Document:

EXHIBIT 10.41

EXHIBIT 10.41

AMENDMENT TO 
EMPLOYMENT AGREEMENT
This Amendment (the "Amendment") to that certain Employment Agreement by and between Flagstar Bancorp, Inc. and Salvatore J. Rinaldi entered into as of October 16, 2009 (the "Agreement") is entered into as of the 21th day of February, 2013, by and between Flagstar Bankcorp, Inc. (hereinafter referred to as the "Company") and Salvatore J. Rinaldi (the "Executive").
WHEREAS, immediately prior to the Effective Date (as defined below) Executive was serving as Executive Vice President and Chief Operating Officer of the Company and Flagstar Bank, FSB (the “Bank”); 
WHEREAS, the Board of Directors of the Company (the “Board”) believes it is in the best interests of the Company and the Bank to enter into this Agreement with the Executive in order to assure continuity of management of the Company and the Bank; and
WHEREAS, the Board has approved and authorized the execution of this Amendment to take effect as stated in Section 1 hereof. 
NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreements of the Parties herein, it is mutually AGREED as follows:
		
	1.
	Effective Date.  This Amendment shall be deemed effective as of December 18, 2012 (the "Effective Date").

		
	2.
	Resignation.  The Executive hereby resigns, effective as of the Effective Date, as the Executive Vice President and Chief Operating Officer of the Company and the Bank.

The Agreement is hereby amended as follows:
		
	3.
	Title of Executive.  

The titles Executive Vice President and Chief of Staff and Executive Vice President and Chief Operating Officer, if any, when referencing the Executive shall be deleted throughout the Agreement in their entirety and the title Senior Advisor to the Chief Executive Officer shall be substituted in place thereof.  
		
	4.
	Section 1.02 Employment Term of the Agreement is hereby amended as follows:  The second sentence in Section 1.02 is deleted in its entirety and the following language substituted therefor:

“Following the Stub Period, the initial term of Executive's employment by the Company under this Agreement shall commence on January 1. 2010 and end on July 1, 2013, unless earlier terminated as herein provided (the “Initial Term”) upon written notice of the terminating Party to the other Party (the “Notice Period”).” 
		
	5.
	Section 1.04 Title and Duties  (a) of the Agreement is hereby amended as follows:

At the conclusion of the first sentence, the following sentence is inserted: “The Company and the Executive expect that the Executive's duties and responsibilities as Senior Advisor to the Chief Executive Officer shall focus primarily on providing such assistance to the Chief Executive Officer as the Chief Executive Officer may reasonably request in the following areas: advice regarding the administration of the Company's management information systems and on-going Project Management Office matters; 
		
	6.
	Section 1.05 Compensation of the Agreement is hereby amended as follows:

Following subsection (d) Business Expenses, subsection (e) Retention Payment as follows, shall be inserted:
“(e) Retention Payment.  Subject to the conditions set forth in this Section 1.05(e), retention payment(s) in the amounts set forth below shall be payable to the Executive; provided (i) in the determination of the Chief Executive 

Officer the Executive has provided in all material respects the assistance contemplated by Section 1.04 and (ii) the Executive is actively employed by the Company on the following dates (the “Retention Payment(s)”): 
On April 1, 2013, a Retention Payment of $25,000.00, covering the period March 1, 2013 through March 31, 2013; and 
On June 14, 2013, a Retention Payment of $125,000.00, covering the period April 1, 2013 through June 30, 2013. 
As a precondition to the payment of each of the Retention Payments as aforementioned, Executive agrees to execute the Release of Claims Agreement against the Company and the Bank, in Exhibit A attached hereto and incorporated herein for all purposes.  If Executive qualifies for the Retention Payment(s) described herein, such Retention Payment(s) are subject to customary deductions for applicable taxes and will be paid to Executive on the Bank's next regularly scheduled pay day following the later of (1) the date of the applicable Retention Payment, and (2) the fifth (5th) business day following the expiration of the Revocation Period as defined in the Release of Claims Agreement.
The parties believe that the provisions of this Section 1.05(e) are in compliance with the Troubled Asset Relief Program under the Emergency Economic Stabilization Act of 2008, including the Interim Final Rule and any other rules and regulations thereunder, as amended (the "TARP Requirements"), Section 18(k) of the Federal Deposit Insurance Act and the FDIC regulations promulgated thereunder codified at 12 C.F.R. Part 359 (the “Golden Parachute Restrictions”) and other applicable law, as presently in effect, if and to the extent that such requirements apply.  For so long as the Bank and the Company are subject to the TARP Requirements and Golden Parachute Restrictions, the provisions of this Section 1.05(e) are subject to and shall be, to the fullest extent possible, interpreted to be consistent with the TARP Requirements and Golden Parachute Restrictions, which terms control over the terms of this Agreement in the event of any conflict between the TARP Requirements or the Golden Parachute Restrictions and this Agreement. Notwithstanding anything in this Agreement to the contrary, in no event shall any payment, award or benefit under this Section 1.05(e) vest or be settled, paid or accrued, if any such vesting, settlement, payment or accrual would be in violation of the TARP Requirements, the Golden Parachute Restrictions, or other applicable law.  In the event of any such violation, the parties will cooperate in good faith to endeavor to meet the TARP Requirements, the Golden Parachute Restrictions and other applicable law in a manner which preserves to the greatest extent possible the intent and purposes of this Section 1.05(e).  If any governmental authority asserts that, or questions whether, any payment, award or benefit to Executive, paid or accrued, violates any of the TARP Requirements, the Golden Parachute Restrictions or other applicable law, the Bank shall provide reasonable assistance to Executive to rebut such assertion or to address such question, provided, however, neither the Bank nor any of its affiliates shall have any obligation to participate in any adversarial proceeding (including any civil or administrative matter) or to take any action that the Bank's Board of Directors determines in the exercise of its fiduciary duty is not in the Bank's best interest.  Without limiting the scope of this paragraph, Executive acknowledges and agrees that if any Retention Payment covers a period that also is a “TARP Period” (as that term is defined in the TARP Standards for Compensation and Corporate Governance in the U.S. Treasury's interim final rule codified at 31 C.F.R. § 30.1), the Retention Payment shall be reduced pro rata for each day of the retention period that also is part of the TARP Period. 
The parties believe that the provisions of this Section 1.05(e) are in compliance with the requirements of Section 409A of the Internal Revenue Code ("Section 409A"), as presently in effect, if and to the extent that such requirements apply.  In the event that any of the payment obligations hereunder will be considered by the Internal Revenue Service not to be in compliance with the requirements of Section 409A, the parties will cooperate in good faith to endeavor to meet these requirements in a manner which preserves to the greatest extent possible the economic benefits intended to be conferred on Executive under this Section 1.05(e).  However, to the extent such economic benefits exceed the limits of the law, the Bank shall not be required to make any such payment which exceeds such legal limit.
Miscellaneous
		
	7.
	Executive Representation and Warranty.  The Executive represents and warrants to the Company that, except as the Executive may have disclosed in writing to the Company's Interim General Counsel, with any such writing making reference to this Amendment and being delivered prior to the Executive's execution and delivery of this Amendment, to the Executive's knowledge (i) none of the Company's reports filed with the U.S. Securities and Exchange Commission (“SEC”) since December 31, 2011 through and including the Effective Date (the “2012 SEC Reports”) contained any 

untrue statement of a material fact or omitted to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by such report; (ii) the financial statements, and other financial information included in each of the Company's 2012 SEC Reports, fairly presented in all material respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in such report; (iii) there were no significant deficiencies or material weaknesses in the design or operation of the Company's internal control over financial reporting which are reasonably likely to adversely affect the Company's ability to record, process, summarize and report financial information; (iv) since the Executive's employment with the Company began, there was no fraud, whether or not material, that involves management or other employees who have a significant role in the Company's internal control over financial reporting; and (v) there exists no credible evidence of (A) a material violation by the Company, the Bank or any of their respective subsidiaries, or person acting on behalf of one or more of such entities, of applicable United States federal or state law or regulations, or (B) a material breach of fiduciary duty arising under United States federal or Michigan law, including but not limited to misfeasance, nonfeasance, abdication of duty, abuse of trust, or approval of unlawful transactions, or (C) any act or omission that could reasonably be expected to be regarded by the Company's Board of Directors or the Office of the Comptroller of the Currency as an unsafe or unsound business practice, excluding in the case of clauses (A), (B) and (C), evidence of possible violations, breaches of fiduciary duty or business practices occurring prior to the Effective Date of the Amendment or with respect to which the Company, the Bank or any of their respective subsidiaries, to the Executive's knowledge, has, as necessary, adopted appropriate remedial measures.  As used in this Section 7, the term “knowledge” means to the Executive's actual knowledge as of the date of this Amendment (without any duty of investigation).

		
	8.
	Company Representation and Warranty.  The Company represents and warrants to the Executive that the Company has the power and authority to execute, deliver and perform its obligations under the Agreement as amended hereby and has taken all necessary corporate action to authorize such execution, delivery and performance.

		
	9.
	You and the Company agree that each party will hold the existence, terms, and provisions of this letter agreement in confidence, and will not disclose, directly or indirectly, the existence, terms or provisions of this letter agreement except (i) in your case, to your spouse or your legal and financial advisors, and then only on the condition that they be advised that they cannot further disclose the same to others, (ii) in the Company's case, to its directors, officers, employees, legal and financial advisors, accountants and regulators, and (iii) as required by law.

		
	10.
	In the event of any inconsistency, contradiction or question of interpretation between the terms of the Agreement and those of this Amendment, the terms of this Amendment shall control.

		
	11.
	Capitalized terms used herein without further definition shall have the same meaning assigned to such terms in the Agreement.

		
	12.
	In all other respects not addressed in this Amendment, the terms and conditions of the Agreement are hereby ratified and confirmed.

[Signature page follows]

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the day and year first above written.

Flagstar Bancorp, Inc.

	
			
	Date:
	February 28, 2013
	/s/ Michael J. Tierney

	 
	 
	Michael J. Tierney

	 
	 
	President and Chief Executive Officer

EXECUTIVE

	
			
	Date:
	February 22, 2013
	/s/ Salvatore J. Rinaldi

	 
	 
	Salvatore J. Rinaldi

EXHIBIT A

RELEASE OF CLAIMS AGREEMENT

Reference is made to that certain Amendment to Employment Agreement (the "Amendment") with an Effective Date of December 18, 2012, between Salvatore J. Rinaldi (the “Executive”) and Flagstar Bancorp, Inc. (the "Company").  Capitalized terms used herein without further definition shall have the same meaning assigned to such terms in the Amendment.

Section 6 of the Amendment provides that the Executive, as a prerequisite to his receipt of any of the Retention Payments described in the Amendment, will execute this Release of Claims Agreement (this “Release”) in order to evidence his agreement to the release provisions contained herein.

As of the date the Executive executes this Release in exchange for certain consideration provided by the Company, consideration to which the Executive acknowledges that he is not otherwise entitled, the Executive hereby releases and discharges the Company, Flagstar Bank FSB (the “Bank”) and all of their past, present and future parents, divisions, subsidiaries, affiliates, joint venture partners and related companies and their respective past, present and future officers, directors, founders, employees, partners, attorneys, investors, shareholders, members, representatives, agents, predecessors, successors, assigns, and all persons acting in a fiduciary capacity thereto (collectively, the “Released Parties”) with respect to any and all claims, rights, demands, causes of action, obligations, damages or liabilities, whether asserted or unasserted, known or unknown, contingent or non-contingent, that the Executive had in the past or now has, against the Released Parties through the date the Executive signs this Release, including without limitation arising out of the proposed award of shares of Company restricted stock to you in 2011 and 2012, which grants were subject to and contingent upon receipt by the Company and the Bank of non-objection from the Office of the Comptroller of the Currency.  Without limitation, this complete waiver and release includes any and all discrimination, compensation or other claims arising under Federal, State or local law or regulation including without limitation Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, as amended by the Older Workers Benefit Protection Act (the “ADEA”), the Americans With Disabilities Act of 1990, the Worker Adjustment and Retraining Notification Act (the “WARN Act”), the Employee Retirement Income Security Act of 1974, the Civil Rights Act of 1866, and 42 U.S.C. §1981, and any amendments thereto or under common law, in contract, tort or other theories of recovery, relating in any way to the terms or conditions of his employment with the Company and any federal or state banking laws or regulations, and/or any incidents related thereto prior to his execution of this Release.  Notwithstanding the foregoing, this Release shall not affect (a) any rights you may have under the Agreement or under any Company or Bank retirement or savings plans, or any medical or dental or other welfare plan in which you are participating as of the date of this Release, or (b) your eligibility for indemnification in accordance with the organizational documents of the Company and its subsidiaries, or applicable laws, or under any applicable insurance policy, with respect to any liability you incurred or incur in your capacity as a director, officer or employee of the Company, the Bank or any affiliate of either.

Nothing in this Release shall prohibit the Executive from initiating or participating in a proceeding before any state or federal agency involving the Released Parties, provided that the Executive waives any monetary benefits or other relief against the Released Parties resulting or arising from any such proceeding.  

The Executive is advised in writing to consult with an attorney before executing this Release.  The Executive acknowledges and agrees that:  (i) after he received a copy of this Release in writing he had adequate opportunity to review it; (ii) he fully understand its contents; (iii) he has been advised to consult an attorney before signing it; and (iv) he enters into this Release knowingly, voluntarily and after any consultations with his attorney or other advisor, as he deems appropriate.

The Executive acknowledges that he has had at least twenty-one (21) calendar days from his receipt of this Release to consider whether to accept its terms.  

The Executive must sign, date and return this Release to the Chief Executive Officer of the Company at 5151 Corporate Drive, Troy, Michigan 48098.  

After signing the Release and properly returning it to the Company, the Executive shall have seven (7) calendar days to consider whether to revoke it (the "Revocation Period").  If the Executive chooses to revoke this Release, the Executive must send written notification to the Chief Executive Officer of the Company at 5151 Corporate Drive, Troy, Michigan 48098 before the expiration of the Revocation Period.  

The Executive acknowledges that this Release shall become effective, fully enforceable and irrevocable seven (7) days after his signing of said Release (the "Effective Date").  

Nothing contained herein shall be deemed to amend the terms of the Amendment which shall remain in full force and effect.

IN WITNESS WHEREOF, this Release has been executed by each of the listed parties below. 

EXECUTIVE

	
			
	Date:
	February 22, 2013
	/s/ Salvatore J. Rinaldi

	 
	 
	Salvatore J. Rinaldi

FLAGSTAR BANCORP, INC.

	
			
	Date:
	February 28, 2013
	/s/ Michael J. Tierney

	 
	 
	Michael J. Tierney

	 
	 
	President and Chief Executive OfficerLMNX - 03.31.2013 - Exhibit 10.3

Exhibit 10.3

LUMINEX CORPORATION
FORM OF RESTRICTED SHARE UNIT AGREEMENT
     
THIS RESTRICTED SHARE UNIT AGREEMENT (this “Agreement”) is made and entered into as of the ___ day of ___, 20___ (the “Grant Date”), between Luminex Corporation, a Delaware corporation (the “Company”), and [employee] (the “Grantee”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms in the Luminex Corporation Second Amended and Restated 2006 Equity Incentive Plan (the “Plan”). 
     
WHEREAS, the Company has adopted the Plan, which permits the issuance of Restricted Share Units; and 
     
WHEREAS, pursuant to the Plan, the Committee responsible for administering the Plan has granted an award of Restricted Share Units to the Grantee in his or her capacity as an employee of the Company or one of its Subsidiaries as provided herein. 
     
NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
     
1. Grant of Restricted Share Unit Award. 
          
1.1 The Company hereby grants to the Grantee an award (the “Award”) of [number] Restricted Share Units (“RSUs”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan. 
          
1.2 The Grantee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof. The terms of this Agreement are governed by the terms of the Plan, and in the case of any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall govern. 
          
1.3 The Grantee's rights with respect to the Award shall remain forfeitable at all times prior to the dates on which the RSUs shall vest in accordance with Section 2 hereof. 
     
2. Vesting and Payment. 
          
2.1 Except as provided in Section 2.3, the Award shall vest on ___, 20___ with respect to ______% of the RSUs, and shall vest with respect to an additional ______% of the RSUs on each of the ______ succeeding one-year anniversaries of such date. 
          
2.2 The Grantee shall be entitled to local PRC payment in respect of each RSU covered by the Award upon the vesting of such RSU. Subject to the provisions of the Plan, such payment shall be made by the Grantee's PRC employer through the remittance to the Grantee, as promptly as practicable following the applicable vesting date (or to the executors or administrators of Grantee's estate, as promptly as practicable after the Company's receipt of notification of Grantee's death, as the case may be), of a Renminbi cash payment equal to the product of the number of such vested RSUs and the Fair Market Value of a Share on the applicable vesting date, less any amounts necessary to satisfy any applicable withholding obligations in accordance with Section 5 below.  The payments contemplated under this Section 2.2 shall be made entirely within the PRC such that they shall entail no cross-border fund flow.

2.3 The RSUs covered by the Award shall under no circumstances be settled in Shares.  The Grantee shall not become a shareholder of the Company or otherwise obtain the rights of a shareholder due to the vesting of the RSUs granted under this Agreement.
          
2.4 Except as otherwise determined by the Committee at or after the grant of the Award hereunder, and subject to applicable laws, Grantee shall forfeit all unpaid RSUs granted hereunder, and all rights of the Grantee to the amounts payable with respect to such RSUs shall terminate, without further obligation on the part of the Company, unless the Grantee remains in the continuous employment (or other service-providing capacity) of the Company or its Subsidiaries for the entire period beginning on the Grant Date and ending on the vest date applicable to such RSUs as provided in Section 2.1. “Continuous employment” will be deemed to end on the date on which notice of termination is received by the Grantee (or such later date as specified in such notice by the Company) or notice of resignation is given by the Grantee. Notwithstanding the foregoing, the Award shall 

automatically vest as to all RSUs awarded hereunder (as to which such RSUs have not previously vested) upon the occurrence of termination of the Grantee's employment from the Company, a Subsidiary or Affiliate which results from Grantee's death or Disability (to be determined in the sole discretion of the Committee). 
     
3. Dividend Equivalents; No Voting Rights. RSUs covered by this Award shall be credited with dividend equivalents at the time of any payment of dividends to shareholders on Shares as follows: the amount of any cash, or the Fair Market Value of any Shares, payable as a dividend with respect to a corresponding number of Shares shall be converted into additional RSUs based on the Fair Market Value of a Share at the time such dividends are paid, provided that such RSUs shall be subject to the same forfeiture restrictions and restrictions on transferability as apply to the RSUs with respect to which they relate. Any dividend equivalent rights shall be paid in accordance with the Company's payment practices as of the date on which such dividend would have been payable in respect of outstanding Shares.  The Grantee shall not be entitled to voting rights with respect to RSUs covered by this Award.
     
4. No Right to Continued Service. Nothing in this Agreement or the Plan shall be interpreted or construed to confer upon the Grantee any right to continue service as an employee of the Company, any Subsidiary or Affiliate, and the Company or its Subsidiaries or Affiliates may at any time dismiss Grantee from employment, free from any liability or any claim under the Plan but subject to the terms of the Grantee's employment agreement, if any. 
     
5. Withholding Obligations. Regardless of any action the Company or the Grantee's actual employer (the “Employer”) takes with respect to any or all applicable income tax (including federal, state and local taxes and any applicable withholding tax or amounts under the laws of any other jurisdiction), social insurance contributions, payroll tax, payment on account or other tax-related withholding in connection with the grant, vesting or payment in settlement of the Award or payment of dividend equivalents (“Tax-Related Items”), the Grantee acknowledges that the ultimate liability for all Tax-Related Items legally due by the Grantee is and remains the Grantee's responsibility and that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including the grant and the receipt of a cash payment upon settlement of the Award; and (ii) do not commit to structure the terms of the grant or any aspect of the Award to reduce or eliminate the Grantee's liability for Tax-Related Items. Further, notwithstanding any contrary provision of this Agreement, no cash payment shall be made to the Grantee unless and until satisfactory arrangements (as determined by the Committee) have been made by the Grantee to satisfy all withholding and payment on account obligations of the Company and/or the Employer with respect to the cash payment. In this regard, the Grantee authorizes the Company or the Employer to withhold all applicable Tax-Related Items legally payable by the Grantee from the Grantee's wages or other cash compensation payable to the Grantee by the Company or the Employer or from the cash payment received upon settlement of the Award. The Grantee agrees to pay to the Company or to the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold as a result of the grant or settlement of the Award or payment of dividend equivalents that cannot be satisfied by the means previously described. The Grantee acknowledges and agrees that the Company may refuse to deliver any cash payment otherwise due hereunder if the Grantee fails to comply with his or her obligations in connection with the Tax-Related Items as described in this Section.
 
         6. Modification of Agreement.  Subject to the restrictions contained in the Plan and applicable laws, the Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, the Award, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would adversely affect the rights of the Grantee or any holder or beneficiary of the Award shall not to that extent be effective without the consent of the Grantee, holder or beneficiary affected. 
     
7. Severability. If any provision of this Agreement is, or becomes, or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or the Award, or would disqualify the Plan or Award under any laws deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award, and the remainder of the Plan and Award shall remain in full force and effect. 
     
8. Governing Law.  The validity, interpretation, construction, effect and performance of this Agreement shall be governed by the laws of the State of Delaware without giving effect to the conflicts of law principles thereof, except to the extent that such laws are preempted by Federal law. 
     
9. Successors in Interest.  This Agreement shall inure to the benefit of and be binding upon any successor to the Company. This Agreement shall inure to the benefit of the Grantee's legal representatives. All obligations imposed upon the Grantee and all rights granted to the Company under this Agreement shall be binding upon the Grantee's heirs, executors, administrators and successors. 

     
10. Resolution of Disputes.  Any dispute or disagreement which may arise under, or as a result of, or in any way related to, the interpretation, construction or application of this Agreement shall be determined by the Committee. Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Company for all purposes.   The Grantee may contest a decision or action by the Committee with respect to such Grantee only on the grounds that such decision or action was arbitrary or capricious or was unlawful, and any review of such decision or action shall be limited to determining whether the Committee's decision or action was arbitrary or capricious or unlawful.
11. Nature of Grant. In signing this Agreement, Grantee acknowledges that:
		
	(a)
	the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement;

		
	(b)
	the grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future Awards, or benefits in lieu of Awards even if Awards have been made repeatedly in the past;

		
	(c)
	the Grantee's participation in the Plan is voluntary;

		
	(d)
	RSUs are an extraordinary item that do not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and RSUs are outside the scope of the Grantee's employment contract, if any;

		
	(e)
	RSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company or the Employer; 

		
	(f)
	In consideration of the grant of the Award, no claim or entitlement to compensation or damages arises from termination of the RSUs or diminution in value of the Shares on which the value of the Award is based resulting from termination of the Grantee's service by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Grantee irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement and/or accepting the Award, the Grantee shall be deemed irrevocably to have waived his or her entitlement to pursue such claim;

(g) The value of the Shares on which the payment in settlement of the Award is determined is not guaranteed and may fluctuate or drop in value such that payments in settlement of some RSUs may be greater or less than payments from other RSUs with different vesting dates.  

12. Notices. All notices required to be given under this Award shall be deemed to be received if delivered or mailed as provided for herein, to the parties at the following addresses, or to such other address as either party may provide in writing from time to time. 

         To the Company:       Luminex Corporation
12212 Technology Blvd.
                                    Austin, TX  78727
                                    Attn: Corporate Secretary and Chief Financial Officer

         To the Grantee:    The address then maintained with respect to the Grantee in the 
Company's records.

		
	1.
	 Data Privacy Notice and Consent.

The Grantee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in this Agreement by and among, as applicable, the Employer, the Company, its Subsidiaries and its affiliates for the exclusive purpose of implementing, administering and managing the Grantee's participation in the Plan. The Grantee understands that the Company and the Employer may hold certain personal information about the Grantee, including, but not limited to, the Grantee's name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares or directorships held in the Company, details of all Awards or any other entitlement to Shares awarded, canceled, vested, unvested or outstanding in the Grantee's favor, for the purpose of implementing, administering and managing the Plan (“Data”). 
The Grantee understands that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the Grantee's country, or elsewhere, and that the recipient's country may have different including less stringent data privacy laws and protections than the Grantee's country. The Grantee understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting the Company. The Grantee authorizes the recipients to receive, possess, use, retain and transfer the 

Data, in electronic or other form, for the purposes of implementing, administering and managing the Grantee's participation in the Plan, including any requisite transfer of such Data as may be required to a broker, escrow agent or other third party with whom the cash received upon settlement of the Award may be deposited. The Grantee understands that Data will be held only as long as is necessary to implement, administer and manage his or her participation in the Plan. The Grantee understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting the Company in writing. The Grantee understands, however, that refusal or withdrawal of consent may affect his or her ability to participate in the Plan. For more information on the consequences of his or her refusal to consent or withdrawal of consent, the Grantee understands that he or she may contact the Company.
14.  Administration in China.  As a result of the restriction of the Award settlement to local Renminbi cash payment by the Grantee's PRC employer as set forth in Section 2, the Award shall not entail any cross-border flow of funds and therefore shall not implicate regulations or restrictions from the State Administration of Foreign Exchange (SAFE).  Should the applicable laws or regulations change with respect to SAFE, the Company shall have the right to modify, suspend or discontinue the Plan or the Awards in the PRC.

(remainder of page left blank intentionally)

IN WITNESS WHEREOF, the parties have caused this Restricted Share Unit Agreement to be duly executed effective as of the day and year first above written. 
LUMINEX CORPORATION

                        
By:    _________________________________

GRANTEE:
            

______________________________________
Please Print

                        

GRANTEE:

            
______________________________________
Signature

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