Document:

Form of Guarantee

 Exhibit 4.3 
  

 GUARANTEE 
 dated as of                 ,          
 from 
 UAL CORPORATION 
 [Insert Aircraft Description] 
  

 TABLE OF CONTENTS 
  

					
	 	 	 	 	Page
	 Section 1.
	 	Guarantee	 	1
			
	 Section 2.
	 	No Implied Third Party Beneficiaries	 	3
			
	 Section 3.
	 	Waiver; No Set-off; Reinstatement; Subrogation	 	3
			
	 Section 4.
	 	Amendments, Etc	 	3
			
	 Section 5.
	 	Payments	 	3
			
	 Section 6.
	 	Integration; Counterparts; Successors and Assigns; Headings	 	4
			
	 Section 7.
	 	Notices	 	4
			
	 Section 8.
	 	No Waivers	 	4
			
	 Section 9.
	 	Severability	 	4
			
	 Section 10.
	 	GOVERNING LAW	 	5

  

 i 

 GUARANTEE 
 THIS GUARANTEE, dated as of                 ,          (as amended, modified
or supplemented from time to time, this “Guarantee”), from UAL CORPORATION, a Delaware corporation (together with its permitted successors and assigns, the “Guarantor”), to the parties listed in
Schedule I hereto (collectively, together with their successors and permitted assigns, the “Parties”, and, individually, a “Party”). 
 WHEREAS, United Air Lines, Inc., a Delaware corporation (“Owner”), a direct wholly-owned subsidiary of the Guarantor, has entered
into that certain Note Purchase Agreement dated as of                 ,          (the “Note Purchase
Agreement”) among Owner, Wilmington Trust Company, as pass through trustee under each of the Pass Through Trust Agreements (the “Pass Through Trustee”) and Wilmington Trust Company, as Subordination Agent (the
“Subordination Agent”); 
 WHEREAS, capitalized used but not defined herein shall have the meanings set forth in the
Note Purchase Agreement; 
 WHEREAS, in order to finance the aircraft identified on Schedule II hereto (the
“Aircraft”), Owner will issue the Equipment Notes under the Indentures; and 
 WHEREAS, it is a condition to the
purchase of the Equipment Notes by the Pass Through Trustee under the Note Purchase Agreement that the Guarantor execute and deliver this Guarantee. 
 NOW, THEREFORE, in order to induce the Pass Through Trustee to purchase the Equipment Notes and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as
follows: 
 Section 1. Guarantee. 
 (a) The Guarantor does hereby acknowledge that it is fully aware of the terms and conditions of the Indentures, the Participation Agreements, and the Equipment Notes and the transactions and the other documents
contemplated thereby, and does hereby irrevocably and fully and unconditionally guarantee, as primary obligor and not as surety merely, to the Parties, as their respective interests may appear, the payment by Owner of all payment obligations when
due under the Indentures, the Participation Agreements and the Equipment Notes (such obligations of Owner guaranteed hereby being hereafter referred to, individually, as a “Guaranteed Obligation” and, collectively, as the
“Guaranteed Obligations”) in accordance with the terms of the Financing Agreements. The Guarantor does hereby agree that in the event that Owner fails to pay any Guaranteed Obligation when due for any reason (including, without
limitation, the liquidation, dissolution, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of, or other similar proceedings affecting the status, existence,
assets or obligations of Owner, or the disaffirmance with respect to Owner of any Indenture or any other Financing Agreement to which Owner is a party in any such proceeding) after the date on which such Guaranteed Obligation became due and payable
and the applicable grace period has expired, the Guarantor 

 [Guarantee] 
  
 
shall pay or cause to be paid forthwith, upon the receipt of notice from the Loan Trustee (such notice to be sent to Owner (to the extent the Loan Trustee is
not stayed or prevented from doing so by operation of law) and the Guarantor) stating that such Guaranteed Obligation was not paid when due after the applicable grace period has expired and stating the amount of such Guaranteed Obligation.

 (b) The obligations of the Guarantor hereunder shall not be, to the fullest extent permitted by law, affected by: the genuineness,
validity, regularity or enforceability (or lack thereof) of any of Owner’s obligations under any Indenture or any other Financing Agreement to which Owner is a party, any amendment, waiver or other modification of any Indenture or such other
Financing Agreement (except that any such amendment or other modification shall be given effect in determining the obligations of the Guarantor hereunder), or by any substitution, release or exchange of collateral for or other guaranty of any of the
Guaranteed Obligations (except to the extent that such substitution, release or exchange is not undertaken in accordance with the terms of the Financing Agreements) without the consent of the Guarantor, or by any priority or preference to which any
other obligations of Owner may be entitled over Owner’s obligations under any Indenture and the other Financing Agreements to which Owner is a party, or by any other circumstance that might otherwise constitute a legal or equitable defense to
or discharge of the obligations of a surety or guarantor including, without limitation, any defense arising out of any laws of the United States of America of any State thereof which would excuse, discharge, exempt, modify or delay the due or
punctual payment and performance of the obligations of the Guarantor hereunder. Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following shall not, to the fullest extent permitted by law,
affect the liability of the Guarantor hereunder: (a) the extension of the time for or waiver of, at any time or from time to time, without notice to the Guarantor, Owner’s performance of or compliance with any of its obligations under the
Financing Agreements (except that such extension or waiver shall be given effect in determining the obligations of the Guarantor hereunder), (b) any assignment, transfer, lease or other arrangement by which Owner transfers possession or loses
control of the use of any Aircraft, (c) any defect in the title, condition, design, operation or fitness for use of, or damage to or loss or destruction of, any Aircraft, whether or not due to the fault of Owner, (d) any merger or
consolidation of Owner or the Guarantor into or with any other Person, or any sale, transfer, lease or disposal of any of its assets or (e) any change in the ownership of any shares of capital stock of Owner. 
 (c) This Guarantee is an absolute, present and continuing guaranty of payment and performance and not of collection and is in no way conditional or
contingent upon any attempt to collect from Owner any unpaid amounts due. The Guarantor specifically agrees, to the fullest extent permitted by law, that it shall not be necessary or required, and that the Guarantor shall not be entitled to require,
that any Party (i) file suit or proceed to obtain or assert a claim for personal judgment against Owner for the Guaranteed Obligations, or (ii) make any effort at collection of the Guaranteed Obligations from Owner, or (iii) foreclose
against or seek to realize upon any security now or hereafter existing for the Guaranteed Obligations, including the Collateral (as defined in the Indentures), or (iv) file suit or proceed to obtain or assert a claim for personal judgment
against any other Person liable for the Guaranteed Obligations, or make any effort at collection of the Guaranteed Obligations from any such other Person, or exercise or assert any other right or remedy to which any Party is or may be entitled in
connection with the 

  

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 [Guarantee] 
  
 
Guaranteed Obligations or any security or other guaranty therefor, or (v) assert or file any claim against the assets of Owner or any other guarantor or
other Person liable for the Guaranteed Obligations, or any part thereof, before or as a condition of enforcing the liability of the Guarantor under this Guarantee or requiring payment of said Guaranteed Obligations by the Guarantor hereunder, or at
any time thereafter. 
 Section 2. No Implied Third Party Beneficiaries. This Guarantee shall not be deemed to create any
right in any Person except a Party and shall not be construed in any respect to be a contract in whole or in part for the benefit of any other Person. 
 Section 3. Waiver; No Set-off; Reinstatement; Subrogation. The Guarantor waives notice of the acceptance of this Guarantee and of the performance or nonperformance by Owner, demand for payment from
Owner or any other Person, notice of nonpayment or failure to perform on the part of Owner, diligence, presentment, protest, dishonor and, to the fullest extent permitted by law, all other demands or notices whatsoever, other than the request for
payment hereunder and notice provided for in Section 1 hereof. The obligations of the Guarantor shall be absolute and unconditional and shall remain in full force and effect until satisfaction of all Guaranteed Obligations and, without limiting
the generality of the foregoing, to the extent not prohibited by applicable law, shall not be released, discharged or otherwise affected by the existence of any claims, set-off, defense or other rights that the Guarantor may have at any time and
from time to time against any Party, whether in connection herewith or any unrelated transactions. This Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any Guaranteed Obligation is
rescinded or must otherwise be returned by any Party upon the insolvency, bankruptcy, reorganization, arrangement, readjustment of debt, dissolution, liquidation or similar proceeding with respect to Owner or otherwise, all as though such payment
had not been made. The Guarantor, by virtue of any payment hereunder to a Party, shall be subrogated to such Party’s claim against Owner or any other Person relating thereto; provided, however, that the Guarantor shall not be
entitled to receive payment from Owner in respect of any claim against Owner arising from a payment by the Guarantor in the event of any insolvency, bankruptcy, liquidation, reorganization or other similar proceedings relating to Owner, or in the
event of any proceedings for voluntary liquidation, dissolution or other winding-up of Owner, whether or not involving insolvency or bankruptcy proceedings, in which case the Guaranteed Obligations shall be paid and performed in full before any
payment in respect of a claim by the Guarantor shall be made by or on behalf of Owner. 
 Section 4. Amendments, Etc. No
amendment of or supplement to this Guarantee, or waiver or modification of, or consent under, the terms hereof, shall be effective unless evidenced by an instrument in writing signed by the Guarantor and each Party against whom such amendment,
supplement, waiver, modification or consent is to be enforced. 
 Section 5. Payments. All payments by the Guarantor
hereunder in respect of any Obligation shall be made in Dollars and otherwise as provided in the relevant Indenture, the relevant Participation Agreement or the relevant Equipment Note in which such Guaranteed Obligation is contained. 
  

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 [Guarantee] 
  
 Section 6. Integration; Counterparts; Successors and Assigns; Headings. This Guarantee (a) constitutes the entire agreement, and
supersedes all prior agreements and understandings, both written and oral, among the Guarantor and the Parties, with respect to the subject matter hereof, (b) may be executed in several counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument, and (c) shall be binding upon the successors and assigns of the Guarantor and shall inure to the benefit of, and shall be enforceable by, each of the Parties to the fullest
extent permitted by applicable laws. The headings in this Guarantee are for purposes of reference only, and shall not limit or otherwise affect the meanings hereof. 
 Section 7. Notices. All requests, notices or other communications hereunder shall be in writing, addressed as follows: 
 If to the Guarantor: 
 UAL Corporation 
 77 West Wacker Drive 
 Chicago, Illinois 60601 
 Attention: Stephen R Lieberman, 
 Vice President & Treasurer 
 Facsimile: 312-997-8333 
 with a copy to: 
 77 West Wacker Drive 
 Chicago, Illinois 60601 
 Attention: Paul R. Lovejoy, Senior Vice President, General Counsel and Secretary 
 Facsimile: 312-997-8333 
 If to a Party: 
 to the address or telecopy
number set forth in the Participation Agreements 
 All requests, notices or other communications shall be given in the manner, and shall be
effective at the times and under the terms, set forth in Section 11.7 of the Participation Agreements. 
 Section 8. No
Waivers. No failure on the part of any Party to exercise, no delay in exercising, and no course of dealing with respect to, any right or remedy hereunder will operate as a waiver thereof; nor will any single or partial exercise of any right or
remedy hereunder preclude any other or further exercise of such right or remedy or the exercise of any other right or remedy. 
 Section 9. Severability. To the fullest extent permitted by applicable law, any provision of this Guarantee that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without 

  

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 [Guarantee] 
  
 
invalidating the remaining provisions hereof or any provision in any other Operative Document, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 10. GOVERNING
LAW. THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, (WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS
LAW)). THIS GUARANTEE IS BEING DELIVERED IN NEW YORK, NEW YORK. 
  

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 SCHEDULE I 
 TO GUARANTEE 
 PARTIES 
 Wilmington Trust Company, as Loan Trustee 
 Wilmington Trust Company, as Pass Through Trustee 
 Wilmington Trust Company, as Subordination Agent 
  

 SCHEDULE I 
 Page 1 

 SCHEDULE II 
 TO GUARANTEE 
 AIRCRAFT 
  

											
	 	 	 U.S.
 Registration
 Mark
	 	 MSN #
	 	 Aircraft
 Type
	 	 Engines
	 	 Engine
 Model Type

  
  
  
  
  

 SCHEDULE II 
 Page 1Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This Agreement (“Agreement”) is made as of June 15, 2007 by and
among LESLIE’S HOLDINGS, INC., a Delaware corporation (“Holdings”), LESLIE’S POOLMART, INC., a Delaware corporation (the “Company” and, together with Holdings, the “Companies”), and MICHAEL L. HATCH
(“Mr. Hatch”). 
 RECITALS 
 A. The Company is a corporation organized under the laws of Delaware. It is engaged in the business of marketing pool supplies and related pool equipment and products. 
 B. Holdings was formed in February 2007 and owns 100% of the voting stock of the Company. 
 C. Mr. Hatch is employed by the Company as its President and Chief Operating Officer. Holdings wishes Mr. Hatch to serve as its President and
Chief Operating Officer and serve on its Board of Directors and Mr. Hatch desires to be so employed by the Company and to serve in such capacities. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth below, the parties hereby agree as follows: 
 1. Compensation. 
 a. Salary. Mr. Hatch’s annual salary shall be $320,000.00, less normal withholdings,
payable in accordance with the Company’s usual and standard payroll practices. 
 b. Bonus. Mr. Hatch shall participate in
the Company’s Bonus Plan and shall be eligible during each fiscal year for an annual bonus of 60% of his annual salary, based on the achievement by the Company of performance goals established by the Company’s Board of Directors for each
such fiscal year, which may include targets related to the earnings before interest, taxes, depreciation and amortization (“EBITDA”) of the Company. 
 2. Exclusivity of Employment. During Mr. Hatch’s employment with Company (the “Term of Employment”), Mr. Hatch will devote himself full-time to the interests of the Companies and shall not, at any time or
place, either directly or indirectly, engage in any other business enterprise, although he may serve on boards and committees of other businesses or industrial groups, attend to personal investments, and engage in civic and charitable endeavors,
provided that such activities are not competitive with the business of Company and do not unduly interfere with Mr. Hatch’s attention to his responsibilities under this Agreement. 
 3. Fringe Benefits. Mr. Hatch shall be eligible to participate in the Company’s benefit plans made generally available by the Company to executives of
the Company presently or in the future, subject to and on a basis consistent with the terms, conditions and administration of any such plans. Such benefits currently include four (4) weeks of vacation each year, personal and sick leave,
disability, and medical and life insurance. 

 4. Severance. If Mr. Hatch’s employment is terminated by the Company for any reason other than
(i) under its retirement policy, (ii) upon Mr. Hatch’s death or Disability or (iii) for Just Cause, the Company shall pay him a lump sum amount equal to his current annual salary and target bonus, less normal withholdings
and will reimburse Mr. Hatch for the premium payable by him for health and medical-care insurance coverage for him and his dependents under COBRA for a period of 12 months after the termination. 
 For the purpose of this section, a termination for “Just Cause” shall mean a termination of employment for any of the following reasons:

 a. Mr. Hatch’s breach of this Agreement or of a material policy of the Board of Directors of Holdings or the Company; or

 b. the engaging by Mr. Hatch in willful, reckless or grossly negligent misconduct; or 
 c. Mr. Hatch’s indictment, charge, conviction or guilty plea (or plea of nolo contendere) with respect of an offense involving moral
turpitude or a felony; or 
 d. Mr. Hatch’s failing or refusing to perform any material obligation or to carry out the reasonable
directives of Mr. Hatch’s supervisor consistent with his duties, and Mr. Hatch fails to cure the same within a period of 10 days after written notice of such failure is provided to Mr. Hatch; and 
 e. the performance of services by Mr. Hatch for any other company, entity, or person which directly competes with the Company during the time
Mr. Hatch is employed by the Company, without the written approval of the Board of Company 
 5. Dispute Resolution. Mr. Hatch, Holdings and
the Company agree that any and all disputes, controversies, or claims arising out of or related to this Agreement or its breach, including without limitation, disputes, claims, or controversies concerning the validity of this Agreement, in whole or
in part, shall be determined exclusively by final and binding arbitration before a single arbitrator in Phoenix Arizona administered by JAMS pursuant to its Employment Arbitration Rules & Procedures and subject to JAMS Policy on Employment
Arbitration Minimum Standards of Procedural Fairness, and that judgment upon the award of the arbitrator may be rendered in any court of competent jurisdiction. The arbitrator shall be selected from a list of arbitrators provided by JAMS with
substantial professional experience in employment matters. the Company will pay all administration fees associated with the arbitration and the cost of arbitrator, it being the parties’ intention that Mr. Hatch not bear any costs that he
would not be required to bear in a court proceeding. The arbitrator’s authority and jurisdiction shall be limited to determining the dispute in arbitration in conformity with law, to the same extent as if such dispute were to be determined as
to liability and remedy by a court without a jury. The arbitrator shall render an award that shall include a written statement of opinion setting forth the arbitrator’s findings of fact and conclusions of law. Holdings, the Company and
Mr. Hatch expressly waive all rights to a jury trial in court on all statutory or other claims. 
 6. Assignability; Third Party Beneficiary.

 a. In the event the Company shall merge or consolidate with any other partnership, limited liability company, corporation, or business
entity or all or substantially all the Company’s business or assets shall be transferred in any manner to any other partnership, limited liability company, corporation or business entity, such successor shall thereupon succeed to, and be
subject to, all rights, interests, duties, obligations of, and shall thereafter be deemed for all purposes hereof to be, the Company hereunder. 
  

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 b. This Agreement is personal in nature and none of the parties hereto shall, without the written consent
of the other, assign or transfer this Agreement or any rights or obligations hereunder, except by operation of law or pursuant to the terms of Section 6(a) above. 
 Nothing expressed or implied herein is intended or shall be construed to confer upon or give to any person, other than the parties hereto, any right, remedy or claim under or by reason of this Agreement or of any
term, covenant or condition hereof. 
 7. Confidentiality and Trade Secrets. Mr. Hatch recognizes that he will have access to trade secrets and
proprietary information (the “Company Information”) of Holdings and the Company and any affiliate of either (a “Company Affiliate”), and he recognizes that should such information be revealed to a competitor, the Company would be
materially damaged in an amount difficult to calculate. Except in the performance of his duties to Holdings and the Company, Mr. Hatch shall not, during the Term of Employment and at all times thereafter, directly or indirectly for any reason
whatsoever, disclose or use any such Company Information. All records, files, drawings, documents, equipment and other tangible items, wherever located, relating in any way to or containing Company Information, which Mr. Hatch has prepared,
used or encountered or shall in the future prepare, use or encounter, shall be and remain Company’s sole and exclusive property and shall constitute Company Information. Upon the expiration of the Term of Employment or earlier termination of
this Agreement, or whenever requested by the Company, Mr. Hatch shall promptly deliver to Company any and all of Company Information and copies thereof, not previously delivered to Company, that may be in the possession or under the control of
Mr. Hatch. The foregoing restrictions shall not apply to the use, divulgence, disclosure or grant of access to Company Information to the extent, but only to the extent, (i) expressly permitted or required pursuant to any other written
agreement between or among Mr. Hatch and Company (and/or Company Affiliates), (ii) such Company Information which has become publicly known and made generally available through no wrongful act of Mr. Hatch or of others who were under
confidentiality obligations as to the item or items involved, or (iii) Mr. Hatch is required to disclose Company Information by or to any court of competent jurisdiction or any governmental or quasi-governmental agency, authority or
instrumentality of competent jurisdiction; provided, that Mr. Hatch shall, prior to any such disclosure, immediately notify the Company of such requirement; provided, further, that Company shall have the right, at its expense, to object to such
disclosures and to seek confidential treatment of any Company Information to be so disclosed on such terms as it shall determine. 
 8. Return of All the
Company’s Property and Documents. Upon the termination of his employment, Mr. Hatch immediately will return to the Holdings and the Company all property of the Companies, including, without limitation, all documents and information,
however maintained (including computer files, tapes and recordings), concerning Holdings or the Company or acquired by Mr. Hatch in the course and scope of his employment (excluding only those documents relating to Mr. Hatch’s own
salary and benefits), any laptop computer, Company-owned automobile(s), keys, access cards or credit cards. 
 9. Noninterference. 
 a. The Mr. Hatch agrees that during the Term of Employment and for two (2) year subsequent to termination of Mr. Hatch’s employment
with the Company for any reason (the “Non-Compete Term”) the Mr. Hatch shall not: 
 (i) Either directly or indirectly, for
himself or on behalf of or in conjunction with any other person, persons, company, firm, partnership, corporation, business, group or other entity (each, a “Person”), engage in any Competing Business, whether as an employee, 

  

 3 

 
consultant, partner, principal, agent, representative, stockholder or other individual, corporate, or representative capacity, or render any services or
provide any advice or substantial assistance to any such Person that engages in a Competing Business. “Competing Businesses” shall include any business which derives material revenue from the sale of swimming pool products or the service
of swimming pools. 
 (ii) Either directly or indirectly, for himself or on behalf of or in conjunction with any other Person, solicit, hire
or divert any Person who is, or who is, at the time of termination of the Mr. Hatch’s employment, or has been within six (6) months prior to the time of termination of Mr. Hatch’s employment, an employee of the Company or
any Company Affiliate for the purpose or with the intent of enticing such employee away from the employ of any of the Company or any Company Affiliate. 
 (iii) Either directly or indirectly, for himself or on behalf of or in conjunction with any other Person, solicit, hire or divert any Person who is, or who is, at the time of termination of the Mr. Hatch’s
employment, or has been within six (6) months prior to the time of termination of Mr. Hatch’s employment, a customer or supplier of the Company or any Company Affiliate for the purpose or with the intent of (A) inducing or
attempting to induce such Person to cease doing business with the Company or any Company Affiliate or (B) in any way interfering with the relationship between such Person and the Company or any Company Affiliate. 
 b. The covenants in this Section 8 are severable and separate, and the unenforceability of any specific covenant shall not affect the provisions of
any other covenant. Moreover, in the event any court of competent jurisdiction shall determine that the scope, time or territorial restrictions set forth herein are unreasonable, then it is the intention of the parties that such restrictions be
enforced to the fullest extent that such court deems reasonable, and the Agreement shall thereby be reformed to reflect the same. 
 c. All of
the covenants in this Section 9 shall be construed as an agreement independent of any other provision in this Agreement, and the existence of any claim or cause of action of the Mr. Hatch against Holdings or the Company whether predicated
on this Agreement or otherwise shall not constitute a defense to the enforcement by Holdings or the Company of such covenants. It is specifically agreed that the period following the termination of the Mr. Hatch’s employment with the
Company during which the agreements and covenants of the Mr. Hatch made in this Section 9 shall be effective, shall be computed by excluding from such computation any time during which the Mr. Hatch is in violation of any provision of
this Section 9. 
 d. Notwithstanding any of the foregoing, if any applicable law, judicial ruling or order shall reduce the time period
during which the Mr. Hatch shall be prohibited from engaging in any competitive activity described in Section 9 hereof, the period of time for which the Mr. Hatch shall be prohibited pursuant to Section 9 hereof shall be the
maximum time permitted by law. 
 10. Miscellaneous. No provisions of this Agreement may be amended, modified, or waived unless such amendment or
modification is agreed to in writing signed by Mr. Hatch and by a duly authorized officer of the Company, and such waiver is set forth in writing and signed by the party to be charged. No waiver by either party hereto at any time of any breach
by the other party hereto of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. The respective
rights and obligations of the parties hereunder of this Agreement shall survive the Mr. Hatch’s termination of employment and the termination of this Agreement to the extent necessary for the intended preservation of such rights and
obligations. 
  

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 11. Validity. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect
the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 12. Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
 13. Remedies. In the event of any breach hereunder, the party not in breach shall have the immediate right to pursue all remedies provided for by law and in equity. 
 14. Venue and Governing Law. This Agreement is made in accordance with and shall be interpreted and governed by the laws of the State of Arizona. 
 (SIGNATURE PAGE FOLLOWS) 
  

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 The parties hereto have executed this Agreement as of the date first stated above. 
  

			
	LESLIE’S POOLMART, INC.
		
	By:	 	 /s/ Lawrence H. Hayward

	Name:	 	Lawrence H. Hayward
	Title:	 	Chief Executive Officer
	
	LESLIE’S HOLDINGS, INC.
		
	By:	 	 /s/ Lawrence H. Hayward

	Name:	 	Lawrence H. Hayward
	Title:	 	Chief Executive Officer
	
	 /s/ MICHAEL L. HATCH

	MICHAEL L. HATCH

  

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