting services under this Agreement, Consultant may be exposed
to and will be required to use certain “Confidential Information” (as hereinafter defined) of the Company. Consultant
agrees that Consultant will not and Consultant’s employees, agents or representatives will not, use, directly or indirectly,
such Confidential Information for the benefit of any person, entity or organization other than the Company, or disclose such Confidential
Information without the written authorization of the President of the Company, either during or after the term of this Agreement,
for as long as such information retains the characteristics of Confidential Information.

 

		5.2	Definition – “Confidential Information” means information, not generally known, and proprietary to
the Company or to a third party for whom the Company is performing work, including, without limitation, information concerning
any patents or trade secrets, confidential or secret designs, processes, formulae, source codes, plans, devices or material, research
and development, proprietary software, analysis, techniques, materials or designs (whether or not patented or patentable), directly
or indirectly useful in any aspect of the business of the Company, any vendor names, customer and supplier lists, databases, management
systems, geographic or research reports, and sales and marketing plans of the Company, any confidential secret development or research
work of the Company, or any other confidential information or proprietary aspects of the business of the Company. All information
which Consultant acquires or becomes acquainted with during the period of this Agreement, whether developed by Consultant or by
others, which

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Consultant has reasonable basis to believe to be
Confidential Information, or which is treated by the Company as being Confidential Information, shall be presumed to be Confidential
Information.

 

		5.3	Products of the Company – Consultant agrees that all plans, manuals and specific materials developed by the Consultant
on behalf of the Company in connection with services rendered under this Agreement, are and shall remain the exclusive property
of the Company. Promptly upon the expiration or termination of this Agreement, or upon the request of the Company, Consultant shall
return to the Company all documents and tangible items, including samples, provided to Consultant or created by Consultant for
use in connection with services to be rendered hereunder, including without limitation all Confidential Information, together with
all copies and abstracts thereof.

 

Article 6 – Rights
and Data

 

		6.1	Data – All drawings, models, designs, formulas, methods, documents and tangible
items prepared for and submitted to the Company by Consultant in connection with the services rendered under this Agreement shall
belong exclusively to the Company and shall be deemed to be works made for hire (the “Deliverable Items”). To the extent
that any of the Deliverable Items may not, by operation of law, be works made for hire, Consultant hereby assigns to the Company
the ownership of copyright or mask work in the Deliverable Items, and the Company shall have the right to obtain and hold in its
own name any trademark, copyright, or mask work registration, and any other registrations and similar protection which may be available
in the Deliverable Items. Consultant agrees to give the Company or its designees all assistance reasonably required to perfect
such rights. 

 

Article 7 – Conflict
of Interest and Non-Solicitation 

 

		7.1	

		7.1	Conflict of Interest – Consultant covenants and agrees to provide the Company
with all the necessary time and effort to be reasonably successful. 

 

		7.2	Non-Solicitation – Consultant covenants and agrees that during the term of this
Agreement, Consultant will not, directly or indirectly, through an existing corporation, unincorporated business, affiliated party,
successor employer, or otherwise, solicit, hire for employment or work with, on a part-time, consulting, advising or any other
basis, other than on behalf of the Company any employee or independent contractor employed by the Company while Consultant is performing
services for the Company, unless a relationship previously existed between the Consultant and that employee or independent contract
of the Company. 

 

Article 8 – Right
to Injunctive Relief

 

Consultant acknowledges that the terms of Articles
5, 6, and 7 of this Agreement are reasonably necessary to protect the legitimate interests of the Company, are reasonable in scope
and duration, and are not unduly restrictive. Consultant further acknowledges that a breach of any of the terms of Articles 5,
6, or 7 of this Agreement will render irreparable harm to the Company, and that a remedy at law for breach of the Agreement is
inadequate, and that the Company shall therefore be entitled to seek any and all equitable relief, including, but not limited to,
injunctive relief, and to any other remedy that may be available under any applicable law or agreement between the parties. Consultant
acknowledges that an award of damages to the Company does not preclude a court from ordering injunctive relief. Both damages and
injunctive relief shall be proper modes of relief and are not to be considered as alternative remedies.

 

Article 9 – General
Provisions

 

		8.1	

		9.1	

		9.1	Construction of Terms – If any provision of this Agreement is held unenforceable
by a court of competent jurisdiction, that provision shall be severed and shall not affect the validity or enforceability of the
remaining provisions.

 

		9.2	Governing Law – This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware. 

 

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		9.3	Complete Agreement – This Agreement constitutes the complete agreement and sets
forth the entire understanding and agreement of the parties as to the subject matter of this Agreement and supersedes all prior
discussions and understandings in respect to the subject of this Agreement, whether written or oral.

 

		9.4	Dispute Resolution – If there is any dispute or controversy between the parties
arising out of or relating to this Agreement, the parties agree that such dispute or controversy will be arbitrated in accordance
with proceedings under American Arbitration Association rules, and the Arbitration Laws of the State of Delaware. Such arbitration
will be the exclusive dispute resolution method under this Agreement. The decision and award determined by such arbitration will
be final and binding upon both parties. All costs and expenses, including reasonable attorney’s fees and expert’s fees,
of all parties incurred in any dispute which is determined and/or settled by arbitration pursuant to this Agreement will be borne
by the party determined to be liable in respect of such dispute; provided, however, that if complete liability is not assessed
against only one party, the parties will share the total costs in proportion to their respective amounts of liability so determined.
Except where clearly prevented by the area in dispute, both parties agree to continue performing their respective obligations under
this Agreement until the dispute is resolved.

 

		9.5	Modification – No modification, termination or attempted waiver of this Agreement,
or any provision thereof, shall be valid unless in writing signed by the party against whom the same is sought to be enforced.

 

		9.6	Waiver of Breach – The waiver by a party of a breach of any provision of this Agreement
by the other party shall not operate or be construed as a waiver of any other or subsequent breach by the party in breach. 

 

		9.7	Successors and Assigns – This Agreement may not be assigned by either party without
the prior written consent of the other party; provided, however, that the Agreement shall be assignable by the Company without
Consultant’s consent in the event the Company is acquired by or merged into another corporation or business entity. The benefits
and obligations of this Agreement shall be binding upon and inure to the parties hereto, their successors and assigns. 

 

		9.8	No Conflict – Consultant warrants that Consultant has not previously assumed any
obligations inconsistent with those undertaken by Consultant under this Agreement. 

 

 

IN WITNESS WHEREOF,
this Agreement is executed as of the date set forth above.

 

	CleanGoal Energy, Corp. 	 	 	Consultant
	 	 	 	 
	By: /s/ Kenneth Lelek	 	 	By: /s/ Ric May
	       Kenneth Lelek	 	 	       Ric May
	Its: President and CEO	        	 	Its: _____________________

 

     -4-Exhibit

EXECUTION COPY
AMENDMENT NO. 1 TO THE 
CREDIT AGREEMENT
Dated as of August 30, 2016
AMENDMENT NO. 1 TO THE CREDIT AGREEMENT (this “Amendment”) among XYLEM INC., an Indiana corporation (the “Company”), the banks, financial institutions and other institutional lenders party to the Credit Agreement referred to below (collectively, the “Lenders”) and CITIBANK, N.A., as agent (the “Administrative Agent”) for the Lenders.
PRELIMINARY STATEMENTS:
(1)    The Company, the Lenders and the Administrative Agent have entered into a Five-Year Revolving Credit Facility Agreement dated as of March 27, 2015 (the “Credit Agreement”).  Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.
(2)    The Company and the Required Lenders have agreed to amend the Credit Agreement as hereinafter set forth.
SECTION 1.Amendments to Credit Agreement.  The Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 3, hereby amended as follows:
(a)    Section 1.01 is amended by inserting in the appropriate alphabetical location the new defined terms:
“Bail-In Action” has the meaning specified in Section 10.20.
“Sensus Acquisition” means the direct or indirect acquisition by the Company of Equity Interests in Sensus USA Inc., a Delaware corporation, (y) Sensus Metering Systems (Luxco 1) S.à r.l., a Luxembourg société à responsabilité limitée and (z) subsidiaries of Sensus USA Inc. organized under the laws of Brazil, Mexico, Chile and Canada.
“Sensus Acquisition Agreement” means that certain Share Purchase Agreement dated as of as of August 15, 2016 among Sensus Worldwide Limited, Sensus Industries Limited, Sensus USA Inc., the Company and Xylem Luxembourg S.à r.l., a Luxembourg société à responsabilité limitée. 
“Sensus Closing Date” means the date, if any, on which the Sensus Acquisition is consummated.
(b)    The definition of “Federal Funds Effective Rate” included in the definition of “Alternate Base Rate” in Section 1.01 is amended by deleting the phrase “arranged by Federal funds brokers”.

NYDOCS02/1099022

    

(c)    The definition of “Defaulting Lender” in Section 1.01 is amended by adding to the end thereof the phrase “or a Bail-In Action”.
(d)    Section 6.05 is amended in full to read as follows:
Leverage Ratio.  At any time permit the Leverage Ratio to be greater than 3.5 to 1.00; provided that, for the period, if any, beginning with the Sensus Closing Date and ending on (and including) the last day of the fourth full fiscal quarter ended after the Sensus Closing Date, the Company will not permit the Leverage Ratio at any time to exceed 4.00 to 1.00.
Notwithstanding anything to the contrary set forth herein, until (and including) the earlier of (A) the Sensus Closing Date and (B) the date on which the Sensus Acquisition Agreement terminates or expires, any Indebtedness incurred by the Company or any of its Subsidiaries to finance the Sensus Acquisition shall be disregarded for the purpose of determining compliance with this Section 6.05 to the extent that, and so long as, the cash proceeds of such Indebtedness are either held in escrow on customary terms or are held by the Company or any of its Subsidiaries as unrestricted cash or cash equivalents.
(e)    A new Section 10.20 is added to read as follows:
SECTION 10.20.  Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a)    the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and
(b)    the effects of any Bail-In Action on any such liability, including, if applicable:
(i)    a reduction in full or in part or cancellation of any such liability;
(ii)    a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or
(iii)    the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority.

NYDOCS02/1099022

    

As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 
“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time.   
“Loan Market Association” means the London trade association, which is the self-described authoritative voice of the syndicated loan markets in Europe, the Middle East and Africa.
“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
SECTION 2.    Conditions of Effectiveness.  This Amendment shall become effective as of the date first above written when, and only when, the Administrative Agent shall have received counterparts of this Amendment executed by the Company and Lenders constituting Required Lenders.

NYDOCS02/1099022

    

SECTION 3.    Representations and Warranties of the Company.  The Company represents and warrants that (i) the representations and warranties set forth in Article III of the Credit Agreement are correct in all material respects on and as of the date hereof, as though made on and as of the date hereof (except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct in all material respects on and as of as of such earlier date) and (ii) no Event of Default or Default has occurred and is continuing.
SECTION 4.    Reference to and Effect on the Loan Documents.  (a)  On and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes and other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.
(b)    The Credit Agreement (including, without limitation, the guarantee contained in Article VIII thereof) and the Notes and each other Loan Document, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.  
(c)    The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under the Credit Agreement or any Notes or any other Loan Document, nor constitute a waiver of any provision of the Credit Agreement or any Notes or any other Loan Document.
(d)    This Amendment constitutes a Loan Document and is subject to the provisions of Section 10.07 of the Credit Agreement.
SECTION 5.    Costs and Expenses.  The Company agrees to pay all reasonable out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment (including, without limitation, the reasonable fees and expenses of counsel for the Administrative Agent) in accordance with the terms of Section 10.05 of the Credit Agreement.  
SECTION 6.    Execution in Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement.  Delivery of an executed counterpart of a signature page to this Amendment by telecopier or electronic transmission (PDF) shall be effective as delivery of a manually executed counterpart of this Amendment.
SECTION 7.    Governing Law.  This Amendment shall be governed by, and construed in accordance with, the law of the State of New York.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.
XYLEM INC.
By:  /s/ Samir Patel                       
Name:  Samir Patel
Title:  Vice President & Treasurer
CITIBANK, N.A., as Administrative Agent
By: /s/ Susan M. Olsen                 
Name: Susan M. Olsen 
Title:  Vice President
    

NYDOCS02/1099022

    

SIGNATURE PAGE
 
CONSENT to Amendment No. 1 to the Five-Year Revolving Credit Facility Agreement dated as of March 27, 2015 of XYLEM INC.
    

Australia and New Zealand Banking Group Limited

by /s/ Robert Grillo                                
       Name: Robert Grillo
       Title:  Director

BNP Paribas

by /s/ Juliene Pecoud-Bouvet                            
       Name: Juliene Pecoud-Bouvet
       Title:  Vice President

by /s/ Karim Remtoula                              
       Name: Karim Remtoula
       Title:  Vice President

Citibank, N.A.

by /s/ Maureen P. Maroney                              
       Name: Maureen P. Maroney
       Title:  Vice President

DEUTSCHE BANK AG NEW YORK BRANCH

by /s/ Virginia Cosenza                              
       Name: Virginia Cosenza
       Title:  Vice President

by /s/ Ross Levitsky                            
       Name: Ross Levitsky
       Title:  Managing Director

Svenska Handelsbanken AB (publ), New York Branch

by /s/ Jonas Almhöjd                            
       Name: Jonas Almhöjd
       Title:  Senior Vice President

by /s/ Mark Emmett                              
       Name: Mark Emmett
       Title:  Vice President

NYDOCS02/1099022

    

ING Branch N.V., Dublin Branch

by /s/ Padraig Matthews                            
       Name: Padraig Matthews
       Title:  Vice President

by /s/ Sean Hassett                            
       Name: Sean Hassett
       Title:  Director

Intesa Sanpaolo S.p.A., New York Branch

by /s/ John J. Michalisin                            
       Name: John J. Michalisin
       Title:  Senior Relationship Manager

by /s/ Francesco Di Mario                           
       Name: Francesco Di Mario
       Title:  FVP & Head of Credit

JPMORGAN CHASE BANK, N.A., 

by /s/ Gene Riego de Dios                           
       Name: Gene Riego de Dios
       Title:  Vice President

MIZUHO BANK, LTD. 

by /s/ Donna DeMagistris                          
       Name: Donna DeMagistris
       Title:  Authorized Signatory

The Bank of Tokyo-Mitsubishi UFJ, Ltd. 

by /s/ Adrienne Young                       
       Name: Adrienne Young
       Title:  Vice President

SEB AG

by /s/ Jügen Baudisch                            
       Name: Jürgen Baudisch
       Title: Authorized Signatory

by /s/ Ines Walter                          
       Name: Ines Walter
       Title: Authorized Signatory

NYDOCS02/1099022

    

SOCIETE GENERALE 

by /s/ Nigel Elvey                      
       Name: Nigel Elvey
       Title:  Director

TD Bank, N.A. 

by /s/ Christopher Matheson                    
       Name: Christopher Matheson
       Title:  Director

U.S. Bank National Association

by /s/ Ken Gorski                  
       Name: Ken Gorski
       Title:  Vice President

WELLS FARGO, NATIONAL ASSOCIATION

by /s/ Thomas Molitor                
       Name: Thomas Molitor
       Title:  Managing Director

__________________________
1 For any Lender requiring a second signature line.

NYDOCS02/1099022

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