Document:

Exhibit 10.1

 

ACCELERATION AND RELEASE AGREEMENT

 

THIS ACCELERATION AND RELEASE AGREEMENT (this “Agreement”), dated effective as of August 19, 2014 (the “Effective Date”) is entered into by and between Cloud Peak Energy Inc., a Delaware corporation (“CPE”) and Rio Tinto Energy America Inc., a Delaware corporation (“RTEA”).

 

RECITALS

 

WHEREAS, CPE and RTEA entered into a Tax Receivable Agreement, dated as of November 19, 2009, (the “TRA”) in which CPE and RTEA agreed to certain tax arrangements in connection with RTEA’s sale of membership units of Cloud Peak Energy Resources LLC to CPE in 2009 and related payments based on such transaction to be made over time from CPE to RTEA; and

 

WHEREAS, CPE and RTEA desire to accelerate the amount due from CPE to RTEA under the TRA and provide mutual releases thereunder, as specifically set forth in this Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally bound hereby, the parties hereto agree as follows:

 

AGREEMENT

 

1.                                      Acceleration Payment.  CPE shall pay RTEA Forty-Five Million Dollars ($45,000,000.00) in United States currency (the “Acceleration Payment”) in satisfaction of the acceleration and release under the TRA.  The Acceleration Payment will be made in a single lump sum by a wire transfer of immediately available funds, to a bank account designated by RTEA, no later than 1 U.S. business day after the Effective Date, without deduction, withholding or set-off for any reason. Notwithstanding anything contained in the TRA, effective upon receipt of the Acceleration Payment, (a) neither RTEA nor CPE shall have any further payment obligations under the TRA and (b) CPE agrees it shall not be entitled to any repayments of any amounts paid by CPE hereunder or under the TRA for any reason.

 

2.                                      TRA Acceleration.  Effective upon receipt of the Acceleration Payment, all other rights and obligations under the TRA shall terminate except for Sections 6.02 (Consistency), 6.03 (Cooperation), 7.04 (Governing Law) and 7.12 (Confidentiality) of the TRA (collectively, the “Surviving TRA Terms”).  The Surviving TRA Terms shall remain in effect.  CPE and RTEA agree that the entering into of this Agreement and payment of the Acceleration Payment hereunder does not constitute an Early Termination Notice (as defined in the TRA).

 

3.                                      Mutual Release.

 

(a)                                 “Released Party” means each of RTEA and CPE, as applicable, their respective affiliates, parent companies, predecessors, successors and assigns, and in the case of RTEA, shall include

 

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any affiliate of Rio Tinto plc and/or Rio Tinto Limited,(1) and each of their respective employees, officers, board members, partners, managers, members, and shareholders.

 

(b)                                 “Claims” means all claims, causes of action, demands, obligations, or liabilities of any kind, whether accrued or unaccrued, known or unknown, suspected or unsuspected, concealed or hidden, fixed or contingent, matured or unmatured, liquidated or unliquidated, foreseen or unforeseen, relating to or arising out of the TRA, including but not limited to any and all performance or payment obligations relating thereto, but does not include claims for enforcement, default, damages, or breach with respect to any provision of this Agreement or the Surviving TRA Terms.

 

(c)                                  Subject to and effective immediately upon receipt of the Acceleration Payment, (i) RTEA irrevocably releases, acquits, and discharges each CPE Released Party from any and all Claims, and (ii) CPE irrevocably releases, acquits, and discharges each RTEA Released Party from any and all Claims.

 

4.                                      Further Assurances.  If any further action is reasonably necessary to carry out the purpose of this Agreement, then each party will take such further action (including the execution and delivery of further documents) as the other party reasonably requests to carry out such purpose, including executing any agreement or providing additional information, documents and other materials for purposes of preparing any financial statement, preparing any tax return or contesting or defending any audit, examination or controversy in connection with the transactions contemplated by this Agreement.

 

5.                                      Public Disclosures.

 

(a)                                 Any press release or public statement issued at any time hereafter by a party, its representatives or its affiliates concerning this Agreement or the transactions contemplated by this Agreement will be subject to the prior written (including by way of e-mail) approval of the other party.

 

(b)                                 Notwithstanding Section 5(a) above, nothing in this Agreement shall limit a party’s ability to make such disclosures regarding this Agreement or the transactions contemplated by this Agreement (including, without limitation, filing this Agreement with the Securities and Exchange Commission or other securities regulatory authority) to the extent required or deemed appropriate by such party, taking into account the advice of such party’s counsel, to comply with applicable law, including federal securities laws, rules or regulations or the requirements of any exchange on which a party’s (or its affiliate’s) securities may be listed, quoted or traded, provided such party allows the other party reasonable time to review and suggest comments on any such disclosure prior to the issuance thereof.

 

(c)                                  Each party shall be liable for any failure of its affiliates or representatives to comply with the restrictions set forth under Sections 5(a) and (b).

 

6.                                      Authority to Execute Agreement.  By signing below, each party warrants and represents that the person signing this Agreement on its behalf has authority to bind that party and that the party’s execution of this Agreement is not in violation of any by-law, covenants and/or other restrictions placed upon them by their respective entities.

 

(1)  “Rio Tinto Limited” means Rio Tinto Limited (ABN 96 004 458 404) having its registered office at 33rd Floor, 120 Collins Street, Melbourne, Victoria 3000; and “Rio Tinto plc” means Rio Tinto plc (Company No. 719885) of 2 Eastbourne Terrace, London W2 6LG, United Kingdom.

 

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7.                                      Costs and Expenses.  Each party shall be responsible for its own costs and expenses incurred in connection with the transactions contemplated by this Agreement, including but not limited to any further actions requested pursuant to Section 4 of this Agreement.

 

8.                                      Governing Law.  This Agreement will be governed by and construed in accordance with the laws of the State of New York, as outlined in Section 7.04 of the TRA.

 

9.                                      Entire Agreement.  This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral among the parties with respect to the subject matter hereof.  This Agreement shall be binding upon and insure solely to the benefits of each party hereto and their respective successors and assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 

10.                               Counterparts. This Agreement may be executed by facsimile or by email of a signed Agreement to the other party and in counterparts, all of which will be considered one and the same agreement, and will become effective when counterparts have been signed by each of the parties and delivered to each other party.

 

11.                               Severability.  If any terms or other provision of this Agreement shall be determined by a court, administrative agency or arbitrator of competent jurisdiction to be invalid, illegal or unenforceable, such invalidity, illegality or unenforceability shall not render the entire Agreement invalid.  Rather this Agreement shall be construed as if not containing the particular invalid, illegal or unenforceable provision, and all other provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to either party.  Upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties shall negotiate in good faith, and without any further consideration, to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent permitted under applicable law.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, RTEA and CPE have duly executed this Acceleration and Release Agreement as of the Effective Date.

 

 

	
 
    	
RIO TINTO ENERGY AMERICA INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   James Berson
    
	
 
    	
Name:
    	
James   Berson
    
	
 
    	
Title:
    	
President   and Chief Executive Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CLOUD   PEAK ENERGY INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Colin Marshall
    
	
 
    	
Name:
    	
Colin   Marshall
    
	
 
    	
Title:
    	
President   and Chief Executive Officer
    

 

[Signature page for Acceleration and Release Agreement]EX-10.3

 Exhibit 10.3 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of [—],
2014 by and between MOL Global, Inc., an exempted company incorporated and existing under the laws of the Cayman Islands (the “Company”) and [—] ([ID/Passport] Number [—]), an individual (the “Executive”). The term “Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed to include the Company
and all of its direct or indirect subsidiaries and affiliates (collectively, the “Group”). 
 RECITALS 

A. The Company desires to employ the Executive and to assure itself of the services of the Executive during the term of Employment (as defined below). 

B. The Executive desires to be employed by the Company during the term of Employment and under the terms and conditions of this Agreement. 

AGREEMENT 
 The parties
hereto agree as follows: 
  

	1.	POSITION 

 The Executive hereby accepts a position of [—] (the “Employment”) of the Company. 
  

	2.	TERM 

 Subject to the terms and conditions of this Agreement, the term of the Employment
shall be commencing on [—] (the “Effective Date”). 
  

	3.	DUTIES AND RESPONSIBILITIES 

 The Executive’s duties at the Company will include all
duties and responsibilities reasonably assigned by the Company’s Chief Executive Officer or the board of directors of the Company (the “Board”) to the extent such duties and responsibilities can reasonably be expected of a [—]. 
 The Executive shall devote all of his/her working time, attention and skills to the
performance of his/her duties at the Company and shall faithfully and diligently serve the Company in accordance with this Agreement and the guidelines, policies and procedures of the Company approved from time to time by the Board. 

The Executive shall use his/her best efforts to perform his/her duties hereunder. The Executive shall not, without the prior written consent of
the Board, become an employee, consultant or director of any entity other than the Company and/or any other member of the Group, and shall not be concerned or interested directly or indirectly in any business or entity that competes with that
carried on by the Group (any such business or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from 

 
holding or being beneficially interested in any shares or other securities of any Competitor that is listed on any securities exchange or recognized securities market anywhere. The Executive
shall notify the Company in writing of his/her interest in such shares or securities in a timely manner and with such details and particulars as the Company may reasonably require. 

 

	4.	NO BREACH OF CONTRACT 

 The Executive hereby represents to the Company that: (i) the
execution and delivery of this Agreement by the Executive and the performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy to which
the Executive is a party or otherwise bound, except for agreements that are required to be entered into by and between the Executive and any member of the Group pursuant to applicable law of the jurisdiction where the Executive is based, if any;
(ii) that the Executive has no information (including, without limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the Executive entering into this Agreement or
carrying out his/her duties hereunder; and (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement (other than this) with any other person or entity except for other member(s) of the Group, as the case
may be. 
  

	5.	LOCATION 

 The Executive will be based in
[—] or any other location as reasonably requested by the Company during the term of this Agreement for a duration that is mutually agreed by the Company and the Executive. 

 

	6.	COMPENSATION AND BENEFITS 

  

	 	(a)	Cash Compensation. The Executive’s cash compensation (including salary and bonus) shall be provided by the Company pursuant to Schedule A hereto, subject to annual review and adjustment by the
Company or the compensation committee of the Board (or the Board itself, before the formation of the compensation committee). 

  

	 	(b)	Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible for participating in such plan pursuant to the terms and conditions thereof as
determined by the Board, and any award granted thereunder will be governed by an award agreement to be entered into separately between the Company and the Executive. 

 

	 	(c)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not limited
to, any retirement plan, life insurance plan and health insurance plan as required by applicable law, and travel/holiday policy. 

	7.	PROFESSIONAL DEVELOPMENT 

 To the extent required to foster the Executive’s
professional development, the Company shall provide reasonable professional development opportunities to the Executive on an ad hoc basis. The Company shall provide the Executive with a formal performance review, based on feedback from the
Executives superior(s) and peers, at least once per year. 
  

	8.	TERMINATION OF THE AGREEMENT 

  

	 	(a)	By the Company. The Company may terminate the Employment, at any time, without advance notice or remuneration, if (i) the Executive has breached of any of the terms of this Agreement in any material
respect (ii) the Executive has been dishonest or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized disclosure or use of inside information, customer lists, trade secrets or other
confidential information, (iii) the Executive has breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Company, or has been convicted of, or plead guilty or nolo contendere to, a
felony or misdemeanor (other than minor traffic violations or similar offenses) (iv) the Executive has been negligent in the discharge of its duties to the Company, has refused to perform stated or assigned duties or are incompetent in or
(other than by reason of a disability or analogous condition) incapable of performing such duties, or have acted dishonestly to the detriment of the Company, (v) the Executive has engaged in actions amounting to misconduct or failed to perform
its duties hereunder and such failure continues after the Executive has been afforded a reasonable opportunity to cure such failure, (vi) the Executive has engaged in unfair competition with, or otherwise acted intentionally in a manner
injurious to the reputation, business or assets of, the Company, (vii) the Executive has improperly induced a vendor or customer to break or terminate any contract with the Company or induced a principal for whom the Company acts as agent to
terminate such agency relationship, (viii) the Executive has died, or (ix) the Executive has a disability which shall mean a physical or mental impairment which, as reasonably determined by the Board, renders the Executive unable to
perform the essential functions of his/her employment with the Company, even with reasonable accommodation that does not impose an undue hardship on the Company, for more than 180 days in any 12-month period, unless a longer period is required by
applicable law, in which case that longer period would apply. Termination for the reasons set forth in parts (i), (ii), (iii), (iv), (v), (vi) or (vii) of the preceding sentence will be deemed to be “for cause.” If the Employment
is terminated “for cause” at any time, the Executive will forfeit all rights to employee share options that have not been exercised as of the termination date and employee restricted shares that have not vested as of the termination date.

 In addition, the Company may terminate the Employment without cause, at any time, upon one-month
prior written notice to the Executive unless a longer notice period is required by applicable law, in which case such longer period will apply. Upon termination without cause, the Company shall provide the Executive with a severance payment as
expressly required by applicable law of the jurisdiction where the Executive is based. Under such circumstance, the Executive agrees not to make any further claims for compensation for loss of office, accrued remuneration, fees, wrongful dismissal
or any other claim whatsoever against the Company or any other members of the Group or the respective officers or employees of any of them. 
  

	 	(b)	By the Executive. The Executive may resign, at any time, upon one-month prior written notice to the Company unless a longer notice period is required by applicable law, in which case such longer period
will apply. In addition, the Executive may resign if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board. 

 

	 	(c)	Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating party to the other party. The
notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination. Notwithstanding any other provision of this agreement, nothing shall prevent the Company and the Executive from mutually
agreeing to shorten any notice period that is provided for in this agreement. 

  

	 	(d)	Effect of Termination. If the Executive is at any time appointed a director of any member of the Group, he/she shall upon termination of the Employment or expiry of the term of the Employment resign in
writing from any office held by him/her as such director and from all other offices held by him/her with any member of the Group and to execute an acknowledgment to the effect that he/she has no claims against Company or any other member of the
Group (as the case may be) for compensation for loss of office, remuneration, severance payments or otherwise. 

  

	9.	CONFIDENTIALITY AND NONDISCLOSURE 

  

	 	(a)	Confidentiality and Non-disclosure. The Executive agrees at all times during and after the Employment, to hold in the strictest confidence, and not to use, or to disclose to any person, corporation or
other entity without written consent of the Company, any Confidential Information, except as required in the performance of the Executive’s duties in connection with the Employment or pursuant to applicable law. 

“Confidential Information” means any proprietary or confidential information of the Company, or the Company’s clients,
customers, suppliers or partners, including, without limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers, 

 
supplier lists and suppliers, software developments, inventions, processes, formulas, technology, designs, hardware configuration information, personnel information, marketing, finances,
information about the suppliers, joint ventures, franchisees, distributors and other persons with whom the Company does business, information regarding the skills and compensation of other employees of the Company or other business information
disclosed to the Executive by or obtained by the Executive from the Company, or the Company’s clients, customers, suppliers or partners either directly or indirectly in writing, orally or otherwise, if specifically indicated to be confidential
or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and known to the public through no breaching the confidential obligations of this agreement
by the Executive. 
  

	 	(b)	Trade Secrets. During and after the Employment, the Executive shall hold the Trade Secrets in strict confidence; the Executive shall not disclose these Trade Secrets to anyone except other employees of the
Company who have a need to know the Trade Secrets in connection with the Company’s business. The Executive shall not use the Trade Secrets other than for the benefits of the Company. 

“Trade Secrets” means information deemed confidential by the Company, treated by the Company or which the Executive knows or
ought reasonably to have known to be confidential, and trade secrets, including without limitation designs, processes, pricing policies, methods, inventions, conceptions, technology, technical data, financial information, corporate structure and know-how, relating to the business and affairs of the Company and any member of the Group and business associates, whether embodied in memoranda, manuals, letters or other documents, computer disks, tapes or other
information storage devices, hardware, or other media or vehicles. Trade Secrets do not include information generally known or released to public domain through no breaching the confidential obligations of this Agreement by the Executive. 

 

	 	(c)	Company Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with his/her work or using the
facilities of the Company are property of the Company and subject to inspection by the Company, at any time. Upon termination of the Employment (or at any other time when requested by the Company), the Executive will promptly deliver to the Company
all documents and materials of any nature pertaining to his/her work with the Company and will provide written certification of his/her compliance with this Agreement. Under no circumstances will the Executive have, following his/her termination, in
his/her possession any property of the Company, or any documents or materials or copies thereof containing any Confidential Information. 

  

	 	(d)	 Former Employer Information. The Executive represents and agrees that he/she has not and will not, during the term of his/her
employment, (i) improperly use or disclose any proprietary information or trade secrets of any former 

	 	
employer or other person or entity with which the Executive has an agreement or duty to keep in confidence information acquired by the Executive, if any, or (ii) bring into the premises of
Company any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity. The Executive will indemnify the Company and hold it
harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation of the foregoing. 

 

	 	(e)	Third Party Information. The Executive recognizes that the Company may have received, and in the future may receive, from third parties their confidential or proprietary information subject to a
duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Company and such third parties, during the Executive’s
employment by the Company and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner consistent with, and for the limited
purposes permitted by, the Company’s agreement with such third party. 

 This Section 9 shall survive the termination
of this Agreement for any reason. In the event the Executive breaches this Section 9, the Company shall have right to seek remedies permissible under applicable law. 
  

	10.	INVENTIONS 

  

	 	(a)	Inventions Retained and Licensed. The Executive has attached hereto, as Schedule B, a list describing all inventions, ideas, improvements, designs and discoveries, whether or not patentable and
whether or not reduced to practice, original works of authorship and trade secrets made or conceived by or belonging to the Executive (whether made solely by the Executive or jointly with others) that (i) were developed by the Executive prior
to the Executive’s employment by the Company (collectively, “Prior Inventions”), (ii) relate to the Company’ actual or proposed business, products or research and development, and (iii) are not assigned to the
Company hereunder; or, if no such list is attached, the Executive represents that there are no such Prior Inventions. Except to the extent set forth in Schedule B, the Executive hereby acknowledges that, if in the course of his/her service
for the Company, the Executive incorporates into a Company product, process or machine a Prior Invention owned by the Executive or in which he has an interest, the Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable,
perpetual, worldwide right and license (which may be freely transferred by the Company to any other person or entity) to make, have made, modify, use, sell, sublicense and otherwise distribute such Prior Invention as part of or in connection with
such product, process or machine. 

	 	(b)	Disclosure and Assignment of Inventions. The Executive understands that the Company engages in research and development and other activities in connection with its business. 

From and after the Effective Date, the Executive shall disclose in confidence to the Company all inventions, improvements, designs, original
works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works and trade secrets (collectively, the “Inventions”), which the Executive may solely or jointly conceive or develop or
reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of the Executive’s Employment at the Company. The Executive acknowledges that copyrightable works prepared by the Executive within the scope of
and during the period of the Executive’s Employment with the Company are “works for hire” and that the Company will be considered the author thereof. The Executive agrees that all the Inventions shall be the sole and exclusive
property of the Company and the Executive hereby assigns all his/her right, title and interest in and to any and all of the Inventions to the Company or its successor in interest without further consideration. 

 

	 	(c)	Patent and Copyright Registration. The Executive agrees to assist the Company in every proper way to obtain for the Company and enforce patents, copyrights, mask work rights, trade secret rights, and other
legal protection for the Inventions. The Executive will execute any documents that the Company may reasonably request for use in obtaining or enforcing such patents, copyrights, mask work rights, trade secrets and other legal protections. The
Executive’s obligations under this paragraph will continue beyond the termination of the Employment with the Company, provided that the Company will reasonably compensate the Executive after such termination for time or expenses actually spent
by the Executive at the Company’s request on such assistance. The Executive appoints the Secretary of the Company as the Executive’s attorney-in-fact to execute documents on the Executive’s behalf for this purpose. 

 

	 	(d)	Return of Confidential Material. In the event of the Executive’s termination of employment with the Company for any reason whatsoever, the Executive agrees promptly to surrender and deliver to the
Company all records, materials, equipment, drawings, documents and data of any nature pertaining to any confidential information or to his/her employment, and the Executive will not retain or take with him/her any tangible materials or
electronically stored data, containing or pertaining to any confidential information that the Executive may produce, acquire or obtain access to during the course of his/her employment. 

This Section 9 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 9,
the Company shall have right to seek remedies permissible under applicable law. 

	11.	CONFLICTING EMPLOYMENT. 

 The Executive hereby agrees that, during the term of the
Employment, he/she will not engage in any other employment, occupation, consulting or other business activity related to the business in which the Company is now involved or becomes involved during the term of the Executive’s Employment, nor
will the Executive engage in any other activities that conflict with his/her obligations to the Company without the prior written consent of the Company. 
  

	12.	NON-COMPETITION AND NON-SOLICITATION 

 In consideration of the compensation provided to
the Executive by the Company hereunder, the adequacy of which is hereby acknowledged by the parties hereto, the Executive agrees that during the term of the Employment and for a period of one year following the termination of the Employment for
whatever reason: 
  

	 	(a)	the Executive will not approach clients, customers, suppliers or contacts of the Company or other persons or entities introduced to the Executive in the Executive’s capacity as a representative of the Company for
the purposes of doing business with such persons or entities which will harm the business relationship between the Company and such persons and/or entities; 

  

	 	(b)	unless expressly consented to by the Company, the Executive will not assume employment with or provide services as a director or otherwise for any Competitor, or engage, whether as principal, partner, licensor or
otherwise, in any Competitor; and 

  

	 	(c)	unless expressly consented to by the Company, the Executive will not seek directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit the services of any employee of the
Company employed as at or after the date of such termination, or in the year preceding such termination. 

 The provisions
contained in Section 12 are considered reasonable by the Executive and the Company. In the event that any such provisions should be found to be void under applicable laws but would be valid if some part thereof was deleted or the period or area
of application reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective. 
 This
Section 12 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 12, the Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to
injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall have right to seek all remedies permissible under applicable law. 

	13.	WITHHOLDING TAXES 

 Notwithstanding anything else herein to the contrary, the Company may
withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable under or pursuant to this Agreement such national, provincial, state, local or any other income, employment, or other taxes as may be required to
be withheld pursuant to any applicable law or regulation. 
  

	14.	ASSIGNMENT 

 This Agreement is personal in its nature and neither of the parties hereto
shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or any rights or obligations hereunder to any
member of the Group without such consent, and (ii) in the event of a merger, consolidation, or transfer or sale of all or substantially all of the assets of the Company with or to any other individual or entity, this Agreement shall, subject to
the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder. 

 

	15.	SEVERABILITY 

 If any provision of this Agreement or the application thereof is held
invalid, the invalidity shall not affect other provisions or applications of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this Agreement are declared to be severable. 

 

	16.	ENTIRE AGREEMENT 

 This Agreement constitutes the entire agreement and understanding
between the Executive and the Company regarding the terms of the Employment and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The Executive acknowledges that he/she has not entered into this
Agreement in reliance upon any representation, warranty or undertaking which is not set forth in this Agreement. Any amendment to this Agreement must be in writing and signed by the Executive and the Company. 

 

	17.	GOVERNING LAW 

 This Agreement shall be governed by and construed in accordance with the
law of [—], without regard to the conflicts of law principles. [Note: Governing law to be law of jurisdiction where the Executive is primarily employed] 

 

	18.	AMENDMENT 

 This Agreement may not be amended, modified or changed (in whole or in part),
except by a formal, definitive written agreement expressly referring to this Agreement, which agreement is executed by both of the parties hereto. 

	19.	WAIVER 

 Neither the failure nor any delay on the part of a party to exercise any right,
remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any right, remedy, power or
privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it
is in writing and is signed by the party asserted to have granted such waiver. 
  

	20.	NOTICES 

 All notices, requests, demands and other communications required or permitted
under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, (iii) sent by a recognized courier with next-day or second-day
delivery to the last known address of the other party; or (iv) sent by e-mail with confirmation of receipt. 
  

	21.	COUNTERPARTS 

 This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original as against any party whose signature appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or
taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose. 

 

	22.	NO INTERPRETATION AGAINST DRAFTER 

 Each party recognizes that this Agreement is a
legally binding contract and acknowledges that such party has had the opportunity to consult with legal counsel of choice. In any construction of the terms of this Agreement, the same shall not be construed against either party on the basis of that
party being the drafter of such terms. 
 [Remainder of this page has been intentionally left blank.] 

 IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above. 

 

			
	MOL Global, Inc.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Executive
		
	Signature:	 	  

	Name:	 	

 Schedule A 

Cash Compensation 
  

					
	 	  	Amount	  	Pay Period
	 Base Salary
	  		  	
			
	 Cash Bonus
	  		  	

 Schedule B 

List of Prior Inventions 
  

					
	 Title
	 	 Date
	 	 Identifying Number

or Brief Description

		 		 	
		 		 	
		 		 	
		 		 	
		 		 	
		 		 	

  

			
	              
	 	No inventions or improvements
		
	  
	 	Additional Sheets Attached

  

					
	Signature of Executive:	 	  
	 	

  

					
	Print Name of Executive:	 	  
	 	

  

					
	Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}]]