Document:

Exhibit 4.3
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                           THIRD AMENDED AND RESTATED

                             SHAREHOLDERS' AGREEMENT

                                  BY AND AMONG

                              CELANESE CORPORATION,

                  BLACKSTONE CAPITAL PARTNERS (CAYMAN) LTD. 1,

                  BLACKSTONE CAPITAL PARTNERS (CAYMAN) LTD. 2,

                  BLACKSTONE CAPITAL PARTNERS (CAYMAN) LTD. 3,

                                       AND

                     BA CAPITAL INVESTORS SIDECAR FUND, L.P.

                          DATED AS OF OCTOBER 31, 2005

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                                TABLE OF CONTENTS

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Article I.     INTRODUCTORY MATTERS............................................1
         1.1   Defined Terms...................................................1
         1.2   Construction....................................................3

Article II.    TRANSFERS.......................................................3
         2.1   Limitations on Transfer.........................................3

Article III.   CORPORATE GOVERNANCE MATTERS....................................4
         3.1   Board of Directors..............................................4
         3.2   Proxy...........................................................4
         3.3   Notice Regarding Changes in Ownership...........................5

Article IV.    COVENANTS.......................................................5
         4.1   Books and Records; Access.......................................5
         4.2   Periodic Reporting..............................................5
         4.3   Confidentiality.................................................6
         4.4   Indemnification.................................................6
         4.5   Expenses and Fees...............................................6
         4.6   Use of Shareholders' Names......................................7

Article V.     MISCELLANEOUS...................................................7
         5.1   Additional Securities Subject to Agreement......................7
         5.2   Recapitalization, Exchange, Etc.................................7
         5.3   Termination.....................................................7
         5.4   Notices.........................................................7
         5.5   Further Assurances..............................................8
         5.6   Assignment......................................................9
         5.7   Amendment; Waiver...............................................9
         5.8   Third Parties...................................................9
         5.9   Governing Law...................................................9
         5.10  Jurisdiction....................................................9
         5.11  MUTUAL WAIVER OF JURY TRIAL.....................................9
         5.12  Specific Performance............................................9
         5.13  Entire Agreement...............................................10
         5.14  Titles and Headings............................................10
         5.15  Severability...................................................10
         5.16  Counterparts...................................................10

                                       i

               THIRD AMENDED AND RESTATED SHAREHOLDERS' AGREEMENT

                  THIRD AMENDED AND RESTATED SHAREHOLDERS' AGREEMENT, dated as
of October 31, 2005, by and among Celanese Corporation, a Delaware corporation
(formerly known as Blackstone Crystal Holdings Capital Partners (Cayman) IV
Ltd.) (the "Company"), Blackstone Capital Partners (Cayman) Ltd. 1 ("BCP 1"),
Blackstone Capital Partners (Cayman) Ltd. 2 ("BCP 2"), Blackstone Capital
Partners (Cayman) Ltd. 3 ("BCP 3" and, together with BCP 1 and BCP 2 and their
respective successors and Permitted Assigns (as hereinafter defined), the
"Blackstone Entities"), each an exempted company incorporated under the laws of
the Cayman Islands, and BA Capital Investors Sidecar Fund, L.P., a Cayman
Islands limited partnership ("BACI"). Each of the Blackstone Entities and BACI
and their respective successors and Permitted Assigns are sometimes referred to
individually as a "Shareholder" and together as the "Shareholders."

                                   BACKGROUND:

                  WHEREAS, in connection with the consummation of the voluntary
public takeover offer by a subsidiary of the Company for all of the outstanding
registered ordinary shares of Celanese AG (the "Offer"), the Blackstone Entities
and BACI acquired ordinary shares, par value $0.01 per share, of the Company
(the "Ordinary Shares");

                  WHEREAS, the Blackstone Entities and BACI entered into the
Shareholders' Agreement, dated as of April 6, 2004 (as subsequently amended and
restated as of November 1, 2004 and as of January 18, 2005, the "Original
Agreement") to provide for certain matters relating to their respective holdings
of Ordinary Shares and the governance of the Company;

                  WHEREAS, on November 3, 2004, the Company migrated from the
Cayman Islands to the State of Delaware, redomiciled itself as a Delaware
corporation and changed its name from "Blackstone Crystal Holdings Capital
Partners (Cayman) IV Ltd." to "Celanese Corporation"; and

                  WHEREAS, in connection with, and effective upon, the
consummation of the Secondary Offering (as defined in Section 1.1) of the
Company, the parties to the Original Agreement wish to amend and restate the
Original Agreement in its entirety in order to set forth certain understandings
regarding the governance of the Company and the relationship among the Company
and the Shareholders.

                  NOW, THEREFORE, the parties agree as follows:

                      ARTICLE I.   INTRODUCTORY MATTERS

                  1.1 Defined Terms. In addition to the terms defined elsewhere
herein, the following terms have the following meanings when used herein with
initial capital letters:

                  "Affiliate" means, with respect to any Person, (i) any Person
         that directly or indirectly controls, is controlled by or is under
         common control with, such Person or (ii) any director, officer, member,
         partner (including limited partners) or employee of such Person or any
         Person specified in clause (i) above; provided that officers, directors
         or employees of the Company will be deemed not to be Affiliates of the
         Shareholders for purposes hereof solely by reason of being officers,
         directors or employees of the Company.

                  "Agreement" means this Third Amended and Restated
         Shareholders' Agreement, as the same may be amended, supplemented,
         restated or otherwise modified from time to time in accordance with the
         terms hereof.

                                                                              2

                  "BACI" has the meaning set forth in the preamble.

                  "BCP 1" has the meaning set forth in the preamble.

                  "BCP 2" has the meaning set forth in the preamble.

                  "BCP 3" has the meaning set forth in the preamble.

                  "Blackstone Entities" has the meaning set forth in the
         preamble.

                  "Blackstone Representative" means the Blackstone Entity
         designated from time to time by all of the Blackstone Entities to serve
         as the representative of the Blackstone Entities for certain purposes
         hereunder.

                  "Board" means the board of directors of the Company.

                  "Business Day" means a day other than a Saturday, Sunday,
         federal or New York State holiday or other day on which commercial
         banks in New York City are authorized or required by law to close.

                  "Certificate of Incorporation" means the second amended and
         restated certificate of incorporation of the Company, as the same may
         be amended, supplemented, restated or otherwise modified from time to
         time in accordance with the terms hereof.

                  "Company" has the meaning set forth in the preamble.

                  "Common Stock" means the shares of Series A common stock par
         value $0.0001 per share, of the Company, and any other capital stock of
         the Company into which such stock is reclassified or reconstituted and
         any other common stock of the Company.

                  "Common Stock Equivalents" means any security or obligation
         which is by its terms convertible, exchangeable or exercisable into or
         for shares of Common Stock, whether at the time of issuance or upon the
         passage of time or the occurrence of some future event.

                  "Director" means any member of the Board.

                  "Exchange Act" means the Securities Exchange Act of 1934, as
         amended, and the rules and regulations promulgated thereunder, as the
         same may be amended from time to time.

                  "Offer" has the meaning set forth in the preamble.

                  "Ordinary Shares" has the meaning set forth in the preamble.

                  "Original Agreement" has the meaning set forth in the
         preamble.

                  "Permitted Assigns" means with respect to any Shareholder, a
         Transferee of shares of Common Stock of such Shareholder that agrees to
         become party to, and to be bound to the same extent as its transferor
         by the terms of, this Agreement.

                  "Person" means any individual, corporation, limited liability
         company, partnership, trust, joint stock company, business trust,
         unincorporated association, joint venture, governmental authority or
         other legal entity of any nature whatsoever.

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                  "Preferred Stock" means the shares of preferred stock, par
         value $0.01 per share, of the Company and any other capital stock of
         the Company into which such stock is designated, reclassified or
         reconstituted, and any other preferred stock of the Company.

                  "Public Offering" means a sale of common equity or equivalent
         securities of the Company to the public pursuant to an effective
         registration statement (other than a registration statement on Form S-4
         or S-8 or any similar or successor form) filed under the Securities
         Act.

                  "Registration Rights Agreement" means the Amended and Restated
         Registration Rights Agreement dated as of January 26, 2005, among the
         Company and the Shareholders, as such agreement may be amended,
         supplemented or otherwise modified from time to time.

                  "Related Persons" has the meaning set forth in Section 4.4.

                  "Secondary Offering" means the sale of up to 23,000,000 shares
         of Common Stock by certain stockholders of the Company pursuant to the
         Registration Statement on Form S-1 (Registration No. 333-127902).

                  "Securities Act" means the U.S. Securities Act of 1933, as
         amended, and the rules and regulations promulgated thereunder, as the
         same may be amended from time to time.

                  "Shareholder" or "Shareholders" has the meaning set forth in
         the preamble.

                  "Transfer" means a transfer, sale, assignment, pledge,
         hypothecation or other disposition, whether directly or indirectly
         pursuant to the creation of a derivative security, the grant of an
         option or other right, the imposition of a restriction on disposition
         or voting or transfer by operation of law. When used as a verb,
         "Transfer" shall have the correlative meaning. In addition,
         "Transferred" and "Transferee" shall have the correlative meanings.

                  1.2 Construction. The language used in this Agreement will be
deemed to be the language chosen by the parties to express their mutual intent,
and no rule of strict construction will be applied against any party. Unless the
context otherwise requires: (a) "or" is disjunctive but not exclusive, (b) words
in the singular include the plural, and in the plural include the singular, and
(c) the words "hereof", "herein", and "hereunder" and words of similar import
when used in this Agreement refer to this Agreement as a whole and not to any
particular provision of this Agreement, and Section references are to this
Agreement unless otherwise specified.

                           ARTICLE II.   TRANSFERS

                  2.1 Limitations on Transfer. (a) There shall be no limitations
or restrictions on the Transfer of shares of Common Stock by any Shareholder
other than as provided in this Agreement and applicable law.

                  (b)    Each certificate representing shares of Common Stock
held by any Shareholder will bear a legend substantially to the following
effect:

         "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
         TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS THEY HAVE BEEN REGISTERED
         UNDER THAT ACT OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE."

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The foregoing legend shall only be removed if at such time it is no longer
required for purposes of applicable securities laws.

                  (c)    Any Transfer by a Shareholder shall be effective only
upon receipt by the Company of information reasonably satisfactory to it,
demonstrating that such Transfer is exempt from or not subject to the provisions
of Section 5 of the Securities Act and any other applicable securities laws (for
such purpose, an opinion of Kirkland & Ellis LLP, or other counsel reasonably
acceptable to the Company, to that effect shall constitute such reasonably
satisfactory information).

                 ARTICLE III.   CORPORATE GOVERNANCE MATTERS

                  3.1 Board of Directors. (a)    For so long as the Blackstone
Entities (or their respective designated Affiliates) hold at least twenty-five
percent (25%) in voting power of all shares of the Company's capital stock
entitled to vote generally in the election of Directors, the Blackstone Entities
shall be entitled, but not required, to nominate all nominees for election to
the Board, other than any Directors entitled to be designated by the holders of
the Preferred Stock pursuant to the Certificate of Incorporation. Each of the
Blackstone Entities shall take all action necessary to effect such nominations
to the Board. Any Director not so nominated by the Blackstone Entities pursuant
to this Section 3.1 shall be nominated in accordance with the Certificate of
Incorporation. The termination of the rights of the Blackstone Entities under
this Section 3.1(a) shall in no way affect the rights of the Blackstone Entities
as holders of shares of Common Stock. BACI shall have no obligation under this
Section 3.1(a) to take any actions to effect any nominations to the Board under
this Section 3.1(a).

                  (b)    Each of the Blackstone Entities hereby agrees to take
such actions provided for under the terms of the shares of Common Stock held by
them, in each case to elect the nominees referred to in Section 3.1(a) to the
Board. If, following an election to the Board pursuant to this Section 3.1, any
Director nominated by a Blackstone Entity shall resign or be removed or be
unable to serve for any reason prior to the expiration of his or her term as a
Director, the Blackstone Entities may notify the Board in writing of a
replacement nominee and each of the Blackstone Entities hereby agree to take
such actions provided for under the terms of the shares of Common Stock held by
them, in each case to elect such nominee to the Board.

                  (c)    The Company will pay all reasonable out-of-pocket
expenses incurred by the Directors in connection with their participation in
meetings of the Board (and committees thereof), as well as such expenses of the
members of the boards of directors or comparable governing bodies (and
committees thereof) of the subsidiaries of the Company. Each Director, in his or
her capacity as such, shall be entitled to the same reimbursement,
indemnification and insurance as any other Director receives in his or her
capacity as such.

                  3.2 Proxy. BACI hereby irrevocably appoints as its proxy and
attorney-in-fact Chinh Chu, Benjamin J. Jenkins and Anjan Mukherjee, in their
respective capacities as directors of BCP 1, and any other Person designated in
writing by BCP 1, each of them individually, with full power of substitution, to
vote or execute written consents with respect to all shares of Common Stock held
by BACI with respect to all matters to be acted upon by the stockholders of the
Company at any time and from time to time during the term of this Agreement
(except as such proxy shall be earlier revoked as provided below). This proxy is
coupled with an interest and shall be irrevocable prior to the termination of
this Agreement with respect to BACI in accordance with the terms hereof (upon
which termination it shall be automatically revoked); provided that upon the
Transfer of shares of Common Stock held by BACI in accordance with the terms of
this Agreement, this proxy shall be automatically revoked, solely with respect
to the shares so Transferred; provided, further that at such time as the
Blackstone Entities and BACI own an aggregate percentage of shares of Common
Stock outstanding less than 50%, this proxy

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shall be automatically revoked, with respect to all of the shares of Common
Stock held by BACI. BACI shall take such further action or execute such other
instruments as may be necessary to effectuate the intent of this proxy and
hereby revokes any proxy previously granted by BACI with respect to any shares
of Common Stock held by BACI. BCP 1 may terminate this proxy at any time at its
sole election by written notice provided to BACI. Upon BACI's written request to
BCP 1, BCP 1 will notify BACI of the aggregate ownership percentage of Common
Stock outstanding that the Blackstone Entities own as of the date of such
notice.

                  3.3 Notice Regarding Changes in Ownership. BACI and the
Blackstone Entities hereby agree to notify the other in the event of any
Transfer of shares of Common Stock held by it or them, as applicable, and any
other information relating thereto; provided that the foregoing notification
obligation pursuant to this Section 3.3. shall terminate upon the revocation or
termination of the proxy specified in Section 3.2.

                           ARTICLE IV.   COVENANTS

                  4.1 Books and Records; Access. The Company shall, and shall
cause its subsidiaries to, keep proper books, records and accounts, in which
full and correct entries shall be made of all financial transactions and the
assets and business of the Company and each of its subsidiaries in accordance
with generally accepted accounting principles. The Company shall, and shall
cause its subsidiaries to, permit any Blackstone Entity and its designated
representatives, at reasonable times and upon reasonable prior notice to the
Company, to review the books and records of the Company or any of such
subsidiaries and to discuss the affairs, finances and condition of the Company
or any of such subsidiaries with the officers of the Company or any such
subsidiary.

                  4.2 Periodic Reporting. (a) The Company shall deliver or cause
to be delivered to each Blackstone Entity:

                  (i) as soon as available, but not later than ninety (90) days
         after the end of each fiscal year of the Company, a copy of the audited
         consolidated balance sheet of the Company and its subsidiaries as of
         the end of such fiscal year and the related statements of operations
         and cash flows for such fiscal year, setting forth in each case in
         comparative form the figures for the previous year, all in reasonable
         detail;

                  (ii) commencing with the fiscal period ending after September
         30, 2004, as soon as available, but in any event not later than forty
         five (45) days after the end of each of the first three fiscal quarters
         of each fiscal year, the unaudited consolidated balance sheet of the
         Company and its subsidiaries, and the related statements of operations
         and cash flows for such quarter and for the period commencing on the
         first day of the fiscal year and ending on the last day of such
         quarter;

                  (iii) to the extent otherwise prepared by the Company,
         operating and capital expenditure budgets and periodic information
         packages relating to the operations and cash flows of the Company and
         its subsidiaries; and

                  (iv) such other reports and information as may be reasonably
         requested by such Blackstone Entity.

                  (b) The Company shall deliver or cause to be delivered to each
Shareholder all tax information (including information prepared in accordance
with United States federal income tax principles) regarding the Company, its
subsidiaries and its direct and indirect owners as (i) is necessary

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for a Shareholder to (A) prepare accurately all tax returns (including, but not
limited to, United States federal income tax returns) required to be filed by
such Shareholder with respect to its investment in the Company and (B) comply
with any tax reporting requirements (including, but not limited to, any tax
reporting requirements imposed by United States federal income tax laws) imposed
as a result of such Shareholder's ownership of an equity interest in the Company
or (ii) is reasonably requested by a Shareholder to engage in such Shareholder's
own tax planning with respect to its investment in the Company.

                  4.3 Confidentiality. Except as required by law or other legal
proceeding or regulatory process, each party hereto will, and will cause each of
their respective subsidiaries, Affiliates and representatives to, maintain in
confidence, any non-public or confidential proprietary information furnished to
them by or on behalf of any other party or its representatives in connection
with this Agreement or the transactions contemplated hereby. All information
provided under this Agreement shall be deemed confidential; provided, however,
that information shall not be deemed confidential if (a) at the time of
disclosure, such information is generally available to and known by the public
(other than as a result of a disclosure directly by the recipient or any of its
representatives), (b) such information was available to the recipient on a
non-confidential basis from a source that is not and was not prohibited from
disclosing such information to the recipient by a contractual, legal or
fiduciary obligation or (c) such information is known to the recipient prior to
or independently of its relationship with the party providing such information.

                  4.4 Indemnification. The Company shall indemnify and hold
harmless, to the full extent permitted by law, each of Blackstone LR Associates
(Cayman) IV Ltd, Blackstone Management Associates (Cayman) IV L.P., Blackstone
Capital Partners (Cayman) IV L.P., Blackstone Capital Partners (Cayman) IV-A
L.P., Blackstone Family Investment Partnership (Cayman) IV-A L.P., Blackstone
Chemical Coinvest Partners (Cayman) L.P., Blackstone Participation Partnership
IV L.P., BCP 1, BCP 2 and BCP 3, BACI and each of their directors, officers,
employees, shareholders, general partners, limited partners, members, advisory
directors, managing directors and affiliates (other than the Company and its
subsidiaries) (and directors, officers, employees, shareholders, general
partners, limited partners, members, advisory directors, managing directors and
controlling persons thereof) (collectively, "Related Persons"), against any and
all losses, claims, damages or liabilities, joint or several, and expenses
(including without limitation, reasonable attorneys' fees and any and all
reasonable expenses incurred investigating, preparing or defending against any
litigation, commenced or threatened, or any claim, and any and all amounts paid
in any settlement of any such claim or litigation) to which such Related Person
may become subject, insofar as such losses, claims, damages or liabilities (or
actions or proceedings in respect thereof) or expenses arise out of or are based
upon the Offer or the other transactions contemplated thereby. Such
indemnification obligation shall be in addition to any liability that the
Company may otherwise have to any other such Related Person. The provisions of
this Section 4.4 are intended to be for the benefit of, and shall be enforceable
by, each Related Person and its respective successors, heirs and
representatives.

                  4.5 Expenses and Fees. The Company shall reimburse the
Blackstone Entities and their respective Affiliates for their respective
reasonable out-of-pocket fees and expenses incurred in connection with the Offer
and the Secondary Offering, subject to receipt of documentation thereof
reasonably acceptable to the Company. The Company shall reimburse BACI for its
reasonable out-of-pocket fees and expenses incurred in connection with (x) its
subscription for Ordinary Shares acquired in connection with the consummation of
the Offer (including, without limitation, due diligence investigation, and the
negotiation of the commitment letter and agreements, in each case relating to
such subscription) and (y) this Agreement and the Secondary Offering, subject to
receipt of documentation thereof reasonably acceptable to the Company. Any
reimbursement by the Company of any out-of-

                                                                              7

pocket fees and expenses incurred by the Blackstone Entities or BACI pursuant to
this Section 4.5 shall be subject to the Registration Rights Agreement.

                  4.6 Use of Shareholders' Names. Neither any Shareholder nor
the Company shall use the name of any Shareholder in connection with the
business or affairs of the Company, including for purposes of publicity, public
relations, marketing or fundraising, without obtaining the prior written consent
of the Shareholder whose name is proposed to be used, except (a) as required by
law or other legal proceeding or regulatory process or (b) for the listing of a
Shareholder as a beneficial owner of registered ordinary shares of Celanese AG
and/or any other entity for which public disclosure of such beneficial ownership
is required or advisable, subject, in the case of these clauses (a) and (b), to
prior review and comment by such Shareholder to the extent practicable under the
circumstances.

                          ARTICLE V.   MISCELLANEOUS

                  5.1 Additional Securities Subject to Agreement. Each
Shareholder agrees that any capital stock of the Company which it hereafter
acquires by means of a stock split, stock dividend, distribution, exercise of
options or warrants, additional equity subscription, reorganization,
redomiciliation or otherwise (other than pursuant to a Public Offering) will be
subject to the provisions of this Agreement to the same extent as if held on the
date hereof. If any Shareholder is issued any Common Stock Equivalents, the
Shareholders agree to amend this Agreement to the extent necessary to reflect
such issuance in a manner consistent with the terms and conditions hereof.

                  5.2 Recapitalization, Exchange, Etc. The provisions of this
Agreement shall apply, to the full extent set forth herein with respect to the
Common Stock and Common Stock Equivalents, to any and all shares, Common Stock
Equivalents or other securities of the Company or any successor to the Company
that may be issued in respect of, in exchange for, or in substitution of the
Common Stock or Common Stock Equivalents. If, and as often as, there are any
changes in the Common Stock or the Common Stock Equivalents, by way of any
reclassifications or through merger, consolidation, reorganization,
recapitalization, redomiciliation or by any other means occurring after the date
of this Agreement, appropriate adjustment shall be made to the provisions of
this Agreement, as may be required, so that the rights, privileges, duties and
obligations hereunder shall continue with respect to the Common Stock and Common
Stock Equivalents as so changed.

                  5.3 Termination. This Agreement shall terminate with respect
to any Shareholder, on the date of which such Shareholder ceases to hold any
shares of Common Stock, except that Sections 4.3 and 4.4 shall survive such
termination.

                  5.4 Notices. Any notice, request, instruction or other
document to be given hereunder by any party hereto to another party hereto shall
be in writing, shall be and shall be deemed given when (a) delivered personally,
(b) five (5) Business Days after being sent by certified or registered mail,
postage prepaid, return receipt requested, (c) one (1) Business Day after being
sent by Federal Express or other nationally recognized overnight courier, or
(iv) if transmitted by facsimile if confirmed within 24 hours thereafter a
signed original sent in the manner provided in clause (a), (b) or (c) to the
parties at the following addresses (or at such other address for a party as
shall be specified by notice from such party):

              if to the Company:

                    Celanese Corporation
                    1601 West LBJ Freeway
                    Dallas, Texas 75234-6034
                    Attention: Curtis S. Shaw
                    Fax: (972) 332-9022

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                    With a copy to:

                    Celanese Corporation
                    550 U.S. Highway 202/206
                    Bedminster, New Jersey 07921-1590
                    Attention: Senior SEC Counsel
                    Fax: (908) 901-4808

              if to any Blackstone Entity:

                    The Blackstone Group L.P.
                    345 Park Avenue
                    New York, New York 10154
                    Attention: Chinh Chu
                    Fax: (212) 583-5722

              with a copy to:

                    Simpson Thacher & Bartlett LLP
                    425 Lexington Avenue
                    New York, New York 10017
                    Attention: William R. Dougherty, Esq.
                    Fax: (212) 455-2502

              if to BACI:

                    BA Capital Investors Sidecar Fund, L.P.
                    c/o Banc of America Capital Investors, L.P.
                    Banc of America Corporate Center
                    100 North Tryon Street, 25th Floor
                    Charlotte, NC 28255
                    Attention: J. Travis Hain
                    Fax: (704) 386-6432

              with a copy to:

                    Kirkland & Ellis LLP
                    200 East Randolph Drive
                    Chicago, IL 60601
                    Attention: Margaret A. Gibson, P.C.
                    Fax: (312) 861-2200

                  5.5 Further Assurances. The parties hereto will sign such
further documents, cause such meetings to be held, resolutions passed, exercise
their votes and do and perform and cause to be done such further acts and things
as may be necessary in order to give full effect to this Agreement and every
provision hereof.

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                  5.6 Assignment. This Agreement will inure to the benefit of
and be binding on the parties hereto and their respective successors and
Permitted Assigns. Except as specifically provided herein, this Agreement may
not be assigned by BACI without the express prior written consent of the
Blackstone Representative, and any attempted assignment, without such consents,
will be null and void. The rights of any Blackstone Entity under this Agreement
may be assigned by such Blackstone Entity to any Transferee of Common Stock held
by such Blackstone Entity, provided such Transferee becomes a Permitted Assign.
This Section 5.6. shall in no way restrict any Transfer of shares of Common
Stock by any Shareholder that is otherwise permitted by this Agreement.

                  5.7 Amendment; Waiver. This Agreement may be amended,
supplemented or otherwise modified only by a written instrument executed by the
Company and Shareholders holding a majority of the shares of Common Stock
subject to this Agreement; provided that no such amendment, supplement or other
modification shall adversely affect the interests of any Shareholder hereunder
disproportionately to other Shareholders without the written consent of such
Shareholder; and provided, further, that no such amendment, supplement or
modification shall adversely affect BACI in any material respect without the
written consent of the holders of a majority of the shares of Common Stock held
by BACI. No waiver by any party of any of the provisions hereof will be
effective unless explicitly set forth in writing and executed by the party so
waiving. Except as provided in the preceding sentence, no action taken pursuant
to this Agreement, including without limitation, any investigation by or on
behalf of any party, will be deemed to constitute a waiver by the party taking
such action of compliance with any covenants or agreements contained herein. The
waiver by any party hereto of a breach of any provision of this Agreement will
not operate or be construed as a waiver of any subsequent breach.

                  5.8 Third Parties. Except as provided in Section 4.4, this
Agreement does not create any rights, claims or benefits inuring to any person
that is not a party hereto nor create or establish any third party beneficiary
hereto.

                  5.9 Governing Law. This Agreement will be governed by, and
construed in accordance with, the laws of the State of New York.

                  5.10 Jurisdiction. The courts of the State of New York in New
York County and the United States District Court for the Southern District of
New York shall have jurisdiction over the parties with respect to any dispute or
controversy between them arising under or in connection with this agreement and,
by execution and delivery of this agreement, each of the parties to this
Agreement submits to the exclusive jurisdiction of those courts, including but
not limited to the in personam and subject matter jurisdiction of those courts,
waives any objections to such jurisdiction on the grounds of venue or forum non
conveniens, the absence of in personam or subject matter jurisdiction and any
similar grounds, consents to service of process by mail (in accordance with the
notice provisions of this Agreement) or any other manner permitted by law, and
irrevocably agrees to be bound by any judgment rendered thereby in connection
with this Agreement.

                  5.11 MUTUAL WAIVER OF JURY TRIAL. THE PARTIES HERETO WAIVE ALL
RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO ENFORCE OR
DEFEND ANY RIGHTS OR REMEDIES UNDER THIS AGREEMENT.

                  5.12 Specific Performance. The Company and each Shareholder
acknowledge and agree that in the event of any breach of this Agreement by any
of them, the Shareholders and the Company would be irreparably harmed and could
not be made whole by monetary damages. Each party accordingly agrees to waive
the defense in any action for specific performance that a remedy at law would be
adequate and that the parties, in addition to any other remedy to which they may
be entitled at law or in equity, shall be entitled to compel specific
performance of this Agreement.

                                                                             10

                  5.13 Entire Agreement. This Agreement, together with the
Registration Rights Agreement and sets forth the entire understanding of the
parties hereto with respect to the subject matter hereof. There are no
agreements, representations, warranties, covenants or undertakings with respect
to the subject matter hereof and thereof other than those expressly set forth
herein and therein. This Agreement, together with the Registration Rights
Agreement, supersedes all other prior agreements and understandings between the
parties, with respect to such subject matter.

                  5.14 Titles and Headings. The section headings contained in
this Agreement are for reference purposes only and will not affect the meaning
or interpretation of this Agreement.

                  5.15 Severability. If one or more of the provisions,
paragraphs, words, clauses, phrases or sentences contained herein, or the
application thereof in any circumstances, is held invalid, illegal or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision, paragraph, word, clause, phrase or
sentence in every other respect and of the remaining provisions, paragraphs,
words, clauses, phrases or sentences hereof shall not be in any way impaired, it
being intended that all rights, powers and privileges of the parties hereto
shall be enforceable to the fullest extent permitted by law.

                  5.16 Counterparts. This Agreement may be executed in any
number of counterparts, each of which will be deemed to be an original and all
of which together will be deemed to be one and the same instrument.

                  5.17 Effectiveness. This Agreement shall become effective upon
the consummation of the Secondary Offering and prior thereto shall be of no
force or effect. Until the effectiveness of this Agreement, the Original
Agreement shall remain in full force and effect in accordance with its terms. If
the Secondary Offering is not consummated on or prior to November 15, 2005, this
Agreement shall automatically be of no force or effect and the Original
Agreement shall continue in full force and effect in accordance with its terms.

                  IN WITNESS WHEREOF, each of the undersigned has executed this
Agreement or caused this Agreement to be executed on its behalf as of the date
first written above.

                        CELANESE CORPORATION

                              By: /s/ David N. Weidman
                                  --------------------------
                                  Name: David N. Weidman
                                  Title:  Chief Executive Officer and President

                        BLACKSTONE CAPITAL PARTNERS (CAYMAN) LTD. 1

                              By: /s/ Anjan Mukherjee
                                  --------------------------
                                  Name: Anjan Mukherjee
                                  Title:  Director

                        BLACKSTONE CAPITAL PARTNERS (CAYMAN) LTD. 2

                              By: /s/ Anjan Mukherjee
                                  --------------------------
                                  Name: Anjan Mukherjee
                                  Title:  Director

                        BLACKSTONE CAPITAL PARTNERS (CAYMAN) LTD. 3

                              By: /s/ Anjan Mukherjee
                                  --------------------------
                                  Name: Anjan Mukherjee
                                  Title:  Director

                        BA CAPITAL INVESTORS SIDECAR FUND, L.P.

                        By:   BA Capital Management Sidecar, L.P.
                        Its:  General Partner

                        By:   BACM I Sidecar GP Limited
                        Its:  General Partner

                              By: /s/ John Shimp
                                  --------------------------
                              Name:  John Shimp
                              Title: Authorized PersonAXS-ONE
INC.

RESALE RESTRICTION AGREEMENT

This RESALE
RESTRICTION AGREEMENT (the
"Agreement") dated as of October 26,
2005 is made by and between AXS-One Inc., a Delaware corporation (the
"Company"), and the option holder
set forth on the signature page hereto (the
"Holder") with respect to certain
stock option award agreements (the "Option
Agreements") entered into under any of the Plans (as
defined below).

WHEREAS, the Holder has been granted one or more
options, with an exercise price of $2.10 or more per share as of
October 26, 2005 (the "Options"), to
acquire shares of common stock of the Company, par value $0.01 per
share (the "Common Stock"), pursuant
to one or more of (i) the AXS-One, Inc. 2005 Stock Incentive Plan (the
"2005 Plan"), (ii) the AXS-One, Inc.
1998 Stock Option Plan (the "1998
Plan") or (iii) the AXS-One, Inc. 1995 Stock Option
Plan (the "1995 Plan" and together
with the 1998 Plan and the 2005 Plan, the
"Plans").

WHEREAS, the
Options are fully vested and exercisable by reason of an action of the
Company's Board of Directors effective October 26, 2005; and

WHEREAS, the Company wishes to impose certain resale restrictions
(the "Resale Restrictions") on the
shares of Common Stock issued or issuable upon exercise of the Options
(the "Option Shares") on the terms
and conditions more fully set forth herein.

NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereby agree as follows:

1.    For each of the Plans under which the Holder has been
granted Options, Exhibit A sets forth the date of such
grant(s) (each, a "Grant"), the
exercise price and the date or dates of termination of the Resale
Restrictions with respect to the Option Shares for each applicable
Grant (which shall correspond to the prior vesting dates and share
amounts). With respect to any Option Shares, the restriction period
(the "Restriction Period") shall be
a period beginning on the date of this Agreement and ending on the date
listed on Exhibit A under the heading
"Restriction Termination Date" with respect
to such Option Shares.

2.    The Holder irrevocably agrees
that the Holder will not, directly or indirectly, whether for such
Holder or on behalf of any entity such Holder controls or is affiliated
with:

(a)    offer for sale, sell, pledge,
assign, hypothecate or otherwise create any interest in or dispose of
(or enter into any transaction or device that is designed to, or could
reasonably be expected to, result in any of the foregoing) any Option
Shares during the Restriction Period applicable to such Option Shares,
or

(b)    enter into any swap or other
derivatives transaction that transfers to another, in whole or in part,
any of the economic benefits or risks of ownership of such Option
Shares during the Restriction Period applicable to such Option Shares,
including, but not limited to, short sales, puts, calls or other
hedging transactions, including private hedging transactions,

whether any such transaction described in clause (a) or (b)
above is to be settled by delivery of Common Stock or other securities,
in cash or otherwise, during the Restriction Period with respect to the
applicable Option Shares.

3.    The Company and its transfer
agent are authorized to decline to make any transfer of securities if
such transfer would constitute a violation or breach of this Agreement.
Any attempted transfer by the Holder in breach of this Agreement shall
be null and void. Any Option Shares subject to a Restriction Period may
be retained in the physical custody of the Company or may contain a
restrictive legend, stop transfer order or other applicable
restriction, at the Company's sole discretion.

4.    Notwithstanding the foregoing, (a) at such time as the
Holder's employment or service with the Company is terminated for
any reason or (b) immediately prior to a Change in Control (as defined
in the applicable Plan) of the Company, 100% of the Option
Shares shall become free from the Resale Restrictions.

5.    The Holder hereby warrants and
represents as follows:

(i)    The Holder is
familiar with the terms of this Agreement and the Holder has had the
opportunity to discuss in detail the terms of this Agreement with the
executive officers of the Company; and

(ii)    The Holder has the full authority and
capacity to enter into and carry out all the terms of this Agreement,
and the Holder is not subject to or bound by any agreement or
instrument, or the order of any court or other governmental authority
which in any way restricts the Holder's authority or capacity to
enter into and carry out all the terms of this Agreement.

6.    This Agreement, the applicable Option Agreements and the
applicable Plans constitute the entire agreement of the parties with
respect to the subject matter hereof and supersede in their entirety
all prior understandings and agreements of the Company and the Holder
with respect to the subject matter hereof, and this Agreement may not
be modified except by means of a writing signed by the Company and the
Holder. The Resale Restrictions pursuant to this Agreement shall not be
deemed to supersede, but shall be in addition to, any restrictions on
resale of Option Shares pursuant to an applicable Option Agreement or
Plan. This Agreement is to be construed in accordance with and governed
by the internal laws of the State of Delaware without giving effect to
any choice of law rule that would cause the application of the laws of
any jurisdiction other than the internal laws of the State of Delaware
to the rights and duties of the parties. Nothing in this Agreement
(except as expressly provided herein) is intended to confer any rights
or remedies on any persons other than the parties. Should any provision
of this Agreement be determined to be illegal or unenforceable, such
provision shall be enforced to the fullest extent allowed by law and
the other provisions shall nevertheless remain effective and shall
remain enforceable.

7.    This Agreement may be executed in
counterparts, each of which shall be deemed to be an original, but all
of which, together, shall constitute one and the same instrument. A
copy of any signature page hereto executed and delivered by facsimile
or other means of electronic image transmission shall have the same
force and effect as an original thereof.

[Signature page follows.]

IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be executed and delivered as of the date first
set forth above.

											
	Company:		AXS-ONE INC.		 
	 		 		 
	 		By:                                                           

Name:

Title:		 
	 		 		 
	Holder:		 		 
	 		                                                                

[Holder Signature]		 
	 		 		 
	 		                                                                

[Print Holder Name]		 
	

Exhibit A to

Stock Restriction
Agreement

																			
	Option
Plan		Option
 Grant
 Date		Exercise

Price		Number of
 Option Shares		Restriction

Termination Date
	1995 Plan		 	 	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		$	        	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 		 	 	 
	1998
Plan		 	 	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	        	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 		 	 	 
	 		 	 	 		 	 	 		 	 	 		 	 	 
	2005
Plan

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