Document:

Non-Compete Agreement between the Company and Kathy Hassenpflug

 Exhibit 10.1 
 Agreement 
 By signing this Agreement (“Agreement”), I am acknowledging that I have agreed to be bound by
the terms and conditions of this Agreement. As consideration for my agreement to these terms and conditions, Walco International, Inc. (“Walco”) and Walco Holdings, Inc. have granted me certain equity and severance benefits (as more
particularly described below). I understand and acknowledge that I would not be provided such consideration in the absence of my agreement to be bound by the following terms and conditions. 
 Confidential and Proprietary Information. I agree that all documents (including, but not limited to, correspondence, memoranda, plans, proposals, customer lists,
marketing and sales plans, financial or legal documents or records, reports and drawings, formulations, designs, samples, and prototypes), tools and equipment and all other tangible and intangible materials whatsoever, that concern Walco’s
business and that come into my possession by reason of my employment, are the property of Walco and shall not be used by me for personal gain or in any way adverse to Walco. I agree not remove from Walco’s premises any such tangible items or
copies thereof except as Walco permits and, upon termination of my employment, any and all such items removed by me or caused to be removed by me and all copies thereof will be returned to Walco. 
 Without the prior consent of Walco, I agree not disclose to any person or use at any time, either during or after termination of employment, except as required by law or
my duties to Walco, any secret or confidential information, whether or not developed by me unless such information shall have become general public knowledge by any means other than disclosure by me. Secret or confidential information shall include,
but not be limited to, designs, formulas, processes, devices, machines, inventions, research or development projects, plans for future development, materials of a business nature, financial data, legal documents and records, computer software
technology, computer systems and programs, and any other information of a similar nature in a form or to the extent not available to the public. Further, I agree not disclose to Walco or seek to induce Walco to use any confidential information or
material belonging to others. 
 I agree to disclose promptly to Walco any and all inventions, discoveries and improvements conceived or made at any time or
place by me, either alone or in conjunction with others, whether or not done during my regular working hours, during my period of employment and related to the business or activities of Walco. Except as required by law or my duties to Walco, I agree
not disclose any such inventions, discoveries and improvements to others without prior written consent of an officer of Walco. Further, I agree to assign without charge to Walco all my interest in such inventions, discoveries and improvements to
Walco or its nominee. 
 Competitive Activities. I agree not to engage in “Competitive Activities” during the time I am employed by Walco
and for 12 months following the date of termination (whether with or without cause). “Competitive Activities” are defined as: 
 Directly or
indirectly (either as principal, agent, employee, employer, partner or in any other individual or representative capacity whatsoever) soliciting, selling or rendering services substantially similar to those performed during my employment with Walco
to any of the customers solicited, sold to or serviced by me on behalf of Walco at any time during the 18 months preceding termination of my employment with Walco. 

 Directly or indirectly, either as principal, agent, employee, employer, partner or in any other individual or
representative capacity whatsoever, soliciting or inducing any officer, salesman or other employee of Walco to leave his or her employment. 
 Damages. Because of the difficulty of measuring economic losses to Walco as a result of any breach of this Agreement, and because of the immediate and irreparable damage that could be caused to Walco by such a breach for which it
would have no other remedy, I agree that Walco may enforce the provisions of this Agreement by injunctions and restraining orders against me for such a breach, in addition to other available relief at law or equity. 
 Severance Benefits. I understand that Walco or myself may terminate my employment at any time. In return for my agreement to be bound by the terms of this
Agreement, Walco has agreed to pay severance benefits upon the following terms and conditions: 
 In the event that Walco elects to terminate my employment
other than for Cause or I terminate my employment for Good Reason (as those terms are defined hereunder), in lieu of any other severance benefits to which I may be entitled, Walco will, for a period of six (6) months following my termination,
continue to pay my salary. The total amount paid to me during this six (6) month period will be equal to one half of the amount paid to me as compensation by Walco during the last full calendar year of my employment, as reflected on my last
W-2. The obligations of Walco to do so, however, are conditioned upon me signing a release of claims in a form satisfactory to Walco within twenty-one (21) days (or, if greater, the time period mandated by applicable federal or state law) of
the date I receive notice of termination of my employment or the date I receive said release of claims, whichever is later, and upon my not revoking the release of claims thereafter. All such severance payments under this Agreement will bein a form
of salary continuation payable in accordance with the normal payroll practices of Walco, and will begin at Walco’s next regular payroll period following the effective date of said release of claims, but shall be retroactive to the date of
termination. 
 The following, as determined by the Senior Vice President of Sales and Operations (or other officer delegated by the Chief Executive Officer)
in his/her reasonable judgment, shall constitute Cause for termination: (i) my refusal or failure to perform (other than by reason of disability), or material negligence in the performance of, my duties and responsibilities, to Walco or my
refusal or failure to follow or carry out any reasonable direction of Walco; (ii) material breach by me of any provision of this Agreement or any other agreement between myself and the Walco; (iii) the commission of fraud, embezzlement,
theft or other dishonesty by me; (iv) my conviction or plea of nolo contendere to any felony or any other crime involving dishonesty or moral turpitude; or (v) any conduct that could reasonably be expected to have a material adverse effect
upon the business, interests of reputation of Walco. Upon providing notice of termination of my employment hereunder for Cause, Walco shall have no further obligation or liability to me, other than for Base Salary earned and unpaid at the date of
termination. 
 The following shall constitute Good Reason for termination by me: a material diminishment in the nature or scope of my duties or compensation
without my prior consent; provided, however, that the following shall not constitute “Good Reason”: (i) any diminishment in compensation attributable to market conditions or vendor-initiated action, or (ii) any diminishment of
the business of Walco or any of its Affiliates, including without limitation, (iii) the sale or transfer of any and all of the assets of Walco or any of its Affiliates, shall not constitute “Good Reason”. 
 Stock Options. As further consideration for my agreement to be bound by the terms of this Agreement, I will be granted the option to purchase a designated number
(as set forth on Exhibit A) of shares of stock in 

 
Walco Holdings, Inc. (the parent company of Walco) upon my execution of the Walco Holdings, Inc. 1997 Stock Option Certificate and Agreement (“Option
Agreement”). This grant of options shall be subject to the terms and conditions of the Option Agreement, the Walco Holdings, Inc. 1997 Stock Option Plan (“Option Plan”), and the Walco Holdings, Inc. Stockholders Agreement
(“Stockholders Agreement”). This Agreement in no way amends or modifies the terms of this Option Agreement, the Option Plan or the Stockholders Agreement. 
 The Terms of This Agreement Are Severable. The provisions of this Agreement shall be severable and in the event that any provisions hereof shall be found by any court to be unenforceable, in whole or in part,
the remainder of this Agreement shall still be given full force and effect and shall be binding on the parties. 
 Reasonable Restraint. I agree that
the provisions of this Agreement impose only reasonable restraints. 
 Texas Agreement. This Agreement shall be governed by the laws of the State of
Texas. 
 BY SIGNING THIS AGREEMENT, I ACKNOWLEDGE THAT I HAVE READ IT IN ITS ENTIRETY AND I AM FREELY AND VOLUNTARILY AGREEING TO ITS TERMS AND
CONDITIONS. 
 SIGNED THIS 10th DAY OF March, 2000. 
  

							
	 	 	 	 	 	 	 /s/ Kathy C. Hassenpflug

		 		 		 	SIGNATURE
				
		 		 		 	KATHY C. HASSENPFLUG
		 		 		 	PRINT NAME
			
	ACKNOWLEDGEMENT:	 		 	
			
	WALCO INTERNATIONAL, INC.	 		 	
				
	BY:	 	 /s/ Greg Eveland
	 		 	
	ITS:	 	Senior Vice PresidentNon-Competition Addendum between the Company and Kathy Hassenpflug

 Exhibit 10.2 
 NON-COMPETITION ADDENDUM 
 This NON-COMPETITION ADDENDUM is made and entered into by and between
Walco International, Inc., a California corporation, having an address of 7 Village Circle, Suite 200, in the city of Westlake, state of Texas (the “Company”) and Kathy Hassenpflug, having an address of 5211 Brettenmeadow
Dr., in the city of Grapevine, state of TX (the “Employee”), effective as of the 30th day of September, 2005. 
 WHEREAS, Walco International Holdings, Inc., a Delaware corporation and the ultimate parent of the Company (“Parent”), has offered the Employee the opportunity to purchase shares of Series A Preferred Stock, par value $0.01 per
share (the “Preferred Stock”), of Parent pursuant to Parent’s 2005 Stock Option and Grant Plan; 
 WHEREAS, Parent has also
offered the Employee the opportunity to purchase shares of Restricted Common Stock (the “Common Stock”) of Parent pursuant to a Restricted Stock Agreement and Parent’s 2005 Stock Option and Grant Plan; 
 WHEREAS, the Employee and Company previously entered into that certain Agreement dated 03/10/00 (the “Contract”), wherein Employee agreed to
certain restrictive covenants as more specifically identified therein; 
 WHEREAS, the Employee has elected to purchase shares of the
Preferred Stock and/or the Common Stock; and 
 WHEREAS, as a condition of the sale of the Preferred Stock and/or Common Stock to the
Employee, the Employee is required to agree to certain additional confidentiality, non-solicitation, and non-compete obligations contained herein. 
 NOW, THEREFORE, in consideration of the foregoing premises and the mutual promises, terms, provisions and conditions set forth in this Agreement, the parties hereby agree: 
 1. Definitions. Words or phrases which are initially capitalized or are within quotation marks shall have the meanings provided in this
Section 1 and as provided elsewhere herein. For purposes of this Agreement, the following definitions apply: 
 1.1
“Affiliates” means all persons and entities directly or indirectly controlling, controlled by or under common control with the Company, where control may be by either management authority or equity interest. 
 1.2 “Confidential Information” means any and all information of the Company and its Affiliates that is not generally known by others with whom
they compete or do business, or with whom they plan to compete or do business and any and all information, publicly known in whole or in part or not, which, if disclosed by the Company or its Affiliates would assist in competition against them.
Confidential Information includes without limitation such information relating to (i) the development, research, testing, manufacturing, marketing and financial activities of 

  

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the Company and its Affiliates, (ii) the Products, (iii) the costs, sources of supply, financial performance and strategic plans of the Company and
its Affiliates, (iv) the identity and special needs of the customers of the Company and its Affiliates and (v) the people and organizations with whom the Company and its Affiliates have business relationships and those relationships.
Confidential Information also includes comparable information that the Company or any of its Affiliates have received belonging to others or which was received by the Company or any of its Affiliates with any understanding that it would not be
disclosed. 
 1.3 “Intellectual Property” means inventions, discoveries, developments, methods, processes, compositions, works,
concepts and ideas (whether or not patentable or copyrightable or constitution trade secrets) conceived, made, created, developed or reduced to practice by the Employee (whether alone or with others, whether or not during normal business hours or on
of off Company premises) during the Employee’s employment that relate to either the Products or any prospective activity of the Company or any of its Affiliates. 
 1.4 “Person” means an individual, a corporation, an association, a partnership, an estate, a trust and any other entity or organization, other than the Company or any of its Affiliates. 
 1.5 “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put
into use by the Company or any of its Affiliates, together with all services provided or planned by the Company or any of its Affiliates, during the Employee’s employment. 
 2. Confidential Information 
 2.1 The
Employee acknowledges that the Company and its Affiliates continually develop Confidential Information, that the Employee may develop Confidential Information for the Company or its Affiliates and that the Employee may learn of Confidential
Information during the course of employment. The Employee will comply with the policies and procedures of the Company and its Affiliates for protecting Confidential Information and shall never disclose to any Person or to any governmental agency or
political subdivision of any government (except as required by applicable law or for the proper performance of the Employee’s duties and responsibilities to the Company and its Affiliates), or use for the Employee’s own benefit or gain,
any Confidential Information obtained by the Employee incident to the Employee’s employment or other association with the Company or any of its Affiliates. The Employee understands that this restriction shall continue to apply after the
Employee’s employment terminates, regardless of the reason for such termination. 
 2.2 All documents, records, tapes and other media of
every kind and description relating to the business, present or otherwise, of the Company or its Affiliates and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by the Employee, shall be the sole and
exclusive property of the Company and its Affiliates. The Employee shall safeguard all Documents and shall surrender to the Company at the time the Employee’s employment terminates, or at such earlier time or times as the Board or its designee
may specify, all Documents then in the Employee’s possession or control. 
  

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 3. Assignment of Rights to Intellectual Property. The Employee shall promptly and fully disclose
all Intellectual Property to the Company. The Employee hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) the Employee’s full right, title and interest in and to all Intellectual Property. The Employee
agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or
confirmation) requested by the Company to assign the Intellectual Property to the Company and to permit the Company to enforce or otherwise protect its rights and interests in any patents, copyrights or other proprietary rights to the Intellectual
Property. If the Company is unable, after reasonable effort, to secure the Employee’s signature on any such applications or instruments, the Employee hereby irrevocably designates and appoints each officer of the Company as the Employee’s
agent and attorney-in-fact to execute any such applications or instruments on the Employee’s behalf, and to take any and all actions as the Company may deem necessary or desirable in order to protect its rights and interests in any Intellectual
Property. The Employee will not charge the Company for time spent in employing with these obligations. All copyrightable works that the Employee creates shall be considered “work made for hire”. The Employee’s obligation to assign his
or her rights to Intellectual Property under this Section 8 shall not apply to any invention (i) that the Employee develops on the Employee’s own time, without using the Company’s equipment, supplies, facilities or trade secret
information, unless such invention relates at the time of conception or reduction to practice of the invention to the Company’s business or to the actual or demonstrably anticipated research or development of the Company or results from any
work performed by the Employee for the Company or (ii) that, under applicable law, the Employee may not be required to assign to the Company. The Employee hereby waives all claims to any moral rights or other special rights which the Employee
may have or accrue in any Intellectual Property. 
 4. Restricted Activities. The Employee agrees that the following restrictions on
the Employee’s activities during and after the Employee’s employment are necessary to protect the goodwill, Confidential Information and other legitimate interests of the Company and its Affiliates: 
 4.1 While the Employee is employed by the Company and for a period of one (1) year after the Employee’s employment terminates (the
“Non-Competition Period”), the Employee shall not, directly or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or otherwise, compete with the Company or any of its Affiliates within the United
State (or within any county of any of the states thereof), Mexico, Canada or Brazil. Specifically, but without limiting the foregoing, the Employee agrees not to engage in any manner in any activity that is directly or indirectly competitive or, to
the Employee’s actual knowledge, potentially competitive with the business of the Company or any of its Affiliates as conducted or under consideration at any time during the Employee’s employment. For the purposes of this Section 4,
the business of the Company and its Affiliates shall include all of the Products and the Employee’s undertaking shall encompass all items, products and services that may be used in substitution for Products. 
 4.2 The Employee agrees that, during the Employee’s employment with the Company, the Employee will not undertake any outside activity, whether or
not competitive with the business of the Company or its Affiliates, that could reasonably give rise to a conflict of interest or otherwise interfere with the Employee’s duties and obligations to the Company or any of its Affiliates. 

 

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 4.3 The Employee further agrees that while the Employee is employed by the Company and for a period of
two (2) years thereafter, the Employee will not hire or attempt to hire any employee of the Company or any of its Affiliates, assists in such hiring by any Person, encourage any such employee to terminate his or her relationship with the
Company or any of its Affiliates, or solicit or encourage any customer, supplier, licensee, franchiser or other entity with a business relationship to the Company or any of its Affiliates to terminate or diminish its relationship with them or,
excepting the case of a supplier, to conduct with any Person any business or activity which is conducted or could be conducted with the Company or any of its Affiliates. 
 5. Enforcement of Covenants. The Employee acknowledges that he or she has carefully read and considered all the terms and conditions of this Agreement, including the restraints imposed upon the Employee
pursuant to Sections 2, 3 and 4 hereof. The Employee agrees that said restraints are necessary for the reasonable and proper protection of the Company and its Affiliates and that each and every one of the restraints is reasonable in respect to
subject matter, length of time and geographic area. The Employee further acknowledges that, were the Employee to breach any of the covenants contained in Sections 2, 3 and 4, the damage to the Company would be irreparable. The Employee therefore
agrees that the Company, in addition to any other remedies available to it, shall be entitled to preliminary and permanent injunctive relief against any breach or threatened breach by the Employee of any of said covenants, without having to post
bond. The parties further agree that, in the event that any provision of Section 2, 3 or 4 hereof shall be determined by any court of competent jurisdiction to be unenforceable by reason of its being extended over too great a time, too large a
geographic area or too great a range of activities, such provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by law. 
 6. Conflicting Agreements. The Employee hereby represents and warrants that the execution of this Agreement and the performance of the Employee’s obligations hereunder will not breach or be in conflict
with any other agreement to which the Employee is a party or is bound and that the Employee is not now subject to any covenants against competition or similar covenants that would affect the performance of the Employee’s obligations hereunder.
The Employee will not disclose to or use on behalf of the Company any proprietary information of a third party without such party’s consent. 
 7. Assignment. Neither the Company nor the Employee may make any assignment of this Agreement or any interest herein, by operation of law or otherwise, without the prior written consent of the other; provided, however, that the
Company may assign its rights and obligations under this Agreement without the consent of the Employee to one of its Affiliates or to a Person with whom the Company shall hereafter affect a reorganization, consolidation nor merger or to whom the
Company transfers all or substantially all of its properties or assets. This Agreement shall inure to the benefit of and be binding upon the Company and the Employee, their respective successors, executors, administrators, heirs and permitted
assigns. 
  

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 8. Severability. If any portion or provision of this Agreement shall to any extent be declared
illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not
be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 
 9. Waiver. No waiver of any provision hereof shall be effective unless make in writing and signed by the waiving party. The failure of either party to require the performance of any term or obligation of this Agreement, or the waiver
by either party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation of be deemed a waiver of any subsequent breach. 
 10. Notices. Any and all notices, requests, demands and other communications provided for by this Agreement shall be in writing and shall be effective when delivered in person or deposited in the United State
mail, postage prepaid, registered or certified, and addressed to the Employee at the Employee’s last known address on the books of the Company or, in the case of the Company, at its principal place of business, attention of the CEO, or to such
other address as either party may specify by notice to the other actually received. 
 11. Entire Agreement. This Agreement and the
Contract constitutes the entire agreement between the parties and supersedes all prior communications, agreements and understandings, written or oral, with respect to subject matter hereof and thereof. In the event of any inconsistency between the
terms of this Agreement and the Contract, the terms of this Agreement shall control. All other terms of the Contract shall remain in full force and effect, and are hereby ratified and confirmed. 
 12. Amendment. This Agreement may be amended or modified only by a written instrument singed by the Employee and by an expressly authorized
representative of the Company. 
 13. Headings. The headings and captions in this Agreement are for convenience only and in no way
define or describe the scope or content of any provision of this Agreement. 
 14. Counterparts. This Agreement may be executed in two
or more counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument. 
 15.
Governing Law. This Agreement shall be construed and enforced under, and be governed in all respects by, the laws of Texas, without regard to the conflict of laws principles thereof. 
  

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 IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument by the Company, by its duly
authorized representative, and by the Employee, as of the date first above written. 
  

									
	EMPLOYEE:	 		 	WALCO INTERNATIONAL, INC.,
	 	 	 	 	 	 	a California corporation
					
	By:	 	 /s/ Kathy Hassenpflug
	 		 	By:	 	 /s/ William F. Lacey

	Name:	 	KATHY HASSENPFLUG	 		 	Name	 	WILLIAM F. LACEY
	Date:	 	9-20-05	 		 	Title:	 	Senior V.P. and CFO
		 		 		 	Date:	 	9/30/05

  

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