Document:

EX-10.18

 Exhibit 10.18 
 Execution Version 
 FIRST AMENDMENT 

TO REVOLVING SYNDICATED FACILITY AGREEMENT 
 FIRST AMENDMENT TO REVOLVING SYNDICATED FACILITY AGREEMENT, dated as of August 8, 2012 (this “Amendment”), among TRONOX LIMITED, an Australian public limited company incorporated in
the Commonwealth of Australia (“Holdings”) and certain of its Subsidiaries party hereto as borrowers and guarantors, (collectively, the “Borrowers” and each individually, a “Borrower”), the
Subsidiary Guarantors party hereto, the several banks and other financial institutions parties hereto as lenders (the “Lenders”), UBS AG, STAMFORD BRANCH, as an issuing bank, as administrative agent (in such capacity, the
“Administrative Agent”) for the Lenders and as collateral agent for the Secured Parties. 
 W I T N E S S
E T H: 
 WHEREAS, the Borrowers, the Subsidiary Guarantors, the Lenders, the Administrative Agent and the other agents
and lenders party thereto have entered into that certain Revolving Syndicated Facility Agreement, dated as of June 18, 2012, (as amended, supplemented, or otherwise modified from time to time, the “Facility Agreement”) pursuant
to which the Lenders have agreed to make certain loans and extend certain other financial accommodations to the Borrowers as provided therein. Capitalized terms used herein but not otherwise defined herein shall have the meanings given such terms in
the Facility Agreement; 
 WHEREAS, the Lenders and the Administrative Agent desire to modify the Facility Agreement in certain
respects, in accordance with the terms and conditions contained herein. 
 NOW, THEREFORE, in consideration of the terms and
conditions contained herein, and of any loans or financial accommodations heretofore, now, or hereafter made to or for the benefit of the Borrowers by the Lenders, it hereby is agreed as follows: 

ARTICLE I 

AMENDMENTS 
 Section 1.1 Amendment to Preamble. The Preamble to the Facility Agreement is hereby amended as of the Effective Date by amending and restating such Preamble in its entirety as follows:

 “This REVOLVING SYNDICATED FACILITY AGREEMENT (this “Agreement”) dated as of June 18, 2012, among
TRONOX INCORPORATED, a Delaware corporation and certain of its Subsidiaries party hereto, as U.S. Borrowers and Guarantors (collectively, the “Initial U.S. Borrowers”), TRONOX LIMITED (ACN 153 348 111), an Australian public limited
company incorporated in the Commonwealth of Australia (“Holdings”) and certain of its Subsidiaries party hereto, as Australian Borrowers and Guarantors (collectively, the “Initial Australian Borrowers”; and together
with the Initial U.S. Borrowers and any Additional Co-Borrowers who become party hereto, collectively, the “Borrowers” and each, a “Borrower”), the Subsidiary Guarantors (such term 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 
and each other capitalized term used but not defined herein having the meaning given to it in Article I), the Lenders, UBS LOAN FINANCE LLC, as swingline lender (in such capacity, the
“Swingline Lender”), UBS AG, STAMFORD BRANCH, as issuing bank (in such capacity, the “Issuing Bank”), as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as
collateral agent (in such capacity, the “Collateral Agent”) for the Secured Parties and the Issuing Bank and UBS AG, STAMFORD BRANCH, as Australian security trustee (in such capacity, the “Australian Security
Trustee”), UBS SECURITIES LLC, as bookmanager and lead arranger (in such capacity, “Arranger”), GOLDMAN SACHS BANK USA and ROYAL BANK OF CANADA as co-syndication agents (in such capacity, the “Syndication
Agent”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH and WELLS FARGO BANK, N.A. as documentation agent (in such capacity, the “Documentation Agent”).” 

Section 1.2 Amendment to Recitals. The Recitals of the Facility Agreement are hereby amended as of the Effective Date by
amending and restating the second WHEREAS clause in its entirety as follows: 
 “WHEREAS, the Borrowers have requested the
Swingline Lender to make Swingline Loans, at any time and from time to time prior to the Revolving Maturity Date, in an aggregate principal amount at any time outstanding not in excess of the greater of (a) $30.0 million and (b) 10% of the
aggregate Revolving Commitments.” 
 Section 1.3 Amendment to Section 1.01. Section 1.01 of the
Facility Agreement is hereby amended as of the Effective Date as follows: 
 (a) The following new defined terms are
hereby inserted in proper alphabetical order as of the Effective Date: 
 ““Existing Letters of Credit”
shall mean the letters of credit set forth on Schedule 2.18. 
 “First Amendment” shall mean the First
Amendment to Revolving Syndicated Facility Agreement, dated as of August 8, 2012, among Holdings, the other Borrowers party thereto, the Subsidiary Guarantors party thereto, the Lenders party thereto and the Administrative Agent. 

“First Amendment Effective Date” shall have the meaning assigned to the term “Effective Date” in the First
Amendment.” 
 (b) The defined term “Consolidated Fixed Charges” is hereby amended as of the
Effective Date by amending and restating clause (c) of such definition in its entirety as follows: 
 “(c) the
principal amount of all scheduled amortization payments on all Indebtedness paid or payable in cash (including the principal component of all Capital Lease Obligations) of Holdings and its Subsidiaries for such period (as determined on the first day
of the respective period and after giving effect to any reduction thereof due to mandatory or permitted prepayments on such 

  
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REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 Indebtedness); provided that for the avoidance of
doubt, it is agreed that any principal payments at final maturity made with identifiable proceeds of Indebtedness or equity to the extent such Indebtedness or equity was incurred to refinance, replace or refund the entire outstanding principal
amount of such Indebtedness shall not be included in this clause (c);”. 
 (c) The defined term “Defaulting
Lender” is hereby amended as of the Effective Date by: 
 (i) replacing the phrase “one
(1) Business Day” with the phrase “two (2) Business Days” where such phrase appears in clause (a) of such definition; and 
 (ii) inserting the phrase “or thereunder” after the phrase “Lender’s obligation to fund a Loan hereunder” where such phrase appears in clause (b) of such definition.

 (d) The defined term “Freight Forwarder Letter” is hereby amended as of the Effective Date by inserting the
phrase “in which such Freight Forwarder acknowledges and agrees to hold the applicable documents as an agent of the Administrative Agent for purposes of perfecting the Administrative Agent’s Lien on such documents” after the phrase
“books and records or Inventory” where such phrase appears in such definition. 
 (e) The defined term
“Issuing Bank” is hereby amended as of the Effective Date by amending and restating such definition in its entirety as follows: 
 ““Issuing Bank” shall mean, as the context may require, (a) UBS AG, Stamford Branch, in its capacity as issuer of Letters of Credit issued by it; (b) any other Lender that
may become an Issuing Bank pursuant to Sections 2.18(j) and (k) in its capacity as issuer of Letters of Credit issued by such Lender; (c) Wells Fargo Bank, N.A., but solely in its capacity as issuer of the Existing Letters of
Credit; or (d) collectively, all of the foregoing.” 
 (f) The defined term “Secured Obligations” is
hereby amended as of the Effective Date by amending and restating the proviso at the end of such definition in its entirety as follows: 
 “provided that the Administrative Agent shall establish a Reserve for the amount of obligations under Hedging Agreements or Treasury Services Agreements for such Hedging Agreements or Treasury
Services Agreements to constitute Secured Obligations.” 
 (g) The defined term “Swingline Commitment” is
hereby amended as of the Effective Date by amending and restating the second sentence of such definition in its entirety as follows: 
 “The amount of the Swingline Commitment shall initially be $30.0 million, but shall in no event exceed 10% of the aggregate Revolving Commitments.”. 

  
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 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 Section 1.4 Amendment to Section 2.02(b).
Section 2.02(b) of the Facility Agreement is hereby amended as of the Effective Date by inserting the phrase “or any ABR Loan” after the phrase “make any Eurodollar Revolving Loan” where such phrase appears in the second
sentence of such Section. 
 Section 1.5 Amendment to Section 2.17(d). Section 2.17(d) of the Facility
Agreement is hereby amended as of the Effective Date by amending and restating the first sentence of such Section in its entirety as follows: 
 “The Swingline Lender may at any time in its discretion, and shall, at the minimum on a weekly basis, by written notice given to the Administrative Agent (provided such notice requirement shall not
apply if the Swingline Lender and the Administrative Agent are the same entity) not later than 11:00 a.m., New York City time, on the next succeeding Business Day following such notice require the Revolving Lenders to acquire participations on such
Business Day in all or a portion of the Swingline Loans then outstanding.” 
 Section 1.6 Amendment to
Section 2.18. Section 2.18 of the Facility Agreement is hereby amended as of the Effective Date by inserting the following new clause (n) at the end of such Section: 

“(n) Existing Letters of Credit. Upon the return to the Administrative Agent on or after the First Amendment
Effective of the backstop Letter of Credit issued on the Closing Date to Wells Fargo Bank N.A., (i) each Existing Letter of Credit, to the extent outstanding, shall be automatically and without further action by the parties thereto deemed
converted into Letters of Credit issued pursuant to this Section 2.18 for the account of the Loan Parties set forth on Schedule 2.18 and subject to the provisions hereof, and for this purpose fees in respect thereof pursuant to
Section 2.05(c) shall be payable (in substitution for any fees set forth in the applicable letter of credit reimbursement agreements or applications relating to such Existing Letters of Credit, except to the extent that such fees are
also payable pursuant to Section 2.05(c)) as if such Existing Letters of Credit had been issued on the First Amendment Effective Date; (ii) Wells Fargo Bank, N.A. shall be deemed to be the Issuing Bank with respect to the Existing
Letters of Credit; (iii) such Letters of Credit shall each be included in the calculation of LC Exposure; and (iv) all liabilities of the Loan Parties with respect to such Existing Letters of Credit shall constitute Obligations. No
Existing Letter of Credit converted in accordance with this clause (n) shall be amended, extended or renewed except in accordance with the terms hereof. Notwithstanding the foregoing, the Loan Parties shall not be required to pay any
additional issuance fees with respect to the issuance of such Existing Letter of Credit solely as a result of such letter of credit being converted to a Letter of Credit hereunder, it being understood that the fronting, participation and other fees
set forth in Section 2.05(c) shall otherwise apply to such Existing Letters of Credit.” 
 Section 1.7
Amendment to Section 5.19. Section 5.19 of the Facility Agreement is hereby amended as of the Effective Date by amending and restating the last sentence of such Section in its entirety as follows: 

  
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REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 “The Loan Parties shall cooperate fully with the
Administrative Agent and its agents during all (x) Collateral field audits, which shall be at the Borrowers’ expense and shall be conducted, at the request of the Administrative Agent, not more than (i) two (2) times during the
first year after the Closing Date; (ii) once during any twelve month period thereafter, absent an Event of Default and subject to the following subclause (iii); and (iii) two (2) times during the twelve month period after the
date that the Borrowing Availability shall be less than the greater of (A) $150.0 million and (B) 50% of the aggregate Revolving Commitments in effect at such time; and (y) Inventory Appraisals, which shall be at the Borrowers’
expense and shall be conducted, at the request of the Administrative Agent, not more than (i) two (2) times per year during the first year after the Closing Date; (ii) once during any twelve month period thereafter, absent an Event of
Default and subject to the following subclause (iii); and (iii) two (2) times during the twelve month period after the date that the Borrowing Availability shall be less than the greater of (A) $150.0 million and (B) 50%
of the aggregate Revolving Commitments in effect at such time; provided, however, that in the case of both Collateral field audits and Inventory Appraisals, following the occurrence and during the continuation of an Event of Default,
Collateral field audits and Inventory Appraisals shall be conducted at the Borrowers’ expense more frequently at the Administrative Agent’s reasonable request.” 
 Section 1.8 Amendment to Section 6.04(g). Section 6.04(g) of the Facility Agreement is hereby amended as of the Effective Date by replacing the phrase “on the Closing Date”
with the phrase “on the First Amendment Effective Date”. 
 Section 1.9 Amendment to Section 10.02.
Section 10.02 of the Facility Agreement is hereby amended as of the Effective Date by: 
 (a) amending and restating the
proviso at the end of the lead-in of clause (b) of such Section in its entirety as follows: 
 “provided that no
such agreement, waiver, supplement or modification shall be effective if the effect thereof would:” 
 (b)
(i) deleting the “or” at the end of subclauses (xv) and (xvi) of clause (b) of such Section and (ii) inserting the following new subclause (xviii) after the end of subclause (xvii) of clause (b) of
such Section: “or 
 (xviii) change any provision of Section 8.02 or the proviso in the definition of
“Secured Obligations”, without the written consent of the Supermajority Lenders;” 
 (c) inserting the following
phrase at the end of clause (e) of such Section: 
 “without limiting the rights of the Lenders to decline to provide
any increased or new Commitment under Section 2.20.” 
 Section 1.10 Amendment to
Section 10.04(b). Section 10.04(b) of the Facility Agreement is hereby amended as of the Effective Date by amending subclause (i)(B) of such Section in its entirety as follows: 

  
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REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 “(B) the Administrative Agent; provided that no
consent of the Administrative Agent shall be required for an assignment of any Revolving Commitment to an assignee that is a Lender with a Revolving Commitment immediately prior to giving effect to such assignment, an Affiliate of a Lender or an
Approved Fund; and” 
 Section 1.11 Amendment to Section 10.04(c). Section 10.04(c) of the Facility
Agreement is hereby amended as of the Effective Date by amending clause (c) of Section 10.04 by inserting the phrase “absent manifest error” after the phrase “The entries in the Register shall be conclusive” where such
phrase appears at the beginning of the second sentence of such clause 
 Section 1.12 Amendment to
Section 10.04(d). Section 10.04(d) of the Facility Agreement is hereby amended as of the Effective Date by amending the last paragraph of clause (d) of Section 10.04 by amending and restating the last sentence of such clause
in its entirety as follows: 
 “The Participant Register shall be available for inspection by the Administrative Borrower
from time to time upon reasonable prior notice; provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating
to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under this Agreement) except to the extent that the relevant parties, acting reasonably and in good faith, determine that such disclosure is
necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.” 
 Section 1.13 Amendment to Article X. Article X of the Facility Agreement is hereby amended as of the Effective Date by inserting the following new Section 10.26 at the end of such
Article: 
 “Section 10.26 No Fiduciary Duty. Each Agent, each Lender and their Affiliates
(collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their affiliates. Each Loan Party agrees that nothing in the
Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and such Loan Party, its stockholders or its affiliates, on the other. The
Loan Parties acknowledge and agree that (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders, on the
one hand, and the Loan Parties, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of any Loan Party, its stockholders or its
affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any
Loan Party, its stockholders or its Affiliates on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely as principal and not as the agent
or fiduciary of any Loan Party, its management, stockholders, creditors 

  
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REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 or any other Person. Each Loan Party acknowledges and agrees
that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. Each Loan Party
agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to such Loan Party, in connection with such transaction or the process leading thereto.” 

Section 1.14 Amendment to Schedules. The Schedules to the Facility Agreement are hereby amended as of the Effective Date by:

 (a) amending and restating Schedule 6.01(q) to the Facility Agreement in its entirety as set forth on Schedule
6.01(q) hereto; and 
 (b) adding as Schedule 2.18 to the Facility Agreement the schedule set forth on Schedule 2.18
hereto. 
 Section 1.15 Amendment Cover Page. The cover page to the Facility Agreement is hereby amended as of the
Effective Date by deleting it in its entirety and replacing it as set forth on Exhibit A hereto. 
 ARTICLE II

 CONDITIONS PRECEDENT TO EFFECTIVENESS 

This Amendment shall become effective (the “Effective Date”) when the following condition precedent has been satisfied:
the Loan Parties, the Lenders and the Administrative Agent have each delivered a duly executed counterpart of this Amendment to the Administrative Agent. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 

Each Loan Party represents and warrants on the Effective Date that: 

(a) Requisite Power and Authority; Due Authorization; Binding Obligation. Each of Holdings and its Subsidiaries has all requisite
power and authority to enter into this Amendment and to carry out the transactions contemplated. The execution, delivery and performance of this Amendment and the Facility Agreement as amended hereby have been duly authorized by all necessary action
on the part of each Loan Party that is a party hereto and thereto. This Amendment has been duly executed and delivered by each Loan Party and is the legally valid and binding obligation of each Loan Party, enforceable against each Loan Party in
accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

 (b) No Conflict. The execution, delivery and performance of this Amendment by the Loan Parties do not and will not
(i) except as could not reasonably be expected to result in a Material Adverse Effect, violate (A) any provision of any law or any governmental rule or regulation applicable to Holdings or any of its Subsidiaries or (B) any

  
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 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 Requirement of Law applicable to Holdings or any of its Subsidiaries
(including, without limitation, in respect of the Australian Borrowers, Section 260A of the Corporations Act); (ii) except as could not reasonably be expected to result in a Material Adverse Effect, conflict with, result in a breach of,
constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of Holdings or any of its Subsidiaries; (iii) violate any of the Organizational Documents of Holdings or any of its Subsidiaries, (iv) result
in or require the creation or imposition of any Lien upon any of the properties or assets of Holdings or any of its Subsidiaries (other than any Liens created under any of the Loan Documents in favor of the Collateral Agent, on behalf of the Secured
Parties and Permitted Liens); or (v) require any approval of stockholders, members or partners or any approval or consent of any Person under any material Contractual Obligation of Holdings or any of its Subsidiaries, except for such approvals
or consents which have been obtained and are in full force and effect. 
 (c) Governmental Consents. No consent or
approval of, or notice to, or other action to, with or by, any Governmental Authority is required to be obtained or made by or on behalf of the Loan Parties in connection with the execution, delivery, performance, validity or enforceability of this
Amendment except (i) as have been obtained or made and are in full force and effect; (ii) for filings and recordings with respect to the Collateral necessary to perfect Liens created by the Loan Documents; and (iii) as could not
reasonably be expected to result in a Material Adverse Effect. 
 ARTICLE IV 

MISCELLANEOUS 
 Section 4.1 Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the
rights and remedies of the Agent or any Lender under the Loan Documents, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Loan Documents, all of which are
ratified and affirmed in all respects and shall continue in full force and effect except that, on and after the effectiveness of this Amendment, each reference to the Facility Agreement in the Loan Documents shall mean and be a reference to the
Facility Agreement as amended by this Amendment. Nothing herein shall be deemed to entitle the Borrowers to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements
contained in the Loan Documents in similar or different circumstances. This Amendment is a Loan Document executed pursuant to the Facility Agreement and shall be construed, administered and applied in accordance with the terms and provisions
thereof. 
 Section 4.2 Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted under Section 11.04 of the Facility Agreement. 

Section 4.3 Headings. Article and Section headings used herein are for convenience of reference only, are not part of this
Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment. 

Section 4.4 Severability. Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

  
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REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 Section 4.5 Counterparts. This Amendment may be
executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Except as provided in Article II, this
Amendment shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties
hereto. Delivery of an executed counterpart of a signature page of this Amendment by telecopier or other electronic transmission (i.e. a “pdf” or “tif” document) shall be effective as delivery of a manually executed counterpart
of this Amendment. 
 Section 4.6 Governing Law; Jurisdiction; Consent to Service of Process. 

(a) Governing Law. This Amendment and the transactions contemplated hereby, and all disputes between the parties under or
relating to this Amendment or the facts or circumstances leading to its execution, whether in contract, tort or otherwise, shall be construed in accordance with and governed by the laws (including statutes of limitation) of the State of New York,
without regard to conflicts of law principles that would require the application of the laws of another jurisdiction. 
 (b)
Submission to Jurisdiction. Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United
States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Amendment or any other Loan Document, or for recognition or enforcement of any
judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by
applicable Requirements of Law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. Nothing in this Amendment or any other Loan Document shall affect any right that the Administrative Agent, the Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Amendment or any
other Loan Document against any Loan Party or its properties in the courts of any jurisdiction. 
 (c) Venue. Each Loan
Party hereby irrevocably and unconditionally waives, to the fullest extent permitted by applicable Requirements of Law, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Amendment or any other Loan Document in any court referred to in Section 4.6(b). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable Requirements of Law, the defense of an
inconvenient forum to the maintenance of such action or proceeding in any such court. 
 (d) Service of Process. Each
party hereto irrevocably consents to service of process in any action or proceeding arising out of or relating to any Loan Document, in the manner provided for notices (other than telecopier) in Section 10.01 of the Facility Agreement. Nothing
in this Amendment or any other Loan Document will affect the right of any party hereto to serve process in any other manner permitted by applicable Requirements of Law. 

  
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 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 Section 4.7 Waiver Of Jury Trial. Each Loan Party
hereby waives, to the fullest extent permitted by applicable Requirements of Law, any right it may have to a trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Amendment, any other Loan Document or the
transactions contemplated hereby (whether based on contract, tort or any other theory). Each party hereto (a) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party
would not, in the event of litigation, seek to enforce the foregoing waiver and (b) acknowledges that it and the other parties hereto have been induced to enter into this Amendment by, among other things, the mutual waivers and certifications
in this Section 4.7. 
 Section 4.8 Costs and Expenses. The Borrowers agree to reimburse the Administrative
Agent for its reasonable, documented out-of-pocket expenses incurred in connection with this Amendment, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent. 

[Remainder of this page is intentionally left blank.] 

  
 10 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	U.S. BORROWERS:
	
	 SOUTHWESTERN REFINING COMPANY, INC.
 TRIPLE S REFINING CORPORATION
 TRONOX HOLDINGS, INC.

TRONOX INCORPORATED
 TRONOX LLC

TRONOX US HOLDINGS INC.

		
	By:	 	/s/ Michael J. Foster
	 Name:
 Title:
	 	Michael J. Foster

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

					
	  
 SIGNED, SEALED AND
DELIVERED
 by

Michael J. Foster

as attorney for
 TRONOX AUSTRALIA HOLDINGS PTY LIMITED
 TRONOX
AUSTRALIA PIGMENTS HOLDINGS PTY LIMITED
 TRONOX GLOBAL HOLDINGS PTY LIMITED

TRONOX LIMITED

TRONOX PIGMENTS AUSTRALIA HOLDINGS PTY LIMITED

TRONOX PIGMENTS AUSTRALIA PTY LIMITED

TRONOX PIGMENTS WESTERN AUSTRALIA PTY LIMITED

TRONOX SANDS HOLDINGS PTY LIMITED

under power of attorney dated

14 June 2012

in the presence of:
	  	  
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 )
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	  	AUSTRALIAN BORROWERS:
			
	/s/ Matthew Paque	  		  	
	Signature of witness	  		  	
			
	MATTHEW PAQUE	  		  	/s/ Michael J. Foster
	Name of witness (block letters)	  		  	By executing this agreement the attorney states that the attorney has received no notice of revocation of the power to attorney

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

					
	 SIGNED, SEALED AND DELIVERED

by
 Michael J. Foster

as attorney for
 TRONOX WESTERN AUSTRALIA PTY
LTD under power of attorney dated 8 June 2012
 in the presence of:

 
	  	 )
 )

)
 )

)
 )

)
 )

)
 )

)
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)
	  	
	/s/ Matthew Paque	  	  	
	Signature of witness	  	  	
	  
 MATTHEW
PAQUE
	  	  	  
 /s/ Michael J.
Foster

	Name of witness (block letters)	  	  	By executing this agreement the attorney states that the attorney has received no notice of revocation of the power of attorney

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

					
	 SIGNED, SEALED AND DELIVERED
 by
 Michael J. Foster
 as attorney for
 TRONOX WORLDWIDE PTY LIMITED (F/K/A
TRONOX WORLDWIDE LLC)
 under power of attorney dated
 29 June 2012
 in the presence of:
	  	 )
 )

)
 )

)
 )

)
 )

)
 )

)
 )

)
	  	
	  
 /s/ Matthew
Paque
	  	  	
	Signature of witness	  	  	
	  
 MATTHEW
PAQUE
	  	  	  
 /s/ Michael J.
Foster

	Name of witness (block letters)	  	  	By executing this agreement the attorney states that the attorney has received no notice of revocation of the power of attorney

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

					
	 SIGNED, SEALED AND DELIVERED
 by
 Michael J. Foster
 as attorney for
  
 TRONOX HOLDINGS (AUSTRALIA) PTY LTD
 TRONOX
INVESTMENTS (AUSTRALIA) PTY LTD
 TRONOX AUSTRALIA SANDS PTY LTD

TICOR RESOURCES PTY LTD

TICOR FINANCE (A.C.T.) PTY LTD

TIO2 CORPORATION PTY LTD

YALGOO MINERALS PTY. LTD.

TIFIC PTY. LTD.

SYNTHETIC RUTILE HOLDINGS PTY LTD

SENBAR HOLDINGS PTY LTD

PIGMENT HOLDINGS PTY LTD

TRONOX MINERAL SALES PTY LTD

TRONOX MANAGEMENT PTY LTD
 under power of attorney dated
 18 June 2012
 in the presence of:
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	/s/ Matthew Paque	  	  	
	Signature of witness	  	  	
	  
 /s/ MATTHEW
PAQUE
	  	  	  
 /s/ Michael J.
Foster

	Name of witness (block letters)	  	  	By executing this agreement the attorney states that the attorney has received no notice of revocation of the power of attorney

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

			
	SUBSIDIARY GUARANTORS:
	
	TRONOX INTERNATIONAL FINANCE LLP
		
	By:	 	/s/ Michael J. Foster
	 Name:
 Title:
	 	Michael J. Foster
	
	TRONOX PIGMENTS LTD
		
	By:	 	/s/ Michael J. Foster
	 Name:
 Title:
	 	Michael J. Foster

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

			
	AGENTS AND LENDERS:
	
	 UBS AG, STAMFORD BRANCH, as Issuing
 Bank, Administrative Agent and Collateral
 Agent

		
	By:	 	/s/ Mary E. Evans
	 Name:
 Title:
	 	 Mary E. Evans
 Associate
Director Banking Products Services, US

		
	By:	 	/s/ Irja R. Otsa
	 Name:
 Title:
	 	 Irja R. Otsa
 Associate
Director Banking Products Services, US

	
	UBS LOAN FINANCE LLC, as Lender and Swingline Lender
		
	By:	 	/s/ Mary E. Evans
	 Name:
 Title:
	 	 Mary E. Evans
 Associate
Director Banking Products Services, US

		
	By:	 	/s/ Irja R. Otsa
	 Name:
 Title:
	 	 Irja R. Otsa
 Associate
Director Banking Products Services, US

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

			
	 CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as a Lender and a Documentation

Agent

		
	By:	 	/s/ Christopher Reo Day
	 Name:
 Title:
	 	 Christopher Reo Day
 Vice
President

		
	By:	 	/s/ Tyler R. Smith
	 Name:
 Title:
	 	 Tyler R. Smith

Associate

  

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

			
	 Goldman Sachs Bank USA, as Syndication
 Agent and Lender

		
	By:	 	/s/ Mark Walton
	 Name:
 Title:
	 	 Mark Walton
 Authorized
Signatory

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

			
	 ROYAL BANK OF CANADA, as Lender and a
 Syndication Agent

		
	By:	 	/s/ Philippe Pepin
	 Name:
 Title:
	 	 Philippe Pepin
 Authorized
Signatory

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  
  

			
	Siemens Financial Services, Inc., as Lender
		
	By:	 	/s/ John Finore         
	Name:	 	John Finore
	 Title:
	 	Vice President

  

			
	Siemens Financial Services, Inc., as Lender
		
	By:	 	/s/ Ernest Errigo         
	Name:	 	Ernest Errigo
	 Title:
	 	Sr. Transaction Coordinator

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
  

			
	WELLS FARGO BANK, N.A., as Lender and a Documentation Agent
		
	By:	 	/s/ Jennifer Avrigian        
	Name:	 	Jennifer Avrigian
	 Title:
	 	Director

  
 [Signature
Page] 

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 Schedule 6.01(q) 

Certain Letters of Credit 
  

													
	 Entity
	  	 Issuing
Bank
	  	 Beneficiary
	  	 Maturity
Date
	  	 Country
	  	 Purpose
	  	 USD Equivalent

	 Tronox
 Worldwide
LLC
	  	JPMorgan	  	Citibank NY support German
Workers Union Guaranty
(€424,600)	  	1-May-13	  	US	  	Uerdingen
Severance	  	$526,673.84
	Tiwest Pty Ltd	  	Westpac	  	Minister for Mining Act of
1978	  	N/A	  	AU	  	Performance	  	$14,186.00
	Tiwest Pty Ltd	  	Westpac	  	Minister for Mining Act of
1978	  	N/A	  	AU	  	Performance	  	A$93,000
	Tiwest Pty Ltd	  	Westpac	  	Independent Market
Operator (IMO)	  	N/A	  	AU	  	Performance	  	A$150,897
	Tiwest Pty Ltd	  	Westpac	  	Synergy	  	31 Mar 15	  		  	Supplier payment
security	  	A$1,600,000
	Tiwest Pty Ltd	  	Westpac	  	Synergy	  	31 Mar 15	  		  	Supplier payment
security	  	A$ 1,000,000
	Tronox Worldwide LLC	  	JPMorgan	  	Republic Insurance Company	  	3-Jul-12	  	US	  	Workers Comp	  	$150,000.00

  

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 Schedule 2.18 

Existing Letters of Credit 
  

													
	 Entity
	  	 Issuing

Bank
	  	 Beneficiary
	  	 Maturity
Date
	  	 Country
	  	 Purpose
	  	 USD Equivalent

	Tronox Incorporated	  	Wells Fargo	  	Liberty Mutual Insurance
Company	  	6-Jun-13	  	US	  	Collateral for surety	  	$5,945,659.80
	Tronox LLC	  	Wells Fargo	  	ACE American Insurance
Company	  	6-Jun-13	  	US	  	Workers Comp	  	$2,785,052.00
	Tronox LLC	  	Wells Fargo	  	U.S. Bank, National
Association	  	17-Jun-13	  	US	  	Performance -
freight	  	$2,500,000.00
	Tronox LLC	  	Wells Fargo	  	Tennessee Gas Pipeline
Company	  	16-Jun-13	  	US	  	Performance - NG	  	$378,000.00
	Tronox Incorporated	  	Wells Fargo	  	National Union Fire Co.	  	6-Jul-13	  	US	  	GL / AL / WC	  	$4,800,500.00
	Tronox LLC	  	Wells Fargo	  	Colorado River
Commission of Nevada	  	28-Dec-12	  	US	  	Performance - Elec	  	$440,232.49
	Tronox LLC	  	Wells Fargo	  	Tennessee Valley
Authority	  	2-Feb-13	  	US	  	Performance - Elec	  	$8,700,000.00
	Tronox LLC	  	Wells Fargo	  	One Stamford Plaza
Owner LLC	  	2-Apr-13	  	US	  	Lease Security
Deposit	  	$624,335.00
	Tronox LLC	  	Wells Fargo	  	The Royal Bank of
 Scotland N.V.
(€2,500,000)
	  	27-Mar-13	  	US	  	Collateral for
Portugal LC	  	$3,070,500.001

  
  

	1 	 USD Equivalent as of 8/6/2012. 

  

 FIRST AMENDMENT TO 

REVOLVING SYNDICATED FACILITY AGREEMENT 

 
 Exhibit A 

 
  

 
 $300.0 million 

REVOLVING SYNDICATED FACILITY AGREEMENT 
 dated as of June 18, 2012, 
 among 

TRONOX INCORPORATED 
 and certain of its Subsidiaries, 
 as U.S. Borrowers and Guarantors,

 TRONOX LIMITED (ACN 153 348 111) and certain of its Subsidiaries, 

as Australian Borrowers and Guarantors, 
 and 
 THE OTHER GUARANTORS PARTY HERETO, 

as Guarantors, 
 THE LENDERS PARTY HERETO, 
 UBS AG, STAMFORD BRANCH, 

as Issuing Bank, Administrative Agent and Collateral Agent, 
 UBS LOAN FINANCE LLC, 
 as Swingline Lender, 

UBS AG, STAMFORD BRANCH, 
 as Australian Security Trustee, 
  

 
 UBS
SECURITIES LLC, 
 as Arranger and Bookmanager, 

GOLDMAN SACHS BANK USA and ROYAL BANK OF CANADA, 
 as Co-Syndication Agents 
 and 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH and WELLS FARGO BANK, N.A., 

as Co-Documentation AgentsEX-10.19

 Exhibit 10.19 
 TRONOX LIMITED 
 One Stamford Plaza 

263 Tresser Blvd., Suite 1100 
 Stamford, CT 06901 
 September 29, 2012 

Mr. Robert C. Gibney 
 c/o Wofsey,
Rosen, Kweskin & Kuriansky, LLP 
 600 Summer Street 
 Stamford, CT 06901 
  

	 	Re:	Separation Letter Agreement  

 Dear
Mr. Gibney: 
 This letter agreement (this “Letter Agreement”) will confirm our understanding with regard
to your termination of employment with Tronox Limited, together with its affiliates and subsidiaries (the “Company”). 
 1. Separation. Your last day of work with the Company and your employment termination date will be September 29, 2012 (the “Separation Date”). You will resign all of your positions
at the Company and its affiliates (and as a fiduciary of any benefit plan of the Company and its affiliates) as of the Separation Date, and you will execute such additional documents as requested by the Company to evidence the foregoing. The
Separation Date will be the termination date of your employment for purposes of active participation in and coverage under all benefit plans and programs sponsored by or through the Company. For the avoidance of doubt, your termination of employment
from the Company hereunder shall be treated as a voluntary resignation for all purposes, including, without limitation, the Employment Agreement by and between you and the Company dated January 11, 2011 (the “Employment
Agreement”). 
 2. Severance Benefits. 

(a) Cash Severance. In consideration for your execution of a general release of claims as provided in paragraph 5 hereof, your
continued compliance with your post-termination obligations under the Employment Agreement and the other promises contained herein, you will receive an aggregate amount equal to $650,000, payable in equal bi-weekly installments over the twelve
(12) month period following the Separation Date in accordance with the Company’s general payroll practices as in effect on the Separation Date. Notwithstanding the foregoing, payment of such cash severance will commence following your
execution of the general release of claims as provided in paragraph 5 hereof and the expiration of any applicable revocation period thereunder, and the first payment shall include payment of any amount that was otherwise scheduled to be paid prior
thereto. 
 (b) COBRA Coverage. In consideration for your execution of a general release of claims as provided in
paragraph 5 hereof, your continued compliance with your post-termination obligations under the Employment Agreement and the other promises contained herein, subject to your timely election of continuation coverage under the Consolidated Omnibus
Budget 

 
Reconciliation Act of 1985, as amended (“COBRA”), the Company shall provide you, and your dependants, with continued health benefits (to the extent permitted under applicable law
and the applicable plan) through September 30, 2013 at the Company’s expense, provided that you are eligible and remain eligible for COBRA coverage; and provided, further, that in the event that you obtain other employment that offers
group health benefits, such continuation of coverage by the Company shall immediately cease. Following September 30, 2013, you may thereafter continue to receive COBRA coverage (to the extent permitted under applicable law and the applicable
plan) for the remainder of the applicable COBRA coverage period, subject to your payment of the full COBRA premiums required for such coverage. 

Payments and benefits provided in paragraphs 2(a) and 2(b) hereof shall be in lieu of any termination or severance payments or benefits for which you may
be eligible under any of the plans, policies or programs of the Company or under the Worker Adjustment Retraining Notification Act of 1988 or any similar state statute or regulation. 

(c) Accrued Obligations. In addition, within thirty (30) days following the Separation Date, you will be paid for any
accrued, unused vacation days, any accrued but unpaid base salary (which will cover the pay period ending September 29, 2012), any unreimbursed business expenses entitled to reimbursement in accordance with Company policies, and any other
accrued and vested benefits to which you are legally entitled under the employee benefit plans of the Company. You are entitled to these accrued obligations regardless of whether you sign this Agreement or the general release of claims contemplated
by paragraph 5 hereof. 
 3. Incentive Equity Treatment. You have previously been granted equity awards by the Company.
As of the Separation Date, all outstanding vested equity awards will remain outstanding in accordance with the terms and conditions of the applicable award agreement and equity plan under which such awards were granted. As of the Separation Date,
7,550 shares of restricted stock shall immediately vest and all remaining unvested awards will be immediately forfeited and cancelled without any consideration being paid therefor and otherwise without any further action of the Company
whatsoever. 
 4. No Other Compensation or Benefits. You acknowledge that, except as expressly provided in this
Letter Agreement or as otherwise required by applicable law, you will not receive any additional compensation, severance or other benefits of any kind following the Separation Date. 

5. Release. Any and all amounts payable and benefits or additional rights contemplated by paragraphs 2(a) and 2(b) hereof
will only be payable if you deliver to the Company and do not revoke a general release of claims in favor of the Company in the form attached on Exhibit A hereto. Such release must be executed and delivered (and no longer subject to
revocation, if applicable) by you within sixty (60) days following the Separation Date. 
 6. Restrictive Covenants;
Survival. You hereby (a) reaffirm the rights and obligations under Sections 7 (entitled Confidentiality, Non-Disclosure and Non-Competition Agreement) and Section 8 (entitled Mutual Non-Disparagement) of the Employment Agreement, and
(b) understand, acknowledge and agree that such rights and obligations will survive your termination of employment with the Company and remain in full force and effect in accordance 

  
 2 

 with all of the terms and conditions thereof. In the event of a violation of any of your obligations
described in the preceding sentence, you will forfeit your right to receive the payments and benefits described in paragraphs 2(a) and 2(b) hereof, and to the extent previously paid, you will be required to immediately refund the cash payment to the
Company. 
 7. Governing Law. This Letter Agreement will be governed by, and construed under and in accordance with, the
internal laws of the State of New York, without regard to the choice of law rules thereof. 
 8. Tax Matters. The
Company may withhold from any and all amounts payable under this Letter Agreement such federal, state, local or foreign taxes as may be required to be withheld pursuant to any applicable law or regulation. The intent of the parties is that payments
and benefits contemplated under this Letter Agreement either comply with, or be exempt from, the requirements of Internal Revenue Code Section 409A. To the extent that the payments and benefits contemplated by this Letter Agreement are not
exempt from the requirements of Internal Revenue Code Section 409A, this Letter Agreement is intended to comply with the requirements of Internal Revenue Code Section 409A to the maximum extent possible, and shall be limited, construed and
interpreted in accordance with such intent. You and the Company hereby agree that your termination of employment on the Separation Date will constitute a “separation from service” within the meaning of Internal Revenue Code Section
409A. 
 9. Entire Agreement. Except as otherwise expressly provided herein, this Letter Agreement and the exhibit
attached hereto constitute the entire agreement between you and the Company with respect to the subject matter hereof and supersede any and all prior agreements or understandings between you and the Company with respect to the subject matter hereof,
whether written or oral (including, without limitation, the Employment Agreement, any award agreements that you may have entered with the Company and any equity plans under which such awards were granted). This Letter Agreement will bind the heirs,
personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, and their respective heirs, successors and assigns, provided that you may not assign your rights or obligations
hereunder. This Letter Agreement may be amended or modified only by a written instrument executed by you and the Company. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 3 

 If this Letter Agreement accurately reflects your understanding as to the terms and
conditions of your termination of employment with the Company, please sign and date one copy of this Letter Agreement in the space provided below and return the same to me for the Company’s records. 

On behalf of the Company, I wish you the best of luck in your future endeavors. 

 

			
	Very truly yours,
	
	TRONOX LIMITED
		
	By:	 	/s/ Michael J. Foster
		 	Name: Michael J. Foster
		 	 Title:   Senior Vice President, General
             Counsel and Secretary

 The above terms and conditions accurately reflect our understanding regarding the terms and
conditions of my termination of employment with the Company, and I hereby confirm my agreement to the same. 
  

							
	Dated: September 30, 2012	 		 		 	/s/ Robert C. Gibney
		 		 		 	Robert C. Gibney

  

  

Separation Letter Agreement Signature Page 

 EXHIBIT A 
 GENERAL RELEASE 
 I, Robert C. Gibney
(“Executive”), in consideration of and subject to the performance by Tronox LLC (together with its parent companies and subsidiaries, the “Company”), of its obligations under paragraphs 2(a) and 2(b) of the Separation
Letter Agreement by and between Executive and the Company dated as of September 28, 2012 (the “Agreement”), do hereby release and forever discharge as of the date hereof the Company and its respective affiliates and
subsidiaries and all present, former and future directors, officers, agents, representatives, employees, successors and assigns of the Company and/or its respective affiliates and subsidiaries and direct or indirect owners (collectively, the
“Company Released Parties”) to the extent provided herein (this “General Release”). The Company Released Parties are intended third-party beneficiaries of this General Release, and this General Release may be
enforced by each of them in accordance with the terms hereof in respect of the rights granted to such Company Released Parties hereunder. In consideration of Executive’s obligations herein, the Company hereby and forever discharges as of the
date thereof Executive, his heirs, successors and assigns (the “Executive Released Parties”) to the extent provided below. The Executive Released Parties are intended to be third-party beneficiaries of the Company Release (defined
below), and this Company Release may be enforced by each of them in accordance with the terms hereof in respect of the rights granted to such Executive Released Parties hereunder. Terms used herein but not otherwise defined shall have the meanings
given to them in the Agreement. 
 1. Executive understands that, other than the Accrued Benefits, the payments or benefits paid or granted to
Executive under paragraphs 2(a) and 2(b) of the Agreement represent, in part, consideration for signing this General Release and are not salary, wages or benefits to which Executive was already entitled. Executive understands and agrees that
Executive will not receive the payments and benefits specified in paragraphs 2(a) and 2(b) of the Agreement, other than the Accrued Benefits, unless Executive executes this General Release and does not revoke this General Release within the time
period permitted hereafter or breach this General Release. Such payments and benefits will not be considered compensation for purposes of any employee benefit plan, program, policy or arrangement maintained or hereafter established by the Company or
its affiliates. 
 2. Except as provided in paragraphs 5 and 6 below and except for the provisions of the Agreement which expressly survive the
termination of Executive’s employment with the Company, Executive knowingly and voluntarily (for himself, Executive’s heirs, executors, administrators and assigns) releases and forever discharges the Company and the other Company Released
Parties from any and all claims, suits, controversies, actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other damages, claims for costs and
attorneys’ fees, or liabilities of any nature whatsoever in law and in equity, both past and present (through the date that this General Release becomes effective and enforceable) and whether known or unknown, suspected, or claimed against the
Company and/or any of the Company Released Parties which Executive, Executive’s spouse, or any of Executive’s heirs, executors, administrators or assigns, ever had, now have, or hereafter may have, by reason of any matter, cause, or thing
whatsoever, from the 

  
 A-1

 beginning of Executive’s initial dealings with the Company to the date of this General Release, and
particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to Executive’s employment relationship with Company, the terms and conditions of that employment relationship, and the
termination of that employment relationship (including, but not limited to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment
Act of 1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Worker Adjustment Retraining and
Notification Act; the Employee Retirement Income Security Act of 1974; any applicable Executive Order Programs; the Fair Labor Standards Act; or their state or local counterparts; or under any other federal, state or local civil or human rights law,
or under any other local, state, or federal law, regulation or ordinance; or under any public policy, contract or tort, or under common law; or arising under any policies, practices or procedures of the Company; or any claim for wrongful discharge,
breach of contract, infliction of emotional distress, defamation; or any claim for costs, fees, or other expenses, including attorneys’ fees incurred in these matters) (all of the foregoing collectively referred to herein as the
“Claims”). Executive understands and intends that this General Release constitutes a general release of all claims and that no reference herein to a specific form of claim, statute or type of relief is intended to limit the scope of
this General Release. 
 3. In consideration for Executive’s promises and covenants pursuant to this Agreement, the Company hereby forever
releases the Executive Released Parties, from any and all claims, charges, complaints, liens, demands, causes of action, obligations, damages, and liabilities, known or unknown, suspected or unsuspected, that the Company had, now has, or may
hereafter claim to have against Executive (the “Company Release”). The Company Release specifically extends to, without limitation, any and all claims or causes of action under common law as well as any claims under any applicable
state, federal, or local statutes and regulations; provided, however, that the Company Release does not waive, release, or otherwise discharge (i) any claim or cause of action that cannot legally be waived, (ii) any
claim for fraud or breach of fiduciary duty or any right arising by reason of Executive having committed a crime, or (iii) any right of any Company Released Party arising under, in or preserved by, this General Release or the Agreement,
provided further that, notwithstanding the immediately preceding provision, the Company Release provided under this paragraph 3 shall cover any claim that falls under 3(ii) or (iii) herein about which the Company’s General
Counsel, Michael J. Foster, has actual knowledge of as of the Separation Date. 
 4. Executive represents that Executive has made no assignment
or transfer of any right, claim, demand, cause of action, or other matter covered by paragraph 2 above. 
 5. Executive agrees that this General
Release does not waive or release any rights or claims that Executive may have under the Age Discrimination in Employment Act of 1967 which arise after the date Executive executes this General Release. Executive acknowledges and agrees that
Executive’s separation from employment with the Company in compliance with the terms of the 

  
 A-2

 Agreement shall not serve as the basis for any claim or action (including, without limitation, any claim
under the Age Discrimination in Employment Act of 1967). 
 6. Executive and the Company each hereby waive all rights to sue or obtain
equitable, remedial or punitive relief from any or all Company Released Parties and Executive Released Parties, respectively, of any kind whatsoever, including, without limitation, reinstatement, back pay, front pay, and any form of injunctive
relief. Notwithstanding the foregoing, Executive acknowledges that Executive is not waiving and is not being required to waive any right that cannot be waived under law, including the right to file an administrative charge or participate in an
administrative investigation or proceeding; provided, however, that Executive disclaims and waives any right to share or participate in any monetary award resulting from the prosecution of such charge or investigation or proceeding.

 7. In signing this General Release, each party acknowledges and intends that it shall be effective as a bar to each and every one of the
claims released hereunder. Each party expressly consents that this General Release shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected Claims
(notwithstanding any state or local statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated claims), if any, as well as those relating to any other claims hereinabove mentioned or implied.
Executive acknowledges and agrees that this waiver is an essential and material term of this General Release and that without such waiver the Company would not have agreed to the terms of the Agreement. Executive further agrees that in the event
that Executive should bring a Claim seeking damages against the Company, or in the event that Executive should seek to recover against the Company in any Claim brought by a governmental agency on Executive’s behalf, this General Release shall
serve as a complete defense to such Claims to the maximum extent permitted by law. Executive further agree that Executive is not aware of any pending claim, or of any facts that could give rise to a claim, of the type described in paragraph 2 as of
the execution of this General Release. 
 8. Executive and the Company agree that neither this General Release, nor the furnishing of the
consideration for this General Release, shall be deemed or construed at any time to be an admission by the Company, any Company Released Party or Executive of any improper or unlawful conduct. 

9. Executive agrees that Executive will forfeit all amounts payable by the Company pursuant to the Agreement if Executive challenges the validity of this
General Release. Executive also agrees that if Executive violates this General Release by suing the Company or the other Company Released Parties, Executive will pay all costs and expenses of defending against the suit incurred by the Company
Released Parties, including reasonable attorneys’ fees, and return all payments received by Executive pursuant to the Agreement on or after the termination of Executive’s employment. 

10. Executive agrees that this General Release and the Agreement are confidential and agree not to disclose any information regarding the terms of this
General Release or the Agreement, except to Executive’s immediate family and any tax, legal or other counsel that Executive has consulted regarding the meaning or effect hereof or as required by law, and Executive will instruct each of the
foregoing not to disclose the same to anyone. 

  
 A-3

 11. Any non-disclosure provision in this General Release does not prohibit or restrict Executive (or
Executive’s attorney) from responding to any inquiry about this General Release or its underlying facts and circumstances by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or any other
self-regulatory organization or governmental entity. 
 12. Executive represents that Executive is not aware of any Claim by Executive, and
Executive acknowledges that Executive may hereafter discover Claims or facts in addition to or different than those which Executive now knows or believes to exist with respect to the subject matter of the release set forth in paragraph 2 above and
which, if known or suspected at the time of entering into this General Release, may have materially affected this General Release and Executive’s decision to enter into it. 
 13. Notwithstanding anything in this General Release to the contrary, this General Release shall not relinquish, diminish, or in any way affect any rights or claims arising out of any breach by the
Company or by any Company Released Party of the Agreement after the date hereof. 
 14. Whenever possible, each provision of this General
Release shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this General Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this General Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein. This General Release constitutes the complete and entire agreement and understanding among the parties, and supersedes any and all prior or contemporaneous agreements, commitments,
understandings or arrangements, whether written or oral, between or among any of the parties, in each case concerning the subject matter hereof. 
 15. BY SIGNING THIS GENERAL RELEASE, EXECUTIVE REPRESENTS AND AGREES THAT: 
  

	 	A.	EXECUTIVE HAS READ IT CAREFULLY; 

  

	 	B.	EXECUTIVE UNDERSTANDS ALL OF ITS TERMS AND KNOWS THAT EXECUTIVE IS GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO, RIGHTS UNDER THE AGE DISCRIMINATION IN
EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED, THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990, AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED;

  

	 	C.	EXECUTIVE VOLUNTARILY CONSENTS TO EVERYTHING IN IT; 

  

	 	D.	EXECUTIVE HAS BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND EXECUTIVE HAS DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION, EXECUTIVE HAS CHOSEN
NOT TO DO SO OF EXECUTIVE’S OWN VOLITION; 

  
 A-4

	 	E.	EXECUTIVE HAS HAD AT LEAST 21 DAYS FROM THE DATE OF EXECUTIVE’S RECEIPT OF THIS RELEASE TO CONSIDER IT AND THE CHANGES MADE SINCE EXECUTIVE’S RECEIPT OF THIS
RELEASE ARE NOT MATERIAL OR WERE MADE AT EXECUTIVE’S REQUEST AND WILL NOT RESTART THE REQUIRED 21-DAY PERIOD; 

  

	 	F.	EXECUTIVE UNDERSTANDS THAT EXECUTIVE HAS SEVEN (7) DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR
ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; 

  

	 	G.	EXECUTIVE HAS SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO ADVISE EXECUTIVE WITH RESPECT TO IT; AND

  

	 	H.	EXECUTIVE AGREES THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED
REPRESENTATIVE OF THE COMPANY AND BY EXECUTIVE. 

  

									
	SIGNED:	 	 /s/ Robert Gibney
	 		 	DATE:	 	Sept. 30, 2012
		 	Robert Gibney	 		 		 	
			
	TRONOX LIMITED	 		 	
					
	By:	 	 /s/ Michael J. Foster
	 		 	DATE:	 	1 October 2012
	Name:	 	Michael J. Foster	 		 		 	
	Title:	 	Senior Vice President, General Counsel and Secretary	 		 		 	

  
 A-5

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