Document:

Reliant Holdings, Inc. S-1

Exhibit 10.1

 

Reliant Pools

	
         

        NAME: 

        JOB ADDRESS: 

        CITY/STATE/ZIP:
	
         

        DATE OF CONTRACT 

        LOT/BLOCK 

        SUBDIVISION 

	
         

        HOME # 

        WORK # 

        CELL # 
	
         

        FAX # 

        EMAIL 
	
         

        POOL SIZE

        PERIMETER 

        WIDTH 
	
         

        DEPTH 

        AREA SQ/FT 

        MAX LENGTH 

	
        THIS AGREEMENT IS SUBJECT TO BINDING ARBITRATION

         

        Completion time is a good faith estimate only. Average construction
        completion to be 45 working days after day of start barring time delays beyond Reliant Pools reasonable control. Large custom projects
        may take longer.

         

        GENERAL TERMS AND CONDITIONS AT THE END ARE
        PART OF THE AGREEMENT.

	The price specifications and conditions are satisfactory and are hereby accepted. Reliant Pools is authorized to do the work as specified. Payments will be made payable as outlined below. Buyer will deliver payment to the office at each stage of construction as specified below. 	
        Reliant Pools

        12343
        Hymeadow Drive, Suite 3-A

        Austin, TX  78750

        512.407.2623

        www.reliantpools.com

	Project Price	$	A.	At excavation	$
	Buyers Allowance	$	B.	At completion of gunite	$
	Total Contract Amount	$	C.	At tile & coping	$
	Down Payment	$	D.	At decks	$
	Balance of Contract	$	E.	Prior to equipment & plaster	$
	 	Make Checks Payable To Reliant Pools
	Buyer (owner) acknowledges that he has read the contract in its entirety and received a legible copy of this contract including the terms and Conditions contained  at the bottom of this document  thereof and that all  representatives made orally are included herein, and that no oral representations have been made except those specifically included notice of cancelation.
	Submitted by:_____________________________________________	Date:_______________________
	Accepted by Buyer:_____________________ Date:____________ 	Buyer:___________________
Date:____________ 
	This agreement subject to the approval of an officer of Reliant
        Pools	
	(Copies do not require written approval)	Reliant
Pools Representative:_____________________ 
		
		
	 
	
        NOTE TO THE BUYER, DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS ANY BLANK SPACES, YOU ARE ENTITTLED
TO AN EXACT COPY OF THE CONTRACT YOU HAVE SIGNED. DO NOT SIGN THIS CONTRACT UNTIL YOU HAVE READ IN FULL AND UNDERSTAND THE
ADDITIONAL TERMS AND CONDITION TO THIS CONTRACT WHICH ARE CONTAINED ON THE BACK OF THIS DOCUMENT. 

        

        

         

	Notice of Cancellation : 	Date:______________________
	
        

        

	

        You may cancel this transaction, without any
        penalty or obligation, within three business days from the above date. If you cancel, any property traded in any payments made
        by you under the contract or sale, and any negotiable instrument executed by you will be refunded within 10 days following receipt
        by the seller of your cancellation notice any security interest arising out to the transaction will be cancelled. If you cancel,
        you must make available to the seller at your residence, in substantially as good condition as when received, any goods delivered
        to you under this contract or sale, or you may if you wish, comply with the instructions of the seller regarding the return shipment
        of the goods at the seller’s expense and risk. If you do not make the goods available to the seller and the seller does not
        pick them up within 20 days of the date of your notice of cancelation, you may retain or dispose of the goods without any further
        obligation. If you fail to make the goods available to the seller, or if you agree to return the goods to the seller and fail to
        do so, then you remain liable for performance of all obligations under this contract. To cancel this transaction, mail or deliver
        a signed copy of this cancellation notice, or send a telegram to Reliant Pools at: 12343
        Hymeadow Drive, Suite 3-A, Austin, TX 78750

         

         

        NO LATER THAN MIDNIGHT OF THE DATE: _____________ I /we hereby cancel
        this transaction

         

        Date (Buyer’s Signature)_________________
        _____________

         

        THE UNDERSIBNED HEREBY ACKNOWLEDGES HE/SHE HAS BEEN TOLD VERBALLY
        OF HIS OR HER RIGHT TO CANCEL THIS CONTRACT. 

         

         

	 	(Buyer’s) Signature                                  Date	 	
        (Buyer’s) Signature                                                  Date

         

        Page # 1 of 4 Buyers Initials________

         
	 
	 	 	 	 	 	 	 

 

    	 

    	 

    

 

	Customer: 	Project Information & Specifications	Address:

 

	
        1. Plans RP to supply construction plans 

        2. Engineers Letter 

        3. RP to layout for approval 

        4. Building Permit (RP to act as owners agent) 

        Homeowner’s Association Approval 

        5. Excavation RP to any pregrade 

        A. Additional excavation for hard digging &

        Jack-hammering of rock $20 per cubic foot

        B. Additional Grading Hours @ $ 100 per hour

        C. Trees in access and to be removed & hauled off

        D. RP to uproot 4’ high stumps at time of excavation

        In access or project area only total #

        E. Additional Topsoil 

        F. Concrete removal (SQ/FT) 

        G. Access Bobcat Only 

        6. Access Walls, Air Conditioners & Storage Units

        A. Fence removed by RP

        (type of fence)

        B. A/C or Storage removed by RP

        (type of structure)

        7. Misc.
        _______________________________

        8.Misc. _______________________________

        9. RP Swimming Pool Equipment 

        A. Hayward Filter (Type & Size) 

        B. Hayward Pump (Type & Hp.)

        C. Additional Pump

        D. Controller Type

        E. Controller Remote 

        F. Automatic Chlorinating System Type

        G. Water Purification System

        H. Deluxe Skimmer # 

        I. Directional Returns #

        J. Schedule 40 PVC plumbing thru-out 

        K. Dual Main Drains

        Misc. _______________________________

        10. Masonry 

        A. Retaining Walls by RP

        (height & Length)

        B. Chop Block Wall (No Footer) Sq./Ft.=

        C. Chop Block Wall (W/ Footer) Sq./Ft.=

        D. Misc. _______________________________

        E. Misc _______________________________

        F. ____________________________________

        11. Water Feature’s 

        A. Waterfall (Per ton)

        B. Accent Boulders #

        C. Wet Wall 18” High (Per Lin./Ft)

        D. Stone Scuppers (# & length) 

        E. Misc. _______________________________

         
	
        Included 

        Yes □ No □

        Yes □ No □ 

        Yes □ No □ 

        (By Customer) 

        Yes □ No □ 

         

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

         

        Yes □ No □ 

        (By Customer)

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

         

        Yes □ No □ 

         

        Yes □ No □ 

        Yes □ No □ 

         

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Included

        Included

        Yes □ No □ 

         

        Yes □ No □ 

         

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

         

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

        Yes □ No □ 

         
	
         

        12. Lighting 

        A. Path Lights (type & #) 

        B. Tall Light (type & #) 

        C. Step Lights (type & #) 

        D. Spot Lights (type & #) 

        E. Misc. ______________________________________

        F. Misc.  ______________________________________

        13. Electrical:

        A. G.F.C.I. Plugs and switches (#) 

        B. Ceiling lights or ceiling fan wiring

        C. Misc.  ______________________________________

        D. Misc.  ______________________________________

        14. Decking 

        A. Natural concrete (Sq./Ft.)

        B. Acrylic Lace Pattern over concrete (Sq./Ft.)

        C. Flagstone Decking 

        D. Steps (Per./Lin. Ft) 

        E. Top over Existing Concrete

        F. Deck Drains 

        G. Volleyball or Umbrella Sleeves # 

        H. Misc.  ______________________________________

        15. Allowance 
	
         

         

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Included

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

         

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

        Yes □ No □

	
        A. __________________________________________________________________

         

        B. __________________________________________________________________

         

        C. __________________________________________________________________

        16. Any items not listed in the afore mentioned outline.

         

        __________________________________________________________________________

         

        __________________________________________________________________________

         

        __________________________________________________________________________

         

        __________________________________________________________________________

         

        __________________________________________________________________________

         

        __________________________________________________________________________

         

        __________________________________________________________________________

         

	
        17. Extended Limited Warranty 

        A. RP Limited Lifetime Structural warranty

        B. 3 Years Hayward Manufacturers warranty

        18. Permit Package 

        Customer always responsible for fees associated with permitting
        over and above $500.00

        19. Additional Work to Home or Yard to be added to Price 

        In the event customer chooses to have other work performed by
        RP. such as landscaping, patio covers, decks, gazebos & outdoor kitchens, etc. Said items will require an additional form to
        be attached to this contract.

         
	
         

        Included

        Included

        Yes □ No □

        

         

         

          

         

          

        

        Yes □ No □

	 	 	 	 

 

 

 

	 	Page # 2 of 4 Buyers Initials________

 

    	 

    	 

    

 

THIS AGREEMENT IS SUBJECT TO BINDING ARBITRATION

 

ORAL AGREEMENT OR PRIOR PROPOSALS BETWEEN CUSTOMERS AND SALESPERSONS
WILL NOT BE HONORED UNLESS SPECIFIED IN WRITING ON THIS CONTRACT.

 

1.        

WARRANTIES

Limited Warranties- Reliant Pools (hereinafter
referred to as RP) warrants its work to be free from defects in the material and workmanship for a period of one year from the
date the pool is plastered. RP further warrants the pool structure will remain structurally sound for the period of time that the
pool is owned by the original Customer. The term structurally sound means that the swimming pool is capable of retaining water,
and, in the event of failure to do so, RP will repair the pool structure so that it will retain water. The Lifetime warranty does
not extend to, or cover coping, tile, decking, coloring, plaster, plumbing, electrical, filter, heater, or other pool accessories,
which are by definition not part of the pool structure. Glass Block has no guarantee against leaking, cracking or chipping .RP
may issue a new warranty that the pool structure will remain structurally sound to second owner after a complete inspection by
RP. Instructions to such new owner and payment to RP of inspection fee therefore, transferred structural warranty to second owner
is for a period of 3 years .In the event RP contracts to install sidewalks and decking, Customer understands that sidewalks and
concrete decking are not warranted against cracking, chipping or shifting. Plaster is not warranted against discoloration, staining,
chipping or cracking since these things generally result from local water conditions, improper use of chemicals or improper cleaning
of the pool. Concrete, mortar, deck toppings, tile, coping, colored plaster or pebble finishes have no guarantee as to final coloring.
All pool equipment and accessories installed as provided for herein carry a warranty as provided by the manufacturer of the same.
When the customer has work performed by others, RP does not warrant such work and RP shall not be held liable for such work or
loss damages, which may result therefrom. Pool and Spa jets are not guaranteed to have equal pressure flow of water and/or air
bubbles. Customer shall notify RP of any alleged defects or breach of the above warranty within a reasonable time after discovery,
in no event later than ten (10) days after discovery; such notice shall be sent to RP as its place of business set forth on the
other side of this contract. The above warranties are effective only if Customer has complied with all terms and conditions, payment
and other provisions of the contract. The warranties become void if: the pool is not kept full except for a ten (10) day maintenance
period each year, if the pool structure is damaged by reason of the water rising above the lowest point of the pool when the pool
is not kept full; or by reason of any earth or fill ground movement, Acts of God, war, riots, or other civil disturbance, acts
of others; or if there was a transfer or change of ownership of the real property on which the pool is located. Defects or failures
resulting from mistreatment or neglect by Customer will be repaired or serviced at Customer’s expense. If Customer has work
performed by others that is not provided for in this contract, such as, but not limited to, electrical panel changes, landscaping,
erection of fences and retaining walls, RP does not warrant such work, and RP shall not be held liable for such work or loss or
damages which may result therefrom. The site and exclusive remedy of the Customer and obligation of RP for the matter set forth
herein whether on warranty, contract, negligence, or strict liability, is the repair of the defect. RP shall in no event be liable
for special or consequential damages. A Diagnostic fee will be charged by RP for each service call to determine the problem and
offer a remedy. Owner understands that Salt Water Systems are corrosive and RP is not responsible for damage done to any part of
the pool, including but not limited to coping, plaster, deck, landscaping, or equipment damaged by any type Salt (Chlorine Generator)
systems.

 

2.        

CONTRACTS AND SPECIFICATION

If excavation has not started within ninety
(90) days from date of the contract for reasons beyond RP control, RP shall have the right to cancel the contract upon notice to
Customer. This contract constitutes the entire contract and the parties are not bound by any oral expression or representation
by any agent of either party purporting to act for or on behalf of either party or by a commitment or arrangement not specified
in the contract. No additional work shall be done without written authorization by Customer. Any such authorization shall be on
change order form showing the agreement terms and the reason for such change and approved by both parties. For such additional
work so added to the contract, it is agreed that the total price under this contract shall be increased by the price of such additional
work, that installments may be increased proportionally and that all terms and conditions of this contract shall apply to such
additional work. Both parties agree that the contract completion date shall be extended five (5) days for each additional day necessitated
by the change order. If any provision (or portion thereof) of this contract shall be deemed invalid if it is agreed that such invalidity
shall only effect such provisions (or portion thereof) and the remainder of this contract shall remain in force in effect. Customer
will not schedule other contractors that may interfere with RP work schedule such as landscaping, water sprinklers, etc., until
ten (10) days after RP has completed plaster of pool. Owner can schedule fencing before plaster, but leave access for plaster truck
and cleanup.

 

3.        

RESPONSIBILITIES OF
RP CONDITIONS AND LIMITATIONS

RP agrees to do all work provided in this contract
in good and workmanlike manner, but shall not be responsible for delay or failure to perform work when such delay or failure is
due to: Acts of God, in climate weather, war, riot or other civil disturbance, labor dispute, government prohibition, non-issuance
of all required permits affecting the swimming pool and adjacent areas, failure of Customer to perform any obligation to be performed
by him hereunder, or other reason beyond RP control. The date of completion provided for herein shall be extended three (3) working
days for each calendar day of delay caused by any or all of the events referred to in this paragraph. RP is not responsible for
damage to improvement and appurtenance located in or reasonably adjacent to the access route or the pool site, including but not
limited to such items as curbs, sidewalks, driveways, patios, lawns, trees, shrubs and sprinkler systems. RP is not responsible
for damages caused by ground compaction by excavation equipment. RP is not responsible for flotation of pool. All pool dimensions
are approximate with reasonable tolerance either way. The parties agree that RP shall have substantially completed performance
in a good and workmanlike manner if all final surface dimensions are within 4% of the width and 2% of the length of the specific
specified surface dimensions, and all final vertical dimensions are within 10% of the specified vertical dimension. Customer and
RP agree that it is difficult and impractical to compute the actual damages in the event of deviation in pool dimensions. Customer
and RP agree that liquidated damages for errors by RP shall be computed as follows: $30.00 per square foot multiplied by the difference
between the water surface square foot area of the pool specified herein (less the 2% to 4% variance), and the actual water surface
of the pool as construction and $50.00 an inch for variance of more than 10% of the vertical dimensions of the pool specified herein.
However, in the event that specified pool depth is not attainable with the normal excavation equipment due to underground water,
said, rock, or other unusual subsurface condition, beyond RP control, then RP and Customer shall agree upon attained depth with
no penalty on RP. All allowance specified in this contract to be paid to owner for extra work done by owner or by owner’s
agent, will be paid to owner at the completion of pool and extra work will not be the responsibility of RP.

 

4.        

RESPONSIBILITIES OF
CUSTOMER

If Customer authorizes access to adjacent properties
for RP use during construction, Customer is required to obtain permission from the owner(s) of adjacent property for such use,
and Customer agrees to be responsible and to hold RP harmless from any risks thereof. Customer receives permission from neighbors,
in writing, and gives RP permission to cross neighbor’s property. Customer is required at his expense to do all construction
and other acts necessary, and to meet all conditions necessary, to allow RP to complete the work as provided in this contract.
Customer to finish all soils reports. Customer has directed the location of the pool and other improvements and equipment as shown
on the attached pool drawing and where such location (or other location approved or directed by Customer) is used there shall be
no liability on the part of RP for incorrect location of such pool, other improvement and equipment, or for encroachment or interference
thereby upon the property, easements or rights of any third parties. Customer approves elevation of the pool. Customer understands
trees and/or tree limbs may need to be cut for access purposes. Customer shall furnish any necessary variance and association permits
or fees. Drainage beyond the pool site is to be provided by Customer and is to meet city and/or county requirements. If engineer’s
letter is required before or during construction that alters the normal RP construction method, owner agrees to pay all engineering
expenses and additional work required. No grading will be done by RP unless specified on the reverse side of this contract. Customer
agrees to make payment called for by this contract on time, even though repairs under this contract may have been scheduled but
not yet performed. All payment received later than three (3) days than the time due extended the completion date hereunder an additional
three days for each late day. If completion of swimming pool is delayed by causes under Customer’s control for a period of
more than thirty (30) days, Customer agrees to pay the increased labor and material, and equipment cost resulting from Customer’s
delay. Contractor retains title to all pool equipment until purchase price and any extras are paid for in full. Customer will deliver
payments to RP office (address at the top of this agreement) at each stage of construction as spelled out at the top of this agreement.
Failure or delay of payment may halt construction. The pool is deemed complete when plastered. Owner or RP representative may not
alter any portion of the Policies, Procedures and Conditions of this contract without prior written approval from an officer of
RP.

 

	 	Page #3 of 4 Buyers Initials________

TERMS, SPECIFICATIONS AND CONDITIONS

 

    	 

    	 

    

 

5.        

Unless otherwise specified
at the top of this contract, the Customer’s responsibility to the contractor is to furnish a clear access to pool site without
any obstruction for a normal backhoe tractor and dump truck. In the event access is cut off before or during excavation through
plaster, any extra expense to RP is not included under the terms of this contract, and becomes the Customer’s responsibility.
Customer’s responsibility includes, but is not limited to, removal of fence, air conditioning, retaining walls, trees, low
lines, gas meters, water sprinklers, water meters, etc. Unless otherwise specifically provided in their plans and specifications
of this contract, RP has entered into this contract based upon the following assumptions of the facts and warranties of Customer.

 

The Customer will provide adequate access to Customer’s own
property or through adjacent property for RP normal construction equipment to do the work, at no cost and no liability to RP.

 

That soil at and around the agreed upon pool site is compacted to
at least ninety (90) percent of ASTM Standards for local area and has a bearing capacity of at least 1,000 pounds per square foot.

 

That soil at and around the agreed upon pool site is not of such
and unstable nature and that water conditions are not of such a mature so as to preclude construction and operation of the pool
in a normal manner and normal expense.

 

That there are no additional load conditions that may be imposed
on the pool structure by existing or proposed adjacent structure which will require extra engineering.

 

That there are no rock formations, hard pan conditions, underground
water, boulders, cesspools, septic tanks, gas lines, water pipes, sewer pipes, drain pipes, irrigation pipes, underground electrical
conduit or other underground obstruction which would require blasting, jackhammer work, larger than normal excavation equipment
or which would normally be required.

 

That owner’s electrical service and panel box will accommodate
all the pool pumps and equipment necessary for the pool and no alteration or sub-panels are required.

 

Customer understands that the freeze guard devices which are intended
to activate the pumps at near freezing temperatures is not in itself assurance that the pool, water, or equipment will not freeze
and cause damage. It is also understood that the automatic water fill, if applicable, is not itself assurance that the pool water
leveler will not operate and cause damage. It is the Customer’s sole responsibility to monitor freezing conditions and control
proper water level in the pool.

 

If any of the foregoing assumptions of fact are not true, RP may,
at its option, require additional cost for expenses or terminate this Contract with no further liability to either Customer or
RP, except that Customer agrees to pay RP the actual cost or labor, materials, equipment, and permits already furnished and required
to restore the premises plus 10%. It is understood, however, that the parties or owner may, by mutual agreement in written or arbitration
deal with such event, or agree to a new Contract Agreement.

 

6.        

GRADING, RETAINING
WALLS AND FENCING:

Unless specified otherwise on the front of the Contract herein,
none of the following is RP responsibility and shall specifically be Customer’s responsibility: grading and drainage beyond
pool site, retaining walls removal or replacement of fencing, top soil and grass planting. Customer will assume full responsibility
for hand rails, fence, and gates meeting code requirements and must be installed prior to plaster. Contractor recommends Customer
install a fence around pool, whether required or not.

 

7.       

PLUMBING AND UTILITIES:

Unless specified otherwise on the front of the
Contract herein, existing plumbing lines, gas and water lines are not to be changed, and labor materials and equipment necessary
for reroute or for replacement of water supply systems and utilities, including overhead and underground, and gas line hook up
to pool equipment are not included under the terms of the Contract and shall be the responsibility of the Customer.

 

8.       

ELECTRICAL SERVICE:

Unless specifically included, electrical work
contemplates no change to existing service panel other than the addition of circuit breakers to distribute electrical current to
new outlets. Changes to existing wiring not included. NEW SUB-PANELS IF NEEDED, WILL BE ADDED AT ADDITIONAL CUSTOMER CHARGE.

 

9.        

DAMAGE TO WORK:

In the event work already performed is damaged
by any cause beyond RP control and Customer elects to cancel work, or the work is ordered terminated by public authority, RP shall
be paid for such work the amount agreed to in writing for such work, or if not so agreed, the cost price for such labor and material
plus 20% of such cost necessary to replace work already performed shall be considered additional work to be paid for by the Customer
in accordance with the preceding sentence. RP is not responsible for rain damage during construction.

 

10.        

ASSIGNMENTS AND SUB-CONTRACT:

RP may assign or sub-Contract all or any portion
of the work to be done.

 

11       

DEFAULT:

In the event of default by Customer of any provisions
of this Contract, Customer agrees to pay all collection cost and interest from date of default. Reasonable attorney’s fees
shall be awarded to the prevailing party in any action brought under this Contract. Owners agree that in the event of breach or
cancellation by Owner, Owner shall be responsible for changes to date of breach plus Contract profits.

 

12.       

FINANCING:

RP may assist the Customer in obtaining financing
but in no event are the financing agreements, as may be required by the Customer, a condition to this Contract and it is expressly
agreed that the Customer is responsible solely for any such financing that may be required.

 

13.        

COMPLETION:

Customer understands that completion time is
a good faith estimate only and there will be no penalty to RP for exceeding time stated on the front of this Contract. (Definition
of working day is Monday through Friday, not to include holidays, rainy days, and days delayed by city inspections, city change
orders, or additional work orders by Customer. Pool is deemed complete when plastered.) Estimated completion time starts when excavation
is completed.

 

14.       

ARBITRATION:

All claims, disputes, and any other matters
in question between the parties to this agreement which have not been resolved through either negotiations of the parties or mediation,
which arise out of, or relate to this contract, shall be decided by binding arbitration in accordance with the rules of the American
Arbitration Association then in effect, shall be heard and decided in Travis County, Texas, and judgment upon the award may be
entered in any court having jurisdiction.

 

ACKNOWLEDGMENT PURSUANT TO MAGNUSON-MOSS FEDERAL WARRANTY ACT: CUSTOMER
ACKNOWLEDGES THAT THE SALES REPRESENTATIVE FOR RELIANT POOLS HAS ORALLY INFORMED CUSTOMER THAT HE/SHE HAS COPIES IN A BINDER OF
THE WARRANTIES FOR THE WARRANTED PRODUCTS BEING OFFERED FOR SALE. CUSTOMER ALSO ACKNOWLEDGES THAT HE/SHE HAS BEEN GIVEN THE OPPORTUNITY
TO INSPECT THE WARRANTIES AT ANY TIME DURING THE SALES PRESENTATION. RELIANT POOLS IS NOT RESPONSIBLE FOR DAMAGES IN ACCESS OR
AREAS WHICH EQUIPMENT MUST TRAVEL. RELIANT POOLS IS NOT RESPONSIBLE FOR DECKS, SETTLING, CRACKS, OR DISCOLORING. HOMEOWNER CAN
NOT HIRE RELIANT POOLS CONTRACTORS OR EMPLOYEES FOR A PERIOD OF ONE YEAR DATE FROM DATE OF COMPLETION OF POOL .WHEN ALLOWANCES
ARE SPECIFIED, CUSTOMER IS RESPONSIBLE FOR ANY AMOUNT OVER THE ALLOWANCE AMOUNT STATED IN THE FRONT OF THIS CONTRACT.

 

	 	Page #4 of 4 Buyers Initials________Exhibit

Exhibit 10.1(a)
CHANGE IN CONTROL AGREEMENT
This Change in Control Agreement (the “CIC Agreement”) is entered into as of __________, 2016 by and between Independent Bank Group, Inc. (“IBG”), which is the parent holding company of Independent Bank, McKinney, Texas (the “Bank”) (IBG and the Bank are collectively referred to as the “Company”), and ________________ (the “Executive”).
RECITALS
WHEREAS, the Executive is an executive officer of the Company;
WHEREAS, in order to maximize the benefits to the Company’s shareholders of any change in control of the Company that may arise in the future, the Company desires to maintain continuity of management and objective operation of the Company by providing benefits to the Executive to encourage the Executive to continue employment and support any such change in control that might otherwise be detrimental to the Executive;
WHEREAS, the Company has made Restricted Stock Awards to the Executive under the Company’s 2013 Equity Incentive Plan (the “Equity Incentive Plan”) by granting restricted shares of the Company’s common stock (the “Restricted Stock”) pursuant to restricted stock agreements (the “Restricted Stock Agreements”); and 
WHEREAS, the Executive is a “Participant” in the Independent Bank Survivor Benefit Plan (the “BOLI Plan”) as evidenced by the Independent Bank Survivor Benefit Plan Participation Agreement between the Bank and the Executive (the “Participation Agreement”).
NOW, THEREFORE, in consideration of the mutual promises, benefits, and covenants herein contained, the Company and the Executive agree as follows:
1.Effective Date and Term. This CIC Agreement shall be effective as of the date first written above (the “Effective Date”). The term of this CIC Agreement shall be three years (the “Term”). At the end of the Term and at each anniversary of the end of the Term thereafter the CIC Agreement shall automatically be extended for a one-year period; provided, however, that such automatic extension shall be effective only if the Compensation Committee of IBG explicitly reviews the CIC Agreement and expressly approves each extension within a 90-day period prior to the end of the Term. Reference herein to the Term shall refer both to the initial term and any such extended terms. This CIC Agreement shall automatically terminate prior to expiration of the Term as provided in Section 4 of this CIC Agreement.
2.    Change in Control Benefits. If, during a period that begins upon a “Change in Control” (as defined in Section 9(b) of the Equity Incentive Plan) and ending twelve months following a Change in Control (the “Change in Control Period”), (a) the Company terminates the Executive’s employment without Cause (as defined in Section 2.2 below) or the Executive terminates his employment for Good Reason (as defined in Section 2.2 below), and (b) the Executive 

signs and allows to become effective a general release of all known and unknown claims in a form mutually satisfactory to the Company and the Executive (the “Release”), then the Company shall provide the Executive with the following benefits (the “Change in Control Benefits”):
		
	(i)
	A lump sum cash payment in an amount equal to ____ times the sum of (x) the Executive’s current annual base salary, plus (y) the Executive’s target total annual bonus for the year of termination. The lump sum cash payment shall be paid to the Executive on the later of (a) the effective date of the termination of the Executive’s employment, or (b) the effective date of the Release. Such payment shall be subject to applicable tax withholdings and deductions.

		
	(ii)
	Notwithstanding any other provision of the Equity Incentive Plan or the Restricted Stock Agreements, all unvested grants of Restricted Stock shall become vested and no longer be subject to restriction or forfeiture.

		
	(iii)
	Notwithstanding the termination of the Executive’s employment or any other provision of the BOLI Plan or the Participation Agreement, the Executive shall continue to be a “Participant” in the BOLI Plan such that if the Executive dies before attaining age 65, and provided that the Bank actually receives sufficient proceeds from a life insurance policy insuring the life of the Executive, then the Company shall pay to the Executive’s “Beneficiary” (as defined in the BOLI Plan and the Participation Agreement), as a survivor benefit, a single lump sum cash payment equal to the Executive’s annual base salary in effect on the date of the termination of the Executive’s employment. Such payment shall be made within thirty days following the Executive’s date of death.

2.1    Excise Tax Matters. Notwithstanding anything in this Section 2 or elsewhere in this CIC Agreement to the contrary, if the payments and benefits payable hereunder to or on behalf of the Executive, when added to all other amounts and benefits payable to or on behalf of the Executive resulting from a Change in Control, would constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and, but for this Section 2.1, would result in the imposition of an excise tax under Section 4999 of the Code, the amounts and benefits payable hereunder shall be reduced to such extent as may be necessary to avoid such imposition of excise tax. The Executive shall have the right to specify which amounts and benefits shall be reduced to satisfy the requirements of this Section 2.1. All calculations required to be made under this Section 2.1 will be made by the Company’s independent public accountants, subject to the right of Executive’s representative to review the same. The parties recognize that the actual implementation of the provisions of this Section 2.1 are complex and agree to deal with each other in good faith to resolve any questions or disagreements arising hereunder.

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2.2    Definitions. For purposes of this CIC Agreement:
“Cause” shall mean (a) any material act of self-dealing between the Company and Executive which is not disclosed in full to, and approved by, the Company’s Board of Directors; (b) deliberate falsification by Executive of any records or reports; (c) fraud on the part of Executive against the Company or any subsidiary or affiliate; (d) theft, embezzlement, or misappropriation by Executive of any funds of the Company, or conviction of any felony; (e) execution of any document transferring, or creating any material liens or encumbrance on, any material property of the Company, not in the ordinary course of business, without authorization of the Board of Directors; (f) the Executive’s engaging in inappropriate behavior which is found by the Company after due investigation to be sexual harassment or assault, (g) the declaration by an independent medical authority that Executive is addicted to drugs or alcohol; or (h) any recommendation or suggestion by any bank regulatory authority that Executive’s employment must be terminated. Cause shall not be deemed to exist unless the Company shall have provided notice in writing to the Executive, specifying such Cause with reasonable particularity, and giving the Executive thirty days from the receipt thereof in which to cure the act or omission complained of, unless the act or omission of its very nature cannot be cured.
“Good Reason” shall mean (a) the assignment to Executive of any duties or responsibilities, other than in connection with a promotion, inconsistent in any material respect with Executive’s position (including status, offices, titles and reporting relationships), authority, duties or responsibilities in effect immediately prior to the beginning of the Change in Control Period, or any other action by the Company which results in a material diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company promptly following receipt of notice thereof given by Executive; (b) a reduction in the Executive’s compensation and benefits which were in effect immediately prior to the beginning of the Change in Control Period; (c) the material breach by the Company of any provision of this CIC Agreement; or (d) the requirement that the Executive’s principal place of employment be based at a location further than thirty miles from the Company’s principal office immediately prior to the Change in Control. Notwithstanding the foregoing, the Executive cannot terminate his employment for Good Reason unless he has provided written notice to the Company of the existence of the circumstances alleged to constitute Good Reason and the Company has had at least 30 days from the date on which such notice is provided to cure such circumstances. In the event that the Company does not timely cure such circumstances and if the Executive does not terminate his employment for Good Reason within 90 days of the first occurrence of the applicable circumstances, the Executive shall be deemed to have waived his right to terminate for Good Reason with respect to such circumstances.
2.3    Continuing Obligations. The obligations of the Company under this Section 2 shall survive termination of the Executive’s employment.
3.    Restricted Stock Agreements. The Executive acknowledges the covenants in the Restricted Stock Agreements regarding confidentiality, non-competition, and non-solicitation, and expressly agrees that such covenants shall survive the termination of the Executive’s employment for the periods stated therein.

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4.    Termination of CIC Agreement. This CIC Agreement shall automatically terminate by its own terms without further action by the Company if the Executive’s employment is terminated (a) by the Company for Cause or upon the Executive’s death or Disability (as defined in Section 2(p) of the Equity Incentive Plan), or (b) voluntarily by the Executive without Good Reason.
5.    Miscellaneous.
5.1    409A Compliance. The parties intend for the payments and benefits under this CIC Agreement to be exempt from Section 409A (“Section 409A”) of the Code, or, if not so exempt, to be paid or provided in a manner that complies with the requirements of such section, and intend that this CIC Agreement shall be construed and administered in accordance with such intention. If any payments or benefits due to Executive hereunder would cause the application of an accelerated or additional tax under Section 409A, such payments or benefits shall be restructured in a manner which does not cause such an accelerated or additional tax. 
(a)    Notwithstanding any other provision of this CIC Agreement, if it is determined that the Change of Control Benefits constitute “non-qualified deferred compensation” under Section 409A, and if it is determined that Executive is a “specified employee”, as such term is defined in Section 409A, then, solely to the extent necessary to avoid the incurrence of the adverse personal tax consequences under Section 409A, the Change in Control Benefits shall not be paid until the date that is six months and one day after Executive’s “separation from service” as defined in Section 409A.
5.2    Dispute Resolutions. Any and all disputes that arise out of or relate to the provisions of this CIC Agreement, or the alleged breach thereof, shall be resolved by arbitration in accordance with the Federal Arbitration Act and in accordance with the Employment Arbitration Rules of the American Arbitration Association (AAA) before a single arbitrator who shall be selected in accordance with the AAA rules. The arbitrator must have at least ten years’ experience in employment matters. Arbitration will be conducted in Collin County, Texas. Judgment may be entered upon the final award of the arbitrator. Notwithstanding the foregoing, the Executive may initiate legal proceedings to seek injunctive relief for the purpose of enforcing the provisions set forth in Section 2.
5.3    Notices. Any notices under this CIC Agreement shall be in writing and shall be given by personal delivery, by local courier service, by certified or registered letter, return receipt requested, or by a nationally recognized overnight delivery service; and shall be deemed given when delivered in person or by local courier or upon actual receipt of the facsimile or certified or registered letter, or on the business day next following delivery to a nationally recognized overnight delivery service at the addresses set forth below of this CIC Agreement or to such other address or addresses as either party shall have specified in writing to the other party hereto.

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If to the Company:
_____________________
_____________________
Independent Bank Group, Inc.
1600 Redbud Blvd., Suite 400
McKinney, Texas 75069
If to Executive:
_____________________
_____________________
_____________________
5.4    Governing Law. ALL QUESTIONS PERTAINING TO THE VALIDITY, CONSTRUCTION, EXECUTION AND PERFORMANCE OF THIS CIC AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND BE GOVERNED BY, THE LAWS OF THE STATE OF TEXAS. EXCLUSIVE VENUE FOR DISPUTES ARISING UNDER THIS CIC AGREEMENT SHALL BE COLLIN COUNTY, TEXAS.
5.5    Entire Agreement; Amendment or Modification. This CIC Agreement constitutes the entire agreement of the parties hereto with respect to the matters contained herein and supersedes all prior agreements between the parties. No modification or amendment of any of the provisions of such agreements shall be effective unless in writing and signed by the Executive and the Company. No failure to exercise any right or remedy hereunder shall operate as a waiver thereof. No term or condition of this CIC Agreement shall be deemed to have been waived, nor shall a party be estopped from enforcing any provision of this CIC Agreement, except by a statement in writing signed by the Executive or the Company, whichever party against whom such waiver or estoppel is sought. If any provision of this CIC Agreement is found to be unreasonably broad, it shall nevertheless be enforceable to the extent reasonably necessary to protect the Company and to the greatest extent permitted by law. If any provision of this CIC Agreement is determined to be invalid or unenforceable, such provision shall be reformed to the extent necessary to make it valid or enforceable and to carry out the intent of the parties, or if such reformation is not possible, the remaining provisions of this CIC Agreement shall continue in full force and effect.
5.6    Successors and Binding Nature. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or other business combination, or otherwise) to expressly assume and agree to perform this CIC Agreement (or cause it to be performed) in the same manner and to the same extent that the Company would be required to perform it if no succession had taken place. Failure by the Company to expressly obtain such assumption and agreement prior to the effectiveness of a succession shall constitute a material breach of this CIC Agreement. This CIC Agreement shall be binding upon and inure to the benefit of the parties and their respective successors, heirs (in the case of the Executive) and permitted assigns.

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5.7    Headings. The paragraph and subparagraph headings contained in this CIC Agreement are for reference purposes only and shall not affect the construction or interpretation of this CIC Agreement.
5.8    Counterparts. This CIC Agreement may be executed in several counterparts, and all counterparts so executed shall constitute one agreement, binding on the parties hereto, notwithstanding that both parties are not signatory to the original or the same counterpart.
5.9    Prohibition Against Certain Payments. Notwithstanding any other provision to the contrary herein, the Company shall not be required to make any payment to the Executive hereunder if such payment would be a “golden parachute payment” as defined in 12 CFR § 359 unless such payment can be made in compliance with such regulation. The Company shall use commercially reasonable efforts to obtain any regulatory approvals required to enable it to provide the Change in Control Benefits to the Executive.
5.10    Injunctive Relief. In the event that the Company and/or the Executive violate any of the provisions set forth in this CIC Agreement, the Company and the Executive acknowledge that the injured party would suffer immediate and irreparable harm and would not have an adequate remedy at law for money damages in the event that any of the covenants contained herein were not performed in accordance with their terms or otherwise were materially breached. Accordingly, the Company and the Executive agree that, without the necessity of proving actual damages or posting bond or other security, the parties hereto shall be entitled to temporary or permanent injunction or injunctions to prevent breaches of such performance and to specific enforcement of such covenants in addition to any other remedy to which a party may be entitled, at law or in equity. In such a situation, the parties agree that the injured party may pursue any remedy available, including declaratory relief, concurrently or consecutively in any order as to any breach, violation, or threatened breach or violation of this CIC Agreement, and the pursuit of any particular remedy or remedies shall not be deemed an election of remedies or waiver of the right to pursue any other remedy.
5.11    Effect on Employment Rights. This CIC Agreement does not constitute an employment contract. The Executive’s employment is “At-Will” and the Executive’s employment may be terminated at any time with or without Cause. This CIC Agreement shall have no effect on the determination of compensation or benefits payable by the Company to the Executive unrelated to a Change in Control.
[Signature Page to Follow]

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(Signature Page to Change in Control Agreement)
IN WITNESS WHEREOF, the parties hereto have executed this CIC Agreement on the date first above written.
INDEPENDENT BANK GROUP, INC.

By:                            
Name:                            
Title:                            

INDEPENDENT BANK

By:                            
Name:                            
Title:                            

EXECUTIVE:

                            
Name:                            

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