Document:

Exhibit 10.1

      

     

      

    
      TRONOX HOLDINGS PLC

      

      

      March 28, 2019

      

      

      Jeffry N. Quinn

      Via email

      

      

      
        
          	 	Re:	
                  Terms of Employment

                

        

      

      

      

      Dear Jeffry:

      

      

      In recognition of the outstanding job you have done since becoming Tronox Limited’s President and Chief Executive Officer and in light
          of Tronox Limited’s successful re-domiciliation from Australia to the United Kingdom to become Tronox Holdings plc (the “Company”), I am pleased to inform you that the
          Board of Directors (the “Board”) would like to amend your existing terms of employment.  Under the amended terms of employment, you will hold the position of Chairman of
          the Board and Chief Executive Officer of the Company on the terms described below. Capitalized terms used herein but not otherwise defined have the meanings ascribed thereto under the section captioned “Definitions” below.  This letter setting
          forth your terms of employment amends and replaces in its entirety the terms of employment dated December 1, 2017.

       

      Start Date: Your employment with the Company
          commenced on December 1, 2017 (the “Start Date”) and your new position will be effective on March 28, 2019.

       

      Place of Employment: During your employment
          with the Company, you will primarily work from the Company’s offices in New York, New York or in Stamford, Connecticut (the “Executive Offices”). You and the Company acknowledge and agree that you will reside within reasonable commuting distance
          of the Executive Offices, and that a residence within 25 miles of the New York Metropolitan Statistical Area is deemed a reasonable commuting distance to the Executive Offices.

       

      Position and Duties: You will be employed by
          the Company as its Chairman and Chief Executive Officer, and will serve as the most senior executive officer of the Company and the Chairman of the Board, reporting directly to the Board. You will have the normal duties, responsibility and
          authority implied by such position, subject to the power of the Board to expand such duties or limit such duties (subject to your rights as set forth in this Agreement, including your right to resign for Good Reason as set forth herein). In
          addition, during your employment with the Company, the Company and the Board shall take such action as may be necessary or appropriate to nominate you for re-election as a member of the Board at the expiration of the then current term.

       

      Exclusive Service: You will devote your
          reasonable efforts and business time and attention to the business and affairs of the Company; provided that you may serve on the boards of directors of philanthropic
          or civic organizations and on the board of directors of both Jason Industries, Inc. and W.R. Grace & Co. (or their successors). In the event you cease service on the board of directors of Jason Industries, Inc. and/or W.R. Grace & Co. (or
          their successors), you may serve on the boards of directors of additional companies such that you are serving on the boards of directors of up to two companies in addition to the Company; provided such service or participation does not interfere with your employment or duties under this Agreement and that you have advised the Board prior to commencing, and the Board has consented (which consent shall not
          be unreasonably withheld or delayed) in writing to, such additional board service.

       

      
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      Base Salary: During your employment with the
          Company, the Company will pay you an annual salary of no less than $1,000,000, less applicable deductions, which may be increased (but not decreased) from time to time by the Human Resources and Compensation Committee of the Board (the “HRCC”) (the annual salary as increased from time to time, the “Annual Base Salary”). The Annual
          Base Salary will be payable in accordance with the Company’s normal payroll practices, with such deductions and withholdings as are required by law.

       

      Bonus: During your employment with the
          Company, you will be eligible to receive a short-term cash bonus under the Company’s Annual Incentive Plan (“AIP”) or other similar bonus plan adopted by the Board or the HRCC (an “Annual

              Bonus”) in an amount targeted on an annual basis at no less than 125% of your Annual Base Salary (or such higher amount for any fiscal year as may be determined by the HRCC from time to time) (the “Target Bonus”), with a maximum Annual Bonus opportunity of up to 200% of the Target Bonus, in each case, based upon your or the Company’s (and/or a member of the Company’s) attainment of one or
          more objective performance criteria established in writing by the Board or HRCC. The Company will pay your Annual Bonus, if any, in the year following the year to which such Annual Bonus relates at the same time AIP bonuses are paid to similarly
          situated executives of the Company.

       

      Long-Term Incentive Compensation: During your
          employment with the Company you will be eligible to receive an annual grant of long-term compensation under the Company’s Management Equity Incentive Plan.  Your 2019 annual Long Term Incentive Plan (“LTIP”) grant is $3,700,000.  Your annual
          grant will be made to you at the same time that other executives of the Company receive their LTIP grants, and it will be made in a form and on terms no less favorable than LTIP grants made to other executives of the Company.

       

      Employee Benefits: You shall be eligible to
          participate in all employee benefit plans and arrangements, including, but not limited to, medical, dental, vision, life insurance and disability insurance benefits and arrangements and 401(k) plan, as are made available by the Company to its
          other senior executives, subject to the terms and conditions thereof. In addition, to the extent applicable, you will be entitled to participate in the Company’s relocation program on a basis that is no less favorable to you than any other
          participant (current or former) in such program.

       

      Vacation: You will be entitled to paid
          vacation and holidays pursuant to the terms of the Company’s vacation policy as may exist from time to time, but in no event less than five weeks of paid vacation per calendar year.

       

      Business Expenses: You will be reimbursed for
          all out-of-pocket business, travel, marketing, entertainment and other similar expenses reasonably incurred in the performance of your duties on behalf of the Company following presentation by you of reasonable substantiation of such expenses.

       

      Termination and Change in Control:

       

      Termination for Any Reason: Upon termination of your
          employment with the Company for any reason, you will receive payment for any unpaid Annual Base Salary through the date of termination; any Annual Bonus earned but unpaid with respect to a performance period ending on or preceding the date of
          termination; reimbursement for any unreimbursed business expenses incurred through the date of termination; any accrued but unused vacation time; and all other payments, benefits or fringe benefits to which you may be entitled under the terms of
          any applicable compensation arrangement or benefit, equity or fringe benefit plan or program or grant or this Agreement (collectively the “Accrued Benefits”).

       

      
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      Termination Without Cause or Resignation for Good Reason Prior to a
              Change in Control: Except as provided in the paragraph immediately below, if your employment with the Company is terminated without Cause or you resign for Good Reason, in addition to the Accrued Benefits, the Company will pay or
          provide you with the following: (i)(A) an aggregate dollar amount equal to the product of (x) 2.0 multiplied by (y) the sum of (I) your Annual Base Salary in effect immediately prior to your termination of employment or the occurrence of Good
          Reason (whichever is higher) plus (II) the Target Bonus, payable in cash in equal installments over the 24 month period immediately following the date of termination of employment; (B) reimbursement (on an after-tax basis) of all of your premiums
          for continuing your health care coverage and the coverage of your dependents who are covered at the time of your termination or resignation, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) for
          a period ending on the earlier of the date that is 24 months after the date of termination or resignation or the date on which you become eligible to be covered by the health care plans of another employer that provides the same or greater
          benefits (“COBRA Continuation”); (C) a pro-rata portion of your Annual Bonus for the fiscal year in which your termination occurs based on actual results for such year
          (determined by multiplying the amount of such bonus which would be due for the full fiscal year by a fraction, the numerator of which is the number of days during the fiscal year of termination that you are employed by the Company and the
          denominator of which is 365), payable at the same time bonuses for such year are paid to other senior executives of the Company (the “Pro-Rata Bonus”) (collectively, “Severance Payments”) and (ii) with respect to any unvested equity-based incentive awards, such awards shall continue to be governed by the terms of the applicable plan and
          award agreement under which they were granted; provided that, to the extent such terms or concepts are included in any such plan or award agreement, the definitions of
          “Cause” and “Good Reason” set forth herein shall apply and control. The Company’s obligation to make Severance Payments is conditioned upon your execution and delivery of the Release. The Company will commence payment (or reimbursement) of the
          Severance Payments 60 days following the date of termination of your employment, provided that prior to such date, the Release has become effective in accordance with
          its terms. The first payment will include a catch-up payment covering the amount that would have otherwise been paid during the period between the date of your termination of employment and the first payment date but for the application of the
          preceding sentence, and the balance of the installments will be payable in accordance with the schedule set forth herein. In the event of your death prior to payment in full of the Severance Payments, the Company shall pay your estate the
          remaining unpaid Severance Payments.

       

      Termination Following a Change in Control: If, at any time
          during the 90 day period preceding, or 24 month period following, a Change in Control, your employment with the Company is terminated without Cause or you resign for Good Reason, in addition to the Accrued Benefits, the Company will pay or
          provide you with the following: (i)(A) an aggregate dollar amount equal to the product of (x) 3.0 multiplied by (y) the sum of (I) your Annual Base Salary in effect immediately prior to your termination of employment or the occurrence of Good
          Reason (whichever is higher) plus (II) the Target Bonus, payable as follows: (1) if the Change in Control is also a “change in control event” for purposes of Code Section 409A, the amount in this clause (i)(A) will be paid in a single lump sum
          within the 60-day period following the date your employment ends (or if later, the date of such Change in Control) or (2) if the Change in Control does not constitute a “change in control event” for purposes of Code Section 409A, the amount in
          this clause (i)(A) will be paid in equal installments over the 24 month period immediately following the date of termination of employment; (B) COBRA Continuation; (C) the Pro-Rata Bonus (collectively, “CIC Severance Payments”) and (ii)(A) with respect to any unvested equity-based incentive awards subject to time-based vesting, you will immediately become fully vested in, and all options shall immediately
          become exercisable or cash or shares will be immediately settled or distributed with respect to, all such awards, and (B) with respect to any unvested equity-based incentive awards subject to performance-based vesting, you will vest in, and
          options shall become exercisable, or cash or shares will be settled or distributed, assuming performance at target levels applicable to all such awards had been achieved (regardless of actual performance) (collectively, “CIC Equity Vesting”). The Company’s obligation to make CIC Severance Payments or provide the CIC Equity Vesting is conditioned upon your execution and delivery of the Release. To the extent
          any equity grant agreement or other agreement between the Company and you contains provisions accelerating the vesting of unvested equity awards upon a Change in Control (or similar term) or termination of your employment without Cause or a
          resignation for Good Reason that are more favorable to you than the CIC Equity Vesting, then the vesting provisions of such equity grant or other agreement will govern. The Company will commence payment (or reimbursement, to the extent required
          by Code Section 409A) of the Severance Payments 60 days following the date of termination of your employment, provided that prior to such date, the Release has become
          effective in accordance with its terms. The first payment will include a catch-up payment covering the amount that would have otherwise been paid during the period between the date of your termination of employment and the first payment date but
          for the application of the preceding sentence, and the balance of the installments will be payable in accordance with the schedule set forth herein. In the event of your death prior to payment in full of the CIC Severance Payments, the Company
          shall pay your estate the remaining unpaid CIC Severance Payments.

       

      
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      In no event shall you be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to you under any of the
          provisions of this Agreement, nor shall the amount of any payment hereunder be reduced by any compensation earned by you as a result of employment by a subsequent employer, except to the limited extent provided with respect to COBRA Continuation.

       

       No Excise Tax Gross-Up; Possible Reduction in Parachute Payments: Notwithstanding any restrictions set forth in any Company plan or arrangement, if any portion of your Severance Payments, CIC
          Severance Payments, Equity Vesting, CIC Equity Vesting or any other payments in the nature of compensation provided to you (each, a “Payment”) constitutes “parachute
          payments” within the meaning of Section 280G of the Code and, but for this subsection, would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”),

          then your Payments will be payable either in full or in such lesser amount as would result, after taking into account the applicable federal, state and local income taxes and the Excise Tax, in your receipt on an after-tax basis of the greater
          amount of Payments. Any reduction in the Payments pursuant to the preceding sentence shall be effected first by reducing or eliminating Severance Payments or CIC Severance Payments, as applicable, and then by reducing or eliminating the Equity
          Vesting or CIC Equity Vesting, and then by reducing other compensation and benefits. Such reductions shall be allocated pro rata between amounts that are subject to Section 409A of the Code and amounts that are not subject to Section 409A of the
          Code. Any determination required under this section shall be made in writing by the Company’s independent public accountants (the “Accountants”), whose determination
          shall be conclusive and binding upon you and the Company for all purposes. For purposes of making the calculations required by this section, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may
          rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and you shall furnish to the Accountants such information and documents as the Accountants may reasonably request in
          order to make a determination under this section. The Company shall bear all costs and fees of the Accountants in connection with any calculations contemplated by this section. No less than five days prior to a change in ownership, the Company
          shall provide you, or permit the Accountants to provide you, with all calculations and supporting documentation related to the determination of the Excise Tax. The Company’s obligations under this section shall survive your termination of
          employment.

       

      Indemnification: If you are made or
          threatened to be made a party to or a participant in any actual, threatened, pending, or completed action, claim, or proceeding of any type, the Company shall indemnify, defend, and hold you harmless to the fullest extent authorized or permitted
          by applicable law, by its Certificate of Incorporation, and by its By-Laws, as the foregoing may be amended from time to time, and including any and all expenses (including, without limitation, advancement and payment of attorneys’ fees) and
          losses arising out of or relating to any of your actual or alleged acts, omissions, negligence or active or passive wrongdoing, including the advancement of expenses you incur. In addition, without limiting the foregoing, the Company shall
          provide you with indemnification protection under any separate written indemnification agreement entered into with executives and directors of the Company on terms no less favorable than provided to any other Company executive officer or
          director. Further, in the event you prevail on any material issue in connection with any controversy, dispute or claim which arises out of or relates to this Agreement, any other agreement or arrangement between you and the Company, your
          employment with the Company, or the termination thereof, then the Company shall reimburse you (and your beneficiaries) for any and all costs and expenses (including without limitation attorneys’ fees) incurred by you (or any of your
          beneficiaries) in connection with such controversy, dispute or claim. In addition, during your employment with the Company and while potential liability exists (but in no event less than six years thereafter), the Company or any successor to the
          Company shall purchase and maintain, at its own expense, directors’ and officers’ liability insurance providing coverage to you on terms that are no less favorable than the coverage provided to other directors and officers of Company.

       

      
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      Confidential Information; Work Product:

       

      Definition of Confidential Information: As used in this
          Agreement, “Confidential Information” includes, but is not limited to, any type of trade secret or other information, whether in hard-copy or electronic format or communicated orally, relating to the business of the Company that you acquire or
          have acquired through employment with the Company, and that has value such that the Company designates or treats the information as confidential through its policies, procedures and/or practices. Confidential Information is limited to information
          that is not generally known to competitors or that is not in the public domain through lawful means. Confidential Information does not include information that has been voluntarily disclosed to the public by the Company (except where such public
          disclosure has been made in breach of a duty of confidentiality); information known to you prior to first receipt of or access to such information in the course of your employment with the Company; or information that has been independently
          developed and disclosed by, or rightfully received by you outside the course of your employment with the Company from, a third party who does not owe the Company, as applicable, a duty of confidentiality with respect to such information. Subject
          to the foregoing, examples of Confidential Information include, without limitation, the following: (i) any files, lists or other information relating to customers; (ii) non-published pricing and financial information and data; (iii) strategic,
          marketing and research information including, without limitation, business plans, strategies and market research data; (iv) technical information including, without limitation, software, source code, object code and other non-public intellectual
          property; and (v) product research and development including, without limitation, testing data, formulas, products in development and all other research data.

       

      Non-Disclosure of Confidential Information: You acknowledge
          that the Company has spent considerable time, effort and expense developing its Confidential Information and has taken reasonable measures to protect its secrecy. You therefore acknowledge and agree that you will not, except in the normal course
          of your duties on behalf of the Company, disclose or use, or enable anyone else to disclose or use, either during your employment with the Company or at any time subsequent thereto, any Confidential Information without prior written approval from
          the Company.

       

      Return of the Company Property: You agree that all documents
          and other materials of any kind pertaining to the business of the Company (including Confidential Information in any format) in your possession at any time during your employment are and shall be the property of the Company and that all such
          property, including all copies thereof and all such information contained on your personal computer(s), PDAs, or other electronic storage devices shall be surrendered by you to the Company upon the Company’s request from time to time during such
          employment, and with or without request upon, or within a reasonable period following, your termination of your employment.

       

      
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      Ownership of Property: You acknowledge that
          all discoveries, concepts, ideas, inventions, innovations, improvements, developments, methods, processes, programs, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any
          confidential information) and all registrations or applications related thereto, all other proprietary information and all similar or related information (whether or not patentable) that relate to the Company’s actual or anticipated business,
          research and development, or existing or future products or services and that are conceived, developed, contributed to, made or reduced to practice by you (either solely or jointly with others) while employed by the Company (including any of the
          foregoing that constitutes any proprietary information or records) (“Work Product”) belong to the Company and you hereby assign, and agree to assign, all of the above
          Work Product to the Company. Any copyrightable work prepared in whole or in part by you in the course of your work for any of the foregoing entities shall be deemed a “work made for hire” under the copyright laws and the Company shall own all
          rights therein. To the extent that any such copyrightable work is not a “work made for hire,” you hereby assign and agree to assign to the Company all right, title, and interest, including without limitation, copyright in and to such
          copyrightable work. You understand, however, that there is no obligation being imposed on you to assign any invention falling within the definition of Work Product for which no equipment, supplies, facility, or trade secret information of the
          Company was used and that was developed entirely on your own time, unless (i) such Work Product relates (A) to the Company’s businesses or (b) to their actual or demonstrably anticipated research or development, or (ii) the Work Product results
          from any work performed by you under this Agreement.

       

      Non-Disparagement: You agree that you will not
          at any time make, publish or communicate to any person or entity or in any public forum any defamatory or disparaging remarks, comments, or statements concerning the Company, other than in the performance of your duties for the Company. The
          Company and its respective officers and directors, respectively, agree that it and they will not at any time make, publish or communicate to any person or entity or in any public forum any defamatory or disparaging remarks, comments, or
          statements concerning you. The foregoing shall not be violated by truthful statements in response to legal process, required governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions
          in connection with such proceedings).

       

      Non-Competition: You covenant and agree that
          at all times during your employment by the Company and for a period of 24 months following termination of your employment for any reason or no reason, you shall not, directly or indirectly, individually or jointly, own any interest in, operate,
          or participate as a partner, advisor, board member, director, principal, officer or agent of, enter into the employment of, act as a consultant to, or perform any services for any person or entity (other than the Company), that engages in the
          Business in the Restricted Area. Notwithstanding anything herein to the contrary, this section shall not prevent you from owning not more than five percent (5%) in the aggregate of any class of equity of any company if such equity is publicly
          traded and listed on any national or regional stock exchange. In addition, the provisions of this section shall not be violated by you commencing employment with a subsidiary, division or unit of any entity that engages in the Business so long as
          you and such subsidiary, division or unit do not engage in the Business.

       

      Non-Solicitation: During your employment by
          the Company and for a period of 24 months following termination of your employment for any reason or no reason: (a) you, except as part of your duties to the Company, shall not directly or indirectly, for your own benefit or on behalf of any
          other person or entity, for the purpose of entering into a Restricted Transaction, solicit, call on, service or enter into any agreement with any customer with whom the Company did any business within the 12 month period preceding the termination
          of your employment with the Company, and with whom you had contact for the purpose of a Restricted Transaction, for whom you had supervisory responsibility or about whom you had access to and used Confidential Information; (b) you shall not,
          directly or indirectly, for your own benefit or on behalf of any other person or entity, solicit, induce or encourage any employee of the Company with whom you had material contact to leave such employee’s employment with the Company or to cease
          such employee’s relationship with the Company; and (c) encourage (or assist another in encouraging) any supplier, business partner, or vendor of the Company with whom you had any contact on behalf of the Company within the last 12 months of your
          employment with the Company to terminate or diminish its relationship with the Company. For purposes of this section, “Restricted Transaction” means the marketing,
          selling and/or providing of products or services of the type marketed, sold, actively developed or provided by the Company during the 12 month period prior to the termination of your employment. Notwithstanding the foregoing, the provisions of
          this section shall not be violated by (a) general advertising or solicitation not specifically targeted at Company-related persons or entities, (b) you serving as a reference, upon request, for any employee of the Company, or (c) actions taken by
          any person or entity with which you are associated if you are not personally involved in any manner in the matter and have not identified such Company-related person or entity for soliciting or hiring.

       

      
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      Enforcement: You agree and acknowledge that
          the Restrictive Covenant Provisions do not preclude you from earning a livelihood, nor do they unreasonably impose limitations on your ability to earn a living. You acknowledge that you have carefully read this Agreement and have given careful
          consideration to the restraints imposed on you by this Agreement, and you are in full accord as to their necessity for the reasonable and proper protection of confidential and proprietary information of the Company now existing or to be developed
          in the future. You expressly acknowledge and agree that each and every restraint imposed by this agreement is reasonable with respect to subject matter, time period and geographical area. In the event you breach any provision hereof, the Company
          shall be entitled to entry of an injunction prohibiting the same, in addition to any other remedy or relief that may be available to the Company at law or in equity. If you breach any provision herein, the time periods relating to the
          restrictions in the Restrictive Covenant Provisions shall be extended for a period of time equal to that period of time during which you are determined to be in breach.

       

      Definitions:

       

      “Business” means the business of (i) developing, acquiring,
          managing, producing, marketing, providing and selling titanium ore and titanium dioxide and (ii) mining and beneficiating mineral sands.

       

      “Cause” means (i) the conviction or plea of guilty or no
          contest for a felony; (ii) the willful commission of an act involving misappropriation, embezzlement or fraud, which involves a material matter with respect to the Company or any of its customers or suppliers; (ii) substantial and repeated
          failure to perform duties of the office you hold as reasonably directed by the Board; (iii) gross negligence or willful misconduct with respect to the Company that is or could reasonably be expected to be harmful to the Company in any material
          respect; (iv) willful conduct bringing the Company into substantial public disgrace or disrepute, and (v) any material breach by you of this Agreement. Any determination of Cause by the Company will be made by a resolution approved by a
          two-thirds majority of the members of the Board, provided that no such determination of Cause may be made until you have been given written notice detailing the
          specific Cause event (which such notice must be provided to you within 30 days of the occurrence of the alleged event constituting Cause), and you have been given a period of at least 30 days following receipt of such notice to cure such event
          (if susceptible to cure). To the extent an event is not so cured or deemed not susceptible to cure, the Board shall provide you with an opportunity on at least ten days advance written notice to appear (with legal counsel) before the full Board
          to discuss the specific circumstances alleged to constitute a Cause event. For purposes of this definition, an act, or a failure to act, shall not be deemed willful or intentional, as those terms are defined herein, unless it is done, or omitted
          to be done, by you in bad faith or without a reasonable belief that your action or omission was in the best interest of company.

       

      “Change in Control” means a “Change of Control” as that term
          is defined in the Tronox Holdings plc Management Equity Incentive Plan, as amended, as in effect on the date hereof.

       

      
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      “Code” means the Internal Revenue Code of 1986, as amended.

       

       “Good Reason” means (i) a reduction in your Annual Base
          Salary, (ii) a diminution in your title or a diminution in your duties or responsibilities inconsistent with your position (excluding an individual event resulting in a de minimis diminution in your duties or responsibilities), (iii) a change in
          your principal office to a location more than 25 miles from the New York Metropolitan Statistical Area, (iv) a material breach of this Agreement by the Company or a material breach by the Company of another material agreement between you and a
          member of the Company, or (v) the failure of the Company to obtain the assumption (by operation of law, the continuation of the corporate existence of the Company or otherwise) of this Agreement or substitution of a substantially similar
          agreement by any successors in a Change of Control, in each case without your prior written consent; provided that you must deliver written notice of your resignation to the Company within 90 days of your actual knowledge of any such event, the
          Company must be provided at least 30 days during which it may remedy the condition and you must terminate your employment within six months of the initial occurrence of Good Reason in order for such resignation to be with Good Reason for any
          purpose hereunder.

       

      “Person” means an individual, a partnership, a limited
          liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, investment fund, any other business entity and a governmental entity or any department, agency or political
          subdivision thereof.

       

      “Release” means an agreement executed by you in a form
          mutually agreeable between you and the Company that contains: (i) an acknowledgement by the Company that it does not know (upon reasonable diligence) of any claims against you and (ii) a release by you of employment claims against the Company; provided that the Release shall specifically exclude: (a) any right to the benefits, including, without limitation, any severance benefits, to which you are entitled under
          this Agreement, (b) any claim relating to directors’ and officers’ liability insurance coverage or any right of indemnification under the Company’s or its affiliates’ organizational documents, applicable law or otherwise, (c) any rights you may
          have as a member or holder of equity or other securities of the Company or its affiliates, and (d) any rights or entitlements under any applicable sale or transaction agreement. For the sake of clarity, the Company may not require that the
          Release include additional restrictive covenants on you.

       

      “Restricted Area” means each country throughout the world in
          which the Company conducts the Business.

       

      “Restrictive Covenant Provisions” means, collectively, the
          sections of this Agreement captioned “Confidential Information;” “Work Product, Ownership of Property;” “Non-Disparagement;” “Non-Competition;” and “Non-Solicitation.”

       

      “Subsidiary” means, with respect to any Person, any
          corporation, limited liability company, partnership, association, or business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in
          the election of directors, managers, or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability
          company, partnership, association, or other business entity (other than a corporation), a majority of partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or
          more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association, or other business entity (other
          than a corporation) if such Person or Persons shall be allocated a majority of limited liability company, partnership, association, or other business entity gains or losses or shall be or control any managing director or general partner of such
          limited liability company, partnership, association, or other business entity.

       

      
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      Compensation Recovery (Clawback): Any amounts
          of compensation paid or awarded to you under this Agreement shall be subject to compensation recovery (clawback) to the extent required by applicable law or regulations in the event the Company is required to prepare an accounting restatement due
          to the material noncompliance of the Company with any financial reporting requirements under the securities laws and the amounts received based on erroneous data was in excess of what would have been received by you had such noncompliance not
          occurred.

       

      Representations: You hereby represent to the
          Company that (a) you have the legal right to enter into this Agreement and to perform all of the obligations on your part to be performed hereunder in accordance with its terms, and (b) you are not a party to any agreement or understanding,
          written or oral, and are not subject to any restriction, which, in either case, could prevent you from entering into this Agreement or performing your duties and obligations hereunder.

       

      Arbitration: The parties agree that any
          controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be submitted to the American Arbitration Association (“AAA”) and that
          three (3) neutral arbitrators will be selected in a manner consistent with the AAA Employment Arbitration Rules and Mediation Procedures. The arbitration proceedings will allow for discovery according to the rules set forth in the Employment
          Arbitration Rules and Mediation Procedures (the “Rules”). All arbitration proceedings shall be conducted in Stamford, Connecticut. The parties are entitled to
          representation by an attorney or other representative of their choosing. The Company shall bear the costs of the arbitration filing and hearing fees and the cost of the arbitrator. Except as provided by the Rules, arbitration shall be the sole,
          exclusive and final remedy for any dispute between you and the Company relating to this Agreement, the employment relationship between you and the Company and any disputes upon termination of employment, other than claims for workers’
          compensation, unemployment insurance benefits, breach of any employee innovations and proprietary rights agreements between you and the Company or rights to indemnification by the Company. Accordingly, except as provided for by the Rules or as
          provided in the prior sentence, neither you nor the Company will be permitted to pursue court action regarding claims that are subject to arbitration. Either party may exercise the right to arbitrate by providing the other party with written
          notice of any and all claims forming the basis of such right in sufficient detail to inform the other party of the substance of such claims. Notwithstanding the foregoing, in the event you breach the Restrictive Covenant Provisions, the Company
          shall be entitled to entry of an injunction prohibiting same, in addition to any other remedy or relief that may be available to Company at law or in equity. In the event of a breach or threatened breach of any such covenant, you agree that, in
          addition to any other remedies available at law or equity, the Company may file litigation against you seeking specific performance and temporary and/or preliminary injunctive relief, enjoining or restraining such breach, and you consent to the
          issuance of such injunctive relief without bond. Notwithstanding anything set forth herein, the parties’ arbitration agreement set forth in this section shall expire immediately following a Change in Control. Following the arbitration expiration
          date, the parties agree that any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be submitted for resolution only to the courts located within Stamford, Connecticut.

       

      
        9

        
          

      

      Code Section 409A: This Agreement is intended
          to comply with Section 409A or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made in a
          manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall
          be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a
          termination of employment that are considered “nonqualified deferred compensation” for purposes of Section 409A shall only be made upon a “separation from service” under Section 409A. Notwithstanding any other provision of this Agreement, if any
          payment or benefit provided to you in connection with your termination of employment is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A and you are determined to be a “specified employee” as
          defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the first payroll date to occur following the six-month anniversary of the date of your termination of employment or, if earlier, on your death (the “Specified Employee Payment Date”). The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date and interest on such amounts
          calculated based on the applicable federal rate published by the Internal Revenue Service for the month of your termination of employment shall be paid to you in a lump sum on the Specified Employee Payment Date and thereafter, any remaining
          payments shall be paid without delay in accordance with their original schedule. To the extent required by Section 409A, each reimbursement or in-kind benefit provided under this Agreement shall be provided in accordance with the following (a)
          the amount of expenses eligible for reimbursement, or in-kind benefits provided, during each calendar year cannot affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year; (b) any
          reimbursement of an eligible expense shall be paid to you on or before the last day of the calendar year following the calendar year in which the expense was incurred; and (c) any right to reimbursements or in-kind benefits under this Agreement
          shall not be subject to liquidation or exchange for another benefit.

       

      Severability: In the event that any part or
          provision of this Agreement shall be held to be invalid or unenforceable by any arbitrator or court of competent jurisdiction, the remaining provisions thereof shall nevertheless continue to be valid and enforceable as though the invalid or
          unenforceable part or provision had not been included therein. Further, in the event that any part or provision hereof shall be declared by a court of competent jurisdiction to exceed the maximum time period, scope or activity restriction that
          such court deems reasonable and enforceable, then the parties expressly authorize the court to modify such part or provision so that it may be enforced to the maximum extent permitted by law.

       

      No Waiver: The failure by either party at any
          time to require performance or compliance by the other of any of its obligations or agreements shall in no way affect the right to require such performance or compliance at any time thereafter. The waiver by either party of a breach of any
          provision hereof shall not be taken or held to be a waiver of any preceding or succeeding breach of such provision or as a waiver of the provision itself. No waiver of any kind shall be effective or binding, unless it is in writing and is signed
          by the party against whom such waiver is sought to be enforced.

       

      Assignment: This Agreement and all rights
          hereunder are personal to you and may not be transferred or assigned by you at any time. The Company may assign its rights, together with its obligations hereunder, to any parent, subsidiary or successor, or in connection with any sale, transfer
          or other disposition of all or substantially all of its business and assets provided, however, that any such assignee assumes the Company’s obligations hereunder.

       

      Withholding: All sums payable to you hereunder
          shall be reduced by all federal, state, local and other withholding and similar taxes and payments required by applicable law.

       

      Entire Agreement: This Agreement constitutes
          the entire and only agreement and understanding between the parties relating to your employment with the Company. This Agreement supersedes any and all previous contracts, arrangements or understandings with respect to your employment with the
          Company.

       

      
        10

        
          

      

      Amendment: The parties understand and agree
          that this Agreement may not be amended, modified or waived, in whole or in part, except in a writing executed by you and the Chairman of the Board (or HRCC Chairman if you are then the Chairman of the Board).

       

      Notices: All notices, if any, and all other
          communications, if any, required or permitted under this Agreement shall be in writing and hand delivered, sent via facsimile, sent by registered first class mail, postage pre-paid, or sent by nationally recognized express courier service. Such
          notices and other communications shall be effective upon receipt if hand delivered or sent via facsimile, five (5) days after mailing if sent by mail, and one (1) day after dispatch if sent by express courier, to the following addresses, or such
          other addresses as any party shall notify the other parties:

       

      	
              If to the Company:

            	
              Tronox Holdings plc

            
	 	
              One Stamford Plaza

            
	 	
              263 Tresser Boulevard, Suite 1100

            
	 	
              Stamford, Connecticut 06901

            
	 	
              Attention: General Counsel

            
	 	 
	
              If to you:

            	
              Contact information on file.

            
	 	 
	
              With a copy (which shall

            	
              McDonald Hopkins LLC

            
	
              not constitute notice) to:

            	
              300 N. LaSalle, Suite 1400

            
	 	
              Chicago, IL 60654

            
	 	
              Attention: Benjamin D. Panter

            

      

      

      Counterparts: This Agreement may be executed
          in multiple counterparts and delivered by facsimile or electronic (.pdf or .tiff) signature, each of which shall be considered an original and all of which, when taken together, shall be considered a single agreement.

       

      Governing Law: This Agreement and the rights
          and obligations of the parties hereto shall be construed in accordance with the laws of the State of Connecticut, without giving effect to the principles of conflict of laws.

       

      * * * * *

      

      

      IN WITNESS WHEREOF, the Company and you have executed this Agreement as of the date first above written.

      

      

      TRONOX HOLDINGS PLC

      

      

      	
              By:

            	
              /s/ Ilan Kaufthal

            	 
	
              Print

            	
              Name: Ilan Kaufthal

            	 
	
              Title:

            	
              Director

            	 
	 	 	 
	
              By: 

            	
              /s/ Wayne Hinman

            	 
	
              Print

            	
              Name: Wayne Hinman

            	 
	
              Title:

            	
              Director

            	 

      

      

      	
              Jeffry N. Quinn

            	 
	 	 
	
              /s/ Jeffry Quinn

            	 

      

      

      

      

      11Exhibit 10.37

 

 

Loan Contract

 

 

Party A (Lender):
Wuhan KangBo Biotechnology Co., Ltd.

 

 

Party B (Borrower):
Wuhan Kingold Jewelry Co., Ltd.

 

 

This contract
is signed in line with relevant national law, regulation and rules after the consensus between the Party A and Party B.

Article
1 Amount and purpose of the loan: Party A agrees to extend loans to Party B (capitalization) Five Hundred Million Yuan,
(in lowercase) ¥ 500,000,000. 00 Purpose of the loan is circulating fund supplement to purchase gold raw material.

Article 2
Life of loan: life of loan for this contract is 7 months, since March. 2, 2018 to October, 2, 2018. The actual loan date is
not in line with above appointment and shall be subject to the actual loan date.

Article 3
Lending rate: The parties agree on an interest rate of 6.5% for this loan. The Interest should be paid monthly.

Article 4
Mode of repayment: The principal should be refunded once at the end of the repayment period.

Article 5
The Party B should obtain written consent from Party A once it replays the loan in advance.

Article 6
Rights and obligations of Party A:

It has
the right to receive the principal of the loan in accordance with the stipulations of this contract.

Article
7 Rights and obligations of Party B:

1. Truthfully
provide relevant documents, certificates and other materials, and accept Party A's supervision and inspection.

2. Guarantee
that this loan is not used for illegal activities.

3. Acquire the
principal of the loan in accordance with the provisions of this contract.

     

     

    

Article 8
Payment release:

The Party A will
remit all its borrowings to the following Party B's accounts:

Account name:

Openging bank:

Account Number:

Article 9
Loan extension: If the Party B needs to extend the loan period, then it should submit an application in writing to Party A
60 days before the expiration of the loan. After the consent of Party A, the parties separately sign a repayment agreement.

Article 10
Liability for breach of contract

(I) Borrower's
default and its liability for breach of contract

1. If the borrower
takes one of the following circumstances, the lender has the right to stop the loan that has not been issued in this contract
and recover the unpaid loan in advance:

(1) Provide false
or illegal documents, certification materials, etc.;

(2) Failure to
repay the loan principals on schedule;

(3) The loan
is not used according to the agreed loan application;

(4) Does not
accept or cooperate with the lender's inquiry or supervision of its loan usage;

(5) Being involved
in material adverse litigation;

(6) Being subject
to major administrative penalties by administrative agencies;

(7) Stopping
production due to mismanagement;

(8) Concealing
the company's financial status, operating conditions, or drawing funds (capital);

(9) There are
taxes for stealing (escape), being ordered to suspend business for rectification, or being revoked (revoked) of a business license;

(10) There are
situations which have any other serious impact on the ability to repay loans or lose credit.

(II) Lender's
breach of contract and its liability for breach of contract: To the extent that the Party A is not able to issue loans to Party
B in accordance with this contract, it shall be deemed as a serious breach of contract, and the Party A shall bear the direct
expenses paid by other parties, and shall pay Party B a separate penalty of 0.5% of the total loan principal. .

     

     

    

Article 11
The formation, effectiveness and termination of the contract: This contract shall be established since the date of signature
(seal) by all parties.

Article 12
Disputes arising from this contract shall be under the jurisdiction of the People's Court of the place where the contract
is signed

Article 13 This
contract is made in two copies and each party holds one.

 

(The remainder of
this page intentionally left blank. Signatures appear on the following page.)

 

 

Party A (Lender):

 

 

Party B (Borrower):

 

 

. . . . . . . . .
.. . . . . . . . . . . . .

Date

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